Nonprofits›Life Asset Inc

Human Services

Life Asset Inc

WASHINGTON, DC

Website

Total revenue

$1.6M

Total expenses

$1.3M

Net assets

$5.8M

Grants received

$557K

16 grants

EIN

454737489

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue$212K
Investment income$448
Other revenue—
Total revenue$1.6M

Expenses

Grants paid—
Salaries & benefits$686K
Fundraising$115K
Other expenses$593K
Total expenses$1.3M
Total assets$9.1M
Net assets$5.8M

People

5 listed

NameRoleCompensation

JAN MARKUS LARSSON

EXECUTIVE DIRECTOR

Board

$150K

40 hrs/wk

OLIVE IDEHEN

BOARD CHAIR

Board

—

1 hrs/wk

ALFONSO PEARSON

TREASURER

Board

—

1 hrs/wk

JAIME QUIROS

SECRETARY

Board

—

1 hrs/wk

TERRY FLOOD

DIRECTOR

Board

—

1 hrs/wk

Grants received

Showing 16 of 16

FromAmountPurposeYear
TD CHARITABLE FOUNDATION
$10K
LIFE ASSETS MICROLOAN AND FINANCIAL TRAINING FOR LOW-INCOME ENTREPRENEURS
2023
Greater Washington Community Foundation
$35K
General Support
2022
Greater Washington Community Foundation
$35K
General Support
2022
TRUIST FOUNDATION INC
$10K
GENERAL OPERATING
2022
THE HELEN J SERINI FOUNDATION INC
$10K
GENERAL OPERATING SUPPORT TO EXPAND LIFE ASSET'S MICROLOAN AND FINANCIAL TRAINING PROGRAM TO MORE LOW-INCOME ENTREPRENEURS IN ANNE ARUNDEL COUNTY, BALTIMORE COUNTY, BALTIMORE CITY, AND FREDERICK COUNTY - CREATING FINANCIAL SELF-SUFFICIENCY THROUGH SMALL BUSINESS OWNERSHIP. SECOND OF THREE INSTALLMENTS.
2022
TD CHARITABLE FOUNDATION
$10K
LIFE ASSETS MICROLOAN AND BUSINESS TRAINING FOR LOW-INCOME ENTREPRENEURS
2022
Greater Washington Community Foundation
$35K
GENERAL SUPPORT
2021
TD CHARITABLE FOUNDATION
$10K
LIFE ASSETS MICROLOAN AND BUSINESS TRAINING FOR LOW-INCOME ENTREPRENEURS
2021
Greater Washington Community Foundation
$137K
general support
2020
THE MORRIS AND GWENDOLYN CAFRITZ
$20K
COMMUNITY SERVICE
2020
TD CHARITABLE FOUNDATION
$10K
MICROLOAN AND BUSINESS TRAINING FOR LOW-INCOME ENTREPRENEURS
2020
Greater Washington Community Foundation
$75K
—
2019
TD CHARITABLE FOUNDATION
$10K
MICROLOAN AND BUSINESS TRAINING FOR LOW-INCOME ENTREPRENEURS
2019
Greater Washington Community Foundation
$110K
General Support
2018
The Bank of America Charitable Foundation Inc
$10K
PROGRAM/OPERATING SUPPORT
2018
Greater Washington Community Foundation
$30K
General Support building
2017

Funded by

$557K from 6 funders · 16 grants · 2017–2023

Greater Washington Community Foundation

$457K · 7 grants · 2017–2022

Td Charitable Foundation

$50K · 5 grants · 2019–2023

The Morris And Gwendolyn Cafritz

$20K · 1 grant · 2020

Truist Foundation Inc

$10K · 1 grant · 2022

The Helen J Serini Foundation Inc

$10K · 1 grant · 2022

Details

EIN454737489
NTEE codeP51
Subsection03
Ruling date2013-02
Formed2011
Employees11
Volunteers20
LIFE ASSET INC — Mission, Financials & Grants Received | Grantivo