BENTLEY UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- BENTLEY UNIVERSITY (EIN 04-1081650)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201111339349302386
- Schema version
- 2009v1.7
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T11:03:11-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041081650 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTLEY UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BENT | NameControl |
| Phone | 7818912169 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAUL CLEMENTE | Name |
| Title | TREASURER | Title |
| Date Signed | 2011-05-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PAUL CLEMENTE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 317372000 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.BENTLEY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1917 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY'S MISSION IS TO CREATE NEW KNOWLEDGE WITHIN AND ACROSS BUSINESS AND THE ARTS AND SCIENCES AND TO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2953 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 903428 | TotalGrossUBI |
| Contributions Grants Prior Year | 5000911 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6454171 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 209998000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 217592000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 440000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1835000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1232089 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1765829 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 216671000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 227647000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 52044000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 55814000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 97364610 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 102272939 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3708116 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 74751390 | OtherExpensePriorYear |
| Other Expenses Current Year | 72215061 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 224160000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 230302000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -7489000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2655000 | RevenuesLessExpensesCY |
| Total Assets BOY | 447052000 | TotalAssetsBOY |
| Total Assets EOY | 466188000 | TotalAssetsEOY |
| Total Liabilities BOY | 210991000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 216425000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 236061000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 249763000 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE UNIVERSITY'S MISSION IS TO CREATE NEW KNOWLEDGE WITHIN AND ACROSS BUSINESS AND THE ARTS AND SCIENCES AND TO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 121261800 | Expense |
| Grants | 55814000 | Grants |
| Revenue | 174888000 | Revenue |
| Description | *INSTRUCTION* SEE SCHEDULE O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 35828000 | Expense |
| Revenue | 38342000 | Revenue |
| Description | *AUXILIARY ENTERPRISES* SEE SCHEDULE O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 27879000 | Expense |
| Revenue | 1765829 | Revenue |
| Description | *STUDENT SERVICES* SEE SCHEDULE O | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 13392768 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 4362000 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 198361568 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 6804 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2953 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PAUL CLEMENTE - TREASURER | NamePerson |
| Telephone Number | 7818912169 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| KEVIN ARMATA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT P BADAVAS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| J TERENCE CARLETON | ||||||||
| CHAIRMAN OF THE BOARD | 2.0 | X | 0 | 0 | 0 | |||
| GEORGE W CARMANY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| R MARCELO CLAURE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KENNETH H COLBURN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CYNTHIA M DEYSHER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM C FREDA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ANDREW J HAJDUCKY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DANIEL A KESHIAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCIS F KINGSLEY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DEBORAH A LEITCH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| STEVEN MANFREDI | ||||||||
| VICE CHAIRMAN OF THE BOARD | 2.0 | X | 0 | 0 | 0 | |||
| NORMAN I MASSRY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ELKIN B MCCALLUM | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| NATHAN R MILLER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| OLAPERI ONIPEDE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARK B SKALETSKY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT F SMITH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| NIKOLAS STAVROPOULOS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID WEENER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| TANYA HAIRSTON WHITNER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| GLORIA CORDES LARSON | ||||||||
| PRESIDENT | 65.0 | X | 441573 | 0 | 95458 | X | ||
| TRACI LOGAN | ||||||||
| COO, VP IT | 40.0 | 309344 | 0 | 34305 | X | |||
| PAUL CLEMENTE | ||||||||
| VP BUSINESS & FIN. / TREASURER | 40.0 | 286926 | 0 | 46957 | X | |||
| MICHAEL PAGE | ||||||||
| PROVOST | 40.0 | 274585 | 0 | 32238 | X | |||
| SANDRA KING | ||||||||
| VP MKTG, COMM & PUBLIC AFFAIRS | 40.0 | 264303 | 0 | 63096 | X | |||
| JOANN MCKENNA | ||||||||
| VP ENROLLMENT MANAGEMENT | 40.0 | 261678 | 0 | 46901 | X | |||
| KATHLEEN YORKIS | ||||||||
| VP STUDENT AFFAIRS | 40.0 | 203050 | 0 | 43319 | X | |||
| JUDY MALONE | ||||||||
| GENERAL COUNSEL & CORP. SEC | 40.0 | 174295 | 0 | 23759 | X | |||
| JOHN MOSSER | ||||||||
| VP UNIVERSITY ADVANCEMENT | 40.0 | 130626 | 0 | 26431 | X | |||
| JAMES HUNTON | ||||||||
| PROFESSOR | 40.0 | 340945 | 0 | 44640 | X | |||
| ROBERT GALLIERS | ||||||||
| FORMER OFFICER/PROFESSOR | 40.0 | 316980 | 0 | 25340 | X | |||
| M LYNNE MARKUS | ||||||||
| PROFESSOR | 40.0 | 302222 | 0 | 30803 | X | |||
| JEAN BEDARD | ||||||||
| PROFESSOR | 40.0 | 273667 | 0 | 25920 | X | |||
| MOHAMMAD ABDOLMOHAMMADI | ||||||||
| PROFESSOR | 40.0 | 258199 | 0 | 45474 | X | |||
| ROBERT MINETTI | ||||||||
| FORMER OFFICER/PROFESSOR | 40.0 | 254077 | 0 | 43014 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4092470 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 627655 | TotalOtherCompensation |
| Number Individuals GT100 K | 221 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HURLEY OF AMERICA | |||||
| PO BOX 3157 | BOSTON | MA | 02241 | FACILITIES SERVICES | 1860012 |
| ACADEMIC RISK RESOURCES | |||||
| 930 COMMONWEALTH AVENUE | BOSTON | MA | 02215 | INSURANCE MANAGEMENT | 589529 |
| CAMBRIDGE ASSOCIATES | |||||
| 100 SUMMER STREET | BOSTON | MA | 02110 | INVESTMENT ADVISORS | 205062 |
| PRICEWATERHOUSECOOPERS | |||||
| PO BOX 7247-8001 | PHILADELPHIA | PA | 19170 | RISK CONSULTANTS | 143438 |
| KPMG LLP | |||||
| 60 SOUTH STREET | BOSTON | MA | 02111 | AUDITORS | 143000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Government Grants | 2019171 | GovernmentGrants |
| All Other Contributions | 4435000 | AllOtherContributions |
| Noncash Contributions | 126691 | NoncashContributions |
| Total Contributions | 6454171 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TUITION AND FEES | 900099 | 174888000 | 174888000 | ||
| AUXILIARY | 900099 | 41096168 | 40144014 | $952,154 | |
| CONFERENCE SERVICES | 721000 | 1516893 | 698694 | 818199 | |
| NATATORIUM USE | 713940 | 90939 | 90939 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 217592000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1835000 | TotalRevenueColumn |
| Unrelated Business Revenue | -5710 | UnrelatedBusinessRevenue |
| Exclusion | $1,840,710 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 89725000 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 89725000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 0 | GrossIncomeGaming |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1765829 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1765829 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1765829 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 227647000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 217496537 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 903428 | UnrelatedBusinessRevenue |
| Exclusion | $2,792,864 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54363717 | Total |
| Program Services | 54363717 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1450283 | Total |
| Program Services | 1450283 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2452448 | Total |
| Program Services | 242892 | ProgramServices |
| Management And General | 2009102 | ManagementAndGeneral |
| Fundraising | 200454 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77871022 | Total |
| Program Services | 63599758 | ProgramServices |
| Management And General | 12240903 | ManagementAndGeneral |
| Fundraising | 2030361 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5890070 | Total |
| Program Services | 4327598 | ProgramServices |
| Management And General | 1425001 | ManagementAndGeneral |
| Fundraising | 137471 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11143089 | Total |
| Program Services | 9289236 | ProgramServices |
| Management And General | 1593202 | ManagementAndGeneral |
| Fundraising | 260651 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4916310 | Total |
| Program Services | 3711249 | ProgramServices |
| Management And General | 1090125 | ManagementAndGeneral |
| Fundraising | 114936 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 887969 | Total |
| Program Services | 302003 | ProgramServices |
| Management And General | 507866 | ManagementAndGeneral |
| Fundraising | 78100 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 331190 | Total |
| Management And General | 327645 | ManagementAndGeneral |
| Fundraising | 3545 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350858 | Total |
| Management And General | 350858 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5081 | Total |
| Management And General | 5081 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1516000 | Total |
| Program Services | 75800 | ProgramServices |
| Management And General | 1440200 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5616926 | Total |
| Program Services | 4502147 | ProgramServices |
| Management And General | 1114779 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4025745 | Total |
| Program Services | 3616353 | ProgramServices |
| Management And General | 405914 | ManagementAndGeneral |
| Fundraising | 3478 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4480769 | Total |
| Program Services | 3424273 | ProgramServices |
| Management And General | 819423 | ManagementAndGeneral |
| Fundraising | 237073 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13280352 | Total |
| Program Services | 12934424 | ProgramServices |
| Management And General | 301052 | ManagementAndGeneral |
| Fundraising | 44876 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 983252 | Total |
| Program Services | 922132 | ProgramServices |
| Management And General | 24627 | ManagementAndGeneral |
| Fundraising | 36493 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 927978 | Total |
| Program Services | 700270 | ProgramServices |
| Management And General | 117143 | ManagementAndGeneral |
| Fundraising | 110565 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8787289 | Total |
| Program Services | 8374021 | ProgramServices |
| Management And General | 413268 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18892400 | Total |
| Program Services | 18128936 | ProgramServices |
| Management And General | 763464 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 613909 | Total |
| Program Services | 54247 | ProgramServices |
| Management And General | 559662 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PURCHASED SERVICES | 5338406 | 3025042 | 1864465 | 448899 |
| LEASING AND RENTALS | 1572125 | 1487093 | 84248 | 784 |
| STUDY ABROAD | 3481476 | 3481476 | ||
| MISCELLANEOUS | 1123336 | 348618 | 774288 | 430 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230302000 | Total |
| Program Services | 198361568 | ProgramServices |
| Management And General | 28232316 | ManagementAndGeneral |
| Fundraising | 3708116 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7203000 | BOY |
| EOY | 14483000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6029000 | BOY |
| EOY | 6975000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1522000 | BOY |
| EOY | 1697000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7870000 | BOY |
| EOY | 7596000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3062000 | BOY |
| EOY | 3066000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 414634000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 158179000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 260648000 | BOY |
| EOY | 256455000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103107000 | BOY |
| EOY | 112488000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55289000 | BOY |
| EOY | 61074000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2322000 | BOY |
| EOY | 2354000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 447052000 | BOY |
| EOY | 466188000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26428000 | BOY |
| EOY | 27883000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6727000 | BOY |
| EOY | 7296000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149344000 | BOY |
| EOY | 146767000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28492000 | BOY |
| EOY | 34479000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210991000 | BOY |
| EOY | 216425000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164863000 | BOY |
| EOY | 172530000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33041000 | BOY |
| EOY | 38613000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38157000 | BOY |
| EOY | 38620000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 236061000 | BOY |
| EOY | 249763000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 447052000 | BOY |
| EOY | 466188000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $5,081 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 5081 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING EXPENSES | Identifier |
| Return Reference | PART II-B, LINE 1I | ReturnReference |
| Explanation | MISCELLANEOUS LOBBYING $5,081 | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 150082000 | BeginningOfYearBalance |
| Contributions | 296000 | Contributions |
| Investment Earnings Or Losses | 20682000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2688612 | GrantsOrScholarships |
| Other Expenditures | 5637388 | OtherExpenditures |
| End Of Year Balance | 162734000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 213924000 | BeginningOfYearBalance |
| Contributions | 360000 | Contributions |
| Investment Earnings Or Losses | -54021000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2550479 | GrantsOrScholarships |
| Other Expenditures | 7630521 | OtherExpenditures |
| End Of Year Balance | 150082000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.60000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.18000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31871000 | OtherCostOrOtherBasis |
| Book Value | 31871000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 313507000 | OtherCostOrOtherBasis |
| Depreciation | 95237000 | Depreciation |
| Book Value | 218270000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 55288000 | OtherCostOrOtherBasis |
| Depreciation | 55288000 | Depreciation |
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13968000 | OtherCostOrOtherBasis |
| Depreciation | 7654000 | Depreciation |
| Book Value | 6314000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 256455000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGE FUNDS | 51853000 | F |
| PARTNERSHIPS | 9221000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 61074000 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP AGREEMENTS | $22,875,000 |
| POST RETIREMENT BENEFITS | $4,913,000 |
| REFUNDABLE U.S. GOV'T GRANTS | $6,691,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 34479000 | TotalOfAmounts |
| Total Revenue | 227647000 | TotalRevenue |
| Total Expenses | 230302000 | TotalExpenses |
| Excess Or Deficit For Year | -2655000 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 22414000 | NetUnrealizedGLOnInvestments |
| Other | -$6,057,000 | OtherAmount |
| Total Adjustments | 16357000 | TotalAdjustments |
| Excess Or Deficit Per FS | 13702000 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 244004000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 22414000 | NetUnrealizedGainsInvestments |
| Other Revenues | -6057000 | OtherRevenues |
| Revenue Not Rptd F990 | 16357000 | RevenueNotRptdF990 |
| Revenue Subtotal | 227647000 | RevenueSubtotal |
| Total Revenue Per Form990 | 227647000 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 230302000 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 230302000 | ExpensesSubtotal |
| Total Expenses Per Form990 | 230302000 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS OF ART | PART III, LINE 4 | BENTLEY UNIVERSITY HAS A MODEST COLLECTION OF 50 PAINTINGS, SCULPTURES AND ORIENTAL RUGS THAT APPEAR IN PUBLIC COMMON AREAS THROUGHOUT THE CAMPUS AND IN PRIVATE OFFICES AND THE PRESIDENT'S HOUSE. BENTLEY INSURES THE COLLECTION WHICH IS CURRENTLY VALUED AT $254,265. |
