2024-05-10T13:00:28-05:00 2023-12-31 382445537 VANDER PLOEG BERGAKKER & ASSOCIATES 4145 EMBASSY DRIVE SE GRAND RAPIDS MI 49546 990 2023-01-01 204696543 LOCAL FIRST EDUCATIONAL FOUNDATION LOCA 6168083788 111 SOUTH DIVISION AVE GRAND RAPIDS MI 49503 CARLOS MARTINEZ EXECUTIVE DIRECTOR 6168083788 2024-05-09 1 CARLOS MARTINEZ 999009999 0 STEVE JOHNSON P01227744 6169570691 2024-05-09 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CARLOS MARTINEZ 111 SOUTH DIVISION AVE GRAND RAPIDS MI 49503 520487 0 X WWW.LOCALFIRST.COM X 2006 MI TO PROVIDE BUSINESS EDUCATION TO LOCAL BUSINESSES 4 4 0 15 0 0 389595 282487 12541 238000 0 0 -12998 -14460 389138 506027 0 247873 0 0 0 0 0 0 85739 397308 410055 397308 657928 -8170 -151901 214465 61474 2840 1750 211625 59724 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. 0 0 199244 238000 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 247873 247873 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. 447117 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MI X CARLOS MARTINEZ 6168083788 111 SOUTH DIVISION AVE GRAND RAPIDS MI 49503 X CHRISTINE LINDEMAN BOARD CHAIR 1.00 X X 0 0 0 ALEX PAGE SECRETARY 1.00 X X 0 0 0 SETH GETZ BOARD MEMBER 1.00 X 0 0 0 JASON WHEELER TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 49367 233120 282487 SUSTAINABLE BIZ EDUCAT 561499 238000 238000 238000 0 49367 14460 -14460 -14460 506027 238000 0 -14460 247873 247873 317329 163107 77111 77111 12241 12241 32915 20559 12356 4754 2377 2377 216 216 16206 16206 2417 2417 EDUCATIONAL PROGRAMS 9998 6075 511 3412 MARKETING & DESIGN 8540 5825 2715 TELEPHONE 5101 3402 1699 SERVICE CHARGES 154 154 184 60 124 657928 447117 125072 85739 20831 20725 2000 5000 93503 57754 40287 35749 151347 0 214465 61474 2840 1750 2840 1750 X 0 0 0 0 211625 59724 211625 59724 214465 61474 -151901 0 X 0 0 0 X 396860 374923 186892 391381 282487 1632543 132910 46722 37850 10750 238000 466232 529770 421645 224742 402131 520487 2098775 0 0 0 2098775 529770 421645 224742 402131 520487 2098775 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93503 57754 35749 35749 PFE EVENTS 34042 34042 14460 1 15325 15325 49367 49367 14460 14460 -14460 0 LOCAL FIRST OF WEST MICHIGAN 111 SOUTH DIVISION AVE GRAND RAPIDS MI 49503 372042023 501(C)6 247873 0 TO HOLD COMPREHENSIVE COMMUNITY OUTREACH, EDUCATIONAL WORKSHOPS, AND WORK TOWARD LESSENING ECONOMIC DISPARITIES AND CREATE AND RETAIN LOCAL JOBS AND RESOURCES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS PREPARED BY OUR ACCOUNTANT AND REVIEWED BY OUR TREASURER AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEW SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIUMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS, IF ANY, ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND ARE THE RESULTS OF ARM'S-LENGTH BARGAINING. B. WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT, AN IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE SALARY OF THE PRESIDENT PERIODICALLY TO DETERMINE A LEVEL OF COMPENSATION THAT IS REASONABLE CONSIDERING THE SKILLS OFFERED COMPARED WITH OTHERS HAVING A SIMILAR SKILL SETS AND THE FURTHERANCE OF THE ORGANIZATION'S MISSION. THE PRESDIENT IS A W2 EMPLOYEE OF LOCAL FIRST OF WEST MICHIGAN. LOCAL FIRST EDUCATIONAL FOUNDATION CONTRACTS WITH LOCAL FIRST OF WEST MICHIGAN FOR SUPPORT. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS AVAILABLE UPON WRITTEN REQUEST TO THE BUSINESS OFFICE FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE BUSINESS OFFICE.