2023-06-13T09:59:10-05:00 2022-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2021-08-01 954274572 WAVE ENTERPRISES INC WAVE 3105064000 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 NICOLLE TAYLOR PRESIDENT 3105064000 2023-06-05 1 NICOLLE TAYLOR XXX-XX-XXXX DAVID M HIGHFILL P01517891 2139724000 2023-06-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NICOLLE TAYLOR 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 340771 0 X WWW.PEPPERDINE.EDU X 1989 CA WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 3 1 0 1 0 0 15464429 0 0 0 96029 111183 -521628 -570605 15038830 -459422 651942 56617 0 0 0 0 0 0 0 5530175 202601 6182117 259218 8856713 -718640 44595796 21848618 11152752 10436948 33443044 11411670 WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 0 0 56617 56617 0 WAVE ENTERPRISES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. AS SUCH, WAVE ENTERPRISES, INC. MANAGES ASSETS, EARNS INCOME, AND PAYS EXPENSES SOLELY FOR THE BENEFIT OF PEPPERDINE UNIVERSITY. 56617 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 1 2 0 0 0 0 0 X 3 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 CA X KATELYN CROWE CONTROLLER 8187021364 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 CHARLES PIPPIN CHAIRMAN & PRES THRU 09/21 1.00 41.00 X X 0 323750 47254 DANIEL DEWALT DIRECTOR & VP 1.00 41.00 X X 0 290248 37067 JAMES GASH DIRECTOR 1.00 41.00 X 0 586932 341897 DEE ANNA SMITH EX OFFICIO 1.00 1.00 X 0 0 0 HAROLD SMETHILLS VICE CHAIRMAN THRU 09/21 1.00 1.00 X X 0 0 0 T DANNY PHILLIPS CHAIR AS OF 10/21 THRU 04/22 1.00 1.00 X X 0 0 0 TERRY GILES DIRECTOR THRU 09/21 1.00 1.00 X 0 0 0 NICOLLE TAYLOR PRESIDENT AS OF 10/21 1.00 40.00 X 0 271841 34136 AARON WHITE GENERAL COUNSEL THRU 09/21 1.00 40.00 X 0 102616 39401 FAYE HOLTON SECRETARY 1.00 40.00 X 0 199917 33805 GREG RAMIREZ CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 299406 20178 JEFFREY ROHDE VICE PRESIDENT 1.00 40.00 X 0 259363 42412 LAURA PONDER CONTROLLER 1.00 40.00 X 0 204504 17760 ANDREW BENTON FORMER DIRECTOR 0.00 0.00 X 0 293691 36222 0 2832268 650132 0 1 1 0 DANIEL B STEPHENS & ASSOC INC 2777 E GUASTI ROAD STE 1 ONTARIO CA 91761 ENVIRONMENTAL 536128 G4S SECURE SOLUTIONS (USA) INC PO BOX 277469 ATLANTA GA 303847469 SECURITY 245214 M6 CONSULTING INC 4165 E THOUSAND OAKS BLVD WESTLAKE VILLAGE CA 91362 CONSULTING 133367 REAL HELP GROUP LLC 445 AVENIDA SEVILLA B LAGUNA WOODS CA 92637 CONSULTING 108575 4 72187 72187 221250 800193 -578943 -578943 -578943 38996 0 38996 38996 38996 OTHER REVENUE 900099 8338 8338 8338 -459422 0 0 -459422 X 56617 56617 27519 27519 30013 30013 85723 85723 53041 53041 OTHER EXPENSES 3553 3553 EQUIPMENT RENTAL & MAIN 2362 2362 TAXES, FEES, & LICENSES 390 390 259218 56617 202601 0 2104505 1077384 0 0 0 0 0 0 0 0 0 0 1174599 1147303 0 0 0 5281 20043145 525934 40988591 19517211 0 0 173101 101439 0 0 0 0 155000 0 44595796 21848618 3297909 3316568 0 0 15850 0 0 0 108144 0 0 0 0 0 0 0 7730849 7120380 11152752 10436948 X 33351876 11445899 91168 -34229 33443044 11411670 44595796 21848618 X -718640 -21319199 6465 X 0 1 X 1 0 X X X 1 PEPPERDINE UNIVERSITY 951644037 2 1 56617 0 1 56617 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 19280001 763144 525934 19517211 19517211 LONG-TERM PROPERTY TAX ASSESSMENT 2977153 LIABILITY FOR REMEDIATION COST 4143227 7120380 X -21040437 -21319199 806658 -20512541 -527896 68474 68474 -459422 990937 800193 800193 190744 68474 68474 259218 PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS: WAVE ENTERPRISES, INC. RECORDED A CUSTODIAL LIABILITY FOR A LIFE ESTATE THAT WAS SUBJECT TO THE LIFE INTEREST OF THE BENEFICIARY. BY JULY 31, 2022, THE LIABILITY WAS $0. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY, AND IS INCLUDED IN PEPPERDINE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. PEPPERDINE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING FOOTNOTE REGARDING A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FASB ASC 740: AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION, THE UNIVERSITY IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE (EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME). SINCE THE UNIVERSITY'S UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 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: ACTUARIAL ADJUSTMENT 6,465. RENTAL EXPENSE REPORTED AS FUNCTIONAL EXPENSE ON FINANCIAL STATEMENTS 800,193. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 6,900. ANNUITY FUNDS REPORTED AS REVENUE FOR BOOKS 49,716. OTHER EXPENSES REPORTED AS REVENUE FOR BOOKS 11,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET OF REVENUE ON FORM 990 800,193. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO PEPPERDINE REPORTED AS REVENUE ON FINANCIAL STATEMENTS 6,900. ANNUITY FUNDS REPORTED AS GRANTS FOR FINANCIAL STATEMENTS 49,716. OTHER EXPENSES REPORTED AS REVENUE FOR BOOKS 11,858. 1 PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 501(C)(3) 56617 0 N/A N/A INSTITUTIONAL SUPPORT 1 0 PART I, LINE 2: MONITORING USE OF FUNDS: GRANTS ARE MADE EXCLUSIVELY TO WAVE ENTERPRISES, INC.'S SUPPORTED ORGANIZATION, PEPPERDINE UNIVERSITY; THEREFORE, NO ADDITIONAL PROCESS IS REQUIRED TO DETERMINE ELIGIBILITY AND SELECTION CRITERIA FOR AWARDING GRANTS. 0 1 0 0 0 0 0 0 0 JAMES GASH DIRECTOR 0 448556 0 135750 0 2626 0 22217 0 319680 0 928829 0 0 CHARLES PIPPIN CHAIRMAN & PRES THRU 09/21 0 304252 0 0 0 19498 0 15331 0 31923 0 371004 0 0 ANDREW BENTON FORMER DIRECTOR 0 283357 0 0 0 10334 0 11400 0 24822 0 329913 0 0 DANIEL DEWALT DIRECTOR & VP 0 251351 0 24500 0 14397 0 17229 0 19838 0 327315 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 0 268021 0 30750 0 635 0 18052 0 2126 0 319584 0 0 NICOLLE TAYLOR PRESIDENT AS OF 10/21 0 246355 0 24844 0 642 0 16565 0 17571 0 305977 0 0 JEFFREY ROHDE VICE PRESIDENT 0 258190 0 750 0 423 0 17597 0 24815 0 301775 0 0 FAYE HOLTON SECRETARY 0 197325 0 750 0 1842 0 13207 0 20598 0 233722 0 0 LAURA PONDER CONTROLLER 0 196336 0 7750 0 418 0 7930 0 9830 0 222264 0 0 PART I, LINE 3 COMPENSATION OF THE ORGANIZATION'S CEO: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ALL OFFICERS AND COMPENSATED DIRECTORS ARE COMPENSATED BY PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED PLANS: PEPPERDINE UNIVERSITY HAD AN INCENTIVE COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. UNDER THE PLAN, UPON ACHIEVEMENT OF CERTAIN EXPECTATIONS AND GOALS, AND AT THE DISCRETION OF THE BOARD OF REGENTS, THE PARTICIPANT WOULD RECEIVE A UNIVERSITY CONTRIBUTION TO THE PLAN FOR THAT PLAN YEAR. UNIVERSITY CONTRIBUTIONS TO THE PLAN BECAME GRADUALLY VESTED BEGINNING WITH THE LAST DAY OF THE THIRD PLAN YEAR FOLLOWING THE CONTRIBUTION, AND VESTED FULLY AT THE COMPLETION OF THE SEVENTH PLAN YEAR FOLLOWING THE AWARD. WHEN THE EMPLOYEE ATTAINED THE AGE OF 62, THE ACCOUNT FULLY VESTED AND WAS FULLY PAID OUT TO THE EMPLOYEE. THE VESTING SCHEDULE WAS THEN ACCELERATED SUCH THAT THE EMPLOYEE WAS FULLY VESTED AFTER AGE 62. THIS INCENTIVE COMPENSATION PLAN ENDED EFFECTIVE AUGUST 1, 2022. NO AMOUNTS WERE AWARDED DURING CALENDAR YEAR 2021. FORM 990, PART I, LINE 6 - THE NUMBER OF VOLUNTEERS THE NUMBER OF VOLUNTEERS REPRESENTS THE NUMBER OF VOLUNTEER DIRECTORS ON THE BOARD OF DIRECTORS AS OF THE END OF THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 7A POWER TO APPOINT BOARD DIRECTORS: DIRECTORS SHALL BE NOMINATED BY THE PRESIDENT OF PEPPERDINE UNIVERSITY AND DESIGNATED BY THE CHAIR OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY. CHANGES IN THE DIRECTORS SHALL BE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY. EACH DIRECTOR SHALL HOLD OFFICE FOR A TERM OF THREE YEARS, OR SUCH SHORTER TERM AS MAY BE SPECIFIED BY THE CHAIR OF THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY AT THE TIME OF DESIGNATION, OR UNTIL A SUCCESSOR HAS BEEN DESIGNATED AND QUALIFIED. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE WITH AUTHORITY TO ACT: THE ORGANIZATION HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: WAVE ENTERPRISES, INC'S FORM 990 IS PREPARED BY A PAID PREPARER. ONCE COMPLETED, IT IS REVIEWED BY AN OFFICER OF THE ORGANIZATION. A FULL COPY OF FORM 990 IS THEN ELECTRONICALLY DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 ORGANIZATION POLICIES: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ALL OFFICERS AND DIRECTORS ARE EITHER EMPLOYED BY, OR ARE REGENTS OF, PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, AND DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE, WHICH APPLY TO THESE INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR EXECUTIVE COMPENSATION: ALL OFFICERS AND COMPENSATED DIRECTORS ARE COMPENSATED BY A RELATED ORGANIZATION, PEPPERDINE UNIVERSITY. SINCE THE ORGANIZATION DID NOT COMPENSATE THE INDIVIDUALS DESCRIBED ON LINES 15A AND 15B DIRECTLY, THE RESPONSE TO THE NOTED LINES IS "NO." FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION: WAVE ENTERPRISES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. THE ORGANIZATION DOES NOT HAVE SEPARATE POLICIES, AS IT FOLLOWS PEPPERDINE UNIVERSITY'S POLICIES. THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED AS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS OF PEPPERDINE UNIVERSITY. PEPPERDINE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE VIA THE UNIVERSITY'S WEBSITE. PEPPERDINE UNIVERSITY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,750. LEGAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 263. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 263. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 6,465. PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 EDUCATION CA 501(C)(3) LINE 2 N/A 0 WAVE SERVICES INC 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 954315778 SUPPORT CA 501(C)(3) LINE 12A, I PEPPERDINE 0 PEPPERDINE UNIVERSITY (USA) IN LONDONUK 56 PRINCES GATE LONDON UK SW72PG EDUCATION UK PEPPERDINE 0 CINDERELLA IMMOBILIARE SRL VIALE MILTON 41 FLORENCE IT 50129 EDUCATION IT PEPPERDINE 0 PEPPERDINE (SHANGHAI) CONSULTING CO LTD NR 66 LANE 532 YU YUAN ROAD SHANGHAI CH 200040 EDUCATION CH WAVE VENTURE 0 ANDURIL HOLDINGS LLC 310 ALDER ROAD PO BOX 841 DOVER DE 19904 010935824 INVESTMENTS DE N/A N/A 0 0 MELODEON LBS DE I HOLDCO LP 143 WEST STREET SUITE 202 NEW MILFORD CT 06776 841955404 INVESTMENTS CT N/A N/A 0 0 P-901 NORTH FAIRFAX CO-INVESTOR LLC 4700 WILSHIRE BLVD LOS ANGELES CA 90010 834222000 REAL ESTATE CA N/A N/A 0 0 P-1000 WASHINGTON CO-INVESTOR LLC 4700 WILSHIRE BLVD LOS ANGELES CA 90010 834571316 REAL ESTATE CA N/A N/A 0 0 PEPPERDINE UNIVERSITY SRL 11 DE SEPTIEMBRE 955 BUENOS AIRES AR (1426) CAP EDUCATION AR PEPPERDINE C 0 FUNDACION PEPPERDINE UNIVERSITY PARA 11 DE SEPTIEMBRE 955 BUENOS AIRES AR (1426) CAP EDUCATION AR PEPPERDINE C 0 REVOCABLE TRUST 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA PEPPERDINE T 0 CHARITABLE REMAINDER UNITRUSTS (2) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA PEPPERDINE T 0 CHARITABLE GIFT ANNUITIES (80) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA PEPPERDINE T 0 CHARITABLE REMAINDER UNITRUSTS (65) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 0 CHARITABLE REMAINDER ANNUITY TRUSTS (1) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 0 NIM CHARITABLE REMAINDER UNITRUSTS (4) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 PEPPERDINE UNIVERSITY J 149784 FMV PEPPERDINE UNIVERSITY R 62091 PRESENT VALUE PEPPERDINE UNIVERSITY B 56617 PRESENT VALUE