EIN 43-1309497

Springfield Business Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1983
Most recent tax filings
2022-12-01
NTEE code, primary
Description
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. Program; assisting Business and industry and attracting new Business and industry to the region. To provide continued revenue source for the chamber's economic dev.
Related structure
Springfield Business Development Corporation is a subordinate organization under Springfield Area Chamber of Commerce.
Total revenues
$937,090
2022
Total expenses
$893,663
2022
Total assets
$2,547,401
2022
Num. employees
0
2022

Program areas at Springfield Business Development Corporation

Economic Development projects - in 2022, economic Development team managed several new Business investment opportunities/leads, resulting in 10 competitive projects. The team hosted 5 project specific site visits in the Springfield region and announced 2 project wins, resulting in $13m in new payroll and $43m in new capital investment.
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.
Business Development initiatives - in 2022, our aggressive approach to assisting existing companies with growth options, continued along with our outreach to bring new primary industry sector employers to the area. Staff held numerous face-to-face meetings with local Business leaders to identify barriers to growth and investments they may need to make to ensure their presence in the region. See schedule o for additional information.

Who funds Springfield Business Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mercy Health Springfield CommunitiesEconomic and Workforce Support$52,500
Community Foundation of the Ozarks (CFO)Specific Program$31,251
Commerce Bancshares FoundationUsed at the Discretion of the Board of Directors Or Trustees As They See Fit for Operating Their Organization.$7,500

Personnel at Springfield Business Development Corporation

NameTitleCompensation
Matt MorrowSecretary$0
Chris StangeBoard Vice President / Board Treasurer / Board Member$0
Brad ErwinBoard Treasurer / Board Member$0
Gary SchaferBoard President / Board Vice President / Board Treasurer / Board Member$0
Brad CrainBoard President$0
...and 2 more key personnel

Financials for Springfield Business Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$598,625
Program services$336,744
Investment income and dividends$1,721
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$937,090

Form 990s for Springfield Business Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-12990View PDF
2019-122021-04-05990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 3 new personnel
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $7,500 from Commerce Bancshares Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 1687
Springfield, MO 65801
Metro area
Springfield, MO
County
Greene County, MO
Website URL
springfieldregion.com/ 
Phone
(417) 862-5567
IRS details
EIN
43-1309497
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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