2016-03-18T12:07:51-00:00 2015-06-30 Murphy & Company P C 1475 Klondike Road Suite 100 Conyers GA 30094 990 2014-07-01 560532296 Bennett College BENN 3365172100 900 E Washington Street Greensboro NC 27401 Leroy Summers Vice President for Business Finance 2106-03-17 true Dane Alexander 4048740555 2016-03-18 2014 2016-08-17 19:52:53Z Bennett College LeRoy Summers Jr 900 East Washington Street Greensboro NC 27401 18592423 false X www.bennett.edu X NC The mission of the College is to prepare students personally, socially and intellectually to effectively function in a changing global society. 24 22 356 36 0 5308438 6102356 13433042 11899241 13843 10277 22509 580549 18777832 18592423 1945828 1669680 0 844085 814855 0 353966 17954033 17356114 20743946 19840649 -1966114 -1248226 51927649 52399719 33865391 35863938 18062258 16535781 To offer women an education conducive to excellence in scholarly pursuits, preparation for leadership roles in the workplace, society, and the world, and life-long learning in a technologically advanced, complex global society. false false 11380701 1669680 9392589 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 2436549 2506652 Auxiliary Enterprise supports the Colleges mission of providing quaility educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics. 13817250 true true false false false false false true false true true false true false true true true false true false false false false false false false false false true true true false false false false false false false false false false true true false false false false false false false true 863 0 356 true false false false false false false false false false false false false false X 24 22 false false false false false false false true true false false true true true true true true true true false NC X Leroy Summers Jr 3365172100 900 E Washington Street Greensboro NC 27401 Dr Rosalind Fuse-Hall President 040.00 001.00 X X 210000 0 34259 Mrs Michelle Gethers Clark Treasurer 001.00 001.00 X X 0 0 0 Mr Rick Anicetti Secretary 001.00 001.00 X X 0 0 0 Mrs Deborah W Foster Chairwoman 001.00 001.00 X X 0 0 0 Rev Arnetta Beverly Trustee 001.00 001.00 X 0 0 0 Dr Christy Clayton Trustee 001.00 001.00 X 0 0 0 Mrs Sally S Cone Trustee 001.00 001.00 X 0 0 0 Bishop Larry M Goodpaster Trustee 001.00 001.00 X 0 0 0 Dr Trudie Kibbe Reed Vice-Chairwoman 001.00 001.00 X X 0 0 0 Mrs Cynthia Hardy Trustee 001.00 001.00 X 0 0 0 Ms Andrea Harris Trustee 001.00 001.00 X 0 0 0 Mrs Carolynn Johnson Trustee 001.00 001.00 X 0 0 0 Ms Susie Johnson Trustee 001.00 001.00 X 0 0 0 Dr John C Brunson Jr Trustee 001.00 001.00 X 0 0 0 Mrs Deborah T Love Trustee 001.00 001.00 X 0 0 0 Mrs Debra Plousha-Moore Trustee 001.00 001.00 X 0 0 0 Mrs Annie Tyson Jett PHR Trustee 001.00 001.00 X 0 0 0 Ms Chekesha Kidd Trustee 001.00 001.00 X 0 0 0 Ms Jackie Parker Trustee 001.00 001.00 X 0 0 0 Mrs Denise Turner Roth Trustee 001.00 001.00 X 0 0 0 Mrs Belinda Reed Shannon Trustee 001.00 001.00 X 0 0 0 Mr Eric Watson Trustee 001.00 001.00 X 0 0 0 Mr LeRoy Summers Jr Vice President, Business and Finance 040.00 001.00 X 110000 0 7700 Dr Rolanda C Burney Chief of Staff 040.00 001.00 X 94000 0 0 Ms Karen Green Vice President, Enrollment Management/College Registrar 040.00 001.00 X 90891 0 0 Dr Michelle Linster Interim Provost 040.00 001.00 X 38708 0 2710 Ms Andrena Coleman Vice President, Administrative Services 040.00 001.00 X 80000 0 5600 Ms Audrey Franklin Interim Vice President, Institutional Advancement 040.00 001.00 X 66917 0 4684 Dr Joyce Blackwell Provost 040.00 001.00 X 69386 0 0 759902 54953 2 false true false Cisco Systems Capital Coporation PO Box 742927 Los Angeles CA 90074 IT Services 136449 Sodexo Inc & Affiliates PO Box 536922 Atlanta GA 30353 Facilities/ Food Service 2722012 Jeff Hargett Mechanical Inc 6845 Spencer Dixon Road Greensboro NC 27455 Construction Contractor 195711 3 2893882 3208474 85275 6102356 Tuition and Fees 611600 9392589 9392589 Sales and Services of Auxiliary Enterprises 611710 2506652 2506652 11899241 10277 10277 Other Income 900099 18557 18557 Investment return appropraited for operations 900099 561992 561992 580549 18592423 12490067 0 1669680 1669680 0 0 814855 814855 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 5841795 5841795 Public Service/ Academic Support 2175434 1521565 653869 Student Services 2013736 2013736 Insitutional Support 4888600 333925 4200709 353966 2436549 2436549 19840649 13817250 5669433 353966 2115939 2540082 610625 753451 156364 154129 798690 691758 2720 1299 3238224 3612934 61304296 30587370 31416822 30716926 11201922 11269319 2385421 2659821 922 51927649 52399719 1487939 1400967 29268009 28632466 2759817 5503174 349626 327331 33865391 35863938 X 5038667 2937888 1981334 2320600 11042257 11277293 18062258 16535781 51927649 52399719 X -1248226 -278251 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false false 11813469 97254 373691 250004 11640 12022770 12218319 131110 1435148 269476 1701632 11813469 11380355 691421 578476 431933 12218319 12553929 311867 1237782 332379 13771199 0.07000 0.93000 false false false 4029104 4029104 44158062 24970956 19187106 11081330 4529211 6552119 2035800 1087203 948597 30716926 Financial derivatives and other financial products Closely-held equity interests Art Collection 2659821 F 2659821 Federal income taxes Advances from Federal Government for Student Loans 327331 Capital Lease Obligation 327331 18314172 -278251 -278251 18592423 18592423 19840649 19840649 19840649 V Line 4 The endowment funds shown are considered permanently restricted. The College does not intend to use the funds. X Line 2 Accounting principles generally accepted in the United States of America require the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax position taken by the College and believes that there are no such positions as of June 30, 2015. Accordingly, no liability has been accrued. III 4 The campus of Bennett College is home to a host of historical documents,civil rights artifacts and urban treasures. Many of the items are on display for public exhibition, but also for the education of future generations of college students. true true true true true true true false false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students financial obligations. The Financial Aid Office has the necessary policies and procedures to ensure that the College adheres to and complies with federal regulations regarding eligibility for student financial aid. Requirements for receiving scholarships depend on other factors, such as grade point average, family income, or athletic talents. true Privately Funded Student Scholarships 347 1669680 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College also undergoes the required OMB A-133 audit annually. X true true X X X X false false false false false false false false false Dr Rosalind Fuse-Hall President 210000 19559 14700 244259 A Rice Capital Access Program LLC 270443193 2009-09-25 9695000 B Rice Capital Access Program LLC 270443193 2009-09-25 11305000 C Rice Capital Access Program LLC 270443193 2010-06-30 9500000 A 9693920 484695 237897 8971328 false false true true B 11192663 559632 277404 10355627 false false true true C 9500000 361883 194340 8943777 true false true true A false false false false true B false false false false true C false false false false true A false false true true false false false false true B false false true true true false false false true C false false true true false false false false true A true B true C true X 1 25000 Appraisal X 1 60275 Appraisal false true false Form 990, Part VI, Section B, Line 11b The College presents the Form 990 to its finance/audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required from the finance/audit committees review. Form 990, Part VI, Section B, Line 12c Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit/finance committee is responsible for ensuring adherence to the policy. Form 990, Part VI, Section B, Line 15a The Board of Trustees, based on predetermined areas of performance, evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990, Part VI, Section B, Line 15b Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary history, 2 market data from the CUPA Survey published in the Chronicle of Higher Education, and 3 the bargaining process. Form 990, Part VI, Section c, Line 19 The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies contact the business office and submit a request identifying the specific documents. Form 990, Part XI, Line 5 The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year.