Civic Intelligence

Thewave

EIN 83-2985273 • 501(c)3 • Big Lake, MN

Profile

The wave offers mentoring skills-building activities speakers and a social environment in which kids feel safe and loved and a sense of acceptance and belonging. These activities also provide ways for our community to be involved in life-changing ways and help build a better sense of community

171 Lake St NBig Lake, MN 55309-2901
Siviq Scores

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

Liabilities / Assets

96th percentile

1.91x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

57th percentile

5.2%

Higher net margin than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$46,721

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

27th percentile

-26%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

82nd percentile

41%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Assets

Up

$12,486

Up $2,321 (+23%) from 2023

Liabilities

Down

$23,874

Down $5,369 (-18%) from 2023

Net Assets

Up

-$11,388

Up $7,690 (+40%) from 2023

Revenue

Up

$148,409

Up $20,653 (+16%) from 2023

Expenses

Down

$140,719

Down $21,391 (-13%) from 2023

Net Income

Up

$7,690

Up $42,044 (+122%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2019: $12,546Liabilities 2019: $0Net Assets 2019: $12,5462019Assets 2020: $73,416Liabilities 2020: $0Net Assets 2020: $73,4162020Assets 2021: $30,769Liabilities 2021: $0Net Assets 2021: $30,7692021Assets 2022: $15,276Liabilities 2022: $0Net Assets 2022: $15,2762022Assets 2023: $10,165Liabilities 2023: $29,243Net Assets 2023: -$19,0782023Assets 2024: $12,486Liabilities 2024: $23,874Net Assets 2024: -$11,3882024

Highlighted filing

2024

Assets$12,486
Liabilities$23,874
Net Assets-$11,388

Operations Trend

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

$200K$100K$0-$100KRevenue 2019: $61,896Expenses 2019: $49,350Net Income 2019: $12,5462019Revenue 2020: $143,604Expenses 2020: $82,734Net Income 2020: $60,8702020Revenue 2021: $52,897Expenses 2021: $95,544Net Income 2021: -$42,6472021Revenue 2022: $124,358Expenses 2022: $139,851Net Income 2022: -$15,4932022Revenue 2023: $127,756Expenses 2023: $162,110Net Income 2023: -$34,3542023Revenue 2024: $148,409Expenses 2024: $140,719Net Income 2024: $7,6902024

Highlighted filing

2024

Revenue$148,409
Expenses$140,719
Net Income$7,690

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.1
Gross Receipts
$167,092
Mission and Program Overview

Mission

The mission of The Wave Youth Center is to be a safe and welcoming place that can meet the needs of the body, mind, and spirit of the youth in our community. Through partnerships with the community The Wave works towards their vision in the community by offering support and mentoring for academic, vocational, social, and life skills. Peer-to-peer mentoring & adult-to-youth mentoring to support, assist, and develop: Life Skills Vocational skills Social skills Academic skills Relational skills Promote mental health through: Promoting healthy relationships Education Mindfulness Meditation Community building through: Local events Relationships with local organizations Volunteering Planning social events

The wave offers mentoring skills-building activities speakers and a social environment in which kids feel safe loved and a sense of acceptance and belonging. These activities also provide ways for our community to be involved in life-changing ways and help build a better sense of community.

Program Services

DescriptionGrantsExpenses
THE WAVE OFFERS MENTORING SKILLS-BUILDING ACTIVITIES SPEAKERS AND A SOCIAL ENVIRONMENT IN WHICH KIDS FEEL SAFE LOVED AND A SENSE OF ACCEPTANCE AND BELONGING. THESE ACTIVITIES ALSO PROVIDE WAYS FOR OUR COMMUNITY TO BE INVOLVED IN LIFE-CHANGING WAYS AND HELP BUILD A BETTER SENSE OF COMMUNITY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Molly SchroederDirectorFT$46,721-$46,721
LEE SPITZENGELProgram AssistantPT$5,513-$5,513
Filing and Contact Details

Filer

Filer Name
The Wave
EIN
83-2985273
Address
171 LAKE ST N, Big Lake, MN 55309-2901

Signing Officer

Name
Molly Schroeder
Title
Director
Phone
7632459327
Signed
2025-11-18
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 16

| Other Expenses:, Amount:| Office General Administrative Expenditures, $389.00| Dues & Subscriptions, $2521.00| Community Involvement Program Expenses, $2105.00| Mental Health Program Expenses, $20475.00| Mentor Program Expenses, $193.00| Merchant Account Fees, $168.00| Professional Fees Gambing, $600.00| Advertising & Marketing, $2129.00| Interest Paid, $1668.00| Insurance, $1018.00| Staff Training, $85.00| Charitable Gambling Operations, $795.00| Gambling Inventory, $3928.00| Various Gambling Supplies, $4378.00| Various Fundraiser Expenses, $2208.00| Volunteer Expenditure, $217.00|

Part II, line 24

| Asset Name:, BOY Amount:, EOY Amount:| Inventory, $2213, $41|

Part II, line 26

| Liabilities Name:, BOY Amount:, EOY Amount:| SBA Loan, $18500, $17375| Credit Card 1, $3779, $15| Credit Card 2, $5287, $6399| Payroll Liabilities, $1677, $85|

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Office General Administrative Expenditures, $389.00| Dues & Subscriptions, $2521.00| Community Involvement Program Expenses, $2105.00| Mental Health Program Expenses, $20475.00| Mentor Program Expenses, $193.00| Merchant Account Fees, $168.00| Professional Fees Gambing, $600.00| Advertising & Marketing, $2129.00| Interest Paid, $1668.00| Insurance, $1018.00| Staff Training, $85.00| Charitable Gambling Operations, $795.00| Gambling Inventory, $3928.00| Various Gambling Supplies, $4378.00| Various Fundraiser Expenses, $2208.00| Volunteer Expenditure, $217.00|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Asset Name:, BOY Amount:, EOY Amount:| Inventory, $2213, $41|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Liabilities Name:, BOY Amount:, EOY Amount:| SBA Loan, $18500, $17375| Credit Card 1, $3779, $15| Credit Card 2, $5287, $6399| Payroll Liabilities, $1677, $85|
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