Civic Intelligence

Shockwave Foundation

990PF • Fiscal year 2023 • EIN 85-0933937

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

2168 15th StreetSan Francisco, CA 94114

(650) 906-8438

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

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

Liabilities / Revenue

30th percentile

0.00x

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

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

Net Margin

1st percentile

-820%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

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

Asset Growth

6th percentile

-21%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

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

Assets

Down

$3,126,799

Down $814,142 (-21%) from 2022

Net Assets

Down

$3,126,799

Down $814,142 (-21%) from 2022

Liabilities

Flat

$1

Flat from 2022

Revenue

Down

$128,359

Down $4,214,561 (-97%) from 2022

Expenses

Up

$1,181,296

Up $434,069 (+58%) from 2022

Net Income

Down

-$1,052,937

Down $4,648,630 (-129%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $369,428Liabilities 2020: $1Net Assets 2020: $369,4282020Assets 2021: $466,046Liabilities 2021: $1Net Assets 2021: $466,0462021Assets 2022: $3,940,941Liabilities 2022: $1Net Assets 2022: $3,940,9412022Assets 2023: $3,126,799Liabilities 2023: $1Net Assets 2023: $3,126,7992023Assets 2024: $3,981,479Liabilities 2024: $0Net Assets 2024: $3,981,4792024

Highlighted filing

2023

Assets$3,126,799
Liabilities$1
Net Assets$3,126,799

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $405,894Expenses 2020: $40,458Net Income 2020: $365,4362020Revenue 2021: $553,462Expenses 2021: $457,211Net Income 2021: $96,2512021Revenue 2022: $4,342,920Expenses 2022: $747,227Net Income 2022: $3,595,6932022Revenue 2023: $128,359Expenses 2023: $1,181,296Net Income 2023: -$1,052,9372023Revenue 2024: $2,049,359Expenses 2024: $1,257,487Net Income 2024: $791,8722024

Highlighted filing

2023

Revenue$128,359
Expenses$1,181,296
Net Income-$1,052,937
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL TRAINADirector, Chair, Secretary, Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Shockwave Foundation
EIN
85-0933937
Phone
6509068438
Address
2168 15TH STREET, SAN FRANCISCO, CA 94114

Signing Officer

Name
Paul Traina
Title
Chair of the Board
Phone
6509068438
Signed
2024-10-25
Discuss with paid preparer
Yes

Preparer

Firm
Moss Adams Llp
Address
635 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL, CA 95008-5071
Preparer
Qi Wen Liang
Phone
4085587500
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IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionCd018
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt0128359
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/UnrelatedBusinessTaxblIncmAmt00
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt0128359
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesChrtblPrpsAmt020588
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesNetInvstIncmAmt010294
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt030881
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt050342
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/CompOfcrDirTrstRevAndExpnssAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt0958000
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt0958000
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsNetInvstIncmAmt078017
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsRevAndExpnssAmt078017
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0-1052937
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt02163885
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt050342
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt0109332
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt0381
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt01015
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt01399
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesDsbrsChrtblAmt0121500
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesNetInvstIncmAmt06815
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt0128315
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd0X
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesDsbrsChrtblAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesNetInvstIncmAmt0903
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt051903
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt01111267
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt019027
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt01181296
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt0128359
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt0128359
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt0153267
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt019027
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt0223296
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingDsbrsChrtblAmt010798
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingNetInvstIncmAmt00
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingRevAndExpnssAmt010798
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt02022-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt12022-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt22022-01-01
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/AcquiredDt32022-12-06
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt01397810
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt1515733
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/CostOrOtherBasisAmt2200000
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt0173
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt142538
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt23631
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainOrLossAmt34000
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt0173
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt142538
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt23631
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GainsMinusExcessOrLossesAmt34000
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt0173
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt11440348
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt2519364
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/GrossSalesPriceAmt3204000
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd0P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd1P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd2P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/HowAcquiredCd3P
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc0CAPITAL GAIN DISTRIBUTIONS
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc1PUBLICLY TRADED SECURITIES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc2PUBLICLY TRADED SECURITIES
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc3MRI - LOCAL ENTERPRISE ASSISTANCE FUND (LEAF)
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt02023-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt12023-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt22023-12-31
IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/SoldDt32023-11-21
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt050342
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0-1052937
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherDecreasesAmt00
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherIncreasesAmt0238795
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt03126799
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt03940941
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt03126799
IRS990PF/DistributableAmountGrp/DeductionFromDistributableAmt00
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt0371962
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt0162962
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt0371962
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt0164482
IRS990PF/DistributableAmountGrp/RecoveriesQualfiedDistriAmt0209000
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt01520
IRS990PF/DistributableAmountGrp/TotalTaxAmt01520
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt022464
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/BackupWithholdingWithheldAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt016
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt024000
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExemptFrgnOrgTaxWthldAtSrceAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/Form2220AttachedInd0X
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt01520
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt022464
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/RefundAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtitleATaxAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtotalAmt01520
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt01520
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxUnderSection511Amt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt024000
IRS990PF/FMVAssetsEOYAmt03126799
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/AdditionalPaidInCapitalEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt020616
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt030739
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt030739
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsBOYAmt0539336
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYAmt0305415
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYFMVAmt0305415
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt02335226
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt01115315
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt01115315
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt03170
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt01603
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt01603
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsBOYAmt0476581
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYAmt0562173
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYFMVAmt0562173
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt03940941
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt03126799
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstBOYAmt0566012
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt01111554
IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYFMVAmt01111554
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt03940941
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt03126799
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt03126799
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt00
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt03940941
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt03126799
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt03940941
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt03126799
IRS990PF/MethodOfAccountingCashInd0X
IRS990PF/MinimumInvestmentReturnGrp/AcquisitionIndebtednessAmt00
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt03339739
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt0679748
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt02096216
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt050096
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt0563775
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt0164482
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt03289643
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt03339739
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt0WEGBREIT IMPACT CONSULTING
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/CompensationAmt0108000
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt0CONSULTING
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/AddressLine1Txt01278 STANYAN ST
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/CityNm0SAN FRANCISCO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/StateAbbreviationCd0CA
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/USAddress/ZIPCd094117
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/ContractorPaidOver50kCnt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt01.00

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