2020-07-15T14:53:51-05:00 2019-06-30 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2018-07-01 610469267 CAMPBELLSVILLE UNIVERSITY INC % TIM JUDD CAMP 2707895000 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 MR TIM JUDD VP FINANCE 2707895000 2020-05-15 true AARON HERSHBERGER P00961884 5136218300 167.68.126.162 31025420201975000061 2020-07-15 P 5ECFD7F4488FEC6F6ABE53B187DEB4499E915412 7F6D7DD599600F5BCBBAD68AF8E2FEB83B6EAEA9 2018 2021-01-29 14:40:06Z DR MICHAEL V CARTER 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 155398742 false X WWW.CAMPBELLSVILLE.EDU X 1906 KY SEE SCHEDULE O 45 41 1784 211 452 3934976 5532742 102549185 138615449 917091 1592163 2581532 3493460 109982784 149233814 23012844 24876811 0 0 35093459 45159607 0 0 2309357 36237395 43358560 94343698 113394978 15639086 35838836 111041132 147882355 50505830 51702344 60535302 96180011 X CAMPBELLSVILLE UNIVERSITY IS A COMPREHENSIVE, CHRISTIAN INSTITUTION THAT OFFERS NON-CREDIT TECHNICAL PROGRAMS, ALONG WITH CERTIFICATES, ASSOCIATES, UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY IS DEDICATED TO ACADEMIC EXCELLENCE SOLIDLY GROUNDED IN THE LIBERAL ARTS THAT FOSTERS PERSONAL GROWTH, INTEGRITY AND PROFESSIONAL PREPARATION WITHIN A CARING ENVIRONMENT. THE UNIVERSITY PREPARES STUDENTS AS CHRISTIAN SERVANT LEADERS FOR LIFE-LONG LEARNING, CONTINUED SCHOLARSHIP BY LINKING DISCOVERY RESEARCH TO KNOWLEDGE AT THE DOCTORAL LEVEL, AND ACTIVE PARTICIPATION IN A DIVERSE, GLOBAL SOCIETY. false false 102121417 24876811 141851612 TO PROVIDE A QUALITY LIBERAL ARTS EDUCATION TO STUDENTS UTILIZING THE FOUR CORE VALUES OF THE INSTITUTION WHICH INCLUDE: TO FOSTER ACADEMIC EXCELLENCE THROUGH PRE-PROFESSIONAL CERTIFICATES, ASSOCIATES, BACCALAUREATE AND MASTER'S PROGRAMS THROUGH TRADITIONAL, TECHNICAL AND ONLINE SYSTEMS; TO PROVIDE AN ENVIRONMENT CONDUCIVE TO STUDENT SUCCESS; TO UPHOLD THE DIGNITY OF ALL PERSONS AND VALUE DIVERSE PERSPECTIVES WITHIN A CHRIST-CENTERED COMMUNITY; AND TO MODEL SERVANT LEADERSHIP THROUGH EFFECTIVE STEWARDSHIP OF RESOURCES. OVER 90% OF OUR STUDENTS RECEIVE STUDENT FINANCIAL AID IN THE FORM OF ACADEMIC SCHOLARSHIPS, GRANTS, LOANS AND STUDENT EMPLOYMENT OPPORTUNITIES. THE UNIVERSITY HAS 89 ACADEMIC PROGRAMS AND IS COMMITTED TO ACADEMIC EXCELLENCE THROUGH A STUDENT TO FACULTY RATIO OF 13:1. 102121417 true true false false false false true true false true true false false false true true false true true false true false true false true false false false true true true false false false false false false false false true false true true false false true true false false false true 204 0 true 1784 true true true false false false true true true true false false false false true false false false X 45 41 false false false false false false false true true false false true true true