Future Wave Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+5.1% YoY
Annual Giving
$15K
-10.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$7K
-10.5% YoY
About Future Wave Foundation
Based on IRS filings
Future Wave Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $15K.
Focus Areas
Ready to take the next step with Future Wave Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,918,036 | $1,824,504 | $2,004,224 |
| Revenue | $232,887 | $134,548 | $187,878 |
| Expenses | $139,355 | $314,189 | $213,733 |
| Qualifying Distributions | — | $16,470 | $2,460 |
| Net Investment Income | — | — | $39,787 |
| Distributable Amount | — | — | $31,237 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include SoLa I CAN Foundation LA Rams ($11,470), School Students ($3,269).
| Recipient | Purpose | Amount |
|---|---|---|
| SoLa I CAN Foundation LA Rams Los Angeles, CA | CONTRIBUTION | $11,470 |
| SCHOOL STUDENTS LOS ANGELES, CA | CONTRIBUTION | $3,269 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PRABJOTH K KOTHARI | PRESIDENT | 10 | $31,500 |
| AMI RUIA | SECRETARY | 0.5 | — |
| PRABJOTH K KOTHARI | C.F.O. | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Future Wave Foundation?
Future Wave Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in REDONDO BEACH, CA. It holds $1.9M in total assets as of 2024.
How large is Future Wave Foundation?
As of 2024, Future Wave Foundation holds $1.9M in total assets with $233K in annual revenue. It awarded 2 grants totaling $15K in 2024.
Where does Future Wave Foundation operate?
Future Wave Foundation has awarded grants in California, Kansas, Minnesota.
What size grants does Future Wave Foundation award?
In 2024, Future Wave Foundation awarded 2 grants totaling $15K — an average of about $7K per grant, based on its IRS Form 990 filings.
What is Future Wave Foundation's EIN?
Future Wave Foundation's EIN (Employer Identification Number) is 85-3256055. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Future Wave Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Gochnauer Family Foundation
CORONA DEL MAR, CA
Assets
$15.2M
Grants
39
Total Given
$313K
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Future Wave Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Future Wave Foundation to a real strategy.