Big Waves Foundation INC FY2020 filing

Tax-deductible

Broomfield, CO501(c)(3)Since 2018Recreation & SportsEIN 61-1913895

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Our mission is to encourage positive mind and body health by providing opportunity and outlet for young athletes to participate in water polo with the intention that this space creates a healthy environment for young athletes to feel and process different emotions. Our vision is to provide a constructive outlet for youth to overcome difficult emotions in order to process them in a healthy way. In doing this, Big Waves intends on further impacting legislation around mental health and gun violence.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $68K a year · 51% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
74 mo
of spending, in cash
Looks good: 74.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$419
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
Spent
$27K
To programs
52%
Net assets
$281K
By yearFY2020–FY2025
Revenue
$97K
FY2020
Revenue by fiscal year
FY2020$97K
FY2021$166K
FY2022$138K
FY2023$86K
FY2024$200K
FY2025$111K
Expenses
$27K
FY2020
Expenses by fiscal year
FY2020$27K
FY2021$40K
FY2022$68K
FY2023$73K
FY2024$99K
FY2025$80K
Net assets
$281K
FY2020
Net assets by fiscal year
FY2020$281K
FY2021$406K
FY2022$476K
FY2023$489K
FY2024$589K
FY2025$621K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $14K Management & general 32% · $9K Fundraising 16% · $4K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Big Waves Foundation 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

Programs and updates

Promotes youth water polo for healthy emotional processing and advocacy.

Provided by the organization

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1 program service account for $14K of program spending, described in the organization's own filed words · FY2020.
01

2020 service accomplishments: big waves hosted three community blood drives yielding nearly 100 units of blood. Provided two 5,000 assistance for the 2019 scholarship award and provided one 5,000 assistance for the 2020 scholarship award. Big waves donated 2,200 to broomfield fish, a local non profit helping families in need.

$14Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$6K
Grants paid · 9 grants · $183K · 2020–2025
Unitemized GrantFY2025$35,000
Unitemized GrantFY2024$35,700
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$1,050
Unitemized GrantFY2022$30,000
Unitemized GrantFY2021$20,000
Unitemized GrantFY2021$1,000
Unitemized GrantFY2020$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$45K
Other incomeLn 4–11$34K
Investment incomeLn 3$19K
Money outPt IX
$27K
Ln 25
Programscol B$14K
Managementcol C$9K
Fundraisingcol D$4K
Owns and owesPt X
$281K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$281K
LiabilitiesLn 26$419
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$19K
Other incomeLn 4–11$34K
Gains on assetsLn 7$15K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$169K
InvestmentsLn 11–13$112K
Total assetsLn 16$281K
LiabilitiesLn 26$419
Net assetsLn 32$281K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$160K$169K
InvestmentsLn 11–13$50K$112K
Total assetsLn 16$212K$281K
LiabilitiesLn 26$176$419
Net assetsLn 32$212K$281K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$10K$10K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$605$605
Advertising and promotionLn 12$8K$4K$4K
Office expensesLn 13$661$661
Information technologyLn 14$308$246$31$31
InterestLn 20$39$39
InsuranceLn 23$854$854
Other expenses (24a–d)Ln 24$2K$739$823$370
All other expensesLn 24e$191$191
Total functional expensesLn 25$27K$14K$9K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $111K$80K$31K$621K 990 PDF
FY2024 $200K$99K$101K$589K 990 PDF
FY2023 $86K$73K$13K$489K 990 PDF
FY2022 $138K$68K$70K$476K 990 PDF
FY2021 $166K$40K$126K$406K 990 PDF
FY2020 Viewing $97K$27K$70K$281K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $97,381 across 8 lines filed
VIII-1c Fundraising events$16,755
VIII-1f All other contributions, gifts and grants$28,391
VIII-1g Noncash contributions (included above)$16,386
VIII-1h Total contributions, gifts and grants$45,146
VIII-3 Investment incomeExcluded from tax $3,173$3,173
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,486$15,486
VIII-8 Net income from fundraising eventsExcluded from tax $33,576$33,576
VIII-12 Total revenueExcluded from tax $52,235$97,381
Part IX · Statement of functional expenses $27,270 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $3,300$3,300
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11c Accounting feesManagement $1,663$1,663
IX-11f Investment management feesManagement $605$605
IX-12 Advertising and promotionManagement $3,858 · Fundraising $3,859$7,717
IX-13 Office expensesManagement $661$661
IX-14 Information technologyPrograms $246 · Management $31 · Fundraising $31$308
IX-20 InterestManagement $39$39
IX-23 InsuranceManagement $854$854
IX-24 Other expenses (24a–d)Programs $739 · Management $823 · Fundraising $370$1,932
IX-24e All other expensesManagement $191$191
IX-25 Total functional expensesPrograms $14,285 · Management $8,725 · Fundraising $4,260$27,270
Part X · Balance sheet $281,017 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $40,425$19,666
X-2 Savings and temporary cash investmentsStart of year $119,533$149,731
X-11 Publicly traded securitiesStart of year $50,003$111,620
X-16 Total assetsStart of year $211,838$281,017
X-17 Accounts payable and accrued expensesStart of year $176$419
X-26 Total liabilitiesStart of year $176$419
X-27 Net assets without donor restrictionsStart of year $211,662$280,598
X-32 Total net assets or fund balancesStart of year $211,662$280,598
X-33 Total liabilities and net assetsStart of year $211,838$281,017
Part XI · Reconciliation of net assets $280,598 net assets at year end
XI-1 Total revenue$97,381
XI-2 Total expenses$27,270
XI-3 Revenue less expenses$70,111
XI-4 Net assets at start of year$211,662
XI-9 Other changes in net assets−$1,175
XI-10 Net assets at end of year$280,598

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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