2012-05-15T17:45:07-05:00 2011-06-30 WINDES & MCCLAUGHRY ACCT CORP PO BOX 87 LONG BEACH CA 908010087 990 2010-07-01 951644593 SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY SOUT 7144497468 2575 YORBA LINDA BLVD FULLERTON CA 92831 SHAWN K MCCOWN 7144497468 2012-05-14 1 DONITA M JOSEPH 5624351191 2010 2016-02-24 21:20:13Z KEVIN ALEXANDER 2575 YORBA LINDA BLVD FULLERTON CA 92831 23493093 0 X WWW.SCCO.EDU X 1904 CA TO PROVIDE QUALITY OPTOMETRIC EDUCATION THROUGH TEACHING, PATIENT CARE, AND RESEARCH. 24 24 468 135 0 0 2286271 2460322 16612563 18378438 534797 482856 464365 541625 19897996 21863241 517151 411152 0 0 10968912 11745878 0 0 328259 7806476 8022318 19292539 20179348 605457 1683893 65135418 69535326 32298081 31935388 32837337 37599938 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 10703645 411152 13408132 OPTOMETRIC EDUCATION: WITH 398 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). 96 4TH-YEAR STUDENTS GRADUATED MAY 2011. FOR THE INCOMING FALL 2010 1ST YEARS, 280 WERE INTERVIEWED OUT OF 604 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. 4078212 0 5242329 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 24,765 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 $760,120 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 15,711 LIVES WERE TOUCHED THROUGH OUR 68 COMMUNITY SCHOOL SCREENING PROGRAMS. 952483 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. CLASS OF 2012 PROJECTS WERE UNDERTAKEN DURING THE YEAR, AND MORE THAN 40 ADDITIONAL PROPOSALS WERE SUBMITTED BY THE CLASS OF 2013. THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM AT SCCO HAS NOW ENROLLED 5 CANDIDATES. 15734340 1 1 0 0 0 0 0 0 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 0 0 0 0 1 43 0 1 468 1 0 1 EI 0 0 0 0 0 0 0 0 X 24 24 1 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 FRANCES M KNOTT 2.00 X 0 0 0 CHARLES MUNSON 2.00 X 0 0 0 TAMMIE K AKIYOSHI 2.00 X 0 0 0 SUELING H CHEN 2.00 X 0 0 0 DUANE DECROUPET 2.00 X 0 0 0 JOE DOBBS 2.00 X 0 0 0 MINARD DUNCAN 2.00 X 0 0 0 MARK A GALVAN 2.00 X 0 0 0 ROBERT GORDON 2.00 X 3774 0 0 CRAIG HAMILTON 2.00 X 0 0 0 JEROME HUNTER 2.00 X 0 0 0 DUNCAN JOHNSON 2.00 X 0 0 0 RICHARD JONES 2.00 X 0 0 0 GREGORY KAME 2.00 X 0 0 0 STEVE KURATA 2.00 X 0 0 0 WARREN LOW 2.00 X 0 0 0 JOSEPH C MALLINGER 2.00 X 0 0 0 DANIEL L MAY 2.00 X 0 0 0 CAROL NAJERA 2.00 X 0 0 0 RICHARD S PRICE 2.00 X 0 0 0 GLENDA SECOR 2.00 X 0 0 0 ROD TAHRAN 2.00 X 0 0 0 WAYNE WEDIN 2.00 X 0 0 0 KEVIN ALEXANDER 40.00 X 228486 0 29160 LISA ALBERS 40.00 X 127337 0 18198 MORRIS BERMAN 40.00 X 189620 0 26456 GEORGE COMER 40.00 X 134958 0 20946 TIMOTHY EDRINGTON 40.00 X 131279 0 20659 KENNETH BROOKMAN 40.00 X 123783 0 19922 LORRAINE VOORHEES 40.00 X 125485 0 20087 JERRY PAUGH 40.00 X 117687 0 20194 1182409 0 175622 8 0 1 0 0 273713 2186609 2460322 TUITION AND FEES 611600 12254912 12254912 CLINICS 621300 5242329 5242329 CONTINUED EDUCATION 611430 440617 440617 STUDENT HOUSING 532000 380994 380994 EDUCATIONAL PROGRAMS 611600 51511 51511 8075 8075 18378438 388623 388623 4169 4169 439355 194382 244973 244973 125040 119933 773429 675469 3727 97960 -3727 94233 94233 903257 756274 146983 146983 PARKING INCOME 812930 67852 67852 MISC. INCOME 900099 57361 57361 PRINTER/COPY MACHINE 900099 20287 20287 145500 21863241 18650461 0 752458 411152 411152 637947 637947 8753280 6892452 1674546 186282 679120 537829 126755 14536 1005484 765834 218952 20698 670047 495835 160811 13401 10409 10409 91607 91607 11725 11725 239779 177436 57547 4796 24146 24146 662772 492361 157104 13307 78408 1568 76056 784 492477 364433 118194 9850 192049 142116 46092 3841 164277 78853 77210 8214 781684 781684 1658263 1227115 397983 33165 70777 52375 16986 1416 EYE CARE CENTER EXPENSE 2607856 2607856 BUILDING/GROUNDS MAINT. 762591 564317 183022 15252 DUES 90546 34407 53422 2717 BOND COST AMORTIZATION 82571 82571 OTHER EXPENSES 381 381 20179348 15734340 4116749 328259 3570 3371 6000042 7914834 37949 132928 11423820 11312423 152964 153991 97445 130218 46039143 19918082 26917713 26121061 14974719 18185920 2863018 3017903 2664178 2562677 65135418 69535326 1729202 1909616 20007410 19037057 10561469 10988715 32298081 31935388 X 22081675 25362844 2802521 3853714 7953141 8383380 32837337 37599938 65135418 69535326 X 1683893 3078708 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16467121 74539 3825665 242727 1359285 18765313 15351008 105434 2810693 227529 1572485 16467121 18657860 24195 -2126807 1204240 15351008 0.67000 0.19000 0.14000 0 0 2728512 2728512 32004919 12970566 19034353 11305712 6947516 4358196 26121061 DEFERRED COMPENSATION 35695 TUITION AND DEPOSITS 1495032 OTHER CURRENT LIABILITIES 300490 FEDERAL ADVANCES FOR STUDENT LOANS 8030713 ANNUITIES PAYABLE 1126785 10988715 21863241 20179348 1683893 3337512 -258804 3078708 4762601 28077045 3337512 5738000 -133913 8941599 19135446 2727795 2727795 21863241 23312073 5738000 2581 5740581 17571492 2607856 2607856 20179348 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 104,413. TRUST AND ANNUITY LIABILITY OFFSET -243,278. BOOK/TAX DIFFERENCES FROM WOOD LANCASTER K-1 -119,939. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARY ADJUSTMENT TO ANNUITY 104,413. TRUST AND ANNUITY LIABILITY OFFSET -243,278. FOUNDATION PRESERVATION OF SIGHT 4,922. SCCO COLLEGE PROPERTIES 30. PART XII, LINE 4B - OTHER ADJUSTMENTS: WOOD LANDCASTER K-1 - BOOK TO TAX DIFFERENCE 119,939. EYE CARE CENTER PUBLIC SUPPORT AND INSURANCE ADJUSTMENTS 2,607,856. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SCCO COLLEGE PROPERTIES 30. FOUNDATION PRESERVATION OF SIGHT 2,551. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EYE CARE CENTER PUBLIC SUPPORT AND INSURANCE ADJUSTMENTS 2,607,856. 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 2010, WE RECEIVED 604 APPLICATIONS FROM FOURTEEN (14) 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. 1 SCHOLARSHIP - US DEPARTMENT OF HEALTH & HUMAN SERVICES 40 100000 PRIVATE SCHOLARSHIPS - DONOR CRITERIA 28 102527 PRIVATE SCHOLARSHIPS - COLLEGE CRITERIA 173 208625 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 ALEXANDER 228486 0 0 0 0 0 18000 0 11160 0 257646 0 0 0 MORRIS BERMAN 189620 0 0 0 0 0 16939 0 9517 0 216076 0 0 0 GEORGE COMER 134958 0 0 0 0 0 11532 0 9414 0 155904 0 0 0 TIMOTHY EDRINGTON 131279 0 0 0 0 0 11252 0 9407 0 151938 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 EDU- CATIONAL 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 FORM 990, PART VI, SECTION A, LINE 2 MARK GALVAN IS AN OFFICER AT MAX VISION CARE AND ROBERT GORDON IS A 35% OWNER OF MAX VISION CARE. MAX VISION CARE IS AN HMO INSURANCE GROUP THAT THE CLINIC ACCEPTS AS INSURANCE COVERAGE FOR PATIENTS. 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 GAINS ON INVESTMENTS: 3,337,512. ACTUARIAL ADJUSTMENT TO ANNUITY 104,413. TRUST AND ANNUITY LIABILITY OFFSET -243,278. BOOK/TAX DIFFERENCES FROM WOOD LANCASTER K-1 -119,939. TOTAL TO FORM 990, PART XI, LINE 5: 3,078,708. BOARD OF DIRECTOR COMPENSATION FORM 990, PART VII, SECTION A ROBERT GORDON IS A PART-TIME FACULTY MEMBER WHO WORKS ONCE A MONTH FOR THE COLLEGE. HE IS PAID A SMALL AMOUNT FOR HIS WORK AND DONATES BACK TO THE SCHOOL THE WAGES HE IS PAID. 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 954528 CASH