Nonprofit · EIN 87-1236053
WAVE CREST ACADEMY INC
Tax-exempt · MELBOURNE, FL 32935
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $577,774 | $584,998 | -$7,224 | $99,410 | $34,006 | $65,404 |
| December 31, 2023 | 990-EZ | $163,532 | $110,963 | $52,569 | $64,703 | $332 | $64,371 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,114
- Program service revenue
- $557,631
- Investment income
- $0
- Other revenue
- $1,029
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $78,526
- Occupancy
- $41,691
- Travel
- $3,882
- Depreciation
- $11,914
- Program services (functional)
- $584,998
Balance sheet and other
- Total assets, start of year
- $64,703
- Total assets, end of year
- $99,410
- Total liabilities, end of year
- $34,006
- Net assets, end of year
- $65,404
- Net assets without donor restrictions
- $65,404
- Gross receipts
- $577,774
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- FL
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 |
|---|---|---|---|
| None | None | – | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARRAJJ BRANDY | Director | 20 | $18,000 |
| SCHAEFER JANE | President | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1244 WATER ST, MELBOURNE, FL 32935-7053
- Mailing address (990-N for 2022)
- 1244 WATER STREET, Melbourne FL 32935
- Principal officer (990 for 2024)
- Brandy Arraji, 1244 WATER ST, Melbourne, FL 32935
- Principal officer (990-N for 2022)
- BRANDY ARRAJJ, 56 CALCUTTA COURT, Indialantic FL 32903
- Signed the 990
- Brandy Arraji, Secretary
- Phone
- (321) 795-3458
- Return prepared by
- Donaldson CPA
Mission
Were a non-profit school that helps students of all abilities, including Gifted, ASD & ADD kids from families
Program accomplishments
- To provided a inclusive education for children with all abilitiesExpenses $584,998 · revenue $577,774
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-EZ on file |
IRS record
- EIN
- 87-1236053
- 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)
- Education (B90)
- Assets (IRS master file)
- $99,410
- Income (IRS master file)
- $577,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $577,774 | $584,998 | $99,410 | IRS |
| 990-EZ | December 2023 | $163,532 | $110,963 | $64,703 | IRS |
| 990-N for 2022 Officer: BRANDY ARRAJJ | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Brandy Arrajj | December 31, 2021 | ≤ $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 87-1236053).
Questions about WAVE CREST ACADEMY INC
- What is the EIN of WAVE CREST ACADEMY INC?
- The employer identification number (EIN) of WAVE CREST ACADEMY INC is 87-1236053.
- Is WAVE CREST ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WAVE CREST ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAVE CREST ACADEMY 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 CREST ACADEMY 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 CREST ACADEMY 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 CREST ACADEMY INC?
- The 990 for the year ended December 31, 2024 names Brandy Arraji.
- Who are the officers and directors of WAVE CREST ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does WAVE CREST ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $577,774, expenses of $584,998 and total assets of $99,410 at year end.
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