Nonprofit · EIN 95-1644593
MARSHALL B KETCHUM UNIVERSITY
Tax-exempt · FULLERTON, CA 92831
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $82,867,618 | $43,764,930 | $39,102,688 | $153,378,861 | $42,356,198 | $111,022,663 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,937,909
- of which government grants
- $363,986
- Program service revenue
- $39,075,388
- Investment income
- $40,998,963
- Royalties
- $97
- Net rental income
- $569,323
- Net gain from sales of assets
- $38,296,048
- Net income from sales of inventory
- -$31,778
- Other revenue
- $855,358
Expenses
- Grants and similar amounts paid
- $1,242,647
- Compensation of officers, directors and key employees
- $1,738,694
- Other salaries and wages
- $22,347,252
- Salaries, compensation and benefits (total)
- $28,222,422
- Professional fundraising fees
- $0
- Legal fees
- $33,609
- Accounting fees
- $136,944
- Occupancy
- $1,545,181
- Travel
- $81,213
- Depreciation
- $2,237,800
- Program services (functional)
- $36,621,591
- Management and general (functional)
- $6,404,063
- Fundraising (functional)
- $739,276
Balance sheet and other
- Total assets, start of year
- $111,028,389
- Total assets, end of year
- $153,378,861
- Total liabilities, end of year
- $42,356,198
- Net assets, end of year
- $111,022,663
- Land, buildings and equipment
- $40,605,351
- Publicly traded securities
- $66,968,744
- Net assets without donor restrictions
- $86,744,370
- Net assets with donor restrictions
- $24,278,293
- Gross unrelated business income
- $55,457
- Gross receipts
- $84,950,058
- Employees
- 288
- Volunteers
- 12
- Year formed
- 1904
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR JULIE SCHORNACK | PRESIDENT Officer | 40 | $480,022 | $110,548 |
| JUDY ORTIZ | VICE PRESIDENT FOR ACADEMIC AFFAIRS Key employee | 40 | $310,556 | $44,910 |
| ERIC BORSTING | DEAN OF SCCO Key employee | 40 | $298,490 | $43,462 |
| MR FRANK J SCOTTI | CFO/SVP ADMIN & FINANCE (THRU 1/25) Officer | 20 | $286,402 | $40,948 |
| KEVIN ALEXANDER | PRESIDENT EMERITUS Former | 4 | $324,500 | $0 |
| MARK NAKANO | ASSOCIATE DEAN OF CLINICS Highest-paid employee | 40 | $227,957 | $32,202 |
| JAVAD TAFRESHI EXECUTIVE | ASSOC. DEAN FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $210,538 | $30,100 |
| MONICA TRIVEDI | DEAN OF CLINICAL AFFAIRS & COMMUNITY OUTREAC Highest-paid employee | 40 | $205,392 | $29,392 |
| SUSAN COTTER | PROFESSOR, VISION THERAPY Highest-paid employee | 40 | $203,366 | $31,334 |
| CARMEN BARNHARDT | VICE PRESIDENT FOR STUDENT SERVICES Key employee | 40 | $195,476 | $25,840 |
| JOAN RUBIO | VP FOR UNIVERSITY ADVANCEMENT Key employee | 40 | $192,639 | $26,802 |
| WENDELYN HOLTZEN | VICE PRESIDENT FOR HUMAN RESOURCES Highest-paid employee | 40 | $188,484 | $27,526 |
| LORI JACKLIN | VP ADMIN & FINANCE, CFO (FROM 1/25) Officer | 40 | $177,454 | $23,350 |
| MS GAYE BREYMAN | TRUSTEE Trustee or director | 4 | $29,412 | $0 |
| DR RAY M BAKER | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CINDY BLANCQ | VICE CHAIRMAN Trustee or director, Officer | 4 | $0 |
| MR DAVID K GIBSON | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 |
| DR WYNETTE C AUGUSTINE | TRUSTEE Trustee or director | 4 | $0 |
| MR GENE CALKINS | TRUSTEE Trustee or director | 4 | $0 |
| DR LYNN CAFFREY GABRIEL | TRUSTEE Trustee or director | 4 | $0 |
| MS HILARY HAWTHORNE | TRUSTEE Trustee or director | 4 | $0 |
| MR EDWARD HERNANDEZ | TRUSTEE Trustee or director | 4 | $0 |
| MR BENJAMIN KASKA | TRUSTEE Trustee or director | 4 | $0 |
| DR ROBERT MCCOY | TRUSTEE Trustee or director | 4 | $0 |
| MS PATRICIA NGUYEN | TRUSTEE Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 2575 YORBA LINDA BLVD, FULLERTON, CA 92831-1615
- Principal officer (990 for 2024)
- DR JULIE SCHORNACK, 2575 YORBA LINDA BLVD, FULLERTON, CA 92831
- Signed the 990
- LORI JACKLIN, VP ADMIN & FINANCE, CFO
- Phone
- (714) 449-7400
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT.
Program accomplishments
- 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).Expenses $25,511,833 · grants $1,242,647 · revenue $35,882,098
- 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.Expenses $10,042,302 · revenue $3,328,780
- 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.Expenses $1,067,456
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-1644593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1954
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $153,378,861
- Income (IRS master file)
- $84,950,058
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $44,264,355 | $41,255,903 | $107,650,928 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $42,566,228 | $40,395,622 | $104,882,934 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MARSHALL B KETCHUM UNIVERSITY
- What is the EIN of MARSHALL B KETCHUM UNIVERSITY?
- The employer identification number (EIN) of MARSHALL B KETCHUM UNIVERSITY is 95-1644593.
- Is MARSHALL B KETCHUM UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to MARSHALL B KETCHUM UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARSHALL B KETCHUM UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARSHALL B KETCHUM UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARSHALL B KETCHUM UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MARSHALL B KETCHUM UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR JULIE SCHORNACK.
- Who are the officers and directors of MARSHALL B KETCHUM UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 25 people; 14 received compensation from the organization, the highest $480,022 (DR JULIE SCHORNACK, PRESIDENT).
- How much revenue does MARSHALL B KETCHUM UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $82,867,618, expenses of $43,764,930 and total assets of $153,378,861 at year end.
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