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Nonprofiteer
← WAVE SERVICES INC

Form 990 for tax year 2024

Filed by WAVE SERVICES INC.

Totals

Total revenue
$110,257
Total expenses
$345,918
Contributions and grants received
$110,257
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$147,877,725
Total liabilities, end of year
$73,085,514
Net assets or fund balances, end of year
$74,792,211
Program services expenses (Part IX)
$0
Management and general expenses
$345,918
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $110,257

  • 1g · Noncash contributions included above

    $84,896

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $346 · management and general $346

  • 11c · Fees: accounting

    total $16,472 · management and general $16,472

  • 24a · Other expenses: OTHER MISCELLANEOUS EXP

    total $328,700 · management and general $328,700

  • 24b · Other expenses: TAXES/LICENSES/FEES

    total $400 · management and general $400

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,299,702 · end of year $4,299,140

  • 4 · Accounts receivable

    beginning of year $229,266 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $566

  • 15 · Other assets

    beginning of year $159,965,250 · end of year $143,578,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,787,390

  • 19 · Deferred revenue

    beginning of year $2 · end of year $2

  • 21 · Escrow or custodial account liability

    beginning of year $78,618,056 · end of year $71,298,122

  • 27 · Net assets without donor restrictions

    beginning of year $2,528,968 · end of year $2,511,749

  • 28 · Net assets with donor restrictions

    beginning of year $81,347,192 · end of year $72,280,462

Mission and programs · 2024

Mission

WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY.

  • 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.

As filed on the 2024 return.

Listed in Part VII

  • James Gash

    DIRECTOR & VICE PRESIDENT

    Total calculated
    $1,323,005
    From this org
    $0
    From related orgs
    $917,815
    Other
    $405,190
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $562,795 related
    Bonus
    $0 + $350,000 related
    Other
    $0 + $5,020 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $370,690 related
    Filer's total
    $0 + $1,323,005 related

  • Daniel Dewalt

    DIRECTOR & VICE PRESIDENT

    Total calculated
    $458,169
    From this org
    $0
    From related orgs
    $389,748
    Other
    $68,421
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,877 related
    Bonus
    $0 + $61,000 related
    Other
    $0 + $4,871 related
    Deferred
    $0 + $33,471 related
    Nontaxable benefits
    $0 + $34,950 related
    Filer's total
    $0 + $458,169 related

  • John Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jay Welker

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sara Cosentino

    PRESIDENT

    Total calculated
    $480,989
    From this org
    $0
    From related orgs
    $399,210
    Other
    $81,779
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,360 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $1,850 related
    Deferred
    $0 + $32,538 related
    Nontaxable benefits
    $0 + $49,241 related
    Filer's total
    $0 + $480,989 related

  • Jeffrey Rohde

    SECRETARY

    Total calculated
    $524,413
    From this org
    $0
    From related orgs
    $447,528
    Other
    $76,885
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,718 related
    Bonus
    $0 + $71,000 related
    Other
    $0 + $810 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $42,385 related
    Filer's total
    $0 + $524,413 related

  • Susan Christopher

    VICE PRESIDENT

    Total calculated
    $217,227
    From this org
    $0
    From related orgs
    $195,173
    Other
    $22,054
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,056 related
    Bonus
    $0
    Other
    $0 + $1,117 related
    Deferred
    $0 + $17,671 related
    Nontaxable benefits
    $0 + $4,383 related
    Filer's total
    $0 + $217,227 related

  • Faye Holton

    TREASURER

    Total calculated
    $293,230
    From this org
    $0
    From related orgs
    $248,525
    Other
    $44,705
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,969 related
    Bonus
    $0
    Other
    $0 + $3,556 related
    Deferred
    $0 + $25,239 related
    Nontaxable benefits
    $0 + $19,466 related
    Filer's total
    $0 + $293,230 related

  • Diane Carter

    SENIOR TRUST OFFICER

    Total calculated
    $227,213
    From this org
    $0
    From related orgs
    $189,357
    Other
    $37,856
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,296 related
    Bonus
    $0
    Other
    $0 + $5,061 related
    Deferred
    $0 + $19,171 related
    Nontaxable benefits
    $0 + $18,685 related
    Filer's total
    $0 + $227,213 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE ORGANIZATION'S CEO: WAVE SERVICES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ALL OFFICERS ARE COMPENSATED BY PEPPERDINE UNIVERSITY. THE UNIVERSITY USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PEPPERDINE UNIVERSITY

    501(C)(3) · EDUCATION · CA

  • WAVE ENTERPRISES INC

    501(C)(3) · SUPPORT PEPPERDINE UNIVERSITY · CA

    Directly controlled by PEPPERDINE

  • PEPPERDINE UNIVERSITY (USA) IN LONDON

    EDUCATION · UK

    Directly controlled by PEPPERDINE

  • PEPPERDINE UNIVERSITY RWANDA CBC

    SOCIAL JUSTICE · RW

    Directly controlled by PEPPERDINE

  • PEPPERDINE GHANA LGB

    SOCIAL JUSTICE · GH

    Directly controlled by PEPPERDINE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ANDURIL HOLDINGS LLC

    N/A · INVESTMENTS · DE

  • MELODEON LBS DE I HOLDCO LP

    N/A · INVESTMENTS · CT

  • P-901 NORTH FAIRFAX CO-INVESTOR LLC

    N/A · REAL ESTATE · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PEPPERDINE UNIVERSITY SRL

    C · EDUCATION · AR

    Directly controlled by PEPPERDINE

  • FUNDACION PEPPERDINE UNIVERSITY PARA AMERICA LATINA

    C · EDUCATION · AR

    Directly controlled by PEPPERDINE

  • REVOCABLE TRUST

    T · INVESTING · CA

    Directly controlled by PEPPERDINE

  • IRREVOCABLE TRUSTS

    T · INVESTING · CA

    Directly controlled by WAVE SERVICES

  • CHARITABLE REMAINDER UNITRUSTS (1)

    T · INVESTING · CA

    Directly controlled by PEPPERDINE

  • CHARITABLE GIFT ANNUITIES (68)

    T · INVESTING · CA

    Directly controlled by PEPPERDINE

  • CHARITABLE REMAINDER UNITRUSTS (69)

    T · INVESTING · CA · controlled entity

    Directly controlled by WAVE SERVICES

  • CHARITABLE REMAINDER ANNUITY TRUSTS (1)

    T · INVESTING · CA · controlled entity

    Directly controlled by WAVE SERVICES

  • NET INCOME WITH MAKEUP CHARITABLE REMAINDER UNITRUST (4)

    T · INVESTING · CA · controlled entity

    Directly controlled by WAVE SERVICES

  • CINDERELLA IMMOBILIARE SRL

    C · EDUCATION · IT

    Directly controlled by PEPPERDINE

Provenance

Return type
form_990
Tax year
2024
Filed
9 June 2026
IRS schema version
2024v5.5
Source object
202641609349301959

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