Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Liabilities / Revenue
84th percentile
Higher debt load relative to revenue than 84% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 19.1% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Assets
Down$425,474
Down $243 (-0.1%) from 2014
Net Assets
Down$390,510
Down $26,674 (-6.4%) from 2014
Liabilities
Up$34,964
Up $26,431 (+310%) from 2014
Revenue
Up$251,415
Up $106,060 (+73%) from 2014
Expenses
Up$278,089
Up $125,854 (+83%) from 2014
Net Income
Down-$26,674
Down $19,794 (-288%) from 2014
The mission of life asset is to help alleviate poverty in the greater washington, dc area, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self- respect and expanding social and economic opportunities for lower income residents.
The mission of Life Asset is to help alleviate poverty in Washington, DC, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for lower income residents.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $137,250 | $155,356 | ▲ $18,106 |
| Cash and Non-Interest-Bearing Accounts | $200,664 | $123,167 | ▼ $77,497 |
| Land, Buildings, and Equipment, Net | $46,923 | $44,677 | ▼ $2,246 |
| Prepaid Expenses and Deferred Charges | $2,563 | $590 | ▼ $1,973 |
| Accounts Receivable | $2,663 | $158 | ▼ $2,505 |
| Total Assets | $425,717 | $425,474 | ▼ $243 |
| Other Assets Total | $35,654 | $101,526 | ▲ $65,872 |
| Liabilities | |||
| Other Liabilities | $0 | $31,565 | ▲ $31,565 |
| Accounts Payable and Accrued Expenses | $8,533 | $3,399 | ▼ $5,134 |
| Total Liabilities | $8,533 | $34,964 | ▲ $26,431 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $390,518 | $377,177 | ▼ $13,341 |
| Temporarily Rstr Net Assets | $26,666 | $13,333 | ▼ $13,333 |
| Total Net Assets Fund Balance | $417,184 | $390,510 | ▼ $26,674 |
| Total Liabilities and Net Assets / Fund Balance | $425,717 | $425,474 | ▼ $243 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $38,809 | $3,419 | $42,228 |
| Equipment | $5,868 | - | $5,868 |
| Other Assets Org | $101,526 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Markus Larsson | Executive Director | FT | $48,000 | $48,000 |
| Name | Title |
|---|---|
| Kim Montroll | Chairperson |
| Michael Little | Director |
| James Knight | Executive Director |
| Rebecca J Stelle | Secretary |
| Terry Flood | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $224,556 |
| Salaries, Compensation, and Employee Benefits | $53,533 |
| Total Fundraising Expense | $28,251 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $40,800 | $2,400 | $4,800 | $48,000 |
| Occupancy | $11,820 | $657 | $657 | $13,134 |
| All Other Expenses | $2,987 | $4,111 | $748 | $7,846 |
| Payroll Taxes | $3,344 | $196 | $393 | $3,933 |
| Insurance | $2,433 | $143 | $286 | $2,862 |
| Other Expenses | $2,390 | $141 | $281 | $2,812 |
| Depreciation Depletion | $1,909 | $112 | $225 | $2,246 |
| Other Employee Benefits | $1,360 | $80 | $160 | $1,600 |
| Office Expenses | $572 | $239 | $143 | $954 |
| Total Functional Expenses | $221,500 | $28,338 | $28,251 | $278,089 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $278,089 |
| Total Expenses per Audited Statements | $278,089 |
| Total Expenses per Form 990 | $278,089 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| James Knight | Board member of Life Assets and Executive Director, Jubilee Housing, Inc. | Life Assets rents from Jubilee Housing, Inc its office space beginning 2014. | No | $12,000 |
| Markus Larsson | - | - | No | - |
| Liability | Amount |
|---|---|
| Loans payable | $30,300 |
| Credit building loan program | $1,265 |
“Various board members are on the same boards of other non-profit organizations in Washington, DC.”
“The various board members receive an electronic version of the tax return before its filed and is voted on accordingly for its acceptance.”
“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”
“Available upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 8533 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3399 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2663 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 158 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | The mission of Life Asset is to help alleviate poverty in Washington, DC, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for lower income residents. |
| IRS990/AllOtherContributionsAmt | 0 | 234177 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 748 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 4111 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 2987 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 7846 |
| IRS990/AmendedReturnInd | 0 | X |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Meredith Haussler |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3016218520 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1705 Cattail Meadows Drive |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Woodbine |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21797 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 1 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 1 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 200664 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 123167 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 4800 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 2400 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 40800 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 48000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 234177 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3 |
| IRS990/CYOtherExpensesAmt | 0 | 224556 |
| IRS990/CYOtherRevenueAmt | 0 | 6107 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 11128 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -26674 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 53533 |
| IRS990/CYTotalExpensesAmt | 0 | 278089 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 28251 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 251415 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 225 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 112 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1909 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2246 |
| IRS990/Desc | 0 | Provided business training to over 300 low-income entrepreneurs during 2015;Originated 100 microloans to low-income entrepreneurs during 2015 to help them start/expand their own business;Continued the work of starting a low-income credit union. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 221500 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Terry Flood |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | James Knight |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Markus Larsson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Michael Little |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Kim Montroll |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Rebecca J Stelle |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 48000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Executive Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Executive Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Secretary |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 251415 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 4590 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 286 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 143 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 2433 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2862 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 3 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 7 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3419 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 46923 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 44677 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 48096 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The mission of Life Asset is to help alleviate poverty in Washington, DC, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for lower income residents. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 417184 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 390510 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4590 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 4590 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 657 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 657 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 11820 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 13134 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 143 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 239 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 572 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 954 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 35654 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 101526 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 160 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 80 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 1360 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1600 |
| IRS990/OtherExpensesGrp/Desc | 0 | Consultants & Professio |
| IRS990/OtherExpensesGrp/Desc | 1 | Bad Debts- Loans |
| IRS990/OtherExpensesGrp/Desc | 2 | Forgivable loans |
| IRS990/OtherExpensesGrp/Desc | 3 | Dues and subscriptions |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 20558 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 281 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 20259 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 141 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 144800 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5823 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 3262 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2390 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 185617 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5823 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 3262 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2812 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 31565 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous Income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1517 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1517 |
| IRS990/OtherRevenueTotalAmt | 0 | 1517 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 393 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 196 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 3344 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 3933 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 137250 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 155356 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2563 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 590 |
| IRS990/PrincipalOfficerNm | 0 | Markus Larsson |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Loan Origination incom |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Loan interest income |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Program Income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7169 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 3514 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 445 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7169 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 3514 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 445 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 142860 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -135 |
| IRS990/PYOtherExpensesAmt | 0 | 100332 |
| IRS990/PYOtherRevenueAmt | 0 | 771 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1859 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -6880 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 51903 |
| IRS990/PYTotalExpensesAmt | 0 | 152235 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 145355 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -26674 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 4590 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 234177 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 142860 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 245411 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 202680 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 825128 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 4593 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 784 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 5410 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 14369 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 1517 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 1517 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99170 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99860 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 825128 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 234177 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 142860 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 245411 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 202680 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 825128 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 832055 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5868 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5868 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 278089 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 38809 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3419 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 42228 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 101526 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Loans receivable - Loan fund |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1265 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 30300 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Credit building loan program |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Loans payable |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 251415 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 44677 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 101526 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 278089 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 31565 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 251415 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 251415 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 278089 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | James Knight |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | Markus Larsson |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | Board member of Life Assets and Executive Director, Jubilee Housing, Inc. |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 1 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 12000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | Life Assets rents from Jubilee Housing, Inc its office space beginning 2014. |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Various board members are on the same boards of other non-profit organizations in Washington, DC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The various board members receive an electronic version of the tax return before its filed and is voted on accordingly for its acceptance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | DC |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 26666 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 13333 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 425717 |
| IRS990/TotalAssetsEOYAmt | 0 | 425474 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 425717 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 425474 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 234177 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 28251 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 28338 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 221500 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 278089 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 8533 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 34964 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 8533 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 34964 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 417184 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 390510 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 221500 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 11128 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 48000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 3 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 17235 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 251415 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 12 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 425717 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 425474 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 390518 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 377177 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2448 18th Street NW |
| IRS990/USAddress/CityNm | 0 | Washington |
| IRS990/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/USAddress/ZIPCd | 0 | 20009 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | www.lifeasset.org |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Markus Larsson |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2027090652 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-02-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Life Asset Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIFE |
| ReturnHeader/Filer/EIN | 0 | 454737489 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.