BENTLEY UNIVERSITY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BENTLEY UNIVERSITY (EIN 04-1081650)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-14
- IRS object ID
- 202531349349302673
- Schema version
- 2023v6.0
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-14T08:25:52-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 SOUTH STREET TWO FINANCIAL | AddressLine1Txt |
| Address Line2 | CENTER | AddressLine2Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041081650 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTLEY UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BENT | BusinessNameControlTxt |
| Phone | 7818912000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1Txt |
| City | WALTHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024524705 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAUREEN FORRESTER | PersonNm |
| Person Title | VP, CFO/TREASURER | PersonTitleTxt |
| Phone | 7818912000 | PhoneNum |
| Signature | 2025-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIMBERLY MAC NAMEE | PreparerPersonNm |
| PTIN | P02479140 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2025-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | E LABRENT CHRITE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1Txt |
| City | WALTHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024524705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $519,100,450 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BENTLEY.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1917 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 2785 | TotalEmployeeCnt |
| Total Volunteers | 250 | TotalVolunteersCnt |
| Total Gross UBI | $885,923 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $94,697 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $10,288,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,467,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $327,178,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $350,900,112 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,232,056 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,358,015 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,040,175 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $347,738,231 | PYTotalRevenueAmt |
| CY Total Revenue | $384,725,127 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $105,894,107 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $118,120,472 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $139,493,670 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $154,154,680 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $174,370 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $134,638 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,898,858 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $88,109,389 | PYOtherExpensesAmt |
| CY Other Expenses | $92,897,162 | CYOtherExpensesAmt |
| PY Total Expenses | $333,671,536 | PYTotalExpensesAmt |
| CY Total Expenses | $365,306,952 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,066,695 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $19,418,175 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $753,030,083 | TotalAssetsBOYAmt |
| Total Assets EOY | $797,040,848 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $203,271,083 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $197,864,848 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $549,759,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $599,176,000 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $316,531,279 | ExpenseAmt |
| Grant | $118,120,472 | GrantAmt |
| Revenue | $350,900,112 | RevenueAmt |
| Desc | TUITION, FEES, AND AUXILIARYBENTLEY HAS BEEN EDUCATING BUSINESS-MINDED STUDENTS SINCE HARRY C. BENTLEY FIRST CONVENED 30 ACCOUNTING STUDENTS ON HUNTINGTON AVENUE IN BOSTON IN 1917. WE HAVE CONTINUOUSLY ADAPTED TO BECOME ONE OF THE TOP BUSINESS UNIVERSITIES IN THE U.S., COMBINING BUSINESS WITH ARTS AND SCIENCE TO PREPARE FUTURE BUSINESS LEADERS WHO WILL DELIVER VALUE IN THE MARKETPLACE AND LASTING POSITIVE EFFECTS FOR SOCIETY. BENTLEY IS HOME TO EIGHT ACADEMIC CENTERS THAT ADDRESS CRITICALLY IMPORTANT ISSUES, INCLUDING WOMEN AND BUSINESS, BUSINESS ETHICS, ANALYTICS AND DATA SCIENCE, HEALTH AND BUSINESS AND MORE. SEE SCHEDULE O FOR CONTINUATION. | Desc |
| Total Program Service Expenses | $316,531,279 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6263 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2785 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DONNA LANE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7818912652 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1Txt |
| City | WALTHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024524705 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| E LABRENT CHRITE | |||||||||
| PRESIDENT/TRUSTEE | 50.00 | 0.00 | Yes (X) | Yes (X) | $875,013 | $0 | $195,082 | ||
| J PAUL CONDRIN III | |||||||||
| CHAIR | 8.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID L GIUNTA | |||||||||
| VICE CHAIR | 8.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROBERT E ALAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS P ALBER | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAULINE CALLENDER HAN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN L DELVECCHIO | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VANEESHA DUTRA | |||||||||
| TRUSTEE (AS OF 9/23) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOYCE J ELAM | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL FARLEY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MELANIE FOLEY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVEN C MILLNER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LEBONE C MOSES | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN G O'CONNELL | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MELANIE OTERO | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BILL PAPPAS | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| GORDON E PULSIFER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEBORA L SPAR | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NICKOLAS STAVROPOULOS | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TIFFANY R WARREN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN T ZINO | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL TESLUK | |||||||||
| PROVOST & VP, ACADEMIC AFFAIRS | 50.00 | 0.00 | Yes (X) | $464,016 | $0 | $55,513 | |||
| MAUREEN FORRESTER | |||||||||
| VP, CFO/TREASURER | 50.00 | 0.00 | Yes (X) | $436,392 | $0 | $55,511 | |||
| CHRIS GRUGAN | |||||||||
| VP, UNIVERSITY ADVANCEMENT | 50.00 | 0.00 | Yes (X) | $407,342 | $0 | $33,146 | |||
| CAROLINA FIGUEROA | |||||||||
| VP, ENROLLMENT MANAGEMENT | 50.00 | 0.00 | Yes (X) | $373,890 | $0 | $56,478 | |||
| J ANDREW SHEPARDSON | |||||||||
| VP, STUDENT AFFAIRS & DEAN | 50.00 | 0.00 | Yes (X) | $329,940 | $0 | $54,990 | |||
| SEAN FERGUSON | |||||||||
| VP, STRATEGY & INNOVATION | 50.00 | 0.00 | Yes (X) | $306,816 | $0 | $52,386 | |||
| ELIZABETH HESS | |||||||||
| VP AND CIO | 50.00 | 0.00 | Yes (X) | $315,686 | $0 | $30,543 | |||
| GEORGE CANGIANO | |||||||||
| VP, HUMAN RESOURCES | 50.00 | 0.00 | Yes (X) | $277,880 | $0 | $50,297 | |||
| CHRISTOPHER J JOYCE | |||||||||
| VP, MARKETING & COMM | 50.00 | 0.00 | Yes (X) | $278,709 | $0 | $45,694 | |||
| KATHERINE PENN | |||||||||
| VP, DIV/INCLUSION | 50.00 | 0.00 | Yes (X) | $230,132 | $0 | $22,601 | |||
| GUILHERME COSTA | |||||||||
| VP/GEN COUNSEL & SECRETARY | 50.00 | 0.00 | Yes (X) | $211,081 | $0 | $29,235 | |||
| JUDITH MALONE | |||||||||
| FMR VP/GEN COUNSEL & SECRETARY(7/23) | 50.00 | 0.00 | Yes (X) | $182,135 | $0 | $30,155 | |||
| KARTIK RAMAN | |||||||||
| ASSOCIATE PROVOST | 50.00 | 0.00 | $386,652 | $0 | $55,471 | Yes (X) | |||
| RANI HOITASH | |||||||||
| PROFESSOR | 50.00 | 0.00 | $378,887 | $0 | $55,482 | Yes (X) | |||
| SANJAY PUTREVU | |||||||||
| DEAN OF BUSINESS | 50.00 | 0.00 | $373,946 | $0 | $56,023 | Yes (X) | |||
| MARTIN CONYON | |||||||||
| PROFESSOR | 50.00 | 0.00 | $360,349 | $0 | $54,358 | Yes (X) | |||
| MICHAEL PAGE | |||||||||
| PROFESSOR | 50.00 | 0.00 | $366,795 | $0 | $40,581 | Yes (X) | |||
| DONNA MARIA BLANCERO | |||||||||
| PROFESSOR, FORMER PROVOST | 50.00 | 0.00 | $338,607 | $0 | $54,356 | Yes (X) | |||
| NANCY ANTUNES | |||||||||
| FORMER INTERIM CFO | 50.00 | 0.00 | $166,208 | $0 | $25,269 | Yes (X) | |||
| RICK OCHES | |||||||||
| DEAN OF ARTS & SCI; FMR PROVOST | 50.00 | 0.00 | $288,928 | $0 | $36,094 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,349,404 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,089,265 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 392 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 860 WINTER STREET | WALTHAM | MA | 02451 | FOOD SERVICE | $14,305,797 |
| C & W FACILITY SERVICES INC | |||||
| 117 KENDRICK STREET SUITE 250 | NEEDHAM | MA | 02494 | CUSTODIAL SERVICES | $2,242,855 |
| TITAN ROOFING INC | |||||
| 200 TAPLEY STREET | SPRINGFIELD | MA | 01104 | CONSTRUCTION | $1,080,900 |
| CULLEN MECHANICAL INC | |||||
| 46 WINTER STREET | MALDEN | MA | 02148 | CONSTRUCTION | $894,335 |
| WALKER DEVELOPMENT & CONSTRUCTION MGMT | |||||
| 337 TURNPIKE RD STE 201 | SOUTHBOROUGH | MA | 01772 | CONSTRUCTION | $885,609 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 57 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,019,000 | GovernmentGrantsAmt |
| All Other Contributions | $10,448,000 | AllOtherContributionsAmt |
| Noncash Contributions | $672,267 | NoncashContributionsAmt |
| Total Contributions | $14,467,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| TUITION, FEES, AND AUX | 900099 | $350,017,000 | $348,313,399 | $781,823 | $921,778 |
| AUXILIARY SALES AND SE | 900099 | $383,051 | $383,051 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $500,061 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $500,061 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $350,900,112 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,951,338 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $5,077 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,946,261 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $144,782,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $134,375,323 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,406,677 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,406,677 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $99,023 | UnrelatedBusinessRevenueAmt |
| Exclusion | $10,307,654 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $384,725,127 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $349,196,511 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $885,923 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,175,693 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $213,686 | TotalAmt |
| Program Services | $213,686 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,788,912 | TotalAmt |
| Program Services | $103,788,912 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,117,874 | TotalAmt |
| Program Services | $14,117,874 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,689,030 | TotalAmt |
| Program Services | $329,940 | ProgramServicesAmt |
| Management And General | $4,114,685 | ManagementAndGeneralAmt |
| Fundraising | $244,405 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $793,743 | TotalAmt |
| Management And General | $793,743 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,951,203 | TotalAmt |
| Program Services | $96,457,053 | ProgramServicesAmt |
| Management And General | $16,137,797 | ManagementAndGeneralAmt |
| Fundraising | $3,356,353 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,840,956 | TotalAmt |
| Program Services | $7,046,541 | ProgramServicesAmt |
| Management And General | $1,494,500 | ManagementAndGeneralAmt |
| Fundraising | $299,915 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,961,885 | TotalAmt |
| Program Services | $12,722,163 | ProgramServicesAmt |
| Management And General | $2,698,242 | ManagementAndGeneralAmt |
| Fundraising | $541,480 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,917,863 | TotalAmt |
| Program Services | $6,310,805 | ProgramServicesAmt |
| Management And General | $1,338,458 | ManagementAndGeneralAmt |
| Fundraising | $268,600 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,992,791 | TotalAmt |
| Program Services | $1,101,482 | ProgramServicesAmt |
| Management And General | $891,309 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,555 | TotalAmt |
| Management And General | $246,555 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,600 | TotalAmt |
| Management And General | $481,600 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,924 | TotalAmt |
| Management And General | $20,924 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,638 | TotalAmt |
| Fundraising | $134,638 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,370,952 | TotalAmt |
| Management And General | $3,370,952 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,063,182 | TotalAmt |
| Program Services | $13,546,052 | ProgramServicesAmt |
| Management And General | $517,130 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,927,136 | TotalAmt |
| Program Services | $3,878,358 | ProgramServicesAmt |
| Management And General | $31,045 | ManagementAndGeneralAmt |
| Fundraising | $17,733 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,343,397 | TotalAmt |
| Program Services | $6,002,010 | ProgramServicesAmt |
| Management And General | $1,235,869 | ManagementAndGeneralAmt |
| Fundraising | $105,518 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,071,841 | TotalAmt |
| Program Services | $4,235,145 | ProgramServicesAmt |
| Management And General | $1,702,072 | ManagementAndGeneralAmt |
| Fundraising | $134,624 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,534,978 | TotalAmt |
| Program Services | $5,399,102 | ProgramServicesAmt |
| Management And General | $1,135,876 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,356,877 | TotalAmt |
| Program Services | $3,647,557 | ProgramServicesAmt |
| Management And General | $420,900 | ManagementAndGeneralAmt |
| Fundraising | $288,420 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,555,398 | TotalAmt |
| Program Services | $2,218,283 | ProgramServicesAmt |
| Management And General | $1,135,206 | ManagementAndGeneralAmt |
| Fundraising | $201,909 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,721,887 | TotalAmt |
| Program Services | $3,505,936 | ProgramServicesAmt |
| Management And General | $215,951 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,344,885 | TotalAmt |
| Program Services | $17,280,481 | ProgramServicesAmt |
| Management And General | $1,064,404 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $902,660 | TotalAmt |
| Program Services | $69,150 | ProgramServicesAmt |
| Management And General | $833,510 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PURCHASED SERVICES | $12,069,272 | $9,414,168 | $2,397,809 | $257,295 |
| STUDY ABROAD | $3,158,591 | $3,158,591 | ||
| LEASING | $1,435,626 | $1,263,476 | $161,816 | $10,334 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,298,610 | TotalAmt |
| Program Services | $824,514 | ProgramServicesAmt |
| Management And General | $436,462 | ManagementAndGeneralAmt |
| Fundraising | $37,634 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,306,952 | TotalAmt |
| Program Services | $316,531,279 | ProgramServicesAmt |
| Management And General | $42,876,815 | ManagementAndGeneralAmt |
| Fundraising | $5,898,858 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,356,461 | BOYAmt |
| EOY | $119,229,108 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,449,044 | BOYAmt |
| EOY | $3,324,608 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,037,835 | BOYAmt |
| EOY | $3,230,753 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,796,014 | BOYAmt |
| EOY | $2,717,640 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $611,427,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $317,020,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $293,274,000 | BOYAmt |
| EOY | $294,407,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,889,729 | BOYAmt |
| EOY | $214,927,739 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,227,000 | BOYAmt |
| EOY | $159,204,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $753,030,083 | BOYAmt |
| EOY | $797,040,848 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,665,393 | BOYAmt |
| EOY | $26,504,896 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,689,623 | BOYAmt |
| EOY | $8,695,343 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,784,186 | BOYAmt |
| EOY | $155,115,862 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,131,881 | BOYAmt |
| EOY | $7,548,747 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,271,083 | BOYAmt |
| EOY | $197,864,848 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399,815,000 | BOYAmt |
| EOY | $436,419,000 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,944,000 | BOYAmt |
| EOY | $162,757,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $549,759,000 | BOYAmt |
| EOY | $599,176,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $753,030,083 | BOYAmt |
| EOY | $797,040,848 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $19,418,175 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $30,051,825 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$53,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,904,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,599,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,190,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,288,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,467,000 | CurrentTaxYearAmt |
| Total | $72,448,000 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,904,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,599,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,190,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,288,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,467,000 | CurrentTaxYearAmt |
| Total | $72,448,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $546,485 | SubstantialContributorsTotAmt |
| Public Support Total170 | $71,901,515 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,663,036 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,269,481 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,224,378 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,087,363 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,946,261 | CurrentTaxYearAmt |
| Total | $23,190,519 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,273 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,775 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $93,144 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,349 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $94,697 | CurrentTaxYearAmt |
| Total | $250,238 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,976,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $703,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,517,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,040,175 | CurrentTaxYearMinus1YearAmt |
| Total | $5,236,175 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $101,124,932 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,558,092,805 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.71100 | PublicSupportCY170Pct |
| Public Support PY170 | 0.69040 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER SOURCES - 2019 AMOUNT: $ 1,976,000. 2020 AMOUNT: $ 703,000. 2021 AMOUNT: $ 1,517,000. 2022 AMOUNT: $ 1,040,175. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $20,924 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $20,924 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | BENTLEY UNIVERSITY PAYS MEMBERSHIP DUES TO VARIOUS EDUCATIONAL ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS, AND THEREFORE THE DUES CREATE INDIRECT LOBBYING EXPENSES FOR THE UNIVERSITY. THE PORTION OF MEMBERSHIP FEES ALLOCABLE TO LOBBYING ACTIVITIES WAS $20,924 FOR THE YEAR ENDED JUNE 30, 2024. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $221,605 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $333,900,000 | BeginningYearBalanceAmt |
| Contributions | $4,424,629 | ContributionsAmt |
| Investment Earnings Or Losses | $38,748,013 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,915,279 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,513,721 | OtherExpendituresAmt |
| End Year Balance | $362,643,642 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $333,061,704 | BeginningYearBalanceAmt |
| Contributions | $2,039,597 | ContributionsAmt |
| Investment Earnings Or Losses | $13,234,699 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,851,336 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,584,664 | OtherExpendituresAmt |
| End Year Balance | $333,900,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $359,232,653 | BeginningYearBalanceAmt |
| Contributions | $3,588,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$16,638,949 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,462,448 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,657,552 | OtherExpendituresAmt |
| End Year Balance | $333,061,704 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $263,227,202 | BeginningYearBalanceAmt |
| Contributions | $3,518,401 | ContributionsAmt |
| Investment Earnings Or Losses | $104,823,556 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,153,191 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,183,315 | OtherExpendituresAmt |
| End Year Balance | $359,232,653 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $276,502,744 | BeginningYearBalanceAmt |
| Contributions | $1,773,698 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,071,238 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,026,244 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,951,758 | OtherExpendituresAmt |
| End Year Balance | $263,227,202 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.58260 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.18348 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.23392 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,871,000 | OtherCostOrOtherBasisAmt |
| Book Value | $31,871,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $518,350,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $268,576,000 | DepreciationAmt |
| Book Value | $249,774,000 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,833,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,444,000 | DepreciationAmt |
| Book Value | $3,389,000 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,373,000 | OtherCostOrOtherBasisAmt |
| Book Value | $9,373,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $294,407,000 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUNDS | $57,904,000 | F |
| PRIVATE EQ/VENTURE CAP | $89,978,000 | F |
| COMMODITIES | $4,108,000 | F |
| LIFE INSURANCE | $7,214,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $159,204,000 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| POSTRETIREMENT BENEFIT | $6,262,090 |
| ANNUITY OBLIGATION | $1,286,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,548,747 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $411,353,000 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $30,051,825 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$53,000 | OtherRevenueAmt |
| Revenue Not Reported | $29,998,825 | RevenueNotReportedAmt |
| Revenue Subtotal | $381,354,175 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,370,952 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $3,370,952 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $384,725,127 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $361,936,000 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $361,936,000 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,370,952 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $3,370,952 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $365,306,952 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | COLLECTIONS OF ART: THE UNIVERSITY OWNS A MODERN COLLECTION OF ABOUT 35 PAINTINGS AND SCULPTURES THAT APPEAR IN PUBLIC COMMON AREAS THROUGHOUT THE CAMPUS, IN CONFERENCE ROOMS, AND IN THE PRESIDENT'S HOUSE. THE COLLECTION SEEKS TO ENRICH CAMPUS CULTURAL LIFE IN GENERAL, INCREASE THE EDUCATIONAL SCOPE AND OPPORTUNITY FOR APPRECIATION OF THE ARTS BY UNIVERSITY STUDENTS, AND CONTRIBUTE TO THE CULTURAL ENRICHMENT OF THE SURROUNDING COMMUNITY. |
| PART V, LINE 4: | ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIPS TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. IN ADDITION, QUASI ENDOWMENT REPRESENTS 58% OF ENDOWMENT. THIS AMOUNT IS INVESTED AND THE EARNINGS ARE USED TO SUPPORT UNIVERSITY OPERATIONS. |
| PART X, LINE 2: | FIN 48 (ASC 740) FOOTNOTE: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, AS AMENDED. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 OR 2023. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | OTHER NONOPERATING ACTIVITIES -53,000. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE PART II |
| LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY | NONDISCRIMINATORY POLICY: BENTLEY UNIVERSITY DOES NOT DISCRIMINATE IN ADMISSION OR ACCESS TO, OR TREATMENT OR EMPLOYMENT IN ANY OF ITS EDUCATIONAL PROGRAMS OR ACTIVITIES, INCLUDING SCHOLARSHIPS, LOANS, AND ATHLETICS, ON THE BASIS OF RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY AND/OR EXPRESSION, MARITAL STATUS, AGE, NATIONAL ORIGIN, CITIZENSHIP STATUS, DISABILITY, GENETIC INFORMATION, MILITARY OR VETERAN STATUS. BENTLEY UNIVERSITY MAINTAINS AND SUPPORTS AFFIRMATIVE ACTION PLANS FOR ITS WORKPLACE IN COMPLIANCE WITH FEDERAL LAW. EQUAL OPPORTUNITY EXTENDS TO ALL ASPECTS OF THE EMPLOYMENT RELATIONSHIP, INCLUDING HIRING, PROMOTIONS, TRAINING, WORKING CONDITIONS, COMPENSATION, AND BENEFITS. BENTLEY UNIVERSITY'S POLICIES AND PRACTICES REFLECT THE UNIVERSITY'S COMMITMENT TO NONDISCRIMINATION IN ALL AREAS OF EMPLOYMENT. THE UNIVERSITY COMPLIES WITH TITLE VI OF THE CIVIL RIGHTS ACT, TITLE IX OF THE EDUCATION AMENDMENTS ACT, SECTION 504 OF THE REHABILITATION ACT AND REVENUE PROCEDURE 75-50 PROHIBITING SUCH DISCRIMINATION. ANYONE BELIEVING THAT HE OR SHE HAS EXPERIENCED ADVERSE TREATMENT MAY REGISTER A COMPLAINT WITH THE OFFICE OF EQUAL OPPORTUNITY & INSTITUTIONAL EQUITY. THE UNIVERSITY PUBLISHES ITS NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK. |
| SCHEDULE E, LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID | FINANCIAL AID AND GOVERNMENTAL ASSISTANCE: THE UNIVERSITY PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, DIRECT LENDING, AND PELL GRANTS. THE UNIVERSITY PROVIDES FINANCIAL AID FUNDS TO THE STUDENTS BASED ON GENERALLY ACCEPTED UNIFORM NON-DISCRIMINATORY METHODOLOGY. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $273,597 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $2,611,763 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $10,521 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $165,489 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD | $97,220 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $1,367,970 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $3,018,245 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $3,510,373 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $644,512 |
| NORTH AMERICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $1,406,997 |
| RUSSIA AND THE NEWLY INDEPENDENT STATES | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $900,542 |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $1,607,922 |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $1,202,857 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP ASSISTANCE | $458,456 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $134,505,665 | |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | INVESTMENTS | $3,914,938 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $11,055,178 | SubtotalSpentAmt |
| Continuation Spent | $144,641,889 | ContinuationSpentAmt |
| Total Spent | $155,697,067 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| SCHOLARSHIP ASSISTANCE | CENTRAL AMERICA AND THE CARIBBEAN | 55 | $1,367,970 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | EAST ASIA AND THE PACIFIC | 166 | $3,018,245 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | EUROPE (INCLUDING ICELAND & GREENLAND) | 141 | $3,510,373 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | MIDDLE EAST AND NORTH AFRICA | 38 | $644,512 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | NORTH AMERICA | 32 | $1,406,997 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | RUSSIA AND NEIGHBORING STATES | 38 | $900,542 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | SOUTH AMERICA | 85 | $1,607,922 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | SOUTH ASIA | 99 | $1,202,857 | ACCT CREDIT |
| SCHOLARSHIP ASSISTANCE | SUB-SAHARAN AFRICA | 23 | $458,456 | ACCT CREDIT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. MANY SCHOLARSHIPS ARE BASED ON CRITERIA SUCH AS ACADEMIC STRENGTH, ATHLETIC ABILITY, AND LEADERSHIP OR COMMUNITY SERVICE. NON-NEED-BASED SCHOLARSHIP FUNDING IS AWARDED THROUGH THE ADMISSIONS PROCESS AND USUALLY HAS A GRADE POINT AVERAGE (GPA) OR OTHER REQUIREMENT FOR RENEWAL IN SUBSEQUENT YEARS. TYPES OF MERIT SCHOLARSHIPS INCLUDE AWARDS RANGING FROM $10,000 TO $40,000 AND A LIMITED NUMBER OF FULL TUITION AWARDS. ALL SCHOLARSHIP AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT. PART I, LINE 3: BASIS OF ACCOUNTING THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EAB GLOBAL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11011 W BRD ST | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTS ON DIRECT MAIL PROGRAM | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $292,546 | GrossReceiptsAmt |
| Retained By Contractor | $134,638 | RetainedByContractorAmt |
| Net To Organization | $157,908 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $292,546 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $134,638 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $157,908 | TotalNetToOrganizationAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AZ | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | DE | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | ID | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | IN | LicensedStatesCd |
| Licensed States | IA | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MT | LicensedStatesCd |
| Licensed States | NE | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | SD | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | TX | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
| Licensed States | WY | LicensedStatesCd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2B, COLUMN (III) | FormAndLineReferenceDesc |
| Explanation | EAB GLOBAL SOLICITS DONATIONS ON BEHALF OF BENTLEY UNIVERSITY THROUGH DIRECT MAIL AND DIRECT EMAILING CAMPAIGNS. EAB DOES NOT HAVE CUSTODY OR CONTROL OVER ANY CONTRIBUTIONS RAISED ON BEHALF OF THE UNIVERSITY. PART I, LINE 2B, COLUMN (V) THE AMOUNT PAID TO EAB GLOBAL REFLECTS THE COST FOR PROFESSIONAL FUNDRAISING, PRODUCTION OF PRINTED MATERIALS, AS WELL AS THE COMPREHENSIVE CREATIVE DEVELOPMENT OF MULTI-CHANNEL COMMUNICATIONS FOR DIRECT SOLICITATION CAMPAIGN. PASSTHROUGH COSTS BILLED AS SEPARATE LINE ITEMS FOR MEDIA AND POSTAGE NOT INCLUDED ABOVE AMOUNTED TO $25,349. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| MA CONFERENCE FOR WOMEN | ||||||||
| PO BOX 55071 | BOSTON | MA | 02205 | 202699177 | 501(C)(3) | $25,000 | $0 | SPONSORSHIP |
| CARLETON COLLEGE | ||||||||
| ONE NORTH COLLEGE STREET | NORTHFIELD | MN | 55057 | 410694747 | 501(C)(3) | $68,344 | $0 | RESEARCH |
| OREGON STATE UNIVERSITY | ||||||||
| 4238 SW RESEARCH WAY | CORVALLIS | OR | 97333 | 936022772 | 501(C)(3) | $20,925 | $0 | RESEARCH |
| FLORIDA INTERNATIONAL UNIVERSITY | ||||||||
| 3000 NE 151ST AC1 | NORTH MIAMI | FL | 33181 | 650177616 | 501(C)(3) | $80,519 | $0 | RESEARCH |
| UNIVERSITY OF DELAWARE | ||||||||
| 210 S COLLEGE AVE | NEWARK | DE | 19716 | 516000297 | 501(C)(3) | $18,898 | $0 | RESEARCH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP ASSISTANCE | GrantTypeTxt |
| Recipient | 3766 | RecipientCnt |
| Cash Grant | $103,788,912 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING THE USE OF GRANT FUNDS IN THE U.S. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO THE MASSACHUSETTS CONFERENCE FOR WOMEN. THIS ENTITY PROVIDES OPPORTUNITIES FOR BUSINESS NETWORKING, PROFESSIONAL DEVELOPMENT,EDUCATION, AND PERSONAL GROWTH FOR WOMEN. THE UNIVERSITY OCCASIONALLY MAKES PAYMENTS TO INSTITIUTIONS AS SUBAWARDEES OF ITS RESEARCH GRANT PROGRAMS. WHEN APPROVING INVOICE PAYMENTS CHARGED TO RESEARCH GRANTS, THE VALIDITY OF THE EXPENSES ARE VERIFIED BY THE PRINCIPAL INVESTIGATOR, WHILE COMPLIANCE AND ALLOWABILITY OF CHARGES ARE MONITORED BY THE OFFICE OF SPONSORED PROGRAMS. PART III, LINE 1 THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. MANY SCHOLARSHIPS ARE BASED ON CRITERIA SUCH AS ACADEMIC STRENGTH, ATHLETIC ABILITY, AND LEADERSHIP OR COMMUNITY SERVICE. NON-NEED-BASED SCHOLARSHIP FUNDING IS AWARDED THROUGH THE ADMISSIONS PROCESS AND USUALLY HAS A GRADE POINT AVERAGE (GPA) OR OTHER REQUIREMENT FOR RENEWAL IN SUBSEQUENT YEARS. TYPES OF MERIT SCHOLARSHIPS INCLUDE AWARDS RANGING FROM $10,000 TO $40,000 AND A LIMITED NUMBER OF FULL TUITION AWARDS. THE UNIVERSITY ALSO OFFERS NEED-BASED AID GRANT FUNDS THAT ARE AWARDED BASED ON FINANCIAL NEED AND DO NOT HAVE TO BE REPAID. THE OFFICE OF FINANCIAL ASSISTANCE DETERMINES THE TOTAL AMOUNT OF A STUDENT'S NEED-BASED GRANT FUNDING ACCORDING TO FEDERAL AND INSTITUTIONAL FORMULAS. TYPES OF NEED BASED GRANTS INCLUDE BENTLEY SCHOLARSHIPS, AS WELL AS FEDERAL AND STATE SOURCES. ALL SCHOLARSHIP AND NEED-BASED AID GRANT AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E LABRENT CHRITE | ||||||||||||||
| PRESIDENT/TRUSTEE | $750,458 | $0 | $112,500 | $0 | $12,055 | $0 | $99,750 | $0 | $95,332 | $0 | $1,070,095 | $0 | $0 | $0 |
| PAUL TESLUK | ||||||||||||||
| PROVOST & VP, ACADEMIC AFFAIRS | $443,544 | $0 | $15,000 | $0 | $5,472 | $0 | $33,000 | $0 | $22,513 | $0 | $519,529 | $0 | $0 | $0 |
| MAUREEN FORRESTER | ||||||||||||||
| VP, CFO/TREASURER | $428,255 | $0 | $0 | $0 | $8,137 | $0 | $33,000 | $0 | $22,511 | $0 | $491,903 | $0 | $0 | $0 |
| KARTIK RAMAN | ||||||||||||||
| ASSOCIATE PROVOST | $372,615 | $0 | $10,000 | $0 | $4,037 | $0 | $33,000 | $0 | $22,471 | $0 | $442,123 | $0 | $0 | $0 |
| CHRIS GRUGAN | ||||||||||||||
| VP, UNIVERSITY ADVANCEMENT | $405,769 | $0 | $0 | $0 | $1,573 | $0 | $33,000 | $0 | $146 | $0 | $440,488 | $0 | $0 | $0 |
| RANI HOITASH | ||||||||||||||
| PROFESSOR | $374,218 | $0 | $0 | $0 | $4,669 | $0 | $33,000 | $0 | $22,482 | $0 | $434,369 | $0 | $0 | $0 |
| CAROLINA FIGUEROA | ||||||||||||||
| VP, ENROLLMENT MANAGEMENT | $341,175 | $0 | $30,000 | $0 | $2,715 | $0 | $33,000 | $0 | $23,478 | $0 | $430,368 | $0 | $0 | $0 |
| SANJAY PUTREVU | ||||||||||||||
| DEAN OF BUSINESS | $368,107 | $0 | $0 | $0 | $5,839 | $0 | $33,000 | $0 | $23,023 | $0 | $429,969 | $0 | $0 | $0 |
| MARTIN CONYON | ||||||||||||||
| PROFESSOR | $347,142 | $0 | $0 | $0 | $13,207 | $0 | $33,000 | $0 | $21,358 | $0 | $414,707 | $0 | $0 | $0 |
| MICHAEL PAGE | ||||||||||||||
| PROFESSOR | $358,771 | $0 | $0 | $0 | $8,024 | $0 | $33,000 | $0 | $7,581 | $0 | $407,376 | $0 | $0 | $0 |
| DONNA MARIA BLANCERO | ||||||||||||||
| PROFESSOR, FORMER PROVOST | $330,386 | $0 | $0 | $0 | $8,221 | $0 | $33,000 | $0 | $21,356 | $0 | $392,963 | $0 | $0 | $0 |
| J ANDREW SHEPARDSON | ||||||||||||||
| VP, STUDENT AFFAIRS & DEAN | $315,965 | $0 | $0 | $0 | $13,975 | $0 | $32,638 | $0 | $22,352 | $0 | $384,930 | $0 | $0 | $0 |
| SEAN FERGUSON | ||||||||||||||
| VP, STRATEGY & INNOVATION | $294,433 | $0 | $10,000 | $0 | $2,383 | $0 | $29,926 | $0 | $22,460 | $0 | $359,202 | $0 | $0 | $0 |
| ELIZABETH HESS | ||||||||||||||
| VP AND CIO | $301,098 | $0 | $10,000 | $0 | $4,588 | $0 | $30,433 | $0 | $110 | $0 | $346,229 | $0 | $0 | $0 |
| GEORGE CANGIANO | ||||||||||||||
| VP, HUMAN RESOURCES | $275,321 | $0 | $0 | $0 | $2,559 | $0 | $27,962 | $0 | $22,335 | $0 | $328,177 | $0 | $0 | $0 |
| RICK OCHES | ||||||||||||||
| DEAN OF ARTS & SCI; FMR PROVOST | $283,915 | $0 | $0 | $0 | $5,013 | $0 | $28,540 | $0 | $7,554 | $0 | $325,022 | $0 | $0 | $0 |
| CHRISTOPHER J JOYCE | ||||||||||||||
| VP, MARKETING & COMM | $276,884 | $0 | $0 | $0 | $1,825 | $0 | $28,201 | $0 | $17,493 | $0 | $324,403 | $0 | $0 | $0 |
| KATHERINE PENN | ||||||||||||||
| VP, DIV/INCLUSION | $224,202 | $0 | $5,000 | $0 | $930 | $0 | $22,520 | $0 | $81 | $0 | $252,733 | $0 | $0 | $0 |
| GUILHERME COSTA | ||||||||||||||
| VP/GEN COUNSEL & SECRETARY | $170,667 | $0 | $40,000 | $0 | $414 | $0 | $16,500 | $0 | $12,735 | $0 | $240,316 | $0 | $0 | $0 |
| JUDITH MALONE | ||||||||||||||
| FMR VP/GEN COUNSEL & SECRETARY(7/23) | $174,885 | $0 | $5,000 | $0 | $2,250 | $0 | $17,735 | $0 | $12,420 | $0 | $212,290 | $0 | $0 | $0 |
| NANCY ANTUNES | ||||||||||||||
| FORMER INTERIM CFO | $164,446 | $0 | $0 | $0 | $1,762 | $0 | $13,057 | $0 | $12,212 | $0 | $191,477 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FOR THE CONVENIENCE OF THE UNIVERSITY, THE UNIVERSITY PROVIDES ON CAMPUS HOUSING FOR ITS PRESIDENT. ESTIMATED RENTAL CHARGES FOR CALENDAR YEAR 2023, (01/01/2023-12/31/2023) ARE $71,800. THIS COST IS ALLOCATED TO THE PRESIDENT AS A NON TAXABLE BENEFIT IN COLUMN D. IN ADDITION, ESTIMATED PERSONAL COSTS RELATED TO HOUSE SERVICES ARE INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. FROM TIME TO TIME, THE UNIVERSITY MAY PROVIDE CAR SERVICES TO THE PRESIDENT TO BE USED FOR BUSINESS PURPOSES. THE AMOUNT PAID FOR COMMERCIAL CAR SERVICES IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE WAGES AS THE CAR SERVICE WAS USED ONLY TO CONDUCT UNIVERSITY BUSINESS. THE UNIVERSITY WILL OCCASIONALLY APPROVE FIRST CLASS TRAVEL FOR TRUSTEES OR OFFICERS WHEN THE TRAVEL IS WITHIN THE GUIDELINES OF THE UNIVERSITY'S TRAVEL POLICY. THE PRESIDENT'S SPOUSE TRAVELS OCCASIONALLY WITH THE PRESIDENT WHEN NECESSARY FOR BUSINESS PURPOSES. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED AS TAXABLE INCOME. |
| PART I, LINE 4B | EFFECTIVE JULY 1ST, 2022, THE UNIVERSITY ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN FOR E. LABRENT CHRITE. THE CONTRIBUTION MADE DURING CY 2023 WAS $66,750. |
| PART I, LINE 7 | BONUSES THAT MAY BE AWARDED TO THE PRESIDENT ARE RECOMMENDED TO THE BOARD OF TRUSTEES BY THE BOARD OF TRUSTEES' COMPENSATION AND BENEFITS COMMITTEE BASED ON THE COMMITTEE'S ASSESSMENT OF THE PRESIDENT'S PERFORMANCE AND THAT OF BENTLEY UNIVERSITY AGAINST APPROPRIATE GOALS ESTABLISHED ANNUALLY BY THE BOARD. THE COMMITTEE, IN ITS SOLE DISCRETION, MAY DETERMINE NOT TO RECOMMEND AWARDING A BONUS FOR ANY GIVEN YEAR, AND THE BOARD, IN ITS SOLE DISCRETION, MAY DETERMINE NOT TO AWARD A BONUS FOR ANY GIVEN YEAR. BONUSES MAY BE AWARDED TO VICE PRESIDENTS BASED ON RECOMMENDATIONS MADE BY THE PRESIDENT THAT ARE APPROVED BY THE COMPENSATION AND BENEFITS COMMITTEE WITH THE RATIONALE BASED UPON THE PRESIDENT'S ASSESSMENT OF THE INDIVIDUAL'S PERFORMANCE. BONUS PAYMENTS MAY BE AWARDED TO OTHER EMPLOYEES BASED ON RECOMMENDATIONS MADE BY MANAGEMENT AND APPROVED BY THEIR RESPECTIVE VICE PRESIDENT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MDFA SERIES 2016 | ||||||||
| A | 043431814 | 57584XKJ9 | 2016-03-08 | $40,434,302 | RENOVATE JENNISON & RES HALLS | 0 | 0 | 0 |
| MDFA SERIES 2017 | ||||||||
| B | 043431814 | 57584X5U1 | 2017-12-21 | $22,901,422 | REFUNDING MDFA SERIES 2010 | 0 | 0 | 0 |
| MDFA SERIES 2021A | ||||||||
| C | 043431814 | 57584YS34 | 2021-09-01 | $92,193,468 | REFUND MDFA SER. 2013A & 2013B | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $40,434,302 | $354,219 | $40,080,083 | 2016 | 0 | 0 | Yes (1) | Yes (1) | ||
| B | $22,901,422 | $285,368 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) | $5,785,000 | $22,616,054 | |
| C | $92,193,468 | $406,706 | 2021 | Yes (1) | 0 | Yes (1) | Yes (1) | $91,786,762 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.01570 | 0.00000 | 0.01570 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE 2 | FormAndLineReferenceDesc |
| Explanation | COLUMN A - MDFA SERIES 2016 THE FINAL REBATE CALCULATION FOR THE MDFA SERIES 2016 BOND ISSUE WAS PERFORMED ON SEPTEMBER 14, 2020. COLUMN B - MDFA SERIES 2017 THE FINAL REBATE CALCULATION FOR THE MDFA SERIES 2017 BOND ISSUE WAS PERFORMED ON OCTOBER 7, 2020. COLUMN C - MDFA SERIES 2021A THE FIRST REBATE CALCULATION FOR THE MDFA SERIES 2021A BOND ISSUE IS DUE SEPTEMBER 30, 2026. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 30 | ContributionCnt |
| Noncash Contributions Rpt F990 | $672,267 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | NONCASH CONTRIBUTIONS AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | ORGANIZATION'S MISSION BENTLEY UNIVERSITY CHANGES THE WORLD WITH A TRANSFORMATIVE BUSINESS EDUCATION, INTEGRATED WITH ARTS AND SCIENCES, THAT INSPIRES AND PREPARES ETHICAL LEADERS WHO WILL CONFRONT THE CHALLENGES OF TODAY AND SHAPE THE OPPORTUNITIES OF TOMORROW. |
| FORM 990, PART III, LINE 1 | ORGANIZATION'S MISSION BENTLEY UNIVERSITY BELIEVES GOOD BUSINESS CAN IMPACT MORE THAN THE BOTTOM LINE - IT CAN CHANGE THE WORLD. BENTLEY IS A COMMUNITY OF FUTURE BUSINESS LEADERS WHO WILL DELIVER VALUE IN THE MARKETPLACE AND LASTING POSITIVE EFFECTS FOR SOCIETY. THE UNIVERSITY'S STUDENTS ARE HIGHLY SOUGHT AFTER, ITS FACULTY APPLY INNOVATIVE RESEARCH TO REAL-WORLD PROBLEMS, AND ITS ALUMNI LEAD ORGANIZATIONS AROUND THE WORLD. BENTLEY EDUCATES THE HEAD AND THE HEART WITH AN INNOVATIVE, TECHNOLOGY-FOCUSED EDUCATION THAT INTEGRATES THE BEST OF BUSINESS AND THE ARTS AND SCIENCES AND PREPARES THE BUSINESS LEADERS OF TOMORROW TO LEAD SUCCESSFUL, REWARDING CAREERS. FOUNDED IN 1917, THE UNIVERSITY ENROLLS 4,500 UNDERGRADUATE AND 800 GRADUATE AND PHD STUDENTS AND IS SET ON 163 ACRES IN WALTHAM, MASSACHUSETTS, 10 MILES WEST OF BOSTON. FOR MORE INFORMATION, VISIT BENTLEY.EDU. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS. PRINCETON REVIEW RANKS BENTLEY NO. 1 IN THE NATION FOR CAREER SERVICES. THE WALL STREET JOURNAL RANKS BENTLEY AS THE 11TH BEST COLLEGE IN THE UNITED STATES. U.S. NEWS AND WORLD REPORT RANKS BENTLEY AS THE NO. 1 MOST INNOVATIVE REGIONAL UNIVERSITY IN THE NORTH. AND GEORGETOWN UNIVERSITY'S CENTER ON EDUCATION AND THE WORKFORCE RANKS BENTLEY NO. 13 IN THE COUNTRY FOR HIGHEST RETURN ON INVESTMENT. FOR MORE THAN A DECADE, 97-99 PERCENT OF OUR GRADUATES HAVE BEEN EMPLOYED OR ENROLLED IN GRADUATE SCHOOL WITHIN SIX MONTHS OF GRADUATION. UNDERGRADUATE AND GRADUATE BUSINESS PROGRAMS AT BENTLEY ARE ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB INTERNATIONAL). THE UNIVERSITY IS ALSO ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (NECHE). |
| FORM 990, PART III, LINE 4A | PROGRAM SERVICE ACCOMPLISHMENTS FACULTY, STAFF AND STUDENTS COLLABORATE WITH EXTERNAL PARTNERS FROM THE BUSINESS WORLD AND COMMUNITY, ALLOWING STUDENTS TO BENEFIT FROM HANDS-ON LEARNING IN REAL-WORLD WORKING ENVIRONMENTS. FACULTY ACROSS ALL DEPARTMENTS ARE COMMITTED TO ESTABLISHING EFFECTIVE TEACHING AND LEARNING RELATIONSHIPS WITH STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM, WHILE SIMULTANEOUSLY PURSUING SCHOLARLY RESEARCH THAT CONTRIBUTES TO THEIR KNOWLEDGE AND THAT SUPPORTS THE UNIVERSITY'S TEACHING MISSION. THE UNIVERSITY HAS MORE THAN 100 STUDENT ORGANIZATIONS THAT PROVIDE COUNTLESS OPPORTUNITIES FOR INVOLVEMENT, LEARNING, AND LEADERSHIP. APPROXIMATELY 75% OF BENTLEY'S UNDERGRADUATE STUDENTS LIVE IN CAMPUS-PROVIDED HOUSING. RESIDENCE HALLS INCLUDE SINGLE, DOUBLE, TRIPLE, AND QUADRUPLE OCCUPANCY ROOMS AS WELL AS APARTMENTS AND SUITES. ALL OF THE RESIDENCE HALLS OFFER STUDENTS MODERN DAY AMENITIES. IN ADDITION, THE UNIVERSITY OFFERS RESIDENT STUDENTS SEVERAL DIFFERENT DINING OPTIONS FROM WHICH TO CHOOSE. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS: A FULL AND COMPLETE COPY OF THE FORM 990 AND ALL ITS ACCOMPANYING SCHEDULES WAS SENT ELECTRONICALLY TO THE AUDIT COMMITTEE OF THE BENTLEY UNIVERSITY BOARD OF TRUSTEES IN APRIL FOR ITS REVIEW AND APPROVAL. UPON COMPLETION OF THAT REVIEW AND APPROVAL IN APRIL, THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY: 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 ARM'S LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR GOVERNANCE OR 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. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION POLICY: COMPENSATION ARRANGEMENTS FOR THE PRESIDENT AND ALL OFFICERS ARE REVIEWED BY THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE COMPENSATION AND BENEFITS COMMITTEE REVIEWS OTHER NON-PROFIT ORGANIZATIONS' FORMS 990 AND GENERAL SALARY SURVEYS AND SALARIES AND THEN SUBMITS ITS RECOMMENDATIONS FOR APPROVAL BY THE FULL BOARD IN ADVANCE OF ANY PAYMENT. IN ADDITION, THE UNIVERSITY PERIODICALLY ENGAGES AN INDEPENDENT PARTY THAT REVIEWS SALARY INFORMATION AND REPORTS RESULTS TO THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES. DETAIL OF ALL DISCUSSIONS OF THE TRUSTEE COMPENSATION AND BENEFITS COMMITTEE IS CONTEMPORANEOUSLY DOCUMENTED. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND ALL OFFICERS IS REASONABLE AND SATISFIES THE REBUTTABLE PRESUMPTION OF TREASURY REGULATION SECTION 53.4958-6. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURE: THE UNIVERSITY'S PRINCIPAL GOVERNING DOCUMENTS, INCLUDING THE ARTICLES OF ORGANIZATION AND BY-LAWS, ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND ARE AVAILABLE TO THE PUBLIC ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY'S WEBSITE FOR PUBLIC VIEWING. REGARDING CONFLICT OF INTEREST, THE INDIVIDUAL FORMS SIGNED BY TRUSTEES AND OFFICERS ARE NOT AVAILABLE FOR PUBLIC INSPECTION, BUT THE UNIVERSITY'S FINANCIAL STATEMENTS INCLUDE A FOOTNOTE DISCUSSING RELATED-PARTY TRANSACTIONS. THE CONFLICT-OF-INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | OTHER NON OPERATING CHANGES -53,000. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| CHARITABLE REMAINDER ANNUITY TRUST (1) | ||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | CRAT | MA | BENTLEY | T | Yes (1) |
| CHARITABLE REMAINDER ANNUITY TRUST (3) | ||||||||
| 175 FOREST STREET | WALTHAM | MA | 02452 | CRUT | MA | BENTLEY | T | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |