Civic Intelligence

Local First Arizona Foundation

990 • Fiscal year 2018 • EIN 26-1657951

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 05, 2019

407 E Roosevelt StreetPhoenix, AZ 85004

(602) 956-0909

Siviq Scores

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

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.17x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

47th percentile

2.1%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$106,051

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

73rd percentile

10%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$459,444

Up $43,637 (+10%) from 2017

Net Assets

Up

$270,664

Up $13,941 (+5.4%) from 2017

Liabilities

Up

$188,780

Up $29,696 (+19%) from 2017

Revenue

Up

$1,082,829

Up $330,353 (+44%) from 2017

Expenses

Up

$1,059,569

Up $330,967 (+45%) from 2017

Net Income

Down

$23,260

Down $614 (-2.6%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $96,192Liabilities 2011: $7,759Net Assets 2011: $88,4332011Assets 2012: $109,067Liabilities 2012: $4,646Net Assets 2012: $104,4212012Assets 2013: $101,366Liabilities 2013: $819Net Assets 2013: $100,5472013Assets 2014: $116,380Liabilities 2014: $5,000Net Assets 2014: $111,3802014Assets 2015: $116,788Liabilities 2015: $204Net Assets 2015: $116,5842015Assets 2016: $229,373Liabilities 2016: $204Net Assets 2016: $229,1692016Assets 2017: $415,807Liabilities 2017: $159,084Net Assets 2017: $256,7232017Assets 2018: $459,444Liabilities 2018: $188,780Net Assets 2018: $270,6642018Assets 2019: $494,732Liabilities 2019: $195,900Net Assets 2019: $298,8322019Assets 2020: $1,578,023Liabilities 2020: $275,417Net Assets 2020: $1,302,6062020Assets 2021: $3,232,104Liabilities 2021: $596,175Net Assets 2021: $2,635,9292021Assets 2022: $4,151,480Liabilities 2022: $1,008,478Net Assets 2022: $3,143,0022022Assets 2023: $5,416,448Liabilities 2023: $2,364,157Net Assets 2023: $3,052,2912023Assets 2024: $5,346,321Liabilities 2024: $1,981,403Net Assets 2024: $3,364,9182024

Highlighted filing

2018

Assets$459,444
Liabilities$188,780
Net Assets$270,664

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $78,542Expenses 2011: $67,451Net Income 2011: $11,0912011Revenue 2012: $173,589Expenses 2012: $157,601Net Income 2012: $15,9882012Revenue 2013: $230,191Expenses 2013: $234,151Net Income 2013: -$3,9602013Revenue 2014: $297,376Expenses 2014: $281,543Net Income 2014: $15,8332014Revenue 2015: $447,772Expenses 2015: $452,568Net Income 2015: -$4,7962015Revenue 2016: $647,483Expenses 2016: $534,898Net Income 2016: $112,5852016Revenue 2017: $752,476Expenses 2017: $728,602Net Income 2017: $23,8742017Revenue 2018: $1,082,829Expenses 2018: $1,059,569Net Income 2018: $23,2602018Revenue 2019: $1,304,299Expenses 2019: $1,295,377Net Income 2019: $8,9222019Revenue 2020: $14,517,718Expenses 2020: $13,648,298Net Income 2020: $869,4202020Revenue 2021: $5,988,087Expenses 2021: $4,654,764Net Income 2021: $1,333,3232021Revenue 2022: $6,889,263Expenses 2022: $6,382,190Net Income 2022: $507,0732022Revenue 2023: $12,939,628Expenses 2023: $13,030,339Net Income 2023: -$90,7112023Revenue 2024: $10,547,800Expenses 2024: $10,235,173Net Income 2024: $312,6272024

Highlighted filing

2018

Revenue$1,082,829
Expenses$1,059,569
Net Income$23,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 5, 2019
Return Version
2018v3.1
Gross Receipts
$1,084,774
Mission and Program Overview

Mission

Local First Arizona Foundation is a 501c3 non-profit organization providing community and economic development programs and support to the people, businesses and neighborhoods of communities throughout Arizona.

Local first arizona foundation lfaf provides community and economic development programs and support to the people, businesses, and neighborhoods of communities throughout arizona.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$266,986-
Cash and Non-Interest-Bearing Accounts$415,807$190,346▼ $225,461
Total Assets$415,807$459,444▲ $43,637
Other Assets Total-$2,112-
Liabilities
Other Liabilities$159,084$188,780▲ $29,696
Total Liabilities$159,084$188,780▲ $29,696
Net Assets / Fund Balance
Unrestricted Net Assets$256,723$270,664▲ $13,941
Total Net Assets Fund Balance$256,723$270,664▲ $13,941
Total Liabilities and Net Assets / Fund Balance$415,807$459,444▲ $43,637
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimber LanningExecutive DirectorFT$104,167$1,884$106,051

Board Members and Trustees

NameTitle
Jeffrey BrodinBoard Chair
Bo HughesVice Chair
Deanna SalazarDirector
Jenna RowellDirector
Jon FordDirector
Jonathan KoppellDirector
Keisha TatumDirector
Kevin YoungbloodDirector
Levi EsquerraDirector
Will MandevilleSecretary
Robin RomanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$902,757
Program Service Revenue
$174,614
Investment Income
$449
Other Revenue
$5,009
All Other Contributions
$611,517
Change in Net Assets
$23,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$578,151
Other Expenses$375,000
Grants and Similar Amounts Paid$106,418
Total Fundraising Expense$49,840
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$327,630$61,431$20,477$409,538
Conferences and Meetings$236,700$8,799$797$246,296
Grants to Domestic Orgs$106,418--$106,418
Current Officers, Directors, Trustees, and Key Employees$84,841$15,908$5,302$106,051
Payroll Taxes$30,462$5,711$1,904$38,077
Office Expenses$11,200$22,399$3,733$37,332
Occupancy$23,501$4,406$1,469$29,376
Other Employee Benefits$19,588$3,673$1,224$24,485
Travel$17,751--$17,751
Fees for Services Other-$3,035$14,619$17,654
Information Technology$10,181--$10,181
Insurance$2,202$3,776$315$6,293
Advertising$5,414--$5,414
Fees for Services Accounting-$3,045-$3,045
Fees for Services Legal-$1,658-$1,658
Total Functional Expenses$875,888$133,841$49,840$1,059,569
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kimber LanningExecutive DirectorRentNo$19,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unclaimed Property Payable$186,780
Federal income taxes$2,000
Fm Lending Program Funds-
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 family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.

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

At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.

Form 990, Part VI, Section B, Line 15

The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. The board may rely upon salary studies, as well as data regarding compensation paid by peer organizations of similar size to determine reasonable compensation. The terms of such compensation and information relied upon shall be recorded in writing. An individual who is a member of the board who receives compensation, directly or indirectly from the organization for services, is precluded from participating in discussions or votes pertaining to their own compensation. Currently, all directors are volunteers.

Form 990, Part VI, Section C, Line 19

The organization will provide in a timely manner, financial statements, and governing documents including its conflict of interest policies when requested in writing or in person.

Filing and Contact Details

Filer

Filer Name
Local First Arizona Foundation
EIN
26-1657951
Phone
6029560909
Address
407 E ROOSEVELT STREET, PHOENIX, AZ 85004

Signing Officer

Name
Kimber Lanning
Title
Executive Director
Signed
2019-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Brodin
Formed
2007
Legal Domicile
Az
Voting Board Members
11
Independent Board Members
11
Employees
24
Volunteers
50

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 IN 2018, LOCAL FIRST ARIZONA FOUNDATION HOSTED THE ARIZONA FARMERCHEF CONNECTION, AN ANNUAL EVENT WITH THE MISSION OF BUILDING WHOLESALE BUSINESS RELATIONSHIPS BETWEEN FOOD PRODUCERS AND BUYERS. THE FARMERCHEF CONNECTION HAS GROWN FROM BEING AN INTIMATE EVENT TO ONE THAT REACHED OVER 500 ATTENDEES OF ALL KINDS THIS YEAR. MORE THAN 50 OF ATTENDEES WERE REPRESENTED BY BUYERS LOOKING TO SET UP DIRECT WHOLESALE PURCHASE ACCOUNTS WITH ARIZONAS FOOD PRODUCERS. ADDITIONALLY, BUYERS WHO ATTENDED THIS YEAR DEPICTED A WIDE ARRAY OF THOSE LOOKING TO PROCURE CLOSER TO HOME, RANGING FROM LOCALLY-OWNED RESTAURANTS LIKE PHOENIX PUBLIC MARKET CAFE TO LARGE-SCALE PURCHASERS SUCH AS SPROUTS AND ARAMARK.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION STAFF HOLD SERVES ON VARIOUS FOLLOWING BOARDS, COMMISSIONS AND WORKING GROUPS IN FOOD POLICY ACROSS THE STATE TO NETWORK WITH OTHER FOOD SYSTEM ADVOCATES AND LOCAL POLICY OFFICIALS IN ORDER TO AFFECT CHANGE TO INCREASE ACCESS TO HEALTHY LOCAL FOODS IN OUR COMMUNITIES AND STRENGTHEN OUR FOOD SYSTEM ARIZONA FARM TO SCHOOL ADVISORY COUNCIL ARIZONA HUNGER LEADERSHIP COUNCIL ARIZONA SCHOOL GARDEN NETWORK CITY OF TUCSON COMMISSION FOR FOOD SECURITY, HERITAGE AND ECONOMICS FLAGSTAFF FOOD LINK HEALTHY LOCAL FOOD SYSTEM WORKING GROUP MARICOPA COUNTY FOOD SYSTEM COALITION UNIVERSITY OF ARIZONA CENTER FOR REGIONAL FOOD STUDIES YAVAPAI FOOD POLICY COUNCIL.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 AS THE STATES RURAL DEVELOPMENT COUNCIL AZRDC, LOCAL FIRST ARIZONA FOUNDATION HELPS RURAL BUSINESSES BECOME MORE COMPETITIVE AND REDUCE ECONOMIC LEAKAGE FROM THEIR PLACE BY PROVIDING BUSINESS OWNERS TOOLS AND RESOURCES INCLUDING NEW TECHNOLOGY TRAINING, MARKETING OPPORTUNITIES, AND STRATEGIES FOR BUSINESS DEVELOPMENT. ADDITIONALLY, AZRDC WORKS TO DRIVE NEW DOLLARS TO RURAL PLACES THROUGH INCREASING IN-STATE TOURISM BY LEVERAGING ARTS AND CULTURE, MAIN STREETS, AND AGRI-TOURISM. AZRDC ALSO WORKS TO EMPOWER RURAL ARIZONANS TO IMPROVE THEIR ACCESS TO HEALTHY FOODS WHICH HAS HEALTH AND ECONOMIC BENEFITS FOR ALL RESIDENTS. AZRDC FACILITATES A STATEWIDE BLOG, WHICH GETS READ 16,000 TIMES PER MONTH, AN EMAIL LIST OF 25,812 SUBSCRIBERS AND LFA HAS OVER 600,000 SOCIAL MEDIA FOLLOWERS. THESE RESOURCES ARE AVAILABLE FOR OUR RURAL BUSINESSES AND COMMUNITY PARTNERS TO PROMOTE AND EDUCATE ALL ARIZONANS ABOUT ALL THAT RURAL ARIZONA HAS TO OFFER.