2017-02-14T04:57:03-00:00 2016-06-30 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2015-07-01 560532296 Bennett College BENN 3365172100 900 E Washington Street Greensboro NC 27401 Leroy Summers Vice President Business and Finance 2017-02-14 true Dane Alexander 4048740555 2017-02-14 2015 2021-01-29 14:40:06Z LeRoy Summers Jr 900 East Washington Street Greensboro NC 27401 18425504 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. 22 19 340 34 0 6102356 6120408 11899241 11690032 10277 13176 580549 601888 18592423 18425504 1669680 2163191 0 814855 755998 0 307522 17356114 16622817 19840649 19542006 -1248226 -1116502 52399719 50804214 35863938 36338092 16535781 14466122 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 11253337 2163191 9104305 To sustain a learning community in which students can prepare academically, socially and spiritually for leadership in a complex, diverse and rapidly changing world. 1861654 2585727 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. 13114991 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 true true false false false false false false false true 920 0 340 true false false false false false false false false false false false false false X 22 19 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 Rosalind Fuse-Hall President 040.00 001.00 X X 273463 0 15205 Mrs Michelle Gethers Clark Treasurer 001.00 001.00 X X 0 0 0 Ms Shemiah Curry Trustee 001.00 001.00 X 0 0 0 Mrs Deborah W Foster Chairwoman 001.00 001.00 X X 0 0 0 Rev Arnetta Beverly Trustee 001.00 001.00 X 0 0 0 Dr Christy Clayton Trustee 001.00 001.00 X 0 0 0 Dr James Johnson Trustee 001.00 001.00 X 0 0 0 Bishop Larry M Goodpaster Trustee 001.00 001.00 X 0 0 0 Dr Trudie Kibbe Reed Vice-Chairwoman 001.00 001.00 X 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 Trustee 001.00 001.00 X 0 0 0 Ms Susie Johnson Trustee 001.00 001.00 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 Mrs Debra Plousha-Moore Trustee 001.00 001.00 X 0 0 0 Honorable Gladys Ashe Robinson PhD Trustee 001.00 001.00 X 0 0 0 Ms Chekesha Kidd Trustee 001.00 001.00 X 0 0 0 Ms Jackie Parker Trustee 001.00 001.00 X 0 0 0 Mrs Pamela Stearns Trustee 001.00 001.00 X 0 0 0 Mr Eric Watson Trustee 001.00 001.00 X 0 0 0 Ms Deidre Boulware Trustee 001.00 001.00 X 0 0 0 Mr LeRoy Summers Jr Vice President, Business and Finance 040.00 001.00 X 131529 0 7401 Dr Rolanda C Burney Chief of Staff 040.00 001.00 X 98805 0 0 Dr Phyllis Dawkins Provost 040.00 001.00 X 83827 0 2817 Dr Michelle Linster Interim Provost 040.00 001.00 X 37366 0 2465 Ms Evelyn Leathers Vice President, Institutional Advancement 040.00 001.00 X 64867 0 1636 Ms Audrey Franklin Interim Vice President, Institutional Advancement 040.00 001.00 X 34399 0 2218 724256 31742 2 false true false NWN Corporation PO Box 535596 Atlanta GA 303535596 IT Services 186585 Sodexo Inc & Affiliates PO Box 536922 Atlanta GA 303536922 Facilities/ Food Service 2512922 Lomax Construction Company Inc PO Box 35169 Greensboro NC 274255169 Construction Contractor 211307 Mechanical Maintenance Inc 107 W Bowman Avenue Liberty NC 27298 Equipment Repairs 111879 4 2643043 3477365 50000 6120408 Tuition and Fees 611600 9104305 9104305 Sales and Services of Auxiliary Enterprises 611710 2585727 2585727 11690032 13176 13176 Other Income 900099 15805 15805 Investment return appropraited for operations 900099 586083 586083 601888 18425504 12305096 0 2163191 2163191 0 0 755998 755998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Instruction 5495883 5495883 Public Service/ Academic Support 2054865 1619472 435393 Student Services 1677768 1677768 Institutional Support 5532647 297023 4928102 307522 1861654 1861654 19542006 13114991 6119493 307522 2540082 1139273 753451 1038691 154129 153727 691758 963462 1299 653 3612934 3133446 61983168 32093680 30716926 29889488 11269319 10433167 2659821 2709821 1342486 52399719 50804214 1400967 1449670 28632466 27762972 5503174 5506330 327331 1619120 35863938 36338092 X 2937888 481841 2320600 2578819 11277293 11405462 16535781 14466122 52399719 50804214 X -1116502 -953157 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 12022770 151105 -194607 395645 111766 11471857 11813469 97254 373691 250004 11640 12022770 12218319 131110 1435148 269476 1701632 11813469 11380355 691421 578476 431933 12218319 12553929 311867 1237782 332379 13771199 0.99000 0.01000 false false false 4059037 4059037 44543593 26068692 18474901 11344738 4929709 6447714 2035800 1127964 907836 29889488 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 276634 Due to Temporarily Restricted Funds 1342486 1619120 X 17472347 -953157 -953157 18425504 18425504 19542006 19542006 19542006 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, 2016. 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 396 2163191 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 also undergoes the required Uniform Guidance audit annually. X true true X X X X false false false false false false false false false Dr Rosalind Fuse-Hall President 252335 21128 15205 288668 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 X 1 50000 Appraisal false true false 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 board members at the annual meeting. This year 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 Board of Trustees, based on predetermined areas of performance, 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 instituitions is conducted to assist in arriving at a recommendation to the Executive Commitee 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.