2026-05-14T19:14:14-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2024-07-01 951644593 MARSHALL B KETCHUM UNIVERSITY MARS 7144497400 2575 YORBA LINDA BLVD FULLERTON CA 92831 LORI JACKLIN VP ADMIN & FINANCE, CFO 7144497400 2026-05-14 1 1 PATRICIA J MAYER P00188643 8586271400 2026-05-14 2024 2025-03-06 01:10:19Z DR JULIE SCHORNACK 2575 YORBA LINDA BLVD FULLERTON CA 92831 84950058 0 X WWW.KETCHUM.EDU X 1904 CA 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. 12 11 288 12 55457 46806 2815627 1937909 38292391 39075388 1647035 40998963 736024 855358 43491077 82867618 891789 1242647 0 0 27717470 28222422 0 0 739276 12359159 14299861 40968418 43764930 2522659 39102688 111028389 153378861 43447965 42356198 67580424 111022663 X TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. 0 0 25511833 1242647 35882098 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). 10042302 0 3328780 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. 1067456 0 0 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. 36621591 1 1 0 0 0 0 0 1 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 1 1 0 0 1 189 0 1 288 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X RENEE BACIU 7144637541 5460 E LA PALMA AVE ANAHEIM CA 92807 DR JULIE SCHORNACK PRESIDENT 40.00 2.00 X 480022 0 110548 JUDY ORTIZ VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 0.00 X 310556 0 44910 ERIC BORSTING DEAN OF SCCO 40.00 0.00 X 298490 0 43462 MR FRANK J SCOTTI CFO/SVP ADMIN & FINANCE (THRU 1/25) 20.00 0.00 X 286402 0 40948 KEVIN ALEXANDER PRESIDENT EMERITUS 4.00 1.00 X 324500 0 0 MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00 0.00 X 227957 0 32202 JAVAD TAFRESHI EXECUTIVE ASSOC. DEAN FOR ACADEMIC AFFAIRS 40.00 0.00 X 210538 0 30100 MONICA TRIVEDI DEAN OF CLINICAL AFFAIRS & COMMUNITY OUTREAC 40.00 0.00 X 205392 0 29392 SUSAN COTTER PROFESSOR, VISION THERAPY 40.00 0.00 X 203366 0 31334 CARMEN BARNHARDT VICE PRESIDENT FOR STUDENT SERVICES 40.00 0.00 X 195476 0 25840 JOAN RUBIO VP FOR UNIVERSITY ADVANCEMENT 40.00 0.00 X 192639 0 26802 WENDELYN HOLTZEN VICE PRESIDENT FOR HUMAN RESOURCES 40.00 0.00 X 188484 0 27526 LORI JACKLIN VP ADMIN & FINANCE, CFO (FROM 1/25) 40.00 2.00 X 177454 0 23350 MS GAYE BREYMAN TRUSTEE 4.00 0.00 X 29412 0 0 DR RAY M BAKER CHAIRMAN 4.00 2.00 X X 0 0 0 DR CINDY BLANCQ VICE CHAIRMAN 4.00 2.00 X X 0 0 0 MR DAVID K GIBSON SECRETARY/TREASURER 6.00 2.00 X X 0 0 0 DR WYNETTE C AUGUSTINE TRUSTEE 4.00 0.00 X 0 0 0 MR GENE CALKINS TRUSTEE 4.00 0.00 X 0 0 0 DR LYNN CAFFREY GABRIEL TRUSTEE 4.00 0.00 X 0 0 0 MS HILARY HAWTHORNE TRUSTEE 4.00 0.00 X 0 0 0 MR EDWARD HERNANDEZ TRUSTEE 4.00 0.00 X 0 0 0 MR BENJAMIN KASKA TRUSTEE 4.00 0.00 X 0 0 0 DR ROBERT MCCOY TRUSTEE 4.00 0.00 X 0 0 0 MS PATRICIA NGUYEN TRUSTEE 4.00 0.00 X 0 0 0 3330688 0 466414 89 1 1 0 CERTIFIED MAINTENANCE SERVICES INC 13845 ALTON PKWY IRVINE CA 92618 JANITORIAL SERVICES 453993 CDW-G 75 REMITTANCE DR CHICAGO IL 60675 SOFTWARE SERVICES 329033 DELL MARKETING LP PO BOX 910916 PASADENA CA 91110 SOFTWARE SERVICES 193139 ONTARIO REFRIGERATION SERVICES INC 635 S MOUNTAIN AVE ONTARIO CA 91762 HVAC MAINTENANCE 181009 JENZABAR INC PO BOX 845588 BOSTON MA 02284 SOFTWARE SERVICES 126320 12 297028 363986 1276895 1937909 TUITION AND FEES 611600 33983211 33983211 EYE CARE CENTERS 621300 4953760 4953760 CONTINUING EDUCATION 611430 138417 138417 39075388 2702915 2702915 97 97 664968 95645 569323 569323 569323 152415 40050000 0 1906367 152415 38143633 38296048 38296048 48650 80428 -31778 -44728 12950 PARKING REVENUE 812930 180218 180218 ADVERTISING 541800 42507 42507 94991 94991 317716 82867618 39210878 55457 41663374 1242647 1242647 1738694 25697 1712997 22347252 21863015 484237 1367132 1325565 41567 1196334 868526 280188 47620 1573010 1117994 431492 23524 33609 33609 136944 136944 51440 51440 1095694 554215 494619 46860 197695 5906 191020 769 492130 292483 157891 41756 1136956 330196 806760 1545181 1380685 144756 19740 81213 65195 11254 4764 589425 214272 346714 28439 786146 786146 2237800 1887507 350293 467940 467940 EYE CARE CLINIC MATERIA 1084648 1084648 EQUIPMENT 1048294 1048294 DUES AND SUBSCRIPTIONS 470179 470179 2844567 2844567 43764930 36621591 6404063 739276 8451833 11929634 24998078 24286880 637410 550422 1011864 1228412 4839835 5043032 388957 373871 1284568 1431712 89355323 48749972 41841177 40605351 26576056 66968744 226926 226926 771685 733877 111028389 153378861 4764664 4664107 3553559 3543354 27510000 26925000 3729185 3288937 3890557 3934800 43447965 42356198 X 45133219 86744370 22447205 24278293 67580424 111022663 111028389 153378861 X 39102688 2224048 2115503 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2340656 X X 0 21251324 130115 1384479 431025 44113 22290780 21251994 84465 1385377 387204 1083308 21251324 21789760 81203 1023853 548130 1094692 21251994 23694542 228876 -1383141 255503 495014 21789760 23489448 291697 2867731 381055 2573279 23694542 0.43460 0.26200 0.30340 0 0 6463257 6463257 61499776 30924303 30575473 21122531 17825669 3296862 269759 269759 40605351 BOND PREMIUM DISCOUNTS 3397770 ANNUITIES PAYABLE 529594 OPERATING LEASE LIABILITIES 7436 3934800 X 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MBKU CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. SO WE HAVE SATISFIED THE PUBLICITY REQUIREMENT BY COMPLYING WITH SECTION 4.02 REV. PROC. 75-50, 1975-2 C.B. 587. SCHEDULE E, PART I, LINE 6 MARSHALL B. KETCHUM UNIVERSITY RECEIVES AID TO ASSIST STUDENTS WITH TUITION, LIVING EXPENSES, AND BOOKS AND MATERIALS. 1 PRIVATE SCHOLARSHIPS 50 67695 SCHOLARSHIPS 213 1174952 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. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DR JULIE SCHORNACK PRESIDENT 469122 0 0 0 10900 0 24150 0 86398 0 590570 0 0 0 JUDY ORTIZ VICE PRESIDENT FOR ACADEMIC AFFAIRS 309656 0 0 0 900 0 22455 0 22455 0 355466 0 0 0 ERIC BORSTING DEAN OF SCCO 298490 0 0 0 0 0 21731 0 21731 0 341952 0 0 0 MR FRANK J SCOTTI CFO/SVP ADMIN & FINANCE (THRU 1/25) 285502 0 0 0 900 0 20474 0 20474 0 327350 0 0 0 KEVIN ALEXANDER PRESIDENT EMERITUS 0 0 0 0 324500 0 0 0 0 0 324500 0 0 0 MARK NAKANO ASSOCIATE DEAN OF CLINICS 227057 0 0 0 900 0 16101 0 16101 0 260159 0 0 0 JAVAD TAFRESHI EXECUTIVE ASSOC. DEAN FOR ACADEMIC AFFAIRS 209676 0 0 0 862 0 15050 0 15050 0 240638 0 0 0 MONICA TRIVEDI DEAN OF CLINICAL AFFAIRS & COMMUNITY 204492 0 0 0 900 0 14696 0 14696 0 234784 0 0 0 SUSAN COTTER PROFESSOR, VISION THERAPY 203366 0 0 0 0 0 15667 0 15667 0 234700 0 0 0 CARMEN BARNHARDT VICE PRESIDENT FOR STUDENT SERVICES 194839 0 0 0 637 0 12920 0 12920 0 221316 0 0 0 JOAN RUBIO VP FOR UNIVERSITY ADVANCEMENT 191739 0 0 0 900 0 13401 0 13401 0 219441 0 0 0 WENDELYN HOLTZEN VICE PRESIDENT FOR HUMAN RESOURCES 187584 0 0 0 900 0 13763 0 13763 0 216010 0 0 0 LORI JACKLIN VP ADMIN & FINANCE, CFO (FROM 1/25) 176554 0 0 0 900 0 12729 0 10621 0 200804 0 0 0 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. A CITY OF FULLERTON PUBLIC FINANCING AUTHORITY 911917687 359816DE2 2021-09-15 33221377 SEE PART VI 0 0 0 A 8646383 33221377 570182 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: 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. 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. SCCO COLLEGE PROPERTIES INC 2575 YORBA LINDA BLVD FULLERTON CA 92831 953549243 TITLE HOLDING COMPANY CA 501(C)(2) N/A MARSHALL B KETCHUM UNIVERSITY 1 CHARITABLE REMAINDER UNITRUST (3) CHARRITABLE TRUST CA MARSHALL B KETCHUM UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCCO COLLEGE PROPERTIES INC C 297028 CASH SCCO COLLEGE PROPERTIES INC S 1904300 COST