Civic Intelligence

Future Wave Foundation

990PF • Fiscal year 2023 • EIN 85-3256055

Jan 01, 2023 to Dec 31, 2023 • Filed on May 16, 2024

Organization Profile
507 S Helberta AveRedondo Beach, CA 90277

(484) 744-1067

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

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

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

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

Net Margin

6th percentile

-134%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

55th percentile

$26,250

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

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

Asset Growth

13th percentile

-9.0%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

16th percentile

-28%

Faster revenue growth than 16% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$1,824,504

Down $179,720 (-9.0%) from 2022

Net Assets

Down

$1,822,219

Down $179,720 (-9.0%) from 2022

Liabilities

Flat

$2,285

Flat from 2022

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin6th percentile

Revenue

Down

$134,548

Down $53,330 (-28%) from 2022

Expenses

Up

$314,189

Up $100,456 (+47%) from 2022

Net Income

Down

-$179,641

Down $153,786 (-595%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,862,428Liabilities 2020: $1,766,268Net Assets 2020: $2,096,1602020Assets 2021: $2,038,626Liabilities 2021: $2,285Net Assets 2021: $2,036,3412021Assets 2022: $2,004,224Liabilities 2022: $2,285Net Assets 2022: $2,001,9392022Assets 2023: $1,824,504Liabilities 2023: $2,285Net Assets 2023: $1,822,2192023Assets 2024: $1,918,036Liabilities 2024: $2,285Net Assets 2024: $1,915,7512024

Highlighted filing

2023

Assets$1,824,504
Liabilities$2,285
Net Assets$1,822,219
Open 2023 Filing

Operations Trend

Revenue Growth16th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2020: $2,098,705Expenses 2020: $2,545Net Income 2020: $2,096,1602020Revenue 2021: $96,291Expenses 2021: $1,916,179Net Income 2021: -$1,819,8882021Revenue 2022: $187,878Expenses 2022: $213,733Net Income 2022: -$25,8552022Revenue 2023: $134,548Expenses 2023: $314,189Net Income 2023: -$179,6412023Revenue 2024: $232,887Expenses 2024: $139,355Net Income 2024: $93,5322024

Highlighted filing

2023

Revenue$134,548
Expenses$314,189
Net Income-$179,641
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 16, 2024
Return Version
2023v5.1
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PRABJOTH KOTHARIPresident-$26,250-$26,250
Filing and Contact Details

Filer

Filer Name
Future Wave Foundation
EIN
85-3256055
Phone
4847441067
Address
507 S HELBERTA AVE, REDONDO BEACH, CA 90277

Signing Officer

Name
Prabjoth K Kothari
Title
President
Phone
4847441067
Signed
2024-05-16
Discuss with paid preparer
Yes

Preparer

Firm
Bw CPA Group
Address
3600 WILSHIRE BLVD STE 1620, LOS ANGELES, CA 90010
Preparer
Bw CPA Group
Phone
2133863060
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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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IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt38000
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ReturnHeader/ReturnTs02024-06-25T16:38:48-07:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,824,504
Liabilities
$2,285
Net assets
$1,822,219
Revenue
$134,548
Expenses
$314,189
Net income
-$179,641
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.23$0.14$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.13$0.31$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.19$0.21$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.10$1.92$1.82
2020Detailed filing. Detailed filing data is available for this year.$3.86$1.77$2.10$2.10$0.00$2.10