Community Foundation Of Tampa Bay Inc
- Assets
- $499.1m
- Revenue
- $263.2m
- Investments
- $52.1m
- Employees
- 29
- Location
- Tampa, FL
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 59-3001853
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 06/2022, Community Foundation Of Tampa Bay Inc employed 29 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 06/2022, Community Foundation Of Tampa Bay Inc generated $263.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $75.6m during the year ending 06/2022. While expenses have increased by 25.3% per year over the past 7 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 3,189 individual grants totaling $182,707,137. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING AND GROWING PHILANTHROPY AND CIVIC LEADERSHIP FOR MAXIMUM IMPACT IN LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
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 ADMINISTER 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.
CRITICAL NEEDS LISTTO ADDRESS UNEXPECTED NEEDS IN THE COMMUNITY, COMMUNITY FOUNDATION OF TAMPA BAY HAS CREATED THE CRITICAL NEEDS LIST FOR NONPROFITS TO SHARE URGENT AND UNEXPECTED NEEDS WITH COMMUNITY PHILANTHROPISTS. A CRITICAL NEED IS DEFINED AS UNBUDGETED, UNFORESEEN, AND TIME-SENSITIVE, AND ONE THAT SIGNIFICANTLY INTERFERES WITH A NONPROFIT'S ABILITY TO PROVIDE CRUCIAL SERVICES OR PRESENTS AN IMMINENT THREAT TO THE ORGANIZATION'S CONTINUED OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael M Starkey Chair | OfficerTrustee | 10 | $0 |
Oscar J Horton Treasurer | OfficerTrustee | 2 | $0 |
Linda O Simmons Secretary | OfficerTrustee | 1 | $0 |
Robert H Mohr Past Chair | OfficerTrustee | 1 | $0 |
Miles S Capron Trustee | Trustee | 1 | $0 |
Ronald L Ciganek Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boyd Construction Company Construction | 6/29/21 | $250,022 |
Agw Capital Advisors Investment Management | 6/29/21 | $243,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,322,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,857,804 |
| Noncash contributions included in lines 1a–1f | $146,718,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,180,304 |
| Total Program Service Revenue | $488,168 |
| Investment income | $4,926,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,240,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,193,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,045,506 |
| Grants and other assistance to domestic individuals. | $829,818 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,744 |
| Compensation of current officers, directors, key employees. | $241,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,543,127 |
| Pension plan accruals and contributions | $160,914 |
| Other employee benefits | $157,794 |
| Payroll taxes | $145,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $867,776 |
| Fees for services: Other | $197,444 |
| Advertising and promotion | $316,239 |
| Office expenses | $59,672 |
| Information technology | $165,702 |
| Royalties | $0 |
| Occupancy | $252,380 |
| Travel | $8,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,359 |
| Insurance | $36,214 |
| All other expenses | $54,521 |
| Total functional expenses | $75,575,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,101,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,232,500 |
| Accounts receivable, net | $227,605 |
| 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 | $139,151 |
| Net Land, buildings, and equipment | $288,397 |
| Investments—publicly traded securities | $435,886,872 |
| Investments—other securities | $52,070,921 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,178,667 |
| Total assets | $499,126,043 |
| Accounts payable and accrued expenses | $420,582 |
| Grants payable | $40,393 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $55,371,129 |
| Total liabilities | $55,832,104 |
| Net assets without donor restrictions | $439,101,301 |
| Net assets with donor restrictions | $4,192,638 |
| 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 | $499,126,043 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Tampa Bay Inc has awarded $70,542,372 in support to 673 organizations.
| Grant Recipient | Amount |
|---|---|
360 EATS INC PURPOSE: SUPPORT OF MISSION | $47,500 |
1VOICE FOUNDATION PURPOSE: SUPPORT OF MISSION | $20,000 |
A SECOND WISH BY DEMETRIUS INCORPORATED PURPOSE: SUPPORT OF MISSION | $20,000 |
ACADEMY PREP CENTER OF ST PETERSBURG INC PURPOSE: SUPPORT OF MISSION | $40,500 |
A KID'S PLACE OF TAMPA BAY INC PURPOSE: SUPPORT OF MISSION | $40,000 |
ACADEMY OF THE HOLY NAMES FOUNDATION INC PURPOSE: SUPPORT OF MISSION | $185,000 |