Making Waves Foundation Inc

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 06/2021, Making Waves Foundation Inc generated $12.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $19.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

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.


DEVELOPMENT EXPENDITURES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Campus Llc
$923,804
Allen Matkins
$511,049
Jm Drummond
$122,446
Heather Zapata
$94,115
Cliftonlarsonallen Llp
$59,481
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $8,069,234
Interest on Savings $0
Dividends & Interest $428,707
Net Rental Income$2,380,661
Net Gain on Sale of Assets $1,557,610
Capital Gain Net Income $395,979
Net ST Capital Gain $395,979
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $12,436,212

Grants Awarded

Over the last fiscal year, Making Waves Foundation Inc has awarded $78,179 in support to 2 organizations.

Grant RecipientAmount

MAKING WAVES ACADEMY

Org PageRecipient Profile

Richmond, CA

PURPOSE: PROVIDE FUNDING FOR THE SCHOOL.

$70,809

MAKING WAVES ACADEMY

Org PageRecipient Profile

Richmond, CA

PURPOSE: DONATION OF GOLF CART TO SCHOOL

$7,370
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Making Waves Foundation Inc has recieved totaling $18,564,500.

Awarding OrganizationAmount
Scully Memorial Foundation

San Rafael, CA

PURPOSE: CONSTRUCTION

$18,100,000
Payette River Foundation

Lafayette, CA

PURPOSE: CAP PROGRAM

$300,000
Robert & Ruth Halperin Foundation

San Francisco, CA

PURPOSE: TO SUPPORT EDUCATION PROGRAMS

$50,000
Tipping Point Community

San Francisco, CA

PURPOSE: EDUCATION ISSUE AREA

$50,000
Robert And Dana Emery Family Foundation

Wilmington, DE

PURPOSE: UNRESTRICTED GRANT RELATED TO YOUTH ACADEMICS AND ENRICHMENT

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$12,000
View Grant Recipient Profile

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