Civic Intelligence

Thousand Waves Foundation Nfp

990 • Fiscal year 2022 • EIN 36-4471839

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 03, 2023

Organization ProfileWWW.THOUSANDWAVES.ORG
1220 W Belmont AvenueChicago, IL 60657-3207

(773) 472-7663

Siviq Scores

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

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

28th percentile

-8.2%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$66,416

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

34th percentile

-7.6%

Faster asset growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-11%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$402,204

Down $32,941 (-7.6%) from 2021

Net Assets

Down

$378,552

Down $33,900 (-8.2%) from 2021

Liabilities

Up

$23,652

Up $959 (+4.2%) from 2021

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin28th percentile

Revenue

Down

$415,751

Down $49,307 (-11%) from 2021

Expenses

Up

$449,651

Up $36,946 (+9.0%) from 2021

Net Income

Down

-$33,900

Down $86,253 (-165%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$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

2022

Assets$402,204
Liabilities$23,652
Net Assets$378,552
Open 2022 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$415,751
Expenses$449,651
Net Income-$33,900
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 3, 2023
Return Version
2022v5.0
Gross Receipts
$429,487
Mission and Program Overview

Mission

Martial arts and self defense instructions

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$255,202$255,228▲ $26
Cash and Non-Interest-Bearing Accounts$120,341$105,309▼ $15,032
Land, Buildings, and Equipment, Net$42,866$34,347▼ $8,519
Prepaid Expenses and Deferred Charges$16,736$7,320▼ $9,416
Total Assets$435,145$402,204▼ $32,941
Liabilities
Other Liabilities$14,635$16,205▲ $1,570
Accounts Payable and Accrued Expenses$8,058$7,447▼ $611
Total Liabilities$22,693$23,652▲ $959
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$412,452$378,552▼ $33,900
Total Net Assets Fund Balance$412,452$378,552▼ $33,900
Total Liabilities and Net Assets / Fund Balance$435,145$402,204▼ $32,941

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$30,292$88,467$118,759
Other Land Buildings$3,704$38,230$41,934
Equipment$351$3,158$3,509
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ryan LibelExecutive DiFT$66,416$66,416

Board Members and Trustees

NameTitle
Lisa May SimpsonChair
Alice HollowedDirector
Heather EricksonDirector
Jeffrey StoneDirector
Justine HousemanDirector
Marla CohenDirector
Mark HubertSecretary
Betsy PancikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,419
Program Service Revenue
$296,948
Investment Income
$26
Other Revenue
$89,358
All Other Contributions
$29,419
Change in Net Assets
$-33,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$415,751
Total Revenue per Audited Statements
$415,751
Total Revenue per Form 990
$415,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$248,597
Other Expenses$201,054
Total Fundraising Expense$27,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$129,241$13,415$132$142,788
Occupancy$88,508$10,292$4,117$102,917
Current Officers, Directors, Trustees, and Key Employees$46,491$3,321$16,604$66,416
Fees for Services Accounting$21,734$2,527$1,011$25,272
Payroll Taxes$16,884$1,608$1,608$20,100
Other Employee Benefits$16,207$1,543$1,543$19,293
Depreciation Depletion$11,532$1,341$536$13,409
All Other Expenses$8,252$960$384$9,596
Insurance$8,200$954$381$9,535
Other Expenses$5,905$687$275$6,867
Office Expenses$2,885$336$134$3,355
Total Functional Expenses$381,728$39,994$27,929$449,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$449,651
Total Expenses per Audited Statements$449,651
Total Expenses per Form 990$449,651
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$88,451
Fundraising Direct Expenses$4,324
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spirit Challeng$88,451$88,451$4,324$84,127
Total Events$88,451$88,451$4,324$84,127
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other$8,178
Payroll Payable$8,027
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
2023-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Libel
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
103

Preparer

Firm
Kopczyk Osher & Scott CPA Services
Address
4415 HARRISON ST STE 552, HILLSIDE, IL 60162-1911
Preparer
Rodney C Scott
Phone
3125270111
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Cost of merchandise sales netted 0 against revenue 0”

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, 2022. 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, 2022.”

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

“Cost of merchandise sales netted 0 against revenue 0”

