New Wave Swim Team

Raleigh, NC
Tax-exempt since April 1986
EIN: 56-1469322

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$1.24M (2023)

Expenses

$1.13M (2023)

Total Assets

$563k (2023)

Total Liabilities

$130k (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 Aug.
2023

Revenue

$1,238,499

Expenses

$1,132,872

Net Income

$105,627

Net Assets

$433,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,128,319	91.1%
Investment Income	$5	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$110,175	8.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$215,800	19.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$260,069	23.0%

Assets/Debt
Total Assets	$562,883
Total Liabilities	$129,603
Net Assets	$433,280

Compensation

Key Employees and Officers	Compensation	Related	Other
John Roy (President/Ceo)	$70,200	$0	$2,106
Zachary Murray (Treasurer)	$48,000	$0	$1,440
Macon Crowder (Current Secretary)	$44,400	$0	$1,320
Bradford Hancock (Former Secretary)	$28,000	$0	$840
Jonathan Bescher (Vice President)	$25,200	$0	$756
Jason Van Olst (Board Member)	$0	$0	$0

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990

Filed on Dec. 21, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2022

Revenue

$1,106,359

Expenses

$994,369

Net Income

$111,990

Net Assets

$327,653

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$995,863	90.0%
Investment Income	$9	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$110,487	10.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$173,600	17.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$241,892	24.3%

Assets/Debt
Total Assets	$441,489
Total Liabilities	$113,836
Net Assets	$327,653

Compensation

Key Employees and Officers	Compensation	Related	Other
John Roy (President/Ceo)	$67,800	$0	$2,034
Zachary Murray (Treasurer)	$44,100	$0	$1,323
Bradford Hancock (Secretary)	$38,000	$0	$1,140
Jonathan Bescher (Vice President)	$23,700	$0	$711
Jason Van Olst (Board Member)	$0	$0	$0

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990

Filed on Jan. 27, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2021

Revenue

$865,879

Expenses

$780,826

Net Income

$85,053

Net Assets

$215,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$812,479	93.8%
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	$53,400	6.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$200,420	25.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$163,996	21.0%

Assets/Debt
Total Assets	$299,143
Total Liabilities	$83,480
Net Assets	$215,663

Compensation

Key Employees and Officers	Compensation	Related	Other
John Roy (President/Ceo)	$67,800	$0	$0
Zachary Murray (Treasurer)	$42,000	$0	$0
Casey Sink (Secretary Until May 2021)	$34,100	$0	$0
Bradford Hancock (Secretary)	$34,020	$0	$0
Jonathan Bescher (Vice President)	$22,500	$0	$0
Jason Van Olst (Board Member)	$0	$0	$0

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990

Filed on Dec. 20, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2020

Revenue

$707,369

Expenses

$660,271

Net Income

$47,098

Net Assets

$130,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$636,848	90.0%
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	$70,521	10.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$161,250	24.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$198,676	30.1%

Assets/Debt
Total Assets	$192,733
Total Liabilities	$62,123
Net Assets	$130,610

Compensation

Key Employees and Officers	Compensation	Related	Other
John Roy (President/Ceo)	$67,800	$0	$0
Ed Lower (Vice President Former)	$52,800	$0	$0
Zachary Murray (Treasurer)	$38,800	$0	$0
Casey Sink (Secretary)	$33,400	$0	$0
Jonathan Bescher (Vice President)	$21,250	$0	$0
Jason Van Olst (Board Member)	$0	$0	$0

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990

Filed on Nov. 2, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2019

Revenue

$796,447

Expenses

$795,554

Net Income

$893

Net Assets

$83,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$724,841	91.0%
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	$71,606	9.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$178,752	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$147,579	18.6%

Assets/Debt
Total Assets	$155,019
Total Liabilities	$71,506
Net Assets	$83,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2018

Revenue

$690,171

Expenses

$741,978

Net Income

-$51,807

Net Assets

$82,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$677,135	98.1%
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$76,757
Net Inventory Sales	$0
Other Revenue	$89,786	13.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$169,120	22.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$148,200	20.0%

Assets/Debt
Total Assets	$141,357
Total Liabilities	$58,737
Net Assets	$82,620

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2017

Revenue

$714,410

Expenses

$693,402

Net Income

$21,008

Net Assets

$134,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$625,065	87.5%
Investment Income	$10	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$89,335	12.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$156,600	22.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$135,238	19.5%

Assets/Debt
Total Assets	$223,683
Total Liabilities	$89,256
Net Assets	$134,427

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2016

Revenue

$711,733

Expenses

$696,288

Net Income

$15,445

Net Assets

$113,419

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$623,755	87.6%
Investment Income	$26	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,143
Net Inventory Sales	$0
Other Revenue	$93,095	13.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,000	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$229,274	32.9%

Assets/Debt
Total Assets	$224,923
Total Liabilities	$111,504
Net Assets	$113,419

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2015

Revenue

$661,946

Expenses

$645,077

Net Income

$16,869

Net Assets

$97,974

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$546,500	82.6%
Investment Income	$39	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$115,407	17.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,000	9.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$212,359	32.9%

Assets/Debt
Total Assets	$189,138
Total Liabilities	$91,164
Net Assets	$97,974

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2014

Revenue

$555,653

Expenses

$618,963

Net Income

-$63,310

Net Assets

$81,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$482,356	86.8%
Investment Income	$428	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$72,869	13.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,000	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$191,888	31.0%

Assets/Debt
Total Assets	$131,485
Total Liabilities	$50,380
Net Assets	$81,105

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2013

Revenue

$1,072,522

Expenses

$973,813

Net Income

$98,709

Net Assets

$144,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,012,395	94.4%
Investment Income	$152	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$59,975	5.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,956	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$284,834	29.2%

Assets/Debt
Total Assets	$166,576
Total Liabilities	$22,161
Net Assets	$144,415

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2012

Revenue

$1,176,656

Expenses

$1,162,788

Net Income

$13,868

Net Assets

$45,706

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$845,323	71.8%
Investment Income	$135	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$331,198	28.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$425,946	36.6%

Assets/Debt
Total Assets	$106,016
Total Liabilities	$60,310
Net Assets	$45,706

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$1,122,905

Expenses

$1,084,341

Net Income

$38,564

Net Assets

$31,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$758,932	67.6%
Program Services	$0
Investment Income	$372	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$363,601	32.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$392,877	36.2%

Assets/Debt
Total Assets	$100,299
Total Liabilities	$68,462
Net Assets	$31,837

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

New Wave Swim Team

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.24M (2023)

Expenses $1.13M (2023)

Total Assets $563k (2023)

Total Liabilities $130k (2023)

Tax Filings by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Aug. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Aug. 2010

No Extracted Financial Data

Revenue

$1.24M (2023)

Expenses

$1.13M (2023)

Total Assets

$563k (2023)

Total Liabilities

$130k (2023)

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001