2022-11-14T15:25:17-06:00 2021-12-31 FORVIS LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2021-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON CFO SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW SECRETARY 4178625567 2022-10-27 true MATT MORROW 999009999 Brian D Todd P00422601 4178658701 2 2021 2022-09-23 18:48:47Z GARY SCHAFER PO BOX 1687 SPRINGFIELD MO 658011687 977439 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 576583 650500 356987 325439 1631 1500 0 0 935201 977439 0 0 0 0 0 0 0 0 0 880428 850563 880428 850563 54773 126876 1302950 1433822 803110 807106 499840 626716 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 302995 118341 ECONOMIC DEVELOPMENT PROJECTS - IN 2021, ECONOMIC DEVELOPMENT TEAM MANAGED 40 NEW BUSINESS INVESTMENT OPPORTUNITIES/LEADS, RESULTING IN 10 COMPETITIVE PROJECTS. THE TEAM HOSTED 6 PROJECT SPECIFIC SITE VISITS IN THE SPRINGFIELD REGION AND ANNOUNCED 4 PROJECT WINS. 265122 103549 BUSINESS DEVELOPMENT INITIATIVES - IN 2021, 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. 265122 103549 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. 833239 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 false false false false false true true false false true true true true true true false false false X JENNIFER DALTON CFO 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW BOARD SECRETARY 3.0 45.0 X X 0 219453 51328 JENA HOLTBERG-BENGE BOARD PRESIDENT 2.0 1.0 X X 0 0 0 GARY SCHAFER BOARD VICE PRESIDENT 1.0 0.0 X X 0 0 0 CHRIS STANGE BOARD TREASURER 1.0 0.0 X X 0 0 0 LOGAN AGUIRRE BOARD MEMBER 1.0 5.0 X 0 0 0 DAVID ATKISSON BOARD MEMBER 1.0 0.0 X 0 0 0 KEVIN AUSBURN BOARD MEMBER 1.0 0.0 X 0 0 0 JOSELYN BALDNER BOARD MEMBER 1.0 1.0 X 0 0 0 BOB DIXON BOARD MEMBER 1.0 0.0 X 0 0 0 BRAD ERWIN BOARD MEMBER 1.0 0.0 X 0 0 0 JASON GAGE BOARD MEMBER 1.0 0.0 X 0 0 0 GARY GIBSON BOARD MEMBER 1.0 0.0 X 0 0 0 BILL HAMMITT BOARD MEMBER 1.0 0.0 X 0 0 0 BRYAN MAGERS BOARD MEMBER 1.0 0.0 X 0 0 0 RICK QUINT BOARD MEMBER 1.0 0.0 X 0 0 0 ROBIN ROBESON BOARD MEMBER 1.0 0.0 X 0 0 0 JOE WILKINSON BOARD MEMBER 1.0 0.0 X 0 0 0 JENNIFER WILSON BOARD MEMBER 1.0 0.0 X 0 0 0 0 219453 51328 0 false true false NONE 0 120000 530500 650500 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 37835 37835 INVESTOR EVENTS OUTLOOK SERIES 541610 74355 74355 REGIONAL PARTNERS SERVICES 541900 42500 42500 INDUSTRY OUTREACH CONTRACT 541610 5749 5749 325439 1500 1500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 977439 325439 1500 0 0 0 0 0 0 0 0 0 0 655000 655000 0 8671 8671 0 0 0 7922 7922 12327 12327 0 0 0 0 12417 12417 0 25486 25486 0 0 1019 1019 0 BUSINESS DEVELOPMENT 70302 70302 INVESTOR RELATIONS 33883 33883 RESEARCH 15902 15902 LICENSES, DUES & SUBSCRIPTIONS 7634 7634 850563 833239 17324 0 0 0 735908 816288 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121666 120558 2127 1108 0 0 0 0 0 0 0 0 564915 616426 1302950 1433822 7795 30 0 0 140400 100650 0 0 0 0 0 0 0 0 60000 60000 594915 646426 803110 807106 X 497656 624532 2184 2184 499840 626716 1302950 1433822 126876 X X false true X false false X 608626 647100 658231 576583 650500 3141040 0 0 608626 647100 658231 576583 650500 3141040 127954 3013086 1434 1978 2985 1631 1500 9528 0 0 3150568 1821122 0.95636 0.94701 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121666 120558 1108 1108 CFO Investment for CoC 616426 616426 0 CFO FUND 616426 AIR SERVICE DEVELOPMENT 30000 646426 977439 977439 977439 850563 850563 850563 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 169638 0 30189 0 19626 0 21378 0 29950 0 270781 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 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 FINANCIAL 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 2021. 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