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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 32-0600640

LOCAL FIRST FOUNDATION

Tax-exempt · DURANGO, CO 81302

Financials

$231K$133K2023$190K$205K2024
Revenue Expenses · by fiscal year end
Financials of LOCAL FIRST FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$189,601$204,833-$15,232$62,656$0$62,656
December 31, 2023990$231,339$132,736$98,603$121,336$26,307$95,029
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$179,092
Program service revenue
$8,865
Investment income
$1,644

Expenses

Compensation of officers, directors and key employees
$2,915
Salaries, compensation and benefits (total)
$88,003
Professional fees and payments to contractors
$4,679
Occupancy
$7,621
Other expenses
$104,530
Program services (functional)
$202,333

Balance sheet and other

Total assets, start of year
$121,336
Total assets, end of year
$62,656
Total liabilities, end of year
$0
Net assets, end of year
$62,656
Cash, savings and investments
$56,823
Gross receipts
$189,601

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Douglas McCarthyExecutive Director20$2,915
Kip KosoChair2$0
Jeanne SzczechSecretary1$0
John LopezTreasurer1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Kip KosoChairman
Officer
4$0
Jeanne SczechVice Chair
Officer
3$0
John LopezTreasurer
Officer
3$0
Lauren BerutichExecutive Dir.
Officer
25$0

Address and contacts

Address (IRS master file)
PO BOX 2058, DURANGO, CO 81302-2058
In care of
% DOUGLAS MCCARTHY
Mailing address (990-N for 2019)
PO Box 2058, Durango CO 81302
Principal officer (990-N for 2019)
Monique DiGiorgio, PO Box 2058, Durango CO 81302
Signed the 990-EZ
DOUGLAS MCCARTHY, Executive Director
Phone
(970) 799-6618
Return prepared by
BLACKHAWK ACCOUNTING LLC

Mission

See Schedule O

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Our Healthcare Initiative promotes affordable health insurance options to reduce the high cost of living and foster well-being for Southwest Colorado residents.
    Expenses $43,151
  • Our Local Self-Reliance Program raises public awareness of the value of participating in the local circular economy and investing in our community.
    Expenses $52,528
  • The Durango Creative District was fiscally sponsored by Local First Foundation until Oct. 31, 2024.
    Expenses $106,654

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for LOCAL FIRST FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
32-0600640
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E80)
Assets (IRS master file)
$62,656
Income (IRS master file)
$189,601

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$189,601$204,833$62,656XML
990December 2023$231,339$132,736$121,336XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2019
Officer: Monique DiGiorgio
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0600640).

Questions about LOCAL FIRST FOUNDATION

What is the EIN of LOCAL FIRST FOUNDATION?
The employer identification number (EIN) of LOCAL FIRST FOUNDATION is 32-0600640.
Is LOCAL FIRST FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to LOCAL FIRST FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOCAL FIRST FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOCAL FIRST FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOCAL FIRST FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of LOCAL FIRST FOUNDATION?
The 990-N for 2019 names Monique DiGiorgio.
Who are the officers and directors of LOCAL FIRST FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $2,915 (Douglas McCarthy, Executive Director).
How much revenue does LOCAL FIRST FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $189,601, expenses of $204,833 and total assets of $62,656 at year end.

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