Springfield Business Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 431309497 ✦ Springfield, MO ✦ Designated as a 501(c)(3)

Overview

What is Springfield Business Development Corporation?

The Springfield Business Development Corporation is a nonprofit organization situated in Springfield, Missouri. Its primary focus is to drive economic growth within the region by managing business investment opportunities and attracting new industries. In 2022, the corporation successfully managed several such projects, resulting in 10 competitive opportunities. Their efforts led to the announcement of two project wins, bringing in $13 million in new payroll and $43 million in new capital investment. The organization aims to provide a continuous revenue source for its economic development program, while supporting local businesses and industries, thereby contributing to the region's overall economic prosperity.


Official website here: www.springfieldregion.com

Is Springfield Business Development Corporation legitimate?

Springfield Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springfield Business Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.springfieldregion.com

What is the mission statement of Springfield Business Development Corporation?

The Springfield Business Development Corporation's mission is centered around providing a continuous revenue source for the chamber's economic development program. It actively supports local businesses and industries, striving to attract new ones to the region. The corporation's primary objective is to foster economic growth by managing various development projects and investment opportunities. In 2022, they successfully managed several competitive projects, resulting in significant new payroll and capital investment. These activities contribute to the corporation's role in boosting the regional economy.


Official website here: www.springfieldregion.com

Who is the CEO of Springfield Business Development Corporation?

Gary Schafer is the Board President of Springfield Business Development Corporation.


Official website here: www.springfieldregion.com

What is the revenue of Springfield Business Development Corporation?

Springfield Business Development Corporation's revenue in 2022 was $937,090.


Official website here: www.springfieldregion.com

Who are the executives of Springfield Business Development Corporation and what are their salaries?

Here are 18 key members and their salaries:

    Matt Morrow (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $259,714
  • Other: $57,891

    • Jason Gage (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Hammitt (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Dixon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Erwin (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Stange (Board Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Angle (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Atkisson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Gibson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Schafer (Board President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jena Holtberg-Benge (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Wilkinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Oke-Thomas (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Logan Aguirre (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Quint (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trevor Crist (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.springfieldregion.com

    Where can I find the form 990 for Springfield Business Development Corporation?

    The Springfield Business Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.springfieldregion.com

    Learn more at the official website: www.springfieldregion.com

    Mission Statement of Springfield Business Development Corporation

    The Springfield Business Development Corporation, in essence, is committed to ensuring a sustained income stream for its economic development program. Its primary objective is to assist local businesses and industries, as well as to attract new ventures to the region. By tackling economic development projects, the corporation played a significant role in managing numerous business investment opportunities and leads in 2022, culminating in ten competitive projects. The team successfully hosted five site visits within the Springfield region and announced the victories of two projects, which resulted in the creation of $13 million in new payroll and $43 million in new capital investment.

    Impact

    This information is meant to be a general summary of Springfield Business Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Springfield Business Development Corporation's impact is evident in its successful management of economic development projects. In 2022, their economic development team facilitated numerous new business investment opportunities, resulting in 10 competitive projects. Additionally, they hosted five project-specific site visits in the Springfield region and secured two project wins. These efforts led to the creation of $13 million in new payroll and $43 million in new capital investment, contributing significantly to the economic growth of the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,721
  • Program Service Revenue: $336,744
  • Gross Receipts: $937,090

    • Assets and Liabilities:
  • Total Assets: $2,547,401
  • Total Liabilities: $1,877,258
  • Net Assets: $670,143
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ECONOMIC DEVELOPMENT MANAGEMENT CONTRACT

    Revenue

    $165,000

    ANNUAL MEETING

    Revenue

    $38,965

    INVESTOR EVENTS OUTLOOK SERIES

    Revenue

    $82,600

    REGIONAL PARTNERS SERVICES

    Revenue

    $30,000

    INDUSTRY OUTREACH CONTRACT

    Revenue

    $10,550

    Organization Details

    Founding Year

    1983

    Principal Officer

    Gary Schafer

    Main Address

    PO BOX 1687, SPRINGFIELD, MO, 658011687

    NTEE Category

    Code: S30 - Community improvement

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