2026-05-14T07:20:53-05:00 2025-06-30 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2024-07-01 560532296 BENNETT COLLEGE BENN 3365172100 900 E WASHINGTON STREET GREENSBORO NC 27401 TERESA HARDEE INTERIM PRESIDENT 3365172100 2026-05-11 1 0 STACY M WEST CPA P00452212 3362759886 2026-04-28 2024 2025-03-06 01:10:19Z TERESA HARDEE 900 E WASHINGTON STREET GREENSBORO NC 27401 14451445 0 X WWW.BENNETT.EDU X 1889 NC THE MISSION OF THE COLLEGE IS TO PREPARE STUDENTS PERSONALLY, SOCIALLY AND INTELLECTUALLY TO EFFECTIVELY FUNCTION IN A CHANGING GLOBAL SOCIETY. 18 18 225 15 0 0 11425702 8650011 4006362 3962716 888578 1712771 248826 125947 16569468 14451445 2641861 2441967 0 0 4838459 5753408 0 0 506458 8504466 7668247 15984786 15863622 584682 -1412177 45502241 45987969 8048203 9676889 37454038 36311080 TO OFFER WOMEN AN EDUCATION CONDUCIVE TO EXCELLENCE IN SCHOLARLY PURSUITS, PREPARATION FOR LEADERSHIP ROLES IN THE WORKPLACE, SOCIETY, AND THE WORLD, AND LIFE-LONG LEARNING IN A TECHNOLOGICALLY ADVANCED, COMPLEX GLOBAL SOCIETY. 0 0 6519422 2441967 2910520 TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD. A TOTAL OF 353 STUDENTS WERE ENROLLED DURING THE FALL AND SPRING SEMESTERS. 1141091 1138212 AUXILIARY ENTERPRISE SUPPORTS THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES, PARKING, VENDING, CAMPUS STORES AND ATHLETICS. 7660513 1 1 0 0 0 0 0 1 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 85 0 1 225 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TERESA HARDEE 3365172100 900 E WASHINGTON ST GREENSBORO NC 27401 JERMON M BAFATY TRUSTEE 1.00 X 0 0 0 DR RONALD L CARTER TRUSTEE 1.00 X 0 0 0 REV RODVEGAS MARC INGRAM SR TRUSTEE 1.00 X 0 0 0 DR CHARLENE GREEN TRUSTEE 1.00 X 0 0 0 CASSANDRA JONES HARVARD TRUSTEE 1.00 X 0 0 0 DR PAMELA CV JOLLY TRUSTEE 1.00 X 0 0 0 DR MELBA GOODE MCCALLUM TRUSTEE 1.00 X 0 0 0 NICOLE WASHINGTON TRUSTEE 1.00 X 0 0 0 NZINGA SHAW TRUSTEE 1.00 X 0 0 0 REV JOHN COLEMAN TRUSTEE 1.00 X 0 0 0 TONY SMALLS TRUSTEE 1.00 X 0 0 0 DR GOLDIE F WELLS TRUSTEE 1.00 X 0 0 0 DR AVRIL SMART GOGGANS TRUSTEE 1.00 X 0 0 0 MADIEU WILLIAMS TRUSTEE 1.00 X 0 0 0 MIGNON ESPY EDWARDS TRUSTEE 1.00 X 0 0 0 MELANI DZIIRE TRUSTEE 1.00 X 0 0 0 CHERYL PARQUET TRUSTEE 1.00 X 0 0 0 DEBRA CLARK JONES TRUSTEE 1.00 X 0 0 0 SUZANNE E WALSH PRESIDENT 40.00 X 305820 0 14906 LAURA MCLEAN VICE PRESIDENT, ACADEMIC AFFAIRS 40.00 X 45345 0 6225 ELIZABETH WAUGH CFO AND VICE PRESIDENT OF BUSINESS 40.00 X 140581 0 25140 JERMAINE THOMAS EXEUTIVE DIRECTOR, CAMPUS SAFETY AND HEALTH 40.00 X 118139 0 28089 YVETTE WIMBERLY ASSISTANT VICE PRESIDENT, ENROLLMENT 40.00 X 130987 0 20564 SANTIBA CAMPBELL ASSOCIATE PROFESSOR, PSYCHOLOGY 40.00 X 109578 0 25284 PHANALPHIE RHUE VICE PRESIDENT, INSTITUTIO 40.00 X 135530 0 17003 SHEMRICO ROMAN STANLEY VICE PRESIDENT, ENROLLEMENT 40.00 X 95517 0 7326 1081497 0 144537 6 0 1 0 THE BREWER-GARRETT CO PO BOX 72324 CLEAVELAND OH 44192 CONTRACTOR 2646476 PIONEER COLLEGE CATERERS 303 GLENROSE AVE NASHVEILLE TN 37210 FOOD SERVICES 520666 OCULUSIT LLC PO BOX 