Equipnet 
The information on this page was last updated 9/12/2023. If you see errors or omissions, please email: [email protected]
Summary
EquipNet is deeply involved in undergirding the work of over 500 missionaries working in Kingdom Advancing activities among indigenous leaders through ministry partnerships with 30 different mission mobilization organizations and many independent indigenously led ministries. EquipNet Missionaries are implementing a broad range of ministries from traditional evangelism, leadership development, church planting, Compassion and Mercy Ministries as well as community development, Anti-Human Trafficking and Rescue to Bible Translation and Literacy.
Contact information
Mailing address:
P.O. Box 860
Alamo, CA 94507
Website: equipnet.org
Phone: 925-478-4320
Email: [email protected]
Organization details
EIN: 943359561
CEO/President: Robert Norsworthy
Chairman: Robert Norsworthy
Board size: 5
Founder: Robert Norsworthy
Ruling year: 2001
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
We are a team of seasoned leaders who use their God given resources to empower innovators, who specialize in developing and unleashing Christian transformation through Business, Government, Education, Science and Technology, Arts & Communication, the Family the Local Church and Missions.
Convinced that the world is changed by dreamers and visionaries, EquipNet serves humanity through its commitment to leverage its financial, relational, intellectual and spiritual capital in ways that unlock the creative potential in key individuals and organizations.
Mission statement
Equipnet exists to advance the Kingdom of God in the Nations, by empowering Missionary Leaders, Sending Churches, Indigenous Mission Organizations and leveraged projects, that have the capacity to bring the Gospel and Christian transformation to people in various formative spheres of a society.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
We believe that God is the sole creator, sustainer, and ruler of all things, infinitely perfect, all-powerful, omniscient, omnipresent, and eternally existing as a Trinity... One God in three equal persons: Father, Son and Holy Spirit.
We believe that Jesus Christ is God's only begotten Son, eternally co-equal and inseparable with the Father and the Holy Spirit; that even though He is Almighty God, Christ Jesus took upon himself a human form, being conceived by the Holy Spirit; born of the Virgin Mary; that he lived a sinless life; willingly and totally took all of man's sins upon himself; that in accordance with the scriptures, He suffered and died as a sacrifice and full substitution for all of mankind's sins; and that He rose again bodily from the dead. Afterward, He ascended into Heaven where He sits at the Father's right hand, acting as our advocate and High Priest. He will bodily come again to the Earth to reign in Glory on David's throne as Israel's Messiah and afterward judge the living and the dead, and to raise believers to eternal life while casting unbelievers into Hell and eternal separation from God.
We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.
We believe that all who believe are born-again into eternal life and comprise the Body of Christ and His universal church on earth. Each believer is baptized in the Holy Spirit and that our mission is to evangelize and preach the Gospel to all people.
We believe in the present ministry of the Holy Spirit and that the Holy Spirit convicts the world of sin and that He alone converts people to salvation in Christ. That he sanctifies believers and dwells within their hearts, empowering them to lead Christ-like lives. That the Holy Spirit also endows us with individual spiritual gifts with which to serve the church and reach out to the unsaved.
We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 10 of 1118 | 1 of 141 |
| Fund acquisition rating | | 64 of 1119 | 1 of 141 |
| Resource allocation rating | | 63 of 1119 | 4 of 141 |
| Asset utilization rating | | 67 of 1118 | 7 of 141 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 100% | 100% | 100% | 100% | 98% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 0% | 0% | 0% | 0% | 2% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 98% | 99% | 98% | 98% | 97% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 99% | 94% | 100% | 100% | 97% |
Program output ratio Program output ratio = Program services / Total revenue | 84% | 97% | 93% | 99% | 98% | 94% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 1% | 6% | 0% | 0% | 3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 14% | 51% | -2% | 1% | 20% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 2% | 1% | 2% | 2% | 3% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.34 | 6.75 | 6.65 | 11.57 | 8.66 | 6.69 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.27 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.17 | 6.76 | 6.66 | 11.61 | 8.69 | 6.72 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.10 | 1.78 | 1.80 | 1.03 | 1.38 | 1.79 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 30% | 20% | 6% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 68% | 10% | 12% | 8% | 12% | 15% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,145,763 | $868,788 | $356,532 | $343,683 | $339,657 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $1,307 | $1,307 | $1,307 | $1,307 | $1,307 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,147,070 | $870,095 | $357,839 | $344,990 | $340,964 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,218 | $1,218 | $1,218 | $1,218 | $1,218 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $1,218 | $1,218 | $1,218 | $1,218 | $1,218 |
