Future Wave Foundation
Future Wave Foundation is a nonprofit organization, 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.
Future Wave Foundation at a glance
In short: Future Wave Foundation gave $15K across 2 grants in 2024 (avg $7K), mostly in California. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $14,739
- -10.5% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $7,370
- -10.5% vs 2023
- Median grant
- $7,370
- Total assets
- $1,918,036
- +5.1% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
Who Future Wave Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was SoLa I CAN Foundation LA Rams ($11K). Together the top 2 received $15K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Future Wave Foundation gives
- Giving fell 99% from 2021 to 2024. Method
- In 2022 it paid out 8% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $2K (2022) to $1.8M (2021). In 2024 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SoLa I CAN Foundation LA Rams Los Angeles, CA | Contribution | $11,470 |
| School Students Los Angeles, CA | Contribution | $3,269 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,918,036 | $232,887 | $139,355 | $14,739 | 2 | — | — | — |
| 2023 | $1,824,504 | $134,548 | $314,189 | $16,470 | 2 | $16,470 | — | — |
| 2022 | $2,004,224 | $187,878 | $213,733 | $2,460 | 1 | $2,460 | $39,787 | $31,237 |
| 2021 | $2,038,626 | $96,291 | $1,916,179 | $1,804,524 | 7 | $1,804,524 | — | $71,777 |
| 2020 | $3,862,428 | $2,098,705 | $2,545 | — | — | — | — | $37,156 |
Leadership & Key People
Officers and directors from IRS filings
Future Wave Foundation is led by Prabjoth K. Kothari, President & C.f.o. since 2024 (on filings since 2020); 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Prabjoth K. Kothari
President & C.f.o.
President → President & C.f.o., 2024
On filings since 2020
10 hrs/week
$28K (2022) → $32K (2024)
Ami Ruia
Secretary
New on the 2024 filing
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $32K, to Prabjoth K Kothari (President).
Frequently asked questions about Future Wave Foundation
How much does Future Wave Foundation give each year?
Future Wave Foundation gave $15K across 2 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $16K across 2 grants.
How large is Future Wave Foundation?
Future Wave Foundation reported $1.9M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $233K.
Where does Future Wave Foundation operate?
Future Wave Foundation has awarded grants in California, Kansas, Minnesota.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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