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Nonprofiteer
← MARSHALL B KETCHUM UNIVERSITY

Form 990 for tax year 2022

Filed by MARSHALL B KETCHUM UNIVERSITY.

Totals

Total revenue
$44,264,355
Total expenses
$41,255,903
Contributions and grants received
$3,293,252
Grants paid
$626,197
Program service revenue
$38,283,474
Investment income
$1,868,179
Other revenue
$819,450
Total assets, end of year
$107,650,928
Total liabilities, end of year
$44,891,181
Net assets or fund balances, end of year
$62,759,747
Program services expenses (Part IX)
$32,537,330
Management and general expenses
$8,027,014
Fundraising expenses
$691,559
Program service expenses (Part III)
$32,537,330

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,313,362

  • 1e · Government grants (contributions)

    $494,142

  • 1f · All other contributions, gifts and grants

    $1,485,748

  • 2a · Program service revenue: TUITION AND FEES

    total $34,063,002 · related or exempt $34,063,002

  • 2b · Program service revenue: EYE CARE CENTERS

    total $4,062,315 · related or exempt $4,062,315

  • 2c · Program service revenue: CONTINUING EDUCATION

    total $158,157 · related or exempt $158,157

  • 3 · Investment income

    total $1,157,754 · excluded $1,157,754

  • 5 · Royalties

    total $21 · excluded $21

  • 6a · Gross rents

    real property $598,684

  • 6b · Less rental expenses

    real property $108,665

  • 6c · Rental income or loss

    real property $490,019

  • 6d · Net rental income or loss

    total $490,019 · excluded $490,019

  • 7a · Gross sales of assets other than inventory

    securities $419,343 · other assets $710,425

  • 7b · Less cost or other basis and sales expenses

    securities $419,343 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $710,425

  • 7d · Net gain or loss

    total $710,425 · excluded $710,425

  • 10a · Gross sales of inventory

    $63,790

  • 10b · Cost of goods sold

    $65,646

  • 10c · Net income from sales of inventory

    total -$1,856 · related or exempt -$22,669 · unrelated business $20,813

  • 11a · Other revenue: PARKING REVENUE

    total $173,692 · related or exempt $173,692

  • 11b · Other revenue: ADVERTISING

    total $59,686 · unrelated business $59,686

  • 11d · All other revenue

    total $97,888 · excluded $97,888

  • 11e · Other revenue, total

    $331,266

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $626,197 · program services $626,197

  • 5 · Compensation of officers, directors and key employees

    total $3,067,269 · program services $84,587 · management and general $2,982,682

  • 7 · Other salaries and wages

    total $19,612,429 · program services $18,847,725 · management and general $360,510 · fundraising $404,194

  • 8 · Pension plan contributions

    total $1,657,660 · program services $1,615,136 · fundraising $42,524

  • 9 · Other employee benefits

    total $2,343,691 · program services $1,701,496 · management and general $548,905 · fundraising $93,290

  • 10 · Payroll taxes

    total $1,532,856 · program services $1,089,455 · management and general $420,477 · fundraising $22,924

  • 11b · Fees: legal

    total $33,689 · management and general $33,689

  • 11c · Fees: accounting

    total $122,435 · management and general $122,435

  • 11f · Fees: investment management

    total $36,900 · management and general $36,900

  • 11g · Fees: other

    total $1,055,555 · program services $533,912 · management and general $476,499 · fundraising $45,144

  • 12 · Advertising and promotion

    total $131,400 · program services $3,925 · management and general $126,964 · fundraising $511

  • 13 · Office expenses

    total $421,227 · program services $250,344 · management and general $135,143 · fundraising $35,740

  • 14 · Information technology

    total $1,064,363 · program services $309,114 · management and general $755,249

  • 16 · Occupancy

    total $1,279,390 · program services $1,143,189 · management and general $119,856 · fundraising $16,345

  • 17 · Travel

    total $95,714 · program services $76,836 · management and general $13,263 · fundraising $5,615

  • 19 · Conferences, conventions and meetings

    total $523,796 · program services $190,414 · management and general $308,110 · fundraising $25,272

  • 20 · Interest

    total $794,459 · management and general $794,459

  • 22 · Depreciation, depletion and amortization

    total $2,339,919 · program services $1,973,641 · management and general $366,278

  • 23 · Insurance

    total $425,595 · management and general $425,595

  • 24a · Other expenses: EYE CARE CLINIC MATERIA

    total $967,692 · program services $967,692

  • 24b · Other expenses: EQUIPMENT

    total $840,224 · program services $840,224

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $351,427 · program services $351,427

  • 24e · All other expenses

    total $1,932,016 · program services $1,932,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,538,305 · end of year $8,144,122

  • 2 · Savings and temporary cash investments

    beginning of year $24,151,952 · end of year $18,641,066

  • 3 · Pledges and grants receivable

    beginning of year $728,597 · end of year $722,331

  • 4 · Accounts receivable

    beginning of year $888,003 · end of year $1,265,905

  • 7 · Other notes and loans receivable

    beginning of year $3,973,046 · end of year $4,804,984

  • 8 · Inventories for sale or use

    beginning of year $386,934 · end of year $443,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $781,871 · end of year $1,447,600

  • 10a · Land, buildings and equipment: cost or other basis

    $88,179,641

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,573,054

  • 10c · Land, buildings and equipment, net

    beginning of year $45,203,517 · end of year $43,606,587

  • 11 · Investments: publicly traded securities

    beginning of year $20,162,128 · end of year $27,527,599

  • 14 · Intangible assets

    beginning of year $226,926 · end of year $226,926

  • 15 · Other assets

    beginning of year $841,655 · end of year $820,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,370,431 · end of year $4,948,597

  • 19 · Deferred revenue

    beginning of year $3,728,235 · end of year $3,900,100

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,505,000 · end of year $28,075,000

  • 23 · Secured mortgages and notes payable

    beginning of year $4,564,878 · end of year $4,081,464

  • 25 · Other liabilities

    beginning of year $4,272,148 · end of year $3,886,020

  • 27 · Net assets without donor restrictions

    beginning of year $38,201,620 · end of year $41,541,129

  • 28 · Net assets with donor restrictions

    beginning of year $20,240,622 · end of year $21,218,618

Mission and programs · 2022

Mission

TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT.

Activities or mission (Part I)

THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY 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 PA 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 HILLS AND THE UNIVERSITY EYE CENTER IN LOS ANGELES.

  • SEE SCHEDULE OGRADUATE EDUCATION: THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT, AND THE CURRICULUM HAS BEEN ESTABLISHED TO ACHIEVE THIS GOAL. IN ADDITION TO THE RIGOROUS ACADEMIC AND CLINICAL CURRICULUM ON CAMPUS, ALL PROFESSIONAL STUDENTS ROTATE THROUGH SEVERAL EXTERNAL CLINICAL SITES TO BROADEN AND DIVERSIFY THEIR LEARNING EXPERIENCES TO PREPARE THEM FOR CAREERS IN HEALTH CARE. IN THE FALL OF 2022, OUR TOTAL ENROLLMENT WAS 672 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (394), PHYSICIAN ASSISTANT (PA) (117), PHARMACY (160), MASTER OF SCIENCE IN VISION SCIENCE (1), AND OUR INTERNATIONAL PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (11). IN ADDITION, MBKU HAD 4 OPTOMETRY AND 10 PHARMACY PART-TIME STUDENTS. FOR THE 2022-23 ACADEMIC YEAR, WE GRADUATED 36 MEDICAL MASTER'S SCIENCE DEGREES AND PA CERTIFICATES, 47 DOCTOR OPTOMETRY DEGREES, 47 DOCTOR OF PHARMACY DEGREES, 0 MASTER OF SCIENCE IN VISION SCIENCE, AND 4 MASTER OF SCIENCE IN CLINICAL OPTOMETRY. THE ADMISSIONS PROCESS FOR FALL 2022 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: 438INTERVIEWS CONDUCTED: 196 MATRICULATED CLASS: 106 PROGRAM: PA VERIFIED APPLICATIONS: 1,753 INTERVIEWS CONDUCTED: 171 MATRICULATED CLASS: 40PROGRAM: PHARMACY VERIFIED APPLICATIONS: 189 INTERVIEWS CONDUCTED: 109 MATRICULATED CLASS: 28*VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM (I.E., OPTOMCAS, CASPA, AND PHARMCAS).

    Expenses $22,666,597 · Grants $626,197 · Revenue $35,160,015

  • SEE SCHEDULE OCLINICAL EDUCATION VISION/PATIENT CARE: AFFILIATED WITH THE EDUCATION PROGRAM, THE UNIVERSITY OPERATES FULL-SERVICE VISION CLINICS ON ITS ORANGE COUNTY CAMPUS AND IN DOWNTOWN LOS ANGELES, PLUS 4 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY AND LOS ANGELES, MANY LOCATED IN LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 27,857 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 $526,239 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 1,109 PATIENTS WERE SERVED THROUGH OUR 9 SCHOOL SCREENING PROGRAMS.

    Expenses $8,922,323 · Revenue $3,274,482

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $948,410

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dr Daniel L May

    TRUSTEE

    Total calculated
    $84,587
    From this org
    $84,587
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mr Richard S Price Past Chairman

    TRUSTEE

    Total calculated
    $2,850
    From this org
    $2,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • Dr Lynn Caffrey Gabriel

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    6 + 2 related

  • Dr Ray M Baker

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Dr Cindy Blanq

    SECRETARY/TREASURER

    Total calculated
    $2,088
    From this org
    $2,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 2 related

  • Dr Wynette C Augustine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Ms Gaye Breyman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Mr Walter L Buster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Mr David K Gibson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Dr Dawn M Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Dr Kelvin Nguyen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Dr Glenda B Secor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Dr Rodney L Tahran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Kevin Alexander

    PRESIDENT THRU 6.30.22

    Total calculated
    $554,785
    From this org
    $443,241
    From related orgs
    $0
    Other
    $111,544
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $392,753
    Bonus
    $0
    Other
    $50,488
    Deferred
    $27,053
    Nontaxable benefits
    $84,491
    Filer's total
    $554,785

  • Dr Julie Schornack

    PRESIDENT

    Total calculated
    $444,788
    From this org
    $370,163
    From related orgs
    $0
    Other
    $74,625
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $364,680
    Bonus
    $0
    Other
    $5,483
    Deferred
    $27,450
    Nontaxable benefits
    $47,175
    Filer's total
    $444,788

  • Mr Frank J Scotti

    SR. VP FOR ADMINISTRATION AND FINANCE & CFO

    Total calculated
    $302,714
    From this org
    $267,279
    From related orgs
    $0
    Other
    $35,435
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $266,379
    Bonus
    $0
    Other
    $900
    Deferred
    $24,464
    Nontaxable benefits
    $10,971
    Filer's total
    $302,714

  • Edward Fisher

    DEAN OF PHARMACY

    Total calculated
    $351,069
    From this org
    $312,571
    From related orgs
    $0
    Other
    $38,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,671
    Bonus
    $0
    Other
    $900
    Deferred
    $26,100
    Nontaxable benefits
    $12,398
    Filer's total
    $351,069

  • Judy Ortiz

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $303,491
    From this org
    $266,044
    From related orgs
    $0
    Other
    $37,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,144
    Bonus
    $0
    Other
    $900
    Deferred
    $24,863
    Nontaxable benefits
    $12,584
    Filer's total
    $303,491

  • Eric Borsting

    DEAN OF SCCO

    Total calculated
    $247,869
    From this org
    $212,999
    From related orgs
    $0
    Other
    $34,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,999
    Bonus
    $0
    Other
    $0
    Deferred
    $20,236
    Nontaxable benefits
    $14,634
    Filer's total
    $247,869

  • Carmen Barnhardt

    VP FOR STUDENT SERVICES

    Total calculated
    $233,698
    From this org
    $201,946
    From related orgs
    $0
    Other
    $31,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,046
    Bonus
    $0
    Other
    $900
    Deferred
    $19,168
    Nontaxable benefits
    $12,584
    Filer's total
    $233,698

  • Allison Mollet

    PROGRAM DIRECTOR FOR SPAS & ASSOCIATE PROFESSOR

    Total calculated
    $199,934
    From this org
    $183,511
    From related orgs
    $0
    Other
    $16,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,611
    Bonus
    $0
    Other
    $900
    Deferred
    $16,423
    Nontaxable benefits
    $0
    Filer's total
    $199,934

  • Joan Rubio

    VP FOR UNIVERSITY ADVANCEMENT

    Total calculated
    $197,027
    From this org
    $180,621
    From related orgs
    $0
    Other
    $16,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,721
    Bonus
    $0
    Other
    $900
    Deferred
    $16,406
    Nontaxable benefits
    $0
    Filer's total
    $197,027

  • Mark Nakano

    ASSOCIATE DEAN OF CLINICS

    Total calculated
    $248,917
    From this org
    $219,421
    From related orgs
    $0
    Other
    $29,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,521
    Bonus
    $0
    Other
    $900
    Deferred
    $19,894
    Nontaxable benefits
    $9,602
    Filer's total
    $248,917

  • Susan Cotter

    PROFESSOR, VISION THERAPY

    Total calculated
    $246,823
    From this org
    $212,675
    From related orgs
    $0
    Other
    $34,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,675
    Bonus
    $0
    Other
    $0
    Deferred
    $19,973
    Nontaxable benefits
    $14,175
    Filer's total
    $246,823

  • Monica Trivedi

    ASSOC. DEAN OF CLINICAL AFFAIRS AND COMMUNITY OUTR

    Total calculated
    $220,453
    From this org
    $202,189
    From related orgs
    $0
    Other
    $18,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,289
    Bonus
    $0
    Other
    $900
    Deferred
    $18,264
    Nontaxable benefits
    $0
    Filer's total
    $220,453

  • Javad Tafreshi

    EXECUTIVE ASSOC. DEAN FOR ACADEMIC AFFAIRS

    Total calculated
    $233,073
    From this org
    $199,560
    From related orgs
    $0
    Other
    $33,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,660
    Bonus
    $0
    Other
    $900
    Deferred
    $18,879
    Nontaxable benefits
    $14,634
    Filer's total
    $233,073

  • Wendelyn Holzen

    VP FOR HUMAN RESOURCES

    Total calculated
    $214,163
    From this org
    $188,954
    From related orgs
    $0
    Other
    $25,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,054
    Bonus
    $0
    Other
    $900
    Deferred
    $16,744
    Nontaxable benefits
    $8,465
    Filer's total
    $214,163

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS A CONDITION OF EMPLOYMENT, THE MBKU PRESIDENT IS PROVIDED A HOUSING ALLOWANCE OF $33,000, 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 2022.
PART I, LINE 7
BONUSES ARE DISCRETIONARY AND APPROVED BY THE PRESIDENT FOR ANY EMPLOYEE OTHER THAN THE PRESIDENT. IF THE PRESIDENT IS AWARDED A BONUS, IT IS APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUST (3)

    T · CHARITABLE TRUST · CA

    Directly controlled by MARSHALL B KETCHUM UNIVERSITY

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349312401

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