The Wave Program
Nonprofit profile at a glance
- EIN
- 813074590
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990 2016, Form 990-EZ 2025
- Location
- Pacific Grove, CA, USA
- Phone
- 8316266080
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $132,133
- Expenses
- $104,386
- Assets
- $39,820
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Diane M Resetar (President)
People named in this filing
- Diane M Resetar (President)
- Stephen M Adams (Treasurer)
- Gilles Gameiro (Executive Sec)
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
The Wave Program is formed (i) to provide recreation, educational and cultural programs for youth who reside within the City of Pacific Grove or who are enrolled in the public schools within the Pacific Grove Unified School District and (ii) to support and enhance programs offered by Pacific Grove High School and the elementary schools within the Pacific Grove Unified School District.
What it reported doing in 2025
The Wave Program of Pacific Grove (TWP) is entering its 9th summer.We continue to offer all sports free of cost that Pacific Grove High School competes in. Plus, each summer we include culinary, art, board games, backyard games, writing, and math. 4th, 5th, 6th, and 7th grade Pacific Grove residents participate each summer for two weeks.We continue to employ Pacific Grove Head Coaches as well as high school students and college students predominantly from PGHS. We also have over 100 PGHS tudent/athletes that volunteer to receive community service hours. The summer of 2025 we will continue to grow with our sports activities and enrichment programs. We will be adding a guest speaker every day to inspire, motivate, and inform our youth about the important topics related to and emphasizingparticipating athletics. Also the benefits of nutrition and exercise for a healthy lifestyle. TWP has become a successful summer program that the community holds in the highest regard.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.6%; rating input score 77
- Program expense ratio: 96.9%; rating input score 97
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: 21%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -1.4% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -10.5% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -31.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 76.6% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.