2025-06-05T14:49:41-05:00 2024-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-08-01 954274572 WAVE ENTERPRISES INC WAVE 3105064000 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 NICOLLE TAYLOR PRESIDENT 3105064000 2025-06-05 1 0 DAVID M HIGHFILL P01517891 2139724000 2025-06-05 2023 2025-03-06 01:10:19Z NICOLLE TAYLOR 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 213876 0 X WWW.PEPPERDINE.EDU X 1989 CA WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 3 1 0 1 0 0 4820 0 0 0 133872 156739 -247706 -126022 -109014 30717 6325 7953 0 0 0 0 0 0 0 954035 402783 960360 410736 -1069374 -380019 22362756 22459235 11089681 10883043 11273075 11576192 WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 0 0 7953 7953 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. 7953 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 13 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 & VICE PRESIDENT 1.00 41.00 X X 0 364776 66421 JAMES GASH DIRECTOR 1.00 41.00 X 0 793965 407584 DEE ANNA SMITH EX OFFICIO 1.00 1.00 X 0 0 0 NICOLLE TAYLOR PRESIDENT 1.00 40.00 X 0 356640 49666 JEFFREY ROHDE VICE PRESIDENT 1.00 41.00 X 0 401813 78755 FAYE HOLTON SECRETARY 1.00 40.00 X 0 248721 44320 GREG RAMIREZ CHIEF FINANCIAL OFFICER/TREASURER 1.00 40.00 X 0 383929 36892 0 2549844 683638 0 0 1 0 DANIEL B STEPHENS & ASSOC INC 2777 E GUASTI ROAD STE 1 ONTARIO CA 91761 ENVIRONMENTAL 762712 UNIVERSAL PROTECTION SERVICE LP 450 EXCHANGE IRVINE CA 92602 SECURITY 260688 2 68778 68778 57137 183159 -126022 -126022 -126022 87961 0 87961 87961 87961 30717 0 0 30717 7953 7953 9391 9391 15524 15524 6206 6206 246760 246760 50169 50169 16944 16944 24492 24492 EQUIPMENT RENTAL & MAIN 33037 33037 OTHER EXPENSES 235 235 TAXES, FEES, & LICENSES 25 25 410736 7953 402783 0 713156 300526 1118263 1087559 5180 21513145 559821 20410267 20953324 115890 117826 22362756 22459235 4937157 5266662 6152524 5616381 11089681 10883043 X 11307304 11610421 -34229 -34229 11273075 11576192 22362756 22459235 X -380019 569411 113725 X 0 1 X 1 0 X X X 1 PEPPERDINE UNIVERSITY 951644037 2 1 7953 0 1 7953 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 20750001 763144 559821 20953324 20953324 LONG-TERM PROPERTY TAX ASSESSMENT 2788706 LIABILITY FOR REMEDIATION COST 2827675 5616381 X 775334 569411 183159 752570 22764 7953 7953 30717 472217 69434 69434 402783 7953 7953 410736 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, 2024 AND 2023 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 183,159. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 7,953. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF REVENUE ON FORM 990 183,159. RECONCILING ADJUSTMENT -113,725. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 7,953. 1 PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 501(C)(3) 7953 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 526673 0 262350 0 4942 0 35000 0 372584 0 1201549 0 0 JEFFREY ROHDE VICE PRESIDENT 0 349094 0 52000 0 719 0 33000 0 45755 0 480568 0 0 DANIEL DEWALT DIRECTOR & VICE PRESIDENT 0 310262 0 50000 0 4514 0 31770 0 34651 0 431197 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER/TREASURER 0 332217 0 51000 0 712 0 33000 0 3892 0 420821 0 0 NICOLLE TAYLOR PRESIDENT 0 307343 0 48000 0 1297 0 31207 0 18459 0 406306 0 0 FAYE HOLTON SECRETARY 0 237315 0 8000 0 3406 0 24374 0 19946 0 293041 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. FORM 990, PART XI, LINE 9: RECONCILING ADJUSTMENT 113,725. 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