Greenwave Partners
Nonprofit profile at a glance
- EIN
- 933102475
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Houston, TX, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $86,326
- Expenses
- $38,148
- Assets
- $148,635
- Liabilities
- $42,200
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Nicholas Sykes (Board President)
People named in this filing
- Nicholas Sykes (Board President)
- Sindhu Bhatt (Board Member)
- Jonathan Amos (Board Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Greenwave Partners Inc. promotes energy efficiency and renewable energy adoption by providing education technical assistance and innovative financing solutions for clean energy projects including solar battery storage EV charging water efficiency and weatherization initiatives in Houston Texas.
What it reported doing in 2025
Greenwave Partners Inc. provided innovative financing solutions to support the development and implementation of renewable energy and energy efficiency projects including commercial solar installations battery storage systems EV charging infrastructure water efficiency improvements and weatherization upgrades. During the year the organization assisted approximately ___ businesses and nonprofit entities in Houston Texas by facilitating access to affordable capital and technical guidance. These efforts increased clean energy adoption reduced operating costs for participating organizations and promoted environmental sustainability.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Sustainability: 74
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.5%; rating input score 52
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 55.8%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 3.9; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 51.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.