Local First Foundation
- Assets
- $239.0k
- Revenue
- $255.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Durango, CO
- Founding
- 07/2019
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Local First Foundation generated $255.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $128.5k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 2 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 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 - Line 4a
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 |
|---|---|---|---|
Monique Digiorgio Executive Dir. | Officer | 25 | $45,426 |
Ted Wright Chairman | Officer | 4 | $0 |
John Lopez Treasurer | Officer | 3 | $0 |
Tim Wheeler Vice Chair | Officer | 3 | $0 |
Kiki Hooton Former Managing Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,534 |
| Total Program Service Revenue | $18,857 |
| Investment income | $5 |
| 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 | $255,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $45,426 |
| Compensation of current officers, directors, key employees. | $24,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,485 |
| Advertising and promotion | $772 |
| Office expenses | $774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,575 |
| Travel | $26 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $860 |
| All other expenses | $1,023 |
| Total functional expenses | $128,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,184 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,819 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $239,003 |
| Accounts payable and accrued expenses | $1,927 |
| 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 | $0 |
| Other liabilities | $65,314 |
| Total liabilities | $67,241 |
| Net assets without donor restrictions | $171,762 |
| 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 | $239,003 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Local First Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
El Pomar Foundation Colorado Springs, CO PURPOSE: 2021 NELP CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comprehensive Health Insurance Association Great Bend, KS | $122,969,212 | $99,936,486 |
Delta Dental Plan Of New Mexico Inc Albuquerque, NM | $81,908,346 | $75,517,286 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Valley-Wide Health Systems Inc Alamosa, CO | $46,697,315 | $52,431,671 |
Delta Dental Plan Of Wyoming Cheyenne, WY | $25,241,153 | $47,484,534 |
Colorado Health Benefit Exchange Denver, CO | $41,211,882 | $42,741,707 |
Nurse Family Partnership Denver, CO | $58,934,670 | $51,421,295 |
Uchealth Laboratory Services Llc Denver, CO | $0 | $34,399,374 |
Washington State Health Insurance Pool Great Bend, KS | $15,414,499 | $29,306,973 |
Delta Dental Of Nebraska Omaha, NE | $13,547,591 | $26,037,391 |
Zion Health St George, UT | $13,690,027 | $30,278,817 |
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |