Community Foundation Of Tampa Bay Inc

Organization Overview

Community Foundation Of Tampa Bay Inc is located in Tampa, FL. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Community Foundation Of Tampa Bay Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Tampa Bay 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 06/2020, Community Foundation Of Tampa Bay Inc generated $39.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $24.1m during the year ending 06/2020. While expenses have increased by 7.5% per year over the past 6 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.

Since 2015, Community Foundation Of Tampa Bay Inc has awarded 2,953 individual grants totaling $130,845,339. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO BE THE CONNECTING RESOURCE FOR CHARITABLE GIVING FOR BOTH DONORS AND NONPROFIT ORGANIZATIONS IN THE TAMPA BAY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO ORGANIZATIONSTHE FOUNDATION'S PRIMARY PROGRAM IS TO ADMINISTER ENDOWMENTS AND DONOR ADVISED FUNDS. TO ACCOMPLISH THIS, THE FOUNDATION RECEIVES CONTRIBUTIONS TO BE USED EXCLUSIVELY FOR GRANTS FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN, AND FOR THE BENEFIT OF, THE COMMUNITY OF TAMPA BAY.


HILLSBOROUGH SAFETY NET PROGRAMTO ENSURE QUALIFIED NONPROFITS IMPACTED BY THE COVID-19 PANDEMIC RECEIVE THE SUPPORT NEEDED HILLSBOROUGH COUNTY PARTNERED WITH THE FOUNDATION TO LAUNCH AND ADMINSTER AN AMERICAN RESCUE PLAN-FUNDED NONPROFIT SAFETY NET PROGRAM. THE PURPOSE OF THE NONPROFIT SAFETY NET PROGRAM IS TO PROVIDE FINANCIAL SUPPORT TO ELIGIBLE NONPROFIT AGENCIES LOCATED IN HILLSBOROUGH COUNTY THAT ARE PROVIDING CRITICAL SERVICES TO CITIZENS IMPACTED BY COVID-19. THE PROGRAM PROVIDES SUPPORT TO NONPROFITS PROVIDING SERVICES INCLUDING MEDICAL, HOUSING, FOOD, EDUCATION, CHILD CARE, ELDER CARE, AND MENTAL HEALTH.


NONPROFIT NEEDS LISTTO ADDRESS THE IMMEDIATE COVID-19 RELATED NEEDS IN OUR LOCAL COMMUNITY, THE COMMUNITY FOUNDATION OF TAMPA BAY DEVELOPED THE NONPROFIT NEEDS LIST. THE LIST CONSISTS OF RESPONSES FROM A SHORT, SEVEN-ITEM NONPROFIT NEEDS REQUEST FORM THAT WAS CREATED TO SYSTEMATICALLY CATALOG NEEDS RELATED TO THE COMMUNITY FOUNDATION BY NONPROFITS LOCATED IN OUR LOCAL FIVE COUNTY COMMUNITY. THIS WAS DESIGNED AS AN INNOVATIVE WAY TO SHARE SPECIFIC NEEDS WITH OUR FUNDHOLDERS AS WELL AS OTHER PHILANTHROPISTS IN THE TAMPA BAY COMMUNITY IN A VERY TRANSPARENT WAY. THE LIST IS POSTED ON THE COMMUNITY FOUNDATION'S WEBSITE.


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Board, Officers & Key Employees

Name (title)Compensation
Marlene M Spalten
President/ceo
$311,497
Sheila Kinman
Sr. Vice President
$197,386
Kory Burkley
CFO
$143,382
Jesse Coraggio
VP - Community Impact
$120,704
Berkely Spain
Controller
$103,081
Robert H Mohr
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Boyd Construction Company
Construction
$250,022
Agw Capital Advisors
Investment Management
$243,770
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$29,500,694
Investment income $4,104,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,000
Net Gain/Loss on Asset Sales $4,966,454
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,276,460

Grants Awarded

Over the last fiscal year, Community Foundation Of Tampa Bay Inc has awarded $30,554,142 in support to 566 organizations.

Grant RecipientAmount

Irving, TX

PURPOSE: SUPPORT OF MISSION

$1,908,623

TRINITY COLLEGE OF FLORIDA

Org PageRecipient Profile

Trinity, FL

PURPOSE: SUPPORT OF MISSION

$615,917

PRAGER UNIVERSITY FOUNDATION

Org PageRecipient Profile

Sherman Oaks, CA

PURPOSE: SUPPORT OF MISSION

$557,556

HILLSDALE COLLEGE

Org PageRecipient Profile

Hillsdale, MI

PURPOSE: SUPPORT OF MISSION

$557,556

HEARTLAND INSTITUTE

Org PageRecipient Profile

Arlington Heights, IL

PURPOSE: SUPPORT OF MISSION

$520,564

Atlanta, GA

PURPOSE: SUPPORT OF MISSION

$510,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Community Foundation Of Tampa Bay Inc has recieved totaling $601,543.

Awarding OrganizationAmount
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: PHILANTHROPY/VOLUNTARISM

$310,492
Helios Education Foundation

Phoenix, AZ

PURPOSE: See Part IV

$90,668
Borrell Family Foundation Inc

Tampa, FL

PURPOSE: TONY BORRELL ENDOWED SCHLARSHIP

$75,000
United Way Suncoast Inc

Tampa, FL

PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING

$22,396
Kimmins Terrier Foundation Inc

Tampa, FL

PURPOSE: CONNECTS PEOPLE AND RESOURCES TO INSPIRE CHARITABLE GIVING

$20,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$154,059,791
Earnings$47,502,699
Admin Expense$1,805,115
Net Contributions$13,381,516
Grants$6,657,540
Ending Balance$206,481,350

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