Waves Inc
- Assets
- $1.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 74
- Location
- Franklin, TN
- Founding
- 02/1975
- Data as of
- 06/2022
- EIN
- 62-0920595
Organization Overview
Waves Inc is located in Franklin, TN. The organization was established in 1975. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Waves Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waves Inc 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 06/2022, Waves Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY LEARNING PROGRAM: THIS PROGRAM PROVIDES SERVICES TO YOUNG CHILDREN WHO ARE EXPERIENCING DEVELOPMENTAL DELAYS OR HAVE A DIAGNOSED CONDITION THAT HAS A HIGH PROBABILITY OF RESULTING IN DEVELOPMENTAL DELAY. EARLY INTERVENTIONISTS DELIVER SERVICES WHERE THE CHILD LIVES, LEARNS, AND PLAYS IN ORDER TO INCREASE THE LIKELIHOOD OF CONSISTENT PRACTICE WITH THE SKILLS. IN THIS SETTING, THE SKILLS LEARNED ARE FUNCTIONALLY RELEVANT TO THE CHILD IN THEIR EVERYDAY ACTIVITIES. IN ADDITION TO DIRECT SUPPORT OF CHILDREN, THE INTERVENTIONISTS PROVIDE CONSULTATION AND TRAINING FOR CHILD CARE PROVIDERS. IN THE FISCAL YEAR 2017-2018, 600 CHILDREN RECEIVED SERVICES. OF THESE CHILDREN, 100% HAVE SHOWN PROGRESS TOWARD OUTCOMES AS SPECIFIED IN THEIR INDIVIDUALIZED FAMILY SERVICE PLAN (IFSP).
ADULT DAY SERVICES: OUR ADULT DAY SERVICES PROVIDE ACTIVITIES THAT SUPPORT THE ACQUISITION, RETENTION, OR IMPROVEMENT IN COMMUNICATION, DAILY LIVING SKILLS, AND SOCIAL SKILLS TO ADULTS WITH INTELLECTUAL DISABILITIES. INTENDED OUTCOMES INCLUDE INCREASED COMPETENCY IN DAILY LIVING SKILLS AND TO CONNECT THESE INDIVIDUALS WITH THEIR COMMUNITY. ADULT DAY SERVICES ARE PROVIDED IN THE WILLIAMSON COUNTY COMMUNITY AND WE HAVE ADULT DAY CENTERS, LOCATED IN FRANKLIN AND FAIRVIEW. IN THE SECOND HALF OF 2017, WE SERVED 56 ADULTS AT THESE LOCATIONS. INDIVIDUALS ARE ENCOURAGED TO CONSIDER COMMUNITY-BASED EMPLOYMENT AND ARE LINKED TO VOLUNTEER OPPORTUNITIES TO LEARN SKILLS AND BUILD SELF-ESTEEM. EXAMPLES OF VOLUNTEER ACTIVITIES: PACKAGING LUNCHES FOR MEALS ON WHEELS; ASSISTING WITH DELIVERY OF MEAL; CLEANING TRAILS AT EDWIN WARNER PARK; ASSISTING WITH FOOD AND CLOTHES SORTING AT GRACEWORKS AND THRIFT SMART, AND ASSISTING WITH MAILINGS OR FILING FOR NONPROFIT ORGANIZATIONS.
ADULT RESIDENTIAL SERVICES: WAVES OPERATES EIGHT HOMES WITH LIVE-IN OR 24/7 SUPPORT STAFF. THESE HOMES PROVIDE RESIDENTIAL SUPPORT FOR 22 INDIVIDUALS. WE ALSO OFFER A SEMI-INDEPENDENT LIVING OPTION. THIS PROGRAM IS DESIGNED FOR INDIVIDUALS WHO HAVE HIGHER FUNCTIONALITY AND NEED LESS ASSISTANCE IN DAILY TASKS. WE CURRENTLY SUPPORT FOUR INDIVIDUALS IN THAT PROGRAM.
OFFICE RECYCLING PROGRAM: THIS PROGRAM HAS BEEN A LEADER IN THE RECYCLING INDUSTRY IN WILLIAMSON COUNTY SINCE IT ROLLED OUT THE PROGRAM IN 1994. THE PROGRAM CURRENTLY SERVICES 100 BUSINESSES IN WILLIAMSON COUNTY. THE PROGRAM EMPLOYS THREE ADULT MEN WITH DISABILITIES, ONE OF WHOM JUST JOINED THE TEAM IN JUNE OF 2018. THE PROGRAM RECYCLES OVER 150,000LBS OF MATERIAL ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Jordan Executive Di | OfficerTrustee | 40 | $102,053 |
Jim Gilchriest President | OfficerTrustee | 1 | $0 |
Danielle Williams Treasurer | OfficerTrustee | 1 | $0 |
Tom Stearns Honorary Boa | OfficerTrustee | 1 | $0 |
Debbie Millhouse Sokol Director | Trustee | 1 | $0 |
Marcie Stephens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,223,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,605,530 |
| Total Program Service Revenue | $1,412,291 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,544,655 |
| 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. | $108,255 |
| Compensation of current officers, directors, key employees. | $16,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,029,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,118 |
| Payroll taxes | $221,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,210 |
| Advertising and promotion | $3,684 |
| Office expenses | $40,127 |
| Information technology | $92,177 |
| Royalties | $0 |
| Occupancy | $125,062 |
| Travel | $17,741 |
| 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 | $34,767 |
| Insurance | $198,870 |
| All other expenses | $16,025 |
| Total functional expenses | $3,291,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,398 |
| Savings and temporary cash investments | $26,635 |
| Pledges and grants receivable | $97,268 |
| Accounts receivable, net | $335,074 |
| 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 | $18,144 |
| Net Land, buildings, and equipment | $253,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,492,273 |
| Accounts payable and accrued expenses | $115,312 |
| 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 | $115,312 |
| Net assets without donor restrictions | $1,279,693 |
| Net assets with donor restrictions | $97,268 |
| 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 | $1,492,273 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waves Inc has recieved totaling $138,572.
| Awarding Organization | Amount |
|---|---|
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: PROGRAM OPNS (OBI) | $117,590 |
United Way Of Rutherford County Murfreesboro, TN PURPOSE: HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $12,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE BIG PAYBACK 2021 GIVING DAY PAYMENT. | $8,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespan Incorporated Charlotte, NC | $15,854,360 | $20,547,610 |
Progressive Directions Inc Clarksville, TN | $6,267,368 | $17,802,978 |
Employment Source Inc Fayetteville, NC | $11,512,831 | $17,714,777 |
Emory Valley Center Inc Oak Ridge, TN | $13,502,943 | $17,151,005 |
Soar 365 Richmond, VA | $23,580,904 | $17,622,374 |
Rainbow Of Challenges Inc Hope, AR | $14,503,982 | $15,809,301 |
Michael Dunn Center Kingston, TN | $4,914,167 | $15,172,268 |
Progressive Healthcare Providers Inc Collierville, TN | $3,689,907 | $14,306,238 |
Community Living Inc Saint Peters, MO | $12,260,618 | $12,484,742 |
Independent Case Management Inc Little Rock, AR | $18,922,194 | $18,125,216 |
Goodwill Services Inc Richmond, VA | $4,923,731 | $11,570,082 |
Willows Way Inc St Charles, MO | $9,490,515 | $12,600,530 |