Creative Waves Foundation
- Assets
- $31.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-1557804
Organization Overview
Creative Waves Foundation is located in New York, NY. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative 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, Creative Waves Foundation generated $135.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $121.0k during the year ending 12/2021. While expenses have increased by 40.5% per year over the past 2 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
PROVIDING CREATIVE OUTLETS FOR ARTISTIC DEVELOPMENT FOR 8 INDIVIDUALS AND ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Tamposi Executive Vice President | 2 | $0 | |
Alexandra Tamposi CEO | 1 | $0 | |
Phil Sarna CFO | 1 | $0 | |
Nicholas Tamposi Chief Creative Officer | 1 | $0 | |
Tyler Maples Chief Of Staff | 1 | $0 | |
Anthony Tamposi Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,379 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,000 |
| Total Revenue | $135,379 |
| 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 | $48,386 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,812 |
| Total expenses | $120,981 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,372 |
| Other assets | $0 |
| Total assets | $31,572 |
| Total liabilities | $3,559 |
| Net assets or fund balances | $28,013 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Creative Waves Foundation has recieved totaling $10,950.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,450 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Errol N Harding And Gerald Clavet Private Foundation Palm Beach Gardens, FL PURPOSE: SUPPORTING CHILDREN IN THE ARTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lets Grow Kids Inc Middlebury, VT | $13,471,171 | $6,662,036 |
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Joseph Tse Foundation A New Jersey Nonprofit Corporation Glen Rock, NJ | $3,861,723 | $4,134,009 |
Hm Sarij Family Foundation Inc Deer Park, NY | $3,225,960 | $1,832,873 |
Hugh Obrian Youth Leadership Latham, NY | $134,625 | $0 |
Kids Club Of Tarrytown & Sleepy Hollow Inc Tarrytown, NY | $204,713 | $0 |
Friends Of Hudson Youth Inc Hudson, NY | $157,295 | $198,282 |
Confikids Inc Foxboro, MA | $119,657 | $0 |
Ymca Youth Foundation Of The Central Atlantic Area Asbury Park, NJ | $1,608,193 | $85,480 |