Nonprofit · EIN 47-3938878
NEWWAVE FOUNDATION INC
Tax-exempt · WINDSOR MILL, MD 21244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $913 | $146,757 | -$145,844 | $161,251 | $113,173 | $48,078 |
| December 31, 2023 | 990-PF | $9,524 | $110,209 | -$100,685 | $193,922 | $0 | $193,922 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $913
Expenses
- Grants and similar amounts paid
- $31,998
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $83,333
- Disbursements for charitable purposes
- $146,757
- Excise tax on investment income
- $13
Balance sheet and other
- Total assets, start of year
- $193,922
- Total assets, end of year
- $161,251
- Total liabilities, end of year
- $113,173
- Net assets, end of year
- $48,078
- Fair market value of assets
- $161,251
- Qualifying distributions
- $146,757
- Net investment income
- $913
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AIDEN V JOHNSON 2127 SUNTORY AVE, SPEARFISH, SD 57783 | EMPLOYEE Highest-paid employee | 40 | $83,333 | $181 |
| SHERIFAH MUNIS 6518 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21075 | EXECUTIVE DIRECTOR | 20 | $0 | $0 |
| DARREL FRATER 6519 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21076 | MEMBER | 1 | $0 | $0 |
| SOMACHI KACHIKWU 6520 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21077 | MEMBER | 1 | $0 | $0 |
| STEPHANIE LOTT 6521 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21078 | MEMBER | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERIFAH MUNIS 6518 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21075 | EXECUTIVE DIRECTOR | 20 | $0 |
| DARREL FRATER 6519 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21076 | MEMBER | 1 | $0 |
| SOMACHI KACHIKWU 6520 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21077 | MEMBER | 1 | $0 |
| STEPHANIE LOTT 6521 MEADOWRIDGE RD STE 100, ELKRIDGE, MD 21078 | MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2270 ROLLING RUN DR STE 400, WINDSOR MILL, MD 21244-1865
- In care of
- % SHERIFAH MUNIS
- Mailing address (990-N for 2016)
- 6518 Meadowridge Rd Suite 100, Elkridge MD 21075
- Principal officer (990-N for 2016)
- Sherifah Munis, 6518 Meadowridge Rd Suite 100, Eldridge MD 21075
- Signed the 990-PF
- SHERIFAH MUNIS, FOUNDER & EXECUTIVE DIRECTOR
- Phone
- (443) 776-1961
- Website
- newwave-foundation.org
- Return prepared by
- CHAWLA & CHAWLA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-3938878
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $161,251
- Income (IRS master file)
- $913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $913 | $146,757 | $161,251 | XML |
| 990-PF | December 2023 | $9,524 | $110,209 | $193,922 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Sherifah Munis | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3938878).
Questions about NEWWAVE FOUNDATION INC
- What is the EIN of NEWWAVE FOUNDATION INC?
- The employer identification number (EIN) of NEWWAVE FOUNDATION INC is 47-3938878.
- Is NEWWAVE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to NEWWAVE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEWWAVE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEWWAVE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWWAVE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of NEWWAVE FOUNDATION INC?
- The 990-N for 2016 names Sherifah Munis.
- Who are the officers and directors of NEWWAVE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $83,333 (AIDEN V JOHNSON, EMPLOYEE).
- How much revenue does NEWWAVE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $913, expenses of $146,757 and total assets of $161,251 at year end.
Other nonprofits in WINDSOR MILL
- ELIAS & SULTANA FOUNDATION EIN 85-2697541 · last filed 990-PF for 2025
- UROMI GENERAL HOSPITAL REHABILITATION PROJECT EIN 85-2562975 · last filed 990-PF for 2025
- SELFLESS SHARE INC EIN 93-4707421 · last filed 990-N for 2025
- SAMSON AGBOOLA FOUNDATION INC EIN 85-3163806 · last filed 990-PF for 2024
- PANTRY AID INC EIN 99-1075900 · last filed 990-N for 2025
- NEW BEGINNINGS INC EIN 11-3836336 · last filed 990 for 2025
- SPECTRUM SUPPORT INC EIN 52-1653481 · last filed 990 for 2025
- CARPE DIEM SEMPER INCORPORATED EIN 81-4260882 · last filed 990 for 2024
All nonprofits in WINDSOR MILL · Maryland · Philanthropy, voluntarism and grantmaking foundations