Civic Intelligence

Wave Property Inc

990 • Fiscal year 2020 • EIN 95-4297104

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 09, 2021

24255 Pacific Coast HighwayMalibu, CA 90263-4497

(310) 506-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.25x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

100th percentile

219%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

98th percentile

$1,350,622

Higher top officer pay than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

27th percentile

-0.0%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Down

$20,934,470

Down $3,970 (-0.0%) from 2019

Net Assets

Down

$15,674,617

Down $393,513 (-2.4%) from 2019

Liabilities

Up

$5,259,853

Up $389,543 (+8.0%) from 2019

Revenue

Up

-$179,989

Up $34,107 (+16%) from 2019

Expenses

Down

$213,524

Down $63,065 (-23%) from 2019

Net Income

Up

-$393,513

Up $97,172 (+20%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $11,608,895Liabilities 2011: $3,378,390Net Assets 2011: $8,230,5052011Assets 2012: $15,351,776Liabilities 2012: $3,738,004Net Assets 2012: $11,613,7722012Assets 2013: $11,958,333Liabilities 2013: $3,861,434Net Assets 2013: $8,096,8992013Assets 2014: $19,087,162Liabilities 2014: $4,757,844Net Assets 2014: $14,329,3182014Assets 2015: $16,909,381Liabilities 2015: $4,930,560Net Assets 2015: $11,978,8212015Assets 2016: $20,458,871Liabilities 2016: $3,585,435Net Assets 2016: $16,873,4362016Assets 2017: $22,279,956Liabilities 2017: $3,772,108Net Assets 2017: $18,507,8482017Assets 2018: $18,143,083Liabilities 2018: $4,284,268Net Assets 2018: $13,858,8152018Assets 2019: $20,938,440Liabilities 2019: $4,870,310Net Assets 2019: $16,068,1302019Assets 2020: $20,934,470Liabilities 2020: $5,259,853Net Assets 2020: $15,674,6172020

Highlighted filing

2020

Assets$20,934,470
Liabilities$5,259,853
Net Assets$15,674,617

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $588,833Expenses 2011: $182,244Net Income 2011: $406,5892011Revenue 2012: $558,851Expenses 2012: $302,544Net Income 2012: $256,3072012Expenses 2013: $157,5272013Revenue 2014: $281,873Expenses 2014: $138,089Net Income 2014: $143,7842014Revenue 2015: $88,967Expenses 2015: $239,464Net Income 2015: -$150,4972015Revenue 2016: $5,284,707Expenses 2016: $390,092Net Income 2016: $4,894,6152016Revenue 2017: $8,950Expenses 2017: $524,538Net Income 2017: -$515,5882017Revenue 2018: -$382,058Expenses 2018: $216,975Net Income 2018: -$599,0332018Revenue 2019: -$214,096Expenses 2019: $276,589Net Income 2019: -$490,6852019Revenue 2020: -$179,989Expenses 2020: $213,524Net Income 2020: -$393,5132020

Highlighted filing

2020

Revenue-$179,989
Expenses$213,524
Net Income-$393,513
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 9, 2021
Return Version
2019v5.2
Gross Receipts
$3,822
Mission and Program Overview

Mission

Wave property, inc. Is a supporting organization of pepperdine university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,934,437$20,934,437→ $0
Cash and Non-Interest-Bearing Accounts$4,003$0▼ $4,003
Accounts Receivable$0$33▲ $33
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$20,938,440$20,934,470▼ $3,970
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$4,870,310$5,249,853▲ $379,543
Deferred Revenue$0$10,000▲ $10,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,870,310$5,259,853▲ $389,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,068,130$15,674,617▼ $393,513
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$16,068,130$15,674,617▼ $393,513
Total Liabilities and Net Assets / Fund Balance$20,938,440$20,934,470▼ $3,970

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,934,437--
Other Land Buildings$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles PippinVice Chairman & President
Joanna ElliottVice President, Thru 12/19
Harold SmethillsDirector
Daniel DewaltDirector & VP, as of 12/19
James PorterDirector, 12/19 Thru 06/20
James GashDirector, as of 12/19
Jose CollazoDirector, Thru 05/20
Andrew BentonFormer Director
Faye HoltonSecretary, as of 12/19
Joan SingletonSecretary, VP, CFO, Thru 10/19

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-179,989
Change in Net Assets
$-393,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$-179,989
Revenue Not Reported on Form 990
$183,689
Total Revenue per Audited Statements
$3,700
Total Revenue per Form 990
$-179,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$125,077-$125,077
Interest-$56,860-$56,860
Fees for Services Accounting-$12,240-$12,240
Fees for Services Other-$10,800-$10,800
Other Expenses-$1,614-$1,614
Total Functional Expenses$0$213,524$0$213,524

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$397,213
Expenses per Audited Statements$213,524
Total Expenses per Form 990$213,524
Expenses Not Reported on Form 990$183,689
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Property Tax Assessment$3,159,811
Due to Pepperdine University$2,090,042
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 11B - PROCESS TO REVIEW form 990

Wave property, 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 all board members prior to filing with the internal revenue service.

Form 990, Part VI, Lines 12, 13 & 14 - Organization Policies

Wave property, inc. Is a subsidiary of pepperdine university. All officers and board members are 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 applies to these individuals.

Form 990, Part VI, Line 15A & 15B - 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, Line 19 - Docs Available for Public Inspection

Wave property, inc. Is a subsidiary of pepperdine university. The organization does not have separate policies, as it follows the policies of pepperdine university. 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.

Filing and Contact Details

Filer

Filer Name
Wave Property Inc
EIN
95-4297104
In Care Of
% LAURA PONDER
Phone
3105064000
Address
24255 PACIFIC COAST HIGHWAY, MALIBU, CA 90263-4497

Signing Officer

Name
Charles J Pippin
Title
Vice Chair/president
Phone
3105064000
Signed
2021-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Pippin
Formed
1990
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Kpmg Llp
Address
550 S Hope St Suite 1500, Los Angeles, CA 90071
Preparer
Carey Mckee
Phone
2139724000
Supplemental Narrative

Additional Explanations

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, 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, line 8b - committee with authority to act the organization has no committees with authority to act on behalf of the governing body.

Financial Statement Notes

Schedule D, Part XI, Line 2D - Presentation Differences on Form 990

Rental expenses reported as functional expense on fs $ 183,689 schedule d, part xii, line 2d - presentation differences on form 990 rental expenses reported net of revenue on form 990 $ 183,689

Raw XML AppendixShowing 400 of 763 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt033
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WAVE PROPERTY, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LAURA PONDER
IRS990/BooksInCareOfDetail/PhoneNum03105064000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt024255 PACIFIC COAST HIGHWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0MALIBU
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0902634497
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04003
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NONE
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0213524
IRS990/CYOtherRevenueAmt0-179989
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-393513
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0213524
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-179989
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt010000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0WAVE PROPERTY, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY AND AS SUCH MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT OF PEPPERDINE UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012240
IRS990/FeesForServicesAccountingGrp/TotalAmt012240
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt010800
IRS990/FeesForServicesOtherGrp/TotalAmt010800
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt142.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt242.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt342.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt441.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt542.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt642.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt73.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt93.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.0
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0217063
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1165078
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2306810
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt358635
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt539314
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt644586
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0ANDREW BENTON
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES PIPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES GASH
IRS990/Form990PartVIISectionAGrp/PersonNm3JOAN SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm4FAYE HOLTON
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL DEWALT
IRS990/Form990PartVIISectionAGrp/PersonNm6JOANNA ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm7HAROLD SMETHILLS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSE COLLAZO
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES PORTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt01133559
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1624484
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2218214
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3235386
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4237914
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5208957
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6169136
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, AS OF 12/19
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY, VP, CFO, THRU 10/19
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY, AS OF 12/19
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR & VP, AS OF 12/19
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT, THRU 12/19
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR, THRU 05/20
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR, 12/19 THRU 06/20
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03822
IRS990/GrossRentsGrp/RealAmt03822
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt056860
IRS990/InterestGrp/TotalAmt056860
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020934437
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020934437
IRS990/LandBldgEquipCostOrOtherBssAmt020934437
IRS990/LegalDomicileStateCd0CA
IRS990/LessRentalExpensesGrp/RealAmt0183811
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WAVE PROPERTY, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt016068130
IRS990/NetAssetsOrFundBalancesEOYAmt015674617
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-179989
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-179989
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016068130
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt015674617
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0125077
IRS990/OccupancyGrp/TotalAmt0125077
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Escrow Fees
IRS990/OtherExpensesGrp/Desc1Equipment Rental & Maintenance
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05233
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21614
IRS990/OtherExpensesGrp/TotalAmt05233
IRS990/OtherExpensesGrp/TotalAmt11700
IRS990/OtherExpensesGrp/TotalAmt21614
IRS990/OtherLiabilitiesGrp/BOYAmt04870310
IRS990/OtherLiabilitiesGrp/EOYAmt05249853
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHARLES PIPPIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0276589
IRS990/PYOtherRevenueAmt0-214096
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-490685
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0276589
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-214096
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-393513
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-179989
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0951644037
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PEPPERDINE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt020934437
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt020934437
IRS990ScheduleD/ExpensesNotReportedAmt0183689
IRS990ScheduleD/ExpensesSubtotalAmt0213524
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt0183689
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02090042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13159811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO PEPPERDINE UNIVERSITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PROPERTY TAX ASSESSMENT
IRS990ScheduleD/OtherRevenueAmt0183689
IRS990ScheduleD/RevenueNotReportedAmt0183689
IRS990ScheduleD/RevenueSubtotalAmt0-179989
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES REPORTED AS FUNCTIONAL EXPENSE ON FS $ 183,689 SCHEDULE D, PART XII, LINE 2D - PRESENTATION DIFFERENCES ON FORM 990 RENTAL EXPENSES REPORTED NET OF REVENUE ON FORM 990 $ 183,689
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI, LINE 2D - PRESENTATION DIFFERENCES ON FORM 990
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020934437
IRS990ScheduleD/TotalExpensesPerForm990Amt0213524
IRS990ScheduleD/TotalLiabilityAmt05249853
IRS990ScheduleD/TotalRevenuePerForm990Amt0-179989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0397213
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt21500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt315936
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt441920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt5469663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0399331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1202450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2188298
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3152640
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4216390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5194153
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt6484397

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings