Star-Tec Enterprises Inc
- Assets
- $1.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- St Petersburg, FL
- Founding
- 08/2011
- Data as of
- 06/2023
- EIN
- 27-2800023
Organization Overview
Star-Tec Enterprises Inc, operating under the name Tampa Bay Innovation Center, is located in St Petersburg, FL. The organization was established in 2011. 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. As of 06/2023, Tampa Bay Innovation Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Innovation Center 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 06/2023, Tampa Bay Innovation Center generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $562.1k during the year ending 06/2023. 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 SERVE AS THE FOCAL POINT OF INNOVATION FOR THE STATE OF FLORIDA AND THE TAMPA BAY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & TRAINING-PRODUCT DISCOVERY MEETUP IS A SPIN-OFF OF THE TAMPA BAY INNOVATION CENTER'S TECH ACCELERATOR PROGRAM, AND IS OPEN TO ANY FOUNDERS CREATING OR GROWING A B2B OR B2G TECHNOLOGY START-UP. THE FOCUS OF THESE SESSIONS IS TO HELP FOUNDERS GET A BETTER GRASP OF PRODUCT DISCOVERY AND GO-TO-MARKET STRATEGIES SO THEY HAVE A BETTER CHANCE OF ESTABLISHING EARLY AND SUSTAINABLE TRACTION WITH THEIR PRODUCTS.STARTUP XCHANGE: A MENTOR PROGRAM FOR ANYONE WITH QUESTIONS OR CONSIDERING A LAUNCHING A NEW COMPANY.CONTINUED ON SCHEDULE OPROGRAMS-ACCELERATOR: THE TBIC ACCELERATOR IS FOCUSED ON PREPARING TECHNOLOGY VENTURES IN HOW TO SCALE A COMPANY. THE PROGRAM PROVIDES 80 PLUS HOURS OF CURRICULUM AND ACCESS TO NUMEROUS MENTORS. FOUR COHORTS HAVE GRADUATED. INVESTMENT DOLLARS RAISED EXCEED $50M.INCUBATOR: BASED ON A BUSINESS CANVAS MODEL, THE INCUBATOR PROGRAM CONSISTS OF AN EIGHT-WEEK PROGRAM TO HELP CREATORS AND TECH STARTUPS LAUNCH THEIR IDEA. THIS PROGRAM HAS MORE THAN 250 GRADUATES SINCE INCEPTION.OFFICE SPACE & CONFERENCE ROOMS- DEDICATED SPACE FOR COWORKING AND OFFICES DESIGNED SPECIFICALLY FOR TECH STARTUPS AND THEIR TEAMS.TBIC RECOGNITION - TAMPA BAY TECHNOLOGY FORUM'S EXCELLENCE IN SERVICE AWARD - 2012INNO ON FIRE HONOREE 2020POWDERKEG TOP-RATED CULTURE AWARD 2020 RECOGNIZING THE CENTER AS HAVING ONE OF THE BEST CULTURES IN TECH BEYOND SILICON VALLEYINNOVATION CENTER GRADUATES WERE AMONG: TAMPA BAY'S 50 FASTEST GROWING COMPANIES 2020INC 5000 2020INNO ON FIRE HONOREES 2020 & 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Elmore President & CEO | OfficerTrustee | 40 | $158,064 |
Chris Paradies President | OfficerTrustee | 0.3 | $3,750 |
Paul Hays Treasurer | OfficerTrustee | 0.4 | $0 |
Rob Kaupusta Secretary | OfficerTrustee | 0.3 | $0 |
Shawn Hughes Director | Trustee | 0.3 | $0 |
Roy Binger Director | Trustee | 0.3 | $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 | $1,223,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,223,550 |
| Total Program Service Revenue | $429,387 |
| 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 | $1,653,097 |
| 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. | $187,641 |
| Compensation of current officers, directors, key employees. | $187,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,496 |
| Pension plan accruals and contributions | $3,654 |
| Other employee benefits | $0 |
| Payroll taxes | $31,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,550 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,824 |
| Advertising and promotion | $3,337 |
| Office expenses | $12,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,887 |
| Travel | $633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,944 |
| All other expenses | $0 |
| Total functional expenses | $562,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,306,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,500 |
| 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 | $1,384,348 |
| Accounts payable and accrued expenses | $8,120 |
| Grants payable | $0 |
| Deferred revenue | $53,878 |
| 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 | $50,362 |
| Total liabilities | $112,360 |
| Net assets without donor restrictions | $195,988 |
| Net assets with donor restrictions | $1,076,000 |
| 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 | $1,384,348 |