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Nonprofiteer
← MISSOURI CHAMBER FOUNDATION

Form 990 for tax year 2024

Filed by MISSOURI CHAMBER FOUNDATION.

Totals

Total revenue
$3,579,339
Total expenses
$3,669,885
Contributions and grants received
$3,443,226
Grants paid
$210,750
Program service revenue
$174,907
Investment income
$23,362
Other revenue
-$62,156
Total assets, end of year
$2,594,998
Total liabilities, end of year
$964,234
Net assets or fund balances, end of year
$1,630,764
Program services expenses (Part IX)
$3,515,065
Management and general expenses
$45,372
Fundraising expenses
$109,448
Program service expenses (Part III)
$3,515,065

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,177,123

  • 1f · All other contributions, gifts and grants

    $1,266,103

  • 2a · Program service revenue: SEMINARS

    total $90,649 · related or exempt $90,649

  • 2b · Program service revenue: LEADERSHIP MISSOURI

    total $84,258 · related or exempt $84,258

  • 3 · Investment income

    total $23,362 · excluded $23,362

  • 6a · Gross rents

    real property $231,736

  • 6b · Less rental expenses

    real property $293,892

  • 6c · Rental income or loss

    real property -$62,156

  • 6d · Net rental income or loss

    total -$62,156 · excluded -$62,156

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $210,750 · program services $210,750

  • 11a · Fees: management

    total $914,901 · program services $802,619 · management and general $2,834 · fundraising $109,448

  • 11b · Fees: legal

    total $4,183 · program services $4,183

  • 11c · Fees: accounting

    total $7,300 · program services $7,116 · management and general $184

  • 11g · Fees: other

    total $605,079 · program services $605,079

  • 12 · Advertising and promotion

    total $11,047 · program services $11,047

  • 13 · Office expenses

    total $3,502 · program services $3,502

  • 16 · Occupancy

    total $18,626 · management and general $18,626

  • 17 · Travel

    total $201,790 · program services $201,790

  • 22 · Depreciation, depletion and amortization

    total $18,318 · management and general $18,318

  • 23 · Insurance

    total $3,157 · program services $1,933 · management and general $1,224

  • 24a · Other expenses: PAYMENTS TO VENDORS

    total $1,603,150 · program services $1,603,150

  • 24b · Other expenses: GRANT WRITING

    total $36,934 · program services $36,934

  • 24c · Other expenses: SUPPLIES

    total $16,240 · program services $15,608 · management and general $632

  • 24d · Other expenses: TELEPHONE

    total $6,107 · program services $5,758 · management and general $349

  • 24e · All other expenses

    total $8,801 · program services $5,596 · management and general $3,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $488,495 · end of year $781,797

  • 2 · Savings and temporary cash investments

    beginning of year $265,398 · end of year $17,215

  • 4 · Accounts receivable

    beginning of year $406,723 · end of year $818,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,821 · end of year $29,009

  • 10a · Land, buildings and equipment: cost or other basis

    $4,500,339

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,551,922

  • 10c · Land, buildings and equipment, net

    beginning of year $1,044,065 · end of year $948,417

  • 11 · Investments: publicly traded securities

    beginning of year $250,454

  • 17 · Accounts payable and accrued expenses

    beginning of year $578,181 · end of year $723,392

  • 19 · Deferred revenue

    beginning of year $169,465 · end of year $240,842

  • 27 · Net assets without donor restrictions

    beginning of year $1,721,310 · end of year $1,630,764

Mission and programs · 2024

Mission

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, AND A HEALTHCARE APPRENTICESHIP GRANT THAT PROVIDES SUPPORT TO INFORMATION TECHNOLOGY COMPANIES, AND HEALTH CARE FACILITIES THAT ARE CREATING OR EXPANDING REGISTERED APPRENTICESHIP PROGRAMS.

  • 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 APPRENTICES. HEALTHCARE 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 HEALTHCARE WORKFORCE TRAINING. DOL HEALTHCARE 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 HEALTHCARE WORKFORCE TRAINING.

    Expenses $2,134,541

  • THE MISSOURI CHAMBER FOUNDATION RESEARCH CENTER WILL PROVIDE TRUSTED, NON- PARTISAN ECONOMIC DATA AND RESOURCES TO POLICY MAKERS AND THE PUBLIC TO ENSURE THAT MISSOURI IS A STATE WHERE BUSINESSES THRIVE, COMMUNITIES ARE STRONG AND SAFE, AND PUBLIC POLICY SUPPORTS ECONOMIC FREEDOM.

    Expenses $502,494

  • THE MISSOURI CHAMBER FOUNDATION FOSTERS COLLABORATION THROUGH CUTTING EDGE TRAINING, EVENTS AND WORKFORCE DEVELOPMENT PROGRAMS THAT ADVANCE MISSOURI EMPLOYERS, EMPLOYEES, AND COMMUNITIES.

    Expenses $620,950 · Grants $210,750

  • SEMINARS-TRAINING SEMINARS TO DEVELOP BUSINESS IN ALL ASPECTS OF TOPICS. THESE TOPICS RANGE FROM WORKFORCE, UNEMPLOYMENT COMPENSATION, HEALTH CARE, TAX, ENERGY, AND MORE.

    Expenses $257,080

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kara Corches

    SECRETARY

    Total calculated
    $324,556
    From this org
    $0
    From related orgs
    $299,834
    Other
    $24,722
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $221,739 related
    Bonus
    not reported + $63,000 related
    Other
    not reported + $15,095 related
    Deferred
    not reported + $19,128 related
    Nontaxable benefits
    not reported + $5,594 related
    Filer's total
    not reported + $324,556 related
  • Becky Wekenborg

    CFO

    Total calculated
    $254,327
    From this org
    $0
    From related orgs
    $204,507
    Other
    $49,820
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    not reported + $167,642 related
    Bonus
    not reported + $35,281 related
    Other
    not reported + $1,584 related
    Deferred
    not reported + $16,370 related
    Nontaxable benefits
    not reported + $33,450 related
    Filer's total
    not reported + $254,327 related
  • Karen Buschmann

    EXEC. DIR. &

    Total calculated
    $210,083
    From this org
    $0
    From related orgs
    $182,657
    Other
    $27,426
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported + $153,323 related
    Bonus
    not reported + $28,560 related
    Other
    not reported + $774 related
    Deferred
    not reported + $14,127 related
    Nontaxable benefits
    not reported + $13,299 related
    Filer's total
    not reported + $210,083 related
  • Roger Archibald

    CO-VICE-CHAI

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Don Chenevert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Teresa Coyan

    CO-VICE-CHAI

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tim Drury

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Al Koller III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sterett Schanze

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Richard Svindland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brad Thomas

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
MISSOURI CHAMBER OF COMMERCE & INDUSTRY UTILIZES A COMPENSATION COMMITTEE, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE IN ESTABLISHING THE PRESIDENT & CEO'S COMPENSATION.
SCHEDULE J, PART III
COMPENSATION FROM RELATED ORGANIZATIONS THE PRESIDENT AND CEO OF THE MISSOURI CHAMBER OF COMMERCE & INDUSTRY (MCCI) SERVES AS THE SECRETARY OF THE FOUNDATION. THE FOUNDATION IS A SUPPORTING ORGANIZATION OF MCCI. THE FOUNDATION REIMBURSES MCCI FOR MCCI STAFF TIME SPENT ON FOUNDATION ACTIVITIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MO CHAMBER OF COMMERCE AND INDUSTRY

    501C6 · BUSINESS L · MO

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MO CHAMBER ADVANTAGE

    C CORP · BUSINESS S · MO

    Directly controlled by MO CHAMBER

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.0
Source object
202620619349301012

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