Tampa Baywatch Inc
- Assets
- $7.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 76
- Location
- Tierra Verde, FL
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 59-3191962
Organization Overview
Tampa Baywatch Inc is located in Tierra Verde, FL. The organization was established in 1993. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Tampa Baywatch Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Baywatch 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 Baywatch Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TAMPA BAY WATCH IS DEDICATED TO FOSTERING A HEALTHY TAMPA BAY WATERSHED THROUGH COMMUNITY-DRIVEN RESTORATING PROJECTS, EDUCATION PROGRAMS, AND OUTREACH INITIATIVES.
Describe the Organization's Program Activity:
IN 2023, 3112 VOLUNTEERS PARTICIPATED IN HANDS-ON HABITAT RESTORATION PROJECTS SUCH AS OYSTER REEF BALL CONSTRUCTION, OYSTER SHELL BAR INSTALLATIONS, COASTAL CLEANUPS, NATIVE PLANTINGS, AND FISHING LINE RECYCLINGS. THE RESTORATION DEPARTMENT SUCCESSFULLY RECYCLED 85,089 LBS OF WASTE OYSTER SHELL FROM LOCAL PARTNER RESTAURANTS. THIS RECYCLED SHELL IS USED TO CREATE OYSTER REEFS AND VERTICAL OYSTER GARDENS WHICH RESTORE LOST HABITAT, PREVENT EROSION, AND IMPROVE WATER QUALITY. THE EDUCATION TEAM ENGAGED 6,541 LOCAL STUDENTS THROUGH 1,030 ONSITE AND TRAVELING MARINE SCIENCE SCHOOL FIELD TRIPS. THE DISCOVERY CENTER'S ECO VESSEL EDUCATED 8,322 PEOPLE THROUGH EDUCATIONAL ECO TOURS. EARTH NIGHT WAS A SUCCESS, TARPON RODEO HAD A RECORD 36 TEAMS, AND EVENING FOR THE BAY, OUR ANNUAL GALA IN NOVEMBER, HOSTED OVER 400 GUESTS. ALL FUNDS RAISED SUPPORT OUR MISSION TO RESTORE AND PROTECT THE TAMPA BAY WATERSHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Daly Board Member | Trustee | 5 | $0 |
Lari Johnson Board Member | Trustee | 5 | $0 |
Kevin Kelso Board Member | Trustee | 5 | $0 |
Carol Marks Board Member | Trustee | 5 | $0 |
Terry Mccarthy Board Member | Trustee | 5 | $0 |
Mary Ann Renfrow Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $322,311 |
| Related organizations | $0 |
| Government grants | $593,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,688,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,604,253 |
| Total Program Service Revenue | $669,503 |
| Investment income | $71,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $261,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$64,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,631,416 |
| 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. | $195,320 |
| Compensation of current officers, directors, key employees. | $45,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,970,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,194 |
| Payroll taxes | $159,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,486 |
| Fees for services: Other | $128,043 |
| Advertising and promotion | $40,797 |
| Office expenses | $262,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,281 |
| Travel | $44,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,615 |
| Insurance | $188,910 |
| All other expenses | $7,126 |
| Total functional expenses | $3,833,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,018,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $142,131 |
| 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 | $77,161 |
| Prepaid expenses and deferred charges | $138,482 |
| Net Land, buildings, and equipment | $3,048,377 |
| Investments—publicly traded securities | $1,304,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,942 |
| Total assets | $7,098,378 |
| Accounts payable and accrued expenses | $220,529 |
| Grants payable | $0 |
| Deferred revenue | $113,278 |
| 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 | $9,612 |
| Total liabilities | $343,419 |
| Net assets without donor restrictions | $4,884,649 |
| Net assets with donor restrictions | $1,870,310 |
| 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 | $7,098,378 |