Making Waves Foundation Inc
- Assets
- $252.0m
- Revenue
- $26.8m
- Investments
- $30.7m
- Employees
- 0
- Location
- Richmond, CA
- Founding
- 01/1990
- Data as of
- 06/2023
- EIN
- 68-0204312
Organization Overview
Making Waves Foundation Inc is located in Richmond, CA. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Making Waves Foundation 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 06/2023, Making Waves Foundation Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $21.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC COACHING, GRANTS AND/OR SCHOLARSHIPS, TRAINING IN PERSONAL DEVELOPMENT, PROVIDING NEW RECREATIONAL AND CULTURE DEVELOPMENT AND CAREER OPPORTUNITY EXPOSURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick O'donnell Chief Executive Officer | 40 | $304,159 | |
Darcy Deming Chief Advancement Officer | 40 | $0 | |
Melissa Fries Ed Of College & Alumni Programs | 40 | $482,384 | |
Jane Choi Chief Finance/strategy Officer | 40 | $165,425 | |
Erick Roa Chief Operating Officer | 40 | $204,736 | |
Aiyana Mourtos Chief Program Officer | 40 | $194,770 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campus Llc | 6/29/23 | $609,946 |
Allen Matkins | 6/29/23 | $550,699 |
Jm Drummond | 6/29/23 | $97,579 |
Cliftonlarsonallen Llp | 6/29/23 | $81,731 |
Coastal Cloud Llc | 6/29/23 | $75,754 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,577,899 |
| Interest on Savings | $0 |
| Dividends & Interest | $595,710 |
| Net Rental Income | $733,897 |
| Net Gain on Sale of Assets | -$1,601 |
| Capital Gain Net Income | $107,313 |
| Net ST Capital Gain | $107,313 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,927,029 |
| Total Revenue | $26,832,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,433,818 |
| Other employee salaries and wages | $3,881,485 |
| Pension plans, employee benefits | $1,020,394 |
| Interest | $1,493,107 |
| Taxes | $780,384 |
| Depreciation | $4,711,599 |
| Occupancy | $2,829,223 |
| Travel, conferences, and meetings | $19,546 |
| Printing and publications | $12,257 |
| Other expenses | $3,245,961 |
| Total operating and administrative expenses | $20,861,727 |
| Contributions, gifts, grants paid | $191,500 |
| Total expenses and disbursements | $21,053,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,872,011 |
| Savings and temporary cash investments | $1,710,088 |
| Net Accounts receivable | $42,919 |
| Net Pledges Receivable | $794,205 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $866,950 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,301,725 |
| Other assets | $206,684,879 |
| Total assets | $252,006,095 |
| Accounts payable and accrued expenses | $2,261,622 |
| Grants payable | $0 |
| Deferred revenue | $1,150,007 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $34,277,521 |
| Other liabilities | $0 |
| Total liabilities | $37,689,150 |
Grants Awarded
Over the last fiscal year, Making Waves Foundation Inc has awarded $160,311 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAKING WAVES ACADEMY PURPOSE: PROVIDE FUNDING FOR THE SCHOOL. | $150,311 |
WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT PURPOSE: PROVIDE FUNDING FOR THE SCHOOL. | $10,000 |