LOCAL FIRST FOUNDATION: Form 990EZ, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LOCAL FIRST FOUNDATION (EIN 32-0600640)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202523189349206512
- Schema version
- 2024v5.2
- 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 | 2025-11-14T16:27:09-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 832909151 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKHAWK ACCOUNTING LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 212 JENKINS RANCH RD UNIT B | AddressLine1Txt |
| City | DURANGO | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | 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) |
|---|---|---|
| In Care Of | % Douglas McCarthy | InCareOfNm |
| 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 | DOUGLAS MCCARTHY | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 9707996618 | PhoneNum |
| Signature | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
| 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 | TROY WELLS | PreparerPersonNm |
| PTIN | P02230023 | PTIN |
| Phone | 8453899893 | PhoneNum |
| Preparation | 2025-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $189,601 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $179,092 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $8,865 | ProgramServiceRevenueAmt |
| Investment Income | $1,644 | InvestmentIncomeAmt |
| Total Revenue | $189,601 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $88,003 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $4,679 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $7,621 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $104,530 | OtherExpensesTotalAmt |
| Total Expenses | $204,833 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$15,232 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $95,029 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | -$17,141 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $62,656 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,086 | BOYAmt |
| EOY | $56,823 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250 | BOYAmt |
| EOY | $5,833 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,336 | BOYAmt |
| EOY | $62,656 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,307 | BOYAmt |
| EOY | $0 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,029 | BOYAmt |
| EOY | $62,656 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | See Schedule O | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Program Service ExpensesProgramServiceExpensesAmt |
|---|---|
| Our Healthcare Initiative promotes affordable health insurance options to reduce the high cost of living and foster well-being for Southwest Colorado residents. | $43,151 |
| Our Local Self-Reliance Program raises public awareness of the value of participating in the local circular economy and investing in our community. | $52,528 |
| The Durango Creative District was fiscally sponsored by Local First Foundation until Oct. 31, 2024. | $106,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $202,333 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| Kip Koso | ||||
| Chair | 2.00 | $0 | $0 | $0 |
| Jeanne Szczech | ||||
| Secretary | 1.00 | $0 | $0 | $0 |
| John Lopez | ||||
| Treasurer | 1.00 | $0 | $0 | $0 |
| Douglas McCarthy | ||||
| Executive Director | 20.00 | $2,915 | $0 | $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 |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Douglas McCarthy | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Related Org Sect527 Org | false | RelatedOrgSect527OrgInd |
| 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 Minus4 Years | $154,422 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $236,534 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $222,492 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $180,907 | CurrentTaxYearAmt |
| Total | $847,009 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $154,422 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $236,534 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $222,492 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $180,907 | CurrentTaxYearAmt |
| Total | $847,009 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $847,009 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $227 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,601 | CurrentTaxYearAmt |
| Total | $1,846 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,166 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,628 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,163 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,620 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,050 | CurrentTaxYearAmt |
| Total | $33,627 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $882,482 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,865 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.95980 | PublicSupportCY170Pct |
| Public Support PY170 | 0.96130 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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 (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Description of other expenses Part I line 16 | Description AmountAdvertising 1,884Allocation to Local First IBA 20,000Bad Debt Exp 250Development & Training 371Dues & Subscriptions 737Gifts & Volunteer Support 94Insurance 1,715Interest Expenses 1,687Licenses 300Office Supplies 1,867Payment Processing Fees 167Payroll Processing Fees 1,715Payroll Resource Sharing 49,616Payroll Taxes 7,128Software Expenses 11,259Supplies 1,231Telecommunications 1,606Travel Exp & Travel Meals 2,903 |
| Other changes in net assets or fund balances Part I line 20 | Description AmountFiscal Sponsor Org Trans DCD (17,141) |
| Description of other assets Part II line 24 | Category Beginning of Year End of YearAccount Receivable 250 2,100Due to LF 0 3,733 |
| Description of total liabilities Part II line 26 | Category Beginning of Year End of YearDue to/from LF 26,307 0 |
| Part III response or note to any other line in Part III | Misson Statement: 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. Accomplishments Line 28: Our partnership with Peak Health Alliance, a nonprofit healthcare purchasing cooperative, fosters health insurance affordability by increasing market competition. We conduct outreach to educate businesses and residents about their health insurance options through workshops co-sponsored with business groups and at community events such as health fairs. A peer-reviewed study found that marketplace premiums were 13% to 17% lower for everyone in counties served by Peak Health Alliance compared to other Colorado counties. Accomplishments Line 29: This program provided general sponsorship of Durango First Fridays in which local businesses serve as a venue where local artists and artisans can showcase their work to the general public, thereby advancing community arts and culture and strengthening the local creative economy. Accomplishments Line 30: The Durango Creative District promotes the local creative economy by providing resources, advocacy, and community building opportunities. |
| Part VI response or note to any line in Part VI | Explanation of Line 49a: Local First Foundation made a grant to the Local First Independent Business Alliance (501c6 exempt organization) to sponsor Durango First Fridays in which local businesses serve as a venue where local artists and artisans showcase their work to the general public, thereby advancing community arts and culture and strengthening the local creative economy. |