Waves Ahead Corp
- Assets
- $446.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 66-0886812
Organization Overview
Waves Ahead Corp is located in San Juan, PR. The organization was established in 2017. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waves Ahead 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 12/2023, Waves Ahead Corp generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 23.5% 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
WAVES AHEAD IS DEDICATED IN SUPPORTING MARGINALIZED AND VULNERABLE SECTORS OF PUERTO RICAN SOCIETY BY PROVIDING AID IN THEIR NEEDED AREAS IN ORDER TO RE-ESTABLISH AND STRENGTHEN THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPRESATE - WE PROVIDE INDIVIDUAL AND GROUP MENTAL HEALTH SERVICES PLUS MUSIC THERAPY CREATIVE ARTS AND MINDFULNESS SESSIONS YOGA MEDITATION AND OTHER ANCILIARY SERVICES TO SUPPORTHE INDIVIDUALS MENTAL HEALTH. WE ALSO PROVIDE SUPPORT GROUPS AND SPECIALIZED SERVICES FORE SURVIVOJRS OF VIOLENCXE ALL FOCUSED ON THE LGBT+,OLDER ADULTS AND WOMEN HEAD OF HOUSEHOLDS.
DESCUBRETE- A PROGRAM THAT SUPPORTS BUSINESS AND COOPERATIVE ENTREPRENEURSHIP OF SMALL BUSINESS AMONG THE LGBT COMMUNITY OLDER ADULTS AND WOMEN HEAD OF HOUSEHOLDS. EMPODERATE A PUBLIC POLICY PROGRAM FOCUSED ON ADVOCATING FOR LGBTTQ+ INCLUSIVE LAWS PROTOCOLS AND GUIDELINES TO IMPROVE THE LIVES OF THE COMMUNITY IN PR. IN ADDITION TRAIN COMMUNITY LEADERS AND ALLIES TO INCREASE INDIVIDUAL AND COLLECTIVE POWER TO CREATE CHANGE THROUGH TOW ACADEMIES PER YEAR. DURING 2023 ONE WAS HELD IN SAN JUAN AND THE INTERNALLY BEWTWEEN VOLUNTEERS AND STAFF OF THE ORGANIZATION.
RECONTRUYE Q - THIS PROGRAM WORKS TO PROVIDE ASSISTANCE DURING TIMES OF EMERGENCY IN THE COUNTRY AND PRIVIDE SHORT TERM COUNSELING AND MENTH HEALTH SUPPORS TO INDIVIDUAL IMPACTED BY THE PHENOMENON WHI STRENGTHENING THE RESILIENCY OF THE INDIVIDUAL AND COMMUNITY. DURING 2023 EVERY MONTH INDIVIDUALS WERE PROVIDED WITH MEALS AND FOOLD PURCHASED PLUS THE TOOLS AND SEEDS TO MKAKE THE HOME GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilfred Labiosa CEO President | OfficerTrustee | 0 | $79,300 |
Lisbeth Melendez Vice President | Officer | 0 | $0 |
Carmen Collazo Secretary | Officer | 0 | $0 |
Jean-Marie Navetta Treasurer | Officer | 0 | $0 |
Luis Ferrer Member At Large | Officer | 0 | $0 |
Gary Bonilla Member At Large | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $159,592 |
| Government grants | $198,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $672,502 |
| Noncash contributions included in lines 1a–1f | $124,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,180 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,180 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $763,356 |
| Fees for services: Legal | $4,486 |
| Fees for services: Accounting | $21,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,353 |
| Office expenses | $76,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,897 |
| 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 | $16,987 |
| Insurance | $5,548 |
| All other expenses | $0 |
| Total functional expenses | $1,068,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,296 |
| Savings and temporary cash investments | $0 |
| 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 | $399,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,301 |
| Total assets | $446,321 |
| Accounts payable and accrued expenses | $51,807 |
| 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 | $63,479 |
| Other liabilities | $0 |
| Total liabilities | $115,286 |
| Net assets without donor restrictions | $325,216 |
| Net assets with donor restrictions | $5,819 |
| 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 | $446,321 |
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|---|---|---|
Instituto Socio-Economico Comunitario Inc San Juan, PR | $8,573,141 | $10,401,060 |
Hogar Crea Inc Trujillo Alto, PR | $28,484,265 | $8,168,485 |
Programa De Educacion Comunal De Entrega Y Servicio Inc Humacao, PR | $5,312,751 | $8,035,394 |
Fundacion Sila M Calderon Inc San Juan, PR | $8,042,593 | $3,176,527 |
Centro De Adultos Y Ninos Con Impedimentos Inc Isabela, PR | $7,803,860 | $3,649,801 |
Casa Protegida Julia De Burgos Inc San Juan, PR | $1,809,910 | $2,691,543 |
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