Future Wave Inc in San Diego, California (CA)

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Future Wave Inc
Employer Identification Number (EIN)232423251
Name of OrganizationFuture Wave Inc
In Care of NameArthur Kanegis
Address4492 Camino De La Plaza Ste 564, San Diego, CA 92173
ActivitiesPublishing activities
SubsectionCharitable Organization, Organization to Prevent Cruelty to Children
Ruling Date03/1988
DeductibilityContributions are deductible
FoundationSuspense
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$38,342
Amount of Income$70,554
Form 990 Revenue Amount$70,554
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Television


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Amount of income in 2013: $70,554 (it was $0 in 2013)
Future Wave Inc: 

 $70,554
Other organizations performing similar types of work: 

 $70,554

Assets in 2013: $38,342 (it was $0 in 2013)
This organization: 

 $38,342
Other organizations performing similar types of work: 

 $38,342

Expenses in 2012: $67,637
This organization: 

 $67,637
Other organizations performing similar types of work: 

 $67,637

Income to expenses ratio in 2012: 1.0
Future Wave Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 76.8%
Future Wave Inc: 

 76.8%
Other organizations performing similar types of work: 

 76.8%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$70,554
Contributions, gifts, grants, and similar amounts received$54,171
Program service revenue including government fees and contracts$16,200
Membership dues and assessments$0
Investment income$183
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$67,637
Total net assets$-49,658
Excess for the year$2,917
Net assets or fund balances at beginning of year$-52,575
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$38,342
Total liabilities$88,000
Net assets or fund balances$-49,658
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$183,049
Gifts, grants, contributions, and membership fees received$182,371
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$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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$678
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