Waves INC FY2023 filing

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Assist individuals with developmental disabilities

Form 990 Part I, line 1, FY2023. 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.
65¢ of each $1 spent went to programs.
$192K 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

FY2023 · 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
65%
of spending
65% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$192K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
1.9 mo
of spending, in cash
1.9 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
$360K
25% of total assets
Liabilities are 25% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.4M
-3% vs prior year
Spent
$3.7M
To programs
65%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$3.4M
FY2023▼ -3%
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
$3.7M
FY2023▲ +13%
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
$1.1M
FY2023▼ -22%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

65 cents of each dollar spent went to programs.

Program services 65% · $2.4M Management & general 31% · $1.2M Fundraising 3% · $129K

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

26 people listed on the 990; $192K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$96,084Pt VII · Sec A
Executive Director
$96,084Pt VII · Sec A
Honorary Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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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4 programs · $4.6M · in their own filed words · FY2022
01

Adult Residential Services

Waves currently operates four homes within williamson county with 24/7 staff support. These homes provide residential support for 13 individuals. We also offer a semi-independent living option. This program is designed for individuals who have higher levels of independence and need less assistance with daily tasks.

Form 990 Part III, line 4, FY2022. 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 Residential Services

Waves currently operates four homes within williamson county with 24/7 staff support. These homes provide residential support for 13 individuals. We also offer a semi-independent living option. This program is designed for individuals who have higher levels of independence and need less assistance with daily tasks.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$1.5Mprogram expense
03

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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$764Kprogram expense
04

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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0920595) · Dispute this line
$764Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$95K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.4M
Managementcol C$1.2M
Fundraisingcol D$129K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$605K
Total assetsLn 16$1.4M
LiabilitiesLn 26$360K
PeoplePt VI, VII
26
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$95K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$605K
Total assetsLn 16$1.4M
LiabilitiesLn 26$360K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 572
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

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
FY2023 ViewingFiled 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 O · Explanations
See the full FY2023 990
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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