September 19, 2023
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Financials At A Glance
In Fiscal Year 2022
$12.4 million in operating expenses
in college with an average scholarship amount of
$3,300 per student
and one-to-one coaching and financial coaching valued at
$4,700 per student
This primarily represents Making Waves Academy’s campus and the Foundation’s office
Allocation of Expenses
Note: FY22 figures are unaudited
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 500 college students.
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.
Our alumni network includes more than 600 college graduates, who earn their degrees and land jobs at more than twice the rate of their first-generation, low-income peers, with 84% graduating debt-free.