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Tampa Bay Innovation Hub Inc

Embarc Collective Tampa Bay

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824177489 ✦ Tampa, FL ✦ Designated as a 501(c)(3)

Overview

What is Tampa Bay Innovation Hub Inc?

Tampa Bay Innovation Hub Inc, operating under the name Embarc Collective Tampa Bay, is a nonprofit organization situated at 401 E Jackson Street, Tampa, Florida. Their primary focus is to provide a conducive environment for entrepreneurs and startups, offering shared office space, necessary facilities, equipment, utilities, and supplies. Their mission is to support Tampa Bay's emerging talent, helping them develop robust, expandable, and prosperous businesses. With a team of 14 individuals, they strive to foster a thriving entrepreneurial ecosystem within the Tampa Bay area.


Official website here: www.embarccollective.com

Is Tampa Bay Innovation Hub Inc legitimate?

Tampa Bay Innovation Hub Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Innovation Hub 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.

Here are some key statistics you may want to consider:

Executive Compensation: $413,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $569,435

For more financial information, click here


Official website here: www.embarccollective.com

What is the mission statement of Tampa Bay Innovation Hub Inc?

Tampa Bay Innovation Hub Inc, commonly known as Embarc Collective, serves to empower the startup talent in the Tampa Bay area. Their mission is to aid these entrepreneurs in building robust, scalable, and prosperous companies. They accomplish this by offering shared office space, alongside various services and support, encompassing facilities, equipment, rental costs, utilities, and supplies.


Official website here: www.embarccollective.com

Who is the CEO of Tampa Bay Innovation Hub Inc?

Lakshmi Shenoy is the Treasurer 6/30/22 - Present of Tampa Bay Innovation Hub Inc. The CEO's salary of Tampa Bay Innovation Hub Inc is $245,939 and their total compensation is $277,392.


Official website here: www.embarccollective.com

What is the revenue of Tampa Bay Innovation Hub Inc?

Tampa Bay Innovation Hub Inc's revenue in 2022 was $4,280,835.


Official website here: www.embarccollective.com

Who are the executives of Tampa Bay Innovation Hub Inc and what are their salaries?

The average compensation at Tampa Bay Innovation Hub Inc during 2022 was $70,228. There are 14 employees and 85 volunteers at Tampa Bay Innovation Hub Inc.

Here are 15 key members and their salaries (Tampa Bay Innovation Hub Inc's CEO's salary is $245,939 and their total compensation is $277,392):

    Lakshmi Shenoy (Director, Ceo)
  • Compensation: $245,939
  • Related: $0
  • Other: $31,453

    • Allison Felix (Vp Platform)
  • Compensation: $112,274
  • Related: $0
  • Other: $24,087

    • Lisa Czachor (Treasurer 6/30/22 - Present) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim O'Connell (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Murphy (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Vinik (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Felman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Jenkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Shields (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Kuhn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Macdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca White Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Courtney Kuhn (Board Observer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Pratt (Board Observer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Hammock (Treasurer 1/1/22 - 6/30/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.embarccollective.com

    Where can I find the form 990 for Tampa Bay Innovation Hub Inc?

    The Tampa Bay Innovation Hub Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.embarccollective.com

    Learn more at the official website: www.embarccollective.com

    Mission Statement of Tampa Bay Innovation Hub Inc

    Tampa Bay Innovation Hub Inc, also known as Embarc Collective, is dedicated to supporting Tampa Bay's startup talent in their quest to establish robust, scalable, and prosperous businesses. By providing shared office space and various services and assistance, this nonprofit organization aims to empower entrepreneurs and startups, facilitating their growth through the provision of necessary facilities, equipment, rent, utilities, and supplies. In essence, Tampa Bay Innovation Hub Inc functions as a nurturing environment where budding companies can thrive and realize their full potential.

    Impact

    This information is meant to be a general summary of Tampa Bay Innovation Hub Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Tampa Bay Innovation Hub Inc, operating as Embarc Collective, is making a significant impact by providing shared office space and essential support services to entrepreneurs and startups in Tampa Bay. By offering facilities, equipment, rent, utilities, and supplies, they are enabling startup talent to build bold, scalable, and thriving companies. Their focused mission to support and nurture the startup ecosystem in Tampa Bay is helping to foster innovation and drive economic growth in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $26,668
  • Program Service Revenue: $677,788
  • Gross Receipts: $5,036,877

    • Assets and Liabilities:
  • Total Assets: $19,996,780
  • Total Liabilities: $14,760,135
  • Net Assets: $5,236,645
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT REVENUE

    Revenue

    $609,040

    EVENT REVENUE

    Revenue

    $62,688

    OTHER REVENUE

    Revenue

    $6,060

    Organization Details

    Founding Year

    2018

    Principal Officer

    Lakshmi Shenoy

    Main Address

    401 E JACKSON STREET, TAMPA, FL, 33602

    NTEE Category

    Code: B60 - Education

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