LOCAL FIRST FOUNDATION: Form 990EZ, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LOCAL FIRST FOUNDATION (EIN 32-0600640)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-10
- IRS object ID
- 202343149349203364
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-10T14:10:43-08:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 841073179 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fredrick Zink & Associates PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 954 E Second Ave Ste 201 | AddressLine1Txt |
| City | Durango | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320600640 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Local First Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOCA | BusinessNameControlTxt |
| Phone | 9707996618 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2058 | AddressLine1Txt |
| City | Durango | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81302 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lauren Berutich | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Signature | 2023-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Lauren | PersonFirstNm |
| Person Last | Berutich | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | John M Lopez | PreparerPersonNm |
| PTIN | P00366590 | PTIN |
| Phone | 9702470506 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | foundation@local-first.org | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $62,808 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $52,654 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $10,144 | ProgramServiceRevenueAmt |
| Investment Income | $10 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $62,808 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $140,000 | GrantsAndSimilarAmountsPaidAmt |
| Salaries Other Comp Empl Bnft | $90,034 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $2,783 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $2,838 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $406 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $6,834 | OtherExpensesTotalAmt |
| Total Expenses | $242,895 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$180,087 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $171,762 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$8,325 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,184 | BOYAmt |
| EOY | $72,859 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,819 | BOYAmt |
| EOY | $11,700 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,003 | BOYAmt |
| EOY | $84,559 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,241 | BOYAmt |
| EOY | $92,884 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,762 | BOYAmt |
| EOY | -$8,325 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | 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. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Program Service ExpensesProgramServiceExpensesAmt | Grants And AllocationsGrantsAndAllocationsAmt |
|---|---|---|
| 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. | $27,382 | |
| Local First advocates for keeping energy dollars re-circulating locally to create jobs, support the local energy industry, and maintain our quality of life. A prime example of economic prosperity that is leaving our community is found in our local not-for-profit electrical distribution and public power cooperative, the La Plata Electric Association (LPEA). LPEA relies on Tri-State Generation & Transmission Association for power along with 43 other members across Colorado, New Mexico, Nebraska and Wyoming. Currently, our energy comes from LPEA, which is part of a larger energy co-op called Tri-State. LPEA is required to purchase 95% of our electricity from Tri-State until 2050 because of a long-term contract that was renewed with Tri-State. Tri-States energy is over 60% coal produced, making them the 2nd worst climate emitting electricity producer in the country. | $5,602 | |
| 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. | $153,881 | $140,000 |
| hrive! is a coalition of local workers, employers, elected officials, and public partners who care about the long-term economic health and social well-being of La Plata County. Thrive!s most recognizable initiatives is our Employer Recognition Program a voluntary certification for local businesses that identifies and celebrates employers who are paying a living wage for all their employees. Since it began in 2014, the recognition program has certified a coalition of over 100 businesses, and momentum continues to grow. | $4,399 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $191,264 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Ted Wright | ||
| Chairman | 4.00 | $0 |
| Tim Wheeler | ||
| Vice Chair | 3.00 | $0 |
| John Lopez | ||
| Treasurer | 3.00 | $0 |
| Lauren Berutich-as of 012023 | ||
| Executive Dir. | 25.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lauren Berutich | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2058 | AddressLine1Txt |
| City | Durango | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81302 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9707996618 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $38,741 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $152,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $236,534 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,654 | CurrentTaxYearAmt |
| Total | $480,351 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $38,741 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $152,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $236,534 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,654 | CurrentTaxYearAmt |
| Total | $480,351 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $480,351 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $3 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10 | CurrentTaxYearAmt |
| Total | $18 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,478 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,166 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,628 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,163 | CurrentTaxYearAmt |
| Total | $19,435 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $499,804 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
| Public Support CY170 | 0.00000 | PublicSupportCY170Pct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (19 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Grants and Similar Amounts Paid In Excess of $5,000.1 | Class of Activity: Acquisition | Donee's Name: Westside Mobile Home Park | Donee's Address: 21134 US-160 Durango CO 81301 | Relationship of Donee: None | Cash Amount Given: $140000 |
| Other Expenses.1001 | Advertising and Promotion $546 |
| Other Expenses.1002 | Office Expenses $564 |
| Other Expenses.1005 | Travel $945 |
| Other Expenses.1008 | Interest $550 |
| Other Expenses.1012 | Insurance $408 |
| Other Expenses.1 | Payroll resource sharing $1305 |
| Other Expenses.2 | Payroll Processing Fees $727 |
| Other Expenses.3 | Telephone $697 |
| Other Expenses.4 | Bank & Card Fees $513 |
| Other Expenses.6 | Event expenses $276 |
| Other Expenses.7 | Development and training $175 |
| Other Expenses.8 | Other $98 |
| Other Expenses.9 | Fees and permits $30 |
| Other Assets.1005 | Accounts Receivable - Beginning $100819 Accounts Receivable - Ending $11250 |
| Other Assets.1 | Due from LF - Beginning $0 Due from LF - Ending $450 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $1927 Accounts Payable and Accrued Expenses - Ending $9056 |
| Total Liabilities.1 | Agency funds - Beginning $65314 Agency funds - Ending $53828 |
| Total Liabilities.2 | Due from LF - Beginning $0 Due from LF - Ending $30000 |