The Wave Youth Center LLC

Nonprofit profile at a glance

EIN
922821675
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025
Location
Big Lake, MN, USA
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$500
Expenses
$400
Assets
$3,795
Liabilities
$3,358

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Molly Schroeder (President)
  • Kristi McAlpin (Vice President)

People named in this filing

  • Molly Schroeder (President)
  • Kristina Bruggeman Maag (Board Member)
  • Kyle Sidlo (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

Our primary exempt purpose is to support the wave through fundraising to purchase land and construct and maintain a new facility for the wave to operate an after-school program and summer program for middle and high school - school aged youth in Big Lake Minnesota.

What it reported doing in 2025

The organization develops the infrastructure needed to deliver youth programs by supporting the planning permitting and build-out of a future service facility.

Operating model

Revenue model
Donor-supported. 100% 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: 82
  • Sustainability: 68
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 20%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 9.49; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -110.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -24.3% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.