American Independent Business Alliance
- Assets
- $288.5k
- Revenue
- $767.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Durango, CO
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-3083017
Organization Overview
American Independent Business Alliance is located in Durango, CO. The organization was established in 2010. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Independent Business Alliance employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Independent Business Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Independent Business Alliance generated $767.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $668.6k during the year ending 12/2021. While expenses have increased by 17.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LOCAL FIRST IS TO HELP LOCALLY-OWNED, INDEPENDENT BUSINESS AND ORGANIZATIONS THRIVE AS THEY WORK TOGETHER TO BUILD AN ECONOMY THAT VALUES PEOPLE, THE PLANET AND PROSPERITY FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL FIRST PARTNERED WITH LA PLATA COUNTY COLORADO TO ADMINISTER SMALL BUSINESSRELIEF PROGRAM (SENATE BILL 20B-001) IN ORDER TO PROVIDE DIRECT RELIEF PAYMENTS TOELIGIBLE SMALL BUSINESSES AND NON-PROFITS LOCATED IN LA PLATA COUNTY IN OPERATION SINCE MARCH 16, 2020 WITH 50 FTE EMPLOYEES OR FEWER. GRANTS OF $10,000 OR LESS WERE PROVIDED TO SUPPORT BUSINESSES LOCATED IN THE COUNTY IMPACTED BY COVID-19. DURING 2021 LOCAL FIRST HAS HELPED ADMINISTER OVER $426,000 IN PANDEMIC-RELIEFFUNDING TO APPROXIMATELY 93 BUSINESSES AND NONPROFITS IN LA PLATA COUNTY
OTHER PROGRAMS AND SERVICES TO MEMBERS INCLUDE CONSUMER TARGETED CAMPAIGNS SUCH AS OUTREACH AND MOBILIZATION EFFORTS SUCH AS WORKING WITH BUSINESSES ON SOCIAL AND ENVIRONMENTAL BEST PRACTICES THROUGH THE A VARIETY OF PROGRAMS. WE PROVIDE AN ONLINE BUSINESS DIRECTORY, AND REACH OUT TO THE LOCAL MEDIA WITH PRESS RELEASES ABOUT SUSTAINABLE ECONOMY ISSUES. IN ADDITION, WE ORGANIZE MEMBERS-ONLY NETWORKING AND COLLABORATION EVENTS. WE PULLED TOGETHER KEY STAKEHOLDERS IN ORDER TO FORM THE DURANGO CREATIVE DISTRICT TO SUPPORT AND BUILD A CREATIVE ECONOMY AND LAUNCHED THE SOUTHWEST HEALTH ALLIANCE TO INCREASE HEALTH LITERACY AND REDUCE INSURANCE PREMIUMS FOR BUSINESSES AND INDIVIDUALS TO KEEP HEALTHCARE DOLLARS RECIRCULATING LOCALLY AND SUPPORT THE LOCAL, INDEPENDENT BUSINESS COMMUNITY, INCLUDING HEALTHCARE PRACTITIONERS.
BE LOCAL BOOK - ANNUAL PUBLICATION AND BUSINESS SUPPORT PROGRAM TO PROMOTE SUPPORTING LOCAL BUSINESSES AND EDUCATE ABOUT LOCAL ECONOMIES. OUR THEME FOR 2021/2022 WAS "RESILIENCE AND REGROWTH".
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Bell Managing Dir | Trustee | 35 | $51,126 |
Tim Wheeler Chairman | Officer | 4 | $0 |
John Lopez Treasurer | Officer | 3 | $0 |
Mary Oswald Vice Chair | Officer | 3 | $0 |
Lisa Mastny Secretary | Officer | 3 | $0 |
Peter Schertz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $573,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,414 |
| Total Program Service Revenue | $176,859 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $767,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $426,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,126 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,783 |
| Payroll taxes | $11,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,315 |
| Advertising and promotion | $264 |
| Office expenses | $0 |
| Information technology | $3,994 |
| Royalties | $0 |
| Occupancy | $5,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,051 |
| Insurance | $2,123 |
| All other expenses | $20,610 |
| Total functional expenses | $668,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,571 |
| Savings and temporary cash investments | $100,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,712 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,514 |
| Accounts payable and accrued expenses | $172 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $119,387 |
| Other liabilities | $1,009 |
| Total liabilities | $120,568 |
| Net assets without donor restrictions | $167,946 |
| Net assets with donor restrictions | $0 |
| 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 | $288,514 |
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|---|---|---|
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