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	2022-12	Construction	$12,945,000
John H and Regina K Scully Foundation	2022-12	General Support	$12,930,000
Stanford University / The Board of Trustees of the Leland Stanford Junior University	2023-08	Program Support	$350,000
...and 18 more grants received totalling $27,268,000

Personnel at MWF

Name	Title	Compensation	Date of data
Patrick O'Donnell	Chief Executive Officer	$304,159	2023-07-19
Erick Roa	Chief Operating Officer	$204,736	2023-07-19
Jane Choi	Chief Finance and Strategy Officer	$165,425	2023-06-30
Darcy Deming	Chief Advancement Officer	$0	2023-06-30
Aiyana Mourtos	Chief Program Officer	$194,770	2023-06-30
...and 27 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	$8,990,502
ProLiteracy Worldwide	501(c)(3)	Syracuse, NY	$10,528,380
Ampact	501(c)(3)	Minneapolis, MN	$65,962,045
Millard Public Schools Foundation	501(c)(3)	Omaha, NE	$12,483,072
National Center for Families Learning (NCFL)	501(c)(3)	Louisville, KY	$9,799,383
Broward College Foundation	501(c)(3)	Fort Lauderdale, FL	$14,539,033
University of Rhode Island Foundation and Alumni Engagement	501(c)(3)	Kingston, RI	$33,495,561
Pinellas Education Foundation (PEF)	501(c)(3)	Largo, FL	$9,197,386

Data update history

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

May 20, 2024

Updated personnel

Identified 3 new personnel

May 18, 2024

Used new vendors

Identified 1 new vendor, including

May 18, 2024

Received grants

Identified 8 new grant, including a grant for $12,945,000 from John H and Regina K Scully Foundation

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
FTB status revoked: Not revoked
AG Registration Number: 074794
FTB Entity ID: 1651671
AB 488 data last updated ("as-of") date: 2024-11-20

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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

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