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Nonprofiteer
← TAMPA BAY INNOVATION HUB INC

Form 990 for tax year 2022

Filed by TAMPA BAY INNOVATION HUB INC.

Totals

Total revenue
$4,280,835
Total expenses
$3,743,536
Contributions and grants received
$3,571,164
Grants paid
$0
Program service revenue
$677,788
Investment income
$26,668
Other revenue
$5,215
Total assets, end of year
$19,996,780
Total liabilities, end of year
$14,760,135
Net assets or fund balances, end of year
$5,236,645
Program services expenses (Part IX)
$2,735,564
Management and general expenses
$627,031
Fundraising expenses
$380,941
Program service expenses (Part III)
$2,735,564

Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $231,797

  • 1e · Government grants (contributions)

    $873,885

  • 1f · All other contributions, gifts and grants

    $2,465,482

  • 1g · Noncash contributions included above

    $147,060

  • 2a · Program service revenue: TENANT REVENUE

    total $609,040 · related or exempt $609,040

  • 2b · Program service revenue: EVENT REVENUE

    total $62,688 · related or exempt $62,688

  • 2c · Program service revenue: OTHER REVENUE

    total $6,060 · related or exempt $6,060

  • 3 · Investment income

    total $26,668 · excluded $26,668

  • 6a · Gross rents

    personal property $8,769

  • 6b · Less rental expenses

    personal property $3,554

  • 6c · Rental income or loss

    personal property $5,215

  • 6d · Net rental income or loss

    total $5,215 · unrelated business $5,215

  • 7a · Gross sales of assets other than inventory

    securities $752,488

  • 7b · Less cost or other basis and sales expenses

    securities $752,488

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $413,753 · program services $364,102 · management and general $20,688 · fundraising $28,963

  • 7 · Other salaries and wages

    total $569,435 · program services $123,436 · management and general $406,138 · fundraising $39,861

  • 8 · Pension plan contributions

    total $24,594 · program services $21,642 · management and general $1,230 · fundraising $1,722

  • 9 · Other employee benefits

    total $53,046 · program services $46,681 · management and general $2,652 · fundraising $3,713

  • 10 · Payroll taxes

    total $60,351 · program services $53,108 · management and general $3,018 · fundraising $4,225

  • 11b · Fees: legal

    total $28,154 · program services $25,940 · management and general $2,214

  • 11c · Fees: accounting

    total $20,560 · program services $1,940 · management and general $18,620

  • 11g · Fees: other

    total $453,655 · program services $432,889 · management and general $18,393 · fundraising $2,373

  • 13 · Office expenses

    total $260,207 · program services $252,842 · management and general $7,287 · fundraising $78

  • 16 · Occupancy

    total $401,818 · program services $380,578 · management and general $21,240

  • 17 · Travel

    total $53,315 · program services $51,942 · management and general $1,373

  • 20 · Interest

    total $289,479 · program services $205,652 · management and general $63,563 · fundraising $20,264

  • 22 · Depreciation, depletion and amortization

    total $776,581 · program services $691,157 · management and general $31,063 · fundraising $54,361

  • 23 · Insurance

    total $53,060 · program services $38,656 · management and general $10,690 · fundraising $3,714

  • 24a · Other expenses: EVENTS AND COMMUNITY DE

    total $216,391 · fundraising $216,391

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,871 · program services $2,357 · management and general $514

  • 24e · All other expenses

    total $66,266 · program services $42,642 · management and general $18,348 · fundraising $5,276

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,717 · end of year $456,717

  • 2 · Savings and temporary cash investments

    beginning of year $726,921 · end of year $353,087

  • 3 · Pledges and grants receivable

    beginning of year $1,766,960 · end of year $3,188,589

  • 4 · Accounts receivable

    beginning of year $11,239 · end of year $1,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,062 · end of year $14,328

  • 10a · Land, buildings and equipment: cost or other basis

    $16,263,830

  • 10b · Land, buildings and equipment: accumulated depreciation

    $283,578

  • 10c · Land, buildings and equipment, net

    beginning of year $7,769,742 · end of year $15,980,252

  • 12 · Investments: other securities

    beginning of year $31,950

  • 15 · Other assets

    beginning of year $1,492,549 · end of year $2,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,527 · end of year $415,095

  • 19 · Deferred revenue

    beginning of year $155,599 · end of year $91,684

  • 22 · Loans and payables to officers and key people

    beginning of year $750,000 · end of year $14,150,000

  • 25 · Other liabilities

    beginning of year $6,333,668 · end of year $103,356

  • 27 · Net assets without donor restrictions

    beginning of year $2,932,386 · end of year $2,921,941

  • 28 · Net assets with donor restrictions

    beginning of year $1,766,960 · end of year $2,314,704

Mission and programs · 2022

Mission

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

  • PROVIDING SHARED OFFICE SPACE AND OTHER SERVICES AND SUPPORT TO ENTREPRENEURS AND STARTUP (FACILITIES, EQUIPMENT, RENT, UTILITIES, SUPPLIES).

    Expenses $1,033,245 · Revenue $609,040

  • MEMBERSHIP-DIRECTED EDUCATION, TRAINING, AND COACHING.

    Expenses $486,383

  • COMMUNITY DEVELOPMENT EVENTS, INCLUDING EDUCATION AND TRAINING FOR ENTREPRENEURS AND EMPLOYEES OF STARTUP COMPANIES IN THE TAMPA BAY REGION AND UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS IN THE TAMPA BAY REGION. INCLUDING INITIATIVES WITH/FOR GOVERNMENT AND COLLEGE & UNIVERSITIES AND CORPORATE PARTNERSHIPS.

    Expenses $340,817 · Revenue $62,688

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

    Expenses $875,119 · Revenue $6,060

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lisa Czachor

    TREASURER 6/30/22 - PRESENT

    Total calculated
    $0
    Hours/week
    4

  • Jim O'Connell

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Brian Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Vinik

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dave Felman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lakshmi Shenoy

    DIRECTOR, CEO

    Total calculated
    $277,392
    From this org
    $245,939
    From related orgs
    $0
    Other
    $31,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,939
    Bonus
    $0
    Other
    $0
    Deferred
    $7,654
    Nontaxable benefits
    $23,799
    Filer's total
    $277,392

  • Alex Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Shields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Kuhn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca White PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Kuhn

    BOARD OBSERVER

    Total calculated
    $0
    Hours/week
    1

  • Ben Pratt

    BOARD OBSERVER

    Total calculated
    $0
    Hours/week
    1

  • Martin Hammock

    TREASURER 1/1/22 - 6/30/22

    Total calculated
    $0
    Hours/week
    1

  • Allison Felix

    VP PLATFORM

    Total calculated
    $136,361
    From this org
    $112,274
    From related orgs
    $0
    Other
    $24,087
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
5 September 2023
IRS schema version
2022v5.0
Source object
202312499349300326

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