Greater Tampa Chamber Of Commerce Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 59-3462329
Organization Overview
Greater Tampa Chamber Of Commerce Foundation Inc is located in Tampa, FL. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Tampa Chamber Of Commerce Foundation 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, Greater Tampa Chamber Of Commerce Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 14.8% 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 SUPPORT THE GREATER TAMPA CHAMBER OF COMMERCE THROUGH LEADERSHIP AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1971, LEADERSHIP TAMPA HAS BEEN INTRODUCING ITS CLASS MEMBERS TOMAJOR FACETS OF THE GREATER TAMPA COMMUNITY THROUGH AN INTENSIVENINE-MONTH COURSE. FOUNDED BY THE CHAMBER, LEADERSHIP TAMPA'S MEMBERSPARTICIPATE IN EDUCATIONAL SESSIONS, TOURS AND CANDID CONVERSATIONSWITH INFLUENTIAL MEMBERS OF THE COMMUNITY. THE PROGRAM IS DESIGNED TOCONNECT UP-AND-COMING LEADERS WITH THE NEEDS OF TAMPA BAY SO THAT UPONGRADUATION THEY ARE ENGAGED IN BUILDING A BETTER COMMUNITY.
THE COLLEGIATE LEADERSHIP PROGRAM RECOGNIZES STUDENTS WHO HAVE DEMONSTRATED LEADERSHIP WITHIN THEIR CAMPUS COMMUNITY, AS WELL AS ACADEMIC SUCCESS. AS THESE STUDENTS NEAR DEGREE COMPLETION, COLLEGIATE LEADERSHIP HELPS INTRODUCE THEM TO THE MANY WAYS LEADERSHIP TAKES SHAPE OUTSIDE THE ACADEMIC WORLD. THIS PROGRAM WILL TEACH THEM AS MUCH ABOUT THE COMMUNITY AS IT WILL ABOUT THEMSELVES AND WILL EMPOWER THEM TO CONTINUE THEIR LEADERSHIP JOURNEYS.
EMERGING LEADERS OF TAMPA BAY IS A LEADERSHIP PROGRAM OF THE CHAMBERDESIGNED FOR EMERGING LEADERS AGES 21 TO 35. THE CONCEPT FOR EMERGINGLEADERS OF TAMPA BAY STEMMED FROM AN INITIATIVE OF THE CHAMBER AND THECOMMUNITY TO RECRUIT AND RETAIN TALENT IN THE GREATER TAMPA AREA. THEPROGRAM ENCOURAGES GROWTH OF YOUNG PROFESSIONALS THROUGH COMMUNITYSERVICE PROJECTS, PUBLIC POLICY ENGAGEMENT, PROFESSIONAL DEVELOPMENTAND SOCIAL INTERACTION.
THE MINORITY BUSINESS ACCELERATOR (MBA) IS A PROGRAM OF THE TAMPA BAY CHAMBER FOUNDATION DESIGNED TO AID BLACK AND HISPANIC BUSINESSES PREPARE FOR GROWTH. THE MBA HELPS THESE BUSINESSES IDENTIFY AND OVERCOME BARRIERS, WHICH OFTEN INCLUDE LIMITED ACCESS TO CAPITAL, KEY DECISION MAKERS, AND INFORMATION. BY PROVIDING PRACTICAL TOOLS FOR CHANGE, PROGRAM PARTICIPANTS ARE POSITIONED TO INCREASE CAPACITY, CREATE JOBS, AND BUILD WEALTH.OTHER ONGOING LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMS THATPROVIDE OUR MEMBERS WITH UNIQUE OPPORTUNITIES FOR LEARNING AND GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Butler Chair | Trustee | 1 | $0 |
Brian Adcock Chair-Elect | Trustee | 1 | $0 |
Ed Narain Treasurer | Trustee | 1 | $0 |
Robert Rohrlack Jr Secretary/president And Ce | OfficerTrustee | 2 | $0 |
Drew Jenkins ESQ Legal Counsel | OfficerTrustee | 1 | $0 |
Avril Stinson VP Of Economic Inclusion & Leadership | 40 | $106,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,857 |
| Total Program Service Revenue | $594,784 |
| Investment income | $45,547 |
| 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 | $1,121,188 |
| 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. | $459,809 |
| Compensation of current officers, directors, key employees. | $151,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,779 |
| Payroll taxes | $27,831 |
| 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 | $1,386 |
| Fees for services: Other | $5,034 |
| Advertising and promotion | $188 |
| Office expenses | $48,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,734 |
| Travel | $15,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,204 |
| Insurance | $4,445 |
| All other expenses | $0 |
| Total functional expenses | $1,039,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,611 |
| Savings and temporary cash investments | $1,180,146 |
| Pledges and grants receivable | $0 |
| 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 | $9,019 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,030,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,353,707 |
| Accounts payable and accrued expenses | $523,883 |
| Grants payable | $0 |
| Deferred revenue | $691,897 |
| 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 | $1,215,780 |
| Net assets without donor restrictions | $1,137,927 |
| 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 | $2,353,707 |
Grants Awarded
Over the last fiscal year, Greater Tampa Chamber Of Commerce Foundation Inc has awarded $378,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MACDILL AIR FORCE BASE PURPOSE: SUPPORT FOR TAMPA BAY AIRFEST 2018 | $228,700 |
KEEP HILLSBOROUGH MOVING INC PURPOSE: TRANPORTATION EDUCATION | $150,000 |