Wave Foundation
- Assets
- $200.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- Data as of
- 12/2021
- EIN
- 84-3224211
Organization Overview
Wave Foundation is located in Portland, OR. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave Foundation 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, Wave Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
THE WAVE FOUNDATION STRENGTHENS COMMUNITY HEALTH, LOCAL ECONOMIES, AND ENVIRONMENTAL SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY AND SUSTAINABLE FOOD: ADVANCING SYSTEMIC CHANGE TO FOOD SYSTEMS BY ADVANCING INTEGRATION OF TRIBAL, BIPOC, WOMEN, AND RURAL PRODUCED FOODS INTO THE FOOD AND BEVERAGE OPERATIONS OF THE FOOD AND BEVERAGE INDUSTRY, WHICH ADDITIONALLY SUPPORTS FOOD SOVEREIGNTY, EQUITY, AND JUSTICE GOALS. AS PART OF OUR COVID-19 FOOD AND NUTRITION RELIEF PROGRAM, SUPPORTED THE DISTRIBUTION OF 1,000,000+ MEAL EQUIVALENTS TO NW NATIVE AND OTHER BIPOC COMMUNITIES IN 2021.
ZERO WASTE: FURTHER DEVELOPED A STRATEGIC COLLABORATION IN PORTLAND, OREGON TO ADVANCE A "ZERO-WASTE VISION" FOR PROVIDENCE PARK, THE MODA CENTER, AND OTHER PORTLAND LARGE PUBLIC VENUES. THIS PROGRAM IS KEY IN MITIGATING FOOD WASTE AND FINDING SUCCESSFUL COMPOSTING OPERATIONS AND INFRASTRUCTURE IN THE NORTHWEST.
CLEAN ENERGY AND TRANSPORTATION: IN PARTNERSHIP WITH CLIMATE SOLUTIONS, CLEAN AND PROSPEROUS WA, BUILD BACK BLACK ALLIANCE, AND OREGON BUSINESSES FOR CLIMATE DEVELOPED A PROGRAM THAT WILL SUPPORT THE TRANSITION TO REGIONAL BUILDINGS AND TRANSPORTATION INFRASTRUCTURE TO 100% ELECTRIFICATION.
ENVIRONMENTAL EQUITY AND JUSTICE: WORKED CLOSELY WITH AND DEVELOPMENT AUTHENTIC RELATIONSHIPS WITH TRIBAL AND NATIVE COMMUNITIES WITHINTENT TO LEVERAGE THE WAVE NETWORK TO AUTHENTICALLY ADVANCE EQUITY AND JUSTICE GOALS RELATED TO THE PRIMARY PROGRAMS OF THE WAVE.YOUTH ENGAGEMENT: EXPANDED ON PARTNERSHIP WITH EVERY KID SPORTS TO HELP NATIVE YOUTH PARTICIPATE IN THEIR PROGRAM WHICH PROVIDESUNDERSERVED FAMILIES WITH CERTIFICATES TO PAY FOR THE COSTS OF PLAYING SPORTS. DEVELOPED PROGRAM WITH MUSCO TO SUPPORT BUILDING SPORTS COURTS IN NATIVE COMMUNITIES FOR YOUTH TO HAVE ACCESS TO SPORTS AND HEALTHIER LIFESTYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Martin Director | Trustee | 20 | $48,000 |
Carmen Douglass Treasurer | OfficerTrustee | 5 | $0 |
Keri Johns Secretary | OfficerTrustee | 20 | $0 |
Justin Zeulner President | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $576,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070,965 |
| Total Program Service Revenue | $0 |
| Investment income | $148 |
| 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 | $1,071,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,427,756 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $269,200 |
| Fees for services: Legal | $18,569 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,286 |
| All other expenses | $1,256 |
| Total functional expenses | $1,786,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,487 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $200,487 |
| Net assets with donor restrictions | $0 |
| 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 | $200,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wave Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Climate Solutions Seattle, WA PURPOSE: NW Business and Climate Project | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cool Effect Inc Greenbrae, CA | $6,719,079 | $19,212,039 |
Guided Discoveries Inc San Clemente, CA | $20,044,630 | $15,426,303 |
Dream Corps Oakland, CA | $62,121,827 | $57,812,679 |
Islandwood Bainbridge Island, WA | $50,540,724 | $6,123,638 |
Nextgen Climate America Inc Sacramento, CA | $3,802,758 | $11,549,053 |
Surfrider Foundation San Clemente, CA | $13,752,426 | $12,597,004 |
International Living Future Institute Seattle, WA | $963,361 | $5,297,800 |
Friends Of Santa Cruz State Parks Santa Cruz, CA | $7,340,496 | $7,296,539 |
Naturebridge Sausalito, CA | $43,943,887 | $7,780,069 |
The Mountaineers Seattle, WA | $15,961,748 | $6,430,077 |
Eco Center Inc San Juan Capistrano, CA | $2,693,282 | $4,532,264 |
Redford Center Inc San Francisco, CA | $7,412,081 | $4,156,268 |