Nonprofit · EIN 84-3224211
WAVE FOUNDATION
Tax-exempt · PORTLAND, OR 97230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $775,516 | $852,734 | -$77,218 | $178,038 | $0 | $178,038 |
| December 31, 2023 | 990 | $1,441,520 | $1,383,654 | $57,866 | $255,256 | $0 | $255,256 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $774,994
- of which government grants
- $622,610
- Program service revenue
- $0
- Investment income
- $522
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $558,593
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $7,530
- Program services (functional)
- $828,855
- Management and general (functional)
- $23,879
Balance sheet and other
- Total assets, start of year
- $255,256
- Total assets, end of year
- $178,038
- Total liabilities, end of year
- $0
- Net assets, end of year
- $178,038
- Net assets without donor restrictions
- $178,038
- Gross receipts
- $775,516
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2020
- State of legal domicile
- OR
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 |
|---|---|---|---|
| JUSTIN ZEULNER | PRESIDENT Trustee or director, Officer | 40 | $0 |
| CARMEN DOUGLASS | SECRETARY Trustee or director, Officer | 5 | $0 |
| KELLEY MARTIN | TREASURER Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN ZEULNER | PRESIDENT Trustee or director, Officer | 40 | $0 |
| CARMEN DOUGLASS | SECRETARY Trustee or director, Officer | 5 | $0 |
| KELLEY MARTIN | TREASURER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 13015 NE MORRIS CT, PORTLAND, OR 97230-1745
- In care of
- % JUSTIN ZEULNER
- Principal officer (990 for 2024)
- JUSTIN ZEULNER, 13015 NE MORRIS CT, PORTLAND, OR 97230
- Signed the 990
- JUSTIN ZEULNER, PRESIDENT
- Phone
- (503) 307-1630
- Website
- WWW.THEWAVENW.ORG
- Return prepared by
- HOFFMAN STEWART & SCHMIDT PC
Mission
THE WAVE FOUNDATION STRENGTHENS COMMUNITY HEALTH, LOCAL ECONOMIES, AND ENVIRONMENTAL SUSTAINABILITY. OUR WORK TOUCHES AN ARRAY OF INTERRELATED SECTORS: FOOD, ENERGY, TRANSPORTATION, ZERO WASTE, AND CLEAN AIR AND WATER.
Program accomplishments
- HEALTHY AND SUSTAINABLE FOOD: THE WAVE FOUNDATION MADE SIGNIFICANT STRIDES IN ADVANCING THE WAVE MARKETPLACE INITIATIVE, WHICH SUPPORTS THE INCLUSION OF TRIBAL, BIPOC, WOMEN, AND RURAL FOOD PRODUCERS IN THE FOOD AND BEVERAGE INDUSTRY. THIS INITIATIVE PROMOTES FOOD SOVEREIGNTY, EQUITY, AND JUSTICE, ENSURING THAT HISTORICALLY UNDERSERVED FISHERS, FARMERS, AND RANCHERS CAN PARTICIPATE IN THE MARKET. IN 2024, THE INITIATIVE MOVED FROM DEVELOPMENT TO IMPLEMENTATION, INCREASING THE VISIBILITY AND MARKET PRESENCE OF THESE PRODUCERS. THE WAVE FOUNDATION STRENGTHENED ITS PARTNERSHIP WITH COMPASS GROUP USA, NORTH AMERICA'S LARGEST CORPORATE FOOD SERVICE ORGANIZATION, TO FURTHER THE MARKETPLACE'S REACH. (SEE CONTINUATION ON SCHEDULE O). ADDITIONALLY, THE WAVE FOUNDATION SUPPORTED THE CREATION OF THE WAVE MARKETPLACE, LLCA TRIBAL-OWNED PRIVATE SECTOR ENTITYTO FACILITATE THE SALE OF THESE PRODUCTS IN THE FOOD SERVICE INDUSTRY. THE FOUNDATION ALSO SUPPORTED THE UNIVERSITY OF IDAHO'S CLIMATE-SMART COMMODITIES GRANT WITH THE USDA IN 2024.Expenses $190,636 · grants $161,158
- COMMUNITY FOOD SYSTEMS AND ZERO WASTE:THE WAVE FOUNDATION LAUNCHED A STRATEGIC COLLABORATION IN PORTLAND, OREGON, TO ADVANCE A "ZERO-WASTE VISION" FOR PROVIDENCE PARK, THE MODA CENTER, AND OTHER LARGE PUBLIC VENUES. THIS PROGRAM PLAYS A CRUCIAL ROLE IN REDUCING FOOD WASTE AND RE-ESTABLISHING COMPOSTING OPERATIONS IN THE NORTHWEST. WITH SUPPORT FROM THE USDA, THE WAVE FOUNDATION SECURED A GRANT TO PILOT THIS PROJECT, INTEGRATING THE WAVE MARKETPLACE INTO ITS OPERATIONS. IN APRIL 2024, AN EDUCATIONAL WORKSHOP WAS HELD IN PORTLAND TO RAISE AWARENESS ABOUT THE INITIATIVE. (SEE CONTINUATION ON SCHEDULE O). THE FOUNDATION ALSO PARTNERED WITH THE GLOBAL ALLIANCE OF LATINOS IN AGRICULTURE TO EXPAND THESE PROGRAMS TO THE EAST COAST, FOCUSING ON BALTIMORE AND COMPASS PROPERTIES. WE HAVE APPLIED FOR SEVERAL GRANTS (INCLUDING FROM THE USDA AND EPA) TO SUPPORT THIS PROJECT'S GROWTH.DURING 2024, THE WAVE FOUNDATION INITIATED ENGAGEMENTS WITH SEVERAL ALIGNED PARTNERS IN OREGON (OREGON COAST VISITORS ASSOCIATION, OREGON STATE UNIVERSITY, ECO-TRUST, AND OTHER RELATED NON-PROFITS) TO ADVANCE A 100% FISH INITIATIVE. THIS INITIATIVE WOULD REDUCE THE AMOUNT OF WASTE IN THE SEAFOOD PRODUCTION INDUSTRIES OF OREGON, INCREASING ECONOMIC PROSPERITY FOR FISHING COMMUNITIES WHILE REDUCING ENVIRONMENTAL IMPACTS.Expenses $165,771
- FOOD AND NUTRITION RELIEF: AS PART OF OUR ONGOING FOOD AND NUTRITION RELIEF PROGRAM, INITIATED DURING THE COVID-19 PANDEMIC, THE WAVE FOUNDATION DISTRIBUTED OVER 2,000,000 MEAL EQUIVALENTS TO COMMUNITIES FACING HUNGER IN 2024. THIS PROGRAM WAS FUNDED BY THE STATE OF WASHINGTON DEPARTMENT OF AGRICULTURE (AKA "WE FEED WA"). IN RESPONSE TO THE DEVASTATING FIRES IN LOS ANGELES, THE FOUNDATION PROVIDED FOOD AND CRISIS RELIEF TO IMPACTED COMMUNITIES. IN COLLABORATION WITH CONGRESSIONAL LEADERS, THE WAVE FOUNDATION CONTINUED ADVOCATING FOR REFORMS TO NATIONAL FOOD RELIEF PROGRAMS, DRAWING FROM OUR SUCCESSFUL REGIONAL MODEL THAT EMPHASIZES HEALTHY, SUSTAINABLE, AND CULTURALLY RELEVANT FOODS. (SEE CONTINUATION ON SCHEDULE O).DURING 2024, THE WAVE FOUNDATION INITIATED DISCUSSIONS WITH THE STATE OF OREGON, INQUIRING ABOUT THE POTENTIAL FOR A PILOT PROGRAM, LIKE THE WE FEED WA PROGRAM, FOR COMMUNITIES FACING HUNGER IN OREGON.Expenses $414,428 · grants $397,435
- CLEAN ENERGY AND TRANSPORTATION: IN PARTNERSHIP WITH CLIMATE SOLUTIONS, CLEAN AND PROSPEROUS WA, BUILD BACK BLACK ALLIANCE, AND OREGON BUSINESSES FOR CLIMATE, THE WAVE FOUNDATION CONTINUED THE BREAKING BARRIERS COLLABORATIVE, WHICH SUPPORTS BUSINESSES IN TRANSITIONING TO 100% ELECTRIFICATION OF REGIONAL BUILDINGS AND TRANSPORTATION INFRASTRUCTURE. IN 2024, THE COLLABORATION HOSTED SEVERAL ACCELERATOR PROGRAMS, HELPING 25-30 ORGANIZATIONS ACROSS WASHINGTON AND OREGONINCLUDING BIPOC-OWNED BUSINESSESRECEIVE TECHNICAL ASSISTANCE FOR ELECTRIFYING THEIR FLEETS. THIS INITIATIVE NOW INCLUDES PUBLIC AGENCIES AT THE STATE AND LOCAL LEVELS.Expenses $24,866
- ENVIRONMENTAL EQUITY AND JUSTICE: THE WAVE FOUNDATION CONTINUED WORKING WITH TRIBAL AND BIPOC COMMUNITIES TO ADVANCE EQUITY AND JUSTICE GOALS WITHIN OUR CORE PROGRAMS. OUR EFFORTS TO REFORM REGIONAL FOOD SYSTEMS PRIORITIZE INCREASING ACCESS FOR TRIBAL, BIPOC, WOMEN, AND OTHER UNDERREPRESENTED FOOD PRODUCERS TO THE LARGER, MORE ECONOMICALLY VIABLE FOOD AND BEVERAGE INDUSTRY. OUR CLEAN ENERGY AND TRANSPORTATION INITIATIVES DIRECTLY BENEFIT COMMUNITIES OF COLOR, WHICH ARE OFTEN DISPROPORTIONATELY AFFECTED BY CLIMATE-RELATED POLLUTION.Expenses $8,289
- YOUTH ENGAGEMENT: IN PARTNERSHIP WITH MUSCO, THE BUREAU OF INDIAN AFFAIRS, YAKAMA NATION, AND THE US SOCCER FOUNDATION, THE WAVE FOUNDATION FURTHER DEVELOPED A PROGRAM TO BUILD MINI-SPORTS COURTS IN NORTHWEST NATIVE COMMUNITIES. THESE COURTS PROVIDE TRIBAL YOUTH WITH ACCESS TO SPORTS AND PROMOTE HEALTHIER LIFESTYLES. IN 2022, THE PROJECT PARTNERS IDENTIFIED CELILO VILLAGE INDIAN COMMUNITY AS THE SITE FOR THE FIRST COURT, AND BY 2024, THE PROJECT WAS SUCCESSFULLY COMPLETED WITH FUNDING FROM THE FORD FAMILY FOUNDATION, ROUNDHOUSE FOUNDATION, AND OTHERS. THE WAVE FOUNDATION IS CONTINUING TO SECURE ADDITIONAL FUNDING AND IDENTIFY NEW PROJECT SITES TO EXPAND THIS INITIATIVE.Expenses $24,865
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
- 84-3224211
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C60)
- Assets (IRS master file)
- $178,038
- Income (IRS master file)
- $775,516
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $775,516 | $852,734 | $178,038 | XML |
| 990 | December 2023 | $1,441,520 | $1,383,654 | $255,256 | XML |
| 990 | December 2022 | $691,815 | $694,912 | $197,390 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-3224211).
Questions about WAVE FOUNDATION
- What is the EIN of WAVE FOUNDATION?
- The employer identification number (EIN) of WAVE FOUNDATION is 84-3224211.
- Is WAVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WAVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAVE FOUNDATION 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 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 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?
- The 990 for the year ended December 31, 2024 names JUSTIN ZEULNER.
- Who are the officers and directors of WAVE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WAVE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $775,516, expenses of $852,734 and total assets of $178,038 at year end.
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- OREGON CLIMATE TRUST EIN 91-1829325 · last filed 990 for 2025
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