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BENTLEY UNIVERSITY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-14
IRS object ID
202111349349302276
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-14T09:58:07-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line160 South StreetAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041081650EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bentley UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% NANCY ANTUNESInCareOfNm
Business Name ControlBENTBusinessNameControlTxt
Phone7818912000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1Txt
CityWALTHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024524705ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMAUREEN FORRESTERPersonNm
Person TitleVP AND CFO/TREASURERPersonTitleTxt
Phone7818912000PhoneNum
Signature2021-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSMITA BALIGAPreparerPersonNm
PTINP01643271PTIN
Phone6179881000PhoneNum
Preparation2021-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMAUREEN FORRESTERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1Txt
CityWALTHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024524705ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$398,646,224GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BENTLEY.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1917FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee3017TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI$495,108TotalGrossUBIAmt
PY Contributions Grants$7,155,000PYContributionsGrantsAmt
CY Contributions Grants$12,904,000CYContributionsGrantsAmt
PY Program Service Revenue$301,758,000PYProgramServiceRevenueAmt
CY Program Service Revenue$295,215,000CYProgramServiceRevenueAmt
PY Investment Income$6,300,667PYInvestmentIncomeAmt
CY Investment Income$6,529,866CYInvestmentIncomeAmt
PY Other Revenue$4,214,000PYOtherRevenueAmt
CY Other Revenue$1,976,000CYOtherRevenueAmt
PY Total Revenue$319,427,667PYTotalRevenueAmt
CY Total Revenue$316,624,866CYTotalRevenueAmt
PY Grants And Similar Paid$89,174,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$92,374,756CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$135,754,723PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$135,451,681CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$76,879PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$16,590CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,501,550CYTotalFundraisingExpenseAmt
PY Other Expenses$88,655,004PYOtherExpensesAmt
CY Other Expenses$79,427,095CYOtherExpensesAmt
PY Total Expenses$313,661,106PYTotalExpensesAmt
CY Total Expenses$307,270,122CYTotalExpensesAmt
PY Revenues Less Expenses$5,766,561PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$9,354,744CYRevenuesLessExpensesAmt
Total Assets BOY$657,775,151TotalAssetsBOYAmt
Total Assets EOY$681,081,992TotalAssetsEOYAmt
Total Liabilities BOY$236,287,151TotalLiabilitiesBOYAmt
Total Liabilities EOY$269,586,992TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$421,488,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$411,495,000NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$224,564,672ExpenseAmt
Grant$92,374,756GrantAmt
Revenue$250,830,000RevenueAmt
DescEDUCATION AND STUDENT SUPPORT - FOUNDED IN 1917 AS THE BENTLEY SCHOOL OF ACCOUNTING AND FINANCE, BENTLEY UNIVERSITY PLACES VITAL EMPHASIS ON THE QUALITY OF ITS FACULTY AS DEDICATED TEACHERS/SCHOLARS. ACADEMICS 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 CONTRIBUTE TO THEIR KNOWLEDGE AND THAT SUPPORT THE UNIVERSITY'S TEACHING MISSION. OUR MORE THAN 100 STUDENT ORGANIZATIONS PROVIDE COUNTLESS OPPORTUNITIES FOR INVOLVEMENT, LEARNING, AND LEADERSHIP.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$38,819,722ExpenseAmt
Revenue$46,361,000RevenueAmt
DescAUXILIARY ENTERPRISES - APPROXIMATELY 80% OF BENTLEY'S UNDERGRADUATE STUDENTS LIVE ON 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$263,384,394TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document6075IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3017EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonNANCY ANTUNESPersonNm
Phone7818912688PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1Txt
CityWALTHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024524705ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
ALISON DAVIS-BLAKE
PRESIDENT/TRUSTEE50.00.0Yes (X)Yes (X)$740,380$0$97,656
MAUREEN FORRESTER
VP, CFO/TREASURER50.00.0Yes (X)$409,035$0$48,725
LYNNE ROSANSKY
VP FOR ACA AFF/PROVOST50.00.0Yes (X)$425,675$0$21,227
M LYNNE MARKUS
PROFESSOR50.00.0$387,012$0$35,025Yes (X)
DONNA MARIA BLANCERO
VP, ACA AFF/PROVOST50.00.0Yes (X)$347,072$0$41,327
MAUREEN FLORES
VP FOR ADVANCEMENT50.00.0Yes (X)$339,481$0$48,598
JANE FEDOROWICZ
PROFESSOR50.00.0$337,476$0$47,571Yes (X)
ROY WIGGINS III
FORMER INTERIM CO-PROVOST/DEAN50.00.0$330,282$0$48,686Yes (X)
RANI HOITASH
PROFESSOR50.00.0$330,724$0$47,592Yes (X)
CAROLINA FIGUEROA
VP, FOR ENROLLMENT MANAGEMENT50.00.0Yes (X)$324,730$0$48,585
MICHAEL PAGE
FORMER VP ACA AFF/PROVOST50.00.0$337,097$0$34,659Yes (X)
GOPAL KRISHNAN
PROFESSOR50.00.0$323,593$0$48,088Yes (X)
J ANDREW SHEPARDSON
VP FOR STUD AFFAIRS & DEAN50.00.0Yes (X)$303,923$0$47,603
ROBERT WITTSTEIN
VP AND CIO50.00.0Yes (X)$320,386$0$29,174
JUDITH MALONE
VP/GENERAL COUNSEL & SECRETARY50.00.0Yes (X)$297,112$0$46,602
PIERRE BERTHON
PROFESSOR50.00.0$312,086$0$31,250Yes (X)
GLORIA C LARSON
FORMER PRESIDENT50.00.0$298,607$0$37,894Yes (X)
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN50.00.0$285,641$0$46,803Yes (X)
NANCY ANTUNES
FORMER INTERIM CFO50.00.0$243,690$0$44,557Yes (X)
VALERIE FOX
VP AND CMO50.00.0Yes (X)$257,170$0$30,055
GEORGE CANGIANO
VP, HUMAN RESOURCES50.00.0Yes (X)$239,800$0$42,021
KENNETH CODY
FORMER VP-FINANCE/TREASURER50.00.0$205,761$0$31,573Yes (X)
CHRISTOPHER J JOYCE
VP MARKETING & COMMUNICATION50.00.0Yes (X)$210,327$0$26,972
JOSHUA BRAND
VP FOR EXT RELATIONS50.00.0Yes (X)$211,764$0$24,787
IAN WALL
INTERIM VP & CIO50.00.0Yes (X)$25,149$0$2,517
ROBERT E ALAN
TRUSTEE2.00.0Yes (X)$0$0$0
THOMAS P ALBER
TRUSTEE2.00.0Yes (X)$0$0$0
KEVIN F ARMATA
TRUSTEE1.00.0Yes (X)$0$0$0
J TERENCE CARLETON
TRUSTEE2.00.0Yes (X)$0$0$0
J PAUL CONDRIN III
CHAIR/ACTING PRESIDENT10.00.0Yes (X)Yes (X)$0$0$0
STEPHEN L DELVECCHIO
TRUSTEE2.00.0Yes (X)$0$0$0
CYNTHIA M DEYSHER
TRUSTEE1.00.0Yes (X)$0$0$0
JOYCE J ELAM
TRUSTEE1.00.0Yes (X)$0$0$0
WILLIAM C FREDA
TRUSTEE2.00.0Yes (X)$0$0$0
DAVID L GIUNTA
VICE CHAIRMAN8.00.0Yes (X)Yes (X)$0$0$0
TANYA HAIRSTON-WHITNER
TRUSTEE2.00.0Yes (X)$0$0$0
ANDREW J HAJDUCKY III
TRUSTEE2.00.0Yes (X)$0$0$0
W CARL KESTER
TRUSTEE1.00.0Yes (X)$0$0$0
DEBORAH A LEITCH
TRUSTEE1.00.0Yes (X)$0$0$0
STEVEN MANFREDI
TRUSTEE1.00.0Yes (X)$0$0$0
I NORMAN MASSRY
TRUSTEE1.00.0Yes (X)$0$0$0
STEVEN C MILLNER
TRUSTEE1.00.0Yes (X)$0$0$0
LEBONE C MOSES
TRUSTEE1.00.0Yes (X)$0$0$0
SUSAN G O'CONNELL
TRUSTEE2.00.0Yes (X)$0$0$0
MELANIE OTERO
TRUSTEE1.00.0Yes (X)$0$0$0
GORDON PULSIFER
TRUSTEE1.00.0Yes (X)$0$0$0
NICKOLAS STAVROPOULOS
TRUSTEE2.00.0Yes (X)$0$0$0
TIFFANY R WARREN
TRUSTEE1.00.0Yes (X)$0$0$0
BRIAN T ZINO
TRUSTEE2.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,843,973TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,009,547TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K322IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SODEXO INC AFFILIATES
860 WINTER STREETWALTHAMMA02451FOOD SERVICES$11,584,001
CHAPMAN CONSTRUCTIONDESIGN COMPANY
84 WINCHESTER STREETNEWTON HIGHLANDSMA02461CONSTRUCTION$3,465,463
TIMBERLINE CONSTRUCTION CORPORATION
300 PINE STREETCANTONMA02021CONSTRUCTION$2,573,550
TITAN ROOFING INC
200 TAPLEY STREETSPRINGFIELDMA01104CONSTRUCTION$2,536,800
MCGARR SERVICE CORP
233 NEEDHAM STREET SUITE 530NEWTONMA02464CUSTODIAL SERVICES$2,054,678
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K21CntrctRcvdGreaterThan100KCnt
Government Grants$4,079,000GovernmentGrantsAmt
All Other Contributions$8,825,000AllOtherContributionsAmt
Noncash Contributions$452,645NoncashContributionsAmt
Total Contributions$12,904,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees900099$248,854,000$248,854,000
Auxillary900099$45,961,939$45,014,996$946,943
CONFERENCE SERVICES721000$304,525$304,525
NATATORIUM USE713940$94,536$94,536
FieldValueIRS element (for citing)
Total Program Service Revenue$295,215,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,640,224TotalRevenueColumnAmt
Unrelated Business Revenue-$22,812UnrelatedBusinessRevenueAmt
Exclusion$2,663,036ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

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

Rental Income Or Loss RentalIncomeOrLossGrp

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

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

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

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$85,911,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$82,021,358SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,889,642SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,889,642TotalRevenueColumnAmt
Unrelated Business Revenue$118,859UnrelatedBusinessRevenueAmt
Exclusion$3,770,783ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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

Net Income From Gaming NetIncomeFromGamingGrp

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

Net Income Or Loss NetIncomeOrLossGrp

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

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER SOURCESDesc
Business900099BusinessCd
Total Revenue Column$1,976,000TotalRevenueColumnAmt
Related Or Exempt Func Income$1,976,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,976,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$316,624,866TotalRevenueColumnAmt
Related Or Exempt Func Income$295,844,996RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$495,108UnrelatedBusinessRevenueAmt
Exclusion$7,380,762ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$25,000TotalAmt
Program Services$25,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$85,755,248TotalAmt
Program Services$85,755,248ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$6,594,508TotalAmt
Program Services$6,594,508ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,452,005TotalAmt
Program Services$303,923ProgramServicesAmt
Management And General$3,944,393ManagementAndGeneralAmt
Fundraising$203,689FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,701,078TotalAmt
Program Services$953,020ProgramServicesAmt
Management And General$748,058ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$101,372,928TotalAmt
Program Services$85,149,000ProgramServicesAmt
Management And General$12,823,648ManagementAndGeneralAmt
Fundraising$3,400,280FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$8,242,205TotalAmt
Program Services$6,396,076ProgramServicesAmt
Management And General$1,546,560ManagementAndGeneralAmt
Fundraising$299,569FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,852,790TotalAmt
Program Services$9,973,960ProgramServicesAmt
Management And General$2,411,686ManagementAndGeneralAmt
Fundraising$467,144FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,830,675TotalAmt
Program Services$5,300,707ProgramServicesAmt
Management And General$1,281,702ManagementAndGeneralAmt
Fundraising$248,266FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,425,195TotalAmt
Program Services$762,697ProgramServicesAmt
Management And General$414,552ManagementAndGeneralAmt
Fundraising$247,946FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$582,917TotalAmt
Program Services$65,246ProgramServicesAmt
Management And General$516,621ManagementAndGeneralAmt
Fundraising$1,050FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$443,222TotalAmt
Management And General$443,222ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$18,870TotalAmt
Management And General$18,870ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$16,590TotalAmt
Fundraising$16,590FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,866,122TotalAmt
Management And General$2,866,122ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,542,326TotalAmt
Program Services$2,407,325ProgramServicesAmt
Management And General$135,001ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,761,576TotalAmt
Program Services$1,391,747ProgramServicesAmt
Management And General$344,785ManagementAndGeneralAmt
Fundraising$25,044FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,211,293TotalAmt
Program Services$4,478,522ProgramServicesAmt
Management And General$1,602,977ManagementAndGeneralAmt
Fundraising$129,794FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,816,391TotalAmt
Program Services$2,595,611ProgramServicesAmt
Management And General$2,155,731ManagementAndGeneralAmt
Fundraising$65,049FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,716,988TotalAmt
Program Services$12,122,427ProgramServicesAmt
Management And General$593,601ManagementAndGeneralAmt
Fundraising$960FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,076,273TotalAmt
Program Services$1,450,594ProgramServicesAmt
Management And General$398,957ManagementAndGeneralAmt
Fundraising$226,722FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,679,809TotalAmt
Program Services$2,272,114ProgramServicesAmt
Management And General$317,708ManagementAndGeneralAmt
Fundraising$89,987FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,196,227TotalAmt
Program Services$6,778,688ProgramServicesAmt
Management And General$417,539ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$20,162,806TotalAmt
Program Services$19,077,467ProgramServicesAmt
Management And General$1,085,339ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$721,574TotalAmt
Program Services$51,340ProgramServicesAmt
Management And General$670,234ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Purchased Services$9,270,552$5,820,904$3,449,648
STUDY ABROAD$3,197,740$3,197,740
LEASING$483,131$370,735$104,057$8,339
All Other Expenses$254,083$89,795$93,167$71,121

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$307,270,122TotalAmt
Program Services$263,384,394ProgramServicesAmt
Management And General$38,384,178ManagementAndGeneralAmt
Fundraising$5,501,550FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$47,191,174BOYAmt
EOY$89,015,920EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,092,755BOYAmt
EOY$4,761,313EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,302,167BOYAmt
EOY$2,775,401EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,275,498BOYAmt
EOY$3,076,764EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,218,472BOYAmt
EOY$4,201,355EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$571,093,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$267,031,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$308,633,000BOYAmt
EOY$304,062,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$179,255,000BOYAmt
EOY$164,633,289EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$106,888,000BOYAmt
EOY$108,186,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,919,085BOYAmt
EOY$369,950EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$657,775,151BOYAmt
EOY$681,081,992EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$28,796,000BOYAmt
EOY$33,083,709EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,841,000BOYAmt
EOY$12,231,607EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$165,843,000BOYAmt
EOY$160,805,263EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$25,000,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,807,151BOYAmt
EOY$38,466,413EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$236,287,151BOYAmt
EOY$269,586,992EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$300,804,000BOYAmt
EOY$293,027,000EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$120,684,000BOYAmt
EOY$118,468,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$421,488,000BOYAmt
EOY$411,495,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$657,775,151BOYAmt
EOY$681,081,992EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$9,354,744ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$6,808,744NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$12,539,000OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,194,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,993,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,672,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,155,000CurrentTaxYearMinus1YearAmt
Current Tax Year$12,904,000CurrentTaxYearAmt
Total$44,918,000TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,194,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,993,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,672,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,155,000CurrentTaxYearMinus1YearAmt
Current Tax Year$12,904,000CurrentTaxYearAmt
Total$44,918,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$370,456SubstantialContributorsTotAmt
Public Support Total170$44,547,544PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,134,178CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,741,646CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,774,163CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,159,395CurrentTaxYearMinus1YearAmt
Current Tax Year$2,663,036CurrentTaxYearAmt
Total$15,472,418TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$56,024CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,927CurrentTaxYearMinus1YearAmt
Current Tax Year$11,273CurrentTaxYearAmt
Total$97,224TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,395,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,744,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,837,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,214,000CurrentTaxYearMinus1YearAmt
Current Tax Year$1,976,000CurrentTaxYearAmt
Total$12,166,000TotalAmt
FieldValueIRS element (for citing)
Total Support$72,653,642TotalSupportAmt
Gross Receipts Rltd Activities$1,436,987,321GrossReceiptsRltdActivitiesAmt
Public Support CY1700.61315PublicSupportCY170Pct
Public Support PY1700.57420PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$18,870OtherActivitiesAmt
Total Lobbying Expenditures$18,870TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceLOBBYING EXPENSESFormAndLineReferenceDesc
ExplanationPART II-B, LINE 1i 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 $18,870 FOR THE YEAR ENDED JUNE 30, 2020.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$215,825AssetsIncludedAmt
FieldValueIRS element (for citing)
Held Works ArtHeldWorksArtGrp
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$276,502,744BeginningYearBalanceAmt
Contributions$1,773,698ContributionsAmt
Investment Earnings Or Losses-$3,071,238InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,026,244GrantsOrScholarshipsAmt
Other Expenditures$8,951,758OtherExpendituresAmt
End Year Balance$263,227,202EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$279,725,063BeginningYearBalanceAmt
Contributions$1,414,000ContributionsAmt
Investment Earnings Or Losses$7,250,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,145,001GrantsOrScholarshipsAmt
Other Expenditures$8,741,318OtherExpendituresAmt
End Year Balance$276,502,744EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$262,996,000BeginningYearBalanceAmt
Contributions$3,228,000ContributionsAmt
Investment Earnings Or Losses$24,826,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,871,841GrantsOrScholarshipsAmt
Other Expenditures$8,453,096OtherExpendituresAmt
End Year Balance$279,725,063EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$241,944,000BeginningYearBalanceAmt
Contributions$4,311,000ContributionsAmt
Investment Earnings Or Losses$27,397,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,889,744GrantsOrScholarshipsAmt
Other Expenditures$7,766,256OtherExpendituresAmt
End Year Balance$262,996,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$256,630,000BeginningYearBalanceAmt
Contributions$2,448,000ContributionsAmt
Investment Earnings Or Losses-$6,853,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,017,346GrantsOrScholarshipsAmt
Other Expenditures$7,263,654OtherExpendituresAmt
End Year Balance$241,944,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.59877BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.20155PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.19968TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$31,870,765OtherCostOrOtherBasisAmt
Book Value$31,870,765BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$472,687,000OtherCostOrOtherBasisAmt
Depreciation$215,356,000DepreciationAmt
Book Value$257,331,000BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$57,434,000OtherCostOrOtherBasisAmt
Depreciation$51,675,000DepreciationAmt
Book Value$5,759,000BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,101,235OtherCostOrOtherBasisAmt
Book Value$9,101,235BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$304,062,000TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$60,436,000F
PRIVATE EQUITY/VENTURE CAPITAL$33,446,000F
COMMODITIES$9,974,000F
LIFE INSURANCE$4,330,000F
FieldValueIRS element (for citing)
Total Book Value Securities$108,186,000TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
INTEREST RATE SWAPS$27,357,402
POST RETIREMENT BENEFITS$5,884,973
ANNUITY OBLIGATION$2,302,634
REFUNDABLE U.S. GOVERNMENT GRANTS$2,921,404
FieldValueIRS element (for citing)
Total Liability$38,466,413TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$294,411,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$6,808,744NetUnrealizedGainsInvstAmt
Other Revenue-$12,539,000OtherRevenueAmt
Revenue Not Reported-$19,347,744RevenueNotReportedAmt
Revenue Subtotal$313,758,744RevenueSubtotalAmt
Investment Expenses Not Incld$2,866,122InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$2,866,122RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$316,624,866TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$304,404,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$304,404,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,866,122InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$2,866,122ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$307,270,122TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
COLLECTIONS OF ARTPART III, LINE 3 THE UNIVERSITY OWNS A MODERN COLLECTION OF ABOUT 30 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.
ENDOWMENT FUNDSPART V, LINE 4 THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIPS TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. IN ADDITION, QUASI ENDOWMENT REPRESENTS 60% OF ENDOWMENT. THIS AMOUNT IS INVESTED AND THE EARNINGS ARE USED TO SUPPORT UNIVERSITY OPERATIONS.
FIN 48 (ASC 740) FOOTNOTEPART X, LINE 2 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, 2020 OR 2019.
OTHER REVENUES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XI, LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $( 6,534,000) OTHER NONOPERATING ACTIVITIES $( 965,000) VOLUNTARY RETIREMENT COST $( 5,040,000) TOTAL $(12,539,000)

Schedule E IRS990ScheduleE

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
NONDISCRIMINATORY POLICYSCHEDULE E, LINE 3 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 VICE PRESIDENT, HUMAN RESOURCES AT GCANGIANO@BENTLEY.EDU. THE UNIVERSITY PUBLISHES ITS NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK.
FINANCIAL AID AND GOVERNMENTAL ASSISTANCESCHEDULE E, LINE 6A THE UNIVERSITY PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, 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

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
East Asia and the PacificProgram ServicesStudy Abroad$561,008
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad$2,155,310
South AmericaProgram ServicesStudy Abroad$59,523
Sub-Saharan AfricaProgram ServicesStudy Abroad$59,404
Central America and the CaribbeanInvestments$6,939,187
East Asia and the PacificInvestments$4,399,936
Europe (Including Iceland and Greenland)Investments$1,117,263
Central America and the CaribbeanGrantmakingSCHOLARSHIP ASSISTANCE$394,350
East Asia and the PacificGrantmakingSCHOLARSHIP ASSISTANCE$2,819,604
Europe (Including Iceland and Greenland)GrantmakingSCHOLARSHIP ASSISTANCE$721,637
Middle East and North AfricaGrantmakingSCHOLARSHIP ASSISTANCE$140,090
North AmericaGrantmakingSCHOLARSHIP ASSISTANCE$712,170
Russia and the Newly Independent StatesGrantmakingSCHOLARSHIP ASSISTANCE$373,620
South AmericaGrantmakingSCHOLARSHIP ASSISTANCE$660,681
South AsiaGrantmakingSCHOLARSHIP ASSISTANCE$499,300
Sub-Saharan AfricaGrantmakingSCHOLARSHIP ASSISTANCE$273,056
FieldValueIRS element (for citing)
Subtotal Spent$21,886,139SubtotalSpentAmt
Total Spent$21,886,139TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Scholarship AssistanceCentral America and the Caribbean19$394,350Acct Credit
Scholarship AssistanceEast Asia and the Pacific230$2,819,604Acct Credit
Scholarship AssistanceEurope (Including Iceland and Greenland)32$721,637Acct Credit
Scholarship AssistanceMiddle East and North Africa6$140,090Acct Credit
Scholarship AssistanceNorth America20$712,170Acct Credit
Scholarship AssistanceRussia and the Newly Independent States20$373,620Acct Credit
Scholarship AssistanceSouth America37$660,681Acct Credit
Scholarship AssistanceSouth Asia50$499,300Acct Credit
Scholarship AssistanceSub-Saharan Africa14$273,056Acct Credit
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S.PART I, LINE 2 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 ADMISSION PROCESS AND USUALLY HAS A GRADE POINT AVERAGE (GPA) OR OTHER REQUIREMENT FOR RENEWAL IN SUBSEQUENT YEARS. TYPES OF MERIT SCHOLARSHIPS INCLUDE THE TRUSTEE SCHOLARSHIP, THE PRESIDENT'S SCHOLARSHIP, AND THE INTERNATIONAL SCHOLARSHIP. ALL SCHOLARSHIP AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT.
BASIS OF ACCOUNTINGPART I, LINE 3 THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MA CONFERENCE FOR WOMENBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 55071AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02205ZIPCd
FieldValueIRS element (for citing)
Recipient EIN202699177RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$25,000CashGrantAmt
Purpose Of GrantSPONSORSHIP SPONSORSHIPPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

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

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Scholarship Assistance3524$84,422,434
HEERF - STUDENT AID2415$1,332,814

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMONITORING THE USE OF GRANT FUNDS IN THE U.S.FormAndLineReferenceDesc
ExplanationPART I, LINE 2 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. PART III, LINE 1 SCHOLARSHIP ASSISTANCE 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 THE TRUSTEE SCHOLARSHIP, THE PRESIDENT'S SCHOLARSHIP, AND THE INTERNATIONAL SCHOLARSHIP. THE UNIVERSITY ALSO OFFERS 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 AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT. PART III, LINE 2 HEERF - STUDENT AID On March 27, 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to ease the financial strain across the country created by COVID-19. A portion of that economic relief package included a Higher Education Emergency Relief fund to provide emergency grants to students to help them pay expenses caused by the pandemic's disruption. Bentley received $1,332,814 for emergency financial aid for students.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (24 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ALISON DAVIS-BLAKE
PRESIDENT/TRUSTEE$727,017$0$0$0$13,363$0$28,000$0$69,656$0$838,036$0$0$0
MAUREEN FORRESTER
VP, CFO/TREASURER$377,369$0$25,000$0$6,666$0$28,000$0$20,725$0$457,760$0$0$0
LYNNE ROSANSKY
VP FOR ACA AFF/PROVOST$205,701$0$0$0$219,974$0$20,607$0$620$0$446,902$0$0$0
M LYNNE MARKUS
PROFESSOR$381,455$0$0$0$5,557$0$28,000$0$7,025$0$422,037$0$0$0
DONNA MARIA BLANCERO
VP, ACA AFF/PROVOST$287,170$0$57,000$0$2,902$0$28,000$0$13,327$0$388,399$0$0$0
MAUREEN FLORES
VP FOR ADVANCEMENT$325,572$0$9,000$0$4,909$0$28,000$0$20,598$0$388,079$0$0$0
JANE FEDOROWICZ
PROFESSOR$330,651$0$3,000$0$3,825$0$28,000$0$19,571$0$385,047$0$0$0
ROY WIGGINS III
FORMER INTERIM CO-PROVOST/DEAN$174,706$0$0$0$155,576$0$28,000$0$20,686$0$378,968$0$0$0
RANI HOITASH
PROFESSOR$322,063$0$6,000$0$2,661$0$28,000$0$19,592$0$378,316$0$0$0
CAROLINA FIGUEROA
VP, FOR ENROLLMENT MANAGEMENT$298,676$0$24,000$0$2,054$0$28,000$0$20,585$0$373,315$0$0$0
MICHAEL PAGE
FORMER VP ACA AFF/PROVOST$331,789$0$0$0$5,308$0$28,000$0$6,659$0$371,756$0$0$0
GOPAL KRISHNAN
PROFESSOR$318,635$0$0$0$4,958$0$28,000$0$20,088$0$371,681$0$0$0
J ANDREW SHEPARDSON
VP FOR STUD AFFAIRS & DEAN$280,952$0$12,000$0$10,971$0$28,000$0$19,603$0$351,526$0$0$0
ROBERT WITTSTEIN
VP AND CIO$304,153$0$12,000$0$4,233$0$28,000$0$1,174$0$349,560$0$0$0
JUDITH MALONE
VP/GENERAL COUNSEL & SECRETARY$280,154$0$12,000$0$4,958$0$28,000$0$18,602$0$343,714$0$0$0
PIERRE BERTHON
PROFESSOR$309,769$0$0$0$2,317$0$24,276$0$6,974$0$343,336$0$0$0
GLORIA C LARSON
FORMER PRESIDENT$294,587$0$0$0$4,020$0$28,000$0$9,894$0$336,501$0$298,607$0
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN$146,564$0$0$0$139,077$0$27,162$0$19,641$0$332,444$0$0$0
NANCY ANTUNES
FORMER INTERIM CFO$232,155$0$9,500$0$2,035$0$24,030$0$20,527$0$288,247$0$0$0
VALERIE FOX
VP AND CMO$159,212$0$12,000$0$85,958$0$16,657$0$13,398$0$287,225$0$0$0
GEORGE CANGIANO
VP, HUMAN RESOURCES$235,301$0$3,000$0$1,499$0$22,453$0$19,568$0$281,821$0$0$0
KENNETH CODY
FORMER VP-FINANCE/TREASURER$204,207$0$0$0$1,554$0$21,231$0$10,342$0$237,334$0$205,761$0
CHRISTOPHER J JOYCE
VP MARKETING & COMMUNICATION$197,205$0$12,000$0$1,122$0$19,892$0$7,080$0$237,299$0$0$0
JOSHUA BRAND
VP FOR EXT RELATIONS$160,561$0$50,000$0$1,203$0$15,000$0$9,787$0$236,551$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AFOR THE CONVENIENCE OF THE UNIVERSITY, THE UNIVERSITY PROVIDES ON-CAMPUS HOUSING FOR ITS PRESIDENT. ESTIMATED ANNUAL RENTAL CHARGES ARE $48,965. THIS COST IS ALLOCATED TO THE PRESIDENT AS A NON-TAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN(D). IN ADDITION, ESTIMATED PERSONAL COSTS RELATED TO HOUSE SERVICES ARE INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. DURING THE YEAR, THE UNIVERSITY PROVIDED CAR SERVICES TO THE CURRENT AND FORMER 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. FROM TIME TO TIME, THE UNIVERSITY MAY PROVIDE CERTAIN PAYMENTS THAT HAVE BEEN GROSSED-UP FOR TAX PURPOSES. FOR CALENDAR YEAR 2019, LYNNE ROSANSKY WAS THE ONLY INDIVIDUAL TO HAVE SUCH A PAYMENT. THIS AMOUNT IS INCLUDED IN HER TAXABLE INCOME. 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. PART I, LINE 4A LYNNE ROSANSKY AND VALARIE FOX RECEIVED SEVERENCE PAYMENTS OF $176,631 AND $83,975, RESPECTIVELY, DURING THE YEAR. THESE PAYMENTS ARE INCLUDED IN THEIR OTHER REPORTABLE COMPENSATION IN PART II.
PART I, LINE 7NON-FIXED PAYMENTS BONUSES ARE AWARDED TO VICE PRESIDENTS BASED ON RECOMMENDATIONS MADE BY THE PRESIDENT AND ARE APPROVED BY THE COMPENSATION COMMITTEE WITH THE RATIONALE BASED UPON HER ASSESSMENT OF THE INDIVIDUAL'S PERFORMANCE. NANCY ANTUNES, JANE FEDOROWICZ, AND RANI HOITASH ALSO RECEIVED BONUS PAYMENTS DURING THE YEAR BASED ON RECOMMENDATION MADE BY MANAGEMENT AND APPROVED BY A VICE PRESIDENT. PURSUANT TO HER EMPLOYMENT CONTRACT, THE PRESIDENT'S EMPLOYMENT AGREEMENT DOES NOT CONTEMPLATE BONUS COMPENSATION BASED UPON PERFORMANCE.
PART IIGLORIA LARSON HAS A ONE YEAR ADMINISTRATIVE SABBATICAL IN HER EMPLOYMENT CONTRACT, BEGINNING UPON RETIREMENT. MS. LARSON RETIRED EFFECTIVE JUNE 30, 2018. THE AMOUNT OF HER SABBATICAL WAS PREVIOUSLY REPORTED AS OTHER DEFERRED COMPENSATION. AS A RESULT, THE AMOUNTS PAID FROM HER SABBATICAL HAVE BEEN REPORTED IN PART II, COLUMN F. KENNETH CODY HAS A SIX MONTH ADMINISTRATIVE SABBATICAL IN HIS EMPLOYMENT CONTRACT, BEGINNING UPON RETIREMENT. MR. CODY RETIRED EFFECTIVE DECEMBER 31, 2018. THE AMOUNT OF HIS SABBATICAL WAS PREVIOUSLY REPORTED AS OTHER DEFERRED COMPENSATION. AS A RESULT, THE AMOUNTS PAID FROM HIS SABBATICAL HAVE BEEN REPORTED IN PART II, COLUMN F. ROY WIGGINS III AND DANIEL EVERETT RECEIVED SABBATICAL PAYMENTS DURING THE YEAR. THE AMOUNTS PAID ARE REPORTED IN THEIR RESPECTIVE TAXABLE INCOMES IN PART II, COLUMN B(III).

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MDFA SERIES 2010
A04343181457583R2N42010-09-16$41,816,878REFUNDING SERIES J 1998Yes (true)falsefalse
MDFA SERIES 2013B
B0434318140000000002013-12-10$37,157,000REFINANCINGfalsefalsefalse
MDFA SERIES 2013A
C0434318140000000002013-12-10$71,143,000REFINANCING/CAPITAL PROJECTSfalsefalsefalse
MDFA SERIES 2016
D04343181457584XKJ92016-03-06$40,434,302RENOVATE JENNISON & RES HALLSfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$14,105,000$21,080,000$41,816,878$0$0$0$454,697$0$0$0$41,362,181$02010Yes (true)falseYes (true)Yes (true)
B$0$0$37,157,000$0$0$0$0$0$0$0$37,157,000$02013Yes (true)falseYes (true)Yes (true)
C$11,600,000$0$71,143,000$0$0$0$504,913$0$0$11,013,906$59,624,181$02015Yes (true)falseYes (true)Yes (true)
D$0$0$40,434,302$0$0$0$434,302$0$0$40,000,000$0$0falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdPrivate Bus Use By OthersPrivateBusUseByOthersPctOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0
B0.00550falseYes (true)Yes (true)Yes (true)false0.00550falsefalsefalseYes (true)
C0.01020falseYes (true)Yes (true)Yes (true)false0.01020falsefalsefalseYes (true)
D0falseYes (true)Yes (true)Yes (true)falsefalsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalsefalseYes (true)falsefalsefalsefalse0falseYes (true)
0
BfalsefalseYes (true)falseYes (true)falsefalse0falseYes (true)
0
CfalsefalseYes (true)Yes (true)Yes (true)falsefalse0falseYes (true)
0
DfalsefalseYes (true)Yes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, LINE 2FormAndLineReferenceDesc
ExplanationCOLUMN A AND B - MDFA SERIES 2010 AND MDFA SERIES 2013B THE MDFA SERIES 2010 AND MDFA SERIES 2013B BOND ISSUES MEET THE 6-MONTH EXCEPTION OF THE REBATE REQUIREMENT, AS THE GROSS PROCEEDS FROM BOTH BOND ISSUES WERE SPENT WITHIN 6 MONTHS OF THE ISSUE DATES. COLUMN C - MDFA SERIES 2013A THE MDFA SERIES 2013A WAS COMPRISED OF BOTH A PARTIAL REFUNDING AND A PARTIAL ISSUE OF NEW DEBT. THE REFUNDING PORTION OF THE BOND MEETS THE 6-MONTH EXCEPTION OF THE REBATE REQUIREMENT, AS THE GROSS PROCEEDS WERE SPENT WITHIN 6 MONTHS OF THE ISSUE DATE. THE FIRST REBATE CALCULATION FOR THE NEW MONEY PORTION WAS PERFORMED ON AUGUST 15, 2019. COLUMN D - MDFA SERIES 2016 THE FIRST REBATE CALCULATION FOR THE MDFA SERIES 2016 BOND ISSUE WAS PERFORMED ON SEPTEMBER 14, 2020. COLUMN A (PAGE CONTINUES) - MDFA SERIES 2017 THE FIRST REBATE CALCULATION FOR THE MDFA SERIES 2017 BOND ISSUE WAS PERFORMED ON OCTOBER 7, 2020.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MDFA SERIES 2017BusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN043431814BondIssuerEIN
CUSIP57584X5UICUSIPNum
Bond Issued2017-12-21BondIssuedDt
Issue Price$22,901,422IssuePriceAmt
PurposeREFUNDING MDFA SERIES 2010PurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$22,901,422TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$0CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$332,544IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$0CapitalExpendituresAmt
Other Spent Proceeds$22,568,878OtherSpentProceedsAmt
Unspent$0UnspentAmt
Substantial Completion2018SubstantialCompletionYr
Refunding Tax Exempt BondsYes (true)RefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsYes (true)AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropYes (true)MgmtContractBondFincdPropInd
Engage Bond Counsel ContractsYes (true)EngageBondCounselContractsInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Private Bus Use By Others0PrivateBusUseByOthersPct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Remedial Action TakenfalseRemedialActionTakenInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetYes (true)RebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

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

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution29ContributionCnt
Noncash Contributions Rpt F990$452,645NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceNONCASH CONTRIBUTIONSFormAndLineReferenceDesc
ExplanationPART I, LINE 9 AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 990, PART I, LINE 1 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. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 Bentley University is more than just one of the nation's top business schools. It is a lifelong-learning community that creates successful leaders who make business a force for positive change. With a combination of business and the arts and sciences and a flexible, personalized approach to education, Bentley provides students with critical thinking and practical skills that prepare them to lead successful, rewarding careers. Founded in 1917, the university enrolls 4,200 undergraduate and 1,000 graduate and PhD students and is set on 163 acres in Waltham, Massachusetts, 10 miles west of Boston. For more information, visit www.bentley.edu. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS AND LISTS INCLUDING U.S. NEWS & WORLD REPORT, PRINCETON REVIEW, AND MANY OTHER NATIONAL PUBLICATIONS. UNDERGRADUATE AND GRADUATE BUSINESS PROGRAMS AT BENTLEY UNIVERSITY ARE ACCREDITED BY AACSB INTERNATIONAL (THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS). THE UNIVERSITY IS ALSO ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (NECHE). THESE ACCREDITATIONS INDICATE THAT BENTLEY UNIVERSITY MEETS OR EXCEEDS ESTABLISHED STANDARDS AS DETERMINED BY PERIODIC AACSB PEER GROUP REVIEWS. IN ADDITION, BENTLEY UNIVERSITY IS ONE OF ONLY THREE BUSINESS SCHOOLS IN THE U.S. AND ABOUT 180 BUSINESS SCHOOLS WORLDWIDE TO EARN EQUIS ACCREDITATION, WHICH IS ADMINISTERED BY THE EUROPEAN FOUNDATION FOR MANAGEMENT DEVELOPMENT (EFMD). EQUIS IS THE LEADING INTERNATIONAL SYSTEM OF QUALITY ASSESSMENT, IMPROVEMENT, AND ACCREDITATION OF HIGHER EDUCATION INSTITUTIONS IN MANAGEMENT AND BUSINESS ADMINISTRATION.
FORM 990 REVIEW PROCESSFORM 990, PART VI, SECTION B, LINE 11 A FULL AND COMPLETE COPY OF THE FORM 990 AND ALL ITS ACCOMPANYING SCHEDULES WAS SENT ELECTRONICALLY TO THE UNIVERSITY'S TRUSTEE AUDIT COMMITTEE IN APRIL FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW IN EARLY MAY, THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS.
CONFLICT OF INTEREST POLICYFORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT 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 OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY.
COMPENSATION POLICYFORM 990, PART VI, SECTION B, LINE 15 Compensation arrangements for the president and all officers are reviewed and approved, in advance of any payment, 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 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.
PUBLIC DISCLOSUREFORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S PRINCIPAL GOVERNING DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION AND BY-LAWS, ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND THEREFORE AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE POSTED ON 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 DO INCLUDE A FOOTNOTE DISCUSSING RELATED-PARTY TRANSACTIONS. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST. ACTING PRESIDENT START DATE FORM 990, PART VII, SECTION A, LINE 30 EFFECTIVE 6/13/2020, J. PAUL CONDRIN III BECAME THE ACTING PRESIDENT OF THE UNIVERSITY.
OTHER CHANGES IN NET ASSETS OR FUND BALANCESFORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $( 6,534,000) OTHER NONOPERATING ACTIVITIES $( 965,000) VOLUNTARY RETIREMENT COST $( 5,040,000) TOTAL $(12,539,000)

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER ANNUITY TRUST (2)
175 FOREST STREETWALTHAMMA02452CRATMABENTLEYTrustYes (true)
CHARITABLE REMAINDER ANNUITY TRUST (5)
175 FOREST STREETWALTHAMMA02452CRUTMABENTLEYTrustYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd