Civic Intelligence

Local First Inc

990 • Fiscal year 2018 • EIN 27-3083017

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 17, 2019

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

78th percentile

0.14x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

53rd percentile

3.5%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$66,483

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

42nd percentile

-1.3%

Faster asset growth than 42% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

27%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$100,599

Down $1,348 (-1.3%) from 2017

Net Assets

Up

$86,064

Up $10,773 (+14%) from 2017

Liabilities

Down

$14,535

Down $12,121 (-45%) from 2017

Revenue

Up

$311,436

Up $66,397 (+27%) from 2017

Expenses

Up

$300,513

Up $85,543 (+40%) from 2017

Net Income

Down

$10,923

Down $19,146 (-64%) from 2017

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

2018

Assets$100,599
Liabilities$14,535
Net Assets$86,064

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

2018

Revenue$311,436
Expenses$300,513
Net Income$10,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 17, 2019
Return Version
2018v3.1
Gross Receipts
$311,436
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
Accounts Receivable$27,905$49,407▲ $21,502
Cash and Non-Interest-Bearing Accounts$68,554$41,642▼ $26,912
Prepaid Expenses and Deferred Charges$3,542$4,958▲ $1,416
Land, Buildings, and Equipment, Net$1,946$4,592▲ $2,646
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$101,947$100,599▼ $1,348
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$25,788$13,534▼ $12,254
Other Liabilities$868$1,001▲ $133
Total Liabilities$26,656$14,535▼ $12,121
Net Assets / Fund Balance
Unrestricted Net Assets$75,291$86,064▲ $10,773
Total Net Assets Fund Balance$75,291$86,064▲ $10,773
Total Liabilities and Net Assets / Fund Balance$101,947$100,599▼ $1,348

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,592$13,115$17,707
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monique DiGiorgioManaging DirectorFT$66,483$66,483

Board Members and Trustees

NameTitle
Tim WheelerChairman
Ted WrightVice Chair
Joy MartinDirector
Lisa MastnyDirector
Mary OswaldDirector
Peter SchertzDirector
Steve EliasDirector
Amber DavisSecretary
John LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,918
Program Service Revenue
$209,011
Investment Income
$5
Other Revenue
$11,502
All Other Contributions
$90,918
Change in Net Assets
$10,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$188,161
Other Expenses$112,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$106,226
Current Officers, Directors, Trustees, and Key Employees---$66,483
All Other Expenses---$18,448
Payroll Taxes---$15,452
Fees for Services Other---$12,940
Occupancy---$9,300
Other Expenses---$5,387
Advertising---$5,355
Information Technology---$4,234
Travel---$3,469
Insurance---$1,901
Depreciation Depletion---$1,032
Fees for Services Accounting---$833
Total Functional Expenses$0$0$0$300,513
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$1,001
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
2019-09-17
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
7
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 working with businesses on social and environmental best practices through the Best for Colorado program. 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. New programs in 2018 include a stakeholder process to establish a Durango Creative District to support and build a creative economy and the completion of a community health needs assessment in partnership with The Durango Network.

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IRS990/ProgramServiceRevenueGrp/Desc0Be Local
IRS990/ProgramServiceRevenueGrp/Desc1Collaborative Marketing
IRS990/ProgramServiceRevenueGrp/Desc2Eat Local
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Noel Night
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0131020
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14405
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223140
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt338728
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt49768
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0131020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt338728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49768
IRS990/ProgSrvcAccomActy2Grp/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/Desc0Noel Night - Annual celebration of Downtown Durango merchants, programs and services. This serves as a kickoff to the holiday season for the Durango community and highlights the positive impact of supporting local businesses.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt027465
IRS990/PYInvestmentIncomeAmt05
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0107046
IRS990/PYOtherRevenueAmt06275
IRS990/PYProgramServiceRevenueAmt0211294
IRS990/PYRevenuesLessExpensesAmt030069
IRS990/PYSalariesCompEmpBnftPaidAmt0107924
IRS990/PYTotalExpensesAmt0214970
IRS990/PYTotalRevenueAmt0245039
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010923
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/BookValueAmt04592
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sales tax payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04592
IRS990ScheduleD/TotalLiabilityAmt01001
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 working with businesses on social and environmental best practices through the Best for Colorado program. 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. New programs in 2018 include a stakeholder process to establish a Durango Creative District to support and build a creative economy and the completion of a community health needs assessment in partnership with The Durango Network.
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0101947
IRS990/TotalAssetsEOYAmt0100599
IRS990/TotalAssetsGrp/BOYAmt0101947
IRS990/TotalAssetsGrp/EOYAmt0100599
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt090918
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026656
IRS990/TotalLiabilitiesEOYAmt014535
IRS990/TotalLiabilitiesGrp/BOYAmt026656
IRS990/TotalLiabilitiesGrp/EOYAmt014535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt075291
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086064
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01950
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01950
IRS990/TotalProgramServiceRevenueAmt0209011
IRS990/TotalReportableCompFromOrgAmt066483
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220518
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311436
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101947
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0100599
IRS990/TravelGrp/TotalAmt03469
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt075291
IRS990/UnrestrictedNetAssetsGrp/EOYAmt086064
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Monique DiGiorgio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Managing Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-17
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0813015111
ReturnHeader/PreparerPersonGrp/PhoneNum09702470506
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John M Lopez
ReturnHeader/ReturnTs02019-09-16T23:18:20-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01

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