To provide year round training for competitive swimming while promoting life skills and character development.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$205K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $57K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$113K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+14% vs prior year
Spent
$1.5M
To programs
92%
Net assets
$423K
By yearFY2020–FY2025
Revenue
$1.5M
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$707K
FY2021$866K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$1.5M
Expenses
$1.5M
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$660K
FY2021$781K
FY2022$994K
FY2023$1.1M
FY2024$1.3M
FY2025$1.5M
Net assets
$423K
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$131K
FY2021$216K
FY2022$328K
FY2023$433K
FY2024$418K
FY2025$423K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.4M Management & general 8% · $113K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/CEO
$72,600Pt VII · Sec A
$53,400Pt VII · Sec A
Secretary
$51,912Pt VII · Sec A
Vice President
$27,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Roy$72,600$72,400$70,200$67,800$67,800$67,800
Zachary Murray$53,400$51,000$48,000$44,100$42,000$38,800
Ed Lower—————$52,800
Macon Crowder$51,912$49,440$44,400———
Bradford Hancock——$28,000$38,000$34,020—
Casey Sink————$34,100$33,400
Jonathan Bescher$27,000$26,400$25,200$23,700$22,500$21,250

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.

See New Wave Swim Team executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Trains competitive swimmers year-round, fostering life skills and character.

Questions for New Wave Swim Team

Tap to ask. New Wave Swim Team sees how many people are interested.

Your first name shows with your question. New Wave Swim Team answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.4M · in their own filed words · FY2024
01

Programs to provide support to train & develop competitive swimmers

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$25

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$120K
Investment incomeLn 3$9
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$113K
Owns and owesPt X
$423K
net assets · Ln 32
Cash and savingsLn 1–2$369K
Total assetsLn 16$535K
LiabilitiesLn 26$113K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$9
Other incomeLn 4–11$120K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$290K
SavingsLn 2$79K
Cash and savings togetherLn 1–2$369K
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$600
Total assetsLn 16$535K
LiabilitiesLn 26$113K
Net assetsLn 32$423K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$469K$369K
Land, buildings, equipmentLn 10c$47K$40K
Total assetsLn 16$525K$535K
LiabilitiesLn 26$107K$113K
Net assetsLn 32$418K$423K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$203K$203K
Pay of disqualified personsLn 6$398K$299K$100K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$11K$8K$3K
Payroll taxesLn 10$47K$39K$8K
Accounting feesLn 11c$777$777
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$4K$3K$1K
OccupancyLn 16$12K$12K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$6K$5K$2K
Other expenses (24a–d)Ln 24$782K$782K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.5M$1.4M$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.5M$5K$423K 990 PDF
FY2024 $1.3M$1.3M−$16K$418K 990 PDF
FY2023 $1.2M$1.1M$106K$433K 990 PDF
FY2022 $1.1M$994K$112K$328K 990 PDF
FY2021 $866K$781K$85K$216K 990 PDF
FY2020 $707K$660K$47K$131K 990 PDF

More to add? Claim this org

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 $1,492,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,189,218$1,371,695
I-10 Investment incomePrior year $10$9
I-11 Other revenuePrior year $120,977$120,447
I-12 Total revenuePrior year $1,310,205$1,492,151
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $580,014$664,461
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $745,882$822,753
I-18 Total expensesPrior year $1,325,896$1,487,214
I-19 Revenue less expensesPrior year −$15,691$4,937
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,492,151 across 4 lines filed
Lines not itemized here account for $13,466 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,358,229$1,358,229
VIII-3 Investment incomeExcluded from tax $9$9
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $120,447$120,447
VIII-12 Total revenueRelated to mission $1,492,142 · Unrelated business $0 · Excluded from tax $9$1,492,151
Part IX · Statement of functional expenses $1,487,214 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $203,400$203,400
IX-6 Pay of disqualified personsPrograms $298,841 · Management $99,614$398,455
IX-8 Pension plan contributionsPrograms $5,373$5,373
IX-9 Other employee benefitsPrograms $7,939 · Management $2,646$10,585
IX-10 Payroll taxesPrograms $38,876 · Management $7,772$46,648
IX-11c Accounting feesPrograms $777$777
IX-11g Other fees for servicesPrograms $1,692$1,692
IX-13 Office expensesPrograms $3,054 · Management $1,018$4,072
IX-16 OccupancyPrograms $11,660$11,660
IX-22 Depreciation, depletion and amortizationPrograms $14,544$14,544
IX-23 InsurancePrograms $4,579 · Management $1,526$6,105
IX-24 Other expenses (24a–d)Programs $782,163$782,163
IX-24e All other expensesPrograms $1,740$1,740
IX-25 Total functional expensesPrograms $1,374,638 · Management $112,576 · Fundraising $0$1,487,214
Part X · Balance sheet $535,179 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $393,069$290,386
X-2 Savings and temporary cash investmentsStart of year $75,541$78,865
X-4 Accounts receivableStart of year $7,646$16,572
X-9 Prepaid expenses and deferred charges$108,550
X-10c Land, buildings and equipment, netStart of year $47,056$40,206
X-15 Other assetsStart of year $1,384$600
X-16 Total assetsStart of year $524,696$535,179
X-17 Accounts payable and accrued expensesStart of year $28,300$26,984
X-19 Deferred revenueStart of year $78,807$85,669
X-26 Total liabilitiesStart of year $107,107$112,653
X-27 Net assets without donor restrictionsStart of year $417,589$422,526
X-32 Total net assets or fund balancesStart of year $417,589$422,526
X-33 Total liabilities and net assetsStart of year $524,696$535,179
Part XI · Reconciliation of net assets $422,526 net assets at year end
XI-1 Total revenue$1,492,151
XI-2 Total expenses$1,487,214
XI-3 Revenue less expenses$4,937
XI-4 Net assets at start of year$417,589
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$422,526

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.