Civic Intelligence

Big Waves Foundation Inc.

990 • Fiscal year 2021 • EIN 61-1913895

Jan 01, 2021 to Dec 31, 2021 • Filed on May 04, 2022

14622 Stellas Meadow DriveBroomfield, CO 80023

(720) 393-0499

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

81st percentile

45%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

70%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$406,182

Up $125,165 (+45%) from 2020

Net Assets

Up

$406,106

Up $125,508 (+45%) from 2020

Liabilities

Down

$76

Down $343 (-82%) from 2020

Revenue

Up

$165,694

Up $68,313 (+70%) from 2020

Expenses

Up

$40,120

Up $12,850 (+47%) from 2020

Net Income

Up

$125,574

Up $55,463 (+79%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $211,838Liabilities 2019: $176Net Assets 2019: $211,6622019Assets 2020: $281,017Liabilities 2020: $419Net Assets 2020: $280,5982020Assets 2021: $406,182Liabilities 2021: $76Net Assets 2021: $406,1062021Assets 2022: $476,074Liabilities 2022: $126Net Assets 2022: $475,9482022Assets 2023: $489,200Liabilities 2023: $637Net Assets 2023: $488,5632023Assets 2024: $591,137Liabilities 2024: $1,701Net Assets 2024: $589,4362024

Highlighted filing

2021

Assets$406,182
Liabilities$76
Net Assets$406,106

Operations Trend

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

$300K$200K$100K$0Revenue 2019: $225,073Expenses 2019: $14,695Net Income 2019: $210,3782019Revenue 2020: $97,381Expenses 2020: $27,270Net Income 2020: $70,1112020Revenue 2021: $165,694Expenses 2021: $40,120Net Income 2021: $125,5742021Revenue 2022: $138,269Expenses 2022: $68,152Net Income 2022: $70,1172022Revenue 2023: $85,609Expenses 2023: $73,051Net Income 2023: $12,5582023Revenue 2024: $200,181Expenses 2024: $99,308Net Income 2024: $100,8732024

Highlighted filing

2021

Revenue$165,694
Expenses$40,120
Net Income$125,574
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 4, 2022
Return Version
2021v4.0
Gross Receipts
$759,231
Mission and Program Overview

Mission

Our mission is to encourage positive mind and body health by providing opportunity and outlet for young athletes to participate in water polo with the intention that this space creates a healthy environment for young athletes to feel and process different emotions. Our vision is to provide a constructive outlet for youth to overcome difficult emotions in order to process them in a healthy way. In doing this,big waves intends on further impacting legislation around mental health and gun violence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$111,620$351,065▲ $239,445
Cash and Non-Interest-Bearing Accounts$19,666$50,238▲ $30,572
Savings and Temporary Cash Investments$149,731$4,879▼ $144,852
Total Assets$281,017$406,182▲ $125,165
Liabilities
Accounts Payable and Accrued Expenses$419$76▼ $343
Total Liabilities$419$76▼ $343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$280,598$406,106▲ $125,508
Total Net Assets Fund Balance$280,598$406,106▲ $125,508
Total Liabilities and Net Assets / Fund Balance$281,017$406,182▲ $125,165
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian HovenBoard Member
Christy SchaferBoard Member
Dr Sean WhalenBoard Member
Joseph Youngblood IiiBoard Member
Vaughn BigelowExecutive Di
Ashley WilkinsonSecretary
Joseph PerottoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$76,298
Program Service Revenue
$0
Investment Income
$45,589
Other Revenue
$43,807
All Other Contributions
$50,928
Change in Net Assets
$125,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,500
Other Expenses$18,620
Total Fundraising Expense$5,146
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,000--$21,000
Advertising$2,977$2,890$2,890$8,757
Fees for Services Accounting-$1,554-$1,554
Fees for Service Investment Mgmnt Fees-$931-$931
All Other Expenses$90$152$670$912
Other Expenses$448$224$224$896
Insurance-$854-$854
Office Expenses-$559-$559
Grants to Domestic Orgs$500--$500
Information Technology$250$31$31$312
Interest-$39-$39
Total Functional Expenses$26,315$8,659$5,146$40,120
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,430
Fundraising Direct Expenses$22,623
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$58,705$58,705$19,433$39,272
Silent Auction$20,370---
Total Events$85,290$64,920$21,880$43,040
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
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
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board memebers review form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

When a potential conflict of interest is identified it is presented to the board of directors where it is resolved.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Big Waves Inc
EIN
61-1913895
Phone
7203930499
Address
14622 STELLAS MEADOW DRIVE, BROOMFIELD, CO 80023

Signing Officer

Name
Vaughn Bigelow
Title
Executive Director
Phone
7203930499
Signed
2022-05-04

Organization Details

Principal Officer
Vaughn Bigelow
Formed
2018
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
30

Preparer

Firm
Boulder CPA Group
Address
1790 30TH ST STE 418, BOULDER, CO 80301
Preparer
Carol Bailiff CPA
Phone
3034493060
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to encourage positive mind and body health by providing opportunity and outlet for young athletes to participate in water polo with the intention that this space creates a healthy environment for young athletes to feel and process different emotions. Our vision is to provide a constructive outlet for youth to overcome difficult emotions in order to process them in a healthy way. In doing this,big waves intends on further impacting legislation around mental health and gun violence.

Form 990, Page 2, Part III, Line 4A

2021 service accomplishments: big waves hosted three community blood drives yielding nearly 100 units of blood. Provided 5,000 tuition assistance for the 2019 scholarship award, provided 5,000 tuition assistance for the 2020 scholarship award and provided two 5,000 tuition assistance for 2021. Big waves donated 1,000 to colorado high school water polo player representing the us at an international summer camp. We gave away more than 100 gun locks to registered participants. Donated 500 to colorado high school water polo association. Purchased water polo goals for george washington high school (dps high school water polo team). Sponsored two youth gun safety training classes with range 129. Volunteered time to clean up the broomfield bike park. Volunteered time operating the colorado high school water polo association. Collected holiday toys and supplies for children hospital colorado.

Form 990, Part XI, Line 9

Change in investment value -66

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP PAYMENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1GRANTS TO INDVIDUALS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE VAUGHN BIGELOW JR. MEMORIAL SCHOLARSHIP REQUIRES ANNUAL UPDATES ON COLLEGE EDUCATION INCLUDING ATHLETICS. THE SCHOLARSHIP IS A 20,000 SCHOLARSHIP BUT PAID OUT OVER 4 YEARS SO EACH RECIPIENT IS REQUIRED TO UPDATE US EACH YEAR TO MAKE SURE THEY STILL QUALIFY FOR THE NEXT 5,000 PAYMENT. THE BOARD REVIEWS THESE RENEWAL APPLICATIONS TO DETERMINE IF THE RECIPIENT STILL QUALIFIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO ENCOURAGE POSITIVE MIND AND BODY HEALTH BY PROVIDING OPPORTUNITY AND OUTLET FOR YOUNG ATHLETES TO PARTICIPATE IN WATER POLO WITH THE INTENTION THAT THIS SPACE CREATES A HEALTHY ENVIRONMENT FOR YOUNG ATHLETES TO FEEL AND PROCESS DIFFERENT EMOTIONS. OUR VISION IS TO PROVIDE A CONSTRUCTIVE OUTLET FOR YOUTH TO OVERCOME DIFFICULT EMOTIONS IN ORDER TO PROCESS THEM IN A HEALTHY WAY. IN DOING THIS,BIG WAVES INTENDS ON FURTHER IMPACTING LEGISLATION AROUND MENTAL HEALTH AND GUN VIOLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12021 SERVICE ACCOMPLISHMENTS: BIG WAVES HOSTED THREE COMMUNITY BLOOD DRIVES YIELDING NEARLY 100 UNITS OF BLOOD. PROVIDED 5,000 TUITION ASSISTANCE FOR THE 2019 SCHOLARSHIP AWARD, PROVIDED 5,000 TUITION ASSISTANCE FOR THE 2020 SCHOLARSHIP AWARD AND PROVIDED TWO 5,000 TUITION ASSISTANCE FOR 2021. BIG WAVES DONATED 1,000 TO COLORADO HIGH SCHOOL WATER POLO PLAYER REPRESENTING THE US AT AN INTERNATIONAL SUMMER CAMP. WE GAVE AWAY MORE THAN 100 GUN LOCKS TO REGISTERED PARTICIPANTS. DONATED 500 TO COLORADO HIGH SCHOOL WATER POLO ASSOCIATION. PURCHASED WATER POLO GOALS FOR GEORGE WASHINGTON HIGH SCHOOL (DPS HIGH SCHOOL WATER POLO TEAM). SPONSORED TWO YOUTH GUN SAFETY TRAINING CLASSES WITH RANGE 129. VOLUNTEERED TIME TO CLEAN UP THE BROOMFIELD BIKE PARK. VOLUNTEERED TIME OPERATING THE COLORADO HIGH SCHOOL WATER POLO ASSOCIATION. COLLECTED HOLIDAY TOYS AND SUPPLIES FOR CHILDREN HOSPITAL COLORADO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMEBERS REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WHEN A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED IT IS PRESENTED TO THE BOARD OF DIRECTORS WHERE IT IS RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN INVESTMENT VALUE -66
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0VAUGHN BIGELOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07203930499
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIG WAVES INC
ReturnHeader/Filer/BusinessNameControlTxt0BIGW
ReturnHeader/Filer/EIN0611913895
ReturnHeader/Filer/PhoneNum07203930499
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831352780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOULDER CPA GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01790 30TH ST STE 418
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOULDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
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ReturnHeader/PreparerPersonGrp/PhoneNum03034493060
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL BAILIFF CPA
ReturnHeader/ReturnTs02022-05-09T11:50:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VAUGHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIGELOW
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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