Civic Intelligence

Save the Waves Coalition

990 • Fiscal year 2022 • EIN 36-4515216

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

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

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

47th percentile

5.5%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

66th percentile

9.7%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-3.4%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$547,037

Up $48,486 (+9.7%) from 2021

Net Assets

Up

$500,523

Up $64,201 (+15%) from 2021

Liabilities

Down

$46,514

Down $15,715 (-25%) from 2021

Revenue

Down

$1,177,157

Down $41,554 (-3.4%) from 2021

Expenses

Down

$1,112,956

Down $72,892 (-6.1%) from 2021

Net Income

Up

$64,201

Up $31,338 (+95%) from 2021

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

2022

Assets$547,037
Liabilities$46,514
Net Assets$500,523

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

2022

Revenue$1,177,157
Expenses$1,112,956
Net Income$64,201
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,204,799
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$299,718$319,743▲ $20,025
Pledges and Grants Receivable$159,821$188,069▲ $28,248
Inventories for Sale or Use$22,350$22,748▲ $398
Prepaid Expenses and Deferred Charges$16,662$16,477▼ $185
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$498,551$547,037▲ $48,486
Other Assets Total-$0-
Liabilities
Other Liabilities$24,128$27,838▲ $3,710
Accounts Payable and Accrued Expenses$37,101$18,176▼ $18,925
Grants Payable$1,000$500▼ $500
Total Liabilities$62,229$46,514▼ $15,715
Net Assets / Fund Balance
Net Assets With Donor Restrictions$297,567$347,051▲ $49,484
Net Assets Without Donor Restrictions$138,755$153,472▲ $14,717
Total Net Assets Fund Balance$436,322$500,523▲ $64,201
Total Liabilities and Net Assets / Fund Balance$498,551$547,037▲ $48,486
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nik Strong-CvetichCEOFT$115,342$28,429$143,771

Board Members and Trustees

NameTitle
Al RamadanCo-Chairperson
Rachel StraderCo-Chairperson
Scott AtkinsonVice-Chair
Annie VranizanBoard Member
Christian CharlesBoard Member
Easkey BrittonBoard Member
Greg JonesBoard Member
Josh KarlinerBoard Member
Rahim WalkerBoard Member
Will HenryBoard Member
Eric CoSecretary
Christy ChinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,181,327
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-4,170
All Other Contributions
$1,159,282
Change in Net Assets
$64,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$866,121
Other Expenses$221,805
Total Fundraising Expense$83,675
Grants and Similar Amounts Paid$25,030
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,388$152,794$37,084$532,266
Other Employee Benefits$88,674$42,204$8,626$139,504
Current Officers, Directors, Trustees, and Key Employees$74,195$33,111$8,036$115,342
Fees for Services Other$64,188$8,569$1,000$73,757
Payroll Taxes$45,811$15,396$3,272$64,479
Travel$52,212$300$190$52,702
Foreign Grants$25,030--$25,030
Occupancy$13,469$6,039$1,400$20,908
Information Technology$3,216$11,956-$15,172
Pension Plan Contributions$9,328$4,192$1,010$14,530
Fees for Services Accounting-$11,592-$11,592
Other Expenses$1,922$31$3,497$5,450
Insurance-$5,232-$5,232
Office Expenses$1,623$547$288$2,458
Advertising$37$999-$1,036
All Other Expenses$2,616$184$-2,438$362
Total Functional Expenses$735,193$294,088$83,675$1,112,956
International Activity

International Summary

Employees
14
Spending
$115,596

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
Central AmericaProgram servicesProgrammatic Ind. Contractors02$65,566
EuropeProgram servicesProgrammatic Ind. Contractors04$15,200
Central AmericaGrants to recipients-03$10,030
EuropeGrants to recipientsProgrammatic Ind. Contractors01$10,000
East Asia and the PacificProgram services-01$6,000
South AmericaGrants to recipientsProgrammatic Ind. Contractors01$5,000
South AmericaProgram servicesContractors and staff01$2,000
North AmericaProgram services-01$1,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,917
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$27,838
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

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

Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose 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, Section B, Line 15A

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, Section B, Line 15B

Compensation of other personnel and highly compensated 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, Section C, Line 19

All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.

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
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
7

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 4: Save The Waves App:Save The Waves continued to utilize the Save The Waves App to support stewardship efforts across the globe, increasing the userbase by 26%. We advocated for the use of the App in our programmatic sites to increase efficiencies, reporting of threats, and support our local community partners with actionable data provided in real-time. We increased our data partners, beginning at least 10 new partnerships with conservation-based and data-based organizations in 5 of our 7 active programmatic regions. We increased our in-person training sessions, resulting in higher downloads and use of the App.

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IRS990/MissionDesc0Save 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0World Surfing Reserves:In 2022, Save The Waves continued to expand and improve the World Surfing Reserves (WSRs) Program, implementing the following: 1) Completed key work with the Local Stewardship Council in North Devon, United Kingdom, to develop the stewardship plan and identify key projects to support conservation efforts; and 2) implementing a restoration project at the Quebrada micro-watershed at the Playa Hermosa World Surfing Reserve in Costa Rica; and 3) strengthened the Ericeira World Surfing Reserve program, forwarding conversations with the municipality for legal protection of the WSR in Portugal.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Campaigns, Tools, Outreach:Through campaigns, tools, and outreach, Save The Waves: 1) presented at the UN Ocean Conference in Portugal and Our Ocean Conference in Palau, representing surfers and securing commitments to include surf breaks in conservation efforts; 2) continued efforts to save Punta Conejo, raising the alarm about a PEMEX oil spill and called for protected areas around three surf sports, and 1,100 hectares of mangrove wetlands; and 3) created an innovative scheme for the worlds first surf ecosystem insurance.
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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