| Total assets | $1,148,288 | $871,313 | $359,057 | $346,208 | $342,182 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $344,645 | $176,778 | $20,833 | $0 | $0 |
| Total long-term liabilities | $344,645 | $176,778 | $20,833 | $0 | $0 |
| Total liabilities | $344,645 | $176,778 | $20,833 | $0 | $0 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $803,643 | $694,535 | $338,224 | $346,208 | $342,182 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $803,643 | $694,535 | $338,224 | $346,208 | $342,182 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $7,861,147 | $6,133,423 | $4,147,883 | $3,002,371 | $2,321,981 |
| Program service revenue | $0 | $0 | $0 | $0 | $37,717 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $20,833 | $24 | $0 | $0 |
| Total other revenue | $0 | $20,833 | $24 | $0 | $37,717 |
| Total revenue | $7,861,147 | $6,154,256 | $4,147,907 | $3,002,371 | $2,359,698 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $7,612,571 | $5,711,640 | $4,092,267 | $2,940,812 | $2,219,274 |
| Management and general | $139,468 | $86,515 | $63,624 | $57,674 | $71,632 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $7,752,039 | $5,798,155 | $4,155,891 | $2,998,486 | $2,290,906 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $109,108 | $356,101 | ($7,984) | $3,885 | $68,792 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $109,108 | $356,101 | ($7,984) | $3,885 | $68,792 |
Compensation
| Name | Title | Compensation |
| Robert Norsworthy | President & CEO | $192,249 |
| Elbert Paul | Secretary | $121,250 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/12/2023. To update the information below, please email: [email protected]
History
From its inception, EquipNet has been driven by the passion to see God's name be famous in all the earth and to see the Kingdom of God advanced and established especially among the 2 billion people who still comprise the least reached in our world.
In early 2000, our founders began EquipNet, alongside a private foundation that was an incubator for Kingdom projects and ministry start-ups. EquipNet aimed to be a catalyst for funding to flow from individuals, couples, local churches, major donors, foundations and kingdom businesses, to Indigenous Leaders in other Nations as well as Missionaries called by God to GO and to transform their world.
EquipNet's key founder Bob Norsworthy, a 40-year career Missionary / Entrepreneur and Missiologist, saw a sea change beginning to take place in the traditional missions model. The traditional route to missions was going to seminary for three years, joining a sending agency, a lengthy period of deputation and being sent to be a part of a team. Bob saw this model was beginning to give way to many being called by God and sent to the field directly by a sending church or missional community to either pioneer and birth new works or join with an established indigenous team of ministry leaders in another nation or here in the USA.
EquipNet was formed to provide the services and to undergird the burgeoning virtual army of independent missionaries seeking to go to the field. These were missionaries with good and strong accountability structures, training and experience, already in place, but lacking the services and donor care and processing structures provided by older traditional sending agencies.
EquipNet found immediate eagerness to affiliate, on the part of many such missionaries and their churches, who wanted to more deeply live out their Local Church prerogative and mandate to send, but who did not have the capacity or desire to carry out the donor processing and donor services component of the sending and missionary care process.
Having collectively spent decades in the missionary fundraising world raising, both personal and project support, the EquipNet Team has built a very robust and cutting edge technology platform that serves both missionaries and churches. We provide all the logistical back end support to both the missionary and their donors that is typically provided by traditional sending agencies.
Because all EquipNet Missionaries are deeply vetted and already have their accountability and member care needs met by their local sending church, an advisory board or an existing ministry they are joining, EquipNet is able to keep our cost to the missionary and the donor one of the lowest available. We do not and will never grow an expensive infrastructure regionally around the world to manage missionaries and programs. Heavy home office personnel costs are the primary reason why most Christian non-profit organizations have admin fees ranging from 12% to sometimes 21%. We are proud of the fact that EquipNet has kept its administrative fee at 5% for nearly twenty years. Our goal is for as much of every missions dollar given, to make it to the missionary and the mission field where the ministry impact is actually taking place.
Our heart is for individuals and couples to hear the call of God, listen, obey and GO!
EquipNet is able to lift the burdens of administration, legal and tax issues off of the missionary and provide a reliable, stable and trustworthy partnership that helps missionaries care and love their donors and the ability to be free to focus on the primary ministry they have been called to accomplish.
We are grateful for the Lord's blessing and anointing over the years on our organization. We have now grown from serving a handful of indigenous partners, to serving over 750 missionaries, and 35 smaller mission organizations and over 25,000 donors around the world.