Waves Inc
- Assets
- $1.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 74
- Location
- Franklin, TN
- Founding
- 02/1975
- Data as of
- 06/2023
- EIN
- 62-0920595
Organization Overview
Waves Inc is located in Franklin, TN. The organization was established in 1975. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Waves Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waves 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 06/2023, Waves Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EARLY LEARNING PROGRAM: THIS PROGRAM PROVIDES DEVELOPMENTAL THERAPY TO FAMILIES AND CAREGIVERS WHO HAVE A CHILD FROM BIRTH TO FIVE YEARS OF AGE WHO HAVE A DEVELOPMENTAL DELAY OR A DIAGNOSED CONDITION THAT HAS A HIGH PROBABILITY OF RESULTING IN DEVELOPMENTAL DELAY. EARLY INTERVENTIONISTS DELIVER SERVICES WHERE THE CHILD LIVES, LEARNS, AND PLAYS TO INCREASE THE LIKELIHOOD OF CONSISTENT PRACTICE WITH SKILLS. IN THIS SETTING, THE SKILLS LEARNED ARE FUNCTIONALLY RELEVANT TO THE CHILD AND FAMILY IN THEIR EVERYDAY ROUTINE. IN ADDITION TO DIRECT SUPPORT OF CHILDREN AND THEIR CAREGIVERS, THE INTERVENTIONIST PROVIDES CONSULTATION AND TRAINING FOR CHILDCARE PROVIDERS. IN THE FISCAL YEAR 2022-2023, 300 FAMILIES RECEIVED SERVICES. OF THE CHILDREN, 100% HAVE SHOWN PROGRESS TOWARD OUTCOMES AS SPECIFIED IN THEIR INDIVIDUALIZED FAMILY SERVICE PLAN (IFSP).
ADULT DAY SERVICES: OUR ADULT DAY SERVICES PROVIDE ACTIVITIES AND STRUCTURED TRAINING PROGRAMS THAT SUPPORT THE ACQUISITION, RETENTION, OR IMPROVEMENT IN COMMUNICATION, DAILY LIVING SKILLS, AND SOCIAL SKILLS FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. SERVICES IN THIS PROGRAM ARE FACILITY AND/OR COMMUNITY-BASED. INTENDED OUTCOMES INCLUDE INCREASED COMPETENCY IN DAILY LIVING SKILLS AND CONNECTING INDIVIDUALS WITH THEIR COMMUNITY. ADULT DAY SERVICES ARE CURRENTLY PROVIDED IN THE WILLIAMSON COUNTY COMMUNITY. WE OPERATE TWO ADULT DAY CENTERS IN FRANKLIN AND FAIRVIEW, WHERE THESE SERVICES CAN BE PROVIDED IN ADDITION TO COMMUNITY-BASED SERVICES. 46 ADULTS ARE CURRENTLY BEING SUPPORTED IN THIS PROGRAM. INDIVIDUALS IN THIS PROGRAM ARE ALSO ENCOURAGED TO SEEK EMPLOYMENT WITH STAFF SUPPORT PROVIDED FOR ALL STAGES OF THEIR EMPLOYMENT JOURNEY. VOLUNTEERING IN THE COMMUNITY IS ALSO ENCOURAGED TO LEARN SKILLS AND BUILD SELF-ESTEEM. EXAMPLES OF VOLUNTEER ACTIVITIES INCLUDE PACKAGING AND DELIVERING LUNCHES FOR MEALS ON WHEELS, CLEANING TRAILS AT EDWIN WARNER PARK, ASSISTING WITH FOOD AND CLOTHES SORTING AT THRIFT STORES, AND ASSISTING WITH MAILINGS OR FILINGS FOR NONPROFIT ORGANIZATIONS.
ADULT RESIDENTIAL SERVICES: WAVES CURRENTLY OPERATES FOUR HOMES WITHIN WILLIAMSON COUNTY WITH 24/7 STAFF SUPPORT. THESE HOMES PROVIDE RESIDENTIAL SUPPORT FOR 13 INDIVIDUALS. WE ALSO OFFER A SEMI-INDEPENDENT LIVING OPTION. THIS PROGRAM IS DESIGNED FOR INDIVIDUALS WHO HAVE HIGHER LEVELS OF INDEPENDENCE AND NEED LESS ASSISTANCE WITH DAILY TASKS. WE CURRENTLY SUPPORT TWO INDIVIDUALS IN THIS PROGR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekah Zeitlan President | OfficerTrustee | 1 | $0 |
Danielle Williams Treasurer | OfficerTrustee | 1 | $0 |
Tom Stearns Honorary Board Chair | OfficerTrustee | 1 | $0 |
Hailey Blank Director | Trustee | 1 | $0 |
Denice Demers Director | Trustee | 1 | $0 |
John Lynch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,405 |
| Related organizations | $0 |
| Government grants | $1,210,579 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,737 |
| Total Program Service Revenue | $1,890,684 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,470 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,426,443 |
| 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. | $108,256 |
| Compensation of current officers, directors, key employees. | $16,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,296,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $455,030 |
| Payroll taxes | $176,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,151 |
| Advertising and promotion | $2,074 |
| Office expenses | $48,214 |
| Information technology | $76,011 |
| Royalties | $0 |
| Occupancy | $94,942 |
| Travel | $71,215 |
| 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 | $57,049 |
| Insurance | $84,766 |
| All other expenses | $1,615 |
| Total functional expenses | $3,730,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,675 |
| Savings and temporary cash investments | $26,635 |
| Pledges and grants receivable | $115,000 |
| Accounts receivable, net | $488,399 |
| 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 | $15,908 |
| Net Land, buildings, and equipment | $208,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,432,747 |
| Accounts payable and accrued expenses | $360,266 |
| 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 | $360,266 |
| Net assets without donor restrictions | $975,213 |
| Net assets with donor restrictions | $97,268 |
| 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 | $1,432,747 |