Community Foundation Tampa Bay
Legal name: Community Foundation of Tampa Bay Inc
Nonprofit profile at a glance
- EIN
- 593001853
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Tampa, FL, US
- Phone
- 813-282-1975
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $131,545,267
- Expenses
- $63,272,224
- Assets
- $1,007,515,591
- Liabilities
- $80,158,916
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MARLENE M SPALTEN (PRESIDENT/CEO)
Highest reported compensation
- MARLENE M SPALTEN (PRESIDENT/CEO): $493,128 total reported compensation
- SHEILA KINMAN (VP - PHILANTHROPY): $259,728 total reported compensation
- KORY BURKLEY (VP - CFO): $213,208 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To connect donors, nonprofits, community and business leaders, professional advisors, volunteers and residents to make the maximum positive impact in the Tampa Bay region.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 91
- Accountability: 100
- Sustainability: 89
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: $54.25 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 55th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 51.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 15.92; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 14.7% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 19.6% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 17% per year; rating input score 100; 90th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 63.1% of revenue deployed · 90.8% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $57.5M in reported program spending
- Leadership: top reported pay $493K · 24 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $793K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 705 filed money-flow records
- Related organizations: 697 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.