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Wave Services Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954315778 ✦ Malibu, CA ✦ Designated as a 501(c)(3)

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Overview

What is Wave Services Inc?

Wave Services Inc, located in Malibu, California, serves as a supporting organization for Pepperdine University. Its primary role is to manage assets, generate income, and cover expenses exclusively for the benefit of the university. While not directly involved in charitable works or community outreach, Wave Services Inc plays a crucial role in supporting Pepperdine University's operations and growth.


Official website here: www.pepperdine.edu

Is Wave Services Inc legitimate?

Wave Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wave Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.pepperdine.edu

What is the mission statement of Wave Services Inc?

Wave Services Inc, serving as a supporting organization for Pepperdine University, primarily manages assets, generates income, and covers expenses for the benefit of the university. In essence, its role is to facilitate the financial wellbeing of Pepperdine University. While Wave Services Inc does not have a traditional mission statement like other charitable organizations, its primary function can be interpreted as contributing to the overall success and growth of Pepperdine University.


Official website here: www.pepperdine.edu

Who is the CEO of Wave Services Inc?

Sara Cosentino is the Director & Vice President of Wave Services Inc.


Official website here: www.pepperdine.edu

What is the revenue of Wave Services Inc?

Wave Services Inc's revenue in 2022 was $1,167,234.


Official website here: www.pepperdine.edu

Who are the executives of Wave Services Inc and what are their salaries?

There 3 volunteers at Wave Services Inc.


Here are 12 key members and their salaries:


James Gash (Director & Vice President)
  • Compensation: $0
  • Related: $586,932
  • Other: $341,897
Daniel Dewalt (Director & Vice President)
  • Compensation: $0
  • Related: $290,248
  • Other: $37,067
John Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Phillips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Welker (Chair As Of 12/21)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Hinkle (President Thru 12/21)
  • Compensation: $0
  • Related: $275,204
  • Other: $176,363
Charles Pippin (Vice President Thru 09/21)
  • Compensation: $0
  • Related: $323,750
  • Other: $47,254
Curt Portzel (Vice President Thru 11/21)
  • Compensation: $0
  • Related: $153,721
  • Other: $54,472
Faye Holton (Secretary & Treasurer)
  • Compensation: $0
  • Related: $199,917
  • Other: $33,805
Diane Carter (Senior Trust Officer)
  • Compensation: $0
  • Related: $160,458
  • Other: $30,796
Sara Cosentino (President As Of 12/21)
  • Compensation: $0
  • Related: $334,388
  • Other: $72,277
Andrew Benton (Former Director)
  • Compensation: $0
  • Related: $293,691
  • Other: $36,222


Official website here: www.pepperdine.edu

Where can I find the form 990 for Wave Services Inc?

Wave Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pepperdine.edu

Learn more at the official website: www.pepperdine.edu

Mission Statement of Wave Services Inc

Wave Services Inc, as a supporting organization of Pepperdine University, serves a unique role. Its mission, in essence, is to manage assets, generate income, and cover expenses solely for the benefit of Pepperdine University. By doing so, Wave Services Inc contributes to the overall well-being and success of the university, ensuring that it has the necessary resources to carry out its educational and academic objectives. In essence, Wave Services Inc acts as a financial steward, ensuring that Pepperdine University has the financial means to fulfill its mission and serve its students and community effectively.

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Impact




October, 2024

Wave Services Inc plays a crucial role in supporting Pepperdine University by managing assets, generating income, and covering expenses specifically for the university's benefit. This strategic financial management enables the university to enhance its educational offerings, invest in campus facilities, and provide resources for students and faculty. By ensuring that Pepperdine has the necessary funds for operational needs, Wave Services Inc directly contributes to the growth and sustainability of the institution, fostering an environment conducive to learning and development in Malibu, California.




This information is meant to be a general summary of Wave Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,167,234 (2022)
Expenses
$6,828,782 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,215,202

Assets and Liabilities:

  • Total Assets: $134,331,794
  • Total Liabilities: $72,023,139
  • Net Assets: $62,308,655

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Organization Details

Founding Year

1991

Principal Officer

Sara Cosentino

Main Address

24255 PACIFIC COAST HIGHWAY, MALIBU, CA, 902634497

NTEE Category

Code: B110 - Education

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