2015-11-13T14:41:24-06:00 2014-12-31 BKD LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2014-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 MATT MORROW BOARD SECRETARY 4178625567 2015-11-15 true Gary V Garwitz P00423582 4178658701 2014 2016-04-25 22:37:26Z TOM RANKIN PO BOX 1687 SPRINGFIELD MO 658011687 888147 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. 18 17 0 25 0 0 787255 638183 237244 248632 1244 1332 0 0 1025743 888147 0 0 0 0 0 0 0 0 0 737671 834330 737671 834330 288072 53817 1036782 552736 104117 66254 932665 486482 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 320321 99452 EXISTING BUSINESS SUPPORT PROGRAM - BUSINESS ASSISTANCE HAS ALWAYS BEEN A FOCUS OF THE CHAMBER'S ECONOMIC DEVELOPMENT STAFF BUT, IN 2011, THE SBDC FORMALIZED THAT EFFORT BY IMPLEMENTING A NEW PROGRAM DEDICATED TO GROWING AND RETAINING EXISTING COMPANIES IN THE SPRINGFIELD REGION. AT ITS CORE, THE EXISTING BUSINESS SUPPORT PROGRAM INVOLVES TALKING WITH LOCAL EXECUTIVES, REMOVING BARRIERS TO THEIR GROWTH, AND PROVIDING ASSISTANCE AS THEY EXPAND. SEE SCHEDULE O FOR MORE INFORMATION. 240241 74590 MARKETING THE REGION - IN 2014, THE SBDC UNDERTOOK MORE AGGRESSIVE MARKETING OF THE SPRINGFIELD REGION THROUGH TARGET INDUSTRY TRADE SHOWS AND MEETING WITH SITE SELECTION CONSULTANTS. SEE SCHEDULE O FOR MORE INFORMATION. 240241 74590 ECONOMIC DEVELOPMENT PROJECTS - IN 2014, ECONOMIC DEVELOPMENT STAFF MANAGED MORE THAN 40 ACTIVE PROJECTS AND COORDINATED 10 NEW JOB ANNOUNCEMENTS IN THE SPRINGFIELD REGION, THE MOST TANGIBLE RETURN ON ECONOMIC DEVELOPMENT INVESTMENT. IN TOTAL, THE SBDC ASSISTED IN $109.5M OF NEW CAPITAL INVESTMENT COMING TO THE REGION AND THE CREATION OF 227 NEW JOBS FOR RESIDENTS, RESULTING IN $7.4M IN NEW PAYROLL SPENT IN THE LOCAL ECONOMY. 800803 true true false false false false false false false false true false false false false 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 8 0 true 0 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 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 ANN MARIE BAKER BOARD MEMBER 1.0 0.0 X 0 0 0 SHAUN BURKE BOARD MEMBER 1.0 2.0 X 0 0 0 GREG BURRIS BOARD MEMBER 1.0 1.0 X 0 0 0 BRIAN FOGLE BOARD MEMBER 1.0 1.0 X 0 0 0 ROB FULP BOARD MEMBER 1.0 0.0 X 0 0 0 RON HAWLEY BOARD MEMBER 1.0 0.0 X 0 0 0 JOE JOHNSON BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES LEWIS BOARD MEMBER 1.0 0.0 X 0 0 0 MARK MCFATRIDGE BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT MILLER BOARD MEMBER 1.0 0.0 X 0 0 0 TONY POLODNA BOARD MEMBER 1.0 0.0 X 0 0 0 GARY POWELL BOARD PRESIDENT 2.0 1.0 X X 0 0 0 TOM RANKIN BOARD VICE PRESIDENT 1.0 0.0 X X 0 0 0 JOE REYNOLDS BOARD TREASURER 1.0 0.0 X X 0 0 0 JEFF SCHRAG BOARD MEMBER 1.0 10.0 X 0 0 0 JULIE TURNER-BROWN BOARD MEMBER 1.0 0.0 X 0 0 0 JIM VIEBROCK BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES ANDERSON BOARD SECRETARY ENDING 06/2014 5.0 45.0 X X 0 143114 29963 MATT MORROW BOARD SECRETARY BEGIN 09/2014 5.0 45.0 X X 0 40616 1299 0 183730 31262 0 false true false NONE 0 71600 566583 638183 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 5960 5960 ECONOMIC OUTLOOK CONFERENCE 541900 26390 26390 REGIONAL