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Wave Services 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 / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$20.4M (2023)

Expenses
$1.66M (2023)

Total Assets
$152M (2023)

Total Liabilities
$66.6M (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 July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,416,756
Expenses
$1,658,372
Net Income
$18,758,384
Net Assets
$85,008,528
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,487,136
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$230,458
Net Fundraising $0
Sales of Assets $160,000
0.8%
Net Inventory Sales $0
Other Revenue $78
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $151,588,755
Total Liabilities $66,580,227
Net Assets $85,008,528
Compensation
Key Employees and Officers Compensation Related Other
John Lewis (Director) $0 $0 $0
Jay Welker (Chair) $0 $0 $0
James Gash (Director & Vice President) $0 $778,582 $340,110
Daniel Dewalt (Director & Vice President) $0 $337,306 $49,169
Faye Williams Craddolph (Director (As Of 07/23)) $0 $0 $0
Sara Cosentino (President) $0 $348,320 $84,180
Jeffrey Rohde (Secretary (As Of 12/22)) $0 $406,727 $74,045
Faye Holton (Treasurer) $0 $238,556 $41,884
Diane Carter (Senior Trust Officer) $0 $172,604 $36,184
Susan Christopher (Vice President (As Of 07/23)) $0 $58,495 $1,296
Samuel Hinkle (President (Thru 12/21)) $0 $185,195 $121,802

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,167,234
Expenses
$6,828,782
Net Income
-$5,661,548
Net Assets
$62,308,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $909,157
77.9%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $254,613
21.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,464
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $134,331,794
Total Liabilities $72,023,139
Net Assets $62,308,655
Compensation
Key Employees and Officers Compensation Related Other
James Gash (Director & Vice President) $0 $586,932 $341,897
Daniel Dewalt (Director & Vice President) $0 $290,248 $37,067
John Lewis (Director) $0 $0 $0
Timothy Phillips (Director) $0 $0 $0
Jay Welker (Chair As Of 12/21) $0 $0 $0
Samuel Hinkle (President Thru 12/21) $0 $275,204 $176,363
Charles Pippin (Vice President Thru 09/21) $0 $323,750 $47,254
Curt Portzel (Vice President Thru 11/21) $0 $153,721 $54,472
Faye Holton (Secretary & Treasurer) $0 $199,917 $33,805
Diane Carter (Senior Trust Officer) $0 $160,458 $30,796
Sara Cosentino (President As Of 12/21) $0 $334,388 $72,277
Andrew Benton (Former Director) $0 $293,691 $36,222

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,251,844
Expenses
$2,109,896
Net Income
$34,141,948
Net Assets
$73,822,900
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,102,735
99.6%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $144,136
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,973
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $157,819,377
Total Liabilities $83,996,477
Net Assets $73,822,900
Compensation
Key Employees and Officers Compensation Related Other
Samuel Hinkle (Chairman Thru 12/20 & President) $0 $274,152 $162,688
Charles Pippin (Vice Chairman Thru 12/20 & Vp) $0 $533,390 $65,648
James Gash (Director & Vice President) $0 $440,146 $268,530
Daniel Dewalt (Director & Vice President) $0 $265,503 $38,071
John Lewis (Director As Of 12/20) $0 $0 $0
Timothy Phillips (Director As Of 12/20) $0 $0 $0
Harold Smethills (Director Thru 12/20) $0 $0 $0
Jay Welker (Director As Of 12/20) $0 $0 $0
Curt Portzel (Vice President) $0 $160,180 $61,106
Faye Holton (Secretary & Treasurer) $0 $199,217 $36,473
Diane Carter (Senior Trust Officer) $0 $164,412 $32,726
Andrew Benton (Former Director) $0 $632,050 $69,474

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,338,126
Expenses
$1,007,069
Net Income
$4,331,057
Net Assets
$33,840,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,068,065
94.9%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $269,769
5.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $292
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,472,313
Total Liabilities $36,631,593
Net Assets $33,840,720
Compensation
Key Employees and Officers Compensation Related Other
Andrew Benton (Former Director) $0 $1,133,559 $217,063
Charles Pippin (Vice Chairman & Vice President) $0 $624,484 $165,078
James Gash (Director & Vp, As Of 12/19) $0 $218,214 $306,810
Samuel Hinkle (Chairman & President) $0 $272,140 $215,071
Joan Singleton (Secretary, Vp, Cfo, Thru 10/19) $0 $235,386 $58,635
Faye Holton (Treasurer) $0 $237,914 $40,230
Daniel Dewalt (Director & Vp, As Of 12/19) $0 $208,957 $39,314
Curt Portzel (Vice President) $0 $160,417 $62,442
Joanna Elliott (Vice President) $0 $169,136 $44,586
Diane Carter (Senior Trust Officer) $0 $161,932 $35,759
James Porter (Director, Thru 06/20) $0 $0 $0
Harold Smethills (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$506,135
Expenses
$1,495,763
Net Income
-$989,628
Net Assets
$29,638,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $225,413
44.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $279,848
55.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $874
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,609,360
Total Liabilities $27,970,956
Net Assets $29,638,404
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman And President) $0 $544,771 $154,852
Samuel Hinkle (Vice President) $0 $262,793 $210,256
Andrew K Benton (Director) $0 $710,482 $371,176
James R Porter (Director) $0 $0 $0
B Joseph Rokus (Director) $0 $0 $0
Harold R Smethills (Director) $0 $0 $0
Curt Portzel (Vice President) $0 $156,054 $54,275
Joanna Elliott (Vice President) $0 $159,836 $41,001
Faye Holton (Treasurer) $0 $235,993 $37,386
Diane Carter (Senior Trust Officer) $0 $158,105 $32,646
Joan Singleton (Secretary/Vp/Cfo) $0 $265,982 $30,781
Michael Adams (Former Chairman) $0 $272,574 $145,840
Paul B Lasiter (Former Secretary/Vp/Cfo) $0 $121,770 $199,472
Dennis Torres (Former Vice President) $0 $102,793 $8,305

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$606,544
Expenses
$11,152,439
Net Income
-$10,545,895
Net Assets
$29,488,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $319,246
52.6%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $282,032
46.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,266
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $60,864,127
Total Liabilities $31,375,375
Net Assets $29,488,752
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman And President) $0 $440,447 $141,578
Harold R Smethills (Director) $0 $0 $0
James R Porter (Director) $0 $0 $0
Andrew K Benton (Director) $0 $574,154 $360,326
B Joseph Rokus (Director) $0 $0 $0
Samuel Hinkle (Vice President) $0 $253,848 $199,992
Michael Adams (Chairman Of The Board) $0 $428,409 $236,701
Paul B Lasiter (Secretary/Vp/Cfo (Thru 7/2018)) $0 $240,435 $183,577
Brian M Thomason (Controller (Thru 4/2018)) $0 $131,848 $100,930
Faye Holton (Treasurer) $0 $204,856 $33,233
Curt Portzel (Vice President) $0 $144,449 $51,091
Diane Carter (Senior Trust Officer) $0 $162,726 $30,829
Dennis Torres (Former Vice President (Thru 6/2017)) $0 $178,903 $33,536

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$439,658
Expenses
$116,167
Net Income
$323,491
Net Assets
$38,742,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,963
27.1%
Program Services $0
Investment Income $320,695
72.9%
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 $70,040,697
Total Liabilities $31,298,172
Net Assets $38,742,525
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman And President) $0 $420,697 $136,170
Harold R Smethills (Director) $0 $0 $0
James R Porter (Director) $0 $0 $0
Andrew K Benton (Director) $0 $699,689 $242,832
B Joseph Rokus (Director) $0 $0 $0
Michael Adams (Chairman Of The Board) $0 $419,434 $169,945
Paul B Lasiter (Secretary, Vp, And Cfo) $0 $229,629 $222,791
Dennis Torres (Vice President) $0 $252,678 $50,930
Brian M Thomason (Controller) $0 $154,124 $89,073
Samuel Hinkle (Vice President) $0 $222,316 $198,517
Faye Holton (Treasurer) $0 $194,423 $32,321
Curt Portzel (Vice President) $0 $142,054 $48,831
Diane Carter (Senior Trust Officer) $0 $147,481 $14,956

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,540,070
Expenses
$2,601,843
Net Income
-$61,773
Net Assets
$39,790,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,658,114
65.3%
Program Services $0
Investment Income $299,790
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $582,166
22.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $67,598,638
Total Liabilities $27,807,726
Net Assets $39,790,912
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman And President) $0 $594,653 $135,422
Harold R Smethills (Director) $0 $0 $0
James R Porter (Director) $0 $0 $0
Andrew K Benton (Director) $0 $650,386 $228,050
B Joseph Rokus (Director) $0 $0 $0
Michael Adams (Chairman Of The Board) $0 $173,440 $92,209
Paul B Lasiter (Secretary, Vp, And Cfo) $0 $228,241 $196,551
Dennis Torres (Vice President) $0 $232,413 $48,902
Brian M Thomason (Controller) $0 $130,668 $88,271
Samuel Hinkle (Vice President) $0 $230,443 $210,052
Faye Holton (Treasurer) $0 $178,116 $31,069
Curt Portzel (Vice President) $0 $139,770 $45,825
Dick Womack (Senior Trust Officer Thru 7/13/15) $0 $77,235 $12,879
Diane Carter (Senior Trust Officer (Eff. 2016)) $0 $0 $0

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$477,248
Expenses
$67,061
Net Income
$410,187
Net Assets
$40,338,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,295
3.0%
Program Services $0
Investment Income $276,128
57.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $186,825
39.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $65,310,953
Total Liabilities $24,972,349
Net Assets $40,338,604
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman & President) $0 $376,597 $107,236
Harold R Smethills (Director) $0 $0 $0
James R Porter (Director) $0 $0 $0
Andrew K Benton (Chairman Of The Board) $0 $944,439 $169,666
B Joseph Rokus (Director) $0 $0 $0
Paul B Lasiter (Secretary, Vice President, And Cfo) $0 $203,338 $188,828
Dennis Torres (Vice President) $0 $235,166 $47,013
Brian M Thomason (Controller) $0 $129,610 $87,540
Samuel K Hinkle (Vice President) $0 $240,892 $184,212
Faye Holton (Treasurer) $0 $178,089 $29,966
Dick Womack (Senior Trust Officer) $0 $42,812 $109,018
Curt Portzel (Vice President) $0 $141,791 $43,897

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$423,304
Expenses
$31,902
Net Income
$391,402
Net Assets
$38,565,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,444
28.0%
Program Services $0
Investment Income $304,542
71.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $318
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,805,235
Total Liabilities $30,239,679
Net Assets $38,565,556
Compensation
Key Employees and Officers Compensation Related Other
Charles J Pippin (Vice Chairman And President) $0 $372,291 $101,386
Harold R Smethills (Director) $0 $0 $0
James R Porter (Director) $0 $0 $0
Andrew K Benton (Chairman Of The Board) $0 $505,218 $214,998
B Joseph Rokus (Director) $0 $0 $0
Terry M Giles (Director (Thru 12/2013)) $0 $0 $0
Russell L Ray Jr (Director (Thru 12/2013)) $0 $0 $0
Paul B Lasiter (Secretary, Vice President, And Cfo) $0 $184,358 $184,411
Dennis Torres (Vice President) $0 $220,699 $44,382
Brian M Thomason (Controller) $0 $115,323 $90,857
Samuel K Hinkle (Vice President) $0 $195,283 $180,199
Faye Holton (Treasurer) $0 $175,171 $28,445
Dick Womack (Senior Trust Officer) $0 $55,486 $89,915
Curt Portzel (Vice President) $0 $125,092 $39,152
Stephanie Buckley (Assoc. Vice Chancellor (Thru 8/2013)) $0 $167,370 $37,561

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,996,211
Expenses
$14,533
Net Income
$2,981,678
Net Assets
$35,438,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,160
6.6%
Program Services $0
Investment Income $46,519
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,752,532
91.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $66,751,926
Total Liabilities $31,313,055
Net Assets $35,438,871

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,040,081
Expenses
$150
Net Income
$1,039,931
Net Assets
$28,797,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,053,445
> 100%
Program Services $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 -$13,364
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $65,336,796
Total Liabilities $36,538,954
Net Assets $28,797,842

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,858,076
Expenses
$70
Net Income
$2,858,006
Net Assets
$28,211,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,197,739
76.9%
Program Services $0
Investment Income $42,552
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $617,785
21.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,786,681
Total Liabilities $35,574,933
Net Assets $28,211,748

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending July
2001

No Extracted Financial Data

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

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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