Bay Area Chamber Foundation Inc
- Assets
- $208.8k
- Revenue
- $317.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 76-0848045
Organization Overview
Bay Area Chamber Foundation Inc is located in St Petersburg, FL. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Chamber 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 12/2021, Bay Area Chamber Foundation Inc generated $317.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $337.7k during the year ending 12/2021. While expenses have increased by 33.5% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AND SUPPORT THE ST. PETERSBURG AREA CHAMBER OF COMMERCE'SEDUCATIONAL AND CHARITABLE PROGRAMS FOCUSING ON BUSINESS AND COMMUNITYDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROW SMARTER IS AN INITIATIVE THAT BRINGS TOGETHER 90+ ORGANIZATIONS WORKING IN A NUMBER OF AREAS FOR CROSS-SECTOR COLLABORATION WITH KEY STAKEHOLDERS AND MEMBERS OF THE BUSINESS COMMUNITY. THE INITIATIVE IS BASED ON THE GROW SMARTER STRATEGY, A COMPREHENSIVE, INTEGRATED,DATA-DRIVEN COMMUNITY PLAN TO ENHANCE ST. PETERSBURG'S COMPETITIVE POSITION AND PROVIDE QUALITY, DIVERSE ECONOMIC GROWTH.GROW SMARTER HAS A FOCUS ON EQUITY, WITH THE UNDERSTANDING THAT THE VIBRANCY OF THE ENTIRE COMMUNITY IS DETERMINED BY THE WELLBEING OF ALL INDIVIDUALS.GROW SMARTER ADDRESSES SPECIFIC TOPICAL AREAS THROUGH WORKGROUPS MADE UP OF REPRESENTATIVES FROM COMMUNITY ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS.THESE WORKGROUPS COLLABORATE TO CONTRIBUTE TO THE POSITIVE AND PROGRESSIVE GROWTH OF ST. PETERSBURG AND INCLUDE CULTURE & COMMUNITY, DISTRICT & CORRIDOR DEVELOPMENT, COORDINATED EDUCATION & TRAINING, ENTREPRENEURIAL GROWTH, TARGETED JOB CREATION, AWARENESS BUILDING, AND HOUSING WORKGROUPS.GROW SMARTER BRINGS THE WORK OF INDIVIDUAL ORGANIZATIONS OUT OF SILOS AND SUPPORTS THE ALIGNMENT OF COMMUNITY RESOURCES TO IMPROVE THE WEALTH OF EVERYONE LIVING IN ST. PETE.
THE FOUNDATION CONDUCTS A VARIETY OF EDUCATIONAL AND NETWORKING ACTIVITIES WHICH INCLUDE TRAINING FOR ENTREPRENEURS, DEVELOPMENT OF LEADERSHIP SKILLS, AND NETWORKING OPPORTUNITIES FOR YOUNG PROFESSIONALS, WOMEN, MINORITIES, AND OTHER BUSINESS PROFESSIONALS IN THE COMMUNITY IT SERVES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Steinocher President/ceo | Officer | 1 | $0 |
Dr Sri Sundaram Chair | Trustee | 1 | $0 |
David Vetter Vice Chair | Trustee | 1 | $0 |
Dr Sandra Braham Chair Elect | Trustee | 1 | $0 |
Wes Bryan Vice Chair | Trustee | 1 | $0 |
Dr Tashika Griffith Vice Chair | Trustee | 1 | $0 |
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 | $317,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,468 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $317,898 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,174 |
| Advertising and promotion | $1,575 |
| Office expenses | $3,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $94,540 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $337,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,648 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155 |
| Total assets | $208,803 |
| Accounts payable and accrued expenses | $14,206 |
| Grants payable | $0 |
| Deferred revenue | $159,450 |
| 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 | $173,656 |
| Net assets without donor restrictions | $35,147 |
| 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 | $208,803 |
Grants Awarded
Over the last fiscal year, Bay Area Chamber Foundation Inc has awarded $148,638 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Petersburg, FL PURPOSE: COVID 19 CONTRIBUTION FOR GROW SMARTER ANNUAL SCHOLARHIP AND GROW SMARTER ENDOWED SCHOLARSHIP | $50,000 |
Las Vegas, NV PURPOSE: CONTRIBUTION FOR THE RENOVATION OF WESTCARE'S MUSTARD SEED INN | $47,638 |
Tampa, FL PURPOSE: MICRO GRANT | $25,000 |
Saint Petersburg, FL PURPOSE: COVID 19 CONTRIBUTION FOR SUPPORT, COORDINATION, STAFF TIME AND SPACE FOR RESOURCE & RESILIENCY HUB ACTIVITIES | $10,000 |
St Petersburg, FL PURPOSE: COVID-19 CONTRIBUTION FOR SOFTWARE PURCHASES, ENHANCED TECHNOLOGY, STAFF TIME AND COLLATERAL MATERIALS | $8,000 |
GOZONE WIFI LLC PURPOSE: 8 X FL DEUCES DISTRICT WIFI ANNUAL SPONSORSHIP | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bay Area Chamber Foundation Inc has recieved totaling $41,073.
| Awarding Organization | Amount |
|---|---|
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ACCELERATE RACE EQUITY BY INCREASING ACCESS AND OPPORTUNITY FOR BIPOC INDIVIDUALS TO PARTICIPATE IN LEADERSHIP ST. PETE AND TO SUPPORT ONGOING BIPOC LEADERSHIP DEVELOPMENT. | $25,000 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ACCELERATE RACE EQUITY BY INCREASING ACCESS AND OPPORTUNITY FOR BIPOC INDIVIDUALS TO PARTICIPATE IN LEADERSHIP ST. PETE AND TO SUPPORT ONGOING BIPOC LEADERSHIP DEVELOPMENT. | $10,000 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ACCELERATE RACE EQUITY BY SUPPORTING THE PROFESSIONAL DEVELOPMENT OF BIPOC INDIVIDUALS PARTICIPATING IN LEADERSHIP ST. PETERSBURG. | $3,073 |
Sheila A Penrose & Ernest Mahaffey Charitable Foundation Inc Geneva, IL PURPOSE: GENERAL GRANT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |