TAMPA BAY WAVE INC Charity Report

Public IRS 990 nonprofit record

TAMPA BAY WAVE INC

EIN 27-4779851 · Small Business Development (S43)

What they do

SEE SCHEDULE O.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 WAVES OWN BUILD-LAUNCH-GROW FRAMEWORK THAT is USED to DRIVE ALL PROGRAMS and SERVICES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

69.59%of revenue went to mission work70.7% of expenses · Program services

7.65%of revenue went to fundraising7.8% of expenses

$98.40spent for every $100 of revenueRevenue covered expenses this year.

21.16%of revenue went to management and office costs21.5% of expenses

$0.62in assets for every $1 spent this yearSome assets cannot be spent right away.

99.7%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $228,597 for RICHARD MUNASSI (ACCELERATOR MANAGING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,553,769

Mission workProgram services$1,777,09869.59% of revenue70.7% of expenses

ManagementOffice and general costs$540,46921.16% of revenue21.5% of expenses

FundraisingAsking for donations$195,3937.65% of revenue7.8% of expenses

Revenue left after expensesReported annual surplus$40,8091.60% of revenueShown in gray on the chart

Total expenses$2,512,96098.40% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.7% mission · 21.5% management · 7.8% fundraisingTotal expenses: 98.40% of revenue

2023Expense mix: 67.0% mission · 21.2% management · 11.8% fundraisingTotal expenses: 109.23% of revenue

2022Expense mix: 66.6% mission · 22.0% management · 11.3% fundraisingTotal expenses: 103.73% of revenue

2021Expense mix: 67.3% mission · 22.5% management · 10.2% fundraisingTotal expenses: 92.03% of revenue

2020Expense mix: 58.5% mission · 30.5% management · 11.0% fundraisingTotal expenses: 89.34% of revenue

2019Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 95.55% of revenue

2018Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 94.99% of revenue

2017Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 91.60% of revenue

Money in and money out

Revenue$2,553,769

Expenses$2,512,960

Annual surplus $40,809 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,777,098 · 70.7% of expenses

Management and office costs$540,469 · 21.5% of expenses

Fundraising$195,393 · 7.8% of expenses

See all reported dollar amounts

Revenue$2,553,769

Expenses$2,512,960

Assets$1,548,870

Income$2,598,540

Contributions$2,545,015

Mission work (program services)$1,777,098

Fundraising$195,393

Management and general$540,469

Accounting fees$28,230

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD MUNASSIACCELERATOR MANAGING DIRECTOR · 40 hrs/week $228,597Base $204,217 · Other $24,380

LINDA OLSONPRESIDENT/CEO · 40 hrs/week $164,055Base $143,000 · Other $21,055

DOLORES GARCIADIRECTOR OF DEVELOPMENT · 40 hrs/week $150,014Base $128,600 · Other $21,414

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

RICHARD MUNASSIACCELERATOR MANAGING DIRECTOR

LINDA OLSONPRESIDENT/CEO

DOLORES GARCIADIRECTOR OF DEVELOPMENT

MARCUS ADOLFSSONDIRECTOR

KATHLEEN SHANAHANDIRECTOR

KATHY CHIUDIRECTOR

KOSTAS STOILASDIRECTOR

LANCE RAABDIRECTOR

LAUREN WEINERDIRECTOR

MADELINE DENTSECRETARY

KAILAH MATYASDIRECTOR

MIRAJ PATELDIRECTOR

NICHOLAS OUTMANDIRECTOR

PENNY PARKSDIRECTOR

ROB BROWNDIRECTOR

SANTO CANNONEBOARD CHAIR

YVETTE SEGURADIRECTOR

JACK MURRAYDIRECTOR

INGA SCHMITZERDIRECTOR

GREG CELESTANDIRECTOR

DIANA HAYESDIRECTOR

DAVID EASONDIRECTOR

CHARLOTTE BAKERDIRECTOR

CATHLEEN RYAN RENEERDIRECTOR

CATHERINE WILHELMTREASURER

BRIAN MODELDIRECTOR

BRIAN DEMINGDIRECTOR

ANDREW SMITHDIRECTOR

AMANDA MILLIGANDIRECTOR

ALFRED GOLDBERGVICE PRESIDENT

ALEX SINKDIRECTOR

About this charity

Recognized since: January 2012
Location: 501 E KENNEDY BLVD 650, TAMPA, FL 33602
County: Hillsborough
In care of: LINDA OLSON
Primary officer: LINDA OLSON, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(866) 928-3066

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RIVERO GORDIMER & COMPANY PA
NTEE classification: Small Business Development (S43)
IRS tax category: Small Business Development