Joplin Area Chamber Of Commerce Foundation
- Assets
- $5.4m
- Revenue
- $671.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Joplin, MO
- Founding
- 01/1992
- Data as of
- 03/2022
- EIN
- 43-1569729
Organization Overview
Joplin Area Chamber Of Commerce Foundation is located in Joplin, MO. The organization was established in 1992. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joplin Area Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Joplin Area Chamber Of Commerce Foundation generated $671.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.2m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED TO FURTHER CHARITABLE, SCIENTIFIC,LITERACY, CIVIC, ATHLETIC, PATRIOTIC, CULTURAL, SOCIAL AND EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND LEADERSHIP PROGRAMS LEADERSHIP JOPLIN IS A PROGRAM DEVELOPED BY THE FOUNDATION AND SPONSORED BY COMMUNITY BUSINESSES TO IDENTIFY, CULTIVATE AND MOTIVATE FUTURE COMMUNITY LEADERS. THE PROGRAM PROVIDES A FOUNDATION FOR PARTICIPANTS TO EXPAND THEIR CURRENT LEADERSHIP ROLES IN THE COMMUNITY.
JOSEPH NEWMAN INNOVATION CENTER (NIC) ORIGINALLY THIS PROGRAM WAS DESIGNED AS A SMALL BUSINESS INCUBATION OPERATION WITH BUILDING SPACE RENTED TO TENANTS BY THE SQUARE FOOT. TODAY, THE PROGRAM HAS EVOLVED TO A BUNDLE OF SERVICES AND AMENITIES TO PROVIDE AN INDIVIDUAL OR START-UP BUSINESS THE OPPORTUNITY TO DEVELOP, COLLABORATE, AND GROW IN AN ENVIRONMENT TO LEARN, INSPIRE, AND PROSPER.
ADVANCED TRAINING AND TECHNOLOGY CENTER (ATTC) THIS PROGRAM IS A JOINT PROJECT OF THE FOUNDATION,AND CROWDER COLLEGE IN NEOSHO, MISSOURI. THE RENOVATED WAREHOUSE BUILDING PROVIDES EQUIPMENT USED TO TRAIN A WORKFORCE IN ADVANCED WELDING, ADVANCED MANUFACTURING, AND INFORMATION TECHNOLOGY. TO COMPLEMENT THE SMALL BUSINESS INCUBATION OPERATION IN THE NIC, THE ATTC PROVIDES OFFICE SPACE AND OUTREACH TO BUSINESSES CURRENTLY IN STARTUP MODE, WITH THE GOAL OF CREATING JOBS.
ONE JOPLIN FUND AND OTHER CHAMBER PROGRAMS ONE JOPLIN FUND IS A STAND-ALONE ENTITY WITH THE MISSOURI SECRETARY OF STATE, BUT THE FOUNDATION IS THE FISCAL SPONSOR AND REPORTS ALL OF THE FINANCIAL INFORMATION. ONE JOPLIN FACILITATES COLLABORATION AND COMMUNICATION AMONG AREA ORGANIZATIONS TO IDENTIFY AND MEET COMMUNITY NEEDS IN POVERTY, HUMAN SERVICES, HEALTH, AND LITERACY. THE CHAMBER FACILITATES MANY OTHER PROGRAMS FOR THE BENEFIT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Sprenkle Secretary | Officer | $0 | |
Todd Chenault Treasurer | Officer | $0 | |
Betsy Kissel Chairman | Officer | $0 | |
Melodee Colbert-Kean Director | Trustee | $0 | |
Dean Van Galen Director | Trustee | $0 | |
Chad Greer Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,068 |
| Total Program Service Revenue | $435,916 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,650 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,363 |
| Advertising and promotion | $25,664 |
| Office expenses | $1,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,867 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $443,032 |
| Insurance | $42,725 |
| All other expenses | $68,192 |
| Total functional expenses | $1,198,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,115 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,310 |
| Net Land, buildings, and equipment | $5,232,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,561 |
| Total assets | $5,403,542 |
| Accounts payable and accrued expenses | $17,852 |
| Grants payable | $0 |
| Deferred revenue | $4,628 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,568 |
| Total liabilities | $52,048 |
| Net assets without donor restrictions | $5,307,053 |
| Net assets with donor restrictions | $44,441 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,403,542 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Joplin Area Chamber Of Commerce Foundation has recieved totaling $392,660.
| Awarding Organization | Amount |
|---|---|
Freeman Health System Joplin, MO PURPOSE: SUPPORT | $225,000 |
Missouri Corporation For Science And Technology Jefferson City, MO PURPOSE: MTC GRANTED FUNDING TO EXPAND ENTREPRENEURIAL CAPACITY IN JOPLIN, MO | $111,500 |
Missouri Corporation For Science And Technology Jefferson City, MO PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN JOPLIN, MO | $56,160 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee State Collaborative On Reforming Education Nashville, TN | $23,375,202 | $18,088,323 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
Wichita State University Union Corporation Wichita, KS | $66,256,585 | $7,746,191 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Jobs For Americas Graduates - Kansas Inc Topeka, KS | $3,944,623 | $6,226,988 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |
Memorial Union Corporation Of The Emporia State University Emporia, KS | $3,333,170 | $2,619,358 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Associated Colleges Of The Midwest Inc Chicago, IL | $16,036,268 | $3,292,701 |
The Link And Option Center Inc South Holland, IL | $1,337,650 | $2,298,023 |
Community Education Network Chicago, IL | $522,689 | $2,420,250 |