2011-05-13T11:03:11-05:00 2010-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2009-07-01 041081650 BENTLEY UNIVERSITY BENT 7818912169 175 FOREST STREET WALTHAM MA 024524705 PAUL CLEMENTE 2011-05-13 6179881000 2009 2016-02-24 21:20:13Z PAUL CLEMENTE 175 FOREST STREET WALTHAM MA 024524705 317372000 false X WWW.BENTLEY.EDU X 1917 MA 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. 23 21 2953 40 903428 5000911 6454171 209998000 217592000 440000 1835000 1232089 1765829 216671000 227647000 52044000 55814000 0 0 97364610 102272939 0 0 3708116 74751390 72215061 224160000 230302000 -7489000 -2655000 447052000 466188000 210991000 216425000 236061000 249763000 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. false false 121261800 55814000 174888000 *INSTRUCTION* SEE SCHEDULE O 35828000 38342000 *AUXILIARY ENTERPRISES* SEE SCHEDULE O 27879000 1765829 *STUDENT SERVICES* SEE SCHEDULE O 13392768 4362000 198361568 true true false true false false true false true true true false true false true false true false false false false false true true true false false false false false false true false true true true false false false false true false false false true 6804 0 true 2953 true true true true BD CJ false false false false false false false 23 21 false false false false false false false true true false false true true true true true true true true false MA X X PAUL CLEMENTE - TREASURER 7818912169 175 FOREST STREET WALTHAM MA 024524705 KEVIN ARMATA 1.0 X 0 0 0 ROBERT P BADAVAS 1.0 X 0 0 0 J TERENCE CARLETON 2.0 X 0 0 0 GEORGE W CARMANY 1.0 X 0 0 0 R MARCELO CLAURE 1.0 X 0 0 0 KENNETH H COLBURN 1.0 X 0 0 0 CYNTHIA M DEYSHER 1.0 X 0 0 0 WILLIAM C FREDA 1.0 X 0 0 0 ANDREW J HAJDUCKY 1.0 X 0 0 0 DANIEL A KESHIAN 1.0 X 0 0 0 FRANCIS F KINGSLEY 1.0 X 0 0 0 DEBORAH A LEITCH 1.0 X 0 0 0 STEVEN MANFREDI 2.0 X 0 0 0 NORMAN I MASSRY 1.0 X 0 0 0 ELKIN B MCCALLUM 1.0 X 0 0 0 NATHAN R MILLER 1.0 X 0 0 0 OLAPERI ONIPEDE 1.0 X 0 0 0 MARK B SKALETSKY 1.0 X 0 0 0 ROBERT F SMITH 1.0 X 0 0 0 NIKOLAS STAVROPOULOS 1.0 X 0 0 0 DAVID WEENER 1.0 X 0 0 0 TANYA HAIRSTON WHITNER 1.0 X 0 0 0 GLORIA CORDES LARSON 65.0 X X 441573 0 95458 TRACI LOGAN 40.0 X 309344 0 34305 PAUL CLEMENTE 40.0 X 286926 0 46957 MICHAEL PAGE 40.0 X 274585 0 32238 SANDRA KING 40.0 X 264303 0 63096 JOANN MCKENNA 40.0 X 261678 0 46901 KATHLEEN YORKIS 40.0 X 203050 0 43319 JUDY MALONE 40.0 X 174295 0 23759 JOHN MOSSER 40.0 X 130626 0 26431 JAMES HUNTON 40.0 X 340945 0 44640 ROBERT GALLIERS 40.0 X 316980 0 25340 M LYNNE MARKUS 40.0 X 302222 0 30803 JEAN BEDARD 40.0 X 273667 0 25920 MOHAMMAD ABDOLMOHAMMADI 40.0 X 258199 0 45474 ROBERT MINETTI 40.0 X 254077 0 43014 4092470 0 627655 221 true true false 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 13 2019171 4435000 126691 6454171 TUITION AND FEES 900099 174888000 174888000 AUXILIARY 900099 41096168 40144014 952154 CONFERENCE SERVICES 721000 1516893 698694 818199 NATATORIUM USE 713940 90939 90939 217592000 1835000 -5710 1840710 0 0 0 0 0 0 0 89725000 0 89725000 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 1765829 1765829 1765829 227647000 217496537 903428 2792864 0 54363717 54363717 1450283 1450283 0 2452448 242892 2009102 200454 0 77871022 63599758 12240903 2030361 5890070 4327598 1425001 137471 11143089 9289236 1593202 260651 4916310 3711249 1090125 114936 887969 302003 507866 78100 331190 327645 3545 350858 350858 5081 5081 0 1516000 75800 1440200 5616926 4502147 1114779 4025745 3616353 405914 3478 4480769 3424273 819423 237073 0 0 13280352 12934424 301052 44876 983252 922132 24627 36493 0 927978 700270 117143 110565 8787289 8374021 413268 0 18892400 18128936 763464 613909 54247 559662 PURCHASED SERVICES 5338406 3025042 1864465 448899 LEASING AND RENTALS 1572125 1487093 84248 784 STUDY ABROAD 3481476 3481476 MISCELLANEOUS 1123336 348618 774288 430 230302000 198361568 28232316 3708116 7203000 14483000 6029000 6975000 1522000 1697000 7870000 7596000 3062000 3066000 414634000 158179000 260648000 256455000 103107000 112488000 55289000 61074000 2322000 2354000 447052000 466188000 26428000 27883000 6727000 7296000 149344000 146767000 28492000 34479000 210991000 216425000 X 164863000 172530000 33041000 38613000 38157000 38620000 236061000 249763000 447052000 466188000 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5081 5081 false LOBBYING EXPENSES PART II-B, LINE 1I MISCELLANEOUS LOBBYING $5,081 X false 150082000 296000 20682000 2688612 5637388 162734000 213924000 360000 -54021000 2550479 7630521 150082000 0.60000 0.18000 0.22000 true false 31871000 31871000 313507000 95237000 218270000 55288000 55288000 0 13968000 7654000 6314000 256455000 HEDGE FUNDS 51853000 F PARTNERSHIPS 9221000 F 61074000 0 INTEREST RATE SWAP AGREEMENTS 22875000 POST RETIREMENT BENEFITS 4913000 REFUNDABLE U.S. GOV'T GRANTS 6691000 34479000 227647000 230302000 -2655000 22414000 -6057000 16357000 13702000 244004000 22414000 -6057000 16357000 227647000 227647000 230302000 230302000 230302000 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> true true true SEE SCHEDULE O true true true true false false false false false false false false true false THE UNIVERSITY PROVIDES FINANCIAL AID FUNDS TO THE STUDENTS BASED ON GENERALLY ACCEPTED UNIFORM NON-DISCRIMINATORY METHODOLOGY. true true 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 0 0 4931759 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 PART I, LINE 2 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. true SCHOLARSHIPS 2874 54363717 PART I LINE 2 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. X X X true true X X X X X false false false false false false false false false 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 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. GE GOVERNMENT FINANCE PRIVATE ISSUE 043431814 2008-05-01 60000000 $56.1M REFUNDING; 3.9M NEW PROJECT false false 60000000 0 0 0 112550 0 3787450 2008 true false true true false false false false true 0.00817 0.00817 true false true false false false false NA N/A 32414 TUITION REMISS. SUE NEWELL SPOUSE OF ROBERT GALLIERS 251333 SALARY/FACULTY MEMBER false KEYSPAN ENERGY DELIVERY N. STAVROPOULOS - TRUSTEE 121942 SEE SCHEDULE O false X 9 46691 FAIR MARKET VALUE X SOFTWARE 1 40000 FAIR MARKET VALUE X MISC. EVENTS/TICKETS 15 40000 0 0 false true false 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. 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