University Athletic Association Inc.

“Board Review of Form 990 THE UNIVERSITY ATHLETIC ASSOCIATION (UAA) AUDIT COMMITTEE MEMBERS CONSIST OF SEVEN VOTING DIRECTORS AND IS ASSIGNED THE FORM 990 ANNUAL REVIEW AND APPROVAL PROCESS ON BEHALF OF THE BOARD OF DIRECTORS. A DRAFT OF THE 2016 FORM 990 WAS DISTRIBUTED AND AN OVERVIEW OF THIS DRAFT WAS PRESENTED BY MANAGEMENT AND AN INDEPENDENT TAX PROFESSIONAL TO THE AUDIT COMMITTEE PRIOR TO FINALIZATION OF THE RETURN. THE AUDIT COMMITTEE MEMBERS WERE PROVIDED THE OPPORTUNITY TO COMMENT, ASK QUESTIONS AND GIVE FEEDBACK WITH RESPECT TO THE DRAFT. A COPY OF THE FINALIZED RETURN WAS PROVIDED TO THE COMPLETE BOARD PRIOR TO FILING.”

“Conflict of Interest Policy THE UAA HAS ESTABLISHED A CONFLICT OF INTEREST POLICY COMMITTED TO THE BELIEF THAT SOUND BUSINESS PRACTICES START WITH AN ABSOLUTE COMMITMENT FROM EACH EMPLOYEE TO ACT ETHICALLY IN CARRYING OUT THE ORGANIZATION'S BUSINESS AND TO COMPLY WITH THE LAWS AND REGULATIONS THAT IMPACT ITS BUSINESS. UAA EMPLOYEES MUST AVOID PARTICIPATING IN ACTIVITIES THAT CREATE OR APPEAR TO CREATE A CONFLICT OF INTEREST SPECIFICALLY IDENTIFIED IN ITS POLICY IN THE FOLLOWING AREAS: FINANCIAL INTEREST, OUTSIDE EMPLOYMENT, ACCEPTANCE OF GIFTS, GRATUITIES, BUSINESS COURTESIES, TRAVEL, LODGING AND ENTERTAINMENT, MISUSE OF RESOURCES OR ASSETS, PERSONAL GAIN USING UNDUE INFLUENCE, DIRECT DEALINGS WITH VENDORS, AND USE OF CONFIDENTIAL INFORMATION. THE ORGANIZATION'S POLICY REQUIRES CERTAIN INDIVIDUALS TO DISCLOSE PARTICIPATION IN ACTIVITIES OR CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST OR IF AT ANY TIME SUCH INDIVIDUAL BECOMES AWARE OF CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE AUDIT COMMITTEE, AS NECESSARY.”

“Compensation review the uaa board of directors shall be responsible for establishing compensation practices which are reasonable and do not violate the private inurement prohibition. The practices and processes are designed to avoid any claim for intermediate sanctions and to satisfy the requirements to obtain the rebuttable presumption. The board periodically reviews outside independent data to establish the compensation for the director of athletics (ceo), the head football coach and head men's basketball coach (key employees).”

“Governing documents available on the uaa website are 1) governing documents: articles of incorporation, bylaws and the irs determination letter, and 2) financial statements, operating budget and eada report. Generally, the uaa does not make its conflict of interest policy available to the public.”