2013-05-15T13:32:37-05:00 2012-06-30 953001179 WINDES & MCCLAUGHRY ACCT CORP PO BOX 87 LONG BEACH CA 908010087 990 2011-07-01 951644593 SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY SOUT 7148707226 2575 YORBA LINDA BLVD FULLERTON CA 92831 SHAWN K MCCOWN 7144497468 2013-05-14 1 DONITA M JOSEPH P00286656 5624351191 2011 2016-02-24 21:20:13Z KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 24377705 0 X WWW.SCCO.EDU X 1904 CA TO PROVIDE QUALITY OPTOMETRIC EDUCATION THROUGH TEACHING, PATIENT CARE, AND RESEARCH. 22 22 221 60 0 0 2460322 2295074 18378438 19426506 482856 453970 541625 531957 21863241 22707507 411152 342025 0 0 11745878 12415896 0 26057 375011 8022318 9135577 20179348 21919555 1683893 787952 69535326 69112139 31935388 31429726 37599938 37682413 PROVIDES A FOUR-YEAR GRADUATE DEGREE IN OPTOMETRY, RESIDENCY PROGRAMS, & CONTINUING EDUCATION TO OPTOMETRISTS. THE COLLEGE ALSO PROVIDES PATIENT CARE, INFORMS THE PUBLIC ON EYE/VISION CARE, AND CONDUCTS INTERNALLY & EXTERNALLY FUNDED RESEARCH ON EYE/VISION CONDITIONS. 0 0 11642611 342025 13725567 OPTOMETRIC EDUCATION: WITH 399 GRADUATE STUDENTS, SIGNIFICANT CURRICULAR CHANGES WERE IMPLEMENTED TO PRODUCE POSITIVE OUTCOMES FOR STUDENT LEARNING, ACADEMIC PERFORMANCE AND IMPROVED PASS RATES ON THE NEWLY FORMATTED NATIONAL BOARD EXAMS (NBEO). 98 4TH-YEAR STUDENTS GRADUATED MAY 2012. FOR THE INCOMING FALL 2011 1ST YEARS, 250 WERE INTERVIEWED OUT OF 612 APPLICANTS WITH 100 ACCEPTANCES. THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM AT SCCO WAS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC) AND AN INITIAL CANDIDATE WAS ENROLLED. 4647590 5994192 CLINICAL VISION/PATIENT CARE: THE COLLEGE OPERATES FULL-SERVICE VISION CLINICS ON ITS ORANGE COUNTY CAMPUS AND IN DOWNTOWN LOS ANGELES, PLUS 2 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY, ALL LOCATED IN VERY LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 20,616 UNDUPLICATED PATIENTS. COMPREHENSIVE VISION SERVICES INCLUDE BOTH 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 COLLEGE PROVIDED $ 186,701.64 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 21,311 LIVES WERE TOUCHED THROUGH OUR 77 COMMUNITY SCHOOL SCREENING PROGRAMS. 773245 RESEARCH: FACULTY PROJECTS INCLUDED STUDIES OF PEDIATRIC VISION PROBLEMS (AMBLYOPIA AND CONVERGENCE INSUFFICIENCY), DRY EYE/OCULAR SURFACE DISEASE, CONTACT LENS SOLUTION TOXICITY CHARACTERIZATION AND STUDIES INTO THE EFFECT OF DIABETES ON RETINAL FUNCTION. MORE THAN 40 CLASS OF 2013 RESEARCH PROJECTS WERE UNDERTAKEN DURING THE YEAR. THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM AT SCCO HAD 5 MS CANDIDATES ENROLLED DURING THE PERIOD. 17063446 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 107 0 1 221 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X SHAWN K MCCOWN CFO 7144497468 2575 YORBA LINDA BOULEVARD FULLERTON CA 928311699 GENE D CALKINS 2.00 X X 0 0 0 TAMMIE K AKIYOSHI 2.00 X 0 0 0 MORRIS APPLEBAUM 2.00 X 0 0 0 GAYE BREYMAN 2.00 X 0 0 0 MARK A GALVAN 2.00 X 0 0 0 CRAIG RW HAMILTON 2.00 X 0 0 0 JEROME HUNTER 2.00 X 0 0 0 DUNCAN C JOHNSON 2.00 X 0 0 0 RICHARD JONES 2.00 X 0 0 0 ROBERT KEMP 2.00 X 0 0 0 FRANCES M KNOTT 2.00 X 0 0 0 STEVEN K KURATA 2.00 X 0 0 0 WARREN HARVARD LOW 2.00 X 0 0 0 CHARLES C LUU 2.00 X 0 0 0 JOSEPH C MALLINGER 2.00 X 0 0 0 DANIEL L MAY 2.00 X 9099 0 0 DAWN MILLER 2.00 X 0 0 0 CHARLES A MUNSON 2.00 X 0 0 0 CAROL J NAJERA 2.00 X 0 0 0 RICHARD S PRICE II 2.00 X 0 0 0 GLENDA B SECOR 2.00 X 0 0 0 ROD TAHRAN 2.00 X 0 0 0 KEVIN L ALEXANDER 40.00 X 241160 0 28777 LISA ALBERS - UNTIL DEC 2011 40.00 X 133124 0 22166 SHAWN MCCOWN - AS OF MAY 2012 40.00 X 0 0 0 MORRIS S BERMAN 40.00 X 194913 0 27549 GEORGE COMER 40.00 X 164531 0 19846 TIMOTHY EDRINGTON 40.00 X 133808 0 17212 KENNETH BROOKMAN 40.00 X 131957 0 16414 LORRAINE VOORHEES 40.00 X 131958 0 16840 JERRY PAUGH 40.00 X 132214 0 21203 1272764 0 170007 8 0 1 0 0 109230 274565 1911279 40000 2295074 TUITION AND FEES 611600 12244107 12244107 CLINICS 621300 5994192 5994192 CONTINUED EDUCATION 611430 783536 783536 STUDENT HOUSING 532000 381359 381359 EDUCATIONAL PROGRAMS 611600 23312 23312 19426506 437450 437450 4071 4071 442203 187530 254673 254673 125040 129633 768611 749806 2285 18805 -2285 16520 16520 126476 109230 113800 12676 12676 725809 616777 109032 109032 PARKING INCOME 812930 61784 61784 EYECARE REVENUE 900099 35051 35051 INSIGHT REVENUE 900099 20620 20620 34050 3510 30540 151505 22707507 19719759 0 692674 342025 342025 679229 679229 9247018 7287339 1762724 196955 742219 587825 138507 15887 1014698 770378 223499 20821 732732 542221 175856 14655 22235 22235 89250 89250 26057 26057 20036 20036 323203 240491 77998 4714 29052 29052 704392 521250 169054 14088 100588 2012 97570 1006 503477 372573 120834 10070 158046 116954 37931 3161 131494 65472 63419 2603 726033 726033 2053717 1519751 492892 41074 70639 52273 16953 1413 EYE CARE CENTER EXPENSE 3049898 3049898 BUILDING/GROUNDS MAINT. 965639 714573 231753 19313 DUES 100103 38039 59061 3003 BOND COST AMORTIZATION 78205 78205 9570 7082 2297 191 21919555 17063446 4481098 375011 3371 3295 7914834 8588320 132928 307920 11312423 11145905 153991 160708 130218 139003 47067545 21432318 26121061 25635227 18185920 17791906 3017903 2885010 2562677 2454845 69535326 69112139 1909616 1887703 19037057 18055953 10988715 11486070 31935388 31429726 X 25362844 25483297 3853714 3641359 8383380 8557757 37599938 37682413 69535326 69112139 X 787952 -705477 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22806846 132816 685977 256257 1175350 22194032 20251304 74539 4091383 252122 1358258 22806846 15351008 105434 2810693 227529 1572485 16467121 18657860 24195 -2126807 1204240 15351008 0.55000 0.35000 0.10000 0 0 2728512 2728512 31710439 13989867 17720572 12628594 7442451 5186143 25635227 DEFERRED COMPENSATION 34643 TUITION AND DEPOSITS 1873551 OTHER CURRENT LIABILITIES 246840 FEDERAL ADVANCES FOR STUDENT LOANS 8283348 ANNUITIES PAYABLE 1047688 11486070 22707507 21919555 787952 -518093 -187384 -705477 82475 24955963 -518093 5930000 16085 5427992 19527971 3179536 3179536 22707507 24874224 5930000 74567 6004567 18869657 3049898 3049898 21919555 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE 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 COLLEGE'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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE COLLEGE IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR STATE PURPOSES IS FOUR YEARS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT TO ANNUITY 27,852. TRUST AND ANNUITY LIABILITY OFFSET -85,597. BOOK/TAX DIFFERENCES FROM WOOD LANCASTER K-1 -129,638. ROUNDING -1. TOTAL TO SCHEDULE D, PART XI, LINE 8: -187,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARY ADJUSTMENT TO ANNUITY 27,852. TRUST AND ANNUITY LIABILITY OFFSET -85,597. FOUNDATION PRESERVATION OF SIGHT 30. FUNDRAISING EXPENSES 73,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: WOOD LANDCASTER K-1 - BOOK TO TAX DIFFERENCE 129,638. EYE CARE CENTER PUBLIC SUPPORT AND INSURANCE ADJUSTMENTS 3,049,898. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION PRESERVATION OF SIGHT 767. FUNDRAISING EXPENSES 73,800. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EYE CARE CENTER PUBLIC SUPPORT AND INSURANCE ADJUSTMENTS 3,049,898. SCCO PREPARES CONSOLIDATED FINANCIAL STATEMENTS WHICH INCLUDE THE FINANCIAL INFORMATION FOR THE FOUNDATION FOR THE PRESERVATION OF SIGHT AND SCCO COLLEGE PROPERTIES. THE NET INCOME PER THE FINANCIAL STATEMENTS REPORTED ON PART XI, LINE 10 ONLY INCLUDES SCCO'S INCOME AND EXPENSES. PART XII, LINE 1 AND PART XIII, LINE 1 ARE THE TOTAL REVENUE AND TOTAL EXPENSES AS REPORTED ON THE FINANCIAL STATEMENTS. THIS INCLUDES REVENUE AND EXPENSES FOR THE FOUNDATION AND SCCO COLLEGE PROPERTIES. BECAUSE OF THIS, THE SUM OF PART XII, LINE 1 AND PART XIII, LINE 1 DO NOT EQUAL PART XI, LINE 10. THE DIFFERENCE IS THE NET INCOME OF THE FOUNDATION AND SCCO COLLEGE PROPERTIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 FOR THE ONE-HUNDRED (100) POSITIONS AVAILABLE FOR FALL 2011, WE RECEIVED 604 APPLICATIONS FROM FORTY-ONE (41) STATES. OF THE ONE-HUNDRED (100) STUDENTS COMPRISING THE NEW CLASS, EIGHTY-TWO (82) OF THESE STUDENTS WERE FROM THE STATE OF CALIFORNIA. DUE TO THE LIMITED NUMBER OF STUDENTS ACCEPTED EACH YEAR, IT IS IMPRACTICAL FOR US TO USE THE NEWSPAPER OR BROADCAST MEDIA FOR SOLICITING STUDENTS. WE DO HOWEVER, PRINT OUR OWN NON-DISCRIMINATORY POLICY IN OUR CATALOG AND OTHER RECRUITING BROCHURES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY RECEIVES MONEY TO HELP SUBSIDIZE STUDENTS' TUITION. X X X X X X 0 THE STOCKADE GROUP 650 FRANKLIN STREET SUITE 201 SCHENECTADY NY 12305 ANNUAL FUND SOLICITATION 0 80234 21957 58277 LU & ASSOCIATES 1873 HOMEWORTH DR RANCHO PALOS VERDES CA 90275 GRANT WRITING & CONSULTING 0 0 4100 0 80234 26057 58277 GALA 235706 109230 126476 40000 5000 45300 23500 235706 109230 126476 40000 5000 45300 23500 113800 12676 1 PRIVATE SCHOLARSHIPS - DONOR CRITERIA 18 54016 PRIVATE SCHOLARSHIPS - COLLEGE CRITERIA 163 209425 SCHOLARSHIP - US DEPARTMENT OF HEALTH & HUMAN SERVICES 24 78584 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 NOT ACTUALLY RELEASED TO THE STUDENTS, BUT ARE USED TO OFFSET TUITION COSTS BY THE FINANCIAL AID OFFICE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KEVIN L ALEXANDER 241160 0 0 0 0 0 20884 0 7893 0 269937 0 0 0 LISA ALBERS - UNTIL DEC 2011 133124 0 0 0 0 0 12804 0 9362 0 155290 0 0 0 MORRIS S BERMAN 194913 0 0 0 0 0 18450 0 9099 0 222462 0 0 0 GEORGE COMER 164531 0 0 0 0 0 14838 0 5008 0 184377 0 0 0 TIMOTHY EDRINGTON 133808 0 0 0 0 0 12146 0 5066 0 151020 0 0 0 JERRY PAUGH 132214 0 0 0 0 0 11924 0 9279 0 153417 0 0 0 PART I, LINE 1A SCCO PROVIDES HOUSING FOR ITS PRESIDENT. THE COLLEGE OWNS A HOME THAT WAS DONATED BY THE PAST PRESIDENT, A PROPERTY THAT HAS NO MORTGAGE OR LIENS ATTACHED TO IT. THE SCHOOL ALLOWS THE PRESIDENT TO LIVE THERE RENT FREE, IN ADDITION TO PROVIDING UTILITIES AND MAINTENANCE FOR THE GROUNDS OF THE HOUSE. MANY COLLEGE EVENTS AND FUNCTIONS ARE HOSTED AT THE PRESIDENT'S HOUSE. REDEVELOPMENT AGENCY OF THE CITY OF FULLERTON 956000711 35981PAFO 2007-04-02 22847398 FINANCE NEW EDUCATIONAL FACILITIES 0 0 0 1689409 1689409 2004 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X MISCELLANEOUS 40000 FMV 0 0 0 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 FORWARDED 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 COLLEGE OFFICER 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 ENTITY'S MAIN OFFICE. A COPY OF THE FORM 990 CAN BE FOUND ON WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -518,093. ACTUARIAL ADJUSTMENT TO ANNUITY 27,852. TRUST AND ANNUITY LIABILITY OFFSET -85,597. BOOK/TAX DIFFERENCES FROM WOOD LANCASTER K-1 -129,638. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -705,477. SCCO COLLEGE PROPERTIES INC 2575 YORBA LINDA BLVD FULLERTON CA 92831 953549243 RENTAL OF APARTMENT COMPLEX CA 501(C)(2) N/A N/A 0 FOUNDATION FOR THE PRESERVATION OF SIGHT 2575 YORBA LINDA BLVD FULLERTON CA 92831 330075351 EYECARE FOR DISADVANTAGED PEOPLE CA 501(C)(3) 509(A)(3), TYPE I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCCO COLLEGE PROPERTIES C 982762 CASH