2025-06-05T13:40:01-05:00 2024-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-08-01 954315778 WAVE SERVICES INC WAVE 3105064000 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 SARA COSENTINO PRESIDENT 3105064000 2025-06-05 1 0 DAVID M HIGHFILL P01517891 2139724000 2025-06-03 2023 2025-03-06 01:10:19Z SARA COSENTINO 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 13692234 0 X WWW.PEPPERDINE.EDU X 1991 CA WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 4 2 0 3 0 0 20487136 13494987 0 0 160000 0 -230380 197247 20416756 13692234 607512 0 0 0 0 0 0 0 0 1050860 32076 1658372 32076 18758384 13660158 151588755 162494218 66580227 78618058 85008528 83876160 WAVE SERVICES, INC. IS A SUPPORTING ORGANIZATION OF PEPPERDINE UNIVERSITY. 0 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. 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 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 JAMES GASH DIRECTOR & VICE PRESIDENT 1.00 41.00 X X 0 793965 407584 DANIEL DEWALT DIRECTOR & VICE PRESIDENT 1.00 41.00 X X 0 364776 66421 JOHN LEWIS DIRECTOR 1.00 1.00 X 0 0 0 JAY WELKER CHAIR 1.00 1.00 X X 0 0 0 FAYE WILLIAMS CRADDOLPH DIRECTOR (THRU 09/23) 1.00 1.00 X 0 0 0 SARA COSENTINO PRESIDENT 1.00 40.00 X 0 356844 84664 JEFFREY ROHDE SECRETARY 1.00 41.00 X 0 401813 78755 SUSAN CHRISTOPHER VICE PRESIDENT (AS OF 07/23) 5.00 35.00 X 0 187130 10867 FAYE HOLTON TREASURER 5.00 36.00 X 0 248721 44320 DIANE CARTER SENIOR TRUST OFFICER 5.00 35.00 X 0 181056 37294 0 2534305 729905 0 0 1 0 0 13494987 5166650 13494987 MISCELLANEOUS REVENUE 900099 197247 197247 197247 13692234 0 0 197247 15752 15752 15524 15524 OTHER MISCELLANEOUS EXP 800 800 32076 0 32076 0 6029552 2299702 4435529 229266 141123674 159965250 151588755 162494218 2 2 66580225 78618056 66580227 78618058 X 10465080 2528968 74543448 81347192 85008528 83876160 151588755 162494218 X 13660158 -14792526 X 0 1 X 1 0 X X X 1 PEPPERDINE UNIVERSITY 951644037 2 1 0 24804095 1 0 24804095 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COL (VI): ANNUITY FUNDS TRANSFERRED TO SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 ASSETS HELD AS TRUSTEE / AGENT 159965250 159965250 X -1100292 10011569 10011569 -11111861 24804095 24804095 13692234 32076 0 32076 0 32076 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, 2024 AND 2023 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 10,011,569. PART XI, LINE 4B - OTHER ADJUSTMENTS: ANNUITY FUNDS RELEASED TO RELATED ORG, REPORTED AS REV ON FINANCIAL STMTS 24,804,095. 0 0 0 0 0 0 0 0 0 JAMES GASH DIRECTOR & VICE PRESIDENT 0 526673 0 262350 0 4942 0 35000 0 372584 0 1201549 0 0 JEFFREY ROHDE SECRETARY 0 349094 0 52000 0 719 0 33000 0 45755 0 480568 0 0 SARA COSENTINO PRESIDENT 0 316766 0 39000 0 1078 0 31700 0 52964 0 441508 0 0 DANIEL DEWALT DIRECTOR & VICE PRESIDENT 0 310262 0 50000 0 4514 0 31770 0 34651 0 431197 0 0 FAYE HOLTON TREASURER 0 237315 0 8000 0 3406 0 24374 0 19946 0 293041 0 0 DIANE CARTER SENIOR TRUST OFFICER 0 176347 0 0 0 4709 0 18277 0 19017 0 218350 0 0 SUSAN CHRISTOPHER VICE PRESIDENT (AS OF 07/23) 0 186773 0 0 0 357 0 8171 0 2696 0 197997 0 0 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. X 4100 FAIR MARKET VALUE X 2 62550 FAIR MARKET VALUE X 2 5100000 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: WAVE SERVICES, INC. REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE INDIVIDUAL NUMBER OF ITEMS INCLUDED IN THOSE CONTRIBUTIONS. PART I, LINE 32B: WAVE SERVICES, INC. IS A SUBSIDIARY OF PEPPERDINE UNIVERSITY. ACCORDINGLY, PEPPERDINE UNIVERSITY SOLICITS NONCASH CONTRIBUTIONS ON BEHALF OF WAVE SERVICES, INC. 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 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. FORM 990, PART XI, LINE 9: ANNUITY FUNDS TRANSFERRED TO RELATED ORGANIZATION -24,804,095. ACTUARIAL ADJUSTMENT 10,011,569. PEPPERDINE UNIVERSITY 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 951644037 EDUCATION CA 501(C)(3) LINE 2 N/A 0 WAVE ENTERPRISES INC 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 954274572 SUPPORT PEPPERDINE UNIVERSITY CA 501(C)(3) LINE 12A, I PEPPERDINE 0 PEPPERDINE UNIVERSITY (USA) IN LONDON 56 PRINCES GATE LONDON UK SW72PG EDUCATION UK PEPPERDINE 0 CINDERELLA IMMOBILIARE SRL VIALE MILTON 41 FLORENCE IT 50129 EDUCATION IT PEPPERDINE 0 PEPPERDINE UNIVERSITY RWANDA CBC REMERA GASABO UMUJYI WA KIGALI RW 981769828 SOCIAL JUSTICE RW PEPPERDINE 0 PEPPERDINE GHANA LGB GA-118-3363 NUMBER 23 NORTEI ABAB ACCRA GH 981792404 SOCIAL JUSTICE GH PEPPERDINE 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 PEPPERDINE UNIVERSITY SRL 11 DE SEPTIEMBRE 955 BUENOS AIRES AR (1426) CAP EDUCATION AR PEPPERDINE C 0 FUNDACION PEPPERDINE UNIVERSITY PARA AMERICA LATINA 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 IRREVOCABLE TRUSTS 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 22520036 1.00000 1 CHARITABLE REMAINDER UNITRUSTS (2) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA PEPPERDINE T 0 CHARITABLE GIFT ANNUITIES (71) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA PEPPERDINE T 0 CHARITABLE REMAINDER UNITRUSTS (66) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 1 CHARITABLE REMAINDER ANNUITY TRUSTS (1) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 1 NET INCOME WITH MAKEUP CHARITABLE REMAINDER UNITRUST (4) 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 INVESTING CA WAVE SERVICES T 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 PEPPERDINE UNIVERSITY P 504972 FMV PEPPERDINE UNIVERSITY S 1399812 CASH TRANSFER PEPPERDINE UNIVERSITY R 24804095 PRESENT VALUE