Overview
What is Community Foundation Of Tampa Bay Inc?
Community Foundation of Tampa Bay Inc is a charitable organization based in Tampa, Florida, whose primary mission revolves around administering endowments and donor-advised funds. Contributions received by the foundation are solely dedicated to grant-making efforts, primarily benefiting religious, charitable, scientific, literary, and educational causes in the Tampa Bay community. Inspiring and fostering philanthropy and civic leadership for maximum local impact is the organization's core mission. With a team of 29 employees, the Community Foundation of Tampa Bay plays a pivotal role in enriching and uplifting the Tampa Bay area.
Official website here: www.cftampabay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Community Foundation Of Tampa Bay Inc has achieved a top rating of 100%, reflecting its strong accountability and financial health. This rating is based entirely on its Accountability & Finance metrics, which demonstrate a commitment to transparency and responsible management of funds. The organization boasts a fully independent board and has met all critical financial oversight standards.
Strengths include a high program expense ratio of 89.39%, indicating that a significant portion of resources is directed toward its mission rather than administrative costs. Additionally, the foundation exhibits exceptional fundraising efficiency, with only $0.01 spent to raise each dollar. This highlights effective financial stewardship and indicates a well-organized operational structure.
There are no noted limitations in the available data, as the organization has successfully adhered to policies regarding conflict of interest, whistleblower protections, and board governance. Overall, the Community Foundation Of Tampa Bay Inc stands out as a model of integrity and efficiency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Foundation Of Tampa Bay Inc?
94% of 25 reviewers on Facebook recommend the Community Foundation of Tampa Bay. Here is a summary of their reviews:
Many users express deep appreciation for the impactful role the foundation plays in supporting local organizations and initiatives. A noteworthy mention is from Big Cat Rescue, highlighting their gratitude for the foundation's assistance during the "Give Day Tampa Bay" campaign, which successfully raised over $108,000 for wildlife care.
Overall, people feel positive about the Community Foundation, recognizing its commitment to driving community support and development. The foundation's efforts appear to resonate well, fostering a strong sense of trust and admiration among local organizations and community members alike.
This AI summary has been generated from reviews found on Facebook.
Is Community Foundation Of Tampa Bay Inc legitimate?
Community Foundation Of Tampa Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Tampa Bay 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: $522,744
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,543,127
For more financial information, click here
Official website here: www.cftampabay.org
What is the mission statement of Community Foundation Of Tampa Bay Inc?
The Community Foundation of Tampa Bay Inc is dedicated to inspiring and fostering philanthropy and civic leadership for maximum impact in local communities. Their primary mission involves administering endowments and donor advised funds. Through this work, they receive contributions for grants, primarily intended for religious, charitable, scientific, literary, or educational purposes, primarily benefiting the community. The foundation's grants aim to make a significant difference across various sectors, enhancing the overall well-being and development of the community.
Official website here: www.cftampabay.org
Who is the CEO of Community Foundation Of Tampa Bay Inc?
Marlene M Spalten is the President/Ceo of Community Foundation Of Tampa Bay Inc. The CEO's salary of Community Foundation Of Tampa Bay Inc is $310,937 and their total compensation is $360,000.
Official website here: www.cftampabay.org
What is the revenue of Community Foundation Of Tampa Bay Inc?
Community Foundation Of Tampa Bay Inc's revenue in 2022 was $263,193,049.
Official website here: www.cftampabay.org
Who are the executives of Community Foundation Of Tampa Bay Inc and what are their salaries?
The average compensation at Community Foundation Of Tampa Bay Inc during 2022 was $71,237. There are 29 employees and 80 volunteers at Community Foundation Of Tampa Bay Inc.
Here are 25 key members and their salaries (Community Foundation Of Tampa Bay Inc's CEO's salary is $310,937 and their total compensation is $360,000):
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- Compensation: $310,937
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- Compensation: $108,152
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- Other: $8,609
Official website here: www.cftampabay.org
Where can I find the form 990 for Community Foundation Of Tampa Bay Inc?
Community Foundation Of Tampa Bay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cftampabay.org
Learn more at the official website: www.cftampabay.org
Mission Statement of Community Foundation Of Tampa Bay Inc
Community Foundation of Tampa Bay Inc is a philanthropic organization with a mission to inspire and foster growth in local communities through the cultivation of philanthropy and civic leadership. The foundation's primary objective is to administer endowments and donor-advised funds, with the sole purpose of granting funds for religious, charitable, scientific, literary, or educational purposes, primarily benefiting the Tampa Bay community.
With a commitment to enhancing the local community, the Community Foundation of Tampa Bay Inc works towards maximizing the impact of charitable giving. By receiving contributions designated for grantmaking, the foundation plays a vital role in shaping the future of the Tampa Bay area. The grants issued by the foundation serve a multitude of purposes, including but not limited to, enriching education, promoting scientific research, and supporting charitable initiatives, all to create a positive and lasting impact on the community.
The foundation's role extends beyond mere grantmaking as it inspires and encourages civic leadership. It serves as a catalyst for change, bringing together various stakeholders, including donors, nonprofits, and community leaders, to collaborate on projects and initiatives that address the unique needs of the Tampa Bay area. By fostering a culture of giving and civic engagement, the Community Foundation of Tampa Bay Inc plays an integral role in strengthening the community and shaping its future.
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Impact
October, 2024
The Community Foundation of Tampa Bay Inc plays a vital role in enhancing the quality of life in local communities by inspiring philanthropy and fostering civic leadership. Its primary focus is to administer endowments and donor-advised funds, facilitating significant contributions that support various causes, including religious, charitable, scientific, literary, and educational initiatives.
By channeling resources into grants for organizations, the foundation directly impacts the Tampa Bay area, empowering local entities to address pressing community needs and enhance overall well-being. This strategic approach not only maximizes the impact of financial contributions but also builds a culture of giving that strengthens community ties and collaboration. Through its efforts, the foundation cultivates a robust philanthropic ecosystem that benefits residents and nurtures the region's growth and resilience.
This information is meant to be a general summary of Community Foundation Of Tampa Bay 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: $17,167,528
- Program Service Revenue: $488,168
- Gross Receipts: $281,848,450
Assets and Liabilities:
- Total Assets: $499,126,043
- Total Liabilities: $55,832,104
- Net Assets: $443,293,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES - AGENCY FUND
Revenue
$435,805
PROGRAM REGISTRATION FEES
Revenue
$52,363
Organization Details
Founding Year
1989
Phone
(813) 282-1975Principal Officer
Marlene M Spalten
Main Address
4300 W CYPRESS ST 700, TAMPA, FL, 33607
Website
www.cftampabay.orgNTEE Category
Code: T31 - Philanthropy
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