Civic Intelligence

Wave Services Inc.

990 • Fiscal year 2019 • EIN 95-4315778

Aug 01, 2018 to Jul 31, 2019 • Filed on Jun 17, 2020

Organization ProfileWWW.PEPPERDINE.EDU

Refreshing map…

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

69th percentile

0.49x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

55.26x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

1st percentile

-196%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$1,081,658

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 213.7% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

10th percentile

-5.3%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$57,609,360

Down $3,254,767 (-5.3%) from 2018

Net Assets

Up

$29,638,404

Up $149,652 (+0.5%) from 2018

Liabilities

Down

$27,970,956

Down $3,404,419 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$506,135

Down $100,409 (-17%) from 2018

Expenses

Down

$1,495,763

Down $9,656,676 (-87%) from 2018

Net Income

Up

-$989,628

Up $9,556,267 (+91%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$200M$150M$100M$50M$0Assets 2011: $63,786,681Liabilities 2011: $35,574,933Net Assets 2011: $28,211,7482011Assets 2012: $65,336,796Liabilities 2012: $36,538,954Net Assets 2012: $28,797,8422012Assets 2013: $66,751,926Liabilities 2013: $31,313,055Net Assets 2013: $35,438,8712013Assets 2014: $68,805,235Liabilities 2014: $30,239,679Net Assets 2014: $38,565,5562014Assets 2015: $65,310,953Liabilities 2015: $24,972,349Net Assets 2015: $40,338,6042015Assets 2016: $67,598,638Liabilities 2016: $27,807,726Net Assets 2016: $39,790,9122016Assets 2017: $70,040,697Liabilities 2017: $31,298,172Net Assets 2017: $38,742,5252017Assets 2018: $60,864,127Liabilities 2018: $31,375,375Net Assets 2018: $29,488,7522018Assets 2019: $57,609,360Liabilities 2019: $27,970,956Net Assets 2019: $29,638,4042019Assets 2020: $70,472,313Liabilities 2020: $36,631,593Net Assets 2020: $33,840,7202020Assets 2021: $157,819,377Liabilities 2021: $83,996,477Net Assets 2021: $73,822,9002021Assets 2022: $134,331,794Liabilities 2022: $72,023,139Net Assets 2022: $62,308,6552022Assets 2023: $151,588,755Liabilities 2023: $66,580,227Net Assets 2023: $85,008,5282023Assets 2024: $162,494,218Liabilities 2024: $78,618,058Net Assets 2024: $83,876,1602024

Highlighted filing

2019

Assets$57,609,360
Liabilities$27,970,956
Net Assets$29,638,404
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

$40M$20M$0-$20MExpenses 2011: $702011Expenses 2012: $1502012Expenses 2013: $14,5332013Revenue 2014: $423,304Expenses 2014: $31,902Net Income 2014: $391,4022014Revenue 2015: $477,248Expenses 2015: $67,061Net Income 2015: $410,1872015Revenue 2016: $2,540,070Expenses 2016: $2,601,843Net Income 2016: -$61,7732016Revenue 2017: $439,658Expenses 2017: $116,167Net Income 2017: $323,4912017Revenue 2018: $606,544Expenses 2018: $11,152,439Net Income 2018: -$10,545,8952018Revenue 2019: $506,135Expenses 2019: $1,495,763Net Income 2019: -$989,6282019Revenue 2020: $5,338,126Expenses 2020: $1,007,069Net Income 2020: $4,331,0572020Revenue 2021: $36,251,844Expenses 2021: $2,109,896Net Income 2021: $34,141,9482021Revenue 2022: $1,167,234Expenses 2022: $6,828,782Net Income 2022: -$5,661,5482022Revenue 2023: $20,416,756Expenses 2023: $1,658,372Net Income 2023: $18,758,3842023Revenue 2024: $13,692,234Expenses 2024: $32,076Net Income 2024: $13,660,1582024

Highlighted filing

2019

Revenue$506,135
Expenses$1,495,763
Net Income-$989,628
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jun 17, 2020
Return Version
2018v3.3
Gross Receipts
$567,333
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,875,653$5,421,965▲ $3,546,312
Land, Buildings, and Equipment, Net$5,050,000$5,330,000▲ $280,000
Accounts Receivable$363,468$0▼ $363,468
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$60,864,127$57,609,360▼ $3,254,767
Other Assets Total$53,575,006$46,857,395▼ $6,717,611
Liabilities
Escrow Account Liability$31,326,151$27,920,333▼ $3,405,818
Deferred Revenue$48,868$50,267▲ $1,399
Accounts Payable and Accrued Expenses$356$356→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$31,375,375$27,970,956▼ $3,404,419
Net Assets / Fund Balance
Unrestricted Net Assets$13,709,234$13,906,647▲ $197,413
Temporarily Rstr Net Assets$10,525,258$10,592,064▲ $66,806
Permanently Rstr Net Assets$5,254,260$5,139,693▼ $114,567
Total Net Assets Fund Balance$29,488,752$29,638,404▲ $149,652
Total Liabilities and Net Assets / Fund Balance$60,864,127$57,609,360▼ $3,254,767

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,330,000--
Other Assets Org$3,921,419--
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Michael AdamsFormer Chairman
Charles J PippinVice Chairman and President
Dennis TorresFormer Vice President
Curt PortzelVice President
Joanna ElliottVice President
Samuel HinkleVice President
Andrew K BentonDirector
B Joseph RokusDirector
Harold R SmethillsDirector
James R PorterDirector
Paul B LasiterFormer Secretary/VP/CFO
Joan SingletonSecretary/VP/CFO
Diane CarterSenior Trust Officer
Faye HoltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,413
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$280,722
All Other Contributions
$225,413
Change in Net Assets
$-989,628

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$203,274Appraisal
Total Noncash Contributions1$203,274-

Audited Revenue Reconciliation

Revenue per Audited Statements
$-1,111,282
Revenue Not Reported on Financial Statements
$1,617,417
Revenue Not Reported on Form 990
$1,325,685
Other Revenue Adjustments
$1,617,417
Total Revenue per Audited Statements
$214,403
Total Revenue per Form 990
$506,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,492,210
Other Expenses$3,553
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,492,210--$1,492,210
Fees for Services Accounting-$3,000-$3,000
Other Expenses-$30-$30
Total Functional Expenses$1,492,210$3,553$0$1,495,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,495,763
Expenses Not Reported on Financial Statements$1,492,210
Other Expense Adjustments$1,492,210
Total Expenses per Audited Statements$64,751
Expenses Not Reported on Form 990$61,198
Expenses per Audited Statements$3,553
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pepperdine UniversityMalibu, CA501(c)(3)General Support$1,492,210
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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 7A - Power to Appoint Board Directors

“Directors shall be nominated by the president of pepperdine university and designated by the chairman 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 chairman of the board of regents of pepperdine university at the time of designation. Form 990, part vi, 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, Line 11B - Process to Review Form 990

“Wave services, 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, Lines 12A, 13 & 14 - Organization Policies

“Wave services, 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 applies to these individuals.”

Form 990, Part VI, Lines 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 directly, the responses for lines 15a and 15b have been answered as no.”

Form 990, Part VI, Line 19 - Docs Available for Public Inspection

“Wave services, inc. Is a subsidiary of pepperdine university. The organization does not have separate policies, and it follows pepperdine university's policies. The organization's financial statements were audited as part of the consolidated financial statements of pepperdine university. The university's financial statements are available via the university's website. The university does not make its conflict of interest policy and governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wave Services Inc
EIN
95-4315778
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
8187021350
Signed
2020-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Pippin
Formed
1991
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
3

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 XI, Line 9 - Other Changes in Net Assets

“Actuarial adjustment $984,487 crt maturity adjustment $(125,207) -------------- total $859,280”

Financial Statement Notes

Schedule D, Part IV, Line 2B - Escrow and Custodial Arrangements

“Wave services, inc. Acts as the fiscal agent for funds related to wave services, inc. Sponsored and/or affiliated programs. Wave services, inc. Does not own the funds associated with these programs.”

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

“Actuarial adjustment $984,487 rental expense reported as functional expense on fs $ 61,198 ------------- $1,045,685 SCHEDULE D, PART XI, LINE 4B - PRESENTATION DIFFERENCES ON FORM 990 PRIOR YEAR CRT MATURITY ADJUSTMENT $125,207 ANNUITY PYMTS REPORTED NET OF REV ON FS $1,492,210 -------------- $1,617,417 SCHEDULE D, PART XII, LINE 2D - PRESENTATION DIFFERENCES ON FORM 990 rental expense reported net of revenue on form 990 $ 61,198 SCHEDULE D, PART XII, LINE 4B - PRESENTATION DIFFERENCES ON FORM 990 ANNUITY PYMTS REPORTED GROSS ON FORM 990 $1,492,210”

Raw XML AppendixShowing 400 of 929 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/BOYAmt0356
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0356
IRS990/AccountsReceivableGrp/BOYAmt0363468
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0225413
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/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01875653
IRS990/CashNonInterestBearingGrp/EOYAmt05421965
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/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0225413
IRS990/CYGrantsAndSimilarPaidAmt01492210
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03553
IRS990/CYOtherRevenueAmt0280722
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-989628
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01495763
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0506135
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt048868
IRS990/DeferredRevenueGrp/EOYAmt050267
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0WAVE SERVICES, INC IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt031326151
IRS990/EscrowAccountLiabilityGrp/EOYAmt027920333
IRS990/ExpenseAmt01492210
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03000
IRS990/FeesForServicesAccountingGrp/TotalAmt03000
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt042.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt242.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt53.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt635.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt742.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt835.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt935.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1042.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1340.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.0
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd2X
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/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0154852
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1210256
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2371176
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt654275
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt741001
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt837386
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt932646
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1030781
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11145840
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12199472
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt138305
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES J PIPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm1SAMUEL HINKLE
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW K BENTON
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES R PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm4B JOSEPH ROKUS
IRS990/Form990PartVIISectionAGrp/PersonNm5HAROLD R SMETHILLS
IRS990/Form990PartVIISectionAGrp/PersonNm6CURT PORTZEL
IRS990/Form990PartVIISectionAGrp/PersonNm7JOANNA ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm8FAYE HOLTON
IRS990/Form990PartVIISectionAGrp/PersonNm9DIANE CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm10Joan Singleton
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm12Paul B Lasiter
IRS990/Form990PartVIISectionAGrp/PersonNm13Dennis Torres
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0544771
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1262793
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2710482
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6156054
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7159836
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8235993
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9158105
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10265982
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11272574
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12121770
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13102793
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR TRUST OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY/VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11FORMER CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER SECRETARY/VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13Former Vice President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt01492210
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01492210
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01492210
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0567333
IRS990/GrossRentsGrp/RealAmt0341046
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05050000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05330000
IRS990/LandBldgEquipCostOrOtherBssAmt05330000
IRS990/LegalDomicileStateCd0CA
IRS990/LessRentalExpensesGrp/RealAmt061198
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt029488752
IRS990/NetAssetsOrFundBalancesEOYAmt029638404
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0279848
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0279848
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0280000
IRS990/NoncashContributionsAmt0203274
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053575006
IRS990/OtherAssetsTotalGrp/EOYAmt046857395
IRS990/OtherChangesInNetAssetsAmt0859280
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Miscellaneous Expense
IRS990/OtherExpensesGrp/Desc1Taxes/Licenses/Fees
IRS990/OtherExpensesGrp/Desc2State Income Taxes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0272
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt230
IRS990/OtherExpensesGrp/TotalAmt0272
IRS990/OtherExpensesGrp/TotalAmt1251
IRS990/OtherExpensesGrp/TotalAmt230
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0874
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0874
IRS990/OtherRevenueTotalAmt0874
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt05254260
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05139693
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHARLES PIPPIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0319246
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000000
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt09152439
IRS990/PYOtherRevenueAmt0287298
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-10545895
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt011152439
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0606544
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-989628
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0279848
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
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/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0951644037
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01492210
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PEPPERDINE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01492210
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesNotReportedAmt061198
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01492210
IRS990ScheduleD/ExpensesSubtotalAmt03553
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0280000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,609,360
Liabilities
$27,970,956
Net assets
$29,638,404
Revenue
$506,135
Expenses
$1,495,763
Net income
-$989,628
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$78.6$83.9$13.7$0.03$13.7
2023Summary only. Only limited summary data is available for this year.$152$66.6$85.0$20.4$1.66$18.8
2022Summary only. Only limited summary data is available for this year.$134$72.0$62.3$1.17$6.83$5.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$158$84.0$73.8$36.3$2.11$34.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.5$36.6$33.8$5.34$1.01$4.33
2019Detailed filing. Detailed filing data is available for this year.$57.6$28.0$29.6$0.51$1.50$0.99
2018Summary only. Only limited summary data is available for this year.$60.9$31.4$29.5$0.61$11.2$10.5
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.0$31.3$38.7$0.44$0.12$0.32
2016Detailed filing. Detailed filing data is available for this year.$67.6$27.8$39.8$2.54$2.60$0.06
2015Detailed filing. Detailed filing data is available for this year.$65.3$25.0$40.3$0.48$0.07$0.41
2014Detailed filing. Detailed filing data is available for this year.$68.8$30.2$38.6$0.42$0.03$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$31.3$35.4$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.3$36.5$28.8$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$35.6$28.2$0.00