Tampa Bay Economic Prosperity Foundation
- Assets
- $1.3m
- Revenue
- $88.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 05/2019
- Data as of
- 09/2022
- 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 09/2022, Tampa Bay Economic Prosperity Foundation generated $88.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $390.4k during the year ending 09/2022. 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
2022
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
THE TAMPA BAY ECONOMIC PROSPERITY FOUNDATION MADE SIGNIFICANT PROGRESS ON ITS INCLUSIVE ECONOMIC GROWTH INITIATIVE IN FY2022. THIS TWO-PRONGED INITIATIVE IS FOCUSED ON A) PROMOTING CAREER AWARENESS AND SKILLS TRAINING OPPORTUNITIES TO RESIDENTS OF EAST TAMPA, CENTRAL PARK, AND YBOR CITY; AND B) GENERATING INVESTMENT IN EAST TAMPA THROUGH THE DEVELOPMENT OF CATALYTIC PROJECTS THAT WILL RESHAPE THE DISTRICT'S ECONOMIC FUTURE," IN FY2022, THE TAMPA BAY ECONOMIC PROSPERITY FOUNDATION CONDUCTED FOCUS GROUP RESEARCH AND DEVELOPED AND LAUNCHED THE CERTUP CAREER AWARENESS CAMPAIGN. THIS CAMPAIGN SHOWCASES SHORT TERM TRAINING OPPORTUNITIES THAT LEAD TO GOOD PAYING LOCAL, HIGH-DEMAND PROFESSIONS SUCH AS CYBERSECURITY, HEALTHCARE, WELDING, AND AUTO COLLISION REPAIR. LAUNCHED IN SEPTEMBER 2022, THE CAMPAIGN LEVERAGES VIDEO, SOCIAL MEDIA, BILLBOARD, BUS SHELTER, PAID SEARCH, AND STREAMING SERVICE ADVERTISING PLATFORMS TO EDUCATE EAST TAMPA, CENTRAL PARK, AND YBOR CITY RESIDENTS ABOUT CERTIFICATE AND SHORT-TERM DEGREE PROGRAMS AT HILLSBOROUGH COMMUNITY COLLEGE THAT CAN CHANGE THEIR LIVES AND PUT THEM ON THE PATH TOWARD ECONOMIC PROSPERITY. THE CAMPAIGN DIRECTS PEOPLE TO THE CERTUPTAMPA.COM WEB SITE, WHERE THEY CAN LEARN MORE ABOUT FINANCIAL AID DEADLINES, HOW TO APPLY, ETC.
THANKS TO FUNDING SECURED IN LAST YEAR'S CAPITAL CAMPAIGN, THE FOUNDATION WAS ABLE TO HIRE GAI CONSULTANTS TO PRODUCE A MASTER PLAN FOR THE EAST TAMPA INDUSTRIAL DISTRICT. SINCE GAI WAS ENGAGED IN APRIL 2022, THEY HAVE SCOPED OUT THE PROJECT PARTICULARS, MAPPED OUT SITES AND INVENTORIED LOCAL BUSINESSES IN THE PROPOSED DISTRICT; SCHEDULED WORKSHOPS WITH EAST TAMPA SMALL BUSINESS OWNERS, PROPERTY OWNERS, AND CITY OF TAMPA STAFF; AND BEGAN SKETCHING OUT A FRAMEWORK FOR PHYSICAL IMPROVEMENTS TO BE MADE IN THE DISTRICT. THIS FOUNDATIONAL WORK HAS SET THE STAGE FOR THE MASTER PLANNING PROCESS TO PROCEED ON SCHEDULE IN FY2023, WITH PLANS FOR A SMART MANUFACTURING INNOVATION INSTITUTE IN PARTNERSHIP WITH USF AND A MAKERSPACE IN PARTNERSHIP WITH THE BLACK BUSINESS INVESTMENT FUND AS ANCHORS OF THE NEW INDUSTRIAL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Atwater PHD Chair | OfficerTrustee | 1 | $0 |
Colleen Chappell Vice-Chair | OfficerTrustee | 1 | $0 |
Patty Hamilton Secretary/treasurer | OfficerTrustee | 1 | $0 |
Craig Richard President/ceo | Officer | 1 | $0 |
Felicia Harvey Director | Trustee | 1 | $0 |
Nathaniel Doliner Director | 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 | $88,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,309 |
| 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 | $88,309 |
| 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 | $7,412 |
| Advertising and promotion | $0 |
| 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 | $390,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $194,120 |
| 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 | $1,281,473 |
| 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 | $287,384 |
| Total liabilities | $287,384 |
| Net assets without donor restrictions | $452,329 |
| Net assets with donor restrictions | $541,760 |
| 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 | $1,281,473 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tampa Bay Economic Prosperity Foundation has recieved totaling $435,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $250,000 |
Suncoast Credit Union Tampa, FL PURPOSE: TO ASSIST ECONOMICALLY DISTRESSED COMMUNITIES IN HILLSBOROUGH COUNTY | $50,000 |
Regions Foundation Birmingham, AL PURPOSE: GENERAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $25,000 |
Cousins Properties Foundation Inc Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |