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BENTLEY UNIVERSITY: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-12
IRS object ID
201601339349305300
Schema version
2014v6.0
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)
Return2016-05-12T15:58:49-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Begin2014-07-01TaxPeriodBeginDt

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)
PersonKENNETH CODYPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone7818912887PhoneNum
Signature2016-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTARA D'AGOSTINOPreparerPersonNm
PTINP01245482PTIN
Phone6179881000PhoneNum
Preparation2016-05-09PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKENNETH CODYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1Txt
CityWALTHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024524705ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$359,791,650GrossReceiptsAmt
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 Body26VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee2873TotalEmployeeCnt
Total Volunteers325TotalVolunteersCnt
Total Gross UBI$827,030TotalGrossUBIAmt
PY Contributions Grants$8,412,000PYContributionsGrantsAmt
CY Contributions Grants$5,741,000CYContributionsGrantsAmt
PY Program Service Revenue$256,177,000PYProgramServiceRevenueAmt
CY Program Service Revenue$263,992,650CYProgramServiceRevenueAmt
PY Investment Income$16,609,234PYInvestmentIncomeAmt
CY Investment Income$17,008,765CYInvestmentIncomeAmt
PY Other Revenue$1,570,000PYOtherRevenueAmt
CY Other Revenue$1,386,000CYOtherRevenueAmt
PY Total Revenue$282,768,234PYTotalRevenueAmt
CY Total Revenue$288,128,415CYTotalRevenueAmt
PY Grants And Similar Paid$70,523,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$73,429,900CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$110,618,699PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$113,571,625CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$72,868PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$98,110CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,285,502CYTotalFundraisingExpenseAmt
PY Other Expenses$79,139,433PYOtherExpensesAmt
CY Other Expenses$82,320,366CYOtherExpensesAmt
PY Total Expenses$260,354,000PYTotalExpensesAmt
CY Total Expenses$269,420,001CYTotalExpensesAmt
PY Revenues Less Expenses$22,414,234PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$18,708,414CYRevenuesLessExpensesAmt
Total Assets BOY$565,001,000TotalAssetsBOYAmt
Total Assets EOY$570,525,000TotalAssetsEOYAmt
Total Liabilities BOY$213,190,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$212,636,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$351,811,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$357,889,000NetAssetsOrFundBalancesEOYAmt
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$147,106,000ExpenseAmt
Grant$73,429,900GrantAmt
Revenue$210,976,000RevenueAmt
Desc*INSTRUCTION* SEE SCHEDULE ODesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$40,129,000ExpenseAmt
Revenue$45,639,000RevenueAmt
Desc*AUXILIARY ENTERPRISES* SEE SCHEDULE ODesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$33,341,104ExpenseAmt
Revenue$1,386,000RevenueAmt
Desc*STUDENT SERVICES* SEE SCHEDULE ODesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$15,950,221TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$7,377,650TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$236,526,325TotalProgramServiceExpensesAmt
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 FundraisingYes (true)ProfessionalFundraisingInd
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 EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document5926IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2873EmployeeCnt
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 ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
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 Members26GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
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 (38 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
ROBERT E ALAN
TRUSTEE1.00.0Yes (X)$0$0$0
KEVIN F ARMATA
TRUSTEE1.00.0Yes (X)$0$0$0
ROBERT P BADAVAS
VICE CHAIRMAN OF BOARD8.00.0Yes (X)$0$0$0Yes (X)
DALE L CARLETON
TRUSTEE1.00.0Yes (X)$0$0$0
J TERENCE CARLETON
TRUSTEE2.00.0Yes (X)$0$0$0
KENNETH H COLBURN
TRUSTEE1.00.0Yes (X)$0$0$0
J PAUL CONDRIN III
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
ANDREW J HAJDUCKY
TRUSTEE2.00.0Yes (X)$0$0$0
DANIEL A KESHIAN
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 L LEITCH
TRUSTEE1.00.0Yes (X)$0$0$0
STEVEN P MANFREDI
CHAIRMAN OF BOARD10.00.0Yes (X)$0$0$0Yes (X)
I NORMAN MASSRY
TRUSTEE2.00.0Yes (X)$0$0$0
SUSAN G O'CONNELL
TRUSTEE1.00.0Yes (X)$0$0$0
MICHAEL G SPERLINGA
TRUSTEE1.00.0Yes (X)$0$0$0
NICKOLAS STAVROPOULOS
TRUSTEE1.00.0Yes (X)$0$0$0
JEROEN VAN DEN HOVEN
TRUSTEE1.00.0Yes (X)$0$0$0
DAVID H WEENER
TRUSTEE1.00.0Yes (X)$0$0$0
TANYA N HAIRSTON WHITNER
TRUSTEE2.00.0Yes (X)$0$0$0
BRIAN T ZINO
TRUSTEE1.00.0Yes (X)$0$0$0
GLORIA C LARSON
PRESIDENT/TRUSTEE65.00.0Yes (X)$644,464$0$96,073Yes (X)
KENNETH B CODY
VICE PRESIDENT40.00.0$375,625$0$27,327Yes (X)
JUDITH A MALONE
GENERAL COUNSEL40.00.0$220,716$0$45,467Yes (X)
JOANN C MCKENNA
VICE PRESIDENT40.00.0$318,630$0$29,024Yes (X)
MICHAEL J PAGE
VICE PRESIDENT/PROVOST40.00.0$386,113$0$34,629Yes (X)
J ANDREW SHEPARDSON
VICE PRESIDENT40.00.0$252,207$0$30,404Yes (X)
WILLIAM A TORREY
VICE PRESIDENT40.00.0$407,772$0$26,255Yes (X)
JEAN C BEDARD
PROFESSOR40.00.0$389,340$0$54,666Yes (X)
ROBERT D GALLIERS
PROFESSOR40.00.0$414,926$0$34,933Yes (X)
M LYNNE MARKUS
PROFESSOR40.00.0$375,686$0$34,624Yes (X)
DAVID PERRY
CHIEF MARKETING OFFICER40.00.0$298,028$0$48,053Yes (X)
ROY WIGGINS III
DEAN OF BUSINESS40.00.0$302,314$0$50,547Yes (X)
TRACI LOGAN
FORMER VICE PRESIDENT40.00.0$723,100$0$16,810Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,108,921TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$528,812TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K238IndivRcvdGreaterThan100KCnt
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
CAMBRIDGE ASSOCIATES
125 HIGH STREETBOSTONMA02110INVESTMENT ADVISORS$225,328
KPMG
60 SOUTH STREETBOSTONMA02111AUDITORS$218,400
GRANT THORNTON
33562 Treasury CenterCHICAGOIL60694CONSULTANTS$200,963
ADAGE CAPITAL MANAGEMENT
200 CLAREDON STREET 52nd FLOORBOSTONMA02116INVESTMENT MGT$168,931
INKHOUSE
260 CHARLES STREET SUITE 200WALTHAMMA02453CONSULTANTS$168,700
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$1,247,000GovernmentGrantsAmt
All Other Contributions$4,494,000AllOtherContributionsAmt
Noncash Contributions$231,589NoncashContributionsAmt
Total Contributions$5,741,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$210,976,000$210,976,000
AUXILIARY900099$51,600,390$50,332,316$1,268,074
CONFERENCE SERVICES721000$605,056$605,056
SWIMMING POOL USE713990$108,554$108,554
STUDENT ACTIVITY FEES900099$700,000$700,000

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,650TotalRevenueColumnAmt
Related Or Exempt Func Income$2,650RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$263,992,650TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,475,000TotalRevenueColumnAmt
Unrelated Business Revenue$113,420UnrelatedBusinessRevenueAmt
Exclusion$3,361,580ExclusionAmt

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

Gross Rents GrossRentsGrp

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

Rental Income Or Loss RentalIncomeOrLossGrp

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

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

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

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$85,197,000SecuritiesAmt
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$69,462,235SecuritiesAmt
Other$2,201,000OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$15,734,765SecuritiesAmt
Other-$2,201,000OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,533,765TotalRevenueColumnAmt
Exclusion$13,533,765ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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

Net Income From Gaming NetIncomeFromGamingGrp

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

Net Income Or Loss NetIncomeOrLossGrp

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

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER SOURCESDesc
Business900099BusinessCd
Total Revenue Column$1,386,000TotalRevenueColumnAmt
Related Or Exempt Func Income$1,386,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,386,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$288,128,415TotalRevenueColumnAmt
Related Or Exempt Func Income$263,396,966RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$827,030UnrelatedBusinessRevenueAmt
Exclusion$18,163,419ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$43,900TotalAmt
Program Services$43,900ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$70,689,565TotalAmt
Program Services$70,689,565ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,696,435TotalAmt
Program Services$2,696,435ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,605,527TotalAmt
Program Services$319,160ProgramServicesAmt
Management And General$1,981,685ManagementAndGeneralAmt
Fundraising$304,682FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$87,276,818TotalAmt
Program Services$82,374,018ProgramServicesAmt
Management And General$1,594,853ManagementAndGeneralAmt
Fundraising$3,307,947FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,607,791TotalAmt
Program Services$4,153,401ProgramServicesAmt
Management And General$2,097,595ManagementAndGeneralAmt
Fundraising$356,795FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,523,191TotalAmt
Program Services$7,469,287ProgramServicesAmt
Management And General$3,607,252ManagementAndGeneralAmt
Fundraising$446,652FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,558,298TotalAmt
Program Services$20,924ProgramServicesAmt
Management And General$5,278,127ManagementAndGeneralAmt
Fundraising$259,247FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,072,563TotalAmt
Program Services$1,089,384ProgramServicesAmt
Management And General$878,179ManagementAndGeneralAmt
Fundraising$105,000FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$381,590TotalAmt
Program Services$26,662ProgramServicesAmt
Management And General$354,928ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$355,000TotalAmt
Management And General$355,000ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$2,268TotalAmt
Management And General$2,268ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$98,110TotalAmt
Fundraising$98,110FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,521,000TotalAmt
Management And General$2,521,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,380,725TotalAmt
Program Services$4,627,071ProgramServicesAmt
Management And General$2,753,654ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,383,982TotalAmt
Program Services$3,099,436ProgramServicesAmt
Management And General$238,826ManagementAndGeneralAmt
Fundraising$45,720FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,227,751TotalAmt
Program Services$5,067,491ProgramServicesAmt
Management And General$813,521ManagementAndGeneralAmt
Fundraising$346,739FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,269,799TotalAmt
Program Services$12,252,415ProgramServicesAmt
Management And General$14,997ManagementAndGeneralAmt
Fundraising$2,387FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,537,254TotalAmt
Program Services$1,449,156ProgramServicesAmt
Management And General$7,098ManagementAndGeneralAmt
Fundraising$81,000FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,885,276TotalAmt
Program Services$2,225,933ProgramServicesAmt
Management And General$394,855ManagementAndGeneralAmt
Fundraising$264,488FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,397,000TotalAmt
Program Services$6,065,902ProgramServicesAmt
Management And General$331,098ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$18,835,134TotalAmt
Program Services$18,177,056ProgramServicesAmt
Management And General$658,078ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$786,967TotalAmt
Program Services$53,012ProgramServicesAmt
Management And General$733,955ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PURCHASED SERVICES$8,464,101$6,049,152$1,750,645$664,304
STUDY ABROAD$4,846,328$4,846,328
LEASING AND RENTALS$1,598,478$1,559,658$38,820
STUDENT ORGANIZATIONS$1,386,512$1,386,512

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$988,638TotalAmt
Program Services$784,467ProgramServicesAmt
Management And General$201,740ManagementAndGeneralAmt
Fundraising$2,431FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$269,420,001TotalAmt
Program Services$236,526,325ProgramServicesAmt
Management And General$26,608,174ManagementAndGeneralAmt
Fundraising$6,285,502FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$32,030,000BOYAmt
EOY$47,238,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,338,391BOYAmt
EOY$2,775,845EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$943,609BOYAmt
EOY$945,155EOYAmt

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$8,054,000BOYAmt
EOY$7,926,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,218,952BOYAmt
EOY$1,293,755EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$433,104,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$190,376,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$236,290,000BOYAmt
EOY$242,728,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$191,000,669BOYAmt
EOY$191,279,738EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$77,047,331BOYAmt
EOY$74,065,262EOYAmt

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$14,078,048BOYAmt
EOY$2,273,245EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$565,001,000BOYAmt
EOY$570,525,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$24,614,000BOYAmt
EOY$26,006,000EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$5,364,000BOYAmt
EOY$6,452,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$145,455,000BOYAmt
EOY$141,367,000EOYAmt

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$37,757,000BOYAmt
EOY$38,811,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$213,190,000BOYAmt
EOY$212,636,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$241,795,000BOYAmt
EOY$248,446,000EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$65,177,000BOYAmt
EOY$63,637,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$44,839,000BOYAmt
EOY$45,806,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$351,811,000BOYAmt
EOY$357,889,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$565,001,000BOYAmt
EOY$570,525,000EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$18,708,414ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$11,328,764NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$1,301,650OtherChangesInNetAssetsAmt
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$10,039,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,354,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,241,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,412,000CurrentTaxYearMinus1YearAmt
Current Tax Year$5,741,000CurrentTaxYearAmt
Total$38,787,000TotalAmt

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$10,039,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,354,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,241,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,412,000CurrentTaxYearMinus1YearAmt
Current Tax Year$5,741,000CurrentTaxYearAmt
Total$38,787,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,833,680SubstantialContributorsTotAmt
Public Support Total170$36,953,320PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,984,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,178,982CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,047,645CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,142,884CurrentTaxYearMinus1YearAmt
Current Tax Year$3,361,580CurrentTaxYearAmt
Total$13,715,091TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$53,075CurrentTaxYearMinus2YearsAmt
Current Tax Year$37,467CurrentTaxYearAmt
Total$90,542TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,871,190CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,085,200CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,705,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,570,000CurrentTaxYearMinus1YearAmt
Current Tax Year$1,386,000CurrentTaxYearAmt
Total$8,617,390TotalAmt
FieldValueIRS element (for citing)
Total Support$61,210,023TotalSupportAmt
Gross Receipts Rltd Activities$1,222,548,919GrossReceiptsRltdActivitiesAmt
Public Support CY1700.60371PublicSupportCY170Pct
Public Support PY1700.68970PublicSupportPY170Pct
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$2,268OtherActivitiesAmt
Total Lobbying Expenditures$2,268TotalLobbyingExpendituresAmt
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 THE THEIR MEMBERS, AND THEREFORE THE DUES CREATE INDIRECT LOBBYING EXPENSES FOR THE UNIVERSITY. THE PORTION OF MEMBERSHIP FEES ALLOCABLE TO LOBBYING ACTIVITIES WAS $2,268 FOR THE YEAR ENDED JUNE 30, 2015.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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$192,708,000BeginningYearBalanceAmt
Contributions$7,747,000ContributionsAmt
Investment Earnings Or Losses$26,113,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,267,487GrantsOrScholarshipsAmt
Other Expenditures$6,367,513OtherExpendituresAmt
End Year Balance$217,933,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$199,966,000BeginningYearBalanceAmt
Contributions$2,344,000ContributionsAmt
Investment Earnings Or Losses-$1,968,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,293,506GrantsOrScholarshipsAmt
Other Expenditures$5,340,494OtherExpendituresAmt
End Year Balance$192,708,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$162,734,000BeginningYearBalanceAmt
Contributions$14,154,000ContributionsAmt
Investment Earnings Or Losses$30,201,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,478,770GrantsOrScholarshipsAmt
Other Expenditures$4,644,230OtherExpendituresAmt
End Year Balance$199,966,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.61000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.17000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.22000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$31,871,000OtherCostOrOtherBasisAmt
Book Value$31,871,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$355,298,000OtherCostOrOtherBasisAmt
Depreciation$152,189,173DepreciationAmt
Book Value$203,108,827BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$44,517,000OtherCostOrOtherBasisAmt
Depreciation$38,186,827DepreciationAmt
Book Value$6,330,173BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,418,000OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$1,418,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$242,728,000TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$51,687,417F
PARTNERSHIPS$22,377,845F
FieldValueIRS element (for citing)
Total Book Value Securities$74,065,262TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST RATE SWAP AGREEMENTS$24,195,000
POST RETIREMENT BENEFITS$8,057,000
REFUNDABLE U.S. GOVERNMENT GRANTS$6,559,000
FieldValueIRS element (for citing)
Total Liability$38,811,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$272,977,001TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$11,328,764NetUnrealizedGainsInvstAmt
Other Revenue-$1,301,650OtherRevenueAmt
Revenue Not Reported-$12,630,414RevenueNotReportedAmt
Revenue Subtotal$285,607,415RevenueSubtotalAmt
Investment Expenses Not Incld$2,521,000InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$2,521,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$288,128,415TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$266,899,001TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$266,899,001ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,521,000InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$2,521,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$269,420,001TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
COLLECTIONS OF ARTPART III, LINE 4 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.
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 61% OF ENDOWMENT AND THOSE FUNDS ARE AVAILABLE FOR USE ON AN AS-NEEDED BASIS PER VOTE OF THE BOARD OF TRUSTEES.
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, 2015 OR 2014.
OTHER REVENUES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XI, LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAP ($1,359,000) CHANGE IN VALUE OF SPLIT INTEREST TRUST ($107,400) CHANGE IN POST-RETIREMENT HEALTHCARE COSTS $164,750 TOTAL ($1,301,650)

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, 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.
FINANCIAL AID AND GOVERNMENTAL ASSISTANCESCHEDULE E, LINE 6A 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 (6 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)Program ServicesSTUDY ABROAD$4,457,777
East Asia and the PacificProgram ServicesSTUDY ABROAD$1,528,219
South AmericaProgram ServicesSTUDY ABROAD$362,875
Sub-Saharan AfricaProgram ServicesSTUDY ABROAD$75,338
Middle East and North AfricaProgram ServicesSTUDY ABROAD$72,765
Central America and the CaribbeanInvestments$32,100,310
FieldValueIRS element (for citing)
Subtotal Spent$38,597,284SubtotalSpentAmt
Total Spent$38,597,284TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIP ASSISTANCEEurope (Including Iceland and Greenland)173$2,087,839ACCT CREDIT
SCHOLARSHIP ASSISTANCEEast Asia and the Pacific44$488,326ACCT CREDIT
SCHOLARSHIP ASSISTANCESouth America5$81,435ACCT CREDIT
SCHOLARSHIP ASSISTANCESub-Saharan Africa2$38,835ACCT 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
MONITOR 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, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonMARTS LUNDY 1200 WALL ST W LYNDPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11200 WALL STAddressLine1Txt
CityW LYNDHURSTCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07071ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISING SURVEYActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Retained By Contractor$98,110RetainedByContractorAmt
Net To Organization-$98,110NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Retained By Contractors$98,110TotalRetainedByContractorsAmt
Total Net To Organization-$98,110TotalNetToOrganizationAmt
Licensed StatesMALicensedStatesCd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFUNDRAISER REIMBURSEMENTSFormAndLineReferenceDesc
ExplanationPART I, LINE 2B, COLUMN V THE UNIVERSITY'S AGREEMENT WITH MARTS LUNDY PROVIDED THAT OUT OF POCKET EXPENSES WOULD BE REIMBURSED. THE AMOUNT OF OUT OF POCKET EXPENSES REIMBURSED WAS $7,358.ExplanationTxt

