2023-11-14T14:06:11-06:00 2022-12-31 FORVIS LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2022-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON COO SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW SECRETARY 4178625567 2023-11-10 true MATT MORROW 999009999 Brian D Todd P00422601 4178658701 2 2022 2023-04-26 12:10:37Z GARY SCHAFER PO BOX 1687 SPRINGFIELD MO 658011687 937090 false X WWW.SPRINGFIELDREGION.COM X 1983 MO TO PROVIDE CONTINUED REVENUE SOURCE FOR THE CHAMBER'S ECONOMIC DEV. PROGRAM; ASSISTING BUSINESS AND INDUSTRY AND ATTRACTING NEW BUSINESS AND INDUSTRY TO THE REGION. 18 17 0 25 0 0 650500 598625 325439 336744 1500 1721 0 0 977439 937090 0 0 0 0 0 0 0 0 0 850563 893663 850563 893663 126876 43427 1433822 2547401 807106 1877258 626716 670143 X TO PROVIDE A CONTINUED REVENUE SOURCE FOR THE CHAMBER'S ECONOMIC DEVELOPMENT PROGRAM; ASSISTING BUSINESS AND INDUSTRY AND ATTRACTING NEW BUSINESS AND INDUSTRY TO THE SPRINGFIELD REGION. false false 314128 122452 ECONOMIC DEVELOPMENT PROJECTS - IN 2022, ECONOMIC DEVELOPMENT TEAM MANAGED SEVERAL NEW BUSINESS INVESTMENT OPPORTUNITIES/LEADS, RESULTING IN 10 COMPETITIVE PROJECTS. THE TEAM HOSTED 5 PROJECT SPECIFIC SITE VISITS IN THE SPRINGFIELD REGION AND ANNOUNCED 2 PROJECT WINS, RESULTING IN $13M IN NEW PAYROLL AND $43M IN NEW CAPITAL INVESTMENT. 274861 107146 BUSINESS DEVELOPMENT INITIATIVES - IN 2022, OUR AGGRESSIVE APPROACH TO ASSISTING EXISTING COMPANIES WITH GROWTH OPTIONS, CONTINUED ALONG WITH OUR OUTREACH TO BRING NEW PRIMARY INDUSTRY SECTOR EMPLOYERS TO THE AREA. STAFF HELD NUMEROUS FACE-TO-FACE MEETINGS WITH LOCAL BUSINESS LEADERS TO IDENTIFY BARRIERS TO GROWTH AND INVESTMENTS THEY MAY NEED TO MAKE TO ENSURE THEIR PRESENCE IN THE REGION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 274861 107146 WORKFORCE DEVELOPMENT - IN ORDER TO MEET THE MOST PRESSING NEED OF EXISTING BUSINESSES, NEWLY ATTRACTED BUSINESSES AND START-UP COMPANIES, THE SBDC HAS SIGNIFICANTLY INCREASED ITS FOCUS ON WORKFORCE DEVELOPMENT. STAFF ADMINISTERS SIGNIFICANT PROGRAMS FOCUSED ON DEVELOPING TALENT WITHIN THE EXISTING EDUCATION SYSTEM, ATTRACTING TALENT TO THE REGION FROM OUTSIDE THE AREA AND RETAINING TALENT ALREADY IN THE REGION OR ATTENDING SCHOOL IN THE REGION. ALL OF THESE EFFORTS WILL GIVE SPRINGFIELD A COMPETITIVE ADVANTAGE NOW AND INTO THE FORESEEABLE FUTURE. 863850 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false false false false false false false false X 18 17 false true true false false false false true true false false true true true true true true false false false X JENNIFER DALTON COO 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW BOARD SECRETARY 3.0 45.0 X X 0 259714 57891 JASON GAGE BOARD MEMBER 1.0 0.0 X 0 0 0 JENNIFER WILSON BOARD MEMBER 1.0 0.0 X 0 0 0 BILL HAMMITT BOARD MEMBER 1.0 0.0 X 0 0 0 BOB DIXON BOARD MEMBER 1.0 1.0 X 0 0 0 BRAD ERWIN BOARD TREASURER 1.0 0.0 X X 0 0 0 CHRIS STANGE BOARD VICE PRESIDENT 1.0 0.0 X X 0 0 0 CHRISTINA ANGLE BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID ATKISSON BOARD MEMBER 1.0 0.0 X 0 0 0 GARY GIBSON BOARD MEMBER 1.0 0.0 X 0 0 0 GARY SCHAFER BOARD PRESIDENT 3.0 1.0 X X 0 0 0 JASON SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 JENA HOLTBERG-BENGE BOARD MEMBER 1.0 0.0 X 0 0 0 JOE WILKINSON BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN OKE-THOMAS BOARD MEMBER 1.0 5.0 X 0 0 0 LOGAN AGUIRRE BOARD MEMBER 1.0 1.0 X 0 0 0 RICK QUINT BOARD MEMBER 1.0 0.0 X 0 0 0 TREVOR CRIST BOARD MEMBER 1.0 2.0 X 0 0 0 0 259714 57891 0 false true false NONE 0 140000 458625 598625 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 38965 38965 INVESTOR EVENTS OUTLOOK SERIES 541610 82600 82600 REGIONAL PARTNERS SERVICES 541900 30000 30000 INDUSTRY OUTREACH CONTRACT 541610 10550 10550 9629 9629 336744 1721 1721 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 937090 336744 1721 0 0 0 0 0 0 0 0 0 0 655000 655000 0 8935 8935 0 0 0 7367 7367 11067 11067 0 0 0 0 6524 6524 0 20354 20354 0 0 633 633 0 BUSINESS DEVELOPMENT 93660 93660 INVESTOR RELATIONS 51051 51051 LICENSES, DUES & SUBSCRIPTIONS 20245 20245 RESEARCH 18827 18827 893663 863850 29813 0 0 0 816288 2037268 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121666 121191 1108 475 0 0 0 0 0 0 0 0 616426 509658 1433822 2547401 30 1187590 0 0 100650 90010 0 0 0 0 0 0 0 0 60000 60000 646426 539658 807106 1877258 X 624532 667959 2184 2184 626716 670143 1433822 2547401 43427 X X false true X false false X 647100 658231 576583 650500 598625 3131039 0 0 647100 658231 576583 650500 598625 3131039 54365 3076674 1978 2985 1631 1500 1721 9815 0 0 3140854 1787495 0.97957 0.95636 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121666 121191 475 475 CFO Investment for CoC 509658 509658 0 CFO FUND 509658 AIR SERVICE DEVELOPMENT 30000 539658 937090 937090 937090 893663 893663 893663 SCHEDULE D, PART X, LINE 2 UNCERTAIN TAX POSITIONS: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false false false false false false false false false MATT MORROW BOARD SECRETARY 0 189321 0 50650 0 19743 0 25533 0 32358 0 317605 0 0 FORM 990, PART III, LINE 4B BUSINESS DEVELOPMENT: STAFF AND SBDC LEADERSHIP MET WITH SITE SELECTION CONSULTANTS/CORPORATE REAL ESTATE EXECUTIVES WHO ARE HIRED BY COMPANIES TO ASSIST THEM WITH EVALUATING THEIR LOCATION OPTIONS FOR NEW INVESTMENTS, AND HOSTED MEDIA SPONSORS WHO WENT ON TO DEVELOP PROMOTIONAL CONTENT IN SUPPORT OF CHOOSING THE SPRINGFIELD REGION AS A PLACE TO LOCATE YOUR BUSINESS, LIVE, WORK AND PLAY. THIS WORK SUPPORTS OUR GOAL TO MAKE SPRINGFIELD MORE COMPETITIVE IN JOB CREATION AND CAPITAL INVESTMENT. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT CONTROL: DAILY ACTIVITIES OF THE ORGANIZATION ARE CONDUCTED UNDER SUPERVISION OF SPRINGFIELD AREA CHAMBER OF COMMERCE'S SENIOR VICE PRESIDENT OF ECONOMIC DEVELOPMENT. THE ORGANIZATION IS A WHOLLY-OWNED SUBSIDIARY OF SPRINGFIELD AREA CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO THE GOVERNING DOCUMENTS: THE ORGANIZATION AMENDED THE BYLAWS IN REGARD TO EX-OFFICIO MEMBERS. THE VICE CHAIR OF WORKFORCE DEVELOPMENT OF THE SPRINGFIELD AREA CHAMBER OF COMMERCE SHALL SERVE AS AN EX-OFFICIO MEMBER. ADDITIONALLY, AT THE BOARD'S DISCRETION, THE CHAIR OF THE SPRINGFIELD REGIONAL ECONOMIC PARTNERSHIP (SREP) OR HIS/HER DESIGNEE SHALL BE INVITED TO SERVE AS AN EX-OFFICIO DIRECTOR, UNLESS ELECTED AS A DIRECTOR OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM BASED ON THE AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED BY THE ACCOUNTING DEPARTMENT OF THE ORGANIZATION. AN ELECTRONIC COPY OF THE DRAFT FORM 990 IS EMAILED TO BOARD MEMBERS TO REVIEW PRIOR TO FILING. THE PRESIDENT AND CHIEF OPERATING OFFICER FOR SPRINGFIELD AREA CHAMBER OF COMMERCE, OF WHICH THE ORGANIZATION IS A WHOLLY-OWNED SUBSIDIARY, THOROUGHLY REVIEW THE FORM 990 PRIOR TO FILING. THE PRESIDENT OF SPRINGFIELD AREA CHAMBER OF COMMERCE IS ALSO THE SECRETARY OF SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION B, LINE 12C MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: NO CONFLICTS OF INTEREST WERE DISCLOSED IN 2022. ANNUALLY, DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW ALL POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST IS FOUND, THE INDIVIDUAL IS EXPECTED TO ABSTAIN FROM VOTING ON THE PARTICULAR ISSUE WITH WHICH THERE IS THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABILITY: THE ANNUAL FORM 990 IS AVAILABLE FOR INSPECTION AT THE SPRINGFIELD AREA CHAMBER OF COMMERCE OFFICES. GOVERNING DOCUMENTS AND INTERNAL FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 1 ACCOUNTING METHOD: THE ORGANIZATION USES THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. ANNUAL INVESTMENTS ARE RECOGNIZED WHEN RECEIVED. SPRINGFIELD AREA CHAMBER OF COMMERCE 202 S JOHN Q HAMMONS PARKWAY SPRINGFIELD MO 65806 440501055 BUS ADVOCACY MO 501(C)(6) N/A NA false false false false false false false false false false false false true true true true false false false false SPRINGFIELD AREA CHAMBER OF COMMERCE M 655000 ACTUAL VALUE