COMMUNITY FOUNDATION OF TAMPA BAY INC

EIN: 593001853 501(c)(3) Philanthropy & Grantmaking

TAMPA, FL

Total Revenue
$131,545,267
Total Expenses
$63,272,224
Total Assets
$1,007,515,591
Net Assets
$927,356,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
MARLENE M SPALTEN
Phone
8132821975
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY FOUNDATION OF TAMPA BAY INC, founded in 1989, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $131.5M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68.3M, a strong 52% operating margin.

Mission

INSPIRING AND GROWING PHILANTHROPY AND CIVIC LEADERSHIP FOR MAXIMUM IMPACT IN LOCAL COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $53,110,648 Revenue: $577,378

GRANTS TO ORGANIZATIONSTHE FOUNDATION'S PRIMARY PROGRAM IS THE ADMINISTRATION OF ENDOWMENTS AND DONOR-ADVISED FUNDS. TO ACCOMPLISH THIS WORK, THE FOUNDATION RECEIVES CONTRIBUTIONS TO BE USED...

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GRANTS TO ORGANIZATIONSTHE FOUNDATION'S PRIMARY PROGRAM IS THE ADMINISTRATION OF ENDOWMENTS AND DONOR-ADVISED FUNDS. TO ACCOMPLISH THIS WORK, THE FOUNDATION RECEIVES CONTRIBUTIONS TO BE USED EXCLUSIVELY FOR GRANTS THAT SUPPORT CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. THE MAJORITY OF THESE GRANTS BENEFIT NONPROFIT ORGANIZATIONS IN, AND SERVING, THE TAMPA BAY COMMUNITY.

Program 2
Expenses: $576,026

CULTIVATING AND SUPPORTING CROSS SECTOR NETWORKSUSING STANFORD UNIVERSITY'S COLLECTIVE IMPACT MODEL, CROSS-SECTOR NETWORKS BUILD HIGH-TRUST RELATIONSHIPS AMONG PARTNERS IN GOVERNMENT, BUSINESS...

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CULTIVATING AND SUPPORTING CROSS SECTOR NETWORKSUSING STANFORD UNIVERSITY'S COLLECTIVE IMPACT MODEL, CROSS-SECTOR NETWORKS BUILD HIGH-TRUST RELATIONSHIPS AMONG PARTNERS IN GOVERNMENT, BUSINESS, PHILANTHROPY, AND EDUCATION TO IMPLEMENT SYSTEMS-LEVEL CHANGE THAT ADDRESSES COMPLEX SOCIAL ISSUES. NEARLY TEN YEARS AGO, THE FOUNDATION WAS ASKED TO TAKE AN ACTIVE ROLE IN ADMINISTERING AND FACILITATING A CROSS-SECTOR NETWORK FOCUSED ON INCREASING DEGREE ATTAINMENT IN TAMPA BAY. FOLLOWING THE SUCCESS OF THE LEAP TAMPA BAY NETWORK, THE FOUNDATION HAS CONTINUED TO SERVE AS A PARTNER IN ADDITIONAL NETWORKS, INCLUDING SPARK PASCO HERNANDO, WHICH ALSO FOCUSES ON COLLEGE ATTAINMENT AND WORKFORCE EDUCATION, AND THRIVE BY FIVE TAMPA BAY, WHICH ADDRESSES EARLY CHILDHOOD DEVELOPMENT AND EDUCATION.

Program 3
Expenses: $3,777,288

CRITICAL NEEDS LISTTO ADDRESS URGENT AND UNEXPECTED NEEDS IN THE COMMUNITY, THE COMMUNITY FOUNDATION OF TAMPA BAY CREATED THE CRITICAL NEEDS LIST TO SHARE NEEDS WITH COMMUNITY PHILANTHROPISTS. A...

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CRITICAL NEEDS LISTTO ADDRESS URGENT AND UNEXPECTED NEEDS IN THE COMMUNITY, THE COMMUNITY FOUNDATION OF TAMPA BAY CREATED THE CRITICAL NEEDS LIST TO SHARE NEEDS WITH COMMUNITY PHILANTHROPISTS. A "CRITICAL NEED" IS DEFINED AS UNBUDGETED, UNFORSEEN, AND TIME-SENSITIVE, AND ONE THAT SIGNIFICANTLY INTERFERES WITH A NONPROFIT'S ABILITY TO PROVIDE CRUCIAL SERVICES OR PRESENTS AN IMMINENT THREAT TO THE ORGANIZATION'S CONTINUED OPERATIONS. OVER THE PAST YEAR, THIS PROGRAM HAS SUPPORTED NUMEROUS NONPROFITS RESPONDING TO EMERGENCY SITUATIONS, INCLUDING HURRICANE RECOVERY EFFORTS AND CHALLENGES RELATED TO THE FEDERAL GOVERNMENT SHUTDOWN.

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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 $84,166,482
Program Service Revenue $577,378
Investment Income $46,578,192
Other Revenue $223,215
TOTAL REVENUE $131,545,267

Expense Breakdown

Grants Paid $55,213,165
Salaries & Benefits $3,989,371
Fundraising Expenses $1,551,425
Program Expenses $57,463,962
Other Expenses $4,069,688
TOTAL EXPENSES $63,272,224

Year-over-Year Comparison

2024 2023 Change
Revenue $131,545,267 $203,636,714 -0.4%
Expenses $63,272,224 $38,618,535 +0.6%
Net Income $68,273,043 $165,018,179 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
39
Volunteers
80

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
6
$706,336
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OSCAR J HORTON CHAIR 5.00
Officer Director
$0 $0 $0
LINDA O SIMMONS CHAIR ELECT 2.00
Officer Director
$0 $0 $0
RON CIGANEK TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA BOMSTEIN TRUSTEE 1.00
Director
$0 $0 $0
GREG YADLEY TRUSTEE 1.00
Director
$0 $0 $0
ANDREW HAFER SECRETARY 1.00
Officer Director
$0 $0 $0
BARRY ALPERT TRUSTEE 1.00
Director
$0 $0 $0
KAREN B LANESE TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER C LYKES TRUSTEE 1.00
Director
$0 $0 $0
SAREET MAJUMDAR TRUSTEE 1.00
Director
$0 $0 $0
WILLIE TIMS JR TRUSTEE 1.00
Director
$0 $0 $0
SUSAN TOUCHTON TREASURER 1.00
Officer Director
$0 $0 $0
KAY ANNIS WILSON TRUSTEE 1.00
Director
$0 $0 $0
KEVIN SNEED TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA DOUGLAS TRUSTEE 1.00
Director
$0 $0 $0
TOM KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
ANDRES PRIDA TRUSTEE 1.00
Director
$0 $0 $0
MARLENE M SPALTEN PRESIDENT/CEO 60.00
Officer
$452,655 $40,473 $493,128
KORY BURKLEY VP - CFO 50.00
Officer
$181,570 $31,638 $213,208
SHEILA KINMAN VP - PHILANTHROPY 50.00
Highest
$223,909 $35,819 $259,728
JESSE CORAGGIO VP - COMMUNITY IMPACT 50.00
Highest
$144,726 $26,688 $171,414
BERKELY SPAIN CONTROLLER 50.00
Highest
$123,239 $24,261 $147,500
KATHLEEN SHULTZ VP - COMMUNITY IMPACT 50.00
Highest
$123,959 $14,580 $138,539
WILMA NORTON VP - COMMUNITY CONNECTIONS 50.00
Highest
$122,576 $23,153 $145,729
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
2025 $131,545,267 $63,272,224 $1,007,515,591 $68,273,043
2024 No data No data No data No data
2023 $160,041,596 $34,017,854 $663,874,004 $126,023,742
2022 $263,193,049 $75,575,458 $499,126,043 $187,617,591
2021 $57,481,241 $35,989,309 $374,515,135 $21,491,932
2020 $39,276,460 $24,083,353 $288,002,169 $15,193,107
2019 $46,528,030 $23,394,310 $278,048,789 $23,133,720
2018 $42,916,847 $18,035,723 $253,017,182 $24,881,124
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