Tampa Bay Wave Inc logo

Tampa Bay Wave Inc

Public charity · Grantmaker Tampa, FL EIN: 27-4779851 Website

Tampa Bay Wave Inc. is a Tampa, Florida-based public charity and technology startup accelerator. The organization describes itself as an entrepreneur-led innovation community that helps technology startups build, launch, and grow; its 2025 filing says it is headquartered in downtown Tampa and used 14 employees through a professional employer organization that year.

Key facts about Tampa Bay Wave Inc

In short: Tampa Bay Wave Inc gave $1.9M across 20 grants in 2025 (avg $94K), top state Florida. Source: 2025 IRS Form 990.

EIN
27-4779851
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$1,871,372
Grants made (2025)
20
Average grant
$93,569
Median grant
$70,000
Total assets
$2,806,538
Primary geography
Florida (35% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.8M

+81.2% YoY

Annual Giving

$1.9M

Grant Count

20

Avg Grant Size

$94K

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

Tampa Bay Wave states that its mission is to accelerate Florida’s innovation economy by helping entrepreneurs turn innovative ideas into real-world solutions and scalable businesses in Tampa Bay and elsewhere. Its website describes accelerator support for technology startups across areas including cybersecurity, health technology, fintech, and ocean technology, as well as a non-vertical program for startups across categories.

The 2025 filing describes accelerator programs with executive coaching, structured programming, industry mentoring, strategic introductions, and preparation for investor meetings. It also describes a membership program offering peer community, mentorship, networking, and curated benefits. The filing describes a seed-fund project as an investigation into launching a fund for early-stage equity investments in qualified startups that have participated in Tampa Bay Wave programming.

Grantmaking

In filing year 2025, Tampa Bay Wave reported 20 grants totaling $1,871,372. Grant amounts ranged from $11,756 to $454,758, with a median grant of $70,000. The listed grant purposes were “start-up innovation.”

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Geographic Focus

Where this funder awards grants

Tampa Bay Wave states that it works to strengthen the startup ecosystem in Tampa Bay and across Florida, while its mission also refers to communities elsewhere. In 2025, grant dollars went to recipients in multiple states: Florida accounted for 35%, California 26%, Massachusetts 8%, Maine 7%, and Washington, D.C. 6%.

Grant Distribution by State

11states

Share of 2025 grant dollars across all 20 itemized grants.

Cities

Los AngelesPortlandSt PetersburgTampaArnolds ParkBostonBrooklineCincinnatiDetroitKaneoheMiamiSan FranciscoSeattleViennaWashingtonZephyrhills

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M0 grants2020 0 grants2021 0 grants2022 0 grants2023 0 grants2024 20 grants2025

In 2025 it made 20 grants totaling $1.9M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Seaworthy Collective: $455KSeaworthy Collective$455KBraid Theory Inc: $360KBraid Theory Inc$360KSt Petersburg Innovation District: $110KSt Petersburg InnovationDistrict$110KMarine Technology Society Inc: $106KMarine Technology Society Inc$106KHawaii Ocean Power Solutions: $90KHawaii Ocean Power Solutions$90KTini Scientific: $85KTini Scientific$85KClean Earth Rovers Inc: $75KClean Earth Rovers Inc$75KFleet Robotics: $75KFleet Robotics$75KDottir Labs Inc: $75KDottir Labs Inc$75KOceanfarmr USA: $73KOceanfarmr USA$73K

The largest 2025 recipient was Seaworthy Collective ($455K). Together the top 10 received $1.5M.

Grant Size Distribution

20 grants across all recorded years

7<$50K9$50–100K2$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 9 grants of 20 (45%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Seaworthy Collective Miami, FLStart-up Innovation$454,758
Braid Theory Inc Los Angeles, CAStart-up Innovation$360,273
St Petersburg Innovation District St Petersburg, FLStart-up Innovation$110,333
Marine Technology Society Inc Washington, DCStart-up Innovation$105,643
Hawaii Ocean Power Solutions Kaneohe, HIStart-up Innovation$90,000
Tini Scientific Seattle, WAStart-up Innovation$85,000
Clean Earth Rovers Inc Cincinnati, OHStart-up Innovation$75,000
Fleet Robotics Boston, MAStart-up Innovation$75,000
Dottir Labs Inc Brookline, MAStart-up Innovation$74,589
Oceanfarmr USA Portland, MEStart-up Innovation$72,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $2,806,538 $4,673,679 $4,523,511 $1,871,372 across 20 grants
2024 $1,548,870 $2,553,769 $2,512,960 0 grants reported
2023 $1,899,329 $1,902,546 $2,078,214 0 grants reported
Revenue
Expenses
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,806,538$1,548,870$1,899,329
Revenue$4,673,679$2,553,769$1,902,546
Expenses$4,523,511$2,512,960$2,078,214
Net Investment Income$12,972$1,320$11

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Linda Olson as president/CEO; Santo Cannone as board chair; Alfred Goldberg as vice president; Elizabeth Urbanski as secretary; and Catherine Wilhem as treasurer. It also lists Marcus Adolfsson, Rob Brown, Kathy Chiu, Diana Hayes, and Taylor Johnston as directors.

Tampa Bay Wave Inc is led by Linda Olson, President, CEO & Director since 2025 (on filings since 2020); 5 of 30 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Linda Olson

    President, CEO & Director

    CEO → President & CEO, 2024

    President & CEO → President, CEO & Director, 2025

    On filings since 2020

    40 hrs/week

    $79K (2020) → $169K (2025)

  • Santo Cannone

    Board Chair

    Vice Chair → Director, 2022

    Director → Board Chair, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Richard Munassi

    Accelerator Managing Director

    On filings since 2024

    40 hrs/week

    $204K (2024) → $204K (2025)

  • Dolores Garcia

    Director of Development

    On filings since 2022

    40 hrs/week

    $115K (2022) → $135K (2025)

  • Amit Agrawal

    Director of Investor Relations

    New on the 2025 filing

    40 hrs/week

    $110K (2025)

  • Diana Hayes

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kailah Matyas

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Lance Raab

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Nick Outman

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Penny Parks

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rob Brown

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Andrew Smith

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Lauren Weiner

    Director

    Treasurer → Director, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

  • Marcus Adolfsson

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Miraj Patel

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Amanda Milligan

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Inga Schmitzer

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Kathy Chiu

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brian Model

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jack Murray

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Kathleen Shanahan

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Aaron White

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Cathy Ryan-Reneer

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Lew Jolly

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Shane Needham

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Taylor Johnston

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Demelza Genest

    Chief Operating Officer

    New on the 2025 filing

    40 hrs/week

    $153K (2025)

  • Alfred Goldberg

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Catherine Wilhem

    Treasurer

    Director → Treasurer, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

  • Elizabeth Urbanski

    Secretary

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (25)
  • Former: Alex Sink (2020–2024) — Director
  • Former: Brian Deming (2020–2024) — Director
  • Former: Charlotte Baker (2020–2024) — Director
  • Former: David Eason (2020–2024) — Director
  • Former: Kostas Stoilas (2020–2024) — Director
  • Former: Madeline Dent (2020–2024) — Secretary
  • Former: Cathleen Ryan Reneer (2022–2024) — Director
  • Former: Nicholas Outman (2022–2024) — Director
  • Former: Yvette Segura (2022–2024) — Director
  • Former: Greg Celestan (2023–2024) — Director
  • Former: Chuck Papageorgiou (2020–2023) — Director
  • Former: Gerwai Todd (2020–2023) — Director
  • Former: Travis Milks (2020–2023) — Director
  • Former: Joseph Hodges (2022–2023) — Director
  • Former: Martin Traber (2022–2023) — Director
  • Former: Robert Brown (2022–2023) — Director
  • Former: Doug Blitzer (2020–2021) — Director
  • Former: Joe Hodges (2020–2021) — Director
  • Former: Lindsey Kimball (2020–2021) — Director
  • Former: Marty Traber (2020–2021) — Director
  • Former: Lou Prida (2021) — Treasurer
  • Former: Scott Conlon (2021) — Director
  • Former: Chandra Clines (2020) — Treasurer
  • Former: Julia Macgregor-Peralta (2020) — Director
  • Former: Rene Gallant (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Richard Munassi — Accelerator Managing Director: $204KRichard MunassiAccelerator Managing Director$204KLinda Olson — President/CEO: $169KLinda OlsonPresident/CEO$169KDemelza Genest — Chief Operating Officer: $153KDemelza GenestChief Operating Officer$153KDolores Garcia — Director of Development: $135KDolores GarciaDirector of Development$135KAmit Agrawal — Director of Investor Relations: $110KAmit AgrawalDirector of Investor Relations$110K

The highest reported compensation on the 2025 filing was $204K, to Richard Munassi (Accelerator Managing Director). 5 officers or directors reported compensation on that filing.

Contact

Mailing address: 501 E Kennedy Blvd 650, Tampa, FL 33602
Phone: (866) 928-3066
Website: https://tampabaywave.org

Frequently asked questions about Tampa Bay Wave Inc

How much does Tampa Bay Wave Inc give each year?

Tampa Bay Wave Inc gave $1.9M across 20 grants in 2025, according to its 2025 IRS Form 990.

What is Tampa Bay Wave Inc's typical grant size?

Tampa Bay Wave Inc's median grant in 2025 was $70,000, and its average grant was $93,569, across 20 grants on its 2025 IRS Form 990.

Where does Tampa Bay Wave Inc give grants?

Tampa Bay Wave Inc's top state is Florida, with 35% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were California (26%) and Massachusetts (8%). The most frequent recipient cities were Los Angeles, CA (2 grants), Portland, ME (2 grants), St Petersburg, FL (2 grants) and Tampa, FL (2 grants).

Does Tampa Bay Wave Inc give general operating support?

Not in 2025: none of the 20 grants with a stated purpose on Tampa Bay Wave Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Start-up Innovation" (20 grants).

Who are Tampa Bay Wave Inc's largest grantees?

Tampa Bay Wave Inc's largest 2025 grantees include Seaworthy Collective ($454,758), Braid Theory Inc ($360,273) and St Petersburg Innovation District ($110,333), according to its 2025 IRS Form 990. Together they received 49% of its itemized 2025 grant dollars.

How large is Tampa Bay Wave Inc?

Tampa Bay Wave Inc reported $2.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.7M.

What does Tampa Bay Wave Inc fund?

Tampa Bay Wave states that its mission is to accelerate Florida’s innovation economy by helping entrepreneurs turn innovative ideas into real-world solutions and scalable businesses in Tampa Bay and elsewhere. See mission & focus areas ↑

How do I apply for a grant from Tampa Bay Wave Inc?

Tampa Bay Wave Inc has no public application process in the sources Grantable reviewed. Check tampabaywave.org for current guidelines, or contact the foundation directly before submitting a request.

What is Tampa Bay Wave Inc's EIN?

Tampa Bay Wave Inc's EIN (Employer Identification Number) is 27-4779851. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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