Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Red Wave Fund Inc
EIN 92-3444528 • 501(c)3 • Troy, AL
Profile
Red wave fund, inc. Will help strengthen, promote, and otherwise support tax-exempt nonprofit organizations in the state of alabama and the people and communities they serve. It will do so by providing local tax-exempt nonprofit organizations grants as well as in-kind contributions of sports education, physical education, communication, marketing, speaking, event, and relations services so that served organizations can expand the reach and effectiveness of their exempt activities, better serve their constituents, and, ultimately, better achieve their exempt purposes.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.00x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$19,101
No earlier filing loaded for comparison.
Liabilities
$19,101
No earlier filing loaded for comparison.
Net Assets
$0
No earlier filing loaded for comparison.
Revenue
$5,665
No earlier filing loaded for comparison.
Expenses
$5,665
No earlier filing loaded for comparison.
Net Income
$0
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $19,101
- Liabilities
- $19,101
- Net assets
- $0
- Revenue
- $5,665
- Expenses
- $5,665
- Net income
- $0
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Apr 11, 2023 to Dec 31, 2023
- Signed
- Oct 8, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $5,665
Mission and Program Overview
Mission
Red wave fund, inc. Will help strengthen, promote, and otherwise support tax-exempt nonprofit organizations in the state of alabama and the people and communities they serve. It will do so by providing local tax-exempt nonprofit organizations grants as well as in-kind contributions of sports education, physical education, communication, marketing, speaking, event, and relations services so that served organizations can expand the reach and effectiveness of their exempt activities, better serve their constituents, and, ultimately, better achieve their exempt purposes.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SUPPORT OTHER NONPROFIT ORGANIZATIONS IN THE COMMUNITY. | - | $3,153 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHARLES CARSON | President | - | $0 | - | - |
| JASON JONES | Treasurer | - | $0 | - | - |
| JOHN BERRY ROBERTS | Secretary | - | $0 | - | - |
| DAVID NELSON | Director | - | $0 | - | - |
| MATTHEW BAKER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Red Wave Fund Inc
- EIN
- 92-3444528
- Phone
- 3342681021
- Address
- 1305 S BRUNDIDGE ST SUITE A 259, TROY, AL 36081
Signing Officer
- Name
- Charles Carson
- Title
- President
- Phone
- 4057063185
- Signed
- 2024-10-08
Preparer
- Firm
- Haisten Shipman & Wiggins Pc
- Address
- PO BOX 268, TROY, AL 36081
- Preparer
- David M Nelson CPA
- Phone
- 3345664651
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses square fees 153 supplies 12 philanthropy 500 other fees 2,500 total 3,165”
Form 990-ez, Part II, Line 26
“Deferred revenue 0 19,101”
Form 990-ez, Part III
“Red wave fund, inc. Will help strengthen, promote, and otherwise support tax-exempt nonprofit organizations in the state of alabama and the people and communities they serve. It will do so by providing local tax-exempt nonprofit organizations grants as well as in-kind contributions of sports education, physical education, communication, marketing, speaking, event, and relations services so that served organizations can expand the reach and effectiveness of their exempt activities, better serve their constituents, and, ultimately, better achieve their exempt purposes.”
Raw XML Appendix120 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/ApplicationPendingInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JASON JONES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3342681021 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1305 S BRUNDIDGE ST STE A 259 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TROY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 36081 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19101 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 5649 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2500 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 19101 |
| IRS990EZ/GrossReceiptsAmt | 0 | 5665 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 16 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHARLES CARSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JASON JONES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JOHN BERRY ROBERTS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DAVID NELSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MATTHEW BAKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3165 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | RED WAVE FUND, INC. WILL HELP STRENGTHEN, PROMOTE, AND OTHERWISE SUPPORT TAX-EXEMPT NONPROFIT ORGANIZATIONS IN THE STATE OF ALABAMA AND THE PEOPLE AND COMMUNITIES THEY SERVE. IT WILL DO SO BY PROVIDING LOCAL TAX-EXEMPT NONPROFIT ORGANIZATIONS GRANTS AS WELL AS IN-KIND CONTRIBUTIONS OF SPORTS EDUCATION, PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND, ULTIMATELY, BETTER ACHIEVE THEIR EXEMPT PURPOSES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SUPPORT OTHER NONPROFIT ORGANIZATIONS IN THE COMMUNITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 3153 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 19101 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 5665 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 3153 |
| IRS990EZ/TotalRevenueAmt | 0 | 5665 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 5649 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5649 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 16 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5649 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 5649 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5649 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5665 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES SQUARE FEES 153 SUPPLIES 12 PHILANTHROPY 500 OTHER FEES 2,500 TOTAL 3,165 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DEFERRED REVENUE 0 19,101 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | RED WAVE FUND, INC. WILL HELP STRENGTHEN, PROMOTE, AND OTHERWISE SUPPORT TAX-EXEMPT NONPROFIT ORGANIZATIONS IN THE STATE OF ALABAMA AND THE PEOPLE AND COMMUNITIES THEY SERVE. IT WILL DO SO BY PROVIDING LOCAL TAX-EXEMPT NONPROFIT ORGANIZATIONS GRANTS AS WELL AS IN-KIND CONTRIBUTIONS OF SPORTS EDUCATION, PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND, ULTIMATELY, BETTER ACHIEVE THEIR EXEMPT PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLES CARSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4057063185 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-10-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RED WAVE FUND INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | REDW |
| ReturnHeader/Filer/EIN | 0 | 923444528 |
| ReturnHeader/Filer/PhoneNum | 0 | 3342681021 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1305 S BRUNDIDGE ST SUITE A 259 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TROY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 36081 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 630919952 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HAISTEN SHIPMAN & WIGGINS PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 268 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TROY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 36081 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3345664651 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-10-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID M NELSON CPA |
| ReturnHeader/ReturnTs | 0 | 2024-10-08T10:56:50-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-04-11 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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