St Petersburg Innovation District Inc is located in St Petersburg, FL. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Petersburg Innovation District 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 12/2021, St Petersburg Innovation District Inc generated $294.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $276.4k during the year ending 12/2021. 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
THE MISSION OF THE ST. PETERSBURG INNOVATION DISTRICT IS TO DEVELOP ST. PETERSBURG INTO AN ENVIRONMENT THAT FOSTERS JOB GROWTH, ECONOMIC DEVELOPMENT, LEARNING AND INSPIRATION BY BRINGING INNOVATIVE PEOPLE AND ORGANIZATIONS TOGETHER. OUR VISION IS TO HARNESS THE POTENTIAL OF PEOPLE, INSTITUTIONS AND BUSINESSES IN THE ST. PETERSBURG INNOVATION DISTRICT TO GENERATE COLLABORATIVE SOLUTIONS THAT WILL BENEFIT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE GREATER INCLUSIONARY COLLABORATION IN SEARCH OF INNOVATION. THE PURPOSE OF THIS ACTIVITY IS TO INCREASE MULTI-SECTOR, CROSS DISCIPLINE COLLABORATION BY INTRODUCING PEOPLE TO EACH OTHER AND THE RESEARCH OR WORK BEING PERFORMED. THESE COLLABORATIONS INCLUDE ORGANIZATIONAL TOURS, NETWORKING EVENTS, STEM ACTIVITIES AND SPEAKERS OR PANEL DISCUSSIONS. THE EXPECTATION IS THAT BY INCREASING COLLABORATION WE ARE ABLE TO FIND CREATIVE SOLUTIONS TO ADDRESS COMMUNITY ISSUES AND GENERATE EMPLOYMENT OPPORTUNITIES FOR NEWCOMERS TO THE CITY AND CITIZENS IN SURROUNDING NEIGHBORHOODS. COLLABORATIONS ARE TRACKED AND SUCCESSES SHARED WITH THE BROADER COMMUNITY IN THE WEBSITE, E-NEWSLETTER AND SOCIAL MEDIA. THIS ACTIVITY IS IMPORTANT TO THE PURPOSE OF THE ORGANIZATION BECAUSE IT IS HOW WE FOSTER LEARNING AND INSPIRATION THAT CAN IN TURN SUPPORT JOB GROWTH AND ECONOMIC DEVELOPMENT. THIS ACTIVITY IS ONGOING AND OCCURS PREDOMINATELY IN THE DISTRICT, WITH SOME EVENTS EXTENDING INTO THE GREATER ST. PETERSBURG AREA. THE ACTIVITY IS GUIDED BY THE ORGANIZATION'S BOARD OF DIRECTORS, COORDINATED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, AND PERFORMED BY INDIVIDUALS WITHIN THE MEMBER ORGANIZATIONS.
ATTRACT NEW, DIVERSE AND INTELLECTUAL CAPACITY. THE PURPOSE OF THIS ACTIVITY IS TO FUEL THE ECONOMIC GROWTH OF ST. PETERSBURG. THIS IS ACCOMPLISHED BY ENHANCING THE RESEARCH AND EDUCATION CAPABILITIES, ASSISTING IN THE RECRUITMENT AND DIVERSIFICATION OF THE EMPLOYMENT BASE, AND ASSISTING IN THE ATTRACTION OR INCUBATION OF NEW BUSINESSES. THIS ACTIVITY INCLUDES ENCOURAGING NEW RESEARCH PROJECTS, PROVIDING SUPPORT FOR COMPANIES LOOKING TO RELOCATE, AND ASSISTING IN THE EXPANSION OF INCUBATOR ORGANIZATIONS. THIS ACTIVITY IS IMPORTANT FOR THE ORGANIZATION TO ENABLE JOB GROWTH THROUGH THE ADDITION OF NEW EMPLOYERS AND EXPANSION OF EXISTING EMPLOYERS. THIS ACTIVITY IS ONGOING AND OCCURS PREDOMINATELY IN THE DISTRICT, WITH SOME EVENTS EXTENDING INTO THE GREATER ST. PETERSBURG AREA. THE ACTIVITY IS GUIDED BY THE ORGANIZATION'S BOARD OF DIRECTORS, COORDINATED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, AND PERFORMED BY INDIVIDUALS WITHIN THE MEMBER ORGANIZATIONS.
CREATE A SENSE OF PLACE. THE PURPOSE OF THIS ACTIVITY IS TO PHYSICALLY CONNECT THE ORGANIZATIONS AND SPACES IN THE ORGANIZATION TO SUPPORT COLLABORATION AND ATTRACT BUSINESSES AND TALENT. THIS ACTIVITY INCLUDES INSTALLING NEW DIRECTIONAL SIGNAGE, REDESIGNING STREETS TO ACCOMODATE WALKERS AND BIKERS, AND ENCOURAGING THE OPENING OF AMENITIES SUCH AS COFFEE SHOPS AND COLLABORATIVE SPACES. THIS ACTIVITY BEGAN IN 2015 WITH A STUDY CONDUCTED BY THE CITY OF ST. PETERSBURG. THE CITY OF ST. PETERSBURG IS FUNDING AND MANAGING THE NEW SIGNAGE AND STREET REDESIGN PROJECT. THE ORGANIZATION'S BOARD OF DIRECTORS IS GUIDING THE DISCUSSION OF NEW AMENITIES IN COORDINATION WITH THE CITY OF ST. PETERSBURG, COORDINATED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alison Barlow Executive Di | Officer | 40 | $98,214 |
Latasha Barnes Vice Preside | OfficerTrustee | 1 | $0 |
Martin Tadlock Post 721 Secretary/tr | OfficerTrustee | 1 | $0 |
Rob Kapusta President | OfficerTrustee | 1 | $0 |
Alan Delisle Ex-Officio B | Trustee | 1 | $0 |
Jason Mathis Alternate Bo | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $235,000 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $32,500 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $267,500 |
Total Program Service Revenue | $25,000 |
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 | $294,550 |
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. | $98,214 |
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 | $14,276 |
Payroll taxes | $9,296 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $145 |
Office expenses | $20,496 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,913 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,501 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,384 |
Insurance | $15,677 |
All other expenses | $14,362 |
Total functional expenses | $276,393 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $115,041 |
Savings and temporary cash investments | $0 |
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 | $0 |
Net Land, buildings, and equipment | $8,357 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $8,384 |
Other assets | $0 |
Total assets | $131,782 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $131,782 |
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 | $131,782 |
Over the last fiscal year, we have identified 4 grants that St Petersburg Innovation District Inc has recieved totaling $50,000.
Awarding Organization | Amount |
---|---|
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ADVANCE COMMUNITY WEALTH TO HEALTH VIA SUPPORTING DIGITAL INCLUSION EFFORTS CREATING EQUITABLE ACCESS TO BROADBAND SERVICES AND TECHNOLOGY IN ST. PETERSBURG. | $22,500 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ACCELERATE RACE EQUITY VIA THE FACILITATION OF COMMUNITY LISTENING USING COLLABORATIVE PARTNERSHIPS AND VARIOUS TECHNIQUES, INCLUDING THE USE OF TECHNOLOGY, FACILITATION, AND MODERATION. | $15,000 |
Pinellas Community Foundation Clearwater, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL PURPOSE: TO ADVANCE COMMUNITY WEALTH TO HEALTH VIA SUPPORTING DIGITAL INCLUSION EFFORTS CREATING EQUITABLE ACCESS TO BROADBAND SERVICES AND TECHNOLOGY IN ST. PETERSBURG. | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |