Tampa Bay Wave Inc
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Tampa, FL
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 27-4779851
Organization Overview
Tampa Bay Wave Inc is located in Tampa, FL. The organization was established in 2012. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tampa Bay Wave Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Wave 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 12/2021, Tampa Bay Wave Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE OPPORTUNITY & PROSPERITY IN TAMPA BAY BY HELPING ENTREPRENEURS BUILD, LAUNCH, AND GROW BREAKOUT TECH COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
90-DAY ACCELERATOR THE 90-DAY ACCELERATOR PROGRAMS PROVIDE A DEDICATED EXECUTIVE COACH, STRUCTURED PROGRAMMING, INTENSIVE MENTOR FROM INDUSTRY EXPERTS, STRATEGIC INTRODUCTIONS AND PREPARATION FOR INVESTOR MEETINGS WHICH ULTIMATELY CULMINATE IN A DEMO DAY.
CORE MEMBERSHIP PROGRAM CORE SUPPORTS BOTH ALUMNI OF THE 90-DAY ACCELERATOR PROGRAMS PLUS OTHER STARTUPS WHO VALUE AFFILIATION WITH THE ORGANIZATION AND ARE DEDICATED TO SCALING AND ACHIEVING HIGH GROWTH. CORE MEMBERSHIP ALLOWS STARTUPS TO JOIN A COMMUNITY OF PEER ENTREPRENEURS AND HAVE YEAR-ROUND ACCESS TO MENTORSHIP, NETWORKING, AND OTHER CURATED PERKS.
COLLABORATIVE INNOVATION HUB THE COLLABORATIVE INNOVATION HUB PROVIDES FLEX OFFICE SPACE TO STARTUPS, ALONG WITH USE OF CONFERENCE ROOMS, THE CONTENT RECORDING STUDIO, AND OTHER BENEFITS. THE COLLABORATIVE INNOVATION HUB ALSO HELPS THE ORGANIZATION HARNESS THE POWER OF COMMUNITY TO PROVIDE ADDITIONAL SUPPORT TO THE STARTUPS IN OTHER PROGRAMS INCLUDING THE ORGANIZATIONS MENTOR NETWORK, INVESTOR NETWORK, AND OTHER PARTNERS IN BUSINESS MEDIA, ACADEMIA, AND MORE.
90-DAY ACCELERATOR THE 90-DAY ACCELERATOR PROGRAMS PROVIDE A DEDICATED EXECUTIVE COACH, STRUCTURED PROGRAMMING, INTENSIVE MENTOR FROM INDUSTRY EXPERTS, STRATEGIC INTRODUCTIONS AND PREPARATION FOR INVESTOR MEETINGS WHICH ULTIMATELY CULMINATE IN A DEMO DAY.
CORE MEMBERSHIP PROGRAM CORE SUPPORTS BOTH ALUMNI OF THE 90-DAY ACCELERATOR PROGRAMS PLUS OTHER STARTUPS WHO VALUE AFFILIATION WITH THE ORGANIZATION AND ARE DEDICATED TO SCALING AND ACHIEVING HIGH GROWTH. CORE MEMBERSHIP ALLOWS STARTUPS TO JOIN A COMMUNITY OF PEER ENTREPRENEURS AND HAVE YEAR-ROUND ACCESS TO MENTORSHIP, NETWORKING, AND OTHER CURATED PERKS.
COLLABORATIVE INNOVATION HUB THE COLLABORATIVE INNOVATION HUB PROVIDES FLEX OFFICE SPACE TO STARTUPS, ALONG WITH USE OF CONFERENCE ROOMS, THE CONTENT RECORDING STUDIO, AND OTHER BENEFITS. THE COLLABORATIVE INNOVATION HUB ALSO HELPS THE ORGANIZATION HARNESS THE POWER OF COMMUNITY TO PROVIDE ADDITIONAL SUPPORT TO THE STARTUPS IN OTHER PROGRAMS INCLUDING THE ORGANIZATIONS MENTOR NETWORK, INVESTOR NETWORK, AND OTHER PARTNERS IN BUSINESS MEDIA, ACADEMIA, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Olson President | OfficerTrustee | 40 | $106,418 |
Lou Prida Treasurer | OfficerTrustee | 1 | $0 |
Madeline Dent Secretary | OfficerTrustee | 1 | $0 |
Alfred Goldberg Vice Preside | OfficerTrustee | 1 | $0 |
David Eason Director | Trustee | 1 | $0 |
Lance Raab Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $395,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,484,845 |
| Total Program Service Revenue | $140,199 |
| 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 | $1,625,044 |
| 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. | $106,418 |
| Compensation of current officers, directors, key employees. | $106,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,517 |
| Payroll taxes | $38,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,496 |
| Advertising and promotion | $150,783 |
| Office expenses | $61,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,589 |
| Travel | $23,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,424 |
| Insurance | $9,246 |
| All other expenses | $0 |
| Total functional expenses | $1,495,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,130 |
| 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 | $9,135 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,124 |
| Total assets | $1,054,674 |
| Accounts payable and accrued expenses | $121,970 |
| 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 | $156,508 |
| Other liabilities | $0 |
| Total liabilities | $278,478 |
| Net assets without donor restrictions | $287,696 |
| Net assets with donor restrictions | $488,500 |
| 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 | $1,054,674 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Tampa Bay Wave Inc has recieved totaling $709,537.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $250,000 |
Nielsen Foundation Inc Stamford, CT PURPOSE: TECHDIVERSITY ACCELERATOR COHORT POWERED BY NIELSEN FOUNDATION | $222,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Florida Business Development Corporation Tampa, FL PURPOSE: ECONOMIC DEVELOPMENT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Business Development Corporation Tampa, FL | $33,289,618 | $11,353,738 |
Florida First Capital Finance Corporation Inc Tallahassee, FL | $141,828,731 | $12,402,139 |
Black Business Investments Fund Inc Orlando, FL | $36,658,367 | $11,605,292 |
Innovation Depot Inc Birmingham, AL | $15,832,125 | $3,165,143 |
Hispanic Business Initiative Fund Of Florida Inc Orlando, FL | $4,121,804 | $3,822,531 |
Tampa Bay Wave Inc Tampa, FL | $1,054,674 | $1,625,044 |
The Southern Development Council Inc Mountain Brook, AL | $5,076,770 | $1,106,394 |
The Catalyst Center For Business & Entrepreneurship Huntsville, AL | $634,732 | $1,362,873 |
Curiosity Lab At Peachtree Corners Inc Peachtree Corners, GA | $759,235 | $737,622 |
Beaver Street Enterprise Center Inc Jacksonville, FL | $195,250 | $407,360 |
Birmingham Business Resource Center Inc Birmingham, AL | $2,142,207 | $111,250 |
Marietta Welcome Center Inc Marietta, GA | $323,025 | $326,253 |