Make Waves Foundation
- Assets
- $1.8m
- Revenue
- $286.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hopkinton, MA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-3732775
Organization Overview
Make Waves Foundation is located in Hopkinton, MA. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Make Waves Foundation 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, Make Waves Foundation generated $286.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $459.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Make Waves Foundation has awarded 35 individual grants totaling $1,645,495. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES. THE FOUNDATION'S ONLY ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS TO APPROVED ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Boomer Executive Director | 30 | $64,150 | |
Pamela J Egan President/treasurer/member | 10 | $0 | |
John R Egan Jr Director | 10 | $0 | |
Amanda E Egan Director | 10 | $0 | |
Kathleen T Egan Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $36,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,557 |
| Capital Gain Net Income | $250,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,150 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,911 |
| Interest | $0 |
| Taxes | $5,663 |
| Depreciation | $181 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $240 |
| Total operating and administrative expenses | $78,165 |
| Contributions, gifts, grants paid | $381,365 |
| Total expenses and disbursements | $459,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,349 |
| Net Accounts receivable | $1 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,624 |
| Other assets | $0 |
| Total assets | $1,825,332 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Make Waves Foundation has awarded $381,365 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Westwood, MA PURPOSE: GENERAL FUND | $130,200 |
Durham, NC PURPOSE: THE PAMELA & JACK EGAN ASSOC OR ASSIST PROF FUND | $100,000 |
THE WINSOR SCHOOL PURPOSE: GENERAL FUND | $100,000 |
Baltimore, MD PURPOSE: GENERAL FUND | $40,000 |
CAPE COD HEALTHCARE FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
New York, NY PURPOSE: 2019 FREDERICK LAW OLMSTED AWARDS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |