Tampa Bay Wave Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Tampa, FL
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 27-4779851
Organization Overview
Tampa Bay Wave Inc is located in Tampa, FL. The organization was established in 2012. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tampa Bay Wave Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Wave Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tampa Bay Wave Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE OPPORTUNITY & PROSPERTY IN TAMPA BAY BY HELPING ENTREPRENEURS BUILD, LAUNCH, AND GROW BREAKOUT TECH COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
90-DAY ACCELERATOR - THE 90-DAY ACCELERATOR PROGRAMS PROVIDE A DEDICATED EXECUTIVE COACH, STRUCTURED PROGRAMMING, INTENSIVE MENTOR FROM INDUSTRY EXPERTS, STRATEGIC INTRODUCTIONS AND PREPARATION FOR INVESTOR MEETINGS WHICH ULTIMATELY CULMINATE IN A DEMO DAY.
CORE MEMBERSHIP PROGRAM - CORE SUPPORTS BOTH ALUMNI OF THE 90-DAY ACCELERATOR PROGRAMS PLUS OTHER STARTUPS WHO VALUE AFFILIATION WITH THE ORGANIZATION AND ARE DEDICATED TO SCALING AND ACHIEVING HIGH GROWTH. CORE MEMBERSHIP ALLOWS STARTUPS TO JOIN A COMMUNITY OF PEER ENTREPRENUERS AND HAVE YEAR-ROUND ACCESS TO MENTORSHIP, NETWORKING, AND OTHER CURATED PERKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Goldberg Vice President | OfficerTrustee | 1 | $0 |
Madeline Dent Secretary | OfficerTrustee | 1 | $0 |
Catherine Wilhelm Treasurer | OfficerTrustee | 1 | $0 |
Lauren Weiner Director | Trustee | 1 | $0 |
Andrew Smith Director | Trustee | 1 | $0 |
David Eason Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trinet Group Inc Employee Leasing/health Insurance | 12/30/23 | $911,883 |
Richard Munassi Consulting | 12/30/23 | $182,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,063,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $825,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,889,659 |
| Total Program Service Revenue | $25,964 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,902,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $296,423 |
| Compensation of current officers, directors, key employees. | $56,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,837 |
| Pension plan accruals and contributions | $24,756 |
| Other employee benefits | $46,920 |
| Payroll taxes | $63,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389,556 |
| Advertising and promotion | $108,984 |
| Office expenses | $36,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,677 |
| Travel | $89,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,858 |
| Insurance | $9,055 |
| All other expenses | $0 |
| Total functional expenses | $2,078,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $360,786 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,183 |
| Net Land, buildings, and equipment | $8,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $987,268 |
| Total assets | $1,899,329 |
| Accounts payable and accrued expenses | $68,127 |
| Grants payable | $0 |
| Deferred revenue | $190,843 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $946,903 |
| Total liabilities | $1,355,873 |
| Net assets without donor restrictions | $15,956 |
| Net assets with donor restrictions | $527,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,899,329 |