Localecopia INC

IRS exemption revoked

Palm Beach, FLUnknown exempt organization EIN 90-0429089Revenue $461K in FY2020Latest return filed Nov 15, 2021

On file with the IRSlocalecopia.orgPalm Beach, FL

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The organization mission is to support the local economy, capitalize on group synergies, promote environmental awareness, initiate sustainable practices, lessen our carbon footprint and create a new business model that will continue to grow into other local communities.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-0429089) · Dispute this line
99¢ of each $1 spent went to programs.
Run by 55 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
0.7 mo
of spending, in cash
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
34% of total assets
Liabilities are 34% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$461K
Spent
$449K
To programs
99%
Net assets
$30K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $449K Management & general 0% · $242

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
See Localecopia INC executive salaries →

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 15aNo

Programs and updates

Boosts local economy and sustainability through new business models and environmental awareness.

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1 program · $449K · in their own filed words · FY2020
01

Marketplace for local growers and consumers. Local farmers post products available on the website and Chefs/other purchasers view availability. Orders are placed directly with the farmer. Farmers meet the delivery truck with products and deliveries are made to consumers.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-0429089) · Dispute this line
$449Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$461K
Ln 12
Fees for servicesLn 2g$461K
Money outPt IX
$449K
Ln 25
Programscol B$449K
Managementcol C$242
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$46K
LiabilitiesLn 26$16K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$461K
Gains on assetsLn 7$0
Total revenueLn 12$461K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Accounts receivableLn 4$14K
Notes and loans receivableLn 7$4K
Land, buildings, equipmentLn 10c$964
Total assetsLn 16$46K
LiabilitiesLn 26$16K
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$39K$27K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K$964
Total assetsLn 16$157K$46K
LiabilitiesLn 26$139K$16K
Net assetsLn 32$19K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$900$900
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$248$148$100
Office expensesLn 13$102$102
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$27K$27K
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$255$255
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$482$482
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$404K$404K
All other expensesLn 24e$9K$9K$40
Total functional expensesLn 25$449K$449K$242$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Nov 15, 2021 $461K$449K$12K$30K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $460,701 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,120$0
I-9 Program service revenuePrior year $886,222$460,701
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $889,342$460,701
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $867,693$449,087
I-18 Total expensesPrior year $867,693$449,087
I-19 Revenue less expensesPrior year $21,649$11,614
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $460,701 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460,701$460,701
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $460,701$460,701
Part IX · Statement of functional expenses $449,087 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $900$900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $148 · Management $100$248
IX-13 Office expensesManagement $102$102
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $27,403$27,403
IX-17 TravelPrograms $1,068$1,068
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $255$255
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $482$482
IX-23 InsurancePrograms $5,756$5,756
IX-24 Other expenses (24a–d)Programs $403,636$403,636
IX-24e All other expensesPrograms $9,197 · Management $40$9,237
IX-25 Total functional expensesPrograms $448,845 · Management $242 · Fundraising $0$449,087
Part X · Balance sheet $45,906 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $38,747$27,126
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $117,178$13,835
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$3,981
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,446$964
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $157,371$45,906
X-17 Accounts payable and accrued expensesStart of year $98,209$7,825
X-24 Unsecured notes and loans payableStart of year $34,453$7,387
X-25 Other liabilitiesStart of year $3,664$382
X-26 Total liabilitiesStart of year $138,673$15,594
X-29 Capital stock or trust principalStart of year $18,698$30,312
X-32 Total net assets or fund balancesStart of year $18,698$30,312
X-33 Total liabilities and net assetsStart of year $157,371$45,906
Part XI · Reconciliation of net assets $30,312 net assets at year end
XI-1 Total revenue$460,701
XI-2 Total expenses$449,087
XI-3 Revenue less expenses$11,614
XI-4 Net assets at start of year$18,698
XI-10 Net assets at end of year$30,312

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

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