Big Waves Foundation Inc
- Assets
- $406.2k
- Revenue
- $165.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Broomfield, CO
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 61-1913895
Organization Overview
Big Waves Foundation Inc is located in Broomfield, CO. The organization was established in 2019. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Waves 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 12/2021, Big Waves Foundation Inc generated $165.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENCOURAGE POSITIVE MIND AND BODY HEALTH BY PROVIDING OPPORTUNITY AND OUTLET FOR YOUNG ATHLETES TO PARTICIPATE IN WATER POLO WITH THE INTENTION THAT THIS SPACE CREATES A HEALTHY ENVIRONMENT FOR YOUNG ATHLETES TO FEEL AND PROCESS DIFFERENT EMOTIONS. OUR VISION IS TO PROVIDE A CONSTRUCTIVE OUTLET FOR YOUTH TO OVERCOME DIFFICULT EMOTIONS IN ORDER TO PROCESS THEM IN A HEALTHY WAY. IN DOING THIS,BIG WAVES INTENDS ON FURTHER IMPACTING LEGISLATION AROUND MENTAL HEALTH AND GUN VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 SERVICE ACCOMPLISHMENTS: BIG WAVES HOSTED THREE COMMUNITY BLOOD DRIVES YIELDING NEARLY 100 UNITS OF BLOOD. PROVIDED 5,000 TUITION ASSISTANCE FOR THE 2019 SCHOLARSHIP AWARD, PROVIDED 5,000 TUITION ASSISTANCE FOR THE 2020 SCHOLARSHIP AWARD AND PROVIDED TWO 5,000 TUITION ASSISTANCE FOR 2021. BIG WAVES DONATED 1,000 TO COLORADO HIGH SCHOOL WATER POLO PLAYER REPRESENTING THE US AT AN INTERNATIONAL SUMMER CAMP. WE GAVE AWAY MORE THAN 100 GUN LOCKS TO REGISTERED PARTICIPANTS. DONATED 500 TO COLORADO HIGH SCHOOL WATER POLO ASSOCIATION. PURCHASED WATER POLO GOALS FOR GEORGE WASHINGTON HIGH SCHOOL (DPS HIGH SCHOOL WATER POLO TEAM). SPONSORED TWO YOUTH GUN SAFETY TRAINING CLASSES WITH RANGE 129. VOLUNTEERED TIME TO CLEAN UP THE BROOMFIELD BIKE PARK. VOLUNTEERED TIME OPERATING THE COLORADO HIGH SCHOOL WATER POLO ASSOCIATION. COLLECTED HOLIDAY TOYS AND SUPPLIES FOR CHILDREN HOSPITAL COLORADO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Perotto Vice Preside | Officer | 2 | $0 |
Ashley Wilkinson Secretary | Officer | 5 | $0 |
Vaughn Bigelow Executive Di | Officer | 10 | $0 |
Christy Schafer Board Member | Trustee | 5 | $0 |
Brian Hoven Board Member | Trustee | 5 | $0 |
Dr Sean Whalen Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,370 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,928 |
| Noncash contributions included in lines 1a–1f | $17,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,298 |
| Total Program Service Revenue | $0 |
| Investment income | $1,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,600 |
| Net Income from Fundraising Events | $43,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $21,000 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $931 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,757 |
| Office expenses | $559 |
| Information technology | $312 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $854 |
| All other expenses | $912 |
| Total functional expenses | $40,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,238 |
| Savings and temporary cash investments | $4,879 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $351,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,182 |
| Accounts payable and accrued expenses | $76 |
| 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 | $76 |
| Net assets without donor restrictions | $406,106 |
| 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 | $406,182 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Big Waves Foundation Inc has recieved totaling $9,549.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $9,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pool & Hot Tub Foundation Colorado Springs, CO | $11,049,001 | $5,466,362 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
United States Synchronized Swimming Inc Colorado Springs, CO | $767,815 | $1,651,151 |
Steamboat Training Adaptive Recreational Sports Steamboat Springs, CO | $6,587,580 | $1,502,232 |
Scottsdale Aquatics Club Boosters Inc Scottsdale, AZ | $384,387 | $1,422,740 |
Wichita Swim Club Wichita, KS | $1,168,061 | $1,081,174 |
Highlands Ranch Aquatics Club Inc Highlands Ranch, CO | $351,068 | $874,760 |
Grand Canyon Youth Flagstaff, AZ | $1,989,034 | $1,269,297 |
Santa Fe Trail Blazers Association Shawnee Mission, KS | $677,575 | $731,776 |
Loveland Swim Club Inc Loveland, CO | $76,767 | $796,023 |
Fort Collins Area Swim Team Fort Collins, CO | $370,611 | $817,877 |
Olympus Aquatics Salt Lake City, UT | $22,936 | $731,235 |