Civic Intelligence

West Africa Vocational Education Inc

EIN 47-2300678 • 501(c)3 • Wilmington, DE

Profile

WAVE's mission is to transform the economic potential of disadvantaged West African youth with access to employment opportunities that enhance their social mobility.

1209 Orange StreetWilmington, DE 19801

www.waveacademies.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

10th percentile

-91%

Higher net margin than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

13th percentile

-87%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-78%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$28,112

Down $181,595 (-87%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$28,112

Down $181,595 (-87%) from 2023

Revenue

Down

$51,777

Down $185,591 (-78%) from 2023

Expenses

Up

$98,866

Up $43,699 (+79%) from 2023

Net Income

Down

-$47,089

Down $229,290 (-126%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $268,807Liabilities 2015: $0Net Assets 2015: $268,8072015Assets 2016: $83,685Liabilities 2016: $0Net Assets 2016: $83,6852016Assets 2017: $276,076Liabilities 2017: $0Net Assets 2017: $276,0762017Assets 2018: $39,806Liabilities 2018: $0Net Assets 2018: $39,8062018Assets 2019: $53,732Liabilities 2019: $0Net Assets 2019: $53,7322019Assets 2020: $47,061Liabilities 2020: $0Net Assets 2020: $47,0612020Assets 2021: $27,449Liabilities 2021: $0Net Assets 2021: $27,4492021Assets 2022: $101,000Liabilities 2022: $0Net Assets 2022: $101,0002022Assets 2023: $209,707Liabilities 2023: $0Net Assets 2023: $209,7072023Assets 2024: $28,112Liabilities 2024: $0Net Assets 2024: $28,1122024

Highlighted filing

2024

Assets$28,112
Liabilities$0
Net Assets$28,112

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $573,879Expenses 2015: $305,072Net Income 2015: $268,8072015Revenue 2016: $533,947Expenses 2016: $644,127Net Income 2016: -$110,1802016Revenue 2017: $713,011Expenses 2017: $520,619Net Income 2017: $192,3922017Revenue 2018: $42,391Expenses 2018: $278,661Net Income 2018: -$236,2702018Revenue 2019: $277,039Expenses 2019: $263,113Net Income 2019: $13,9262019Revenue 2020: $81,760Expenses 2020: $88,431Net Income 2020: -$6,6712020Revenue 2021: $29,500Expenses 2021: $48,934Net Income 2021: -$19,4342021Revenue 2022: $103,000Expenses 2022: $29,449Net Income 2022: $73,5512022Revenue 2023: $237,368Expenses 2023: $55,167Net Income 2023: $182,2012023Revenue 2024: $51,777Expenses 2024: $98,866Net Income 2024: -$47,0892024

Highlighted filing

2024

Revenue$51,777
Expenses$98,866
Net Income-$47,089

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 6, 2025
Return Version
2024v5.2
Gross Receipts
$51,777
Mission and Program Overview

Mission

Wave's mission is to transform the economic potential of disadvantaged west african youth with access to employment opportunities that enhance their social mobility.

To level the playing field for underserved african youth by building an ecosystem that supports relevant skills development and increased incomes for work-ready youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$209,707$28,112▼ $181,595
Total Assets$209,707$28,112▼ $181,595
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$209,707$28,112▼ $181,595
Total Net Assets Fund Balance$209,707$28,112▼ $181,595
Total Liabilities and Net Assets / Fund Balance$209,707$28,112▼ $181,595
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$51,777
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$51,777
Change in Net Assets
$-47,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,866
Total Fundraising Expense$36,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,000$3,500$36,000$89,500
Fees for Services Accounting-$3,207-$3,207
Conferences and Meetings-$2,511-$2,511
Travel-$1,820-$1,820
Other Expenses-$322-$322
Total Functional Expenses$50,000$12,866$36,000$98,866
International Activity

International Summary

Offices
0
Employees
0
Spending
$50,000

International Compliance

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
Zendesk It TrainingZendesk It TrainingZendesk It Training--$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
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

SENT THROUGH EMAIL

Form 990, Part VI, Section B, Line 15

Compensation under review by bot

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
West Africa Vocational Education Inc
EIN
47-2300678
Phone
3014740304
Address
1209 ORANGE STREET, WILMINGTON, DE 19801

Signing Officer

Name
Seun Okanlawon
Title
Financial Management Co-ordina
Phone
3014740304
Signed
2025-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Orighomisan Rewane
Formed
2015
Legal Domicile
De
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
1

Preparer

Firm
Scrubbednet LLC
Address
ONE SANSOME STREET SUITE 3500 PMB, 6006, SAN FRANCISCO, CA 94104
Preparer
Isagani Ferdinand Laguisma
Phone
4159942036
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Zendesk it training program in lagos, nigeria

Form 990, Part IX, Line 11G

Other fees: program service expenses 50,000. Management and general expenses 3,500. Fundraising expenses 36,000. Total expenses 89,500.

Financial Statement Notes

PART IV, LINE 1B:

The organization holds funds in a fiduciary capacity for another entity pursuant to a fiscal sponsorship or similar arrangement. Therefore, amounts received and disbursed are not reported as revenue or expenses on form 990. Consistent with irs instructions and gaap, the funds are disclosed in schedule d, part iv, with related cash and offsetting liability reflected on the balance sheet (part x). The organization acts solely as a custodian or fiscal agent for these funds.

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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd094114
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0100000
IRS990ScheduleG/TotalNetToOrganizationAmt064000
IRS990ScheduleG/TotalRetainedByContractorsAmt036000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ZENDESK IT TRAINING PROGRAM IN LAGOS, NIGERIA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SENT THROUGH EMAIL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION UNDER REVIEW BY BOT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES: PROGRAM SERVICE EXPENSES 50,000. MANAGEMENT AND GENERAL EXPENSES 3,500. FUNDRAISING EXPENSES 36,000. TOTAL EXPENSES 89,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WAVE EMPOWERMENT INITIATIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt0SPENCER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0YABA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0NI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/ProvinceOrStateNm0LAGOS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0NI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0209707
IRS990/TotalAssetsEOYAmt028112
IRS990/TotalAssetsGrp/BOYAmt0209707
IRS990/TotalAssetsGrp/EOYAmt028112
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt051777
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012866
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt050000
IRS990/TotalFunctionalExpensesGrp/TotalAmt098866
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0209707
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028112
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt050000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051777
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0209707
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028112
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01820
IRS990/TravelGrp/TotalAmt01820
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05627 RUATAN STREET
IRS990/USAddress/CityNm0BERWYN HEIGHTS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020740
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.WAVEACADEMIES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SEUN OKANLAWON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL MANAGEMENT CO-ORDINA
ReturnHeader/BusinessOfficerGrp/PhoneNum03014740304
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST AFRICA VOCATIONAL EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0472300678
ReturnHeader/Filer/PhoneNum03014740304
ReturnHeader/Filer/USAddress/AddressLine1Txt01209 ORANGE STREET
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454572670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCRUBBEDNET LLC

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