The Board of Directors of Equip the Nations, Inc. has authorized the deduction of 8% of each donation received to be used for overhead expenses. However, we have not yet made these overhead deductions because there are a few donors that give specifically for overhead expenses. Our overhead in 2012 was 7.35% of donations. We pay no salaries, but we do have expenses of postage, wire fees, ink, paper, office equipment, phone, internet, and tax preparation fees. Whenever an electronic donation is made, there is a small fee from the credit card companies. This also is part of the overhead. There may come a day when we will need to deduct overhead expense from donations, but for now, we do not.
