Nonprofit · EIN 88-1756064
THANK YOU LIFE
Tax-exempt · AUSTIN, TX 78757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $678,087 | $614,922 | $63,165 | $149,487 | $59 | $149,428 |
| December 31, 2023 | 990 | $378,135 | $327,785 | $50,350 | $86,263 | $0 | $86,263 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $678,073
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $14
- Other revenue
- $14
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $222,819
- Salaries, compensation and benefits (total)
- $241,200
- Professional fundraising fees
- $0
- Legal fees
- $6,210
- Accounting fees
- $14,008
- Travel
- $10,300
- Program services (functional)
- $349,835
- Management and general (functional)
- $167,146
- Fundraising (functional)
- $97,941
Balance sheet and other
- Total assets, start of year
- $86,263
- Total assets, end of year
- $149,487
- Total liabilities, end of year
- $59
- Net assets, end of year
- $149,428
- Net assets without donor restrictions
- $149,428
- Gross receipts
- $678,087
- Employees
- 3
- Volunteers
- 5
- Year formed
- 2022
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Cannella | Executive Director Officer | 40 | $90,000 |
| Laura Lochrane | Chair Trustee or director, Officer | 5 | $0 |
| Yana Grammer | Treasurer Trustee or director, Officer | 1 | $0 |
| Dr Vince Franze | Secretary Trustee or director, Officer | 1 | $0 |
| Kelsey Ramsden | Director Trustee or director | 1 | $0 |
| Aziz Friedrich | Director Trustee or director | 1 | $0 |
| Dr Dan Engle | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Cannella | Executive Director Officer | 32 | $44,664 |
| Laura Lochrane | Chair Trustee or director, Officer | 5 | $0 |
| Yana Grammer | Treasurer Trustee or director, Officer | 1 | $0 |
| Vince Franze | Secretary Trustee or director, Officer | 1 | $0 |
| Kelsey Ramsden | Director Trustee or director | 1 | $0 |
| Aziz Friedrich | Director Trustee or director | 1 | $0 |
| Dan Engle | Director Trustee or director | 1 | $0 |
| Lindsay Carlisle | Director Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 6818 DAUGHERTY ST, AUSTIN, TX 78757-2324
- In care of
- % MEREDITH THOMAS
- Principal officer (990 for 2024)
- Laura Lochrane, 7908 Fince Trl, Austin, TX 787456832
- Signed the 990
- Laura Lochrane, Chair
- Phone
- (713) 661-5290
- Return prepared by
- Durio & Korpal PC
Mission
To provide access to legalized psychedelic therapy for all. Our programming is centered around supplementing the cost of ketamine-assisted psychotherapy (KAP) to those who cant afford its high cost.
Program accomplishments
- Expand the provider network to 120 vetted clinics.Expenses $21,600
- Sponsored 111 grantees to receive Ketamine-Assisted Psychotherapy with clients finding an average symptom reduction of 55% for depression, anxiety, and PTSD.Expenses $256,154
- Sponsored a nonprofit to create a documentary about psychedelics and best practices.Expenses $72,081
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1756064
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $280,674
- Income (IRS master file)
- $1,077,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $678,087 | $614,922 | $149,487 | XML |
| 990 | December 2023 | $378,135 | $327,785 | $86,263 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-1756064).
Questions about THANK YOU LIFE
- What is the EIN of THANK YOU LIFE?
- The employer identification number (EIN) of THANK YOU LIFE is 88-1756064.
- Is THANK YOU LIFE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THANK YOU LIFE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THANK YOU LIFE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THANK YOU LIFE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THANK YOU LIFE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THANK YOU LIFE?
- The 990 for the year ended December 31, 2024 names Laura Lochrane.
- Who are the officers and directors of THANK YOU LIFE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $90,000 (Kevin Cannella, Executive Director).
- How much revenue does THANK YOU LIFE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $678,087, expenses of $614,922 and total assets of $149,487 at year end.
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