Blue Wave Aquatics
- Assets
- $42.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Federal Way, WA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 90-0032557
Organization Overview
Blue Wave Aquatics is located in Federal Way, WA. The organization was established in 2004. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Wave Aquatics 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, Blue Wave Aquatics generated $55.0k 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 (14.3%) each year. All expenses for the organization totaled $73.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Freeborn President | 2 | $0 | |
Scott Mathews Vice President | 1 | $0 | |
Patti Cunningham Treasurer | 2 | $0 | |
Kim Mellick Secretary | 1 | $0 | |
Angela Turley Communications | 1 | $0 | |
Nellis Kim Membership | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,473 |
| Total Program Service Revenue | $694 |
| Membership dues | $43,175 |
| Investment income | $70 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,635 |
| Other Revenue | $0 |
| Total Revenue | $55,047 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,510 |
| Professional fees and other payments to independent contractors | $930 |
| Occupancy, rent, utilities, and maintenance | $28,674 |
| Printing, publications, postage, and shipping | $593 |
| Other expenses | $4,858 |
| Total expenses | $73,565 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,862 |
| Other assets | $0 |
| Total assets | $42,862 |
| Total liabilities | $1,554 |
| Net assets or fund balances | $41,308 |