2018-05-14T06:32:25-00:00 2017-06-30 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2016-07-01 560532296 Bennett College BENN 3365172100 900 E Washington Street Greensboro NC 27401 Leroy Summers Jr Vice President Business and Finance 2018-05-14 true Dane Alexander 4048740555 2018-05-14 2016 2022-09-23 18:48:47Z LeRoy Summers Jr 900 East Washington Street Greensboro NC 27401 16601565 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. 19 16 357 36 0 6120408 6459620 11690032 9539422 13176 3862 601888 598661 18425504 16601565 2163191 1680843 0 755998 1002546 0 298085 16622817 14895877 19542006 17579266 -1116502 -977701 50223318 49945898 35757196 35696612 14466122 14249286 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 10114298 1680843 7552819 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 1761633 1986603 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. 11875931 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 866 0 357 true false false false false false false false false false false X 19 16 false false false false false false false true true false false true true true true true true true true false NC X LeRoy Summers Jr 3365172100 900 E Washington Street Greensboro NC 27401 Dr Phyllis Dawkins President 040.00 001.00 X X 198985 0 5211 Rev Arnetta Beverly Trustee 001.00 001.00 X 0 0 0 Dr James Johnson Trustee 001.00 001.00 X 0 0 0 Dr Tammy McNeil Trustee 001.00 001.00 X 0 0 0 Ms Andrea Harris Trustee 001.00 001.00 X 0 0 0 Mrs Carolynn Johnson Vice-Chairwoman 001.00 001.00 X X 0 0 0 Ms Susie Johnson Secretary 001.00 001.00 X X 0 0 0 Dr John C Brunson Jr Trustee 001.00 001.00 X 0 0 0 Mrs Deborah T Love Trustee 001.00 001.00 X 0 0 0 Honorable Gladys Ashe Robinson PhD Chairwoman 001.00 001.00 X X 0 0 0 Mr Eric Watson Trustee 001.00 001.00 X 0 0 0 Mr Rick Anicetti Trustee 001.00 001.00 X 0 0 0 Ms Yahnick Barclay Trustee 001.00 001.00 X 0 0 0 Mr Charles E Coote Jr Trustee 001.00 001.00 X 0 0 0 Ms Jacqueline T Wieland Trustee 001.00 001.00 X 0 0 0 Mr Michael Godette Trustee 001.00 001.00 X 0 0 0 Atty Carrie A Hanger Trustee 001.00 001.00 X 0 0 0 Dr Prenard R Mickens Trustee 001.00 001.00 X 0 0 0 Ms Kimberly Jessup Ripberger Trustee 001.00 001.00 X 0 0 0 Mr LeRoy Summers Jr Vice President, Business and Finance 040.00 001.00 X 101510 0 2554 Mr Steve Willis Interim Provost 040.00 001.00 X 104641 0 3377 Ms Evelyn Leathers Associate Vice President, Institutional Advancement 040.00 001.00 X 107294 0 3963 Ms Latonya Flamer Associate Vice President, Business and Finance/Controller 040.00 001.00 X 73307 0 0 Ms Gisele Abron Interim Associate Vice President, Enrollment Management 040.00 001.00 X 74502 0 2228 Ms Kim Drye Interim Associate Vice President, Student Affairs 040.00 001.00 X 66443 0 0 Dr Rosalind Fuse-Hall Former President 040.00 001.00 X 255408 0 3123 982090 20456 5 true true false GMG Inc 1210 Mumford Road Greenville NC 27834 Construction Contractor 192838 Sodexo Inc & Affiliates PO Box 536922 Atlanta GA 303536922 Facilities/ Food Service 2315584 Lomax Construction Company Inc PO Box 35169 Greensboro NC 274255169 Construction Contractor 409551 Mechanical Maintenance Inc 107 W Bowman Avenue Liberty NC 27298 Equipment Repairs 218811 Royall Company 1920 East Parham Road Richmond VA 23228 Recruitment 124939 8 2901809 3557811 6459620 Tuition and Fees 611600 7552819 7552819 Sales and Services of Auxiliary Enterprises 611710 1986603 1986603 9539422 3862 3862 Other Income 900099 10193 10193 Investment return appropraited for operations 900099 588468 588468 598661 16601565 10141945 0 1680843 1680843 0 0 1002546 1002546 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 4687396 4687396 Academic Support 2660542 2165285 495257 Student Services 1580774 1580774 Institutional Support 4205532 3907447 298085 1761633 1761633 17579266 11875931 5405250 298085 1139273 1114994 1038691 291280 153727 150314 963462 651875 653 1569 2552550 2548392 63313892 33599668 29889488 29714224 10433167 12353330 2709821 2709821 1342486 410099 50223318 49945898 1449670 1072774 338230 27182076 26307881 5506330 7262206 1619120 715521 35757196 35696612 X 481841 160861 2578819 2530082 11405462 11558343 14466122 14249286 50223318 49945898 X -977701 760865 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 false 11471857 153791 1531653 399284 13127 100280 12644610 12022770 151105 -194607 395645 111766 11471857 11813469 97254 373691 250004 11640 12022770 12218319 131110 1435148 269476 1701632 11813469 11380355 691421 578476 431933 12218319 0.99000 0.01000 false false false 4076638 4076638 45625933 27267946 18357987 11575521 5177006 6398515 2035800 1154716 881084 29714224 Financial derivatives and other financial products Closely-held equity interests Art Collection 2709821 F 2709821 Federal income taxes Advances from Federal Government for Student Loans 305422 Due to Temporarily Restricted Funds 410099 715521 X 17362430 760865 760865 16601565 16601565 17579266 17579266 17579266 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 is no such position as of June 30, 2017. 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 on other factors, such as grade point average, family income, or athletic talents. true Privately Funded Student Scholarships 331 1680843 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 has 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 false false false false false false false false false Dr Rosalind Fuse-Hall Former President 43556 211852 3123 258531 Dr Phyllis Dawkins President 179617 19368 5211 204196 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. Form 990, Part VI, Section B, Line 12c The College provides the conflict of interest statement to the board members at the annual meeting. This year board members will be required to complete a statement, which will be maintained in individual memberss files. Form 990, Part VI, Section B, Line 15a The Board of Trustees, based on predetermined areas of performancee, evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval. Form 990, Part VI, Section B, Line 15b Compensation for the top officers of the College is set at the discretion of the President. This discretion is based on 1 previous salary history, 2 North American Industry Classification System surveys, and 3 the bargaining process. Form 990, Part VI, Section C, Line 19 The College makes its governing documents and conflict of interest policy available 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.