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BENTLEY UNIVERSITY: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-10
IRS object ID
201901309349303465
Schema version
2017v2.3
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)
Return2019-05-10T11:40:22-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

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 Begin2017-07-01TaxPeriodBeginDt

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
Signature2019-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHYAMALEE JOSEPHPreparerPersonNm
PTINP01085371PTIN
Phone6179881000PhoneNum
Preparation2019-05-09PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.102.5IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id04502320191305000001FederalOriginalSubmissionId
Federal Original Submission Id2019-05-10FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1D210D884DC4702CA0C83F60B1FF5F96292C00F6AtSubmissionCreationDeviceId
At Submission Filing Device Id1D210D884DC4702CA0C83F60B1FF5F96292C00F6AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

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$333,671,196GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BENTLEY.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1917FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS BY CREATING AND DISSEMINATING IMPACTFUL KNOWLEDGE.ActivityOrMissionDesc
Voting Members Governing Body24VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee2928TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI$866,082TotalGrossUBIAmt
PY Contributions Grants$8,993,000PYContributionsGrantsAmt
CY Contributions Grants$7,672,000CYContributionsGrantsAmt
PY Program Service Revenue$278,977,000PYProgramServiceRevenueAmt
CY Program Service Revenue$293,333,000CYProgramServiceRevenueAmt
PY Investment Income$7,571,746PYInvestmentIncomeAmt
CY Investment Income$11,753,570CYInvestmentIncomeAmt
PY Other Revenue$1,744,000PYOtherRevenueAmt
CY Other Revenue$2,837,000CYOtherRevenueAmt
PY Total Revenue$297,285,746PYTotalRevenueAmt
CY Total Revenue$315,595,570CYTotalRevenueAmt
PY Grants And Similar Paid$78,690,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$86,845,980CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$124,254,628PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$132,133,014CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$17,672CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,424,016CYTotalFundraisingExpenseAmt
PY Other Expenses$87,292,018PYOtherExpensesAmt
CY Other Expenses$88,599,530CYOtherExpensesAmt
PY Total Expenses$290,236,646PYTotalExpensesAmt
CY Total Expenses$307,596,196CYTotalExpensesAmt
PY Revenues Less Expenses$7,049,100PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$7,999,374CYRevenuesLessExpensesAmt
Total Assets BOY$637,582,000TotalAssetsBOYAmt
Total Assets EOY$652,580,000TotalAssetsEOYAmt
Total Liabilities BOY$252,106,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$235,799,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$385,476,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$416,781,000NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS BY CREATING AND DISSEMINATING IMPACTFUL KNOWLEDGE WITHIN AND ACROSS BUSINESS AND THE ARTS AND SCIENCES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$137,263,294ExpenseAmt
Grant$86,845,980GrantAmt
Revenue$237,055,000RevenueAmt
Desc*INSTRUCTION* 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$42,421,000ExpenseAmt
Revenue$56,278,000RevenueAmt
Desc*AUXILIARY 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

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$38,043,000ExpenseAmt
Revenue$2,837,000RevenueAmt
Desc*STUDENT SERVICES* OUR MORE THAN 100 STUDENT ORGANIZATIONS PROVIDE COUNTLESS OPPORTUNITIES FOR INVOLVEMENT, LEARNING AND LEADERSHIP. THE OFFICE OF STUDENT ACTIVITIES, WORKING WITH THE ASSOCIATION OF BENTLEY ACTIVITIES (ABA), HELPS RECOGNIZE, SUPPORT AND MANAGE ALL OF OUR STUDENT ORGANIZATIONS AND VIBRANT COMMUNITY OF STUDENT LEADERS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$20,155,000TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$237,882,294TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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 Document6196IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2928EmployeeCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
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
Phone7818912686PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (39 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
STEVEN MANFREDI
CHAIRMAN10.00.0Yes (X)Yes (X)$0$0$0
ROBERT P BADAVAS
VICE CHAIRMAIN8.00.0Yes (X)Yes (X)$0$0$0
ROBERT E ALAN
TRUSTEE2.00.0Yes (X)$0$0$0
THOMAS P ALBER
TRUSTEE1.00.0Yes (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
TRUSTEE2.00.0Yes (X)$0$0$0
STEVEN L DELVECCHIO
TRUSTEE1.00.0Yes (X)$0$0$0
CYNTHIA M DEYSHER
TRUSTEE2.00.0Yes (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
TRUSTEE1.00.0Yes (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
TRUSTEE2.00.0Yes (X)$0$0$0
FRANCIS F KINGSLEY
TRUSTEE1.00.0Yes (X)$0$0$0
DEBORAH A LEITCH
TRUSTEE2.00.0Yes (X)$0$0$0
I NORMAN MASSRY
TRUSTEE1.00.0Yes (X)$0$0$0
SUSAN G O'CONNELL
TRUSTEE1.00.0Yes (X)$0$0$0
MELANIE OTERO
TRUSTEE1.00.0Yes (X)$0$0$0
NICKOLAS STAVROPOULAS
TRUSTEE1.00.0Yes (X)$0$0$0
DAVID H WEENER
TRUSTEE1.00.0Yes (X)$0$0$0
BRIAN T ZINO
TRUSTEE2.00.0Yes (X)$0$0$0
GLORIA C LARSON
PRESIDENT/TRUSTEE65.00.0Yes (X)Yes (X)$692,407$0$746,693
KENNETH CODY
VP FOR ADMIN & FIN/TREASURER40.00.0Yes (X)$411,323$0$217,258
CAROLINA FIGUEROA
VP FOR ENROLLMENT MANAGEMENT40.00.0Yes (X)$300,307$0$55,933
LYNNE ROSANSKY
INTERIM PROVOST/VP ACAD AFFAIR40.00.0Yes (X)$235,000$0$0
J ANDREW SHEPARDSON
VP FOR STUDENT AFFAIRS40.00.0Yes (X)$275,981$0$34,468
JUDITH MALONE
GENERAL COUNSEL & SECRETARY40.00.0Yes (X)$258,126$0$46,983
MAUREEN FLORES
VP FOR ADVANCEMENT40.00.0Yes (X)$299,487$0$50,819
JEAN BEDARD
PROFESSOR40.00.0$387,039$0$58,820Yes (X)
M LYNNE MARKUS
PROFESSOR40.00.0$374,565$0$36,697Yes (X)
ROBERT WITTSTEIN
CHIEF INFORMATION OFFICER40.00.0$308,091$0$29,070Yes (X)
GOPAL KRISHNAN
PROFESSOR40.00.0$305,574$0$52,141Yes (X)
KARTIK RAMAN
PROFESSOR40.00.0$302,770$0$47,625Yes (X)
ROY WIGGINS III
FORMER INTERIM CO-PROVOST/DEAN40.00.0$346,329$0$45,513Yes (X)
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN40.00.0$299,536$0$54,842Yes (X)
MICHAEL PAGE
FORMER VP ACAD. AFFAIRS & PROV40.00.0$368,254$0$36,697Yes (X)
WILLIAM TORREY
FORMER VP FOR ADVANCEMENT40.00.0$403,595$0$27,149Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,568,384TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,540,708TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K311IndivRcvdGreaterThan100KCnt
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
SIERRA-CEDAR INC
1255 ALDERMAN DRALPHARETTAGA30005CONSULTING$861,222
ARCHITECTURAL RESOURCES CAMBRIDGE
501 BOYLSTON ST 4101BOSTONMA02116ARCHITECT$745,646
INCLINE ALCHEMY
12647 ALCOSTA BLVD SUITE 240SAN RAMONCA94583CONSULTING$550,000
ERNST YOUNG
50 ROWES WHARFBOSTONMA02110CONSULTING$525,478
SIMPSON GUMPERTZ HEGER INC
41 SEYON STREET BUILDING 1 SUITEWALTHAMMA02453CONSULTING$447,189
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K20CntrctRcvdGreaterThan100KCnt
Government Grants$1,297,000GovernmentGrantsAmt
All Other Contributions$6,375,000AllOtherContributionsAmt
Noncash Contributions$970,459NoncashContributionsAmt
Total Contributions$7,672,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$237,055,000$237,055,000
AUXILIARY900099$55,479,977$54,260,006$1,219,971
CONFERENCE SERVICES721000$711,928$711,928
NATATORIUM USE713940$86,095$86,095
FieldValueIRS element (for citing)
Total Program Service Revenue$293,333,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,778,196TotalRevenueColumnAmt
Unrelated Business Revenue$4,033UnrelatedBusinessRevenueAmt
Exclusion$2,774,163ExclusionAmt

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$27,051,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$18,075,626SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$8,975,374SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,975,374TotalRevenueColumnAmt
Unrelated Business Revenue$64,026UnrelatedBusinessRevenueAmt
Exclusion$8,911,348ExclusionAmt
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$2,837,000TotalRevenueColumnAmt
Related Or Exempt Func Income$2,837,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,837,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$315,595,570TotalRevenueColumnAmt
Related Or Exempt Func Income$294,152,006RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$866,082UnrelatedBusinessRevenueAmt
Exclusion$12,905,482ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$43,980TotalAmt
Program Services$43,980ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$83,826,749TotalAmt
Program Services$83,826,749ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,975,251TotalAmt
Program Services$2,975,251ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,918,965TotalAmt
Program Services$278,635ProgramServicesAmt
Management And General$2,404,020ManagementAndGeneralAmt
Fundraising$236,310FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$102,190,557TotalAmt
Program Services$77,746,268ProgramServicesAmt
Management And General$21,703,719ManagementAndGeneralAmt
Fundraising$2,740,570FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,388,350TotalAmt
Program Services$5,074,134ProgramServicesAmt
Management And General$1,593,809ManagementAndGeneralAmt
Fundraising$720,407FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,150,422TotalAmt
Program Services$9,324,700ProgramServicesAmt
Management And General$2,686,037ManagementAndGeneralAmt
Fundraising$1,139,685FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,484,720TotalAmt
Program Services$4,824,261ProgramServicesAmt
Management And General$1,483,392ManagementAndGeneralAmt
Fundraising$177,067FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,804,954TotalAmt
Program Services$494,288ProgramServicesAmt
Management And General$1,310,666ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$385,081TotalAmt
Program Services$59,540ProgramServicesAmt
Management And General$325,541ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$271,663TotalAmt
Management And General$271,663ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$11,818TotalAmt
Management And General$11,818ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$17,672TotalAmt
Fundraising$17,672FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,569,196TotalAmt
Management And General$2,569,196ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,126,530TotalAmt
Program Services$3,763,056ProgramServicesAmt
Management And General$2,094,108ManagementAndGeneralAmt
Fundraising$269,366FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,737,332TotalAmt
Program Services$2,490,389ProgramServicesAmt
Management And General$166,918ManagementAndGeneralAmt
Fundraising$80,025FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,929,840TotalAmt
Program Services$4,392,061ProgramServicesAmt
Management And General$1,369,099ManagementAndGeneralAmt
Fundraising$168,680FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,236,407TotalAmt
Program Services$1,866,662ProgramServicesAmt
Management And General$1,297,677ManagementAndGeneralAmt
Fundraising$72,068FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$13,862,348TotalAmt
Program Services$13,475,937ProgramServicesAmt
Management And General$381,245ManagementAndGeneralAmt
Fundraising$5,166FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$937,906TotalAmt
Program Services$661,857ProgramServicesAmt
Management And General$96,061ManagementAndGeneralAmt
Fundraising$179,988FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,364,747TotalAmt
Program Services$3,896,133ProgramServicesAmt
Management And General$1,223,620ManagementAndGeneralAmt
Fundraising$244,994FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,892,067TotalAmt
Program Services$2,753,050ProgramServicesAmt
Management And General$4,139,017ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$21,399,272TotalAmt
Program Services$9,556,818ProgramServicesAmt
Management And General$11,842,454ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$771,831TotalAmt
Program Services$93,168ProgramServicesAmt
Management And General$678,663ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PURCHASED SERVICES$9,335,295$4,988,752$4,036,661$309,882
LEASING$1,011,775$933,928$73,745$4,102
STUDY ABROAD$3,868,964$3,868,964
OTHER$2,082,504$493,713$1,530,757$58,034

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$307,596,196TotalAmt
Program Services$237,882,294ProgramServicesAmt
Management And General$63,289,886ManagementAndGeneralAmt
Fundraising$6,424,016FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$60,058,000BOYAmt
EOY$36,634,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,541,552BOYAmt
EOY$2,836,737EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,155,986BOYAmt
EOY$1,189,007EOYAmt

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$6,463,000BOYAmt
EOY$5,621,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,014,371BOYAmt
EOY$2,018,025EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$540,378,803LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$230,298,056LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$287,985,000BOYAmt
EOY$310,080,747EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$200,273,695BOYAmt
EOY$216,808,697EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$71,548,305BOYAmt
EOY$72,786,052EOYAmt

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$5,542,091BOYAmt
EOY$4,605,735EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$637,582,000BOYAmt
EOY$652,580,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$33,461,000BOYAmt
EOY$28,634,000EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,095,000BOYAmt
EOY$7,077,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$174,307,000BOYAmt
EOY$170,679,000EOYAmt

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$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$37,243,000BOYAmt
EOY$29,409,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$252,106,000BOYAmt
EOY$235,799,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$271,300,000BOYAmt
EOY$295,662,000EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$63,836,000BOYAmt
EOY$68,561,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,340,000BOYAmt
EOY$52,558,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$385,476,000BOYAmt
EOY$416,781,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$637,582,000BOYAmt
EOY$652,580,000EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$7,999,374ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$16,436,626NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$6,869,000OtherChangesInNetAssetsAmt
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$8,412,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,741,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,194,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,993,000CurrentTaxYearMinus1YearAmt
Current Tax Year$7,672,000CurrentTaxYearAmt
Total$39,012,000TotalAmt

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$8,412,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,741,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,194,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,993,000CurrentTaxYearMinus1YearAmt
Current Tax Year$7,672,000CurrentTaxYearAmt
Total$39,012,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$950,833SubstantialContributorsTotAmt
Public Support Total170$38,061,167PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,142,884CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,361,580CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,134,178CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,741,646CurrentTaxYearMinus1YearAmt
Current Tax Year$2,774,163CurrentTaxYearAmt
Total$16,154,451TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$37,467CurrentTaxYearMinus3YearsAmt
Current Tax Year$56,024CurrentTaxYearAmt
Total$93,491TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,570,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,386,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,395,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,744,000CurrentTaxYearMinus1YearAmt
Current Tax Year$2,837,000CurrentTaxYearAmt
Total$8,932,000TotalAmt
FieldValueIRS element (for citing)
Total Support$64,191,942TotalSupportAmt
Gross Receipts Rltd Activities$1,359,632,303GrossReceiptsRltdActivitiesAmt
Public Support CY1700.59293PublicSupportCY170Pct
Public Support PY1700.60170PublicSupportPY170Pct
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$11,818OtherActivitiesAmt
Total Lobbying Expenditures$11,818TotalLobbyingExpendituresAmt
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 $11,818 FOR THE YEAR ENDED JUNE 30, 2018.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$279,965AssetsIncludedAmt
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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$258,462,000BeginningYearBalanceAmt
Contributions$2,083,000ContributionsAmt
Investment Earnings Or Losses$5,827,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,530,302GrantsOrScholarshipsAmt
Other Expenditures$7,211,698OtherExpendituresAmt
End Year Balance$256,630,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$217,933,000BeginningYearBalanceAmt
Contributions$6,821,000ContributionsAmt
Investment Earnings Or Losses$43,058,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,415,681GrantsOrScholarshipsAmt
Other Expenditures$6,934,319OtherExpendituresAmt
End Year Balance$258,462,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.60000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.18000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.22000TermEndowmentBalanceEOYPct
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$454,958,801OtherCostOrOtherBasisAmt
Depreciation$188,494,222DepreciationAmt
Book Value$266,464,579BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,750,815OtherCostOrOtherBasisAmt
Depreciation$41,803,834DepreciationAmt
Book Value$8,946,981BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,798,422OtherCostOrOtherBasisAmt
Book Value$2,798,422BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$310,080,747TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$52,009,700F
PARTNERSHIPS$20,776,352F
FieldValueIRS element (for citing)
Total Book Value Securities$72,786,052TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST RATE SWAP AGREEMENTS$16,154,000
POST RETIREMENT BENEFITS$8,383,000
REFUNDABLE U.S GOVERNMENT GRANTS$4,872,000
FieldValueIRS element (for citing)
Total Liability$29,409,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$336,332,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$16,436,626NetUnrealizedGainsInvstAmt
Other Revenue$6,869,000OtherRevenueAmt
Revenue Not Reported$23,305,626RevenueNotReportedAmt
Revenue Subtotal$313,026,374RevenueSubtotalAmt
Investment Expenses Not Incld$2,569,196InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$2,569,196RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$315,595,570TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$305,027,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$305,027,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,569,196InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$2,569,196ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$307,596,196TotalExpensesPerForm990Amt

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, 2018 OR 2017.
OTHER REVENUES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XI, LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $6,113,000 OTHER NONOPERATING ACTIVITIES $756,000 TOTAL $6,869,000

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 SPECIAL ASSISTANT TO THE PRESIDENT, AT 781.891.2907. 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 (7 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
East Asia and the PacificProgram ServicesSTUDY ABROAD$1,219,696
Europe (Including Iceland and Greenland)Program ServicesSTUDY ABROAD$4,441,677
South AmericaProgram ServicesSTUDY ABROAD$107,883
Sub-Saharan AfricaProgram ServicesSTUDY ABROAD$117,831
Central America and the CaribbeanInvestments$14,639,144
East Asia and the PacificInvestments$608,194
Europe (Including Iceland and Greenland)Investments$1,563,874
FieldValueIRS element (for citing)
Subtotal Spent$22,698,299SubtotalSpentAmt
Total Spent$22,698,299TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIP ASSISTANCEEast Asia and the Pacific49$626,695ACCT CREDIT
SCHOLARSHIP ASSISTANCEEurope (Including Iceland and Greenland)172$2,274,061ACCT CREDIT
SCHOLARSHIP ASSISTANCESub-Saharan Africa2$40,800ACCT CREDIT
SCHOLARSHIP ASSISTANCESouth America2$33,695ACCT 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 WHO WISH TO STUDY ABROAD. THESE AMOUNTS ARE APPLIED TO THE STUDENT'S ACCOUNT AND ARE USED TO OFFSET HIS OR HER COST OF THE PROGRAM. THE STUDENT DOES NOT DIRECTLY RECEIVE THIS ASSISTANCE.
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
MA CONFERENCE FOR WOMEN
PO BOX 55071BOSTONMA02205202699177501(C)(3)$25,000SPONSORSHIP
The Greater Boston Chamber of Commerce
265 Franklin St 1700BostonMA02110041103090501(c)(6)$14,500SPONSORSHIP
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP ASSISTANCEGrantTypeTxt
Recipient3342RecipientCnt
Cash Grant$83,826,749CashGrantAmt

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 AND THE GREATER BOSTON CHAMBER OF COMMERCE. THESE ENTITIES PROVIDE OPPORTUNITIES FOR BUSINESS NETWORKING, PROFESSIONAL DEVELOPMENT, EDUCATION, AND PERSONAL GROWTH FOR WOMEN. PART III 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
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 PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 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
GLORIA C LARSON
PRESIDENT/TRUSTEE$540,304$0$140,000$0$12,103$0$673,728$0$72,965$0$1,439,100$0$0$0
KENNETH CODY
VP FOR ADMIN & FIN/TREASURER$377,166$0$30,000$0$4,157$0$205,990$0$11,268$0$628,581$0$0$0
CAROLINA FIGUEROA
VP FOR ENROLLMENT MANAGEMENT$283,542$0$15,000$0$1,765$0$27,000$0$28,933$0$356,240$0$0$0
LYNNE ROSANSKY
INTERIM PROVOST/VP ACAD AFFAIR$235,000$0$0$0$0$0$0$0$0$0$235,000$0$0$0
J ANDREW SHEPARDSON
VP FOR STUDENT AFFAIRS$243,958$0$30,000$0$2,023$0$24,586$0$9,882$0$310,449$0$0$0
JUDITH MALONE
GENERAL COUNSEL & SECRETARY$233,735$0$20,000$0$4,391$0$23,971$0$23,012$0$305,109$0$0$0
MAUREEN FLORES
VP FOR ADVANCEMENT$259,916$0$10,000$0$29,571$0$27,000$0$23,819$0$350,306$0$0$0
ROY WIGGINS III
FORMER INTERIM CO-PROVOST/DEAN$341,771$0$0$0$4,558$0$27,000$0$18,513$0$391,842$0$0$0
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN$294,142$0$0$0$5,394$0$27,000$0$27,842$0$354,378$0$0$0
MICHAEL PAGE
FORMER VP ACAD. AFFAIRS & PROV$363,935$0$0$0$4,319$0$27,000$0$9,697$0$404,951$0$0$0
WILLIAM TORREY
FORMER VP FOR ADVANCEMENT$300,000$0$30,000$0$73,595$0$27,000$0$149$0$430,744$0$0$0
JEAN BEDARD
PROFESSOR$381,630$0$0$0$5,409$0$27,000$0$31,820$0$445,859$0$0$0
M LYNNE MARKUS
PROFESSOR$365,723$0$3,000$0$5,842$0$27,000$0$9,697$0$411,262$0$0$0
ROBERT WITTSTEIN
CHIEF INFORMATION OFFICER$289,435$0$15,000$0$3,656$0$27,000$0$2,070$0$337,161$0$0$0
GOPAL KRISHNAN
PROFESSOR$301,761$0$0$0$3,813$0$27,000$0$25,141$0$357,715$0$0$0
KARTIK RAMAN
PROFESSOR$298,988$0$2,000$0$1,782$0$25,327$0$22,298$0$350,395$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AThe university provides on campus housing for its president for the convenience of the university; estimated monthly rental charge is $4,000 or $48,000 annually, and is included as a nontaxable benefit in Column D. In addition, estimated personal costs related to house cleaning and cable services for the house are $3,400 and $1,850, respectively, which are included in taxable income. During the year, the University provided a car service to the President to be used for business purposes. The amount paid for commercial car services during calendar year 2017 was $15,600 and is not included in the President's taxable wages as the car service was used only to conduct University business. The University provides a housing allowance to William Torrey. This amount is included in his taxable income. The University will occassionally approve first class travel for Trustees or Officers when the travel is within the guidelines of the University's travel policy.
Non-Fixed PaymentsPart I, Line 7 Pursuant to her employment contract, the President shall be considered annually, by the Compensation Committee of the Board of Trustees, for a bonus with a target of 15% and a maximum of 30% of the base salary. The amount of the bonus shall be determined by the Compensation Committee based on its assessment of the President's performance and that of Bentley University against appropriate goals established annually by the Compensation Committee. The Compensation Committee, in its sole discretion may determine not to award a bonus for any given year. Cody, Figueroa, Shepardson, Malone, Flores, and Torrey received bonus payments. The bonuses are awarded 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. Markus, Wittstein and Raman also received bonus payments during the year based on recommendation made by management and approved by a Vice President.
Part IIDuring the year ended June 30, 2018, Lynne Rosansky served as Interim Provost and Vice President for Academic Affairs pursuant to a contract with Collegiate Enterprise Solutions LLC (CES), an organization specializing in the placement of high-level academic administrators on an interim basis. Amounts reported as compensation to Ms. Rosansky include only the portion of fees paid to CES directly attributable to services performed by Ms. Rosansky and do not include any additional fees to CES paid per the contract. GLORIA LARSON HAS AN ADMINISTRATIVE SABBATICAL UPON RETIREMENT IN HER EMPLOYMENT CONTRACT. MS. LARSON RETIRED AS OF JUNE 30, 2018, AT WHICH POINT THE ONE YEAR SABBATICAL BEGAN. FOR THE YEAR ENDED JUNE 30, 2018, THE AMOUNT OF THE SABBATICAL HAS BEEN REPORTED IN PART II, COLUMN C. KENNETH CODY HAS AN ADMINISTRATIVE SABBATICAL IN HIS EMPLOYMENT CONTRACT. PER AN AMENDED EMPLOYMENT AGREEMENT IN FEBRUARY 2018, THE REMAINDER OF THE ADMINISTRATIVE SABBATICAL IS REPORTED IN PART II, COLUMN C.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MDFA SERIES 2013A
A0434318140000000002013-12-10$71,143,000REFINANCING/CAPITAL PROJECTSfalsefalsefalse
MDFA SERIES 2013B
B0434318140000000002013-12-10$37,157,000REFINANCINGfalsefalsefalse
MDFA SERIES 2010
C04343181457583R2N42010-09-16$41,816,878REFUNDING SERIES J 1998Yes (true)falsefalse
MDFA SERIES 2016
D04343181457584XKJ92016-03-08$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 CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$7,000,000$0$71,143,000$0$0$0$504,913$0$0$11,013,906$59,624,181$02015Yes (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$10,010,000$21,080,000$41,816,878$0$0$0$454,697$0$0$0$41,362,181$02010Yes (true)falseYes (true)Yes (true)
D$0$0$40,434,302$0$0$0$434,302$0$0$0$40,000,000$0falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalseYes (true)Yes (true)Yes (true)false0.010200.01020falsefalsefalseYes (true)
BfalseYes (true)Yes (true)Yes (true)false0.005500.00550falsefalsefalseYes (true)
C0
DfalseYes (true)Yes (true)Yes (true)false0falsefalsefalseYes (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
AfalseYes (true)Yes (true)falseYes (true)falsefalse0falseYes (true)
0
BfalsefalseYes (true)falseYes (true)falsefalse0falseYes (true)
0
CfalsefalseYes (true)falsefalsefalsefalse0falseYes (true)
0
DfalseYes (true)falsefalseYes (true)falsefalse0falseYes (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 - 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 IS DUE JUNE 30, 2019. COLUMN B AND C - MDFA SERIES 2013B AND MDFA SERIES 2010 THE MDFA SERIES 2013B AND MDFA SERIES 2010 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 D - MDFA SERIES 2016 THE FIRST REBATE CALCULATION FOR THE MDFA SERIES 2016 BOND ISSUE IS DUE JUNE 30, 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
CUSIP57584X5U1CUSIPNum
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
Current RefundingfalseCurrentRefundingInd
Advance RefundingYes (true)AdvanceRefundingInd
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
Contribution28ContributionCnt
Noncash Contributions Rpt F990$970,459NoncashContributionsRptF990Amt
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 III, LINE 1 BENTLEY UNIVERSITY IS ONE OF THE NATION'S LEADING BUSINESS SCHOOLS, DEDICATED TO PREPARING A NEW KIND OF BUSINESS LEADER AND ONE WITH THE DEEP TECHNICAL SKILLS, THE BROAD GLOBAL PERSPECTIVE AND THE HIGH ETHICAL STANDARDS REQUIRED TO MAKE A DIFFERENCE IN AN EVER-CHANGING WORLD. TO ACHIEVE OUR GOAL, WE INFUSE OUR ADVANCED BUSINESS CURRICULUM WITH THE RICHNESS OF A LIBERAL ARTS EDUCATION. THE RESULTS ARE GRADUATES WHO ARE MAKING AN IMPACT IN THEIR CHOSEN FIELDS AND TURNING THEIR PASSIONS INTO SUCCESS STORIES. LOCATED ON A CLASSIC NEW ENGLAND CAMPUS JUST MINUTES FROM BOSTON, BENTLEY IS A DYNAMIC COMMUNITY OF LEADERS, SCHOLARS AND CREATIVE THINKERS. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS AND LISTS INCLUDING: U.S. NEWS & WORLD REPORT, BLOOMBERG BUSINESS WEEK, THE 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 ASSOCIATIONS OF SCHOOLS AND COLLEGES INC. (NEASC). THESE ACCREDITATIONS INDICATE THAT BENTLEY UNIVERSITY MEETS OR EXCEEDS ESTABLISHED STANDARDS AS DETERMINED BY PERIODIC AACSB PEER GROUP REVIEW. IN ADDITION, BENTLEY UNIVERSITY IS ONE OF ONLY THREE BUSINESS SCHOOLS IN THE U.S. AND 130 BUSINESS SCHOOLS WORLDWIDE, TO EARN EUROPEAN QUALITY IMPROVEMENT SYSTEM (EQUIS) ACCREDITATION. EQUIS IS THE LEADING INTERNATIONAL SYSTEM OF QUALITY ASSESSMENT, IMPROVEMENT, AND ACCREDITATION OF HIGHER EDUCATION INSTITUTIONS IN MANAGEMENT AND BUSINESS ADMINISTRATION. OTHER PROGRAM SERVICES PART III, LINE 4D BENTLEY'S BUSINESS-ORIENTED HIGH-TECH CENTERS AND LEARNING FACILITIES GIVE STUDENTS HANDS-ON EXPERIENCE WITH THE LATEST HARDWARE AND SOFTWARE IN FINANCE, INFORMATION SYSTEMS, MARKETING, ACCOUNTING, AND LANGUAGES. OUR ACADEMIC CENTERS ENRICH STUDENTS WITH RESOURCES AND THOUGHT LEADERSHIP IN ARTS, ETHICS, INTERNATIONAL EDUCATION, AND SERVICE OPPORTUNITIES.
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 SALARY AND BENEFIT COMPENSATION ARRANGEMENTS FOR THE PRESIDENT AND ALL OFFICERS ARE REVIEWED AND APPROVED IN ADVANCE OF ANY PAYMENT BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHO IS INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE COMPENSATION COMMITTEE REVIEWS OTHER NON-PROFIT ORGANIZATIONS' FORMS 990, GENERAL SALARY SURVEYS AND STUDIES, 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 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.
OTHER CHANGES IN NET ASSETS OR FUND BALANCES990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $6,113,000 OTHER NONOPERATING ACTIVITIES $756,000 TOTAL $6,869,000

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPct
CHARITABLE REMAINDER ANNUITY TRUST (2)
175 FOREST STWALTHAMMA02452CRATMABENTLEYTrustYes (true)
CHARITABLE REMAINDER UNITRUST (5)
175 FOREST STWALTHAMMA02452CRUTMABENTLEYTrustYes (true)
HIGHVISTA PARTNERS (OFFSHORE)
INVESTMENTSHIGHVISTAC CORPYes (true)PO BOX 2681GTGRAND CAYMANCJCJ$729,201$16,875,5070.51100
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

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, LINE 3FormAndLineReferenceDesc
ExplanationTHE UNIVERSITY IS INVESTED IN HIGHVISTA HFS PARTNERS (OFFSHORE). BENTLEY UNIVERSITY HOLDS 51.1% OF NONVOTING STOCK IN HIGHVISTA HFS PARTNERS AND HIGHVISTA GP IV HOLDS 100% OF VOTING STOCK.ExplanationTxt