Springfields Best Inc
- Assets
- $3.6k
- Revenue
- $148.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Springfield, MO
- Founding
- 05/1996
- Data as of
- 06/2020
- EIN
- 43-1686324
Organization Overview
Springfields Best Inc is located in Springfield, MO. The organization was established in 1996. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Springfields Best Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfields Best Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2020, Springfields Best Inc generated $148.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $167.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PRIMARY PURPOSE IS TO ENCOURAGE COMMERCE WITH LOCALLY OWNED BUSINESSES AND TO ENCOURAGE COMMUNITY INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVED AROUND 75 LOCALLY OWNED BUSINESSES WITH A FOURM FOR NETWORKING AND COMMUNITY INVOLVEMENT.
THE ORGANIZATIONS PRIMARY PURPOSE IS TO ENCOURAGE COMMERCE WITH LOCALLY OWNED BUSINESSES AND TO ENCOURAGE COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Gilmore Executive Di | Trustee | 40 | $72,116 |
W Bradley Risby President | Officer | 3 | $0 |
Michele Kauffman Secretary | Officer | 3 | $0 |
James Lea Treasurer | Officer | 3 | $0 |
Therease Hess-Carter Vice Preside | Officer | 3 | $0 |
Stacey Clem Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,345 |
| Investment income | $0 |
| 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 | $148,345 |
| Statement of Expenses | |
|---|---|
| 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. | $27,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,532 |
| Payroll taxes | $3,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87,315 |
| Office expenses | $3,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,802 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21 |
| Insurance | $7,934 |
| All other expenses | $16 |
| Total functional expenses | $167,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $3,645 |
| Accounts payable and accrued expenses | $26,307 |
| Grants payable | $0 |
| Deferred revenue | $40,280 |
| 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 | $3,288 |
| Total liabilities | $69,875 |
| Net assets without donor restrictions | -$66,230 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$66,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |