Wave Academy EIN 36-4690777

Wave Academy FY2020 filing

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Promotes aquatic bodywork therapy for healing and personal growth. For fiscal year 2020 it reported $307K in revenue, $309K in expenses, and $332K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
San Diego, CA
Website
www.waveacademy.org
Filings
6 on file (2020–2020)
Revenue
$307KFY2020
Expenses
$309K
Net assets
$332K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-4690777 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes aquatic bodywork therapy for healing and personal growth.
Leadership
Elizabeth Berg · CEO · $102K
Money in and out
$307K revenue, $309K expenses
Bottom line
64% program efficiency
Where the money goes · FY2020
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.19 Fundraising $0.17
Program efficiency
64%
of spending reaches programs
Operating runway
12.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$307K
FY2020
Expenses
$309K
FY2020
Total assets
$336K
FY2020
Total liabilities
$4K
FY2020
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$336K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $198K of program spending, described in the organization's own filed words · FY2020.
01

Acquatic Bodywork Services. Individuals in critical need of therapeutic treatment may apply for sessions on a reduced fee basis. No-cost treatments are available to eligible applicants. Focused populations include military members diagnosed with Post-Traumatic Stress and their care providers, as well as hospice patients and their care…

$198Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWave Academy
EINHdr · item D36-4690777
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.waveacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B30)
Ruling yearIRS BMFJun 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$101,871Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Berg’s $109K as Executive Director is at the 87th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elizabeth Berg$108,508$103,506$104,781$104,781$101,540$101,871

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants99%$305K
Program service revenue$970
Investment income$656
Other revenue$204
— government grantsLn 1e$62K
Total revenueLn 12$307K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.19 Fundraising $0.17
Program services64%$198K
Management & general19%$58K
Fundraising17%$52K
Total functional expensesLn 25$309K

Balance Sheet

Part X · end of year
CashLn 1$311K
Total assetsLn 16$336K
Total liabilitiesLn 26$4K
Total net assetsLn 32$332K
Months of cash on handcomputed12.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $311K · Operating expenses/yr $309K
12.1 months
Where the money goes
Program services
Program services $198K · Total expenses $309K
64%
Management & General
Management & general $58K · Total expenses $309K
19%
Fundraising
Fundraising $52K · Total expenses $309K
17%
Cost to raise $1
Fundraising expense $52K · Solicited contributions $243K
$0.21 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $305K · Total revenue $307K
99%
Government reliance
Government grants $62K · Total revenue $307K
20%
Earned-income share
Program service revenue $970 · Total revenue $307K
0.3%
Investment reliance
Investment income $656 · Total revenue $307K
+0.2%
Program self-sufficiency
Program service revenue $970 · Total expenses $309K
0.3%
Growth & trend
Revenue growth (YoY)
This year $307K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $332K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $307K · Expenses $309K
-0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $336K
Net-asset ratio
Net assets $332K · Total assets $336K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $336K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Berg · Reported title CEO · Highest reported compensation $102K · Total expenses $309K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $222K · Total expenses $309K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 19%
Fundraising cost ratio 17%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$336K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$425K revenue · ⤓ 990 PDF
FY2024$616K revenue · ⤓ 990 PDF
FY2023$591K revenue · ⤓ 990 PDF
FY2022$820K revenue · ⤓ 990 PDF
FY2021$975K revenue · ⤓ 990 PDF
FY2020$307K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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