Nonprofit · EIN 61-1325992
WAVE FOUNDATION INC
Tax-exempt · NEWPORT, KY 41071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $916,200 | $969,262 | -$53,062 | $3,201,198 | $121,504 | $3,079,694 |
| December 31, 2023 | 990 | $1,073,039 | $786,775 | $286,264 | $3,094,611 | $143,169 | $2,951,442 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $447,377
- Program service revenue
- $378,062
- Investment income
- $66,845
- Net income from fundraising events
- -$52,580
- Net income from sales of inventory
- $49,965
- Other revenue
- $23,916
Expenses
- Grants and similar amounts paid
- $22,103
- Compensation of officers, directors and key employees
- $186,950
- Salaries, compensation and benefits (total)
- $722,961
- Professional fundraising fees
- $0
- Accounting fees
- $3,525
- Occupancy
- $50,046
- Travel
- $8,290
- Depreciation
- $20,839
- Program services (functional)
- $732,203
- Management and general (functional)
- $138,374
- Fundraising (functional)
- $98,685
Balance sheet and other
- Total assets, start of year
- $3,094,611
- Total assets, end of year
- $3,201,198
- Total liabilities, end of year
- $121,504
- Net assets, end of year
- $3,079,694
- Land, buildings and equipment
- $674,518
- Publicly traded securities
- $1,991,367
- Net assets without donor restrictions
- $2,959,169
- Net assets with donor restrictions
- $120,525
- Gross receipts
- $1,085,143
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1998
- State of legal domicile
- KY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tricia Watts | Executive Director Officer | 60 | $127,011 | $17,213 |
| Julie Uffman | Business Manager Officer | 30 | $39,828 | $2,899 |
| Jeff Weisker | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jacob Purcell | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Greg Flasch | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jennifer Gothard | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Marcus Laifook | Member Trustee or director | 1 | $0 | $0 |
| Stepahanie Koch Snyder | Member Trustee or director | 1 | $0 | $0 |
| Zach Weber | Member Trustee or director | 1 | $0 | $0 |
| Dudley Taft | Lifetime Member Trustee or director | 1 | $0 | $0 |
| Kim Snyder | Member Trustee or director | 1 | $0 | $0 |
| Khalid Kareem | Member Trustee or director | 1 | $0 | $0 |
| Anthony Serelakis | Member Trustee or director | 1 | $0 | $0 |
| Yashna Patel | Member Trustee or director | 1 | $0 | $0 |
| Tabitha Tolliver | Member Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Todd Klesch | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tricia Watts | Executive Director Officer | 60 | $134,349 | $17,213 |
| Julie Uffman | Business Manager Officer | 30 | $39,828 | $2,899 |
| Jeff Weisker | Chair Trustee or director | 1 | $0 | $0 |
| Jacob Purcell | Treasurer Trustee or director | 1 | $0 | $0 |
| Greg Flasch | Vice Chair Trustee or director | 1 | $0 | $0 |
| Jennifer Gothard | Secretary Trustee or director | 1 | $0 | $0 |
| Marcus Laifook | Member Trustee or director | 1 | $0 | $0 |
| Stepahanie Koch Snyder | Member Trustee or director | 1 | $0 | $0 |
| Zach Weber | Member Trustee or director | 1 | $0 | $0 |
| Dudley Taft | Lifetime Member Trustee or director | 1 | $0 | $0 |
| Kim Snyder | Member Trustee or director | 1 | $0 | $0 |
| Khalid Kareem | Member Trustee or director | 1 | $0 | $0 |
| Anthony Serelakis | Member Trustee or director | 1 | $0 | $0 |
| Yashna Patel | Member Trustee or director | 1 | $0 | $0 |
| Shayna Nevermann | Member Trustee or director | 1 | $0 | $0 |
| Tabitha Tolliver | Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 AQUARIUM WAY, NEWPORT, KY 41071-1679
- In care of
- % BARRY ROSENBERG
- Principal officer (990 for 2024)
- Tricia Watts, 1 Aquarium Way, Newport, KY 41071
- Signed the 990
- Tricia Watts, Executive Director
- Phone
- (859) 815-1404
- Website
- wavefoundation.org
- Return prepared by
- Locey Mitchell & Associates Ltd
Mission
WAVE Foundation inspires and fosters environmental stewards of aquatic life through education, conservation, and volunteerism.
Program accomplishments
- Educational programs - Provides curriculum for teachers and students that further the educational goals of WAVE Foundations mission and Newport Aquariums programming which includes educational camps, community outreach and after school program.Expenses $611,074 · revenue $202,716
- Conservation programs - Provides funding for conservation projects locally, nationally, and internationally. Also includes merchandise sales which include animal art, animal adoptions, shark tooth necklaces, coin drops and Kentucky wild cards. Funds raised from the sales of these items help to support our conservation effort.Expenses $33,148 · grants $22,103 · revenue $55,703
- Volunteer programs - Recruit, on-board, train and schedule volunteers to provide education to Newport Aquarium guests as well as the Greater Cincinnati area. Volunteer programs include exhibit interpreters, dive services, summer naturalist teem programming, outreach education specialists, husbandry aids and episodic volunteers to support our fundraising efforts.Expenses $87,981 · revenue $3,699
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1325992
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A501)
- Assets (IRS master file)
- $3,201,198
- Income (IRS master file)
- $1,085,143
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $916,200 | $969,262 | $3,201,198 | IRS |
| 990 | December 2023 | $1,073,039 | $786,775 | $3,094,611 | XML |
| 990 | December 2022 | $981,560 | $554,709 | $2,577,013 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 61-1325992).
Questions about WAVE FOUNDATION INC
- What is the EIN of WAVE FOUNDATION INC?
- The employer identification number (EIN) of WAVE FOUNDATION INC is 61-1325992.
- Is WAVE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WAVE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAVE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WAVE 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 WAVE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WAVE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Tricia Watts.
- Who are the officers and directors of WAVE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $127,011 (Tricia Watts, Executive Director).
- How much revenue does WAVE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $916,200, expenses of $969,262 and total assets of $3,201,198 at year end.
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