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Tampa Bay Innovation Hub Inc

EIN 82-4177489 · Tampa, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak32 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TAMPA BAY INNOVATION HUB, DBA EMBARC COLLECTIVE, HELPS TAMPA BAY'S STARTUP TALENT BUILD BOLD, SCALABLE, THRIVING COMPANIES.

Income
$2.8 million
Spending
$3.5 million
Spent on programs
86%
Reserves
-41.7 months of spending
Largest source of income
donations and private grants, 68%
Employees
14
Volunteers
118
Highest pay
$656,034, director, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 32 out of 100. Higher than 7% of charities in its peer group (education, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 78% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 23% of income.

  • Income trend

    15 of 15

    Income rose 2% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 31% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    12 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $1.2 million spent. SPACE: PROVIDING SHARED OFFICE SPACE AND OTHER SERVICES AND SUPPORT TO ENTREPRENEURS AND STARTUPS (FACILITIES, EQUIPMENT, MORTGAGE, UTILITIES, SUPPLIES).
  2. $599,674 spent. PROGRAMNING & COACHING: MEMBERSHIP-DIRECTED EDUCATION, TRAINING, AND COACHING.
  3. $341,412 spent. MEMBERSHIP: HELPING STARTUPS ACCESS CAPITAL TO EXPAND THEIR BUSINESS. MEMBERSHIP-DIRECTED COMMUNITY DEVELOPMENT (COMMUNITY-BUILDING EVENTS AND ACTIVITIES, AND MEMBER SWAG).
  4. $873,325 spent. CONDUCTING ACTIVITIES TO ATTRACT PROMISING JOB CREATING STARTUPS TO THE TAMPA BAY AREA, POSSIBLY INCLUDING AWARDING GRANTS TO STARTUPS WILLING TO RELOCATE; CONDUCTING RESEARCH ON SUCCESSFUL STARTUPS; COMMUNITY DEVELOPMENT EVENTS, INCLUDING EDUCATION AND TRAINING FOR ENTREPRENEURS AND EMPLOYEES OF STARTUP COMPANIES IN THE TAMPA BAY REGION AND UNEMPLOYED/UNDEREMPLOYED INDIVIDUALS IN THE TAMPA BAY REGION. THIS INCLUDES INITIATIVES WITH/FOR GOVERNMENT AND COLLEGE & UNIVERSITIES AND CORPORATE PARTNERSHIPS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.