St Petersburg Foundation Inc.

Overview

The St Petersburg Foundation Inc. is a nonprofit organization designated under the philanthropy, voluntarism, and grantmaking foundations category. It operates with the mission of driving social impact in the community of St. Petersburg, Florida, through innovative partnerships and capacity building at both organizational and community levels.

Purpose and Activities

The foundation serves as the nonprofit arm of the St. Petersburg Group, a media and publishing company, and operates as a social impact consultancy. It leverages partnerships across public, private, and philanthropic sectors to support scalable and sustainable projects that address key community challenges such as economic vitality, workforce development, placemaking, innovation, infrastructure, and civic quality of life.

Financial Information

As per publicly available data, the foundation's primary source of revenue is contributions from donors. In recent years, it has reported significant increases in total assets and contributions, which are primarily used for operational expenses like wages and strategic community initiatives.

Initiatives and Collaborations

The St Petersburg Foundation collaborates with various entities, including private donors, corporations, foundations, and government bodies to execute targeted community strategies. It supports early-stage nonprofits and specific initiatives such as swim safety and work readiness programs, aiming to enhance community skills and economic mobility. One notable initiative is the Lealman Swim Program, which provides swimming lessons and lifeguard training in partnership with other local organizations.

Governance and Transparency

The foundation's governance includes a board of directors composed of local leaders and professionals committed to its mission. Financial reports and governance documents are publicly accessible through forms like the Form 990, providing transparency into its operations and financial performance.

Impact and Approach

The foundation emphasizes results-oriented approaches and expert execution in the nonprofit space. It aims to drive change by supporting organizations and ideas that can create lasting social impact, fostering cycles of success through strategic resources and support systems.