2014-11-11T09:13:40-06:00 2013-12-31 BKD LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2013-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON SPRI 4178625567 PO BOX 1687 Suite SPRINGFIELD MO 658011687 JAMES LEWIS BOARD TREASURER 4178625567 2014-10-23 true Gary V Garwitz P00423582 4178625567 2013 2015-11-30 17:44:51Z GARY POWELL PO BOX 1687 SPRINGFIELD MO 65801 1126924 false X WWW.BUSINESS4SPRINGFIELD.COM X 1983 MO TO PROVIDE A CONTINUED REVENUE SOURCE FOR THE CHAMBER'S ECONOMIC THE CHAMBER'S ECONOMIC DEVELOPMENT PROGRAM; ASSISTING BUSINESS & INDUSTRY & ATTRACTING NEW BUSINESS & INDUSTRY TO THE SPRINGFIELD AREA. 18 17 0 25 0 0 267942 787255 249040 237244 1079 1244 0 0 518061 1025743 0 0 0 0 0 0 0 0 0 745526 737671 745526 737671 -227465 288072 726926 1036782 64725 104117 662201 932665 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 AREA. false false 284976 94898 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. 213732 71173 MARKETING THE REGION - IN 2013, THE SBDC UNDERTOOK AGGRESSIVE MARKETING OF THE SPRINGFIELD REGION THROUGH TARGET INDUSTRY TRADE SHOWS AND MEETING WITH SITE SELECTION CONSULTANTS. SEE SCHEDULE O FOR MORE INFORMATION. 213732 71173 ECONOMIC DEVELOPMENT PROJECTS - IN 2013, ECONOMIC DEVELOPMENT STAFF MANAGED MORE THAN 30 ACTIVE PROJECTS AND COORDINATED 9 NEW JOB ANNOUNCEMENTS IN THE SPRINGFIELD REGION, THE MOST TANGIBLE RETURN ON ECONOMIC DEVELOPMENT INVESTMENT. IN TOTAL, THE SBDC ASSISTED IN $63M OF NEW CAPITAL INVESTMENT COMING TO THE REGION AND THE CREATION OF 651 NEW JOBS FOR RESIDENTS, RESULTING IN $24M IN NEW PAYROLL SPENT IN THE LOCAL ECONOMY. 712440 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 false false true 6 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 JAMES B ANDERSON BOARD SECRETARY 15.0 45.0 X X 0 208415 48114 THOMAS BABIK BOARD MEMBER 1.0 0.0 X ANN MARIE BAKER BOARD PRESIDENT 2.0 1.0 X X SHAUN BURKE BOARD MEMBER 2.0 1.0 X GREG BURRIS BOARD MEMBER 1.0 1.0 X GARY POWELL BOARD VICE PRESIDENT 1.0 0.0 X X JOE JOHNSON BOARD MEMBER 1.0 0.0 X BRIAN FOGLE BOARD MEMBER 1.0 10.0 X JAMES LEWIS BOARD TREASURER 2.0 0.0 X X TOM HILMES BOARD MEMBER 1.0 1.0 X JULIE TURNER-BROWN BOARD MEMBER 1.0 0.0 X JOHN WILSON BOARD MEMBER 1.0 1.0 X RON HAWLEY BOARD MEMBER 1.0 0.0 X ROB FULP BOARD MEMBER 1.0 1.0 X TOM RANKIN BOARD MEMBER 1.0 0.0 X SCOTT MILLER BOARD MEMBER 1.0 0.0 X JOE REYNOLDS BOARD MEMBER 1.0 0.0 X JIM VIEBROCK BOARD MEMBER 1.0 0.0 X 0 0 0 208415 48114 0 false true false NONE 0 141895 645360 787255 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 4250 4250 ECONOMIC OUTLOOK CONFERENCE 541900 21245 21245 REGIONAL PARTNERS SERVICES 541900 45000 45000 MISCELLANEOUS INCOME 900099 1749 1749 237244 1244 1244 0 0 0 0 0 101181 101181 0 0 0 0 0 1025743 237244 1244 0 0 0 0 0 0 0 0 0 0 0 545000 545000 0 7120 7120 0 0 0 7473 7473 33684 33684 2520 2520 0 0 0 41553 41553 0 11073 11073 0 0 9262 9262 0 BUSINESS DEVELOPMENT 35201 35201 RESEARCH 19241 19241 INVESTOR RELATIONS 14695 14695 LICENSES, DUES, SUBSCRIPTIONS 8849 8849 2000 2000 737671 712440 25231 0 0 0 254632 492726 370015 500000 0 0 0 0 0 0 0 0 0 0 0 98 76769 32811 102279 43958 0 0 0 0 0 0 0 0 0 0 726926 1036782 4717 12012 0 29605 0 2500 0 0 0 0 0 0 0 0 60000 60000 8 0 64725 104117 X 272069 430156 390132 502509 0 0 662201 932665 726926 1036782 X 288072 -17608 X X false true X false false X 78292 84216 95709 267942 787255 1313414 0 0 78292 84216 95709 267942 787255 1313414 12146 1301268 2649 1368 1573 1079 1244 7913 0 0 1321327 1080156 0.98482 0.87127 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76769 32811 43958 43958 895758 2500 2500 893258 132485 132485 1025743 755279 17608 17608 737671 737671 SCHEDULE D, PART X, LINE 2 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 INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12: $ 2,500 NET ASSETS RELEASED FROM RESTRICTION SCHEDULE D, PART XI, LINE 4B OTHER REVENUE INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1: $ 132,485 TEMPORARILY RESTRICTED CONTRIBUTIONS SCHEDULE D, PART XII, LINE 2D OTHER EXPENSE INCLUDED ON LINE 1, BUT NOT ON FORM 990, PART IX, LINE 25: $ 17,608 CHANGE IN PIC WEST MARKETING RESTRICTION false false false false false false false false false JAMES B ANDERSON BOARD SECRETARY 0 178100 0 11470 0 18845 0 20769 0 27345 0 256529 0 0 FORM 990, PART III, LINE 4A EXISTING BUSINESS SUPPORT PROGRAM: IN 2013, STAFF CONDUCTED MORE THAN 100 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 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, IN 2013, STAFF MET WITH MORE THAN 130 CONSULTANTS THAT ADVISE COMPANIES MAKING LOCATION DECISIONS ALL GENERATING 39 QUALIFIED LEADS. 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 A, 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 2013. 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: $ (17,608) CHANGE IN PIC WEST MARKETING RESTRICTION 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 false false