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New York · Nonprofit

CREATIVE WAVES FOUNDATION

CREATIVE WAVES FOUNDATION (New York) receives grants from 10 organizations whose IRS filings report $59,200 to it, the largest being THE PALMER FOUNDATION ($25,000). 2 of them have funded it in more than one year.

Revenue FY2024
$163k
Funders on record
10
Grants received
$59k
Net assets
$173k
2/10 repeat funderspeak grant-dependency 33%
01What it does

What Creative Waves Foundation does

Mission

The organization's over all goal is to support aspiring musicians in their pursuit of artistic fulfillment by harnessing the transformational power of music and music education by helping to eliminate financial challenges young artists face so they can reach their full potential.

As stated on its FY2024 Form 990-EZ.

Programs

  1. Phase 1 developments for the belle glades enrichment center

    $0 spentof which $33,956 as grants
  2. Raised money for a food drive

    $0 spentof which $22,000 as grants
  3. For urban promise summer camp food grant

    $0 spentof which $15,000 as grants

The 3 programs described on its FY2023 Form 990-EZ. Program spending in total: $0.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($75k) Expenses 100 ($61k) Net assets 100 ($14k)2021 Revenue 181 ($135k) Expenses 198 ($121k) Net assets 206 ($28k)2022 Revenue 329 ($246k) Expenses 125 ($76k) Net assets 1449 ($197k)2023 Revenue 102 ($76k) Expenses 179 ($109k) Net assets 1207 ($164k)2024 Revenue 218 ($163k) Expenses 252 ($154k) Net assets 1271 ($173k)
20202021202220232024
Revenue (218)Expenses (252)Net assets (1271)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $32k to $198k (+528%).

$14k
$32k
$198k
$164k
$173k
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

97% of CREATIVE WAVES FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (83% for the typical peer).

This organization
Typical peer · 6,418 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$14k
’20
$14k
’21
$170k
’22
−$33k
’23
$9k
’24
31
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Alexandra Tamposi

CEO

As listed on its FY2023 Form 990-EZ.

03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 3 funders to 4 funders, grant income rose $11k → $25k.

1 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CREATIVE WAVES FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CREATIVE WAVES FOUNDATION leans on a few funders — its largest provides 42% of grant income and the top three 82%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

42%
largest funder
82%
top three
~4
effective funders

Largest funder’s share by year: 2021 86% · 2022 68% · 2023 79% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

CREATIVE WAVES FOUNDATION draws 72% of its grant income from funders outside New York, across 5 states in all.

NY
PA
VA
NC
FL

In-state vs out-of-state, by year

’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $9k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CREATIVE WAVES FOUNDATION runs a healthier operating margin than half of the 5,705 youth development nonprofits its size.

Operating margin5% · above the median
Revenue growth (annualized)21% · above the median

this organization peer median middle 50% of peers· 5,705 youth development nonprofits $100k–$1M, FY2024

Organizations like CREATIVE WAVES FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Footprint & structure

Files a return copy in 1 state

CA

Screen this organization

A dated, signed PDF of the compliance screen for CREATIVE WAVES FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CREATIVE WAVES FOUNDATION?
CREATIVE WAVES FOUNDATION (New York) receives grants from 10 organizations whose IRS filings report $59,200 to it, the largest being THE PALMER FOUNDATION ($25,000). 2 of them have funded it in more than one year.
How many funders does CREATIVE WAVES FOUNDATION have?
IRS filings report 10 organizations giving $59,200 in grants to CREATIVE WAVES FOUNDATION, 2 of which have funded it in more than one year.
Who is the largest funder of CREATIVE WAVES FOUNDATION?
THE PALMER FOUNDATION is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
How can an organization like CREATIVE WAVES FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Creative Waves →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing