Civic Intelligence

Local First Educational Foundation

990 • Fiscal year 2020 • EIN 20-4696543

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 27, 2021

Organization ProfileWWW.LOCALFIRST.COM
345 Fuller NEGrand Rapids, MI 49503

(616) 808-3788

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

31%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-20%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$294,675

Up $70,486 (+31%) from 2019

Net Assets

Up

$293,275

Up $70,224 (+31%) from 2019

Liabilities

Up

$1,400

Up $262 (+23%) from 2019

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin66th percentile

Revenue

Down

$421,645

Down $106,862 (-20%) from 2019

Expenses

Down

$351,421

Down $26,711 (-7.1%) from 2019

Net Income

Down

$70,224

Down $80,151 (-53%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2010: $43,688Liabilities 2010: $83,707Net Assets 2010: -$40,0192010Assets 2011: $44,255Liabilities 2011: $36,246Net Assets 2011: $8,0092011Assets 2012: $38,156Liabilities 2012: $10,008Net Assets 2012: $28,1482012Assets 2013: $106,183Liabilities 2013: $6,000Net Assets 2013: $100,1832013Assets 2014: $174,750Liabilities 2014: $146,439Net Assets 2014: $28,3112014Assets 2015: $284,495Liabilities 2015: $232,837Net Assets 2015: $51,6582015Assets 2016: $99,332Liabilities 2016: $50,961Net Assets 2016: $48,3712016Assets 2017: $91,003Liabilities 2017: $0Net Assets 2017: $91,0032017Assets 2018: $98,769Liabilities 2018: $26,093Net Assets 2018: $72,6762018Assets 2019: $224,189Liabilities 2019: $1,138Net Assets 2019: $223,0512019Assets 2020: $294,675Liabilities 2020: $1,400Net Assets 2020: $293,2752020Assets 2021: $221,915Liabilities 2021: $2,120Net Assets 2021: $219,7952021Assets 2022: $214,465Liabilities 2022: $2,840Net Assets 2022: $211,6252022Assets 2023: $61,474Liabilities 2023: $1,750Net Assets 2023: $59,7242023Assets 2024: $153,020Liabilities 2024: $0Net Assets 2024: $153,0202024

Highlighted filing

2020

Assets$294,675
Liabilities$1,400
Net Assets$293,275
Open 2020 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $42,040Expenses 2010: $71,351Net Income 2010: -$29,3112010Revenue 2011: $195,425Expenses 2011: $147,397Net Income 2011: $48,0282011Revenue 2012: $194,844Expenses 2012: $194,975Net Income 2012: -$1312012Revenue 2013: $227,838Expenses 2013: $155,803Net Income 2013: $72,0352013Revenue 2014: $117,042Expenses 2014: $194,914Net Income 2014: -$77,8722014Revenue 2015: $298,625Expenses 2015: $275,278Net Income 2015: $23,3472015Revenue 2016: $267,965Expenses 2016: $271,252Net Income 2016: -$3,2872016Revenue 2017: $381,570Expenses 2017: $338,938Net Income 2017: $42,6322017Revenue 2018: $255,954Expenses 2018: $274,281Net Income 2018: -$18,3272018Revenue 2019: $528,507Expenses 2019: $378,132Net Income 2019: $150,3752019Revenue 2020: $421,645Expenses 2020: $351,421Net Income 2020: $70,2242020Revenue 2021: $224,548Expenses 2021: $298,028Net Income 2021: -$73,4802021Revenue 2022: $389,138Expenses 2022: $397,308Net Income 2022: -$8,1702022Revenue 2023: $506,027Expenses 2023: $657,928Net Income 2023: -$151,9012023Revenue 2024: $972,764Expenses 2024: $879,468Net Income 2024: $93,2962024

Highlighted filing

2020

Revenue$421,645
Expenses$351,421
Net Income$70,224
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 27, 2021
Return Version
2020v4.1
Gross Receipts
$421,645
Mission and Program Overview

Mission

To promote the development of a sustainable west michigan economy through business and consumer education.

To provide business education to local businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$223,051$293,275▲ $70,224
Cash and Non-Interest-Bearing Accounts$4,476$65,395▲ $60,919
Land, Buildings, and Equipment, Net$18,676$29,292▲ $10,616
Accounts Receivable$769$3,750▲ $2,981
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$224,189$294,675▲ $70,486
Other Assets Total$200,268$196,238▼ $4,030
Liabilities
Accounts Payable and Accrued Expenses$1,138$1,400▲ $262
Total Liabilities$1,138$1,400▲ $262
Net Assets / Fund Balance
Total Net Assets Fund Balance$223,051$293,275▲ $70,224
Total Liabilities and Net Assets / Fund Balance$224,189$294,675▲ $70,486

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,292$29,064-
Other Assets Org$196,238--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Doris DrainBoard Chair
Gary GlassBoard Member
Michelle HoexumBoard Member
Tarence LauchieBoard Member
Cj SchneiderSecretary
Jason WheelerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,923
Program Service Revenue
$46,722
Investment Income
$0
Other Revenue
$0
All Other Contributions
$366,923
Change in Net Assets
$70,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,921
Total Fundraising Expense$48,052
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$136,518$38,041$38,040$212,599
Fees for Services Other$51,403$28,684-$80,087
Occupancy-$9,915$9,915$19,830
Grants to Domestic Orgs$7,500--$7,500
Depreciation Depletion-$5,328-$5,328
Insurance-$2,235-$2,235
Advertising$2,159--$2,159
Office Expenses$811$320$94$1,225
Fees for Services Accounting-$1,175-$1,175
Other Expenses$987--$987
Travel$294-$3$297
All Other Expenses-$262-$262
Total Functional Expenses$217,409$85,960$48,052$351,421
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
West Michigan Hispanic Chamber of CommerceGrand Rapids, MI501(c)3To Assist Businesses in Grand Rapids South Side Recover From the Economic Effects of Covid-19$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form is prepared by our accountant and reviewed by our treasurer and president.”

Form 990, Part VI, Section B, Line 12C

“To ensure that the organization operates in a manner consistent with its tax-exempt purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic review shall be conducted. The periodic reviews shall, at a miniumu, include the following subjects: a. Whether copensation arrangements and benefits, if any, are reasonable, based on competent survey information and are the results of arm's-length bargaining. B. Whether partnership and joint venture arrangements and arrangements wtih management organizations conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the organization's tax-exempt purposes and do not result in inurement, an impermissible private benefit, or an excess benefit transaction.”

Form 990, Part VI, Section B, Line 15

“The board reviews the salary of the president periodically to determine a level of compensation that is reasonable considering the skills offered compared with others having a similar skill set and the furtherance of the organization's mission. The presdient is a w2 employee of local first of west michigan. Local first educational foundation contracts with local first of west michigan for support.”

Form 990, Part VI, Section C, Line 18

“The 990 is available upon written request to the business office”

Form 990, Part VI, Section C, Line 19

“The conflict of interest policy and financial statements are made available upon written request to the business office.”

Filing and Contact Details

Filer

Filer Name
Local First Educational Foundation
EIN
20-4696543
Phone
6168083788
Address
345 FULLER NE, GRAND RAPIDS, MI 49503

Signing Officer

Name
Hanna Schulze
Title
Executive Director
Phone
6168083788
Signed
2021-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hanna Schulze
Formed
2006
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
10

Preparer

Firm
Vander Ploeg Bergakker & Associates
Address
4145 EMBASSY DRIVE SE, GRAND RAPIDS, MI 49546
Preparer
Steve Johnson
Phone
6169570691
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 51,403. Management and general expenses 28,684. Fundraising expenses 0. Total expenses 80,087.”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01138
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01400
IRS990/AccountsReceivableGrp/BOYAmt0769
IRS990/AccountsReceivableGrp/EOYAmt03750
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE BUSINESS EDUCATION TO LOCAL BUSINESSES
IRS990/AdvertisingGrp/ProgramServicesAmt02159
IRS990/AdvertisingGrp/TotalAmt02159
IRS990/AllOtherContributionsAmt0366923
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0262
IRS990/AllOtherExpensesGrp/TotalAmt0262
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HANNA SCHULZE
IRS990/BooksInCareOfDetail/PhoneNum06168083788
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0345 FULLER NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND RAPIDS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049506
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt04476
IRS990/CashNonInterestBearingGrp/EOYAmt065395
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt08000
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0374923
IRS990/CYGrantsAndSimilarPaidAmt07500
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0343921
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt046722
IRS990/CYRevenuesLessExpensesAmt070224
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0351421
IRS990/CYTotalFundraisingExpenseAmt048052
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0421645
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05328
IRS990/DepreciationDepletionGrp/TotalAmt05328
IRS990/Desc0LOCAL FIRST EDUCATION FOUNDATION WORKS WITH LOCAL BUSINESS TO HELP EDUCATE AND IMPLEMENT SUSTAINABLE BUSINESS PRACTICES AND HOW THESE PRACTICE BUILD THE COMPONENTS OF A MORE SUSTAINABLE ECONOMY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010461
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01175
IRS990/FeesForServicesAccountingGrp/TotalAmt01175
IRS990/FeesForServicesManagementGrp/FundraisingAmt038040
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt038041
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0136518
IRS990/FeesForServicesManagementGrp/TotalAmt0212599
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt028684
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt051403
IRS990/FeesForServicesOtherGrp/TotalAmt080087
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DORIS DRAIN
IRS990/Form990PartVIISectionAGrp/PersonNm1CJ SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY GLASS
IRS990/Form990PartVIISectionAGrp/PersonNm3TARENCE LAUCHIE
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHELLE HOEXUM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt08000
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt07500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt07500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0421645
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02235
IRS990/InsuranceGrp/TotalAmt02235
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029064
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018676
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029292
IRS990/LandBldgEquipCostOrOtherBssAmt058356
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE LEAD THE DEVELOPMENT OF AN ECONOMY GROUNDED IN LOCAL OWNERSHIP THAT MEETS THE BASIC NEEDS OF PEOPLE, BUILDS LOCAL WEALTH AND SOCIAL CAPITAL, FUNCTIONS IN HARMONY WITH OUR ECOSYSTEM, AND ENCOURAGES JOYFUL COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0223051
IRS990/NetAssetsOrFundBalancesEOYAmt0293275
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt09915
IRS990/OccupancyGrp/ManagementAndGeneralAmt09915
IRS990/OccupancyGrp/TotalAmt019830
IRS990/OfficeExpensesGrp/FundraisingAmt094
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0320
IRS990/OfficeExpensesGrp/ProgramServicesAmt0811
IRS990/OfficeExpensesGrp/TotalAmt01225
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0200268
IRS990/OtherAssetsTotalGrp/EOYAmt0196238
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOOD AND BEVERAGE
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL PROGRAMS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3SUPPLIES/SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt07790
IRS990/OtherExpensesGrp/ProgramServicesAmt15947
IRS990/OtherExpensesGrp/ProgramServicesAmt24000
IRS990/OtherExpensesGrp/ProgramServicesAmt3987
IRS990/OtherExpensesGrp/TotalAmt07790
IRS990/OtherExpensesGrp/TotalAmt15947
IRS990/OtherExpensesGrp/TotalAmt24000
IRS990/OtherExpensesGrp/TotalAmt3987
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0HANNA SCHULZE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0SUSTAINABLE BIZ EDUCAT
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038922
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038922
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17800
IRS990/ProgSrvcAccomActy2Grp/Desc0LOCAL FIRST EDUCATION FOUNDATION CONDUCTS COMMUNITY EDUCATION EVENTS, INCLUDING OUR GOOD FOR MICHIGAN PROGRAM, TO EDUCATE BUSINESS ON HOW TO IMPROVE THEIR, SOCIAL, ENVIRONMENTAL AND EMPLOYEE IMPACT, AND WE FACILITATE CONVERSATIONS ABOUT LOCAL OWNERSHIP AND LOCAL INVESTMENT BUILDS A MORE RESILIENT ECONOMY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0206948
IRS990/ProgSrvcAccomActy2Grp/GrantAmt07500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt038922
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0396861
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0378132
IRS990/PYOtherRevenueAmt0-1264
IRS990/PYProgramServiceRevenueAmt0132910
IRS990/PYRevenuesLessExpensesAmt0150375
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0378132
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0528507
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt070224
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07800
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0223051
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0293275
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0374923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0396860
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0206275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0366905
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0295408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01640371
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0351
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt046722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0132910
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt046865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0109175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt065219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0400891
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0422
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt02041262
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0421645
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0529770
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0253140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0476080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0360627
IRS990ScheduleA/Total509Grp/TotalAmt02041262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0421645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0529770
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0253150
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0476141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0360978
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02041684
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt029292
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029064
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt058356
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0196238
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RECEIVABLE FROM LOCAL FIRST OF WEST MICHIGAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029292
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0196238
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST BUSINESSES IN GRAND RAPIDS SOUTH SIDE RECOVER FROM THE ECONOMIC EFFECTS OF COVID-19
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientEIN0275303783
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02007 DIVISION AVE S
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049507
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM IS PREPARED BY OUR ACCOUNTANT AND REVIEWED BY OUR TREASURER AND PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEW SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIUMU, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COPENSATION ARRANGEMENTS AND BENEFITS, IF ANY, ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND ARE THE RESULTS OF ARM'S-LENGTH BARGAINING. B. WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS AND ARRANGEMENTS WTIH MANAGEMENT ORGANIZATIONS CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT, AN IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE SALARY OF THE PRESIDENT PERIODICALLY TO DETERMINE A LEVEL OF COMPENSATION THAT IS REASONABLE CONSIDERING THE SKILLS OFFERED COMPARED WITH OTHERS HAVING A SIMILAR SKILL SET AND THE FURTHERANCE OF THE ORGANIZATION'S MISSION. THE PRESDIENT IS A W2 EMPLOYEE OF LOCAL FIRST OF WEST MICHIGAN. LOCAL FIRST EDUCATIONAL FOUNDATION CONTRACTS WITH LOCAL FIRST OF WEST MICHIGAN FOR SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS AVAILABLE UPON WRITTEN REQUEST TO THE BUSINESS OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 51,403. MANAGEMENT AND GENERAL EXPENSES 28,684. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 80,087.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0224189
IRS990/TotalAssetsEOYAmt0294675
IRS990/TotalAssetsGrp/BOYAmt0224189
IRS990/TotalAssetsGrp/EOYAmt0294675
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0374923
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt048052
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085960
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217409
IRS990/TotalFunctionalExpensesGrp/TotalAmt0351421
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01138
IRS990/TotalLiabilitiesEOYAmt01400
IRS990/TotalLiabilitiesGrp/BOYAmt01138
IRS990/TotalLiabilitiesGrp/EOYAmt01400
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0223051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0293275
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0217409
IRS990/TotalProgramServiceRevenueAmt046722
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0421645
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0224189
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0294675
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt03
IRS990/TravelGrp/ProgramServicesAmt0294
IRS990/TravelGrp/TotalAmt0297
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0345 FULLER NE
IRS990/USAddress/CityNm0GRAND RAPIDS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049503
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LOCALFIRST.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HANNA SCHULZE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06168083788
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL FIRST EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0204696543

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$294,675
Liabilities
$1,400
Net assets
$293,275
Revenue
$421,645
Expenses
$351,421
Net income
$70,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$9.73$8.79$0.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.02$0.60$5.06$6.58$1.52
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.03$2.12$3.89$3.97$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.02$2.20$2.25$2.98$0.73
2020Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.93$4.22$3.51$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.01$2.23$5.29$3.78$1.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.26$0.73$2.56$2.74$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$3.82$3.39$0.43
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.51$0.48$2.68$2.71$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$2.33$0.52$2.99$2.75$0.23
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$1.46$0.28$1.17$1.95$0.78
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.06$1.00$2.28$1.56$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.10$0.28$1.95$1.95$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.36$0.08$1.95$1.47$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.84$0.40$0.42$0.71$0.29