Tampa Bay Economic Prosperity Foundation
- Assets
- $972.5k
- Revenue
- $350.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 05/2019
- Data as of
- 09/2023
- EIN
- 83-2026345
Organization Overview
Tampa Bay Economic Prosperity Foundation is located in Tampa, FL. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Economic Prosperity Foundation 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 09/2023, Tampa Bay Economic Prosperity Foundation generated $350.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $397.1k during the year ending 09/2023. While expenses have increased by 45.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT RESEARCH AND EDUCATE OUR COMMUNITY ABOUT ISSUES THAT AFFECT JOB CREATION AND ECONOMIC OPPORTUNITY IN TAMPA BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL YEAR 2023 WAS A WATERSHED YEAR FOR THE STILL RELATIVELY NEW TAMPA BAY ECONOMIC PROSPERITY FOUNDATION. THE TEAM MADE RAPID PROGRESS WITH OUR INCLUSIVE ECONOMIC GROWTH INITIATIVES AND RECEIVED SEVERAL SIGNIFICANT GIFTS THAT BROUGHT US WITHIN STRIKING DISTANCE OF OUR CAPITAL CAMPAIGN GOAL.THE FOUNDATION GRANTED FUNDING IN SUPPORT OF A TRANSFORMATIONAL REDEVELOPMENT PLAN FOR AN INDUSTRIAL CORRIDOR IN EAST TAMPA. INFORMED BY BUSINESS AND LANDOWNERS IN THE DISTRICT, DOZENS OF COMMUNITY PARTNERS, AND THE TAMPA BAY ECONOMIC DEVELOPMENT COUNCIL'S INVESTOR-LED COMMUNITY DEVELOPMENT WORKING GROUP, THE PLAN INCLUDES A STRATEGY FOR PUBLIC IMPROVEMENTS, CATALYTIC PROJECTS, AND NEW PROGRAMS TO ENHANCE JOB CREATION AND STARTUP ACTIVITY. THE FOUNDATION ALSO SUPPORTED THE STARTUP COSTS FOR THE CREATION AND ADMINISTRATION OF OPPORTUNITY TAMPA BAY INC, OR OTBI. THIS ENTITY WILL PROVIDE INVESTMENT CAPITAL AND ECONOMIC DEVELOPMENT SERVICES IN LOW-INCOME AREAS THROUGHOUT HILLSBOROUGH COUNTY, LEAD THE CHARGE ON THE EAST TAMPA INDUSTRIAL DISTRICT, AND ENGAGE MORE PARTNERS TO INVEST IN THE PROJECT.THE FOUNDATION'S CERTUP CAREER AWARENESS CAMPAIGN SUCCESSFULLY COMPLETED ITS FIRST-YEAR PILOT CAMPAIGN. LATE LAST YEAR, BILLBOARDS AND BUS SHELTERS THROUGHOUT EAST TAMPA, CENTRAL PARK AND YBOR CITY NEIGHBORHOODS ENCOURAGED CAREER SEEKERS TO MAKE MORE AND BE GREATER BY FINDING A SHORT-TERM CERTIFICATE OR DEGREE PROGRAM THAT COULD CHANGE THEIR LIFE.THE FALL 2022 AND SPRING 2023 CAMPAIGNS GENERATED MORE THAN 33 MILLION IMPRESSIONS AND A THOUSAND HITS PER WEEK TO THE CERTUPTAMPA WEB SITE. BLANKETING EAST TAMPA WITH BILLBOARDS, BUS SHELTER ADS, AND DIGITAL ADVERTISING HELPED TO COMPLETELY FILL THE AUGUST WELDING PROGRAM COHORT AT HCC'S POSTSECONDARY ADULT VOCATIONAL PROGRAM CENTER IN EAST TAMPA. THE TAMPA BAY ECONOMIC PROSPERITY FOUNDATION RECEIVED SEVERAL MAJOR GIFTS FROM NEW DONORS INCLUDING THE MOSAIC COMPANY, TRUIST, AND GOOGLE, AS WELL AS ADDITIONAL SUPPORT FROM HILLSBOROUGH COMMUNITY COLLEGE. THESE GIFTS HAVE ALLOWED US TO ACCELERATE OUR CAMPAIGN DEPLOYMENT AND FUELED MOMENTUM FOR OUR REDEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ken Atwater PHD Chair | OfficerTrustee | 1 | $0 |
Colleen Chappell Vice-Chair | OfficerTrustee | 1 | $0 |
Patty Hamilton Secretary/treasurer | OfficerTrustee | 1 | $0 |
Nathaniel Doliner Director | Trustee | 1 | $0 |
Felicia Harvey Director | Trustee | 1 | $0 |
Craig Richard President/ceo | Officer | 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 | $350,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,880 |
| 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 | $350,880 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,340 |
| Advertising and promotion | $1,867 |
| Office expenses | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $397,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,532 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $972,532 |
| 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 | $24,682 |
| Total liabilities | $24,682 |
| Net assets without donor restrictions | $458,077 |
| Net assets with donor restrictions | $489,773 |
| 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 | $972,532 |