Waves INC FY2022 filing

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Assist individuals with developmental disabilities

Form 990 Part I, line 1, FY2022. 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.
$102K 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

FY2022 · 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
$102K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
2.9 mo
of spending, in cash
2.9 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
$115K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.5M
+12% vs prior year
Spent
$3.3M
To programs
76%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$3.5M
FY2022▲ +12%
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
$3.3M
FY2022▲ +19%
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
$1.4M
FY2022▲ +23%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 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% · $2.5M Management & general 21% · $702K Fundraising 2% · $80K

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

14 people listed on the 990; $102K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$102,053Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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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3 programs · $2.4M · in their own filed words · FY2021
01

Adult Residential Services

Waves operates eight homes with live-in or 24/7 support staff. These homes provide residential support for 22 individuals. We also offer a semi-independent living option. This program is designed for individuals who have higher functionality and need less assistance in daily tasks. We currently support four individuals in that program.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$2.0Mprogram expense
02

Early Learning Program

This program provides services to young children who are experiencing developmental delays or have a diagnosed condition that has a high probability of resulting in developmental delay. Early interventionists deliver services where the child lives, learns, and plays in order to increase the likelihood of consistent practice with the…

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$266Kprogram expense
03

Adult Day Services

Our adult day services provide activities that support the acquisition, retention, or improvement in communication, daily living skills, and social skills to adults with intellectual disabilities. Intended outcomes include increased competency in daily living skills and to connect these individuals with their community.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$190Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$527K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.5M
Managementcol C$702K
Fundraisingcol D$80K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$788K
Total assetsLn 16$1.5M
LiabilitiesLn 26$115K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$527K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$761K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$788K
Pledges and grants receivableLn 3$97K
Accounts receivableLn 4$335K
Prepaid expenses and deferred chargesLn 9$18K
Land, buildings, equipmentLn 10c$254K
Total assetsLn 16$1.5M
LiabilitiesLn 26$115K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 572
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$895K$788K
Land, buildings, equipmentLn 10c$205K$254K
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$198K$115K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$108K$90K$16K$2K
Other salaries and wagesLn 7$2.0M$1.8M$150K$39K
Other employee benefitsLn 9$135K$16K$119K$502
Payroll taxesLn 10$221K$206K$12K$3K
Other fees for servicesLn 11g$124K$25K$88K$12K
Advertising and promotionLn 12$4K$2K$98$2K
Office expensesLn 13$40K$12K$24K$4K
Information technologyLn 14$92K$15K$69K$9K
OccupancyLn 16$125K$89K$37K
TravelLn 17$18K$17K$643$100
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$199K$45K$154K
Other expenses (24a–d)Ln 24$144K$109K$33K$2K
All other expensesLn 24e$16K$9K$731$6K
Total functional expensesLn 25$3.3M$2.5M$702K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2022 ViewingFiled 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 O · Explanations
See the full FY2022 990
Part I · Summary $3,544,655 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $751,693$1,605,530
I-9 Program service revenuePrior year $1,871,920$1,412,291
I-10 Investment incomePrior year −$26,375$0
I-11 Other revenuePrior year $578,738$526,834
I-12 Total revenuePrior year $3,175,976$3,544,655
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,229,085$2,494,627
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $534,436$796,868
I-18 Total expensesPrior year $2,763,521$3,291,495
I-19 Revenue less expensesPrior year $412,455$253,160
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $3,544,655 across 7 lines filed
VIII-1e Government grants$1,223,036
VIII-1f All other contributions, gifts and grants$382,494
VIII-1h Total contributions, gifts and grants$1,605,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,412,291$1,412,291
VIII-8 Net income from fundraising events$22,565
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $504,269$504,269
VIII-12 Total revenueRelated to mission $1,916,560$3,544,655
Part IX · Statement of functional expenses $3,291,495 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $89,852 · Management $16,238 · Fundraising $2,165$108,255
IX-7 Other salaries and wagesPrograms $1,841,011 · Management $149,819 · Fundraising $39,097$2,029,927
IX-9 Other employee benefitsPrograms $15,576 · Management $119,040 · Fundraising $502$135,118
IX-10 Payroll taxesPrograms $206,188 · Management $12,110 · Fundraising $3,029$221,327
IX-11g Other fees for servicesPrograms $24,820 · Management $87,738 · Fundraising $11,652$124,210
IX-12 Advertising and promotionPrograms $1,571 · Management $98 · Fundraising $2,015$3,684
IX-13 Office expensesPrograms $12,292 · Management $23,769 · Fundraising $4,066$40,127
IX-14 Information technologyPrograms $14,725 · Management $68,662 · Fundraising $8,790$92,177
IX-16 OccupancyPrograms $88,512 · Management $36,550$125,062
IX-17 TravelPrograms $16,998 · Management $643 · Fundraising $100$17,741
IX-22 Depreciation, depletion and amortizationPrograms $34,767$34,767
IX-23 InsurancePrograms $44,863 · Management $154,007$198,870
IX-24 Other expenses (24a–d)Programs $109,499 · Management $32,806 · Fundraising $1,900$144,205
IX-24e All other expensesPrograms $9,098 · Management $731 · Fundraising $6,196$16,025
IX-25 Total functional expensesPrograms $2,509,772 · Management $702,211 · Fundraising $79,512$3,291,495
Part X · Balance sheet $1,492,273 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $867,974$761,398
X-2 Savings and temporary cash investmentsStart of year $26,705$26,635
X-3 Pledges and grants receivableStart of year $97,089$97,268
X-4 Accounts receivableStart of year $93,029$335,074
X-9 Prepaid expenses and deferred chargesStart of year $31,941$18,144
X-10c Land, buildings and equipment, netStart of year $205,256$253,754
X-16 Total assetsStart of year $1,321,994$1,492,273
X-17 Accounts payable and accrued expensesStart of year $189,383$115,312
X-26 Total liabilitiesStart of year $198,193$115,312
X-27 Net assets without donor restrictionsStart of year $1,026,712$1,279,693
X-28 Net assets with donor restrictionsStart of year $97,089$97,268
X-32 Total net assets or fund balancesStart of year $1,123,801$1,376,961
X-33 Total liabilities and net assetsStart of year $1,321,994$1,492,273
Part XI · Reconciliation of net assets $1,376,961 net assets at year end
XI-1 Total revenue$3,544,655
XI-2 Total expenses$3,291,495
XI-3 Revenue less expenses$253,160
XI-4 Net assets at start of year$1,123,801
XI-10 Net assets at end of year$1,376,961

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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