Marshall B Ketchum University is located in Fullerton, CA. The organization was established in 1954. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Marshall B Ketchum University employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall B Ketchum University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Marshall B Ketchum University generated $42.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $40.4m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
GRADUATE 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 2021, OUR TOTAL ENROLLMENT WAS 706 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (400), PHYSICIAN ASSISTANT (PA) (121), PHARMACY (180), MASTER OF SCIENCE IN VISION SCIENCE (0), AND OUR INTERNATION PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (5). FOR THE 2021-22 ACADEMIC YEAR, WE GRADUATED 41 MEDICAL MASTER'S SCIENCE DEGREES AND PA CERTIFICATES, 104 DOCTOR OPTOMETRY DEGREES, 55 DOCTOR OF PHARMACY DEGREES, 6 MASTER OF SCIENCE IN VISION SCIENCE, AND 9 MASTER OF SCIENCE IN CLINICAL OPTOMETRY. THE ADMISSIONS PROCESS FOR FALL 2021 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* 542 INTERVIEWS CONDUCTED 257 MATRICULATED CLASS 103 PROGRAM: PA VERIFIED APPLICATIONS* 1,936 INTERVIEWS CONDUCTED 176 MATRICULATED CLASS 40PROGRAM: PHARMACY VERIFIED APPLICATIONS* 244 INTERVIEWS CONDUCTED 222 MATRICULATED CLASS 35 *VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM(I.E., OPTOMCAS, CASPA, AND PHARMCAS).
CLINICAL 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 27,677 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 $569,997 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 2,109 PATIENTS WERE SERVED THROUGH OUR 18 SCHOOL SCREENING PROGRAMS.
RESEARCH: 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, PHYSICAL AND FINANCIAL RESOURCES TO FACULTY AND STUDENTS WHO ENGAGE IN RESEARCH.THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY AT MBKU HAS 47 FULL-TIME FACULTY. A TOTAL OF 16 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 12 PROJECTS ACTIVE DURING THE YEAR AND THERE WERE 3 ACTIVE STUDENT RESEARCH ELECTIVES. TOTAL EXTERNAL GRANT REVENUE FOR THE PERIOD WAS $ 85,637 AND THERE WERE 11 PEER-REVIEWED PUBLICATIONS.THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE.THE DEPARTMENT OF PHARMACY PRACTICE HAS 18 FULL-TIME FACULTY MEMBERS, WITH 16 AS PHARMACY CLINICAL FACULTY AND TWO NON-CLINICAL FACULTY MEMBERS. DURING THE YEAR PHARMACY PRACTICE FACULTY PRODUCED 17 PEER-REVIEWED WORKS. THE DEPARTMENT OF PHARMACY PRACTICE DID NOT HAVE EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS DURING THIS REPORTING PERIOD.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 $51,000 AND THERE WERE A TOTAL OF 5 PEER-REVIEWED PUBLICATIONS.THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES (SPAS) AT MBKU HAD 10 FULL-TIME AND 3 PART-TIME FACULTY. SCHOLARLY RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTERS CAPSTONE PROJECT (MCP) WHICH HAD A TOTAL OF 8 COMPLETED AND 38 ENROLLED STUDENTS. THERE WAS NO DIRECT GRANT REVENUE FOR THE PERIOD AND THERE WERE 7 TOTAL PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Daniel May Trustee | Trustee | 4 | $83,565 |
Mr Richard Price Chairman Of The Board | OfficerTrustee | 6 | $3,546 |
Dr Lynn Gabriel Vice Chair | OfficerTrustee | 6 | $0 |
Dr Ray Baker Secretary/treasurer | OfficerTrustee | 6 | $0 |
Dr Wynette Augustine Trustee | Trustee | 4 | $0 |
Dr Cindy Blancq Trustee | Trustee | 4 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Certified Maintenance Services Inc Janitorial/housekeeping Services | 6/29/22 | $435,705 |
G & G Security Inc Security Personel To Support Security Te | 6/29/22 | $211,690 |
Lcs Constructors Inc General Contractor | 6/29/22 | $158,134 |
Ontario Refrigeration Services Inc Hvac Maintenance & Repairs | 6/29/22 | $113,514 |
Moss Adams Llp Auditor/tax Provider | 6/29/22 | $143,965 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $223,134 |
Related organizations | $1,249,769 |
Government grants | $522,681 |
All other contributions, gifts, grants, and similar amounts not included above | $727,709 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,723,293 |
Total Program Service Revenue | $38,403,234 |
Investment income | $770,917 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $197 |
Net Rental Income | $373,772 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$89,460 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $34,636 |
Miscellaneous Revenue | $0 |
Total Revenue | $42,566,228 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $434,250 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,292,323 |
Compensation of current officers, directors, key employees. | $1,208,758 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $20,847,238 |
Pension plan accruals and contributions | $1,627,807 |
Other employee benefits | $2,250,327 |
Payroll taxes | $1,494,178 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $119,125 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $39,203 |
Fees for services: Other | $962,401 |
Advertising and promotion | $119,151 |
Office expenses | $470,173 |
Information technology | $977,976 |
Royalties | $0 |
Occupancy | $1,232,885 |
Travel | $37,822 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $424,734 |
Interest | $827,084 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,489,172 |
Insurance | $556,950 |
All other expenses | $2,512,552 |
Total functional expenses | $40,395,622 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,538,305 |
Savings and temporary cash investments | $24,151,952 |
Pledges and grants receivable | $728,597 |
Accounts receivable, net | $888,003 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,973,046 |
Inventories for sale or use | $386,934 |
Prepaid expenses and deferred charges | $781,871 |
Net Land, buildings, and equipment | $45,203,517 |
Investments—publicly traded securities | $20,162,128 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $226,926 |
Other assets | $841,655 |
Total assets | $104,882,934 |
Accounts payable and accrued expenses | $5,370,431 |
Grants payable | $0 |
Deferred revenue | $3,728,235 |
Tax-exempt bond liabilities | $28,505,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,564,878 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,272,148 |
Total liabilities | $46,440,692 |
Net assets without donor restrictions | $38,201,620 |
Net assets with donor restrictions | $20,240,622 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $104,882,934 |