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Wave Academy

Healing Wave Aquatics

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364690777 ✦ San diego, CA ✦ Designated as a 501(c)(3)

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Overview

What is Wave Academy?

Wave Academy, operating under the name Healing Wave Aquatics, is a nonprofit organization situated in San Diego, California. Their primary focus is on providing aquatic therapy for military veterans, active duty personnel, and their caregivers who are dealing with the effects of post-traumatic stress. This therapeutic program, conducted over eight weeks, involves individualized sessions in a private, heated pool and is led by skilled professionals. The organization offers this service at no cost, provided the individuals can present proof of their service, diagnosis of post-traumatic stress, and evidence of their low-to-moderate income. The mission of Wave Academy is to support the overall well-being and stress management of these individuals through this unique aquatic therapy approach.


Official website here: www.waveacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%, Four-Star out of Four Star Rating

Wave Academy has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, leadership, and community engagement. The charity scored particularly well in the areas of culture and community, as well as leadership and adaptability, both receiving perfect scores of 100%. This indicates that Wave Academy not only maintains excellent governance practices but also fosters a positive organizational culture.

The organization's financial health is also notable, with a high accountability score of 92% and a program expense ratio of 66.55%, demonstrating a significant portion of its funding is directed toward its mission-driven activities. Additionally, Wave Academy has implemented robust policies regarding conflict of interest and whistleblower protections, which further strengthen its governance framework.

Despite the strong overall performance, areas for improvement could be focused on increasing the program expense ratio, as it still falls slightly short of the optimal range. However, the organization shows a commitment to ongoing investment in leadership development, which positions it well for future growth and effectiveness. Overall, Wave Academy demonstrates reliability and integrity in its operations, making it a trustworthy choice for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Wave Academy legitimate?

Wave Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wave Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $109,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,083

For more financial information, click here


Official website here: www.waveacademy.org

What is the mission statement of Wave Academy?

Wave Academy's mission is centered around supporting individual wellness, specifically in managing complex stress. They accomplish this through the utilization of aquatic therapy. The organization provides a practitioner-led experience, conducted in a private, heated pool over the course of eight weeks. This is offered as individualized sessions for military veterans, active duty personnel, and their caregivers, who are dealing with the debilitating effects of post-traumatic stress. The program is offered at no cost to those who meet the criteria of proof of service, proof of Post Traumatic Stress, and proof of Low-to-Moderate Income.


Official website here: www.waveacademy.org

Who is the CEO of Wave Academy?

Elizabeth Berg is the Ceo of Wave Academy. The CEO's salary of Wave Academy is $104,781 and their total compensation is $109,981.


Official website here: www.waveacademy.org

What is the revenue of Wave Academy?

Wave Academy's revenue in 2022 was $819,918.


Official website here: www.waveacademy.org

Who are the executives of Wave Academy and what are their salaries?

The average compensation at Wave Academy during 2022 was $71,266. There are 4 employees and 15 volunteers at Wave Academy.


Here are 8 key members and their salaries (Wave Academy's CEO's salary is $104,781 and their total compensation is $109,981):


Elizabeth Berg (Ceo)
  • Compensation: $104,781
  • Related: $0
  • Other: $5,200
David Sumpter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Feaster (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maggie Hannegan (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Seidel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Keith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Plache (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Dendy (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.waveacademy.org

Where can I find the form 990 for Wave Academy?

Wave Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.waveacademy.org

Learn more at the official website: www.waveacademy.org

Mission Statement of Wave Academy

Wave Academy, a renowned organization, is dedicated to supporting the wellness and stress management of individuals who have experienced complex traumas. Their mission is uniquely accomplished through aquatic therapy. By offering a practitioner-led, individualized program in a private, heated pool, Wave Academy provides an eight-week course aimed at benefiting military veterans, active-duty personnel, and their caregivers who are grappling with the debilitating effects of post-traumatic stress. To be eligible for this no-cost program, proof of service, post-traumatic stress, and low-to-moderate income are required.

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Impact




October, 2024

Wave Academy significantly impacts the lives of military veterans, active duty personnel, and their caregivers by providing specialized aquatic therapy designed to address the debilitating effects of post-traumatic stress. Through an 8-week program conducted in a private, heated pool, participants engage in practitioner-led sessions tailored to their individual needs, promoting both physical and emotional healing. By focusing on wellness and stress management, Wave Academy fosters a supportive environment that empowers individuals to overcome challenges associated with their service and trauma. The program is accessible to those meeting specific eligibility criteria, ensuring that vital therapeutic resources are available at no cost to low-to-moderate income participants in San Diego, CA. This commitment to tailored care and recovery underscores the transformative potential of aquatic therapy in enhancing overall well-being.




This information is meant to be a general summary of Wave Academy. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$819,918 (2022)
Expenses
$644,877 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $197
  • Program Service Revenue: $4,750
  • Gross Receipts: $819,918

Assets and Liabilities:

  • Total Assets: $1,662,365
  • Total Liabilities: $567,334
  • Net Assets: $1,095,031

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Pool fees

Revenue

$4,750

Organization Details

Founding Year

2010

Principal Officer

Elizabeth Berg

Main Address

2657 Ariane Drive, San Diego, CA, 92117

NTEE Category

Code: B30 - Education

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