2013-10-16T10:41:11-05:00 2012-12-31 BKD LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2012-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON SPRI 4178625567 PO BOX 1687 Suite SPRINGFIELD MO 658011687 GARY POWELL 4178625567 2013-08-13 true Gary V Garwitz 4178658701 2012 2016-03-07 17:11:31Z SHAUN BURKE PO BOX 1687 SPRINGFIELD MO 65801 518061 false X WWW.BUSINESS4SPRINGFIELD.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 SPRINGFIELD AREA. 18 17 0 25 0 0 95709 267942 235292 249040 1573 1079 0 0 332574 518061 0 0 0 0 0 0 0 0 0 664512 745526 664512 745526 -331938 -227465 980666 726926 60000 64725 920666 662201 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 345310 118857 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. 205787 70832 MARKETING THE REGION - IN 2012, 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. 172431 59351 ECONOMIC DEVELOPMENT PROJECTS - IN 2012, 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 $67.2M OF NEW CAPITAL INVESTMENT COMING TO THE REGION AND THE CREATION OF 371 NEW JOBS FOR RESIDENTS, RESULTING IN $11.2 MILLION IN NEW PAYROLL SPENT IN THE LOCAL ECONOMY. 723528 true true false false false false false false false false true false false false 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 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 15.0 45.0 X X 0 202545 66336 THOMAS BABIK 1.0 X ANN MARIE BAKER 1.0 X X SHAUN BURKE 2.0 X X GREG BURRIS 1.0 X GARY POWELL 2.0 X X JOE JOHNSON 1.0 X DR HAL HIGDON 1.0 X JAMES LEWIS 1.0 X TODD SHERMAN 1.0 X JULIE TURNER-BROWN 1.0 X JOHN WILSON 1.0 X RON HAWLEY 1.0 X ROB FULP 1.0 X JERRY HARMISON 1.0 X SCOTT MILLER 1.0 X JOE REYNOLDS 1.0 X JIM VIEBROCK 1.0 X 0 202545 66336 0 false true false NONE 0 100500 167442 267942 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 3700 3700 ECONOMIC OUTLOOK CONFERENCE 541900 21840 21840 REGIONAL PARTNERS SERVICES 541900 51000 51000 MISCELLANEOUS INCOME 900099 7500 7500 249040 1079 1079 0 0 0 0 0 0 0 0 0 0 518061 249040 1079 0 0 0 0 0 0 0 0 0 0 0 0 0 505000 505000 0 6630 6630 0 0 0 0 15943 15943 22402 22402 2638 2638 0 0 0 65688 65688 0 14626 14626 0 0 3823 3823 0 INVESTOR RELATIONS 13087 13087 LICENSES, DUES & SUBSCRIPTIONS 11545 11545 BUSINESS DEVELOPMENT 62974 62974 RESEARCH 11170 11170 10000 10000 745526 723528 21998 0 0 0 183116 254632 691448 370015 0 0 0 0 0 0 0 0 0 0 0 0 159613 57334 106102 102279 0 0 0 0 0 0 0 0 0 0 980666 726926 0 4717 0 0 0 0 0 0 0 0 0 0 0 0 60000 60000 0 8 60000 64725 X 177377 272069 743289 390132 0 0 920666 662201 980666 726926 X -227465 -31000 X false true X false false X 734765 78292 84216 95709 267942 1260924 0 0 734765 78292 84216 95709 267942 1260924 155642 1105282 990 2649 1368 1573 1079 7659 0 0 1268583 1070501 0.87127 0.96868 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101181 101181 58432 57334 1098 102279 0 DUE TO RELATED PARTY 8 8 455337 -31000 -31724 -62724 518061 518061 713802 713802 31724 31724 745526 UNCERTAIN TAX POSITIONS 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. OTHER REVENUE INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 SCHEDULE D, PART XI, LINE 2D $(31,724) CHANGE IN PIC WEST MARKETING RESTRICTION OTHER EXPENSES INCLUDED ON FORM 990, PART IX, LINE 25, BUT NOT ON LINE 1 SCHEDULE D, PART XII, LINE 4B $ 31,724 CHANGE IN PIC WEST MARKETING RESTRICTION false false false false false false false false false JAMES B ANDERSON 0 167669 0 16530 0 18346 0 36943 0 29393 0 268881 0 0 EXISTING BUSINESS SUPPORT PROGRAM FORM 990, PART III, LINE 4A IN 2012, 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. MARKETING THE REGION FORM 990, PART III, LINE 4B 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 PARTICIPATED IN MORE THAN EIGHT INDUSTRY TRADE SHOWS IN 2012 AND MET WITH MORE THAN 141 CONSULTANTS THAT ADVISE COMPANIES MAKING LOCATION DECISIONS ALL GENERATING 58 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. MANAGEMENT CONTROL FORM 990, PART VI, SECTION A, LINE 3 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 REVIEW PROCESS FORM 990, PART VI, SECTION A, LINE 11B 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C NO CONFLICTS OF INTEREST WERE DISCLOSED IN 2012. 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. GOVERNING DOCUMENTS AVAILABILITY FORM 990, PART VI, SECTION C, LINE 19 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. OTHER CHANGE IN NET ASSETS FORM 990, PART XI, LINE 9 $(31,000) CANCELLATION OF PLEDGES 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 true true true true false false false false