Big Waves Foundation Inc

Organization Overview

Big Waves Foundation Inc, operating under the name Big Waves, 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 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, Big Waves generated $138.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $68.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

THIS YEAR WAS THE FIRST IN MANY THAT FELT "NORMAL" WHERE WE COULD GATHER IN PERSON, SHAKE HANDS, AND EVEN HUG OTHERS. ALTHOUGH THE WORLD WILL NEVER BE THE SAME HAVING GONE THROUGH THE PANDEMIC, WE HAVE ALL LEARNED TO ADAPT AND MOVE FORWARD IN FUNCTIONAL WAYS. BIG WAVES CONTINUED TO PUSH FORWARD, ADAPT, AND EXPAND EXISTING PROGRAMS AS WELL AS MAKE STRIDES DEVELOPING NEW PROGRAMS OVER THE LAST 12 MONTHS. HERE ARE SOME OF OUR ACCOMPLISHMENTS: THREE COMMUNITY BLOOD DRIVES THAT GENERATED 106 UNITS OF BLOOD HELPING AS MANY AS 193 PEOPLE. AWARDED 30,000 IN SCHOLARSHIPS TO SIX COLORADO STUDENT RECIPIENTS TOWARDS SECONDARY EDUCATION. FUNDED YOUTH WATER POLO PROGRAMMING IN COLORADO FUNDED 9 YOUTH GUN SAFETY TRAINING CLASSES EDUCATING 89 YOUTH FROM 6 TO 18 YEARS OLD PRODUCED 4 GUN LOCK INSTRUCTIONAL VIDEOS FUNDED OUR FIRST HIGH SCHOOL YOUTH MENTAL HEALTH WORKSHOP WITH MORE BEING PLANNED. SHIPPED HUNDREDS OF FREE GUN LOCKS TO RESPONSIBLE GUN OWNERS ACROSS THE COUNTY. VOLUNTEERED 100'S OF HOURS SUPPORTING COLORADO HIGH SCHOOL YOUTH. THERE IS MORE, BUT THESE ARE THE HIGHLIGHTS OF THE ACCOMPLISHMENTS WE HAVE COMPLETED IN 2022 WITH YOUR HELP. ALL OF THIS WAS DONE ON A 100% VOLUNTEER BASIS. OUR OVERHEAD IS APPROXIMATELY 8% OF OUR BUDGET WHICH MEANS THAT ALMOST ALL OF THE MONEY WE RAISE GOES DIRECTLY BACK INTO THE COMMUNITY. IN THE COMING YEAR WE WILL CONTINUE DEVELOPING OUR MENTAL HEALTH PROGRAM SUPPORTING KIDS AND OUR GUN SAFETY INITIATIVES PARTNERING WITH ADDITIONAL INSTITUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Vaughn Bigelow
Executive Di
$0
Joseph Perotto
Vice Preside
$0
Ashley Wilkinson
Secretary
$0
Joseph Youngblood III
Board Member
$0
Dr Sean Whalen
Board Member
$0
Christy Schafer
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$25,020
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$28,188
Noncash contributions included in lines 1a–1f $20,096
Total Revenue from Contributions, Gifts, Grants & Similar$53,208
Total Program Service Revenue$0
Investment income $3,035
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $30,331
Net Income from Fundraising Events $51,695
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $138,269

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