2022-05-16T13:04:39-05:00 2021-06-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2020-07-01 030179414 BENNINGTON COLLEGE CORPORATION BENN 8024404328 ONE COLLEGE DRIVE BENNINGTON VT 05201 BRIAN MURPHY TREASURER 8024404328 2022-05-16 1 BRIAN MURPHY 999009999 CONNIE FELLION P01875413 8026581808 2022-05-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN MURPHY ONE COLLEGE DRIVE BENNINGTON VT 05201 96593906 0 X WWW.BENNINGTON.EDU X 1932 VT BENNINGTON COLLEGE IS A LIBERAL ARTS EDUCATIONAL INSTITUTION LOCATED IN BENNINGTON, VERMONT. THE TOTAL UNDERGRADUATE AND GRADUATE ENROLLMENT IS APPROXIMATELY 800 STUDENTS. 21 21 347 0 466437 0 23854516 33278385 47367496 46089577 1312230 3370340 1161123 504480 73695365 83242782 23096747 24343210 0 0 28664597 26523013 0 0 1917749 15715748 15702593 67477092 66568816 6218273 16673966 148830349 164960346 66493007 60777916 82337342 104182430 X THE MEN AND WOMEN WHO BROUGHT BENNINGTON COLLEGE INTO BEING SOUGHT TO CREATE A COLLEGE THAT WOULD EMPHASIZE "THE INDIVIDUAL STUDENT AND HER DEVELOPING INTERESTS," LEARNING "BY ACTIVITY AND LIVING", A COMMUNITY LIFE DESIGNED TO "BREAK DOWN ARTIFICIAL BARRIERS BETWEEN TEACHER AND STUDENT AND BETWEEN CURRICULUM AND EXTRA CURRICULUM, AND "A CONSCIOUS ELASTICITY IN EDUCATIONAL PLANS."THE PRINCIPLE OF LEARNING BY PRACTICE AND THE EMPHASIS ON THE INDIVIDUAL UNDERLIE EVERY MAJOR FEATURE OF A BENNINGTON EDUCATION: THE CLOSE WORKING RELATIONSHIP BETWEEN STUDENT AND TEACHER, THE INSISTENCE ON SELF-DETERMINATION, THE COMMITMENT TO LEARNING ACROSS THE DISCIPLINES, AND THE FIELD WORK TERM, WHICH GIVES STUDENTS WORK EXPERIENCE AND CONNECTS THEM TO THE GREATER COMMUNITY. THE PLAN PROCESS, THROUGH WHICH STUDENTS DESIGN THEIR ACADEMIC EXPERIENCES AND NAVIGATE THEIR BENNINGTON EDUCATION, EMBODIES THE COLLEGE'S MISSION. 0 0 53500634 23930429 43869190 UNDERGRADUATE PROGRAM: BENNINGTON COLLEGE HOLDS A DISTINGUISHED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. IT WAS THE FIRST TO INCLUDE THE VISUAL AND PERFORMING ARTS IN A LIBERAL ARTS EDUCATION, AND IT IS THE ONLY COLLEGE TO REQUIRE THAT ITS STUDENTS SPEND SEVEN WEEKS - EVERY YEAR - AT WORK IN THE WORLD (FIELD WORK TERM).BENNINGTON'S CENTER FOR THE ADVANCEMENT OF PUBLIC ACTION IS AN EXPRESSION OF THE COLLEGE'S COMMITMENT TO ENGAGING THE WORLD; BY EMBEDDING IN THE CURRICULUM AN ONGOING DYNAMIC BETWEEN PUBLIC RESPONSIBILITIES AND PRIVATE AMBITIONS, BENNINGTON AIMS TO ENSURE THAT ITS GRADUATES ARE COMMITTED TO, AND CAPABLE OF, EFFECTIVE ACTION IN THE WORLD. (CONTINUED ON SCHEDULE O)BENNINGTON STUDENTS DRAW IN THE FULL BREADTH OF THE COLLEGE'S CURRICULUM WHICH OFFERS CLASSES IN THE HUMANITIES, NATURAL SCIENCES, MATHEMATICS, SOCIAL SCIENCE, AND VISUAL AND PERFORMING ARTS - TO DESIGN INDIVIDUAL COURSES OF STUDY THAT ARE UNIFIED AND FUELED BY THEIR INTELLECT AND IMAGINATION, GUIDED BY THEIR FACULTY, AND SHAPED BY THEIR EXPERIENCE WORKING IN THE WORLD EACH YEAR. 1542424 412781 2322550 GRADUATE PROGRAMS: BENNINGTON'S GRADUATE PROGRAMS ARE BUILT ON THE BELIEF THAT MAKING NEW WORK IS AT THE HEART OF THE EDUCATIONAL PROCESS. THE COLLEGE'S GRADUATE PROGRAMS ARE SMALL, INTENSIVE, AND SELECTIVE. BENNINGTON OFFERS A LOW-RESIDENCY MASTER OF FINE ARTS IN WRITING PROGRAM, WHICH IS NATIONALLY RECOGNIZED, AS WELL AS AN ON-CAMPUS MASTER OF FINE ARTS IN PERFORMING ARTS. IN 2020-21, THESE PROGRAMS SERVED APPROXIMATELY 100 STUDENTS. 55043058 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 1 109 0 1 347 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 VT X BRIAN MURPHY 8024404328 ONE COLLEGE DRIVE BENNINGTON VT 05201 RICHARD ADER TRUSTEE 1.00 X 0 0 0 PRISCILLA ALEXANDER TRUSTEE 1.00 X 0 0 0 TRACEY KATSKY BOOMER TRUSTEE 1.00 X 0 0 0 SUSAN PARIS BORDEN TRUSTEE 1.00 X 0 0 0 MATTHEW CLARKE TRUSTEE 1.00 X 0 0 0 BARBARA USHKOW DEANE VICE CHAIR 1.00 X X 0 0 0 WILLIAM DERROUGH TRUSTEE 1.00 X 0 0 0 MICHAEL HECHT TRUSTEE 1.00 X 0 0 0 ALAN KORNBERG TRUSTEE 1.00 X 0 0 0 DANIEL B ROWLAND TRUSTEE 1.00 X 0 0 0 ELLEN BESKIND SAFIR TRUSTEE 1.00 X 0 0 0 MARY SCANLAN TRUSTEE 1.00 X 0 0 0 CHARLENE SOLOW SCHWARTZ TRUSTEE 1.00 X 0 0 0 JONATHAN MARC SHERMAN TRUSTEE 1.00 X 0 0 0 JAMES SIMON VICE CHAIR 1.00 X X 0 0 0 NICHOLAS STEPHENS CHAIR 1.00 X X 0 0 0 CATHERINE STIMPSON TRUSTEE 1.00 X 0 0 0 PENELOPE PERKINS WILSON TRUSTEE (DEC. 02/11/2021) 1.00 X 0 0 0 DEBRA BORDA TRUSTEE 1.00 X 0 0 0 ASAD MALIK TRUSTEE (THRU 06/30/21) 1.00 X 0 0 0 SUZANNE BRUNDAGE TRUSTEE 1.00 X 0 0 0 MAREME DIENG TRUSTEE 1.00 X 0 0 0 ODILI ODITA TRUSTEE (START 03/05/21) 1.00 X 0 0 0 BRIAN MURPHY TREASURER/SVP OF FINANCE 40.00 X 235226 0 25747 JOSE ANTONIO N CABASCO VP FOR ENROLLMENT 40.00 X 180120 0 31768 DELIA S SAENZ VP FOR DIVERSITY THRU 06/21 40.00 X 150166 0 18999 LAURA WALKER PRESIDENT (START 08/01/2020) 40.00 X 204021 0 59844 ANDREW M SCHLATTER VP FACILITIES 40.00 X 139912 0 30176 TIMOTHY CLEMMEY ACTING VP INST. MGMT 40.00 X 170484 0 6703 MARK WUNDERLICH DIRECTOR OF MFA IN WRITING 40.00 X 134946 0 14687 OCEANA WILSON DEAN OF THE LIBRARY 40.00 X 131186 0 0 SUSAN SGORBATI DIR. FOR ADVANCE OF PUBLIC ACTION 40.00 X 122070 0 14255 ISABEL ROCHE INTERIM PRESIDENT (THRU 07/31/20) 40.00 X 267973 0 16682 PAIGE L BARTELS SECRETARY THRU 03/05/21 20.00 X 239266 0 16855 1975370 0 235716 12 1 1 0 ARAMARK CORPORATION 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICE PROVIDER 2387351 EDUCATORS HEALTH LLC 30 MAIN STREET SUITE 330 BURLINGTON VT 054021687 HEALTH INSURANCE 2139947 BLUE CROSS BLUE SHIELD OF VERMONT 445 INDUSTRIAL LANE BERLIN VT 05602 HEALTH INSURANCE 1763787 PC CONSTRUCTION COMPANY 193 TILLEY DRIVE SOUTH BURLINGTON VT 05403 CONTRACTING SERVICES 1049492 HRH MANAGEMENT LLC 940 WATER STREET NORTH BENNINGTON VT 05257 PROPERTY MANAGEMENT/RENT 413007 25 8809413 24468972 5814744 33278385 TUITION AND FEES 611710 37123853 37123853 ROOM AND BOARD 721310 8057586 8057586 ANCILLARY STUDENT SERVICES 611710 908138 908138 46089577 404157 404157 1031394 567728 463666 463666 463666 15599245 64120 12697182 0 2902063 64120 2966183 64120 2902063 118809 86214 32595 29824 2771 NON-FUNDRAISING EVENT REVENUE 611710 8219 8219 8219 83242782 46191740 466437 3306220 18241040 18241040 6102170 6102170 1765347 745218 960659 59470 20008190 15246785 3394738 1366667 142591 94791 39562 8238 3134859 2064041 858401 212417 1472026 1095928 276349 99749 204876 10549 194327 94250 94250 170332 170332 132261 68490 63558 213 513326 424244 54078 35004 1596194 1359043 150730 86421 1662422 1615347 47075 81651 59992 14549 7110 51364 12783 38531 50 1319175 895940 423235 3631521 3554664 76857 505165 505165 OTHER SERVICES 4631896 2419053 2179790 33053 FOOD SERVICES 939597 931903 7694 0 OTHER MISCELLANEOUS EXP 111537 57802 50154 3581 PROJECTS AND EVENTS 57026 43275 7975 5776 66568816 55043058 9608009 1917749 3095531 3116543 3173648 435303 25268851 34789497 2771596 2119481 126327 134745 773039 599261 132116170 53824499 80171852 78291671 28595702 40009298 301969 134388 122206 80723 4429628 5249436 148830349 164960346 4439284 5387340 4820252 4300803 51288029 51089773 5945442 0 66493007 60777916 X 21829973 23538485 60507369 80643945 82337342 104182430 148830349 164960346 X 16673966 4614040 557082 X 0 1 X 1 1 1 X 15165939 14067234 17250627 23854516 33278385 103616701 15165939 14067234 17250627 23854516 33278385 103616701 25045008 78571693 756821 869493 851335 493817 404157 3375623 628674 836785 579410 1119214 8219 3172302 110164626 237073451 0.71320 0.80310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE FOOD SALES - 2016 AMOUNT: $ 15,603. 2017 AMOUNT: $ 21,808. BOOKSTORE REVENUE - 2016 AMOUNT: $ 220,048. 2017 AMOUNT: $ 220,177. 2018 AMOUNT: $ 183,965. EVENT REVENUE - 2016 AMOUNT: $ 62,615. 2017 AMOUNT: $ 55,323. 2018 AMOUNT: $ 66,219. 2019 AMOUNT: $ 54,911. 2020 AMOUNT: $ 8,219. OTHER REVENUE - 2016 AMOUNT: $ 330,408. 2017 AMOUNT: $ 539,477. 2018 AMOUNT: $ 329,226. 2019 AMOUNT: $ 1,064,303. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10546 10546 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGED (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORUMS SERVING THE INTEREST OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. AMOUNTS REPORTED REPRESENT TOTAL MEMBERSHIP FEES PAID TO AVIC. X X X 0 50508464 5465059 6396115 417604 749611 170332 61032091 40558052 11743445 -661242 289847 701577 140367 50508464 34995284 5403703 1098306 369179 452813 117249 40558052 33798841 443561 1549453 244447 452498 99626 34995284 25920165 6573360 2002153 234333 369801 92703 33798841 0.00000 0.93100 0.06900 0 0 1864070 1864070 110163511 43764355 66399156 12003 6288 5715 5610352 4287265 1323087 14466234 5766591 8699643 78291671 X 65083494 4614040 1211023 5825063 59258431 170332 23814019 23984351 83242782 43238406 653941 653941 42584465 170332 23814019 23984351 66568816 PART III, LINE 4: BENNINGTON COLLEGE WAS THE FIRST COLLEGE IN THE NATION TO INCLUDE THE VISUAL AND PERFORMING ARTS AS AN EQUAL PARTNER IN THE LIBERAL ARTS CURRICULUM. BY THE MIDDLE OF THE 20TH CENTURY, BENNINGTON WAS ALREADY PLAYING A CENTRAL ROLE IN THE AMERICAN ARTS SCENE - SERVING AS A LOCUS FOR MANY MAJOR FIGURES IN THE ART WORLD. BECAUSE OF ITS REMARKABLE HISTORY, BENNINGTON COLLEGE HAS ACQUIRED A UNIQUE COLLECTION OF PAINTINGS, PHOTOGRAPHS, PRINTS AND SCULPTURES - A LARGE PORTION OF THE COLLECTION CONSISTING OF WORK MADE BY ITS RENOWNED ALUMNI, FACULTY AND CAMPUS VISITORS. PRIMARILY A TEACHING COLLECTION, NEW WORK AND WORK FROM THE EXISTING COLLECTION ARE EVALUATED FOR THEIR RELEVANCE TO THE COLLECTION AS A WHOLE. SELECT WORK IS OCCASIONALLY LENT FOR NATIONAL EXHIBITIONS AND EXHIBITIONS IN THE REGION. MUCH OF THE COLLECTION IS PERMANENTLY ON DISPLAY THROUGHOUT THE CAMPUS AND IS EXHIBITED ROUTINELY THROUGH SPECIAL EXHIBITIONS IN THE COLLEGE'S USDAN GALLERY AND CROSSETT LIBRARY. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF SEVERAL DOZEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE COLLEGE, IF ANY, TO FUNCTION AS ENDOWMENTS. THE COLLEGE USES THE TOTAL RETURN CONCEPT, AND ITS SPENDING POLICY IS DESIGNED TO STABILIZE ANNUAL SPENDING LEVELS AND TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A POSITION HAS MET THE RECOGNITION THRESHOLD, THE COLLEGE MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE COLLEGE HAS ANALYZED ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE GENERALLY OPEN FOR EXAM BY TAXING AUTHORITIES THREE YEARS AFTER FILING, WHICH FOR THE COLLEGE ARE 2018, 2019 AND 2020. MAJOR TAXING AUTHORITIES FOR THE COLLEGE INCLUDE THE FEDERAL GOVERNMENT AND THE STATE OF VERMONT. THE COLLEGE HAS NO EXAMINATIONS IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL TRUST INTEREST 543,560. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -329. CHANGE IN VALUE OF GIFT ANNUITIES 13,851. COST OF GOODS SOLD 86,213. RENT EXPENSE 567,728. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 23,814,019. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 86,213. RENT EXPENSE 567,728. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 23,814,019. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BENNINGTON COLLEGE IS COMMITTED TO A POLICY OF NON-DISCRIINATION AS DEFINED UNDER APPLICABLE STATE AND FEDERAL LAWS. DISCRIMINATION WITH REGARD TO AGE, SEX, CREED, DISABILITY, NATIONAL ORIGIN, RACE, COLOR, SEXUAL ORIENTATION, GENDER IDENTITY, MARITAL STATUS, OR ANY OTHER LEGALLY PROTECTED CATEGORY IS PROHIBITED. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED PPP FUNDS WHICH WERE FORGIVEN DURING THE YEAR ENDED 06/30/2021. THE ORGANIZATION ALSO RECEIVES VARIOUS FUNDING FROM THE STATE OF VERMONT AS WELL AS THE U.S. DEPARTMENT OF EDUCATION. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING 170780 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTMAKING 1082463 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 1077122 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANTMAKING 113234 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 239547 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTMAKING 718943 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTMAKING 410773 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTMAKING 1454151 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING 835157 0 0 0 0 0 0 5267013 835157 6102170 BENNINGTON GRANTS AND SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 4 170780 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 25 1082463 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 20 1077122 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 113234 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 6 239547 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 16 718943 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 9 410773 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 28 1454151 ACCOUNT CREDIT BENNINGTON GRANTS AND SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 15 835157 ACCOUNT CREDIT 0 0 0 0 0 0 PART I, LINE 2: ALL GRANTS REPRESENT SCHOLARSHIP/FINANCIAL ASSISTANCE TO INTERNATIONAL STUDENTS STUDYING AT THE COLLEGE'S CAMPUS IN THE UNITED STATES. BENNINGTON MONITORS THE USE OF FUNDS THROUGH THE ANALYSIS OF TRANSCRIPTS, GRADES AND WRITTEN NARRATIVES BY BOTH FACULTY AND STUDENTS. PROGRESS TOWARD THE REQUIREMENTS TO COMPLETE A DEGREE IS CLOSELY MONITORED. GRANTS ARE ONLY PROVIDED TO CURRENTLY ENROLLED STUDENTS. PART III ACCOUNTING METHOD: 1 BENNINGTON GRANTS AND SCHOLARSHIPS 581 18241040 PART I, LINE 2: ALL GRANTS REPRESENT SCHOLARSHIP/FINANCIAL ASSISTANCE TO U.S. STUDENTS STUDYING AT THE COLLEGE'S CAMPUS IN THE UNITED STATES. BENNINGTON MONITORS THE USE OF FUNDS THROUGH THE ANALYSIS OF TRANSCRIPTS, GRADES AND WRITTEN NARRATIVES BY BOTH FACULTY AND STUDENTS. PROGRESS TOWARD THE REQUIREMENTS TO COMPLETE A DEGREE IS CLOSELY MONITORED. GRANTS ARE ONLY PROVIDED TO CURRENTLY ENROLLED STUDENTS. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 ISABEL ROCHE INTERIM PRESIDENT (THRU 07/31/20) 267973 0 0 0 0 0 16682 0 0 0 284655 0 0 0 LAURA WALKER PRESIDENT (START 08/01/2020) 204021 0 0 0 0 0 0 0 59844 0 263865 0 0 0 BRIAN MURPHY TREASURER/SVP OF FINANCE 235226 0 0 0 0 0 10516 0 15231 0 260973 0 0 0 PAIGE L BARTELS SECRETARY THRU 03/05/21 239266 0 0 0 0 0 10113 0 6742 0 256121 0 0 0 JOSE ANTONIO N CABASCO VP FOR ENROLLMENT 180120 0 0 0 0 0 8155 0 23613 0 211888 0 0 0 TIMOTHY CLEMMEY ACTING VP INST. MGMT 170484 0 0 0 0 0 6703 0 0 0 177187 0 0 0 ANDREW M SCHLATTER VP FACILITIES 139912 0 0 0 0 0 6563 0 23613 0 170088 0 0 0 DELIA S SAENZ VP FOR DIVERSITY THRU 06/21 139052 0 0 0 11114 0 7586 0 11413 0 169165 0 0 0 PART I, LINE 1A HOUSING: AS A SMALL, RESIDENTIAL UNDERGRADUATE COLLEGE, BENNINGTON'S PRESIDENT IS REQUIRED TO LIVE AT THE COLLEGE OWNED RESIDENCE MAINTAINED HISTORICALLY FOR THE USE OF SITTING PRESIDENT. IN ADDITION TO SERVING AS THE PRESIDENT'S RESIDENCE, THE PRESIDENT'S HOUSE IS USED FOR NUMEROUS PRESIDENTIAL-LED ACTIVITIES INCLUDING TRUSTEE, FACULTY,STAFF, STUDENT AND ALUMNI MEETINGS, RECEPTIONS AND EVENTS. THE HOUSING IS NON-TAXABLE BENEFIT PROVIDED TO THE PRESIDENT AND THE ESTIMATED AMOUNT OF THIS BENEFIT IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II FOR NONTAXABLE BENEFITS. PERSONAL SERVICE: A HOUSEKEEPER IS PROVIDED TO THE PRESIDENT TO FACILITATE HER ABILITY TO FOCUS ON HER DUTIES AND RESPONSIBILITIES. THE TOTAL COST OF WAGES AND BENEFITS FOR THE ASSISTANCE HAS BEEN INCLUDED IN THE PRESIDENT'S REPORTED TAXABLE WAGES. PART I, LINE 4B LAURA WALKER, PRESIDENT, PARTICIPATES IN A 457(B) PLAN AND THE AMOUNT ACCRUED UNDER THE PLAN FOR TAX YEAR 2020 WAS $19,500. NICHOLAS STEVENS BOARD CHAIR 76790 10 ACRES OF UNIMPROVED FARMLAND SALE TO INTERESTED PERSON - LAND WAS APPRAISED BY AN INDEPENDENT THIRD PARTY AND SALE WAS APPROVED BY THE EXECUTIVE COMMITTEE. THE PROPERTY WILL EVENTUALLY REVERT BACK TO THE COLLEGE AND THE INTERSTED PERSON HAS AGREED TO BUILD A MINIMUM $1,000,000 HOME ON THE PROPERTY. 0 X 5 1537885 APPRAISAL X 18852 COST X 34 4258007 MARKET VALUE 0 1 0 PART I, COLUMN (B): DETERMINED BY NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A DRAFT OF THE FORM 990 FOR THEIR REVIEW AND COMMENT. AFTER RECEIPT OF THEIR COMMENTS AND QUESTIONS. CHANGES OR CORRECTIONS WERE MADE PRIOR TO SUBMISSION OF THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY READS AS FOLLOWS: 1) TRUSTEES, OFFICERS AND KEY EMPLOYEES OF BENNINGTON COLLEGE SHALL AVOID PLACING THEMSELVES IN POSITIONS IN WHICH THERE MAY BE CONFLICT BETWEEN THEIR PERSONAL INTERESTS AND THEIR DUTIES TO BENNINGTON. 2) A CONFLICT OF INTEREST EXISTS WHEN THERE IS THE POTENTIAL THAT A TRUSTEE, OFFICER, OR KEY EMPLOYEE MAY OBTAIN A DIRECT OR INDIRECT PECUNIARY OR OTHER PERSONAL BENEFIT, OR ANY OTHER OMPROPER GAIN OR ADVANTAGE, AT THE EXPENSE OF THE INTERESTS OF THE COLLEGE, OR WHEN A TRUSTEE, OFFICER, OR KEY EMPLOYEE OF THE COLLEGE ACCEPTS A GIFT OR OTHER FAVOR UNDER CIRCUMSTANCES FROM WHICH IT MIGHT BE INFERRED THAT SUCH GIFTS WERE INTENDED TO INFLUENCE THE PERFORMANCE OF DUTIES FOR THE COLLEGE. 3) INDIVIDUALS COVERED BY THIS POLICY HAVE A DUTY TO VOLUNTARILY SELF-DISCLOSE TO THE CHAIR OF THE BOARD OF TRUSTEES (UNLESS THE DISCLOSURE IS BY THE CHAIR, IN WHICH EVENT IT SHALL BE MADE TO THE VICE CHAIR) ANY POTENTIAL CONFLICT OF INTEREST:(I) PRIOR TO ASSUMING THEIR RESPONSIBILITIES, AND (II) AT THE TIME ANY POTENTIAL CONFLICT ARISES. IN THE CASE OF DISCLOSURE BY A KEY EMPLOYEE UNRELATED TO THE PROCEEDINGS OF THE BOARD OF TRUSTEES, THE DISCLOSURE SHALL BE MADE TO THE PRESIDENT. 4) EACH PROPOSED TRANSACTION IN WHICH IT IS DISCOSED OR OTHERWISE KNOWN TO THE BOARD OR TO MANAGEMENT THAT A TRUSTEE, OFFICER, OR KEY EMPLOYEE MAY HAVE A CONFLICT OF INTEREST SHALL BE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR SUCH ACTIONS AS THE EXECUTIVE COMMITTEE MAY DETERMINE AND REPORTED TO THE BOARD OF TRUSTEES. 5) ANY INDIVIDUAL COVERD BY THIS POLICY SHALL NOT VOTE OR USE THAT INDIVIUDAL'S PERSONAL INFLUENCE ON ANY MATTER WITH RESPECT TO WHICH THE INDIVIDUAL BELIEVES HIM OR HERSELF TO HAVE A CONFLICT OF INTEREST, OR WITH RESPECT TO WHICH THE EXECUTIVE COMMITTEE HAS DETERMINED PURSUANT TO PARAGRAPH 4 THAT THE INDIVIDUAL HAS A CONFLICT OF INTEREST SUBJECT TO THIS POLICY. 6) ALL DISSENTING VOTES AND ABSTENTATIONS FROM VOTING SHALL BE DULY NOTED IN THE MINUTES OF ALL MEETINGS OF THE BOARD AND ITS COMMITTEES. 7) EACH TRUSTEE, OFFICER OR KEY EMPLOYEE SHALL SIGN A CONFLICT OF INTEREST STATEMENT IN ACCORDANCE WITH THE STATEMENT ATTACHED HERETO. 8) THE SECRETARY OF THE CORPORATION SHALL MAINTAIN A FILE OF INFORMATION DISCLOSED BY TRUSTEES, OFFICERS AND KEY EMPLOYEES. SUCH FILE OF INFORMATION SHALL BE AMENDED ANNUALLY ON SUCH DATE AS THE BOARD OF TRUSTEES SHALL DETERMINE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS SET AFTER A REVIEW OF COMPENSATION DATA FROM PERTINENT INSTITUTIONS AND IN CONJUNCTION WITH AN ASSESSMENT OF PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 BENNINGTON COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST, AS REQUIRED. THE COLLEGE ALSO MAKES ITS AUDITED CONSOLIDATED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. ALL OTHER DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL TRUST INTEREST 543,560. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY -329. CHANGE IN VALUE OF GIFT ANNUITIES 13,851. BC CAMPUS HOLDINGS LLC 1 CAMPUS DRIVE BENNINGTON VT 05201 811952664 LEASING/FINANCING VT BENNINGTON COLLEGE CORPORATION FEUSRA REIT HOLDINGS II LLC 1370 AVENUE OF THE AMERICAS NEW YORK NY 10019 844704650 INVESTMENT NY N/A EXCLUDED 273826 216446 0 0 0.99800 PERPETUAL TRUST ONE COLLEGE DRIVE BENNINGTON VT 05201 TRUST VA N/A T 90949 491507 0 PERPETUAL TRUST ONE COLLEGE DRIVE BENNINGTON VT 05201 TRUST MN N/A T 452611 2109978 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0