Totals
- Total revenue
- $231,339
- Total expenses
- $132,736
- Contributions and grants received
- $222,492
- Grants paid
- $21,000
- Program service revenue
- $8,620
- Investment income
- $227
- Other revenue
- $0
- Total assets, end of year
- $121,336
- Total liabilities, end of year
- $26,307
- Net assets or fund balances, end of year
- $95,029
- Program services expenses (Part IX)
- $114,051
- Management and general expenses
- $18,685
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $114,051
Program services were 85.9% 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.
-
1e · Government grants (contributions)
$27,700
-
1f · All other contributions, gifts and grants
$194,792
-
2a · Program service revenue: Administrive Fee
total $8,620 · related or exempt $8,620
-
3 · Investment income
total $227 · related or exempt $227
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $21,000 · program services $21,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $38,226 · program services $31,833 · management and general $6,393
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $2,914 · program services $2,427 · management and general $487
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $8,601 · program services $7,162 · management and general $1,439
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,495 · program services $2,078 · management and general $417
-
12 · Advertising and promotion
total $210 · program services $175 · management and general $35
-
13 · Office expenses
total $4,427 · program services $3,687 · management and general $740
-
14 · Information technology
total $433 · program services $361 · management and general $72
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,912 · program services $1,592 · management and general $320
-
17 · Travel
total $702 · program services $585 · management and general $117
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $825 · program services $687 · management and general $138
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,278 · program services $1,064 · management and general $214
-
24a · Other expenses: Payroll resource sharing
total $45,927 · program services $38,246 · management and general $7,681
-
24b · Other expenses: Payroll Processing Fees
total $991 · program services $825 · management and general $166
-
24c · Other expenses: Development and training
total $862 · program services $718 · management and general $144
-
24d · Other expenses: Dues and Subscriptions
total $603 · program services $502 · management and general $101
-
24e · All other expenses
total $1,330 · program services $1,109 · management and general $221
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,859 · end of year $121,086
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $11,250 · end of year $250
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $450 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,056
-
25 · Other liabilities
beginning of year $83,828 · end of year $26,307
-
27 · Net assets without donor restrictions
beginning of year -$8,325 · end of year -$4,971
-
28 · Net assets with donor restrictions
end of year $100,000
Mission and programs · 2023
Mission
The mission of the Local First Foundation is to build self-reliance, sense of place, and well-being for the stakeholders of the La Plata County community.
-
Local First Foundations Healthcare Initiative serves as a locus of community accountability to foster community well-being. We partner with Peak Health Alliance, a nonprofit healthcare purchasing cooperative, to increase health insurance affordability and reduce the cost of living for residents of southwest Colorado. We collaborated with the League of Women Voters to help launch the La Plata Healthcare Improvement Coalition, which brought together 40 community members to address challenges affecting local residents; Foundation staff co-chaired two coalition workgroups to support this work. We compiled a directory of local mental healthcare providers and regularly shared resources with the business community to support workforce mental health following the pandemic. Staff also served on a steering committee to guide the community health needs assessment conducted by San Juan Basin Public Health.
Expenses $55,549
-
The Local Self-Reliance Program includes working with the Local First Independent Business Alliance to sponsor campaigns that raise public awareness of the value of participating in the local circular economy and of adopting sustainable business practices. This program provides general sponsorship of Durango First Fridays in which local businesses serve as a venue where local artists and artisans can showcase their work to the general public, thereby advancing community arts and culture and strengthening the local creative economy.
Expenses $28,008 · Grants $21,000
-
Program Development focuses on building a local movement to invest in addressing our communitys most pressing concerns. During 2023, our efforts focused on collaborating with other community nonprofits and government agencies to assess how the community can meet the need for affordable housing and childcare, as well as ongoing efforts to promote local business resilience and continued recovery from the impact of the COVID-19 pandemic.
Expenses $21,873
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kip Koso
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Jeanne Sczech
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
John Lopez
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Lauren Berutich
Executive Dir.
- Total calculated
- $0
- Hours/week
- 25
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
-
$20,000
Operating
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349318863
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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