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION PRESENTED THE ANNUAL ARIZONA RURAL POLICY FORUM, A VENUE FOR CONNECTING RURAL ECONOMIC DEVELOPMENT PROFESSIONALS, NONPROFITS, COMMUNITY LEADERS, BUSINESS OWNERS, AND OTHER RURAL STAKEHOLDERS WHO ARE INTERESTED IN SUSTAINING RURAL COMMUNITIES. THIS YEARS 12TH ANNUAL ARIZONA RURAL POLICY FORUM CONVENED 300 REPRESENTATIVES FROM EVERY ARIZONA COUNTY TO PARTICIPATE IN TWO AND A HALF DAYS OF WORKSHOPS, SPEAKERS, BREAKOUT SESSIONS, TOURS AND MORE. OVER 60 SPEAKERS FROM ARIZONA AND TWO NATIONAL LEADERS IN RURAL ECONOMIC DEVELOPMENT JOINED US IN SAFFORD TO SHARE SUCCESSES AND BEST PRACTICES.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 IN ORDER TO GIVE LOCAL BUSINESSES THE TOOLS THEY NEED TO BE COMPETITIVE, THE LOCAL FIRST ARIZONA FOUNDATION CONDUCTS WORKSHOP AND OUTREACH INITIATIVES FOR RURAL COMMUNITIES ACROSS THE STATE FOCUSED ON A VARIETY OF TOPICS, INCLUDING FOOD ENTREPRENEURSHIP, MARKETING AND COMMUNICATIONS, BUSINESS BEST PRACTICES, AND BRANDING STRATEGIES. IN 2018, THE FOUNDATION EXPANDED SCIENCE HAPPENS HERE, AN EDUCATIONAL GAME FOR STUDENTS GRADES 4 THROUGH 6 THAT INCLUDES COLLECTING TRADING CARDS WITH SCIENCE EXPERIMENTS ON THEM. THE KIDS VISIT THE LOCALLY OWNED BUSINESSES TO COLLECT THE CARDS, EACH OF WHICH CONTAINS ONE EXAMPLE OF SCIENCE RELATING TO THAT BUSINESS. THE GOAL OF SCIENCE HAPPENS HERE IS TWOFOLD TO HELP STUDENTS TO CONSIDER THE SCIENCE THAT HAPPENS IN THE WORLD AROUND THEM AND TO GET THE LOCAL BUSINESS COMMUNITY MORE INVOLVED WITH STEM EDUCATION. OVER 230 RURAL STUDENTS IN SAFFORD AND 160 IN COTTONWOOD, CONDUCTED SCIENCE EXPERIMENTS AND COMPETED FOR PRIZES. 6TH AND 3RD GRADE CLASS WON THE TOP PRIZE, WHICH WAS DISSECTING A SQUID WITH THE TEAM FROM THE ARIZONA SCIENCE CENTER.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 THE LOCAL FIRST ARIZONA FOUNDATION RURAL TECHNOLOGIES PROGRAM WORKS WITH BUSINESSES IN RURAL AREAS THROUGHOUT ARIZONA TO EDUCATE SMALL AND MEDIUM-SIZED BUSINESSES ABOUT DIGITAL MARKETING TOOLS AND HOW THESE TOOLS CAN BRING THEM CLOSER TO CUSTOMERS AND BUSINESS SERVICES LOCATED WITHIN THEIR OWN COMMUNITIES.RESEARCH HAS EMERGED THAT DEMONSTRATES THAT SMALL AND MEDIUM BUSINESSES IN ARIZONAS RURAL COMMUNITIES ARE LESS CONNECTED TO A NETWORK OF CUSTOMERS, SERVICE PROVIDERS OR OPPORTUNITIES FOR COLLABORATION WITHIN THEIR OWN ZIP CODE, TOWN, CITY OR EVEN THE STATE OF ARIZONA.THESE RURAL BUSINESSES ARE REGULAR USERS OF NATIONAL, OR INTERNATIONAL BRANDS, OF SERVICES FEDEX, KINKOS ONLINE, AMAZON SIMPLY BECAUSE THEY ARE UNAWARE OF THE PRINT SHOP, SHIPPING BUSINESS OR THE RETAILER LOCATED WITHIN THEIR OWN COMMUNITY.AND, BECAUSE OF THIS, THESE POTENTIAL PARTNERS THE LOCAL PRINT SHOP, SHIPPING BUSINESS AND RETAILER ARE GOING OUT OF BUSINESS, AND THEIR EMPLOYEES LOSING JOBS, IN AREAS WHERE NEW BUSINESSES ARE SUBSTANTIALLY LESS LIKELY TO EMERGE OR CREATE JOBS.

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION IS WORKING TO HELP THESE BUSINESSES MOVE TO INEXPENSIVE AND EASY-TO-USE DIGITAL MARKETING MEDIUMS THAT CONNECT THEM WITH THEIR LOCAL SUPPLY CHAIN PARTNERS. LOCAL FIRST ARIZONA FOUNDATION PROVIDES TRAINING WORKSHOPS, ON-GOING SUPPORT INFORMATION AND LAUNCH ASSISTANCE TO THESE BUSINESSES ABOUT BUILDING A WEBSITE, UTILIZING OPTIMIZATION TOOLS, PARTICIPATING IN SOCIAL MEDIA PARTICULARLY FACEBOOK, LINKEDIN AND TWITTER AND CREATING MOMENTUM THAT ENCOURAGES THEIR FELLOW BUSINESS MEMBERS AND NEARBY RURAL RESIDENTS TO DO THE SAME. LFAF HAS SERVED 92 RURAL SMALL BUSINESS THIS YEAR WITH NEW TECHNOLOGY WORKSHOPS AND ONGOING CONSULTING FOR IMPROVED BUSINESS CONNECTIVITY AND COMMUNITY.

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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The organization rents space from a business that is fully owned by the Executive Director. The board does a very comprehensive property comparison analysis each time the lease is renewed. The cost for this space is extremely low vs the comparisons.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 IN 2018, LOCAL FIRST ARIZONA FOUNDATION HOSTED THE ARIZONA FARMERCHEF CONNECTION, AN ANNUAL EVENT WITH THE MISSION OF BUILDING WHOLESALE BUSINESS RELATIONSHIPS BETWEEN FOOD PRODUCERS AND BUYERS. THE FARMERCHEF CONNECTION HAS GROWN FROM BEING AN INTIMATE EVENT TO ONE THAT REACHED OVER 500 ATTENDEES OF ALL KINDS THIS YEAR. MORE THAN 50 OF ATTENDEES WERE REPRESENTED BY BUYERS LOOKING TO SET UP DIRECT WHOLESALE PURCHASE ACCOUNTS WITH ARIZONAS FOOD PRODUCERS. ADDITIONALLY, BUYERS WHO ATTENDED THIS YEAR DEPICTED A WIDE ARRAY OF THOSE LOOKING TO PROCURE CLOSER TO HOME, RANGING FROM LOCALLY-OWNED RESTAURANTS LIKE PHOENIX PUBLIC MARKET CAFE TO LARGE-SCALE PURCHASERS SUCH AS SPROUTS AND ARAMARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION STAFF HOLD SERVES ON VARIOUS FOLLOWING BOARDS, COMMISSIONS AND WORKING GROUPS IN FOOD POLICY ACROSS THE STATE TO NETWORK WITH OTHER FOOD SYSTEM ADVOCATES AND LOCAL POLICY OFFICIALS IN ORDER TO AFFECT CHANGE TO INCREASE ACCESS TO HEALTHY LOCAL FOODS IN OUR COMMUNITIES AND STRENGTHEN OUR FOOD SYSTEM ARIZONA FARM TO SCHOOL ADVISORY COUNCIL ARIZONA HUNGER LEADERSHIP COUNCIL ARIZONA SCHOOL GARDEN NETWORK CITY OF TUCSON COMMISSION FOR FOOD SECURITY, HERITAGE AND ECONOMICS FLAGSTAFF FOOD LINK HEALTHY LOCAL FOOD SYSTEM WORKING GROUP MARICOPA COUNTY FOOD SYSTEM COALITION UNIVERSITY OF ARIZONA CENTER FOR REGIONAL FOOD STUDIES YAVAPAI FOOD POLICY COUNCIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 0, Grants and allocations 0, Revenue 0 AS THE STATES RURAL DEVELOPMENT COUNCIL AZRDC, LOCAL FIRST ARIZONA FOUNDATION HELPS RURAL BUSINESSES BECOME MORE COMPETITIVE AND REDUCE ECONOMIC LEAKAGE FROM THEIR PLACE BY PROVIDING BUSINESS OWNERS TOOLS AND RESOURCES INCLUDING NEW TECHNOLOGY TRAINING, MARKETING OPPORTUNITIES, AND STRATEGIES FOR BUSINESS DEVELOPMENT. ADDITIONALLY, AZRDC WORKS TO DRIVE NEW DOLLARS TO RURAL PLACES THROUGH INCREASING IN-STATE TOURISM BY LEVERAGING ARTS AND CULTURE, MAIN STREETS, AND AGRI-TOURISM. AZRDC ALSO WORKS TO EMPOWER RURAL ARIZONANS TO IMPROVE THEIR ACCESS TO HEALTHY FOODS WHICH HAS HEALTH AND ECONOMIC BENEFITS FOR ALL RESIDENTS. AZRDC FACILITATES A STATEWIDE BLOG, WHICH GETS READ 16,000 TIMES PER MONTH, AN EMAIL LIST OF 25,812 SUBSCRIBERS AND LFA HAS OVER 600,000 SOCIAL MEDIA FOLLOWERS. THESE RESOURCES ARE AVAILABLE FOR OUR RURAL BUSINESSES AND COMMUNITY PARTNERS TO PROMOTE AND EDUCATE ALL ARIZONANS ABOUT ALL THAT RURAL ARIZONA HAS TO OFFER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION PRESENTED THE ANNUAL ARIZONA RURAL POLICY FORUM, A VENUE FOR CONNECTING RURAL ECONOMIC DEVELOPMENT PROFESSIONALS, NONPROFITS, COMMUNITY LEADERS, BUSINESS OWNERS, AND OTHER RURAL STAKEHOLDERS WHO ARE INTERESTED IN SUSTAINING RURAL COMMUNITIES. THIS YEARS 12TH ANNUAL ARIZONA RURAL POLICY FORUM CONVENED 300 REPRESENTATIVES FROM EVERY ARIZONA COUNTY TO PARTICIPATE IN TWO AND A HALF DAYS OF WORKSHOPS, SPEAKERS, BREAKOUT SESSIONS, TOURS AND MORE. OVER 60 SPEAKERS FROM ARIZONA AND TWO NATIONAL LEADERS IN RURAL ECONOMIC DEVELOPMENT JOINED US IN SAFFORD TO SHARE SUCCESSES AND BEST PRACTICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Service Expenses 0, Grants and allocations 0, Revenue 0 IN ORDER TO GIVE LOCAL BUSINESSES THE TOOLS THEY NEED TO BE COMPETITIVE, THE LOCAL FIRST ARIZONA FOUNDATION CONDUCTS WORKSHOP AND OUTREACH INITIATIVES FOR RURAL COMMUNITIES ACROSS THE STATE FOCUSED ON A VARIETY OF TOPICS, INCLUDING FOOD ENTREPRENEURSHIP, MARKETING AND COMMUNICATIONS, BUSINESS BEST PRACTICES, AND BRANDING STRATEGIES. IN 2018, THE FOUNDATION EXPANDED SCIENCE HAPPENS HERE, AN EDUCATIONAL GAME FOR STUDENTS GRADES 4 THROUGH 6 THAT INCLUDES COLLECTING TRADING CARDS WITH SCIENCE EXPERIMENTS ON THEM. THE KIDS VISIT THE LOCALLY OWNED BUSINESSES TO COLLECT THE CARDS, EACH OF WHICH CONTAINS ONE EXAMPLE OF SCIENCE RELATING TO THAT BUSINESS. THE GOAL OF SCIENCE HAPPENS HERE IS TWOFOLD TO HELP STUDENTS TO CONSIDER THE SCIENCE THAT HAPPENS IN THE WORLD AROUND THEM AND TO GET THE LOCAL BUSINESS COMMUNITY MORE INVOLVED WITH STEM EDUCATION. OVER 230 RURAL STUDENTS IN SAFFORD AND 160 IN COTTONWOOD, CONDUCTED SCIENCE EXPERIMENTS AND COMPETED FOR PRIZES. 6TH AND 3RD GRADE CLASS WON THE TOP PRIZE, WHICH WAS DISSECTING A SQUID WITH THE TEAM FROM THE ARIZONA SCIENCE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Service Expenses 0, Grants and allocations 0, Revenue 0 THE LOCAL FIRST ARIZONA FOUNDATION RURAL TECHNOLOGIES PROGRAM WORKS WITH BUSINESSES IN RURAL AREAS THROUGHOUT ARIZONA TO EDUCATE SMALL AND MEDIUM-SIZED BUSINESSES ABOUT DIGITAL MARKETING TOOLS AND HOW THESE TOOLS CAN BRING THEM CLOSER TO CUSTOMERS AND BUSINESS SERVICES LOCATED WITHIN THEIR OWN COMMUNITIES.RESEARCH HAS EMERGED THAT DEMONSTRATES THAT SMALL AND MEDIUM BUSINESSES IN ARIZONAS RURAL COMMUNITIES ARE LESS CONNECTED TO A NETWORK OF CUSTOMERS, SERVICE PROVIDERS OR OPPORTUNITIES FOR COLLABORATION WITHIN THEIR OWN ZIP CODE, TOWN, CITY OR EVEN THE STATE OF ARIZONA.THESE RURAL BUSINESSES ARE REGULAR USERS OF NATIONAL, OR INTERNATIONAL BRANDS, OF SERVICES FEDEX, KINKOS ONLINE, AMAZON SIMPLY BECAUSE THEY ARE UNAWARE OF THE PRINT SHOP, SHIPPING BUSINESS OR THE RETAILER LOCATED WITHIN THEIR OWN COMMUNITY.AND, BECAUSE OF THIS, THESE POTENTIAL PARTNERS THE LOCAL PRINT SHOP, SHIPPING BUSINESS AND RETAILER ARE GOING OUT OF BUSINESS, AND THEIR EMPLOYEES LOSING JOBS, IN AREAS WHERE NEW BUSINESSES ARE SUBSTANTIALLY LESS LIKELY TO EMERGE OR CREATE JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program Service Expenses 0, Grants and allocations 0, Revenue 0 LOCAL FIRST ARIZONA FOUNDATION IS WORKING TO HELP THESE BUSINESSES MOVE TO INEXPENSIVE AND EASY-TO-USE DIGITAL MARKETING MEDIUMS THAT CONNECT THEM WITH THEIR LOCAL SUPPLY CHAIN PARTNERS. LOCAL FIRST ARIZONA FOUNDATION PROVIDES TRAINING WORKSHOPS, ON-GOING SUPPORT INFORMATION AND LAUNCH ASSISTANCE TO THESE BUSINESSES ABOUT BUILDING A WEBSITE, UTILIZING OPTIMIZATION TOOLS, PARTICIPATING IN SOCIAL MEDIA PARTICULARLY FACEBOOK, LINKEDIN AND TWITTER AND CREATING MOMENTUM THAT ENCOURAGES THEIR FELLOW BUSINESS MEMBERS AND NEARBY RURAL RESIDENTS TO DO THE SAME. LFAF HAS SERVED 92 RURAL SMALL BUSINESS THIS YEAR WITH NEW TECHNOLOGY WORKSHOPS AND ONGOING CONSULTING FOR IMPROVED BUSINESS CONNECTIVITY AND COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE TREASURER OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE BOARD MAY HIRE AND COMPENSATE INDIVIDUALS FOR NECESSARY SERVICES RENDERED TO THE ORGANIZATION SO LONG AS SUCH COMPENSATION IS REASONABLE. THE BOARD SHALL DETERMINE REASONABLE COMPENSATION AMOUNTS BASED UPON COMPENSATION PAID BY SIMILARLY SITUATED NONPROFITS FOR LIKE SERVICES. THE BOARD MAY RELY UPON SALARY STUDIES, AS WELL AS DATA REGARDING COMPENSATION PAID BY PEER ORGANIZATIONS OF SIMILAR SIZE TO DETERMINE REASONABLE COMPENSATION. THE TERMS OF SUCH COMPENSATION AND INFORMATION RELIED UPON SHALL BE RECORDED IN WRITING. AN INDIVIDUAL WHO IS A MEMBER OF THE BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY FROM THE ORGANIZATION FOR SERVICES, IS PRECLUDED FROM PARTICIPATING IN DISCUSSIONS OR VOTES PERTAINING TO THEIR OWN COMPENSATION. CURRENTLY, ALL DIRECTORS ARE VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES WHEN REQUESTED IN WRITING OR IN PERSON.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Section C, Line 19
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$1.98$3.36$10.5$10.2$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$2.36$3.05$12.9$13.0$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$1.01$3.14$6.89$6.38$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$0.60$2.64$5.99$4.65$1.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.28$1.30$14.5$13.6$0.87
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.20$0.30$1.30$1.30$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.19$0.27$1.08$1.06$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.16$0.26$0.75$0.73$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$0.65$0.53$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.45$0.45$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.30$0.28$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.23$0.23$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.10$0.17$0.16$0.02
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.01$0.09$0.08$0.07$0.01