American Independent Business Alliance
- Assets
- $214.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Durango, CO
- Founding
- 08/2010
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, American Independent Business Alliance generated $167.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $239.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Wheeler Chairman | 4 | $0 | |
Mary Oswald Vice Chair | 3 | $0 | |
John Lopez Treasurer | 3 | $0 | |
Lisa Mastny Secretary | 3 | $0 | |
Paul Kosnik Director | 2 | $0 | |
Kip Koso Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,930 |
| Total Program Service Revenue | $89,161 |
| Membership dues | $36,602 |
| Investment income | $589 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,601 |
| Total Revenue | $167,883 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $130,743 |
| Professional fees and other payments to independent contractors | $25,300 |
| Occupancy, rent, utilities, and maintenance | $4,404 |
| Printing, publications, postage, and shipping | $18,646 |
| Other expenses | $60,133 |
| Total expenses | $239,226 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,021 |
| Other assets | $0 |
| Total assets | $214,931 |
| Total liabilities | $121,726 |
| Net assets or fund balances | $93,205 |