Overview
What is Lowcountry Local First?
Lowcountry Local First is a nonprofit organization situated in Charleston, South Carolina, with a significant presence among over 450 local businesses and over 12,000 employees across various sectors. The organization's mission involves fostering economic prosperity and local ownership through innovative and inclusive initiatives, contributing to the community's wealth and wellbeing. With expertise in local economy-building, innovative economic development, entrepreneur support, sustainable agriculture, and food systems, Lowcountry Local First leverages its resources to strengthen the local economy, creating initiatives that serve as building blocks for a robust community.
Official website here: www.lowcountrylocalfirst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Lowcountry Local First has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The organization’s overall score reflects a strong emphasis on financial integrity, achieving a high score of 89 in this category. This rating suggests that the nonprofit is effectively managing its resources to support its mission.
The organization demonstrates a commitment to best practices, highlighted by its fully independent board and robust financial oversight mechanisms. It has also established necessary policies such as conflict of interest, whistleblower protection, and document retention, which contribute to its operational transparency. Moreover, the organization shows a strong program expense ratio of 81.48%, indicating that a significant portion of its funds is directed towards its programs and services.
However, the organization does have a liabilities to assets ratio of 59.59%, which could suggest some financial leverage that may need to be monitored. While the overall financial health appears stable, potential stakeholders might want to consider this aspect alongside the organization's positive scoring in other areas. Overall, Lowcountry Local First appears to be a responsible and well-managed nonprofit focused on its local community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lowcountry Local First legitimate?
Lowcountry Local First is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowcountry Local First 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: $566,390
For more financial information, click here
Official website here: www.lowcountrylocalfirst.org
What is the mission statement of Lowcountry Local First?
Lowcountry Local First advances economic prosperity and local ownership through innovative and inclusive initiatives. Their mission is to build the community's wealth and wellbeing by leveraging their understanding of local businesses and employees across various sectors. They achieve this by implementing various initiatives that contribute to a strong local economy, such as local economy-building, innovative economic development, entrepreneur support, sustainable agriculture, and food systems. Their work is informed by staff with expertise and on-the-ground experience in these areas.
Official website here: www.lowcountrylocalfirst.org
Who is the CEO of Lowcountry Local First?
Jacqueline Berger is the Chair of Lowcountry Local First.
Official website here: www.lowcountrylocalfirst.org
What is the revenue of Lowcountry Local First?
Lowcountry Local First's revenue in 2022 was $1,255,880.
Official website here: www.lowcountrylocalfirst.org
Who are the executives of Lowcountry Local First and what are their salaries?
The average compensation at Lowcountry Local First during 2022 was $47,199. There are 12 employees and 50 volunteers at Lowcountry Local First.
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- Compensation: $111,300
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Official website here: www.lowcountrylocalfirst.org
Where can I find the form 990 for Lowcountry Local First?
Lowcountry Local First's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lowcountrylocalfirst.org
Learn more at the official website: www.lowcountrylocalfirst.org
Mission Statement of Lowcountry Local First
Lowcountry Local First, a nonprofit organization, aims to promote economic prosperity and foster local ownership through innovative and inclusive initiatives. By leveraging its deep understanding of over 450 local businesses and more than 12,000 employees across various sectors, Lowcountry Local First works tirelessly to build the community's wealth and wellbeing. The organization's mission is accomplished through a variety of initiatives that serve as the foundation for a robust local economy. These initiatives, led by experts with on-the-ground experience in local economy-building, innovative economic development, entrepreneur support, sustainable agriculture, and food systems, contribute significantly to the community's overall growth and wellbeing.
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Impact
July, 2024
Lowcountry Local First's impact can be seen in the economic prosperity and local ownership it promotes through innovative and inclusive initiatives. Leveraging an understanding of over 450 local businesses and more than 12,000 employees across all sectors, the organization's work is informed by staff expertise in local economy-building, economic development, entrepreneur support, sustainable agriculture, and food systems. By advancing initiatives that create the building blocks of a strong local economy, Lowcountry Local First positively contributes to the wealth and well-being of our community.
This information is meant to be a general summary of Lowcountry Local First. 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: $1,350
- Program Service Revenue: $307,676
- Gross Receipts: $1,255,880
Assets and Liabilities:
- Total Assets: $1,739,977
- Total Liabilities: $1,036,897
- Net Assets: $703,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOCAL WORKS
Revenue
$155,006
PROGRAMS
Revenue
$79,370
CONSULTING
Revenue
$73,300
Organization Details
Founding Year
2007
Phone
(843) 740-5444Principal Officer
Jacqueline Berger
Main Address
1859 SUMMERVILE AVENUE SUITE 800, CHARLESTON, SC, 29405
Website
www.lowcountrylocalfirst.orgNTEE Category
Code: S41 - Community improvement
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