2022-05-13T07:37:51-05:00 2021-06-30 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2020-07-01 610444671 CENTRE COLLEGE % SCOTT OWENS CENT 8592385451 600 WEST WALNUT STREET DANVILLE KY 40422 BRIAN HUTZLEY VP, CFO & TREASURER 8592385451 2022-05-15 true BRIAN HUTZLEY 999009999 Aaron Hershberger P00961884 5136218300 2 2020 2022-09-23 18:48:47Z DR MILTON C MORELAND 600 WEST WALNUT STREET DANVILLE KY 40422 238830471 false X WWW.CENTRE.EDU X 1819 KY CENTRE COLLEGE IS AN EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS. 34 34 1320 142 -13309 0 15420025 36047623 74597897 70940742 772340 108071079 230078 223649 91020340 215283093 36834182 38580978 0 0 32091285 32941369 0 0 2329353 35745260 41846704 104670727 113369051 -13650387 101914042 511808579 677636297 139498576 191746470 372310003 485889827 X CENTRE COLLEGE IS A SMALL, INDEPENDENT, AND SELECTIVE EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS. CENTRE NURTURES IN ITS STUDENTS THE ABILITY TO THINK LOGICALLY AND CRITICALLY, TO WORK CREATIVELY, TO ANALYZE AND COMPARE VALUES, AND TO WRITE AND SPEAK WITH CLARITY AND GRACE. IT ACQUAINTS STUDENTS WITH THE RANGE OF ACCOMPLISHMENTS OF THE HUMAN MIND AND SPIRIT IN A VARIETY OF ARTS AND THEORETICAL DISCIPLINES. IT ENABLES STUDENTS TO CHOOSE AND FULFILL SIGNIFICANT RESPONSIBILITIES IN SOCIETY. IN SHORT, CENTRE'S HIGHEST PRIORITY IS TO PREPARE ITS STUDENTS FOR LIVES OF LEARNING, LEADERSHIP, AND SERVICE. false false 93433942 38580978 71164391 FOUNDED IN 1819, THE SOLE MISSION OF CENTRE, A NATIONALLY RANKED RESIDENTIAL CO-ED PRIVATE LIBERAL ARTS COLLEGE, IS TO PROVIDE EXCEPTIONAL POST-SECONDARY UNDERGRADUATE EDUCATION TO ITS STUDENTS. WE GUARANTEE THE OPPORTUNITY TO STUDY ABROAD, TO HAVE AN INTERNSHIP, AND TO GRADUATE IN FOUR YEARS. TO DEVELOP A GLOBAL PERSPECTIVE, ABOUT 85 PERCENT OF OUR STUDENTS STUDY ABROAD, WITH CENTRE PROFESSORS, AT LEAST ONCE. COUPLED WITH SMALL CLASSES, HIGH GRADUATION RATES, ENGAGED PROFESSORS, AND REAL-WORLD PREPARATION FOR CAREER, GRADUATES ENJOY A HIGH SUCCESS RATE FOR EMPLOYMENT OR GRADUATE DEGREE ACCEPTANCE. 93433942 true true false false false false false true false true true true false true true false true false true false false false false false false false false false true true true false false false false false false false false false false true true false false false true false false false true 1915 0 1320 true true true true FR UK false false false true true false false false false false false X 34 34 true false false false false false false true true false false true true true true true true true true false KY X SCOTT OWENS 8592385457 600 WEST WALNUT STREET DANVILLE KY 40422 JOHN A ROUSH PRESIDENT 50.0 0.0 X 992353 0 42753 BRIAN HUTZLEY VP, CFO AND TREASURER 50.0 0.0 X 258533 0 50841 ELLEN GOLDEY VP FOR ACADEMIC AFFAIRS 50.0 0.0 X 191646 0 30805 MILTON MORELAND PRESIDENT 50.0 0.0 X 171005 0 43326 JAMES P LEAHEY VP FOR LEGAL AFFAIRS AND GIFT 50.0 0.0 X 149888 0 59499 SHAWN LYONS VP FOR DEVELOPMENT AND ALUMNI 50.0 0.0 X 177486 0 17202 ANDREW RYAN CHIEF INFORMATION OFFICER 50.0 0.0 X 124405 0 40448 KAY DRAKE VP FOR HUMAN RESOURCES 50.0 0.0 X 128055 0 35210 STEVE HOFFMAN EXECUTIVE DIRECTOR FOR NORTON 50.0 0.0 X 131492 0 26441 ROBERT NESMITH DEAN ADMISSION AND FINANCIAL 50.0 0.0 X 106121 0 38814 WILLIAM FIELDS DIRECTOR OF ATHLETICS 50.0 0.0 X 106397 0 35722 MICHAEL STRYSICK EXEC DIRECTOR COMMUNICATIONS 50.0 0.0 X 111400 0 20100 KELLY KNETSCHE VP FOR DEVELOPMENT AND ALUMNI 50.0 0.0 X 92338 0 10627 CRIT LUALLEN SECRETARY 1.0 0.0 X X 0 0 0 MARK E NUNNELLY BOARD CHAIRMAN 1.0 0.0 X X 0 0 0 JAMES C SEABURY III BOARD VICE CHAIRMAN 1.0 0.0 X X 0 0 0 JOHN R BARTON TRUSTEE 1.0 0.0 X 0 0 0 BENJAMIN BEATON TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM S BOWMER III TRUSTEE 1.0 0.0 X 0 0 0 ANITA M BRITTON TRUSTEE 1.0 0.0 X 0 0 0 ROBERT T BROCKMAN LIFE TRUSTEE 1.0 0.0 X 0 0 0 SHEILA A BURKS TRUSTEE 1.0 0.0 X 0 0 0 JENNIE P CARLSON TRUSTEE 1.0 0.0 X 0 0 0 GREG W CAUDILL TRUSTEE 1.0 0.0 X 0 0 0 JESS CORRELL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L ELLIOTT TRUSTEE 1.0 0.0 X 0 0 0 BARB EMLER TRUSTEE 1.0 0.0 X 0 0 0 ANGIE EVANS TRUSTEE 1.0 0.0 X 0 0 0 SANDRA FRAZIER TRUSTEE 1.0 0.0 X 0 0 0 J DAVID GRISSOM LIFE TRUSTEE 1.0 0.0 X 0 0 0 CRAIG HILLE TRUSTEE 1.0 0.0 X 0 0 0 LEA STROMIRE JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 RANDALL B KELL LIFE TRUSTEE 1.0 0.0 X 0 0 0 BETH P KLEIN TRUSTEE 1.0 0.0 X 0 0 0 TAO LE TRUSTEE 1.0 0.0 X 0 0 0 JEFF MACKIN TRUSTEE 1.0 0.0 X 0 0 0 DARYLL W MARTIN TRUSTEE 1.0 0.0 X 0 0 0 THOMAS H MEEKER TRUSTEE 1.0 0.0 X 0 0 0 BRIAN MEFFORD TRUSTEE 1.0 0.0 X 0 0 0 JOHN H NEWMAN TRUSTEE 1.0 0.0 X 0 0 0 PEGGY P PATTERSON TRUSTEE 1.0 0.0 X 0 0 0 RICHARD RINEY TRUSTEE 1.0 0.0 X 0 0 0 EDDY ROBERTS JR TRUSTEE 1.0 0.0 X 0 0 0 NELSON D RODES JR LIFE TRUSTEE 1.0 0.0 X 0 0 0 JAMES A SMITH TRUSTEE 1.0 0.0 X 0 0 0 LEE TATUM TRUSTEE 1.0 0.0 X 0 0 0 AMUL THAPER TRUSTEE 1.0 0.0 X 0 0 0 2741119 0 451788 35 false true false WEHR CONSTRUCTORS 2517 PLANTSDIE DRIVE LOUISVILLE KY 40299 ARCHITECTURAL 4242303 SODEXO PO BOX 70060 CHICAGO IL 60673 FOOD SERVICE 3325694 DEAN BUILDS INC 109 MERCER COURT LEXINGTON KY 40511 CONSTRUCTION 832371 SCHUSTER ACCOCIATES INC 316 W 4TH STREET CINCINNATI OH 45202 DESIGNERS 547009 DANVILLE PEDIATRICS PRIMARY CARE 3030 S 4TH STREET DANVILLE KY 40422 MEDICAL 534730 34 9280364 26767259 354423 36047623 COMPREHENSIVE FEE 611710 70659114 70659114 AUXILIARY SERVICES 611710 281628 281628 70940742 101558836 -13309 101572145 0 0 0 0 0 30059621 23547378 6512243 6512243 6512243 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 900099 223649 223649 223649 215283093 71164391 -13309 108084388 0 38580978 38580978 0 0 1414525 231163 816295 367067 47240 47240 24172985 18128334 4832333 1212318 2012279 1521738 373172 117369 3528036 2744325 663359 120352 1766304 1284835 368063 113406 0 61863 61863 107106 107106 0 0 3093434 3093434 0 104584 103971 613 1035030 834010 184711 16309 78106 61079 17027 0 2373484 1089699 1183785 100000 751179 737056 4843 9280 0 655 565 90 4135481 4135481 0 5390162 5171178 218984 589427 589427 FOREIGN STUDIES PROGRAM 426941 426941 LIBRARY OPERATIONS 1323189 1323189 FOOD SERVICES 4138357 4138357 PLANNED PROJECT COSTS 1379751 1379751 16857955 11494052 5090651 273252 113369051 93433942 17605756 2329353 0 0 7193264 0 27420780 41610044 306200 1202149 0 0 0 0 649387 590654 189967 197002 662244 507860 238163915 107964723 127125545 130199192 92842480 116793751 217809574 288357169 0 0 0 0 37609138 98178476 511808579 677636297 7022332 7107194 0 0 0 0 110723394 164823476 0 0 0 0 0 0 0 0 21752850 19815800 139498576 191746470 X 127958881 165365839 244351122 320523988 372310003 485889827 511808579 677636297 X 101914042 8549021 3116761 X false true X true true true X 14454148 12516533 17737417 15420025 36047623 96175746 0 0 14454148 12516533 17737417 15420025 36047623 96175746 6811458 89364288 3673122 4151247 6297217 -979499 101558836 114700923 0 79660 52754 52243 52243 0 236900 211113569 367708049 0.42330 0.80240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 327202228 -3246155 115356973 8390059 6127911 3093434 421701642 330559920 -1134488 13960903 7553311 6094883 2535913 327202228 323809590 -595283 20939678 6243094 5732830 1578141 330599920 314331271 -7517792 29691028 5663195 5429510 1602212 323809590 273857968 11593132 42774663 5788463 6700311 1316718 314420271 0.33720 0.43530 0.22750 true false 11819749 11819749 173813546 79927227 93886319 31239925 23871801 7368124 21290695 4165695 17125000 130199192 PRIVATE EQUITY SECURITIES 114426129 F SMALL CAP EQUITIES 42072796 F ALTERNATIVE PUBLIC EQUITIES 51341762 F LARGE CAP EQUITIES 80516482 F 288357169 FUNDS HELD IN TRUST BY OTHERS 38026194 BONDS HELD BY TRUSTEE 59383626 OTHER RECEIVABLES 159600 RIGHT OF USE ASSET 609056 98178476 0 FAIR VALUE INTEREST RATE SWAPS 13782323 ANNUITY PAYMENT & LIFE INCOME 2838625 ADVANCES FROM FEDERAL GOV'T 469996 DEPOSITS AND AGENCY FUNDS 1315173 OPERATING LEASE 609056 OUTSTANDING CHECKS IN EXCESS 800627 19815800 185274463 8549021 -38557651 -30008630 215283093 215283093 71694639 71694639 41674412 41674412 113369051 SCHEDULE D, PART III, LINE 4 COLLECTIONS INCLUDE PAINTINGS, GLASS AND SCULPTURE. THE ART COLLECTION EXISTS PRIMARILY TO HELP FULFILL THE LIBERAL ARTS EDUCATION MISSION OF THE COLLEGE. MANY, BUT NOT ALL, PIECES ARE DISPLAYED THROUGHOUT CAMPUS FOR VIEWING BY THE CAMPUS COMMUNITY AND VISITORS. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS CENTRE'S ENDOWMENT IS USED EXCLUSIVELY TO PARTIALLY FUND THE MISSION OF THE COLLEGE, INCLUDING, BUT NOT LIMITED TO, STUDENT SCHOLARSHIPS, OPERATIONS AND DEBT RETIREMENT. SCHEDULE D, PART XI, LINE 2D FINANCIAL AID AND SCHOLARSHIPS: (38,580,978). VALUATION CHANGE IN INTEREST RATE SWAPS: 4,087,051. ADTUARIAL ADJUSTMENT: (970,290). INVESTMENT MGMT FEES: (3,093,434). TOTAL: (38,557,651). SCHEDULE D, PART XII, LINE 4B FINANCIAL AID AND SCHOLARSHIPS: 38,580,978. INVESTMENT MGMT FEES: 3,093,434. TOTAL: 41,674,412. 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 NONDISCRIMINATION STATEMENT APPEARS ON THE COLLEGE'S WEBSITE. SCHEDULE E, PART I, LINE 6A CENTRE COLLEGE RECEIVES GRANTS FROM THE DEPARTMENT OF EDUCATION, EPA, NIST, NEH, THE DEPARTMENT OF FISH AND WILDLIFE, AND NSF. THE COLLEGE ALSO RECEIVES SUBSIDIZED AND UNSUBSIDIZED LOANS, FLUS LOANS, AND PERKINS LOANS. SCHOLARSHIPS 1300 38580978 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS ALL STUDENT SCHOLARSHIPS, GRANTS, OR OTHER ASSISTANCE ARE MONITORED THROUGHOUT THE AWARD, ACCEPTANCE, AND APPLICATION PROCESSES. APPROPRIATE RECORDS ARE MAINTAINED AND DOCUMENTED. X X X true true X X X false true false false false false false true false JOHN A ROUSH PRESIDENT 442353 0 0 0 550000 0 28500 0 14253 0 1035106 0 550000 BRIAN HUTZLEY VP, CFO AND TREASURER 258533 0 0 0 0 0 20706 0 30135 0 309374 0 JAMES P LEAHEY VP FOR LEGAL AFFAIRS AND GIFT 149888 0 0 0 0 0 15969 0 43530 0 209387 0 SHAWN LYONS VP FOR DEVELOPMENT AND ALUMNI 177486 0 0 0 0 0 8230 0 8972 0 194688 0 KAY DRAKE VP FOR HUMAN RESOURCES 128055 0 0 0 0 0 13243 0 21967 0 163265 0 ELLEN GOLDEY VP FOR ACADEMIC AFFAIRS 191646 0 0 0 0 0 17960 0 12845 0 222451 0 MILTON MORELAND PRESIDENT 171005 0 0 0 0 0 17575 0 25751 0 214331 0 ANDREW RYAN CHIEF INFORMATION OFFICER 124405 0 0 0 0 0 12485 0 27963 0 164853 0 STEVE HOFFMAN EXECUTIVE DIRECTOR FOR NORTON 131492 0 0 0 0 0 13803 0 12638 0 157933 0 WAYNE KING DIRECTOR OF FACILITIES 239343 0 0 7750 35280 282373 SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE: JOHN ROUSH, PRESIDENT, ELLEN GOLDEY, VP ACADEMIC AFFAIRS, AND BRIAN HUTZLEY, VP FINANCE AND TREASURER, ARE REQUIRED TO RESIDE IN ON-CAMPUS HOUSING PER THEIR EMPLOYMENT AGREEMENT. EXEMPT UNDER IRC 119. TRAVEL FOR COMPANIONS: AT TIMES SPOUSES ARE EXPECTED TO ACCOMPANY INTERESTED PERSONS ON BUSINESS TRIPS. ANY AMOUNTS DEEMED TO BE PERSONAL IN NATURE ARE TREATED AS TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB: THE COLLEGE PURCHASED A MEMBERSHIP IN THE LOCAL COUNTRY CLUB IN THE PRESIDENT'S NAME TO GAIN ACCESS TO THE FACILITIES FOR OCCASIONAL BUSINESS PURPOSES. THE USE IS 100% BUSINESS AND NOT CONSIDERED TO BE TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 7 BONUSES ARE EARNED BASED ON MEETING GOALS SET AT THE BEGINNING OF THE YEAR BY THE PRESIDENT OF THE COLLEGE. SCHEDULE J, PART I, LINE 4B OTHER COMPENSATION DURING CALENDER YEAR 2020, PRESEIDENT JOHN ROUSH received A payment from a supplemental nonqualified retirement plan. A COUNTY OF BOYLE KENTUCKY 616000756 2017-03-16 39155000 REFUNDING 2007-1 BOND false false false B COUNTY OF BOYLE KENTUCKY 616000756 2008-04-24 34385000 CURRENT REFUNDING false false false C CITY OF LANCASTER 000103462 2018-11-27 32425000 NEW CONSTRUCTION false false false D CITY OF DANVILLE 2021-06-30 52825000 NEW CONSTRUCTION false false false A 0 0 42814355 0 0 0 450368 0 0 0 43363987 0 2017 true false true true B 0 0 36675876 0 0 0 233242 101758 0 0 35340876 0 2010 true false true true C 0 0 32744887 0 2297909 0 286171 0 0 32744809 0 78 2019 false false false true D 0 0 61644132 0 0 0 382090 0 0 0 0 0 2023 false false false true A false false false false false 0 false false false true B false false false false 0 false false false true C false false false 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 true false false false 0 0 false true C false false false false false 0 false 0 false true D false false true false true false 0 false 0 false true A true B true C true D true SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF ISSUES - 2008 BOND THE DIFFERENCE BETWEEN PART I(E)B, "ISSUE PRICE", AND PART II, LINE 3B, "TOTAL PROCEEDS", OF $1,290,876 IS THE RESULT OF INVESTMENTS EARNINGS. SCHEDULE K, PART IV, LINE 2B EXCEPTION TO REBATE ALL BOND PROCEEDS HAVE BEEN SPENT. THEREFORE THE REBATE CALCULATION DOES NOT NEED TO BE PERFORMED. X 10 354423 MARKET VALUE false true false SCHEDULE M, PART I, COLUMN B NUMBER THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, LINE 1A MATERIAL DIFFERENCES IN VOTING RIGHTS THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPOINTED EACH YEAR BY THE CHAIR OF THE BOARD, AND APPROVED BY VOTE OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, EXCEPT THE POWER TO ELECT OR REMOVE THE PRESIDENT OF THE COLLEGE, TO AMEND THE CHARTER AND BYLAWS OF THE COLLEGE, AND TO ELECT NEW TRUSTEES. THE EXECUTIVE COMMITTEE SHALL CONSIST OF NINE OR MORE MEMBERS, INCLUDING THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD AND THE SECRETARY OF THE BOARD. ANY ACTION OF THE EXECUTIVE COMMITTEE TO BE EFFECTIVE MUST BE AUTHORIZED BY AT LEAST FIVE AFFIRMATIVE VOTES. FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS DAVID GRISSOM AND SANDRA FRAZIER HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF THE REVIEW OF FORM 990 A DRAFT OF THE FORM 990 AND SUPPLEMENTAL SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FINAL FORM 990 AND SUPPLEMENTAL SCHEDULES ARE PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICE FOR MONITORING COMPLIANCE ALL TRUSTEES AND OFFICERS ARE SURVEYED ANNUALLY, VIA AN EXTENSIVE QUESTIONNAIRE, TO DISCLOSE A VARIETY OF RELATIONSHIPS WITH EACH OTHER OR DIRECTLY WITH THE COLLEGE. THIS SURVEY IS REVIEWED AND MAINTAINED BY COLLEGE COUNSEL, AND REVIEWED BY BOTH THE VP FINANCE AND THE CONTROLLER. THOSE FOUND TO HAVE A POTENTIAL CONFLICT, OR THE APPEARANCE OF SUCH, DO NOT PARTICIPATE IN FINAL RELATED BUSINESS DISCUSSIONS OR VOTES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW PROCESS FOR THE PRESIDENT THE BOARD OF TRUSTEES HAS A COMMITTEE ON COMPENSATION AND PERFORMANCE EVALUATION, COMPOSED OF EIGHT MEMBERS OF THE BOARD, WHICH REVIEW PERFORMANCE OF THE PRESIDENT ON AN ANNUAL BASIS. AS PART OF THE EVALUATION OF THE PRESIDENT, THE COMMITTEE REVIEWS AN EXPANSIVE REPORT WRITTEN BY THE PRESIDENT ON THE DRIVERS AND GOALS ASSOCIATED WITH HIS WORK, AND ALSO REVIEWS OBJECTIVE INSTITUTIONAL DATA. IN SETTING THE COMPENSATION OF THE PRESIDENT IN THE PRESIDENT'S CURRENT CONTRACT, THE COMMITTEE EMPLOYS AN INDEPENDENT CONSULTANT WHO PROVIDES AN ASSESSMENT OF COMPENSATION FROM COMPARABLE PRESIDENTS AT COMPARABLE COLLEGES. FOR THE CURRENT CONTRACT, THE CONSULTANT PROVIDED RECOMMENDATIONS TO THE COMMITTEE, WHICH THEN MADE RECOMMENDATIONS TO THE ENTIRE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES APPROVES THE BASE SALARY FOR THE PRESIDENT UNDER THE CURRENT CONTRACT AND HAS ESTABLISHED A MAXIMUM PERCENTAGE FOR ANY ANNUAL INCENTIVE COMPENSATION. EACH YEAR, IN CONNECTION WITH THE EVALUATION OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS ON ANY INCENTIVE COMPENSATION FOR WHICH THE PRESIDENT IS ELIGIBLE, SUBJECT TO THE APPROVAL OF THE BOARD OF TRUSTEES. WRITTEN DOCUMENTATION OF CONTRACT DISCUSSIONS, APPROVALS, ATTENDANCE, AND ACTIONS TAKEN ARE MAINTAINED ON CAMPUS BY A NON-BOARD MEMBER. THE PRESIDENT HAS COMPLETED THE FIFTH YEAR OF A FIVE-YEAR CONTRACT. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION DETERMINATION FOR OFFICERS OR KEY EMPLOYEES THE UNIVERSITY PRESIDENT REVIEWS AND APPROVES COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON ITS WEBSITE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS VALUATION CHANGE IN INTEREST RATE SWAPS: 4,087,051. ADJUSTMENT FOR ACTUARIAL LIABILITY FOR ANNUITY OBLIGATIONS: (970,290). TOTAL: 3,116,761. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:OTHER DEPARTMENTAL EXPENSES TOTAL EXPENSES:16857955 PROGRAM SERVICES:11494052 MANAGEMENT AND GENERAL:5090651 FUNDRAISING:273252 CHARITABLE REMAINDER TRUST (3) 600 WEST WALNUT STREET DANVILLE KY 50533 CHARITABLE TR KY NA TRUST false CHARITABLE REMAINDER TRUST (2) 600 WEST WALNUT STREET DANVILLE KY 40422 CHARITABLE TR FL NA TRUST false CHARITABLE REMAINDER TRUST 600 WEST WALNUT STREET DANVILLE KY 40422 CHARITABLE TR CO NA TRUST false CHARITABLE REMAINDER TRUST 600 WEST WALNUT STREET DANVILLE KY 40422 CHARITABLE TR OR NA TRUST false false false false false false false false false false false false false false false false false false false false