true true true true true false CA KY TN VA X TIM JUDD 2707895587 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 MR IVAN BENNETT TRUSTEE 1.0 0.0 X 0 0 0 MR KENNY BENNETT TRUSTEE 1.0 0.0 X 0 0 0 MR BARRY BERTRAM TRUSTEE 1.0 0.0 X 0 0 0 MR JERRY BLANKENSHIP TRUSTEE 1.0 0.0 X 0 0 0 MR BARRY BLEVINS TRUSTEE 1.0 0.0 X 0 0 0 MR STEVE BRANSCUM TRUSTEE 1.0 0.0 X 0 0 0 MR GEORGE BRIGHT TRUSTEE 1.0 0.0 X 0 0 0 MRS PAT BURKHART TRUSTEE 1.0 0.0 X 0 0 0 DR ANNA MARY BYRDWELL TRUSTEE 1.0 0.0 X 0 0 0 DR JOEL CARWILE TRUSTEE 1.0 0.0 X 0 0 0 MRS TERRI CASSELL TRUSTEE 1.0 0.0 X 0 0 0 DR KARL CLINARD TRUSTEE 1.0 0.0 X 0 0 0 DR JAY CONNER TRUSTEE 10.0 10.0 X 42480 86084 0 MR DAVID COZART TRUSTEE 1.0 0.0 X 0 0 0 MR MIKE EASTRIDGE TRUSTEE 1.0 0.0 X 0 0 0 DR DOUG FELTNER TRUSTEE 1.0 0.0 X 0 0 0 MRS JANA GORE TRUSTEE - TERM ENDED 2/5/2019 1.0 0.0 X 0 0 0 MR DONNIE GOSSER TRUSTEE 1.0 0.0 X 0 0 0 DR E BRUCE HEILMAN TRUSTEE 1.0 0.0 X 0 0 0 MR EDWARD HOLMES TRUSTEE 1.0 0.0 X 0 0 0 MR HOWARD HUNT TRUSTEE 1.0 0.0 X 0 0 0 DR JAMES JONES TRUSTEE 1.0 0.0 X 17470 0 0 MR HENRY LEE CHAIRMAN/TRUSTEE 15.0 0.0 X 0 0 0 DR RON LEWIS TRUSTEE 1.0 0.0 X 0 0 0 MR ALEX MONTGOMERY TRUSTEE 1.0 0.0 X 0 0 0 DR DAVID MORRIS TRUSTEE - TERM ENDED 2/5/2019 1.0 0.0 X 0 0 0 DR LARRY NOE TRUSTEE 1.0 0.0 X 0 0 0 MR PAUL OSBORNE TRUSTEE 1.0 0.0 X 0 0 0 DR CAROL PEDDICORD TRUSTEE 1.0 0.0 X 0 0 0 MR NORRIS PRIEST TRUSTEE 1.0 0.0 X 0 0 0 MR RON RAFFERTY TRUSTEE/ADJUNCT INSTRUCTOR 10.0 0.0 X 7200 0 0 MRS AVA BINGHAM REYNOLDS TRUSTEE 1.0 0.0 X 0 0 0 MR CHRIS REYNOLDS TRUSTEE 1.0 0.0 X 0 0 0 DR JAY ROBISON TRUSTEE 1.0 0.0 X 0 0 0 MS SHIRLEY SCOTT TRUSTEE 1.0 0.0 X 0 0 0 MR BILLY RAY SMITH TRUSTEE 1.0 0.0 X 0 0 0 MS MALINDA SMITH TRUSTEE 1.0 0.0 X 0 0 0 REV MATTHEW SMYZER TRUSTEE 1.0 0.0 X 0 0 0 MR HAYWARD SPINKS TRUSTEE 1.0 0.0 X 0 0 0 MR TOMMY TURNER TRUSTEE 1.0 0.0 X 0 0 0 MR JOE WALTERS TRUSTEE 1.0 0.0 X 0 0 0 MRS JANE WHEATLEY TRUSTEE 1.0 0.0 X 0 0 0 MRS SHIRLEY WHITEHOUSE TRUSTEE - TERM ENDED 2/5/2019 1.0 0.0 X 0 0 0 REV LEON WILSON TRUSTEE 1.0 0.0 X 0 0 0 MR WM STEVE WRIGHT TRUSTEE 1.0 0.0 X 0 0 0 MR GUY MONTGOMERY TRUSTEE 1.0 0.0 X 0 0 0 DR JOSEPH OWENS TRUSTEE 1.0 0.0 X 0 0 0 MR BRETT MELROSE TRUSTEE 1.0 0.0 X 0 0 0 DR DONNA HEDGEPATH VP ACADEMIC AFFAIRS 50.0 0.0 X 147025 0 21525 MR BENJI KELLY VP DEVELOPMENT 50.0 0.0 X 119030 0 8948 DR MICHAEL SHANE GARRISON VP ENROLLMENT SVCS 50.0 0.0 X 107624 0 18913 DR H KEITH SPEARS VP COMMUNICATIONS 50.0 0.0 X 178673 0 10979 DR G TED TAYLOR VP UNIVERSITY OUTREACH 50.0 0.0 X 78871 0 18612 MR OTTO TENNANT VP ADMINISTRATION 50.0 0.0 X 129131 0 13241 DR MICHAEL V CARTER PRESIDENT 50.0 0.0 X 352060 0 55731 MR CLAUDE HOLLINGSWORTH VP STUDENT SERVICES/ATHLETICS 50.0 0.0 X 112536 0 22294 DR ERIC HARTER PROFESSOR OF BUSINESS 40.0 0.0 X 338924 0 35783 DR FREDERICK ROSE ASST PROFESSOR OF BUSINESS 40.0 0.0 X 289595 0 31964 DR KHALED FALAH ASST PROFESSOR OF BUSINESS 40.0 0.0 X 352360 0 3068 MS NAGAMANI PALLA INST OF COMPUTER SCIENCE 40.0 0.0 X 375913 0 7984 DR JIMMIE FLORES ASST PROF OF BUSINESS 40.0 0.0 X 342850 0 162 2991742 86084 249204 38 false true false AMPLIFIED PERFORMANCE SOLUTIONS 1410 LYONS AVENUE LASALLE ONTARIO CA N9J 3K3 MARKETING 5750133 LEARNING HOUSE INC 427 SOUTH FOURTH STREET LOUISVILLE KY 40202 DISTANCE LEARNING 4190288 HILPP CONSTRUCTION 313 KOEHLER DR LEBANON KY 40033 CONSTRUCTION 3079205 PIONEER COLLEGE CATERERS 25055 W VALLEY PKWY OLATHE KS 66061 FOOD SERVICE 2990782 VESTA TECHNOLOGY SOLUTIONS LLC 632 LOOKOUT RD ZEPHYR COVE NV 89448 MARKETING 2469505 21 26751 492342 5013649 2395983 5532742 TUITION AND FEES 611710 130781559 130781559 STUDENT HOUSING AND MEALS 611710 6987620 6987620 CAMP OUTREACH PROGRAM 611710 846270 846270 138615449 815221 -3034 818255 0 0 556080 198588 357492 0 357492 357492 6661626 22536 5482609 424611 1179017 -402075 776942 776942 64194 26751 59120 5074 5074 0 0 0 0 0 0 DEPARTMENTAL MISCELLANEOUS REVENUE 611710 3043877 3040391 3486 ATHLETICS INCOME 611710 164927 164927 ACTUARIAL ADJUSTMENT SPLIT INTEREST 611710 -77910 -77910 3130894 149233814 141742857 452 1957763 0 24874811 24874811 2000 2000 0 1486356 860480 335160 290716 0 36377912 31848353 3266881 1262678 1423472 1185914 166509 71049 3349629 2696934 531094 121601 2522238 2181143 246058 95037 0 388934 175442 212996 496 68671 68671 0 0 174687 174687 10673892 9360028 1313264 600 10539523 10315851 207298 16374 2975344 2752619 194699 28026 1492622 1351120 131273 10229 0 8520244 7881080 554821 84343 2549155 2332463 56304 160388 0 0 0 0 3023161 2794276 224068 4817 0 MISCELLANEOUS 2952327 1508903 1280421 163003 113394978 102121417 8964204 2309357 0 0 15087192 17437282 1932964 1776301 4476587 6271337 0 0 0 0 306992 283008 94876 111023 593590 416653 116212515 31487193 66247348 84725322 19227599 33464664 0 0 0 0 0 0 3073984 3396765 111041132 147882355 5024669 6396125 0 0 3192500 5397720 39052396 37998100 0 0 0 0 1410183 114462 0 0 1826082 1795937 50505830 51702344 X 36793223 71316948 11510501 12199369 12231578 12663694 60535302 96180011 111041132 147882355 X 35838836 -394622 200495 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 105.00 1 false 500.00 18839 X false 20968711 7838152 1033896 455774 29384985 13976207 6439814 1205044 494701 157653 20968711 12988408 275731 1329275 517079 100128 13976207 13336302 199725 -169 482326 65124 12988408 13826432 365237 -250676 532550 72142 13336301 0.44240 0.43096 0.12665 true false 13951956 13951956 79864769 25990499 53874270 629086 132509 496577 11562649 4907759 6654890 10204056 456425 9747629 84725322 0 0 X SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS RELATED TO UNCERTAIN TAX POSITIONS. THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN POSITIONS ON OPEN RETURNS THAT SHOULD BE REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2019. CAMPBELLSVILLE UNIVERSITY RESEARCH COMPANY, LLC IS A LIMITED LIABILITY COMPANY FORMED IN FEBRUARY 2017, WHOSE SOLE MEMBER IS CAMPBELLSVILLE UNIVERSITY. THE LIMITED LIABILITY COMPANY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION 740. THERE IS NO MATERIAL TAX EXPENSE FOR THE YEAR ENDED JUNE 30,2019. SCHEDULE D, PART II, LINE 9 THE UNIVERSITY EVALUATED THE NATURE OF THE CONSERVATION EASEMENTS IN PLACE FOR TWO PROPERTIES IT HOLDS. OUR FINDING WAS THAT THESE EASEMENTS NEITHER INCREASED OR DECREASED THE MARKET VALUE OF THE PROPERTY OR ITS USE FOR EDUCATIONAL PURPOSES. THE PROPERTIES WERE ACQUIRED AND RECORDED AT FAIR MARKET VALUE. THE PROPERTIES ARE HELD IN PERPETUITY AND ADJUSTED TO FAIR MARKET VALUE ANNUALLY. NO FURTHER MODIFICATIONS ARE MADE DUE TO THESE EASEMENTS. SCHEDULE D, PART III, LINE 1A ALL COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE CAPITALIZED. ITEMS ADDED TO THE COLLECTIONS ARE CAPITALIZED AT COSTS IF PURCHASED, OR AT ESTIMATED FAIR VALUE ON THE ACQUISITION DATE IF DONATED. COLLECTION ITEMS SOLD OR REMOVED ARE REPORTED AS UNRESTRICTED OR TEMPORARILY RESTRICTED GAINS OR LOSSES DEPENDING ON DONOR STIPULATIONS, IF ANY, PLACED ON THE ITEMS AT THE TIME OF ACQUISITION. SCHEDULE D, PART III, LINE 4 EDUCATIONAL BOOKS AND RARE EQUIPMENT TO ENHANCE THE EDUCATIONAL EXPERIENCE PROVIDED IN THE ACADEMIC PROGRAM SCHEDULE D, PART V, LINE 4 THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT IS TO SUPPORT STUDENT FINANCIAL AID AND DEPARTMENTAL EXPENSES BASED ON ENDOWMENT DONOR RESTRICTIONS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY IS PUBLISHED ANNUALLY VIA THE UNIVERSITY WEBSITE AND IN ALL EMPLOYEE/STUDENT HANDBOOKS AND/OR MANUALS. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS PRIMARILY FOR STUDENT FINANCIAL AID. THESE FUNDS ARE AWARDED AND MANAGED ACCORDING TO FEDERAL AND STATE GUIDELINES AND ARE AUDITED ON AN ANNUAL BASIS BY OUR EXTERNAL AUDITORS TO ENSURE COMPLIANCE WITH ALL APPLICABLE LAWS AND PROVISIONS. true STUDY ABROAD Europe (Including Iceland and Greenland) 2 2000 STUDENT ACCT false false false false false false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE UNIVERSITY MONITORS THE USE OF STUDY ABROAD AWARDS TO STUDENTS WITH INSTITUTIONAL POLICIES FOR ELIGIBILITY AND PARTICIPATION IN THE PROGRAM. THE PROGRAM IS COORDINATED THROUGH THE CENTER FOR INTERNATIONAL EDUCATION AND COORDINATES CLOSELY WITH THE OFFICE OF FINANCIAL AID WHEN STUDENTS ARE SELECTED FOR PROGRAM PARTICIPATION. BMC AUCTION 31923 7675 24248 5850 5250 DERBY ROSE GALA 29147 14576 14571 9093 7225 7790 2 29875 4500 25375 800 3850 960 10000 8302 90945 26751 64194 800 3850 15903 17225 21342 59120 5074 true STUDENT FINANCIAL AID 2150 24874811 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE UNIVERSITY HAS DEVELOPED A QUANTIFIED ANALYSIS OF OUR AWARDING PRACTICES AND POLICIES. THESE PRACTICES AND POLICIES ARE REVIEWED ANNUALLY TO DETERMINE WHETHER CHANGES ARE NEEDED TO OUR PHILOSOPHY AND FINANCIAL AID PACKAGING PHILOSOPHY. X X true true X X X X false false false false false false false false false DR DONNA HEDGEPATH VP ACADEMIC AFFAIRS 147025 0 0 0 0 0 9209 0 12316 0 168550 0 DR H KEITH SPEARS VP COMMUNICATIONS 178673 0 0 0 0 0 10669 0 310 0 189652 0 DR MICHAEL V CARTER PRESIDENT 316467 0 0 0 35593 0 19361 0 36370 0 407791 0 DR ERIC HARTER PROFESSOR OF BUSINESS 338924 0 0 0 0 0 20924 0 14859 0 374707 0 DR FREDERICK ROSE ASST PROFESSOR OF BUSINESS 289595 0 0 0 0 0 17114 0 14850 0 321559 0 DR KHALED FALAH ASST PROFESSOR OF BUSINESS 352360 0 0 0 0 0 2891 0 177 0 355428 0 MS NAGAMANI PALLA INST OF COMPUTER SCIENCE 375913 0 0 0 0 0 0 0 7984 0 383897 0 DR JIMMIE FLORES ASST PROF OF BUSINESS 342850 0 0 0 0 0 0 0 162 0 343012 0 SCHEDULE J, PART I, LINE 1A DR. MICHAEL CARTER IS PROVIDED A RESIDENCE. DR. CARTER IS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT. THE RESIDENCE IS LOCATED ON CAMPUS. NO AMOUNT RELATED TO THE RESIDENCE IS INCLUDED IN HIS TAXABLE COMPENSATION. THE UNIVERSITY PROVIDES DR. CARTER A COUNTRY CLUB MEMBERSHIP. THE VALUE OF THE MEMBERSHIP IS EXCLUDED FROM HIS TAXABLE COMPENSATION AS THE MEMBERSHIP IS USED ONLY FOR BUSINESS PURPOSES. A CITY OF CAMPBELLSVILLE KY17 616002310 134517DH1 2017-08-30 16195000 CURRENT REFUNDING 2012 SERIES AND true false B CITY OF CAMPBELLSVILLE KY 616002310 134517CZ2 2014-05-01 9750000 ADVANCED REFUND 2005 false false false C CITY OF CAMPBELLSVILLE KY 616002310 134517CK5 2013-09-30 17850000 CURRENT REFUNDING 2004 false false false A 280000 0 16526992 289532 0 0 322129 0 0 3476391 12271933 456540 true false false true B 1150000 0 9721331 199061 0 0 190250 0 0 0 9531081 0 2014 true true true true C 3590000 0 19657902 359164 0 0 330702 0 0 2001705 17325495 0 2015 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false true true false 0 false false false true A false false false false false false 0 false 0 false true B false false true false false false 0 false 0 false true C false false true false false false 0 false 0 false true A true B true C true DEBBIE CARTER FAMILY MEMBER OF OFFICER 98315 COMPENSATION false WESLEY CARTER FAMILY MEMBER OF OFFICER 105686 COMPENSATION false ERIC CARTER FAMILY MEMBER OF OFFICER 78480 COMPENSATION false ARIEL DARNELL CARTER FAMILY MEMBER OF OFFICER 39617 COMPENSATION false PAM TENNANT FAMILY MEMBER OF OFFICER 32501 COMPENSATION false JENNIFER GARRISON FAMILY MEMBER OF OFFICER 49234 COMPENSATION false NANCY WALTERS FAMILY MEMBER OF OFFICER 21732 COMPENSATION false PETE HEDGEPATH FAMILY MEMBER OF OFFICER 18667 COMPENSATION false JASON SPEARS FAMILY MEMBER OF OFFICER 68867 COMPENSATION false IVAN BENNETT TRUSTEE 464879 CARPET INSTALLATION false BARRY BLEVINS TRUSTEE 2357347 BUILDING CONTRACTOR false SCHEDULE L, PART IV TRANSACTIONS WITH INTERESTED PERSONS DURING THE FISCAL YEAR, CAMPBELLSVILLE UNIVERSITY ENTERED INTO THE FOLLOWING BUSINESS TRANSACTIONS WITH CURRENT UNIVERSITY TRUSTEES. BENNETTS CARPETS, OWNED BY IVAN BENNETT WHO IS A CURRENT UNIVERSITY TRUSTEE, FOR CARPET INSTALLATION IN THE AMOUNT OF $464,879. BLEVINS CONSTRUCTION, OWNED BY BARRY BLEVINS WHO IS A CURRENT UNIVERSITY TRUSTEE, FOR BUILDING CONTRACTOR SERVICES IN THE AMOUNT OF $2,357,347. X 5199 FMV X 1 14600 FMV X 2 171000 FMV X 6 1870000 FMV X 49 38104 FMV X EQUIPMENT 7 11944 FMV X FURNITURE 6 106732 FMV X MISCELLANEOUS 50 178404 FMV 130 false true false FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF THE REVIEW OF FORM 990 THE UNIVERSITY AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS DELEGATED THE RESPONSIBILITY OF REVIEWING THE 990 RETURN PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICE FOR MONITORING COMPLIANCE ANNUALLY EVERY BOARD MEMBER, ADMINISTRATIVE LEADERS, AND ANY EMPLOYEES DEEMED NECESSARY ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT OF RECEIPT OF THE UNIVERSITY CONFLICT OF INTEREST POLICY AND DISCLOSE ANY SUCH INTERESTS TO THE DELEGATED REPRESENTATIVE ON CAMPUS FOR FURTHER REVIEW IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW PROCESS FOR THE PRESIDENT/CEO THE COMPENSATION OF THE PRESIDENT IS REVIEWED ANNUALLY, OR AS PRESCRIBED IN THE WRITTEN CONTRACT, BY THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES. IN THE REVIEW PROCESS, COMPARABLE DATA FOR EXECUTIVE COMPENSATION IS REVIEWED WHICH CONSISTS PRIMARILY OF THE YAFFEE AND CCCU COMPENSATION SURVEYS AS WELL AS PEER 990 FILINGS. A RESOLUTION FROM THE PERSONNEL COMMITTEE IS SENT TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL IN AN EXECUTIVE SESSION. THE RESOLUTION IS REVIEWED/APPROVED ANNUALLY AT THE AUGUST BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION REVIEW PROCESS FOR ALL EMPLOYEES THE COMPENSATION FOR OTHER ADMINISTRATIVE OFFICERS IS DELEGATED TO THE UNIVERSITY PRESIDENT BY THE BOARD OF TRUSTEES FOR THE UNIVERSITY. THE PRESIDENT REVIEWS COMPENSATION FOR OFFICERS ANNUALLY USING COMPARABLE DATA FROM YAFFEE, CCCU, AND THE CHRONICLE FOR HIGHER EDUCATION FOR OFFICER SALARIES AT PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE INSTITUTION ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE UNIVERSITY. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS EXPLANATION Change in fair value of beneficial interests in trusts: $200,495 CVILLE UNIV RESEARCH COMPANY LLC 1 UNIVERSITY DRIVE UPO 869 CAMPBELLSVILLE KY 42718 821517859 PLACEMENT KY -53243 100 CU