Waves Project Inc
- Assets
- $213.9k
- Revenue
- $357.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3805961
Organization Overview
Waves Project Inc is located in Temecula, CA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waves Project Inc 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 12/2023, Waves Project Inc generated $357.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $477.0k during the year ending 12/2023. While expenses have increased by 19.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATE WOUNDED AMERICAN VETERANS THROUGH A CHALLENGING AND EXCITNG SPORT DESIGNED TO HELP THEM BOND WITH THIER FAMILY AND FRIENDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rubin President | 40 | $49,573 | |
Barbara Rubin Treasurer | 40 | $38,775 | |
Lisa Locke Associate Director | 30 | $32,000 | |
Todd Thompson Secretary | 40 | $49,573 | |
Gary Winter Vice President | 0 | $0 | |
Jeff Ross Direct | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $198,416 |
| Interest on Savings | $116 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $53,313 |
| Other Income | $105,334 |
| Total Revenue | $357,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,000 |
| Interest | $0 |
| Taxes | $20,577 |
| Depreciation | $4,922 |
| Occupancy | $63,951 |
| Travel, conferences, and meetings | $32,981 |
| Printing and publications | $307 |
| Other expenses | $163,301 |
| Total operating and administrative expenses | $476,994 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $476,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,450 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $34,901 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $14,505 |
| Other assets | $0 |
| Total assets | $213,856 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |