2024-06-11T13:59:00-05:00 2023-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-08-01 954274572 WAVE ENTERPRISES INC WAVE 3105064000 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 NICOLLE TAYLOR PRESIDENT 3105064000 2024-06-10 1 NICOLLE TAYLOR XXX-XX-XXXX 0 DAVID M HIGHFILL P01517891 2139724000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICOLLE TAYLOR 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 236509 0 X WWW.PEPPERDINE.EDU X 1989 CA WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 3 1 0 1 0 0 0 4820 0 0 111183 133872 -570605 -247706 -459422 -109014 56617 6325 0 0 0 0 0 0 0 202601 954035 259218 960360 -718640 -1069374 21848618 22362756 10436948 11089681 11411670 11273075 WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 0 0 6325 6325 WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. AS SUCH, WAVE ENTERPRISES, INC. MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT OF PEPPERDINE UNIVERSITY. 6325 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 CA X KATELYN CROWE CONTROLLER 8187021364 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 DANIEL DEWALT DIRECTOR & VP 1.00 41.00 X X 0 337306 49169 JAMES GASH DIRECTOR 1.00 41.00 X 0 778582 340110 DEE ANNA SMITH EX OFFICIO 1.00 1.00 X 0 0 0 NICOLLE TAYLOR PRESIDENT 1.00 40.00 X 0 321344 45077 FAYE HOLTON SECRETARY & TREASURER 1.00 40.00 X 0 238556 41884 GREG RAMIREZ CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 350871 34257 JEFFREY ROHDE VICE PRESIDENT 1.00 41.00 X 0 406727 74045 LAURA PONDER CONTROLLER (THRU 12/22) 1.00 40.00 X 0 214472 27282 0 2647858 611824 0 0 1 0 DANIEL B STEPHENS & ASSOC INC 2777 E GUASTI ROAD STE 1 ONTARIO CA 91761 ENVIRONMENTAL 716524 UNIVERSAL PROTECTION SERVICE LP 450 EXCHANGE IRVINE CA 92602 SECURITY 285244 2 4820 4820 70443 70443 97817 345523 -247706 -247706 -247706 63429 0 63429 63429 63429 -109014 0 0 -113834 6325 6325 141583 141583 15209 15209 42900 42900 570407 570407 51634 51634 16944 16944 REAL ESTATE EXPENSES 89733 89733 EQUIPMENT RENTAL & MAIN 21001 21001 OTHER EXPENSES 4599 4599 TAXES, FEES, & LICENSES 25 25 960360 6325 954035 0 1077384 713156 1147303 1118263 5281 5180 20953145 542878 19517211 20410267 101439 115890 21848618 22362756 3316568 4937157 7120380 6152524 10436948 11089681 X 11445899 11307304 -34229 -34229 11411670 11273075 21848618 22362756 -1069374 930779 0 X 0 1 X 1 0 X X X 1 PEPPERDINE UNIVERSITY 951644037 2 1 6325 0 1 6325 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 20190001 763144 542878 20410267 20410267 LONG-TERM PROPERTY TAX ASSESSMENT 2883814 LIABILITY FOR REMEDIATION COST 3268710 6152524 X 1156363 930779 345523 1276302 -119939 10925 10925 -109014 1294958 345523 345523 949435 10925 10925 960360 PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY, AND IS INCLUDED IN PEPPERDINE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. PEPPERDINE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING FOOTNOTE REGARDING A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FASB ASC 740: AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION, THE UNIVERSITY IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE (EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME). SINCE THE UNIVERSITY'S UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 2023 AND 2022 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED AS FUNCTIONAL EXPENSE ON FINANCIAL STATEMENTS 345,523. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 6,325. OTHER EXPENSE REPORTED AS REVENUE FOR BOOKS 4,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF REVENUE ON FORM 990 345,523. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 6,325. OTHER EXPENSE REPORTED AS REVENUE FOR BOOKS 4,600. 1 PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 501(C)(3) 6325 0 N/A N/A INSTITUTIONAL SUPPORT 1 0 PART I, LINE 2: MONITORING USE OF FUNDS: GRANTS ARE MADE EXCLUSIVELY TO WAVE ENTERPRISES, INC.'S SUPPORTED ORGANIZATION, PEPPERDINE UNIVERSITY; THEREFORE, NO ADDITIONAL PROCESS IS REQUIRED TO DETERMINE ELIGIBILITY AND SELECTION CRITERIA FOR AWARDING GRANTS. 0 0 0 0 0 0 0 0 0 JAMES GASH DIRECTOR 0 483187 0 290970 0 4425 0 30500 0 309610 0 1118692 0 0 JEFFREY ROHDE VICE PRESIDENT 0 328942 0 77185 0 600 0 30500 0 43545 0 480772 0 0 DANIEL DEWALT DIRECTOR & VP 0 288707 0 45000 0 3599 0 29277 0 19892 0 386475 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 0 305021 0 45000 0 850 0 30461 0 3796 0 385128 0 0 NICOLLE TAYLOR PRESIDENT 0 275159 0 45000 0 1185 0 27822 0 17255 0 366421 0 0 FAYE HOLTON SECRETARY & TREASURER 0 227729 0 8000 0 2827 0 23264 0 18620 0 280440 0 0 LAURA PONDER CONTROLLER (THRU 12/22) 0 196539 0 4000 0 13933 0 18103 0 9179 0 241754 0 0 PART I, LINE 3 COMPENSATION OF THE ORGANIZATION'S CEO: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ALL OFFICERS AND COMPENSATED DIRECTORS ARE COMPENSATED BY PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. FORM 990, PART I, LINE 6 - THE NUMBER OF VOLUNTEERS THE NUMBER OF VOLUNTEERS REPRESENTS THE NUMBER OF VOLUNTEER DIRECTORS ON THE BOARD OF DIRECTORS AS OF THE END OF THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 7A POWER TO APPOINT BOARD DIRECTORS: DIRECTORS SHALL BE NOMINATED BY THE PRESIDENT OF PEPPERDINE UNIVERSITY AND DESIGNATED BY THE CHAIR OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY. CHANGES IN THE DIRECTORS SHALL BE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY. EACH DIRECTOR SHALL HOLD OFFICE FOR A TERM OF THREE YEARS, OR SUCH SHORTER TERM AS MAY BE SPECIFIED BY THE CHAIR OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY AT THE TIME OF DESIGNATION, OR UNTIL A SUCCESSOR HAS BEEN DESIGNATED AND QUALIFIED. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE WITH AUTHORITY TO ACT: THE ORGANIZATION HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: WAVE ENTERPRISES, INC'S FORM 990 IS PREPARED BY A PAID PREPARER. ONCE COMPLETED, IT IS REVIEWED BY AN OFFICER OF THE ORGANIZATION. A FULL COPY OF FORM 990 IS THEN ELECTRONICALLY DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 ORGANIZATION POLICIES: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ALL OFFICERS AND DIRECTORS ARE EITHER EMPLOYED BY, OR ARE REGENTS OF, PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, AND DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE, WHICH APPLY TO THESE INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR EXECUTIVE COMPENSATION: ALL OFFICERS AND COMPENSATED DIRECTORS ARE COMPENSATED BY A RELATED ORGANIZATION, PEPPERDINE UNIVERSITY. SINCE THE ORGANIZATION DID NOT COMPENSATE THE INDIVIDUALS DESCRIBED ON LINES 15A AND 15B DIRECTLY, THE RESPONSE TO THE NOTED LINES IS "NO." FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. THE ORGANIZATION DOES NOT HAVE SEPARATE POLICIES, AS IT FOLLOWS PEPPERDINE UNIVERSITY'S POLICIES. THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED AS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS OF PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE VIA THE UNIVERSITY'S WEBSITE. PEPPERDINE UNIVERSITY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. 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