Springfield Business Journal_2021-01-18

City Council is set to vote Jan. 25 on the organization’s rezoning request See COUNCIL on page 20 $2.00 · SBJ.NET JAN. 18-24, 2021 · VOL. 41, NO. 26 SOURCE: COMMUNITY FOUNDATION OF THE OZARKS Assets: $6.93M Grants Distributed: $3.9M Assets: $4.73M Grants Distributed: $7.3M Assets: $4.42M Grants Distributed: $2.5M Assets: $4.12M Grants Distributed: $1.4M Assets: $3.22M Grants Distributed: $2.5M Assets: $2.55M Grants Distributed: $2.8M Assets: $2.43M Grants Distributed: $3.63M Assets: $2.23M Grants Distributed: $1.6M Assets: $2.03M Grants Distributed: $1.8M Assets: $1.62M Grants Distributed: $946,000 1 2 3 4 5 6 7 8 9 10 Community Foundation of Taney County Founded 2002 Table Rock Lake Community Foundation Founded 2004 Monett Area Community Foundation Founded 1998 Aurora Area Community Foundation Founded 2006 Bolivar Area Community Foundation Founded 2003 Nixa Community Foundation Founded 1993 Finley River Community Foundation Founded 2001 Mount Vernon Area Community Foundation Founded 2005 Marshfield Area Community Foundation Founded 2005 Greater Seymour Area Foundation Founded 1998 TOP 10 5 0 - m i l e r a d i u s SOURCE: COMMUNITY FOUNDATION OF THE OZARKS MCKENZIE ROBINSON Victory Mission and Executive Director Jason Hynson are requesting a rezoning to rebuild Victory Square on property at 1610 N. Broadway Ave. by Mike Cullinan · mcullinan@sbj.net A trio of towns, including nearby Ash Grove, were added in recent months to the growing affiliate network of Community Foundation of the Ozarks Inc. The Springfield-based nonprofit’s affiliate foundation program, which surpassed 50 par- ticipants last year, is almost 30 years old, ac- cruing nearly $115 million in assets as of this month, officials say. According to CFO data, over 15 of the affiliates are within a 50-mile radius of Springfield and have distributed grants in local communities in excess of $26 million since 1993 and hold more than $39 million in assets. “They are an important part of CFO’s mis- sion and also our portfolio,” said Alice Wingo, CFO’s vice president of affiliates, noting the nonprofit’s assets were at $310 million at the end of fiscal 2020 in June. The affiliates function as mini-CFOs, with independent boards and governance, set up across southern and cen- tral Missouri. Cabool is the most recent to join, forming its community foundation last month, and it was preceded by the Ash Grove Area Community Foundation and the Nevada/Vernon County Community Foundation in 2020. Wingo said assets for affiliates range from roughly $200,000 up to over $13 million. Jo- plin, which is the largest in population of the 52 regional affiliates, also has the largest asset total of $13.3 million, she said. “With our 52 affiliates, our board members are the face of their community. They’re the ones who know the needs in their community,” Wingo said of the all-volunteer boards of direc- tors that oversee assets and grant distribution. “Although there are a lot of similarities from community to community, each hometown looks different. “At CFO, we provide technical assistance, training, back by Mike Cullinan · mcullinan@sbj.net Springfield Victory Mission Inc. plans to rebuild its men’s shelter near Commercial Street but needs city ap- proval of a rezoning request to start the project. City Council is considering the nonprofit’s request to rezone nearly 2 acres at 1610 N. Broadway Ave. and 1701 N. Irving Ave. from highway commercial to a planned development. Victory Mission intends to redevelop its shelter, dubbed Victory Square, into a new two-story, 35,000-square-foot building north of its existing one, as well as add three duplex apartments on the southern half of the property. Plans were presented at council’s meeting Jan. 11. Executive Director Jason Hynson said after the meeting the first-phase shelter project is expected to cost around $6.5 million. The duplexes would come in a second phase, Alice Wingo : Affiliates make up nearly one-third of CFO’s asset total. Initiative pumps millions back into area communities CFO grows affiliate foundation program Victory Mission proposes $7M shelter rebuild See CFO on page 19 40 YEARS • YOUR BUSINESS AUTHORITY AFFILIATES IN ACTION Since starting in 1993, the affiliate foundation program for Community Foundation of the Ozarks has expanded to 52 participants. Combined assets among them are nearly $115 million as of early 2021, according to CFO officials. The top 10 affiliates within a 50-mile radius of Springfield account for over $34 million in assets. Total Assets: $34.28M S p r i n g f i e l d