philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Big Waves Foundation INC FY2024 filing

Tax-deductible

Broomfield, CO501(c)(3)Since 2018Recreation & SportsEIN 61-1913895Revenue $200K in FY2024

On file with the IRSbigwavesinc.org14622 Stellas Meadow Dr, 80023-8401 · Broomfield, COTax-exempt since Jul 2019Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

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.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 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
$2K
0.3% 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
$200K
+134% vs prior year
Spent
$99K
To programs
71%
Net assets
$589K
By yearFY2020–FY2025
Revenue
$200K
FY2024▲ +134%
Tap a bar for its year
Revenue by fiscal year
FY2020$97K
FY2021$166K
FY2022$138K
FY2023$86K
FY2024$200K
FY2025$111K
Expenses
$99K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$27K
FY2021$40K
FY2022$68K
FY2023$73K
FY2024$99K
FY2025$80K
Net assets
$589K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$281K
FY2021$406K
FY2022$476K
FY2023$489K
FY2024$589K
FY2025$621K

From the FY2024 Form 990 · see the original

Give Claim
You’re viewing the FY2024 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

71 cents of each dollar spent went to programs.

Program services 71% · $71K Management & general 8% · $8K Fundraising 21% · $21K

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

Something off? Claim to fix it

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Vaughn Bigelow
President/Tr
$0Pt VII · Sec A
Joseph Perotto
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Hoven
Director
$0Pt VII · Sec A
See Big Waves Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Big Waves Foundation INC

Tap to ask. Big Waves Foundation INC sees how many people are interested.

Your first name shows with your question. Big Waves Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $71K · in their own filed words · FY2024
01

This year big waves enters the holiday season with milestones to both celebrate and reflect upon. This december marks our 6TH year as an organization which we celebrate. The determination and perseverance of our board members and volunteers warms my heart in a way that cannot be explained.

$71Kprogram 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 · FY2023
Donor Advised Charitable Giving INCFY2023$6K
Amazonsmile FoundationFY2023$147
Total grants receivedfrom 2 funders$6K
Grants paid · 9 grants · $183K · 2020–2025
Unitemized GrantFY2025$35,000
Unitemized GrantFY2024$35,700
Colorado High School Water Polo AssociationCO · FY2024$20,000
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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$200K
Ln 12
Investment incomeLn 3$79K
Gifts and grantsLn 1h$67K
Other incomeLn 4–11$54K
Money outPt IX
$99K
Ln 25
Programscol B$71K
Managementcol C$8K
Fundraisingcol D$21K
Owns and owesPt X
$589K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$591K
LiabilitiesLn 26$2K
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$67K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$19K
Investment incomeLn 3$79K
Other incomeLn 4–11$54K
Gains on assetsLn 7$66K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$74K
InvestmentsLn 11–13$518K
Total assetsLn 16$591K
LiabilitiesLn 26$2K
Net assetsLn 32$589K
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 FY24End FY24
Cash and savingsLn 1–2$90K$74K
InvestmentsLn 11–13$399K$518K
Total assetsLn 16$489K$591K
LiabilitiesLn 26$637$2K
Net assetsLn 32$489K$589K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$28K$28K
Grants to domestic individualsLn 2$36K$36K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$2K$546$530$530
Office expensesLn 13$4K$2K$2K$779
Information technologyLn 14$348$278$35$35
InsuranceLn 23$885$885
Other expenses (24a–d)Ln 24$5K$4K$107
All other expensesLn 24e$218$43$175
Total functional expensesLn 25$99K$71K$8K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $111K$80K$31K$621K 990 PDF
FY2024 Viewing $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 $97K$27K$70K$281K 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $200,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,903$67,254
I-9 Program service revenue$0
I-10 Investment incomePrior year −$16,908$78,813
I-11 Other revenuePrior year $32,614$54,114
I-12 Total revenuePrior year $85,609$200,181
I-13 Grants and similar amounts paidPrior year $32,859$63,660
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,192$35,648
I-18 Total expensesPrior year $73,051$99,308
I-19 Revenue less expensesPrior year $12,558$100,873
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $200,181 across 8 lines filed
VIII-1c Fundraising events$19,127
VIII-1f All other contributions, gifts and grants$48,127
VIII-1g Noncash contributions (included above)$15,515
VIII-1h Total contributions, gifts and grants$67,254
VIII-3 Investment incomeExcluded from tax $12,498$12,498
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,315$66,315
VIII-8 Net income from fundraising eventsExcluded from tax $54,114$54,114
VIII-12 Total revenueExcluded from tax $132,927$200,181
Part IX · Statement of functional expenses $99,308 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $27,960$27,960
IX-2 Grants to domestic individualsPrograms $35,700$35,700
IX-11c Accounting feesManagement $2,478$2,478
IX-11f Investment management feesManagement $1,672$1,672
IX-11g Other fees for servicesFundraising $19,825$19,825
IX-12 Advertising and promotionPrograms $546 · Management $530 · Fundraising $530$1,606
IX-13 Office expensesPrograms $1,556 · Management $1,732 · Fundraising $779$4,067
IX-14 Information technologyPrograms $278 · Management $35 · Fundraising $35$348
IX-23 InsuranceManagement $885$885
IX-24 Other expenses (24a–d)Programs $4,442 · Management $107$4,549
IX-24e All other expensesPrograms $43 · Management $175$218
IX-25 Total functional expensesPrograms $70,525 · Management $7,614 · Fundraising $21,169$99,308
Part X · Balance sheet $591,137 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $44,205$69,001
X-2 Savings and temporary cash investmentsStart of year $45,794$4,631
X-11 Publicly traded securitiesStart of year $399,201$517,505
X-16 Total assetsStart of year $489,200$591,137
X-17 Accounts payable and accrued expensesStart of year $637$1,701
X-26 Total liabilitiesStart of year $637$1,701
X-27 Net assets without donor restrictionsStart of year $488,563$589,436
X-32 Total net assets or fund balancesStart of year $488,563$589,436
X-33 Total liabilities and net assetsStart of year $489,200$591,137
Part XI · Reconciliation of net assets $589,436 net assets at year end
XI-1 Total revenue$200,181
XI-2 Total expenses$99,308
XI-3 Revenue less expenses$100,873
XI-4 Net assets at start of year$488,563
XI-10 Net assets at end of year$589,436

Form 990 e-file (XML) FY2024 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.