Civic Intelligence

Ascent for Life Inc.

990 • Fiscal year 2018 • EIN 47-1660459

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 13, 2019

1541 N Jefferson StMilwaukee, WI 53202

(414) 350-6064

Siviq Scores

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

Liabilities / Assets

91st percentile

0.64x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

49th percentile

2.7%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$35,350

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-30%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$32,723

Down $19,455 (-37%) from 2017

Net Assets

Up

$11,752

Up $7,370 (+168%) from 2017

Liabilities

Down

$20,971

Down $26,825 (-56%) from 2017

Revenue

Down

$269,279

Down $113,207 (-30%) from 2017

Expenses

Down

$261,909

Down $129,848 (-33%) from 2017

Net Income

Up

$7,370

Up $16,641 (+179%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2016: $15,907Liabilities 2016: $8,433Net Assets 2016: $7,4742016Assets 2017: $52,178Liabilities 2017: $47,796Net Assets 2017: $4,3822017Assets 2018: $32,723Liabilities 2018: $20,971Net Assets 2018: $11,7522018Assets 2019: $48,602Liabilities 2019: $39,334Net Assets 2019: $9,2682019Assets 2020: $48,214Liabilities 2020: $33,360Net Assets 2020: $14,8542020Assets 2021: $45,727Liabilities 2021: $32,736Net Assets 2021: $12,9912021Assets 2022: $25,971Liabilities 2022: $23,277Net Assets 2022: $2,6942022Assets 2023: $31,728Liabilities 2023: $40,290Net Assets 2023: -$8,5622023Assets 2024: $25,669Liabilities 2024: $66,827Net Assets 2024: -$41,1582024

Highlighted filing

2018

Assets$32,723
Liabilities$20,971
Net Assets$11,752

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $165,413Expenses 2016: $157,939Net Income 2016: $7,4742016Revenue 2017: $382,486Expenses 2017: $391,757Net Income 2017: -$9,2712017Revenue 2018: $269,279Expenses 2018: $261,909Net Income 2018: $7,3702018Revenue 2019: $68,770Expenses 2019: $71,254Net Income 2019: -$2,4842019Revenue 2020: $168,753Expenses 2020: $165,181Net Income 2020: $3,5722020Revenue 2021: $287,333Expenses 2021: $289,197Net Income 2021: -$1,8642021Revenue 2022: $205,764Expenses 2022: $216,061Net Income 2022: -$10,2972022Revenue 2023: $173,691Expenses 2023: $184,947Net Income 2023: -$11,2562023Revenue 2024: $159,906Expenses 2024: $192,502Net Income 2024: -$32,5962024

Highlighted filing

2018

Revenue$269,279
Expenses$261,909
Net Income$7,370
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 13, 2019
Return Version
2018v3.1
Gross Receipts
$269,279
Mission and Program Overview

Mission

The organization serves community members with mental health maintenance and recovery needs. Through collaboration with mental health professionals individuals receive complimentary mind and body movement therapy.

Ascent is a not profit focusing on fitness, wellness and community in southeastern wisconsin for men and women

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,977$11,738▼ $1,239
Cash and Non-Interest-Bearing Accounts$15,321$10,572▼ $4,749
Accounts Receivable$19,335$5,987▼ $13,348
Prepaid Expenses and Deferred Charges$4,426$4,426→ $0
Receivables From Officers Etc$119$0▼ $119
Total Assets$52,178$32,723▼ $19,455
Liabilities
Accounts Payable and Accrued Expenses$47,796$20,971▼ $26,825
Total Liabilities$47,796$20,971▼ $26,825
Net Assets / Fund Balance
Unrestricted Net Assets$4,382$11,752▲ $7,370
Total Net Assets Fund Balance$4,382$11,752▲ $7,370
Total Liabilities and Net Assets / Fund Balance$52,178$32,723▼ $19,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,270$8,447-
Leasehold Improvements$468$2,875-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony LangtimmAdministrative DirectorFT$35,350$35,350
Catia FigueiredoProgram DirectorFT$35,350$35,350
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$269,279
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$7,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,503
Total Revenue per Audited Statements
$265,503
Total Revenue per Form 990
$265,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$194,550
Other Expenses$67,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,858$0$0$141,858
Current Officers, Directors, Trustees, and Key Employees$17,850$17,500$0$35,350
Occupancy$26,322$2,884$0$29,206
Payroll Taxes$15,629$1,713$0$17,342
Insurance$5,022$550$0$5,572
Depreciation Depletion$4,483$491$0$4,974
Other Expenses$2,577$282$0$2,859
All Other Expenses$1,831$89$0$1,920
Advertising$0$327$0$327
Travel$59$7$0$66
Total Functional Expenses$222,504$39,405$0$261,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,640
Total Expenses per Audited Statements$253,640
Total Expenses per Form 990$253,640
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$119$0▼ $119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ascent for Life Inc
EIN
47-1660459
Phone
4143506064
Address
1541 N JEFFERSON ST, MILWAUKEE, WI 53202

Signing Officer

Name
Tony Langtimm
Title
President
Phone
4143506064
Signed
2019-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Langtimm
Formed
2014
Legal Domicile
Wi
Voting Board Members
2
Independent Board Members
0
Employees
23
Volunteers
0

Preparer

Firm
Kkcpa S C
Address
735 N Water St Ste 930, Milwaukee, WI 53202
Preparer
Karl E Klein CPA
Phone
4142715580
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Return was sent to board to review prior to filing

Pt VI, Line 2

Officers are husband and wife

Form 990, Part IX, Line 24E

Repairs & maintenance 807. 727. 80. 0.

Form 990, Part IX, Line 24E

Staff development 116. 116. 0. 0.

Form 990, Part IX, Line 24E

Other expenses 92. 83. 9. 0.

Form 990, Part IX, Line 24E

Kids programming 905. 905. 0. 0.

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IRS990/TotalLiabilitiesGrp/EOYAmt020971
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04382
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011752
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0222504
IRS990/TotalProgramServiceRevenueAmt0269279
IRS990/TotalReportableCompFromOrgAmt070700
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0269279
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269279
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032723
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07
IRS990/TravelGrp/ProgramServicesAmt059
IRS990/TravelGrp/TotalAmt066
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04382
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011752
IRS990/USAddress/AddressLine1Txt01541 N JEFFERSON ST
IRS990/USAddress/CityNm0MILWAUKEE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053202
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY LANGTIMM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04143506064
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASCENT FOR LIFE INC
ReturnHeader/Filer/BusinessNameControlTxt0ASCE
ReturnHeader/Filer/EIN0471660459
ReturnHeader/Filer/PhoneNum04143506064
ReturnHeader/Filer/USAddress/AddressLine1Txt01541 N JEFFERSON ST
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DFB7B1C4BA6C0516CE3D508E3C0DC9D806AD5806
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DFB7B1C4BA6C0516CE3D508E3C0DC9D806AD5806
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt08.45.156.35
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm014:59:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KKCPA S C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0735 N Water St Ste 930
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milwaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053202
ReturnHeader/PreparerPersonGrp/PhoneNum04142715580
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARL E KLEIN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-12T14:59:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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