Local First Foundation
- Assets
- $84.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Durango, CO
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 32-0600640
Organization Overview
Local First Foundation is located in Durango, CO. The organization was established in 2019. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2022, Local First Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local First 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 Foundation generated $62.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $242.9k 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 THE LOCAL FIRST FOUNDATION IS TO BUILD SELF-RELIANCE, SENSE OF PLACE, AND WELL-BEING FOR THE STAKEHOLDERS OF THE LA PLATA COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3
FRONTLINE HEALTHCARE WORKERS AT MERCY REGIONAL MEDICAL CENTER AND ACROSS LA PLATA COUNTY ARE GEARING UP FOR THE BATTLE AGAINST COVID-19. THESE PROFESSIONALS PUT THEIR HEALTH AND LIVES AT RISK DAILY FOR OUR COMMUNITY, BUT THE STAKES OF THEIR RISK AND THE ASSOCIATED ADDITIONAL STRESS AT THIS TIME HAVE NEVER BEEN HIGHER. AT THE SAME TIME, LOCAL INDEPENDENT RESTAURANTS, ONE OF THE CORE ELEMENTS THAT MAKES THIS COMMUNITY SO AMAZING TO LIVE IN AND VISIT, ARE SUFFERING FROM THE DEVASTATING ECONOMIC IMPACT OF THE VIRUS. LOCAL FIRST HAS IMPLEMENTED A PROGRAM CREATED BY ONE OF THE COUNTRYS FOREMOST CHEFS AND RESTAURATEURS THAT LETS THE COMMUNITY DONATE MEALS FROM LOCAL RESTAURANTS TO HEALTHCARE WORKERS ON THE FRONTLINES. HEALTHCARE WORKERS GET A NOURISHING MEAL, AND LOCAL RESTAURANTS GET BADLY NEEDED BUSINESS TO KEEP RUNNING AND KEEP STAFF EMPLOYED. WIN! WIN! WIN! THE THIRD WIN IS OUR COMMUNITY, SINCE WE ALL BENEFIT FROM SUPPORTING OUR HEALTHCARE HEROES, AND HELPING SMALL BUSINESSES REBOUND SO THEYRE THERE FOR US WHEN THIS IS OVER.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Wright Chairman | 4 | $0 | |
Tim Wheeler Vice Chair | 3 | $0 | |
John Lopez Treasurer | 3 | $0 | |
Lauren Berutich-As Of 012023 Executive Dir. | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,654 |
| Total Program Service Revenue | $10,144 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,808 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $90,034 |
| Professional fees and other payments to independent contractors | $2,783 |
| Occupancy, rent, utilities, and maintenance | $2,838 |
| Printing, publications, postage, and shipping | $406 |
| Other expenses | $6,834 |
| Total expenses | $242,895 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,859 |
| Other assets | $0 |
| Total assets | $84,559 |
| Total liabilities | $92,884 |
| Net assets or fund balances | -$8,325 |