2017-11-14T08:58:36-06:00 2016-12-31 BKD LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2016-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON CFO SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW SECRETARY 4178625567 2017-10-16 true Brian D Todd P00422601 4178658701 209.117.255.98 43032920173185000000 2017-11-14 P 35B2FEF9FD89B74F90B63698513A1BB518488CA1 C38732425DB7411744D9F7D4C14CD4EDB84044DF 2016 2017-02-10 21:41:12Z JOE REYNOLDS PO BOX 1687 SPRINGFIELD MO 658011687 864517 false X WWW.SPRINGFIELDREGION.COM X 1983 MO 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 REGION. 17 16 0 25 0 0 617825 579133 239593 283904 1450 1480 0 0 858868 864517 0 0 0 0 0 0 0 0 0 844067 903730 844067 903730 14801 -39213 1079137 1153831 577854 691761 501283 462070 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 320126 94635 ECONOMIC DEVELOPMENT PROJECTS - IN 2016, ECONOMIC DEVELOPMENT STAFF MANAGED MORE THAN 31 ACTIVE PROJECTS AND COORDINATED 8 PROJECTS TO ANNOUNCEMENT IN THE SPRINGFIELD REGION, WHICH IS THE MOST TANGIBLE RETURN ON ECONOMIC DEVELOPMENT INVESTMENT. IN TOTAL, THE SBDC ASSISTED IN THE CREATION OF 314 NEW JOBS FOR RESIDENTS, RESULTING IN $14.1M IN NEW PAYROLL THAT WILL BE SPENT IN THE REGIONAL ECONOMY AND SPURRING $82.6M IN NEW CAPITAL BEING INVESTED IN THE REGION. 274393 94635 BUSINESS DEVELOPMENT - DURING THE LAST YEAR, ECONOMIC DEVELOPMENT STAFF CONTINUED WITH AN AGGRESSIVE APPROACH TO ASSISTING EXISTING COMPANIES AS THEY CONSIDERED GROWTH OPTIONS AND BRINGING NEW COMPANIES TO THE AREA. TO DO THIS, STAFF, AT THE DIRECTION OF THE SBDC BOARD, MET FACE-TO-FACE WITH THE TOP LEADERSHIP OF 171 COMPANIES TO CLEAR BARRIERS FOR GROWTH AND SECURE THEIR PRESENCE IN THE REGION AS WELL AS WITH 148 SITE SELECTION CONSULTANTS WHO ADVISE A MULTITUDE OF COMPANIES ON THEIR LOCATION DECISIONS. ALL OF THIS WAS DONE WITH THE GOAL TO MAKE SPRINGFIELD MORE COMPETITIVE IN JOB CREATION AND CAPITAL INVESTMENT. 274393 94634 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. 868912 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 6 0 true 0 false false false false false false false false false false X 17 16 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 SECRETARY 5.0 45.0 X X 0 207009 39712 BOB CIRTIN BOARD MEMBER 1.0 0.0 X 0 0 0 BRAD CRAIN BOARD MEMBER 1.0 0.0 X 0 0 0 DEBBIE SHANTZ-HART BOARD MEMBER 1.0 10.0 X 0 0 0 DOUG NEFF BOARD MEMBER 1.0 1.0 X 0 0 0 DR HAL HIGDON BOARD MEMBER 1.0 0.0 X 0 0 0 GREG BURRIS BOARD MEMBER 1.0 0.0 X 0 0 0 JAY TITUS BOARD VICE PRESIDENT 1.0 0.0 X X 0 0 0 JOE REYNOLDS BOARD PRESIDENT 3.0 1.0 X X 0 0 0 JULIE TURNER-BROWN BOARD MEMBER 1.0 0.0 X 0 0 0 KENNY ROSS BOARD MEMBER 1.0 0.0 X 0 0 0 KEVIN AUSBURN BOARD MEMBER 1.0 0.0 X 0 0 0 ROB FULP BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT MILLER BOARD MEMBER 1.0 0.0 X 0 0 0 TOM HILMES BOARD MEMBER 1.0 0.0 X 0 0 0 TOM RANKIN BOARD MEMBER 1.0 0.0 X 0 0 0 TONY POLODNA BOARD TREASURER 1.0 0.0 X X 0 0 0 0 207009 39712 0 false true false NONE 0 90008 489125 579133 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 REGIONAL PARTNERS SERVICES 541900 65000 65000 ANNUAL MEETING 541900 27860 27860 ECONOMIC OUTLOOK CONFERENCE 541900 14440 14440 MISCELLANEOUS INCOME 900099 11604 11604 283904 1480 1480 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 864517 283904 1480 0 0 0 0 0 0 0 0 0 0 575000 575000 0 7832 7832 0 0 0 6022 6022 84675 84675 0 0 0 0 38795 38795 0 28024 28024 0 0 16524 16524 0 BUSINESS DEVELOPMENT 56310 56310 CONTINGENCY 39185 39185 INVESTOR RELATIONS 24057 24057 RESEARCH 16844 16844 10462 10462 903730 868912 34818 0 0 0 513378 613048 0 0 0 0 0 0 0 0 0 0 0 0 21250 10050 118501 85763 46280 32738 0 0 0 0 0 0 0 0 498229 497995 1079137 1153831 0 43291 0 0 19625 90475 0 0 0 0 0 0 0 0 60000 60000 498229 497995 577854 691761 X 498774 459886 2509 2184 0 0 501283 462070 1079137 1153831 -39213 X X false true X false false X 267942 787255 638183 617825 579133 2890338 0 0 267942 787255 638183 617825 579133 2890338 110307 2780031 1079 1244 1332 1450 1480 6585 0 0 2896923 1258413 0.95965 0.97294 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118501 85763 32738 32738 CFO Investment for CoC 497995 497995 0 CFO FUND 497995 497995 864517 864517 864517 903730 903730 903730 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 SECRETARY 0 162115 0 44810 0 84 0 21057 0 18655 0 246721 0 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 INDEPENDENT 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 E-MAILED 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 2016. 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 true true true true false false false false