Civic Intelligence

Wave College Inc.

990 • Fiscal year 2021 • EIN 27-4269892

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

Organization ProfileWWW.WAVECOLLEGE.EDU
1000 North Great Neck RdVirginia Beach, VA 23454

(757) 401-6125

Siviq Scores

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

Liabilities / Assets

79th percentile

0.31x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.09x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

35th percentile

3.7%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$71,208

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

34th percentile

1.8%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

7.0%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$245,611

Up $78,194 (+47%) from 2019

Net Assets

Up

$170,340

Up $54,160 (+47%) from 2019

Liabilities

Up

$75,271

Up $24,034 (+47%) from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin35th percentile

Revenue

Up

$831,964

Up $290,887 (+54%) from 2019

Expenses

Up

$801,078

Up $251,072 (+46%) from 2019

Net Income

Up

$30,886

Up $39,815 (+446%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$300K$200K$100K$0Assets 2014: $83,083Liabilities 2014: $11,936Net Assets 2014: $71,1472014Assets 2015: $111,294Liabilities 2015: $38,700Net Assets 2015: $72,5942015Assets 2016: $209,054Liabilities 2016: $79,085Net Assets 2016: $129,9692016Assets 2017: $188,898Liabilities 2017: $54,658Net Assets 2017: $134,2402017Assets 2018: $160,148Liabilities 2018: $35,039Net Assets 2018: $125,1092018Assets 2019: $167,417Liabilities 2019: $51,237Net Assets 2019: $116,1802019Assets 2021: $245,611Liabilities 2021: $75,271Net Assets 2021: $170,3402021Assets 2022: $153,574Liabilities 2022: $53,412Net Assets 2022: $100,1622022Assets 2025: $330Net Assets 2025: $3302025

Highlighted filing

2021

Assets$245,611
Liabilities$75,271
Net Assets$170,340
Open 2021 Filing

Operations Trend

Revenue Growth43rd percentile

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

$1.0M$500K$0-$500KRevenue 2014: $245,095Expenses 2014: $255,020Net Income 2014: -$9,9252014Revenue 2015: $287,645Expenses 2015: $286,198Net Income 2015: $1,4472015Revenue 2016: $441,531Expenses 2016: $384,157Net Income 2016: $57,3742016Revenue 2017: $517,596Expenses 2017: $513,325Net Income 2017: $4,2712017Revenue 2018: $564,109Expenses 2018: $573,240Net Income 2018: -$9,1312018Revenue 2019: $541,077Expenses 2019: $550,006Net Income 2019: -$8,9292019Revenue 2021: $831,964Expenses 2021: $801,078Net Income 2021: $30,8862021Revenue 2022: $878,283Expenses 2022: $946,458Net Income 2022: -$68,1752022Revenue 2025: $15,076Expenses 2025: $20,233Net Income 2025: -$5,1572025

Highlighted filing

2021

Revenue$831,964
Expenses$801,078
Net Income$30,886
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$831,964
Mission and Program Overview

Mission

The mission of wave leadership college, as an experience-rich, academically-adept institution of biblical higher education, is to equip christian leaders to transform their communities for the glory of god.

The mission of wave leadership college, as a experience-rich, academically-adept institution of biblical higher education, is to equip christian leaders to build the local church and transform their communities for the glory of god.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$151,143$151,295▲ $152
Accounts Receivable$16,889$52,489▲ $35,600
Cash and Non-Interest-Bearing Accounts$73,197$41,827▼ $31,370
Total Assets$241,229$245,611▲ $4,382
Liabilities
Unsecured Notes Loans Payable$30,000$47,074▲ $17,074
Accounts Payable and Accrued Expenses$25,429$24,484▼ $945
Mortgage Notes Payable Secured by Investment Property$20,000--
Deferred Revenue$23,758$3,713▼ $20,045
Other Liabilities$2,588--
Total Liabilities$101,775$75,271▼ $26,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$139,454$170,340▲ $30,886
Total Net Assets Fund Balance$139,454$170,340▲ $30,886
Total Liabilities and Net Assets / Fund Balance$241,229$245,611▲ $4,382

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,364$98,460$131,824
Buildings$88,418$6,315$94,733
Leasehold Improvements$29,513$62,683$92,196
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sarah HummelCEOFT$71,208$71,208

Board Members and Trustees

NameTitle
Mark EdwardsChairman
Steve KellyPresident
Derek HolserVice-chairma
Devon ChandlerDirector
Jeff TouraultDirector
Kevin GreenDirector
Robert SlowikSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$515,657
Program Service Revenue
$307,337
Investment Income
$7
Other Revenue
$8,963
All Other Contributions
$150,074
Change in Net Assets
$30,886

Audited Revenue Reconciliation

Revenue per Audited Statements
$831,964
Total Revenue per Audited Statements
$831,964
Total Revenue per Form 990
$831,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$452,961
Other Expenses$321,019
Grants and Similar Amounts Paid$27,098
Total Fundraising Expense$19,737
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,145$35,533$10,660$355,338
Occupancy$96,767$10,996$2,199$109,962
Current Officers, Directors, Trustees, and Key Employees$61,951$7,121$2,136$71,208
Information Technology$12,251$21,002$1,750$35,003
Office Expenses$23,941$2,721$544$27,206
Grants to Domestic Individuals$27,098--$27,098
Payroll Taxes$22,982$2,641$792$26,415
Fees for Services Other$11,463$1,274-$12,737
Other Expenses$11,320$130$597$11,450
Advertising$9,348-$1,039$10,387
Travel$4,362--$4,362
Interest$896$102$20$1,018
Conferences and Meetings$408--$408
Total Functional Expenses$696,835$84,506$19,737$801,078

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$801,078
Total Expenses per Audited Statements$801,078
Total Expenses per Form 990$801,078
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
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
No
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, Page 6, Part VI, Line 11B

“The board reviews and approves form 990 prepared by a qualified independent accounting firm.”

Form 990, Page 6, Part VI, Line 12C

“Annually, the board reviews the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wave College Inc
EIN
27-4269892
Phone
7574016125
Address
1000 NORTH GREAT NECK RD, VIRGINIA BEACH, VA 23454
Doing Business As
Wave Leadership College Inc

Signing Officer

Name
Sarah Hummel
Title
CEO
Phone
7574016125
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Kelly
Formed
2010
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
7

Preparer

Firm
Moja & Company
Address
PO BOX 531, REIDSVILLE, GA 30453
Preparer
Dave Moja
Phone
3212589907
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of wave leadership college, as a experience-rich, academically-adept institution of biblical higher education, is to equip christian leaders to build the local church and transform their communities for the glory of god.”

Form 990, Part XI, Line 9

“Fundraising expenses 0 scholarships 0 fundraising expenses 0 scholarships 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“FUNDRAISING EXPENSES 0”

Schedule D, Page 4, Part XI, Line 4B

“SCHOLARSHIPS 0”

Schedule D, Page 4, Part XII, Line 2D

“FUNDRAISING EXPENSES 0”

Schedule D, Page 4, Part XII, Line 4B

“SCHOLARSHIPS 0”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt025429
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024484
IRS990/AccountsReceivableGrp/BOYAmt016889
IRS990/AccountsReceivableGrp/EOYAmt052489
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF WAVE LEADERSHIP COLLEGE, AS A EXPERIENCE-RICH, ACADEMICALLY-ADEPT INSTITUTION OF BIBLICAL HIGHER EDUCATION, IS TO EQUIP CHRISTIAN LEADERS TO BUILD THE LOCAL CHURCH AND TRANSFORM THEIR COMMUNITIES FOR THE GLORY OF GOD.
IRS990/AdvertisingGrp/FundraisingAmt01039
IRS990/AdvertisingGrp/ProgramServicesAmt09348
IRS990/AdvertisingGrp/TotalAmt010387
IRS990/AllOtherContributionsAmt0150074
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07574016125
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 NORTH GREAT NECK RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0VIRGINIA BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023454
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt073197
IRS990/CashNonInterestBearingGrp/EOYAmt041827
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt02136
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt07121
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt061951
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt071208
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0408
IRS990/ConferencesMeetingsGrp/TotalAmt0408
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0515657
IRS990/CYGrantsAndSimilarPaidAmt027098
IRS990/CYInvestmentIncomeAmt07
IRS990/CYOtherExpensesAmt0321019
IRS990/CYOtherRevenueAmt08963
IRS990/CYProgramServiceRevenueAmt0307337
IRS990/CYRevenuesLessExpensesAmt030886
IRS990/CYSalariesCompEmpBnftPaidAmt0452961
IRS990/CYTotalExpensesAmt0801078
IRS990/CYTotalFundraisingExpenseAmt019737
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0831964
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt023758
IRS990/DeferredRevenueGrp/EOYAmt03713
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDING BIBLICAL HIGHER EDUCATION DEDICATED TO TRAINING CHRISTIAN PASTORS AND LEADERS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0WAVE LEADERSHIP COLLEGE INC
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0696835
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01274
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011463
IRS990/FeesForServicesOtherGrp/TotalAmt012737
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0SARAH HUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm1DEVON CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm4DEREK HOLSER
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT SLOWIK
IRS990/Form990PartVIISectionAGrp/PersonNm7JEFF TOURAULT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt071208
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0365583
IRS990/GrantAmt027098
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt027098
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt027098
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0831964
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01750
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt021002
IRS990/InformationTechnologyGrp/ProgramServicesAmt012251
IRS990/InformationTechnologyGrp/TotalAmt035003
IRS990/InterestGrp/FundraisingAmt020
IRS990/InterestGrp/ManagementAndGeneralAmt0102
IRS990/InterestGrp/ProgramServicesAmt0896
IRS990/InterestGrp/TotalAmt01018
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt087
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0167458
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0151143
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0151295
IRS990/LandBldgEquipCostOrOtherBssAmt0318753
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF WAVE LEADERSHIP COLLEGE, AS A EXPERIENCE-RICH, ACADEMICALLY-ADEPT INSTITUTION OF BIBLICAL HIGHER EDUCATION, IS TO EQUIP CHRISTIAN LEADERS TO BUILD THE LOCAL CHURCH AND TRANSFORM THEIR COMMUNITIES FOR THE GLORY OF GOD.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020000
IRS990/NetAssetsOrFundBalancesBOYAmt0139454
IRS990/NetAssetsOrFundBalancesEOYAmt0170340
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0139454
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0170340
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02199
IRS990/OccupancyGrp/ManagementAndGeneralAmt010996
IRS990/OccupancyGrp/ProgramServicesAmt096767
IRS990/OccupancyGrp/TotalAmt0109962
IRS990/OfficeExpensesGrp/FundraisingAmt0544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02721
IRS990/OfficeExpensesGrp/ProgramServicesAmt023941
IRS990/OfficeExpensesGrp/TotalAmt027206
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1DEPRECIATION
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0597
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02986
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1130
IRS990/OtherExpensesGrp/ProgramServicesAmt078630
IRS990/OtherExpensesGrp/ProgramServicesAmt126273
IRS990/OtherExpensesGrp/ProgramServicesAmt211320
IRS990/OtherExpensesGrp/TotalAmt078630
IRS990/OtherExpensesGrp/TotalAmt129856
IRS990/OtherExpensesGrp/TotalAmt211450
IRS990/OtherLiabilitiesGrp/BOYAmt02588
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt08963
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08963
IRS990/OtherRevenueTotalAmt08963
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010660
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035533
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0309145
IRS990/OtherSalariesAndWagesGrp/TotalAmt0355338
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0792
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02641
IRS990/PayrollTaxesGrp/ProgramServicesAmt022982
IRS990/PayrollTaxesGrp/TotalAmt026415
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0STEVE KELLY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225863
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225863
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181474
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0387976
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt040547
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt0319407
IRS990/PYOtherRevenueAmt0-862
IRS990/PYProgramServiceRevenueAmt0390432
IRS990/PYRevenuesLessExpensesAmt023275
IRS990/PYSalariesCompEmpBnftPaidAmt0394322
IRS990/PYTotalExpensesAmt0754276
IRS990/PYTotalRevenueAmt0777551
IRS990/ReconcilationRevenueExpnssAmt030886
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt088418
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06315
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt094733
IRS990ScheduleD/EquipmentGrp/BookValueAmt033364
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098460
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131824
IRS990ScheduleD/ExpensesSubtotalAmt0801078
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029513
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt062683
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt092196
IRS990ScheduleD/RevenueSubtotalAmt0831964
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0151295
IRS990ScheduleD/TotalExpensesPerForm990Amt0801078
IRS990ScheduleD/TotalRevenuePerForm990Amt0831964
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0831964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0801078
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS PRINTED ON LITERATURE AND PRINT ADS USED FOR MARKETING AND SOLICITATION AS WELL AS POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES FEDERAL FUNDING IN THE FORM OF PELL GRANTS AND DIRECT LOANS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt027098
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF WAVE LEADERSHIP COLLEGE, AS A EXPERIENCE-RICH, ACADEMICALLY-ADEPT INSTITUTION OF BIBLICAL HIGHER EDUCATION, IS TO EQUIP CHRISTIAN LEADERS TO BUILD THE LOCAL CHURCH AND TRANSFORM THEIR COMMUNITIES FOR THE GLORY OF GOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND APPROVES FORM 990 PREPARED BY A QUALIFIED INDEPENDENT ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES 0 SCHOLARSHIPS 0 FUNDRAISING EXPENSES 0 SCHOLARSHIPS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0241229
IRS990/TotalAssetsEOYAmt0245611
IRS990/TotalAssetsGrp/BOYAmt0241229
IRS990/TotalAssetsGrp/EOYAmt0245611
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0515657
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019737
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084506
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0696835
IRS990/TotalFunctionalExpensesGrp/TotalAmt0801078
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0101775
IRS990/TotalLiabilitiesEOYAmt075271
IRS990/TotalLiabilitiesGrp/BOYAmt0101775
IRS990/TotalLiabilitiesGrp/EOYAmt075271
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0139454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0170340
IRS990/TotalProgramServiceExpensesAmt0696835
IRS990/TotalProgramServiceRevenueAmt0307337
IRS990/TotalReportableCompFromOrgAmt071208
IRS990/TotalRevenueGrp/ExclusionAmt08970
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0307337
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0831964
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0241229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0245611
IRS990/TravelGrp/ProgramServicesAmt04362
IRS990/TravelGrp/TotalAmt04362
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt030000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt047074
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 NORTH GREAT NECK RD
IRS990/USAddress/CityNm0VIRGINIA BEACH
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023454
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WAVECOLLEGE.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH HUMMEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07574016125
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAVE COLLEGE INC
ReturnHeader/Filer/BusinessNameControlTxt0WAVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,611
Liabilities
$75,271
Net assets
$170,340
Revenue
$831,964
Expenses
$801,078
Net income
$30,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.15$0.20$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.53$1.00$8.78$9.46$0.68
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.75$1.70$8.32$8.01$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.51$1.16$5.41$5.50$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.35$1.25$5.64$5.73$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.55$1.34$5.18$5.13$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.79$1.30$4.42$3.84$0.57
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.39$0.73$2.88$2.86$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.12$0.71$2.45$2.55$0.10