Waves INC

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Assist individuals with developmental disabilities

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$146K 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $11K a year · 0.3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$146K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
0.7 mo
of spending, in cash
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $115K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$332K
28% of total assets
Liabilities are 28% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.2M
+42% vs prior year
Spent
$4.1M
To programs
76%
Net assets
$863K
By yearFY2020–FY2025
Revenue
$4.2M
FY2025▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$3.5M
FY2023$3.4M
FY2024$3.0M
FY2025$4.2M
Expenses
$4.1M
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.8M
FY2022$3.3M
FY2023$3.7M
FY2024$3.4M
FY2025$4.1M
Net assets
$863K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$691K
FY2021$1.1M
FY2022$1.4M
FY2023$1.1M
FY2024$789K
FY2025$863K

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1975.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $3.2M Management & general 22% · $916K Fundraising 1% · $58K

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

18 people listed on the 990; $146K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$78,199Pt VII · Sec A
$68,222Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Vicki Byars’s $78K as COO is at the 16th percentile of top reported officer pay among 3869 $1–10M human services 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lance Jordan—$101,746—$102,053$73,882
Lance Lance Jordan——$96,084——
Vicki Byars$78,199————
Staci Davis$68,222$57,457———
Karen Fite————$30,147

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 Waves INC executive salaries →

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 15aYes

Programs and updates

Helps people with developmental disabilities live fuller lives.

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2 programs · $3.2M · in their own filed words · FY2024
01

The Early Learning Program

This program provides developmental therapy to families and caregivers who have a child from birth to five years of age who have a developmental delay or a diagnosed condition that has a high probability of resulting in developmental delay.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$1.6Mprogram expense
02

Adult Services

Our day services provide activities and structured training programs that support the acquisition, retention, or improvement in communication, daily living skills, and social skills for adults with intellectual and developmental disabilities. Services in this program are facility AND/OR community-based.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$1.5Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$115K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$47K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.2M
Managementcol C$916K
Fundraisingcol D$58K
Owns and owesPt X
$863K
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$1.2M
LiabilitiesLn 26$332K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$186K
Fundraising eventsLn 1c$31K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$2K
Other incomeLn 4–11$47K
Gains on assetsLn 7−$14K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$239K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$240K
Pledges and grants receivableLn 3$115K
Accounts receivableLn 4$336K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$418K
Other assetsLn 15$82K
Total assetsLn 16$1.2M
LiabilitiesLn 26$332K
Net assetsLn 32$863K
OperationsPt I, VI
EmployeesI 572
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$186K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$34K$240K
Land, buildings, equipmentLn 10c$254K$418K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$355K$332K
Net assetsLn 32$789K$863K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$166K$140K$24K$3K
Other salaries and wagesLn 7$2.6M$2.2M$373K$46K
Pension plan contributionsLn 8$73K$33K$39K$268
Other employee benefitsLn 9$237K$115K$121K$1K
Payroll taxesLn 10$206K$172K$30K$4K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$143K$106K$36K$1K
Advertising and promotionLn 12$5K$2K$2K$487
Office expensesLn 13$64K$46K$17K$1K
Information technologyLn 14$49K$27K$22K$848
OccupancyLn 16$113K$71K$43K
TravelLn 17$139K$116K$23K
Depreciation, depletion and amortizationLn 22$79K$3K$76K
InsuranceLn 23$65K$23K$42K
Other expenses (24a–d)Ln 24$138K$105K$33K$41
Total functional expensesLn 25$4.1M$3.2M$916K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jan 21, 2026 $4.2M$4.1M$74K$863K 990 PDF
FY2024Filed with the IRS Apr 28, 2025 $3.0M$3.4M−$462K$789K 990 PDF
FY2023Filed with the IRS Dec 22, 2023 $3.4M$3.7M−$304K$1.1M 990 PDF
FY2022Filed with the IRS Jan 27, 2023 $3.5M$3.3M$253K$1.4M 990 PDF
FY2021Filed with the IRS Feb 7, 2022 $3.2M$2.8M$412K$1.1M 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $3.0M$3.1M−$41K$691K 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $4,208,529 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,345,549$2,317,671
I-9 Program service revenuePrior year $1,615,762$1,844,233
I-10 Investment incomePrior year $1,023−$12,171
I-11 Other revenuePrior year −$4,968$58,796
I-12 Total revenuePrior year $2,957,366$4,208,529
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 $2,799,760$3,302,636
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $619,307$832,162
I-18 Total expensesPrior year $3,419,067$4,134,798
I-19 Revenue less expensesPrior year −$461,701$73,731
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,208,529 across 12 lines filed
VIII-1a Federated campaigns$115,284
VIII-1c Fundraising events$30,915
VIII-1e Government grants$1,916,045
VIII-1f All other contributions, gifts and grants$255,427
VIII-1g Noncash contributions (included above)$186,193
VIII-1h Total contributions, gifts and grants$2,317,671
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,844,233$1,844,233
VIII-3 Investment incomeExcluded from tax $1,667$1,667
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,838−$13,838
VIII-8 Net income from fundraising eventsExcluded from tax $14,569$14,569
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,673 · Excluded from tax $40,554$44,227
VIII-12 Total revenueRelated to mission $1,847,906 · Unrelated business $0 · Excluded from tax $42,952$4,208,529
Part IX · Statement of functional expenses $4,134,798 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $139,643 · Management $23,641 · Fundraising $2,922$166,206
IX-7 Other salaries and wagesPrograms $2,201,967 · Management $372,791 · Fundraising $46,078$2,620,836
IX-8 Pension plan contributionsPrograms $33,444 · Management $39,380 · Fundraising $268$73,092
IX-9 Other employee benefitsPrograms $114,959 · Management $120,860 · Fundraising $1,108$236,927
IX-10 Payroll taxesPrograms $172,281 · Management $29,724 · Fundraising $3,570$205,575
IX-11c Accounting feesManagement $36,536$36,536
IX-11g Other fees for servicesPrograms $105,613 · Management $35,579 · Fundraising $1,471$142,663
IX-12 Advertising and promotionPrograms $1,874 · Management $2,414 · Fundraising $487$4,775
IX-13 Office expensesPrograms $46,204 · Management $16,602 · Fundraising $1,455$64,261
IX-14 Information technologyPrograms $26,827 · Management $21,602 · Fundraising $848$49,277
IX-16 OccupancyPrograms $70,724 · Management $42,593$113,317
IX-17 TravelPrograms $116,188 · Management $22,775$138,963
IX-22 Depreciation, depletion and amortizationPrograms $3,231 · Management $75,967$79,198
IX-23 InsurancePrograms $22,683 · Management $42,291$64,974
IX-24 Other expenses (24a–d)Programs $105,375 · Management $32,782 · Fundraising $41$138,198
IX-25 Total functional expensesPrograms $3,161,013 · Management $915,537 · Fundraising $58,248$4,134,798
Part X · Balance sheet $1,194,558 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $27,537$238,668
X-2 Savings and temporary cash investmentsStart of year $6,348$1,039
X-3 Pledges and grants receivableStart of year $115,000$115,000
X-4 Accounts receivableStart of year $560,665$335,851
X-9 Prepaid expenses and deferred chargesStart of year $19,955$3,803
X-10c Land, buildings and equipment, netStart of year $254,204$418,160
X-15 Other assetsStart of year $160,740$82,037
X-16 Total assetsStart of year $1,144,449$1,194,558
X-17 Accounts payable and accrued expensesStart of year $194,664$239,745
X-19 Deferred revenue$10,000
X-25 Other liabilitiesStart of year $160,541$81,838
X-26 Total liabilitiesStart of year $355,205$331,583
X-27 Net assets without donor restrictionsStart of year $674,244$747,975
X-28 Net assets with donor restrictionsStart of year $115,000$115,000
X-32 Total net assets or fund balancesStart of year $789,244$862,975
X-33 Total liabilities and net assetsStart of year $1,144,449$1,194,558
Part XI · Reconciliation of net assets $862,975 net assets at year end
XI-1 Total revenue$4,208,529
XI-2 Total expenses$4,134,798
XI-3 Revenue less expenses$73,731
XI-4 Net assets at start of year$789,244
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$862,975

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

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