Civic Intelligence

Life Asset Inc.

990 • Fiscal year 2020 • EIN 45-4737489

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 08, 2021

Organization ProfileWWW.LIFEASSET.ORG
2448 18th Street NW Ste AWashington, DC 20009

(202) 709-0652

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.56x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

1.30x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$75,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

50%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$3,928,473

Up $910,646 (+30%) from 2019

Net Assets

Up

$1,745,821

Up $448,942 (+35%) from 2019

Liabilities

Up

$2,182,652

Up $461,704 (+27%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin79th percentile

Revenue

Up

$1,681,692

Up $560,544 (+50%) from 2019

Expenses

Up

$1,232,750

Up $510,920 (+71%) from 2019

Net Income

Up

$448,942

Up $49,624 (+12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2013: $470,703Liabilities 2013: $46,639Net Assets 2013: $424,0642013Assets 2014: $425,717Liabilities 2014: $8,533Net Assets 2014: $417,1842014Assets 2015: $425,474Liabilities 2015: $34,964Net Assets 2015: $390,5102015Assets 2016: $783,295Liabilities 2016: $379,334Net Assets 2016: $403,9612016Assets 2017: $1,240,633Liabilities 2017: $789,859Net Assets 2017: $450,7742017Assets 2018: $2,278,632Liabilities 2018: $1,381,071Net Assets 2018: $897,5612018Assets 2019: $3,017,827Liabilities 2019: $1,720,948Net Assets 2019: $1,296,8792019Assets 2020: $3,928,473Liabilities 2020: $2,182,652Net Assets 2020: $1,745,8212020Assets 2021: $6,492,765Liabilities 2021: $2,868,186Net Assets 2021: $3,624,5792021Assets 2022: $6,927,009Liabilities 2022: $2,234,048Net Assets 2022: $4,692,9612022Assets 2023: $9,442,411Liabilities 2023: $3,999,696Net Assets 2023: $5,442,7152023Assets 2024: $9,076,088Liabilities 2024: $3,271,243Net Assets 2024: $5,804,8452024

Highlighted filing

2020

Assets$3,928,473
Liabilities$2,182,652
Net Assets$1,745,821
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $278,895Expenses 2013: $106,109Net Income 2013: $172,7862013Revenue 2014: $145,355Expenses 2014: $152,235Net Income 2014: -$6,8802014Revenue 2015: $251,415Expenses 2015: $278,089Net Income 2015: -$26,6742015Revenue 2016: $363,264Expenses 2016: $349,813Net Income 2016: $13,4512016Revenue 2017: $489,782Expenses 2017: $442,969Net Income 2017: $46,8132017Revenue 2018: $1,138,279Expenses 2018: $691,492Net Income 2018: $446,7872018Revenue 2019: $1,121,148Expenses 2019: $721,830Net Income 2019: $399,3182019Revenue 2020: $1,681,692Expenses 2020: $1,232,750Net Income 2020: $448,9422020Revenue 2021: $2,953,313Expenses 2021: $1,074,555Net Income 2021: $1,878,7582021Revenue 2022: $2,370,179Expenses 2022: $1,301,797Net Income 2022: $1,068,3822022Revenue 2023: $2,086,765Expenses 2023: $1,337,011Net Income 2023: $749,7542023Revenue 2024: $1,641,020Expenses 2024: $1,278,890Net Income 2024: $362,1302024

Highlighted filing

2020

Revenue$1,681,692
Expenses$1,232,750
Net Income$448,942
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 8, 2021
Return Version
2020v4.0
Gross Receipts
$1,681,692
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$408,713$1,901,257▲ $1,492,544
Pledges and Grants Receivable$723,669$820,519▲ $96,850
Land, Buildings, and Equipment, Net$40,672$42,075▲ $1,403
Prepaid Expenses and Deferred Charges$6,508$7,567▲ $1,059
Total Assets$3,017,827$3,928,473▲ $910,646
Other Assets Total$1,838,265$1,157,055▼ $681,210
Liabilities
Unsecured Notes Loans Payable$1,259,814$1,098,028▼ $161,786
Deferred Revenue$440,116$1,061,024▲ $620,908
Accounts Payable and Accrued Expenses$21,018$23,600▲ $2,582
Total Liabilities$1,720,948$2,182,652▲ $461,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,212,139$1,725,821▲ $513,682
Net Assets With Donor Restrictions$84,740$20,000▼ $64,740
Total Net Assets Fund Balance$1,296,879$1,745,821▲ $448,942
Total Liabilities and Net Assets / Fund Balance$3,017,827$3,928,473▲ $910,646

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$33,119$9,109$42,228
Equipment$8,956$15,008$23,964
Other Assets Org$350--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Markus LarssonExecutive DiFT$75,000$75,000

Board Members and Trustees

NameTitle
Olive IdehenBoard Chair
Alfonso PearsonDirector
Steven PearlmanDirector
Jaime QuirosSecretary
Terry FloodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,559,666
Program Service Revenue
$121,266
Investment Income
$347
Other Revenue
$413
All Other Contributions
$307,345
Change in Net Assets
$448,942

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,681,692
Total Revenue per Audited Statements
$1,681,692
Total Revenue per Form 990
$1,681,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$716,711
Salaries, Compensation, and Employee Benefits$456,301
Total Fundraising Expense$72,874
Grants and Similar Amounts Paid$59,738
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,112$15,125$13,263$302,500
Current Officers, Directors, Trustees, and Key Employees$63,750$3,750$7,500$75,000
Grants to Domestic Individuals$59,738--$59,738
Other Expenses$50,000$75,050$43,618$50,000
Other Employee Benefits$34,335$1,918$2,110$38,363
Payroll Taxes$29,296$1,637$1,800$32,733
All Other Expenses$23,413$5,320$1,078$29,811
Occupancy$19,098$1,061$1,061$21,220
Office Expenses$6,122$1,176$1,022$8,320
Pension Plan Contributions$6,896$385$424$7,705
Depreciation Depletion$4,764$280$560$5,604
Insurance$3,719$219$438$4,376
Interest$4,297--$4,297
Information Technology$3,019--$3,019
Total Functional Expenses$979,981$179,895$72,874$1,232,750

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,232,750
Total Expenses per Audited Statements$1,232,750
Total Expenses per Form 990$1,232,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The various board members receive an electronic version of the tax return before its filed and is voted on accordingly for its acceptance.”

Form 990, Page 6, Part VI, Line 12C

“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”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Life Asset Inc
EIN
45-4737489
Phone
2027090652
Address
2448 18TH STREET NW STE A, WASHINGTON, DC 20009

Signing Officer

Name
Markus Larsson
Title
Executive Director
Phone
2027090652
Signed
2021-07-08

Organization Details

Principal Officer
Markus Larsson
Formed
2011
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
15

Preparer

Firm
FARMER & FIRST PC CPA'S
Address
6 STATE ST, WARREN, RI 02885-3120
Preparer
Robert First CPA
Phone
4012471040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07567
IRS990/PrincipalOfficerNm0MARKUS LARSSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN ORIGINATION INCOME
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt080679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134587
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0985286
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0374
IRS990/PYOtherExpensesAmt0327921
IRS990/PYOtherRevenueAmt02110
IRS990/PYProgramServiceRevenueAmt0133378
IRS990/PYRevenuesLessExpensesAmt0399318
IRS990/PYSalariesCompEmpBnftPaidAmt0393909
IRS990/PYTotalExpensesAmt0721830
IRS990/PYTotalRevenueAmt01121148
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0448942
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 14,895
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01559666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0985286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01042926
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0451712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0344650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04384240
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0374
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04453
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05522
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0390242
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0413
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02110
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03009
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0543
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014895
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99540
IRS990ScheduleA/PublicSupportPY170Pct00.99160
IRS990ScheduleA/PublicSupportTotal170Amt04384240
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01559666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0985286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01042926
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0451712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0344650
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04384240
IRS990ScheduleA/TotalSupportAmt04404657
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt08956
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023964
IRS990ScheduleD/ExpensesSubtotalAmt01232750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033119
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09109
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt042228
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01156705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1350
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN RECEIVABLE - LOAN FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01681692
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042075
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01157055
IRS990ScheduleD/TotalExpensesPerForm990Amt01232750
IRS990ScheduleD/TotalRevenuePerForm990Amt01681692
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01681692
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01232750
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt059738
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COVID RELIEF GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt039
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE VARIOUS BOARD MEMBERS RECEIVE AN ELECTRONIC VERSION OF THE TAX RETURN BEFORE ITS FILED AND IS VOTED ON ACCORDINGLY FOR ITS ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03017827
IRS990/TotalAssetsEOYAmt03928473
IRS990/TotalAssetsGrp/BOYAmt03017827
IRS990/TotalAssetsGrp/EOYAmt03928473
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01559666
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt072874
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0179895
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0979981
IRS990/TotalFunctionalExpensesGrp/TotalAmt01232750
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01720948
IRS990/TotalLiabilitiesEOYAmt02182652
IRS990/TotalLiabilitiesGrp/BOYAmt01720948
IRS990/TotalLiabilitiesGrp/EOYAmt02182652
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01296879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01745821
IRS990/TotalProgramServiceExpensesAmt0979981
IRS990/TotalProgramServiceRevenueAmt0121266
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/ExclusionAmt0347
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0121679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01681692
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03017827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03928473
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01259814
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01098028
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02448 18TH STREET NW STE A
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020009
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LIFEASSET.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARKUS LARSSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02027090652

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,928,473
Liabilities
$2,182,652
Net assets
$1,745,821
Revenue
$1,681,692
Expenses
$1,232,750
Net income
$448,942
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.08$3.27$5.80$1.64$1.28$0.36
2023Detailed filing. Detailed filing data is available for this year.$9.44$4.00$5.44$2.09$1.34$0.75
2022Detailed filing. Detailed filing data is available for this year.$6.93$2.23$4.69$2.37$1.30$1.07
2021Detailed filing. Detailed filing data is available for this year.$6.49$2.87$3.62$2.95$1.07$1.88
2020Detailed filing. Detailed filing data is available for this year.$3.93$2.18$1.75$1.68$1.23$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.02$1.72$1.30$1.12$0.72$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.28$1.38$0.90$1.14$0.69$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.79$0.45$0.49$0.44$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.38$0.40$0.36$0.35$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.03$0.39$0.25$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$0.15$0.15$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.05$0.42$0.28$0.11$0.17