MARSHALL B KETCHUM UNIVERSITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MARSHALL B KETCHUM UNIVERSITY (EIN 95-1644593)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202641349349311594
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T19:14:14-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4747 EXECUTIVE DR SUITE 1300 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951644593 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARSHALL B KETCHUM UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MARS | BusinessNameControlTxt |
| Phone | 7144497400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 YORBA LINDA BLVD | AddressLine1Txt |
| City | FULLERTON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORI JACKLIN | PersonNm |
| Person Title | VP ADMIN & FINANCE, CFO | PersonTitleTxt |
| Phone | 7144497400 | PhoneNum |
| Signature | 2026-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICIA J MAYER | PreparerPersonNm |
| PTIN | P00188643 | PTIN |
| Phone | 8586271400 | PhoneNum |
| Preparation | 2026-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR JULIE SCHORNACK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 YORBA LINDA BLVD | AddressLine1Txt |
| City | FULLERTON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $84,950,058 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.KETCHUM.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1904 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY (MBKU) IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTHCARE IN AN INTERPROFESSIONAL ENVIRONMENT. MBKU IS HOME TO THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY, THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES, AND THE 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, AND THE COLLEGE OF PHARMACY AWARDS A DOCTOR OF PHARMACY DEGREE. MBKU OWNS AND OPERATES TWO HEALTHCARE CENTERS: KETCHUM HEALTH IN ANAHEIM AND THE UNIVERSITY EYE CENTER IN LOS ANGELES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 288 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $55,457 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $46,806 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,815,627 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,937,909 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $38,292,391 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $39,075,388 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,647,035 | PYInvestmentIncomeAmt |
| CY Investment Income | $40,998,963 | CYInvestmentIncomeAmt |
| PY Other Revenue | $736,024 | PYOtherRevenueAmt |
| CY Other Revenue | $855,358 | CYOtherRevenueAmt |
| PY Total Revenue | $43,491,077 | PYTotalRevenueAmt |
| CY Total Revenue | $82,867,618 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $891,789 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,242,647 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $27,717,470 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $28,222,422 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $739,276 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,359,159 | PYOtherExpensesAmt |
| CY Other Expenses | $14,299,861 | CYOtherExpensesAmt |
| PY Total Expenses | $40,968,418 | PYTotalExpensesAmt |
| CY Total Expenses | $43,764,930 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,522,659 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $39,102,688 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $111,028,389 | TotalAssetsBOYAmt |
| Total Assets EOY | $153,378,861 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $43,447,965 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $42,356,198 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $67,580,424 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $111,022,663 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $25,511,833 | ExpenseAmt |
| Grant | $1,242,647 | GrantAmt |
| Revenue | $35,882,098 | RevenueAmt |
| Desc | SEE SCHEDULE OGRADUATE EDUCATION: THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS, 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 2024, OUR TOTAL ENROLLMENT WAS 633 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (403), PHYSICIAN ASSISTANT (119), PHARMACY (105), MASTER OF SCIENCE IN VISION SCIENCE (0), AND OUR INTERNATIONAL PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (6). IN ADDITION, MBKU HAD 2 OPTOMETRY AND 9 PHARMACY PART-TIME STUDENTS. FOR THE 2024-25 ACADEMIC YEAR, WE GRADUATED 38 MEDICAL MASTER'S SCIENCE DEGREES AND PHYSICIAN ASSISTANT CERTIFICATES, 90 DOCTOR OPTOMETRY DEGREES, 26 DOCTOR OF PHARMACY DEGREES, 0 MASTER OF SCIENCE IN VISION SCIENCE, AND 6 MASTER OF SCIENCE IN CLINICAL OPTOMETRY (THIS IS THE LAST YEAR OF THIS PROGRAM).THE ADMISSIONS PROCESS FOR FALL 2024 ENROLLMENT IS REPORTED BELOW. AT THE OUTSET OF THE APPLICATION PERIOD, THE ADMISSIONS POLICY COMMITTEES ESTABLISH STANDARDS FOR GPAS, APPLICATION TEST SCORES, IF APPLICABLE, AND ACADEMIC INDEX POINT MINIMUMS PROVIDING THRESHOLDS FOR ADMISSIONS PERSONNEL TO CAREFULLY SCREEN AND SELECT THE MOST QUALIFIED APPLICANTS TO INTERVIEW.PROGRAM: OPTOMETRY VERIFIED APPLICATIONS* 437INTERVIEWS CONDUCTED 193 MATRICULATED CLASS 106PROGRAM: PHYSICIAN ASSISTANTVERIFIED APPLICATIONS* 1,879INTERVIEWS CONDUCTED 140MATRICULATED CLASS 40PROGRAM: PHARMACY VERIFIED APPLICATIONS* 184 INTERVIEWS CONDUCTED 118 MATRICULATED CLASS 30*VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM(I.E., OPTOMCAS, CASPA, AND PHARMCAS). | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,042,302 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $3,328,780 | RevenueAmt |
| Desc | SEE SCHEDULE OCLINICAL EDUCATION VISION/PATIENT CARE: AFFILIATED WITH THE EDUCATION PROGRAM, THE UNIVERSITY OPERATES FULL-SERVICE VISION CLINICS ON ITS ANAHEIM CAMPUS AND IN DOWNTOWN LOS ANGELES, PLUS 5 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY AND LOS ANGELES, MANY LOCATED IN LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 29,050 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 $499,960.77 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. WE PARTICIPATED IN 2 SCHOOL SCREENINGS FOR 2025 AND CARED FOR 383 PATIENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,067,456 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SEE SCHEDULE ORESEARCH: THE UNIVERSITY SUPPORTS RESEARCH WITHIN THE THREE UNIVERSITY PROGRAMS, THE COLLEGES OF OPTOMETRY AND PHARMACY AND THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES. THE UNIVERSITY PROVIDES ADMINISTRATIVE, AND FINANCIAL RESOURCES TO FACULTY AND STUDENTS WHO ENGAGE IN RESEARCH.THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY AT MBKU HAS 35 FULL-TIME FACULTY. A TOTAL OF 32 FACULTY STUDIES WERE ACTIVE DURING THE YEAR, THAT INCLUDED EXTERNALLY-FUNDED STUDIES (E.G., GRANTS FROM NIH, PROFESSIONAL ORGANIZATIONS, FOUNDATIONS AND INDUSTRY), AND SELF-FUNDED STUDIES. THE MS IN VISION SCIENCE PROGRAM HAD 6 PROJECTS ACTIVE DURING THE YEAR AND 1 ACTIVE STUDENT RESEARCH ELECTIVE. TOTAL EXTERNAL GRANT REVENUE FOR THE PERIOD WAS $416,034 AND THERE WERE 20 PEER-REVIEWED PUBLICATIONS.THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE.THE DEPARTMENT OF PHARMACY PRACTICE HAS 12 FULL-TIME FACULTY MEMBERS, WITH 11 AS PHARMACY CLINICAL FACULTY AND 1 NON-CLINICAL FACULTY MEMBER. DURING THE YEAR, PHARMACY PRACTICE FACULTY PRODUCED 36 PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS AND 4 EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS.THE DEPARTMENT OF PHARMACEUTICAL SCIENCES (DPS) HAS 7 FULL-TIME FACULTY MEMBERS WHOSE RESEARCH INCLUDED EXTERNAL GRANTS, SUCH AS ONE FROM THE US DEPARTMENT OF AGRICULTURE. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $25,698 AND THERE WERE A TOTAL OF 9 PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS.THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES AT MBKU HAD 8 FULL-TIME AND 5 PART-TIME FACULTY. SCHOLARLY RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTERS CAPSTONE PROJECT (MCP) WHICH HAD A TOTAL OF 8 COMPLETED. THE SPAS PROGRAM HAD A CLASS OF 40 ENROLLED STUDENTS FOR 2025. THERE WAS NO DIRECT GRANT REVENUE FOR THE PERIOD AND THERE WERE 4 TOTAL PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $36,621,591 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 189 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 288 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RENEE BACIU | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7144637541 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5460 E LA PALMA AVE | AddressLine1Txt |
| City | ANAHEIM | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92807 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|---|
| DR JULIE SCHORNACK | ||||||||||
| PRESIDENT | 40.00 | 2.00 | Yes (X) | $480,022 | $0 | $110,548 | ||||
| JUDY ORTIZ | ||||||||||
| VICE PRESIDENT FOR ACADEMIC AFFAIRS | 40.00 | 0.00 | $310,556 | $0 | $44,910 | Yes (X) | ||||
| ERIC BORSTING | ||||||||||
| DEAN OF SCCO | 40.00 | 0.00 | $298,490 | $0 | $43,462 | Yes (X) | ||||
| MR FRANK J SCOTTI | ||||||||||
| CFO/SVP ADMIN & FINANCE (THRU 1/25) | 20.00 | 0.00 | Yes (X) | $286,402 | $0 | $40,948 | ||||
| KEVIN ALEXANDER | ||||||||||
| PRESIDENT EMERITUS | 4.00 | 1.00 | $324,500 | $0 | $0 | Yes (X) | ||||
| MARK NAKANO | ||||||||||
| ASSOCIATE DEAN OF CLINICS | 40.00 | 0.00 | $227,957 | $0 | $32,202 | Yes (X) | ||||
| JAVAD TAFRESHI EXECUTIVE | ||||||||||
| ASSOC. DEAN FOR ACADEMIC AFFAIRS | 40.00 | 0.00 | $210,538 | $0 | $30,100 | Yes (X) | ||||
| MONICA TRIVEDI | ||||||||||
| DEAN OF CLINICAL AFFAIRS & COMMUNITY OUTREAC | 40.00 | 0.00 | $205,392 | $0 | $29,392 | Yes (X) | ||||
| SUSAN COTTER | ||||||||||
| PROFESSOR, VISION THERAPY | 40.00 | 0.00 | $203,366 | $0 | $31,334 | Yes (X) | ||||
| CARMEN BARNHARDT | ||||||||||
| VICE PRESIDENT FOR STUDENT SERVICES | 40.00 | 0.00 | $195,476 | $0 | $25,840 | Yes (X) | ||||
| JOAN RUBIO | ||||||||||
| VP FOR UNIVERSITY ADVANCEMENT | 40.00 | 0.00 | $192,639 | $0 | $26,802 | Yes (X) | ||||
| WENDELYN HOLTZEN | ||||||||||
| VICE PRESIDENT FOR HUMAN RESOURCES | 40.00 | 0.00 | $188,484 | $0 | $27,526 | Yes (X) | ||||
| LORI JACKLIN | ||||||||||
| VP ADMIN & FINANCE, CFO (FROM 1/25) | 40.00 | 2.00 | Yes (X) | $177,454 | $0 | $23,350 | ||||
| MS GAYE BREYMAN | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $29,412 | $0 | $0 | Yes (X) | ||||
| DR RAY M BAKER | ||||||||||
| CHAIRMAN | 4.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| DR CINDY BLANCQ | ||||||||||
| VICE CHAIRMAN | 4.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| MR DAVID K GIBSON | ||||||||||
| SECRETARY/TREASURER | 6.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| DR WYNETTE C AUGUSTINE | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| MR GENE CALKINS | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| DR LYNN CAFFREY GABRIEL | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| MS HILARY HAWTHORNE | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| MR EDWARD HERNANDEZ | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| MR BENJAMIN KASKA | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| DR ROBERT MCCOY | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| MS PATRICIA NGUYEN | ||||||||||
| TRUSTEE | 4.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,330,688 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $466,414 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 89 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CERTIFIED MAINTENANCE SERVICES INC | |||||
| 13845 ALTON PKWY | IRVINE | CA | 92618 | JANITORIAL SERVICES | $453,993 |
| CDW-G | |||||
| 75 REMITTANCE DR | CHICAGO | IL | 60675 | SOFTWARE SERVICES | $329,033 |
| DELL MARKETING LP | |||||
| PO BOX 910916 | PASADENA | CA | 91110 | SOFTWARE SERVICES | $193,139 |
| ONTARIO REFRIGERATION SERVICES INC | |||||
| 635 S MOUNTAIN AVE | ONTARIO | CA | 91762 | HVAC MAINTENANCE | $181,009 |
| JENZABAR INC | |||||
| PO BOX 845588 | BOSTON | MA | 02284 | SOFTWARE SERVICES | $126,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $297,028 | RelatedOrganizationsAmt |
| Government Grants | $363,986 | GovernmentGrantsAmt |
| All Other Contributions | $1,276,895 | AllOtherContributionsAmt |
| Total Contributions | $1,937,909 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $33,983,211 | $33,983,211 |
| EYE CARE CENTERS | 621300 | $4,953,760 | $4,953,760 |
| CONTINUING EDUCATION | 611430 | $138,417 | $138,417 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $39,075,388 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,702,915 | TotalRevenueColumnAmt |
| Exclusion | $2,702,915 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97 | TotalRevenueColumnAmt |
| Exclusion | $97 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $664,968 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $95,645 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $569,323 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $569,323 | TotalRevenueColumnAmt |
| Exclusion | $569,323 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $152,415 | SecuritiesAmt |
| Other | $40,050,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $1,906,367 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $152,415 | SecuritiesAmt |
| Other | $38,143,633 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,296,048 | TotalRevenueColumnAmt |
| Exclusion | $38,296,048 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $48,650 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $80,428 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$31,778 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$44,728 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $12,950 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| PARKING REVENUE | 812930 | $180,218 | $180,218 | |
| ADVERTISING | 541800 | $42,507 | $42,507 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $94,991 | TotalRevenueColumnAmt |
| Exclusion | $94,991 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $317,716 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,867,618 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $39,210,878 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $55,457 | UnrelatedBusinessRevenueAmt |
| Exclusion | $41,663,374 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,242,647 | TotalAmt |
| Program Services | $1,242,647 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,738,694 | TotalAmt |
| Program Services | $25,697 | ProgramServicesAmt |
| Management And General | $1,712,997 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,347,252 | TotalAmt |
| Program Services | $21,863,015 | ProgramServicesAmt |
| Fundraising | $484,237 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,367,132 | TotalAmt |
| Program Services | $1,325,565 | ProgramServicesAmt |
| Fundraising | $41,567 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,196,334 | TotalAmt |
| Program Services | $868,526 | ProgramServicesAmt |
| Management And General | $280,188 | ManagementAndGeneralAmt |
| Fundraising | $47,620 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,573,010 | TotalAmt |
| Program Services | $1,117,994 | ProgramServicesAmt |
| Management And General | $431,492 | ManagementAndGeneralAmt |
| Fundraising | $23,524 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,609 | TotalAmt |
| Management And General | $33,609 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,944 | TotalAmt |
| Management And General | $136,944 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,440 | TotalAmt |
| Management And General | $51,440 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,095,694 | TotalAmt |
| Program Services | $554,215 | ProgramServicesAmt |
| Management And General | $494,619 | ManagementAndGeneralAmt |
| Fundraising | $46,860 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,695 | TotalAmt |
| Program Services | $5,906 | ProgramServicesAmt |
| Management And General | $191,020 | ManagementAndGeneralAmt |
| Fundraising | $769 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $492,130 | TotalAmt |
| Program Services | $292,483 | ProgramServicesAmt |
| Management And General | $157,891 | ManagementAndGeneralAmt |
| Fundraising | $41,756 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,136,956 | TotalAmt |
| Program Services | $330,196 | ProgramServicesAmt |
| Management And General | $806,760 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,545,181 | TotalAmt |
| Program Services | $1,380,685 | ProgramServicesAmt |
| Management And General | $144,756 | ManagementAndGeneralAmt |
| Fundraising | $19,740 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,213 | TotalAmt |
| Program Services | $65,195 | ProgramServicesAmt |
| Management And General | $11,254 | ManagementAndGeneralAmt |
| Fundraising | $4,764 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $589,425 | TotalAmt |
| Program Services | $214,272 | ProgramServicesAmt |
| Management And General | $346,714 | ManagementAndGeneralAmt |
| Fundraising | $28,439 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $786,146 | TotalAmt |
| Management And General | $786,146 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,237,800 | TotalAmt |
| Program Services | $1,887,507 | ProgramServicesAmt |
| Management And General | $350,293 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $467,940 | TotalAmt |
| Management And General | $467,940 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| EYE CARE CLINIC MATERIA | $1,084,648 | $1,084,648 |
| EQUIPMENT | $1,048,294 | $1,048,294 |
| DUES AND SUBSCRIPTIONS | $470,179 | $470,179 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,844,567 | TotalAmt |
| Program Services | $2,844,567 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,764,930 | TotalAmt |
| Program Services | $36,621,591 | ProgramServicesAmt |
| Management And General | $6,404,063 | ManagementAndGeneralAmt |
| Fundraising | $739,276 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,451,833 | BOYAmt |
| EOY | $11,929,634 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,998,078 | BOYAmt |
| EOY | $24,286,880 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $637,410 | BOYAmt |
| EOY | $550,422 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,011,864 | BOYAmt |
| EOY | $1,228,412 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,839,835 | BOYAmt |
| EOY | $5,043,032 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $388,957 | BOYAmt |
| EOY | $373,871 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,284,568 | BOYAmt |
| EOY | $1,431,712 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $89,355,323 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,749,972 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,841,177 | BOYAmt |
| EOY | $40,605,351 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,576,056 | BOYAmt |
| EOY | $66,968,744 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,926 | BOYAmt |
| EOY | $226,926 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $771,685 | BOYAmt |
| EOY | $733,877 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,028,389 | BOYAmt |
| EOY | $153,378,861 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,764,664 | BOYAmt |
| EOY | $4,664,107 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,553,559 | BOYAmt |
| EOY | $3,543,354 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,510,000 | BOYAmt |
| EOY | $26,925,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,729,185 | BOYAmt |
| EOY | $3,288,937 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,890,557 | BOYAmt |
| EOY | $3,934,800 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,447,965 | BOYAmt |
| EOY | $42,356,198 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,133,219 | BOYAmt |
| EOY | $86,744,370 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,447,205 | BOYAmt |
| EOY | $24,278,293 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,580,424 | BOYAmt |
| EOY | $111,022,663 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,028,389 | BOYAmt |
| EOY | $153,378,861 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $39,102,688 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,224,048 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $2,115,503 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Held Works Art HeldWorksArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $2,340,656 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,251,324 | BeginningYearBalanceAmt |
| Contributions | $130,115 | ContributionsAmt |
| Investment Earnings Or Losses | $1,384,479 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $431,025 | GrantsOrScholarshipsAmt |
| Other Expenditures | $44,113 | OtherExpendituresAmt |
| End Year Balance | $22,290,780 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,251,994 | BeginningYearBalanceAmt |
| Contributions | $84,465 | ContributionsAmt |
| Investment Earnings Or Losses | $1,385,377 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $387,204 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,083,308 | OtherExpendituresAmt |
| End Year Balance | $21,251,324 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,789,760 | BeginningYearBalanceAmt |
| Contributions | $81,203 | ContributionsAmt |
| Investment Earnings Or Losses | $1,023,853 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $548,130 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,094,692 | OtherExpendituresAmt |
| End Year Balance | $21,251,994 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,694,542 | BeginningYearBalanceAmt |
| Contributions | $228,876 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,383,141 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $255,503 | GrantsOrScholarshipsAmt |
| Other Expenditures | $495,014 | OtherExpendituresAmt |
| End Year Balance | $21,789,760 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,489,448 | BeginningYearBalanceAmt |
| Contributions | $291,697 | ContributionsAmt |
| Investment Earnings Or Losses | $2,867,731 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $381,055 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,573,279 | OtherExpendituresAmt |
| End Year Balance | $23,694,542 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.43460 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.26200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.30340 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,463,257 | OtherCostOrOtherBasisAmt |
| Book Value | $6,463,257 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $61,499,776 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,924,303 | DepreciationAmt |
| Book Value | $30,575,473 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,122,531 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,825,669 | DepreciationAmt |
| Book Value | $3,296,862 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $269,759 | OtherCostOrOtherBasisAmt |
| Book Value | $269,759 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $40,605,351 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BOND PREMIUM DISCOUNTS | $3,397,770 |
| ANNUITIES PAYABLE | $529,594 |
| OPERATING LEASE LIABILITIES | $7,436 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,934,800 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| PRIVATE SCHOLARSHIPS | 50 | $67,695 |
| SCHOLARSHIPS | 213 | $1,174,952 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 RELEASED TO THE STUDENTS, BUT ARE USED TO OFFSET TUITION COSTS BY THE FINANCIAL AID OFFICE. ADDITIONALLY, IF WE ARE THE RECIPIENT OF GRANTS (RESEARCH AND OTHERWISE), THE PI OR APPROPRIATE AUTHORITY FAMILIAR WITH THE GRANT ENSURES GRANT COMPLIANCE IN ACCORDANCE WITH THE GRANT DOCUMENT. FOR CLINIC RELATED GRANTS, REVIEW/APPROVAL IS BY JOAN RUBIO, VP OF UNIVERSITY ADVANCEMENT. |
| PART III, COLUMN C: | OF THIS AMOUNT, $67,695 ARE FOR AWARDS THAT WERE RELEASED DIRECTLY TO STUDENTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR JULIE SCHORNACK | ||||||||||||||
| PRESIDENT | $469,122 | $0 | $0 | $0 | $10,900 | $0 | $24,150 | $0 | $86,398 | $0 | $590,570 | $0 | $0 | $0 |
| JUDY ORTIZ | ||||||||||||||
| VICE PRESIDENT FOR ACADEMIC AFFAIRS | $309,656 | $0 | $0 | $0 | $900 | $0 | $22,455 | $0 | $22,455 | $0 | $355,466 | $0 | $0 | $0 |
| ERIC BORSTING | ||||||||||||||
| DEAN OF SCCO | $298,490 | $0 | $0 | $0 | $0 | $0 | $21,731 | $0 | $21,731 | $0 | $341,952 | $0 | $0 | $0 |
| MR FRANK J SCOTTI | ||||||||||||||
| CFO/SVP ADMIN & FINANCE (THRU 1/25) | $285,502 | $0 | $0 | $0 | $900 | $0 | $20,474 | $0 | $20,474 | $0 | $327,350 | $0 | $0 | $0 |
| KEVIN ALEXANDER | ||||||||||||||
| PRESIDENT EMERITUS | $0 | $0 | $0 | $0 | $324,500 | $0 | $0 | $0 | $0 | $0 | $324,500 | $0 | $0 | $0 |
| MARK NAKANO | ||||||||||||||
| ASSOCIATE DEAN OF CLINICS | $227,057 | $0 | $0 | $0 | $900 | $0 | $16,101 | $0 | $16,101 | $0 | $260,159 | $0 | $0 | $0 |
| JAVAD TAFRESHI EXECUTIVE | ||||||||||||||
| ASSOC. DEAN FOR ACADEMIC AFFAIRS | $209,676 | $0 | $0 | $0 | $862 | $0 | $15,050 | $0 | $15,050 | $0 | $240,638 | $0 | $0 | $0 |
| MONICA TRIVEDI | ||||||||||||||
| DEAN OF CLINICAL AFFAIRS & COMMUNITY | $204,492 | $0 | $0 | $0 | $900 | $0 | $14,696 | $0 | $14,696 | $0 | $234,784 | $0 | $0 | $0 |
| SUSAN COTTER | ||||||||||||||
| PROFESSOR, VISION THERAPY | $203,366 | $0 | $0 | $0 | $0 | $0 | $15,667 | $0 | $15,667 | $0 | $234,700 | $0 | $0 | $0 |
| CARMEN BARNHARDT | ||||||||||||||
| VICE PRESIDENT FOR STUDENT SERVICES | $194,839 | $0 | $0 | $0 | $637 | $0 | $12,920 | $0 | $12,920 | $0 | $221,316 | $0 | $0 | $0 |
| JOAN RUBIO | ||||||||||||||
| VP FOR UNIVERSITY ADVANCEMENT | $191,739 | $0 | $0 | $0 | $900 | $0 | $13,401 | $0 | $13,401 | $0 | $219,441 | $0 | $0 | $0 |
| WENDELYN HOLTZEN | ||||||||||||||
| VICE PRESIDENT FOR HUMAN RESOURCES | $187,584 | $0 | $0 | $0 | $900 | $0 | $13,763 | $0 | $13,763 | $0 | $216,010 | $0 | $0 | $0 |
| LORI JACKLIN | ||||||||||||||
| VP ADMIN & FINANCE, CFO (FROM 1/25) | $176,554 | $0 | $0 | $0 | $900 | $0 | $12,729 | $0 | $10,621 | $0 | $200,804 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | AS A CONDITION OF EMPLOYMENT, THE MBKU PRESIDENT IS PROVIDED A HOUSING ALLOWANCE OF $72,000, WHICH IS INCLUDED IN THE COMPENSATION INFORMATION PRESENTED IN PART VII OF THE FORM 990 AND IN SCHEDULE J. |
| PART I, LINE 4B | PRESIDENT EMERITUS, KEVIN ALEXANDER, PARTICIPATED IN A 457F PLAN. THERE WERE NO CONTRIBUTIONS MADE FOR 2024. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF FULLERTON PUBLIC FINANCING AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 911917687 | BondIssuerEIN |
| CUSIP | 359816DE2 | CUSIPNum |
| Bond Issued | 2021-09-15 | BondIssuedDt |
| Issue Price | $33,221,377 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $8,646,383 | RetiredAmt |
| Total Proceeds | $33,221,377 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $570,182 | IssuanceCostsFromProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: | FormAndLineReferenceDesc |
| Explanation | THE NET PROCEEDS WERE USED TO REFINANCE SERIES 2015A (TAX-EXEMPT BONDS) AND THE SERIES 2015B (TAXABLE BONDS) AND THE CURRENT OUTSTANDING PRINCIPAL BALANCE IS $26,925,000 AND $3,397,770, RESPECTIVELY. THESE RESOURCES WILL BE USED TO ESTABISH A PROJECT FUND FOR ADDITIONAL CAPITAL EXPENDITURES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY MANAGEMENT INCLUDING THE VP FOR ADMINISTRATION AND FINANCE, AND CFO. PRIOR TO SUBMITTING TO THE 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. IF A PERSON HAS A CONFLICT OF INTEREST THEY ARE NOT ALLOWED TO VOTE ON THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE SALARY FOR THE UNIVERSITY PRESIDENT WHEN SIGNIFICANT CHANGES ARE PRESENTED. IN ADDITION, THE PRESIDENT'S CONTRACT IS ESTABLISHED AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED MARCH 2023. OTHER OFFICERS AND KEY EMPLOYEES SALARIES ARE DETERMINED AND APPROVED BY THE UNIVERSITY PRESIDENT. COMPENSATION IS DETERMINED BY USING COMPARABLE DATA AND INDEPENDENT COMPENSATION STUDIES. THIS PROCESS IS DOCUMENTED AND WAS LAST COMPLETED MARCH 2025. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE UNIVERSITY'S MAIN OFFICE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 211,203. TRANSFER ASSET FROM RELATED ORGANIZATION 1,904,300. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCCO COLLEGE PROPERTIES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 YORBA LINDA BLVD | AddressLine1Txt |
| City | FULLERTON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953549243 | EIN |
| Primary Activities | TITLE HOLDING COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(2) | ExemptCodeSectionTxt |
| Public Charity Status | N/A | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARSHALL B KETCHUM UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUST (3) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARRITABLE TRUST | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARSHALL B KETCHUM UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SCCO COLLEGE PROPERTIES INC | ||
| C | $297,028 | CASH |
| SCCO COLLEGE PROPERTIES INC | ||
| S | $1,904,300 | COST |