2021-03-09T02:41:06-00:00 2020-06-30 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2019-07-01 560532296 Bennett College BENN 3365172100 900 E Washington Street Greensboro NC 27401 Suzanne Walsh President 2021-03-03 true Dane Alexander 4048740555 2021-03-03 2019 2022-09-23 18:48:47Z Suzanne Walsh 900 East Washington Street Greensboro NC 27401 15339187 false X www.bennett.edu X 1905 NC The mission of the College is to prepare students personally, socially and intellectually to effectively function in a changing global society. 13 13 281 28 0 14706190 7010792 11462303 7479677 26788 28642 611522 820076 26806803 15339187 4136509 2765687 0 855446 982844 58088 0 484448 16697796 15073106 21747839 18821637 5058964 -3482450 54526958 51386635 35157184 35499311 19369774 15887324 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. false false 10919005 2765687 5614998 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 1509993 1864679 Auxiliary Enterprise supports the Colleges mission of providing quaility educational opportunities. These services include, but are not limited to food services, campus housing, postal services, parking, vending, campus stores and athletics. 12428998 true true false false false false false true false true true false true false true true true false true false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false true 715 0 281 true false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false NC X Suzanne Walsh 3365172100 900 E Washington Street Greensboro NC 27401 Dr Suzanne Walsh President 040.00 001.00 X X 221434 0 0 Ms Bonita Sherrod Interim Controller/Associate Vice President, Business Finance 040.00 001.00 X 137702 0 0 Mr LaDaniel Gatling II Vice President, Institutional Advancement 040.00 001.00 X 110623 0 1106 Dr Phyllis Worthy Dawkins Former President X 110877 0 0 Ms Catherine Hurd Vice President, Enrollment Management Student Experience 040.00 001.00 X 97782 0 492 Dr Michelle Linster Provost Vice President, Academic Affairs 040.00 001.00 X 76076 0 622 Mr James Hastings Vice President, Finance and Business Operations 040.00 001.00 X 68322 0 300 Dr Gwendolyn O'Neal Chief Operating Officer 040.00 001.00 X 60000 0 0 Ms Anna Hayes Senior Advisor Associate VP for Administrative Services 040.00 001.00 X 48936 0 452 Ms Latonya Flamer Associate Vice President, Business and Finance/Controller 040.00 001.00 X 17869 0 0 Ms Jawnita Boyd Controller 040.00 001.00 X 12565 0 92 Ms Gisele Abron Associate Vice President, Enrollment Management 040.00 001.00 X 10491 0 105 Dr Lorraine Acker Associate Vice President, Student Affairs 040.00 001.00 X 6936 0 62 Dr James Anderson Trustee 001.00 001.00 X 0 0 0 Rev Dr Henry Donnell FitzJeffries Trustee 001.00 001.00 X 0 0 0 Dr Charlene Green Trustee 001.00 001.00 X 0 0 0 Ms Susie Johnson Secretary 001.00 001.00 X X 0 0 0 Mrs Kwanza Jones Trustee 001.00 001.00 X 0 0 0 Senator Gladys Ashe Robinson PhD Chairperson 001.00 001.00 X X 0 0 0 Dr Mark Milliron Trustee 001.00 001.00 X 0 0 0 Mr Charles E Coote Jr Trustee 001.00 001.00 X 0 0 0 Mr Michael Godette Trustee 001.00 001.00 X 0 0 0 Dr Prenard R Mickens Vice Chairperson 001.00 001.00 X X 0 0 0 Ms Kimberly Jessup Ripberger Treasurer 001.00 001.00 X X 0 0 0 Mrs Natalie Renee Parker Trustee 001.00 001.00 X 0 0 0 Ms LaNella Smith Trustee 001.00 001.00 X 0 0 0 979613 3231 4 true true false Mechanical Maintenance Inc 6028 Liberty Road Climax NC 27233 Construction Contractor 255596 Sodexo Inc & Affiliates P O Box 536922 Atlanta GA 303536922 Facilities/ Food Service 2341565 Alston & Bird LLP 1201 West Peachtree Street Atlanta GA 30309 Legal Services 940128 CliftonLarsonAllen LLP 220 South 6th Street Suite 300 Minneapolis MN 55402 Accounting Services 524780 The Banks Law Firm PA P O Box 14350 Research Triangle Park NC 277094350 Legal Services 199313 14 5065861 1944931 7010792 Tuition and Fees 611600 5614998 5614998 Sales and Services of Auxiliary Enterprises 611710 1864679 1864679 7479677 28642 28642 Other Income 900099 9897 9897 Investment return appropriated for operations 900099 810179 810179 820076 15339187 8328395 0 2765687 2765687 0 0 982844 982844 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 4016089 4016089 Academic Support 2345212 1899315 445897 Student Services 1431541 1431541 Institutional Support 5770271 806373 4479450 484448 1509993 1509993 18821637 12428998 5908191 484448 5034181 2925502 261384 677595 688740 568309 1169636 948728 5881 13248 2110755 2407755 66175352 38393478 29069223 27781874 13445337 13321803 2741821 2741821 54526958 51386635 1405396 877559 118825 865084 26315418 26315416 7317545 7441252 35157184 35499311 X 5955169 2065482 13414605 13821842 19369774 15887324 54526958 51386635 X -3482450 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 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 12022770 151105 -194607 395645 111766 11471857 0.99000 0.01000 false false false 4116095 4116095 47556453 30809884 16746569 11760983 5887344 5873639 2741821 1696250 1045571 27781874 Financial derivatives and other financial products Closely-held equity interests Art Collection 2741821 F 2741821 Federal income taxes Advances from Federal Government for Student Loans Due to Temporarily Restricted Funds X 15339187 15339187 15339187 18821637 18821637 18821637 III 4 The campus of Bennett College is home to a host of historical documents, civil rights artifacts and urban treasures. Many of the items are on display for public exhibition, but also for the education of future generations of college students. V 4 The endowment funds shown are considered permanently restricted. The College does not intend to use the funds. X 2 The Colleges 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, 2020. Accordingly, no liability has been accrued. true true true true true true true false false false false false false false false true false true 6a The College offers scholarships and student financial aid to assist with meeting the students 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. false Privately Funded Student Scholarships 244 2765687 Part III Line 1 All scholarships are awarded based upon specific criteria maintained by the financial aid office. Requirements for receiving scholarships depend upon other factors, such as grade point average, family income or economic need. The Colleges financial aid staff monitors the eligibility guidelines to ensure compliance. The College undergoes the Uniform Guidance audit annually. X true true X X X X true false false false false false false false false Dr Suzanne Walsh President 201875 19559 221434 Dr Phyllis Worthy Dawkins Former President 110877 110877 A Rice Capital Access Program LLC 270443193 2009-09-25 9695000 B Rice Capital Access Program LLC 270443193 2009-09-25 11305000 C Rice Capital Access Program LLC 270443193 2010-06-30 9500000 A 9693920 484695 237897 8971328 false false true true B 11192663 559632 277404 10355627 false false true true C 9500000 361883 194340 8943777 true false true true A false false false false true B false false false false true C false false false false true A false false true true false false false false true B false false true true true false false false true C false false true true false false false false true A true B true C true Form 990, Part VI, Section B, Line 11b The Colleges policy is that the Audit Committee of the Board of Trustees review the Internal Revenue Service Form 990 that is filed on the Colleges behalf before it is filed with the Internal Revenue Service. An approved motion or agreement by the Board of Trustees is required in order for the Form 990 to be filed. Internal Revenue Service 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 members business mailing address or email address. The results of the review and subsequent actions regarding Internal Revenue Service Form 990 shall be recorded in the official meeting minutes of the College. Form 990, Part VI, Section B, Line 12c The College provides the conflict of interest statement to the board members at the annual meeting. Board members will be required to complete a statement, which will be maintained in individual members files. Form 990, Part VI, Section B, Line 15a The compensation of the President was based on recommendations from an executive search firm. The employment contract was reviewed and approved by the Chair of the Board. Form 990, Part VI, Section B, Line 15b 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 Colleges website. Financial statements are available to the public upon request. To obtain a copy, contact the business office and submit a request. Form 990, Part XI, Line 5 The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year.