2019-05-10T14:45:55-05:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2017-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7148707226 2575 YORBA LINDA BLVD FULLERTON CA 92831 FRANK J SCOTTI VP FOR FINANCIAL AFFAIRS & CFO 7144497466 2019-05-09 1 TROY MARINE CPA P00187863 6128764500 2019-05-09 38.122.82.115 2019-05-09 17:27:22 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F6719D0144B06E6FC05F7FF323A3B40607EDAFB2 2017 2019-02-21 02:37:17Z DR KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 36943897 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 EYE AND VISION CARE CENTERS: THE UNIVERSITY EYE CENTER AT KETCHUM HEALTH ANAHEIM AND THE UNIVERSITY EYE CENTER AT KETCHUM HEALTH LOS ANGELES. 21 20 262 21 86094 58508 3659019 2350672 26410988 29811069 2418286 847540 629562 917528 33117855 33926809 288105 344000 0 0 20348943 22552741 3500 0 574732 11437202 12144369 32077750 35041110 1040105 -1114301 95767916 94710971 51278601 50908963 44489315 43802008 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 17085482 344000 26152527 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 2017, OUR TOTAL ENROLLMENT WAS 618 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (400), PHYSICIAN ASSISTANT (PA) (113), PHARMACY (95), MASTER OF VISION SCIENCE (1) AND OUR INTERNATION PROGRAM OFFERING A MASTER OF CLINICAL OPTOMETRY (9). IN NOVEMBER OF 2017, MBKU CONFERRED 32 MEDICAL MASTER SCIENCE DEGREES AND PA CERTIFICATES. IN MAY OF 2018, MBKU CONFERRED 99 DOCTOR OF OPTOMETRY DEGREES AND TWO MASTER OF SCIENCE DEGREES. ADMISSIONS PROCESS FOR FALL 2017 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* - 1,451INTERVIEWS CONDUCTED - 141MATRICULATED CLASS - 40PROGRAM: PHARMACYVERIFIED APPLICATIONS* - 434INTERVIEWS CONDUCTED - 145MATRICULATED CLASS - 56*VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM (I.E., OPTOMCAS, CASPA, AND PHARMCAS). 5588335 4003885 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 26,564 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 $341,945 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 4,394 PATIENTS WERE SERVED THROUGH OUR 12 SCHOOL SCREENING PROGRAMS. 1246754 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 ALLERGAN, ALCON, 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 11 COMPLETED AND 9 ENROLLED STUDENTS. 23920571 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 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 1 115 0 1 262 1 1 1 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 CAROL NAJERA CHAIR 2.00 X 0 0 0 ROD TAHRAN VICE CHAIR 2.00 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 0 0 0 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 X 0 0 0 AKIO KANAI TRUSTEE 2.00 X 0 0 0 RICHARD PRICE TRUSTEE 2.00 X 0 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 321203 0 186982 SHAWN MCCOWN CFO, THROUGH 9/28/18 40.00 2.00 X 209082 0 45551 JULIE SCHORNACK SENIOR VP & CHIEF OF STAFF 40.00 0.00 X 226410 0 49794 EDWARD FISHER DEAN OF PHARMACY 40.00 0.00 X 278566 0 44082 JUDY ORTIZ DEAN OF HEALTH SCIENCES 40.00 0.00 X 203249 0 49444 MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00 0.00 X 177490 0 46351 MONICA TRIVEDI ASSISTANT DEAN OF CLNICAL AFFAIRS 40.00 0.00 X 166982 0 24777 GEORGE COMER ASSOCIATE PROFESSOR, PRIMARY CARE 40.00 0.00 X 165669 0 28155 1748651 0 475136 60 0 1 0 SNYDER LANGSTON LP 17962 COWAN IRVINE CA 92614 CONSTRUCTION - GENERAL CONTRACTOR 662501 MERIDIAN SPORTS CLUB FULLERTON LLC 1101 FIFTH AVE SUITE 205 SAN RAFAEL CA 94901 FITNESS FACILITY: PARKING STRUCTURE RENT 150000 BAKER TILLY VIRCHOW KRAUSE LLP PO BOX 78975 MILWAUKEE WI 532788975 AUDIT AND TAX SERVICES 100250 3 1092540 345879 912253 2350672 TUITION AND FEES 611600 25474750 25474750 EYE CARE CENTERS 621300 4003885 4003885 CONTINUING EDUCATION 611430 332434 332434 29811069 797050 797050 487578 155554 332024 332024 332024 1964265 1913775 50490 50490 50490 1195941 947759 248182 213017 35165 MISCELLANEOUS 900099 154067 154067 PARKING FEES 812930 132326 132326 ADVERTISING 541800 50929 50929 337322 33926809 30156412 86094 1333631 344000 344000 897750 897750 17031305 12659639 