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Nonprofiteer
← JOPLIN AREA CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by JOPLIN AREA CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$857,617
Total expenses
$1,322,709
Contributions and grants received
$203,262
Grants paid
$0
Program service revenue
$590,135
Investment income
$0
Other revenue
$64,220
Total assets, end of year
$4,558,064
Total liabilities, end of year
$154,109
Net assets or fund balances, end of year
$4,403,955
Program services expenses (Part IX)
$1,321,919
Management and general expenses
$540
Fundraising expenses
$250
Program service expenses (Part III)
$1,321,919

Program services were 99.9% 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)

    $54,332

  • 1f · All other contributions, gifts and grants

    $148,930

  • 2a · Program service revenue: ATTIC LEASE

    total $242,202 · related or exempt $242,202

  • 2b · Program service revenue: PROGRAM

    total $224,396 · related or exempt $224,396

  • 2c · Program service revenue: NIC LEASE

    total $82,437 · related or exempt $82,437

  • 2d · Program service revenue: LEADERSHIP

    total $41,100 · related or exempt $41,100

  • 11a · Other revenue: OTHER INCOME

    total $64,220 · related or exempt $64,220

  • 11e · Other revenue, total

    $64,220

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $52,868 · program services $52,868

  • 11a · Fees: management

    total $7,950 · program services $7,950

  • 11b · Fees: legal

    total $5,054 · program services $5,054

  • 11c · Fees: accounting

    total $5,530 · program services $5,530

  • 12 · Advertising and promotion

    total $8,281 · program services $8,281

  • 13 · Office expenses

    total $2,003 · program services $2,003

  • 16 · Occupancy

    total $237,916 · program services $237,916

  • 19 · Conferences, conventions and meetings

    total $677 · program services $677

  • 22 · Depreciation, depletion and amortization

    total $443,158 · program services $443,158

  • 23 · Insurance

    total $79,368 · program services $79,368

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $172,059 · program services $172,059

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $129,000 · program services $128,210 · management and general $540 · fundraising $250

  • 24c · Other expenses: ADMINISTRATIVE EXPENSE

    total $75,000 · program services $75,000

  • 24d · Other expenses: OTHER OPERATING EXPENSES

    total $41,040 · program services $41,040

  • 24e · All other expenses

    total $62,805 · program services $62,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,330 · end of year $22,503

  • 4 · Accounts receivable

    beginning of year $56,760 · end of year $77,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,964 · end of year $7,381

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

    $8,139,239

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

    $3,777,041

  • 10c · Land, buildings and equipment, net

    beginning of year $4,797,358 · end of year $4,362,198

  • 15 · Other assets

    beginning of year $37,635 · end of year $88,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,219 · end of year $125,837

  • 19 · Deferred revenue

    beginning of year $51,181 · end of year $19,351

  • 25 · Other liabilities

    beginning of year $7,600 · end of year $8,921

  • 27 · Net assets without donor restrictions

    beginning of year $4,792,023 · end of year $4,340,440

  • 28 · Net assets with donor restrictions

    beginning of year $77,024 · end of year $63,515

Mission and programs · 2023

Mission

FOUNDED TO FURTHER CHARITABLE, SCIENTIFIC,LITERACY, CIVIC, ATHLETIC, PATRIOTIC, CULTURAL, SOCIAL AND EDUCATIONAL PURPOSES.

  • 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.

    Expenses $35,613

  • 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.

    Expenses $225,709

  • 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.

    Expenses $734,067

  • 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.

    Expenses $326,530

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

Listed in Part VII

  • Melodee Colbert-Kean

    DIRECTOR

    Total calculated
    $0
  • Dean Van Galen

    DIRECTOR

    Total calculated
    $0
  • Dustin Storm

    DIRECTOR

    Total calculated
    $0
  • Christina Williams

    DIRECTOR

    Total calculated
    $0
  • Steve Graddy

    TREASURER

    Total calculated
    $0
  • Travis Stephens

    CHAMBER PRES

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202540489349301269

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