Rolling Wave Foundation Inc is located in Scituate, MA. The organization was established in 2019. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolling Wave Foundation 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 12/2021, Rolling Wave Foundation Inc generated $75.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.1% each year . All expenses for the organization totaled $71.2k during the year ending 12/2021. While expenses have increased by 57.5% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ROLLING WAVE FOUNDATION'S COMMITMENT IS BUILDING, SUSTAINING, ENABLING AND ENERGIZING COMMUNITIES BY SUPPLYING REFURBISHED BICYCLES AND EVERYDAY LIVING ITEMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Welch Vice President | 0 | $0 | |
Richard Bonanno President | 0 | $0 | |
Tanya Nagle Makaitis Treasurer | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $75,757 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $75,757 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,109 |
Other expenses | $70,092 |
Total expenses | $71,201 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $9,395 |
Other assets | $0 |
Total assets | $9,395 |
Total liabilities | $0 |
Net assets or fund balances | $9,395 |
Over the last fiscal year, we have identified 1 grants that Rolling Wave Foundation Inc has recieved totaling $2,000.
Awarding Organization | Amount |
---|---|
The Patricia M Powers Charitable Trust Monkton, MD PURPOSE: SUPPORT EXEMPT PURPOSES | $2,000 |
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