FURP.ORG / PUBLIC DATA EXPLORER

BENNINGTON COLLEGE: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BENNINGTON COLLEGE (EIN 03-0179414)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-14
IRS object ID
201931349349303268
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-14T10:33:15-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030179414EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bennington College CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBENNBusinessNameControlTxt
Phone8024404328PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One College DriveAddressLine1Txt
CityBenningtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN MURPHYPersonNm
Person TitleTREASURERPersonTitleTxt
Signature2019-05-14SignatureDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARIKO SILVERBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One College DriveAddressLine1Txt
CityBenningtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$89,789,246GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BENNINGTON.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1932FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionBENNINGTON COLLEGE IS A LIBERAL ARTS EDUCATIONAL INSTITUTION LOCATED IN BENNINGTON, VERMONT. THE UNDERGRADUATE AND GRADUATE ENROLLMENT OF MORE THAN 800 STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body24VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee1060TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI-$31,251TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$31,251NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$15,165,939PYContributionsGrantsAmt
CY Contributions Grants$14,067,234CYContributionsGrantsAmt
PY Program Service Revenue$45,009,886PYProgramServiceRevenueAmt
CY Program Service Revenue$47,945,715CYProgramServiceRevenueAmt
PY Investment Income$1,045,919PYInvestmentIncomeAmt
CY Investment Income$1,643,693CYInvestmentIncomeAmt
PY Other Revenue$683,628PYOtherRevenueAmt
CY Other Revenue$961,487CYOtherRevenueAmt
PY Total Revenue$61,905,372PYTotalRevenueAmt
CY Total Revenue$64,618,129CYTotalRevenueAmt
PY Grants And Similar Paid$19,610,952PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$23,046,248CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$26,257,783PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$27,283,683CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,951,719CYTotalFundraisingExpenseAmt
PY Other Expenses$13,589,941PYOtherExpensesAmt
CY Other Expenses$14,256,946CYOtherExpensesAmt
PY Total Expenses$59,458,676PYTotalExpensesAmt
CY Total Expenses$64,586,877CYTotalExpensesAmt
PY Revenues Less Expenses$2,446,696PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$31,252CYRevenuesLessExpensesAmt
Total Assets BOY$107,370,752TotalAssetsBOYAmt
Total Assets EOY$130,923,368TotalAssetsEOYAmt
Total Liabilities BOY$36,308,396TotalLiabilitiesBOYAmt
Total Liabilities EOY$60,517,060TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$71,062,356NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$70,406,308NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$47,588,863ExpenseAmt
Grant$22,893,903GrantAmt
Revenue$47,273,077RevenueAmt
DescUNDERGRADUATE 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. BENNINGTON STUDENTS DRAW ON 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,119,028ExpenseAmt
Grant$152,345GrantAmt
Revenue$1,663,395RevenueAmt
DescGRADUATE 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 TWO LOW-RESIDENCY GRADUATE PROGRAMS: A MASTER OF FINE ARTS IN WRITING, WHICH IS NATIONALLY RECOGNIZED AND A MASTER OF FINE ARTS IN PERFORMING ARTS. THE COLLEGE ALSO OFFERS A POST BACCALAUREATE PREMEDICAL PROGRAM. IN 2017-18, THESE PROGRAMS SERVED APPROXIMATELY 100 STUDENTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$48,707,891TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document152IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1060EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OfYes (true)Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldVTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN MURPHYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8024404328PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One College DriveAddressLine1Txt
CityBenningtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05201ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
RICHARD ADER
TRUSTEE (STARTED 12/2017)1.0Yes (X)$0$0$0
PRISCILLA ALEXANDER
TRUSTEE1.0Yes (X)$0$0$0
TRACY KATSKY BOOMER
TRUSTEE1.0Yes (X)$0$0$0
SUSAN PARIS BORDEN
TRUSTEE1.0Yes (X)$0$0$0
SUZANNE BRUNDAGE
TRUSTEE1.0Yes (X)$0$0$0
MATTHEW CLARKE
TRUSTEE1.0Yes (X)$0$0$0
BARBARA USHKOW DEANE
VICE CHAIRMAN1.0Yes (X)$0$0$0
WILLIAM DERROUGH
TRUSTEE1.0Yes (X)$0$0$0
NARE FILIPOYSAN
TRUSTEE1.0Yes (X)$0$0$0
MICHAEL HECHT
TRUSTEE1.0Yes (X)$0$0$0
NEJLA KATICA
TRUSTEE (STARTED 6/2018)1.0Yes (X)$0$0$0
JOHN J KENNEY
TRUSTEE1.0Yes (X)$0$0$0
ALAN KORNBERG
CHAIRMAN1.0Yes (X)$0$0$0
DANIEL B ROWLAND
TRUSTEE1.0Yes (X)$0$0$0
ELLEN BESKIND SAFIR
TRUSTEE (STARTED 9/2017)1.0Yes (X)$0$0$0
MARY SCANLAN
TRUSTEE (STARTED 6/2018)1.0Yes (X)$0$0$0
CHARLENE SOLOW SCHWARTZ
TRUSTEE1.0Yes (X)$0$0$0
KIMBERLY SCOTT
TRUSTEE (STARTED 12/2017)1.0Yes (X)$0$0$0
JONATHAN MARC SHERMAN
TRUSTEE (STARTED 12/2017)1.0Yes (X)$0$0$0
JAMES SIMON
TRUSTEE1.0Yes (X)$0$0$0
BEN SIMPSON
TRUSTEE (ROTATED OFF 6/2018)1.0Yes (X)$0$0$0
NICHOLAS STEPHENS
VICE CHAIRMAN1.0Yes (X)$0$0$0
CATHARINE STIMPSON
TRUSTEE1.0Yes (X)$0$0$0
PENELOPE PERKINS WILSON
TRUSTEE1.0Yes (X)$0$0$0
MARIKO SILVER
PRESIDENT (EXOFFICIO)40.0$492,165$0$120,651Yes (X)
DAVID REES
SENIOR VP FOR INSTITUTIONAL INITIATIVES40.0$183,105$0$21,601Yes (X)
BRIAN MURPHY
VP FOR FINANCE AND ADMINISTRATION40.0$198,692$0$27,378Yes (X)
ISABEL ROCHE
PROVOST AND DEAN OF THE COLLEGE40.0$204,500$0$17,930Yes (X)
HUNG BUI
VP AND DEAN OF ADMISSIONS AND FINANCIAL AID40.0$184,247$0$30,803Yes (X)
MATT RIZZO
VP FOR INSTITUTIONAL ADVANCEMENT40.0$279,693$0$38,598Yes (X)
PAIGE BARTELS
SR. VP FOR STRATEGIC PARTNERSHIPS40.0$188,623$0$16,304Yes (X)
ELIZABETH BREIDINGER
EXECUTIVE DIRECTOR FOR DEVELOPMENT40.0$154,007$0$21,186Yes (X)
TERRY CREACH
ASSOCIATE DEAN - FACULTY AFFAIRS40.0$134,052$0$13,551Yes (X)
ANDREW SCHLATTER
AVP FOR FACILITIES MANAGEMENT AND PLANNING40.0$120,972$0$14,076Yes (X)
HEATHER FALEY
DIRECTOR OF HUMAN RESOURCES40.0$117,303$0$9,282Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,257,359TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$331,360TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K20IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
PC CONSTRUCTION
193 TILLEY DRIVESOUTH BURLINGTONVT05403GNRL CONTRACTOR$8,583,281
Aramark Corporation
PO BOX 906023CHARLOTTENC28290FOOD SERV. PROVIDER$4,163,240
CHRISTOFF FINIO ARCHITECTURE
250 W BROADWAYNEW YORKNY10013ARCHITECT$2,100,7054TH FLOOR
RUSSELL CONSTRUCTION SERVICES INC
170 SOUTH MAIN STRUTLANDVT05701GNRL CONTRACTOR$1,716,132SUITE 6
ENVIROVANTAGE
680 STROUDWATER STWESTBROOKME04092ENVIRONMENTAL REMEDIATION$853,685
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K20CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIIIYes (X)InfoInScheduleOPartVIIIInd
Government Grants$519,408GovernmentGrantsAmt
All Other Contributions$13,547,826AllOtherContributionsAmt
Noncash Contributions$6,393,914NoncashContributionsAmt
Total Contributions$14,067,234TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES611710$37,407,396$37,407,396
ROOM & BOARD721310$9,891,953$9,891,953
ANCILLARY STUDENT SVCS611710$646,366$646,366

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$47,945,715TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$637,470TotalRevenueColumnAmt
Exclusion$637,470ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$625,517RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$500,815RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$124,702RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$124,702TotalRevenueColumnAmt
Related Or Exempt Func Income$155,953RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$31,251UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$25,676,525SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$24,670,302SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,006,223SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,006,223TotalRevenueColumnAmt
Exclusion$1,006,223ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BOOKSTORE REVENUE611710$221,918$221,918
NON-FUNDRAISING EVENT REVENUE611710$55,323$55,323
EMPLOYEE FOOD SALES611710$21,808$21,808

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$537,736TotalRevenueColumnAmt
Related Or Exempt Func Income$537,736RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$836,785OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$64,618,129TotalRevenueColumnAmt
Related Or Exempt Func Income$48,938,453RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$31,251UnrelatedBusinessRevenueAmt
Exclusion$1,643,693ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$16,897,225TotalAmt
Program Services$16,897,225ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$6,149,023TotalAmt
Program Services$6,149,023ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,840,231TotalAmt
Program Services$471,784ProgramServicesAmt
Management And General$1,049,834ManagementAndGeneralAmt
Fundraising$318,613FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$20,847,246TotalAmt
Program Services$14,758,047ProgramServicesAmt
Management And General$4,408,867ManagementAndGeneralAmt
Fundraising$1,680,332FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,115,821TotalAmt
Program Services$754,031ProgramServicesAmt
Management And General$263,118ManagementAndGeneralAmt
Fundraising$98,672FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,992,440TotalAmt
Program Services$1,373,805ProgramServicesAmt
Management And General$446,444ManagementAndGeneralAmt
Fundraising$172,191FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,487,945TotalAmt
Program Services$1,017,637ProgramServicesAmt
Management And General$341,797ManagementAndGeneralAmt
Fundraising$128,511FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$115,777TotalAmt
Program Services$1,500ProgramServicesAmt
Management And General$114,277ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$76,000TotalAmt
Management And General$76,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$99,626TotalAmt
Management And General$99,626ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$139,863TotalAmt
Program Services$27,207ProgramServicesAmt
Management And General$112,656ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$808,201TotalAmt
Program Services$439,568ProgramServicesAmt
Management And General$319,722ManagementAndGeneralAmt
Fundraising$48,911FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$768,381TotalAmt
Program Services$493,250ProgramServicesAmt
Management And General$199,199ManagementAndGeneralAmt
Fundraising$75,932FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,379,256TotalAmt
Program Services$925,760ProgramServicesAmt
Management And General$453,496ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$844,654TotalAmt
Program Services$664,338ProgramServicesAmt
Management And General$62,230ManagementAndGeneralAmt
Fundraising$118,086FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$113,605TotalAmt
Program Services$51,617ProgramServicesAmt
Management And General$25,017ManagementAndGeneralAmt
Fundraising$36,971FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,070,383TotalAmt
Program Services$669,514ProgramServicesAmt
Management And General$400,869ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,374,295TotalAmt
Program Services$1,488,064ProgramServicesAmt
Management And General$1,886,231ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$587,399TotalAmt
Management And General$587,399ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OTHER SERVICES$2,889,485$656,918$1,963,330$269,237
FOOD SERVICES$1,675,986$1,596,596$78,111$1,279
PROJECTS AND EVENTS$120,659$117,115$3,326$218
OTHER MISCELLANEOUS EXPENSES$193,376$154,892$35,718$2,766

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$64,586,877TotalAmt
Program Services$48,707,891ProgramServicesAmt
Management And General$12,927,267ManagementAndGeneralAmt
Fundraising$2,951,719FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,684,220BOYAmt
EOY$15,302,746EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$16,800,677BOYAmt
EOY$15,662,261EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,100,824BOYAmt
EOY$797,765EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$144,424BOYAmt
EOY$140,320EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$646,723BOYAmt
EOY$465,410EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$116,120,003LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$42,866,623LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$61,841,610BOYAmt
EOY$73,253,380EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$22,522,505BOYAmt
EOY$21,828,500EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$48,235BOYAmt
EOY$48,235EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,581,534BOYAmt
EOY$3,424,751EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$107,370,752BOYAmt
EOY$130,923,368EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,444,475BOYAmt
EOY$4,991,651EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$4,335,879BOYAmt
EOY$4,227,100EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,977,553BOYAmt
EOY$51,298,309EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,550,489BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,308,396BOYAmt
EOY$60,517,060EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,620,764BOYAmt
EOY$22,070,370EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,724,985BOYAmt
EOY$16,127,566EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$31,716,607BOYAmt
EOY$32,208,372EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$71,062,356BOYAmt
EOY$70,406,308EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$107,370,752BOYAmt
EOY$130,923,368EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$31,252ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$144,964NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$542,336OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,745,304CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,274,613CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,147,330CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,165,939CurrentTaxYearMinus1YearAmt
Current Tax Year$14,067,234CurrentTaxYearAmt
Total$67,400,420TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,745,304CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,274,613CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,147,330CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,165,939CurrentTaxYearMinus1YearAmt
Current Tax Year$14,067,234CurrentTaxYearAmt
Total$67,400,420TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$67,400,420PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$893,013CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$765,662CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$808,275CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$756,821CurrentTaxYearMinus1YearAmt
Current Tax Year$869,493CurrentTaxYearAmt
Total$4,093,264TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$365,310CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$481,851CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$504,591CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$628,674CurrentTaxYearMinus1YearAmt
Current Tax Year$836,785CurrentTaxYearAmt
Total$2,817,211TotalAmt
FieldValueIRS element (for citing)
Total Support$74,310,895TotalSupportAmt
Gross Receipts Rltd Activities$209,569,217GrossReceiptsRltdActivitiesAmt
Public Support CY1700.9070PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$0PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090PublicSupportCY509Pct
Public Support PY5090.0PublicSupportPY509Pct
Investment Income CY0InvestmentIncomeCYPct

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - EMPLOYEE FOOD SALES, COLUMN A - 26140.0, COLUMN B - 24114.0, COLUMN C - 46745.0, COLUMN D - 15603.0, COLUMN E - 21808.0, COLUMN F - 134410.0; DESCRIPTION - BOOKSTORE REVENUE, COLUMN A - 164364.0, COLUMN B - 175513.0, COLUMN C - 217302.0, COLUMN D - 220048.0, COLUMN E - 220177.0, COLUMN F - 997404.0; DESCRIPTION - EVENT REVENUE, COLUMN A - 78260.0, COLUMN B - 55921.0, COLUMN C - 58091.0, COLUMN D - 62615.0, COLUMN E - 55323.0, COLUMN F - 310210.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 96546.0, COLUMN B - 226303.0, COLUMN C - 182453.0, COLUMN D - 330408.0, COLUMN E - 539477.0, COLUMN F - 1375187.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$4,013OtherActivitiesAmt
Total Lobbying Expenditures$4,013TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYTHE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORUMS SERVING THE INTEREST OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $4,013
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYTHE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VERMONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBERS IN VARIOUS FORUMS SERVING THE INTEREST OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $4,013

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$33,798,841BeginningYearBalanceAmt
Contributions$443,561ContributionsAmt
Investment Earnings Or Losses$1,549,453InvestmentEarningsOrLossesAmt
Grants Or Scholarships$244,447GrantsOrScholarshipsAmt
Other Expenditures$452,498OtherExpendituresAmt
Administrative Expenses$99,626AdministrativeExpensesAmt
End Year Balance$34,995,284EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$25,920,165BeginningYearBalanceAmt
Contributions$6,573,360ContributionsAmt
Investment Earnings Or Losses$2,002,153InvestmentEarningsOrLossesAmt
Grants Or Scholarships$234,333GrantsOrScholarshipsAmt
Other Expenditures$369,801OtherExpendituresAmt
Administrative Expenses$92,703AdministrativeExpensesAmt
End Year Balance$33,798,841EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,141,596BeginningYearBalanceAmt
Contributions$8,778,873ContributionsAmt
Investment Earnings Or Losses$965,248InvestmentEarningsOrLossesAmt
Grants Or Scholarships$295,955GrantsOrScholarshipsAmt
Other Expenditures$551,387OtherExpendituresAmt
Administrative Expenses$118,210AdministrativeExpensesAmt
End Year Balance$25,920,165EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,892,664BeginningYearBalanceAmt
Contributions$148,557ContributionsAmt
Investment Earnings Or Losses-$72,635InvestmentEarningsOrLossesAmt
Grants Or Scholarships$203,233GrantsOrScholarshipsAmt
Other Expenditures$500,097OtherExpendituresAmt
Administrative Expenses$123,660AdministrativeExpensesAmt
End Year Balance$17,141,596EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$16,095,407BeginningYearBalanceAmt
Contributions$494,226ContributionsAmt
Investment Earnings Or Losses$2,087,428InvestmentEarningsOrLossesAmt
Grants Or Scholarships$189,098GrantsOrScholarshipsAmt
Other Expenditures$465,313OtherExpendituresAmt
Administrative Expenses$129,986AdministrativeExpensesAmt
End Year Balance$17,892,664EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.0BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.921PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.079TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,824,024OtherCostOrOtherBasisAmt
Book Value$1,824,024BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,031,197OtherCostOrOtherBasisAmt
Depreciation$36,565,965DepreciationAmt
Book Value$55,465,232BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,957OtherCostOrOtherBasisAmt
Depreciation$522DepreciationAmt
Book Value$6,435BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,346,208OtherCostOrOtherBasisAmt
Depreciation$3,606,989DepreciationAmt
Book Value$1,739,219BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,911,617OtherCostOrOtherBasisAmt
Depreciation$2,693,147DepreciationAmt
Book Value$14,218,470BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$73,253,380TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescINTEREST RATE SWAPS AT FMVDesc
Amt$0Amt
FieldValueIRS element (for citing)
Total Liability$0TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$41,285,770TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$144,964NetUnrealizedGainsInvstAmt
Other Revenue-$23,087,769OtherRevenueAmt
Revenue Not Reported-$23,232,733RevenueNotReportedAmt
Revenue Subtotal$64,518,503RevenueSubtotalAmt
Investment Expenses Not Incld$99,626InvestmentExpensesNotIncldAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$99,626RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$64,618,129TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$41,941,818TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$500,815OtherExpensesIncludedAmt
Expenses Not Reported$500,815ExpensesNotReportedAmt
Expenses Subtotal$41,441,003ExpensesSubtotalAmt
Investment Expenses Not Incld2$99,626InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$23,046,248OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$23,145,874ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$64,586,877TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part X, Line 2THE COLLEGE GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 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 EVALUATION WHETHER A TAX 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 STATUTES OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR TAXING AUTHORITIES FOR THE COLLEGE INCLUDE THE FEDERAL GOVERNMENT AND THE STATE OF VERMONT. AS OF JUNE 30, 2017, OPEN FEDERAL AND VERMONT TAX YEARS FOR THE COLLEGE INCLUDE THE TAX YEARS ENDED JUNE 30, 2014 THROUGH JUNE 30, 2016. THE COLLEGE HAS NO EXAMINATION IN PROGRESS. THE COLLEGE BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
Schedule D, Part III, Line 4 Collections of art - description of collectionsBENNINGTON 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 ART 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 THE CROSSETT LIBRARY.
Schedule D, Part V, Line 4 Intended uses of endowment fundsTHE 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.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe College generally does not provide for income taxes since it is a tax-exempt organization under Section 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 tax 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 filling which for the College are 2015, 2016, and 2017. 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.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990CHANGE IN VALUE OF LONG-TERM INVESTMENTS - -107329 CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS - -483211 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 48204 RENT EXPENSES - 500815 FINANCIAL AID - -23046248
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990RENT EXPENSE - 500815
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsFINANCIAL AID - 23046248

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYBENNINGTON COLLEGE IS COMMITTED TO A POLICY OF NON-DISCRIMINATION 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(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTBENNINGTON COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT FINANCIAL AID PROGRAMS AS WELL AS RECEIVES GRANTS FROM THE NATIONAL SCIENCE FOUNDATION AND, OCCASIONALLY, OTHER GOVERNMENT AGENCIES. THE COLLEGE HAS ALSO BEEN APPROVED FOR FINANCIAL SUPPORT FROM THE USDA COMMUNITY FACILITIES PROGRAM IN THE FORM OF A DIRECT LOAN AND A USDA GUARANTEE OF A COMMERCIAL LOAN.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean00Grantmaking$323,925
East Asia and the Pacific00Grantmaking$1,085,820
Europe (Including Iceland and Greenland)00Grantmaking$1,596,390
Middle East and North Africa00Grantmaking$155,265
North America (Canada & Mexico only)00Grantmaking$123,935
Russia and Neighboring States00Grantmaking$575,243
South America00Grantmaking$378,146
South Asia00Grantmaking$1,445,479
Sub-Saharan Africa00Grantmaking$464,820
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$6,149,023SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$6,149,023TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (18 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Bennington GrantCentral America and the Caribbean7$250,925ACCT CREDIT
Bennington GrantEast Asia and the Pacific22$726,070ACCT CREDIT
Bennington GrantEurope (Including Iceland and Greenland)29$1,111,527ACCT CREDIT
Bennington GrantMiddle East and North Africa5$113,515ACCT CREDIT
Bennington GrantNorth America (Canada & Mexico only)2$88,935ACCT CREDIT
Bennington GrantRussia and Neighboring States12$467,243ACCT CREDIT
Bennington GrantSouth America9$308,146ACCT CREDIT
Bennington GrantSouth Asia27$1,062,354ACCT CREDIT
Bennington GrantSub-Saharan Africa10$339,789ACCT CREDIT
Brockway ScholarshipCentral America and the Caribbean5$73,000ACCT CREDIT
Brockway ScholarshipEast Asia and the Pacific22$359,750ACCT CREDIT
Brockway ScholarshipEurope (Including Iceland and Greenland)26$484,863ACCT CREDIT
Brockway ScholarshipMiddle East and North Africa3$41,750ACCT CREDIT
Brockway ScholarshipNorth America (Canada & Mexico only)2$35,000ACCT CREDIT
Brockway ScholarshipRussia and Neighboring States9$108,000ACCT CREDIT
Brockway ScholarshipSouth America7$70,000ACCT CREDIT
Brockway ScholarshipSouth Asia24$383,125ACCT CREDIT
Brockway ScholarshipSub-Saharan Africa9$125,031ACCT CREDIT
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsALL 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.
Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDSALL 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.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FEDERAL GRANTS60$242,997
BENNINGTON GRANT368$10,012,081
BROCKWAY SCHOLARSHIP453$5,955,685
BENNINGTON SCHOLARSHIP1$29,550
OTHER GRANTS95$656,912

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationALL GRANTS TO INDIVIDUALS REPRESENT SCHOLARSHIP/FINANCIAL ASSISTANCE TO U.S. STUDENTS TO ATTEND THE COLLEGE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARIKO SILVER
PRESIDENT (EXOFFICIO)$492,165$0$0$0$0$0$106,413$0$14,238$0$612,816$0$0$0
DAVID REES
SENIOR VP FOR INSTITUTIONAL INITIATIVES$183,105$0$0$0$0$0$15,687$0$5,914$0$204,706$0$0$0
BRIAN MURPHY
VP FOR FINANCE AND ADMINISTRATION$198,692$0$0$0$0$0$17,470$0$9,908$0$226,070$0$0$0
ISABEL ROCHE
PROVOST AND DEAN OF THE COLLEGE$204,500$0$0$0$0$0$17,470$0$460$0$222,430$0$0$0
HUNG BUI
VP AND DEAN OF ADMISSIONS AND FINANCIAL AID$184,247$0$0$0$0$0$16,570$0$14,233$0$215,050$0$0$0
MATT RIZZO
VP FOR INSTITUTIONAL ADVANCEMENT$279,693$0$0$0$0$0$24,526$0$14,072$0$318,291$0$0$0
PAIGE BARTELS
SR. VP FOR STRATEGIC PARTNERSHIPS$188,623$0$0$0$0$0$15,687$0$617$0$204,927$0$0$0
ELIZABETH BREIDINGER
EXECUTIVE DIRECTOR FOR DEVELOPMENT$154,007$0$0$0$0$0$12,824$0$8,362$0$175,193$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal useAS A SMALL, RESIDENTIAL UNDERGRADUATE COLLEGE, BENNINGTON'S PRESIDENT IS REQUIRED TO LIVE AT THE COLLEGE OWNED RESIDENCE MAINTAINED HISTORICALLY FOR THE USE OF THE 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 A NON-TAXABLE BENEFIT PROVIDED TO THE PRESIDENT AND THE ESTIMATED AMOUNT OF THIS BENEFIT IS REPORTED ON SCHEDULE J, PART II. THE VP AND DEAN OF ADMISSIONS AND FINANCIAL AID IS ALSO PROVIDED WITH A COLLEGE OWNED RESIDENCE. THE RESIDENCE IS PROVIDED TO ASSIST IN MEETING THE ON CAMPUS DUTIES AND REQUIREMENTS OF THE POSITION.
Schedule J, Part I, Line 1a Personal servicesA 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.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planMARIKO SILVER, PRESIDENT OF THE COLLEGE, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AS DESCRIBED IN SECTION 457(F). THE AMOUNT ACCRUED UNDER THE PLAN FOR FY 2018 WAS $62,093, WHICH IS REPORTED ON SCHEDULE J, COLUMN C.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
VT ED & HEALTH BUILDINGS FINANCE AUTHORITY
A2371544672006-11-03$3,000,000CONSTRUCTION OF FACILITYYes (true)falsefalse
VERMONT ECONOMIC DEVELOPMENT AUTHORITY
B0360244972008-12-16$10,000,000SEE PART VIYes (true)falsefalse
VERMONT ECONOMIC DEVELOPMENT AUTHORITY
C0360244972008-12-31$10,000,000CONSTRUCTION OF FACILITYYes (true)falsefalse
VERMONT ECONOMIC DEVELOPMENT AUTHORITY
D0360244972009-05-06$8,150,000CONSTRUCTION OF FACILITYYes (true)falsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndOther Spent ProceedsOtherSpentProceedsAmt
A$3,000,000$3,128,819$35,480$2,964,5202008falsefalseYes (true)Yes (true)
B$10,000,000$10,034,144$190,000$2,843,7562011falseYes (true)Yes (true)Yes (true)$6,966,244
C$10,000,000$10,135,471$150,000$9,850,0002011falsefalseYes (true)Yes (true)
D$8,150,000$8,250,669$163,000$7,946,2502012falsefalseYes (true)Yes (true)$40,750

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPct
Afalsefalsefalsefalse0.0falsefalsefalse
Bfalsefalsefalsefalse0.0falsefalsefalse0.00.0
Cfalsefalsefalsefalse0.0falsefalsefalse0.00.0
Dfalsefalsefalsefalse0.0falsefalsefalse0.00.0

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedInd
(no name)
AfalsefalsefalseYes (true)falsefalsefalsefalsefalse
TD BANK NA
BfalsefalsefalseYes (true)Yes (true)Yes (true)falsefalsefalse20.1falseYes (true)
TD BANK NA
CfalsefalsefalseYes (true)Yes (true)Yes (true)falsefalsefalse20.0falseYes (true)
TD BANK NA
DfalsefalsefalseYes (true)Yes (true)Yes (true)falsefalsefalse19.7falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
Afalse
Bfalse
Cfalse
Dfalse

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part I, Column (f)CONSTRUCTION OF FACILITY AND REFUND PRIOR TO ISSUE. OF THE AMOUNT OF PROCEEDS FROM THE BOND ISSUED 12/16/2008, $6,966,244 WAS AN ADVANCE REFUNDING OF A BOND ISSUED 10/21/1999.
Schedule K, Part II, Line 3THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS.
Schedule K, Part II, Line 11OTHER SPENT PROCEEDS IN COLUMN D OF $40,750 REPRESENT BOND ISSUER FEES.
Schedule K, Part IV, Line 2c NOTE REGARDING THE REBATE COMPUTATIONS:SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUNDS ARE OPERATED ON A BONA FIDE BASIS, NO FURTHER CALCULATIONS ARE NECESSARY.
Schedule K, Part III, Line 9 AND PART VTHERE ARE NO WRITTEN POLICIES AND PROCEDURES; HOWEVER, BENNINGTON COLLEGE COMPLIES WITH THE POLICIES AND PROCEDURES IN THE BOND DOCUMENTS.
Schedule K, Part IV, Line 2c COLUMN AIssuer name: VT ED & HEALTH BUILDINGS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/22/2008
Schedule K, Part IV, Line 2c COLUMN BIssuer name: VERMONT ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 06/16/2010
Schedule K, Part IV, Line 2c COLUMN CIssuer name: VERMONT ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 01/01/2011
Schedule K, Part IV, Line 2c COLUMN DIssuer name: VERMONT ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 04/30/2012

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1VERMONT ECONOMIC DEVELOPMENT AUTHORITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN036024497BondIssuerEIN
Bond Issued2017-09-12BondIssuedDt
Issue Price$47,575,000IssuePriceAmt
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$47,575,000TotalProceedsAmt
In Reserve Fund$11,920,046InReserveFundAmt
Capitalized Interest$2,323,761CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$1,211,267IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$24,847,398CapitalExpendituresAmt
Other Spent Proceeds$0OtherSpentProceedsAmt
Unspent$9,596,289UnspentAmt
Substantial Completion2019SubstantialCompletionYr
Current RefundingYes (true)CurrentRefundingInd
Advance RefundingfalseAdvanceRefundingInd
Final Allocation MadefalseFinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Private Bus Use By Others0.0PrivateBusUseByOthersPct
Private Bus Concerning UBI0.0PrivateBusConcerningUBIPct
Total Private Business Use0.0TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdfalseProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetYes (true)RebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsfalseWrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionfalseProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution21ContributionCnt
Noncash Contributions Rpt F990$569,150NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Miscellaneous SecuritiesMiscellaneousGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution44ContributionCnt
Noncash Contributions Rpt F990$5,030,400NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Real Estate Other RealEstateOtherGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$375,600NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescOTHERDesc
Contribution57ContributionCnt
Noncash Contributions Rpt F990$418,764NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationSecurities - Miscellaneous - NUMBER OF CONTRIBUTIONS Other - OTHER NUMBER OF CONTRIBUTIONS Real estate - Other - NUMBER OF CONTRIBUTIONS Art - Works of art - NUMBER OF ITEMS RECEIVEDExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b Review of form 990 by governing bodyALL 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, Line 12c Conflict of interest policyTHE CONFILICT 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 IMPROPER 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 FIGTS 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: (1) PRIOR TO ASSUMING THEIR RESPONSIBILITIES, AND (2) 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 DISCLOSED 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 ACTION AS THE EXECUTIVE COMMITTEE MAY DETERMINE AND REPORTED TO THE BOARD OF TRUSTEES. 5. ANY INDIVIDUAL COVERED BY THIS POLICY SHALL NOT VOTE OR USE THAT INDIVIDUAL'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 ABSTENTIONS 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, OFFICER 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, Line 15a Process to establish compensation of top management officialTHE 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, Line 19 Required documents available to the publicBENNINGTON COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST, AS REQUIRED. ALL OTHER DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
Form 990, Part VIII, Line 11d Other Miscellaneous RevenueOTHER REVENUE - Total Revenue: 537736, Related or Exempt Function Revenue: 537736, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesCHANGE IN VALUE OF INVESTMENT RETURN ON LONG-TERM INVESTMENTS - -107329; CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS - -483211; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 48204;
FORM 990, PART III, LINE 1 ORGANIZATION'S MISSIONBENNINGTON COLLEGE IS A LIBERAL ARTS EDUCATIONAL INSTITUTION LOCATED IN BENNINGTON, VERMONT. THE UNDERGRADUATE AND GRADUATE ENROLLMENT IS MORE THAN 800 STUDENTS. ORGANIZATION'S MISSION: 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. ALSO KEY TO BENNINGTON'S PHILOSOPHY IS THE CONVICTION THAT A COLLEGE EDUCATION SHOULD NOT MERELY PROVIDE PREPARATION FOR GRADUATE SCHOOL OR A CAREER, BUT SHOULD BE AN EXPERIENCE VALUABLE IN ITSELF AND THE MODEL FOR A LIFELONG HABIT OF LEARNING. A STATEMENT DESCRIBING BENNINGTON'S GUIDING IDEALS WAS READ AT THE FIRST COMMENCEMENT AND HAS BEEN PART OF EVERY COMMENCEMENT SINCE - WHICH CONTINUES TO EXPRESS THE COLLEGE'S MISSION AND PURPOSES. COMMENCEMENT STATEMENT BENNINGTON REGARDS EDUCATION AS A SENSUAL AND ETHICAL, NO LESS THAN AN INTELLECTUAL, PROCESS. IT SEEKS TO LIBERATE AND NURTURE THE INDIVIDUALITY, THE CREATIVE INTELLIGENCE, AND THE ETHICAL AND AESTHETIC SENSIBILITY OF ITS STUDENT, TO THE END THAT THEIR RICHLY VARIED NATURAL ENDOWMENTS WILL BE DIRECTED TOWARD SELF-FULFILLMENT AND TOWARD CONSTRUCTIVE SOCIAL PURPOSES. WE BELIEVE THAT THESE EDUCATIONAL GOALS ARE BEST SERVED BY DEMANDING OUR STUDENTS' ACTIVE PARTICIPATION IN THE PLANNING OF THEIR OWN PROGRAMS, AND IN THE REGULATION OF THEIR OWN LIVES ON CAMPUS. STUDENT FREEDOM IS NOT THE ABSENCE OF RESTRAINT, HOWEVER; IT IS RATHER THE FULLEST POSSIBLE SUBSTITUTION OF HABITS OF SELF-RESTRAINT FOR RESTRAINT IMPOSED BY OTHERS. THE EXERCISE OF STUDENT FREEDOM IS THE VERY CONDITION OF A MEANINGFUL EDUCATION, AND AN ESSENTIAL ASPECT OF THE NURTURE OF FREE CITIZENS, DEDICATED TO CIVILIZED VALUES AND CAPABLE OF CREATIVE AND CONSTRUCTIVE MEMBERSHIP IN MODERN SOCIETY.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1BC CAMPUS HOLDINGS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1177 CAMPUS ROADAddressLine1Txt
CityBENNINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05201ZIPCd
FieldValueIRS element (for citing)
EIN811952664EIN
Primary ActivitiesLEASING/FINANCINGPrimaryActivitiesTxt
Legal Domicile StateVTLegalDomicileStateCd
Total Income$332,909TotalIncomeAmt
End Of Year Assets$53,102,727EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BENNINGTON COLLEGE CORPORATIONBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
BENNINGTON COLLEGE REST & CATERERS LTD
ONE COLLEGE DRIVEBENNINGTONVT05201030287721INACTIVEVTNAC Corporation$0$01.00Yes (true)
CHARITABLE REMAINDER TRUST (1)
ONE COLLEGE DRIVEBENNINGTONVT05201TRUSTCTNATrust$0$0Yes (true)
PERPETUAL TRUST (1)
ONE COLLEGE DRIVEBENNINGTONVT05201TRUSTVANATrust$401,823$411,380Yes (true)
PERPETUAL TRUST (1)
ONE COLLEGE DRIVEBENNINGTONVT05201TRUSTMNNATrust$1,689,208$1,727,855Yes (true)
LEAD TRUST (1)
ONE COLLEGE DRIVEBENNINGTONVT05201TRUSTNATrust$0$0Yes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd