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Nonprofiteer
← BIG WAVE GROUP

Form 990 for tax year 2022

Filed by BIG WAVE GROUP.

Totals

Total revenue
$287,556
Total expenses
$343,237
Contributions and grants received
$509,567
Grants paid
$0
Program service revenue
$0
Investment income
-$240,654
Other revenue
$18,643
Total assets, end of year
$7,463,747
Total liabilities, end of year
$3,483,671
Net assets or fund balances, end of year
$3,980,076
Program services expenses (Part IX)
$265,761
Management and general expenses
$44,810
Fundraising expenses
$32,666
Program service expenses (Part III)
$265,761

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $509,567

  • 7a · Gross sales of assets other than inventory

    other assets $2,229,346

  • 7b · Less cost or other basis and sales expenses

    other assets $2,470,000

  • 7c · Gain or loss

    other assets -$240,654

  • 7d · Net gain or loss

    total -$240,654 · excluded -$240,654

  • 10a · Gross sales of inventory

    $36,461

  • 10b · Cost of goods sold

    $17,971

  • 10c · Net income from sales of inventory

    total $18,490 · related or exempt $18,490

  • 11d · All other revenue

    total $153 · related or exempt $153

  • 11e · Other revenue, total

    $153

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $22,556 · management and general $22,556

  • 11c · Fees: accounting

    total $11,886 · management and general $11,886

  • 11g · Fees: other

    total $41,415 · program services $35,350 · management and general $6,065

  • 12 · Advertising and promotion

    total $41,619 · program services $10,560 · fundraising $31,059

  • 13 · Office expenses

    total $7,178 · program services $5,841 · management and general $1,254 · fundraising $83

  • 14 · Information technology

    total $75 · program services $63 · management and general $8 · fundraising $4

  • 16 · Occupancy

    total $19,999 · program services $17,022 · management and general $1,985 · fundraising $992

  • 19 · Conferences, conventions and meetings

    total $192 · program services $192

  • 20 · Interest

    total $157,669 · program services $157,669

  • 22 · Depreciation, depletion and amortization

    total $4,478 · program services $4,478

  • 23 · Insurance

    total $4,110 · program services $3,493 · management and general $411 · fundraising $206

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $12,850 · program services $12,850

  • 24b · Other expenses: CONTRACTED FARM LABOR

    total $12,758 · program services $12,758

  • 24e · All other expenses

    total $6,452 · program services $5,485 · management and general $645 · fundraising $322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $323,106 · end of year $414,530

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,334,302

  • 3 · Pledges and grants receivable

    beginning of year $11,847 · end of year $26,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,231 · end of year $11,879

  • 10a · Land, buildings and equipment: cost or other basis

    $4,847,216

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,478

  • 10c · Land, buildings and equipment, net

    beginning of year $5,154,506 · end of year $4,842,738

  • 11 · Investments: publicly traded securities

    beginning of year $4,516 · end of year $3,549

  • 13 · Investments: program-related

    beginning of year $360,000 · end of year $360,000

  • 15 · Other assets

    beginning of year $0 · end of year $469,799

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,033 · end of year $6,302

  • 24 · Unsecured notes and loans payable

    beginning of year $35,741 · end of year $3,477,369

  • 25 · Other liabilities

    beginning of year $1,763,709 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,554,876 · end of year $2,618,824

  • 28 · Net assets with donor restrictions

    beginning of year $2,481,847 · end of year $1,361,252

Mission and programs · 2022

Mission

THE BIG WAVE PROJECT IS DEDICATED TO CREATING AN INCLUSIVE AND INTERACTIVE COMMUNITY OF PEOPLE AND BUSINESSES TO PROVIDE A PURPOSEFUL AND INDEPENDENT LIFE FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES THROUGH AFFORDABLE HOUSING, MEANINGFUL EMPLOYMENT, AND A SUPPORTIVE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL, VOCATIONAL, AND AFFORDABLE HOUSING OPPORTUNITIES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

  • FARM AND GARDEN - A PROGRAM TO TEACH VOCATIONAL SKILLS AND THE IMPORTANCE OF GOOD NUTRITION TO ADULTS WITH DEVELOPMENTAL DISABILITIES. THE PROGRAM IS RUN PRIMARILY BY VOLUNTEERS - BOTH NONDEVELOPMENTALLY DISABLED VOLUNTEERS AND ADULTS WITH DEVELOPMENTAL DISABILITIES. BIG WAVE GROUP SELLS EGGS IT HARVESTS AND PRODUCE IT GROWS AS WELL AS FLORAL ARRANGEMENTS PREPARED BY VOLUNTEERS.

    Expenses $51,700

  • PROPERTY DEVELOPMENT INITIATIVE - A PROJECT INVOLVING THE CONSTRUCTION AND FUTURE OPERATION OF RESIDENTIAL HOUSING AND A COMMUNITY CENTER FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.

    Expenses $214,061

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Peck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Stephen St Marie

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    12

  • Kim Gainza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mary Berzin

    SECRETARY

    Total calculated
    $0
    Hours/week
    12

  • Scott Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Bill Carlson

    TREASURER

    Total calculated
    $0
    Hours/week
    12

  • Leslie Nordin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dayton Nordin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jeanne Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BIG WAVE COMMUNITY COOPERATIVE INC

    C · COOPERATIVE HOUSING · CA · 80% owned · share of income -$52,343 · share of assets $3,624,765

    Directly controlled by BIG WAVE GROUP

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202331259349302613

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