2019-05-15T09:31:24-05:00 2018-06-30 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2017-07-01 610469267 CAMPBELLSVILLE UNIVERSITY INC % TIM JUDD CAMP 2707895000 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 MR OTTO TENNANT VP FINANCE/ADMIN 2707895000 2019-05-15 true AARON HERSHBERGER P00961884 5136218300 167.68.126.162 31025420191355000026 2019-05-15 P 5ECFD7F4488FEC6F6ABE53B187DEB4499E915412 FDEAFD0406FF7141BFF80F52237CA5777F98C136 2017 2019-02-21 02:37:17Z DR MICHAEL V CARTER 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 111306622 false X WWW.CAMPBELLSVILLE.EDU X 1906 KY SEE SCHEDULE O 45 44 1559 212 -11916 -11916 3480019 3934976 66470161 102549185 757375 917091 1203983 2581532 71911538 109982784 21838004 23012844 0 0 25436315 35093459 0 0 1545256 24267735 36237395 71542054 94343698 369484 15639086 90989629 111041132 44741054 50505830 46248575 60535302 X CAMPBELLSVILLE UNIVERSITY IS A COMPREHENSIVE, CHRISTIAN INSTITUTION THAT OFFERS PRE-PROFESSIONAL, 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, AND ACTIVE PARTICIPATION IN A DIVERSE, GLOBAL SOCIETY. false false 87546245 23012844 104767976 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. 87546245 true true false false false false true true false true true true 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 141 0 true 1559 true true true false false false true true true true false false false false false false X 45 44 false false false false false false false true true false false true true true true true true true true false KY TN VA X TIM JUDD 2707895203 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 32005 32659 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 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 0 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 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 6900 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 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 DR DONNA HEDGEPATH PROVOST/VP ACADEMIC AFFAIRS 50.0 0.0 X 129661 0 20464 MR BENJI KELLY VP DEVELOPMENT 50.0 0.0 X 113419 0 7240 DR MICHAEL SHANE GARRISON VP ENROLLMENT SVCS 50.0 0.0 X 98715 0 18431 DR H KEITH SPEARS VP COMMUNICATIONS 50.0 0.0 X 153095 0 9447 DR G TED TAYLOR VP UNIVERSITY OUTREACH 50.0 0.0 X 70783 0 18353 MR OTTO TENNANT VP FINANCE/ADMIN 50.0 0.0 X 124938 0 13000 DR MICHAEL V CARTER PRESIDENT 50.0 0.0 X 274625 0 53170 MR CLAUDE HOLLINGSWORTH VP ATHLETICS 50.0 0.0 X 86483 0 17802 DR SUNNY ONYIRI LEAD PROFESSOR OF BUSINESS 40.0 0.0 X 144665 0 24069 DR ERIC HARTER PROFESSOR OF BUSINESS 40.0 0.0 X 218187 0 27661 DR FREDERICK ROSE ASST PROFESSOR OF BUSINESS 40.0 0.0 X 207498 0 12965 DR KHALED FALAH ASST PROFESSOR OF BUSINESS 40.0 0.0 X 164665 0 30 DR ANIL PALLA ASST PROFESSOR OF BUSINESS 40.0 0.0 X 126681 0 13485 1952320 32659 236117 10 false true false VESTA TECHNOLOGY SOLUCTIONS LLC 632 LOOKOUT RD ZEPHYR COVE NV 89448 MARKETING 7396288 LEARNING HOUSE INC 427 SOUTH FOURTH STREET LOUISVILLE KY 40202 DISTANCE LEARNING 5530266 PIONEER COLLEGE CATERERS 25055 W VALLEY PKWY OLATHE KS 66061 FOOD SERVICE 2806254 HILPP CONSTRUCTION 313 KOEHLER DR LEBANON KY 40033 CONSTRUCTION 732968 PRO-SERVICES INC 541 BLUE HOLE RD CAMPBELLSVILLE KY 42718 CONSTRUCTION 729260 12 X 42825 400530 3491621 828474 3934976 TUITION AND FEES 611710 94911422 94911422 STUDENT HOUSING AND MEALS 611710 6788954 6788954 CAMP OUTREACH PROGRAM 611710 848809 848809 102549185 240318 -15782 256100 34429 34429 0 534887 171837 363050 0 363050 363050 1736921 12083 1100501 6159 636420 5924 642344 642344 41166 42825 45341 -4175 38650 0 0 0 0 0 0 DEPARTMENTAL MISC. REVENUE 611710 1966404 1962538 3866 ATHLETICS INCOME 611710 188194 188194 ACTUARIAL ADJ SPLIT INTEREST 611710 68059 68059 2222657 109982784 104767976 -11916 1334573 0 22975894 22975894 36950 36950 0 1381321 771138 325166 285017 0 27934179 25832551 1552233 549395 1100445 914888 169075 16482 2712659 2212044 442726 57889 1964855 1692763 237565 34527 0 115246 115246 31900 31900 0 0 161493 161493 9402231 9402231 9018067 8745451 265660 6956 2338962 2117462 183995 37505 911812 829749 54709 27354 0 5482900 4989139 328974 164787 2011677 1783124 119311 109242 0 0 0 0 2685161 2685161 195040 195040 GIFTS IN KIND 41420 41420 LOSS EXTINGUISHMENT OF DEBT 139395 139395 MEMBERSHIPS 256056 83449 172607 BAD DEBT 1277532 1277532 2168503 960259 952142 256102 94343698 87546245 5252197 1545256 25000 0 1452836 15087192 4836514 1932964 3894687 4476587 0 0 