EIN 68-0204312

Making Waves Foundation (MWF)

Name: Making Waves Foundation (MWF) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Richmond

State

California

Year formed

1990

Most recent tax filings

2023-06-01

NTEE code, primary

B92: Remedial Reading, Reading Encouragement Programs

Description

Making Waves Foundation (MWF) is organization responsible for management and strategic planning, oversight, and external affairs/public relations and development initiatives to support Making Waves Academy.

Total revenues

$26,832,934

2023

Total expenses

$21,053,227

2023

Total assets

$252,006,095

2023

Num. employees

2023

Program areas at MWF

Academic coaching, grants and/or scholarships, training in personal development, providing new recreational and culture development and career opportunity exposure.

This property is leased to Making Waves academy (an exempt organization) and allows the Foundation to expand its exempt functions in educating under served students.

Grants made by MWF

Grantee	Grant description	Grant year	Amount
Making Waves Academy	Provide Funding for the School.	2023-06	$191,500

Who funds Making Waves Foundation (MWF)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
John H and Regina K Scully Foundation	2023-12	General Support	$11,064,532
John H and Regina K Scully Foundation	2023-12	Construction	$4,409,921
Stanford University	2023-08	Program Support	$350,000
...and 17 more grants received

Personnel at MWF

Name	Title	Compensation	Date of data
Alton B. Nelson, Jr.	Chief Executive Officer		2025-03-16
Erick Roa	Chief Operating Officer	$204,736	2023-07-19
Jane Choi	Chief Finance and Strategy Officer	$165,425	2023-06-30
Allison Holton	Chief of External Affairs		2025-03-16
Darcy Deming	Chief Advancement Officer	$0	2023-06-30
...and 23 more key personnel

Financials for MWF

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$23,577,899	$19,248,450	22.5%
Investment income and dividends	$595,710	$506,960	17.5%
Net rental income	$733,897	$476,300	54.1%
Net gain from sale of non-inventory assets	$-1,601	$6,555,105	-100%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$1,927,029	$4,969,854	-61.2%
Total revenues	$26,832,934	$31,756,669	-15.5%

Form 990s for MWF

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-04-17	990PF	View PDF
2022-06	2023-05-12	990PF	View PDF
2021-06	2022-07-11	990PF	View PDF
2020-06	2021-06-22	990PF	View PDF
2019-06	2021-06-09	990PF	View PDF
...and 9 more Form 990s

Organizations like MWF

Organization	Type	Location	Revenue
Reach Out and Read	501(c)(3)	Boston, MA	$29,240,666
Math for America	501(c)(3)	New York, NY	$24,004,679
Core Knowledge Foundation	501(c)(3)	Charlottesville, VA	$22,135,314
Casey Family Programs	501(c)(3)	Seattle, WA	$62,593,711
ProLiteracy Worldwide	501(c)(3)	Syracuse, NY	$10,528,380
Millard Public Schools Foundation	501(c)(3)	Omaha, NE	$12,483,072
Ampact	501(c)(3)	Minneapolis, MN	$65,962,045
National Center for Families Learning (NCFL)	501(c)(3)	Louisville, KY	$9,799,383
University of Southern Maine Foundation	501(c)(3)	Portland, ME	$9,872,134
Ball State University Foundation	501(c)(3)	Muncie, IN	$20,014,598

Data update history

February 28, 2025

Used new vendors

Identified 1 new vendor, including

January 14, 2025

Received grants

Identified 1 new grant, including a grant for $25,000 from Robert & Ruth Halperin Foundation

November 24, 2024

Received grants

Identified 4 new grant, including a grant for $11,064,532 from John H and Regina K Scully Foundation

August 26, 2024

Received grants

Identified 5 new grant, including a grant for $350,000 from Stanford University

May 23, 2024

Posted financials

Added Form 990PF for fiscal year 2023

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate operating foundationsSchoolsEducational service providersCharities

Issues

EducationHuman services

Characteristics

Provides grantsLobbyingTax deductible donationsAccepts online donations

General information

Address: 3045 Research Dr; Richmond, CA 94806
Metro area: San Francisco-Oakland-Berkeley, CA
County: Contra Costa County, CA
Website URL: making-waves.org/
Phone: (510) 237-6027

IRS details

EIN: 68-0204312
Fiscal year end: June
Taxreturn type: Form 990-PF
Year formed: 1990
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B92: Remedial Reading, Reading Encouragement Programs
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

California AB-488 details

AB 488 status: May Operate or Solicit for Charitable Purposes
Charity Registration status: Current - Awaiting Reporting
FTB status revoked: Not revoked
AG Registration Number: 074794
FTB Entity ID: 1651671
AB 488 data last updated ("as-of") date: 2025-03-05

Blog articles

Free account sign-up

Want updates when MWF has new information, or want to find more organizations like Making Waves Foundation (MWF)?

Create free Cause IQ account

Making Waves Foundation (MWF)

Program areas at MWF

Grants made by MWF

Who funds Making Waves Foundation (MWF)

Personnel at MWF

Financials for MWF

Form 990s for MWF

Organizations like MWF

Nonprofits

Product

Customers

About