Soaring City P Inc
- Assets
- $251.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Tampa, FL
- Founding
- Data as of
- 12/2022
- EIN
- 87-1877343
Organization Overview
Soaring City P Inc is located in Tampa, FL. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Soaring City P Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soaring City P Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOARING CITY P INC IS A 501C3 NON-PROFIT FOCUSED ON DEVELOPING AN INNOVATION ECOSYSTEM THAT SEEDS PROSPERITY THROUGHOUT ITS COMMUNITY STARTING WITH TAMPA'S UPTOWN INNOVATION QUARTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PROGRAMING EVENTS AND SPACE TO ENGAGE THE RESIDENTS IN THE UPTOWN TAMPA DISTRICT IN A PRODUCTIVE AND EQUAL RELATIONSHIP.
OUR PROGRAM OFFERS MENTORSHIP FUNDING OFFICE SPACE AND DEVELOPMENT SUPPORT TO EARLY-STAGE COMPANIES LED BY UNDERSERVED FOUNDERS WHILE FOSTERING INNOVATION AND ENTREPRENEURSHIP IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhea Law Director | Trustee | 4 | $0 |
Merritt Martin Director | Trustee | 4 | $0 |
Bruce Bergherm Director | Trustee | 4 | $0 |
Rick Bridoff Director | Trustee | 4 | $0 |
Chris Bowen Director | OfficerTrustee | 5 | $0 |
Joshua Baumgartner Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $380,441 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $770,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,441 |
| Total Program Service Revenue | $10,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,171 |
| Net Gain/Loss on Asset Sales | -$26,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,139,986 |
| 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 | $239,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,613 |
| Payroll taxes | $18,662 |
| Fees for services: Management | $328,034 |
| Fees for services: Legal | $4,468 |
| Fees for services: Accounting | $33,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,451 |
| Fees for services: Other | $114,117 |
| Advertising and promotion | $99,951 |
| Office expenses | $34,337 |
| Information technology | $12,058 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,044 |
| All other expenses | $0 |
| Total functional expenses | $931,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,977 |
| Savings and temporary cash investments | $77,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,300 |
| 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 | $251,927 |
| Accounts payable and accrued expenses | $20,870 |
| Grants payable | $99,000 |
| 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 | $119,870 |
| Net assets without donor restrictions | $132,057 |
| 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 | $251,927 |