Wave Aquatics

Organization Overview

Wave Aquatics is located in Kirkland, WA. The organization was established in 1987. 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. As of 08/2023, Wave Aquatics employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 08/2023, Wave Aquatics generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.4m during the year ending 08/2023. While expenses have increased by 8.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

WAVE PROVIDES A RANGE OF PUBLIC AQUATICS PROGRAMS AND FACILITIES MANAGEMENT SERVICES IN ORDER TO ENHANCE HEALTH, FITNESS, SAFETY, RECREATION, AND QUALITY OF LIFE FOR OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATE A PUBLIC SWIMMING POOL WHICH IS AVAILABLE TO THE LOCAL COMMUNITY. PROVIDES RECREATION, HEALTH, EDUCATION, TRAINING, AND COMPETITIVE ACTIVITIES. IN ADDITION TO PUBLIC SWIM, THE ORGANIZATION MADE THE POOL AVAILABLE FOR AEROBICS, SWIM CLASSES AND INSTRUCTION FOR INDIVIDUALS, AND OTHER COMPETITIVE TEAM WORKOUTS AND MEETS.


PROVIDE OPPORTUNITY FOR YOUTH TO DEVELOP COMPETITIVE SWIMMING SKILLS THROUGH SUPERVISED WORKOUT PROGRAMS AND SWIM MEETS.


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Board, Officers & Key Employees

Name (title)Compensation
Chad Winkle
Executive Dir.
$126,252
Julie Soedel
Treasurer
$0
Martha Sorensen
Vp/secretary
$0
Cari Brumfield
President
$0
Chris Geitz
Board Member
$0
Bo Cao
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$81,133
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$81,133
Total Program Service Revenue$3,345,709
Investment income $89
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,426,931

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