Nonprofit · EIN 43-1309497
SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION
Tax-exempt · SPRINGFIELD, MO 65801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $962,431 | $1,008,369 | -$45,938 | $1,264,246 | $754,830 | $509,416 |
| December 31, 2023 | 990 | $926,145 | $1,040,934 | -$114,789 | $1,308,821 | $753,467 | $555,354 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $666,250
- of which government grants
- $122,500
- Program service revenue
- $268,805
- Investment income
- $27,376
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,955
- Travel
- $21,008
- Program services (functional)
- $950,075
- Management and general (functional)
- $58,294
Balance sheet and other
- Total assets, start of year
- $1,308,821
- Total assets, end of year
- $1,264,246
- Total liabilities, end of year
- $754,830
- Net assets, end of year
- $509,416
- Net assets without donor restrictions
- $453,717
- Net assets with donor restrictions
- $55,699
- Gross receipts
- $962,431
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1983
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Matt Morrow | Board Secretary Trustee or director, Officer | 1 | $0 | $273,902 | $57,411 |
| Brad Erwin | Board Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Christina Angle | Board President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| David Atkisson | Board Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Bob Dixon | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brent Baldwin | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brian Hammons | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Carl Kicklighter | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Chris Stange | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Gary Gibson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Gary Schafer | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Hollie Elliott | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jake McWay | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Gage | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Wilkinson | Board Member Trustee or director | 1 | $0 |
| Joselyn Baldner | Board Member Trustee or director | 1 | $0 |
| Robert Randolph | Board Member Trustee or director | 1 | $0 |
| Stephanie O'Connor | Board Member Trustee or director | 1 | $0 |
| Trevor Crist | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Matt Morrow | Board Secretary Trustee or director, Officer | 1 | $0 | $274,617 | $62,401 |
| Brad Erwin | Board Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Christina Angle | Board Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Gary Schafer | Board President Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Bob Dixon | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brent Baldwin | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Chris Stange | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| David Atkisson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dr Hal Higdon | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| Gary Gibson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Hollie Elliott | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Gage | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jason Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jena Holtberg-Benge | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer Wilson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Joe Wilkinson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| John Oke-Thomas | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Joselyn Baldner | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Rick Quint | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Douglas | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1687, SPRINGFIELD, MO 65801-1687
- In care of
- % JENNIFER DALTON COO
- Principal officer (990 for 2024)
- Brad Erwin, PO Box 1687, Springfield, MO 658011687
- Signed the 990
- Matt Morrow, Corporate Secretary
- Phone
- (417) 862-5567
- Website
- WWW.SPRINGFIELDREGION.COM
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- ECONOMIC DEVELOPMENT PROJECTS - IN 2024, ECONOMIC DEVELOPMENT TEAM MANAGED SEVERAL NEW BUSINESS INVESTMENT OPPORTUNITIES/LEADS, RESULTING IN 9 SUCCESSFUL PROJECTS. THE TEAM HOSTED 5 PROJECT SPECIFIC SITE VISITS IN THE SPRINGFIELD REGION AND SOLD 105 ACRES OF INDUSTRIAL LAND. THE TEAM ANNOUNCED SEVERAL PROJECT WINS, RESULTING IN 382 NEW JOBS, $38.4M IN NEW PAYROLL AND $208M IN NEW CAPITAL INVESTMENT.Expenses $332,526 · revenue $94,082
- 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.Expenses $332,526 · revenue $94,082
- BUSINESS DEVELOPMENT INITIATIVES - IN 2024, 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.Expenses $285,023 · revenue $80,641
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 43-1309497
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,264,246
- Income (IRS master file)
- $962,431
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $962,431 | $1,008,369 | $1,264,246 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $926,145 | $1,040,934 | $1,308,821 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $937,090 | $893,663 | $2,547,401 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-1309497).
Questions about SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION
- What is the EIN of SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION is 43-1309497.
- Is SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Brad Erwin.
- Who are the officers and directors of SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does SPRINGFIELD BUSINESS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $962,431, expenses of $1,008,369 and total assets of $1,264,246 at year end.
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