Bay Area Chamber Foundation Inc
- Assets
- $152.7k
- Revenue
- $320.7k
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 76-0848045
Organization Overview
Bay Area Chamber Foundation Inc is located in St Petersburg, FL. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Chamber Foundation 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, Bay Area Chamber Foundation Inc generated $320.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $226.4k during the year ending 12/2023. While expenses have increased by 16.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AND SUPPORT THE ST. PETERSBURG AREA CHAMBER OF COMMERCE'SEDUCATIONAL AND CHARITABLE PROGRAMS FOCUSING ON BUSINESS AND COMMUNITYDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP ST. PETE CLASS COMMUNITY PROJECT IS A CIVIC-ENGAGEMENT, COMMUNITY SERVICE PROJECT THAT IS COMPLETED DURING THE TERM OF THE PROGRAM. THE 2023 COMMUNITY PROJECT CONVERTED FORMER PRESCHOOL CLASSROOMS INTO COLLABORATIVE SPACES FOR NONPROFIT LEADERS AND CHANGE-MAKERS. THE ROOMS WERE TRANSFORMED INTO A FLEXIBLE AND TECHNOLOGY-SUPPORTED SPACES THAT NONPROFITS CAN USE TO HOST MEETINGS, WORKSHOPS, AND EVENTS.
OTHER PROGRAM SERVICES INCLUDED SUPPORT TOWARD DEI LUNCH & LEARN, SUPPORT TOWARD ONLINE PLATFORM ONE PINELLAS - A COUNTY ONLINE PLATFORM FOR ENTREPRENEURS TO FIND THEIR NEXT STEPS TO GROW AND SOUTHWEST FLORIDA HURRICANE RESILIENCY TOUR "WHERE WE HEARD FROM CHAMBER REPRESENTATIVES, ELECTED OFFICIALS, ECONOMIC DEVELOPMENT AND CITY ZONING PROFESSIONALS AND BROUGHT BACK "LESSONS LEARNED" FOR OUR COMMUNITY.
LEADERSHIP ALLIANCE BRINGS TOGETHER COMMUNITY LEADERS TO ENSURE ALIGNMENT WITH THE CITY OF ST. PETE'S PILLARS OF PROGRESS. THIS INITIATIVE SUCCEEDING THE GROW SMARTER INITIATIVE IMPLEMENTED IN 2015 THAT PARTNERSHIP BETWEEN THE CHAMBER AND LOCAL LEADERS LED TO THE ST. PETERSBURG ECONOMIC DEVELOPMENT COUNCIL'S (EDC) CREATION, THE INNOVATION DISTRICT'S FORMATION AND THE ST. PETE GREENHOUSE'S DEVELOPMENT.
THINKING OUTSIDE THE BURG TRIP BROUGHT BUSINESSES, GOVERNMENT, AND CIVIC LEADERS TOGETHER TO LEARN FROM ANOTHER MARKET THAT IS LEADING THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. ATTENDEES LEARNED MORE ABOUT OUR CURRENT LOCAL POLICY ISSUES AND BENCHMARKED THE COMMUNITY AUSTIN, TX THAT HAS SEEN RAPID GROWTH AND DEVELOPMENT AGAINST OURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Sandra Braham Past Chair | Trustee | 1 | $0 |
Jason Jenson Chair | Trustee | 1 | $0 |
Jason Spears Chair-Elect | Trustee | 1 | $0 |
Brooks Wallington Vice Chair | Trustee | 1 | $0 |
Ryan Quinty Vice Chair | Trustee | 1 | $0 |
Todd Gehrke Vice Chair | Trustee | 1 | $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 | $221,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,747 |
| Total Program Service Revenue | $98,905 |
| 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 | $320,652 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,263 |
| Advertising and promotion | $0 |
| Office expenses | $652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,327 |
| Interest | $0 |
| Payments to affiliates | $74,454 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $226,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $50,472 |
| Total assets | $152,671 |
| Accounts payable and accrued expenses | $16,924 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $31,924 |
| Net assets without donor restrictions | $120,747 |
| 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 | $152,671 |
Grants Awarded
Over the last fiscal year, Bay Area Chamber Foundation Inc has awarded $148,638 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF TAMPA BAY INC PURPOSE: MICRO GRANT | $25,000 |
ST PETERSBURG ARTS ALLIANCE PURPOSE: COVID-19 CONTRIBUTION FOR SOFTWARE PURCHASES, ENHANCED TECHNOLOGY, STAFF TIME AND COLLATERAL MATERIALS | $8,000 |
GOZONE WIFI LLC PURPOSE: 8 X FL DEUCES DISTRICT WIFI ANNUAL SPONSORSHIP | $8,000 |
ST PETERSBURG WAREHOUSE ARTS DISTRICT ASSOCIATION PURPOSE: COVID 19 CONTRIBUTION FOR SUPPORT, COORDINATION, STAFF TIME AND SPACE FOR RESOURCE & RESILIENCY HUB ACTIVITIES | $10,000 |
ST PETERSBURG COLLEGE FOUNDATION INC PURPOSE: COVID 19 CONTRIBUTION FOR GROW SMARTER ANNUAL SCHOLARHIP AND GROW SMARTER ENDOWED SCHOLARSHIP | $50,000 |
WESTCARE GULFCOAST FLORIDA INC PURPOSE: CONTRIBUTION FOR THE RENOVATION OF WESTCARE'S MUSTARD SEED INN | $47,638 |