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Nonprofiteer
← LOCAL FIRST FOUNDATION

Form 990-EZ for tax year 2024

Filed by LOCAL FIRST FOUNDATION.

Totals

Total revenue
$189,601
Total expenses
$204,833
Contributions and grants received
$179,092
Grants paid
not reported
Program service revenue
$8,865
Membership dues (line 3)
not reported
Investment income (line 4)
$1,644
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$62,656
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$62,656
Program service expenses (Part III)
$202,333

Program services were 98.8% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

See Schedule O

  • Our Healthcare Initiative promotes affordable health insurance options to reduce the high cost of living and foster well-being for Southwest Colorado residents.

    Expenses $43,151

  • Our Local Self-Reliance Program raises public awareness of the value of participating in the local circular economy and investing in our community.

    Expenses $52,528

  • The Durango Creative District was fiscally sponsored by Local First Foundation until Oct. 31, 2024.

    Expenses $106,654

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Kip Koso

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Jeanne Szczech

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • John Lopez

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Douglas McCarthy

    Executive Director

    Total calculated
    $2,915
    Compensation
    $2,915
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    20

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349206512

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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