2024-11-13T11:53:27+00:00 2023-12-31 440160260 Forvis Mazars LLP 910 E St Louis 200 PO Box 1190 Springfield MO 658062523 990 2023-01-01 431309497 Springfield Business Development Corporation SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 Matt Morrow Corporate Secretary 4178625567 2024-11-13 true true Brian Todd P00422601 4178658701 2024-11-15 2023 2024-10-15 13:58:12Z Christina Angle PO BOX 1687 SPRINGFIELD MO 658011687 926145 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. 20 19 0 25 0 0 598625 672875 336744 237942 1721 15328 0 0 937090 926145 0 0 0 0 0 0 0 0 0 893663 1040934 893663 1040934 43427 -114789 2547401 1308821 1877258 753467 670143 555354 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 354685 83280 ECONOMIC DEVELOPMENT PROJECTS - IN 2023, ECONOMIC DEVELOPMENT TEAM MANAGED SEVERAL NEW BUSINESS INVESTMENT OPPORTUNITIES/LEADS, RESULTING IN 20 COMPETITIVE PROJECTS. THE TEAM HOSTED 3 PROJECT SPECIFIC SITE VISITS IN THE SPRINGFIELD REGION AND ANNOUNCED 4 PROJECT WINS, RESULTING IN AT LEAST $2.5M IN NEW PAYROLL AND $21.5M IN NEW CAPITAL INVESTMENT. 354685 83280 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. 304015 71382 BUSINESS DEVELOPMENT INITIATIVES - IN 2023, 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. 1013385 true true 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 true false true 7 0 true 0 false false false false false false false false false false false false X 20 19 false true false 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 Brad Erwin Board Treasurer 1.0 0 X X 0 0 0 Christina Angle Board Vice President 1.0 0 X X 0 0 0 Gary Schafer Board President 3.0 1.0 X X 0 0 0 Matt Morrow Board Secretary 1.0 50.0 X X 0 274617 62401 Bob Dixon Board Member 1.0 0 X 0 0 0 Brent Baldwin Board Member 1.0 0 X 0 0 0 Chris Stange Board Member 1.0 0 X 0 0 0 David Atkisson Board Member 1.0 0 X 0 0 0 Dr Hal Higdon BOARD MEMBER 1.0 2.0 X 0 0 0 Gary Gibson Board Member 1.0 0 X 0 0 0 Hollie Elliott Board Member 1.0 0 X 0 0 0 Jason Gage Board Member 1.0 0 X 0 0 0 Jason Smith Board Member 1.0 0 X 0 0 0 Jena Holtberg-Benge Board Member 1.0 0 X 0 0 0 Jennifer Wilson Board Member 1.0 0 X 0 0 0 Joe Wilkinson Board Member 1.0 0 X 0 0 0 John Oke-Thomas Board Member 1.0 1.0 X 0 0 0 Joselyn Baldner Board Member 1.0 5.0 X 0 0 0 Rick Quint Board Member 1.0 0 X 0 0 0 Thomas Douglas Board Member 1.0 2.0 X 0 0 0 0 274617 62401 0 false true false 0 147500 525375 672875 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 68750 68750 ANNUAL MEETING 541900 43650 43650 INVESTOR EVENTS OUTLOOK SERIES 541610 77727 77727 REGIONAL PARTNERS SERVICES 541900 40000 40000 INDUSTRY OUTREACH CONTRACT 541610 3700 3700 4115 4115 0 0 237942 15328 15328 0 0 0 0 0 0 0 0 0 926145 237942 0 15328 0 0 682500 682500 9235 9235 5697 5697 0 0 8755 8755 21056 21056 26517 26517 475 475 BUSINESS DEVELOPMENT 180510 180510 INVESTOR RELATIONS 54752 54752 RESEARCH 33189 33189 LICENSES, DUES & SUBSCRIPTIONS 17839 17839 409 409 0 0 1040934 1013385 27549 0 2037268 752912 0 0 0 0 121666 121666 475 0 0 0 509658 555909 2547401 1308821 1187590 17958 90010 89600 0 0 60000 60000 539658 585909 1877258 753467 X 667959 553170 2184 2184 670143 555354 2547401 1308821 -114789 0 X false true X false false X 658231 576583 650500 598625 672875 3156814 0 0 658231 576583 650500 598625 672875 3156814 114201 3042613 2985 1631 1500 1721 15328 23165 0 0 0 0 0 0 0 3179979 1627322 0.9568 0.9796 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121666 121666 0 0 CFO INVESTMENT FOR COC 555909 555909 CFO FUND 555909 AIR SERVICE DEVELOPMENT 30000 585909 926145 0 0 926145 0 0 926145 1040934 0 0 1040934 0 0 1040934 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 204402 0 50715 0 19500 0 30266 0 32135 0 337018 0 0 Form 990, Part III, Line 4c 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, Line 9 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 VI, Line 3 Delegation of management duties 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy NO CONFLICTS OF INTEREST WERE DISCLOSED IN 2023. 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, Line 19 Required documents available to the public 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 VIII, Line 2f Other Program Service Revenue RESTRICTED INCOME - Total Revenue: 4115, Related or Exempt Function Revenue: 4115, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XII, Line 1 ACCOUNTING METHOD: THE ORGANIZAITON USES THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. ANNUAL INVESTEMENTS ARE RECOGNIZED WHEN RECEIVED. SPRINGFIELD AREA CHAMBER OF COMMERCE 202 S JOHN Q HAMONS PARKWAY SPRINGFIELD MO 65806 440501055 BUS ADVOCACY MO 501(c)(6) 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 682500 ACTUAL VALUE