Overview
What is Tampa Bay Wave Inc?
Tampa Bay Wave Inc, a 501(c)(3) nonprofit situated in downtown Tampa, was established in June 2008 with a vision to empower entrepreneurs. Its mission is to foster an environment that nurtures the growth of thriving tech ventures in the Tampa Bay region. This nonprofit, rooted in the entrepreneurial spirit, is committed to providing assistance to budding entrepreneurs, aiding them in transforming their ideas into successful tech businesses.
Official website here: www.tampabaywave.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Tampa Bay Wave Inc has demonstrated solid performance with an overall score of 83% and a Three-Star rating. The organization excels in Accountability & Finance, achieving a score of 74%, which reflects strong governance practices, including a majority independent board and effective financial oversight. Notably, there are no indications of material asset diversion, and the charity adheres to various best practices, such as having documented conflict of interest and whistleblower policies.
In terms of organizational culture and community engagement, Tampa Bay Wave Inc shines with a perfect score of 100. This includes exceptional feedback collection and usage practices, indicating that the organization actively seeks input from its community and implements changes based on that feedback. Moreover, the charity's commitment to equity strategies further enhances its reputation as a responsive and adaptive organization.
However, the charity's Leadership & Adaptability score, although high at 10%, suggests there may be areas for further development in these domains. The foundational strategies and leadership practices are well-rated, but continued focus on adaptability could help the organization navigate future challenges more effectively. Overall, Tampa Bay Wave Inc is positioned as a trustworthy nonprofit with a strong commitment to community engagement and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Wave Inc legitimate?
Tampa Bay Wave Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Wave 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: $263,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $355,009
For more financial information, click here
Official website here: www.tampabaywave.org
What is the mission statement of Tampa Bay Wave Inc?
Tampa Bay Wave Inc, as a non-profit organization, is dedicated to fostering opportunities and prosperity for entrepreneurs. Its mission is to assist in transforming innovative ideas into flourishing tech ventures. Headquartered anonymously, this organization, founded in 2008, operates with an entrepreneur-centric approach, aiming to support local entrepreneurs in their journey to launch and expand successful tech companies.
Official website here: www.tampabaywave.org
Who is the CEO of Tampa Bay Wave Inc?
Linda Olson is the Vice President of Tampa Bay Wave Inc. The CEO's salary of Tampa Bay Wave Inc is $148,000 and their total compensation is $167,403.
Official website here: www.tampabaywave.org
What is the revenue of Tampa Bay Wave Inc?
Tampa Bay Wave Inc's revenue in 2022 was $1,528,826.
Official website here: www.tampabaywave.org
Who are the executives of Tampa Bay Wave Inc and what are their salaries?
The average compensation at Tampa Bay Wave Inc during 2022 was $68,668. There are 9 employees and 144 volunteers at Tampa Bay Wave Inc.
Here are 28 key members and their salaries (Tampa Bay Wave Inc's CEO's salary is $148,000 and their total compensation is $167,403):
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- Compensation: $115,000
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- Other: $17,409
Official website here: www.tampabaywave.org
Where can I find the form 990 for Tampa Bay Wave Inc?
Tampa Bay Wave Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tampabaywave.org
Learn more at the official website: www.tampabaywave.org
Mission Statement of Tampa Bay Wave Inc
Tampa Bay Wave Inc, a non-profit organization, is dedicated to fostering entrepreneurial growth and prosperity in the tech sector. Established in 2008, this 501(c)(3) entity operates with a mission to assist entrepreneurs in transforming their innovative ideas into successful tech ventures. Acting as a catalyst for change, Tampa Bay Wave Inc provides essential support to these budding businesses, aiming to help them flourish within the Tampa Bay community. The organization's mission is guided by its belief in the power of entrepreneurship to drive opportunity and stimulate economic growth.
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Impact
October, 2024
Tampa Bay Wave Inc significantly impacts the entrepreneurial landscape in the Tampa Bay area by providing essential resources and support to tech entrepreneurs. Through its programs, it fosters an environment where innovative ideas can flourish, leading to the creation of successful tech companies. The organization focuses on driving opportunity and prosperity in the region, helping entrepreneurs navigate the complex journey of building, launching, and growing their businesses.
By connecting entrepreneurs with mentoring, funding, and networking opportunities, Tampa Bay Wave enhances the local economy and promotes job creation. Its emphasis on community improvement ensures that the benefits of entrepreneurship reach a wide audience, ultimately contributing to the overall vibrancy and sustainability of the Tampa Bay tech ecosystem. The work of Tampa Bay Wave not only empowers individual entrepreneurs but also strengthens the community as a whole, making it a vital player in the region's economic development.
This information is meant to be a general summary of Tampa Bay Wave 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 2022.
- Investment Income: $6
- Program Service Revenue: $108,278
- Gross Receipts: $1,528,826
Assets and Liabilities:
- Total Assets: $2,088,301
- Total Liabilities: $1,369,177
- Net Assets: $719,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENTURE CENTER
Revenue
$74,503
CORE MEMBERSHIP
Revenue
$33,775
Organization Details
Founding Year
2011
Phone
(866) 928-3066Principal Officer
Linda Olson
Main Address
501 E KENNEDY BLVD 650, TAMPA, FL, 33602
Website
www.tampabaywave.orgNTEE Category
Code: S43 - Community improvement
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