Overview
What is Tampa Bay Charities Inc?
Tampa Bay Charities Inc is a volunteer-driven organization, spearheaded by local community leaders, that is committed to supporting the Tampa Bay community and various local charities. Their primary mission involves raising funds and contributing to the community by organizing and hosting the Clearwater Super Boat National Championship Race. In addition, they collaborate closely with the Pinellas County Tourist Development Council, local charities, and donors to further their objectives. The corporation's aim is to provide financial assistance and resources to enhance the wellbeing and prosperity of the Tampa Bay area.
Official website here: www.clearwatersuperboat.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating. This rating indicates that Tampa Bay Charities Inc has significant room for improvement in terms of accountability and finance. The overall score is heavily influenced by the organization's single beacon score, which emphasizes a need for better governance practices.
One notable strength of the charity is its commitment to financial transparency, as evidenced by a high program expense ratio of 94.64%, meaning a substantial portion of funds directly supports its programs. Additionally, the organization has maintained a strong independent board with 100% independent members and has demonstrated no material diversion of assets.
However, several critical limitations are evident. The charity lacks essential governance policies, such as conflict of interest and whistleblower policies, which raises concerns about oversight and accountability. Moreover, the liabilities to assets ratio of 125.35% suggests financial strain, which could impact the organization’s long-term sustainability. These factors contribute to the charity's overall low rating and highlight the need for improvements in governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Charities Inc legitimate?
Tampa Bay Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.clearwatersuperboat.com
What is the mission statement of Tampa Bay Charities Inc?
Tampa Bay Charities Inc, a volunteer organization led by community leaders, is dedicated to supporting the local community. Their primary mission is to raise funds for various charities by organizing and producing the Clearwater Super Boat National Championship Race. In addition to this, they collaborate closely with the Pinellas County Tourist Development Council, local charities, and donors to further their cause. The organization's activities aim to contribute to the betterment of the community and provide financial aid to deserving charities.
Official website here: www.clearwatersuperboat.com
Who is the CEO of Tampa Bay Charities Inc?
Frank R Chivas is the Director of Tampa Bay Charities Inc.
Official website here: www.clearwatersuperboat.com
What is the revenue of Tampa Bay Charities Inc?
Tampa Bay Charities Inc's revenue in 2021 was $143,848.
Official website here: www.clearwatersuperboat.com
Who are the executives of Tampa Bay Charities Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clearwatersuperboat.com
Where can I find the form 990 for Tampa Bay Charities Inc?
Tampa Bay Charities Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.clearwatersuperboat.com
Learn more at the official website: www.clearwatersuperboat.com
Mission Statement of Tampa Bay Charities Inc
Tampa Bay Charities Inc, a volunteer group led by community leaders, is committed to supporting the local community and raising funds for charitable organizations. Their mission is twofold: firstly, they organize and produce the Clearwater Super Boat National Championship Race, attracting a large crowd and generating revenue. Secondly, they collaborate with the Pinellas County Tourist Development Council, local charities, and donors to further their cause, ensuring the proceeds from the race are effectively distributed to benefit the community. By engaging in these activities, Tampa Bay Charities Inc plays a significant role in uplifting the Tampa Bay area and its residents.
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Impact
October, 2024
Tampa Bay Charities Inc plays a vital role in enhancing the Tampa Bay community through its focused efforts on supporting local charities and organizing significant events. The organization harnesses the skills and dedication of community leaders, bringing together resources to raise funds for various charitable causes.
One of its key initiatives is the Clearwater Super Boat National Championship Race, which not only fosters a spirit of camaraderie and competition but also serves as a major fundraising platform. This event attracts participants and spectators, significantly boosting local tourism and economic activity in the area.
Additionally, Tampa Bay Charities collaborates closely with the Pinellas County Tourist Development Council and other local organizations, ensuring that the positive impact of its initiatives stretches further into the community. Through these collaborative efforts, the organization effectively channels support to various local charities, addressing pressing needs and enhancing the quality of life for residents throughout the region.
Ultimately, Tampa Bay Charities Inc stands as a beacon of philanthropy, continuously working to uplift its community and create a lasting, positive change.
This information is meant to be a general summary of Tampa Bay Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $37,548
- Gross Receipts: $143,848
Assets and Liabilities:
- Total Assets: $1,060,712
- Total Liabilities: $1,000,000
- Net Assets: $60,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAIL LIFE CLEARWATER
Revenue
$29,421
CLEARWATER SUPER BOAT RACE
Revenue
$8,127
Organization Details
Founding Year
2009
Phone
(727) 391-4052Principal Officer
Frank R Chivas
Main Address
18395 GULF BLVD SUITE 204, INDIAN SHORES, FL, 33785
Website
www.clearwatersuperboat.comNTEE Category
Code: T30 - Philanthropy
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