Civic Intelligence

Local First Inc

990 • Fiscal year 2019 • EIN 27-3083017

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 14, 2020

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

91st percentile

0.49x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.10x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

6th percentile

-45%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-14%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$55,423

Down $45,176 (-45%) from 2018

Net Assets

Down

$28,400

Down $57,664 (-67%) from 2018

Liabilities

Up

$27,023

Up $12,488 (+86%) from 2018

Revenue

Down

$268,804

Down $42,632 (-14%) from 2018

Expenses

Up

$326,318

Up $25,805 (+8.6%) from 2018

Net Income

Down

-$57,514

Down $68,437 (-627%) from 2018

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

2019

Assets$55,423
Liabilities$27,023
Net Assets$28,400

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

2019

Revenue$268,804
Expenses$326,318
Net Income-$57,514
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 14, 2020
Return Version
2019v5.0
Gross Receipts
$268,804
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$49,407$31,926▼ $17,481
Cash and Non-Interest-Bearing Accounts$41,642$20,121▼ $21,521
Prepaid Expenses and Deferred Charges$4,958$0▼ $4,958
Land, Buildings, and Equipment, Net$4,592$3,376▼ $1,216
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$100,599$55,423▼ $45,176
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$13,534$27,023▲ $13,489
Other Liabilities$1,001--
Total Liabilities$14,535$27,023▲ $12,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,064$28,400▼ $57,664
Total Net Assets Fund Balance$86,064$28,400▼ $57,664
Total Liabilities and Net Assets / Fund Balance$100,599$55,423▼ $45,176

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,376$14,331$17,707
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monique DiGiorgioManaging DirectorFT$52,440$52,440

Board Members and Trustees

NameTitle
Steve EliasChairman
Tim WheelerVice Chair
Elsa JagnieckiDirector
Joy MartinDirector
Kristin MuraroDirector
Mary OswaldDirector
Peter SchertzDirector
Ted WrightDirector
Lisa MastnySecretary
John LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,190
Program Service Revenue
$174,579
Investment Income
$10
Other Revenue
$17,025
All Other Contributions
$77,190
Change in Net Assets
$-57,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$205,313
Other Expenses$121,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$131,656
Current Officers, Directors, Trustees, and Key Employees---$52,440
Fees for Services Other---$22,646
All Other Expenses---$18,512
Payroll Taxes---$16,909
Occupancy---$10,800
Other Expenses---$4,950
Travel---$4,459
Information Technology---$4,381
Other Employee Benefits---$4,308
Advertising---$2,599
Insurance---$2,588
Depreciation Depletion---$1,216
Fees for Services Accounting---$1,069
Total Functional Expenses$0$0$0$326,318
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-
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
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
2020-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monique DiGiorgio
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
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. Collaborated in establishing and impleneting the Durango Creative District to support and build a creative economy and the launch of the Southwest Health Alliance to increase health literacy and reduce insurance premiums for businesses and individuals to keep healthcare dollars recirculating locally and support the local, independent business community, including healthcare practitioners.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt016909
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04958
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Monique DiGiorgio
IRS990/PriorPeriodAdjustmentsAmt0-150
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Be Local
IRS990/ProgramServiceRevenueGrp/Desc1Collaborative Marketing
IRS990/ProgramServiceRevenueGrp/Desc2Eat Local
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Noel Night
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0102680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt336909
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0102680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt336909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42217
IRS990/ProgSrvcAccomActy2Grp/Desc0Be Local Book - Annual publication and business support program to promote supporting local businesses and educate about local economies. Our theme for 2019/2020 was "Look Local First".
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056269
IRS990/ProgSrvcAccomActy3Grp/Desc0Eat Local - Annual campaign to promote local farms and goods producers, and to educate the public about healthy, local eating. Spearhead and implement the Good Food Collective in coordination with non-profit partners. Host annual Harvest Dinner to support local food and businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt010754
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt090918
IRS990/PYInvestmentIncomeAmt05
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0112352
IRS990/PYOtherRevenueAmt011502
IRS990/PYProgramServiceRevenueAmt0209011
IRS990/PYRevenuesLessExpensesAmt010923
IRS990/PYSalariesCompEmpBnftPaidAmt0188161
IRS990/PYTotalExpensesAmt0300513
IRS990/PYTotalRevenueAmt0311436
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-57514
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03376
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014331
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017707
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03376
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. Collaborated in establishing and impleneting the Durango Creative District to support and build a creative economy and the launch of the Southwest Health Alliance to increase health literacy and reduce insurance premiums for businesses and individuals to keep healthcare dollars recirculating locally and support the local, independent business community, including healthcare practitioners.
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0100599
IRS990/TotalAssetsEOYAmt055423
IRS990/TotalAssetsGrp/BOYAmt0100599
IRS990/TotalAssetsGrp/EOYAmt055423
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077190
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0326318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014535
IRS990/TotalLiabilitiesEOYAmt027023
IRS990/TotalLiabilitiesGrp/BOYAmt014535
IRS990/TotalLiabilitiesGrp/EOYAmt027023
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028400
IRS990/TotalOtherProgSrvcExpenseAmt03178
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0893
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0893
IRS990/TotalProgramServiceExpensesAmt0226968
IRS990/TotalProgramServiceRevenueAmt0174579
IRS990/TotalReportableCompFromOrgAmt052440
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191614
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0268804
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100599
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt055423
IRS990/TravelGrp/TotalAmt04459
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 2058
IRS990/USAddress/CityNm0Durango
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081302
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.local-first.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Monique DiGiorgio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Managing Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-14
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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