2024-05-13T17:54:45-05:00 2023-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2022-07-01 953549243 SCCO COLLEGE PROPERTIES INC SCCO 7144497400 2575 YORBA LINDA BLVD FULLERTON CA 92831 FRANK J SCOTTI SR VP ADMIN & FINANCE, CFO 7144497400 2024-05-12 1 FRANK SCOTTI 999009999 1 PATRICIA J MAYER P00188643 8586271400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR JULIE SCHORNACK 2575 YORBA LINDA BLVD FULLERTON CA 92831 1313362 0 X N/A X 1981 CA TO SUPPORT MBKU AS A TITLE HOLDING CORPORATION. 5 3 0 4 0 0 0 0 0 0 0 0 1249769 1313362 1249769 1313362 1249769 1313362 0 0 0 0 0 0 0 0 0 1249769 1313362 0 0 1904300 1904300 0 0 1904300 1904300 TO SUPPORT THE EDUCATIONAL MISSION OF MARSHALL B. KETCHUM UNIVERSITY. 0 0 1313362 1313362 1313362 NET RENTAL INCOME WAS TRANSFERRED TO MARSHALL B. KETCHUM UNIVERSITY, A 501(C)(3) CORPORATION, TO SUPPORT ITS EDUCATION MISSION TO 704 STUDENTS. 1313362 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X LORI JACKLIN 7144637541 5460 E LA PALMA AVE ANAHEIM CA 92807 JULIE SCHORNACK PRESIDENT 2.00 40.00 X X 0 370163 74625 FRANK SCOTTI SR VP ADMIN & FINANCE, CFO 2.00 40.00 X X 0 267279 35435 LYNN GABRIEL CHAIR 2.00 6.00 X X 0 0 0 RAY BAKER VICE CHAIR 2.00 4.00 X X 0 0 0 CINDY BLANQ SECRETARY/TREASURER 2.00 4.00 X X 0 2088 0 RICHARD PRICE TRUSTEE 1.00 4.00 X 0 2850 0 KEVIN ALEXANDER PRESIDENT THRU 6.30.22 1.00 40.00 X 0 443241 111544 0 1085621 221604 0 0 1 0 0 1313362 0 1313362 1313362 1313362 1313362 1313362 0 0 1313362 1313362 1904300 1904300 1904300 1904300 1904300 0 0 X 1904300 1904300 1904300 1904300 1904300 1904300 0 0 X 0 1 X 1 0 1904300 1904300 1904300 X 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, 2023 AND 2022. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 MARSHALL B KETCHUM UNIVERSITY 2575 YORBA LINDA BOULEVARD FULLERTON CA 92831 951644593 501(C)(3) 1313362 0 FUNDS ARE GIVEN TO SUPPORT THE UNIVERSITY AND ITS EDUCATIONAL PURPOSE. 1 0 PART I, LINE 2: THE ENTITY MAKES A GRANT TO MARSHALL B. KETCHUM UNIVERSITY, AN ORGANIZATION THAT IS A RELATED TAX EXEMPT ORGANIZATION. THE ENTITY OPERATES IN CONJUNCTION WITH THE UNIVERSITY. THERE IS BOARD OVERLAP BETWEEN THE ORGANIZATIONS AS WELL. ALL FUNDS ARE USED TO SUPPORT THE UNIVERSITY AND ITS EDUCATIONAL PURPOSE. 0 1 0 KEVIN ALEXANDER PRESIDENT THRU 6.30.22 0 392753 0 0 0 50488 0 27053 0 84491 0 554785 0 0 JULIE SCHORNACK PRESIDENT 0 364680 0 0 0 5483 0 27450 0 47175 0 444788 0 0 FRANK SCOTTI SR VP ADMIN & FINANCE, CFO 0 266379 0 0 0 900 0 24464 0 10971 0 302714 0 0 PART I, LINE 4B PRESIDENT EMERITUS, KEVIN ALEXANDER, PARTICIPATED IN A 457F PLAN. THERE WERE NO CONTRIBUTIONS MADE FOR 2022. PART I, LINE 3: COMPENSATION FOR OFFICERS IS NOT PAID BY THE ORGANIZATION BUT BY THE RELATED ORGANIZATION MARSHALL B. KETCHUM UNIVERSITY (MBKU). MBKU DETERMINES THE COMPENSATION OF THE OFFICERS USING THE FOLLOWING: 1. COMPENSATION COMMITTEE 2. WRITTEN EMPLOYMENT CONTRACTS 3. INDEPENDENT COMPENSATION CONSULTANT 4. COMPENSATION SURVEY OR STUDY 5. REVIEW OF THE FORM 990 OF COMPARABLE ORGANIZATIONS 6. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 6 MARSHALL B. KETCHUM UNIVERSITY IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE CORPORATE MEMBER SERVES AS A DIRECTOR IF A SEAT ON THE BOARD OF THE ORGANIZATION IS VACANT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT INCLUDING THE SR. VP FOR ADMINISTRATION AND FINANCE. 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 THE ORGANIZATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY IMPLEMENTED BY MARSHALL B. KETCHUM UNIVERSITY. ALL BOARD MEMBERS ARE ALSO BOARD MEMBERS OF MBKU, SO CONFLICTS OF INTEREST HAVE BEEN MONITORED ON AN ANNUAL BASIS WITH THE UNIVERSITY. SCCO COLLEGE PROPERTIES HAS OFFICIALLY ADOPTED THE SAME CONFLICT OF INTEREST POLICY AND PROCEDURE THAT IS IN PLACE FOR MBKU. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES AND THEREFORE DOES NOT HAVE A PROCESS FOR DETERMINING COMPENSATION. THE OFFICERS AND KEY EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION. 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. MARSHALL B KETCHUM UNIVERSITY 2575 YORBA LINDA BLVD FULLERTON CA 92831 951644593 HEALTHCARE EDUCATION CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0