Tampa Bay Partnership For Regional Economic Development Inc is located in Tampa, FL. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Tampa Bay Partnership For Regional Economic Development Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Partnership For Regional Economic Development Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Tampa Bay Partnership For Regional Economic Development Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $773.1k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO CREATING A UNIFIED, COMPETITIVE AND PROSPEROUS TAMPA BAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONAL INDICATORSTHE CORNERSTONE OF THE PARTNERSHIP'S WORK IS THE REGIONAL COMPETITIVENESS REPORT, A DATA-BASED ASSESSMENT OF TAMPA BAY'S STRENGTHS AND WEAKNESSES, COMPARED TO 19 PEER AND ASPIRATIONAL MARKETS NATIONWIDE. SINCE ITS LAUNCH IN 2017, THIS REPORT HAS CONTRIBUTED TO THE DEVELOPMENT OF COMMON METRICS AND SHARED PRIORITIES FOR THE TAMPA BAY REGION, AS WELL AS THE ESTABLISHMENT OF KEY PUBLIC POLICY AREAS FOR THE PARTNERSHIP.(CONTINUED ON SCHEDULE O)IN 2020, THE PARTNERSHIP PUBLISHED (ONLINE) THE FOURTH EDITION OF THE REGIONAL COMPETITIVENESS REPORT (RCR), WHICH WAS RELEASED AT THE ANNUAL STATE OF THE REGION EVENT, HELD VIRTUALLY THIS YEAR. ADDITIONALLY, THE PARTNERSHIP PRODUCED IN 2020 A REGIONAL EQUITY REPORT AND REGIONAL EQUITY DIVIDEND REPORT, TO COMPLEMENT THE RCR. THE ORGANIZATION ALSO CONDUCTED AND RELEASED MULTIPLE PUBLIC OPINION SURVEYS REGARDING COVID-19 AND RACIAL EQUITY ISSUES.
TALENTTHE 2018 REGIONAL COMPETITIVENESS REPORT REVEALED SIGNIFICANT WEAKNESSES THROUGHOUT THE REGION'S TALENT PIPELINE, PARTICULARLY IN COMPARISON TO ITS PEER COMMUNITIES. IN RESPONSE, THE PARTNERSHIP CONVENED MORE THAN 30 CEOS AND SENIOR HR EXECUTIVES FROM TOP EMPLOYERS THROUGHOUT THE REGION TO DIG DEEPER, EXPLORE NATIONAL BEST PRACTICES, AND DEVELOP AN ACTIONABLE PLAN TO ADDRESS THE ISSUE.(CONTINUED ON SCHEDULE O)THE PARTNERSHIP LAUNCHED TAMPA BAY WORKS, AN EMPLOYER-LED, DEMAND-DRIVEN, REGIONAL WORKFORCE INITIATIVE, WHICH SPUN OFF IN 2020 AS ITS OWN, INDEPENDENT NON-PROFIT ORGANIZATION. TAMPA BAY WORKS ESTABLISHED TWO COLLABORATIVES HEALTHCARE AND MANUFACTURING -- WITH EMPLOYERS WILLING TO TAKE A DEEP, GRANULAR APPROACH TO FILLING THEIR TALENT PIPELINE. TAMPA BAY BECAME THE FIRST COMMUNITY IN FLORIDA TO IMPLEMENT THE U.S. CHAMBER OF COMMERCE FOUNDATION'S RIGOROUS TALENT PIPELINE MANAGEMENT (TPM) MODEL, WHICH ALIGNS THE TALENT SUPPLY CHAIN WITH DYNAMIC BUSINESS NEEDS. IN 2020, THE PARTNERSHIP RECEIVED A GRANT FROM JPMORGAN CHASE TO START A NEW PROGRAM, CALLED "UPSKILL TAMPA BAY." THE INITIATIVE IDENTIFIES THE INDUSTRIES AND JOBS THAT HAVE MOST NEGATIVELY IMPACTED BY THE PANDEMIC AND, CONVERSELY, THE JOBS AND INDUSTRIES THAT HAVE BEEN MOST POSITIVELY IMPACTED BY THE PANDEMIC. THEN, THE INITIATIVE USES "SKILLS-BASED HIRING" TO IDENTIFY THE SKILLS THAT THE UNEMPLOYED PERSONS HAVE THAT COULD BE UTILIZED IN GROWING INDUSTRIES, WITH TARGETED TRAINING.
TRANSPORTATIONTRANSPORTATION CONTINUES TO BE ONE OF THE REGION'S GREATEST CHALLENGES, AS THE ABILITY TO PROVIDE MEANINGFUL ECONOMIC OPPORTUNITIES AND A HIGHER QUALITY OF LIFE TO TAMPA BAY RESIDENTS BECOMES INCREASINGLY CONSTRAINED BY A LACK OF TRANSIT OPTIONS AND LIMITED REGIONAL CONNECTIVITY. TO CHANGE THAT DYNAMIC, THE PARTNERSHIP IS WORKING TOWARD THE CREATION OF A REGIONAL TRANSIT SYSTEM THAT CONNECTS TAMPA BAY RESIDENTS TO JOBS, EDUCATION, HEALTHCARE, CHILDCARE AND OTHER AMENITIES, AND ENSURING THAT EVERYONE IN THE COMMUNITY HAS EQUAL ACCESS TO THOSE CONNECTIONS.(CONTINUED ON SCHEDULE O)IN 2017, THE PARTNERSHIP FUNDED A STUDY THAT SHOWED SUCCESSFUL COMMUNITIES PLAN, IMPLEMENT AND OPERATE TRANSIT ON A REGIONAL LEVEL. THE ORGANIZATION HAS SINCE ADVOCATED FOR THE RESTRUCTURE AND FUNDING OF A REGIONAL TRANSIT AUTHORITY, AND CONTINUES TO LOOK FOR WAYS TO INCENTIVIZE COOPERATION BETWEEN COUNTY-BASED TRANSPORTATION PLANNING ORGANIZATIONS. SINCE THE COMPLETION OF THE REGIONAL TRANSIT FEASIBILITY PLAN (RTFP) IN 2018, THE PARTNERSHIP HAS ALSO ADVOCATED FOR THE SUCCESSFUL IMPLEMENTATION OF A 41-MILE REGIONAL RAPID TRANSIT (RRT) PROJECT, WHICH IS NOW IN THE PROJECT DEVELOPMENT PHASE, AS WELL AS THE TAMPA BAY NEXT INTERSTATE IMPROVEMENT PROGRAM, WHICH WILL PROVIDE BOTH CONGESTION RELIEF AND THE DEDICATED GUIDEWAY FOR A REGIONAL TRANSIT SPINE.IN 2020, THE PARTNERSHIP CONTINUED WORK ON ITS EXTENSIVE RESEARCH PROJECT THAT DOCUMENTS THE LINKAGE BETWEEN IMPROVED TRANSIT AND ACCESS TO JOBS. THE PARTNERSHIP HAS CONTRACTED WITH THE UNIVERSITY OF MINNESOTA'S RENOWNED ACCESSIBILITY OBSERVATORY TO CONDUCT THIS INNOVATIVE RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Homans Richard President, CEO | Officer | 38 | $384,000 |
Mikosky Jennifer VP Strategic Communications | 40 | $127,126 | |
Sobush David Director Of Research | 40 | $107,598 | |
Pizzo David Chair | OfficerTrustee | 1 | $0 |
Loar Chad Secretary/treasurer | OfficerTrustee | 1 | $0 |
Auld Brian Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,147,500 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,172,500 |
Total Program Service Revenue | $0 |
Investment income | $256 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,172,756 |
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. | $182,461 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $69,841 |
Pension plan accruals and contributions | $20,456 |
Other employee benefits | $72,622 |
Payroll taxes | $40,844 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,585 |
Fees for services: Accounting | $69,862 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $97,468 |
Advertising and promotion | $0 |
Office expenses | $15,739 |
Information technology | $35,389 |
Royalties | $0 |
Occupancy | $51,642 |
Travel | $1,072 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $660 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,952 |
Insurance | $6,301 |
All other expenses | $0 |
Total functional expenses | $773,135 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $808,263 |
Pledges and grants receivable | $5,000 |
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 | $5,070 |
Net Land, buildings, and equipment | $47,554 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,521,733 |
Total assets | $3,387,620 |
Accounts payable and accrued expenses | $178,822 |
Grants payable | $0 |
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 | $0 |
Total liabilities | $178,822 |
Net assets without donor restrictions | $3,208,798 |
Net assets with donor restrictions | $0 |
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 | $3,387,620 |
Over the last fiscal year, Tampa Bay Partnership For Regional Economic Development Inc has awarded $125,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Tampa, FL PURPOSE: TRANSPORTATION INITIATIVES | $100,000 |
Tampa, FL PURPOSE: TRANSPORTATION | $25,000 |
Over the last fiscal year, we have identified 1 grants that Tampa Bay Partnership For Regional Economic Development Inc has recieved totaling $50,000.
Awarding Organization | Amount |
---|---|
University Community Hospital Inc Tampa, FL PURPOSE: General Support | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |