Waves of Color Inc

Nonprofit profile at a glance

EIN
393727880
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025
Location
San Diego, CA, USA
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$1,640
Expenses
$341
Assets
$1,299

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

Leadership & pay

3 people listed

People named in this filing

  • Helen Lin (Founder and Director)
  • Stephanie Doshier (CoFounder and Creative Director)
  • Marisa Villarreal (Secretary and Treasurer)

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

Waves of Colors goal is to empower the next generation of female surf leaders coaches mentors and competitors. We provide scholarships surf and ocean education well-being resources and skill development opportunities. Our aim is to cultivate environments where women can enhance confidence form connections and develop strength both in and out of the water. Waves of Color strives to offer support and representation for women in surfing train more female coaches boost confidence and nurture an inclusive global surf community. We secure funding for our initiatives through fundraisers grants and sponsorships.

What it reported doing in 2025

Founders Helen and Stephanie self fund travel to Newquay UK to attend surf coach training with Women + Waves. They participate in the ISA Level 1 surf coach certification to better support the nonprofit surf community and future scholarship recipients.

Operating model

Revenue model
Donor-supported. 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 51
  • Transparency & Controls: 82
  • Sustainability: 75
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 20.9%; rating input score 21
  • 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: 79.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.81; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 20.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $342 in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.