Making Waves Academy students at graduation

Our Financials

We believe financial transparency and accountability are critical and want you to be assured that your donation is being put to the best possible use. If you don’t find what you’re looking for here, please send us an email at finance@making-waves.org and we’ll do our best to answer your questions.

Financials At A Glance

In Fiscal Year 2023

We Raised

$23.6 million

We Invested

$14.5 million in operating expenses and $9.1 million in construction costs 

We Supported

515 Wave-Makers

in college with an average scholarship amount of

$3,900 per student

and one-to-one college, career, and financial coaching valued at

$5,300 per student

TOTAL ASSETS

$250.9 million 

84% Real Estate Assets (e.g., Making Waves Academy’s campus and the Foundation’s office) and 16% Other Assets

Allocation of Expenses

Pie chart with 82% Program Services $17,178,496 18% Management/Administration $3,729,388, 1% Fundraising $160,825 
Note: FY23 figures are unaudited

More Information

Fiscal Year 2023

Fiscal Year 2022

Fiscal Year 2021

Fiscal Year 2020

ABOUT MAKING WAVES EDUCATION FOUNDATION 

At Making Waves, we are committed to educational equity. Making Waves Education Foundation is a Bay Area nonprofit that supports Making Waves Academy – a public charter school with more than 1,100 5th through 12th grade students – and leads college and career programming with more than 430 college students.​
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Knowing the opportunities that come with a college degree, we partner with historically underrepresented and underserved students to help make college affordable and graduation attainable. Centering the journeys of our students, our personalized approach includes college and career coaching, scholarships, and financial planning.​
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Our alumni network includes more than 730 college graduates, who earn their degrees and land jobs at more than twice the rate of their first-generation, low-income peers, with 85% graduating debt-free.

NEWS AND STORIES THAT ARE MAKING WAVES

Our Mission

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Our Impact

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