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Newwave Foundation Inc. is a private corporation based in WINDSOR MILL, MD. The foundation received its IRS ruling in 2015. The principal officer is Sherifah Munis. It holds total assets of $161K. Annual income is reported at $913. Total assets have grown from $37K in 2019 to $161K in 2024. The foundation is governed by 4 officers and trustees. Newwave foundation provides grants to various institutions. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Maryland, District of Columbia and Virginia. According to available records, Newwave Foundation Inc. has made 40 grants totaling $193K, with a median grant of $2K. Annual giving has grown from $43K in 2020 to $84K in 2022. Individual grants have ranged from N/A to $23K, with an average award of $5K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in District of Columbia, Maryland, Virginia, which account for 68% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$1K
Average Grant
$3K
Largest Grant
$16K
Based on 15 grants from the most recent 990-PF filing.
Newwave Foundation provides grants to various institutions.
Expenses: $44K
Newwave foundation provides grants to various institutions. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in DC, MD, VA.
Newwave Foundation Inc. has distributed a total of $193K across 40 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from N/A to $23K.
Newwave Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Newwave Foundation Inc. is headquartered in WINDSOR MILL, MD. While based in MD, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sherifah Munis | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
| Patrick B Munis | MEMBER | $0 | $0 | N/A |
| Cynthia Charchi | MEMBER | $0 | $0 | N/A |
| Padmanabhan Seshaiyer | MEMBER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$161K
Fair Market Value
N/A
Net Worth
$48K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
40
Total Giving
$193K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
31
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Leslie Winston IiiNWF PITCH PERFECT AWARD | Richmond, VA | $15K | 2022 |
| Collegebound FoundationNWF SCHOLARSHIPS | Washington, DC | $12K | 2022 |
| Tania ChackumkalNWF PITCH PERFECT AWARD | Brooklyn, NY | $10K | 2022 |
| Howard Community CollegeSCHOLARSHIP | Columbia, MD | $4K | 2022 |
| Open ParachuteMENTAL HEALTH PROGRAM ON BEHALF OF COLLEGEBOUND DC | Los Angeles, CA | $2K | 2022 |
| CollegeboundScholarship | Baltimore, MD | $23K | 2021 |
| Exta LlcGrant from business pitch competition | Washington, DC | $10K | 2021 |
| Collegebound DcNWF Scholarships | Nw Washington, DC | $10K | 2021 |
| Project SearchScholarship | Ellicott City, MD | $5K | 2021 |
| Haiti Relief InitiativeDonation for Haiti Relief Initiative | Marietta, GA | $3K | 2021 |
| Redeemers Community DevelopmentBusiness Pitch Competition Sponsorship | Silver Spring, MD | $3K | 2021 |
| Vaila Shoes LlcGrant from business pitch competition | Charlotte, NC | $3K | 2021 |
| Syc Soccer TeamScholarship | Lorton, VA | $2K | 2021 |
| Utah Parent CenterDonation | Murray, UT | $1K | 2021 |
| American Heart AssociationSponsorship for Annual AHA Event | Wallingford, CT | $1K | 2021 |
| Lance DavisGrant from business pitch competition | Grensboro, NC | $500 | 2021 |
| Maryland Stem FestivalSponsorship of the STEM of Many Colors | Columbia, MD | $250 | 2021 |
| Fair Lakes YouthSponsorship for STEM Robotics program FTC | Fairfax, VA | $200 | 2021 |
| Morgan StateDonation for Scholarships to MSU Foundation | Baltimore, MD | $3K | 2020 |
| Wheatley Education CampusGeneral operating support | Washington, DC | $2K | 2020 |
| Sycs Soccer TeamGeneral fee support | Lorton, VA | $2K | 2020 |
| The Arc Of Howard County IncProject SEARCH Howard Intern Sponsor Grant | Ellicott City, MD | $2K | 2020 |
| Missys MorselsDonation - Cromwell Elementary School for book purchase | Glen Burnie, MD | $2K | 2020 |
| Wheel Of Hope InitiativeSponsorship for school supplies | Beltsville, MD | $1K | 2020 |
| Share Our StrengthDonation to No Kid Hungry | Washington, DC | $1K | 2020 |
| Cdc FoundationDonation - COVID relief efforts | Atlanta, GA | $1K | 2020 |
| I Am We Are FoundationSponsorship | Washington, DC | $1K | 2020 |
| Computer Robotics ClubSponsorship | Princeton, NJ | $1K | 2020 |
| Australian Schools PlusDonation - after Australian wildfires | Sydney | $800 | 2020 |
| First Tech CollegeSponsorship | Fairfax, VA | $500 | 2020 |
| Zaching Against Cancer FoundationGeneral operating support | Columbia, MD | N/A | 2020 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD