The Wave Foundation
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Strengthens community health, local economies, and environmental sustainability. For fiscal year 2024 it reported $776K in revenue, $853K in expenses, and $178K in net assets.Pt I
Summary of the Filing
Where the work happens
Food and Nutrition Relief
As part of our ongoing food and nutrition relief program, initiated during the COVID-19 pandemic, the wave foundation distributed over 2,000,000 meal equivalents to communities facing hunger in 2024. This program was funded by the state of washington department of agriculture (aka "we feed wa").
Healthy and Sustainable Food
The wave foundation made significant strides in advancing the wave marketplace initiative, which supports the inclusion of tribal, bipoc, women, and rural food producers in the food and beverage industry.
Community Food Systems and Zero Waste
The wave foundation launched a strategic collaboration in portland, oregon, to advance a "zero-waste vision" for providence park, the moda center, and other large public venues. This program plays a crucial role in reducing food waste and re-establishing composting operations in the northwest.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Kelley Martin’s $48K as Director is at the 29th percentile of top reported officer pay among 1982 $100K–1M environment 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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 97% | — | — |
| Overhead ratio | 3% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -46% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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