Civic Intelligence

Thousand Waves Foundation Nfp

EIN 36-4471839 • 501(c)3 • Chicago, IL

Profile

Martial arts and self defense instructions

1220 W Belmont AvenueChicago, IL 60657-3207

www.thousandwaves.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.20x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.23x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

16%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

8.0%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$538,041

Down $81,597 (-13%) from 2023

Liabilities

Down

$109,501

Down $98,594 (-47%) from 2023

Net Assets

Up

$428,540

Up $16,997 (+4.1%) from 2023

Operations
Liabilities / Revenue79th percentileNet Margin48th percentile

Revenue

Up

$484,789

Up $23,987 (+5.2%) from 2023

Expenses

Up

$467,792

Up $39,981 (+9.3%) from 2023

Net Income

Down

$16,997

Down $15,994 (-48%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2017: $438,521Liabilities 2017: $32,484Net Assets 2017: $406,0372017Assets 2018: $409,938Liabilities 2018: $21,864Net Assets 2018: $388,0742018Assets 2019: $327,737Liabilities 2019: $25,376Net Assets 2019: $302,3612019Assets 2020: $450,399Liabilities 2020: $90,300Net Assets 2020: $360,0992020Assets 2021: $435,145Liabilities 2021: $22,693Net Assets 2021: $412,4522021Assets 2022: $402,204Liabilities 2022: $23,652Net Assets 2022: $378,5522022Assets 2023: $619,638Liabilities 2023: $208,095Net Assets 2023: $411,5432023Assets 2024: $538,041Liabilities 2024: $109,501Net Assets 2024: $428,5402024

Highlighted filing

2024

Assets$538,041
Liabilities$109,501
Net Assets$428,540
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $833,127Expenses 2017: $797,684Net Income 2017: $35,4432017Revenue 2018: $771,595Expenses 2018: $789,558Net Income 2018: -$17,9632018Revenue 2019: $558,969Expenses 2019: $644,682Net Income 2019: -$85,7132019Revenue 2020: $526,801Expenses 2020: $469,063Net Income 2020: $57,7382020Revenue 2021: $465,058Expenses 2021: $412,705Net Income 2021: $52,3532021Revenue 2022: $415,751Expenses 2022: $449,651Net Income 2022: -$33,9002022Revenue 2023: $460,802Expenses 2023: $427,811Net Income 2023: $32,9912023Revenue 2024: $484,789Expenses 2024: $467,792Net Income 2024: $16,9972024

Highlighted filing

2024

Revenue$484,789
Expenses$467,792
Net Income$16,997
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$538,041
Liabilities
$109,501
Net assets
$428,540
Revenue
$484,789
Expenses
$467,792
Net income
$16,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$1.10$4.29$4.85$4.68$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.20$2.08$4.12$4.61$4.28$0.33
2022Detailed filing. Detailed filing data is available for this year.$4.02$0.24$3.79$4.16$4.50$0.34
2021Detailed filing. Detailed filing data is available for this year.$4.35$0.23$4.12$4.65$4.13$0.52
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.90$3.60$5.27$4.69$0.58
2019Detailed filing. Detailed filing data is available for this year.$3.28$0.25$3.02$5.59$6.45$0.86
2018Detailed filing. Detailed filing data is available for this year.$4.10$0.22$3.88$7.72$7.90$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.39$0.32$4.06$8.33$7.98$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 25, 2025
Return Version
2024v5.0
Gross Receipts
$502,055
Mission and Program Overview

Mission

Martial arts and self defense instructions

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$218,783$245,874▲ $27,091
Savings and Temporary Cash Investments$152,140$152,154▲ $14
Land, Buildings, and Equipment, Net$41,277$34,259▼ $7,018
Accounts Receivable$10,841--
Prepaid Expenses and Deferred Charges$8,081$8,464▲ $383
Total Assets$619,638$538,041▼ $81,597
Other Assets Total$188,516$97,290▼ $91,226
Liabilities
Other Liabilities$203,779$101,303▼ $102,476
Accounts Payable and Accrued Expenses$4,316$8,198▲ $3,882
Total Liabilities$208,095$109,501▼ $98,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$411,543$428,540▲ $16,997
Total Net Assets Fund Balance$411,543$428,540▲ $16,997
Total Liabilities and Net Assets / Fund Balance$619,638$538,041▼ $81,597

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,674$95,085$118,759
Other Land Buildings$10,585$44,349$54,934
Equipment-$3,509$3,509
Other Assets Org$97,290--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ryan LibelExecutive DiFT$76,573$76,573

Board Members and Trustees

NameTitle
Peggy ScanlanChair
Abby RodgersDirector
Betsy PancikDirector
Elsie LejanoDirector
Heather EricksonDirector
Lisa May SimpsonDirector
Marla CohenDirector
Selene StewartDirector
Alice HollowedSecretary
Mark HubertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,321
Program Service Revenue
$342,683
Investment Income
$1,946
Other Revenue
$111,839
All Other Contributions
$28,321
Change in Net Assets
$16,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,789
Total Revenue per Audited Statements
$484,789
Total Revenue per Form 990
$484,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$263,360
Other Expenses$204,432
Total Fundraising Expense$12,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$146,363$5,305$2,520$154,188
Occupancy$95,347$11,657$3,027$110,031
Current Officers, Directors, Trustees, and Key Employees$53,601$19,143$3,829$76,573
Payroll Taxes$15,476$1,892$491$17,859
Other Employee Benefits$12,772$1,562$406$14,740
All Other Expenses$11,298$1,379$359$13,036
Fees for Services Accounting$9,924$1,213$315$11,452
Other Expenses$6,482$793$206$7,481
Depreciation Depletion$6,081$744$193$7,018
Insurance$5,116$625$162$5,903
Office Expenses$1,412$173$45$1,630
Total Functional Expenses$405,363$49,559$12,870$467,792

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$467,792
Total Expenses per Audited Statements$467,792
Total Expenses per Form 990$467,792
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,755
Fundraising Direct Expenses$4,735
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spirit Challeng$108,755$108,755$4,735$104,020
Total Events$108,755$108,755$4,735$104,020
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$98,490
Payroll Taxes Payable$2,292
Payroll Payable$271
Sales Tax Payable$250
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
Yes
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 form 990 is reviewed at a board meeting”

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

“Each board member reads & signs the conflict of interest document annually.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is reviewed by the board of directors and is approved as part of the budget process.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is reviewed by the board of directors and is approved as part of the budget process”

Form 990, Page 6, Part VI, Line 19

“All governing documents and tax returns are available upon request. Financial statements are provided at the annual membership meeting and are publicly posted at the center.”

Filing and Contact Details

Filer

Filer Name
Thousand Waves Foundation Nfp
EIN
36-4471839
Phone
7734727663
Address
1220 W BELMONT AVENUE, CHICAGO, IL 60657-3207

Signing Officer

Name
Ryan Libel
Title
Executive Director
Phone
7734727663
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Libel
Voting Board Members
10
Independent Board Members
10
Employees
16
Volunteers
100

Preparer

Firm
Rcs Cpas Pllc
Address
4415 HARRISON ST SUITE 552, HILLSIDE, IL 60162
Preparer
Mohammad Sheikh
Phone
7084829488
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Thousand waves foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Thousand waves foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). There was no unrelated business income nor unrecognized tax benefits for the year ended december 31, 2024. Each of the organization's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization 's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31, 2024.”

Raw XML AppendixShowing 400 of 490 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/BOYAmt04316
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08198
IRS990/AccountsReceivableGrp/BOYAmt010841
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MARTIAL ARTS AND SELF DEFENSE INSTRUCTIONS
IRS990/AllOtherContributionsAmt028321
IRS990/AllOtherExpensesGrp/FundraisingAmt0359
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01379
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011298
IRS990/AllOtherExpensesGrp/TotalAmt013036
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0RYAN LIBEL
IRS990/BooksInCareOfDetail/PhoneNum07734727663
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01220 W BELMONT AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060657
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0218783
IRS990/CashNonInterestBearingGrp/EOYAmt0245874
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt03829
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019143
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt053601
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt076573
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt012531
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt028321
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01946
IRS990/CYOtherExpensesAmt0204432
IRS990/CYOtherRevenueAmt0111839
IRS990/CYProgramServiceRevenueAmt0342683
IRS990/CYRevenuesLessExpensesAmt016997
IRS990/CYSalariesCompEmpBnftPaidAmt0263360
IRS990/CYTotalExpensesAmt0467792
IRS990/CYTotalFundraisingExpenseAmt012870
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0484789
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0193
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0744
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06081
IRS990/DepreciationDepletionGrp/TotalAmt07018
IRS990/Desc0PROVIDE MARTIAL ARTS AND SELF-DEFENSE EDUCATION TO 350 PEOPLE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0405363
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0315
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01213
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09924
IRS990/FeesForServicesAccountingGrp/TotalAmt011452
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0PEGGY SCANLAN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK HUBERT
IRS990/Form990PartVIISectionAGrp/PersonNm2ALICE HOLLOWED
IRS990/Form990PartVIISectionAGrp/PersonNm3LISA MAY SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ABBY RODGERS
IRS990/Form990PartVIISectionAGrp/PersonNm5BETSY PANCIK
IRS990/Form990PartVIISectionAGrp/PersonNm6MARLA COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7HEATHER ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm8SELENE STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm9ELSIE LEJANO
IRS990/Form990PartVIISectionAGrp/PersonNm10RYAN LIBEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1076573
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt04735
IRS990/FundraisingGrossIncomeAmt0108755
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0502055
IRS990/GrossSalesOfInventoryAmt012639
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0162
IRS990/InsuranceGrp/ManagementAndGeneralAmt0625
IRS990/InsuranceGrp/ProgramServicesAmt05116
IRS990/InsuranceGrp/TotalAmt05903
IRS990/InvestmentIncomeGrp/ExclusionAmt01946
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01946
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0142943
IRS990/LandBldgEquipBasisNetGrp/BOYAmt041277
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034259
IRS990/LandBldgEquipCostOrOtherBssAmt0177202
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MARTIAL ARTS AND SELF DEFENSE INSTRUCTIONS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0411543
IRS990/NetAssetsOrFundBalancesEOYAmt0428540
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0104020
IRS990/NetIncomeOrLossGrp/ExclusionAmt0108
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0108
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0411543
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0428540
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03027
IRS990/OccupancyGrp/ManagementAndGeneralAmt011657
IRS990/OccupancyGrp/ProgramServicesAmt095347
IRS990/OccupancyGrp/TotalAmt0110031
IRS990/OfficeExpensesGrp/FundraisingAmt045
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0173
IRS990/OfficeExpensesGrp/ProgramServicesAmt01412
IRS990/OfficeExpensesGrp/TotalAmt01630
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0188516
IRS990/OtherAssetsTotalGrp/EOYAmt097290
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0406
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01562
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012772
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014740
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2CREDIT CARD CHARGES
IRS990/OtherExpensesGrp/Desc3COMPUTER EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt0580
IRS990/OtherExpensesGrp/FundraisingAmt1371
IRS990/OtherExpensesGrp/FundraisingAmt2366
IRS990/OtherExpensesGrp/FundraisingAmt3206
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02233
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11430
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21410
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3793
IRS990/OtherExpensesGrp/ProgramServicesAmt018260
IRS990/OtherExpensesGrp/ProgramServicesAmt111697
IRS990/OtherExpensesGrp/ProgramServicesAmt211534
IRS990/OtherExpensesGrp/ProgramServicesAmt36482
IRS990/OtherExpensesGrp/TotalAmt021073
IRS990/OtherExpensesGrp/TotalAmt113498
IRS990/OtherExpensesGrp/TotalAmt213310
IRS990/OtherExpensesGrp/TotalAmt37481
IRS990/OtherLiabilitiesGrp/BOYAmt0203779
IRS990/OtherLiabilitiesGrp/EOYAmt0101303
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07711
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07711
IRS990/OtherRevenueTotalAmt07711
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02520
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05305
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0146363
IRS990/OtherSalariesAndWagesGrp/TotalAmt0154188
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0491
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01892
IRS990/PayrollTaxesGrp/ProgramServicesAmt015476
IRS990/PayrollTaxesGrp/TotalAmt017859
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08081
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08464
IRS990/PrincipalOfficerNm0RYAN LIBEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MONTHLY TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0280313
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0280313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162370
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028258
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt0193529
IRS990/PYOtherRevenueAmt0103893
IRS990/PYProgramServiceRevenueAmt0328619
IRS990/PYRevenuesLessExpensesAmt032991
IRS990/PYSalariesCompEmpBnftPaidAmt0234282
IRS990/PYTotalExpensesAmt0427811
IRS990/PYTotalRevenueAmt0460802
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt016997
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0152140
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028321
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt028258
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt029419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0103268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0119854
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0309120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01946
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0459149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0436309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0385399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0363163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0409764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02053784
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt012639
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt015479
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt014643
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt010658
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt05744
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt059163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01946
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02212
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt02422067
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0500109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0480046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0429461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0477089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0535362
IRS990ScheduleA/Total509Grp/TotalAmt02422067
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0502055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0480078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0429487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0477126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0535533
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02424279
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/EquipmentGrp/DepreciationAmt03509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03509
IRS990ScheduleD/ExpensesSubtotalAmt0467792
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023674
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt095085
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0118759
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt097290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS NET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010585
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044349
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SALES TAX PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0484789
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THOUSAND WAVES FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THOUSAND WAVES FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2024. EACH OF THE ORGANIZATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE ORGANIZATION 'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034259
IRS990ScheduleD/TotalBookValueOtherAssetsAmt097290
IRS990ScheduleD/TotalExpensesPerForm990Amt0467792
IRS990ScheduleD/TotalLiabilityAmt0101303
IRS990ScheduleD/TotalRevenuePerForm990Amt0484789
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0484789
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0467792
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04735
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPIRIT CHALLENG
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0108755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0108755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0108755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0108755
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0104020
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04735
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04735

Document Assets

No mirrored PDF or thumbnail assets are attached yet.