776800 CHICAGO IL 606776800 IT SERVICES 453000 DSI HOLDINGS CORPORATION (SERVICE MASTER 2400 WISCONSIN AVE DOWNERS GROVE IL 60515 CONTRACTOR 397027 4 6135046 2514965 8650011 TUITION AND FEES 611600 2824504 2824504 SALES AND SERVICES OF AUXILIARY E 611710 1138212 1138212 3962716 849534 849534 39931 0 39931 39931 39931 863237 0 863237 863237 863237 OTHER INCOME 900099 86016 86016 86016 14451445 4048732 0 1752702 2441967 2441967 1146982 1146982 4606426 2434380 2040055 131991 519556 519556 1361996 1090278 258779 12939 325996 325996 CONTRACTED SERVICES 3261333 864546 2137686 259101 MISCELLANEOUS 1022452 471282 450530 100640 UTILITIES 677884 11638 666246 SUPPLIES 499030 346422 150821 1787 15863622 7660513 7696651 506458 396174 118508 1020031 915561 455834 754164 1092506 170792 170047 37635020 14699098 23466169 22935922 16569648 16941265 2741821 2741821 487912 512035 45502241 45987969 1386162 1184749 117654 0 6539251 8483076 5136 9064 8048203 9676889 X 18711774 17006013 18742264 19305067 37454038 36311080 45502241 45987969 -1412177 389742 -120523 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 16520944 143400 1716876 1546011 59013 16776196 15341498 61710 1948599 760160 70703 16520944 14267353 930009 1418423 1225089 49198 15341498 15885069 649588 -1771185 384369 111750 14267353 13999399 176198 2233315 279307 121873 122663 15885069 0.03000 0.32000 0.65000 0 0 722071 722071 33834329 12542294 21292035 3043926 2156804 887122 34694 34694 22935922 ART COLLECTION 2741821 F 2741821 DEPOSITS AND OTHER LIABILITIES 9064 9064 X 12418366 389742 19146 408888 12009478 2441967 2441967 14451445 13440801 19146 19146 13421655 2441967 2441967 15863622 PART X, LINE 2: THE COLLEGE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND, THEREFORE, HAS MADE NO PROVISION FOR INCOME TAXES. THE COLLEGE ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, WHICH WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS, CIRCUMSTANCES, AND CURRENT TAX LAW, THE COLLEGE BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2025 AND INCLUDING THE PREVIOUS THREE (3) YEARS CONSIDERING EXTENSIONS, THE COLLEGE'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NETTED WITH REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NETTED WITH REVENUE PART III LINE 4 THE CAMPUS OF BENNETT COLLEGE IS HOME TO A HOST OF HISTORICAL DOCUMENTS, CIVIL RIGHTS ARTIFACTS AND URBAN TREASURES, MANY OF THE ITEMS ARE ON DISPLAY FOR PUBLIC EXHIBITION, BUT ALSO FOR THE EDUCATION OF FUTURE GENERATIONS OF COLLEGE STUDENTS. PART V LINE 4 THE PRINCIPAL OF THE ENDOWMENT FUNDS SHOWN ARE CONSIDERED PERMANENTLY RESTRICTED. THE COLLEGE DOES NOT INTEND TO USE THE FUNDS. THE EARNINGS FROM THE ENDOWMENT FUND ARE UTILIZED TO FUND SCHOLARSHIPS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIPS, OR LOAN PROGRAMS AND ATHLETIC AND SCHOOL ADMINISTERED PROGRAMS. THE COLLEGE'S NON-DISCRIMINATION STATEMENT APPEARS IN ALL BROCHURES AND APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 THE COLLEGE OFFERS SCHOLARSHIPS AND STUDENT FINANCIAL AID TO ASSIST WITH MEETING THE STUDENT'S FINANCIAL OBLIGATIONS. THE FINANCIAL AID OFFICE HAS THE NECESSARY POLICIES AND PROCEDURES TO ENSURE THAT THE COLLEGE ADHERES TO AND COMPLIES WITH FEDERAL REGULATIONS REGARDING ELIGIBILITY FOR STUDENT FINANCIAL AID. REQUIREMENTS FOR RECEIVING SCHOLARSHIPS DEPEND UPON OTHER FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME, OR ATHLETIC TALENTS. 1 PRIVATELY FUNDED STUDENT SCHOLARSHIPS 145 1208811 FEDERAL FINANCIAL AID 452 987451 STATE FINANCIAL AID 108 245705 PART III LINE 1 ALL SCHOLARSHIPS ARE AWARDED BASED UPON SPECIFIC CRITERIA MAINTAINED BY THE FINANCIAL AID OFFICE. REQUIREMENTS FOR RECEIVING SCHOLARSHIPS DEPEND UPON OTHER FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME OR ECONOMIC NEED. THE COLLEGE'S FINANCIAL AID STAFF MONITORS THE ELIGIBILITY GUIDELINES TO ENSURE COMPLIANCE. THE COLLEGE UNDERGOES THE UNIFORM GUIDANCE AUDIT ANNUALLY. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SUZANNE E WALSH PRESIDENT 305820 0 0 0 0 0 0 0 14906 0 320726 0 0 0 ELIZABETH WAUGH CFO AND VICE PRESIDENT OF BUSINESS 140581 0 0 0 0 0 0 0 25140 0 165721 0 0 0 PHANALPHIE RHUE VICE PRESIDENT, INSTITUTIO 135530 0 0 0 0 0 0 0 17003 0 152533 0 0 0 YVETTE WIMBERLY ASSISTANT VICE PRESIDENT, ENROLLMENT 130987 0 0 0 0 0 0 0 20564 0 151551 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S POLICY IS THAT THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEW THE IRS FORM 990 THAT IS FILED ON THE COLLEGE'S BEHALF BEFORE IT IS FILED WITH THE IRS. AN APPROVED MOTION OR AGREEMENT BY THE BOARD OF TRUSTEES IS REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. IRS FORM 990 SHALL BE DELIVERED TO THE BOARD MEMBERS FOR REVIEW ONE WEEK PRIOR TO THE FILE DATE. THE MEANS OF DELIVERY OF THE DOCUMENT SHALL BE IN HARD COPY OR VIA EMAIL TO EACH BOARD MEMBER'S BUSINESS MAILING ADDRESS OR EMAIL ADDRESS. THE RESULTS OF THE REVIEW AND SUBSEQUENT ACTIONS REGARDING THE IRS FORM 990 SHALL BE RECORDED IN THE OFFICIAL MEETING MINUTES OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE PROVIDES THE CONFLICT OF INTEREST STATEMENT TO THE BOARD MEMBERS AT THE ANNUAL MEETING. BOARD MEMBERS WILL BE REQUIRED TO COMPLETE A STATEMENT WHICH WILL BE MAINTAINED IN INDIVIDUAL MEMBERS' FILES. FORM 990, PART VI, SECTION B, LINE 15A: THE COMPENSATION OF THE PRESIDENT WAS BASED ON RECOMMENDATIONS FROM AN EXECUTIVE SEARCH FIRM. THE EMPLOYMENT CONTRACT WAS REVIEWED AND APPROVED BY THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP OFFICERS OF THE COLLEGE IS SET AT THE DISCRETION OF THE PRESIDENT. THIS DISCRETION IS BASED ON 1) PREVIOUS SALARY HISTORY, 2)MARKET COMPARABLE COMPENSATION DATA, AND 3) SALARY SURVEY DATA FOR COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UNDER THE ADMINISTRATION TAB ON THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. TO OBTAIN A COPY, CONTACT THE BUSINESS OFFICE AND SUBMIT A REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS PROVIDES OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED IN THE CURRENT TAX YEAR