4105285 266381 1587922 1188838 374068 25016 1825197 1272174 483272 69751 1210567 860393 332070 18104 23663 23663 101225 101225 32500 32500 1270900 647274 568897 54729 115360 3446 111465 449 817194 485675 262182 69337 839046 243677 595369 1757655 1570540 164661 22454 385703 309628 53448 22627 536477 195024 315569 25884 1289551 1289551 2753849 2322777 431072 403750 403750 EYE CARE CLINIC MATERIA 1074471 1074471 UBIT 14507 14507 FILING FEES 10 10 728508 728508 35041110 23920571 10545807 574732 2675506 2690359 8425874 9404985 343583 153338 739947 792101 8522404 7407243 252631 265046 333348 299293 83054840 32336821 50580618 50718019 20070034 19181694 2103158 2167604 226926 226926 1493887 1404363 95767916 94710971 4121931 4436561 2325700 2694971 35476750 34780750 9354220 8996681 51278601 50908963 X 27638848 26319638 7438572 7875385 9411895 9606985 44489315 43802008 95767916 94710971 X -1114301 339349 87645 X X 0 1 X 1 1 1 X 1496521 X X 0 23634869 173184 1192254 293756 497311 24209240 19679573 2817149 1400084 261937 23634869 20336981 322891 -190907 272951 516441 19679573 20278302 97613 824582 268250 595266 20336981 19451132 79196 2819202 255797 495000 1320431 20278302 0.63410 0.19370 0.17220 0 0 6771257 6771257 57313236 20235318 37077918 17756008 12101503 5654505 1214339 1214339 50718019 FEDERAL ADVANCES FOR STUDENT LOANS 8033131 ANNUITIES PAYABLE 963550 8996681 X 43636145 339349 9630000 1190958 11160307 32475838 32500 1418471 1450971 33926809 44323442 9630000 1103313 10733313 33590129 32500 1418481 1450981 35041110 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, 2018 AND 2017. 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 155,554. CHANGE IN VALUE OF ANNUITIES 87,645. COST OF GOODS SOLD 947,759. PART XI, LINE 4B - OTHER ADJUSTMENTS: EYE CARE CENTER EXPENSES 1,074,471. TUITION DISCOUNTS 344,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 155,554. COST OF GOODS SOLD 947,759. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 344,000. EYE CARE EXPENSES 1,074,471. 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 1647260 0 0 0 0 0 0 1647260 0 1647260 0 0 0 1 0 0 1 PRIVATE SCHOLARSHIPS 114 344000 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, $34,700 ARE FOR AWARDS THAT ARE RELEASED DIRECTLY TO STUDENTS. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 KEVIN ALEXANDER PRESIDENT 305779 0 0 0 15424 0 127289 0 59693 0 508185 0 0 0 SHAWN MCCOWN CFO, THROUGH 9/28/18 207666 0 0 0 1416 0 18718 0 26833 0 254633 0 0 0 JULIE SCHORNACK SENIOR VP & CHIEF OF STAFF 224994 0 0 0 1416 0 20423 0 29371 0 276204 0 0 0 EDWARD FISHER DEAN OF PHARMACY 276675 0 0 0 1891 0 24300 0 19782 0 322648 0 0 0 JUDY ORTIZ DEAN OF HEALTH SCIENCES 202073 0 0 0 1176 0 19264 0 30180 0 252693 0 0 0 MARK NAKANO ASSOCIATE DEAN OF CLINICS 176074 0 0 0 1416 0 16918 0 29433 0 223841 0 0 0 MONICA TRIVEDI ASSISTANT DEAN OF CLNICAL AFFAIRS 165974 0 0 0 1008 0 15750 0 9027 0 191759 0 0 0 GEORGE COMER ASSOCIATE PROFESSOR, PRIMARY CARE 163985 0 0 0 1684 0 15231 0 12924 0 193824 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 $46,442.40 AND IS INCLUDED IN THE COMPENSATION INFORMATION PRESENTED IN PART VII OF THE FORM 990 AND IN SCHEDULE J. THE UNIVERSITY PROVIDED PERFORMANCE BASED BONUS TO SIX EMPLOYEES DURING THE 2017 TAX YEAR. THE BONUS WAS SPECIFIED AS A FIXED AMOUNT, AFTER TAX WITHHOLDINGS AND OTHER DEDUCTIONS. THE FULL AMOUNTS, BEFORE TAX WITHHOLDINGS AND OTHER DEDUCTIONS, WERE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. TOTAL AMOUNTS PAID OUT WERE $40,508 AND NONE OF THE SIX EMPLOYEES WERE HIGHLY COMPENSATED EMPLOYEES OR KEY EMPLOYEES OF THE ORGANIZATION. PART I, LINE 4B THE PRESIDENT OF THE UNIVERSITY, KEVIN ALEXANDER, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THERE WAS AN ACCRUAL AMOUNT OF $102,989 RELATED TO THIS PLAN IN THE CALENDAR YEAR 2017. 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 MARSHALL B. KETCHUM UNIVERSITY 95-1644593 UNIVERSITY'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES 87,645. 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 (1) 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 1092540 CASH