Civic Intelligence

Making Waves Academy

990 • Fiscal year 2022 • EIN 20-8967421

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 16, 2023

Organization ProfileWWW.MAKINGWAVESACADEMY.ORG
4123 Lakeside DriveRichmond, CA 94806

(510) 262-1511

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.29x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.10x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

46th percentile

4.8%

Higher net margin than 46% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

4.5%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$9,802,840

Up $1,911,033 (+24%) from 2021

Net Assets

Up

$6,990,804

Up $1,306,968 (+23%) from 2021

Liabilities

Up

$2,812,036

Up $604,065 (+27%) from 2021

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin46th percentile

Revenue

Up

$27,331,193

Up $1,169,073 (+4.5%) from 2021

Expenses

Up

$26,024,225

Up $3,283,525 (+14%) from 2021

Net Income

Down

$1,306,968

Down $2,114,452 (-62%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $1,357,344Liabilities 2011: $338,477Net Assets 2011: $1,018,8672011Assets 2012: $1,374,807Liabilities 2012: $264,150Net Assets 2012: $1,110,6572012Assets 2013: $2,078,791Liabilities 2013: $909,430Net Assets 2013: $1,169,3612013Assets 2014: $3,596,378Liabilities 2014: $1,240,456Net Assets 2014: $2,355,9222014Assets 2015: $3,866,841Liabilities 2015: $1,445,834Net Assets 2015: $2,421,0072015Assets 2016: $3,692,908Liabilities 2016: $741,328Net Assets 2016: $2,951,5802016Assets 2017: $3,836,760Liabilities 2017: $828,533Net Assets 2017: $3,008,2272017Assets 2018: $4,129,011Liabilities 2018: $1,036,656Net Assets 2018: $3,092,3552018Assets 2019: $4,863,829Liabilities 2019: $1,235,995Net Assets 2019: $3,627,8342019Assets 2020: $6,099,100Liabilities 2020: $3,836,684Net Assets 2020: $2,262,4162020Assets 2021: $7,891,807Liabilities 2021: $2,207,971Net Assets 2021: $5,683,8362021Assets 2022: $9,802,840Liabilities 2022: $2,812,036Net Assets 2022: $6,990,8042022Assets 2023: $15,269,756Liabilities 2023: $7,149,014Net Assets 2023: $8,120,7422023Assets 2024: $17,051,335Liabilities 2024: $7,295,034Net Assets 2024: $9,756,3012024

Highlighted filing

2022

Assets$9,802,840
Liabilities$2,812,036
Net Assets$6,990,804
Open 2022 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $6,499,332Expenses 2011: $6,167,042Net Income 2011: $332,2902011Revenue 2012: $8,263,898Expenses 2012: $8,172,108Net Income 2012: $91,7902012Expenses 2013: $9,847,3182013Revenue 2014: $13,146,853Expenses 2014: $11,960,292Net Income 2014: $1,186,5612014Revenue 2015: $12,033,955Expenses 2015: $11,968,870Net Income 2015: $65,0852015Revenue 2016: $14,389,775Expenses 2016: $13,859,202Net Income 2016: $530,5732016Revenue 2017: $15,975,299Expenses 2017: $15,918,652Net Income 2017: $56,6472017Revenue 2018: $19,366,990Expenses 2018: $19,282,862Net Income 2018: $84,1282018Revenue 2019: $23,532,549Expenses 2019: $22,997,070Net Income 2019: $535,4792019Revenue 2020: $23,033,799Expenses 2020: $24,399,217Net Income 2020: -$1,365,4182020Revenue 2021: $26,162,120Expenses 2021: $22,740,700Net Income 2021: $3,421,4202021Revenue 2022: $27,331,193Expenses 2022: $26,024,225Net Income 2022: $1,306,9682022Revenue 2023: $29,259,158Expenses 2023: $28,129,220Net Income 2023: $1,129,9382023Revenue 2024: $30,342,025Expenses 2024: $28,706,466Net Income 2024: $1,635,5592024

Highlighted filing

2022

Revenue$27,331,193
Expenses$26,024,225
Net Income$1,306,968
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 16, 2023
Return Version
2021v4.2
Gross Receipts
$27,331,193
Mission and Program Overview

Mission

Making waves commits to rigorously and holistically preparing students to gain acceptance to and graduate from college to ultimately become valuable contributors to the workforce and their communities.

The goal of the academy is to advance students to and through college or post-secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,876,150$5,105,196▲ $2,229,046
Accounts Receivable$4,356,802$4,099,453▼ $257,349
Prepaid Expenses and Deferred Charges$352,959$310,496▼ $42,463
Land, Buildings, and Equipment, Net$305,896$287,695▼ $18,201
Total Assets$7,891,807$9,802,840▲ $1,911,033
Liabilities
Accounts Payable and Accrued Expenses$1,644,814$2,160,247▲ $515,433
Deferred Revenue$563,157$651,789▲ $88,632
Total Liabilities$2,207,971$2,812,036▲ $604,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,683,836$6,990,804▲ $1,306,968
Total Net Assets Fund Balance$5,683,836$6,990,804▲ $1,306,968
Total Liabilities and Net Assets / Fund Balance$7,891,807$9,802,840▲ $1,911,033

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$287,695$148,118$435,813
Equipment$0$22,400$22,400
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alton B Nelson JrChief Executive OfficerFT$313,358$72,246$385,604
Evangelia Ward-jacksonSenior School DirectorFT$180,134$35,407$215,541
Xiushi WeiChief Financial OfficerFT$181,199$21,039$202,238
Elizabeth MartinezChief Operating OfficerFT$169,809$29,568$199,377
Lisa DodsonManaging Director of TalentFT$166,982$24,657$191,639
Damon EdwardsChief Technology OfficerFT$146,130$31,152$177,282

Board Members and Trustees

NameTitle
Alica KleinPresident
Ana BarronDirector
Esther HugoDirector
Janis GloverDirector
Jessica LaughlinDirector
Layla NarajonDirector
Margaret WatsonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Fruge Psychological Assoc INCPsychologist1300 CLAY ST SUITE 600, Oakland, CA 94612$689,524
Pacheco's Cleaning ServiceJanitorial Services2025 DOVER AVE, San Pablo, CA 94806$404,975
Nob Hill Catering INCStudent Food Services601 TAYLOR WAY, San Carlos, CA 94070$389,460
Rtf Edu Enterprises INCIntervention22568 MISSION BLVD SUITE 517, Hayward, CA 94541$275,527
Linde GroupIt Services6550 VALLEJO ST 300, Emeryville, CA 94608$262,874
Revenue and Support

Revenue Composition

Contributions and Grants
$27,330,631
Program Service Revenue
$0
Investment Income
$562
Other Revenue
$0
All Other Contributions
$10,075,994
Change in Net Assets
$1,306,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,331,193
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$27,331,193
Total Revenue per Form 990
$27,331,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,544,910
Other Expenses$8,479,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,986,105$1,164,074-$13,150,179
Fees for Services Other$2,750,017$168,565-$2,918,582
Occupancy$2,694,174$171,075-$2,865,249
Other Employee Benefits$1,614,129$146,763-$1,760,892
Pension Plan Contributions$1,218,734$77,336-$1,296,070
Information Technology$896,167$88,632-$984,799
Current Officers, Directors, Trustees, and Key Employees$773,820$85,981-$859,801
Office Expenses$487,580$43,417-$530,997
Payroll Taxes$413,346$64,622-$477,968
Insurance$216,970$21,459-$238,429
Other Expenses$144,118$7,663-$144,118
Fees for Services Legal$88,660$8,769-$97,429
Conferences and Meetings$87,304$8,635-$95,939
Fees for Services Accounting$25,279$2,809-$28,088
Depreciation Depletion$18,201--$18,201
Advertising-$12,945-$12,945
Travel$7,037$696-$7,733
Total Functional Expenses$23,950,784$2,073,441$0$26,024,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,024,225
Total Expenses per Audited Statements$26,024,225
Total Expenses per Form 990$26,024,225
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The number of directors shall be no less than five (5) and no more than fifteen (15), unless changed by amendments to these bylaws. A board seat shall be reserved at all times for a parent/guardian representative.”

Form 990, Part VI, Section A, Line 8B

“Making waves academy has no comittee that has the authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the board of directors audit committee for approval before filing, and the full board of directors approves the form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section B, Line 15A

“The board determines the ceo compensation based on comparability data. It also consults with the ceo on the compensation of c-suite positions as well as reviews periodic benchmarks for positions across the organization.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Making Waves Academy
EIN
20-8967421
Phone
5102621511
Address
4123 LAKESIDE DRIVE, RICHMOND, CA 94806

Signing Officer

Name
Alton B Nelson Jr
Title
CEO
Phone
5102621511
Signed
2023-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alton B Nelson Jr
Formed
2007
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
204
Volunteers
20

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Mei-li Huang
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees for services: program service expenses 2,639,631. Management and general expenses 168,565. Fundraising expenses 0. Total expenses 2,808,196. Oversight fees: program service expenses 110,386. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,386.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year. The school's audit advisory committee assumes the responsibility for oversight of the audit and selection of an independent accountant; and the school's finance advisory committee assumes the responsibility for the review and compilation of its financial statements.”

Financial Statement Notes

PART X, LINE 2:

“The school is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The school files an exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.”

Raw XML AppendixShowing 400 of 599 raw XML fields

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IRS990/Form990PartVIISectionAGrp/PersonNm11LISA DODSON
IRS990/Form990PartVIISectionAGrp/PersonNm12DAMON EDWARDS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7313358
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8181199
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9169809
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10180134
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11166982
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12146130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SENIOR SCHOOL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11MANAGING DIRECTOR OF TALENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF TECHNOLOGY OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt017254637
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt027331193
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt088632
IRS990/InformationTechnologyGrp/ProgramServicesAmt0896167
IRS990/InformationTechnologyGrp/TotalAmt0984799
IRS990/InsuranceGrp/ManagementAndGeneralAmt021459
IRS990/InsuranceGrp/ProgramServicesAmt0216970
IRS990/InsuranceGrp/TotalAmt0238429
IRS990/InvestmentIncomeGrp/ExclusionAmt0562
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0562
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0170518
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0305896
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0287695
IRS990/LandBldgEquipCostOrOtherBssAmt0458213
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MAKING WAVES COMMITS TO RIGOROUSLY AND HOLISTICALLY PREPARING STUDENTS TO GAIN ACCEPTANCE TO AND GRADUATE FROM COLLEGE TO ULTIMATELY BECOME VALUABLE CONTRIBUTORS TO THE WORKFORCE AND THEIR COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05683836
IRS990/NetAssetsOrFundBalancesEOYAmt06990804
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05683836
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06990804
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0171075
IRS990/OccupancyGrp/ProgramServicesAmt02694174
IRS990/OccupancyGrp/TotalAmt02865249
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043417
IRS990/OfficeExpensesGrp/ProgramServicesAmt0487580
IRS990/OfficeExpensesGrp/TotalAmt0530997
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0146763
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01614129
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01760892
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07663
IRS990/OtherExpensesGrp/ProgramServicesAmt0311642
IRS990/OtherExpensesGrp/ProgramServicesAmt1217501
IRS990/OtherExpensesGrp/ProgramServicesAmt2144118
IRS990/OtherExpensesGrp/TotalAmt0311642
IRS990/OtherExpensesGrp/TotalAmt1225164
IRS990/OtherExpensesGrp/TotalAmt2144118
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01164074
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011986105
IRS990/OtherSalariesAndWagesGrp/TotalAmt013150179
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt064622
IRS990/PayrollTaxesGrp/ProgramServicesAmt0413346
IRS990/PayrollTaxesGrp/TotalAmt0477968
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt077336
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01218734
IRS990/PensionPlanContributionsGrp/TotalAmt01296070
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0352959
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0310496
IRS990/PrincipalOfficerNm0ALTON B NELSON JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026162120
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt06838161
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03421420
IRS990/PYSalariesCompEmpBnftPaidAmt015902539
IRS990/PYTotalExpensesAmt022740700
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026162120
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01306968
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022400
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026024225
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0287695
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0148118
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0435813
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt027331193
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0287695
IRS990ScheduleD/TotalExpensesPerForm990Amt026024225
IRS990ScheduleD/TotalRevenuePerForm990Amt027331193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt027331193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026024225
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS & ENROLLMENT MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1MAKING WAVES ACADEMY IS A PUBLIC CHARTER SCHOOL. THE SCHOOL RECEIVES PER PUPIL FUNDING FROM THE STATE OF CALIFORNIA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0313358
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1180134
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2181199

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,802,840
Liabilities
$2,812,036
Net assets
$6,990,804
Revenue
$27,331,193
Expenses
$26,024,225
Net income
$1,306,968
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$7.30$9.76$30.3$28.7$1.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$7.15$8.12$29.3$28.1$1.13
2022Detailed filing. Detailed filing data is available for this year.$9.80$2.81$6.99$27.3$26.0$1.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$2.21$5.68$26.2$22.7$3.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.10$3.84$2.26$23.0$24.4$1.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$1.24$3.63$23.5$23.0$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$1.04$3.09$19.4$19.3$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$0.83$3.01$16.0$15.9$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.74$2.95$14.4$13.9$0.53
2015Detailed filing. Detailed filing data is available for this year.$3.87$1.45$2.42$12.0$12.0$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$1.24$2.36$13.1$12.0$1.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.91$1.17$9.85
2012Summary only. Only limited summary data is available for this year.$1.37$0.26$1.11$8.26$8.17$0.09
2011Summary only. Only limited summary data is available for this year.$1.36$0.34$1.02$6.50$6.17$0.33