Wave Pool Corp
- Assets
- $316.7k
- Revenue
- $464.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Cincinnati, OH
- Founding
- 09/2015
- Data as of
- 09/2023
- EIN
- 47-5054823
Organization Overview
Wave Pool Corp is located in Cincinnati, OH. The organization was established in 2015. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Wave Pool Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave Pool 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 09/2023, Wave Pool Corp generated $464.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $605.4k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WAVE POOL CONTEMPORARY ART CENTER'S PURPOSE IS TO EXHIBIT, EDUCATE, AND SUPPORT ARTISTS AND HELP PROVIDE SERVICES TO THE COMMUNITY BY GUEST ARTISTS, PROGRAMS, AND OTHER EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE INITITATE AND SUPPORT ARTIST DRIVEN CREATIVE PLACEMAKING PROJECTS AND EXHIBITING WORK THAT STRETCHES BEYOND OUR GALLERY WALLS THROUGH INTERACTIVE PROJECTS THAT PROACTIVELY HELP OUR NEIGHBORS. WE WORK WITH PARTNER ORGANIZATIONS TO TACKLE TOUGH PROBLEMS THROUGH ASSET BASED DEVELOPMENT AND CENTER ARTIST-DRIVEN SOLUTIONS. THESE PROJECTS INCLUDE MORE TRADITIONAL GALLERY EXHIBITIONS AS WELL AS PROJECTS TAKING PLACE IN PUBLIC SPACE AND WITH OTHER PARTNER ORGANIZATIONS. IN 2022, WE REACHED OVER 47,000 PEOPLE ATTENDING EXHIBITIONS AND PROGRAMS BOTH ONSITE AS WELL AS THROUGHOUT OUR CITY, ONLINE AND IN OTHER CITIES NATIONALLY. WE PRESENTED 403 CLASSES AND PROGRAMS, AND MOUNTED 19 EXHIBITIONS BOTH ONSITE AND AT SATELLITE SPACES.
WELCOME PROJECT - THE WELCOME PROJECT IS A SOCIAL ENTERPRISE THAT COMBINES A SMALL MARKET, FOOD PANTRY AND TEACHING KITCHEN WITH A BOUTIQUE AND MAKER'S SPACE TO TRAIN OUR NEWEST NEIGHBORS IN STORE MANAGEMENT AND ARTS SKILLS WHILE BRINGING NEW LIFE TO THE BUSINESS DISTRICT OF CAMP WASHINGTON, CINCINNATI. WELCOME'S MISSION IS TO EMPOWER MARGINALIZED AND AT RISK REFUGEES AND IMMIGRANTS BY PROVIDING JOBS, EDUCATION AND SKILLS TRAINING, IN ORDER TO PROVIDE THEM WITH A BETTER LIFE AND FOSTER GREATER UNDERSTANDING AND COMPASSION IN OUR CITY. WE ARE CURRENTLY WORKING WITH OVER 40 REFUGEES AND IMMIGRANT ARTISTS AND HOME CHEFS TO MENTOR THEM TOWARD ACHIEVING THEIR BUSINESS GOALS.
STUDIO AND WOODSHOP SPACE RENTAL - WAVE POOL HAS ALWAYS BEEN A SPACE NOT JUST FOR ART VIEWING, BUT FOR MAKING, ARTISTIC DEVELOPMENT, AND COMMUNITY BUILDING. A LARGE PART OF OUR SPACE IS DEDICATED FOR BELOW- MARKET-RATE ARTIST STUDIO RENTALS AS WELL AS A COMMUNITY WOODSHOP AND CERAMICS STUDIO. BY RENTING A STUDIO, ARTISTS ARE INSTANTLY CONNECTED TO A COMMUNITY OF ARTISTS AND ARTISTIC PROGRAMMING THAT HAPPENS AT WAVE POOL AND ARE OFTEN PARTICIPANTS IN OUR ARTISTIC CRITIQUE NIGHTS AS WELL AS ARE THE FIRST COMMUNITY MEMBERS WE CALL UPON TO HIRE WHEN WE NEED SOMETHING BUILT OR DESIGNED. WAVE POOL'S WOOD SHOP HAS RECENTLY BEEN UPGRADED AND NOW ALSO HAS REGULAR COMMUNITY HOURS WHERE ANYONE IS WELCOME TO LEARN HOW TO USE A TOOL, TAKE A CLASS, OR BUILD A PERSONAL PROJECT. WE ALSO HAVE RESOURCES AND SPACE FOR WEEKLY OPEN COMMUNITY CERAMICS CLASSES. WE HAVE SCHOLARSHIPS AVAILABLE FOR FOLKS THAT CANNOT NORMALLY AFFORD TO TAKE THESE CLASSES, AND ALSO NOW HAVE A TOOL LIBRARY AVAILABLE FOR NEIGHBORHOOD RESIDENTS TO BORROW TOOLS TO USE AT HOME FOR PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anissa Lewis Executive Director | Officer | 40 | $0 |
Calcagno Cullen Former Executive Director | Officer | 40 | $63,500 |
Mary Jo Minerich Board Chair | OfficerTrustee | 2 | $0 |
Jenna Shaifer Vice Chair | OfficerTrustee | 2 | $0 |
Colleen Houston Secretary | OfficerTrustee | 1 | $0 |
Lee Bower Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,747 |
| Related organizations | $0 |
| Government grants | $132,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,998 |
| Total Program Service Revenue | $41,755 |
| Investment income | $1,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,105 |
| Net Income from Fundraising Events | -$2,069 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,460 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $56,451 |
| Other salaries and wages | $125,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,334 |
| Advertising and promotion | $0 |
| Office expenses | $7,308 |
| Information technology | $810 |
| Royalties | $0 |
| Occupancy | $57,060 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,753 |
| Insurance | $5,088 |
| All other expenses | $17,290 |
| Total functional expenses | $605,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $142,095 |
| 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 | $11,480 |
| Prepaid expenses and deferred charges | $3,852 |
| Net Land, buildings, and equipment | $66,847 |
| Investments—publicly traded securities | $63,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,743 |
| Accounts payable and accrued expenses | $20,040 |
| 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 | $20,040 |
| Net assets without donor restrictions | $202,020 |
| Net assets with donor restrictions | $94,683 |
| 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 | $316,743 |