Form 990 for tax year 2025
Filed by LOCAL FIRST WEST MICHIGAN INC ELIZABETH S HILLARY.
Totals
- Total revenue
- $395,072
- Total expenses
- $407,010
- Contributions and grants received
- $23,120
- Grants paid
- $0
- Program service revenue
- $371,952
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $43,785
- Total liabilities, end of year
- $59,602
- Net assets or fund balances, end of year
- -$15,817
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$23,120
-
2a · Program service revenue: NONPROFIT MANAGEMENT
total $324,892 · related or exempt $324,892
-
2b · Program service revenue: MEMBERSHIP DUES
total $47,060 · related or exempt $47,060
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $98,247
-
7 · Other salaries and wages
total $228,260
-
9 · Other employee benefits
total $29,593
-
10 · Payroll taxes
total $25,456
-
11c · Fees: accounting
total $5,298
-
13 · Office expenses
total $167
-
16 · Occupancy
total $956
-
17 · Travel
total $1,086
-
20 · Interest
total $5,645
-
22 · Depreciation, depletion and amortization
total $396
-
23 · Insurance
total $967
-
24a · Other expenses: MARKETING AND DESIGN
total $5,162
-
24b · Other expenses: SERVICE CHARGES
total $3,230
-
24c · Other expenses: MEALS & ENTERTAINMENT
total $737
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $735
-
24e · All other expenses
total $1,075
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,520 · end of year $27,815
-
4 · Accounts receivable
beginning of year $15,110 · end of year $15,245
-
15 · Other assets
beginning of year $1,121 · end of year $725
-
17 · Accounts payable and accrued expenses
beginning of year $7,716 · end of year $8,542
-
23 · Secured mortgages and notes payable
beginning of year $5,917 · end of year $6,546
-
24 · Unsecured notes and loans payable
beginning of year $50,997 · end of year $44,514
-
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 -$3,879 · end of year -$15,817
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, MENTORING, AND NETWORKING
-
CONDUCT MONTHLY MEETINGS FOR BUSINESS MEMBERS TO LEARN FROM EACH OTHER AND SHARE BEST PRACTICES.
-
PROVIDE TOOLS AND RESOURCES TO PROMOTE THE CONCEPT OF SUPPORTING LOCALLY OWNED BUSINESSES.
As filed on the 2025 return.
Listed in Part VII
-
TAMMY KARAS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CARLOS MARTINEZ
EXECUTIVE DIRECTOR
- Total calculated
- $112,411
- From this org
- $98,247
- From related orgs
- $0
- Other
- $14,164
- Hours/week
- 40
-
PABLO GARCIA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
KAYLEE MORENO BURKE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
CAITLYN MEYERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL VANDERMOLEN
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 1 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202641549349300624
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