Wave Academy
- Assets
- $987.5k
- Revenue
- $974.6k
- Investments
- $0.0
- Employees
- 6
- Location
- San Diego, CA
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 36-4690777
Organization Overview
Wave Academy, operating under the name Healing Wave Aquatics, is located in San Diego, CA. The organization was established in 2011. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Healing Wave Aquatics employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healing 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 12/2021, Healing Wave Aquatics generated $974.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $374.4k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WAVE ACADEMY IS DEDICATED TO EXPANDING THE ROLE OF AQUATIC BODYWORK THERAPY AS A POWERFUL TOOL IN THE HEALING AND ADVANCEMENT OF INDIVIDUALS, COMMUNITIES AND THE HUMAN CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUATIC BODYWORK SERVICES. INDIVIDUALS IN CRITICAL NEED OF THERAPEUTIC TREATMENT MAY APPLY FOR SESSIONS ON A REDUCED FEE BASIS. NO-COST TREATMENTS ARE AVAILABLE TO ELIGIBLE APPLICANTS. FOCUSED POPULATIONS INCLUDE MILITARY MEMBERS DIAGNOSED WITH POST-TRAUMATIC STRESS AND THEIR CARE PROVIDERS, AS WELL AS HOSPICE PATIENTS AND THEIR CARE PROVIDERS. AQUATIC EDUCATION SERVICES SCHOLARSHIPS ARE AVAILABLE TO QUALIFIED, COMMITTED INDIVIDUALS LIVING IN STATE OF CALIFORNIA SEEKING A CAREER IN AQUATIC BODYWORK THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Berg CEO | OfficerTrustee | 40 | $101,540 |
Maggie Hannegan Past President | OfficerTrustee | 2 | $0 |
Dan Becker Secretary | OfficerTrustee | 2 | $0 |
David Sumpter President | OfficerTrustee | 2 | $0 |
Nick Seidel Member | Trustee | 2 | $0 |
Andrew Feaster Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $880,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,513 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| 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 | $974,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,740 |
| Compensation of current officers, directors, key employees. | $21,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,271 |
| Payroll taxes | $15,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,234 |
| Advertising and promotion | $0 |
| Office expenses | $4,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,795 |
| Travel | $2,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,990 |
| All other expenses | $2,447 |
| Total functional expenses | $374,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,361 |
| Net Land, buildings, and equipment | $412,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $987,539 |
| Accounts payable and accrued expenses | $67,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,549 |
| Net assets without donor restrictions | $574,789 |
| Net assets with donor restrictions | $345,201 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $987,539 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wave Academy has recieved totaling $178,942.
| Awarding Organization | Amount |
|---|---|
Yontz Valor Foundation Excelsior, MN PURPOSE: AQUATIC THERAPY FOR VETERANS | $100,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $25,000 |
Alumbra Innovations Foundation Bentonville, AR PURPOSE: VETERANS SUPPORT | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,515 |
Independent Insurance Agents And Brokers Of San Diego Inc Santee, CA PURPOSE: GENERAL SUPPORT | $9,427 |
Alumbra Innovations Foundation Bentonville, AR PURPOSE: WAVE ACADEMY MATCH PAYMENT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seiu United Healthcare Workers West And Joint Employer Education Fund Oakland, CA | $34,525,553 | $33,102,664 |
Pathpoint Santa Barbara, CA | $30,980,142 | $25,477,174 |
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Casa Loma College Van Nuys, CA | $6,230,067 | $6,276,144 |