Current Of Tampa Bay Inc
- Assets
- $5.8k
- Revenue
- $223.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Tampa, FL
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-2833911
Organization Overview
Current Of Tampa Bay Inc is located in Tampa, FL. The organization was established in 2009. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Current Of Tampa Bay Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Current Of Tampa Bay 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 12/2023, Current Of Tampa Bay Inc generated $223.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $236.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. 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
WE EDUCATE COMMUNITIES THROUGH ON-GOING AWARENESS EVENTS, HOSTING LOCAL EVENTS AT BUSINESSES & COMMUNITY CENTERS AND LOCAL CHURCHES ABOUT HUMANITARIAN SOCIAL INITIATIVES. WE MOBILIZE COMMUNITIES THROUGH THREE OUTLETS - LAUNDRY PROJECT, HOPE FOR HOMES & AFFORDABLE CHRISTMAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTS AFFORDABLE CHRISTMAS IS A SHOPPING EVENT FOR LOWER-INCOME, WORKING-CLASS FAMILIES TO PROVIDE THEIR CHILDREN FUN AND EXCITING GIFTS DURING THE HOLIDAY SEASON. FAMILIES ARE INVITED THROUGH PARTNERING COMMUNITY ORGANIZATIONS TO ATTEND THE EVENT AND PURCHASE NEW, UNUSED GIFTS AT 1/10 THE COST OF THE ORIGINAL PRICE. AFFORDABLE CHRISTMAS MAKES IT EASY FOR THOSE FAMILIES WHO MAY BE FINANCIALLY STRUGGLING, TO GIVE THEIR CHILDREN A SPECIAL CHRISTMAS. IN 2023, CURRENT HOSTED 2 AFFORDABLE CHRISTMAS EVENTS AND PROVIDED GIFTS FOR MORE THAN 270 CHILDREN.
THE LAUNDRY PROJECT ASSISTS LOW-INCOME FAMILIES WITH MEETING A BASIC NEED - WASHING CLOTHES AND LINENS. IN 2023, THROUGH THE LAUNDRY PROJECT, CURRENT HELPED 2,920+ FAMILIES AT 83 DIFFERENT PROJECTED ACROSS THE UNITED STATES WITH FREE LAUNDRY SERVICES. MORE THAN 100 VOLUNTEERS WORKED WITH LOWER-INCOME FAMILIES AT LAUNDROMATS TO WASH AN ESTIMATED 31,390 LOADS OF LAUNDRY.
THE HOPE FOR HOMES PROJECT PROVIDES REMODELING AND IMPROVEMENT WORK ON HOMES OWNED BY LOWER-INCOME AND MIDDLE CLASS FAMILIES. IN 2023, CURRENT TOOK A BREAK FROM THIS INITIATVE DUE TO SUPPLY CHAIN INFLATION. CURRENT WILL BEGIN PLANS AND MOBILIZATION ON THE NEXT HOPE FOR HOMES PROJECT TO BE POTENTIALLY COMPLETED FOR A FAMILY IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Massaro Treasurer | Trustee | 5 | $0 |
Anye Cole Vice President | Trustee | 5 | $0 |
Jason Sowell President | Officer | 40 | $19,200 |
Heather Unger Secretary | Trustee | 5 | $0 |
Tracy Thrash Director | Trustee | 5 | $0 |
Nicholas Cox Director | Trustee | 5 | $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 | $223,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,003 |
| 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 | $223,003 |
| 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. | $35,375 |
| Compensation of current officers, directors, key employees. | $31,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,521 |
| Payroll taxes | $2,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,552 |
| Information technology | $8,531 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,041 |
| 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 | $2,713 |
| All other expenses | $2,162 |
| Total functional expenses | $236,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,818 |
| 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 | $5,818 |
| 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 | $5,818 |
| 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 | $5,818 |