Raw XML AppendixShowing 400 of 474 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/BOYAmt08058
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07447
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MARTIAL ARTS AND SELF DEFENSE INSTRUCTIONS
IRS990/AllOtherContributionsAmt029419
IRS990/AllOtherExpensesGrp/FundraisingAmt0384
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0960
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08252
IRS990/AllOtherExpensesGrp/TotalAmt09596
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/BOYAmt0120341
IRS990/CashNonInterestBearingGrp/EOYAmt0105309
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt016604
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt03321
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt046491
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt066416
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt09412
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt029419
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt026
IRS990/CYOtherExpensesAmt0201054
IRS990/CYOtherRevenueAmt089358
IRS990/CYProgramServiceRevenueAmt0296948
IRS990/CYRevenuesLessExpensesAmt0-33900
IRS990/CYSalariesCompEmpBnftPaidAmt0248597
IRS990/CYTotalExpensesAmt0449651
IRS990/CYTotalFundraisingExpenseAmt027929
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0415751
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0536
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01341
IRS990/DepreciationDepletionGrp/ProgramServicesAmt011532
IRS990/DepreciationDepletionGrp/TotalAmt013409
IRS990/Desc0PROVIDE MARTIAL ARTS AND SELF-DEFENSE EDUCATION TO 350 PEOPLE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0381728
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt01011
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02527
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt021734
IRS990/FeesForServicesAccountingGrp/TotalAmt025272
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/AverageHoursPerWeekRt840.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0LISA MAY SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm1BETSY PANCIK
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK HUBERT
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFFREY STONE
IRS990/Form990PartVIISectionAGrp/PersonNm4JUSTINE HOUSEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5ALICE HOLLOWED
IRS990/Form990PartVIISectionAGrp/PersonNm6MARLA COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7HEATHER ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm8RYAN 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/ReportableCompFromOrgAmt866416
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt04324
IRS990/FundraisingGrossIncomeAmt088451
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0429487
IRS990/GrossSalesOfInventoryAmt014643
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt0381
IRS990/InsuranceGrp/ManagementAndGeneralAmt0954
IRS990/InsuranceGrp/ProgramServicesAmt08200
IRS990/InsuranceGrp/TotalAmt09535
IRS990/InvestmentIncomeGrp/ExclusionAmt026
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0129855
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042866
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034347
IRS990/LandBldgEquipCostOrOtherBssAmt0164202
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/NetAssetsOrFundBalancesBOYAmt0412452
IRS990/NetAssetsOrFundBalancesEOYAmt0378552
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt084127
IRS990/NetIncomeOrLossGrp/ExclusionAmt05231
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt05231
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0412452
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0378552
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt04117
IRS990/OccupancyGrp/ManagementAndGeneralAmt010292
IRS990/OccupancyGrp/ProgramServicesAmt088508
IRS990/OccupancyGrp/TotalAmt0102917
IRS990/OfficeExpensesGrp/FundraisingAmt0134
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0336
IRS990/OfficeExpensesGrp/ProgramServicesAmt02885
IRS990/OfficeExpensesGrp/TotalAmt03355
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01543
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01543
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016207
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019293
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1BANK & SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc2MARKETING
IRS990/OtherExpensesGrp/Desc3COMPUTER EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt0478
IRS990/OtherExpensesGrp/FundraisingAmt1378
IRS990/OtherExpensesGrp/FundraisingAmt2348
IRS990/OtherExpensesGrp/FundraisingAmt3275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1945
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2870
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3687
IRS990/OtherExpensesGrp/ProgramServicesAmt010278
IRS990/OtherExpensesGrp/ProgramServicesAmt18129
IRS990/OtherExpensesGrp/ProgramServicesAmt27482
IRS990/OtherExpensesGrp/ProgramServicesAmt35905
IRS990/OtherExpensesGrp/TotalAmt011951
IRS990/OtherExpensesGrp/TotalAmt19452
IRS990/OtherExpensesGrp/TotalAmt28700
IRS990/OtherExpensesGrp/TotalAmt36867
IRS990/OtherLiabilitiesGrp/BOYAmt014635
IRS990/OtherLiabilitiesGrp/EOYAmt016205
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0132
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013415
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0129241
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142788
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01608
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01608
IRS990/PayrollTaxesGrp/ProgramServicesAmt016884
IRS990/PayrollTaxesGrp/TotalAmt020100
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016736
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07320
IRS990/PrincipalOfficerNm0RYAN LIBEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MONTHLY TUITION
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOCKER RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0259282
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23139
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0259282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23139
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0103268
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037
IRS990/PYOtherExpensesAmt0174255
IRS990/PYOtherRevenueAmt087082
IRS990/PYProgramServiceRevenueAmt0274671
IRS990/PYRevenuesLessExpensesAmt052353
IRS990/PYSalariesCompEmpBnftPaidAmt0238450
IRS990/PYTotalExpensesAmt0412705
IRS990/PYTotalRevenueAmt0465058
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-33900
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0255202
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0255228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt029419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0103268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0119854
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt098605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0113146
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0464292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0385399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0363163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0409764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0454390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0654231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02266947
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt014643
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt010658
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt05744
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt021421
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt023739
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt076205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0611
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt02807444
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0429461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0477089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0535362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0574416
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0791116
IRS990ScheduleA/Total509Grp/TotalAmt02807444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0429487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0477126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0535533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0574749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0791160
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02808055
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/BookValueAmt0351
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03509
IRS990ScheduleD/ExpensesSubtotalAmt0449651
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt030292
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt088467
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0118759
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03704
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038230
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0415751
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, 2022. 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, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF MERCHANDISE SALES NETTED 0 AGAINST REVENUE 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034347
IRS990ScheduleD/TotalExpensesPerForm990Amt0449651
IRS990ScheduleD/TotalLiabilityAmt016205
IRS990ScheduleD/TotalRevenuePerForm990Amt0415751
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0415751
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0449651
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04324
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPIRIT CHALLENG
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt088451
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt088451
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt088451
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt088451
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt084127
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04324
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04324
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER READS & SIGNS THE CONFLICT OF INTEREST DOCUMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS AND IS APPROVED AS PART OF THE BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS AND IS APPROVED AS PART OF THE BUDGET PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COST OF MERCHANDISE SALES NETTED 0 AGAINST REVENUE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$402,204
Liabilities
$23,652
Net assets
$378,552
Revenue
$415,751
Expenses
$449,651
Net income
-$33,900
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