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Wave College Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Undergraduate College (4-year) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$200k (2023)

Expenses
$243k (2023)

Total Assets
$104k (2023)

Total Liabilities
$33.2k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$200,380
Expenses
$242,656
Net Income
-$42,276
Net Assets
$70,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,869
49.8%
Program Services $100,511
50.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $135,058
55.7%
Assets/Debt
Total Assets $103,799
Total Liabilities $33,155
Net Assets $70,644
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Joshua Kicker (Officer/Dire) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$878,283
Expenses
$946,458
Net Income
-$68,175
Net Assets
$100,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $597,571
68.0%
Program Services $208,979
23.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $71,733
8.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $70,917
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $478,451
50.6%
Assets/Debt
Total Assets $153,574
Total Liabilities $53,412
Net Assets $100,162
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sarah Hummel (Ceo) $70,917 $0 $0
Devon Chandler (Director) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
Kevin Green (Director) $0 $0 $0
Derek Holser (Vice Chairma) $0 $0 $0
Steve Kelly (President) $0 $0 $0
Robert Slowik (Secretary) $0 $0 $0
Nicola Smith (Director) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0
Joshua Kicker (Officer) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$831,964
Expenses
$801,078
Net Income
$30,886
Net Assets
$170,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $515,657
62.0%
Program Services $307,337
36.9%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,963
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $71,208
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $355,338
44.4%
Assets/Debt
Total Assets $245,611
Total Liabilities $75,271
Net Assets $170,340
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sarah Hummel (Ceo) $71,208 $0 $0
Devon Chandler (Director) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
Kevin Green (Director) $0 $0 $0
Derek Holser (Vice Chairma) $0 $0 $0
Steve Kelly (President) $0 $0 $0
Robert Slowik (Secretary) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$777,551
Expenses
$754,276
Net Income
$23,275
Net Assets
$139,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $387,976
49.9%
Program Services $390,432
50.2%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,614
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $752
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $53,000
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $318,162
42.2%
Assets/Debt
Total Assets $241,229
Total Liabilities $101,774
Net Assets $139,455
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sarah Hummel (Ceo) $53,000 $0 $0
Devon Chandler (Director) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
Kevin Green (Director) $0 $0 $0
Derek Holser (Vice Chairma) $0 $0 $0
Mark Hopkins (Treasurer) $0 $0 $0
Steve Kelly (President) $0 $0 $0
Robert Slowik (Secretary) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$541,077
Expenses
$550,006
Net Income
-$8,929
Net Assets
$116,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,071
46.6%
Program Services $272,750
50.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $16,256
3.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $260,553
47.4%
Assets/Debt
Total Assets $167,417
Total Liabilities $51,237
Net Assets $116,180
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Reverend Steve Kelly (President) $0 $0 $0
Reverend Mark Edwards (Chairman) $0 $0 $0
Robert Slowik (Secretary) $0 $0 $0
Reverend Mark Hopkins (Treasurer) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0
Devon Chandler (Director) $0 $0 $0
Reverend Kevin Green (Director) $0 $0 $0
Jason Swango (Director) $0 $0 $0
Sarah L Hummel (Executive Vi) $0 $0 $0

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$564,109
Expenses
$573,240
Net Income
-$9,131
Net Assets
$125,109
Notable Sources of Revenue Percent of Total Revenue
Contributions $164,559
29.2%
Program Services $390,613
69.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,937
1.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,792
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $200,925
35.1%
Assets/Debt
Total Assets $160,148
Total Liabilities $35,039
Net Assets $125,109
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Derek Holser (Executive Vi) $50,792 $0 $0
Reverend Mark Edwards (Chairman) $0 $0 $0
Reverend Steve Kelly (President) $0 $0 $0
Robert Slowik (Secretary) $0 $0 $0
Reverend Mark Hopkins (Treasurer) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0
Reverend Bert Wimberly (Director) $0 $0 $0
Reverend Kevin Green (Director) $0 $0 $0
Reverend Gayle Techanchuk (Director) $0 $0 $0

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Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$517,596
Expenses
$513,325
Net Income
$4,271
Net Assets
$134,240
Notable Sources of Revenue Percent of Total Revenue
Contributions $183,316
35.4%
Program Services $326,417
63.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $7,863
1.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,625
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $198,269
38.6%
Assets/Debt
Total Assets $188,898
Total Liabilities $54,658
Net Assets $134,240
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Derek Holser (Executive Vi) $46,125 $0 $0
Pastor Steve Kelly (President) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
James Shupert (Secretary) $0 $0 $0
Gayle Techanchuk (Director) $0 $0 $0
Bert Wimberley (Director) $0 $0 $0
Jurgen Matthesius (Director) $0 $0 $0
Mark Hopkins (Treasurer) $0 $0 $0
Kevin Green (Director) $0 $0 $0
Jeff Tourault (Director) $0 $0 $0

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,531
Expenses
$384,157
Net Income
$57,374
Net Assets
$129,969
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,665
19.9%
Program Services $354,135
80.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$269
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,000
11.7%
Professional Fundraising Fees $0
Other Salaries and Wages $125,814
32.8%
Assets/Debt
Total Assets $209,054
Total Liabilities $79,085
Net Assets $129,969
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Derek Holser (Executive Vi) $45,000 $0 $0
Pastor Steve Kelly (President) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
John Osteen (Treasurer) $0 $0 $0
James Shupert (Director) $0 $0 $0
Gayle Techanchuk (Director) $0 $0 $0
Bert Wimberley (Director) $0 $0 $0
Jurgen Matthesius (Director) $0 $0 $0
Mark Hopkins (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$274,241
Expenses
$286,198
Net Income
-$11,957
Net Assets
$59,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,500
36.6%
Program Services $168,087
61.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $5,654
2.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,000
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $90,254
31.5%
Assets/Debt
Total Assets $101,240
Total Liabilities $42,050
Net Assets $59,190
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Derek Holser (Executive Vi) $45,000 $0 $0
Pastor Steve Kelly (President) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
John Osteen (Treasurer) $0 $0 $0
James Shupert (Director) $0 $0 $0
Gayle Techanchuk (Director) $0 $0 $0
Bert Wimberley (Director) $0 $0 $0
Jurgen Matthesius (Director) $0 $0 $0
Mark Hopkins (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,095
Expenses
$255,020
Net Income
-$9,925
Net Assets
$71,147
Notable Sources of Revenue Percent of Total Revenue
Contributions $93,798
38.3%
Program Services $141,010
57.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,158
3.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,129
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,083
Total Liabilities $11,936
Net Assets $71,147
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Derek Holser (Executive Di) $15,363 $0 $0
Pastor Steve Kelly (President) $0 $0 $0
Mark Edwards (Chairman) $0 $0 $0
John Osteen (Treasurer) $0 $0 $0
James Shupert (Secretary) $0 $0 $0
Gayle Techanchuk (Director) $0 $0 $0
Bert Wimberley (Director) $0 $0 $0
Jurgen Matthesius (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,873
Expenses
$263,910
Net Income
$109,963
Net Assets
$81,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $229,012
61.3%
Program Services $137,944
36.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $6,917
1.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $224,599
Total Liabilities $143,527
Net Assets $81,072

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,209
Expenses
$267,458
Net Income
-$3,249
Net Assets
-$28,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,415
37.2%
Program Services $165,794
62.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,782
Total Liabilities $104,673
Net Assets -$28,891

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$92,070
Expenses
$117,712
Net Income
-$25,642
Net Assets
-$25,642
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,456
46.1%
Program Services $49,614
53.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $78,317
Total Liabilities $103,959
Net Assets -$25,642

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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