Nonprofit · EIN 56-1324588
WAVES OF WILMINGTON INC
Tax-exempt · WILMINGTON, NC 28408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $365,216 | $408,222 | -$43,006 | $386,732 | $30,794 | $355,938 |
| August 31, 2024 | 990 | $207,241 | $210,031 | -$2,790 | $414,730 | $15,786 | $398,944 |
| August 31, 2023 | 990 | $227,298 | $246,435 | -$19,137 | $431,198 | $28,789 | $402,409 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,317
- Program service revenue
- $354,690
- Investment income
- $8,209
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $89,187
- Other salaries and wages
- $121,052
- Salaries, compensation and benefits (total)
- $226,833
- Professional fundraising fees
- $0
- Accounting fees
- $43
- Occupancy
- $109,895
- Travel
- $22,076
- Depreciation
- $582
- Program services (functional)
- $408,222
Balance sheet and other
- Total assets, start of year
- $414,730
- Total assets, end of year
- $386,732
- Total liabilities, end of year
- $30,794
- Net assets, end of year
- $355,938
- Gross receipts
- $365,216
- Employees
- 12
- Volunteers
- 150
- Year formed
- 1990
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David A Sokolofsky | CEO - Head Coach Officer, Highest-paid employee | 40 | $89,187 |
| Elizabeth Claus | Member at Large Trustee or director | 1 | $0 |
| Carrie Bollenbacher | Vice President Trustee or director | 10 | $0 |
| Eddie Carroll | Member At Large Trustee or director | 2 | $0 |
| Karen House | Volunteer Coordinator Trustee or director | 5 | $0 |
| Marcus King | Member at Large Trustee or director | 1 | $0 |
| Emily Reiniche | Secretary Trustee or director | 1 | $0 |
| John Jewell | Member at Large Trustee or director | 1 | $0 |
| Jennifer Hughes | President Trustee or director | 5 | $0 |
| Bridget Phillips | Member At Large Trustee or director | 1 | $0 |
| Brianne Higgins | Treasurer Trustee or director | 15 | $0 |
990 for the year ended August 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David A Sokolofsky | CEO - Head Coach Officer, Highest-paid employee | 40 | $63,816 | $63,816 |
| Elizabeth Claus | Member at Large Trustee or director | 1 | $0 | $0 |
| Carrie Bollenbacher | Vice President Trustee or director | 3 | $0 | $0 |
| Eddie Carroll | Member At Large Trustee or director | 1 | $0 | $0 |
| Karen House | Volunteer Coordinator Trustee or director | 1 | $0 | $0 |
| Marcus King | Member at Large Trustee or director | 1 | $0 | $0 |
| Emily Reiniche | Secretary Trustee or director | 5 | $0 | $0 |
| John Jewell | Member at Large Trustee or director | 1 | $0 | $0 |
| Jennifer Hughes | President Trustee or director | 10 | $0 | $0 |
| Bridget Phillips | Member At Large Trustee or director | 1 | $0 | $0 |
| Brianne Higgins | Treasurer Trustee or director | 15 | $0 | $0 |
990 for the year ended August 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David A Sokolofsky | CEO - Head Coach Officer, Highest-paid employee | 40 | $71,134 |
| Elizabeth Claus | Member at Large Trustee or director | 1 | $0 |
| Carrie Bollenbacher | Member at Large Trustee or director | 2 | $0 |
| Eddie Carroll | Member At Large Trustee or director | 1 | $0 |
| Karen House | Volunteer Coordinator Trustee or director | 5 | $0 |
| Marcus King | Member at Large Trustee or director | 1 | $0 |
| Emily Reiniche | Secretary Trustee or director | 5 | $0 |
| John Jewell | Member at Large Trustee or director | 1 | $0 |
| Jennifer Hughes | Vice President Trustee or director | 5 | $0 |
| Bridget Phillips | President Trustee or director | 10 | $0 |
| Debbie Langtry | Treasurer Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16554, WILMINGTON, NC 28408-6554
- In care of
- % WAVES OF WILMINGTON INC
- Principal officer (990 for 2024)
- Brianne Higgins, 5024 Laurenbridge Lane, Wilmington, NC 28409
- Signed the 990
- Brianne Higgins, Treasurer
- Phone
- (929) 434-9356
- Website
- www.swimwow.org
Mission
Teach youth swimming techniques. Attend swim meets both local and nationally.
Program accomplishments
- Teach competitive swim techniques to approximately 200 youth in the local community ages ranging from 5 to 18. Allowing them to win league championships, attend junior Olympics, attend and compete in the USA Olympic trials and rank nationally.Expenses $408,222 · revenue $319,885
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 56-1324588
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $386,732
- Income (IRS master file)
- $365,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $365,216 | $408,222 | $386,732 | XML |
| 990 | August 2024 | $207,241 | $210,031 | $414,730 | XML |
| 990 | August 2023 | $227,298 | $246,435 | $431,198 | XML |
| 990 | August 2022 | $263,977 | $222,209 | $470,320 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-EZ | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1324588).
Questions about WAVES OF WILMINGTON INC
- What is the EIN of WAVES OF WILMINGTON INC?
- The employer identification number (EIN) of WAVES OF WILMINGTON INC is 56-1324588.
- Is WAVES OF WILMINGTON INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to WAVES OF WILMINGTON INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAVES OF WILMINGTON INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WAVES OF WILMINGTON INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAVES OF WILMINGTON INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of WAVES OF WILMINGTON INC?
- The 990 for the year ended August 31, 2025 names Brianne Higgins.
- Who are the officers and directors of WAVES OF WILMINGTON INC?
- The 990 for the year ended August 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $89,187 (David A Sokolofsky, CEO - Head Coach).
- How much revenue does WAVES OF WILMINGTON INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $365,216, expenses of $408,222 and total assets of $386,732 at year end.
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