Tampa Bay Partnership Inc

Nonprofit profile at a glance

EIN
593248071
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Tampa, FL, USA
Phone
8138782208
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,213,615
Expenses
$1,337,316
Assets
$3,114,206
Liabilities
$321,286

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • BEMETRA SIMMONS (PRESIDENT & CEO)

Highest reported compensation

  • BEMETRA SIMMONS (PRESIDENT & CEO): $350,088 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The tampa bay partnership is a privately funded, ceo-driven regional advocacy organization, committed to creating a unified, competitive and prosperous tampa bay.

What it reported doing in 2024

Regional indicators: the cornerstone of the partnership's work is the regional competitiveness report, a data-based assessment of tampa bay's strengths and weaknesses, compared to 19 peer and aspirational markets nationwide. Since its launch in 2017, this report has contributed to the development of common metrics and shared priorities for the tampa bay region, as well as the establishment of key public policy areas for the partnership. In 2024, the partnership published the sixth edition of the regional competitiveness report, which was released at the annual state of the region community event. In 2024, the partnership partnered with Florida blue to publish a report, benchmarking uptown, a miniature version of our regional competitiveness report focusing on one neighborhood in the city of tampa (continued on schedule o) the report focused on access to transportation, healthcare, and education among many other metrics to reveal the differences faced by residents of the uptown neighborhood in comparison to the city and larger region. The report was rolled out to local elected officials, business officials, and nonprofit stakeholders with a bus tour through the neighborhood.

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 34
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.2%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 2.33; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -5.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $350K · 17 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.