The Wave

Nonprofit profile at a glance

EIN
832985273
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Big Lake, MN, USA
Rating confidence
Limited
Sector
Youth Development Programs

Reported finances

Revenue
$148,409
Expenses
$140,719
Assets
$12,486
Liabilities
$23,874

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • Molly Schroeder (Director)
  • LEE SPITZENGEL (Program Assistant)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wave offers mentoring skills-building activities speakers and a social environment in which kids feel safe loved and a sense of acceptance and belonging. These activities also provide ways for our community to be involved in life-changing ways and help build a better sense of community.

Operating model

Revenue model
Donor-supported. 99% 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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 5.2%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 1.91; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 37.1%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 48.2% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 9.3% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: -23.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.