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LOCAL FIRST EDUCATIONAL FOUNDATION

LOCAL FIRST EDUCATIONAL FOUNDATION

Grand Rapids, MI, US
501(c)(3)
EIN
20-4696543
Regional Funder
funder logo

LOCAL FIRST EDUCATIONAL FOUNDATION

Grand Rapids, MI, US
501(c)(3)
EIN
20-4696543
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024

$972,764

Contributions
N/A
Program Services
N/A
Fundraising Events
N/A
Government Grants
N/A
Membership Dues
N/A
Investments
N/A
Expenses in 2024

$879,468

Fees to Service Providers
80%
Other
11%
Grants
7%
Depreciation
2%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$233,120
$922,306
+296%
Government Grants
$0
$0
-
Fundraising Events
$49,367
$24,355
-51%
Program Services
$238,000
$31,870
-87%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
-$14,460
-$5,767
-60%
Total Revenues
$506,027
$972,764
+92%
Expenses
2023
2024
Change
Grants
$247,873
$63,331
-74%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$362,485
$699,375
+93%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,754
$7,006
+47%
Interest
$0
$0
-
Depreciation
$16,206
$15,468
-5%
Other
$26,610
$94,288
+254%
Total Expenses
$657,928
$879,468
+34%
Net income
2023
2024
Change
Net income
-$151,901
+$93,296
-161%
Functional Expenses
Summary
2023
2024
Change
Program
$447,117
$512,636
+15%
Admin
$125,072
$244,909
+96%
Fundraising
$85,739
$121,923
+42%
Total Expenses
$657,928
$879,468
+34%
Income Statement
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