Waves of Grace
Nonprofit profile at a glance
- EIN
- 471913742
- IRS 990-EZ coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Brentwood, TN, USA
- Phone
- 6155870573
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Religion Related N.E.C.
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $107,312
- Expenses
- $118,117
- Assets
- $113,638
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- JENNIFER MATWIJEC (CO-FOUNDER/MANAGING DIRECT)
- MICHAEL MATWIJEC (CO-FOUNDER/PRINCIPAL)
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
Our mission is simple, because cancer is not. At Waves of Grace, we raise support to send families—in the midst of battling cancer—to a restful and renewing week at the beach, so they can reconnect, recharge, and return to the fight renewed. you can provide rest, relaxation, and memories for cancer patients and their families Dear Beach Homeowners, We are looking for more beach homeowners to join Waves of Grace** , a 501c3 nonprofit organization that provides an all expenses paid beach vacation to cancer patients and their families. We have successfully partnered with five beach homes in St. George Island, Miramar Beach, Panama City Beach, Crystal Beach, and Seaside. We have provided over 110 families affected by cancer a beach vacation. We have more families booked and are communicating with several others. We are growing and couldn’t be happier! The feedback we’ve gotten from our...
What it reported doing in 2024
The organization provides cancer patients and their families with all inclusive beach vacations by fundraising and receiving donations.
Operating model
- Revenue model
- Donor-supported. 71% 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
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: -10.1%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 12.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 13.5% per year; rating input score 100; 70th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 15/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 19/100.