Form 990-EZ for tax year 2022

Totals

Total revenue

$62,808

Total expenses

$242,895

Contributions and grants received

$52,654

Grants paid

$140,000

Program service revenue

$10,144

Membership dues (line 3)

— not reported

Investment income (line 4)

$10

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

$84,559

Total liabilities, end of year

$92,884

Net assets or fund balances, end of year

-$8,325

Program service expenses (Part III)

$191,264

Program services were 78.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2022

• Local First has partnered with the Peak Health Alliance, a healthcare purchasing cooperative with the goal of reducing health care premiums, while maintaining local and high quality care, through the power of community collaboration. You now shop local for healthcare saving approximately 35% on health insurance in La Plata, San Juan, Dolores, and Montezuma Counties.

  Expenses $27,382

• Local First advocates for keeping energy dollars re-circulating locally to create jobs, support the local energy industry, and maintain our quality of life. A prime example of economic prosperity that is leaving our community is found in our local not-for-profit electrical distribution and public power cooperative, the La Plata Electric Association (LPEA). LPEA relies on Tri-State Generation & Transmission Association for power along with 43 other members across Colorado, New Mexico, Nebraska and Wyoming. Currently, our energy comes from LPEA, which is part of a larger energy co-op called Tri-State. LPEA is required to purchase 95% of our electricity from Tri-State until 2050 because of a long-term contract that was renewed with Tri-State. Tri-States energy is over 60% coal produced, making them the 2nd worst climate emitting electricity producer in the country.

  Expenses $5,602

• In order to inspire meaningful contributions to the community, local area businesses are committing to giving back 1% of their gross revenues to make a significant impact to the health and well being of the place we call home. In the first year of the Funds existence, a minimum of 25% of the 1% pledge will be pooled and leveraged in order to make movement-building and long-term investments to help alleviate our communitys most pressing concerns. The La Plata Impact Fund seeks to be a change agent, driving funds to where they can make the biggest difference.

  Expenses $153,881 · Grants $140,000

• hrive! is a coalition of local workers, employers, elected officials, and public partners who care about the long-term economic health and social well-being of La Plata County. Thrive!s most recognizable initiatives is our Employer Recognition Program a voluntary certification for local businesses that identifies and celebrates employers who are paying a living wage for all their employees. Since it began in 2014, the recognition program has certified a coalition of over 100 businesses, and momentum continues to grow.

  Expenses $4,399

As filed on the 2022 return.

Listed in Part IV

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

2022

Filed

10 November 2023

IRS schema version

2022v5.0

Source object

202343149349203364

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