Wave Educational Fund Inc
Nonprofit profile at a glance
- EIN
- 391917076
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Milwaukee, WI, USA
- Phone
- 4143519283
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Crime Prevention
Reported finances
- Revenue
- $969,854
- Expenses
- $607,300
- Assets
- $1,406,683
- Liabilities
- $42,066
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- NANCY JONES (VICE PRESIDENT)
- JAMES SANTELLE (PRESIDENT)
Highest reported compensation
- JERI BONAVIA (EXECUTIVE DIR.): $116,293 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wisconsin anti-violence effort educational fund is a non-profit, statewide organization dedicated to preventing gun violence, injuries and deaths through education and advocacy.
What it reported doing in 2024
Education: created numerous types of information materials including reports, fact sheets, graphs, etc. That were widely disseminated by mail, email, presentations, in-person distribution, and website.coalition building: maintained and expanded a viable coalition of law enforcement, suicide prevention, public health, violence prevention, community-based, children and family, education, faith-based, and other groups with a common interest in reducing gun violence.youth programs: offered a youth internship, a youth advisory board, and other youth programs, to guide, educate, and empower diverse youth to become the next generation of gun violence prevention leaders, which is vital to forging a safer future.
Operating model
- Revenue model
- Donor-supported. 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 92
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.7%; rating input score 58
- Program expense ratio: 89.8%; rating input score 90
- Fundraising efficiency: $87.27 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 37.4%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 19.1%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 18.1% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 57.7% of revenue deployed · 89.8% of spending went to programs
- Governance: 6 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $545K in reported program spending
- Leadership: top reported pay $116K · 7 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.