Make Waves Foundation
- Assets
- $1.6m
- Revenue
- $131.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Westborough, MA
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-3732775
Organization Overview
Make Waves Foundation is located in Westborough, 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 12/2022, Make Waves Foundation generated $131.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $354.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Make Waves Foundation has awarded 45 individual grants totaling $2,376,332. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela J Egan President/treasurer/member | 10 | $0 | |
John R Egan Vice Pres./secretary/membe | 10 | $0 | |
John R Egan Jr Director | 10 | $0 | |
Amanda E Egan Director | 10 | $0 | |
Kathleen T Egan Director | 10 | $0 | |
Kristen Boomer Executive Director | 30 | $65,867 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $339 |
| Dividends & Interest | $37,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,087 |
| Capital Gain Net Income | $94,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,867 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,357 |
| Interest | $0 |
| Taxes | $5,427 |
| Depreciation | $361 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,864 |
| Total operating and administrative expenses | $82,919 |
| Contributions, gifts, grants paid | $271,467 |
| Total expenses and disbursements | $354,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,009 |
| Net Accounts receivable | $55 |
| 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 | $1,263 |
| Other assets | $0 |
| Total assets | $1,602,475 |
| 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 $271,467 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAPE COD HEALTHCARE FOUNDATION PURPOSE: GENERAL FUND | $20,000 |
DUKE UNIVERSITY PURPOSE: THE PAMELA & JACK EGAN ASSOC OR ASSIST PROF FUND | $66,667 |
THE WINSOR SCHOOL PURPOSE: GENERAL FUND | $100,000 |
XAVERIAN BROTHERS HIGH SCHOOL PURPOSE: GENERAL FUND | $84,800 |