2015-05-11T07:49:41-05:00 2014-06-30 990 2013-07-01 610469267 CAMPBELLSVILLE UNIVERSITY INC CAMP 2707895000 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 427182799 MR OTTO TENNANT VICE-PRESIDENT FOR FINANCE 2707895000 2015-05-11 2015-05-11 2013 2016-03-07 17:11:31Z DR MICHAEL V CARTER 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 427182190 59057531 false X WWW.CAMPBELLSVILLE.EDU X 1906 KY 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. 44 44 1392 309 4300 2467 5062039 3021899 50965250 52711540 640444 1695394 917328 1042909 57585061 58471742 17502150 19097071 0 21256973 21900976 0 925637 17224169 17740780 55983292 58738827 1601769 -267085 90618437 91926876 45582156 46561787 45036281 45365089 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 52260260 19097071 52711540 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. THERE WERE 612 GRADUATES FOR THE ACADEMIC YEAR 2013-14. 52260260 true true false false false false true false false true true true false false true true true false true false false false false false true false false false true true true false true false false false false false true true true true false false false false false false false false true 159 0 true 1392 true true true false false false true true true true true 1 false false false X 44 44 false false false false false false false true true false false true true true true false true true true false KY X X CONTROLLER CAMPBELLSVILLE UNIVERSITY INC 2707895203 1 UNIVERSITY DRIVE CAMPBELLSVILLE KY 42718 DR JAMES JONES TRUSTEE/OUTR X 16665 0 0 DR JAY CONNER TRUSTEE/CONS X 10800 0 0 DR MIKE O'NEAL TRUSTEE/PT F X 10700 0 0 MR STEVE BRANSCUM TRUSTEE X 0 0 0 MR JOHN BALL TRUSTEE X 0 0 0 MR IVAN BENNETT TRUSTEE X 0 0 0 MR KENNY BENNETT TRUSTEE X 0 0 0 MR BARRY BERTRAM TRUSTEE X 0 0 0 MR JERRY BLANKENSHIP TRUSTEE X 0 0 0 MR BARRY BLEVINS TRUSTEE X 0 0 0 MRS PAT BURKHART TRUSTEE X 0 0 0 MS ANNA MARY BYRDWELL TRUSTEE X 0 0 0 MR BUZZ CASON TRUSTEE X 0 0 0 MRS TERRI CASSELL TRUSTEE X 0 0 0 DR JOHNNIE CLARK TRUSTEE X 0 0 0 MR MIKE EASTRIDGE TRUSTEE X 0 0 0 DR DOUG FELTNER TRUSTEE X 0 0 0 MRS JANA GORE TRUSTEE X 0 0 0 MR DONNIE GOSSER TRUSTEE X 0 0 0 REV JOEL CARWILE TRUSTEE X 0 0 0 DR E BRUCE HEILMAN TRUSTEE X 0 0 0 DR KARL CLINARD TRUSTEE X 0 0 0 MR HENRY LEE TRUSTEE X 0 0 0 DR RON LEWIS TRUSTEE X 0 0 0 MRS MARY FRANCES MAY TRUSTEE X 0 0 0 MR ALEX MONTGOMERY TRUSTEE X 0 0 0 DR DAVID MORRIS TRUSTEE X 0 0 0 MRS MILDRED NEWTON TRUSTEE X 0 0 0 DR LARRY NOE TRUSTEE X 0 0 0 MR PAUL OSBORNE TRUSTEE X 0 0 0 DR JOSEPH L OWENS TRUSTEE X 0 0 0 DR CAROL PEDDICORD TRUSTEE X 0 0 0 MR WM STEVE WRIGHT TRUSTEE X 0 0 0 MRS AVA BINGHAM REYNOLDS TRUSTEE X 0 0 0 DR JAY ROBISON TRUSTEE X 0 0 0 MR CHRIS REYNOLDS TRUSTEE X 0 0 0 MS MALINDA SMITH TRUSTEE X 0 0 0 MR HAYWARD SPINKS TRUSTEE X 0 0 0 DR RALPH TESSENEER TRUSTEE X 0 0 0 MR TOMMY TURNER TRUSTEE X 0 0 0 DR TOMMY VALENTINE TRUSTEE X 0 0 0 MRS SHIRLEY WHITEHOUSE TRUSTEE X 0 0 0 MR NORRIS PRIEST TRUSTEE X 0 0 0 MRS JANE WHEATLEY TRUSTEE X 0 0 0 MR STEVE GARRETT TRUSTEE X 0 0 0 DR J CORDELL MADDOX TRUSTEE X 0 0 0 MR GUY MONTGOMERY TRUSTEE X 0 0 0 MR RON RAFFERTY TRUSTEE/PT F X 0 0 0 DR GEORGE W RANSDELL TRUSTEE X 0 0 0 REV MATTHEW SMYZER TRUSTEE X 0 0 0 REV LEON WILSON TRUSTEE X 0 0 0 MR GEORGE BRIGHT X 0 0 0 DR MICHAEL V CARTER PRESIDENT 50.00 X 277710 0 16986 MR OTTO TENNANT VP FINANCE/A 50.00 X 121193 0 19690 DR FRANK CHEATHAM VP ACADEMIC 50.00 X 117013 0 25752 DR KEITH SPEARS VP REG/PROF 50.00 X 106712 0 14844 MR JOHN CHOWNING VP CHURCH/EX 50.00 X 104146 0 24241 MR BENJI KELLY VP DEVELOPME 50.00 X 86801 0 15491 MR DAVE WALTERS VP ADM/STDT 50.00 X 85752 0 21611 937492 138615 5 false true false PIONEER COLLEGE CATERERS FOOD SERVICE 2718277 LEARNING HOUSE ONLINE LEARNING 606367 PRO-SERVICES INC CONSTRUCTION 270197 JENZABAR CAMPUS SOFTWARE 219954 SAPPS PLUMBING CONSTRUCTION 208311 6 53720 144949 2823230 341336 3021899 TUITION AND FEES 611710 44278286 44278286 STUDENT HOUSING AND MEALS 611710 7084778 7084778 CAMP OUTREACH PROGRAM 611710 806435 806435 COSMETOLOGY PROGRAM 611710 322039 322039 TECHNOLOGY TRAINING CENTER 611710 220002 220002 52711540 440726 440726 36046 36046 484482 162552 321930 321930 321930 1557368 37900 340752 35894 1216616 2006 1218622 1218622 69473 53720 46591 22882 22882 DEPARTMENTAL MISC. REVENUE 611710 363926 363926 ATHLETICS INCOME 611710 291907 291907 ACTUARIAL GAIN ON SPLIT INTER 611710 37964 37964 4300 4300 698097 58471742 53441383 4300 2004160 19097071 19097071 1084308 461905 436899 185504 17166397 15123859 1686090 356448 824657 722242 84167 18248 1607493 1429301 150289 27903 1218121 1072881 121671 23569 77205 77205 28990 28990 83572 83572 606367 606367 627107 457180 169927 1241385 972043 242149 27193 694121 520591 173530 738048 618986 50500 68562 1727911 1727911 2634566 2634566 507949 100000 407949 STUDENT HOUSING AND MEALS 2476041 2476041 MISCELLANEOUS 2421299 1354869 851785 214645 MAINTENANCE AND GROUNDS 1712748 1712748 ATHLETICS 898262 898262 1265209 273437 988207 3565 58738827 52260260 5552930 925637 3284916 2215763 4683477 4274304 2618342 2664412 703539 599873 82447 75724 187964 200927 91922035 27641300 63060144 64280735 15155517 16398220 842091 1216918 90618437 91926876 2519742 2492400 613514 737460 38455156 38985731 1247245 1616736 2746499 2729460 45582156 46561787 X 26314593 25864623 8824340 9340997 9897348 10159469 45036281 45365089 90618437 91926876 -267085 479992 32329 83572 X true X true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 105.00 1 false 500.00 7560 12063889 226509 1946777 -340731 -70011 13826432 10206647 721250 1529308 -233894 -100784 -58638 12063889 9912876 762703 -331232 -89282 -48418 10206647 8105914 519168 1406588 -72761 -46033 9912876 7161428 329572 714143 -56780 -42449 8105914 0.06720 0.69310 0.23970 true false 11249831 11249831 66259128 17704385 48554743 152981 15519 137462 11205156 7303131 3902025 3054939 2618265 436674 64280735 ENDOWMENT INVESTMENTS 16398220 16398220 LIABILITY ON ANNUITY CONTRACT 2144563 ADVANCES FROM FEDERAL GOVT FOR LOANS 406503 CAPITAL LEASE 178394 2729460 X 40096135 479992 32329 209143 721464 39374671 19097071 19097071 58471742 39850899 209143 209143 39641756 19097071 19097071 58738827 SCHEDULE D, PAGE 1, 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 MODICATIONS ARE MADE DUE TO THESE EASEMENTS. SCHEDULE D, PAGE 2, PART V, LINE 4 TO PRIMARILY SUPPORT STUDENT FINANCIAL AID FOR STUDENTS TO ATTEND THE UNIVERSITY BASED ON DONOR ESTABLISHED CRITERIA AS WELL SUPPORT DEPARTMENTAL EXPENSES WHERE PERMISSIBLE. SCHEDULE D, PAGE 3, PART X 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 FINANCIAL STATEMENTS FOR JUNE 30, 2014 AND 2013, RESPECTIVELY. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL/FUNDRAISING EXPENSE 209,143 SCHEDULE D, PAGE 4, PART XI, LINE 4B STUDENT AID 19,097,071 REALIZED GAIN ON INVESTMENT 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL/FUNDRAISING EXPENSE 209,143 SCHEDULE D, PAGE 4, PART XII, LINE 4B STUDENT AID 19,097,071 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE UNIVERSITY'S POLICY IS PUBLISHED ANNUALLY THROUGH NEWSPAPER MEDIA. THE POLICY IS ALSO PUBLISHED VIA THE UNIVERSITY WEBSITE AND IN ALL EMPLOYEE/STUDENT HANDBOOKS AND/OR MANUALS. SCHEDULE E, LINE 6 THE UNIVERSITY 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. OAK RIDGE BOYS 41125 5000 36125 25000 3200 DERBY ROSE GALA 32585 21185 11400 3800 2220 2 49483 27535 21948 496 2003 3500 4659 1713 123193 53720 69473 496 2003 3500 8459 25000 7133 46591 22882 true STUDENT FINANCIAL AID 2470 19097071 SCHEDULE I, PAGE 1, PART I, LINE 2 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 MICHAEL V CARTER PRESIDENT 277710 16986 44788 294696 A CITY OF CAMPBELLSVILLE KENTUCKY 2005 SERIES PROJECT 616002310 13450NBCD 2005-02-10 3595000 TO CONSTRUCT VARIOUS EDUCATIONAL FACILITIES ON CAMPUS AND MAINTAIN ADEQUATE false false false B CAMPBELLSVILLE TAYLOR COUNTY ECONOM C DEVELOPMENT AUTHORITY 621738044 2012-09-21 3200000 CURRENT REFUNDING OF 1999 BOND ISSUE false false false C CAMPBELLSVILLE TAYLOR COUNTY ECONOM C DEVELOPMENT AUTHORITY 621738044 2012-09-21 8600000 REFINANCING PROJECT FOR EXISTING NOTE PAYABLES AND NEW CONSTRUCTION false false false D CITY OF CAMPBELLSVILLE KY 616002310 134517CK5 2013-09-30 17850000 TO CURRENT REFUND SERIES 2004 BONDS AND PROVIDE NEW CONSTRUCTION CAPITAL false false false A 595000 2745000 3656529 269537 191354 89875 3123261 2007 false false true true B 284879 3760136 53208 3706928 2012 true false true true C 134390 8602947 125574 2008485 6468888 2014 false false true true D 250000 19657580 340188 330702 868538 17325495 1132845 true false false true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false false true false false true MORGAN STANLEY 28.000000000000 true false true B false false true false true false false false true C false false true false true false false false true D false true false false false false false false true SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION CITY OF CAMPBELLSVILLE, KY THE ISSUE PRICE FOR THE BONDS PER THE 8038 IS 17,726,293.85 WHICH CONSISTS OF THE PAR ON THE BONDS IN THE AMOUNT OF 17,850,000 LESS 123,706.15 FOR THE ORIGINAL ISSUE DISCOUNT ON THE BONDS. THE UNIVERSITY HAS USED 17,850,000 ON THE SCHEDULE K SO WE CAN APPROPRIATELY REFLECT THE BALANCE OUTSTANDING ON THE BONDS RECONCILED TO TOTAL PROCEEDS. CITY OF CAMPBELLSVILLE, KY THE ISSUE PRICE FOR THE BONDS PER THE 8038 IS 9,667,509.25 WHICH CONSISTS OF THE PAR ON THE BONDS IN THE AMOUNT OF 9,750,000 LESS 82,490.75 FOR THE ORIGINAL ISSUE DISCOUNT ON THE BONDS. THE UNIVERSITY HAS USED 9,750,000 ON THE SCHEDULE K SO WE CAN APPROPRIATELY REFLECT THE BALANCE OUTSTANDING ON THE BONDS RECONCILED TO TOTAL PROCEEDS. SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION CITY OF CAMPBELLSVILLE, KENTUCKY DEBT SERVICE RESERVE FUND. CITY OF CAMPBELLSVILLE, KY FOR IMPROVEMENTS TO THE CAMPUS CITY OF CAMPBELLSVILLE, KY BONDS AND REFUND VARIOUS BANK LOANS. SCHEDULE K - DATE REBATE COMPUTATION PERFORMED CITY OF CAMPBELLSVILLE, KENTUCKY 03/01/15 SCHEDULE K - ADDITIONAL INFORMATION CITY OF CAMPBELLSVILLE, KENTUCKY THE UNIVERSITY HAD A LEGAL DEFEASANCE ON A PORTION OF THE 2005 SERIES DEBT WITH THE CLOSING OF THE 2014 SERIES REFUNDING BONDS ON MAY 1, 2014. INVESTMENTS WERE IRREVOCABLY PURCHASED TOTALING 2,893,849 TO EARN SUFFICIENT EARNINGS IN THE AMOUNT OF 1,651 TO SATISFY PRINCIPAL AND INTEREST PAYMENTS IN THE AMOUNTS OF 75,250 ON SEPTEMBER 1, 2014 AND 2,820,250 ON MARCH 1, 2015. THE TOTAL PRINCIPAL LEGALLY DEFEASED WAS 2,745,000. NEITHER THE ASSETS NOR THE LIABILITY ARE REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS DUE TO THE NATURE OF THE LEGAL DEFEASANCE WHICH IS IRREVOCABLE WITH THE BOND TRUSTEE. THE UNIVERSITY STILL HAS AN OBLIGATION FOR 255,000 IN PRINCIPAL FOR THE 2005 SERIES BONDS THAT WILL BE OPTIONALLY REDEEMED ON MARCH 1, 2015 WITH INVESTMENTS ON HAND WITH THE BOND TRUSTEE. THIS PORTION IS REFLECTED IN THE ASSETS AND LIABILITIES OF THE ACCOMPANYING FINANCIAL STATEMENTS. CAMPBELLSVILLE TAYLOR COUNTY ECONOMI OTHER SPENT PROCEEDS INCLUDED 3,706,928 TO REDEEM THE 1999 BONDS OUTSTANDING AT ISSUE DATE. CAMPBELLSVILLE TAYLOR COUNTY ECONOMI OTHER SPENT PROCEEDS IN THE AMOUNT OF 6,468,888 INCLUDED 6,468,888 TO REFINANCE VARIOUS BANK LOANS ON REAL ESTATE AND CAPITAL IMPROVEMENTS FOR THE CAMPUS OTHERWISE KNOWN AS THE "REFINANCING PROJECT". CITY OF CAMPBELLSVILLE, KY OTHER SPENT PROCEEDS INCLUDES 17,325,494 TO REFUND SERIES 2004 BONDS. GROSS PROCEEDS IN RESERVE FUNDS INCLUDES 340,188 IN THE SINKING FUND ACCOUNT ESTABLISHED FOR THE BOND ISSUE TO MAKE THE NEXT PRINCIPAL/INTEREST PAYMENT DUE ON THE BONDS. CITY OF CAMPBELLSVILLE, KY GROSS PROCEEDS IN RESERVE FUNDS INCLUDES 57,856 ON DEPOSIT IN THE SINKING FUND ESTABLISHED FOR THE BOND ISSUE TO MAKE FUTURE PRINCIPAL AND INTEREST PAYMENTS. OTHER SPENT PROCEEDS INCLUDES 2,893,849.12 TO ADVANCE PARTIAL REFUND SERIES 2005 BONDS, 6,404,320.45 TO CURRENTLY REFUND SERIES 2009 BONDS AND THE REMAINDER TO REFUND VARIOUS BANK LOANS ON REAL ESTATE. DEBBIE CARTER PRES. SPOUSE 77500 PROFESSOR/COORD. false PAM TENNANT VP SPOUSE 31293 COORDINATOR false KALEB CHOWNING VP CHILD 31407 COORDINATOR false DON CHEATHAM VP BROTHER 43360 INSTRUCTOR false X 71611 FMV X 1 13500 FMV X 9 91237 FMV X 1 127639 X EQUIP/FURNITURE 12 9857 FMV X SUPPLIES 122 27492 FMV 1 false true false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4A 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. THERE WERE 612 GRADUATES FOR THE ACADEMIC YEAR 2013-14. FORM 990, PAGE 6, PART VI, LINE 11B THE UNIVERSITY AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS DELEGATED THE RESPONSIBILITY OF REVIEWING THE 990 RETURN PRIOR TO ITS FILING. A COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS AFTER APPROVAL TO BE FILED. FORM 990, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS OF THE INSTITUTION ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE UNIVERSITY. FORM 990, PART XI, LINE 9 RENTAL/FUNDRAISING EXPENSE 209,143 STUDENT AID -19,097,071 REALIZED GAIN ON INVESTMENT 0 RENTAL/FUNDRAISING EXPENSE -209,143 STUDENT AID 19,097,071