Civic Intelligence

Local First Foundation

990EZ • Fiscal year 2020 • EIN 32-0600640

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

89th percentile

0.54x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.32x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

88th percentile

$34,618

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$97,425

No earlier filing loaded for comparison.

Net Assets

$44,887

No earlier filing loaded for comparison.

Liabilities

$52,538

No earlier filing loaded for comparison.

Revenue

$165,231

No earlier filing loaded for comparison.

Expenses

$128,161

No earlier filing loaded for comparison.

Net Income

$37,070

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2020: $97,425Liabilities 2020: $52,538Net Assets 2020: $44,8872020Assets 2021: $239,003Liabilities 2021: $67,241Net Assets 2021: $171,7622021Assets 2022: $84,559Liabilities 2022: $92,884Net Assets 2022: -$8,3252022Assets 2023: $121,336Liabilities 2023: $26,307Net Assets 2023: $95,0292023Assets 2024: $62,656Liabilities 2024: $0Net Assets 2024: $62,6562024

Highlighted filing

2020

Assets$97,425
Liabilities$52,538
Net Assets$44,887

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $165,231Expenses 2020: $128,161Net Income 2020: $37,0702020Revenue 2021: $255,396Expenses 2021: $128,521Net Income 2021: $126,8752021Revenue 2022: $62,808Expenses 2022: $242,895Net Income 2022: -$180,0872022Revenue 2023: $231,339Expenses 2023: $132,736Net Income 2023: $98,6032023Revenue 2024: $189,601Expenses 2024: $204,833Net Income 2024: -$15,2322024

Highlighted filing

2020

Revenue$165,231
Expenses$128,161
Net Income$37,070
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$165,231
Mission and Program Overview

Mission

The mission of the Local First Foundation is to build self-reliance, sense of place, and well-being for the stakeholders of the La Plata County community.

Program Services

DescriptionGrantsExpenses
Frontline healthcare workers at Mercy Regional Medical Center and across La Plata County are gearing up for the battle against COVID-19. These professionals put their health and lives at risk daily for our community, but the stakes of their risk and the associated additional stress at this time have never been higher. At the same time, local independent restaurants, one of the core elements that makes this community so amazing to live in and visit, are suffering from the devastating economic impact of the virus. Local First has implemented a program created by one of the countrys foremost chefs and restaurateurs that lets the community donate meals from local restaurants to healthcare workers on the frontlines. Healthcare workers get a nourishing meal, and local restaurants get badly needed business to keep running and keep staff employed. Win! Win! Win! The third win is our community, since we all benefit from supporting our healthcare heroes, and helping small businesses rebound so theyre there for us when this is over.$52,737-
Local First has partnered with the Peak Health Alliance, a healthcare purchasing cooperative with the goal of reducing health care premiums, while maintaining local and high quality care, through the power of community collaboration. You now shop local for healthcare saving approximately 35% on health insurance in La Plata, San Juan, Dolores, and Montezuma Counties. Our efforts have recirculated $3.8 million dollars back into the community to date!$48,702-
Local First advocates for keeping energy dollars re-circulating locally to create jobs, support the local energy industry, and maintain our quality of life. A prime example of economic prosperity that is leaving our community is found in our local not-for-profit electrical distribution and public power cooperative, the La Plata Electric Association (LPEA). LPEA relies on Tri-State Generation & Transmission Association for power along with 43 other members across Colorado, New Mexico, Nebraska and Wyoming. Currently, our energy comes from LPEA, which is part of a larger energy co-op called Tri-State. LPEA is required to purchase 95% of our electricity from Tri-State until 2050 because of a long-term contract that was renewed with Tri-State. Tri-States energy is over 60% coal produced, making them the 2nd worst climate emitting electricity producer in the country.$2,100-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Monique DiGiorgioExecutive DirectorPT$34,618-$34,618
Ted WrightChairman-$0--
Tim WheelerVice Chair-$0--
John LopezTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Local First Foundation
EIN
32-0600640
Phone
9707996618
Address
PO Box 2058, Durango, CO 81302

Signing Officer

Name
Monique DiGiorgio
Title
Executive Director
Signed
2021-11-15
Discuss with paid preparer
Yes

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

Other Expenses.1002

Office Expenses $342

Other Expenses.1012

Insurance $2363

Other Expenses.1

Program Expense $52737

Other Expenses.3

Payroll Processing Fees $639

Other Expenses.4

Telephone $396

Other Expenses.5

Development and training $175

Other Expenses.6

QB Fees $54

Other Expenses.7

Meals $45

Other Expenses.8

Taxes and licenses $40

Other Assets.1005

Accounts Receivable - Beginning $250 Accounts Receivable - Ending $45167

Total Liabilities.1

Agency funds - Beginning $2738 Agency funds - Ending $52538

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