Civic Intelligence

Seventh Wave Magazine Inc.

990EZ • Fiscal year 2021 • EIN 47-4469984

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 17, 2022

Organization ProfileTHESEVENTHWAVE.CO
1213 SW 174th PlNormandy Park, WA 98166

(562) 547-6510

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

25th percentile

-9.5%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

11th percentile

-38%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

-13%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$3,280

Down $2,001 (-38%) from 2020

Net Assets

Down

$3,280

Down $2,001 (-38%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin25th percentile

Revenue

Down

$21,066

Down $3,057 (-13%) from 2020

Expenses

Down

$23,067

Down $3,678 (-14%) from 2020

Net Income

Up

-$2,001

Up $621 (+24%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$15K$10K$5.0K$0Assets 2018: $10,061Liabilities 2018: $0Net Assets 2018: $10,0612018Assets 2019: $7,903Liabilities 2019: $0Net Assets 2019: $7,9032019Assets 2020: $5,281Liabilities 2020: $0Net Assets 2020: $5,2812020Assets 2021: $3,280Liabilities 2021: $0Net Assets 2021: $3,2802021Assets 2022: $5,269Liabilities 2022: $0Net Assets 2022: $5,2692022Assets 2023: $8,326Liabilities 2023: $0Net Assets 2023: $8,3262023Assets 2024: $1,343Liabilities 2024: $0Net Assets 2024: $1,3432024

Highlighted filing

2021

Assets$3,280
Liabilities$0
Net Assets$3,280
Open 2021 Filing

Operations Trend

Revenue Growth36th percentile

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

$100K$50K$0-$50KRevenue 2018: $17,230Expenses 2018: $60,591Net Income 2018: -$43,3612018Revenue 2019: $18,546Expenses 2019: $20,704Net Income 2019: -$2,1582019Revenue 2020: $24,123Expenses 2020: $26,745Net Income 2020: -$2,6222020Revenue 2021: $21,066Expenses 2021: $23,067Net Income 2021: -$2,0012021Revenue 2022: $18,428Expenses 2022: $16,439Net Income 2022: $1,9892022Revenue 2023: $33,819Expenses 2023: $30,762Net Income 2023: $3,0572023Revenue 2024: $60,593Expenses 2024: $67,576Net Income 2024: -$6,9832024

Highlighted filing

2021

Revenue$21,066
Expenses$23,067
Net Income-$2,001
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 17, 2022
Return Version
2021v4.2
Gross Receipts
$21,066
Mission and Program Overview

Mission

To educate the public and advance the arts by publishing a digital and print magazine featuring art, essays, and editorials on topics relating to social issues,conducting performances of literature, theater, dance, and other performing arts, and conducting educational lectures, panels, workshops and discussion forums about the arts and social issues.

To educate the public and advance the arts by publishing a digital magazine featuring art, essays, and editorials on topics relating to social issues, conducting performances of literature, theater, dance, and other performing arts, and conducting educational lectures, panels, workshops and discussion forums about the arts and social issues.

Program Services

DescriptionGrantsExpenses
PUBLISHING OF MAGAZINE AND PRESENTATION OF PERFORMANCES RELATING TO SOCIAL ISSUES.$0$21,111
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOYCE CHENPresident-$0--
BRETT RAWSONVice President & Treasurer-$0--
KRISTA GAMPPERSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Seventh Wave Magazine Inc
EIN
47-4469984
Phone
5625476510
Address
1213 SW 174TH PL, NORMANDY PARK, WA 98166

Signing Officer

Name
Joyce Chen
Title
President
Phone
5625476510
Signed
2022-10-17
Discuss with paid preparer
Yes

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: marketing. Amount: 3,109. Description: website. Amount: 2,620. Description: event costs. Amount: 1,892. Description: bank fees & processing fees. Amount: 479. Description: miscellaneous . Amount: 1,477. Total to form 990-ez, line 16: 9,577.”

Raw XML Appendix140 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum05625476510
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01213 SW 174TH PL
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NORMANDY PARK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098166
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05281
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IRS990EZ/GrossReceiptsAmt021066
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IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05281
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03280
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KRISTA GAMPPER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT & TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09577
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO EDUCATE THE PUBLIC AND ADVANCE THE ARTS BY PUBLISHING A DIGITAL MAGAZINE FEATURING ART, ESSAYS, AND EDITORIALS ON TOPICS RELATING TO SOCIAL ISSUES, CONDUCTING PERFORMANCES OF LITERATURE, THEATER, DANCE, AND OTHER PERFORMING ARTS, AND CONDUCTING EDUCATIONAL LECTURES, PANELS, WORKSHOPS AND DISCUSSION FORUMS ABOUT THE ARTS AND SOCIAL ISSUES.
IRS990EZ/ProgramServiceRevenueAmt0995
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PUBLISHING OF MAGAZINE AND PRESENTATION OF PERFORMANCES RELATING TO SOCIAL ISSUES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt021111
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt04518
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt023067
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THESEVENTHWAVE.CO
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020071
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt024123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt080471
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05995
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt080471
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020071
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012231
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt080471
IRS990ScheduleA/TotalSupportAmt080471
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MARKETING. AMOUNT: 3,109. DESCRIPTION: WEBSITE. AMOUNT: 2,620. DESCRIPTION: EVENT COSTS. AMOUNT: 1,892. DESCRIPTION: BANK FEES & PROCESSING FEES. AMOUNT: 479. DESCRIPTION: MISCELLANEOUS . AMOUNT: 1,477. TOTAL TO FORM 990-EZ, LINE 16: 9,577.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOYCE CHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05625476510
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-17
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ReturnHeader/Filer/PhoneNum05625476510
ReturnHeader/Filer/USAddress/AddressLine1Txt01213 SW 174TH PL
ReturnHeader/Filer/USAddress/CityNm0NORMANDY PARK
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02022-10-17T14:30:38-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOYCE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,280
Liabilities
$0
Net assets
$3,280
Revenue
$21,066
Expenses
$23,067
Net income
-$2,001
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$60.6$67.6$6.98
2023Detailed filing. Detailed filing data is available for this year.$8.33$0.00$8.33$33.8$30.8$3.06
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.00$5.27$18.4$16.4$1.99
2021Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$21.1$23.1$2.00
2020Detailed filing. Detailed filing data is available for this year.$5.28$0.00$5.28$24.1$26.7$2.62
2019Detailed filing. Detailed filing data is available for this year.$7.90$0.00$7.90$18.5$20.7$2.16
2018Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$17.2$60.6$43.4