Appalachian College Association Inc

“: The Association is a nonprofit corporation and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Association has also been classified as an entity that is not a private foundation within the meaning of Section 509(a). A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The Association recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Association has no amounts related to interest or penalties during the years ended June 30, 2018 and 2017. Due to its tax-exempt status; the Association is not subject to U.S. federal income tax or state income tax and does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months.”

“Any Higher Learning Commission (HLC) or Southern Association of Colleges and Schools (SACS) regionally accredited, independent four-year college with a broad range of programs in the arts and sciences located in an Appalachian portion of the states of Kentucky, North Carolina, Tennessee, Virginia, and West Virginia (as defined by the Appalachian Regional Commission (ARC)) and which can demonstrate the commitment to the region is eligible for membership in the Appalachian College Association. The Appalachian College Association had 35 members during the 2018 fiscal year.”

“The association's 990 is reviewed by the finance committee, full board and by the President before filing by Crowe LLP.”

“ACA's conflict of interest policy is outlined in its employee manual and its new board member package. Each employee and board member are provided a copy of these documents. Thereafter, employees and board members are encouraged to report any potential conflicts that they may be involved in or that they are aware.”

“All compensation and benefit payments to officers, directors and employees are reviewed by the individual's direct supervisor, compared with survey and benchmark data and submitted to the full board for final approval during the annual budget process. This process was last completed in September 2017, and is documented in committee and board minutes.”

“See above.”

“Governing documents, audited financial statements and conflict of interest policy will be available to the public upon request.”