Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Refreshing map…
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.54x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 79.6% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Flat$134,331,794
Flat from 2022
Net Assets
Flat$62,308,655
Flat from 2022
Liabilities
Flat$72,023,139
Flat from 2022
Revenue And Expenses
Revenue
Flat$1,167,234
Flat from 2022
Expenses
Flat$6,828,782
Flat from 2022
Net Income
Flat-$5,661,548
Flat from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2021 to Jul 31, 2022
- Signed
- Jun 13, 2023
- Return Version
- 2021v4.2
- Gross Receipts
- $1,215,202
Mission and Program Overview
Mission
Wave services, inc. Is a supporting organization of pepperdine university.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $9,836,783 | $6,792,400 | ▼ $3,044,383 |
| Land, Buildings, and Equipment, Net | $6,000,000 | $6,340,000 | ▲ $340,000 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Accounts Receivable | $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 | $157,819,377 | $134,331,794 | ▼ $23,487,583 |
| Other Assets Total | $141,982,594 | $121,199,394 | ▼ $20,783,200 |
| Liabilities | |||
| Escrow Account Liability | $83,127,999 | $69,441,944 | ▼ $13,686,055 |
| Accounts Payable and Accrued Expenses | $800,218 | $2,518,415 | ▲ $1,718,197 |
| Deferred Revenue | $68,260 | $62,780 | ▼ $5,480 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $83,996,477 | $72,023,139 | ▼ $11,973,338 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $58,854,598 | $51,757,339 | ▼ $7,097,259 |
| Net Assets Without Donor Restrictions | $14,968,302 | $10,551,316 | ▼ $4,416,986 |
| Total Net Assets Fund Balance | $73,822,900 | $62,308,655 | ▼ $11,514,245 |
| Total Liabilities and Net Assets / Fund Balance | $157,819,377 | $134,331,794 | ▼ $23,487,583 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $6,340,000 | - | - |
| Other Assets Org | $121,199,394 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jay Welker | Chair as of 12/21 |
| Sara Cosentino | President as of 12/21 |
| Samuel Hinkle | President Thru 12/21 |
| Daniel Dewalt | Director & Vice President |
| James Gash | Director & Vice President |
| Charles Pippin | Vice President Thru 09/21 |
| Curt Portzel | Vice President Thru 11/21 |
| John Lewis | Director |
| Timothy Phillips | Director |
| Andrew Benton | Former Director |
| Faye Holton | Secretary & Treasurer |
| Diane Carter | Senior Trust Officer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $909,157
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $258,077
- All Other Contributions
- $780
- Change in Net Assets
- $-5,661,548
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $-11,839,184
- Revenue Not Reported on Financial Statements
- $13,006,418
- Revenue Not Reported on Form 990
- $387,968
- Other Revenue Adjustments
- $13,006,418
- Total Revenue per Audited Statements
- $-11,451,216
- Total Revenue per Form 990
- $1,167,234
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $6,813,719 |
| Other Expenses | $15,063 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $6,813,719 | - | - | $6,813,719 |
| Fees for Services Accounting | - | $13,871 | - | $13,871 |
| Other Expenses | - | $402 | - | $402 |
| Total Functional Expenses | $6,813,719 | $15,063 | $0 | $6,828,782 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $6,828,782 |
| Expenses Not Reported on Financial Statements | $6,813,721 |
| Other Expense Adjustments | $6,813,721 |
| Total Expenses per Audited Statements | $63,029 |
| Expenses Not Reported on Form 990 | $47,968 |
| Expenses per Audited Statements | $15,061 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Pepperdine University | Malibu, CA | 501(c)(3) | Institutional Support | $6,813,719 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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 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, 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
“Committees 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 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 distributed electronically to all board members prior to filing with the internal revenue service.”
Form 990, Part VI, Section B, Line 12
“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 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 services, 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 consolidated 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 Services Inc
- EIN
- 95-4315778
- Phone
- 3105064000
- Address
- 24255 PACIFIC COAST HIGHWAY, MALIBU, CA 90263-4497
Signing Officer
- Name
- Sara Cosentino
- Title
- President
- Phone
- 3105064000
- Signed
- 2023-06-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Sara Cosentino
- Formed
- 1991
- Legal Domicile
- CA
- Voting Board Members
- 5
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 3
Preparer
- Firm
- Kpmg Llp
- Address
- 550 SOUTH HOPE STREET SUITE 1500, LOS ANGELES, CA 90071
- Preparer
- David M Highfill
- Phone
- 2139724000
Supplemental Narrative
Additional Explanations
Form 990, Part I, Line 6- 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 XI, LINE 9:
“Actuarial adjustment -6,192,697.”
Financial Statement Notes
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.”
PART X, LINE 2:
“Liability for uncertain tax positions: wave services, 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, 2022 and 2021 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 47,968.”
PART XI, LINE 4B - OTHER ADJUSTMENTS:
“Actuarial adjustment 6,192,697. Annuity payments reported as revenue on financial statements 1,813,719. Distribution expense reported as revenue on financial statements 5,000,002.”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Rental expense reported net of revenue on form 990 47,968.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“Annuity payments reported as revenue on financial statements 1,813,719. Distribution expense reported as revenue on financial statements 5,000,002.”
Raw XML AppendixShowing 400 of 883 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 800218 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2518415 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. |
| IRS990/AllOtherContributionsAmt | 0 | 780 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KATELYN CROWE CONTROLLER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8187021364 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 24255 PACIFIC COAST HIGHWAY |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MALIBU |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 902634497 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 9836783 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 6792400 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 909157 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 6813719 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 15063 |
| IRS990/CYOtherRevenueAmt | 0 | 258077 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -5661548 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 6828782 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1167234 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 68260 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 62780 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. AS SUCH, WAVE SERVICES, INC. MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT OF PEPPERDINE UNIVERSITY. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 58854598 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 51757339 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 83127999 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 69441944 |
| IRS990/ExpenseAmt | 0 | 6813719 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 13871 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 13871 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282FiledCnt | 0 | 1 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 1 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 41.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 41.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 41.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 36.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 341897 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 37067 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 176363 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 47254 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 54472 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 33805 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 30796 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 72277 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 36222 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES GASH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DANIEL DEWALT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JOHN LEWIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TIMOTHY PHILLIPS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JAY WELKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SAMUEL HINKLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CHARLES PIPPIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CURT PORTZEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | FAYE HOLTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DIANE CARTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | SARA COSENTINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | ANDREW BENTON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 586932 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 290248 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 275204 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 323750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 153721 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 199917 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 160458 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 334388 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 293691 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR & VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR & VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIR AS OF 12/21 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT THRU 12/21 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | VICE PRESIDENT THRU 09/21 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE PRESIDENT THRU 11/21 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | SECRETARY & TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SENIOR TRUST OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | PRESIDENT AS OF 12/21 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | FORMER DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1991 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 1 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 6813719 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 6813719 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 6813719 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1215202 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 302581 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 6000000 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 6340000 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 6340000 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 47968 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 73822900 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 62308655 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 254613 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 254613 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 340000 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 14968302 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 10551316 |
| IRS990/NoncashContributionsAmt | 0 | 780 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 141982594 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 121199394 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -6192697 |
| IRS990/OtherExpensesGrp/Desc | 0 | TAXES/LICENSES/FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER MISCELLANEOUS EXP |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 790 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 402 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 790 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 402 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 3464 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 3464 |
| IRS990/OtherRevenueTotalAmt | 0 | 3464 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | SARA COSENTINO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 36102735 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 2095491 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 14405 |
| IRS990/PYOtherRevenueAmt | 0 | 149109 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 34141948 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 2109896 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 36251844 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -5661548 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/RelatedOrganizationsAmt | 0 | 908377 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 254613 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/IRSWrittenDeterminationInd | 0 | X |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 951644037 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 2 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 6813719 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | PEPPERDINE UNIVERSITY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 6813719 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 6340000 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 6340000 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 47968 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 6813721 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 15061 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 340000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 121199394 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | ASSETS HELD AS TRUSTEE / AGENT |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 47968 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 6813721 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 47968 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 13006418 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 387968 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 13006418 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | -11839184 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | LIABILITY FOR UNCERTAIN TAX POSITIONS: WAVE SERVICES, 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, 2022 AND 2021 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | RENTAL EXPENSE REPORTED AS FUNCTIONAL EXPENSE ON FINANCIAL STATEMENTS 47,968. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | ACTUARIAL ADJUSTMENT 6,192,697. ANNUITY PAYMENTS REPORTED AS REVENUE ON FINANCIAL STATEMENTS 1,813,719. DISTRIBUTION EXPENSE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 5,000,002. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 4 | RENTAL EXPENSE REPORTED NET OF REVENUE ON FORM 990 47,968. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 5 | ANNUITY PAYMENTS REPORTED AS REVENUE ON FINANCIAL STATEMENTS 1,813,719. DISTRIBUTION EXPENSE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 5,000,002. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 6340000 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 121199394 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 6828782 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1167234 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | -11451216 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 63029 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 6813719 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | INSTITUTIONAL SUPPORT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | PEPPERDINE UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 951644037 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 24255 PACIFIC COAST HIGHWAY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | MALIBU |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 90263 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | N/A |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | MONITORING USE OF FUNDS: GRANTS ARE MADE EXCLUSIVELY TO WAVE SERVICES, INC.'S SUPPORTED ORGANIZATION, PEPPERDINE UNIVERSITY; THEREFORE, NO ADDITIONAL PROCESS IS REQUIRED TO DETERMINE ELIGIBILITY AND SELECTION CRITERIA FOR AWARDING GRANTS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $134,331,794
- Liabilities
- $72,023,139
- Net assets
- $62,308,655
- Revenue
- $1,167,234
- Expenses
- $6,828,782
- Net income
- -$5,661,548