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Florida · Nonprofit

Eight Waves Corporation

Eight Waves Corporation (Florida) receives grants from 19 organizations whose IRS filings report $252,618 to it, the largest being CHILDREN'S CHARITIES OF SHEBOYGAN COUNTY INC ($40,000). 8 of them have funded it in more than one year.

Revenue FY2025
$863k
Funders on record
19
Grants received
$253k
Net assets
$325k
8/19 repeat funderspeak grant-dependency 18%
01What it does

What Eight Waves Corporation does

Mission

Eight Waves supports and advocates for vulnerable at-risk children, schools, and families in under-resourced communities.

As stated on its FY2025 Form 990.

Program

  1. Offering eight innovative programs that provide waves of opportunities for local children, schools and families, including reading intervention and mentoring.

    $595,113 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $595,113.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 = 20212021 Revenue 100 ($2k) Expenses 100 ($962) Net assets 100 ($1k)2022 Revenue 7225 ($147k) Expenses 6156 ($59k) Net assets 8350 ($89k)2023 Revenue 18243 ($371k) Expenses 37310 ($359k) Net assets 13401 ($143k)2024 Revenue 29941 ($608k) Expenses 53799 ($518k) Net assets 24197 ($259k)2025 Revenue 42480 ($863k) Expenses 82825 ($797k) Net assets 30404 ($325k)
20212022202320242025
Revenue (42480)Expenses (82825)Net assets (30404)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 2023 to 2024, from $143k to $287k (+100%).

$1k
$89k
$143k
$287k
$356k
20212022202320242025
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.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 8% · 2025 6%. Grants only. Government contracts and fees sit inside program revenue.

82% of Eight Waves Corporation’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).

This organization
Typical peer · 25,057 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$1k
’21
$88k
’22
$12k
’23
$91k
’24
$66k
’25
4.8
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.

Board chair

Scott Spragg

Chairman

As listed on its FY2025 Form 990.

20212022202320242025
Listed54171819
Joined·+3+14+6+3
No longer listed·4152
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 5 funders to 9 funders, grant income rose $26k → $43k.

9 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 47% 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 Eight Waves Corporation’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

Eight Waves Corporation has a broad base — no single funder exceeds 16% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

77% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Eight Waves Corporation.

16%
largest funder
42%
top three
~12
effective funders

Largest funder’s share by year: 2022 38% · 2023 24% — 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

81% of Eight Waves Corporation's grant income comes from Florida funders.

DE
AZ
FL

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

’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $119k arriving through sponsors registered in 8 states 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

Eight Waves Corporation runs a healthier operating margin than half of the 17,450 education nonprofits its size.

Operating margin8% · above the median
Months of reserve4.8mo · below the median
Revenue growth (annualized)354% · outside the comparable range

this organization peer median middle 50% of peers· 17,450 education nonprofits $100k–$1M, FY2025

Organizations like Eight Waves Corporation

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 Florida

Nationally

05Profile & governance

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

Where the money goes

75% of spending goes to programs.

Program 75%Management 16%Fundraising 9%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Screen this organization

A dated, signed PDF of the compliance screen for Eight Waves Corporation: 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 Eight Waves Corporation?
Eight Waves Corporation (Florida) receives grants from 19 organizations whose IRS filings report $252,618 to it, the largest being CHILDREN'S CHARITIES OF SHEBOYGAN COUNTY INC ($40,000). 8 of them have funded it in more than one year.
How many funders does Eight Waves Corporation have?
IRS filings report 19 organizations giving $252,618 in grants to Eight Waves Corporation, 8 of which have funded it in more than one year.
Who is the largest funder of Eight Waves Corporation?
CHILDREN'S CHARITIES OF SHEBOYGAN COUNTY INC is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
How can an organization like Eight Waves Corporation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. 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 Eight Waves →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 19 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