Local First Arizona Foundation
- Assets
- $3.2m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Phoenix, AZ
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-1657951
Organization Overview
Local First Arizona Foundation is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Local First Arizona Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local First Arizona Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Local First Arizona Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 39.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Local First Arizona Foundation has awarded 651 individual grants totaling $9,482,528. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL FIRST ARIZONA FOUNDATION LFAF PROVIDES COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS AND SUPPORT TO THE PEOPLE, BUSINESSES, AND NEIGHBORHOODS OF COMMUNITIES THROUGHOUT ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF LOCAL FIRST ARIZONA FOUNDATION LFAF IS TO BUILD EQUITABLE SYSTEMS FOR LOCAL BUSINESSES IN AZ AND COMMUNITIES THAT CREATE A VIBRANT, INCLUSIVE, AND SUSTAINABLE ARIZONA ECONOMY BY STRENGTHENING, SUPPORTING, AND CELEBRATING ENTREPRENEURSHIP, RURAL AND URBAN COMMUNITY DEVELOPMENT, RACIAL EQUITY, ENVIRONMENTAL ACTION, AND FOOD ACCESS. IN 2021, LFAF LAUNCHED THE ARIZONA ECONOMIC RECOVERY CENTER AZERC WHICH HELPS INCREASE CAPACITY FOR SMALL RURAL AND TRIBAL TOWNS AND NONPROFITS BY DEPLOYING GRANT WRITERS, FACILITATORS, PROJECT MANAGERS, AND OTHER CONTRACTORS AT NO COST. IN 2021, AZERC GRANT WRITERS WON AN ADDITIONAL 4.6M IN FEDERAL GRANTS FOR APPLICANTS ACROSS 12 OF THE 15 COUNTIES IN AZ. ALSO IN 2021, LFAF GRADUATED OVER 200 LATINO AND AFRICAN AMERICAN ENTREPRENEURS THROUGH OUR BUSINESS DEVELOPMENT AND FINANCIAL LITERACY PROGRAMS. THE FOUNDATION ALSO CERTIFIED 80 GREEN BUSINESS PROJECTS THAT ARE REDUCING WATER, WASTE, AND ENERGY USE TO ENSURE RESILIENCE IN THE FACE OF CLIMATE CHANGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimber Lanning Executive Director | Officer | 64 | $124,209 |
Kevin Youngblood Board Chair | OfficerTrustee | 3 | $0 |
Robin Romano Treasurer | OfficerTrustee | 3 | $0 |
Will Mandeville Treasurer Thru Sept 2021 | OfficerTrustee | 1 | $0 |
Amy Bird Vice Chair | OfficerTrustee | 2 | $0 |
Elizabeth Goodman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,276,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,447,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,723,802 |
| Total Program Service Revenue | $2,202,235 |
| Investment income | $296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,754 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,988,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $443,975 |
| Grants and other assistance to domestic individuals. | $1,156,385 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,039 |
| Compensation of current officers, directors, key employees. | $10,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,743,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,070 |
| Payroll taxes | $148,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,316 |
| Fees for services: Accounting | $28,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $561,170 |
| Advertising and promotion | $21,880 |
| Office expenses | $44,433 |
| Information technology | $38,922 |
| Royalties | $0 |
| Occupancy | $38,255 |
| Travel | $28,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,680 |
| Insurance | $8,221 |
| All other expenses | $0 |
| Total functional expenses | $4,654,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,487,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $639,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,348 |
| Net Land, buildings, and equipment | $68,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,196 |
| Other assets | $0 |
| Total assets | $3,232,104 |
| Accounts payable and accrued expenses | $141,448 |
| Grants payable | $0 |
| Deferred revenue | $305,542 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,185 |
| Total liabilities | $596,175 |
| Net assets without donor restrictions | $2,086,467 |
| Net assets with donor restrictions | $549,462 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,232,104 |
Grants Awarded
Over the last fiscal year, Local First Arizona Foundation has awarded $82,668 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PSYCHOSOMATIC FITNESS PHOENIX PURPOSE: RENT AND MORTGAGE RELIEF | $25,000 |
Tempe, AZ PURPOSE: WORK ON S MTN FOOD KITCHEN | $25,000 |
MORNINGSTAR LEADERS PURPOSE: GENERAL SUPPORT | $7,668 |
Superior, AZ PURPOSE: SMALL BUSINESS RELIEF | $6,250 |
Superior, AZ PURPOSE: SMALL BUSINESS RELIEF | $6,250 |
Oracle, AZ PURPOSE: SMALL BUSINESS RELIEF | $6,250 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Local First Arizona Foundation has recieved totaling $418,560.
| Awarding Organization | Amount |
|---|---|
Sprouts Healthy Communities Foundation Phoenix, AZ PURPOSE: CONTRIBUTION SUPPORTS A NUTRITION AND GARDENING PROGRAMS FOR LOW-INCOME KIDS AND A COMMUNITY KITCHEN AVAILABLE TO ASPIRING FOOD ENTREPRENEURS. | $100,000 |
Thunderbirds Charities Phoenix, AZ PURPOSE: EDUCATION | $90,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $56,500 |
Organization Name not Listed PURPOSE: CHARITABLE CONTRIBUTION TO 501(C)(3) ORGANIZATION FOR THEIR EXEMPT PURPOSES | | $50,000 |
Western Conservation Foundation Denver, CO PURPOSE: Clean Energy Education | $35,000 |
Flinn Foundation Phoenix, AZ PURPOSE: GENERAL OPERATING SUPPORT | $26,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Colorado Enterprise Fund Inc Denver, CO | $82,518,626 | $21,255,608 |
Rocky Mountain Community Reinvestment Corporation Salt Lake City, UT | $241,166,960 | $12,007,635 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |