2017-05-10T13:18:01-05:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2015-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7148707226 2575 YORBA LINDA BLVD FULLERTON CA 92831 SHAWN K MCCOWN MBA CPA VP ADMIN & FINANCE, CFO 7144497466 2017-05-04 1 TROY MARINE CPA P00187863 6128764500 2017-05-04 2015 2021-01-29 14:40:06Z DR KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 42721210 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 2016 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 20 489 21 60192 28760 3125033 6214371 19842072 21926550 788830 322465 441860 915136 24197795 29378522 286800 305450 0 0 17692275 19769027 0 5950 914808 7843558 7993807 25822633 28074234 -1624838 1304288 93847531 95077081 52286263 52624227 41561268 42452854 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 11622586 305450 17998302 GRADUATE EDUCATION: WITH A COHORT OF 460 FULL-TIME PROFESSIONAL STUDENTS, REPRESENTING OPTOMETRY (398), PHYSICIAN ASSISTANTS (61) AND MASTER OF VISION SCIENCE (5). 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 MAY 2016 MBKU CONFERRED 96 DOCTOR OF OPTOMETRY DEGREES, 47 RESIDENCY CERTIFICATES AND FIVE MASTER OF SCIENCE DEGREES. ADMISSIONS PROCESS IN AY 2015/16: A TOTAL OF 238 OPTOMETRY APPLICANTS WERE INTERVIEWED OUT OF THE 586 VERIFIED SUBMISSIONS (OPTOMCAS), AND WE MATRICULATED A CLASS SIZE OF 101 STUDENTS. IN THE PHYSICIAN ASSISTANTS PROGRAM THE APPLICANT POOL (CASPA) WAS 1,131; 177 CANDIDATES WERE INTERVIEWED AND WE MATRICULATED A CLASS SIZE OF 40 STUDENTS. THERE WERE 204 VERIFIED APPLICATIONS (PHARMCAS) WHICH RESULTED IN 107 INTERVIEWS AND AN INAUGURAL CLASS SIZE OF 43 STUDENTS. 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. 6305357 4119002 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 32,017 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 $387,679 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 8,041 PATIENTS WERE SERVED THROUGH OUR 8 SCHOOL SCREENING PROGRAMS. 1452233 RESEARCH: THE UNIVERSITY SUPPORTS THE RESEARCH PROGRAM BY PROVIDING PHYSICAL AND FINANCIAL RESOURCES TO FACULTY WHO ENGAGE IN RESEARCH. A NUMBER OF FACULTY MEMBERS ANNUALLY PARTICIPATE IN THE NATIONALLY SPONSORED SUMMER RESEARCH WORKSHOPS THAT HAVE LED TO COLLABORATIVE STUDIES. 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. ATS STUDIES 9-18, CITT-ART, COMET-2). IN ADDITION TO FEDERAL RESEARCH GRANTS, INDUSTRY CONTRACTS HAVE BEEN AWARDED TO FACULTY RESEARCHERS BY LARGE OPHTHALMIC AND PHARMACEUTICAL COMPANIES INCLUDING ALLERGAN, ALCON, ADVANCED MEDICAL OPTICS, 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 7 COMPLETED AND 5 ENROLLED STUDENTS. 19380176 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 1 0 1 1 0 0 0 0 1 1 1 0 0 1 95 0 1 489 1 1 1 0 0 0 0 1 1 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 SHAWN K MCCOWN 7144637540 5460 E LA PALMA AVE ANAHEIM CA 92807 JEROME HUNTER CHAIR 2.00 X 0 0 0 CAROL NAJERA CHAIR ELECT 2.00 X 0 0 0 GLENDA SECOR PAST CHAIR 2.00 X 0 0 0 ROD TAHRAN SECRETARY/TREASURER 2.00 X 0 0 0 CHARLES LUU 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 JOSEPH MALLINGER 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 WARREN HARVARD LOW TRUSTEE 2.00 X 0 0 0 KEVIN ALEXANDER PRESIDENT 40.00 2.00 X 315576 0 84710 SHAWN MCCOWN CFO 40.00 2.00 X 209393 0 47239 MORRIS BERMAN SR. VP ADMIN 40.00 0.00 X 211093 0 33373 ROBERT ROSENOW DEAN OF PHARMACY 40.00 0.00 X 251079 0 18906 STANLEY WOO DEAN OF OPTOMETRY 40.00 0.00 X 217406 0 55540 ARJUN DUTTA ASSOC DEAN OF PHARMACY 40.00 0.00 X 196181 0 34970 JULIE SCHORNACK VP FOR CLINICAL AFFAIRS 40.00 0.00 X 192058 0 47316 JUDY ORTIZ DEAN OF CHS 40.00 0.00 X 186935 0 33927 1779721 0 355981 39 0 1 0 SNYDER LANGSTON LP 17962 COWAN IRVINE CA 92614 CONSTRUCTION - GENERAL CONTRACTOR 1414440 WESTGROUP DESIGNS 19520 JAMBOREE RD SUITE 100 IRVINE CA 92612 ARCHITECTURAL SERVICES 764021 EXPRESS LENS LAB 17150 NEWHOPE STREET FOUNTAIN VALLEY CA 92709 OPTICAL SERVICES 112666 JABEZ BUILDING SERVICES 2094 ORANGE AVE COSTA MESA CA 92627 JANITORIAL 109764 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE FL 32 MILWAUKEE WI 53202 ACCOUNTING 104552 5 95438 1051009 650876 4417048 62884 6214371 TUITION AND FEES 611600 17494816 17494816 EYE CARE CENTERS 621300 4119002 4119002 CONTINUING EDUCATION 611430 312732 312732 21926550 349471 349471 462201 149664 312537 312537 312537 12080000 316208 12134485 288729 -54485 27479 -27006 -27006 36880 95438 88737 -51857 -51857 815931 681073 134858 113214 21644 MISCELLANEOUS 900099 403510 403510 PARKING FEES 812930 77540 77540 ADVERTISING 541800 38548 38548 519598 29378522 22117304 60192 986655 305450 305450 893950 893950 14608378 10697670 3428390 482318 1223800 871836 308555 43409 1982089 1319657 523567 138865 1060810 736813 290777 33220 33534 33534 66586 6206 60380 95106 1950 93156 5950 5950 28672 28672 1179658 718250 449880 11528 25655 11734 13222 699 1179428 647546 383287 148595 321459 75130 246329 1424098 1226119 168282 29697 266852 225037 25249 16566 99425 51349 44115 3961 453529 453529 1616083 1275244 340839 83222 61920 21302 EYE CARE CLINIC MATERIA 1033017 1033017 CLINIC CHARGES PAID BY 81714 81714 OTHER 5769 5769 28074234 19380176 7779250 914808 3555 3084721 4293171 10176137 615922 628987 764758 624394 9002062 8729379 249497 235316 446071 404293 75919298 27481914 35250065 48437384 23227929 18090491 6161542 2537154 13832959 2128825 93847531 95077081 3855400 4991592 2323667 2406272 35913750 35922750 10193446 9303613 52286263 52624227 X 25619210 25946092 7084073 7303041 8857985 9203721 41561268 42452854 93847531 95077081 X 1304288 -517233 7241 97290 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1427576 X X 0 20336981 322891 -190907 272951 516441 19679573 20278302 97613 824582 268250 595266 20336981 19451132 79196 2819202 255797 495000 1320431 20278302 22194032 23185 2974510 255665 1413748 4071182 19451132 22806846 132816 685977 256257 1175350 22194032 0.62000 0.22000 0.16000 0 0 6771257 6771257 53225800 17371345 35854455 15344483 10110569 5233914 577758 577758 48437384 FEDERAL ADVANCES FOR STUDENT LOANS 8337630 ANNUITIES PAYABLE 965983 9303613 X 36323586 -517233 7784000 1016764 8283531 28040055 1338467 1338467 29378522 35439239 7784000 919474 8703474 26735765 1338469 1338469 28074234 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. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. 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, 2016 AND 2015. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 88,737. DIRECT RENTAL EXPENSES 149,664. CHANGE IN VALUE OF ANNUITIES 97,290. COST OF GOODS SOLD 681,073. PART XI, LINE 4B - OTHER ADJUSTMENTS: EYE CARE CENTER EXPENSES 1,033,017. TUITION DISCOUNTS 305,450. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 149,664. DIRECT FUNDRAISING EXPENSES 88,737. COST OF GOODS SOLD 681,073. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 305,450. EYE CARE EXPENSES 1,033,017. ROUNDING 2. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE PART II SCHEDULE E, PART I, LINE 6 MARSHALL B. KETCHUM UNIVERSITY RECEIVES AID TO ASSIST STUDENTS WITH TUITION, LIVING EXPENSES, AND BOOKS AND MATERIALS FORM 990, SCHEDULE E, LINE 3: WE DO NOT USE THE NEWSPAPER OR BROADCAST MEDIA FOR SOLICITING STUDENTS. WE DO PRINT OUR OWN NON-DISCRIMINATORY POLICY IN OUR CATALOG AND OTHER RECRUITING BROCHURES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1475783 0 0 0 0 0 0 1475783 0 1475783 0 0 0 1 0 0 GALA 114423 81898 32525 250 3195 35407 3099 38216 GOLF TOURNAMENT 17895 13540 4355 7585 985 132318 95438 36880 250 10780 35407 3099 39201 88737 -51857 1 PRIVATE SCHOLARSHIPS 144 305450 PART I, LINE 2: GRANTS AND FINANCIAL AID ARE AWARDED TO STUDENDS. 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, $30,800 ARE FOR AWARDS THAT ARE RELEASED DIRECTLY TO STUDENTS. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 KEVIN ALEXANDER PRESIDENT 300684 0 0 0 14892 0 24312 0 60398 0 400286 0 0 0 SHAWN MCCOWN CFO 183217 0 25000 0 1176 0 19643 0 27596 0 256632 0 0 0 MORRIS BERMAN SR. VP ADMIN 208669 0 0 0 2424 0 19277 0 14096 0 244466 0 0 0 ROBERT ROSENOW DEAN OF PHARMACY 169008 0 0 0 82071 0 15262 0 3644 0 269985 0 0 0 STANLEY WOO DEAN OF OPTOMETRY 216326 0 0 0 1080 0 20994 0 34546 0 272946 0 0 0 ARJUN DUTTA ASSOC DEAN OF PHARMACY 195161 0 0 0 1020 0 18110 0 16860 0 231151 0 0 0 JULIE SCHORNACK VP FOR CLINICAL AFFAIRS 150335 0 0 0 41723 0 14870 0 32446 0 239374 0 0 0 JUDY ORTIZ DEAN OF CHS 185855 0 0 0 1080 0 17442 0 16485 0 220862 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 $46,821 AND IS INCLUDED IN THE COMPENSATION INFORMATION PRESENTED IN PART VII OF THE FORM 990 AND IN SCHEDULE J. THE UNIVERSITY PROVIDED PERFORMANCE BASED BONUSES TO THREE EMPLOYEES (VP; DIRECTOR; MANAGER) DURING THE 2015 TAX YEAR. THE BONUSES WERE 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 EMPLOYEES. PART I, LINE 4A ROBERT ROSENOW RECEIVED A SEVERANCE PAYMENT OF $81,098.60 A CITY OF FULLERTON PUBLIC FINANCING AUTHORITY TAX-EXEMPT BOND 956000711 2015-01-23 25536000 REFUND PRIOR ISSUED BONDS & FINANCE NEW EDUCATIONAL FACILITIES 0 0 0 A 25536000 5690290 512000 19333710 2016 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 JONES & MAYER BOARD MEMBER IS PART OWNER OF JONES & MAYER 860 THE UNIVERSITY PAID FOR LEGAL SERVICES. 0 RICHARD PRICE II JD BOARD MEMBER IS SOLE PROPRIETOR OF LAW FIRM 5868 THE UNIVERSITY PAID FOR LEGAL SERVICES. 0 X LIVE AUCTION VACATIONS (ELITE ISLAND RESORTS) 1 26700 FMV X CLINICAL EQUIPMENT SOFTWARE (KONAN MEDICAL USA) 1 21684 FMV X PORTRAIT SITTING AND CANVAS (BRADFORD RENAISSANCE PORTRAITS) 1 8000 FMV X ACADEMIC EQUIPMENT (GOOD-LITE COMPANY) 1 5000 FMV X AWARD (GOOD-LITE COMPANY) 1 1500 FMV 0 1 1 FORM 990, PART VI, SECTION B, LINE 11 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 SALARIES ARE 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. 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. A COPY OF THE FORM 990 CAN BE FOUND ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES 97,290. 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 THE FOUNDATION FOR THE PRESERVATION OF SIGHT 2575 YORBA LINDA BLVD FULLERTON CA 92831 300075351 SUPPORT MBKU EYECARE CA 501(C)(3) LINE 11A, I 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 1051009 CASH