Civic Intelligence

Wave Pool Corp

EIN 47-5054823 • 501(c)3 • Cincinnati, OH

Profile

Wave Pool Contemporary Art Center's purpose

2940 Colerain AveCincinnati, OH 45225

www.wavepoolgallery.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.68x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

94th percentile

1.67x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

38th percentile

-0.7%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

51st percentile

3.3%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-42%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$562,392

Up $103,605 (+23%) from 2022

Liabilities

Up

$378,131

Up $340,540 (+906%) from 2022

Net Assets

Down

$184,261

Down $236,935 (-56%) from 2022

Revenue

Down

$403,451

Down $120,821 (-23%) from 2022

Expenses

Down

$505,473

Down $122,300 (-19%) from 2022

Net Income

Up

-$102,022

Up $1,479 (+1.4%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $149,623Liabilities 2017: $5,321Net Assets 2017: $144,3022017Assets 2018: $191,255Liabilities 2018: $12,290Net Assets 2018: $178,9652018Assets 2019: $185,510Liabilities 2019: $8,673Net Assets 2019: $176,8372019Assets 2020: $312,724Liabilities 2020: $30,627Net Assets 2020: $282,0972020Assets 2021: $573,921Liabilities 2021: $26,508Net Assets 2021: $547,4132021Assets 2022: $458,787Liabilities 2022: $37,591Net Assets 2022: $421,1962022Assets 2024: $562,392Liabilities 2024: $378,131Net Assets 2024: $184,2612024

Highlighted filing

2024

Assets$562,392
Liabilities$378,131
Net Assets$184,261

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $226,589Expenses 2017: $98,278Net Income 2017: $128,3112017Revenue 2018: $232,224Expenses 2018: $197,561Net Income 2018: $34,6632018Revenue 2019: $218,299Expenses 2019: $212,856Net Income 2019: $5,4432019Revenue 2020: $413,798Expenses 2020: $308,538Net Income 2020: $105,2602020Revenue 2021: $737,630Expenses 2021: $472,314Net Income 2021: $265,3162021Revenue 2022: $524,272Expenses 2022: $627,773Net Income 2022: -$103,5012022Revenue 2024: $403,451Expenses 2024: $505,473Net Income 2024: -$102,0222024

Highlighted filing

2024

Revenue$403,451
Expenses$505,473
Net Income-$102,022

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$405,283
Mission and Program Overview

Mission

Wave Pool Contemporary Art Centers purpose is to exhibit, educate, and support artists and help provide services to the community by guest artists, programs, and other events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,984$387,597▲ $358,613
Land, Buildings, and Equipment, Net$66,847$58,903▼ $7,944
Pledges and Grants Receivable$142,095$53,980▼ $88,115
Investments in Publicly Traded Securities$63,485$47,021▼ $16,464
Inventories for Sale or Use$11,480$10,791▼ $689
Prepaid Expenses and Deferred Charges$3,852$4,100▲ $248
Total Assets$316,743$562,392▲ $245,649
Liabilities
Other Liabilities$0$352,410▲ $352,410
Accounts Payable and Accrued Expenses$20,040$25,721▲ $5,681
Total Liabilities$20,040$378,131▲ $358,091
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,020$184,261▼ $17,759
Net Assets With Donor Restrictions$94,683--
Total Net Assets Fund Balance$296,703$184,261▼ $112,442
Total Liabilities and Net Assets / Fund Balance$316,743$562,392▲ $245,649

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$39,399$38,789$78,188
Equipment$19,504-$19,504
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carrington BroemanInterim Executive DirectorFT$71,738$71,738

Board Members and Trustees

NameTitle
Jenna ShaiferBoard Chair
Lee BowerVice Chair and Treasurer
Diane FishbeinMember
Michael MannMember
Sara Vance WaddellMember
Geoffrey CullenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$293,944
Program Service Revenue
$102,909
Investment Income
$0
Other Revenue
$6,598
All Other Contributions
$106,911
Change in Net Assets
$-102,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,798
Salaries, Compensation, and Employee Benefits$232,675
Total Fundraising Expense$32,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,108$58,744$12,514$165,366
Current Officers, Directors, Trustees, and Key Employees$40,385$13,462$13,462$67,309
Occupancy$23,197$12,454$4,480$40,131
Fees for Services Other$11,444$25,681$76$37,201
Office Expenses$1,293$7,884$250$9,427
Fees for Services Accounting$0$8,927$0$8,927
Depreciation Depletion$4,595$2,467$887$7,949
Insurance$3,348$1,797$647$5,792
All Other Expenses$0$1,953$0$1,953
Travel$975$524$188$1,687
Information Technology$0$641$0$641
Other Expenses$-6,793$0$0$-6,793
Total Functional Expenses$338,435$134,534$32,504$505,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,040
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Geoffrey and Calcagno CullenLandlord is former Executive DirectRent space in two buildings and related utilitiesNo$31,436
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal sponsor pass through funds$352,410
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Wave Pool Corp
EIN
47-5054823
Phone
5136006117
Address
2940 Colerain Ave, Cincinnati, OH 45225

Signing Officer

Name
Geoffrey Cullen
Title
Board Secretary
Phone
5136006117
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Britni Bicknaver
Formed
2015
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
30

Preparer

Firm
Locey Mitchell & Associates Ltd
Address
4760 Red Bank Expressway Suite 222, Cincinnati, OH 45227
Preparer
Emily Mitchell
Phone
5132813333
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

Minutes were documented at board meetings.

Pt VI, Line 12C

Minutes were documented at board meetings.

Pt VI, Line 11B

The draft of the 990 is sent to the board members for review before finalizing.

Financial Statement Notes

Pt X, Line 2

The organization is exempt from federal income taxes under Section 501 (c)(3)of the Internal Revenue Code. Therefore, no provision for income taxes has been made in these financial statements. The Organization is classified as an organization rather than a private foundation under Secton 509 (a) (2). The organization is also exempt from state income taxes under the applicable state revenue and taxation codes. Management does not believe the financial statements include any uncertain tax positions.

Pt XI, Line 4B

Fundraising costs and cost of sales are netted against related income on the tax return but income and expense are reported gross on the audited financial statements.

Pt XII, Line 2D

Fundraising costs and cost of sales are netted against related income on the tax return but income and expense are reported gross on the audited financial statements.

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IRS990/Desc0We inititate and support artist driven creative placemaking projects and exhibiting work that stretches beyond our gallery walls through interactive projects that proactively help our neighbors. We work with partner organizations to tackle tough problems through asset based development and center artist-driven solutions. These projects include more traditional gallery exhibitions as well as projects taking place in public space and with other partner organizations.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Welcome project - The Welcome Project is a social enterprise that combines a small market, food pantry and teaching kitchen with a boutique and makers space to train our newest neighbors in store management and art skills while bringing new life to the business district of Camp Washington, Cincinnati. Welcomes mission is to empower marginalized and at risk refugees and immigrants by providing jobs, education and skills training, in order to provide them with a better life and foster greater understanding and compassion in our city. We are working with refugees and immigrant artists and home chefs to mentor them toward achieving their business goals.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Studio and woodshop space rental - Wave Pool has always been a space not just for art viewing, but for making, artistic development, and community building. A large part of our space is dedicated for below- market-rate artist studio rentals as well as a community woodshop and ceramics studio. By renting a studio, artists are instantly connected to a community of artists and artistic programming that happens at Wave Pool and are often participants in our artistic critique nights as well as are the first community members we call upon to hire when we need something built or designed. Wave Pools wood shop regular community hours where anyone is welcome to learn how to use a tool, take a class, or build a personal project. We also have resources and space for weekly open community ceramics classes. We have scholarships available for folks that cannot normally afford to take these classes, and also now have a tool library available for neighborhood residents to borrow tools to use at home for projects.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06814
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt017096
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0390998
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0391
IRS990/PYOtherExpensesAmt0387249
IRS990/PYOtherRevenueAmt030871
IRS990/PYProgramServiceRevenueAmt041755
IRS990/PYRevenuesLessExpensesAmt0-141357
IRS990/PYSalariesCompEmpBnftPaidAmt0218123
IRS990/PYTotalExpensesAmt0605372
IRS990/PYTotalRevenueAmt0464015
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-102022
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt083750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt089500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt082000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt020750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0282000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0155275
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0629525
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Workers comp refund 2019: 1199. 2020: 6116. 2021: 11. 2022: 29. Description: Miscellaneous rev 2020: 313. 2021: 46. 2022: 451.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0293944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0390998
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0309042
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0556386
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0330699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01881069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01496
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0110547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt077563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0217349
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0158369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt035668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0599496
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01496
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02521
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0480
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06429
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01199
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08165
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.74300
IRS990ScheduleA/PublicSupportPY509Pct00.63410
IRS990ScheduleA/PublicSupportTotal509Amt01851040
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt089500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt082000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt020750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0282000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0155275
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0629525
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0404491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0468561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0526391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0714755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0366367
IRS990ScheduleA/Total509Grp/TotalAmt02480565
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02491251
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/BookValueAmt019504
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019504
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039399
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038789
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt078188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0352410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Fiscal sponsor pass through funds
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization is exempt from federal income taxes under Section 501 (c)(3)of the Internal Revenue Code. Therefore, no provision for income taxes has been made in these financial statements. The Organization is classified as an organization rather than a private foundation under Secton 509 (a) (2). The organization is also exempt from state income taxes under the applicable state revenue and taxation codes. Management does not believe the financial statements include any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising costs and cost of sales are netted against related income on the tax return but income and expense are reported gross on the audited financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising costs and cost of sales are netted against related income on the tax return but income and expense are reported gross on the audited financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058903
IRS990ScheduleD/TotalLiabilityAmt0352410
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Geoffrey and Calcagno Cullen
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Landlord is former Executive Direct
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt031436
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Rent space in two buildings and related utilities
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minutes were documented at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Minutes were documented at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The draft of the 990 is sent to the board members for review before finalizing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0316743
IRS990/TotalAssetsEOYAmt0562392
IRS990/TotalAssetsGrp/BOYAmt0316743
IRS990/TotalAssetsGrp/EOYAmt0562392
IRS990/TotalCompGreaterThan150KInd0false

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