Newwave Foundation Inc

Organization Overview

Newwave Foundation Inc is located in Elkridge, MD. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newwave Foundation 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 12/2022, Newwave Foundation Inc generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $90.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Newwave Foundation Inc has awarded 49 individual grants totaling $170,852. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEWWAVE FOUNDATION PROVIDES GRANTS TO VARIOUS INSTITUTIONS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $41,847
Interest on Savings $405
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 $0
Other Income $0
Total Revenue $42,252

Grants Awarded

Over the last fiscal year, Newwave Foundation Inc has awarded $41,900 in support to 5 organizations.

Grant RecipientAmount

COLLEGEBOUND FOUNDATION

PURPOSE: NWF SCHOLARSHIPS

$11,500

OPEN PARACHUTE

PURPOSE: MENTAL HEALTH PROGRAM ON BEHALF OF COLLEGEBOUND DC

$1,900

HOWARD COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIP

$3,500

TANIA CHACKUMKAL

PURPOSE: NWF PITCH PERFECT AWARD

$10,000

LESLIE WINSTON III

PURPOSE: NWF PITCH PERFECT AWARD

$15,000
View Grant Profile

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