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← LOCAL FIRST WEST MICHIGAN INC ELIZABETH S HILLARY

Form 990 for tax year 2022

Filed by LOCAL FIRST WEST MICHIGAN INC ELIZABETH S HILLARY.

Totals

Total revenue
$384,531
Total expenses
$530,552
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$373,111
Investment income
$1,673
Other revenue
$9,747
Total assets, end of year
$53,078
Total liabilities, end of year
$166,699
Net assets or fund balances, end of year
-$113,621
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.

  • 2a · Program service revenue: NONPROFIT MANAGEMENT

    total $278,892 · related or exempt $278,892

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $94,219 · related or exempt $94,219

  • 3 · Investment income

    total $1,673 · excluded $1,673

  • 11a · Other revenue: ADVERTISING

    total $9,747 · unrelated business $9,747

  • 11e · Other revenue, total

    $9,747

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $362,798

  • 9 · Other employee benefits

    total $16,412

  • 10 · Payroll taxes

    total $28,438

  • 11c · Fees: accounting

    total $16,121

  • 13 · Office expenses

    total $2,440

  • 16 · Occupancy

    total $4,762

  • 17 · Travel

    total $1,237

  • 20 · Interest

    total $9

  • 23 · Insurance

    total $2,169

  • 24a · Other expenses: MARKETING AND DESIGN

    total $60,313

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $14,321

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $9,828

  • 24d · Other expenses: SERVICE CHARGES

    total $4,925

  • 24e · All other expenses

    total $6,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,156 · end of year $30,239

  • 4 · Accounts receivable

    beginning of year $21,500 · end of year $19,255

  • 15 · Other assets

    beginning of year $132,276 · end of year $3,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,694 · end of year $13,125

  • 25 · Other liabilities

    beginning of year $131,838 · end of year $153,574

  • 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 $32,400 · end of year -$113,621

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Jason Wheeler

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cj Schneider

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Seth Getz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trevor Cortlett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christine Lindeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tara Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hanna Schulze

    PRESIDENT

    Total calculated
    $86,183
    From this org
    $82,118
    From related orgs
    $0
    Other
    $4,065
    Hours/week
    40

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
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202301319349303590

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