Tampa Bay Thrives Inc

“A copy of the form 990 is provided to the governing body for review before filing.”

“Board members engaged in the governance of tbt occupy positions of fiduciary trust and stewardship with respect to the interests of tbt. Accordingly, board members, as well as members of their immediate families, business associates, and firms in which they have an interest, shall make full disclosure of any private, business, or professional relationship where a potential or actual conflict of interest is present. Prior to any and all board meetings, each board member shall review the meeting agenda for any actual or potential conflict of interest. In the event an actual or potential conflict of interest associated with any agenda item is concluded by a board member after such review, the impacted board member shall inform the board chairperson of the conflict in advance of the meeting. After disclosure of the board member's actual or potential conflict to the board chairperson as set forth above, the following procedures for addressing the conflict of interest will be adhered to by each board without exception: the board chairperson shall, upon disclosure by an impacted board member, have the discretion (based upon the severity of the actual or potential conflict) to excuse the impacted board member from the board discussions on that agenda item regardless of whether the impacted board member is asked to leave the room during the agenda item discussion, the board chairperson shall notify all board members of the actual or potential conflict of interest so everyone is aware of the said conflict before any discussions and/or vote on the matter the board shall determine whether tbt can obtain a more advantageous transaction or arrangement with reasonable efforts from an individual or entity that would not give rise to a conflict of interest if a more advantageous transaction or arrangement is not reasonably available, the board shall determine whether the transaction or arrangement is in the tbt's best interest, and whether the transaction is fair and reasonable to tbt. An interested board member shall not vote, participate in, influence, or attempt to influence any determination or proceedings. As requested by the board chairperson, the interested board member may, however, respond to questions posed by the board regarding the contract or transaction. Any such contract or transaction must be authorized by a vote of at least two-thirds (2/3) of the board members entitled to vote at a meeting at which a quorum was present. Any interested board member may not be counted in determining the existence of a quorum. The minutes of the board shall reflect the following: the name(s) of the board member(s) who disclosed or was otherwise found to have an actual or possible conflict of interest, the nature of the actual or possible conflict of interest, any action taken to determine whether a conflict of interest was present, and the board chairperson's decision as to whether a conflict of interest, in fact, existed the names of the board members who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken on the subject at issue the interested board member's removal from the room (if requested by the chairperson), exclusion from voting and participation in discussions, and the existence of a proper quorum.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request”

“Tampa bay thrives, inc. Contracts with a professional employer organization (peo) for administration of the employees. Under this agreement, all employees of tampa bay thrives, inc. Are in actuality leased from the peo. Due to this agreement, tampa bay thrives, inc. Does not file form w-3 transmittal of wages and tax statement, but rather the peo will file form w-3 which would include the employees of tampa bay thrives, inc. For the year ended december 31, 2024, tampa bay thrives, inc. Utilized 9 employees through the peo.”

“Consulting services: program service expenses 731,578. Management and general expenses 27,025. Fundraising expenses 13,120. Total expenses 771,723. Other professional services: program service expenses 456. Management and general expenses 4,468. Fundraising expenses 41. Total expenses 4,965.”

“The organization had no change in the oversight process from prior year.”