Totals
- Total revenue
- $403,451
- Total expenses
- $505,473
- Contributions and grants received
- $293,944
- Grants paid
- $0
- Program service revenue
- $102,909
- Investment income
- $0
- Other revenue
- $6,598
- Total assets, end of year
- $562,392
- Total liabilities, end of year
- $378,131
- Net assets or fund balances, end of year
- $184,261
- Program services expenses (Part IX)
- $338,435
- Management and general expenses
- $134,534
- Fundraising expenses
- $32,504
- Program service expenses (Part III)
- $338,435
Program services were 67.0% 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.
-
1a · Federated campaigns
$55,000
-
1e · Government grants (contributions)
$132,033
-
1f · All other contributions, gifts and grants
$106,911
-
2a · Program service revenue: Program Fees
total $99,221 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Facility Rental
total $3,688 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$1,040
-
8c · Net income from fundraising events
total -$1,040 · unrelated business $0 · excluded -$1,040
-
10a · Gross sales of inventory
$8,430
-
10b · Cost of goods sold
$792
-
10c · Net income from sales of inventory
total $7,638 · related or exempt $7,638
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $67,309 · program services $40,385 · management and general $13,462 · fundraising $13,462
-
7 · Other salaries and wages
total $165,366 · program services $94,108 · management and general $58,744 · fundraising $12,514
-
11c · Fees: accounting
total $8,927 · program services $0 · management and general $8,927 · fundraising $0
-
11g · Fees: other
total $37,201 · program services $11,444 · management and general $25,681 · fundraising $76
-
13 · Office expenses
total $9,427 · program services $1,293 · management and general $7,884 · fundraising $250
-
14 · Information technology
total $641 · program services $0 · management and general $641 · fundraising $0
-
16 · Occupancy
total $40,131 · program services $23,197 · management and general $12,454 · fundraising $4,480
-
17 · Travel
total $1,687 · program services $975 · management and general $524 · fundraising $188
-
22 · Depreciation, depletion and amortization
total $7,949 · program services $4,595 · management and general $2,467 · fundraising $887
-
23 · Insurance
total $5,792 · program services $3,348 · management and general $1,797 · fundraising $647
-
24a · Other expenses: Artist and partners support
total $154,122 · program services $154,122 · management and general $0 · fundraising $0
-
24b · Other expenses: Exhibition cost
total $0 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Other program costs
total $11,761 · program services $11,761 · management and general $0 · fundraising $0
-
24d · Other expenses: Fiscally sponsored project costs
total -$6,793 · program services -$6,793 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,953 · program services $0 · management and general $1,953 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,984 · end of year $387,597
-
3 · Pledges and grants receivable
beginning of year $142,095 · end of year $53,980
-
8 · Inventories for sale or use
beginning of year $11,480 · end of year $10,791
-
9 · Prepaid expenses and deferred charges
beginning of year $3,852 · end of year $4,100
-
10a · Land, buildings and equipment: cost or other basis
$97,692
-
10b · Land, buildings and equipment: accumulated depreciation
$38,789
-
10c · Land, buildings and equipment, net
beginning of year $66,847 · end of year $58,903
-
11 · Investments: publicly traded securities
beginning of year $63,485 · end of year $47,021
-
17 · Accounts payable and accrued expenses
beginning of year $20,040 · end of year $25,721
-
25 · Other liabilities
beginning of year $0 · end of year $352,410
-
27 · Net assets without donor restrictions
beginning of year $202,020 · end of year $184,261
-
28 · Net assets with donor restrictions
beginning of year $94,683
Mission and programs · 2023
Mission
Wave Pool Contemporary Art Centers purpose is to exhibit, educate, and support artists and help provide services to the community by guest artists, programs, and other events.
-
We inititate and support artist driven creative placemaking projects and exhibiting work that stretches beyond our gallery walls through interactive projects that proactively help our neighbors. We work with partner organizations to tackle tough problems through asset based development and center artist-driven solutions. These projects include more traditional gallery exhibitions as well as projects taking place in public space and with other partner organizations.
Expenses $182,165 · Revenue $83,750
-
Welcome project - The Welcome Project is a social enterprise that combines a small market, food pantry and teaching kitchen with a boutique and makers space to train our newest neighbors in store management and art skills while bringing new life to the business district of Camp Washington, Cincinnati. Welcomes mission is to empower marginalized and at risk refugees and immigrants by providing jobs, education and skills training, in order to provide them with a better life and foster greater understanding and compassion in our city. We are working with refugees and immigrant artists and home chefs to mentor them toward achieving their business goals.
Expenses $149,456 · Revenue $10,328
-
Studio and woodshop space rental - Wave Pool has always been a space not just for art viewing, but for making, artistic development, and community building. A large part of our space is dedicated for below- market-rate artist studio rentals as well as a community woodshop and ceramics studio. By renting a studio, artists are instantly connected to a community of artists and artistic programming that happens at Wave Pool and are often participants in our artistic critique nights as well as are the first community members we call upon to hire when we need something built or designed. Wave Pools wood shop regular community hours where anyone is welcome to learn how to use a tool, take a class, or build a personal project. We also have resources and space for weekly open community ceramics classes. We have scholarships available for folks that cannot normally afford to take these classes, and also now have a tool library available for neighborhood residents to borrow tools to use at home for projects.
Expenses $6,814 · Revenue $17,096
As filed on the 2023 return.
Listed in Part VII
-
Carrington Broeman
Interim Executive Director
- Total calculated
- $71,738
- From this org
- $71,738
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jenna Shaifer
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Lee Bower
Vice Chair and Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey Cullen
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Sara Vance Waddell
Member
- Total calculated
- $0
- Hours/week
- 1
-
Diane Fishbein
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Mann
Member
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522239349300807
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