Form 990 for tax year 2024

Totals

Total revenue

$775,516

Total expenses

$852,734

Contributions and grants received

$774,994

Grants paid

$558,593

Program service revenue

$0

Investment income

$522

Other revenue

$0

Total assets, end of year

$178,038

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$178,038

Program services expenses (Part IX)

$828,855

Management and general expenses

$23,879

Fundraising expenses

$0

Program service expenses (Part III)

$828,855

Program services were 97.2% 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.

Mission and programs · 2024

• 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. THIS INITIATIVE PROMOTES FOOD SOVEREIGNTY, EQUITY, AND JUSTICE, ENSURING THAT HISTORICALLY UNDERSERVED FISHERS, FARMERS, AND RANCHERS CAN PARTICIPATE IN THE MARKET. IN 2024, THE INITIATIVE MOVED FROM DEVELOPMENT TO IMPLEMENTATION, INCREASING THE VISIBILITY AND MARKET PRESENCE OF THESE PRODUCERS. THE WAVE FOUNDATION STRENGTHENED ITS PARTNERSHIP WITH COMPASS GROUP USA, NORTH AMERICA'S LARGEST CORPORATE FOOD SERVICE ORGANIZATION, TO FURTHER THE MARKETPLACE'S REACH. (SEE CONTINUATION ON SCHEDULE O). ADDITIONALLY, THE WAVE FOUNDATION SUPPORTED THE CREATION OF THE WAVE MARKETPLACE, LLCA TRIBAL-OWNED PRIVATE SECTOR ENTITYTO FACILITATE THE SALE OF THESE PRODUCTS IN THE FOOD SERVICE INDUSTRY. THE FOUNDATION ALSO SUPPORTED THE UNIVERSITY OF IDAHO'S CLIMATE-SMART COMMODITIES GRANT WITH THE USDA IN 2024.

  Expenses $190,636 · Grants $161,158

• 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. WITH SUPPORT FROM THE USDA, THE WAVE FOUNDATION SECURED A GRANT TO PILOT THIS PROJECT, INTEGRATING THE WAVE MARKETPLACE INTO ITS OPERATIONS. IN APRIL 2024, AN EDUCATIONAL WORKSHOP WAS HELD IN PORTLAND TO RAISE AWARENESS ABOUT THE INITIATIVE. (SEE CONTINUATION ON SCHEDULE O). THE FOUNDATION ALSO PARTNERED WITH THE GLOBAL ALLIANCE OF LATINOS IN AGRICULTURE TO EXPAND THESE PROGRAMS TO THE EAST COAST, FOCUSING ON BALTIMORE AND COMPASS PROPERTIES. WE HAVE APPLIED FOR SEVERAL GRANTS (INCLUDING FROM THE USDA AND EPA) TO SUPPORT THIS PROJECT'S GROWTH.DURING 2024, THE WAVE FOUNDATION INITIATED ENGAGEMENTS WITH SEVERAL ALIGNED PARTNERS IN OREGON (OREGON COAST VISITORS ASSOCIATION, OREGON STATE UNIVERSITY, ECO-TRUST, AND OTHER RELATED NON-PROFITS) TO ADVANCE A 100% FISH INITIATIVE. THIS INITIATIVE WOULD REDUCE THE AMOUNT OF WASTE IN THE SEAFOOD PRODUCTION INDUSTRIES OF OREGON, INCREASING ECONOMIC PROSPERITY FOR FISHING COMMUNITIES WHILE REDUCING ENVIRONMENTAL IMPACTS.

  Expenses $165,771

• 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"). IN RESPONSE TO THE DEVASTATING FIRES IN LOS ANGELES, THE FOUNDATION PROVIDED FOOD AND CRISIS RELIEF TO IMPACTED COMMUNITIES. IN COLLABORATION WITH CONGRESSIONAL LEADERS, THE WAVE FOUNDATION CONTINUED ADVOCATING FOR REFORMS TO NATIONAL FOOD RELIEF PROGRAMS, DRAWING FROM OUR SUCCESSFUL REGIONAL MODEL THAT EMPHASIZES HEALTHY, SUSTAINABLE, AND CULTURALLY RELEVANT FOODS. (SEE CONTINUATION ON SCHEDULE O).DURING 2024, THE WAVE FOUNDATION INITIATED DISCUSSIONS WITH THE STATE OF OREGON, INQUIRING ABOUT THE POTENTIAL FOR A PILOT PROGRAM, LIKE THE WE FEED WA PROGRAM, FOR COMMUNITIES FACING HUNGER IN OREGON.

  Expenses $414,428 · Grants $397,435

• CLEAN ENERGY AND TRANSPORTATION: IN PARTNERSHIP WITH CLIMATE SOLUTIONS, CLEAN AND PROSPEROUS WA, BUILD BACK BLACK ALLIANCE, AND OREGON BUSINESSES FOR CLIMATE, THE WAVE FOUNDATION CONTINUED THE BREAKING BARRIERS COLLABORATIVE, WHICH SUPPORTS BUSINESSES IN TRANSITIONING TO 100% ELECTRIFICATION OF REGIONAL BUILDINGS AND TRANSPORTATION INFRASTRUCTURE. IN 2024, THE COLLABORATION HOSTED SEVERAL ACCELERATOR PROGRAMS, HELPING 25-30 ORGANIZATIONS ACROSS WASHINGTON AND OREGONINCLUDING BIPOC-OWNED BUSINESSESRECEIVE TECHNICAL ASSISTANCE FOR ELECTRIFYING THEIR FLEETS. THIS INITIATIVE NOW INCLUDES PUBLIC AGENCIES AT THE STATE AND LOCAL LEVELS.

  Expenses $24,866

• ENVIRONMENTAL EQUITY AND JUSTICE: THE WAVE FOUNDATION CONTINUED WORKING WITH TRIBAL AND BIPOC COMMUNITIES TO ADVANCE EQUITY AND JUSTICE GOALS WITHIN OUR CORE PROGRAMS. OUR EFFORTS TO REFORM REGIONAL FOOD SYSTEMS PRIORITIZE INCREASING ACCESS FOR TRIBAL, BIPOC, WOMEN, AND OTHER UNDERREPRESENTED FOOD PRODUCERS TO THE LARGER, MORE ECONOMICALLY VIABLE FOOD AND BEVERAGE INDUSTRY. OUR CLEAN ENERGY AND TRANSPORTATION INITIATIVES DIRECTLY BENEFIT COMMUNITIES OF COLOR, WHICH ARE OFTEN DISPROPORTIONATELY AFFECTED BY CLIMATE-RELATED POLLUTION.

  Expenses $8,289

• YOUTH ENGAGEMENT: IN PARTNERSHIP WITH MUSCO, THE BUREAU OF INDIAN AFFAIRS, YAKAMA NATION, AND THE US SOCCER FOUNDATION, THE WAVE FOUNDATION FURTHER DEVELOPED A PROGRAM TO BUILD MINI-SPORTS COURTS IN NORTHWEST NATIVE COMMUNITIES. THESE COURTS PROVIDE TRIBAL YOUTH WITH ACCESS TO SPORTS AND PROMOTE HEALTHIER LIFESTYLES. IN 2022, THE PROJECT PARTNERS IDENTIFIED CELILO VILLAGE INDIAN COMMUNITY AS THE SITE FOR THE FIRST COURT, AND BY 2024, THE PROJECT WAS SUCCESSFULLY COMPLETED WITH FUNDING FROM THE FORD FAMILY FOUNDATION, ROUNDHOUSE FOUNDATION, AND OTHERS. THE WAVE FOUNDATION IS CONTINUING TO SECURE ADDITIONAL FUNDING AND IDENTIFY NEW PROJECT SITES TO EXPAND THIS INITIATIVE.

  Expenses $24,865

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

• JUSTIN ZEULNER

  PRESIDENT

  Total calculated

  $0

  Hours/week

  40

• CARMEN DOUGLASS

  SECRETARY

  Total calculated

  $0

  Hours/week

  5

• KELLEY MARTIN

  TREASURER

  Total calculated

  $0

  Hours/week

  5

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

2024

Filed

7 March 2025

IRS schema version

2024v5.0

Source object

202530669349301808

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