Rolling Wave Foundation Inc
- Assets
- $6.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Scituate, MA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-3440274
Organization Overview
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 12/2023, Rolling Wave Foundation Inc generated $61.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $60.2k during the year ending 12/2023. While expenses have increased by 27.0% per year over the past 5 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
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bonanno President | 30 | $0 | |
John Welch Vice President | 5 | $0 | |
Richard Bonanno Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,345 |
| 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 | $61,345 |
| 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 | $1,400 |
| Occupancy, rent, utilities, and maintenance | $270 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,540 |
| Total expenses | $60,210 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,826 |
| Other assets | $0 |
| Total assets | $6,826 |
| Total liabilities | $122 |
| Net assets or fund balances | $6,704 |