Overview
What is Local First Of West Michigan?
Local First of West Michigan is a nonprofit organization located in Grand Rapids, Michigan, specifically at 111 South Division Ave. Their primary mission is to foster an economy built on local ownership, aiming to meet basic needs, build local wealth, and encourage social capital. They achieve this by conducting regular meetings for business members, providing opportunities for learning, mentoring, and networking. The organization, with a team of seven employees, is committed to promoting sustainable community growth while encouraging joyful engagement among its members.
Official website here: www.localfirst.com/
Is Local First Of West Michigan legitimate?
Local First Of West Michigan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Local First Of West Michigan 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: $362,798
For more financial information, click here
Official website here: www.localfirst.com/
What is the mission statement of Local First Of West Michigan?
Local First of West Michigan's mission is to spearhead the creation of an economy centered around local ownership. This economy aims to meet basic human needs, foster local wealth and social capital, operate in harmony with the ecosystem, and encourage a joyful sense of community. The organization provides business education, mentoring, and networking opportunities to its members. They conduct monthly meetings where members can learn from each other and share best practices.
Official website here: www.localfirst.com/
Who is the CEO of Local First Of West Michigan?
Hanna Schulze is the Treasurer of Local First Of West Michigan.
Official website here: www.localfirst.com/
What is the revenue of Local First Of West Michigan?
Local First Of West Michigan's revenue in 2022 was $384,531.
Official website here: www.localfirst.com/
Who are the executives of Local First Of West Michigan and what are their salaries?
The average compensation at Local First Of West Michigan during 2022 was $51,828. There are 7 employees and 10 volunteers at Local First Of West Michigan.
Here are 7 key members and their salaries:
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- Compensation: $82,118
- Related: $0
- Other: $4,065
Official website here: www.localfirst.com/
Where can I find the form 990 for Local First Of West Michigan?
Local First Of West Michigan's most recent form 990 was submitted in 2022 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 Of West Michigan
Local First of West Michigan is committed to spearheading the creation of an economic structure that prioritizes local ownership, meets fundamental human needs, fosters community wealth, and preserves ecological balance. This mission is underpinned by the belief in fostering joyful community engagement. The organization achieves this by conducting monthly meetings for its business members, enabling them to learn from one another and share their best practices. By doing so, Local First of West Michigan aims to foster a dynamic and collaborative business environment that not only benefits its members but also contributes positively to the wider community.
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Impact
October, 2024
Local First of West Michigan fosters a vibrant local economy by providing business education, mentoring, and networking opportunities to local entrepreneurs and businesses. Through monthly meetings, members learn from each other and share best practices, creating a collaborative environment that promotes mutual growth.
The organization plays a pivotal role in emphasizing local ownership, which helps to meet the basic needs of people while building local wealth and social capital. By prioritizing businesses that are rooted in the community, it encourages a sustainable economic model that operates harmoniously with the ecosystem and enriches community life.
In Grand Rapids and the surrounding area, Local First promotes the idea of joyful community engagement, ultimately enhancing the quality of life for residents by supporting local businesses that contribute to the community's character and vitality. This focus on local empowerment not only strengthens the economy but also fosters a sense of belonging and pride within the community.
This information is meant to be a general summary of Local First Of West Michigan. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,673
- Program Service Revenue: $373,111
- Gross Receipts: $384,531
Assets and Liabilities:
- Total Assets: $53,078
- Total Liabilities: $166,699
- Net Assets: -$113,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONPROFIT MANAGEMENT
Revenue
$278,892
MEMBERSHIP DUES
Revenue
$94,219
Organization Details
Founding Year
2004
Phone
(616) 808-3788Principal Officer
Hanna Schulze
Main Address
111 SOUTH DIVISION AVE, GRAND RAPIDS, MI, 49503
Website
www.localfirst.com/NTEE Category
Code: S41 - Community improvement
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