Civic Intelligence

Save the Waves Coalition

990 • Fiscal year 2021 • EIN 36-4515216

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 18, 2022

849 Almar Ave Suite C 163Santa Cruz, CA 95060

(831) 426-6169

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.7%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$149,315

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

52nd percentile

10%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

12%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$498,551

Up $46,137 (+10%) from 2020

Net Assets

Up

$436,322

Up $32,863 (+8.1%) from 2020

Liabilities

Up

$62,229

Up $13,274 (+27%) from 2020

Revenue

Up

$1,218,711

Up $131,836 (+12%) from 2020

Expenses

Up

$1,185,848

Up $240,084 (+25%) from 2020

Net Income

Down

$32,863

Down $108,248 (-77%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $45,077Liabilities 2010: $59,651Net Assets 2010: -$14,5742010Assets 2011: $53,842Liabilities 2011: $41,985Net Assets 2011: $11,8572011Assets 2012: $77,966Liabilities 2012: $44,191Net Assets 2012: $33,7752012Assets 2013: $60,095Liabilities 2013: $24,635Net Assets 2013: $35,4602013Assets 2014: $86,049Liabilities 2014: $25,970Net Assets 2014: $60,0792014Assets 2015: $379,914Liabilities 2015: $24,480Net Assets 2015: $355,4342015Assets 2016: $458,145Liabilities 2016: $26,010Net Assets 2016: $432,1352016Assets 2017: $288,038Liabilities 2017: $174,594Net Assets 2017: $113,4442017Assets 2018: $146,265Liabilities 2018: $28,587Net Assets 2018: $117,6782018Assets 2019: $339,383Liabilities 2019: $77,035Net Assets 2019: $262,3482019Assets 2020: $452,414Liabilities 2020: $48,955Net Assets 2020: $403,4592020Assets 2021: $498,551Liabilities 2021: $62,229Net Assets 2021: $436,3222021Assets 2022: $547,037Liabilities 2022: $46,514Net Assets 2022: $500,5232022Assets 2023: $1,690,580Liabilities 2023: $63,306Net Assets 2023: $1,627,2742023Assets 2024: $1,383,856Liabilities 2024: $174,401Net Assets 2024: $1,209,4552024

Highlighted filing

2021

Assets$498,551
Liabilities$62,229
Net Assets$436,322

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $405,5302010Expenses 2011: $226,7392011Expenses 2012: $254,4462012Revenue 2013: $259,467Expenses 2013: $257,782Net Income 2013: $1,6852013Revenue 2014: $330,176Expenses 2014: $305,557Net Income 2014: $24,6192014Revenue 2015: $633,082Expenses 2015: $337,727Net Income 2015: $295,3552015Revenue 2016: $528,995Expenses 2016: $452,294Net Income 2016: $76,7012016Revenue 2017: $466,593Expenses 2017: $465,658Net Income 2017: $9352017Revenue 2018: $571,735Expenses 2018: $567,501Net Income 2018: $4,2342018Revenue 2019: $777,935Expenses 2019: $773,158Net Income 2019: $4,7772019Revenue 2020: $1,086,875Expenses 2020: $945,764Net Income 2020: $141,1112020Revenue 2021: $1,218,711Expenses 2021: $1,185,848Net Income 2021: $32,8632021Revenue 2022: $1,177,157Expenses 2022: $1,112,956Net Income 2022: $64,2012022Revenue 2023: $2,569,172Expenses 2023: $1,402,356Net Income 2023: $1,166,8162023Revenue 2024: $1,078,963Expenses 2024: $1,527,181Net Income 2024: -$448,2182024

Highlighted filing

2021

Revenue$1,218,711
Expenses$1,185,848
Net Income$32,863
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 18, 2022
Return Version
2021v4.0
Gross Receipts
$1,244,188
Mission and Program Overview

Mission

Save the Waves protects surf ecosystems around the world, forming coalitions with local communities and utilizing a unique combination of protected areas, stewardship, and grass-roots mobilization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$272,771$299,718▲ $26,947
Pledges and Grants Receivable$137,246$159,821▲ $22,575
Inventories for Sale or Use$20,119$22,350▲ $2,231
Prepaid Expenses and Deferred Charges$22,278$16,662▼ $5,616
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$452,414$498,551▲ $46,137
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$16,923$37,101▲ $20,178
Other Liabilities$24,032$24,128▲ $96
Grants Payable$8,000$1,000▼ $7,000
Total Liabilities$48,955$62,229▲ $13,274
Net Assets / Fund Balance
Net Assets With Donor Restrictions$267,683$297,567▲ $29,884
Net Assets Without Donor Restrictions$135,776$138,755▲ $2,979
Total Net Assets Fund Balance$403,459$436,322▲ $32,863
Total Liabilities and Net Assets / Fund Balance$452,414$498,551▲ $46,137
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nik Strong-CvetichCEOFT$120,703$28,612$149,315

Board Members and Trustees

NameTitle
Al RamadanChairperson
Rachel StraderVice-Chair
Annie VranizanBoard Member
Christian CharlesBoard Member
Easkey BrittonBoard Member
Eric CoBoard Member
Greg JonesBoard Member
Josh KarlinerBoard Member
Will HenryBoard Member
Scott AtkinsonSecretary
Christy ChinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,213,744
Program Service Revenue
$0
Investment Income
$209
Other Revenue
$4,758
All Other Contributions
$1,054,014
Change in Net Assets
$32,863

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$25,618Fair Market Value (FMV)
Other Non Cash Contri Table9$24,401Fair Market Value (FMV)
Other Non Cash Contri Table1$1,536Fair Market Value (FMV)
Other Non Cash Contri Table1$1,536Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Other Non Cash Contri Table1$375Fair Market Value (FMV)
Total Noncash Contributions14$53,966-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,218,711
Revenue Not Reported on Form 990
$147,402
Total Revenue per Audited Statements
$1,366,113
Total Revenue per Form 990
$1,218,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$761,685
Other Expenses$363,603
Total Fundraising Expense$143,665
Grants and Similar Amounts Paid$60,560
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,969$127,936$43,162$454,067
Fees for Services Other$154,575$17,148$37,025$208,748
Other Employee Benefits$81,298$36,816$14,799$132,913
Current Officers, Directors, Trustees, and Key Employees$75,220$34,009$11,474$120,703
Foreign Grants$60,560--$60,560
Payroll Taxes$34,862$15,010$4,130$54,002
Travel$46,857$1,168$1,222$49,247
Information Technology$5,348$10,847$373$16,568
Office Expenses$11,666$2,307$94$14,067
Fees for Services Accounting-$11,134-$11,134
Advertising$8,623$1,418$636$10,677
Occupancy$5,977$3,474$1,125$10,576
Other Expenses$826$33$4,408$5,267
Insurance$2,409$1,400$454$4,263
All Other Expenses$1,041-$2,625$3,666
Total Functional Expenses$778,517$263,666$143,665$1,185,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,333,250
Expenses per Audited Statements$1,185,848
Total Expenses per Form 990$1,185,848
Expenses Not Reported on Form 990$147,402
International Activity

International Summary

Employees
13
Spending
$132,113

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrants to recipientsProgrammatic Ind. Contractors00$42,560
Central AmericaProgram services-05$20,250
East Asia and the PacificProgram services-01$18,000
South AmericaGrants to recipientsProgrammatic Ind. Contractors00$18,000
EuropeProgram servicesProgrammatic Ind. Contractors03$16,709
South AmericaProgram servicesProgrammatic Ind. Contractors04$16,594
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liability$24,128
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, Part VI, Line 11B: Form 990 Review Process

FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE Treasurer and Executive Director. In accordance with IRS Instructions, THE TAX RETURN IS PROVIDED TO Board MEMBERS prior to its submission. A REPRESENTATIVE OF MANAGEMENT SIGNS THE E-FILE AUTHORIZATION AND THE RETURN IS THEN ELECTRONICALLY filed with THE DEPARTMENT OF THE TREASURY.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S OFFICE IN Santa Cruz, California

Filing and Contact Details

Filer

Filer Name
Save the Waves Coalition
EIN
36-4515216
Phone
8314266169
Address
849 Almar Ave Suite C 163, Santa Cruz, CA 95060

Signing Officer

Name
Nik Strong-Cvetich
Title
CEO
Phone
8314266169
Signed
2022-07-18
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
15

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Save The Waves App:Save The Waves launched Version 2 of the Save The Waves App, improving threat and sub-threat categories to improve data input. The version also included translations into Portuguese, Spanish, and French, and included data and information on the World Surfing Reserves. The second Dirty Wave Challenge was hosted, engaging new and existing community members from 14 countries and 7 U.S. states. OTHER PROGRAM SERVICES 5:

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Save The Waves is required to report information regarding its exposure to various tax positions taken by Save The Waves and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Save The Waves has adequately evaluated its current tax positions and has concluded that as of December 31, 2021, Save The Waves does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Save The Waves has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Save The Waves continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Save The Waves may periodically receive unrelated business income (such as program advertising income) requiring Save The Waves to file separate tax returns under federal and state statutes. Under such conditions, Save The Waves calculates and accrues the applicable taxes.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of Goods Sold $25477

Part XII, Line 2D: Other expenses and losses per audited F/S

Merchandise Expense $25477

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IRS990/ProgSrvcAccomActy3Grp/Desc0Save The Waves App:Save The Waves launched Version 2 of the Save The Waves App, improving threat and sub-threat categories to improve data input. The version also included translations into Portuguese, Spanish, and French, and included data and information on the World Surfing Reserves. The second Dirty Wave Challenge was hosted, engaging new and existing community members from 14 countries and 7 U.S. states.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.17$1.21$1.08$1.53$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.06$1.63$2.57$1.40$1.17
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.05$0.50$1.18$1.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.06$0.44$1.22$1.19$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$1.09$0.95$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.08$0.26$0.78$0.77$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.03$0.12$0.57$0.57$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.17$0.11$0.47$0.47$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.03$0.43$0.53$0.45$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.63$0.34$0.30
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.03$0.06$0.33$0.31$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.06$0.02$0.04$0.26$0.26$0.00
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.04$0.03$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.04$0.01$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.06$0.01$0.41