We lead the development of an economy grounded in Local ownership that meets the basic needs of people, builds Local wealth and social capital, functions in harmony with our ecosystem, and encourages joyful community.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $31K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $251K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
Spent
$351K
To programs
62%
Net assets
$293K
By yearFY2020–FY2025
Revenue
$422K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$422K
FY2021$225K
FY2022$389K
FY2023$506K
FY2024$973K
FY2025$586K
Expenses
$351K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$351K
FY2021$298K
FY2022$397K
FY2023$658K
FY2024$879K
FY2025$699K
Net assets
$293K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$293K
FY2021$220K
FY2022$212K
FY2023$60K
FY2024$153K
FY2025$40K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $217K Management & general 24% · $86K Fundraising 14% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Local First Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers business education to local businesses.

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Provided by the organization

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2 programs · $217K · in their own filed words · FY2020
01

Local first education foundation conducts community education events, including our good for michigan program, to educate business on how to improve their, social, environmental and employee impact, and we facilitate conversations about local ownership and local investment builds a more resilient economy

$207Kprogram expense
02

Local first education foundation works with local business to help educate and implement sustainable business practices and how these practice build the components of a more sustainable economy.

$10Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$251K
Grants paid · 4 grants · $342K · 2020–2025

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$375K
Fees for servicesLn 2g$47K
Money outPt IX
$351K
Ln 25
Programscol B$217K
Managementcol C$86K
Fundraisingcol D$48K
Owns and owesPt X
$293K
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$295K
LiabilitiesLn 26$1K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$375K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$47K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$65K
Cash and savings togetherLn 1–2$65K
Land, buildings, equipmentLn 10c$29K
Other assetsLn 15$196K
Total assetsLn 16$295K
LiabilitiesLn 26$1K
Net assetsLn 32$293K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4K$65K
Land, buildings, equipmentLn 10c$19K$29K
Total assetsLn 16$224K$295K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$223K$293K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Management feesLn 11a$213K$137K$38K$38K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$80K$51K$29K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$811$320$94
OccupancyLn 16$20K$10K$10K
TravelLn 17$297$294$3
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$262$262
Total functional expensesLn 25$351K$217K$86K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $586K$699K−$113K$40K 990 PDF
FY2024 $973K$879K$93K$153K 990 PDF
FY2023 $506K$658K−$152K$60K 990 PDF
FY2022 $389K$397K−$8K$212K 990 PDF
FY2021 $225K$298K−$73K$220K 990 PDF
FY2020 Viewing $422K$351K$70K$293K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $421,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $396,861$374,923
I-9 Program service revenuePrior year $132,910$46,722
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$1,264$0
I-12 Total revenuePrior year $528,507$421,645
I-13 Grants and similar amounts paidPrior year $0$7,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $378,132$343,921
I-18 Total expensesPrior year $378,132$351,421
I-19 Revenue less expensesPrior year $150,375$70,224
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $421,645 across 6 lines filed
VIII-1c Fundraising events$8,000
VIII-1f All other contributions, gifts and grants$366,923
VIII-1h Total contributions, gifts and grants$374,923
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,722$46,722
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $46,722 · Unrelated business $0 · Excluded from tax $0$421,645
Part IX · Statement of functional expenses $351,421 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $7,500$7,500
IX-11a Management feesPrograms $136,518 · Management $38,041 · Fundraising $38,040$212,599
IX-11c Accounting feesManagement $1,175$1,175
IX-11g Other fees for servicesPrograms $51,403 · Management $28,684$80,087
IX-12 Advertising and promotionPrograms $2,159$2,159
IX-13 Office expensesPrograms $811 · Management $320 · Fundraising $94$1,225
IX-16 OccupancyManagement $9,915 · Fundraising $9,915$19,830
IX-17 TravelPrograms $294 · Fundraising $3$297
IX-22 Depreciation, depletion and amortizationManagement $5,328$5,328
IX-23 InsuranceManagement $2,235$2,235
IX-24 Other expenses (24a–d)Programs $18,724$18,724
IX-24e All other expensesManagement $262$262
IX-25 Total functional expensesPrograms $217,409 · Management $85,960 · Fundraising $48,052$351,421
Part X · Balance sheet $294,675 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $4,476$65,395
X-4 Accounts receivableStart of year $769$3,750
X-10c Land, buildings and equipment, netStart of year $18,676$29,292
X-15 Other assetsStart of year $200,268$196,238
X-16 Total assetsStart of year $224,189$294,675
X-17 Accounts payable and accrued expensesStart of year $1,138$1,400
X-26 Total liabilitiesStart of year $1,138$1,400
X-32 Total net assets or fund balancesStart of year $223,051$293,275
X-33 Total liabilities and net assetsStart of year $224,189$294,675
Part XI · Reconciliation of net assets $293,275 net assets at year end
XI-1 Total revenue$421,645
XI-2 Total expenses$351,421
XI-3 Revenue less expenses$70,224
XI-4 Net assets at start of year$223,051
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$293,275

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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