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← LOCAL FIRST EDUCATIONAL FOUNDATION

Form 990 for tax year 2025

Filed by LOCAL FIRST EDUCATIONAL FOUNDATION.

Totals

Total revenue
$586,163
Total expenses
$699,452
Contributions and grants received
$579,277
Grants paid
$23,120
Program service revenue
$18,672
Investment income
$0
Other revenue
-$11,786
Total assets, end of year
$39,731
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,731
Program services expenses (Part IX)
$331,417
Management and general expenses
$223,419
Fundraising expenses
$144,616
Program service expenses (Part III)
$331,417

Program services were 47.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $579,277

  • 2a · Program service revenue: CONSULTING

    total $16,782 · related or exempt $16,782

  • 2b · Program service revenue: SUSTAINABLE BIZ EDUCAT

    total $1,890 · related or exempt $1,890

  • 8a · Fundraising events: gross income

    $2,950

  • 8b · Fundraising events: direct expenses

    $14,736

  • 8c · Net income from fundraising events

    total -$11,786 · excluded -$11,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,120 · program services $23,120

  • 7 · Other salaries and wages

    total $278,006 · program services $36,140 · management and general $120,933 · fundraising $120,933

  • 9 · Other employee benefits

    total $25,205 · program services $3,277 · management and general $10,964 · fundraising $10,964

  • 10 · Payroll taxes

    total $21,681 · program services $2,819 · management and general $9,431 · fundraising $9,431

  • 11a · Fees: management

    total $174,790 · program services $174,790

  • 11c · Fees: accounting

    total $21,883 · management and general $21,883

  • 11g · Fees: other

    total $59,982 · program services $48,762 · management and general $11,220

  • 16 · Occupancy

    total $6,576 · management and general $3,288 · fundraising $3,288

  • 17 · Travel

    total $5,010 · program services $1,628 · management and general $3,382

  • 22 · Depreciation, depletion and amortization

    total $12,658 · management and general $12,658

  • 23 · Insurance

    total $5,480 · management and general $5,480

  • 24a · Other expenses: MARKETING & DESIGN

    total $34,758 · program services $24,168 · management and general $10,590

  • 24b · Other expenses: FOOD & BEVERAGE EXPENSE

    total $9,022 · program services $4,700 · management and general $4,322

  • 24c · Other expenses: EDUCATIONAL PROGRAMS

    total $7,911 · program services $6,579 · management and general $1,332

  • 24d · Other expenses: SUPPLIES/SERVICES

    total $5,564 · program services $4,619 · management and general $945

  • 24e · All other expenses

    total $7,806 · program services $815 · management and general $6,991

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,633 · end of year $18,135

  • 4 · Accounts receivable

    end of year $10,000

  • 10a · Land, buildings and equipment: cost or other basis

    $97,476

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,880

  • 10c · Land, buildings and equipment, net

    beginning of year $21,387 · end of year $11,596

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $153,020 · end of year $39,731

Mission and programs · 2025

Mission

WE LEAD THE DEVELOPMENT OF AN ECONOMY GROUNDED IN LOCAL OWNERSHIP THAT MEETS THE BASIC NEEDS OF PEOPLE, BUILDS LOCAL WEALTH AND SOCIAL CAPITAL, FUNCTIONS IN HARMONY WITH OUR ECOSYSTEM, AND ENCOURAGES JOYFUL COMMUNITY.

Activities or mission (Part I)

TO PROVIDE BUSINESS EDUCATION TO LOCAL BUSINESSES

  • LOCAL FIRST EDUCATION FOUNDATION CONDUCTS COMMUNITY EDUCATION EVENTS, INCLUDING OUR GOOD FOR MICHIGAN PROGRAM, TO EDUCATE BUSINESS ON HOW TO IMPROVE THEIR, SOCIAL, ENVIRONMENTAL AND EMPLOYEE IMPACT, AND WE FACILITATE CONVERSATIONS ABOUT LOCAL OWNERSHIP AND LOCAL INVESTMENT BUILDS A MORE RESILIENT ECONOMY

    Expenses $308,297 · Revenue $18,672

  • LOCAL FIRST EDUCATION FOUNDATION WORKS WITH LOCAL BUSINESS TO HELP EDUCATE AND IMPLEMENT SUSTAINABLE BUSINESS PRACTICES AND HOW THESE PRACTICES BUILD THE COMPONENTS OF A MORE SUSTAINABLE ECONOMY.

    Expenses $23,120 · Grants $23,120

As filed on the 2025 return.

Listed in Part VII

  • Tammy Karas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Samuel Sedlecky

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carlos Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kaylee Moreno Burke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kyama Kitavi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Cochran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • LOCAL FIRST OF WEST MICHIGAN

    $23,120

    TO HOLD COMPREHENSIVE COMMUNITY OUTREACH, EDUCATIONAL WORKSHOPS, AND WORK TOWARD LESSENING ECONOMIC DISPARITIES AND CREATE AND RETAIN LOCAL JOBS AND RESOURCES.

Provenance

Return type
form_990
Tax year
2025
Filed
1 June 2026
IRS schema version
2025v4.1
Source object
202601549349300625

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