Civic Intelligence

Wave Farm Inc.

990 • Fiscal year 2023 • EIN 83-0346659

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 22, 2024

Organization ProfileWWW.WAVEFARM.ORG
PO Box 13Acra, NY 12405

(518) 622-2598

Siviq Scores

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

Liabilities / Assets

79th percentile

0.33x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.36x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$63,400

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$1,189,861

Up $115,606 (+11%) from 2022

Net Assets

Up

$800,424

Up $181,346 (+29%) from 2022

Liabilities

Down

$389,437

Down $65,740 (-14%) from 2022

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin70th percentile

Revenue

Up

$1,067,163

Up $108,449 (+11%) from 2022

Expenses

Up

$885,452

Up $44,776 (+5.3%) from 2022

Net Income

Up

$181,711

Up $63,673 (+54%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $389,573Liabilities 2011: $101,002Net Assets 2011: $288,5712011Assets 2012: $425,676Liabilities 2012: $119,720Net Assets 2012: $305,9562012Assets 2013: $409,229Liabilities 2013: $107,783Net Assets 2013: $301,4462013Assets 2014: $406,434Liabilities 2014: $96,055Net Assets 2014: $310,3792014Assets 2015: $434,689Liabilities 2015: $89,193Net Assets 2015: $345,4962015Assets 2016: $435,190Liabilities 2016: $69,264Net Assets 2016: $365,9262016Assets 2017: $433,669Liabilities 2017: $59,980Net Assets 2017: $373,6892017Assets 2018: $436,558Liabilities 2018: $80,969Net Assets 2018: $355,5892018Assets 2019: $803,023Liabilities 2019: $444,651Net Assets 2019: $358,3722019Assets 2020: $896,736Liabilities 2020: $490,601Net Assets 2020: $406,1352020Assets 2021: $1,255,039Liabilities 2021: $687,777Net Assets 2021: $567,2622021Assets 2022: $1,074,255Liabilities 2022: $455,177Net Assets 2022: $619,0782022Assets 2023: $1,189,861Liabilities 2023: $389,437Net Assets 2023: $800,4242023Assets 2024: $1,210,458Liabilities 2024: $373,303Net Assets 2024: $837,1552024

Highlighted filing

2023

Assets$1,189,861
Liabilities$389,437
Net Assets$800,424
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $192,7882011Expenses 2012: $438,8532012Revenue 2013: $330,961Expenses 2013: $335,471Net Income 2013: -$4,5102013Revenue 2014: $442,344Expenses 2014: $433,411Net Income 2014: $8,9332014Revenue 2015: $438,323Expenses 2015: $403,206Net Income 2015: $35,1172015Revenue 2016: $448,108Expenses 2016: $427,678Net Income 2016: $20,4302016Revenue 2017: $439,187Expenses 2017: $431,424Net Income 2017: $7,7632017Revenue 2018: $404,669Expenses 2018: $422,769Net Income 2018: -$18,1002018Revenue 2019: $440,106Expenses 2019: $445,272Net Income 2019: -$5,1662019Revenue 2020: $451,467Expenses 2020: $403,704Net Income 2020: $47,7632020Revenue 2021: $836,950Expenses 2021: $726,252Net Income 2021: $110,6982021Revenue 2022: $958,714Expenses 2022: $840,676Net Income 2022: $118,0382022Revenue 2023: $1,067,163Expenses 2023: $885,452Net Income 2023: $181,7112023Revenue 2024: $939,475Expenses 2024: $902,745Net Income 2024: $36,7302024

Highlighted filing

2023

Revenue$1,067,163
Expenses$885,452
Net Income$181,711
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 22, 2024
Return Version
2023v5.0
Gross Receipts
$1,067,163
Mission and Program Overview

Mission

Wave farm is a non-profit arts organization driven by experimentation with broadcast media and the airwaves. A pioneer of the transmission arts genre, wave farm programs provide access to transmission technologies and support artists and organizations that engage with media as an art form.

Wave farm is an international transmission arts organization driven by experimentation with the electromagnetic spectrum. We cultivate creative practices in radio and support artists and nonprofit organizations in their cultural endeavors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$295,727$318,691▲ $22,964
Cash and Non-Interest-Bearing Accounts$399,288$318,003▼ $81,285
Accounts Receivable$27,799$128,548▲ $100,749
Prepaid Expenses and Deferred Charges$10,979$9,113▼ $1,866
Total Assets$1,074,255$1,189,861▲ $115,606
Other Assets Total$340,462$415,506▲ $75,044
Liabilities
Other Liabilities$339,961$364,769▲ $24,808
Accounts Payable and Accrued Expenses$113,176$24,668▼ $88,508
Deferred Revenue$2,040--
Total Liabilities$455,177$389,437▼ $65,740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$619,078$750,424▲ $131,346
Net Assets With Donor Restrictions-$50,000-
Total Net Assets Fund Balance$619,078$800,424▲ $181,346
Total Liabilities and Net Assets / Fund Balance$1,074,255$1,189,861▲ $115,606

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$318,691$273,386$592,077
Other Assets Org$500--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Galen Joseph-hunterEx Dir/ex-ofFT$63,400$63,400

Board Members and Trustees

NameTitle
Iliya FridmanPresident
Anna FrizDirector
Heidi NeilsonDirector
Liam SingerDirector
Eliel MamousetteSecretary
Laura KuhnTreasurer
Yvette Janine JacksonVP
Revenue and Support

Revenue Composition

Contributions and Grants
$986,242
Program Service Revenue
$49,284
Investment Income
$16,097
Other Revenue
$15,540
All Other Contributions
$248,929
Change in Net Assets
$181,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$700,899
Salaries, Compensation, and Employee Benefits$184,553
Total Fundraising Expense$7,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$100,152$4,714$2,358$107,224
Fees for Services Other$80,070$458-$80,528
Current Officers, Directors, Trustees, and Key Employees$59,219$2,788$1,393$63,400
Occupancy$28,205$2,439$1,297$31,941
Information Technology$18,355$762$761$19,878
Depreciation Depletion$15,068--$15,068
Payroll Taxes$12,934$663$332$13,929
All Other Expenses$10,305$194$195$10,694
Advertising$9,781-$96$9,877
Insurance$6,934$196$195$7,325
Other Expenses$6,058$1,067$1,066$6,058
Fees for Services Accounting-$4,750-$4,750
Travel$1,990-$97$2,087
Office Expenses$1,493$19$20$1,532
Fees for Services Legal-$227-$227
Total Functional Expenses$859,365$18,277$7,810$885,452
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$364,769
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
Yes
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

“All tax filing, financial reviews, and audits are reviewed and approved by the board prior to filing of the form 990.”

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

“Disclosure in the organization should be made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board. The board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to the organization. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of the organization and the advancement of its purpose.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves salaries as part of our annual budget approval process. Wave farm inc.'s salaries remain extremely modest in comparison to norms for the field. Field surveys such as those conducted by the new york nonprofit coordinating committee serve as a reliable representation of what average new york nonprofit salary ranges are at any given time.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wave Farm Inc
EIN
83-0346659
Phone
5186222598
Address
PO BOX 13, ACRA, NY 12405

Signing Officer

Name
Iliya Fridman
Title
President
Phone
5186222598
Signed
2024-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Galen Joseph-hunter
Formed
2002
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
Thomas F Lindgren CPA Pc
Address
PO BOX 4236, KINGSTON, NY 12402
Preparer
Thomas Lindgren
Phone
8453381001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Wave farm is an international transmission arts organization driven by experimentation with the electromagnetic spectrum. We cultivate creative practices in radio and support artists and nonprofit organizations in their cultural endeavors.”

Form 990, Part XI, Line 9

“ROUNDING -2”

Raw XML AppendixShowing 400 of 420 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0113176
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024668
IRS990/AccountsReceivableGrp/BOYAmt027799
IRS990/AccountsReceivableGrp/EOYAmt0128548
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WAVE FARM IS AN INTERNATIONAL TRANSMISSION ARTS ORGANIZATION DRIVEN BY EXPERIMENTATION WITH THE ELECTROMAGNETIC SPECTRUM. WE CULTIVATE CREATIVE PRACTICES IN RADIO AND SUPPORT ARTISTS AND NONPROFIT ORGANIZATIONS IN THEIR CULTURAL ENDEAVORS.
IRS990/AdvertisingGrp/FundraisingAmt096
IRS990/AdvertisingGrp/ProgramServicesAmt09781
IRS990/AdvertisingGrp/TotalAmt09877
IRS990/AllOtherContributionsAmt0248929
IRS990/AllOtherExpensesGrp/FundraisingAmt0195
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0194
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010305
IRS990/AllOtherExpensesGrp/TotalAmt010694
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0GALEN JOSEPH-HUNTER
IRS990/BooksInCareOfDetail/PhoneNum05186222598
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05662 ROUTE 23
IRS990/BooksInCareOfDetail/USAddress/CityNm0ACRA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012405
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0399288
IRS990/CashNonInterestBearingGrp/EOYAmt0318003
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt01393
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02788
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt059219
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt063400
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0986242
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt016097
IRS990/CYOtherExpensesAmt0700899
IRS990/CYOtherRevenueAmt015540
IRS990/CYProgramServiceRevenueAmt049284
IRS990/CYRevenuesLessExpensesAmt0181711
IRS990/CYSalariesCompEmpBnftPaidAmt0184553
IRS990/CYTotalExpensesAmt0885452
IRS990/CYTotalFundraisingExpenseAmt07810
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01067163
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt02040
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015068
IRS990/DepreciationDepletionGrp/TotalAmt015068
IRS990/Desc0ARTS ORGANIZATION FOCUSED ON ESTABLISHING AND CULTIVATING THE GENRE TRANSMISSION ARTS. THIS GENRE ENCOMPASSES A DIVERSITY OF PRACTICES AND MEDIA WORKING WITH THE IDEA OF TRANSMISSION OR THE PHYSICAL PROPERTIES OF THE ELECTROMAGNETIC SPECTRUM. TRANSMISSION ART IS GENERALLY A PARTICIPATORY LIVE-ART OR TIME-BASED ART, AND OFTEN MANIFESTS AS RADIO ART, VIDEO ART, INSTALLATION AND PERFORMANCE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt050000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0329715
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04750
IRS990/FeesForServicesAccountingGrp/TotalAmt04750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0227
IRS990/FeesForServicesLegalGrp/TotalAmt0227
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0458
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt080070
IRS990/FeesForServicesOtherGrp/TotalAmt080528
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0GALEN JOSEPH-HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm1ILIYA FRIDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNA FRIZ
IRS990/Form990PartVIISectionAGrp/PersonNm3YVETTE JANINE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURA KUHN
IRS990/Form990PartVIISectionAGrp/PersonNm5ELIEL MAMOUSETTE
IRS990/Form990PartVIISectionAGrp/PersonNm6HEIDI NEILSON
IRS990/Form990PartVIISectionAGrp/PersonNm7LIAM SINGER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt063400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EX DIR/EX-OF
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0737313
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01067163
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0761
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0762
IRS990/InformationTechnologyGrp/ProgramServicesAmt018355
IRS990/InformationTechnologyGrp/TotalAmt019878
IRS990/InsuranceGrp/FundraisingAmt0195
IRS990/InsuranceGrp/ManagementAndGeneralAmt0196
IRS990/InsuranceGrp/ProgramServicesAmt06934
IRS990/InsuranceGrp/TotalAmt07325
IRS990/InvestmentExpenseAmt0-138
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt016097
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016097
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt048
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0273386
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0295727
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0318691
IRS990/LandBldgEquipCostOrOtherBssAmt0592077
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WAVE FARM IS AN INTERNATIONAL TRANSMISSION ARTS ORGANIZATION DRIVEN BY EXPERIMENTATION WITH THE ELECTROMAGNETIC SPECTRUM. WE CULTIVATE CREATIVE PRACTICES IN RADIO AND SUPPORT ARTISTS AND NONPROFIT ORGANIZATIONS IN THEIR CULTURAL ENDEAVORS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0619078
IRS990/NetAssetsOrFundBalancesEOYAmt0800424
IRS990/NetUnrlzdGainsLossesInvstAmt0-225
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0619078
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0750424
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01297
IRS990/OccupancyGrp/ManagementAndGeneralAmt02439
IRS990/OccupancyGrp/ProgramServicesAmt028205
IRS990/OccupancyGrp/TotalAmt031941
IRS990/OfficeExpensesGrp/FundraisingAmt020
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019
IRS990/OfficeExpensesGrp/ProgramServicesAmt01493
IRS990/OfficeExpensesGrp/TotalAmt01532
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0340462
IRS990/OtherAssetsTotalGrp/EOYAmt0415506
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherExpensesGrp/Desc0REGRANT EXPENSES
IRS990/OtherExpensesGrp/Desc1OUTSIDE ARTISTIC FEES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES & PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt01066
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01067
IRS990/OtherExpensesGrp/ProgramServicesAmt0454329
IRS990/OtherExpensesGrp/ProgramServicesAmt135703
IRS990/OtherExpensesGrp/ProgramServicesAmt218769
IRS990/OtherExpensesGrp/ProgramServicesAmt36058
IRS990/OtherExpensesGrp/TotalAmt0454329
IRS990/OtherExpensesGrp/TotalAmt135703
IRS990/OtherExpensesGrp/TotalAmt220902
IRS990/OtherExpensesGrp/TotalAmt36058
IRS990/OtherLiabilitiesGrp/BOYAmt0339961
IRS990/OtherLiabilitiesGrp/EOYAmt0364769
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt015540
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015540
IRS990/OtherRevenueTotalAmt015540
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02358
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04714
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0100152
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107224
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0332
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0663
IRS990/PayrollTaxesGrp/ProgramServicesAmt012934
IRS990/PayrollTaxesGrp/TotalAmt013929
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010979
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09113
IRS990/PrincipalOfficerNm0GALEN JOSEPH-HUNTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACTED SERVICES INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP ADMIN FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114834
IRS990/ProgSrvcAccomActy2Grp/Desc0NEW YORK STATE COUNCIL ON THE ARTS REGRANT PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0529650
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0796141
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0556355
IRS990/PYOtherRevenueAmt03583
IRS990/PYProgramServiceRevenueAmt0158990
IRS990/PYRevenuesLessExpensesAmt0118038
IRS990/PYSalariesCompEmpBnftPaidAmt0284321
IRS990/PYTotalExpensesAmt0840676
IRS990/PYTotalRevenueAmt0958714
IRS990/ReconcilationRevenueExpnssAmt0181711
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0986242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0796141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0770092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0431719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0413558
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03397752
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0312939
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98870
IRS990ScheduleA/PublicSupportPY170Pct00.98930
IRS990ScheduleA/PublicSupportTotal170Amt03397752
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0986242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0796141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0770092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0431719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0413558
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03397752
IRS990ScheduleA/TotalSupportAmt03436461
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt014540
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02583
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt015651
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0144
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt05791
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt038709
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/BookValueAmt0318691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273386
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0592077
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0364769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150237
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LONG-TERM CD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0364769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318691
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0415506
IRS990ScheduleD/TotalLiabilityAmt0364769
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WAVE FARM IS AN INTERNATIONAL TRANSMISSION ARTS ORGANIZATION DRIVEN BY EXPERIMENTATION WITH THE ELECTROMAGNETIC SPECTRUM. WE CULTIVATE CREATIVE PRACTICES IN RADIO AND SUPPORT ARTISTS AND NONPROFIT ORGANIZATIONS IN THEIR CULTURAL ENDEAVORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL TAX FILING, FINANCIAL REVIEWS, AND AUDITS ARE REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES SALARIES AS PART OF OUR ANNUAL BUDGET APPROVAL PROCESS. WAVE FARM INC.'S SALARIES REMAIN EXTREMELY MODEST IN COMPARISON TO NORMS FOR THE FIELD. FIELD SURVEYS SUCH AS THOSE CONDUCTED BY THE NEW YORK NONPROFIT COORDINATING COMMITTEE SERVE AS A RELIABLE REPRESENTATION OF WHAT AVERAGE NEW YORK NONPROFIT SALARY RANGES ARE AT ANY GIVEN TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01074255
IRS990/TotalAssetsEOYAmt01189861
IRS990/TotalAssetsGrp/BOYAmt01074255
IRS990/TotalAssetsGrp/EOYAmt01189861
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0986242
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07810
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0859365
IRS990/TotalFunctionalExpensesGrp/TotalAmt0885452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0455177
IRS990/TotalLiabilitiesEOYAmt0389437
IRS990/TotalLiabilitiesGrp/BOYAmt0455177
IRS990/TotalLiabilitiesGrp/EOYAmt0389437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0619078
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0800424
IRS990/TotalProgramServiceExpensesAmt0859365
IRS990/TotalProgramServiceRevenueAmt049284
IRS990/TotalReportableCompFromOrgAmt063400
IRS990/TotalRevenueGrp/ExclusionAmt015540
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065381
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01067163
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01074255
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01189861
IRS990/TravelGrp/FundraisingAmt097
IRS990/TravelGrp/ProgramServicesAmt01990
IRS990/TravelGrp/TotalAmt02087
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05662 ROUTE 23
IRS990/USAddress/CityNm0ACRA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012405
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WAVEFARM.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ILIYA FRIDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05186222598
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAVE FARM INC
ReturnHeader/Filer/BusinessNameControlTxt0WAVE
ReturnHeader/Filer/EIN0830346659

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,189,861
Liabilities
$389,437
Net assets
$800,424
Revenue
$1,067,163
Expenses
$885,452
Net income
$181,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.37$0.84$0.94$0.90$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.39$0.80$1.07$0.89$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.46$0.62$0.96$0.84$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.69$0.57$0.84$0.73$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.49$0.41$0.45$0.40$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.44$0.36$0.44$0.45$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.08$0.36$0.40$0.42$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.06$0.37$0.44$0.43$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.07$0.37$0.45$0.43$0.02
2015Summary only. Only limited summary data is available for this year.$0.43$0.09$0.35$0.44$0.40$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.10$0.31$0.44$0.43$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.11$0.30$0.33$0.34$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.12$0.31$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.10$0.29$0.19