Waves Ahead Corp
- Assets
- $622.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 12/2017
- Data as of
- 12/2021
- 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 12/2021, Waves Ahead Corp generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $633.9k during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 4 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
2021
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
WE PROVIDED MENTAL HEALTH SERVICES INDIVIDUAL AND GROUPS MUSIC THERAPY CREATIVE ART SESSIONS PLUS EDUCATIONAL WORKSHOPS YOGA AND OTHER ANCILLARY SERVICES. IN EARLY 2020 WE LAUNCHED EXPRÉSATE A MENTAL HEALTH AND SUICIDE PREVENTION CAMPAIGN.
DESCUBRETE - BUSINESS ENTREPRENEURSHIP & COOPERATIVE FOR DIVERSE POPULATIONS IN PR. THIS PROGRAM SUPPORTS SMALL BUSINESS ENTREPRENEURSHIP AMONG LGBTT OLDER ADULTS AND FEMALES LEAD HOUSEHOLDS. EMPODERATE - A PUBLIC POLICY FOCUSED PROGRAM IN ADVOCATING FOR LGBTTQ+ INCLUSIVE LAWS PROTOCOLS AND GUIDELINES TO BETTER THE LIVES OF LGBTTQ+ COMMUNITY IN PUERTO RICO. IN ADDITION TRAIN LGBTTQ+ ACTIVISTS AND ALLIES TO INCRASE INDIVIDUAL AND COLLECTIVE POWER TO CREATE CHANGE. ASSIST GOVERNMENT ENTITIES PRIVATE SECTOR INDUSTRIES AND COMMUNITY-BASED ORGANIZATIONS IN CREATING ADAPTING AND IMPLEMENTING INCLUSIVE POLICIES TRAININGS AND PROTOCOLS. THE FIRST TWO-DAY LEADERSHIP ACADEMY HELD IN OCTOBER 2021 WITH MORE THAN 55 DELEGATES PLUS HAVE TESTIFIED IN 7 PUBLIC HEARING RELATING TO LGBTTQ+ TOPICS.
PUERTO RICO HAS BEEN DEVASTATED BY HURRICANES SEPTEMBER 2017 MARIA AND IRMA BANKRUPTCY EARTHQUAKES 2020 IMPACTING MORE THE SOUTH-WESTERN TOWNS AND THE COVID PANDEMIC. THIS PROGRAM WORKS IN PROVIDING NECESSITIES AS WATER FOOD TOILETRIES AND ANY OTHER PERTINENT DONATION. IN ADDITION WE PROVIDE MENTAL HEALTH FIRST AID AND SHORT-TERM MENTAL HEALTH SESSIONS DURING OUR INTERVENTIONS. SINCE FEBRUARY 2020 WE HAVE ADDED A FOOL SUSTAINABILITY INITIATIVE THAT INCLUDES EDUCATION ON HOW TO GROW A HOME GARDEN PROVIDES TOOLS AN SEEDS AND "DIRT-THERAPHY'.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Burgos Secretary | Officer | 2 | $0 |
Wilfred Labiosa Executive Director | Officer | 50 | $0 |
Lisbeth Melendez Vice-President | Officer | 4 | $0 |
Nixie Ramos Member At Large | Officer | 2 | $0 |
Jean-Marie Navetta Non-Binary Treasurer | Officer | 2 | $0 |
Swinda Colon Bod Clerk | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $825,765 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,114 |
| Noncash contributions included in lines 1a–1f | $122,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,879 |
| 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 | $1,068,879 |
| 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 | $421,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,290 |
| Office expenses | $43,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,417 |
| Travel | $1,531 |
| 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 | $16,955 |
| Insurance | $4,296 |
| All other expenses | $64,190 |
| Total functional expenses | $633,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,619 |
| 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 | $183,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $622,682 |
| Accounts payable and accrued expenses | $9,373 |
| 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 | $64,900 |
| Other liabilities | $0 |
| Total liabilities | $74,273 |
| Net assets without donor restrictions | $98,409 |
| Net assets with donor restrictions | $450,000 |
| 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 | $622,682 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Waves Ahead Corp has recieved totaling $84,199.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $28,889 |
Fundacion Triple-S Inc San Juan, PR PURPOSE: COMMUNITY SERVICES | $25,000 |
Organization Name not Listed PURPOSE: MENTAL HEALTH | | $20,000 |
Centerlink Inc Fort Lauderdale, FL PURPOSE: TO FUND THE DEVELOPMENT OF EDUCATIONAL AND INFORMATIVE SOCIAL MEDIA ASSETS AROUND COVID-19 VACCINATION INCLUDING A COLLECTION/TOOLKIT OF CO-BRANDABLE TAILORED OUTREACH MATERIALS WHICH CAN BE USED AND SHARED AMONG CENTERLINK ASSOCIATION OF LGBTQ+ COMMUNITY CENTERS WITH THE GOAL TO INCREASE VACCINATION CONFIDENCE AND UPTAKE. | $10,000 |
Arcus Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $158 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |