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        <FormAndLineReferenceDesc>Part X, Line 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>NASH EVALUATES UNCERTAINTY IN INCOME TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION STANDARD. IF THAT THRESHOLD IS MET, THE TAX POSITION IS THEN MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF DECEMBER 31, 2016 AND 2015 THERE WERE NO ACCRUALS FOR UNCERTAIN TAX POSITIONS. IF APPLICABLE, NASH RECORDS INTEREST AND PENALTIES AS A COMPONENT OF INCOME TAX EXPENSE. TAX YEARS FROM 2014 THROUGH THE CURRENT YEAR REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIP AND POWER TO ELECT THE GOVERNING BODY MEMBERS OF NASH NOMINATE AND ELECT THE MEMBERS OF THE BOARD. MEMBERSHIP IS CONFINED TO CHIEF EXECUTIVE OFFICES OF PUBLIC MULTI-CAMPUS SYSTEMS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIP AND POWER TO ELECT THE GOVERNING BODY MEMBERS OF NASH NOMINATE AND ELECT THE MEMBERS OF THE BOARD. MEMBERSHIP IS CONFINED TO CHIEF EXECUTIVE OFFICES OF PUBLIC MULTI-CAMPUS SYSTEMS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT, AND IS REVIEWED BY THE BOARD BEFORE FILING WITH THE IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Board members are asked to sign a COI document on an annual basis.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REVIEWS INFORMATION INDEPENDENT OF THE EXECUTIVE DIRECTOR. THE BOARD USES CUPA SURVEYS OF SALARIES SUPPLEMENTED WITH A REVIEW OF NON-PROFIT HIGHER EDUCATION POLICY CENTERS THAT HAVE BEEN DEVELOPED FOR COMPARISON PURPOSES.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>CERTAIN DOCUMENTS OPEN TO PUBLIC DISCLOSURE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VII</FormAndLineReferenceDesc>
        <ExplanationTxt>Rebecca Martin, Executive Director was compensated as an employee of the Research Foundation of the State University of New York for the first half of calendar year 2016 and University System of Maryland Foundation for the second half of calender year 2016.</ExplanationTxt>
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