Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
88th percentile
Higher net margin than 88% of similar nonprofits.
Top Officer Pay
46th percentile
Higher top officer pay than 46% of similar nonprofits.
Top officer pay equals 4.8% of source-year revenue.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
Assets
Up$2,278,632
Up $1,037,999 (+84%) from 2017
Net Assets
Up$897,561
Up $446,787 (+99%) from 2017
Liabilities
Up$1,381,071
Up $591,212 (+75%) from 2017
Revenue
Up$1,138,279
Up $648,497 (+132%) from 2017
Expenses
Up$691,492
Up $248,523 (+56%) from 2017
Net Income
Up$446,787
Up $399,974 (+854%) from 2017
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $477,325 | $627,776 | ▲ $150,451 |
| Cash and Non-Interest-Bearing Accounts | $156,022 | $385,032 | ▲ $229,010 |
| Land, Buildings, and Equipment, Net | $46,467 | $45,135 | ▼ $1,332 |
| Loans From Officers Directors | $10,300 | - | - |
| Prepaid Expenses and Deferred Charges | $5,150 | $2,113 | ▼ $3,037 |
| Total Assets | $1,240,633 | $2,278,632 | ▲ $1,037,999 |
| Other Assets Total | $555,669 | $1,218,576 | ▲ $662,907 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $496,296 | $923,142 | ▲ $426,846 |
| Deferred Revenue | $256,071 | $391,632 | ▲ $135,561 |
| Accounts Payable and Accrued Expenses | $27,192 | $66,297 | ▲ $39,105 |
| Total Liabilities | $789,859 | $1,381,071 | ▲ $591,212 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $399,374 | $839,161 | ▲ $439,787 |
| Temporarily Rstr Net Assets | $51,400 | $58,400 | ▲ $7,000 |
| Total Net Assets Fund Balance | $450,774 | $897,561 | ▲ $446,787 |
| Total Liabilities and Net Assets / Fund Balance | $1,240,633 | $2,278,632 | ▲ $1,037,999 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $34,527 | $7,701 | $42,228 |
| Equipment | $10,608 | $6,348 | $16,956 |
| Other Assets Org | $350 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Markus Larsson | Executive Di | FT | $55,000 | $55,000 |
| Name | Title |
|---|---|
| Kim Montroll | Board Chair |
| Olive Idehen | Board Member |
| Terry Flood | Board Member |
| James Quiros | Secretary |
| David B Wiley | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $351,808 |
| Salaries, Compensation, and Employee Benefits | $339,684 |
| Total Fundraising Expense | $51,486 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $209,050 | $11,541 | $10,219 | $230,810 |
| Current Officers, Directors, Trustees, and Key Employees | $46,750 | $2,750 | $5,500 | $55,000 |
| Other Employee Benefits | $26,635 | $1,488 | $1,637 | $29,760 |
| All Other Expenses | $22,069 | $2,945 | $1,079 | $26,093 |
| Payroll Taxes | $21,582 | $1,206 | $1,326 | $24,114 |
| Occupancy | $19,738 | $1,097 | $1,097 | $21,932 |
| Other Expenses | $5,197 | $306 | $612 | $6,115 |
| Insurance | $3,471 | $204 | $408 | $4,083 |
| Depreciation Depletion | $3,351 | $197 | $394 | $3,942 |
| Office Expenses | $1,088 | $453 | $273 | $1,814 |
| Travel | $1,523 | $89 | $179 | $1,791 |
| Interest | $307 | - | - | $307 |
| Total Functional Expenses | $591,310 | $48,696 | $51,486 | $691,492 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $691,492 |
| Total Expenses per Audited Statements | $691,492 |
| Total Expenses per Form 990 | $691,492 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $10,300 | - | - |
“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”
“AVAILABLE UPON REQUEST.”
“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.”
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 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 27192 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 66297 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 1042926 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 1079 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2945 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 22069 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 26093 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| 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 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 156022 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 385032 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 5500 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 2750 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 46750 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 55000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1042926 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 236 |
| IRS990/CYOtherExpensesAmt | 0 | 351808 |
| IRS990/CYOtherRevenueAmt | 0 | 8820 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 86297 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 446787 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 339684 |
| IRS990/CYTotalExpensesAmt | 0 | 691492 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 51486 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1138279 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 256071 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 391632 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 394 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 197 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 3351 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 3942 |
| IRS990/Desc | 0 | PROVIDED BUSINESS TRAINING TO OVER 2,000 LOW-INCOME ENTREPRENEURS DURING 2018; ORIGINATED 790 MICROLOANS TO LOW-INCOME ENTREPRENEURS DURING 2018 TO HELP THEM START/EXPAND THEIR OWN BUSINESSES. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 591310 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| 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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | 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 | DAVID B WILEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KIM MONTROLL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | OLIVE IDEHEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JAMES QUIROS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MARKUS LARSSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 55000 |
| 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 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | EXECUTIVE DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1138279 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 408 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 204 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3471 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4083 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 307 |
| IRS990/InterestGrp/TotalAmt | 0 | 307 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 236 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 236 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 14049 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 46467 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 45135 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 59184 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 10300 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 450774 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 897561 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 1097 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 1097 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 19738 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 21932 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 273 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 453 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 1088 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1814 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 555669 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1218576 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 1637 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 1488 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 26635 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 29760 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONSULTANTS & PROFESSIONA |
| IRS990/OtherExpensesGrp/Desc | 1 | LOAN AND PLEDGE WRITE OFF |
| IRS990/OtherExpensesGrp/Desc | 2 | TRAINING |
| IRS990/OtherExpensesGrp/Desc | 3 | PRINTING AND REPRODUCTION |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 28762 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 612 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 26420 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 306 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 129956 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 91942 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 8651 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5197 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 185138 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 91942 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8651 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 6115 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8820 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 8820 |
| IRS990/OtherRevenueTotalAmt | 0 | 8820 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 10219 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 11541 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 209050 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 230810 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1326 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1206 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 21582 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 24114 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 477325 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 627776 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 5150 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2113 |
| IRS990/PrincipalOfficerNm | 0 | MARKUS LARSSON |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LOAN ORIGINATION INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 43192 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 43105 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 43192 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 43105 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 451712 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 112 |
| IRS990/PYOtherExpensesAmt | 0 | 226283 |
| IRS990/PYOtherRevenueAmt | 0 | 3009 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 34949 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 46813 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 216686 |
| IRS990/PYTotalExpensesAmt | 0 | 442969 |
| IRS990/PYTotalRevenueAmt | 0 | 489782 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 446787 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISCELLANEOUS INCOME 13,889 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1042926 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 451712 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 344650 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 234177 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 142860 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2216325 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 236 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 112 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4453 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4593 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 784 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 10178 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 133075 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 8820 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3009 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 543 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1517 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 13889 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.98930 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.98950 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2216325 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 451712 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 344650 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 234177 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 142860 |
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| 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 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 10608 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 6348 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 16956 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 691492 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 34527 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 7701 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 42228 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1218226 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 350 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | LOAN RECEIVABLE - LOAN FUND |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | SECURITY DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1138279 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 45135 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1218576 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 691492 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1138279 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1138279 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 691492 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | DC |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 51400 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 58400 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1240633 |
| IRS990/TotalAssetsEOYAmt | 0 | 2278632 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1240633 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2278632 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1042926 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 51486 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 48696 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 591310 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 691492 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 789859 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1381071 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 789859 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1381071 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 450774 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 897561 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 591310 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 86297 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 55000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 236 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 95117 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1138279 |
| IRS990/TotalVolunteersCnt | 0 | 43 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1240633 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2278632 |
| IRS990/TravelGrp/FundraisingAmt | 0 | 179 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 89 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 1523 |
| IRS990/TravelGrp/TotalAmt | 0 | 1791 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 399374 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 839161 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 496296 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 923142 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2448 18TH STREET NW STE A |
| IRS990/USAddress/CityNm | 0 | WASHINGTON |
| IRS990/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/USAddress/ZIPCd | 0 | 20009 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | WWW.LIFEASSET.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2020-04-17 16:48:07Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARKUS LARSSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2027090652 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-10-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LIFE ASSET INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIFE |
| ReturnHeader/Filer/EIN | 0 | 454737489 |
| ReturnHeader/Filer/PhoneNum | 0 | 2027090652 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2448 18TH STREET NW STE A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WASHINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | DC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20009 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | F0F18893475A5D80C178EFE812102C80DE006AC2 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.