2021-06-15T07:35:13-05:00 2020-12-31 593040705 RIVERO GORDIMER & COMPANY PA P O BOX 172359 TAMPA FL 33672 990 2020-01-01 824177489 TAMPA BAY INNOVATION HUB INC TAMP 8132288345 401 E JACKSON STREET NO 2525 TAMPA FL 33602 LAKSHMI SHENOY CEO 8132290420 2021-06-02 1 LAKSHMI SHENOY 999009999 SAM A LAZZARA P01342929 8138757774 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z EMBARC COLLECTIVE TAMPA BAY LAKSHMI SHENOY 401 E JACKSON STREET NO 2525 TAMPA FL 33602 4571555 0 X WWW.EMBARCCOLLECTIVE.COM X 2018 DE TAMPA BAY INNOVATION HUB, DBA EMBARC COLLECTIVE, HELPS TAMPA BAY'S STARTUP TALENT BUILD BOLD, SCALABLE, THRIVING COMPANIES. 11 10 0 54 2231 1231 6038114 4202044 0 301876 0 14145 0 50050 6038114 4568115 0 0 0 0 888177 873070 0 0 128532 478123 1901612 1366300 2774682 4671814 1793433 17228845 14630343 12310417 7918482 4918428 6711861 X TAMPA BAY INNOVATION HUB, DBA EMBARC COLLECTIVE, HELPS TAMPA BAY'S STARTUP TALENT BUILD BOLD, SCALABLE, THRIVING COMPANIES. 0 0 990459 301876 PROVIDING SHARED OFFICE SPACE AND OTHER SERVICES AND SUPPORT TO ENTREPRENEURS AND STARTUPS. 654174 PROVIDING EDUCATION AND TRAINING TO ENTREPRENEURS, EMPLOYEES OF STARTUP COMPANIES, AND UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS IN THE TAMPA BAY REGION. 279075 CONDUCTING ACTIVITIES TO ATTRACT PROMISING JOB CREATING STARTUPS TO THE TAMPA BAY AREA, POSSIBLY INCLUDING AWARDING GRANTS TO STARTUPS WILLING TO RELOCATE. 521259 HELPING STARTUPS ACCESS CAPITAL TO EXPAND THEIR BUSINESSES; CONDUCTING RESEARCH ON SUCCESSFUL STARTUPS; WORKING WITH COLLEGES AND UNIVERSITIES TO EDUCATE STUDENT AND FACULTY ENTREPRENEURS; WORKING WITH GOVERNMENT, BOTH AT THE LOCAL AND STATE LEVEL, TO SUPPORT PUBLIC POLICY EFFORTS TO FOSTER AN ENTREPRENEURSHIP ECOSYSTEM 521259 2444967 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 X 19 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 FL X MARTIN HAMMOCK TREASURER 8132290420 401 E JACKSON STREET STE 2525 TAMPA FL 33602 JEFF VINIK CHAIR 2.00 X X 0 0 0 DAVE FELMAN DIRECTOR 1.00 X 0 0 0 REBECCA WHITE DIRECTOR 1.00 X 0 0 0 MARTIN HAMMOCK TREASURER 4.00 X X 0 0 0 JIM O'CONNELL SECRETARY 3.00 X X 0 0 0 LAKSHMI SHENOY DIRECTOR, CEO 40.00 X X 299893 0 28814 ALEX JENKINS DIRECTOR 1.00 X 0 0 0 STEVE JENKINS DIRECTOR 1.00 X 0 0 0 JASON KUHN DIRECTOR 1.00 X 0 0 0 STEVE MACDONALD DIRECTOR 1.00 X 0 0 0 BRIAN MURPHY DIRECTOR 1.00 X 0 0 0 ALLISON FELIX VP PLATFORM 40.00 X 113907 0 12631 413800 0 41445 2 0 1 0 TRINET GROUP INC ONE PARK PLACE SUITE 600 DUBLIN CA 94568 EMPLOYEE LEASING/HEALTH INS 799640 1 55432 10000 4136612 809300 4202044 TENANT REVENUE 900099 285462 285462 EVENT REVENUE 900099 15050 15050 OTHER REVENUE 900099 1364 1364 301876 14145 14145 5671 3440 2231 2231 2231 DISCOUNT INTEREST INCO 900099 47819 47819 47819 4568115 301876 2231 61964 X 455245 402807 20293 32145 283344 250707 12630 20007 21091 18662 940 1489 67100 59370 2992 4738 46290 40958 2064 3268 20826 20826 14000 14000 281438 253963 27475 58021 48032 9446 543 503755 476415 26288 1052 18927 18591 317 19 236468 209230 10541 16697 664046 587558 29600 46888 61312 44281 16892 139 OTHER EXPENSES 38451 32721 4183 1547 DUES AND SUBSCRIPTIONS 4368 1672 2696 2774682 2444967 201183 128532 3277823 412935 2921161 3296501 1600 16285 12797 16534 9192205 496875 9143941 8695330 1001 513757 1870522 1679001 17228845 14630343 2044234 66237 162043 109643 2447982 750000 7656158 6992602 12310417 7918482 X 1997267 3415360 2921161 3296501 4918428 6711861 17228845 14630343 1793433 0 X X 0 1 X 1 0 X 1000000 6038114 4202044 11240158 1000000 6038114 4202044 11240158 11777203 -537045 63275 63275 11303433 302796 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9122314 456116 8666198 29231 12523 16708 40660 28236 12424 8695330 RIGHT OF USE OPERATING LEASE ASSET 1676634 DEPOSITS 2367 1679001 LEASE LIABILITY 6944690 TENANT SECURITY DEPOSITS 47912 6992602 X 4667759 99644 99644 4568115 0 4568115 2874326 99644 99644 2774682 0 2774682 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME, IF ANY, IS NOT EXEMPT FROM INCOME TAX AND IS TAXED AT STATUTORY RATES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE ORGANIZATION'S TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. ALL TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X 0 0 0 0 0 0 0 0 0 LAKSHMI SHENOY DIRECTOR, CEO 224893 0 75000 0 0 0 8550 0 20264 0 328707 0 0 0 VINIK FAMILY FOUNDATION RELATED ENTITY OF BOARD MEMBER WORKING CAPITAL X 750000 750000 0 1 1 750000 802 WHITING LLC RELATED ENTITY OF BOARD MEMBER 6944690 LEASE OF FACILITIES - NET LIABILITY 0 X 809300 0 0 0 FORM 990, PART III, LINE 4A: TAMPA BAY INNOVATION HUB, INC. TEMPORARILY CLOSED IN 2020 FOR THE MONTHS OF APRIL AND MAY DUE TO COVID-19. AS A RESULT, THE ORGANIZATION DID NOT CHARGE ITS MEMBERS AND TENANTS FOR THOSE TWO MONTHS. THIS FEE ABATEMENT FOR 2020 TOTALED $134,336. FORM 990, PART V, LINE 2A TAMPA BAY INNOVATION HUB, INC. (TBIH) CONTRACTS WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR ADMINISTRATION OF THE EMPLOYEES. UNDER THIS AGREEMENT, ALL EMPLOYEES OF TBIH ARE IN ACTUALITY LEASED FROM THE PEO. DUE TO THIS AGREEMENT, TBIH DOES NOT FILE FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS, BUT RATHER THE PEO WILL FILE FORM W-3 WHICH WOULD INCLUDE THE EMPLOYEES OF TBIH. FOR THE YEAR ENDED OF DECEMBER 31, 2020, TBIH UTILIZIED 8 EMPLOYEES THROUGH THE PEO. FORM 990, SCHEDULE R, PART V, LINE 1R: PAYMENT ON UNSECURED NOTE PAYABLE TO RELATED PARTY. THE TOTAL AMOUNT PAID, INCLUDING PRINCIPAL AND INTEREST, WAS $1,697,982. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE ORGANIZATION'S FORM 990 IS REVIEWED BY ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS,AND KEY EMPLOYEES SHALL SIGN A STATEMENT ANNUALLY WHICH AFFIRMS THAT SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY;HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THE ORGANIZATION IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 AN OFFICER OF TBIH PREPARED AN ANALYSIS COMPARING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER TO COMPARABLE REGIONAL POSITIONS AS OUTLINED IN A COMMERCIALLY AVAILABLE REPORT ON NON-PROFIT COMPENSATION. IN ADDITION THE ANALYSIS INCLUDES COMPARISON TO A TARGETED NATIONAL NON-PROFITS FIRM WITH COMPARABLE OPERATIONS USING INFORMATION IN THEIR FORM 990 RETURN. THE COMPARATIVE ANALYSIS WAS REVIEWED AND CONSIDERED BY THE BOARD OF DIRECTORS OF TAMPA BAY INNOVATION HUB IN DETERMINING COMPENSATION FOR 2020. THE BOARD REVIEWED ALL EMPLOYEE COMPENSATION IN DECEMBER. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTANT & CONTRACT WORK: PROGRAM SERVICE EXPENSES 221,171. MANAGEMENT AND GENERAL EXPENSES 7,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228,713. MARKETING: PROGRAM SERVICE EXPENSES 32,792. MANAGEMENT AND GENERAL EXPENSES 19,933. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,725. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. VINIK FAMILY FOUNDATION 401 E JACKSON ST STE 2525 TAMPA FL 33602 911917506 CHARITY FL 501(C)(3) 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 VINIK FAMILY FOUNDATION E 750000 CASH LOAN PROCEEDS 802 WHITING LLC K 6944690 FAIR MARKET VALUE VINIK FAMILY FOUNDATION R 1697982 CASH PAID