2024-10-24T09:18:01-04:00 2023-12-31 205788602 GLASER AND COMPANY LLC 1859 SUMMERVILLE AVE STE 800 CHARLESTON SC 29405 990 2023-01-01 870792700 LOWCOUNTRY LOCAL FIRST LOWC 8437405444 1859 SUMMERVILE AVENUE SUITE 800 CHARLESTON SC 29405 JACQUELINE BERGER EXECUTIVE DIRECTOR 8437405444 2024-10-23 true false ERIK M GLASER CPA P00724565 8438490179 2024-10-23 2023 2024-10-15 13:58:12Z JACQUELINE BERGER 1859 SUMMERVILLE AVENUE SUITE 800 CHARLESTON SC 29405 1155641 false X WWW.LOWCOUNTRYLOCALFIRST.ORG X 2007 SC LOWCOUNTRY LOCAL FIRST ADVANCES ECONOMIC PROSPERITY AND LOCAL OWNERSHIP THROUGH INNOVATIVE AND INCLUSIVE INITIATIVES THAT BUILD OUR COMMUNITYS WEALTH AND WELLBEING. 14 14 15 51 0 944184 888053 307676 249687 1350 16827 2670 1074 1255880 1155641 4000 0 622803 599512 0 75294 589172 609265 1211975 1212777 43905 -57136 1739977 1530251 1036897 884657 703080 645594 LOWCOUNTRY LOCAL FIRST ADVANCES ECONOMIC PROSPERITY AND LOCAL OWNERSHIP THROUGH INNOVATIVE AND INCLUSIVE INITIATIVES THAT BUILD OUR COMMUNITYS WEALTH AND WELLBEING. false false 1040496 4000 249687 LOWCOUNTRY LOCAL FIRST'S WORK LEVERAGES OUR UNDERSTANDING OF OUR MORE THAN 450 LOCAL BUSINESS AND MORE THAN 12,000 EMPLOYEES ACROSS ALL SECTORS, AND IS INFORMED BY STAFF WITH EXPERTISE AND ON-THE-GROUND EXPERIENCE IN LOCAL ECONOMY-BUILDING, INNOVATIVE ECONOMIC DEVELOPMENT, ENTREPRENEUR SUPPORT, SUSTAINABLE AGRICULTURE, AND FOOD SYSTEMS. OUR MISSION IS TO ADVANCE ECONOMIC PROSPERITY AND LOCAL OWNERSHIP THROUGH INNOVATIVE AND INCLUSIVE INITIATIVES THAT BUILD OUR COMMUNITY'S WEALTH AND WELLBEING. OUR INITIATIVES CREATE THE BUILDING BLOCKS OF A STRONG LOCAL ECONOMY AND INCLUDE: (CONTINUED ON SCHEDULE O) 1040496 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 26 0 15 true false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false SC X JACQUIE BERGER 8437405444 1859 SUMMERVILLE AVE SUITE 800 CHARLESTON SC 29405 DAVID BENNET CHAIR 2.00 X X 0 0 0 JEFF PLOTNER VICE CHAIR 2.00 X X 0 0 0 TERRI HERUBIN PAST CHAIR 2.00 X X 0 0 0 KERRI CHISOLM TREASURER 2.00 X X 0 0 0 JENNIFER FERREBEE SECRETARY 2.00 X X 0 0 0 CHARLES MCCLENDON BOARD MEMBER 0.50 X 0 0 0 JEREMIAH BACON BOARD MEMBER 0.50 X 0 0 0 ANDY MCCARTHY BOARD MEMBER 0.50 X 0 0 0 EDWARD KRONSBERG BOARD MEMBER 0.50 X 0 0 0 MARGIE LONGSHORE BOARD MEMBER 0.50 X 0 0 0 JONATHAN SANCHEZ BOARD MEMBER 0.50 X 0 0 0 RYAN STEWART BOARD MEMBER 0.50 X 0 0 0 KATE SCHMIEDING BOARD MEMBER 0.50 X 0 0 0 SHARON L MCGHEE BOARD MEMBER 0.50 X 0 0 0 JACQUELINE BERGER EXECUTIVE DI 40.00 X 113127 0 4800 113127 4800 1 false false false 111990 426972 349091 14500 888053 LOCAL WORKS 531120 161267 161267 CONSULTING 611430 49200 49200 PROGRAMS 611710 39220 39220 249687 16827 16827 MISCELLANEOUS 900099 1074 1074 1074 1155641 250761 16827 4000 4000 113127 62220 16969 33938 441550 403528 32088 5934 5670 4061 751 858 39165 32903 3457 2805 6500 6500 2149 1806 193 150 69745 69745 19887 10134 9477 276 18989 14340 4649 203167 186959 12691 3517 4333 4333 31480 149 3515 27816 6689 2405 4284 81315 79901 1414 PROGRAMS EVENTS 162270 162270 MISCELLANEOUS 2741 1742 999 1212777 1040496 96987 75294 754562 607993 4700 147165 1875 11946 438212 224665 284237 213547 10625 683978 549600 1739977 1530251 44082 33521 39130 35501 246020 239881 707665 575754 1036897 884657 X 638080 583494 65000 62100 703080 645594 1739977 1530251 X -57136 -350 X false true X true false X 744601 1371237 720465 944184 888053 4668540 744601 1371237 720465 944184 888053 4668540 102488 4566052 371 432 288 1350 16827 19268 4687808 1020865 0.97400 0.97200 X PART II, LINE 10 OTHER INCOME 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 438212 224665 213547 213547 ROU ASSET 535784 DEPOSIT 13816 549600 OPERATING LEASE 575754 575754 1183591 27950 27950 1155641 1155641 1241077 27950 350 28300 1212777 1212777 SCHEDULE D, PAGE 4, PART XII, LINE 2D BAD DEBT 350 FORM 990 PART III, LINE 4A - CONTINUED AWARENESS THROUGHOUT THE YEAR, LOWCOUNTRY LOCAL FIRST WORKS TO BUILD AWARENESS AND SUPPORT FOR LOCAL BUSINESSES. IN ORDER TO SHIFT CITIZEN AND INSTITUTIONAL SPENDING TO LOCAL BUSINESSES, LOWCOUNTRY LOCAL FIRST CONCEIVES OF AND IMPLEMENTS HIGHLY-VISIBLE AWARENESS CAMPAIGNS, INCLUDING EAT LOCAL SEASON AND BUY LOCAL SEASON. CAMPAIGN PARTICIPANTS PLEDGE TO SHIFT THEIR PERSONAL AND BUSINESS SPENDING TO LOCALLY-OWNED RETAILERS, FINANCIAL INSTITUTIONS, SERVICE PROVIDERS, FARMERS, ARTISTS, ETC. AFFINITY SERVING OUR MEMBER BUSINESSES REMAINS OUR CORE WORK. TO ENSURE THAT LOCAL BUSINESS OWNERS HAVE THE RESOURCES AND SUPPORT THEY NEED TO THRIVE, WE HOST MONTHLY LEARNING AND NETWORKING LOCAL SOCIALS. LOCAL WORKS, AN AFFORDABLE COMMUNITY COWORKING SPACE, PROVIDES BUSINESSES A PLACE TO SHARE INFORMATION AND RESOURCES, HOST MEETINGS, AND COME TOGETHER IN A COLLABORATIVE SETTING. ADDITIONAL INITIATIVES INCLUDING OUR LOCAL EXPERTISE EXCHANGE AND OUR COMMERCIAL SPACE ADVISORY COMMITTEE FOSTER AN ENVIRONMENT IN WHICH LOCAL BUSINESS OWNERS CAN CONNECT TO AND ASSIST EACH OTHER. ADVOCACY AS AN ORGANIZATION, WE SUPPORT POLICIES AND ECONOMIC DEVELOPMENT INITIATIVES THAT LEVEL THE PLAYING FIELD FOR LOCAL BUSINESSES. OUR PRIORITIES INCLUDE, BUT ARE NOT LIMITED TO: O ELIMINATING RED TAPE FOR STARTING OR OPERATING A LOCAL BUSINESS. O SUPPORTING THE CREATION OF INDEPENDENT BUSINESS DISTRICTS THROUGH REGULATION OF "FORMULA BUSINESSES," PROPERTY TAX ABATEMENTS, AND OTHER INNOVATIVE METHODS. O EDUCATING THE PUBLIC AND LOCAL BUSINESSES ON ANTI-MONOPOLY REGULATION OF AMAZON TO ENCOURAGE COMPETITION, ENTREPRENEURIAL OPPORTUNITY, AND FAIR PRACTICES TOWARD SMALL BUSINESSES. O CHAMPIONING POLICIES TO ADDRESS THE ROOT CAUSES OF WORKFORCE CHALLENGES, INCLUDING AFFORDABLE HOUSING, A MULTI-MODAL TRANSPORTATION SYSTEM, AFFORDABLE/ACCESSIBLE CHILDCARE, SKILLS TRAINING, ETC. INNOVATION THROUGH OUR ANNUAL GOOD BUSINESS SUMMIT, WE BRING THOUGHT LEADERS NATIONALLY AND LOCALLY TOGETHER TO SHARE BIG IDEAS AS WELL AS CHALLENGES AND PROMOTE THE IDEA OF BUSINESSES AS A FORCE FOR GOOD. INCLUSIVITY SINCE 2019 LOWCOUNTRY LOCAL FIRST HAS OPERATED GOOD ENTERPRISES, A PROGRAM WHICH IS EQUIPPING EMERGING ENTREPRENEURS WITH THE TOOLS THEY NEED TO RUN SUCCESSFUL BUSINESSES. WE BRING RESOURCES TO TRADITIONALLY UNDERSERVED POPULATIONS AS A STEP FORWARD ON THE JOURNEY TOWARDS A MORE EQUITABLE ECONOMY. THE CURRICULUM FOR THIS PROGRAM WAS SELECTED BECAUSE OF ITS PROVEN IMPACT ON THE LIVES OF INDIVIDUALS AND COMMUNITIES WITH THE POTENTIAL TO TRANSFORM THE ECONOMIC LANDSCAPE OF THE LOWCOUNTRY. THE PROGRAM, WHICH INCLUDES A 12-WEEK COMMUNITY BUSINESS ACADEMY, BUSINESS ACCELERATOR SERVICES, AND CREDIT TO CAPITAL, IS OFFERED IN BOTH ENGLISH AND SPANISH, AND SERVES MORE THAN 100 PEOPLE PER YEAR. FORM 990, PAGE 1, PART I, LINE 6 WERE ALMOST ALWAYS ON THE LOOKOUT FOR VOLUNTEERS WHO CAN HELP WITH EVENT COORDINATION, OFFICE WORK (FILING, MAILING, PHONE CALLS, ETC.), OR EVEN GETTING YOUR HANDS IN THE DIRT FOR A DAY. IF YOU HAVE THE TIME, TALENTS AND PASSION, WED LOVE TO HEAR FROM YOU AT VOLUNTEER@LOWCOUNTRYLOCALFIRST.ORG. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE FORM 990 AND ADDRESSES INQUIRIES PRIOR TO THE RELEASE TO THE BOARD OF DIRECTORS. THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR A REVIEW AND COMMENT PERIOD. ONCE THIS PERIOD IS OVER AND QUESTIONS, IF ANY, ARE ADDRESSED, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE EXECUTIVE DIRECTOR AND/OR THE CHAIR INCORPORATE CONFLICT OF INTEREST INQUIRIES ANNUALLY AND ENCOURAGE COMMUNICATIONS FROM THE BOARD IF MATTERS CHANGE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE TOP OFFICIAL IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND APPROVED AS PART OF THE ANNUAL BUDGET. THE BOARD OF DIRECTORS BENCHMARKS SALARY TO COMPENSATION STUDIES AND REGIONAL PEER ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES (AS APPLICABLE) IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND APPROVED AS PART OF THE ANNUAL BUDGET. THE BOARD OF DIRECTORS BENCHMARKS SALARY TO COMPENSATION STUDIES AND REGIONAL PEER ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 ORGANIZING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S CORPORATE OFFICES. FORM 990, PART XI, LINE 9 BAD DEBT -350