Nonprofit · EIN 62-0920595
WAVES INC
Tax-exempt · FRANKLIN, TN 37064
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,208,529 | $4,134,798 | $73,731 | $1,194,558 | $331,583 | $862,975 |
| June 30, 2024 | 990 | $2,957,366 | $3,419,067 | -$461,701 | $1,144,449 | $355,205 | $789,244 |
| June 30, 2023 | 990 (amended) | $3,372,371 | $3,498,387 | -$126,016 | $1,598,784 | $347,839 | $1,250,945 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,317,671
- of which government grants
- $1,916,045
- Program service revenue
- $1,844,233
- Investment income
- -$12,171
- Net gain from sales of assets
- -$13,838
- Net income from fundraising events
- $14,569
- Other revenue
- $58,796
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $166,206
- Other salaries and wages
- $2,620,836
- Salaries, compensation and benefits (total)
- $3,302,636
- Professional fundraising fees
- $0
- Accounting fees
- $36,536
- Occupancy
- $113,317
- Travel
- $138,963
- Depreciation
- $79,198
- Program services (functional)
- $3,161,013
- Management and general (functional)
- $915,537
- Fundraising (functional)
- $58,248
Balance sheet and other
- Total assets, start of year
- $1,144,449
- Total assets, end of year
- $1,194,558
- Total liabilities, end of year
- $331,583
- Net assets, end of year
- $862,975
- Land, buildings and equipment
- $418,160
- Net assets without donor restrictions
- $747,975
- Net assets with donor restrictions
- $115,000
- Gross receipts
- $4,241,552
- Employees
- 92
- Volunteers
- 60
- Year formed
- 1973
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VICKI BYARS | COO Officer | 40 | $78,199 | $9,864 |
| STACI DAVIS | CEO Officer | 40 | $68,222 | $9,922 |
| MARCIE STEPHENS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| EMBRY NICHOLS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ELLEN LUNDY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TINA ANDERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TRISH STILES | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| GARY ANDERSON | MEMBER Trustee or director | 1 | $0 | $0 |
| HAILEY BLANK | MEMBER Trustee or director | 1 | $0 | $0 |
| MARK BOOKER | MEMBER Trustee or director | 1 | $0 | $0 |
| TIFFANY HOLLAND | MEMBER Trustee or director | 1 | $0 | $0 |
| JANIE HOLMES | MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELINE KING | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN LYNCH | MEMBER Trustee or director | 1 | $0 | $0 |
| DEREK SCHLETZER | MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBIE SOKOL | MEMBER Trustee or director | 1 | $0 |
| APRIL WIDEMAN | MEMBER Trustee or director | 1 | $0 |
| ERIC WORKMAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LANCE JORDAN | EXECUTIVE DIRECTOR Officer | 40 | $101,746 | $6,415 |
| STACI DAVIS | EXECUTIVE DIRECTOR AS OF 6/3/24 Officer | 40 | $57,457 | $9,049 |
| REBEKAH ZEITLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DANIELLE WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TOM STEARNS | HONORARY BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| HAILEY BLANK | MEMBER Trustee or director | 1 | $0 | $0 |
| DENICE DEMERS | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN LYNCH | MEMBER Trustee or director | 1 | $0 | $0 |
| EMBRY NICHOLS | MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERTO RAMIREZ | MEMBER Trustee or director | 1 | $0 | $0 |
| DEBBIE SOKOL | MEMBER Trustee or director | 1 | $0 | $0 |
| MARCIE STEPHENS | MEMBER Trustee or director | 1 | $0 | $0 |
| TRISH STILES | MEMBER Trustee or director | 1 | $0 | $0 |
| ELLEN LUNDY | MEMBER Trustee or director | 1 | $0 | $0 |
| MARK BOOKER | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LANCE LANCE JORDAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $96,084 | $12,172 |
| REBEKAH ZEITLAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DANIELLE WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TOM STEARNS | HONORARY BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HAILEY BLANK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENICE DEMERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMBRY NICHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERTO RAMIREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE MILLHOUSE SOKOL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIE STEPHENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRISH STILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN LUNDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 223 BRIDGE ST, FRANKLIN, TN 37064-2524
- Principal officer (990 for 2024)
- VICKI BYARS, 1325 WEST MAIN ST 104, FRANKLIN, TN 37064
- Signed the 990
- STACI DAVIS, CEO
- Phone
- (615) 794-7955
- Website
- WAVESINC.COM
- Return prepared by
- LBMC PC
Mission
ASSIST INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Program accomplishments
- THE EARLY LEARNING PROGRAM: THIS PROGRAM PROVIDES DEVELOPMENTAL THERAPY TO FAMILIES AND CAREGIVERS WHO HAVE A CHILD FROM BIRTH TO FIVE YEARS OF AGE WHO HAVE A DEVELOPMENTAL DELAY OR A DIAGNOSED CONDITION THAT HAS A HIGH PROBABILITY OF RESULTING IN DEVELOPMENTAL DELAY. EARLY INTERVENTIONISTS DELIVER SERVICES WHERE THE CHILD LIVES, LEARNS, AND PLAYS TO INCREASE THE LIKELIHOOD OF CONSISTENT PRACTICE WITH SKILLS. IN THIS SETTING, THE SKILLS LEARNED ARE FUNCTIONALLY RELEVANT TO THE CHILD AND FAMILY IN THEIR EVERYDAY ROUTINE. IN ADDITION TO DIRECT SUPPORT OF CHILDREN AND THEIR CAREGIVERS, THE INTERVENTIONIST PROVIDES CONSULTATION AND TRAINING FOR CHILDCARE PROVIDERS. IN THE FISCAL YEAR 2024-2025, 526 FAMILIES RECEIVED SERVICES.Expenses $1,618,943 · revenue $1,847,906
- ADULT SERVICES: OUR DAY SERVICES PROVIDE ACTIVITIES AND STRUCTURED TRAINING PROGRAMS THAT SUPPORT THE ACQUISITION, RETENTION, OR IMPROVEMENT IN COMMUNICATION, DAILY LIVING SKILLS, AND SOCIAL SKILLS FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. SERVICES IN THIS PROGRAM ARE FACILITY AND/OR COMMUNITY-BASED. INTENDED OUTCOMES INCLUDE INCREASED COMPETENCY IN DAILY LIVING SKILLS AND CONNECTING INDIVIDUALS WITH THEIR COMMUNITY. ADULT DAY SERVICES ARE CURRENTLY PROVIDED IN THE WILLIAMSON COUNTY COMMUNITY. WE OPERATE TWO ADULT DAY CENTERS IN FRANKLIN AND FAIRVIEW, WHERE THESE SERVICES CAN BE PROVIDED IN ADDITION TO COMMUNITY-BASED SERVICES. 36 ADULTS ARE CURRENTLY BEING SUPPORTED IN THIS PROGRAM. INDIVIDUALS IN THIS PROGRAM ARE ALSO ENCOURAGED TO SEEK EMPLOYMENT WITH STAFF SUPPORT PROVIDED FOR ALL STAGES OF THEIR EMPLOYMENT JOURNEY. VOLUNTEERING IN THE COMMUNITY IS ALSO ENCOURAGED TO LEARN SKILLS AND BUILD SELF-ESTEEM. EXAMPLES OF VOLUNTEER ACTIVITIES INCLUDE PACKAGING AND DELIVERING LUNCHES FOR MEALS ON WHEELS, CLEANING TRAILS AT EDWIN WARNER PARK, ASSISTING WITH FOOD AND CLOTHES SORTING AT THRIFT STORES, AND ASSISTING WITH MAILINGS OR FILINGS FOR NONPROFIT ORGANIZATIONS. WAVES ALSO OPERATES FOUR HOMES WITHIN WILLIAMSON COUNTY WITH 24/7 STAFF SUPPORT. THESE HOMES PROVIDE RESIDENTIAL SUPPORT FOR 13 INDIVIDUALS. WE ALSO OFFER A SEMI-INDEPENDENT LIVING OPTION. THIS PROGRAM IS DESIGNED FOR INDIVIDUALS WHO HAVE HIGHER LEVELS OF INDEPENDENCE AND NEED LESS ASSISTANCE WITH DAILY TASKS. WE CURRENTLY SUPPORT ONE INDIVIDUAL IN THIS PROGRAM.Expenses $1,542,070
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0920595
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P82Z)
- Assets (IRS master file)
- $1,194,558
- Income (IRS master file)
- $4,241,552
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,208,529 | $4,134,798 | $1,194,558 | XML |
| 990 | June 2024 | $2,957,366 | $3,419,067 | $1,144,449 | IRS |
| 990 | June 2023 | $3,372,371 | $3,498,387 | $1,598,784 | XML |
| 990 | June 2022 | $3,544,655 | $3,291,495 | $1,492,273 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 62-0920595).
Questions about WAVES INC
- What is the EIN of WAVES INC?
- The employer identification number (EIN) of WAVES INC is 62-0920595.
- Is WAVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to WAVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAVES 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 INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WAVES INC?
- The 990 for the year ended June 30, 2025 names VICKI BYARS.
- Who are the officers and directors of WAVES INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 2 received compensation from the organization, the highest $78,199 (VICKI BYARS, COO).
- How much revenue does WAVES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,208,529, expenses of $4,134,798 and total assets of $1,194,558 at year end.
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