Wave Foundation
- Assets
- $38.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 45-1288621
Organization Overview
Wave Foundation is located in Seattle, WA. The organization was established in 2011. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Wave Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wave Foundation generated $105.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $110.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO END DOMESTIC VIOLENCE BY INCREASING AWARENESS AND RAISING CRITICAL FUNDS FOR PROGRAMS PROVIDING LIFE CHANGING SERVICES FOR THOSE EXPERIENCING ABUSE.
Describe the Organization's Program Activity:
Part 3
THE WAVE FOUNDATION MAKES GRANTS TO OTHER PUBLIC CHARITIES IN SUPPORT OF DOMESTIC VIOLENCE PROGRAMS. DURING SEPTEMBER 2015, CYCLE THE WAVE HAD OVER 950 RIDERS AND RAISED OVER $100,000. DURING 2015, CYCLE THE WAVE HIRED AN EVENT DIRECTOR, AND RESERVED SOME FUNDS FOR ORGANIZATIONAL EXPANSION. HOWEVER, THE WAVE FOUNDATION IS PRIMARILY OPERATED AND MAINTAINED BY VOLUNTEERS, ALLOWING THE MAJORITY OF THE PROCEEDS TO BENEFIT VARIOUS PROGRAMS THAT SUPPORT VICTIMS OF DOMESTIC VIOLENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ariana Orford Executive Dir. | 24 | $42,000 | |
Kaitlin Beaman Director | 0.5 | $0 | |
Rachel Brown Director | 0.5 | $0 | |
Ashley Ott Vice President | 2 | $0 | |
Maria Manza Director | 0.5 | $0 | |
Karla Axell President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,365 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,706 |
| Other Revenue | $0 |
| Total Revenue | $105,659 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $91,654 |
| Professional fees and other payments to independent contractors | $7,490 |
| Occupancy, rent, utilities, and maintenance | $492 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,427 |
| Total expenses | $110,063 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,290 |
| Other assets | $0 |
| Total assets | $38,290 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,290 |
Grants Awarded
Over the last fiscal year, Wave Foundation has awarded $102,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: PROGRAM SUPPORT | $20,000 |
Vashon, WA PURPOSE: PROGRAM SUPPORT | $20,000 |
Port Townsend, WA PURPOSE: PROGRAM SUPPORT | $20,000 |
Shelton, WA PURPOSE: PROGRAM SUPPORT | $20,000 |
Kent, WA PURPOSE: PROGRAM SUPPORT | $15,000 |
Twisp, WA PURPOSE: PROGRAM SUPPORT | $7,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wave Foundation has recieved totaling $31,396.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,769 |
Perkins Coie Foundation Seattle, WA PURPOSE: 2021 GALA (VIRTUAL EVENT) | $9,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
King County Bar Foundation Seattle, WA | $3,355,274 | $2,136,166 |
Wave Foundation Seattle, WA | $38,290 | $0 |
Alaska Bar Foundation Anchorage, AK | $277,271 | $0 |
Multnoma Bar Foundation Portland, OR | $575,101 | $129,266 |
Idaho Fraternal Order Of Police Foundation Inc Blackfoot, ID | $27,588 | $53,847 |
Broadmoor Rv Golf Classic Pasco, WA | $6 | $33,702 |
Solomon Family Foundation Inc Boise, ID | $13,759 | $10,057 |
Walla Walla Sheriffs Foundation Walla Walla, WA | $50,656 | $0 |
Newberg-Dundee Police Foundation Newberg, OR | $72,513 | $0 |