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World Wakeboard Association INC

Not tax-deductible

Lake Alfred, FL501(c)(6)Recreation & Sports EIN 59-3443057Revenue $1.6M in FY2024

On file with the IRSthewwa.com480 N Echo Dr, 33850-3210 · Lake Alfred, FLTax-exempt since Nov 1999

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Wakeboarding Sanction Standards. Promoting & growing competitive wake sports around the world. Being a leading source for riders, events and competitive standards,

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $15K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$214K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+34% vs prior year
Spent
$1.6M
To programs
98%
Net assets
$56K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$974K
FY2021$903K
FY2022$1.5M
FY2023$1.2M
FY2024$1.6M
Expenses
$1.6M
FY2024▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$994K
FY2022$1.5M
FY2023$1.0M
FY2024$1.6M
Net assets
$56K
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020−$52K
FY2021−$142K
FY2022−$137K
FY2023$43K
FY2024$56K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1999.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.6M Management & general 2% · $26K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Belter
Director
$0Pt VII · Sec A
See World Wakeboard Association INC executive salaries →

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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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Promotes and grows competitive wake sports globally, setting standards for riders and events.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Sanctioning Tournaments-Actively pursuing interested wakeboard contest organizers to make their tournaments sanctioned. Driver and Judge Training-The competition director has been actively training wakeboarding enthusiasts how to judge & drive for tournaments in locations around the world.

Pt IX · col B

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 · FY2022
Dora Bastiani Redmon MemorialFY2022$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.6M
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Managementcol C$26K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$783
Total assetsLn 16$270K
LiabilitiesLn 26$214K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$783
Cash and savings togetherLn 1–2$783
Land, buildings, equipmentLn 10c$25K
Other assetsLn 15$244K
Total assetsLn 16$270K
LiabilitiesLn 26$214K
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$11K$783
Land, buildings, equipmentLn 10c$29K$25K
Total assetsLn 16$256K$270K
LiabilitiesLn 26$213K$214K
Net assetsLn 32$43K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$9K$9K$0$0
OccupancyLn 16$5K$0$5K$0
TravelLn 17$215K$215K$0$0
Depreciation, depletion and amortizationLn 22$4K$0$4K$0
InsuranceLn 23$58K$58K$0$0
Other expenses (24a–d)Ln 24$14K$0$14K$0
All other expensesLn 24e$1.3M$1.3M$0$0
Total functional expensesLn 25$1.6M$1.6M$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.6M$14K$56K 990 PDF
FY2023 $1.2M$1.0M$174K$43K 990 PDF
FY2022 $1.5M$1.5M$5K−$137K 990 PDF
FY2021 $903K$994K−$90K−$142K 990 PDF
FY2020 $974K$1.2M−$178K−$52K 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 FY2024 990 (6 parts)
Part I · Summary $1,593,275 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,188,443$1,593,275
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,188,443$1,593,275
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,013,950$1,579,589
I-18 Total expensesPrior year $1,013,950$1,579,589
I-19 Revenue less expensesPrior year $174,493$13,686
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,593,275 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,593,275
VIII-12 Total revenueRelated to mission $1,593,275 · Unrelated business $0 · Excluded from tax $0$1,593,275
Part IX · Statement of functional expenses $1,579,589 across 8 lines filed
IX-11c Accounting feesPrograms $0 · Management $3,750 · Fundraising $0$3,750
IX-12 Advertising and promotionPrograms $9,455 · Management $0 · Fundraising $0$9,455
IX-16 OccupancyPrograms $0 · Management $4,506 · Fundraising $0$4,506
IX-17 TravelPrograms $215,478 · Management $0 · Fundraising $0$215,478
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $3,825 · Fundraising $0$3,825
IX-23 InsurancePrograms $57,834 · Management $0 · Fundraising $0$57,834
IX-24 Other expenses (24a–d)Programs $0 · Management $14,184 · Fundraising $0$14,184
IX-24e All other expensesPrograms $1,270,557 · Management $0 · Fundraising $0$1,270,557
IX-25 Total functional expensesPrograms $1,553,324 · Management $26,265 · Fundraising $0$1,579,589
Part X · Balance sheet $269,779 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,679$783
X-10c Land, buildings and equipment, netStart of year $29,255$25,430
X-15 Other assetsStart of year $215,799$243,566
X-16 Total assetsStart of year $255,733$269,779
X-17 Accounts payable and accrued expensesStart of year $57,240$57,600
X-24 Unsecured notes and loans payableStart of year $155,900$155,900
X-26 Total liabilitiesStart of year $213,140$213,500
X-32 Total net assets or fund balancesStart of year $42,593$56,279
X-33 Total liabilities and net assetsStart of year $255,733$269,779
Part XI · Reconciliation of net assets $56,279 net assets at year end
XI-1 Total revenue$1,593,275
XI-2 Total expenses$1,579,589
XI-3 Revenue less expenses$13,686
XI-4 Net assets at start of year$42,593
XI-10 Net assets at end of year$56,279

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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