0 0 315067 306992 84546 94876 264779 593590 101832254 35584906 63192487 66247348 16731075 19227599 0 0 0 0 0 0 192638 3073984 90989629 111041132 3844213 5024669 0 0 1108942 3192500 34669117 39052396 0 0 0 0 2492983 1410183 700000 0 1925799 1826082 44741054 50505830 X 25762107 36793223 9748059 11510501 10738409 12231578 46248575 60535302 90989629 111041132 X 15639086 480593 -1967043 134091 X false true X true true true X X 2 105.00 1 false 500.00 35851 X false 13976207 6439814 1205044 494701 157653 20968711 12988408 275731 1329275 517079 100128 13976207 13336302 199725 -169 482326 65124 12988408 13826432 365237 -250676 532550 72142 13336301 12063888 226509 1946777 340731 70011 13826432 0.24000 0.58000 0.18000 true false 13138815 13138815 61438728 24168240 37270488 426615 87156 339459 13281890 9174278 4107612 13546206 2155232 11390974 66247348 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, 2018. 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 30,2018. 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) 4 36950 STUDENT ACCT 0 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. DERBY ROSE GALA 38850 33950 4900 5500 16500 750 BMC AUCTION 22996 4375 18621 5725 5088 2 22145 4500 17645 800 3850 960 2500 3668 83991 42825 41166 800 3850 12185 19000 9506 45341 -4175 true STUDENT FINANCIAL AID 1960 22975894 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 PROVOST/VP ACADEMIC AFFAIRS 129661 0 0 0 0 0 8148 0 12316 0 150125 0 DR SUNNY ONYIRI LEAD PROFESSOR OF BUSINESS 144665 0 0 0 0 0 9111 0 14958 0 168734 0 DR H KEITH SPEARS VP COMMUNICATIONS 153095 0 0 0 0 0 9135 0 312 0 162542 0 DR MICHAEL V CARTER PRESIDENT 274625 0 0 0 0 0 16800 0 36370 0 327795 0 DR ERIC HARTER PROFESSOR OF BUSINESS 218187 0 0 0 0 0 13227 0 14434 0 245848 0 DR FREDERICK ROSE ASST PROFESSOR OF BUSINESS 207498 0 0 0 0 0 0 0 12965 0 220463 0 DR KHALED FALAH ASST PROFESSOR OF BUSINESS 164665 0 0 0 0 0 0 0 30 0 164695 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. DR. G. TED TAYLOR RECEIVES A HOUSING ALLOWANCE. THE ALLOWANCE IS EXCLUDED FROM HIS TAXABLE COMPENSATION AS A MINISTERS HOUSING ALLOWANCE. A CVILLE TAYLOR CO ECONOMIC DEVELOPMENT AUTHORITY 621738044 2012-09-21 3200000 CURRENT REFUNDING 1999 SERIES true false false B CITY OF CAMPBELLSVILLE KY 616002310 134517DH1 2017-08-30 16195000 CURRENT REFUNDING 2012 SERIES AND true false false C CITY OF CAMPBELLSVILLE KY 616002310 134517CK5 2013-09-30 17850000 CURRENT REFUNDING 2004 SERIES BOND false false false D CITY OF CAMPBELLSVILLE KY 616002310 134517CZ2 2014-05-01 9750000 ADVANCED REFUND 2005 & CURRENT REF false false false A 834696 2365304 3760136 0 0 0 53208 0 0 0 3706928 0 2012 true false true true B 280000 0 16478287 289532 0 0 322129 0 0 0 12271933 3884225 true false false true C 2880000 0 19657902 349889 0 0 330702 0 0 2001705 17325495 0 2015 true false true true D 875000 0 9721331 189965 0 0 190250 0 0 0 9531081 0 2014 true true true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0 false false false true C false false true true false 0 false false false true D false false false false 0 false false false true A false false true false true false 0 false 0 false true B false false false false false false 0 false 0 false true C false false true false false false 0 false 0 false true D false false true false false false 0 false 0 false true A true B true C true D true A C-VILLE TAYLOR CO ECONOMIC DEVELOPMENT AUTHORITY 621738044 2012-09-21 8600000 REFINANCING PROJECT AND NEW CONSTR true false false A 361084 8238916 8602947 0 0 0 125574 0 0 2008485 6468888 0 2014 false false true true A false false false false 0 false false false true A false false true false true false 0 false 0 false true A true DEBBIE CARTER FAMILY MEMBER OF OFFICER 65725 COMPENSATION false WESLEY CARTER FAMILY MEMBER OF OFFICER 88669 COMPENSATION false ERIC CARTER FAMILY MEMBER OF OFFICER 66560 COMPENSATION false ARIEL DARNELL CARTER FAMILY MEMBER OF OFFICER 32866 COMPENSATION false PAM TENNANT FAMILY MEMBER OF OFFICER 31403 COMPENSATION false JENNIFER GARRISON FAMILY MEMBER OF OFFICER 48780 COMPENSATION false NANCY WALTERS FAMILY MEMBER OF OFFICER 20788 COMPENSATION false X 14337 FMV X 1 3400 FMV X 10 197001 CLOSING VALUE X 1 227500 FMV X 1 340000 FMV X EQUIPMENT 17 21374 FMV X SUPPLIES 52 24862 FMV 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: $134,091 CVILLE UNIV RESEARCH COMPANY LLC 1 UNIVERSITY DRIVE UPO 869 CAMPBELLSVILLE KY 42718 821517859 PLACEMENT KY 0 100 CU