Tampa Bay Innovation Hub Inc

Organization Overview

Tampa Bay Innovation Hub Inc, operating under the name Embarc Collective Tampa Bay, is located in Tampa, FL. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embarc Collective Tampa Bay 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 12/2020, Embarc Collective Tampa Bay generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2020. While expenses have increased by 56.8% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TAMPA BAY INNOVATION HUB, DBA EMBARC COLLECTIVE, HELPS TAMPA BAY'S STARTUP TALENT BUILD BOLD, SCALABLE, THRIVING COMPANIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING SHARED OFFICE SPACE AND OTHER SERVICES AND SUPPORT TO ENTREPRENEURS AND STARTUPS.


PROVIDING EDUCATION AND TRAINING TO ENTREPRENEURS, EMPLOYEES OF STARTUP COMPANIES, AND UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS IN THE TAMPA BAY REGION.


HELPING STARTUPS ACCESS CAPITAL TO EXPAND THEIR BUSINESS. MEMBERSHIP-DIRECTED COMMUNITY DEVELOPMENT (COMMUNITY-BUILDING EVENTS AND ACTIVITIES).


CONDUCTING ACTIVITIES TO ATTRACT PROMISING JOB CREATING STARTUPS TO THE TAMPA BAY AREA, POSSIBLY INCLUDING AWARDING GRANTS TO STARTUPS WILLING TO RELOCATE; CONDUCTING RESEARCH ON SUCCESSFUL STARTUPS; WORKING WITH COLLEGES AND UNIVERSITIES TO EDUCATE STUDENT AND FACULTY ENTREPRENEURS; WORKING WITH GOVERNMENT, BOTH AT THE LOCAL AND STATE LEVEL, TO SUPPORT PUBLIC POLICY EFFORTS TO FOSTER AN ENTREPRENEURSHIP ECOSYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Lakshmi Shenoy
Director, CEO
$360,990
Allison Felix
VP Platform
$131,812
Brian Murphy
Chair
$0
Martin Hammock
Treasurer
$0
Jim O'connell
Secretary
$0
Jeff Vinik
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trinet Group Inc
Employee Leasing/health Ins
$840,586
Tbep Facilities Llc
Facility Manager, Daily Staffings
$583,291
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$4,202,044
Investment income $14,145
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,231
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 $4,568,115

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Tampa Bay Innovation Hub Inc has recieved totaling $200,033.

Awarding OrganizationAmount
Florida Business Development Corporation

Tampa, FL

PURPOSE: ECONOMIC DEVELOPMENT

$100,000
Vinik Family Foundation

Tampa, FL

PURPOSE: GENERAL SUPPORT

$100,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

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