Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Impactful Life Inc
EIN 87-1170264 • 501(c)3 • Tucson, AZ
Profile
Incubate for-profit businesses to generate donations to charity.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.69x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$18,873
Down $2,082 (-9.9%) from 2023
Liabilities
Flat$13,000
Flat from 2023
Net Assets
Down$5,873
Down $2,082 (-26%) from 2023
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$2,082
Up $537 (+35%) from 2023
Net Income
-
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $18,873
- Liabilities
- $13,000
- Net assets
- $5,873
- Revenue
- -
- Expenses
- $2,082
- Net income
- -
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 15, 2023
- Return Version
- 2022v5.0
Mission and Program Overview
Mission
Incubate for-profit businesses to generate donations to charity.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Continued three businesses that Impactful Life incubated for mission, which are Ancient Wisdom LLC, SW Acoustics, and SW Laser Engravers. Impactful Life provided occupancy space and coaching for these entities so they may grow. | - | $4,772 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jay Thorpe | Director President | PT | $0 | - | - |
| Kim Thorpe | Director | PT | $0 | - | - |
| Justin Thorpe | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Impactful Life Inc
- EIN
- 87-1170264
- Phone
- 5208583666
- Address
- 4932 N Avenida de Castilla, Tucson, AZ 85718
Signing Officer
- Name
- Jay Thorpe
- Title
- Director
- Phone
- 5208583666
- Signed
- 2023-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Az Southwest CPA Services Pllc
- Address
- PO BOX 36837, TUCSON, AZ 85740
- Preparer
- Thomas G Rooney
- Phone
- 5208883696
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16, Other Expenses
“Setup Fees 2”
Form 990-EZ, Part V, Section 35A 35B, Line 35A 35B
“Three businesses continued to be incubated by Impactful Life during 2022. Those three businesses are 1 Ancient Wisdom Curations LLC EIN 87-1769277, 2 Southwest Acoustic Products LLC 87-1769154, and 3 Southwest Laser Engravers LLC. All three entities each had a gross profit after COGS for 2022 Total loss after operation expenses -16,192, as the COGS and expenses still outweight sales in 2022. So, a 990-T was filed for 2022, even though the end results were 0 in positive profits.”
Form 990-EZ, Part I, Section Line 8, Line Line 8
“Income from 990-T for the three incubated businesses were a loss after operating expenses and COGS, so the 0 dollar amount was added to this return on Line 8 to show the connection to the 990-T.”
Raw XML Appendix130 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | Jay Thorpe |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | Kim Thorpe |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | Justin Thorpe |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 0 | Directors are currently not paid for services. |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 1 | Directors are currently not paid for services. |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 2 | Directors are currently not paid for services. |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Jay Thorpe |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5208583666 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4932 N Avenida De Castilla |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Tucson |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AZ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 85740 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 27272 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 22500 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4772 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1770 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 27272 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 22500 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 27272 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 22500 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 27272 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 22500 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 012.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 010.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 005.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Jay Thorpe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Kim Thorpe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Justin Thorpe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | true |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Incubate for-profit businesses to generate donations to charity. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Continued three businesses that Impactful Life incubated for mission, which are Ancient Wisdom LLC, SW Acoustics, and SW Laser Engravers. Impactful Life provided occupancy space and coaching for these entities so they may grow. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 4772 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | AZ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 4772 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 4772 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 35000 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 35000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 35000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 35000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Setup Fees 2 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Three businesses continued to be incubated by Impactful Life during 2022. Those three businesses are 1 Ancient Wisdom Curations LLC EIN 87-1769277, 2 Southwest Acoustic Products LLC 87-1769154, and 3 Southwest Laser Engravers LLC. All three entities each had a gross profit after COGS for 2022 Total loss after operation expenses -16,192, as the COGS and expenses still outweight sales in 2022. So, a 990-T was filed for 2022, even though the end results were 0 in positive profits. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Income from 990-T for the three incubated businesses were a loss after operating expenses and COGS, so the 0 dollar amount was added to this return on Line 8 to show the connection to the 990-T. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part V, Section 35a 35b, Line 35a 35b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Section Line 8, Line Line 8 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jay Thorpe |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5208583666 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Impactful Life Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | IMPA |
| ReturnHeader/Filer/EIN | 0 | 871170264 |
| ReturnHeader/Filer/PhoneNum | 0 | 5208583666 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4932 N Avenida de Castilla |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Tucson |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 85718 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 461874533 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AZ SOUTHWEST CPA SERVICES PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 36837 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TUCSON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 85740 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5208883696 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS G ROONEY |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T01:38:50-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Jay |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Thorpe |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.