Carolina Waves West is located in High Point, NC. The organization was established in 2016. According to its NTEE Classification (N62) the organization is classified as: Basketball, 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. Carolina Waves West 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, Carolina Waves West generated $40.8k 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 (16.0%) each year. All expenses for the organization totaled $40.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 4 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TRAVEL TO TOURNAMENTS AND WEEKLY PRACTICES OF SKILLS AND DRILLS (75 YOUTH), GAVE SCHOLARSHIPS TO 8 YOUTH THAT OTHERWISE WOULD NOT BE ABLE TO PLAY AND TRAVEL, ENCOURAGE GOOD SPORTSMANSHIP, LEADERSHIP, DISCIPLINE, PHYSICAL FITNESS AND ACCOUNTABILITY (75 YOUTH)
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Carter President | 25 | $0 | |
Sandy Carter Secretary | 10 | $0 | |
Cheryl Dixon-Samuels Treasurer | 15 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,466 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,766 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $7,193 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,773 |
| Total expenses | $39,966 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,088 |
| Other assets | $0 |
| Total assets | $7,088 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,088 |