Overview
What is Wave Foundation Inc?
Wave Foundation Inc, located in Newport, Kentucky, is a dedicated nonprofit organization. Their primary focus lies in fostering education about aquatic life and the significance of environmental conservation. They achieve this through a variety of initiatives, such as developing educational programs for teachers and students, organizing educational camps, engaging in community outreach, and offering after-school programs. These efforts align with their mission to excite, engage, and educate communities, instilling a sense of responsibility towards the protection and preservation of natural resources. Based at One Aquarium Way, Wave Foundation Inc continues to contribute to the education and awareness of aquatic life and environmental conservation.
Official website here: www.wavefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Wave Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored particularly well in its governance practices, boasting a fully independent board and a solid audit and oversight framework. This rigorous attention to financial management underscores the charity's commitment to transparency and responsible stewardship of resources.
The foundation's financial health is further evidenced by its low liabilities-to-assets ratio of 4.88%, indicating strong financial stability. Additionally, the organization has implemented various policies such as conflict of interest and whistleblower protections, which are critical for maintaining ethical practices. However, while the program expense ratio is relatively high at 63.80%, there is room for improvement in maximizing program spending to enhance its overall impact.
Overall, Wave Foundation Inc demonstrates a strong commitment to accountability and sound financial practices, making it a trustworthy choice for donors. However, the organization should continue to focus on optimizing its program expenses to ensure that a higher percentage of funds directly support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wave Foundation Inc legitimate?
Wave Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wave Foundation Inc 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: $150,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,435
For more financial information, click here
Official website here: www.wavefoundation.org
What is the mission statement of Wave Foundation Inc?
The Wave Foundation Inc's mission is centered around inspiring, engaging, and educating communities regarding aquatic life and the significance of protecting and preserving natural resources and the environment. They strive to achieve this goal through their educational programs, which provide curriculum for teachers and students, expanding upon the educational objectives of the Wave Foundation's mission and the programming at Newport Aquarium. This includes offering educational camps, community outreach, and after-school programs.
Official website here: www.wavefoundation.org
Who is the CEO of Wave Foundation Inc?
Tricia Watts is the Chair of Wave Foundation Inc.
Official website here: www.wavefoundation.org
What is the revenue of Wave Foundation Inc?
Wave Foundation Inc's revenue in 2022 was $981,560.
Official website here: www.wavefoundation.org
Who are the executives of Wave Foundation Inc and what are their salaries?
There 100 volunteers at Wave Foundation Inc.
Here are 17 key members and their salaries:
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- Compensation: $38,670
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Official website here: www.wavefoundation.org
Where can I find the form 990 for Wave Foundation Inc?
Wave Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wavefoundation.org
Learn more at the official website: www.wavefoundation.org
Mission Statement of Wave Foundation Inc
Wave Foundation, a dedicated organization, is committed to sparking interest, involving communities, and enlightening them about aquatic life and the significance of preserving and safeguarding natural resources and the environment. Their mission revolves around stimulating curiosity, engaging the public, and educating them on the crucial role of aquatic life and environmental conservation. Through their educational programs, they offer curriculums for teachers and students, furthering the educational objectives of Wave Foundation's mission and the programming at Newport Aquarium. This includes organizing educational camps, participating in community outreach initiatives, and running after-school programs.
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Impact
July, 2024
Wave Foundation Inc's impact is focused on exciting, engaging, and educating communities about aquatic life and the importance of protecting and conserving natural resources and the environment. Through educational programs such as curriculum for teachers and students, educational camps, community outreach initiatives, and after-school programs, Wave Foundation Inc is working towards furthering its mission to raise awareness and promote conservation efforts. As a result, the organization is making a positive difference in Newport, KY, by instilling a greater appreciation for aquatic life and environmental stewardship within the community.
This information is meant to be a general summary of Wave Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31,134
- Program Service Revenue: $200,586
- Gross Receipts: $1,147,585
Assets and Liabilities:
- Total Assets: $2,577,013
- Total Liabilities: $125,825
- Net Assets: $2,451,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education
Revenue
$145,449
Conservation
Revenue
$55,137
Organization Details
Founding Year
1998
Phone
(859) 815-1404Principal Officer
Tricia Watts
Main Address
One Aquarium Way, Newport, KY, 41071
Website
www.wavefoundation.orgNTEE Category
Code: A501 - Arts
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