2020-04-07T09:59:08-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE FLOOR 32 MILWAUKEE WI 53202 990 2018-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7144497400 2575 YORBA LINDA BLVD FULLERTON CA 92831 FRANK J SCOTTI SR VP ADMIN. & FINANCE, CFO 7144497400 2020-04-03 1 TROY MARINE CPA P00187863 4147775500 2020-04-03 104.231.254.62 2020-04-03 16:28:11 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2021-01-29 14:40:06Z DR KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 37581611 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. THE COLLEGE OF PHARMACY WELCOMED ITS FIRST CLASS IN THE FALL OF 2017 AND WILL AWARD A DOCTOR OF PHARMACY DEGREE. MBKU OWNS AND OPERATES TWO HEALTH CARE CENTERS: KETCHUM HEALTH IN ANAHEIM HILLS AND LOS ANGELES. 21 20 263 22 81446 60223 2350672 2274548 29811069 32870409 847540 980112 917528 1122876 33926809 37247945 344000 372625 0 0 22552741 24186137 0 0 652366 12144369 12051883 35041110 36610645 -1114301 637300 94710971 95024266 50908963 50957275 43802008 44066991 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 17308802 372625 29654143 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 2018, OUR TOTAL ENROLLMENT WAS 681 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (401), PHYSICIAN ASSISTANT (PA) (122), PHARMACY (144), MASTER OF SCIENCE IN VISION SCIENCE (1) AND OUR INTERNATION PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (13).IN NOVEMBER OF 2018, MBKU CONFERRED 42 MEDICAL MASTER SCIENCE DEGREES AND PA CERTIFICATES. IN MAY OF 2019, MBKU CONFERRED 92 DOCTOR OF OPTOMETRY DEGREES (INCLUDING THREE DUAL MASTER OF SCIENCE IN VISION SCIENCE/DOCTOR OF OPTOMETRY DEGREES) AND SEVEN MASTER OF SCIENCE IN CLINICAL OPTOMETRY DEGREES.ADMISSIONS PROCESS FOR FALL 2018 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* - 554INTERVIEWS CONDUCTED - 236MATRICULATED CLASS - 104PROGRAM: PAVERIFIED APPLICATIONS* - 1,428INTERVIEWS CONDUCTED - 144MATRICULATED CLASS - 40PROGRAM: PHARMACYVERIFIED APPLICATIONS* - 434INTERVIEWS CONDUCTED - 145MATRICULATED CLASS - 55*VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM (I.E., OPTOMCAS, CASPA, AND PHARMCAS). 6813317 3563748 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 25,749 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 $362,811 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 4,541 PATIENTS WERE SERVED THROUGH OUR 12 SCHOOL SCREENING PROGRAMS. 742231 RESEARCH: THE UNIVERSITY SUPPORTS THE RESEARCH PROGRAM BY PROVIDING PHYSICAL AND FINANCIAL RESOURCES TO FACULTY WHO ENGAGE IN RESEARCH. EXTERNAL NATIONAL INSTITUTE OF HEALTH (NIH) / NATIONAL EYE INSTITUTE (NEI) GRANTS HAVE INCLUDED SEVERAL MULTI-CENTER STUDIES COORDINATED BY THE PEDIATRIC EYE DISEASE INVESTIGATOR GROUP (E.G. CITT-ART, ATS-20, AND IXT-5). IN ADDITION, INDUSTRY CONTRACTS HAVE BEEN AWARDED TO FACULTY RESEARCHERS BY OPHTHALMIC AND PHARMACEUTICAL COMPANIES INCLUDING COOPERVISION, JOHNSON AND JOHNSON VISION CARE AND TOPCON. FACULTY MEMBERS HAVE ALSO ACTIVELY PARTICIPATED IN COLLABORATIVE RESEARCH STUDIES OF DRY EYE/OCULAR SURFACE DISEASE, MEIBOMAIN GLAND DYSFUNCTION AND CONTACT LENS DISCOMFORT, AND THE EFFECT OF DIABETES ON RETINAL FUNCTION. RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM WHICH HAS CONTINUED TO EXPAND WITH A TOTAL OF 12 COMPLETED AND 10 ENROLLED STUDENTS. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $159K AND THERE WERE 22 TOTAL PEER-REVIEWED PUBLICATIONS. 24864350 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 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 1 126 0 1 263 1 1 1 0 0 0 0 1 1 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 CAROL NAJERA CHAIR 2.00 1.00 X 0 0 0 ROD TAHRAN VICE CHAIR 2.00 1.00 X 0 0 0 JOSEPH MALLINGER SECRETARY/TREASURER 2.00 X 0 0 0 JEROME HUNTER PAST CHAIR 2.00 X 0 0 0 GLENDA SECOR TRUSTEE 2.00 X 0 0 0 WALTER BUSTER TRUSTEE 2.00 X 0 0 0 DANIEL MAY TRUSTEE 2.00 X 78670 0 219 DAWN MILLER TRUSTEE 2.00 X 0 0 0 DUNCAN JOHNSON TRUSTEE 2.00 X 0 0 0 CINDY BLANCQ TRUSTEE 2.00 X 0 0 0 GAYE BREYMAN TRUSTEE 2.00 X 0 0 0 GENE CALKINS TRUSTEE 2.00 X 0 0 0 LYNN GABRIEL TRUSTEE 2.00 X 0 0 0 DAVID GIBSON TRUSTEE 2.00 X 0 0 0 FRANCES HUNTER TRUSTEE 2.00 X 0 0 0 MORRIS APPLEBAUM TRUSTEE 2.00 X 0 0 0 RICHARD JONES TRUSTEE 2.00 1.00 X 0 0 0 AKIO KANAI TRUSTEE 2.00 X 0 0 0 RICHARD PRICE TRUSTEE 2.00 1.00 X 2360 0 0 ROBERT KEMP TRUSTEE 2.00 X 0 0 0 WYNETTE AUGUSTINE TRUSTEE 2.00 X 0 0 0 KEVIN ALEXANDER PRESIDENT 40.00 2.00 X 339118 0 192839 SHAWN MCCOWN CFO, THROUGH 9/28/18 40.00 2.00 X 239829 0 40413 FRANK SCOTTI CFO, EFFECTIVE 03/2019 40.00 2.00 X 0 0 0 JULIE SCHORNACK SENIOR VP & CHIEF OF STAFF 40.00 0.00 X 230967 0 57182 EDWARD FISHER DEAN OF PHARMACY 40.00 0.00 X 284364 0 46305 JUDY ORTIZ DEAN OF HEALTH SCIENCES 40.00 0.00 X 217289 0 43286 MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00 0.00 X 192510 0 53362 MARK BULLIMORE DEAN OF OPTOMETRY 40.00 0.00 X 266395 0 29149 JAVAD TAFRESHI ASSOCIATE DEAN FOR ACADEMIC AFFAIRS, PHARMACY 40.00 0.00 X 176681 0 42338 2028183 0 505093 73 0 1 0 MERIDIAN SPORTS CLUB FULLERTON LLC 1101 FIFTH AVE SUITE 205 SAN RAFAEL CA 94901 FITNESS FACILITY: PARKING STRUCTURE RENT 102000 1 80303 1137941 388634 667670 2274548 TUITION AND FEES 611600 29055307 29055307 EYE CARE CENTERS 621300 3563748 3563748 CONTINUING EDUCATION 611430 251354 251354 32870409 980137 980137 523818 109347 414471 414471 414471 25 -25 -25 -25 15099 80303 105982 -90883 -90883 342808 118312 224496 208113 16383 MISCELLANEOUS 900099 370360 370360 PARKING FEES 812930 139369 139369 ADVERTISING 541800 65063 65063 574792 37247945 33217891 81446 1674060 372625 372625 983908 983908 18056435 13444315 4329228 282892 1730855 1295848 407739 27268 2140900 1492221 566863 81816 1274039 905505 349481 19053 51323 51323 111712 111712 22825 22825 1600413 809507 722460 68446 114853 3431 110975 447 1306085 776233 419034 110818 627950 182370 445580 1293743 1156014 121201 16528 334424 268463 46342 19619 528084 191973 310632 25479 1254292 1254292 2691339 2270052 421287 419047 419047 EYE CARE CLINIC MATERIA 799664 799664 UBIT 26200 26200 FILING FEES 10 10 869919 869919 36610645 24864350 11093929 652366 2690359 2698050 9404985 10549591 153338 210535 792101 661036 7407243 6533339 265046 447436 299293 251667 85935775 34858001 50718019 51077774 19181694 21868072 2167604 0 226926 226926 1404363 499840 94710971 95024266 4436561 4284446 2694971 3722743 34780750 25600000 8996681 17350086 50908963 50957275 X 26319638 26575262 7875385 0 9606985 17491729 43802008 44066991 94710971 95024266 X 637300 -483525 111208 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1496521 X X 0 24209240 87539 697707 325777 680619 23988090 23634869 173184 1192254 293756 497311 24209240 19679573 2817149 1400084 261937 23634869 20336981 322891 -190907 272951 516441 19679573 20278302 97613 824582 268250 595266 20336981 0.63240 0.19900 0.16860 0 0 6771257 6771257 60356071 21683153 38672918 18250401 13174848 5075553 558046 558046 51077774 FEDERAL ADVANCES FOR STUDENT LOANS 7970358 ANNUITIES PAYABLE 929978 TAXABLE BONDS 8449750 17350086 X 45820998 -483525 9890000 338867 9745342 36075656 1172289 1172289 37247945 45556005 9890000 227659 10117659 35438346 1172299 1172299 36610645 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, 2019 AND 2018. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 109,347. CHANGE IN VALUE OF ANNUITIES 111,208. COST OF GOODS SOLD 118,312. PART XI, LINE 4B - OTHER ADJUSTMENTS: EYE CARE CENTER EXPENSES 799,664. TUITION DISCOUNTS 372,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 109,347. COST OF GOODS SOLD 118,312. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 372,625. EYE CARE EXPENSES 799,664. FILING FEES 10. 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 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 GALA 95402 80303 15099 4400 40500 5250 55832 95402 80303 15099 4400 40500 5250 55832 105982 -90883 1 PRIVATE SCHOLARSHIPS 147 372625 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, $49,000 ARE FOR AWARDS THAT ARE RELEASED DIRECTLY TO STUDENTS. X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 KEVIN ALEXANDER PRESIDENT 323694 0 0 0 15424 0 134496 0 58343 0 531957 0 0 0 SHAWN MCCOWN CFO, THROUGH 9/28/18 189034 0 0 0 50795 0 17726 0 22687 0 280242 0 0 0 JULIE SCHORNACK SENIOR VP & CHIEF OF STAFF 229275 0 0 0 1692 0 15910 0 41272 0 288149 0 0 0 EDWARD FISHER DEAN OF PHARMACY 281940 0 0 0 2424 0 24750 0 21555 0 330669 0 0 0 JUDY ORTIZ DEAN OF HEALTH SCIENCES 216113 0 0 0 1176 0 20517 0 22769 0 260575 0 0 0 MARK NAKANO ASSOCIATE DEAN OF CLINICS 191094 0 0 0 1416 0 18375 0 34987 0 245872 0 0 0 MARK BULLIMORE DEAN OF OPTOMETRY 265058 0 0 0 1337 0 18258 0 10891 0 295544 0 0 0 JAVAD TAFRESHI ASSOCIATE DEAN FOR ACADEMIC AFFAIRS, PHARMACY 175265 0 0 0 1416 0 16985 0 25353 0 219019 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 $44,294 AND IS INCLUDED IN THE COMPENSATION INFORMATION PRESENTED IN PART VII OF THE FORM 990 AND IN SCHEDULE J. THE UNIVERSITY PROVIDED A PERFORMANCE BASED BONUS TO ONE EMPLOYEE DURING THE 2018 TAX YEAR. THE BONUS WAS SPECIFIED AS A FIXED AMOUNT, AFTER TAX WITHHOLDINGS AND OTHER DEDUCTIONS. THE FULL AMOUNT, BEFORE TAX WITHHOLDING AND OTHER DEDUCTIONS, WAS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. THE TOTAL AMOUNT PAID OUT WAS $6,801 AND WAS NOT PAID TO A HIGHLY COMPENSATED EMPLOYEE OR KEY EMPLOYEE OF THE ORGANIZATION. PART I, LINES 4A-B THE PRESIDENT OF THE UNIVERSITY, KEVIN ALEXANDER, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. SHAWN MCCOWN RECEIVED SEVERANCE PAY FROM THE UNIVERSITY OF $49,478 DURING FY2019. A CITY OF FULLERTON PUBLIC FINANCING AUTHORITY TAX-EXEMPT BOND 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 1 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: REFUND 6/2/2004 PRIOR ISSUE BONDS $6,327,149; FINANCE PURCHASE, RENOVATION, AND EQUIP OF EDUCATIONAL FACILITY $18,696,851. 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. 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. FORM 990, PART VI, SECTION C, LINE 19 THE DETERMINATION LETTER, ARTICLES OF INCORPORATION, BY-LAWS, AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE UNIVERSITY'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES 111,208. 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) CHARITABLE 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 1137940 CASH