Civic Intelligence

Local First Inc

990 • Fiscal year 2015 • EIN 27-3083017

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 28, 2016

PO Box 2058Durango, CO 81302

(970) 799-6618

Siviq Scores

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

Liabilities / Assets

84th percentile

0.28x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.12x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

58th percentile

5.4%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

92nd percentile

64%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

64%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$98,442

Up $38,369 (+64%) from 2014

Net Assets

Up

$71,140

Up $12,054 (+20%) from 2014

Liabilities

Up

$27,302

Up $26,315 (+2666%) from 2014

Revenue

Up

$224,369

Up $87,485 (+64%) from 2014

Expenses

Up

$212,315

Up $76,081 (+56%) from 2014

Net Income

Up

$12,054

Up $11,404 (+1754%) from 2014

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2014: $60,073Liabilities 2014: $987Net Assets 2014: $59,0862014Assets 2015: $98,442Liabilities 2015: $27,302Net Assets 2015: $71,1402015Assets 2016: $83,613Liabilities 2016: $38,241Net Assets 2016: $45,3722016Assets 2017: $101,947Liabilities 2017: $26,656Net Assets 2017: $75,2912017Assets 2018: $100,599Liabilities 2018: $14,535Net Assets 2018: $86,0642018Assets 2019: $55,423Liabilities 2019: $27,023Net Assets 2019: $28,4002019Assets 2020: $190,845Liabilities 2020: $121,400Net Assets 2020: $69,4452020Assets 2021: $288,514Liabilities 2021: $120,568Net Assets 2021: $167,9462021Assets 2022: $214,931Liabilities 2022: $121,726Net Assets 2022: $93,2052022Assets 2023: $140,744Liabilities 2023: $129,276Net Assets 2023: $11,4682023Assets 2024: $54,809Liabilities 2024: $127,692Net Assets 2024: -$72,8832024

Highlighted filing

2015

Assets$98,442
Liabilities$27,302
Net Assets$71,140

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $136,884Expenses 2014: $136,234Net Income 2014: $6502014Revenue 2015: $224,369Expenses 2015: $212,315Net Income 2015: $12,0542015Revenue 2016: $152,357Expenses 2016: $178,125Net Income 2016: -$25,7682016Revenue 2017: $245,039Expenses 2017: $214,970Net Income 2017: $30,0692017Revenue 2018: $311,436Expenses 2018: $300,513Net Income 2018: $10,9232018Revenue 2019: $268,804Expenses 2019: $326,318Net Income 2019: -$57,5142019Revenue 2020: $1,469,398Expenses 2020: $1,428,477Net Income 2020: $40,9212020Revenue 2021: $767,058Expenses 2021: $668,557Net Income 2021: $98,5012021Revenue 2022: $167,883Expenses 2022: $239,226Net Income 2022: -$71,3432022Revenue 2023: $159,139Expenses 2023: $240,876Net Income 2023: -$81,7372023Revenue 2024: $191,261Expenses 2024: $275,612Net Income 2024: -$84,3512024

Highlighted filing

2015

Revenue$224,369
Expenses$212,315
Net Income$12,054
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 28, 2016
Return Version
2015v2.0
Gross Receipts
$224,369
Mission and Program Overview

Mission

The mission of Local First is to help locally-owned, independent business and organizations thrive as they work together to build an economy that values people, the planet and prosperity for everyone.

The mission of Loal First is to help locally-owned, independent business and organizations thrive as they work together to build an economy that values people, the planet and prosperity for everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,017$78,669▲ $43,652
Accounts Receivable$25,056$19,072▼ $5,984
Land, Buildings, and Equipment, Net-$701-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$60,073$98,442▲ $38,369
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$826$27,078▲ $26,252
Other Liabilities$161$224▲ $63
Total Liabilities$987$27,302▲ $26,315
Net Assets / Fund Balance
Unrestricted Net Assets$59,086$71,140▲ $12,054
Total Net Assets Fund Balance$59,086$71,140▲ $12,054
Total Liabilities and Net Assets / Fund Balance$60,073$98,442▲ $38,369

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$701$11,753$12,454
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristi StreiffertManaging DirectorFT$37,005$37,005

Board Members and Trustees

NameTitle
Ryan LoweChairman
Lorraine Lobascio TaylorVice Chair
Lori KearneyDirector
Marcus RennerDirector
Rachel Taylor-SaghieDirector
Sam BeardsleyDirector
Scott SmithDirector
Dustin RidgewayManaging Director
Jen LeCroixSecretary
John LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,175
Program Service Revenue
$222,829
Investment Income
$8
Other Revenue
$357
All Other Contributions
$175
Change in Net Assets
$12,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,354
Salaries, Compensation, and Employee Benefits$65,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$37,005
Other Salaries and Wages---$23,001
All Other Expenses---$17,585
Fees for Services Other---$16,186
Occupancy---$6,400
Advertising---$6,048
Payroll Taxes---$5,955
Other Expenses---$5,798
Insurance---$2,173
Payment Travel Entrtnmnt Publicly Ofcl---$1,990
Fees for Services Accounting---$1,839
Information Technology---$622
Depreciation Depletion---$124
Total Functional Expenses$0$0$0$212,315
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales tax payable$224
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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, Line 6: Explanation of Classes of Members or Shareholder

Members shall be locally-owned, independent businesses and farms, organizations, suppoting businesses and individuals who are committed to the purposes of the corporation as outlined in Article 2 of the bylaws.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of Form 990 is provided to the board for review and approval prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

In situations where directors, staff, or agents of corporation, or their extended family members, stand to gain material benefit or suffer material loss from a decision of the corporation, that person shall: a) immediately inform the party charged with making the decision b) help the party making the decision by disclosing any material facts related to the decision c) recusing themselves from the discussion and, if necessary, the casting of votes on the decision.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of managing director is determined based on review of compensation for similar organizations in La Plata county; which is then reviewed by the executive committee and presented to the board for approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are made avaliable to the public upon request.

Filing and Contact Details

Filer

Filer Name
Local First Inc
EIN
27-3083017
Phone
9707996618
Address
PO Box 2058, Durango, CO 81302

Signing Officer

Name
Kristi Streiffert
Title
Managing Director
Signed
2016-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
15

Preparer

Firm
FredrickZink & Associates PC CPAs
Address
954 East 2nd Avenue 201, Durango, CO 81301-5111
Preparer
John M Lopez
Phone
9702470506
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other programs and services to members include consumer targeted campaigns such as Independents Week (celebrating the spirit of independent business in our county) and outreach and mobilization efforts such as bringing in nationally-known speakers on the topic of a resilient local economy. We provide an online business directory, and reach out to the local media with press releases about sustainable economy issues. In addition, we organize members-only networking and collaboration events. OTHER PROGRAM SERVICES 5: Dining Guide - Published 2015 book/magazine to promote supporting local restaurants and related businesses and to educate about local food systems.

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IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt05955
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Be Local
IRS990/ProgramServiceRevenueGrp/Desc1Dining Guide
IRS990/ProgramServiceRevenueGrp/Desc2Eat Local
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Noel Night
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0107895
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169705
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29949
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt330655
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0107895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44625
IRS990/ProgSrvcAccomActy2Grp/Desc0Dining Guide - Published 2015 book/magazine to promote supporting local restaurants and related businesses and to educate about local food systems.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056175
IRS990/ProgSrvcAccomActy3Grp/Desc0Other programs and services to members include consumer targeted campaigns such as Independents Week (celebrating the spirit of independent business in our county) and outreach and mobilization efforts such as bringing in nationally-known speakers on the topic of a resilient local economy. We provide an online business directory, and reach out to the local media with press releases about sustainable economy issues. In addition, we organize members-only networking and collaboration events.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt016419
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06735
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt01990
IRS990/PYOtherExpensesAmt090860
IRS990/PYOtherRevenueAmt060
IRS990/PYProgramServiceRevenueAmt0130060
IRS990/PYRevenuesLessExpensesAmt0650
IRS990/PYSalariesCompEmpBnftPaidAmt045374
IRS990/PYTotalExpensesAmt0136234
IRS990/PYTotalRevenueAmt0136884
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012054
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0701
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011753
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0224
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sales tax payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0701
IRS990ScheduleD/TotalLiabilityAmt0224
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Other programs and services to members include consumer targeted campaigns such as Independents Week (celebrating the spirit of independent business in our county) and outreach and mobilization efforts such as bringing in nationally-known speakers on the topic of a resilient local economy. We provide an online business directory, and reach out to the local media with press releases about sustainable economy issues. In addition, we organize members-only networking and collaboration events. OTHER PROGRAM SERVICES 5: Dining Guide - Published 2015 book/magazine to promote supporting local restaurants and related businesses and to educate about local food systems.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members shall be locally-owned, independent businesses and farms, organizations, suppoting businesses and individuals who are committed to the purposes of the corporation as outlined in Article 2 of the bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is provided to the board for review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In situations where directors, staff, or agents of corporation, or their extended family members, stand to gain material benefit or suffer material loss from a decision of the corporation, that person shall: a) immediately inform the party charged with making the decision b) help the party making the decision by disclosing any material facts related to the decision c) recusing themselves from the discussion and, if necessary, the casting of votes on the decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation of managing director is determined based on review of compensation for similar organizations in La Plata county; which is then reviewed by the executive committee and presented to the board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are made avaliable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt060073
IRS990/TotalAssetsEOYAmt098442
IRS990/TotalAssetsGrp/BOYAmt060073
IRS990/TotalAssetsGrp/EOYAmt098442
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01175
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0987
IRS990/TotalLiabilitiesEOYAmt027302
IRS990/TotalLiabilitiesGrp/BOYAmt0987
IRS990/TotalLiabilitiesGrp/EOYAmt027302
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt059086
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt071140
IRS990/TotalOtherProgSrvcExpenseAmt016372
IRS990/TotalProgramServiceExpensesAmt0169679
IRS990/TotalProgramServiceRevenueAmt0222829
IRS990/TotalReportableCompFromOrgAmt037005
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0223194
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224369
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt098442
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt059086
IRS990/UnrestrictedNetAssetsGrp/EOYAmt071140
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.local-first.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kristi Streiffert
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Managing Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Local First Inc
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0273083017
ReturnHeader/Filer/PhoneNum09707996618
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2058
ReturnHeader/Filer/USAddress/CityNm0Durango
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FredrickZink & Associates PC CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0954 East 2nd Avenue 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Durango

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