| ENDOWMENT FUNDS | PART V, LINE 4 | THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIP TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. IN ADDITION, QUASI ENDOWMENT REPRESENTS 60% OF THE ENDOWMENT AND THOSE FUNDS ARE AVAILABLE FOR USE ON AN AS NEEDED BASIS. PRESENTLY, A DISTRIBUTION OF 5% OF A TWELVE QUARTER MOVING AVERAGE IS USED FOR OPERATION PURPOSES FROM ENDOWMENT. |
| OTHER CHANGES IN NET ASSETS | PART XI, LINE 8 | INTEREST RATE SWAPS $<5,475,000> CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT $ <209,000> POST RETIREMENT BENEFIT OBLIGATION $ <373,000> TOTAL $<6,057,000> |
| OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN | PART XII, LINE 2D | INTEREST RATE SWAP $<5,475,000> CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT $ <209,000> POST RETIREMENT BENEFIT OBLIGATION $ <373,000> TOTAL $<6,057,000> |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | SEE SCHEDULE O | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THE UNIVERSITY PROVIDES FINANCIAL AID FUNDS TO THE STUDENTS BASED ON GENERALLY ACCEPTED UNIFORM NON-DISCRIMINATORY METHODOLOGY. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (8 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 0 | Program Services | STUDY ABROAD | 1470623 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDY ABROAD | 2802367 |
| Middle East and North Africa | 0 | 0 | Program Services | STUDY ABROAD | 204649 |
| South America | 0 | 0 | Program Services | STUDY ABROAD | 97380 |
| Sub-Saharan Africa | 0 | 0 | Program Services | STUDY ABROAD | 289740 |
| Central America and the Caribbean | 0 | 0 | Program Services | STUDY ABROAD | 55200 |
| South Asia | 0 | 0 | Program Services | STUDY ABROAD | 11800 |
| Central America and the Caribbean | 0 | 0 | Investments |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 4931759 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (5 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| SCHOLARSHIPS | East Asia/Pacific | 46 | 444725 | ACCT CREDIT |
| SCHOLARSHIPS | Europe/Iceland/Greenland | 99 | 914393 | ACCT CREDIT |
| SCHOLARSHIPS | Sub-Saharan Africa | 3 | 37735 | ACCT CREDIT |
| SCHOLARSHIPS | Middle East/North Africa | 3 | 36250 | ACCT CREDIT |
| SCHOLARSHIPS | South America | 1 | 17180 | ACCT CREDIT |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 2 | Identifier |
| Explanation | THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS WHO WISH TO STUDY ABROAD. THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT AND ARE USED TO OFFSET THE COST OF THE PROGRAM. THE STUDENT DOES NOT DIRECTLY RECEIVE THIS ASSISTANCE. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 2874 | NumberOfRecipients |
| Amount Of Cash Grant | 54363717 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I LINE 2 | Identifier |
| Explanation | THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT. THE STUDENT DOES NOT DIRECTLY RECEIVE THIS ASSISTANCE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (15 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLORIA CORDES LARSON | |||||||||||||
| 441573 | 0 | 0 | 0 | 0 | 0 | 22250 | 0 | 73208 | 0 | 537031 | 0 | 0 | 0 |
| TRACI LOGAN | |||||||||||||
| 309344 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 9805 | 0 | 343649 | 0 | 0 | 0 |
| PAUL CLEMENTE | |||||||||||||
| 286926 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 22457 | 0 | 333883 | 0 | 0 | 0 |
| MICHAEL PAGE | |||||||||||||
| 274585 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 7738 | 0 | 306823 | 0 | 0 | 0 |
| SANDRA KING | |||||||||||||
| 264303 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 38596 | 0 | 327399 | 0 | 0 | 0 |
| JOANN MCKENNA | |||||||||||||
| 261678 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 22401 | 0 | 308579 | 0 | 0 | 0 |
| KATHLEEN YORKIS | |||||||||||||
| 203050 | 0 | 0 | 0 | 0 | 0 | 21000 | 0 | 22319 | 0 | 246369 | 0 | 0 | 0 |
| JUDY MALONE | |||||||||||||
| 174295 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23759 | 0 | 198054 | 0 | 0 | 0 |
| JOHN MOSSER | |||||||||||||
| 130626 | 0 | 0 | 0 | 0 | 0 | 13000 | 0 | 13431 | 0 | 157057 | 0 | 0 | 0 |
| ROBERT MINETTI | |||||||||||||
| 254077 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 18514 | 0 | 297091 | 0 | 0 | 0 |
| JAMES HUNTON | |||||||||||||
| 340945 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 20140 | 0 | 385585 | 0 | 0 | 0 |
| ROBERT GALLIERS | |||||||||||||
| 316980 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 840 | 0 | 342320 | 0 | 0 | 0 |
| M LYNNE MARKUS | |||||||||||||
| 302222 | 0 | 0 | 0 | 0 | 0 | 23133 | 0 | 7670 | 0 | 333025 | 0 | 0 | 0 |
| JEAN BEDARD | |||||||||||||
| 273667 | 0 | 0 | 0 | 0 | 0 | 22133 | 0 | 3787 | 0 | 299587 | 0 | 0 | 0 |
| MOHAMMAD ABDOLMOHAMMADI | |||||||||||||
| 258199 | 0 | 0 | 0 | 0 | 0 | 21839 | 0 | 23635 | 0 | 303673 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BENEFITS | PART I, LINE 1A | THE UNIVERSITY PROVIDES ON CAMPUS HOUSING FOR ITS PRESIDENT FOR THE CONVENIENCE OF THE UNIVERSITY; ESTIMATED MONTHLY RENTAL CHARGE IS $4,000 OR $48,000 ANNUALLY AND $6,240 FOR PERSONAL SERVICES. THE VALUE OF THE HOUSING AND PERSONAL SERVICES IS INCLUDED AS NONTAXABLE BENEFITS. THE UNIVERSITY PROVIDED AN AUTOMOBILE FOR ITS FORMER VP OF ADVANCEMENT, ESTIMATED PERSONAL USE OF THE VEHICLE WAS $3,644 FOR CALENDAR YEAR 2009. THE VALUE OF THE PERSONAL USE OF THE VEHICLE IS TAXABLE AND HAS BEEN INCLUDED IN THE INDIVIDUAL'S FORM W-2. |
| TRAVEL FOR COMPANIONS | PART I, LINE 1B | ON TWO SEPARATE OCCASIONS, THE UNIVERSITY DEEMED IT A BONAFIDE BUSINESS EXPENSE FOR THE PRESIDENT'S HUSBAND TO 1) ACCOMPANY HER ON A FUNDRAISING TRIP AND 2) TO SUBSTITUTE FOR HER IN BENTLEY RELATED BUSINESS. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GE GOVERNMENT FINANCE PRIVATE ISSUE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| Date Issued | 2008-05-01 | DateIssued |
| Issue Price | 60000000 | IssuePrice |
| Description Of Purpose | $56.1M REFUNDING; 3.9M NEW PROJECT | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 60000000 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Amount Defeased | 0 | AmountDefeased |
| Amount Unspent | 0 | AmountUnspent |
| Issuance Costs From Proceeds | 112550 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 3787450 | CapitalExpenditures |
| Year Of Subst Completion | 2008 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00817 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.00817 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | NA | NameOfInterestedPerson |
| Relationship With Organization | N/A | RelationshipWithOrganization |
| Amount Of Grant | 32414 | AmountOfGrant |
| Type Of Assistance | TUITION REMISS. | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SUE NEWELL | |||
| SPOUSE OF ROBERT GALLIERS | 251333 | SALARY/FACULTY MEMBER | false |
| KEYSPAN ENERGY DELIVERY | |||
| N. STAVROPOULOS - TRUSTEE | 121942 | SEE SCHEDULE O | false |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 46691 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SOFTWARE | 1 | 40000 | FAIR MARKET VALUE |
| X | MISC. EVENTS/TICKETS | 15 | 40000 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 3 | BENTLEY UNIVERSITY IS ONE OF THE NATION'S LEADING BUSINESS SCHOOLS, DEDICATED TO PREPARING A NEW KIND OF BUSINESS LEADER AND ONE WITH THE DEEP TECHNICAL SKILLS, THE BROAD GLOBAL PERSPECTIVE AND THE HIGH ETHICAL STANDARDS REQUIRED TO MAKE A DIFFERENCE IN AN EVER-CHANGING WORLD. TO ACHIEVE ITS GOAL, BENTLEY INFUSES ITS ADVANCED BUSINESS CURRICULUM WITH THE RICHNESS OF A LIBERAL ARTS EDUCATION. THE RESULTS ARE GRADUATES WHO ARE MAKING AN IMPACT IN THEIR CHOSEN FIELDS AND TURNING THEIR PASSIONS INTO SUCCESS STORIES. LOCATED ON A CLASSIC NEW ENGLAND CAMPUS JUST MINUTES FROM BOSTON, BENTLEY IS A DYNAMIC COMMUNITY OF LEADERS, SCHOLARS, AND CREATIVE THINKERS. TODAY, THE CHALLENGES OF A RAPIDLY CHANGING WORLD HAVE MADE BUSINESS SKILLS AND EXPERIENCES HOT COMMODITIES. MORE STUDENTS ARE CONSIDERING BUSINESS AS THE FOUNDATION OF THEIR HIGHER EDUCATION EXPERIENCE, AND CONSIDERING BENTLEY IN THE PROCESS. WITH ITS UNIQUE BLEND OF BUSINESS, TECHNOLOGY, AND THE LIBERAL ARTS, BENTLEY PROVIDES STUDENTS WITH RELEVANT, PRACTICAL, AND TRANSFERABLE SKILLS. BENTLEY BLENDS THE BREADTH AND TECHNOLOGICAL STRENGTH OF A LARGE UNIVERSITY WITH THE VALUES AND STUDENT FOCUS OF A SMALL COLLEGE. STUDENTS INTERESTED IN BUSINESS PROFESSIONS CHOOSE FROM A WIDE RANGE OF PROGRAMS THAT ADDRESS ALL FUNCTIONAL AREAS INCLUDING ACCOUNTANCY, FINANCE, MARKETING, MANAGEMENT, AND LIBERAL ARTS - ALL ANCHORED IN TECHNOLOGY. BENTLEY GRADUATES EXCEL IN COMPLEX AND DYNAMIC ENVIRONMENTS THROUGH THEIR CAPACITY TO INITIATE, LEAD, AND EFFECT VALUE-CREATING CHANGE. AS RESPONSIBLE AND ETHICAL INDIVIDUALS, THEY RECOGNIZE AND TAKE INTO ACCOUNT THE BROADER SOCIAL, POLITICAL, AND ENVIRONMENTAL CONTEXT WITHIN WHICH ALL ORGANIZATIONS OPERATE. AS A BUSINESS UNIVERSITY, BENTLEY UNIVERSITY DISTINCTIVELY INTEGRATES BUSINESS AND THE LIBERAL ARTS AND IS INTERNATIONALLY KNOWN FOR THE QUALITY AND IMPACT OF ITS EDUCATIONAL PROGRAMS AND RESEARCH. BENTLEY IS A LEADER IN PROMOTING ETHICAL AND SOCIALLY RESPONSIBLE ENTERPRISE AND THE CRITICAL ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGY IN ACHIEVING SUSTAINABLE HIGH PERFORMANCE. BENTLEY UNIVERSITY OFFERS BACHELOR OF SCIENCE DEGREES IN 11 BUSINESS FIELDS AND BACHELOR OF ARTS DEGREES IN FIVE ARTS AND SCIENCES DISCIPLINES. THE GRADUATE SCHOOL EMPHASIZES THE IMPACT OF TECHNOLOGY ON BUSINESS PRACTICE AND OFFERS PHD PROGRAMS IN BUSINESS AND ACCOUNTANCY, AN MBA WITH 17 AREAS OF CONCENTRATION, AN INTEGRATED MS+MBA, SEVEN MASTER OF SCIENCE DEGREES, AND CUSTOM EXECUTIVE EDUCATION PROGRAMS. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS INCLUDING U.S. NEWS WORLD REPORT, BUSINESSWEEK, THE PRINCETON REVIEW, AND MANY OTHERS. THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE ACCREDITED BY AACSB INTERNATIONAL AND THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. BENTLEY IS ALSO ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND IS ONE OF ONLY THREE BUSINESS SCHOOLS IN THE U.S. TO EARN EUROPEAN QUALITY IMPROVEMENT SYSTEM (EQUIS) ACCREDITATION. |
| PROGRAM SERVICES | FORM 990, PART III, LINES 4A-4D | LINE 4A *INSTRUCTION* BENTLEY PLACES VITAL EMPHASIS ON THE QUALITY OF ITS TEACHER/SCHOLAR FACULTY. THE FACULTY IS COMMITED TO ESTABLISHING EFFECTIVE TEACHING AND LEARNING RELATIONSHIPS WITH STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM WHILE PURSUING A SCHOLARLY AND RESEARCH AGENDA IN SUPPORT OF THE TEACHING MISSION. BENTLEY ENHANCES TEACHING EXCELLENCE ACROSS CAMPUS THROUGH A NUMBER OF INITIATIVES, INCLUDING MENTORING ACTIVITIES, INTERNAL AND EXTERNAL DEVELOPMENT PROGRAMS, AND PROMOTING THE SCHOLARSHIP OF TEACHING AND LEARNING. TO ADVANCE THE FRONTIERS OF KNOWLEDGE, FOSTER CURRICULAR INNOVATION, ENHANCE TEACHING, AND INFORM AND IMPROVE BUSINESS PRACTICE, BENTLEY PROFESSORS PURSUE A RIGOROUS AGENDA OF SCHOLARSHIP AND APPLIED RESEARCH. MUCH OF THIS WORK IS TRANSDISCIPLINARY WITH FACULTY FROM THE BUSINESS DISCIPLINES AND THE ARTS AND SCIENCES COLLABORATING WITH ONE ANOTHER AS WELL AS WITH OUTSIDE SCHOLARS AND BUSINESS LEADERS. ACCORDINGLY, THE BENTLEY CLASSROOM BECOMES A LABORATORY FOR LEARNING WHEN HIGHLY RESPECTED SCHOLARS INTERACT WITH STIMULATED STUDENTS. LINE 4B *AUXILIARY ENTERPRISES* THE MAIN PURPOSE OF THE UNIVERSITY'S AUXILIARY SERVICES IS TO PROVIDE ROOM AND BOARD CAPABILITIES TO THE STUDENTS WHO CHOOSE TO LIVE ON THE CAMPUS. ABOUT 80 PERCENT OF FULL-TIME BENTLEY UNDERGRADUATES LIVE ON CAMPUS - AND AMONG FRESHMEN, THAT FIGURE IS APPROXIMATELY 98 PERCENT. FRESHMEN LIVE IN TRADITIONAL DORMITORY RESIDENCE HALLS WITH DOUBLE, TRIPLE, OR QUAD OCCUPANCY. UNDERCLASSMEN OPTIONS INCLUDE SUITES AND ONE, TWO, THREE-BEDROOM APARTMENTS WITH BATHROOMS AND KITCHENETTES. ALL STUDENTS BENEFIT FROM INDIVIDUAL ACCESS TO THE INTERNET AND THE UNIVERSITY NETWORK IN THEIR OWN ROOM. OTHER AMENITIES INCLUDE ON-SITE LAUNDRY FACILITIES, AIR CONDITIONING, VENDING MACHINES, AND IN SOME BUILDINGS, GAME ROOMS AND WORKOUT FACILITIES. A RESIDENT ASSISTANT LIVES ON EACH FLOOR TO ASSIST STUDENTS. AT BENTLEY, THERE'S PLENTY FOR STUDENTS TO CHOOSE FROM WHEN HUNGRY. DINING SERVICES OFFERS A RANGE OF DELICIOUS AND CONVENIENT DINING OPTIONS FROM SEASONS DINING ROOM, OUR MAIN DINING HALL ON CAMPUS, TO SANDELLA'S FLATBREAD CAF, A NATIONAL CHAIN. LINE 4C *STUDENT SERVICES* BENTLEY IS DEDICATED TO CREATING A SAFE, CIVIL, AND INCLUSIVE COMMUNITY. ITS STAFF STRIVES TO DEVELOP A COMFORTABLE LIVING ENVIRONMENT WHERE THE RULES AND NEEDS OF THE COMMUNITY ARE VITAL TO FOSTERING THE PERSONAL AND INTELLECTUAL GROWTH FOR ALL ITS RESIDENTIAL STUDENTS. SAFETY AND CIVILITY ARE ACHIEVED BY THE JUDICIOUS APPLICATION OF COLLEGE RULES AND POLICIES TO PROMOTE PERSONAL ACCOUNTABILITY AND RESPONSIBILITY. PERSONAL GROWTH AND INCLUSIVENESS ARE SUPPORTED THROUGH STUDENT-CENTERED PROGRAMMING EFFORTS, HIGHLIGHTING THE IMPORTANCE OF CELEBRATING DIFFERENCES, BUILDING HEALTHY RELATIONSHIPS AND CREATING LEADERSHIP OPPORTUNITIES. INTELLECTUAL GROWTH IS ALSO STIMULATED BY CREATING RESIDENTIAL ENVIRONMENTS THAT ALLOW STUDENTS TO PURSUE THE ACADEMIC ENDEAVORS WHICH ARE NECESSARY FOR THE SUCCESSFUL COMPLETION OF A BENTLEY EDUCATION. THE RESIDENTIAL COMMUNITY OFFERS THE DIVERSE ARRAY OF STUDENTS AT BENTLEY OPPORTUNITIES FOR PERSONAL GROWTH AND DEVELOPMENT TO COMPLEMENT THEIR ACADEMIC AND PROFESSIONAL ACHIEVEMENTS. THERE ARE MORE THAN 100 UNDERGRADUATE STUDENT ORGANIZATIONS THAT OFFER OPPORTUNITIES FOR COLLABORATION AND NETWORKING, CHANCES TO CREATE, PLAN AND EXECUTE PROGRAMMING AND EVENTS, CHALLENGE AND EXPAND CURRENT VIEWS BY MEETING NEW PEOPLE AND HEARING NEW IDEAS, AND TO GAIN LEADERSHIP EXPERIENCES. BY ACHIEVING THE GOALS STATED ABOVE, THE BENTLEY RESIDENTIAL CENTER SEEKS TO COMPLEMENT THE ACADEMIC MISSION OF THE UNIVERSITY AND PREPARE STUDENTS TO BECOME VALUABLE AND CONTRIBUTING MEMBERS OF THE GLOBAL COMMUNITY. LINE 4D *OTHER PROGRAM SERVICES* OTHER PROGRAM SERVICES INCLUDE PROVIDING SUPPORT FOR OPERATING THE LIBRARY, THE ACADEMIC TECHNOLOGY CENTER, ENTERPRISE INFRASTRUCTURE, CLIENT COMPUTER SERVICES AND OTHER SIMILAR ACADEMIC SERVICES. |
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, SECTION B, LINE 11 | A FULL AND COMPLETE COPY OF THE FORM 990 AND ALL ITS ACCOMPANYING SCHEDULES WAS SENT TO THE UNIVERSITY'S TRUSTEE AUDIT COMMITTEE IN MID APRIL FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW, THE COMPLETE FORM 990 WAS SENT TO THE FULL BOARD IN EARLY MAY FOR ITS REVIEW. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARMS' LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR GOVERNANCE OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY. |
| COMPENSATION POLICY | FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS SALARY AND BENEFIT COMPENSATION FOR OUR PRESIDENT AND ALL OFFICERS. THIS INCLUDES REVIEW OF OTHER NON-PROFIT ORGANIZATION'S FORM 990, GENERAL SALARY SURVEYS AND STUDIES, AND REQUIRES APPROVAL BY THE FULL BOARD. IN ADDITION, THE PRESIDENT SIGNS A WRITTEN EMPLOYMENT CONTRACT. |
| PUBLIC DISCLOSURE | FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY'S PRINCIPAL GOVERNING DOCUMENTS INCLUDING THE ARTICLES OF INCORPORATION AND BY-LAWS ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND THEREFORE AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE FOR PUBLIC VIEWING. REGARDING CONFLICT OF INTEREST, THE INDIVIDUAL FORMS SIGNED BY TRUSTEES AND OFFICERS ARE NOT AVAILABLE FOR PUBLIC INSPECTION BUT THE FOLLOWING INFORMATION IS CONTAINED IN THE UNIVERSITY'S FINANCIAL STATEMENTS: MEMBERS OF THE UNIVERSITY BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS WRITTEN A CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN OR GOVERNANCE OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY. THE UNIVERSITY'S FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT THE WEBSITE OF MASSACHUSETTS' ATTORNEY GENERAL. |
| NONDISCRIMINATORY POLICY | SCHEDULE E, LINE 3 | BENTLEY UNIVERSITY DOES NOT DISCRIMINATE IN ADMISSION OR ACCESS TO, OR TREATMENT OF EMPLOYMENT IN, ANY OF ITS EDUCATIONAL PROGRAMS OR ACTIVITIES, INCLUDING SCHOLARSHIPS, LOANS, AND ATHLETICS, ON THE BASIS OF RACE, COLOR, SEX, MARITAL OR PARENTAL STATUS, AGE, NATIONAL OR ETHNIC ORIGIN, RELIGION, HANDICAP OR DISABILITY. THE COLLEGE COMPLIES WITH THE TITLE VI OF THE CIVIL RIGHTS ACT, TITLE IX OF THE EDUCATION AMENDMENTS, SECTION 504 OF THE REHABILITATION ACT AND REVENUE PROCEDURE 75-50 PROHIBITING SUCH DISCRIMINATION. ANYONE BELIEVING THAT HE OR SHE HAD EXPERIENCED ADVERSE TREATMENT MAY REGISTER A COMPLAINT WITH THE PRESIDENT'S ASSISTANT FOR EQUAL OPPORTUNITY, ROOM 306, RAUCH ADMINISTRATION CENTER, BENTLEY UNIVERSITY, 175 FOREST STREET, WALTHAM, MA 02452, TELEPHONE 781-891-2907. |
| BUSINESS TRANSACTIONS WITH INTERESTED PERSON | SCHEDULE L, PART IV | NIKOLAS STAVROPOULOS IS AN OFFICER AT KEYSPAN ENERGY DELIVERY, A UTILITY COMPANY HIRED BY THE UNIVERSITY TO SUPPLY NATURAL GAS TO CAMPUS. THE HIRING OF THE COMPANY WAS AN OPEN BID PROCESS WHERE OUR PURCHASING DEPARTMENT RECEIVED THREE SEPARATE BIDS. FURTHERMORE, MR. STAVROPOULOS WAS NOT INVOLVED IN THE BIDDING PROCESS AND HE PERSONALLY REPORTED THIS SITUATION ON HIS ANNUAL CONFLICT OF INTEREST FORM REQUIRED OF ALL TRUSTEE MEMBERS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| KAK CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 206402794 | CRUT | MA | TRUST | 0 | 141104 | 0.81000 |
| DL CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 206192588 | CRAT | MA | TRUST | 0 | 101864 | 0.77000 |
| LB CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 222786971 | CRUT | MA | TRUST | 0 | 11472 | 0.52000 |
| SR CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 222717231 | CRUT | MA | TRUST | 0 | 594690 | 0.63000 |
| SR CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 222717237 | CRUT | MA | TRUST | 0 | 676588 | 0.70000 |
| MF CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 222716926 | CRUT | MA | TRUST | 0 | 9946 | 0.55000 |
| MF CR TRUST | ||||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | 046797954 | CRAT | MA | TRUST | 0 | 14941 | 0.63000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |