Ocean State Waves Inc

Nonprofit profile at a glance

EIN
352465059
IRS 990-EZ coverage
2013–2025
Forms available
Form 990-EZ 2025
Location
Wakefield, RI, USA
Phone
5163170803
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$79,346
Expenses
$80,754
Assets
$2,077
Liabilities
$117,935

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • PERRY BODNAR (PRESIDENT)
  • JOSEPH MELLO (VICE PRESIDENT)

People named in this filing

  • PERRY BODNAR (PRESIDENT)
  • ERIC HIRSCHBEIN-BODNAR (DIRECTOR)
  • KATHLEEN JOYCE (DIRECTOR)

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

Promote collegiate amateur baseball

What it reported doing in 2025

To operate a non-profit collegiate baseball team participating in the newengland collegiate baseball league, inc., an exempt organization underirc 501(c)(3). Group exemption number 3708

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • 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: Limited

Sustainability

  • Operating margin: -1.8%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 56.78; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 9.4% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: -3.9% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -2.3% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $83K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.