PARTNERS SERVICES 541900 50500 50500 MISCELLANEOUS INCOME 900099 782 782 248632 1332 1332 0 0 0 0 0 0 0 0 0 0 888147 248632 1332 0 0 0 0 0 0 0 0 0 0 0 565000 565000 0 7550 7550 0 0 0 11888 11888 75635 75635 2905 2905 0 0 0 28077 28077 0 24178 24178 0 0 17740 17740 0 BUSINESS DEVELOPMENT 51059 51059 RESEARCH 20031 20031 INVESTOR RELATIONS 17015 17015 LICENSES, DUES, SUBSCRIPTION 8237 8237 5015 5015 834330 800803 33527 0 0 0 492726 502496 500000 0 0 0 0 0 0 0 0 0 0 0 98 21500 79291 50551 43958 28740 0 0 0 0 0 0 0 0 0 0 1036782 552736 12012 2254 29605 0 2500 4000 0 0 0 0 0 0 0 0 60000 60000 0 0 104117 66254 X 430156 483973 502509 2509 0 0 932665 486482 1036782 552736 X 53817 -500000 X X false true X false false X 84216 95709 267942 787255 638183 1873305 0 0 84216 95709 267942 787255 638183 1873305 37009 1836296 1368 1573 1079 1244 1332 6596 0 0 1879901 1149131 0.97681 0.98482 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79291 50551 28740 28740 1388147 500000 500000 888147 888147 1334330 500000 500000 834330 834330 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. SCHEDULE D, PART XI, LINE 2D OTHER REVENUE ON LINE 1, BUT NOT ON FORM 990, PART VIII, LINE 12: $ 500,000 NET ASSETS RELEASED FROM RESTRICTION SCHEDULE D, PART XII, LINE 2D OTHER EXPENSES ON LINE 1, BUT NOT ON FORM 990, PART IX, LINE 25: $ 500,000 TRANSFER TO AFFILIATE false false false false false false false false false JAMES ANDERSON BOARD SECRETARY ENDING 06/2014 0 135264 0 1735 0 6115 0 13918 0 16045 0 173077 0 0 FORM 990, PART III, LINE 4A EXISTING BUSINESS SUPPORT PROGRAM: IN 2014, STAFF CONDUCTED MORE THAN 150 FACE-TO-FACE VISITS WITH LOCAL BUSINESS EXECUTIVES, DURING WHICH SEVERAL THEMES EMERGED AND THE STAFF WAS ABLE TO PROVIDE TANGIBLE, DIRECT ASSISTANCE TO A NUMBER OF THE COMPANIES VISITED, SERVING AS A BRIDGE TO RESOURCES THAT INCREASED COMPANIES' BOTTOM LINE, RESOLVED LONG-STANDING ISSUES AND MADE THEIR OPERATIONS MORE PRODUCTIVE. FORM 990, PART III, LINE 4B MARKETING IN THE REGION: MARKETING AND BUSINESS ATTRACTION EFFORTS FOCUSED ON THE TARGET INDUSTRIES IDENTIFIED BY MARKET STREET SERVICES IN 2010, WHICH REFLECTS THE SUCCESS THE REGION HAS EXPERIENCED IN DRAWING COMPANIES TO THE AREA, AS WELL AS NEW INDUSTRIES FOR WHICH THE REGION HAS COMPETITIVE ADVANTAGES. UTILIZING THE SPRINGFIELD REGIONAL ECONOMIC PARTNERSHIP (SREP) TO MARKET THE 10-COUNTY REGION, STAFF MET WITH MORE THAN 150 CONSULTANTS THAT ADVISE COMPANIES MAKING LOCATION DECISIONS. THE SBDC ALSO PARTNERED WITH MISSOURI PARTNERSHIP TO UTILIZE TESTIMONIALS FROM SUCCESSFUL LOCAL EXECUTIVES TO TELL THE SPRINGFIELD REGION'S STORY OF ECONOMIC SUCCESS. 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 VICE PRESIDENT OF FINANCE AND ADMINISTRATION 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 2014. 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 XI, LINE 9 OTHER CHANGES IN NET ASSETS: $(500,000) TRANSFER TO AFFILIATE 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 PO BOX 1687 SPRINGFIELD MO 65801 440501055 BUS ADVOCACY MO 501(C)(6) N/A NA false false false false false false false false false false false false false true true true false false true false