Civic Intelligence

Creative Waves Foundation

990EZ • Fiscal year 2020 • EIN 85-1557804

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

CO Psbm 235 Park Ave S 9th FLNew York, NY 10003

(212) 246-6433

Siviq Scores

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

Liabilities / Assets

69th percentile

0.06x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$14,439

No earlier filing loaded for comparison.

Net Assets

$13,615

No earlier filing loaded for comparison.

Liabilities

$824

No earlier filing loaded for comparison.

Revenue

$74,867

No earlier filing loaded for comparison.

Expenses

$61,252

No earlier filing loaded for comparison.

Net Income

$13,615

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $14,439Liabilities 2020: $824Net Assets 2020: $13,6152020Assets 2021: $31,572Liabilities 2021: $3,559Net Assets 2021: $28,0132021Assets 2022: $198,386Liabilities 2022: $1,059Net Assets 2022: $197,3272022Assets 2023: $164,317Liabilities 2023: $47Net Assets 2023: $164,2702023Assets 2024: $173,040Liabilities 2024: $0Net Assets 2024: $173,0402024

Highlighted filing

2020

Assets$14,439
Liabilities$824
Net Assets$13,615

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $74,867Expenses 2020: $61,252Net Income 2020: $13,6152020Revenue 2021: $135,379Expenses 2021: $120,981Net Income 2021: $14,3982021Revenue 2022: $246,429Expenses 2022: $76,289Net Income 2022: $170,1402022Revenue 2023: $76,164Expenses 2023: $109,402Net Income 2023: -$33,2382023Revenue 2024: $163,102Expenses 2024: $154,332Net Income 2024: $8,7702024

Highlighted filing

2020

Revenue$74,867
Expenses$61,252
Net Income$13,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$74,867
Mission and Program Overview

Mission

The organization's over all goal is to support aspiring musicians in their pursuit of artistic fulfillment by harnessing the transformational power of music and music education by helping to eliminate financial challenges young artists face so they can reach their full potential.

Program Services

DescriptionGrantsExpenses
PROVIDING CREATIVE OUTLETS FOR ARTISTIC DEVELOPMENT$5,000$0
PROVIDED A LOCAL FAMILY WITH FIANCIAL COVID RELIEF$1,000$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALEXANDRA TAMPOSICEO-$0--
CANDACE TAMPOSIExecutive Vice President-$0--
PHIL SARNACFO-$0--
NICHOLAS TAMPOSIChief Creative Officer-$0--
TYLER MAPLESChief Of Staff-$0--
Filing and Contact Details

Filer

Filer Name
Creative Waves Foundation
EIN
85-1557804
Phone
2122466433
Address
CO PSBM 235 PARK AVE S 9TH FL, NEW YORK, NY 10003

Signing Officer

Name
Alexandra Tamposi
Title
President
Phone
2122466433
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Ps Business Management LLC
Address
235 PARK AVENUE SOUTH 9TH FL, NEW YORK, NY 10003
Preparer
Michelle Dougherty CPA
Phone
2122466433
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: donation. Grantee name: belle glade project. Grantee address: 200 sw ave b belle glade, fl 33430. Property description: cash. Date of gift: 10/14/20. Amount given: 5,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: donation. Grantee name: roneisha walker. Property description: cash. Date of gift: 12/14/20. Amount given: 1,000. Total included on form 990-ez, line 10: 6,000.

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

Description: dues and subscriptions. Amount: 450. Description: marketing. Amount: 1,415. Description: telephone. Amount: 13. Description: website. Amount: 4,000. Description: bank fees. Amount: 374. Total to form 990-ez, line 16: 6,252.

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

Description: due from affilates. Beg. Of year amount: 0. End of year amount: 1,700. Description: due from affilates- song start foundation. Beg. Of year amount: 0. End of year amount: 600.

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

Description: due to affiliates - ali tamposi publishing inc. Beg. Of year amount: 0. End of year amount: 824.

Raw XML Appendix168 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TYLER MAPLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHIEF CREATIVE OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CHIEF OF STAFF
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S OVER ALL GOAL IS TO SUPPORT ASPIRING MUSICIANS IN THEIR PURSUIT OF ARTISTIC FULFILLMENT BY HARNESSING THE TRANSFORMATIONAL POWER OF MUSIC AND MUSIC EDUCATION BY HELPING TO ELIMINATE FINANCIAL CHALLENGES YOUNG ARTISTS FACE SO THEY CAN REACH THEIR FULL POTENTIAL.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDING CREATIVE OUTLETS FOR ARTISTIC DEVELOPMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: BELLE GLADE PROJECT. GRANTEE ADDRESS: 200 SW AVE B BELLE GLADE, FL 33430. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 10/14/20. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: RONEISHA WALKER. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 12/14/20. AMOUNT GIVEN: 1,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 6,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 450. DESCRIPTION: MARKETING. AMOUNT: 1,415. DESCRIPTION: TELEPHONE. AMOUNT: 13. DESCRIPTION: WEBSITE. AMOUNT: 4,000. DESCRIPTION: BANK FEES. AMOUNT: 374. TOTAL TO FORM 990-EZ, LINE 16: 6,252.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE FROM AFFILATES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,700. DESCRIPTION: DUE FROM AFFILATES- SONG START FOUNDATION. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: DUE TO AFFILIATES - ALI TAMPOSI PUBLISHING INC. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 824.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDRA TAMPOSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02122466433
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE WAVES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CREA
ReturnHeader/Filer/EIN0851557804
ReturnHeader/Filer/PhoneNum02122466433
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO PSBM 235 PARK AVE S 9TH FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331017663
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0235 PARK AVENUE SOUTH 9TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010003
ReturnHeader/PreparerPersonGrp/PhoneNum02122466433
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE DOUGHERTY CPA
ReturnHeader/ReturnTs02021-11-15T10:11:09-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALEXANDRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TAMPOSI
ReturnHeader/TaxPeriodBeginDt02020-07-15
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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