Overview
What is Tampa Bay Economic Prosperity Foundation Inc?
Tampa Bay Economic Prosperity Foundation Inc is a charitable organization situated in Tampa, Florida. Their primary mission revolves around conducting research and educating the community about employment opportunities and economic growth within the Tampa Bay area. They focus on identifying skill gaps in the local workforce and barriers to economic development, aiming to enhance economic prosperity for Tampa residents. In 2022, they launched the CertUp Career Awareness Campaign, showcasing short-term training opportunities in high-demand professions like cybersecurity, healthcare, welding, and auto collision repair. The campaign targets residents of East Tampa, Central Park, and Ybor City, guiding them towards certificate and degree programs at Hillsborough Community College that can significantly impact their lives and future economic stability.
Official website here: www.tampabayedc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Tampa Bay Economic Prosperity Foundation Inc has achieved a remarkable 97% score from Charity Navigator, reflecting exemplary accountability and financial health. The rating is based solely on the charity's performance in the accountability and finance beacon, showcasing its commitment to transparency and responsible management of funds.
Strengths highlighted in the evaluation include a fully independent board, with 100% of its members meeting independence criteria. The organization has also demonstrated no material diversion of assets, a strong liability-to-assets ratio of 2.52%, and a high program expense ratio of 97.54%, indicating that nearly all funds are directed towards its programs. Additionally, the charity has well-established governance policies, including those on conflicts of interest and whistleblower protections.
While the data indicates outstanding governance, it is essential to note that the overall score is derived entirely from one beacon, which may limit visibility into other operational aspects. However, the foundation's strong financial practices and accountability measures reflect positively on its ability to operate effectively and prioritize its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Economic Prosperity Foundation Inc legitimate?
Tampa Bay Economic Prosperity Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Economic Prosperity Foundation 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.tampabayedc.com
What is the mission statement of Tampa Bay Economic Prosperity Foundation Inc?
The Tampa Bay Economic Prosperity Foundation Inc's mission involves conducting research and educating the community about factors impacting job creation and economic opportunities. Their primary focus is on examining social welfare issues in the local metropolitan area, particularly those affecting businesses, the unemployed, underemployed, and underserved residents. Through its research, the organization aims to identify skill deficiencies within the local workforce and barriers to economic growth. By understanding these factors, the Foundation aims to contribute to the overall economic prosperity of the community. The research is carried out by paid employees and funded through grants and donations to the organization.
Official website here: www.tampabayedc.com
Who is the CEO of Tampa Bay Economic Prosperity Foundation Inc?
Craig Richard is the CEO of Tampa Bay Economic Prosperity Foundation Inc The CEO's salary of Tampa Bay Economic Prosperity Foundation Inc is $0 and their total compensation is $551,381.
Official website here: www.tampabayedc.com
What is the revenue of Tampa Bay Economic Prosperity Foundation Inc?
Tampa Bay Economic Prosperity Foundation Inc's revenue in 2024 was $75,000.
Official website here: www.tampabayedc.com
Who are the executives of Tampa Bay Economic Prosperity Foundation Inc and what are their salaries?
There 5 volunteers at Tampa Bay Economic Prosperity Foundation Inc.
Here are 6 key members and their salaries (Tampa Bay Economic Prosperity Foundation Inc's CEO's salary is $0 and their total compensation is $551,381):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $492,298
- Other: $59,083
Official website here: www.tampabayedc.com
Where can I find the form 990 for Tampa Bay Economic Prosperity Foundation Inc?
Tampa Bay Economic Prosperity Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tampabayedc.com
Learn more at the official website: www.tampabayedc.com
Mission Statement of Tampa Bay Economic Prosperity Foundation Inc
Tampa Bay Economic Prosperity Foundation Inc is an organization dedicated to conducting research and educating its community about issues that impact job creation and economic opportunity in the Tampa Bay area. Their mission is multifaceted, focusing on understanding the needs of local businesses and industries within Tampa, as well as addressing the challenges faced by unemployed, underemployed, and underserved residents.
By conducting scientific research on a range of social welfare issues, the Foundation aims to identify skill deficiencies within the local workforce and other barriers to economic growth. They examine how certain social factors affect the economic prosperity of Tampa residents. The Foundation's research is funded through grants and donations, and it is carried out by paid employees of the organization.
In essence, Tampa Bay Economic Prosperity Foundation Inc serves as a catalyst for understanding and addressing the complex interplay of economic factors affecting the Tampa Bay community. Their research-based approach allows them to develop targeted solutions and advocate for policies that promote job creation and economic opportunity for all members of the Tampa Bay community.
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Impact
October, 2024
Tampa Bay Economic Prosperity Foundation Inc plays a crucial role in fostering economic growth and job creation within the Tampa Bay community. Through its research initiatives, the organization identifies the needs of local businesses and industries as well as the challenges faced by unemployed, underemployed, and underserved residents.
In FY2022, the foundation made significant strides with its inclusive economic growth initiative. This two-pronged approach emphasizes both career awareness and skills training for residents in areas like East Tampa, Central Park, and Ybor City, while concurrently generating investment opportunities through key catalytic projects aimed at transforming the economic landscape of East Tampa.
A noteworthy component of the initiative is the CERTUP Career Awareness Campaign, launched in September 2022. This campaign effectively highlights short-term training opportunities that lead to lucrative, high-demand professions, including cybersecurity, healthcare, welding, and auto collision repair. By leveraging multiple platforms—such as social media, video advertisements, and billboards—the campaign directly connects residents with educational resources at Hillsborough Community College, paving the way for them to acquire the skills necessary for economic advancement.
The foundation's efforts are focused not only on raising awareness but also on facilitating access to financial aid and application processes, thereby empowering local residents to pursue educational opportunities that can dramatically change their economic prospects. Through its comprehensive research and direct community outreach, Tampa Bay Economic Prosperity Foundation Inc significantly contributes to building a more robust and inclusive economic environment in the Tampa area.
This information is meant to be a general summary of Tampa Bay Economic Prosperity Foundation 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 2024.
- Gross Receipts: $75,000
Assets and Liabilities:
- Total Assets: $1,281,473
- Total Liabilities: $287,384
- Net Assets: $994,089
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Organization Details
Founding Year
2018
Principal Officer
Craig Richard
Website
www.tampabayedc.comNTEE Category
Code: P20 - Human services
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