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 06/2021, Marshall B Ketchum University employed 279 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 06/2021, Marshall B Ketchum University generated $47.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $39.4m during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
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 HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT. MBKU IS HOME TO THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY, THE SCHOOL OF PA STUDIES AND 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 PHARAMCY DEGREE. MBKU OWNS AND OPERATES TWO HEALTH CARE CENTERS: KETCHUM HEALTH IN ANAHEIM HILLS AND 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 2020, OUR TOTAL ENROLLMENT WAS 759 FULLTIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (412), PHYSICIAN ASSISTANT (PA) (122), PHARMACY (210), MASTER OF SCIENCE IN VISION SCIENCE (2) AND OUR INTERNATION PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (27).FOR THE 2020-21 ACADEMIC YEAR, WE GRADUATED 40 MEDICAL MASTER SCIENCE DEGREES AND PA CERTIFICATES, 98 DOCTOR OF OPTOMETRY DEGREES AND 47 DOCTOR OF PHARMACY DEGREES.ADMISSIONS PROCESS FOR FALL 2020 ENROLLMENT ARE REPORTED BELOW. AT THE OUTSET OF THE APPLICATION PERIOD, THE ADMISSIONS POLICY COMMITTEES ESTABLISH HIGH STANDARDS FOR GPAS, APPLICATION TEST SCORES AND ACADEMIC INDEX POINT MINIMUMS PROVIDING THRESHOLDS FOR ADMISSIONS PERSONNEL TO CAREFULLY SCREEN AND SELECT THE MOST QUALIFIED APPLICANTS TO INTERVIEW.PROGRAM: OPTOMETRYVERIFIED APPLICATIONS* 512INTERVIEWS CONDUCTED 281MATRICULATED CLASS 100PROGRAM: PAVERIFIED APPLICATIONS* 1,936INTERVIEWS CONDUCTED 175MATRICULATED CLASS 42PROGRAM: PHARMACYVERIFIED APPLICATIONS* 239INTERVIEWS CONDUCTED 140MATRICULATED CLASS 55*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 3 LIMITED-HOUR COMMUNITY CLINICS IN ORANGE COUNTY AND LOS ANGELES, MANY LOCATED IN LOW-INCOME AREAS. THE CLINICS TOGETHER SERVED 24,011 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 $364,352 IN PUBLIC SUPPORT THROUGH DISCOUNTS AND FEE WAIVERS. ALSO, 1,093 PATIENTS WERE SERVED THROUGH OUR 12 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 46 FULL-TIME FACULTY. COLLEGE OF OPTOMETRY RESEARCH INCLUDED EXTERNAL NATIONAL INSTITUTE OF HEALTH (NIH) / NATIONAL EYE INSTITUTE (NEI) GRANTS INCLUDING SEVERAL MULTI-CENTER STUDIES COORDINATED BY THE PEDIATRIC EYE DISEASE INVESTIGATOR GROUP (E.G. IXT5 AND ATS 22). IN ADDITION, INDUSTRY CONTRACTS HAVE BEEN AWARDED TO FACULTY RESEARCHERS BY OPHTHALMIC AND PHARMACEUTICAL COMPANIES INCLUDING GYROSCOPE THERAPEUTICS, GOOD LITE AND NEVAKAR . RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTER OF SCIENCE IN VISION SCIENCE GRADUATE PROGRAM WHICH HAD A TOTAL OF 16 COMPLETED AND 11 ENROLLED STUDENTS. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $137,000 AND THERE WERE 34 TOTAL PEER-REVIEWED PUBLICATIONS. THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE. THE DEPARTMENT OF PHARMACY PRACTICE HAS 17 FULL-TIME FACULTY MEMBERS, WITH 15 AS PHARMACY CLINICAL FACULTY AND TWO NON-CLINICAL FACULTY MEMBERS. BETWEEN JULY 1, 2020 AND JUNE 30, 2021 THE PHARMACY PRACTICE FACULTY PRODUCED 17 PEER-REVIEWED WORKS. THESE PUBLICATIONS WERE COMPOSED OF MANUSCRIPTS IN JOURNALS AS WELL AS SEVERAL BOOK CHAPTERS IN PHARMACY PRACTICE OR PHARMACEUTICAL SCIENCE TEXTS. THE DEPARTMENT OF PHARMACY PRACTICE DID NOT HAVE EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS DUIRNG THIS REPORTING PERIOD. THE DEPARTMENT OF PHARMACEUTICAL SCIENCES (DPS) HAS 8 FULL-TIME FACULTY MEMBERS, DPS RESEARCH INCLUDED EXTERNAL GRANTS SUCH AS A NEW INVESTIGATOR AWARD (AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY) AND EARLY CAREER FACULTY GRANT (AMERICAN ASSOCIATION OF IMMUNOLOGISTS). TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $9,500 AND THERE WERE A TOTAL OF 8 PEER-REVIEWED PUBLICATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Kevin Alexander President | Officer | 40 | $361,771 |
Dr Jennifer Coyle Dean Of Scco | 40 | $317,000 | |
Dr Edward Fisher Dean Of Pharmacy | 40 | $301,085 | |
Dr Julie Schornack Sr. VP & Chief Of Staff | Officer | 40 | $256,505 |
Mr Frank J Scotti Sr. VP For Administration And Finance & CFO | Officer | 40 | $248,107 |
Dr Judy Ortiz VP For Academic Affairs | 40 | $230,241 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Certified Maintenance Services Inc Janitorial/housekeeping Services | 6/29/21 | $273,082 |
Sincerus Solutions Inc Temporary Staffing | 6/29/21 | $139,974 |
Precision Security And Protective Servic Security Services | 6/29/21 | $136,583 |
Ontario Refrigeration Services Inc Hvac Maintenance & Repairs | 6/29/21 | $124,607 |
Mg Mako Painting Services | 6/29/21 | $109,393 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,198,925 |
Government grants | $4,598,690 |
All other contributions, gifts, grants, and similar amounts not included above | $1,001,035 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,798,650 |
Total Program Service Revenue | $39,393,732 |
Investment income | $398,096 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $350 |
Net Rental Income | $496,890 |
Net Gain/Loss on Asset Sales | -$3,467 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $3,115 |
Miscellaneous Revenue | $0 |
Total Revenue | $47,583,305 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $418,700 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,215,132 |
Compensation of current officers, directors, key employees. | $1,134,248 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,748,680 |
Pension plan accruals and contributions | $1,572,009 |
Other employee benefits | $2,241,353 |
Payroll taxes | $1,514,982 |
Fees for services: Management | $0 |
Fees for services: Legal | $32,879 |
Fees for services: Accounting | $101,702 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $26,499 |
Fees for services: Other | $869,426 |
Advertising and promotion | $62,505 |
Office expenses | $404,950 |
Information technology | $1,278,630 |
Royalties | $0 |
Occupancy | $1,049,396 |
Travel | $9,180 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,308,797 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,697,140 |
Insurance | $497,299 |
All other expenses | $592,402 |
Total functional expenses | $39,415,280 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,591,273 |
Savings and temporary cash investments | $24,409,478 |
Pledges and grants receivable | $857,653 |
Accounts receivable, net | $943,235 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,455,278 |
Inventories for sale or use | $345,823 |
Prepaid expenses and deferred charges | $463,370 |
Net Land, buildings, and equipment | $47,218,181 |
Investments—publicly traded securities | $20,138,445 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $226,926 |
Other assets | $320,793 |
Total assets | $105,970,455 |
Accounts payable and accrued expenses | $5,438,628 |
Grants payable | $0 |
Deferred revenue | $3,675,908 |
Tax-exempt bond liabilities | $25,600,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $6,877,750 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,996,739 |
Total liabilities | $46,589,025 |
Net assets without donor restrictions | $37,431,318 |
Net assets with donor restrictions | $21,950,112 |
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 | $105,970,455 |
Over the last fiscal year, we have identified 7 grants that Marshall B Ketchum University has recieved totaling $190,116.
Awarding Organization | Amount |
---|---|
Good Hope Medical Foundation South Pasadena, CA PURPOSE: USC DENTAL SCHOOL CLINIC AT UNION RESCUE MISSION | $75,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: FUNDING TO SUPPORT THE UNDERSERVED VISION CARE PROGRAM AT UECLA, WHICH PROVIDES ECONOMICALLY DISADVANTAGED PATIENTS WITH COMPREHENSIVE EYE EXAMS, FRAMES AND LENSES, TREATMENT AND FOLLOW-UP CARE FOR DIAGNOSED EYE DISORDERS. FUNDING WOULD ALSO ENABLE US TO PURCHASE OPTOMETRY EQUIPMENT THAT WILL ALLOW HEALTH CARE PROFESSIONALS TO SEE MORE PATIENTS AND INCREASE PRECISION AND EFFICIENCY OF SPECIALTY CONTACT LENS FITTINGS FOR PATIENTS WITH CORNEAL DISEASE. | $35,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: FUNDING TO SUPPORT THE UNDERSERVED VISION CARE PROGRAM AT UECLA, WHICH PROVIDES ECONOMICALLY DISADVANTAGED PATIENTS WITH COMPREHENSIVE EYE EXAMS, FRAMES AND LENSES, TREATMENT AND FOLLOW-UP CARE FOR DIAGNOSED EYE DISORDERS. FUNDING TO PURCHASE OPTOMETRY EQUIPMENT THAT WILL ALLOW HEALTH CARE PROFESSIONALS TO SEE MORE PATIENTS AND INCREASE PRECISION AND EFFICIENCY OF SPECIALTY CONTACT LENS FITTINGS FOR PATIENTS WITH CORNEAL DISEASE. | $35,000 |
Alcon Foundation Fort Worth, TX PURPOSE: COMMUNITY | $30,000 |
Abbvie Foundation North Chicago, IL PURPOSE: GENERAL MISSION | $10,000 |
Elias Genevieve & Georgianna Atol Char Tr Los Angeles, CA PURPOSE: SUPPORTING COLLEGE EDUCATION | $5,000 |
Beg. Balance | $23,489,448 |
Earnings | $2,867,731 |
Net Contributions | $291,697 |
Other Expense | $73,278 |
Grants | $381,055 |
Ending Balance | $26,194,543 |
Organization Name | Assets | Revenue |
---|---|---|
Samuel Merritt University Oakland, CA | $325,100,331 | $118,517,115 |
Dominican University Of California San Rafael, CA | $120,936,382 | $85,037,820 |
Kaiser Permanente Bernard J Tyson School Of Medicine Inc Oakland, CA | $109,560,789 | $87,175,278 |
Fuller Theological Seminary Pasadena, CA | $257,080,633 | $48,939,173 |
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |