2022-05-16T11:40:28-05:00 2021-06-30 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2020-07-01 560532296 BENNETT COLLEGE BENN 3365172100 900 E WASHINGTON STREET GREENSBORO NC 27401 SUZANNE WALSH PRESIDENT 3365172100 2022-05-16 1 SUZANNE WALSH 999009999 STACY M WEST CPA P00452212 3362759886 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUZANNE WALSH 900 E WASHINGTON STREET GREENSBORO NC 27401 43723068 0 X WWW.BENNETT.EDU X 1889 NC THE MISSION OF THE COLLEGE IS TO PREPARE STUDENTS PERSONALLY, SOCIALLY AND INTELLECTUALLY TO EFFECTIVELY FUNCTION IN A CHANGING GLOBAL SOCIETY. 14 14 228 0 0 0 7010792 9764558 7479677 3351247 28642 1085083 820076 26176498 15339187 40377386 0 3071322 0 0 0 5287843 0 0 841622 0 7392031 0 15751196 15339187 24626190 51386635 45162174 35499311 10201551 15887324 34960623 TO OFFER WOMEN AN EDUCATION CONDUCIVE TO EXCELLENCE IN SCHOLARLY PURSUITS, PREPARATION FOR LEADERSHIP ROLES IN THE WORKPLACE, SOCIETY, AND THE WORLD, AND LIFE-LONG LEARNING IN A TECHNOLOGICALLY ADVANCED, COMPLEX GLOBAL SOCIETY. 0 0 9973249 3071322 5194789 TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD. 141564 20545 AUXILIARY ENTERPRISE SUPPORTS THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES, PARKING, VENDING, CAMPUS STORES AND ATHLETICS. 10114813 1 1 0 0 0 0 0 1 0 1 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 228 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUZANNE WALSH 3365172100 900 E WASHINGTON ST GREENSBORO NC 27401 SENATOR GLADYS ASHE ROBINSON PHD CHAIRPERSON 1.00 X 0 0 0 DR PRENARD R MICKENS VICE CHAIRPERSON 1.00 X 0 0 0 MS KIMBERLY JESSUP RIPBERGER TREASURER 1.00 X 0 0 0 MS SUSIE JOHNSON SECRETARY 1.00 X 0 0 0 DR JAMES ANDERSON TRUSTEE 1.00 X 0 0 0 MR CHARLES E COOTE JR TRUSTEE 1.00 X 0 0 0 REV DR HENRY FITZJEFFERIES TRUSTEE 1.00 X 0 0 0 MR MICHAEL GODETTE TRUSTEE 1.00 X 0 0 0 DR CHARLENE GREEN TRUSTEE 1.00 X 0 0 0 ATTY CASSANDRA JONES-HAVARD TRUSTEE 1.00 X 0 0 0 MRS KWANZA JONES TRUSTEE 1.00 X 0 0 0 DR MARK MILLIRON TRUSTEE 1.00 X 0 0 0 MRS NATALIE RENEE PARKER TRUSTEE 1.00 X 0 0 0 MS LANELLA SMITH TRUSTEE 1.00 X 0 0 0 ATTY MADIEU WILLIAMS TRUSTEE 1.00 X 0 0 0 DR SANTIBA CAMPBELL TRUSTEE 1.00 X 0 0 0 MS ASHLEY ROBINSON TRUSTEE 1.00 X 0 0 0 MS JAWNITA M BOYD CONTROLLER 40.00 X 40052 0 3303 MR LADANIEL GATLING II VICE PRESIDENT, INSTITUTIONAL ADVANCEMENT 40.00 X 110000 0 1852 DR WILLIETTA GIBSON INTERIM DEAN 40.00 X 62200 0 9600 MR JAMES HASTINGS VICE PRESIDENT FOR FINANCE 40.00 X 142154 0 1124 MS CATHERINE HURD VICE PRESIDENT, ENROLLEMENT MANAGEMENT 40.00 X 118000 0 10775 DR GWENDOLYN S O'NEAL CHIEF OPERATING OFFICER 40.00 X 60000 0 0 DR SUZANNE E WALSH JD PRESIDENT 40.00 X 285000 0 908 MS BONITA SHERROD INTERIM CONTROLLER/ASSOC VP BUSINESS & FINANCE 40.00 X 168000 0 0 MS ADRENA COLEMAN VICE PRESIDENT FOR OPERATIONS AND LOGISTICS 40.00 X 72000 0 9197 1057406 0 36759 5 0 1 0 SODEXO - EFT PAYMENT PO BOX 536922 ATLANTA GA 303536922 FACILITIES/FOOD SERVICE 678236 UNITED HEALTHCARE INC 2301 W PLANO PKWY SUITE 300 PLANO TX 75075 INSURANCE 653773 LOMAX CONSTRUCTION COMPANY INC PO BOX 35169 GREENSBORO NC 274255169 CONSTRUCTION 487012 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING 435764 IES ROOFINGINC 1336 WHITE HORSE ROAD GREENVILLE SC 29605 CONSTRUCTION 350000 5 7062774 2701784 13286 9764558 TUITION AND FEES 611600 3330702 3330702 SALES AND SERVICES OF AUXILIARY E 611710 20545 20545 3351247 302277 302277 4128488 3345682 782806 782806 782806 FORGIVENESS OF DEBT 900099 25397494 25397494 INVESTMENT INCOME 900099 616955 616955 OTHER INCOME 900099 162049 162049 26176498 40377386 5215334 0 25397494 3071322 3071322 1004473 1004473 4283370 3475938 390791 416641 1754856 1153546 463041 138269 190539 125250 50276 15013 CONTRACTED SERVICES 4458338 1678915 2598249 181174 UTILITIES 467879 307558 123456 36865 MISCELLANEOUS 413593 248196 118517 46880 SUPPLIES 106826 54088 45958 6780 15751196 10114813 4794761 841622 2925502 4298012 677595 534025 568309 592134 948728 117397 13248 11229 2407755 133064 29564380 8845620 27781874 20718760 13321803 16015732 2741821 2741821 51386635 45162174 877559 1510735 865084 665728 26315416 7441252 8025088 35499311 10201551 X 2065482 17274447 13821842 17686176 15887324 34960623 51386635 45162174 24626190 2359255 -7912146 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 13999399 176198 2233315 279307 121873 122663 15885069 13706721 48751 808404 469009 13946 81522 13999399 13114789 146252 703870 197155 13408 47627 13706721 12644610 71613 943990 443008 22089 80327 13114789 11471857 153791 1531653 399284 13127 100280 12644610 0.03000 0.63000 0.34000 0 0 722071 722071 27031245 8845620 18185625 1811064 1811064 20718760 ART COLLECTION 2741821 F 2741821 X 40282980 2359255 2359255 37923725 2453661 2453661 40377386 13297535 0 13297535 2453661 2453661 15751196 PART X, LINE 2: THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE COLLEGE, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2021. ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NETTED WITH REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NETTED WITH REVENUE PART III LINE 4 THE CAMPUS OF BENNETT COLLEGE IS HOME TO A HOST OF HISTORICAL DOCUMENTS, CIVIL RIGHTS ARTIFCATS AND URBAN TREASURES, MANY OF THE ITEMS ARE ON DISPLAY FOR PUBLIC EXHIBITION, BUT ALSO FOR THE EDUCATION OF FUTURE GENERATIONS OF COLLEGE STUDENTS. PART V LINE 4 THE ENDOWMENT FUNDS SHOWN ARE CONSIDERED PERMANENTLY RESTRICTED. THE COLLEGE DOES NOT INTEND TO USE THE FUNDS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN. THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIPS, OR LOAN PROGRAMS; AND ATHLETIC AND SCHOOL ADMINISTERED PROGRAMS. THE COLLEGE'S NON-DISCRIMINATION STATEMENT APPEARS IN ALL BROCHURES AND APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 THE COLLEGE OFFERS SCHOLARSHIPS AND STUDENT FINANCIAL AID TO ASSIST WITH MEETING THE STUDENT'S FINANCIAL OBLIGATIONS. THE FINANCIAL AID OFFICE HAS THE NECESSARY POLICIES AND PROCEDURES TO ENSURE THAT THE COLLEGE ADHERES TO AND COMPLIES WITH FEDERAL REGULATIONS REGARDING ELIGIBILITY FOR STUDENT FINANCIAL AID. REQUIREMENTS FOR RECEIVING SCHOLARSHIPS DEPEND UPON OTHER FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME, OR ATHLETIC TALENTS. 1 PRIVATELY FUNDED STUDENT SCHOLARSHIPS 144 931414 FEDERAL FINANCIAL AID 170 1726768 STATE FINANCIAL AID 84 413140 PART III LINE 1 ALL SCHOLARSHIPS ARE AWARDED BASED UPON SPECIFIC CRITERIA MAINTAINED BY THE FINANCIAL AID OFFICE. REQUIREMENTS FORRECEIVING SCHOLARSHIPS DEPEND UPON OTHER FACTORS, SUCH AS GRADE POINT AVERAGE, FAMILY INCOME OR ECONOMIC NEED. THE COLLEGE'S FINANCIAL AID STAFF MONITORS THE ELIGIBILITY GUIDELINES TO ENSURE COMPLIANCE. THE COLLEGE UNDERGOES THE UNIFORM GUIDANCE AUDIT ANNUALLY. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR SUZANNE E WALSH JD PRESIDENT 285000 0 0 0 0 0 0 0 908 0 285908 0 0 0 MS BONITA SHERROD INTERIM CONTROLLER/ASSOC VP BUSINESS 168000 0 0 0 0 0 0 0 0 0 168000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S POLICY IS THAT THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEW THE IRS FORM 990 THAT IS FILED ON THE COLLEGE'S BEHALF BEFORE IT IS FILED WITH THE IRS. AN APPROVED MOTION OR AGREEMENT BY THE BOARD OF TRUSTEES IS REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. IRS FORM 990 SHALL BE DELIVERED TO THE BOARD MEMBERS FOR REVIEW ONE WEEK PRIOR TO THE FILE DATE. THE MEANS OF DELIVERY OF THE DOCUMENT SHALL BE IN HARD COPY OR VIA EMAIL TO EACH BOARD MEMBER'S BUSINESS MAILING ADDRESS OR EMAIL ADDRESS. THE RESULTS OF THE REVIEW AND SUBSEQUENT ACTIONS REGARDING THE IRS FORM 990 SHALL BE RECORDED IN THE OFFICIAL MEETING MINUTES OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE PROVIDES THE CONFLICT OF INTERESTSTATEMENT TO THE BOARD MEMBERS AT THE ANNUAL MEETING. BOARD MEMBERS WILL BE REQUIRED TO COMPLETE A STATEMENT, WHICH WILL BE MAINTAINED IN INDIVIDUAL MEMBERS' FILES. FORM 990, PART VI, SECTION B, LINE 15A: THE COMPENSATION OF THE PRESIDENT WAS BASED ON RECOMMENDATIONS FROM AN EXECUTIVE SEARCH FIRM. THE EMPLOYMENT CONTRACT WAS REVIEWED AND APPROVED BY THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP OFFICERS OF THE COLLEGE IS SET AT THE DISCRETION OF THE PRESIDENT. THIS DISCRETION IS BASED ON 1) PREVIOUS SALARY HISTORY, 2)MARKET COMPARABLE COMPENSATION DATA, AND 3) SALARY SURVEY DATA FOR COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UNDER THE ADMINISTRATION TAB ON THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. TO OBTAIN A COPY, CONTACT THE BUSINESS OFFICE AND SUBMIT A REQUEST.