Local Economies Council
- Assets
- $5.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/2012
- Data as of
- 12/2022
- EIN
- 46-0759252
Organization Overview
Local Economies Council is located in Austin, TX. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Economies Council 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 Economies Council generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.9%) per year over the past 4 years. 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 Program Activity:
Part 3
EDUCATING THE PUBLIC ABOU THE ECONOMIC, CUTURAL AND COMMUNITY BENEFITS OF LOCALLY OWNED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Krueger President/director | 2 | $0 | |
Hill Abell Director | 2 | $0 | |
Kevin Lewis Director/sec | 2 | $0 | |
Michael Searle Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,964 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,964 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,316 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13 |
| Other expenses | $11,381 |
| Total expenses | $17,710 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,377 |
| Other assets | $0 |
| Total assets | $5,280 |
| Total liabilities | $4,274 |
| Net assets or fund balances | $1,006 |