One More Wave Surf Corp
- Assets
- $219.3k
- Revenue
- $570.6k
- Investments
- $0.0
- Employees
- 2
- Location
- San Diego, CA
- Founding
- 08/2016
- Data as of
- 04/2022
- EIN
- 47-3300674
Organization Overview
One More Wave Surf Corp is located in San Diego, CA. The organization was established in 2016. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 04/2022, One More Wave Surf Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One More Wave Surf Corp 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 04/2022, One More Wave Surf Corp generated $570.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $429.9k during the year ending 04/2022. While expenses have increased by 49.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SURFBOARDS AND/OR SURFING EQUIPMENT TO VETERANS CUSTOMIZED TO THEIR INJURIES, AS WELL AS COMMUNITY SO THEY CAN ACHIEVE SURF THERAPY ON A DAILY BASIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SURFBOARDS AND/OR SURFING EQUIPMENT TO VETERANS CUSTOMIZED TO THEIR INJURIES, AS WELL AS COMMUNITY SO THEY CAN ACHIEVE SURF THERAPY ON A DAILY BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Garrett Key Employee | Officer | 40 | $94,000 |
Alex West Chairman/board Member | Officer | 40 | $50,000 |
Ted Haase Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,970 |
| Related organizations | $0 |
| Government grants | $21,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,913 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $83,712 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,540 |
| Office expenses | $5,974 |
| Information technology | $14,785 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,549 |
| Insurance | $6,583 |
| All other expenses | $59,631 |
| Total functional expenses | $429,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,326 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $219,266 |
| Accounts payable and accrued expenses | $13,276 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,276 |
| Net assets without donor restrictions | $205,990 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $219,266 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that One More Wave Surf Corp has recieved totaling $36,992.
| Awarding Organization | Amount |
|---|---|
Bevp Dallas, TX PURPOSE: TO PROVIDE WOUNDED AND DISABLED VETERANS WITH CUSTOMIZED SURFING EQUIPMENT, FOR HEALING THROUGH SURF THERAPY. | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,250 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veteran Tickets Foundation Tempe, AZ | $3,473,043 | $70,156,514 |
Swords To Plowshares Veterans Rights Organization San Francisco, CA | $13,731,803 | $35,297,923 |
Nations Finest Santa Rosa, CA | $6,187,944 | $28,671,006 |
Vietnam Veterans Of San Diego San Diego, CA | $48,971,024 | $19,292,555 |
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |
For The Troops Simi Valley, CA | $784,854 | $2,236,492 |