Waves Project Inc
- Assets
- $314.8k
- Revenue
- $445.3k
- Investments
- $165.0
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- 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 12/2021, Waves Project Inc generated $445.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $398.7k during the year ending 12/2021. 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
2021
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 | $52,401 | |
Barbara Rubin Treasurer | 40 | $40,200 | |
Gary Winter Vice President | 4 | $0 | |
Todd Thompson Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $386,268 |
| Interest on Savings | $127 |
| 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 | $17,984 |
| Other Income | $40,952 |
| Total Revenue | $445,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $142,903 |
| Other employee salaries and wages | $15,700 |
| Pension plans, employee benefits | $0 |
| Interest | $263 |
| Taxes | $18,293 |
| Depreciation | $3,973 |
| Occupancy | $61,290 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155,281 |
| Total operating and administrative expenses | $398,672 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $398,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,780 |
| 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 | $29,874 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $314,819 |
| 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 | $135 |
| Total liabilities | $135 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waves Project Inc has recieved totaling $116,000.
| Awarding Organization | Amount |
|---|---|
Roger I And Ruth B Macfarlane Foundation Los Angeles, CA PURPOSE: TO OFFER THE UNIQUE OPPORTUNITY OF EXPERIENCING SCUBA DIVING TO OUR WOUNDED AMERICAN VETERANS | $75,000 |
Serving Usa Inc Camas, WA PURPOSE: TO SUPPORT VETERAN'S PROGRAMS | $40,000 |
Hope Share Care Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |