Civic Intelligence

Local First Inc

990 • Fiscal year 2017 • EIN 27-3083017

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 19, 2018

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

0.26x

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.11x

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

88th percentile

$56,667

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

61%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$101,947

Up $18,334 (+22%) from 2016

Net Assets

Up

$75,291

Up $29,919 (+66%) from 2016

Liabilities

Down

$26,656

Down $11,585 (-30%) from 2016

Revenue

Up

$245,039

Up $92,682 (+61%) from 2016

Expenses

Up

$214,970

Up $36,845 (+21%) from 2016

Net Income

Up

$30,069

Up $55,837 (+217%) from 2016

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

2017

Assets$101,947
Liabilities$26,656
Net Assets$75,291

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

2017

Revenue$245,039
Expenses$214,970
Net Income$30,069
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 19, 2018
Return Version
2017v2.2
Gross Receipts
$245,789
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,336$68,554▲ $7,218
Accounts Receivable$16,073$27,905▲ $11,832
Prepaid Expenses and Deferred Charges$5,668$3,542▼ $2,126
Land, Buildings, and Equipment, Net$536$1,946▲ $1,410
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-
Total Assets$83,613$101,947▲ $18,334
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$30,510$25,788▼ $4,722
Deferred Revenue$7,340--
Other Liabilities$391$868▲ $477
Total Liabilities$38,241$26,656▼ $11,585
Net Assets / Fund Balance
Unrestricted Net Assets$45,372$75,291▲ $29,919
Total Net Assets Fund Balance$45,372$75,291▲ $29,919
Total Liabilities and Net Assets / Fund Balance$83,613$101,947▲ $18,334

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,946$12,083$14,029
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monique DiGiorgioManaging DirectorFT$56,667$56,667

Board Members and Trustees

NameTitle
Tim WheelerChairman
Ted WrightVice Chair
Cathy WakemanDirector
Jennifer JenkinsDirector
Joy MartinDirector
Peter SchertzDirector
Scott SmithDirector
Amber DavisSecretary
John LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,465
Program Service Revenue
$211,294
Investment Income
$5
Other Revenue
$6,275
All Other Contributions
$10,365
Change in Net Assets
$30,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,924
Other Expenses$107,046
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---$56,667
Other Salaries and Wages---$43,470
All Other Expenses---$17,225
Fees for Services Other---$8,096
Occupancy---$7,800
Payroll Taxes---$7,787
Advertising---$7,055
Other Expenses---$6,278
Insurance---$5,506
Travel---$2,651
Information Technology---$2,105
Fees for Services Accounting---$989
Depreciation Depletion---$165
Total Functional Expenses$0$0$0$214,970
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
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$868
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
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, supporting 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 available to the public upon request.

Filing and Contact Details

Filer

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

Signing Officer

Name
Monique DiGiorgio
Title
Managing Director
Signed
2018-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monique DiGiorgio
Formed
2010
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
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.

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05668
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03542
IRS990/PrincipalOfficerNm0Monique DiGiorgio
IRS990/PriorPeriodAdjustmentsAmt0-150
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Be Local
IRS990/ProgramServiceRevenueGrp/Desc1Eat Local
IRS990/ProgramServiceRevenueGrp/Desc2Independents Week
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Noel Night
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0143832
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt332830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0143832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt332830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45382
IRS990/ProgSrvcAccomActy2Grp/Desc0Be Local Book - Annual publication and business support program to promote supporting local businesses and educate about local economies. Our theme for 2017/2018 was "Ten Years in the Making".
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt065536
IRS990/ProgSrvcAccomActy3Grp/Desc0Eat Local - Annual campaign to promote local farms and goods producers, and to educate the public about healthy, local eating. Spearhead the Durango Regional Food Recovery Hub in coordination with non-profit partners. Host annual Harvest Dinner to support local food and businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019051
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028
IRS990/PYInvestmentIncomeAmt07
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt093646
IRS990/PYOtherRevenueAmt02171
IRS990/PYProgramServiceRevenueAmt0150151
IRS990/PYRevenuesLessExpensesAmt0-25768
IRS990/PYSalariesCompEmpBnftPaidAmt084479
IRS990/PYTotalExpensesAmt0178125
IRS990/PYTotalRevenueAmt0152357
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030069
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01946
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012083
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sales tax payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01946
IRS990ScheduleD/TotalLiabilityAmt0868
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members shall be locally-owned, independent businesses and farms, organizations, supporting 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 available 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt083613
IRS990/TotalAssetsEOYAmt0101947
IRS990/TotalAssetsGrp/BOYAmt083613
IRS990/TotalAssetsGrp/EOYAmt0101947
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027465
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0214970
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038241
IRS990/TotalLiabilitiesEOYAmt026656
IRS990/TotalLiabilitiesGrp/BOYAmt038241
IRS990/TotalLiabilitiesGrp/EOYAmt026656
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045372
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt075291
IRS990/TotalOtherProgSrvcExpenseAmt06409
IRS990/TotalProgramServiceExpensesAmt0206981
IRS990/TotalProgramServiceRevenueAmt0211294
IRS990/TotalReportableCompFromOrgAmt056667
IRS990/TotalRevenueGrp/ExclusionAmt0-566
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0218140
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0245039
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083613
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101947
IRS990/TravelGrp/TotalAmt02651
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt045372
IRS990/UnrestrictedNetAssetsGrp/EOYAmt075291
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 2058
IRS990/USAddress/CityNm0Durango
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081302
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.local-first.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Monique DiGiorgio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Managing Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Local First
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/PreparerFirmEIN0841073179
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FredrickZink & Associates PC CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0954 East 2nd Avenue 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Durango

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