2023-05-11T14:05:59-05:00 2022-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2021-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7144497400 2575 YORBA LINDA BLVD FULLERTON CA 92831 FRANK SCOTTI SR VP ADMIN & FINANCE, CFO 7144497400 2023-05-10 1 FRANK SCOTTI 999009999 PATRICIA J MAYER P00188643 8586271400 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 43781159 0 X WWW.KETCHUM.EDU X 1904 CA THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTHCARE IN AN INTERPROFESSIONAL ENVIRONMENT. MBKU IS HOME TO THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY, THE SCHOOL OF PA STUDIES, AND THE COLLEGE OF PHARMACY. THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY CONFERS A DOCTOR OF OPTOMETRY AND A MASTER OF SCIENCE IN VISION SCIENCE DEGREE. THE SCHOOL OF PA STUDIES AWARDS A MASTER OF MEDICAL SCIENCES DEGREE, AND THE COLLEGE OF PHARMACY AWARDS A DOCTOR OF PHARMACY DEGREE. MBKU OWNS AND OPERATES TWO HEALTHCARE CENTERS: KETCHUM HEALTH IN ANAHEIM HILLS AND THE UNIVERSITY EYE CENTER IN LOS ANGELES. 14 13 286 13 93830 86759 6798650 2723293 39393732 38403234 394629 770917 996294 668784 47583305 42566228 418700 434250 0 0 28292156 27511873 0 0 643274 10704424 12449499 39415280 40395622 8168025 2170606 105970455 104882934 46589025 46440692 59381430 58442242 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 21359116 434250 35301615 GRADUATE EDUCATION: THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT, AND THE CURRICULUM HAS BEEN ESTABLISHED TO ACHIEVE THIS GOAL. IN ADDITION TO THE RIGOROUS ACADEMIC AND CLINICAL CURRICULUM ON CAMPUS, ALL PROFESSIONAL STUDENTS ROTATE THROUGH SEVERAL EXTERNAL CLINICAL SITES TO BROADEN AND DIVERSIFY THEIR LEARNING EXPERIENCES TO PREPARE THEM FOR CAREERS IN HEALTH CARE. IN THE FALL OF 2021, OUR TOTAL ENROLLMENT WAS 706 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (400), PHYSICIAN ASSISTANT (PA) (121), PHARMACY (180), MASTER OF SCIENCE IN VISION SCIENCE (0), AND OUR INTERNATION PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (5). FOR THE 2021-22 ACADEMIC YEAR, WE GRADUATED 41 MEDICAL MASTER'S SCIENCE DEGREES AND PA CERTIFICATES, 104 DOCTOR OPTOMETRY DEGREES, 55 DOCTOR OF PHARMACY DEGREES, 6 MASTER OF SCIENCE IN VISION SCIENCE, AND 9 MASTER OF SCIENCE IN CLINICAL OPTOMETRY. THE ADMISSIONS PROCESS FOR FALL 2021 ENROLLMENT IS REPORTED BELOW. AT THE OUTSET OF THE APPLICATION PERIOD, THE ADMISSIONS POLICY COMMITTEES ESTABLISH STANDARDS FOR GPAS, APPLICATION TEST SCORES, IF APPLICABLE, AND ACADEMIC INDEX POINT MINIMUMS PROVIDING THRESHOLDS FOR ADMISSIONS PERSONNEL TO CAREFULLY SCREEN AND SELECT THE MOST QUALIFIED APPLICANTS TO INTERVIEW.PROGRAM: OPTOMETRY VERIFIED APPLICATIONS* 542 INTERVIEWS CONDUCTED 257 MATRICULATED CLASS 103 PROGRAM: PA VERIFIED APPLICATIONS* 1,936 INTERVIEWS CONDUCTED 176 MATRICULATED CLASS 40PROGRAM: PHARMACY VERIFIED APPLICATIONS* 244 INTERVIEWS CONDUCTED 222 MATRICULATED CLASS 35 *VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM(I.E., OPTOMCAS, CASPA, AND PHARMCAS). 8407655 3287669 CLINICAL EDUCATION VISION/PATIENT CARE: AFFILIATED WITH THE EDUCATION PROGRAM, THE UNIVERSITY OPERATES FULL-SERVICE VISION CLINICS ON ITS ORANGE COUNTY CAMPUS AND IN DOWNTOWN LOS ANGELES, PLUS 4 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY AND LOS ANGELES, MANY LOCATED IN LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 27,677 UNIQUE ENCOUNTERS. COMPREHENSIVE VISION SERVICES INCLUDE PRIMARY EYE CARE AND SPECIALIZED PATIENT SERVICES: BASIC VISION EXAMINATION; PEDIATRIC VISION SCREENING, VISION CARE AND VISION THERAPY; OCULAR DISEASE DIAGNOSIS AND TREATMENT AND OPHTHALMOLOGY CONSULTATION; CONTACT LENSES AND PROSTHETICS FITTING; LOW VISION REHABILITATION AND EYEWEAR AND OPTICAL DISPENSING. THE VISION CLINICS PROVIDED $569,997 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 2,109 PATIENTS WERE SERVED THROUGH OUR 18 SCHOOL SCREENING PROGRAMS. 893703 RESEARCH: THE UNIVERSITY SUPPORTS RESEARCH WITHIN THE THREE UNIVERSITY PROGRAMS, THE COLLEGES OF OPTOMETRY AND PHARMACY AND THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES. THE UNIVERSITY PROVIDES ADMINISTRATIVE, PHYSICAL AND FINANCIAL RESOURCES TO FACULTY AND STUDENTS WHO ENGAGE IN RESEARCH.THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY AT MBKU HAS 47 FULL-TIME FACULTY. A TOTAL OF 16 FACULTY STUDIES WERE ACTIVE DURING THE YEAR, THAT INCLUDED EXTERNALLY-FUNDED STUDIES (E.G., GRANTS FROM NIH, PROFESSIONAL ORGANIZATIONS, FOUNDATIONS AND INDUSTRY), AND SELF-FUNDED STUDIES. THE MS IN VISION SCIENCE PROGRAM HAD 12 PROJECTS ACTIVE DURING THE YEAR AND THERE WERE 3 ACTIVE STUDENT RESEARCH ELECTIVES. TOTAL EXTERNAL GRANT REVENUE FOR THE PERIOD WAS $ 85,637 AND THERE WERE 11 PEER-REVIEWED PUBLICATIONS.THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE.THE DEPARTMENT OF PHARMACY PRACTICE HAS 18 FULL-TIME FACULTY MEMBERS, WITH 16 AS PHARMACY CLINICAL FACULTY AND TWO NON-CLINICAL FACULTY MEMBERS. DURING THE YEAR PHARMACY PRACTICE FACULTY PRODUCED 17 PEER-REVIEWED WORKS. THE DEPARTMENT OF PHARMACY PRACTICE DID NOT HAVE EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS DURING THIS REPORTING PERIOD.THE DEPARTMENT OF PHARMACEUTICAL SCIENCES (DPS) HAS 7 FULL-TIME FACULTY MEMBERS WHOSE RESEARCH INCLUDED EXTERNAL GRANTS SUCH AS ONE FROM THE US DEPARTMENT OF AGRICULTURE. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $51,000 AND THERE WERE A TOTAL OF 5 PEER-REVIEWED PUBLICATIONS.THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES (SPAS) AT MBKU HAD 10 FULL-TIME AND 3 PART-TIME FACULTY. SCHOLARLY RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTERS CAPSTONE PROJECT (MCP) WHICH HAD A TOTAL OF 8 COMPLETED AND 38 ENROLLED STUDENTS. THERE WAS NO DIRECT GRANT REVENUE FOR THE PERIOD AND THERE WERE 7 TOTAL PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS. 30660474 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 105 0 1 286 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X LORI JACKLIN 7144637541 5460 E LA PALMA AVE ANAHEIM CA 92807 DR DANIEL MAY TRUSTEE 4.00 0.00 X 83565 0 0 MR RICHARD PRICE CHAIRMAN OF THE BOARD 6.00 2.00 X X 3546 0 0 DR LYNN GABRIEL VICE CHAIR 6.00 1.00 X X 0 0 0 DR RAY BAKER SECRETARY/TREASURER 6.00 0.00 X X 0 0 0 DR WYNETTE AUGUSTINE TRUSTEE 4.00 0.00 X 0 0 0 DR CINDY BLANCQ TRUSTEE 4.00 0.00 X 0 0 0 DR WALTER BUSTER TRUSTEE 4.00 0.00 X 0 0 0 DR GENE CALKINS TRUSTEE 4.00 1.00 X 0 0 0 MR DAVID GIBSON TRUSTEE 4.00 0.00 X 0 0 0 DR JOSEPH MALLINGER TRUSTEE 4.00 0.00 X 0 0 0 DR DAWN MILLER TRUSTEE 4.00 0.00 X 0 0 0 JUDGE CAROL NAJERA TRUSTEE 4.00 0.00 X 0 0 0 DR GLENDA SECOR TRUSTEE 4.00 0.00 X 0 0 0 DR RODNEY TAHRAN TRUSTEE 4.00 0.00 X 0 0 0 DR KEVIN ALEXANDER PRESIDENT 40.00 2.00 X 368614 0 241619 MR FRANK J SCOTTI SR. VP FOR ADMINISTRATION AND FINANCE & CFO 40.00 2.00 X 260286 0 33740 DR JULIE SCHORNACK SR. VP & CHIEF OF STAFF 40.00 0.00 X 266503 0 37217 DR EDWARD FISHER DEAN OF PHARMACY 40.00 0.00 X 312738 0 38888 DR JENNIFER COYLE DEAN OF SCCO 40.00 0.00 X 315385 0 35153 DR JUDY ORTIZ VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 244544 0 34254 DR MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00 0.00 X 212928 0 28033 DR SUSAN COTTER PROFESSOR, VISION THERAPY 40.00 0.00 X 203329 0 32380 2271438 0 481284 95 0 1 0 CERTIFIED MAINTENANCE SERVICES INC 13845 ALTON PARKWAY IRVINE CA 92618 JANITORIAL/HOUSEKEEPING SERVICES 435705 G & G SECURITY INC 1030 N MOUNTAIN AVE 157 ONTARIO CA 91762 SECURITY PERSONEL TO SUPPORT SECURITY TE 211690 LCS CONSTRUCTORS INC 15205 ALTON PARKWAY IRVINE CA 92618 GENERAL CONTRACTOR 158134 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 AUDITOR/TAX PROVIDER 143965 ONTARIO REFRIGERATION SERVICES INC 635 S MOUNTAIN AVE ONTARIO CA 91762 HVAC MAINTENANCE & REPAIRS 113514 5 223134 1249769 522681 727709 2723293 TUITION AND FEES 611600 34432541 34432541 EYE CARE CENTERS 621300 3748503 3748503 CONTINUING EDUCATION 611430 222190 222190 38403234 770917 770917 197 197 582362 208590 373772 373772 373772 851432 851432 0 23144 223134 112604 -89460 -89460 76941 42305 34636 9657 24979 PARKING REVENUE 812930 176393 176393 ADVERTISING 541800 68851 68851 104395 104395 349639 42566228 38589284 93830 1159821 434250 434250 1292323 83565 1208758 20847238 17581073 2890819 375346 1627807 1590436 37371 2250327 1609270 552823 88234 1494178 1061966 409867 22345 119125 119125 39203 39203 962401 486795 434448 41158 119151 3559 115128 464 470173 279433 150847 39893 977976 284025 693951 1232885 1101634 115500 15751 37822 30362 5241 2219 424734 154402 249839 20493 827084 827084 2489172 2099531 389641 556950 556950 EYE CARE CLINIC MATERIA 936326 936326 DUES AND SUBSCRIPTIONS 351597 351597 LOSS ON FINANCING OF BO 332650 332650 EQUIPMENT 59698 59698 2512552 2512552 40395622 30660474 9091874 643274 6591273 7538305 24409478 24151952 857653 728597 943235 888003 4455278 3973046 345823 386934 463370 781871 87888364 42684847 47218181 45203517 20138445 20162128 226926 226926 320793 841655 105970455 104882934 5438628 5370431 3675908 3728235 25600000 28505000 6877750 4564878 4996739 4272148 46589025 46440692 X 37431318 38201620 21950112 20240622 59381430 58442242 105970455 104882934 X 2170606 -2987439 -122355 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2271739 X X 0 23694542 228876 -1383141 255503 495014 21789760 23489448 291697 2867731 381055 2573279 23694542 23988090 190061 -186537 411305 90861 23489448 24209240 87539 697707 325777 680619 23988090 23634869 173184 1192254 293756 497311 24209240 0.54488 0.25445 0.20067 0 0 6771257 6771257 60720015 27792302 32927713 20181371 14892545 5288826 215721 215721 45203517 FEDERAL ADVANCES FOR STUDENT LOANS 3472381 ANNUITIES PAYABLE 769462 OPERATING LEASE LIABILITIES 30305 4272148 X PART III, LINE 4: THE LIBRARY IS AN ESSENTIAL FUNCTION OF THE EDUCATIONAL PROCESS. PART V, LINE 4: THE UNIVERSITY HAS UTILIZED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. AS A RESULT, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT, OVER THE LONG-TERM ALLOW IT TO GROW AT A RATE EXCEEDING EXPECTED INFLATION. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY, AS WELL AS, TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSE (UNRELATED BUSINESS TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAXES. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MBKU CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. SO WE HAVE SATISFIED THE PUBLICITY REQUIREMENT BY COMPLYING WITH SECTION 4.02 REV. PROC. 75-50, 1975-2 C.B. 587. SCHEDULE E, PART I, LINE 6 MARSHALL B. KETCHUM UNIVERSITY RECEIVES AID TO ASSIST STUDENTS WITH TUITION, LIVING EXPENSES, AND BOOKS AND MATERIALS GALA 246278 223134 23144 10150 36424 3519 62511 246278 223134 23144 10150 36424 3519 62511 112604 -89460 1 PRIVATE SCHOLARSHIPS 115 380200 SCHOLARSHIPS 51 54050 PART I, LINE 2: GRANTS AND FINANCIAL AID ARE AWARDED TO STUDENTS. THESE FUNDS ARE THEN USED FOR TUITION AND OTHER EXPENSES RELATED TO EDUCATION (BOOKS, LAB EQUIPMENT, ETC). FUNDS ARE GENERALLY NOT ACTUALLY RELEASED TO THE STUDENTS, BUT ARE USED TO OFFSET TUITION COSTS BY THE FINANCIAL AID OFFICE. ADDITIONALLY, IF WE ARE THE RECIPIENT OF GRANTS (RESEARCH AND OTHERWISE), THE PI OR APPROPRIATE AUTHORITY FAMILIAR WITH THE GRANT ENSURES GRANT COMPLIANCE IN ACCORDANCE WITH THE GRANT DOCUMENT. FOR CLINIC RELATED GRANTS, REVIEW/APPROVAL IS BY JOAN RUBIO, VP OF ADVANCEMENT. PART III, COLUMN C: OF THIS AMOUNT, $54,050 ARE FOR AWARDS THAT WERE RELEASED DIRECTLY TO STUDENTS. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DR KEVIN ALEXANDER PRESIDENT 354714 0 0 0 13900 0 166100 0 75519 0 610233 0 0 0 DR EDWARD FISHER DEAN OF PHARMACY 305662 0 6176 0 900 0 26100 0 12788 0 351626 0 0 0 DR JENNIFER COYLE DEAN OF SCCO 309146 0 5339 0 900 0 26100 0 9053 0 350538 0 0 0 DR JULIE SCHORNACK SR. VP & CHIEF OF STAFF 265603 0 0 0 900 0 24429 0 12788 0 303720 0 0 0 MR FRANK J SCOTTI SR. VP FOR ADMINISTRATION AND FINANC 252973 0 6413 0 900 0 23843 0 9897 0 294026 0 0 0 DR JUDY ORTIZ VP FOR ACADEMIC AFFAIRS 243644 0 0 0 900 0 22957 0 11297 0 278798 0 0 0 DR MARK NAKANO ASSOCIATE DEAN OF CLINICS 212028 0 0 0 900 0 19371 0 8662 0 240961 0 0 0 DR SUSAN COTTER PROFESSOR, VISION THERAPY 203329 0 0 0 0 0 19592 0 12788 0 235709 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE MBKU PRESIDENT LIVES IN A HOME OWNED BY THE UNIVERSITY AT NO COST. THE UNIVERSITY PAYS FOR UTILITIES AND MAINTENANCE OF THE GROUNDS. THE HOUSE SERVES AS A VENUE FOR MANY UNIVERSITY FUNCTIONS AND EVENTS AND HAS AN OFFICE FOR THE USE OF THE PRESIDENT AFTER REGULAR WORK HOURS AND WEEKENDS. THE VALUE OF THE HOUSING PROVIDED TO THE PRESIDENT IS $66,401 AND IS INCLUDED IN THE COMPENSATION INFORMATION PRESENTED IN PART VII OF THE FORM 990 AND IN SCHEDULE J. PART I, LINE 4B THE PRESIDENT OF THE UNIVERSITY, KEVIN ALEXANDER, PARTICIPATES IN A 457(F) PLAN. TOTAL CONTRIBUTIONS OF $140,000 WERE MADE FOR 2021. PART I, LINE 7 BONUSES ARE DISCRETIONARY AND APPROVED BY THE PRESIDENT FOR ANY EMPLOYEE OTHER THAN THE PRESIDENT. IF THE PRESIDENT IS AWARDED A BONUS, IT IS APPROVED BY THE BOARD. A CITY OF FULLERTON PUBLIC FINANCING AUTHORITY 911917687 359816DE2 2021-09-15 33221377 SEE PART VI 0 0 0 A 6951383 33221377 570182 1 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: THE NET PROCEEDS WERE USED TO REFINANCE THE $25,600,000 SERIES 2015A (TAX-EXEMPT BONDS) AND $6,910,000 SERIES 2015B (TAXABLE BONDS) BALANCES OF OUTSTANDING PRINCIPLE AND TO ESTABLISH A PROJECT FUND FOR ADDITIONAL CAPITAL EXPENDITURES. NEW TAX EXEMPT BOND ISSUE RETIRED PRIOR TAXABLE BOND SERIES 2015B IN THE AMOUNT OF $6,951,383. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT INCLUDING THE SR. VP FOR ADMINISTRATION AND FINANCE. PRIOR TO SUBMITTING TO THE IRS, THE FINAL FORM 990 IS SENT TO THE ENTIRE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO THE BOARD OF DIRECTORS TO BE COMPLETED ANNUALLY. UPON THE DISCLOSURE OF ANY CONFLICT OF INTEREST, THE MATTER IS DISCUSSED WITH THE CHAIRMAN OF THE BOARD. IF A PERSON HAS A CONFLICT OF INTEREST THEY ARE NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 UNIVERSITY PRESIDENT SALARY IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IN ADDITION, THE PRESIDENT'S CONTRACT IS ESTABLISHED AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED MARCH 2021. OTHER OFFICERS AND KEY EMPLOYEES SALARIES ARE DETERMINED AND APPROVED BY THE UNIVERSITY PRESIDENT. COMPENSATION IS DETERMINED BY USING COMPARABLE DATA AND INDEPENDENT COMPENSATION STUDIES. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED FEBRUARY 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE UNIVERSITY'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES -122,355. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS. SCCO COLLEGE PROPERTIES INC 2575 YORBA LINDA BLVD FULLERTON CA 92831 953549243 TITLE HOLDING COMPANY CA 501(C)(2) N/A MARSHALL B KETCHUM UNIVERSITY 1 CHARITABLE REMAINDER UNITRUST (3) CHARRITABLE TRUST CA T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCCO COLLEGE PROPERTIES INC C 1249769 CASH