Civic Intelligence

Fourthwave Foundation Inc.

990EZ • Fiscal year 2023 • EIN 82-2460280

Feb 01, 2022 to Jan 31, 2023 • Filed on Jul 24, 2023

Organization Profilefourthwave.io
2101 10th Street DSanta Monica, CA 90405

(310) 429-3654

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-8.9%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

20th percentile

-26%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-22%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$7,613

Down $2,616 (-26%) from 2022

Net Assets

Down

$7,613

Down $2,616 (-26%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin28th percentile

Revenue

Down

$54,159

Down $14,841 (-22%) from 2022

Expenses

Down

$58,963

Down $4,300 (-6.8%) from 2022

Net Income

Down

-$4,804

Down $10,541 (-184%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$60K$40K$20K$0Assets 2022: $10,229Liabilities 2022: $0Net Assets 2022: $10,2292022Assets 2023: $7,613Liabilities 2023: $0Net Assets 2023: $7,6132023Assets 2024: $46,768Net Assets 2024: $46,7682024

Highlighted filing

2023

Assets$7,613
Liabilities$0
Net Assets$7,613
Open 2023 Filing

Operations Trend

Revenue Growth24th percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $69,000Expenses 2022: $63,263Net Income 2022: $5,7372022Revenue 2023: $54,159Expenses 2023: $58,963Net Income 2023: -$4,8042023Revenue 2024: $115,391Expenses 2024: $89,859Net Income 2024: $25,5322024

Highlighted filing

2023

Revenue$54,159
Expenses$58,963
Net Income-$4,804
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2022 to Jan 31, 2023
Signed
Jul 24, 2023
Return Version
2022v5.0
Gross Receipts
$54,159
Mission and Program Overview

Mission

Non-church charity, providing business and educational services for female entrepeneurs.

Non-church charity, providing business & educational services for female entrepreneurs.

Program Services

DescriptionGrantsExpenses
FourthWave runs one annual program each year to provide female entrepreneurs in the technology industry with business mentorship, access to capital and leadership training. There are approximately 14 people in each annual cohort.$45,500$58,170
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy PerlmanPresident & FounderPT$0--
Cheryl BeningaCo-FounderPT$0--
Tracy SavilleCo-Founder-$0--
Filing and Contact Details

Filer

Filer Name
Fourthwave Foundation Inc
EIN
82-2460280
Phone
3104293654
Address
2101 10th Street D, Santa Monica, CA 90405

Signing Officer

Name
Nancy Perlman
Title
President
Phone
3104293654
Signed
2023-07-24
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Additional expenses include Hotels, Meals, Gas, Business Gift, 2022 Cohort Welcome Kit Materials, Business Conference”

Raw XML Appendix151 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/PhoneNum03104293654
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02101 10th Street D
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Santa Monica
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090405
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Nancy Perlman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Cheryl Beninga
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tracy Saville
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Co-Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Co-Founder
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt013937
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Non-church charity, providing business & educational services for female entrepreneurs.
IRS990EZ/PrintingPublicationsPostageAmt02831
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt045500
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TransactionWithControlEntInd00
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IRS990EZ/WebsiteAddressTxt0fourthwave.io
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt054159
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt069000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011777
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0134936
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0134936
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt054159
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt069000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt069000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0134936
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Additional expenses include Hotels, Meals, Gas, Business Gift, 2022 Cohort Welcome Kit Materials, Business Conference
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0I thought our bookkeeper handled the tax return & simply didn't realize it wasn't done. I work multiple jobs, single mom, etc. and wasn't on top of the situation as I should have been. Lesson learned!!
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Nancy Perlman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03104293654
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-24
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ReturnHeader/Filer/EIN0822460280
ReturnHeader/Filer/PhoneNum03104293654
ReturnHeader/Filer/USAddress/AddressLine1Txt02101 10th Street D
ReturnHeader/Filer/USAddress/CityNm0Santa Monica
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090405
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-07-31T14:38:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-02-01
ReturnHeader/TaxPeriodEndDt02023-01-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,613
Liabilities
$0
Net assets
$7,613
Revenue
$54,159
Expenses
$58,963
Net income
-$4,804
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.47$1.15$0.90$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.54$0.59$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.69$0.63$0.06