Florida · Nonprofit
New Wave Artist Residency Inc
New Wave Artist Residency Inc (Florida) receives grants from 13 organizations whose IRS filings report $187,115 to it, the largest being THE OPTIMA CHARITABLE FOUNDATION ($70,000). 4 of them have funded it in more than one year.
- Revenue FY2024
- $92k
- Funders on record
- 13
- Grants received
- $187k
- Net assets
- $142k
What New Wave Artist Residency Inc does
Mission
To engage and inspire the West Palm Beach communityand the worldthrough public programs and artist residencies that support and elevate underrepresented artists at the local, national, and international levels.
As stated on its FY2024 Form 990.
Program
In the past year, New Wave Artist Residency proudly hosted 3 artists, providing each with a comprehensive support package that included a private studio, housing, a stipend, travel expenses, and, in select cases, art supplies. In addition to logistical support, the residency offered professional mentorship and fostered community engagement through open studio events and other public programming.The Organization also facilitated enriching discourse by hosting curators, artists, and writers for panel discussions during our signature event, New Wave Art Weekend, held annually in December. This weekend serves as New Wave's largest fundraising event and includes a gala dinner for 120 guests. The Organization covered travel and lodging for all invited participants, offered speaker honoraria, and managed all associated event costs, including staffing, administrative support, and public relations services.
$253,372 spentof which $18,175 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $253,372.
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.
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 $370k to $171k (−54%).
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.
172% of New Wave Artist Residency Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (78% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.
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
Sarah Gavlak
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2021 → 2023: the base broadened from 3 funders to 4 funders, grant income rose $20k → $22k.
2 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% 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 New Wave Artist Residency Inc’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
New Wave Artist Residency Inc has a broad base — no single funder exceeds 37% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2021 50% · 2022 65% · 2023 45% — 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
New Wave Artist Residency Inc draws 84% of its grant income from funders outside Florida, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $33k arriving through sponsors registered in 2 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.
Against its field
New Wave Artist Residency Inc's funding base is broadening — from 3 funders to 4 as grant income climbed.
this organization peer median middle 50% of peers· 14,550 arts & culture nonprofits under $100k, FY2024
Organizations like New Wave Artist Residency Inc
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for New Wave Artist Residency Inc: 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.
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 New Wave Artist Residency Inc?
- New Wave Artist Residency Inc (Florida) receives grants from 13 organizations whose IRS filings report $187,115 to it, the largest being THE OPTIMA CHARITABLE FOUNDATION ($70,000). 4 of them have funded it in more than one year.
- How many funders does New Wave Artist Residency Inc have?
- IRS filings report 13 organizations giving $187,115 in grants to New Wave Artist Residency Inc, 4 of which have funded it in more than one year.
- Who is the largest funder of New Wave Artist Residency Inc?
- THE OPTIMA CHARITABLE FOUNDATION is the largest funder on record, with $70,000 in grants. The full list of funders is on this page.
- How can an organization like New Wave Artist Residency Inc 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 New Wave Artist Residency →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 13 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 14, 2026. What this page cannot tell you · view filing