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Springfield's Best INC

IRS exemption revoked

Springfield, MOUnknown exempt organization EIN 43-1686324Revenue $353K in FY2019Latest return filed Jan 8, 2021

On file with the IRSspringfieldbest.comSpringfield, MO

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The organizations primary purpose is to encourage commerce with locally owned businesses and to encourage community involvement

$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2019
latest Form 990
Concern: the latest return is for FY2019, 7 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$49K
×29 of total assets
Concern: liabilities are 2900% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$353K
Spent
$347K
To programs
0%
Net assets
−$47K

From the FY2019 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
Theresa Gilmore
Executive Di
$72,116Pt VII · Sec A
$0Pt VII · Sec A
Gerry Lee
Past Preside
$0Pt VII · Sec A
James Lea
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Stacey Clem
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Marty Roach
Director
$0Pt VII · Sec A
See Springfield's Best INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes local businesses and community involvement to boost commerce.

Questions for Springfield's Best INC

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1 program · in their own filed words · FY2019
01

The organization served around 75 locally owned businesses with a fourm for networking and community involvement.

Pt IX · col B

By the numbers

The FY2019 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$353K
Ln 12
Gifts and grantsLn 1h$353K
Money outPt IX
$347K
Ln 25
Owns and owesPt X
−$47K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$2K
LiabilitiesLn 26$49K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$197
Other assetsLn 15$100
Total assetsLn 16$2K
LiabilitiesLn 26$49K
Net assetsLn 32−$47K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$5K$1K
Land, buildings, equipmentLn 10c$284$197
Total assetsLn 16$11K$2K
LiabilitiesLn 26$64K$49K
Net assetsLn 32−$53K−$47K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$72K
Other salaries and wagesLn 7$30K
Other employee benefitsLn 9$8K
Payroll taxesLn 10$8K
Accounting feesLn 11c$9K
Advertising and promotionLn 12$132K
Office expensesLn 13$12K
OccupancyLn 16$11K
Depreciation, depletion and amortizationLn 22$87
InsuranceLn 23$20K
Other expenses (24a–d)Ln 24$44K
All other expensesLn 24e$233
Total functional expensesLn 25$347K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2019 Latest ViewingFiled with the IRS Jan 8, 2021 $353K$347K$6K−$47K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2019 990 (6 parts)
Part I · Summary $352,904 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $320,528$352,904
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $320,528$352,904
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,759$118,464
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $239,315$228,824
I-18 Total expensesPrior year $348,074$347,288
I-19 Revenue less expensesPrior year −$27,546$5,616
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $352,904 across 3 lines filed
VIII-1b Membership dues$352,904
VIII-1h Total contributions, gifts and grants$352,904
VIII-12 Total revenue$352,904
Part IX · Statement of functional expenses $347,288 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$72,116
IX-7 Other salaries and wages$30,213
IX-9 Other employee benefits$8,246
IX-10 Payroll taxes$7,889
IX-11c Accounting fees$9,362
IX-12 Advertising and promotion$131,560
IX-13 Office expenses$12,400
IX-16 Occupancy$11,208
IX-22 Depreciation, depletion and amortization$87
IX-23 Insurance$20,108
IX-24 Other expenses (24a–d)$43,866
IX-24e All other expenses$233
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$347,288
Part X · Balance sheet $1,725 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,901$1,428
X-10c Land, buildings and equipment, netStart of year $284$197
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $11,306$1,725
X-17 Accounts payable and accrued expensesStart of year $19,063$16,349
X-19 Deferred revenueStart of year $44,935$28,232
X-25 Other liabilities$4,220
X-26 Total liabilitiesStart of year $63,998$48,801
X-27 Net assets without donor restrictionsStart of year −$52,692−$47,076
X-32 Total net assets or fund balancesStart of year −$52,692−$47,076
X-33 Total liabilities and net assetsStart of year $11,306$1,725
Part XI · Reconciliation of net assets −$47,076 net assets at year end
XI-1 Total revenue$352,904
XI-2 Total expenses$347,288
XI-3 Revenue less expenses$5,616
XI-4 Net assets at start of year−$52,692
XI-10 Net assets at end of year−$47,076

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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