Wave Of Hope Foundation Inc in Long Branch, New Jersey (NJ)

Wave Of Hope Foundation Inc
Employer Identification Number (EIN)	205505837
Name of Organization	Wave Of Hope Foundation Inc
In Care of Name	Theodore Panis
Address	555 Ocean Blvd, Long Branch, NJ 07740-5334
Subsection	Charitable Organization
Ruling Date	06/2007
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$25,000 to $99,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$65,582
Amount of Income	$45,192
Form 990 Revenue Amount	$39,852
National Taxonomy of Exempt Entities (NTEE)	Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations

Non-representatives - add comments:

Amount of income in 2013: $45,192

Wave Of Hope Foundation Inc:	$45,192
Other organizations performing similar types of work:	$18,946,686

Assets in 2013: $65,582

This organization:	$65,582
Other organizations performing similar types of work:	$79,452,997

Expenses in 2013: $47,331

Wave Of Hope Foundation Inc:	$47,331
Other organizations performing similar types of work:	$5,721,898

Income to expenses ratio in 2013: 1.0

This organization:	1.0
Other organizations performing similar types of work:	3.1

Expenses allocated to program services in 2007: 98.2%

This organization:	98.2%
Other organizations performing similar types of work:	87.6%

Grants share in income in 2013: 0.0%

Wave Of Hope Foundation Inc:	0.0%
Other organizations performing similar types of work:	66.9%

Financial snapshot ($)

Revenue for 2013

Support schedule

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$60,620	$51,489	$39,852
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$0	$0	$0
Investment income	$866	$548	$209
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$59,754	$50,941	$39,643
Gross income from gaming	$11,894	$11,633	$10,810
Gross income from fundraising events	$67,592	$56,577	$34,173
Less: direct expenses from gaming and fundraising events	$19,732	$17,269	$5,340
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$0	$0
Total expenses	$69,250	$86,375	$47,331
Total net assets	$107,947	$73,061	$65,582
Excess/Deficit for the year	$-8,630	$-34,886	$-7,479
Net assets or fund balances at beginning of year	$116,577	$107,947	$73,061
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$73,061	$65,582

	2011	2012	2013
Balance Sheets
Total assets	$107,947	$73,061	$65,582
Total liabilities	$0	$0	$0
Net assets or fund balances	$107,947	$73,061	$65,582

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
Public support	$393,378
Subtotal	$393,378
Gifts, grants, contributions, and membership fees received	$1,100
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$392,278
Gross receipts from activities that are not an unrelated trade or business under section 513	$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Less	$0
Amounts received from disqualified persons	$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support	$0
Total support	$397,212
Public support	$393,378
Subtotal	$3,834
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$3,834
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$0
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income	$0

	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$53,400
Contributions, gifts, grants, and similar amounts received	$41,028
Contributions to donor advised funds	$0
Direct public support	$41,028
Indirect public support	$0
Government contributions (grants)	$0
Program service revenue including government fees and contracts	$0
Membership dues and assessments	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$0
Net rental income or (loss)	$0
Gross rents	$0
Less: rental expenses	$0
Other investment income	$0
Gain or (loss) from sales of assets other than inventory	$0
Gross amount from sales of assets other than inventory	$0
Less: cost or other basis and sales expenses	$0
Net income or (loss) from special events and activities	$12,372
Gross revenue	$39,877
Less: direct expenses other than fundraising expenses	$27,505
Gross profit or (loss) from sales of inventory	$0
Gross sales of inventory, less returns and allowances	$0
Less: cost of goods sold	$0
Other revenue	$0
Total expenses	$48,289
Program services	$47,420
Management and general	$869
Fundraising	$0
Payments to affiliates	$0
Net assets or fund balances at end of year	$64,955
Excess or (deficit) for the year	$5,111
Net assets or fund balances at beginning of year	$59,844
Other changes in net assets or fund balances	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$48,289	$47,420	$869	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$46,600
Specific assistance to individuals		$820
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$10	$0	$10	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$859	$0	$859	$0

	2007
Balance Sheets
Total assets	$64,955
Cash - non-interest-bearing	$19,955
Savings and temporary cash investments	$45,000
Accounts receivable less allowance for doubtful accounts	$0
Pledges receivable less allowance for doubtful accounts	$0
Grants receivable	$0
Receivables from current and former officers, directors, trustees, and key employees	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0
Other notes and loans receivable less allowance for doubtful accounts	$0
Inventories for sale or use	$0
Prepaid expenses and deferred charges	$0
Investments - publicly-traded securities	$0
Investments - other securities	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0
Investments - other	$0
Land, buildings, and equipment less accumulated depreciation	$0
Other assets, including program-related investments	$0
Total liabilities	$0
Accounts payable and accrued expenses	$0
Grants payable	$0
Deferred revenue	$0
Loans from officers, directors, trustees, and key employees	$0
Tax-exempt bond liabilities	$0
Mortgages and other notes payable	$0
Other liabilities	$0
Total liabilities and net assets/fund balances	$64,955
Total net assets or fund balances	$64,955

	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0
Total revenue, gains, and other support per audited financial statements	$0
Other expenses	$0
Net unrealized gains on investments	$0
Donated services and use of facilities	$0
Recoveries of prior year grants	$0
Other	$0
Other revenue	$0
Investment expenses	$0
Other	$0

	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0
Total expenses and losses per audited financial statements	$0
Other revenue	$0
Donated services and use of facilities	$0
Prior year adjustments	$0
Losses	$0
Other	$0
Other expenses	$0
Investment expenses	$0
Other	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$12,372	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$12,372	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$64,955

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that receives a substantial part of its support from a governmental unit or from the general public

	2006
Support Schedule
Total	$10,866
Gifts, grants, and contributions received	$10,866
Membership fees received	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0
Net income from unrelated business activities not included above	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0
Other income	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Community Foundation Of New Jersey	Po Box 338 Knox Hill Road, Morristown, NJ 07963-0338	NJ	1985-12	$107,794,971
2	Princeton Area Community Foundation Inc	15 Princess Rd, Lawrenceville, NJ 08648-2301	NJ	1991-09	$27,628,335
3	Liberty Healthcare System Foundation Inc	150 Warren St, Jersey City, NJ 07302-6443	NJ	1993-02	$1,909,317
4	The Northern New Jersey Community Foundation	1 Grand Ave Ste 3, Englewood, NJ 07631-3500	NJ	1999-05	$125,707
5	Wave Of Hope Foundation Inc	555 Ocean Blvd, Long Branch, NJ 07740-5334	NJ	2007-06	$45,192
6	Tuscarawas County Community Foundation	PO BOX 523, New Phila, OH 44663-0523	OH	2001-04	$8,655,975
7	San Antonio Area Foundation, Choose To Succeed Inc	303 Pearl Pkwy Ste 114, San Antonio, TX 78215-1285	TX	2002-11	$2,927,750
8	United Charitable Foundation	95 Elm St, W Springfield, MA 01089-2704	MA	2006-10	$154,040
9	Utah Community Foundation	7410 Creek Rd Ste 301, Sandy, UT 84093-6151	UT	2003-03	$132,941
10	Stock & Stolon Club Inc	29321 Plum Creek Drive, Spring, TX 77386	TX	2010-04	$95,461
11	Tico Torres Children Foundation Inc	470 Mariner Drive, Jupiter, FL 33477	FL	2009-04	$90,000
12	San Elijo Hills Foundation	1277 San Elijo Rd S, San Marcos, CA 92078-1073	CA	2005-11	$9,777
13	South Padre Island Community Foundation Inc, Matz Georgiana Chairman	PO BOX 2108, S Padre Isle, TX 78597-2108	TX	1999-02	$8
14	Gary D Stewart Trinity Foundation Inc, Halos And Hope	Po Box 208, Clinton, MS 39060	MS	2009-06	$0
15	Hope America Foundation Inc	7611 W Four Pines Rd, Plant City, FL 33565-3127	FL	2010-04	$0
16	Houston Entrepreneurs Foundation	5722 Indian Cir, Houston, TX 77057-1303	TX	2003-06	$0
17	Pope John Paul Iis Charities Inc	5477 Burberry Lane, Columbus, OH 43228	OH	2009-09	$0
18	San Antonio Area Foundation	303 Pearl Pkwy Ste 114, San Antonio, TX 78215-1285	TX	2002-11	$0
19	San Antonio Area Foundation, Edward Block Family Foundation	303 East Pearl Parkway Suite 114, San Antonio, TX 78215	TX	2002-11	$0
20	San Antonio Area Foundation, Gunn Family Foundation	303 Pearl Pkwy Ste 114, San Antonio, TX 78215-1285	TX	2002-11	$0

Number of organizations performing similar types of work

Alabama	2
Arizona	2
California	24
Colorado	4
Connecticut	8
District of Columbia	1
Delaware	1
Florida	14
Georgia	2
Hawaii	1
Iowa	5
Idaho	1
Illinois	10
Indiana	17
Kansas	4
Kentucky	2
Louisiana	2
Massachusetts	5
Maryland	2
Maine	1
Michigan	17
Minnesota	9
Missouri	5

Mississippi	3
Montana	2
North Carolina	9
North Dakota	1
Nebraska	2
New Hampshire	1
New Jersey	5
New York	14
Ohio	20
Oklahoma	2
Oregon	1
Pennsylvania	14
South Carolina	6
South Dakota	3
Tennessee	4
Texas	28
Utah	1
Virginia	7
Vermont	1
Washington	5
Wisconsin	9
West Virginia	2
International	1

Total

280

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