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
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
58th percentile
Higher top officer pay than 58% of similar nonprofits.
Top officer pay equals 7.1% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
35th percentile
Faster revenue growth than 35% of similar nonprofits.
Assets
Up$3,017,827
Up $739,195 (+32%) from 2018
Net Assets
Up$1,296,879
Up $399,318 (+44%) from 2018
Liabilities
Up$1,720,948
Up $339,877 (+25%) from 2018
Revenue
Down$1,121,148
Down $17,131 (-1.5%) from 2018
Expenses
Up$721,830
Up $30,338 (+4.4%) from 2018
Net Income
Down$399,318
Down $47,469 (-11%) from 2018
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 | $627,776 | $723,669 | ▲ $95,893 |
| Cash and Non-Interest-Bearing Accounts | $385,032 | $408,713 | ▲ $23,681 |
| Land, Buildings, and Equipment, Net | $45,135 | $40,672 | ▼ $4,463 |
| Prepaid Expenses and Deferred Charges | $2,113 | $6,508 | ▲ $4,395 |
| Total Assets | $2,278,632 | $3,017,827 | ▲ $739,195 |
| Other Assets Total | $1,218,576 | $1,838,265 | ▲ $619,689 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $923,142 | $1,259,814 | ▲ $336,672 |
| Deferred Revenue | $391,632 | $440,116 | ▲ $48,484 |
| Accounts Payable and Accrued Expenses | $66,297 | $21,018 | ▼ $45,279 |
| Total Liabilities | $1,381,071 | $1,720,948 | ▲ $339,877 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $839,161 | $1,212,139 | ▲ $372,978 |
| Net Assets With Donor Restrictions | $58,400 | $84,740 | ▲ $26,340 |
| Total Net Assets Fund Balance | $897,561 | $1,296,879 | ▲ $399,318 |
| Total Liabilities and Net Assets / Fund Balance | $2,278,632 | $3,017,827 | ▲ $739,195 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $33,119 | $9,109 | $42,228 |
| Equipment | $7,553 | $9,403 | $16,956 |
| Other Assets Org | $350 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Markus Larsson | Executive Di | FT | $79,600 | $79,600 |
| Name | Title |
|---|---|
| Olive Idehen | Board Chair |
| Alfonso Pearson | Director |
| Steven Pearlman | Director |
| James Quiros | Secretary |
| Terry Flood | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $393,909 |
| Other Expenses | $327,921 |
| Total Fundraising Expense | $58,181 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $227,958 | $12,535 | $10,207 | $250,700 |
| Current Officers, Directors, Trustees, and Key Employees | $67,660 | $3,980 | $7,960 | $79,600 |
| Payroll Taxes | $27,461 | $1,534 | $1,688 | $30,683 |
| All Other Expenses | $22,642 | $3,954 | $1,204 | $27,800 |
| Other Employee Benefits | $23,852 | $1,332 | $1,466 | $26,650 |
| Occupancy | $17,944 | $997 | $997 | $19,938 |
| Other Expenses | $7,344 | $28,860 | $32,444 | $7,344 |
| Pension Plan Contributions | $5,617 | $314 | $345 | $6,276 |
| Office Expenses | $2,954 | $1,231 | $738 | $4,923 |
| Depreciation Depletion | $3,794 | $223 | $446 | $4,463 |
| Insurance | $3,770 | $222 | $443 | $4,435 |
| Information Technology | $2,487 | - | - | $2,487 |
| Travel | $2,061 | $121 | $243 | $2,425 |
| Interest | $2,332 | - | - | $2,332 |
| Total Functional Expenses | $608,346 | $55,303 | $58,181 | $721,830 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $721,830 |
| Total Expenses per Audited Statements | $721,830 |
| Total Expenses per Form 990 | $721,830 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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 | 66297 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 21018 |
| 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 | 270785 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 1204 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3954 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 22642 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 27800 |
| 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/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 385032 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 408713 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 7960 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 3980 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 67660 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 79600 |
| 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 | 985286 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 374 |
| IRS990/CYOtherExpensesAmt | 0 | 327921 |
| IRS990/CYOtherRevenueAmt | 0 | 2110 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 133378 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 399318 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 393909 |
| IRS990/CYTotalExpensesAmt | 0 | 721830 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 58181 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1121148 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 391632 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 440116 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 446 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 223 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 3794 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4463 |
| IRS990/Desc | 0 | PROVIDED BUSINESS TRAINING TO OVER 2,400 LOW-INCOME ENTREPRENEURS DURING 2019; ORIGINATED 911 MICROLOANS TO LOW-INCOME ENTREPRENEURS DURING 2019 WITH A TOTAL OF 1248 ACTIVE LOANS AS OF DECEMBER 31, 2019 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/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 58400 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 84740 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 608346 |
| 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 | 40.00 |
| 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 | 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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | 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 | MARKUS LARSSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TERRY FLOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | OLIVE IDEHEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | STEVEN PEARLMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALFONSO PEARSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JAMES QUIROS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 79600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| 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 | EXECUTIVE DI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY |
| 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/GovernmentGrantsAmt | 0 | 714501 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1121148 |
| 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/InformationTechnologyGrp/ProgramServicesAmt | 0 | 2487 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 2487 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 443 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 222 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3770 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4435 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2332 |
| IRS990/InterestGrp/TotalAmt | 0 | 2332 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 374 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 374 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 29 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 18512 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 45135 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 40672 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 59184 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LoanOutstandingInd | 0 | false |
| 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 | 897561 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1296879 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 839161 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1212139 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 997 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 997 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 17944 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 19938 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 738 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1231 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2954 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4923 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1218576 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1838265 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 1466 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 1332 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 23852 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 26650 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONSULTANTS & PROFESSIONA |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBTS |
| IRS990/OtherExpensesGrp/Desc | 2 | BANK AND MERCHANT FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | TRAINING |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 32444 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 28860 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 107967 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 71244 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 11259 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 7344 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 169271 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 71244 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 11259 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7344 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2110 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 2110 |
| IRS990/OtherRevenueTotalAmt | 0 | 2110 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 10207 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 12535 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 227958 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 250700 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1688 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1534 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 27461 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 30683 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 345 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 314 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 5617 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 6276 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 627776 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 723669 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2113 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6508 |
| 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 | 80510 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 52868 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 80510 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 52868 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1042926 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 236 |
| IRS990/PYOtherExpensesAmt | 0 | 351808 |
| IRS990/PYOtherRevenueAmt | 0 | 8820 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 86297 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 446787 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 339684 |
| IRS990/PYTotalExpensesAmt | 0 | 691492 |
| IRS990/PYTotalRevenueAmt | 0 | 1138279 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 399318 |
| 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 15,999 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 985286 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1042926 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 451712 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 344650 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 234177 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3058751 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 374 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 236 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 112 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4453 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4593 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 9768 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 268563 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 2110 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8820 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3009 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 543 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1517 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 15999 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99160 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.98930 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3058751 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 985286 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1042926 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 451712 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 344650 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 234177 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3058751 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3084518 |
| 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 | 7553 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 9403 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 16956 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 721830 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 33119 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 9109 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 42228 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1837915 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 350 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | LOAN RECEIVABLE - LOAN FUND |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | SECURITY DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1121148 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 40672 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1838265 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 721830 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1121148 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1121148 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 721830 |
| 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 |
| IRS990/SchoolOperatingInd | 0 | false |
| 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/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 2278632 |
| IRS990/TotalAssetsEOYAmt | 0 | 3017827 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2278632 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3017827 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 985286 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 58181 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 55303 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 608346 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 721830 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1381071 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1720948 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1381071 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1720948 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 897561 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1296879 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 608346 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 133378 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 79600 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 374 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 135488 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1121148 |
| IRS990/TotalVolunteersCnt | 0 | 45 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2278632 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3017827 |
| IRS990/TravelGrp/FundraisingAmt | 0 | 243 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 121 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 2061 |
| IRS990/TravelGrp/TotalAmt | 0 | 2425 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 923142 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 1259814 |
| 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 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARKUS LARSSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2027090652 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-13 |
| 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 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.