Community Foundation Of Tampa Bay Inc
- Assets
- $288.0m
- Revenue
- $39.3m
- Investments
- $32.3m
- Employees
- 26
- Location
- Tampa, FL
- Founding
- 05/1990
- Data as of
- 06/2020
- EIN
- 59-3001853
Organization Overview
Community Foundation Of Tampa Bay Inc is located in Tampa, FL. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Community Foundation Of Tampa Bay Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation 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 06/2020, Community Foundation Of Tampa Bay Inc generated $39.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $24.1m during the year ending 06/2020. While expenses have increased by 7.5% per year over the past 6 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.
Since 2015, Community Foundation Of Tampa Bay Inc has awarded 2,953 individual grants totaling $130,845,339. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE CONNECTING RESOURCE FOR CHARITABLE GIVING FOR BOTH DONORS AND NONPROFIT ORGANIZATIONS IN THE TAMPA BAY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONSTHE FOUNDATION'S PRIMARY PROGRAM IS TO ADMINISTER ENDOWMENTS AND DONOR ADVISED FUNDS. TO ACCOMPLISH THIS, THE FOUNDATION RECEIVES CONTRIBUTIONS TO BE USED EXCLUSIVELY FOR GRANTS FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN, AND FOR THE BENEFIT OF, THE COMMUNITY OF TAMPA BAY.
HILLSBOROUGH SAFETY NET PROGRAMTO ENSURE QUALIFIED NONPROFITS IMPACTED BY THE COVID-19 PANDEMIC RECEIVE THE SUPPORT NEEDED HILLSBOROUGH COUNTY PARTNERED WITH THE FOUNDATION TO LAUNCH AND ADMINSTER AN AMERICAN RESCUE PLAN-FUNDED NONPROFIT SAFETY NET PROGRAM. THE PURPOSE OF THE NONPROFIT SAFETY NET PROGRAM IS TO PROVIDE FINANCIAL SUPPORT TO ELIGIBLE NONPROFIT AGENCIES LOCATED IN HILLSBOROUGH COUNTY THAT ARE PROVIDING CRITICAL SERVICES TO CITIZENS IMPACTED BY COVID-19. THE PROGRAM PROVIDES SUPPORT TO NONPROFITS PROVIDING SERVICES INCLUDING MEDICAL, HOUSING, FOOD, EDUCATION, CHILD CARE, ELDER CARE, AND MENTAL HEALTH.
NONPROFIT NEEDS LISTTO ADDRESS THE IMMEDIATE COVID-19 RELATED NEEDS IN OUR LOCAL COMMUNITY, THE COMMUNITY FOUNDATION OF TAMPA BAY DEVELOPED THE NONPROFIT NEEDS LIST. THE LIST CONSISTS OF RESPONSES FROM A SHORT, SEVEN-ITEM NONPROFIT NEEDS REQUEST FORM THAT WAS CREATED TO SYSTEMATICALLY CATALOG NEEDS RELATED TO THE COMMUNITY FOUNDATION BY NONPROFITS LOCATED IN OUR LOCAL FIVE COUNTY COMMUNITY. THIS WAS DESIGNED AS AN INNOVATIVE WAY TO SHARE SPECIFIC NEEDS WITH OUR FUNDHOLDERS AS WELL AS OTHER PHILANTHROPISTS IN THE TAMPA BAY COMMUNITY IN A VERY TRANSPARENT WAY. THE LIST IS POSTED ON THE COMMUNITY FOUNDATION'S WEBSITE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene M Spalten President/ceo | Officer | 60 | $311,497 |
Sheila Kinman Sr. Vice President | 50 | $197,386 | |
Kory Burkley CFO | Officer | 50 | $143,382 |
Jesse Coraggio VP - Community Impact | 50 | $120,704 | |
Berkely Spain Controller | 50 | $103,081 | |
Robert H Mohr Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boyd Construction Company Construction | 6/29/21 | $250,022 |
Agw Capital Advisors Investment Management | 6/29/21 | $243,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,500,694 |
| Investment income | $4,104,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,000 |
| Net Gain/Loss on Asset Sales | $4,966,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,276,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $909,069 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,090,808 |
| Pension plan accruals and contributions | $84,552 |
| Other employee benefits | $118,170 |
| Payroll taxes | $110,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,274 |
| Fees for services: Accounting | $5,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $553,046 |
| Fees for services: Other | $220,896 |
| Advertising and promotion | $186,693 |
| Office expenses | $33,349 |
| Information technology | $133,840 |
| Royalties | $0 |
| Occupancy | $174,288 |
| Travel | $8,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,979 |
| Insurance | $23,518 |
| All other expenses | $0 |
| Total functional expenses | $24,083,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,972,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,281 |
| 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 | $140,225 |
| Investments—publicly traded securities | $241,072,337 |
| Investments—other securities | $32,315,106 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,165,656 |
| Total assets | $288,002,169 |
| Accounts payable and accrued expenses | $314,638 |
| Grants payable | $1,134,640 |
| Deferred revenue | $97,229 |
| 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 | $274,097 |
| Other liabilities | $44,102,281 |
| Total liabilities | $45,922,885 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $242,079,284 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Tampa Bay Inc has awarded $30,554,142 in support to 566 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: SUPPORT OF MISSION | $1,908,623 |
Trinity, FL PURPOSE: SUPPORT OF MISSION | $615,917 |
Sherman Oaks, CA PURPOSE: SUPPORT OF MISSION | $557,556 |
Hillsdale, MI PURPOSE: SUPPORT OF MISSION | $557,556 |
Arlington Heights, IL PURPOSE: SUPPORT OF MISSION | $520,564 |
Atlanta, GA PURPOSE: SUPPORT OF MISSION | $510,250 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Community Foundation Of Tampa Bay Inc has recieved totaling $601,543.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: PHILANTHROPY/VOLUNTARISM | $310,492 |
Helios Education Foundation Phoenix, AZ PURPOSE: See Part IV | $90,668 |
Borrell Family Foundation Inc Tampa, FL PURPOSE: TONY BORRELL ENDOWED SCHLARSHIP | $75,000 |
United Way Suncoast Inc Tampa, FL PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING | $22,396 |
Kimmins Terrier Foundation Inc Tampa, FL PURPOSE: CONNECTS PEOPLE AND RESOURCES TO INSPIRE CHARITABLE GIVING | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $154,059,791 |
| Earnings | $47,502,699 |
| Admin Expense | $1,805,115 |
| Net Contributions | $13,381,516 |
| Grants | $6,657,540 |
| Ending Balance | $206,481,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |