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BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY (EIN 04-2103576)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-12
IRS object ID
202341329349305009
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-12T11:57:30-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WITHUMSMITHBROWNPCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14600 EAST-WEST HWY 900AddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP208143423ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042103576EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BENJAMIN FRANKLIN CUMMINGS INSTITUTE OFBusinessNameLine1Txt
Business Name Line2TECHNOLOGYBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% KEVIN HEPNER CFOInCareOfNm
Business Name ControlBENJBusinessNameControlTxt
Phone6174234630PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line141 BERKELEY STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEVIN L HEPNERPersonNm
Person TitleCFOPersonTitleTxt
Phone6174234630PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKEVIN LPersonFirstNm
Person LastHEPNERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD L RUVELSONPreparerPersonNm
PTINP00234075PTIN
Phone3012726000PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd
Principal OfficerDR AISHA FRANCISPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line141 BERKELEY STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,845,617GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FRANKLINCUMMINGS.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1913FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionBENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S mission is to deliver transformative technical and trade education that leads to economic advancement.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee155TotalEmployeeCnt
Total Volunteers21TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,902,084PYContributionsGrantsAmt
CY Contributions Grants$6,669,579CYContributionsGrantsAmt
PY Program Service Revenue$9,142,041PYProgramServiceRevenueAmt
CY Program Service Revenue$10,026,655CYProgramServiceRevenueAmt
PY Investment Income-$6,883PYInvestmentIncomeAmt
CY Investment Income$3,387CYInvestmentIncomeAmt
PY Other Revenue$40,488PYOtherRevenueAmt
CY Other Revenue$145,753CYOtherRevenueAmt
PY Total Revenue$17,077,730PYTotalRevenueAmt
CY Total Revenue$16,845,374CYTotalRevenueAmt
PY Grants And Similar Paid$3,139,663PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,897,344CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,673,033PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,645,802CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$604,912CYTotalFundraisingExpenseAmt
PY Other Expenses$5,932,250PYOtherExpensesAmt
CY Other Expenses$6,276,116CYOtherExpensesAmt
PY Total Expenses$16,744,946PYTotalExpensesAmt
CY Total Expenses$16,819,262CYTotalExpensesAmt
PY Revenues Less Expenses$332,784PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$26,112CYRevenuesLessExpensesAmt
Total Assets BOY$15,070,208TotalAssetsBOYAmt
Total Assets EOY$17,195,877TotalAssetsEOYAmt
Total Liabilities BOY$8,774,589TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,874,146TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,295,619NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,321,731NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionBenjamin Franklin Cummings Institute of Technology's mission is to deliver transformative technical and trade education that leads to economic advancement.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$12,654,838ExpenseAmt
Grant$2,897,344GrantAmt
Revenue$10,026,655RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$12,654,838TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document70IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee155EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKEVIN HEPNER CFOPersonNm
Phone6174234630PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line141 BERKELEY STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Dr Aisha Francis
President & CEO35.00.0Yes (X)Yes (X)$206,476$0$28,644
Tracey Arvin
Professor & Chair Electrical40.00.0$156,123$0$8,741Yes (X)
Marvin Loiseau
Dean of Academics & Chief Acad35.00.0$136,548$0$13,376Yes (X)
Thomas DeCosta
Assistant Professor Electrical40.00.0$126,247$0$14,844Yes (X)
Kristen Hurley
Chief Strategy Officer35.00.0$124,545$0$13,272Yes (X)
ALAN BLAIR
CONTROLLER35.00.0$107,792$0$11,500Yes (X)
KEVIN L HEPNER
CHIEF FINANCIAL OFFICER35.00.0Yes (X)$86,159$0$3,753
Turahn Dorsey
Chair Board of Trustees5.00.0Yes (X)Yes (X)$0$0$0
Rahkeem Morris
Vice Chair5.00.0Yes (X)Yes (X)$0$0$0
Marisa Meldonia
Vice Chair5.00.0Yes (X)Yes (X)$0$0$0
Claire Wadlington
Treasurer5.00.0Yes (X)Yes (X)$0$0$0
Maureen Pompeo
Clerk5.00.0Yes (X)Yes (X)$0$0$0
Trinh Nguyen -Rep Michele Wu
DIRECTOR5.00.0Yes (X)$0$0$0
David Fischer
DIRECTOR2.00.0Yes (X)$0$0$0
Andrew Tarsy
DIRECTOR2.00.0Yes (X)$0$0$0
Rahul Yarala
Director2.00.0Yes (X)$0$0$0
Roger Berman
Director2.00.0Yes (X)$0$0$0
Anna Yu
DIRECTOR2.00.0Yes (X)$0$0$0
Chenita Daughtry
DIRECTOR2.00.0Yes (X)$0$0$0
Mary Churchill
DIRECTOR2.00.0Yes (X)$0$0$0
Paul Macrina
DIRECTOR2.00.0Yes (X)$0$0$0
Stetson Marshall
DIRECTOR2.00.0Yes (X)$0$0$0
Adam Pase
DIRECTOR2.00.0Yes (X)$0$0$0
Ekumene Lysonge
DIRECTOR2.00.0Yes (X)$0$0$0
Rachel Kaprielian
DIRECTOR2.00.0Yes (X)$0$0$0
Caroline Fay
DIRECTOR2.00.0Yes (X)$0$0$0
Rodger Brown
DIRECTOR2.00.0Yes (X)$0$0$0
Fernando Rodriguez-Villa
DIRECTOR2.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$943,890TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$94,130TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Leggat McCall Properties LLC
10 Post Office SquareBOSTONMA02109Consulting$1,524,581
Insource Services Inc
PO Box 427NEWTONMA02464IT Services$455,673
Overdrive Marketing Communications
38 Everett Street Suite 201ALLSTONMA02134Advertising$350,890
The Vieras LLC
17 Ferry StreetLAWRENCEMA01841HR and AP Support$204,011
NEOSCOPE
1 Cate Street Unit 4BPORTSMOUTHNH03801IT Services$157,667
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Government Grants$1,135,799GovernmentGrantsAmt
All Other Contributions$5,533,780AllOtherContributionsAmt
Noncash Contributions$199,379NoncashContributionsAmt
Total Contributions$6,669,579TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611710$8,216,998$8,216,998
AUXILIARY INCOME611710$1,376,036$1,376,036
STUDENT PROVISIONS611710$433,621$433,621
FieldValueIRS element (for citing)
Total Program Service Revenue$10,026,655TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,630TotalRevenueColumnAmt
Exclusion$3,630ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$145,753RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$145,753RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$145,753TotalRevenueColumnAmt
Exclusion$145,753ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$243SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$243SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$243TotalRevenueColumnAmt
Exclusion-$243ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,845,374TotalRevenueColumnAmt
Related Or Exempt Func Income$10,026,655RelatedOrExemptFuncIncomeAmt
Exclusion$149,140ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,897,344TotalAmt
Program Services$2,897,344ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$481,512TotalAmt
Program Services$383,327ProgramServicesAmt
Management And General$74,189ManagementAndGeneralAmt
Fundraising$23,996FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,746,264TotalAmt
Program Services$4,630,809ProgramServicesAmt
Management And General$816,088ManagementAndGeneralAmt
Fundraising$299,367FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$172,882TotalAmt
Program Services$90,161ProgramServicesAmt
Management And General$77,449ManagementAndGeneralAmt
Fundraising$5,272FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$798,893TotalAmt
Program Services$436,746ProgramServicesAmt
Management And General$339,069ManagementAndGeneralAmt
Fundraising$23,078FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$446,251TotalAmt
Program Services$366,123ProgramServicesAmt
Management And General$57,513ManagementAndGeneralAmt
Fundraising$22,615FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,293,952TotalAmt
Program Services$952,797ProgramServicesAmt
Management And General$336,029ManagementAndGeneralAmt
Fundraising$5,126FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$30,445TotalAmt
Management And General$30,445ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$80,949TotalAmt
Management And General$80,949ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$63,412TotalAmt
Program Services$63,412ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,114,168TotalAmt
Program Services$743,447ProgramServicesAmt
Management And General$233,986ManagementAndGeneralAmt
Fundraising$136,735FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$529,803TotalAmt
Program Services$528,953ProgramServicesAmt
Management And General$850ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$447,540TotalAmt
Program Services$123,292ProgramServicesAmt
Management And General$303,281ManagementAndGeneralAmt
Fundraising$20,967FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$347,378TotalAmt
Program Services$331,615ProgramServicesAmt
Management And General$6,334ManagementAndGeneralAmt
Fundraising$9,429FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$308,948TotalAmt
Program Services$36,630ProgramServicesAmt
Management And General$272,318ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,020TotalAmt
Program Services$5,075ProgramServicesAmt
Management And General$7,919ManagementAndGeneralAmt
Fundraising$26FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$29,744TotalAmt
Program Services$7,632ProgramServicesAmt
Management And General$20,682ManagementAndGeneralAmt
Fundraising$1,430FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$313,198TotalAmt
Management And General$313,198ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$85,807TotalAmt
Management And General$85,807ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT SERVICES$236,388$234,989$970$429
STUDENT PROVISIONS$490,990$490,990
EQUIPMENT RENTAL AND MAINTENAN$428,653$304,024$124,469$160
SECURITY AND EMERGENCY$207,529$1,900$205,629

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$254,192TotalAmt
Program Services$25,572ProgramServicesAmt
Management And General$172,338ManagementAndGeneralAmt
Fundraising$56,282FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$16,819,262TotalAmt
Program Services$12,654,838ProgramServicesAmt
Management And General$3,559,512ManagementAndGeneralAmt
Fundraising$604,912FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,693,554BOYAmt
EOY$726,911EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,308,939BOYAmt
EOY$1,512,227EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$801,446BOYAmt
EOY$1,091,126EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

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

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$132,646EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$19,206,186LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,443,229LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$10,806,346BOYAmt
EOY$12,762,957EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$439,923BOYAmt
EOY$950,010EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$20,000BOYAmt
EOY$20,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,070,208BOYAmt
EOY$17,195,877EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,085,820BOYAmt
EOY$1,525,575EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$869,178BOYAmt
EOY$1,246,435EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$6,819,591BOYAmt
EOY$8,102,136EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

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

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,774,589BOYAmt
EOY$10,874,146EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,099,037BOYAmt
EOY$926,489EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,196,582BOYAmt
EOY$5,395,242EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,295,619BOYAmt
EOY$6,321,731EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,070,208BOYAmt
EOY$17,195,877EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$26,112ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,087,288CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,659,327CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,912,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,902,084CurrentTaxYearMinus1YearAmt
Current Tax Year$6,669,579CurrentTaxYearAmt
Total$25,231,101TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,087,288CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,659,327CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,912,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,902,084CurrentTaxYearMinus1YearAmt
Current Tax Year$6,669,579CurrentTaxYearAmt
Total$25,231,101TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,972,853SubstantialContributorsTotAmt
Public Support Total170$23,258,248PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$415,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$341,277CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$177,160CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$43,320CurrentTaxYearMinus1YearAmt
Current Tax Year$149,383CurrentTaxYearAmt
Total$1,126,273TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$26,357,374TotalSupportAmt
Gross Receipts Rltd Activities$50,615,033GrossReceiptsRltdActivitiesAmt
Public Support CY1700.88242PublicSupportCY170Pct
Public Support PY1700.84040PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE A, PART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE BASIS OF BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANZIATION HAS CHECKED BOX 2 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$63,412DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$63,412TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,539,923BeginningYearBalanceAmt
Contributions$206,509ContributionsAmt
Investment Earnings Or Losses-$5,972InvestmentEarningsOrLossesAmt
End Year Balance$3,740,460EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,374,503BeginningYearBalanceAmt
Contributions$157,153ContributionsAmt
Investment Earnings Or Losses$8,267InvestmentEarningsOrLossesAmt
End Year Balance$3,539,923EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,231,328BeginningYearBalanceAmt
Contributions$152,550ContributionsAmt
Investment Earnings Or Losses-$9,375InvestmentEarningsOrLossesAmt
End Year Balance$3,374,503EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,843,178BeginningYearBalanceAmt
Contributions$96,779ContributionsAmt
Investment Earnings Or Losses$41,371InvestmentEarningsOrLossesAmt
Grants Or Scholarships$750,000GrantsOrScholarshipsAmt
End Year Balance$3,231,328EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,508,717BeginningYearBalanceAmt
Investment Earnings Or Losses$334,461InvestmentEarningsOrLossesAmt
End Year Balance$3,843,178EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.12590BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.87410PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$726,832OtherCostOrOtherBasisAmt
Book Value$726,832BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,181,180OtherCostOrOtherBasisAmt
Depreciation$2,517,020DepreciationAmt
Book Value$664,160BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$0OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,269,990OtherCostOrOtherBasisAmt
Depreciation$3,428,431DepreciationAmt
Book Value$812,039BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,028,184OtherCostOrOtherBasisAmt
Depreciation$497,778DepreciationAmt
Book Value$10,559,926BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$12,762,957TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt
Total Liability$0TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$15,101,235TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$15,101,235RevenueSubtotalAmt
Other Revenues Not Included$1,744,139OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,744,139RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,845,374TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$15,075,123TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$15,075,123ExpensesSubtotalAmt
Other Expenses Not Included$1,744,139OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,744,139ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$16,819,262TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:BFCIT accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. BFCIT has identified its tax status as a tax exempt entity and its determinations of which income items are related or unrelated as its only significant tax positions; however, BFCIT has determined that such tax positions do not result in an uncertainty requiring recognition. BFCIT is not currently under examination by any taxing jurisdictions. BFCIT's Federal and state tax returns are generally open for examination for three years following the date filed.
PART XI, LINE 4B - OTHER ADJUSTMENTS:UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT 1,744,139
PART XII, LINE 4B - OTHER ADJUSTMENTS:UNIVERSITY FUNDED FINANCIAL AID - TUITION DISCOUNT 1,744,139

Schedule E IRS990ScheduleE

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Line - 3 ExplanationTHE INFORMATION IS MAINTAINED ON THE COLLEGE'S WEBSITE, IN THE CATALOG, AND IN THE STUDENT HANDBOOK.
LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:THE INSTITUTE RECEIVES FEDERAL GOVERNMENT FUNDS (TITLE IV) TO BE USED IN THE STUDENT FINANCIAL AID PROGRAM. THE FUNDS RECEIVED INCLUDE PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY AND PARTICIPATION IN THE FEDERAL DIRECT LOAN PROGRAMS (SUBSIDIZED STAFFORD, UNSUBSIDIZED STAFFORD, PARENT PLUS LOANS). ALL GRANTS ARE REVIEWED, EVALUATED AND REPORTED (A-133) BY THE INSTITUTE'S INDEPENDENT AUDITOR, WITHUMSMITH+BROWN, PC

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtNon Cash AssistanceNonCashAssistanceDescCash GrantCashGrantAmt
SCHOLARSHIPS FOR STUDENTS589$1,744,139REDUCTION OF STUDENT
Pass Through of HEERF Funds to Students545$1,153,205

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE INSTITUTE MAINTAINS DETAILED RECORDS IN THE STUDENT INFORMATION SYSTEM DATABASE OF ALL SCHOLARSHIPS AWARDED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Dr Aisha Francis
President & CEO$206,476$0$0$0$0$0$11,667$0$16,977$0$235,120$0$0$0
Tracey Arvin
Professor & Chair Electrical$156,123$0$0$0$0$0$4,805$0$3,936$0$164,864$0$0$0

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution844ContributionCnt
Noncash Contributions Rpt F990$67,841NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Equipment1$126,796FMV
Yes (X)Toiletries for Students3$2,528FMV
Yes (X)Prescription lenses1$614FMV
Yes (X)Furniture1$1,600FMV
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE AMOUNT REPORTED ON SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4A - DESCRIPTION OF PROGRAM SERVICE ACTIVITIES:Benjamin Franklin Cummings Institute of Technology is a private nonprofit technical college founded in 1908 with a mission to deliver transformative technical and trade education that leads to economic advancement. Our special focus is to educate students in growing career fields and meet the workforce needs of high-demand industries. Along with a solid technical foundation and hands-on experience, our approach to education emphasizes team-building, problem-solving, and communication skills required to succeed in today's workforce. 76% of our students are students of color and 47% are first generation college students. During Fiscal 2022 the college served 874 students, 61% in traditional programs and 39% in strategic partnerships and continuing education programs. During the year, the College completed its comprehensive NECHE evaluation visit and in March received a continued 10-year accreditation with its next visit scheduled for 2031. The job placement rate climbed to 84% with the alumni median salary 1 year after graduation of $52,000. Degree program median annual salaries increased by $7,426 from the previous year, raising to $59,530. Professor Blair Wong, Director of Opticianry at the college was inducted into the Opticians Association of America Opticians Hall of Fame in June 2022.
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:BFCIT IS AN AFFORDABLE, URBAN COLLEGE SERVING THE BOSTON REGION AND COMMITTED TO STUDENT SUCCESS AND CAREER READINESS IN TECHNOLOGY FIELDS. THROUGH PERSONALIZED SUPPORT, HANDS-ON LEARNING, AND INDUSTRY-INFORMED CURRICULA, BFCIT PREPARES GRADUATES FOR WORK, LIFE-LONG LEARNING, AND CITIZENSHIP.
FORM 990, PART VI, SECTION B, LINE 11B:THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12C:TRUSTEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE ANNUALLY AND REPORT CONFLICTS IMMEDIATELY SHOULD THEY DEVELOP DURING THE YEAR. CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE CHAIR OF THE GOVERNANCE COMMITTEE, AS AUTHROIZED BY THE BOARD OF TRUSTEES IS RESPONSIBLE FOR RESOLUTION, AND THE INDIVIDUAL WITH A CONFLICT IS RECUSED FROM PARTICIPATING IN THE DISCUSSION AND RESOLUTION OF THE CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15:THE PRESIDENT'S COMPENSATION IS SUBJECT TO ANNUAL REVIEW BY A PRESIDENTIAL REVIEW SUBCOMMITTEE, AS AUTHORIZED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUBCOMMITTEE MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, WHO REVIEWS COMPARABLE SALARY INFORMATION PRIOR TO MAKING A RECOMMENDATION FOR APPROVAL TO THE COMPLETE BOARD OF TRUSTEES. THE REVIEW IS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES. THE CFO'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, INCLUDING REVIEW AND APPROVAL BY INDEPENDENT PERSONS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
FORM 990, PART VI, SECTION C, LINE 19:THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FRANKLIN FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line141 BERKELEY STREETAddressLine1Txt
CityBOSTOnCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd
FieldValueIRS element (for citing)
EIN222995201EIN
Primary ActivitiesSupport BFCITPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12A, IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BFCITBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd