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Nonprofit · EIN 22-2452414

EQUIP INC

Tax-exempt · MARION, NC 28752

Financials

$2.9M$2.7M2023$2.8M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of EQUIP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,796,461$2,871,668-$75,207$2,160,518$7,697$2,152,821
December 31, 2023990$2,862,049$2,718,941$143,108$2,239,924$11,896$2,228,028
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,737,562
Program service revenue
$21,636
Investment income
$37,263
Other revenue
$0

Expenses

Grants and similar amounts paid
$507,336
Compensation of officers, directors and key employees
$167,867
Other salaries and wages
$1,106,293
Salaries, compensation and benefits (total)
$1,413,379
Professional fundraising fees
$0
Legal fees
$1,445
Occupancy
$124,954
Travel
$63,836
Depreciation
$19,307
Program services (functional)
$2,366,130
Management and general (functional)
$455,779
Fundraising (functional)
$49,759

Balance sheet and other

Total assets, start of year
$2,239,924
Total assets, end of year
$2,160,518
Total liabilities, end of year
$7,697
Net assets, end of year
$2,152,821
Land, buildings and equipment
$453,086
Net assets without donor restrictions
$1,388,141
Net assets with donor restrictions
$764,680
Gross receipts
$2,796,461
Employees
36
Volunteers
18
Year formed
1995
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MR BEN ADKINSPRESIDENT
Officer
40$118,417
MS PAULA EVANSSECRETARY
Officer
40$49,450
MR CALEB BRADSHAWDIRECTOR
Trustee or director
1$0
MR JON BROOKSCHAIR
Trustee or director, Officer
1$0
MR JEFF BURWINKELDIRECTOR
Trustee or director
1$0
MR BRIAN GUENGERICHTRUSTEE/DIRE
Trustee or director
1$0
MR KYLE HOOVERVICE CHAIR
Trustee or director, Officer
1$0
DR ANDY MORRISDIRECTOR
Trustee or director
1$0
MRS DIANE OXENDALEDIRECTOR
Trustee or director
1$0
MR RON POWNALLTREASURER
Trustee or director, Officer
1$0
REV LONNIE RAYTRUSTEE/DIRE
Trustee or director
1$0
MR JESSE THORNBURGDIRECTOR
Trustee or director
1$0
MS DAWN WILDMANDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
MR BEN ADKINSPRESIDENT
Officer
40$91,600
MS PAULA EVANSSECRETARY
Officer
40$49,179
MR CALEB BRADSHAWDIRECTOR
Trustee or director
1$0
MR JON BROOKSCHAIR
Trustee or director, Officer
1$0
MR JEFF BURWINKELDIRECTOR
Trustee or director
1$0
MR BRIAN GUENGERICHTRUSTEE/DIRE
Trustee or director
1$0
MR KYLE HOOVERVICE CHAIR
Trustee or director, Officer
1$0
DR ANDY MORRISDIRECTOR
Trustee or director
1$0
MRS DIANE OXENDALEDIRECTOR
Trustee or director
1$0
MR RON POWNALLTREASURER
Trustee or director, Officer
1$0
REV LONNIE RAYTRUSTEE/DIRE
Trustee or director
1$0
MR JESSE THORNBURGDIRECTOR
Trustee or director
1$0
MS DAWN WILDMANDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
126 ROCKHOUSE RD, MARION, NC 28752-9041
Principal officer (990 for 2024)
MR BEN ADKINS, 126 ROCK HOUSE ROAD, MARION, NC 28752
Signed the 990
MR BEN ADKINS, PRESIDENT
Phone
(828) 738-3891
Return prepared by
SUZAN H SLUDER CPA PA

Mission

TO PREPARE, TRAIN AND SUPPORT FINANCIALLY, EVANGELICAL CHRISTIAN MISSIONARIES IN THEIR WORK AROUND THE WORLD.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PREPARE, TRAIN, AND SUPPORT FINANCIALLY, EVANGELICAL CHRISTIAN MISSIONARIES IN THEIR WORK AROUND THE WORLD.
    Expenses $2,366,130 · grants $507,336 · revenue $21,636

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2452414
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,160,518
Income (IRS master file)
$2,796,461

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,796,461$2,871,668$2,160,518XML
990December 2023$2,862,049$2,718,941$2,239,924IRS
990December 2022$2,243,844$2,073,821$2,104,201IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2452414).

Questions about EQUIP INC

What is the EIN of EQUIP INC?
The employer identification number (EIN) of EQUIP INC is 22-2452414.
Is EQUIP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to EQUIP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EQUIP INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EQUIP INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EQUIP INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EQUIP INC?
The 990 for the year ended December 31, 2024 names MR BEN ADKINS.
Who are the officers and directors of EQUIP INC?
The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $118,417 (MR BEN ADKINS, PRESIDENT).
How much revenue does EQUIP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,796,461, expenses of $2,871,668 and total assets of $2,160,518 at year end.

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