Overview
What is Lets Equip Inc?
Lets Equip Inc is a nonprofit organization situated in Frisco, Texas. Their primary mission is to empower believers by providing them with essential tools, training, and instruction for ministry. They accomplish this through various initiatives, such as hosting conferences, delivering private speaking engagements, and offering monthly online Bible studies. In 2021, they coached 17 students in a 12-week program focusing on building, launching, and growing an online ministry, which included a session with Allen Parr, a prominent figure in online ministry. Looking ahead to 2023, Lets Equip Inc plans to launch a business coaching program designed to assist Christian entrepreneurs in growing their businesses through digital marketing. Their ultimate goal is to enroll over 10,000 individuals into their community by 2023.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, earning a Two-Star out of Four Star rating.
Lets Equip Inc has received a Two-Star rating, indicating that while the organization shows some strengths, there are significant areas for improvement, particularly in governance and transparency. The accountability and finance score is 60, reflecting concerns with board independence as there are no independent members on their board. However, the organization has a good track record regarding asset management, showing no material diversion of assets.
The nonprofit has implemented several important policies, such as a conflict of interest policy and a whistleblower policy, both of which received full points. However, it lacks basic transparency measures, such as a missing website listed on tax forms and failure to post its tax form on its website. The program expense ratio is relatively decent at 58.73%, suggesting that a majority of its expenses go towards its programs, but overall, improvement in governance and transparency is essential for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lets Equip Inc legitimate?
Lets Equip Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lets Equip Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lets Equip Inc?
Lets Equip Inc's mission is centered around equipping believers with necessary tools, training, and teaching for ministry. The organization aims to achieve this goal by providing resources and guidance to individuals interested in ministry. They have engaged with hundreds of individuals through conferences and private speaking requests, spanning various settings such as churches, schools, and businesses. The organization also maintains an online community, where they conduct monthly Bible studies and Q&A sessions. In 2021, they coached 17 students in a 12-week intensive program on building, launching, and growing an online ministry. The program included a session with a prominent online ministry leader. Lets Equip Inc plans to launch a business coaching program in 2023, aimed at helping Christian entrepreneurs grow their businesses through digital marketing. Their vision is to enroll over 10,000 people into their community by 2023.
Who is the CEO of Lets Equip Inc?
Unavailable
What is the revenue of Lets Equip Inc?
Lets Equip Inc's revenue in 2021 was $559,817.
Who are the executives of Lets Equip Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lets Equip Inc?
Lets Equip Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Lets Equip Inc
Lets Equip Inc, a nonprofit organization, is dedicated to equipping believers with the necessary tools, training, and teaching for ministry. Their mission is to empower individuals, providing them with the resources required to effectively serve in their religious roles. Through various means, such as conferences, private speaking engagements, and online communities, Lets Equip Inc has shared the gospel with numerous individuals.
The organization's mission is not limited to simple sharing of faith, but also involves educating and training believers. They have enrolled over 2,000 individuals into their online community, where they conduct monthly Bible studies and Q&A sessions. In 2021, Lets Equip Inc coached 17 students in a 12-week intensive program on building, launching, and growing an online ministry. This program featured a 90-minute Zoom call with Allen Parr, a renowned leader in online ministry.
Looking ahead, Lets Equip Inc plans to launch a business coaching program in 2023, aimed at helping Christian entrepreneurs grow their businesses through digital marketing. Their ultimate goal is to enroll over 10,000 people into their community by 2023, furthering their mission of equipping believers for ministry.
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Impact
July, 2024
Lets Equip Inc's impact is significant, as they have shared the gospel with hundreds of individuals through conferences and private speaking requests. They have enrolled over 2,000 new people into their online community, where they conduct monthly Bible studies and Q&As. In addition, the organization coached 17 students in a 12-week program on building, launching, and growing an online ministry, including a session with a prominent leader in online ministry. Their future goal to launch a business coaching program for Christian entrepreneurs shows their dedication to equipping believers with the necessary tools for ministry and growth. Their vision to enroll over 10,000 people into their community by 2023 demonstrates their commitment to expanding their impact and reach.
This information is meant to be a general summary of Lets Equip Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $559,817
Assets and Liabilities:
- Total Assets: $240,375
- Total Liabilities: $0
- Net Assets: $240,375
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Organization Details
Founding Year
2020
Main Address
15922 Eldorado Pkwy Suite 500 STE 1, Frisco, TX, 75035
NTEE Category
Code: P20 - Human services
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