Civic Intelligence

Rolling Wave Foundation Inc.

990EZ • Fiscal year 2022 • EIN 83-3440274

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 05, 2023

Organization ProfileN/A
109 Hollett StScituate, MA 02066-1433

(617) 281-8372

Siviq Scores

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

Liabilities / Assets

90th percentile

0.53x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.16x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

26th percentile

-9.7%

Higher net margin than 26% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

75th percentile

25%

Faster asset growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-48%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$11,785

Up $2,390 (+25%) from 2021

Net Assets

Down

$5,569

Down $3,826 (-41%) from 2021

Liabilities

Up

$6,216

Up $6,216 from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin26th percentile

Revenue

Down

$39,300

Down $36,457 (-48%) from 2021

Expenses

Down

$43,126

Down $28,075 (-39%) from 2021

Net Income

Down

-$3,826

Down $8,382 (-184%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$15K$10K$5.0K$0Assets 2019: $1,302Liabilities 2019: $0Net Assets 2019: $1,3022019Assets 2020: $4,839Liabilities 2020: $0Net Assets 2020: $4,8392020Assets 2021: $9,395Liabilities 2021: $0Net Assets 2021: $9,3952021Assets 2022: $11,785Liabilities 2022: $6,216Net Assets 2022: $5,5692022Assets 2023: $6,826Liabilities 2023: $122Net Assets 2023: $6,7042023Assets 2024: $9,616Liabilities 2024: $0Net Assets 2024: $9,6162024

Highlighted filing

2022

Assets$11,785
Liabilities$6,216
Net Assets$5,569
Open 2022 Filing

Operations Trend

Revenue Growth12th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2019: $19,540Expenses 2019: $18,238Net Income 2019: $1,3022019Revenue 2020: $38,577Expenses 2020: $35,040Net Income 2020: $3,5372020Revenue 2021: $75,757Expenses 2021: $71,201Net Income 2021: $4,5562021Revenue 2022: $39,300Expenses 2022: $43,126Net Income 2022: -$3,8262022Revenue 2023: $61,345Expenses 2023: $60,210Net Income 2023: $1,1352023Revenue 2024: $60,743Expenses 2024: $57,831Net Income 2024: $2,9122024

Highlighted filing

2022

Revenue$39,300
Expenses$43,126
Net Income-$3,826
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 5, 2023
Return Version
2022v5.0
Gross Receipts
$39,300
Mission and Program Overview

Mission

Rolling Wave Foundation's commitment is building, sustaining, enabling and energizing communities by supplying refurbished bicycles and everyday living items

Program Services

DescriptionGrantsExpenses
ROLLING WAVE FOUNDATION'S COMMITMENT IS BUILDING, SUSTAINING, ENABLING AND ENERGIZING COMMUNITIES BY SUPPLYING REFURBISHED BICYCLES AND EVERYDAY LIVING ITEMS$0$37,616
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD BONANNOPresident-$0--
JOHN WELCHVice President-$0--
TANYA NAGLE MAKAITISTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Rolling Wave Foundation Inc
EIN
83-3440274
Phone
6172818372
Address
109 HOLLETT ST, SCITUATE, MA 02066-1433

Signing Officer

Name
Richard Bonann0
Title
President
Phone
6172818372
Signed
2023-07-05
Discuss with paid preparer
Yes

Preparer

Firm
Waterline Tax Advisors
Address
100 RECREATION PARK DR, HINGHAM, MA 02043
Preparer
Wendy Goldstein
Phone
7814244524
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: exempt function expenses. Amount: 37637. Description: interest expense. Amount: 3068. Total to form 990-ez, line 16: 40705.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 7335.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: van loan balance. Beg. Of year amount: 0. End of year amount: 6216.”

Raw XML Appendix153 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/PhoneNum06172818372
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SCITUATE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt07335
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt040705
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ROLLING WAVE FOUNDATION'S COMMITMENT IS BUILDING, SUSTAINING, ENABLING AND ENERGIZING COMMUNITIES BY SUPPLYING REFURBISHED BICYCLES AND EVERYDAY LIVING ITEMS
IRS990EZ/PrintingPublicationsPostageAmt02421
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TotalRevenueAmt039300
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038576
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0173169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EXEMPT FUNCTION EXPENSES. AMOUNT: 37637. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 3068. TOTAL TO FORM 990-EZ, LINE 16: 40705.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 7335.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: VAN LOAN BALANCE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6216.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BONANN0
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172818372
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROLLING WAVE FOUNDATION INC
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ReturnHeader/Filer/EIN0833440274
ReturnHeader/Filer/PhoneNum06172818372
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002043
ReturnHeader/PreparerPersonGrp/PhoneNum07814244524
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WENDY GOLDSTEIN
ReturnHeader/ReturnTs02023-08-04T10:14:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BONANN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,785
Liabilities
$6,216
Net assets
$5,569
Revenue
$39,300
Expenses
$43,126
Net income
-$3,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.62$0.00$9.62$60.7$57.8$2.91
2023Detailed filing. Detailed filing data is available for this year.$6.83$0.12$6.70$61.3$60.2$1.14
2022Detailed filing. Detailed filing data is available for this year.$11.8$6.22$5.57$39.3$43.1$3.83
2021Detailed filing. Detailed filing data is available for this year.$9.40$0.00$9.40$75.8$71.2$4.56
2020Detailed filing. Detailed filing data is available for this year.$4.84$0.00$4.84$38.6$35.0$3.54
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$19.5$18.2$1.30