Wave Pool Corp: Nonprofit Profile, Financials & Form 990 (EIN 47-5054823)

Carrington Broeman’s $72K as Interim Executive Director is at the 66th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 2 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Carrington Broeman	$71,738	—	—	—	—
Calcagno Cullen	—	$63,500	$63,500	$50,942	$50,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Exhibits art, educates the public, and supports artists through programs and community events.

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Provided by the organization

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3 programs · $151K · in their own filed words · FY2024

01

We inititate and support artist driven creative placemaking projects and exhibiting work that stretches beyond our gallery walls through interactive projects that proactively help our neighbors. We work with partner organizations to tackle tough problems through asset based development and center artist-driven solutions.

$91Kprogram expense

02

Welcome Project

The Welcome Project produces limited edition art pieces in collaboration with renowened artists like Jeffrey Giblson, Vanessa German, and Shahzia Sikander, created by refugee and immigrant artists from Nepal, Togo, and other countries. All profits feed back into growing the Welcome Project.

$50Kprogram expense

03

Studio and Woodshop Space Rental

Wave Pool has always been a space not just for art viewing, but for making, artistic development, and community building. Wave Pools wood shop has recently been upgraded and now has regular community hours where anyone is welcome to learn how to use a tool, take a class, or build a personal project.

$11Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Sozosei Foundation INCFY2024$100K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$91K

Carol Ann and Ralph V Haile JR FoundationFY2024$75K

Donor Advised Charitable Giving INCFY2024$11K

Cincinnati Institute of Fine ArtsFY2024$7K

The Greater Cincinnati FoundationFY2024$6K

GE FoundationFY2024$250

Earthward Bound FoundationFY2024$250

Total grants receivedfrom 8 funders$290K

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Grants paid · 2 grants · $1K · 2019–2019

Unitemized GrantFY2019$500

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$235K

Ln 12

Gifts and grantsLn 1h$191K

Fees for servicesLn 2g$23K

Other incomeLn 4–11$21K

Money outPt IX

$237K

Ln 25

Programscol B$151K

Managementcol C$62K

Fundraisingcol D$23K

Owns and owesPt X

$187K

net assets · Ln 32

Cash and savingsLn 1–2$472K

Total assetsLn 16$581K

LiabilitiesLn 26$394K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$191K

Government grantsLn 1e$23K

Fees for servicesLn 2g$23K

Other incomeLn 4–11$21K

Total revenueLn 12$235K

Assets in detailPt X, end of year

CashLn 1$472K

Cash and savings togetherLn 1–2$472K

InvestmentsLn 11–13$48K

Land, buildings, equipmentLn 10c$51K

Total assetsLn 16$581K

LiabilitiesLn 26$394K

Net assetsLn 32$187K

OperationsPt I, VI

EmployeesI 55

VolunteersI 650

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$388K	$472K
InvestmentsLn 11–13	$47K	$48K
Land, buildings, equipmentLn 10c	$59K	$51K
Total assetsLn 16	$562K	$581K
LiabilitiesLn 26	$378K	$394K
Net assetsLn 32	$184K	$187K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$90K	$48K	$33K	$9K
Accounting feesLn 11c	$7K	$0	$7K	$0
Other fees for servicesLn 11g	$16K	$7K	$82	$10K
Office expensesLn 13	$10K	$2K	$8K	$358
Information technologyLn 14	$675	$0	$675	$0
OccupancyLn 16	$25K	$13K	$9K	$3K
Depreciation, depletion and amortizationLn 22	$8K	$4K	$3K	$797
InsuranceLn 23	$6K	$3K	$2K	$587
Other expenses (24a–d)Ln 24	$75K	$75K	$290	$0
Total functional expensesLn 25	$237K	$151K	$62K	$23K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$235K	$237K	−$2K	$187K	990 PDF
FY2024	$403K	$505K	−$102K	$184K	990 PDF
FY2023	$464K	$605K	−$141K	$297K	990 PDF
FY2022	$524K	$0	$524K	$0	990 PDF
FY2021	$738K	$472K	$265K	$547K	990 PDF
FY2020	$414K	$309K	$105K	$282K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $235,250 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $293,944$190,975

I-9 Program service revenuePrior year $102,909$23,489

I-10 Investment income$0

I-11 Other revenuePrior year $6,598$20,786

I-12 Total revenuePrior year $403,451$235,250

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $232,675$89,737

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $272,798$147,143

I-18 Total expensesPrior year $505,473$236,880

I-19 Revenue less expensesPrior year −$102,022−$1,630

Part VI · Governance 6 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $235,250 across 8 lines filed

Lines not itemized here account for $8,005 of total revenue; see the IRS return.

VIII-1a Federated campaigns$12,500

VIII-1e Government grants$22,557

VIII-1f All other contributions, gifts and grants$155,918

VIII-1h Total contributions, gifts and grants$190,975

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$23,489

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $4,849$4,849

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $439 · Unrelated business $0 · Excluded from tax $7,493$7,932

VIII-12 Total revenueRelated to mission $31,933 · Unrelated business $0 · Excluded from tax $12,342$235,250

Part IX · Statement of functional expenses $236,880 across 9 lines filed

IX-7 Other salaries and wagesPrograms $47,733 · Management $32,682 · Fundraising $9,322$89,737

IX-11c Accounting feesPrograms $0 · Management $7,062 · Fundraising $0$7,062

IX-11g Other fees for servicesPrograms $6,600 · Management $82 · Fundraising $9,703$16,385

IX-13 Office expensesPrograms $1,834 · Management $7,646 · Fundraising $358$9,838

IX-14 Information technologyPrograms $0 · Management $675 · Fundraising $0$675

IX-16 OccupancyPrograms $13,206 · Management $9,042 · Fundraising $2,579$24,827

IX-22 Depreciation, depletion and amortizationPrograms $4,079 · Management $2,793 · Fundraising $797$7,669

IX-23 InsurancePrograms $3,008 · Management $2,060 · Fundraising $587$5,655

IX-24 Other expenses (24a–d)Programs $74,742 · Management $290 · Fundraising $0$75,032

IX-25 Total functional expensesPrograms $151,202 · Management $62,332 · Fundraising $23,346$236,880

Part X · Balance sheet $581,222 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $387,597$472,122

X-8 Inventories for sale or useStart of year $10,791$5,381

X-9 Prepaid expenses and deferred chargesStart of year $4,100$4,059

X-10c Land, buildings and equipment, netStart of year $58,903$51,236

X-11 Publicly traded securitiesStart of year $47,021$48,424

X-16 Total assetsStart of year $562,392$581,222

X-17 Accounts payable and accrued expensesStart of year $25,721$8,745

X-25 Other liabilitiesStart of year $352,410$385,142

X-26 Total liabilitiesStart of year $378,131$393,887

X-27 Net assets without donor restrictionsStart of year $184,261$187,335

X-32 Total net assets or fund balancesStart of year $184,261$187,335

X-33 Total liabilities and net assetsStart of year $562,392$581,222

Part XI · Reconciliation of net assets $187,335 net assets at year end

XI-1 Total revenue$235,250

XI-2 Total expenses$236,880

XI-3 Revenue less expenses−$1,630

XI-4 Net assets at start of year$184,261

XI-8 Prior period adjustments$4,704

XI-10 Net assets at end of year$187,335

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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