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Marshall B Ketchum University

Fullerton, CA · EIN 95-1644593 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Marshall B Ketchum University reported $82.9 million in revenue and $43.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.68 went to program services, $14.63 to management and general costs and $1.69 to fundraising. Its largest source of revenue was investment income: 49.5% of the total. The highest compensation it reported for one person was $590,570 (PRESIDENT). 89 people received more than $100,000 in reportable compensation. Revenue rose 95% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $44M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $83M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
83.7%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.38$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.4%1.1%
Program service revenue share
Part VIII 2g ÷ 12
47.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$590,570$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.35%1.28%
People paid over $100,000
Part VII, line 2
898
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
30.413.3
Independent voting board members
Part VI 1a–1b
11 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$26M expenses · 69.7% of program spending · grants $1.2M · revenue $36M

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…

$10M expenses · 27.4% of program spending · revenue $3.3M

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…

$1.1M expenses · 2.9% of program spending

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…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$480,022$0$110,548$590,570
VICE PRESIDENT FOR ACADEMIC AFFAIRS
Key employee, 40.00 hrs/week
$310,556$0$44,910$355,466
DEAN OF SCCO
Key employee, 40.00 hrs/week
$298,490$0$43,462$341,952
CFO/SVP ADMIN & FINANCE (THRU 1/25)
Officer, 20.00 hrs/week
$286,402$0$40,948$327,350
PRESIDENT EMERITUS
Former, 4.00 hrs/week
$324,500$0$0$324,500
ASSOCIATE DEAN OF CLINICS
Highest compensated employee, 40.00 hrs/week
$227,957$0$32,202$260,159
ASSOC. DEAN FOR ACADEMIC AFFAIRS
Highest compensated employee, 40.00 hrs/week
$210,538$0$30,100$240,638
DEAN OF CLINICAL AFFAIRS & COMMUNITY OUTREAC
Highest compensated employee, 40.00 hrs/week
$205,392$0$29,392$234,784

89 people received more than $100,000 in reportable compensation from Marshall B Ketchum University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$83M$44M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$83M$44M83.7%$111M$590,570
FY2024 ⓘ$43M$41M78.8%$68M$600,333
FY2023 ⓘ$44M$41M78.9%$63M$554,785
FY2022 ⓘ$43M$40M75.9%$58M$610,233
FY2021 ⓘ$48M$39M73.2%$59M$597,162
FY2020 ⓘ$42M$39M71.3%$47M$567,991

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5288
  • Volunteers Part I, line 612

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CERTIFIED MAINTENANCE SERVICES INC
Janitorial services
$453,993
CDW-G
Software services
$329,033
DELL MARKETING LP
Software services
$193,139
ONTARIO REFRIGERATION SERVICES INC
Hvac maintenance
$181,009
JENZABAR INC
Software services
$126,320

Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to Marshall B Ketchum University totaling $43,624 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Marshall B Ketchum University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Marshall B Ketchum University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in California

Questions people ask

How much of Marshall B Ketchum University's spending goes to programs?

In the fiscal year ending June 30, 2025, Marshall B Ketchum University reported that 83.7% of its $43.8 million in expenses went to program services, 14.6% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Marshall B Ketchum University pay its top executive?

The largest total compensation Marshall B Ketchum University reported for one person in the fiscal year ending June 30, 2025 was $590,570, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Marshall B Ketchum University get its money?

Of $82.9 million in revenue in the fiscal year ending June 30, 2025, 2.3% came from contributions and grants (including 0.4% from government grants) and 47.2% from program service revenue (Form 990, Part VIII).

Is Marshall B Ketchum University a registered charity?

The IRS lists EIN 95-1644593 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641349349311594 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349314850 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349312401 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301319349305260 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230959349301318 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100419349301800 · read the filing

All filings for EIN 95-1644593: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.