2022-04-05T13:12:15-05:00 2021-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2020-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7144497400 2575 YORBA LINDA BLVD FULLERTON CA 92831 FRANK SCOTTI SR VP ADMIN & FINANCE, CFO 7144497400 2022-04-04 1 FRANK SCOTTI 999009999 PATRICIA J MAYER P00188643 8586271400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 55080287 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 HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. MBKU IS HOME TO THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY, THE SCHOOL OF PA STUDIES AND 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 PHARAMCY DEGREE. MBKU OWNS AND OPERATES TWO HEALTH CARE CENTERS: KETCHUM HEALTH IN ANAHEIM HILLS AND LOS ANGELES. 21 20 279 20 59368 53456 4018396 6798650 36759877 39393732 579103 394629 1098866 996294 42456242 47583305 493600 418700 0 0 26159210 28292156 0 0 599760 12533884 10704424 39186694 39415280 3269548 8168025 96735688 105970455 49967334 46589025 46768354 59381430 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 20104916 418700 36125883 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 2020, OUR TOTAL ENROLLMENT WAS 759 FULLTIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (412), PHYSICIAN ASSISTANT (PA) (122), PHARMACY (210), MASTER OF SCIENCE IN VISION SCIENCE (2) AND OUR INTERNATION PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (27).FOR THE 2020-21 ACADEMIC YEAR, WE GRADUATED 40 MEDICAL MASTER SCIENCE DEGREES AND PA CERTIFICATES, 98 DOCTOR OF OPTOMETRY DEGREES AND 47 DOCTOR OF PHARMACY DEGREES.ADMISSIONS PROCESS FOR FALL 2020 ENROLLMENT ARE REPORTED BELOW. AT THE OUTSET OF THE APPLICATION PERIOD, THE ADMISSIONS POLICY COMMITTEES ESTABLISH HIGH STANDARDS FOR GPAS, APPLICATION TEST SCORES AND ACADEMIC INDEX POINT MINIMUMS PROVIDING THRESHOLDS FOR ADMISSIONS PERSONNEL TO CAREFULLY SCREEN AND SELECT THE MOST QUALIFIED APPLICANTS TO INTERVIEW.PROGRAM: OPTOMETRYVERIFIED APPLICATIONS* 512INTERVIEWS CONDUCTED 281MATRICULATED CLASS 100PROGRAM: PAVERIFIED APPLICATIONS* 1,936INTERVIEWS CONDUCTED 175MATRICULATED CLASS 42PROGRAM: PHARMACYVERIFIED APPLICATIONS* 239INTERVIEWS CONDUCTED 140MATRICULATED CLASS 55*VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM(I.E., OPTOMCAS, CASPA, AND PHARMCAS). 7913960 3364433 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 3 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY AND LOS ANGELES, MANY LOCATED IN LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 24,011 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 $364,352 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 1,093 PATIENTS WERE SERVED THROUGH OUR 12 SCHOOL SCREENING PROGRAMS. 841225 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 46 FULL-TIME FACULTY. COLLEGE OF OPTOMETRY RESEARCH INCLUDED EXTERNAL NATIONAL INSTITUTE OF HEALTH (NIH) / NATIONAL EYE INSTITUTE (NEI) GRANTS INCLUDING SEVERAL MULTI-CENTER STUDIES COORDINATED BY THE PEDIATRIC EYE DISEASE INVESTIGATOR GROUP (E.G. IXT5 AND ATS 22). IN ADDITION, INDUSTRY CONTRACTS HAVE BEEN AWARDED TO FACULTY RESEARCHERS BY OPHTHALMIC AND PHARMACEUTICAL COMPANIES INCLUDING GYROSCOPE THERAPEUTICS, GOOD LITE AND NEVAKAR . RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM WHICH HAD A TOTAL OF 16 COMPLETED AND 11 ENROLLED STUDENTS. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $137,000 AND THERE WERE 34 TOTAL PEER-REVIEWED PUBLICATIONS. THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE. THE DEPARTMENT OF PHARMACY PRACTICE HAS 17 FULL-TIME FACULTY MEMBERS, WITH 15 AS PHARMACY CLINICAL FACULTY AND TWO NON-CLINICAL FACULTY MEMBERS. BETWEEN JULY 1, 2020 AND JUNE 30, 2021 THE PHARMACY PRACTICE FACULTY PRODUCED 17 PEER-REVIEWED WORKS. THESE PUBLICATIONS WERE COMPOSED OF MANUSCRIPTS IN JOURNALS AS WELL AS SEVERAL BOOK CHAPTERS IN PHARMACY PRACTICE OR PHARMACEUTICAL SCIENCE TEXTS. THE DEPARTMENT OF PHARMACY PRACTICE DID NOT HAVE EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS DUIRNG THIS REPORTING PERIOD. THE DEPARTMENT OF PHARMACEUTICAL SCIENCES (DPS) HAS 8 FULL-TIME FACULTY MEMBERS, DPS RESEARCH INCLUDED EXTERNAL GRANTS SUCH AS A NEW INVESTIGATOR AWARD (AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY) AND EARLY CAREER FACULTY GRANT (AMERICAN ASSOCIATION OF IMMUNOLOGISTS). TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $9,500 AND THERE WERE A TOTAL OF 8 PEER-REVIEWED PUBLICATIONS. 28860101 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 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 97 0 1 279 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 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 KEVIN ALEXANDER PRESIDENT 40.00 2.00 X 361771 0 235391 DR JENNIFER COYLE DEAN OF SCCO 40.00 0.00 X 317000 0 35136 DR EDWARD FISHER DEAN OF PHARMACY 40.00 0.00 X 301085 0 44908 DR JULIE SCHORNACK SR. VP & CHIEF OF STAFF 40.00 0.00 X 256505 0 45436 MR FRANK J SCOTTI SR. VP FOR ADMINISTRATION AND FINANCE & CFO 40.00 2.00 X 248107 0 38732 DR JUDY ORTIZ VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 230241 0 32263 DR MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00 0.00 X 210601 0 29804 DR SUSAN COTTER PROFESSOR, VISION THERAPY 40.00 0.00 X 198839 0 40732 DR DANIEL MAY TRUSTEE 4.00 0.00 X 80884 0 0 MR RICHARD PRICE CHAIRMAN OF THE BOARD 4.00 1.00 X X 3716 0 0 DR LYNN GABRIEL VICE CHAIR 6.00 2.00 X X 0 0 0 DR RAY BAKER SECRETARY/TREASURER 6.00 2.00 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 MS GAYE BREYMAN 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 MS FRANCES HUNTER TRUSTEE 4.00 0.00 X 0 0 0 DR DUNCAN JOHNSON TRUSTEE 4.00 1.00 X 0 0 0 MR RICHARD JONES TRUSTEE 4.00 0.00 X 0 0 0 DR AKIO KANAI TRUSTEE 4.00 0.00 X 0 0 0 MR ROBERT KEMP 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 6.00 2.00 X 0 0 0 MORRIS APPLEBAUM TRUSTEE 4.00 0.00 X 0 0 0 2208749 0 502402 81 0 1 0 CERTIFIED MAINTENANCE SERVICES INC 1900 EAST WARNER AVE 1-J SANTA ANA CA 92705 JANITORIAL/HOUSEKEEPING SERVICES 273082 SINCERUS SOLUTIONS INC 625 FAIR OAKS AVE SUITE 288 SOUTH PASADENA CA 91030 TEMPORARY STAFFING 139974 PRECISION SECURITY AND PROTECTIVE SERVIC 27248 VALDERRAMA DRIVE VALENCIA CA 91381 SECURITY SERVICES 136583 ONTARIO REFRIGERATION SERVICES INC 635 S MOUNTAIN AVENUE ONTARIO CA 91762 HVAC MAINTENANCE & REPAIRS 124607 MG MAKO 14555 VALLEY VIEW AVENUE STE H SANTA FE SPRINGS CA 90670 PAINTING SERVICES 109393 6 1198925 4598690 1001035 6798650 TUITION AND FEES 611600 35798185 35798185 EYE CARE CENTERS 621300 3349088 3349088 CONTINUING EDUCATION 611430 246459 246459 39393732 398096 398096 350 350 564115 67225 496890 496890 496890 7327986 7327986 3467 0 -3467 -3467 -3467 101419 98304 3115 -19450 22565 PARKING REVENUE 812930 116034 116034 ADVERTISING 541800 36803 36803 343102 343102 495939 47583305 39490316 59368 1234971 418700 418700 1215132 80884 1134248 21748680 17550334 3825429 372917 1572009 1514558 25581 31870 2241353 1579214 575553 86586 1514982 1076752 415574 22656 32879 32879 101702 101702 26499 26499 869426 439766 392476 37184 62505 1867 60395 243 404950 240670 129921 34359 1278630 371341 907289 1049396 937680 98310 13406 9180 7369 1272 539 1308797 1308797 2697140 2274945 422195 497299 497299 EYE CARE CLINIC MATERIA 936107 936107 EQUIPMENT 504774 504774 DUES AND SUBSCRIPTIONS 332738 332738 592402 592402 39415280 28860101 9955419 599760 5368242 6591273 11076209 24409478 937526 857653 1807190 943235 5638832 4455278 465326 345823 221150 463370 87440455 40222274 48954299 47218181 21629672 20138445 226926 226926 410316 320793 96735688 105970455 5020902 5438628 673028 3675908 25600000 25600000 7683750 6877750 3967260 0 7022394 4996739 49967334 46589025 X 28574140 37431318 18194214 21950112 46768354 59381430 96735688 105970455 X 8168025 4100958 344093 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2241715 X X 0 23489448 291697 2867731 381055 73278 26194543 23988090 190061 -186537 411305 90861 23489448 24209240 87539 697707 325777 680619 23988090 23634869 173184 1192254 293756 497311 24209240 19679573 2817149 1400084 261937 23634869 0.57242 0.20282 0.22476 0 0 6771257 6771257 60458438 26045802 34412636 19522125 14176472 5345653 688635 688635 47218181 FEDERAL ADVANCES FOR STUDENT LOANS 4085071 ANNUITIES PAYABLE 911668 4996739 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, 2021 AND 2020. 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 1 PRIVATE SCHOLARSHIPS 139 418700 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. PART III, COLUMN C: OF THIS AMOUNT, $44,800 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 0 0 DR KEVIN ALEXANDER PRESIDENT 347871 0 0 0 13900 0 165650 0 69741 0 597162 0 0 0 DR JENNIFER COYLE DEAN OF SCCO 317000 0 0 0 0 0 25650 0 9486 0 352136 0 0 0 DR EDWARD FISHER DEAN OF PHARMACY 300185 0 0 0 900 0 25650 0 19258 0 345993 0 0 0 DR JULIE SCHORNACK SR. VP & CHIEF OF STAFF 255605 0 0 0 900 0 23908 0 21528 0 301941 0 0 0 MR FRANK J SCOTTI SR. VP FOR ADMINISTRATION AND FINANC 247207 0 0 0 900 0 22770 0 15962 0 286839 0 0 0 DR JUDY ORTIZ VP FOR ACADEMIC AFFAIRS 229341 0 0 0 900 0 14159 0 18104 0 262504 0 0 0 DR MARK NAKANO ASSOCIATE DEAN OF CLINICS 209701 0 0 0 900 0 19165 0 10639 0 240405 0 0 0 DR SUSAN COTTER PROFESSOR, VISION THERAPY 198839 0 0 0 0 0 19204 0 21528 0 239571 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 $61,391 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 2020. A CITY OF FULLERTON PUBLIC FINANCING AUTHORITY 956000711 NONEAVAIL 2015-01-23 25536000 SEE PART VI 0 0 0 A 1160000 25536000 512000 18696851 6327149 2016 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF FULLERTON PUBLIC FINANCING AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/21/2020 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: THE NET PROCEEDS WERE USED TO DEFEASE THE $15,435,000 BALANCE OF OUTSTANDING PRINCIPLE OF THE REMARKETED 2004 SERIES REVENUE BONDS AND TO ESTABLISH A PROJECT FUND FOR ADDITIONAL CAPITAL EXPENDITURES. SCHEDULE K, PART V: THE UNIVERSITY IS CURRENTLY IN THE PROCESS OF ADOPTING WRITTEN BOND PROCEDURES FOR VCAP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990. PRIOR TO SUBMITTING TO 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. 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 2021. 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 344,093. 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 1198925 CASH