Local First Arizona Foundation
- Assets
- $4.2m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 57
- Location
- Phoenix, AZ
- Founding
- 02/2009
- Data as of
- 12/2022
- 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 12/2022, Local First Arizona Foundation employed 57 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 12/2022, Local First Arizona Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 39.2% per year over the past 8 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 654 individual grants totaling $9,575,982. 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
2022
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
LOCAL FIRST ARIZONA FOUNDATION IS ON A MISSION TO BUILD EQUITABLE SYSTEMS FOR ARIZONAS LOCAL BUSINESSES AND COMMUNITIES THAT CREATE A VIBRANT, INCLUSIVE, AND SUSTAINABLE ARIZONA ECONOMY. OUR SMALL BUSINESS PROGRAMS ARE DESIGNED TO INCUBATE, ACCELERATE, AND CELEBRATE ENTREPRENEURSHIP, WITH A FOCUS ON DEVELOPING ENTREPRENEURSHIP IN LOW-INCOME OR UNDER-RESOURCED COMMUNITIES. WE SUPPORT ASPIRING ENTREPRENEURS AND ESTABLISHED, INDEPENDENTLY OWNED, LOCAL BUSINESSES ALIKE. FOR BUSINESSES IN SEARCH OF OPPORTUNITIES TO STRENGTHEN AND GROW THEIR OPERATIONS, WE PROVIDED ONE-ON-ONE CONSULTING TO 2,900 SMALL AND UNDER-RESOURCED BUSINESSES IN 2022. OUR FUERZA LOCAL BUSINESS ACCELERATOR AND EXECUTIVE LEADERSHIP PROGRAMS GRADUATED 105 SPANISH-PREFERRED OWNERS FROM THE GREATER PHOENIX AREA, SEDONA, AND COTTONWOOD, ARIZONA AND WE GRADUATED 25 BLACK BUSINESS OWNERS WITH EDUCATIONAL TOOLS AND MENTORSHIP PROVIDED THROUGH OUR WE RISE PROGRAM.
IN 2022, MORE THAN 70 FOOD BUSINESS STARTUPS WERE INCUBATED IN OUR COMMUNITY KITCHENS ACROSS MESA AND SOUTH PHOENIX AND 85 ADDITIONAL FOOD BUSINESSES BEGAN OPERATIONS FROM PARTICIPATING IN OUR RESTAURANT START-UP BOOT CAMP. DUE TO THE DEMAND FOR THESE SERVICES, TWO MORE KITCHEN INCUBATORS ARE PLANNED TO OPEN IN 2023. IN ADDITION, LOCAL FIRST PROVIDED WEEKLY CHILDRENS COOKING CLASSES TO MORE THAN 50 LOW-INCOME STUDENTS OF COLOR WHO LEARNED ABOUT NUTRITION AS WELL AS COOKING SKILLS. EACH PARTICIPANT HAS THE OPPORTUNITY TO TAKE HOME 5 MEALS FOR THE WEEK MANY OF THESE SAME STUDENTS JOIN US ON THE WEEKENDS IN OUR COMMUNITY GARDEN TO LEARN GARDENING AND HARVESTING SKILLS, ALL OF WHICH REDUCES FOOD INSECURITY IN OUR COMMUNITY.
IN 2022, THE LOCAL FIRST ARIZONA ARIZONA ECONOMIC RECOVERY CENTER ENABLED 569 ARIZONA-BASED NONPROFITS, RURAL MUNICIPALITIES, AND TRIBAL NATIONS TO ACCESS 26 MILLION IN GRANTS FOR CRITICAL LOCAL AND REGIONAL PROJECTS SUCH AS ESSENTIAL INFRASTRUCTURE BROADBAND SOLAR PROJECTS, HEALTHCARE REMOTE CLINICS, FOOD ACCESS, TREATMENT FACILITIES, EDUCATION, ARTS AND CULTURE, AND EMERGENCY PREPAREDNESS. THESE GRANTS WILL TRANSFORM ARIZONA COMMUNITIES THAT ARE MOST IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimber Lanning Executive Director | Officer | 64 | $139,109 |
Amy Bird Chair | OfficerTrustee | 3 | $0 |
Kerwin Brown Vice Chair | OfficerTrustee | 2 | $0 |
Mario Aniles Treasurer | OfficerTrustee | 3 | $0 |
Elizabeth Goodman Secretary | OfficerTrustee | 2 | $0 |
Cymone Bolding Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,622,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,534,141 |
| Noncash contributions included in lines 1a–1f | $20,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,156,320 |
| Total Program Service Revenue | $1,649,364 |
| Investment income | $4,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,652 |
| Net Gain/Loss on Asset Sales | $13,712 |
| Net Income from Fundraising Events | $2,558 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,889,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,454 |
| Grants and other assistance to domestic individuals. | $1,632,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,609 |
| Compensation of current officers, directors, key employees. | $10,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,505,870 |
| Pension plan accruals and contributions | $11,607 |
| Other employee benefits | $244,973 |
| Payroll taxes | $195,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,762 |
| Fees for services: Accounting | $30,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,640 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $994,521 |
| Advertising and promotion | $49,551 |
| Office expenses | $130,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,350 |
| Travel | $49,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $183,994 |
| Interest | $936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,586 |
| Insurance | $16,983 |
| All other expenses | $0 |
| Total functional expenses | $6,382,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,019,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $761,181 |
| Accounts receivable, net | $80,533 |
| 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 | $19,785 |
| Net Land, buildings, and equipment | $174,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,124 |
| Other assets | $67,654 |
| Total assets | $4,151,480 |
| Accounts payable and accrued expenses | $326,881 |
| Grants payable | $37,000 |
| Deferred revenue | $409,608 |
| 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 | $234,989 |
| Total liabilities | $1,008,478 |
| Net assets without donor restrictions | $2,889,726 |
| Net assets with donor restrictions | $253,276 |
| 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 | $4,151,480 |
Grants Awarded
Over the last fiscal year, Local First Arizona Foundation has awarded $93,454 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VITALYST HEALTH FOUNDATION PURPOSE: CO-OP LEGAL DOCUMENT CREATION | $10,000 |
ORCHARD COMMUNITY LEARNING CENTER PURPOSE: LEARNING SERVICES | $8,954 |
ORGS UNDER REPORTING THRESHOLD | | | $74,500 |