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Nonprofiteer
← MISSOURI CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by MISSOURI CHAMBER FOUNDATION.

Totals

Total revenue
$3,237,102
Total expenses
$3,340,954
Contributions and grants received
$3,069,006
Grants paid
$196,500
Program service revenue
$183,904
Investment income
$27,556
Other revenue
-$43,364
Total assets, end of year
$2,468,956
Total liabilities, end of year
$747,646
Net assets or fund balances, end of year
$1,721,310
Program services expenses (Part IX)
$3,184,926
Management and general expenses
$42,195
Fundraising expenses
$113,833
Program service expenses (Part III)
$3,184,926

Program services were 95.3% 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)

    $1,718,209

  • 1f · All other contributions, gifts and grants

    $1,350,797

  • 2a · Program service revenue: LEADERSHIP MISSOURI

    total $63,830 · related or exempt $63,830

  • 2b · Program service revenue: SEMINARS

    total $120,074 · related or exempt $120,074

  • 3 · Investment income

    total $27,556 · excluded $27,556

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $229,965

  • 6b · Less rental expenses

    real property $273,329

  • 6c · Rental income or loss

    real property -$43,364

  • 6d · Net rental income or loss

    total -$43,364 · excluded -$43,364

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $196,500 · program services $196,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $950,904 · program services $834,778 · management and general $2,293 · fundraising $113,833

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,931 · program services $5,794 · management and general $137

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $466,127 · program services $466,127

  • 12 · Advertising and promotion

    total $8,765 · program services $8,765

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $17,886 · management and general $17,886

  • 17 · Travel

    total $224,117 · program services $224,117

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $17,750 · management and general $17,750

  • 23 · Insurance

    total $2,899 · program services $1,696 · management and general $1,203

  • 24a · Other expenses: PAYMENTS TO VENDORS

    total $1,369,000 · program services $1,369,000

  • 24b · Other expenses: GRANT WRITING

    total $47,717 · program services $47,717

  • 24c · Other expenses: Office Supplies

    total $16,491 · program services $16,136 · management and general $355

  • 24d · Other expenses: TELEPHONE

    total $5,926 · program services $5,607 · management and general $319

  • 24e · All other expenses

    total $10,941 · program services $8,689 · management and general $2,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $457,726 · end of year $488,495

  • 2 · Savings and temporary cash investments

    beginning of year $384,590 · end of year $265,398

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $208,712 · end of year $406,723

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,091 · end of year $13,821

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

    $4,459,015

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

    $3,414,950

  • 10c · Land, buildings and equipment, net

    beginning of year $1,163,954 · end of year $1,044,065

  • 11 · Investments: publicly traded securities

    end of year $250,454

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $211,531 · end of year $578,181

  • 19 · Deferred revenue

    beginning of year $189,117 · end of year $169,465

  • 27 · Net assets without donor restrictions

    beginning of year $1,824,425 · end of year $1,721,310

Mission and programs · 2023

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 THAT PROVIDES SUPPORT TO INFORMATION TECHNOLOGY COMPANIES 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 IT 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 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 WORKFORCE TRAINING.

    Expenses $1,738,578

  • 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.

    Expenses $559,390

  • LEADERSHIP PROGRAMS THAT ARE DESIGNED TO PROVIDE MISSOURIANS WITH INFORMATION, SKILLS, AND CONTACTS TO MAKE THEM MORE EFFECTIVE LEADERS IN THEIR BUSINESS AND COMMUNITY.

    Expenses $532,930

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Mehan

    Secretary

    Total calculated
    $612,772
    From this org
    $0
    From related orgs
    $552,859
    Other
    $59,913
    Hours/week
    8.4 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $436,903 related
    Bonus
    not reported + $107,856 related
    Other
    not reported + $8,100 related
    Deferred
    not reported + $24,750 related
    Nontaxable benefits
    not reported + $35,163 related
    Filer's total
    not reported + $612,772 related
  • Becky Wekenborg

    CFO

    Total calculated
    $218,580
    From this org
    $0
    From related orgs
    $173,617
    Other
    $44,963
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $148,735 related
    Bonus
    not reported + $23,850 related
    Other
    not reported + $1,032 related
    Deferred
    not reported + $13,970 related
    Nontaxable benefits
    not reported + $30,993 related
    Filer's total
    not reported + $218,580 related
  • Karen Buschmann

    VP OF MARKETING AND COMMUNICATIONS

    Total calculated
    $192,750
    From this org
    $0
    From related orgs
    $167,406
    Other
    $25,344
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported + $145,146 related
    Bonus
    not reported + $21,486 related
    Other
    not reported + $774 related
    Deferred
    not reported + $12,949 related
    Nontaxable benefits
    not reported + $12,395 related
    Filer's total
    not reported + $192,750 related
  • Roger Archibald

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Warren Erdman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rudolph Farber

    VICE CHAIRMAN

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

    Past Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Lindsey

    BOARD MEMBER

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

    Chairman

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

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sterett Schanze

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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)

Part III, Additional Information
COMPENSATION FROM RELATED ORGANIZATIONSTHE 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

    501(C)(6) · BUSINESS LEAGUE · 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 · BUSINESS SERVICES · MO

    Directly controlled by MO CHAMBER OF COMM

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202540439349301454

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