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Local First Educational Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204696543 ✦ Grand rapids, MI ✦ Designated as a 501(c)(3)

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Overview

What is Local First Educational Foundation?

The Local First Educational Foundation, situated in Grand Rapids, Michigan, is a dedicated nonprofit organization. Its primary goal is to educate local businesses on implementing sustainable business practices. These practices are crucial in fostering a more sustainable economy that caters to basic human needs, builds local wealth, promotes social capital, harmonizes with the ecosystem, and encourages community joy. The foundation carries out its mission by providing business education to various local businesses, aiming to establish a robust and eco-friendly local economy.


Official website here: www.localfirst.com

Is Local First Educational Foundation legitimate?

Local First Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local First Educational Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.localfirst.com

What is the mission statement of Local First Educational Foundation?

The Local First Educational Foundation's mission is to spearhead the creation of an economic structure that prioritizes local ownership, meets fundamental human needs, fosters local wealth and social capital, operates in harmony with the ecosystem, and promotes community joy. The foundation accomplishes this by collaborating with local businesses to educate and implement sustainable business practices. These practices are instrumental in establishing the building blocks of a more sustainable economy.


Official website here: www.localfirst.com

What is the revenue of Local First Educational Foundation?

Local First Educational Foundation's revenue in 2023 was $506,027.


Official website here: www.localfirst.com

Who are the executives of Local First Educational Foundation and what are their salaries?

There 15 volunteers at Local First Educational Foundation.

Here are 4 key members and their salaries:


Christine Lindeman (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Page (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Getz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Wheeler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.localfirst.com

Where can I find the form 990 for Local First Educational Foundation?

Local First Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.localfirst.com

Learn more at the official website: www.localfirst.com

Mission Statement of Local First Educational Foundation

The Local First Educational Foundation is committed to leading the creation of an economic structure that is deeply rooted in local ownership. This mission is driven by the aim to meet the fundamental needs of individuals, foster local wealth and social capital, operate in harmony with our ecosystem, and encourage a sense of community joy. By working closely with local businesses, the Foundation provides education and guidance on implementing sustainable business practices. These practices are instrumental in building the components of a more sustainable economy.

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Impact




October, 2024

Local First Educational Foundation significantly impacts local businesses by providing business education focused on sustainable practices. By collaborating with local enterprises, it enhances their understanding of how sustainable methods contribute to a more resilient economy. This education empowers these businesses to implement strategies that foster local ownership, ultimately helping to build local wealth and social capital.

The Foundation’s mission centers on creating a thriving local economy that addresses fundamental human needs while promoting harmony with the ecosystem. This approach not only elevates individual businesses but also strengthens community ties, encouraging a vibrant social environment. Through its initiatives, Local First Educational Foundation plays a crucial role in the community, driving improvements that lead to a more sustainable and joyful collective future in Grand Rapids, MI.




This information is meant to be a general summary of Local First Educational Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$506,027 (2023)
Expenses
$657,928 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $238,000
  • Gross Receipts: $520,487

Assets and Liabilities:

  • Total Assets: $214,465
  • Total Liabilities: $2,840
  • Net Assets: $211,625

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUSTAINABLE BIZ EDUCAT

Revenue

$238,000

Organization Details

Founding Year

2006

Principal Officer

Hanna Schulze

NTEE Category

Code: S99 - Community improvement

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