Missouri Chamber Foundation
- Assets
- $2.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- 08/1964
- Data as of
- 09/2023
- EIN
- 43-6051487
Organization Overview
Missouri Chamber Foundation is located in Jefferson City, MO. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Chamber 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 09/2023, Missouri Chamber Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.9m during the year ending 09/2023. While expenses have increased by 17.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES A LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PROVIDE MISSOURIANS THE INFORMATION, SKILLS, AND CONTACTS TO MAKE THEM MORE EFFECTIVE LEADERS IN THEIR BUSINESS AND COMMUNITY. THE FOUNDATION ALSO PROVIDES PROGRAMS DESIGNED TO PROVIDE STUDENTS ENTERING HIGH SCHOOL WITH LEADERSHIP SKILLS ALONG WITH AN UNDERSTANDING OF THE IMPORTANCE OF COMPLETING RIGOROUS, DEFINED COURSES OF STUDY. THE FOUNDATION ALSO FACILITATES A DOL GRANT THAT PROVIDES SUPPORT TO INFORMATION TECHNOLOGY COMPANIES THAT ARE CREATING OR EXPANDING REGISTERED APPRENTICESHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - DOL GRANT - THROUGH THE INDUSTRY-DRIVEN IT APPRENTICESHIP PROGRAM, THE MISSOURI CHAMBER FOUNDATION PROVIDES SUPPORT TO IT COMPANIES THAT ARE CREATING OR EXPANDING REGISTERED APPRENTICESHIP PROGRAMS. THE MISSOURI CHAMBER FOUNDATION PROVIDES AN $800-$1,200 REIMBURSEMENT PER APPRENTICE TRAINED BY PARTICIPATING COMPANIES, WHILE THE COMPANIES IN THE GRANT SERVE AS MENTORS TO EACH OTHER AND SHARE BEST PRACTICES TO IMPROVE THEIR TRAINING AND RECRUITING SYSTEMS. OVER THE FOUR YEARS OF THE GRANT, THE MISSOURI CHAMBER FOUNDATION WILL HELP TRAIN MORE THAN 5,300 IT APPRENTICES.ARPA GRANT - THROUGH THE INDUSTRY-DRIVEN HEALTH CARE APPRENTICESHIPS PROGRAM, THE MISSOURI CHAMBER FOUNDATION PROVIDES SUPPORT TO HEALTHCARE COMPANIES THAT ARE CREATING OR EXPANDING APPRENTICESHIP PROGRAMS RELATED TO WORKFORCE TRAINING.
STRATEGIC PLAN - THIS PROGRAM WAS PUT IN PLACE TO DEVELOP A STRATEGIC PLAN FOR THE FUTURE CALLED "VISION 2030". A CONSULTANT WAS HIRED TO ADMINISTER THE STRATEGIC PLANNING PROCESS AND GALLUP WAS HIRED TO PRODUCE DATA TO BE USED FOR THE STRATEGIC PLAN.
LEADERSHIP PROGRAMS THAT ARE DESIGNED TO PROVIDE MISSOURIANS WITH INFORMATION, SKILLS, AND CONTACTS TO MAKE THEM MORE EFFECTIVE LEADERS IN THEIR BUSINESS AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mehan Secretary | Officer | 8.4 | $0 |
Karen Buschmann VP Of Marketing And Communications | 32 | $0 | |
Becky Wekenborg CFO | Officer | 4 | $0 |
Roger Archibald Board Member | Trustee | 1 | $0 |
Tim Drury Board Member | Trustee | 1 | $0 |
Warren Erdman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,591,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,152,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,744,028 |
| Total Program Service Revenue | $212,844 |
| Investment income | $19,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$40,561 |
| 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 | $2,935,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $184,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $775,210 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,573 |
| Advertising and promotion | $9,657 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,934 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,916 |
| Insurance | $1,619 |
| All other expenses | $14,030 |
| Total functional expenses | $2,923,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,726 |
| Savings and temporary cash investments | $384,590 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,712 |
| 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 | $10,091 |
| Net Land, buildings, and equipment | $1,163,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,225,073 |
| Accounts payable and accrued expenses | $211,531 |
| Grants payable | $0 |
| Deferred revenue | $189,117 |
| 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 | $0 |
| Total liabilities | $400,648 |
| Net assets without donor restrictions | $1,824,425 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,225,073 |