Future Wave Foundation
- Assets
- $1.8m
- Revenue
- $134.5k
- Investments
- $125.2k
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3256055
Organization Overview
Future Wave Foundation is located in Redondo Beach, CA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Future Wave 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 12/2023, Future Wave Foundation generated $134.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (49.7%) each year. All expenses for the organization totaled $314.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59,386 |
| Total Revenue | $134,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,250 |
| Other employee salaries and wages | $31,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,315 |
| Depreciation | $46,731 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,641 |
| Printing and publications | $0 |
| Other expenses | $156,032 |
| Total operating and administrative expenses | $297,719 |
| Contributions, gifts, grants paid | $16,470 |
| Total expenses and disbursements | $314,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,406 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $1,378,022 |
| Investments—mortgage loans | $0 |
| Investments—other | $125,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $47,924 |
| Total assets | $1,824,504 |
| 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 | $2,285 |
| Total liabilities | $2,285 |
Grants Awarded
Over the last fiscal year, Future Wave Foundation has awarded $16,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOLA I CAN FOUNDATION PURPOSE: CONTRIBUTION | $5,150 |
SCHOOL STUDENTS PURPOSE: CONTRIBUTION | $11,320 |