TAMPA BAY WAVE INC

EIN: 274779851 501(c)(3) Community Improvement

TAMPA, FL

Total Revenue
$2,553,769
Total Expenses
$2,512,960
Total Assets
$1,548,870
Net Assets
$584,265
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
LINDA OLSON
Phone
8669283066
Tax Period
2024-01-01 to 2024-12-31

TAMPA BAY WAVE INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

HEADQUARTERED IN DOWNTOWN TAMPA, TAMPA BAY WAVE IS A BY ENTREPRENEUR, FOR ENTREPRENEUR 501(C)(3) NON-PROFIT FOUNDED IN FEBRUARY 2011 WITH A MISSION TO HELP ENTREPRENEURS TURN IDEAS INTO THRIVING TECH VENTURES IN TAMPA BAY. THROUGH ITS VARIOUS PROGRAMS AND SERVICES, WAVE CURRENTLY SUPPORTS OVER 120 LOCAL TECH ENTREPRENEURS WHO ARE BUILDING THE TECHNOLOGY-BASED COMPANIES THAT WILL BE THE FOUNDATION FOR ECONOMIC GROWTH IN THE TAMPA BAY REGION. BASED ON ITS 50 & 5 IN 5 VISION STATEMENT, TAMPA BAY WAVE HAS A GOAL TO WORK WITH OVER 200 LOCAL TECH STARTUPS OVER THE NEXT 5 YEARS, HELPING AT LEAST 50 OF THESE STARTUPS FIND EARLY STAGES OF CAPITAL OF AT LEAST $100,000 AND HELPING AT LEAST FIVE OF THOSE COMPANIES GET ON THE PATH TO BREAK-OUT SUCCESS. THIS VISION STATEMENT HAS BECOME THE FOUNDATION OF TAMPA BAY WAVE'S OWN BUILD-LAUNCH-GROW FRAMEWORK THAT IS USED TO DRIVE ALL PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $984,972 Revenue: $52,205

90-DAY ACCELERATOR - THE 90-DAY ACCELERATOR PROGRAMS PROVIDE A DEDICATED EXECUTIVE COACH, STRUCTURED PROGRAMMING, INTENSIVE MENTORING FROM INDUSTRY EXPERTS, STRATEGIC INTRODUCTIONS AND PREPARATION...

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90-DAY ACCELERATOR - THE 90-DAY ACCELERATOR PROGRAMS PROVIDE A DEDICATED EXECUTIVE COACH, STRUCTURED PROGRAMMING, INTENSIVE MENTORING FROM INDUSTRY EXPERTS, STRATEGIC INTRODUCTIONS AND PREPARATION FOR INVESTOR MEETINGS WHICH ULTIMATELY CULMINATE IN A DEMO DAY.

Program 2
Expenses: $407,583

CORE MEMBERSHIP PROGRAM - CORE SUPPORTS BOTH ALUMNI OF THE 90-DAY ACCELERATOR PROGRAMS PLUS OTHER STARTUPS WHO VALUE AFFILIATION WITH THE ORGANIZATION AND ARE DEDICATED TO SCALING AND ACHIEVING HIGH...

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CORE MEMBERSHIP PROGRAM - CORE SUPPORTS BOTH ALUMNI OF THE 90-DAY ACCELERATOR PROGRAMS PLUS OTHER STARTUPS WHO VALUE AFFILIATION WITH THE ORGANIZATION AND ARE DEDICATED TO SCALING AND ACHIEVING HIGH GROWTH. CORE MEMBERSHIP ALLOWS STARTUPS TO JOIN A COMMUNITY OF PEER ENTREPRENUERS AND HAVE YEAR-ROUND ACCESS TO MENTORSHIP, NETWORKING, AND OTHER CURATED PERKS.

Program 3
Expenses: $384,543

SEED PROJECT - THE SEED PROJECT IS AN INVESTIGATION INTO LAUNCHING A SEED FUND TO SUPPORT THE GROWTH AND SUSTAINABILITY OF HIGH-POTENTIAL STARTUPS THAT HAVE PARTICIPATED IN THE ORGANIZATION'S...

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SEED PROJECT - THE SEED PROJECT IS AN INVESTIGATION INTO LAUNCHING A SEED FUND TO SUPPORT THE GROWTH AND SUSTAINABILITY OF HIGH-POTENTIAL STARTUPS THAT HAVE PARTICIPATED IN THE ORGANIZATION'S PROGRAMMING. THE SEED FUND IS INTENDED TO PROVIDE EARLY-STAGE EQUITY INVESTMENTS TO QUALIFIED COMPANIES AND DRIVE ECONOMIC IMPACT BY FOSTERING A THRIVING ENTREPRENEURIAL ECOSYSTEM IN THE TAMPA BAY REGION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,545,015
Program Service Revenue $455
Investment Income $1,320
Other Revenue $6,979
TOTAL REVENUE $2,553,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,371,584
Fundraising Expenses $195,393
Program Expenses $1,777,098
Other Expenses $1,141,376
TOTAL EXPENSES $2,512,960

Year-over-Year Comparison

2024 2023 Change
Revenue $2,553,769 $1,902,546 +0.3%
Expenses $2,512,960 $2,078,214 +0.2%
Net Income $40,809 $-175,668 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
29
Independent Members
28
Employees
13
Volunteers
354

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$164,055
Total Directors
29
$164,055
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA OLSON PRESIDENT/CEO 40.00
Officer Director
$143,000 $21,055 $164,055
SANTO CANNONE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ALFRED GOLDBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MADELINE DENT SECRETARY 1.00
Officer Director
$0 $0 $0
CATHERINE WILHELM TREASURER 1.00
Officer Director
$0 $0 $0
LAUREN WEINER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SMITH DIRECTOR 1.00
Director
$0 $0 $0
DAVID EASON DIRECTOR 1.00
Director
$0 $0 $0
ALEX SINK DIRECTOR 1.00
Director
$0 $0 $0
PENNY PARKS DIRECTOR 1.00
Director
$0 $0 $0
YVETTE SEGURA DIRECTOR 1.00
Director
$0 $0 $0
CHARLOTTE BAKER DIRECTOR 1.00
Director
$0 $0 $0
CATHLEEN RYAN RENEER DIRECTOR 1.00
Director
$0 $0 $0
LANCE RAAB DIRECTOR 1.00
Director
$0 $0 $0
KOSTAS STOILAS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN DEMING DIRECTOR 1.00
Director
$0 $0 $0
MIRAJ PATEL DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS OUTMAN DIRECTOR 1.00
Director
$0 $0 $0
GREG CELESTAN DIRECTOR 1.00
Director
$0 $0 $0
INGA SCHMITZER DIRECTOR 1.00
Director
$0 $0 $0
KATHY CHIU DIRECTOR 1.00
Director
$0 $0 $0
AMANDA MILLIGAN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MODEL DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN SHANAHAN DIRECTOR 1.00
Director
$0 $0 $0
KAILAH MATYAS DIRECTOR 1.00
Director
$0 $0 $0
DIANA HAYES DIRECTOR 1.00
Director
$0 $0 $0
ROB BROWN DIRECTOR 1.00
Director
$0 $0 $0
JACK MURRAY DIRECTOR 1.00
Director
$0 $0 $0
MARCUS ADOLFSSON DIRECTOR 1.00
Director
$0 $0 $0
DOLORES GARCIA DIRECTOR OF DEVELOPMENT 40.00
Highest
$128,600 $21,414 $150,014
RICHARD MUNASSI ACCELERATOR MANAGING DIRECTOR 40.00
Highest
$204,217 $24,380 $228,597
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,553,769 $2,512,960 $1,548,870 $40,809
2023 $1,902,546 $2,078,214 $1,899,329 $-175,668
2022 $1,528,826 $1,585,898 $2,088,301 $-57,072
2021 $1,625,044 $1,495,587 $1,054,674 $129,457
2021 $1,625,044 $1,495,587 $1,054,674 $129,457
2020 $1,233,736 $1,102,194 $1,097,900 $131,542
2019 $1,088,072 $1,039,693 $652,064 $48,379
2018 $1,141,084 $1,083,904 $334,751 $57,180
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