2012-08-09T14:29:50-05:00 2011-12-31 BKD LLP 910 E ST LOUIS 200/PO BOX 1190 SPRINGFIELD MO 658062523 990 2011-01-01 431309497 SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION % JENNIFER DALTON SPRI 4178625567 PO BOX 1687 SPRINGFIELD MO 658011687 ANN MARIE BAKER 2012-07-10 true Gary V Garwitz 4178658701 2011 2016-02-24 21:20:13Z TOM BABIK PO BOX 1687 SPRINGFIELD MO 65801 332574 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 84216 95709 178923 235292 1368 1573 0 0 264507 332574 0 0 0 0 0 0 0 0 0 643150 664512 643150 664512 -378643 -331938 1392743 980666 60292 60000 1332451 920666 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 224895 82352 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. 212043 77646 ECONOMIC DEVELOPMENT PROJECTS - IN 2011, ECONOMIC DEVELOPMENT STAFF MANAGED MORE THAN 30 ACTIVE PROJECTS AND COORDINATED 12 NEW JOB ANNOUNCEMENTS IN THE SPRINGFIELD REGION, THE MOST TANGIBLE RETURN ON ECONOMIC DEVELOPMENT INVESTMENT. IN TOTAL, THE SBDC ASSISTED IN $73.6M OF NEW CAPITAL INVESTMENT COMING TO THE REGION AND THE CREATION OF 1,167 NEW JOBS FOR RESIDENTS, RESULTING IN $40.4 MILLION IN NEW PAYROLL SPENT IN THE LOCAL ECONOMY. 205618 75293 MARKETING THE REGION - IN 2011, THE SBDC UNDERTOOK MORE AGGRESSIVE MARKETING OF THE SPRINGFIELD REGION THROUGH TARGET INDUSTRY TRADE SHOWS AND MEETING WITH SITE SELECTION CONSULTANTS. 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 COMPETITVE ADVANTAGES. 642556 true true false false false false false false false true false false true 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 false true 2 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 1.0 X X 0 179651 65197 THOMAS BABIK 2.0 X X 0 0 0 ANN MARIE BAKER 1.0 X X 0 0 0 SHAUN BURKE 1.0 X X 0 0 0 GREG BURRIS 1.0 X 0 0 0 GARY POWELL 1.0 X JOE JOHNSON 1.0 X 0 0 0 ROGER HOWARD 1.0 X 0 0 0 JAMES LEWIS 1.0 X 0 0 0 TODD SHERMAN 1.0 X 0 0 0 TIM ROSENBURY 1.0 X 0 0 0 JOHN WANAMAKER 1.0 X 0 0 0 RON HAWLEY 1.0 X 0 0 0 ROB FULP 1.0 X 0 0 0 JERRY HARMISON 1.0 X 0 0 0 SCOTT MILLER 1.0 X 0 0 0 JOE REYNOLDS 1.0 X 0 0 0 JIM VIEBROCK 1.0 X 0 0 0 0 179651 65197 0 false true false NONE 0 95709 95709 ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT 541610 165000 165000 ANNUAL MEETING 541900 3850 3850 ECONOMIC OUTLOOK CONFERENCE 541900 13650 13650 REGIONAL PARTNERS SERVICES 541900 52500 52500 MISCELLANEOUS INCOME 900099 292 292 235292 1573 1573 0 0 0 0 0 0 0 332574 235292 1573 0 0 0 0 0 0 0 0 0 0 505000 505000 0 5950 5950 0 0 0 0 17188 17188 2670 2670 0 0 0 33807 33807 0 0 0 0 7607 7607 0 INVESTOR RELATIONS 9883 9883 LICENSES, DUES & SUBSCRIPTIONS 8399 8399 ECONOMIC OUTLOOK CONFERENCE 11206 11206 BUSINESS DEVELOPMENT 39170 39170 23632 23632 664512 642556 21956 0 0 0 129362 183116 1146172 691448 3500 0 0 0 0 0 0 0 0 0 0 0 58432 53511 12528 4921 0 0 0 0 0 0 0 0 101181 101181 1392743 980666 282 0 0 0 0 0 0 0 0 0 0 0 0 0 60000 60000 10 0 60292 60000 X 127091 177377 1205360 743289 0 0 1332451 920666 1392743 980666 X -331938 -79847 X false true false X false X 1891226 734765 78292 84216 95709 2884208 1891226 734765 78292 84216 95709 2884208 67364 2816844 4220 990 2649 1368 1573 10800 12920 12920 2907928 991261 0.96868 0.96174 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58432 53511 4921 4921 LAND FOR DEVELOPMENT-PIC WEST 101181 101181 332574 664512 -331938 -79847 -79847 -411785 252727 -79847 -79847 332574 332574 664512 664512 664512 UNCERTAIN TAX POSITION 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 CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 (72,500) CANCELLATION OF PLEDGES (7,347) DECREASE IN PIC WEST MARKETING RESTRICTION -------- (79,847) TOTAL OTHER REVENUE ON BOOKS NOT ON RETURN SCHEDULE D, PART XII, LINE 2D (72,500) CANCELLATION OF PLEDGES (7,347) DECREASE IN PIC WEST MARKETING RESTRICTION --------- (79,847) TOTAL false false false false false false false false false JAMES B ANDERSON 0 172302 960 6389 34582 30615 0 244848 EXISTING BUSINESS SUPPORT PROGRAM FORM 990, PART III, LINE 4A CONTINUED FROM FORM 990 PAGE 2: IN 2011, 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 MORE THAN 56 OF THE 100 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 4C CONTINUED FROM FORM 990 PAGE 2: UTILIZING THE SPRINGFIELD REGIONAL ECONOMIC PARTNERSHIP (SREP) TO MARKET THE 10-COUNTY REGION, STAFF PARTICIPATED IN MORE THAN NINE INDUSTRY TRADE SHOWS IN 2011 AND MET WITH MORE THAN 72 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. 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 2011. 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. OFFICER HOURS FORM 990, PART VII, SECTION A, LINE 1, COLUMN (B) BOARD SECRETARY JAMES B. ANDERSON IS THE PRESIDENT OF SPRINGFIELD AREA CHAMBER OF COMMERCE, INC., A RELATED ORGANIZATION. MR. ANDERSON WORKS APPROXIMATELY 60 HOURS PER WEEK BETWEEN THESE ENTITIES. OTHER CHANGE IN NET ASSETS FORM 990, PART XI, LINE 5 (72,500) CANCELLATION OF PLEDGES (7,347) DECREASE IN PIC WEST MARKETING RESTRICTION --------- (79,847) TOTAL CHANGE 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