LETS EQUIP INC

EIN: 844229241 501(c)(3) Human Services

MCKINNEY, TX

Total Revenue
$407,354
Total Expenses
$294,859
Total Assets
$362,009
Net Assets
$350,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
ALLEN PARR
Phone
2144764472
Tax Period
2025-01-01 to 2025-12-31

LETS EQUIP INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $407K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 28% operating margin.

Mission

TO EQUIP BELIEVERS WITH THE NECESSARY TOOLS, TRAINING, AND TEACHING FOR MINISTRY.

Program Service Accomplishments

Program 1
Expenses: $145,508 Revenue: $118,669

THE BEAT BY ALLEN PARR EXPERIENCED SIGNIFICANT DIGITAL GROWTH AND OUTREACH IN 2025, GAINING MORE THAN 74,000 NEW SUBSCRIBERS THROUGHOUT THE YEAR. THE CHANNEL ALSO GENERATED APPROXIMATELY 18.9 MILLION...

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THE BEAT BY ALLEN PARR EXPERIENCED SIGNIFICANT DIGITAL GROWTH AND OUTREACH IN 2025, GAINING MORE THAN 74,000 NEW SUBSCRIBERS THROUGHOUT THE YEAR. THE CHANNEL ALSO GENERATED APPROXIMATELY 18.9 MILLION VIEWS, ALLOWING BIBLICAL TEACHING, APOLOGETICS CONTENT, AND DISCIPLESHIP RESOURCES TO REACH MILLIONS OF PEOPLE WORLDWIDE THROUGH FREE ONLINE CONTENT.

Program 2
Expenses: $144,801 Revenue: $30,555

IN 2025, LETS EQUIP CONTINUED EXPANDING ITS ONLINE DISCIPLESHIP AND BIBLICAL EDUCATION INITIATIVES THROUGH ITS FAITH SCHOOL AND BIBLE LAB COACHING PROGRAMS. A TOTAL OF 271 STUDENTS ENROLLED IN FAITH...

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IN 2025, LETS EQUIP CONTINUED EXPANDING ITS ONLINE DISCIPLESHIP AND BIBLICAL EDUCATION INITIATIVES THROUGH ITS FAITH SCHOOL AND BIBLE LAB COACHING PROGRAMS. A TOTAL OF 271 STUDENTS ENROLLED IN FAITH SCHOOL AND 306 STUDENTS PARTICIPATED IN BIBLE LAB, EQUIPPING HUNDREDS OF BELIVERS WITH PRACTICAL TRAINING IN SPIRITUAL GROWTH, BIBLE STUDY, THEOLOGY, APOLOGETICS, AND DISCIPLEMAKING.

Program 3
Expenses: $116 Revenue: $78,387

THROUGHOUT 2025, LETS EQUIP EXPANDED ITS REACH BY PROVIDING FREE BIBLICAL RESOURCES DESIGNED TO STRENGTHEN DISCIPLESHIP AND BIBLICAL LITERACY, INCLUDING WEBINARS, EBOOKS, AND ONLINE TEACHING CONTENT...

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THROUGHOUT 2025, LETS EQUIP EXPANDED ITS REACH BY PROVIDING FREE BIBLICAL RESOURCES DESIGNED TO STRENGTHEN DISCIPLESHIP AND BIBLICAL LITERACY, INCLUDING WEBINARS, EBOOKS, AND ONLINE TEACHING CONTENT ACCESSIBLE TO BELIEVERS AROUND THE WORLD. IN ADDITION, THE MINISTRY CONTINUED DEVELOPING LETS EQUIP ACADEMY, AN ONLINE EDUCATIONAL PLATFORM INTENDED TO PROVIDE COMPREHENSIVE BIBLICAL TRAINING AND DISCIPLESHIP RESOURCES TO HELP CHRISTIANS GROW SPIRITUALLY AND BECOME BETTER EQUIPPED FOR LIFE AND MINISTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $74,454
Program Service Revenue $153,157
Investment Income $0
Other Revenue $179,743
TOTAL REVENUE $407,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $290,425
Other Expenses $294,859
TOTAL EXPENSES $294,859

Year-over-Year Comparison

2025 2024 Change
Revenue $407,354 $357,453 +0.1%
Expenses $294,859 $303,527 0.0%
Net Income $112,495 $53,926 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN PARR DIRECTOR 40.00
Officer
$0 $0 $0
JENNIFER PARR DIRECTOR 30.00
Officer
$0 $0 $0
REGGIE HILLIARD DIRECTOR 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $407,354 $294,859 $362,009 $112,495
2024 $357,453 $303,527 $245,080 $53,926
2023 $462,342 $595,719 $191,154 $-133,377
2021 $559,817 $462,418 $240,375 $97,399
2020 $366,745 $227,794 $142,976 $138,951
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