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
MASSACHUSETTS CONFERENCE FOR WOMEN
PO BOX 55071 75355BOSTONMA022055071202699177501(C)(3)$34,900
GREATER BOSTON CHAMBER OF COMMERCE
265 FRANKLIN STREETBOSTONMA02110041103090501(C)(6)$9,000GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP ASSISTANCEGrantTypeTxt
Recipient2759RecipientCnt
Cash Grant$70,689,565CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMONITOR 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 THAT PROVIDES CONNECTION, MOTIVATION, NETWORKING, INSPIRATION AND SKILL BUILDING FOR THOUSANDS OF ASPIRING BUSINESS WOMEN EACH YEAR. DOZENS OF EXPERT SPEAKERS LEAD WORKSHOPS AND SEMINARS ON THE ISSUES THAT MATTER MOST TO WOMEN, INCLUDING PERSONAL FINANCE, BUSINESS AND ENTREPRENEURSHIP, HEALTH, WORK/LIFE BALANCE AND MORE. THE CONFERENCE OFFERS INCREDIBLE OPPORTUNITIES FOR BUSINESS NETWORKING, PROFESSIONAL DEVELOPMENT, EDUCATION, AND PERSONAL GROWTH. THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. MANY SCHOLARSHIPS ARE BASED ON CRITERIA SUCH AS ACADEMIC STRENGTH, ATHLETIC ABILITY, 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
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 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$504,663$0$132,500$0$7,301$0$26,000$0$70,073$0$740,537$0$0$0
KENNETH B CODY
VICE PRESIDENT$353,418$0$20,000$0$2,207$0$26,000$0$1,327$0$402,952$0$0$0
JUDITH A MALONE
GENERAL COUNSEL$202,624$0$17,500$0$592$0$20,970$0$24,497$0$266,183$0$0$0
JOANN C MCKENNA
VICE PRESIDENT$286,617$0$30,000$0$2,013$0$26,000$0$3,024$0$347,654$0$0$0
MICHAEL J PAGE
VICE PRESIDENT/PROVOST$358,869$0$25,000$0$2,244$0$26,000$0$8,629$0$420,742$0$0$0
J ANDREW SHEPARDSON
VICE PRESIDENT$226,449$0$25,000$0$758$0$22,781$0$7,623$0$282,611$0$0$0
WILLIAM A TORREY
VICE PRESIDENT$385,938$0$20,000$0$1,834$0$26,000$0$255$0$434,027$0$0$0
JEAN C BEDARD
PROFESSOR$291,412$0$4,000$0$93,928$0$26,000$0$28,666$0$444,006$0$0$0
ROBERT D GALLIERS
PROFESSOR$339,403$0$0$0$75,523$0$26,000$0$8,933$0$449,859$0$0$0
M LYNNE MARKUS
PROFESSOR$293,029$0$7,000$0$75,657$0$26,000$0$8,624$0$410,310$0$0$0
DAVID PERRY
CHIEF MARKETING OFFICER$271,360$0$25,000$0$1,668$0$26,000$0$22,053$0$346,081$0$0$0
ROY WIGGINS III
DEAN OF BUSINESS$262,297$0$15,000$0$25,017$0$26,000$0$24,547$0$352,861$0$0$0
TRACI LOGAN
FORMER VICE PRESIDENT$168,100$0$0$0$555,000$0$16,810$0$0$0$739,910$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
BENEFITSPART I, LINE 1 THE 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 COST RELATED TO MAID SERVICE FOR THE HOUSE IS $4,511 WHICH IS INCLUDED AS TAXABLE INCOME. DURING THE YEAR, THE UNIVERSITY PROVIDED A CAR SERVICE TO THE PRESIDENT TO BE USED FOR BUSINESS PURPOSES. THE AMOUNT PAID FOR CAR SERVICES DURING CALENDAR YEAR 2014 WAS $12,130, AND IS NOT INCLUDED IN THE PRESIDENT'S TAXABLE WAGES AS THE CAR SERVICE IS USED TO CONDUCT UNIVERSITY BUSINESS. THE UNIVERSITY PROVIDED FIRST CLASS TRAVEL FOR THE PRESIDENT FOR ONE TRIP ON UNIVERSITY BUSINESS DURING THE YEAR. THE FIRST CLASS TRAVEL WAS APPROVED IN ADVANCE BY THE VP FOR ADMINISTRATION AND FINANCE DUE TO THE DURATION OF THE TRIP.
SEVERANCE PAYMENTPART I, LINE 4A OTHER REPORTABLE COMPENSATION FOR TRACI LOGAN OF $555,000 REPRESENTS A RESOLUTION OF DISPUTED CLAIMS.
GLORIA LARSON'S BONUSPART I, LINE 7 & PART II, COLUMN B(II) 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. TORREY, PAGE, CODY, MCKENNA, SHEPARDSON, PERRY AND MALONE 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. ADDITIONALLY, MARKUS, BEDARD, AND WIGGINS RECEIVED BONUS PAYMENTS BASED UPON RECOMMENDATIONS MADE BY THE PROVOST AND APPROVED BY THE PRESIDENT.
PART II, COLUMN B(III)DURING THE REPORTING PERIOD, PROFESSORS GALLIERS, MARKUS, BEDARD AND WIGGINS ALL PARTICIPATED IN ADDITIONAL FACULTY ROLES. THE AMOUNTS IN THIS COLUMN ARE NOT BONUS OR INCENTIVE COMPENSATION, BUT RATHER ADDITIONAL COMPENSATION FOR ADDITIONAL SERVICES PERFORMED.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingIndCUSIPCUSIPNum
MA DEVELOPMENT FINANCE AGENCY
A0434318142013-12-10$71,143,000REFINANCING/CAPITAL PROJECTSfalsefalsefalse
MA DEVELOPMENT FINANCE AGENCY
B0434318142013-12-10$37,157,000REFINANCINGfalsefalsefalse
MA DEVELOPMENT FINANCE AGENCY
C0434318142010-09-16$41,816,878REFUNDING SERIES J 1998falsefalsefalse57583R2N4

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 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$1,650,000$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$8,941,878$0$41,816,878$0$0$0$454,697$0$0$0$41,362,181$02010Yes (true)falseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 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)false0.017840.01784falsefalsefalseYes (true)
BfalseYes (true)Yes (true)Yes (true)false0.009540.00954falsefalsefalseYes (true)
C0

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 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)falsefalseYes (true)falsefalse0falseYes (true)
0
BfalsefalseYes (true)falseYes (true)falsefalse0falseYes (true)
0
CfalsefalseYes (true)falsefalsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

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
Contribution25ContributionCnt
Noncash Contributions Rpt F990$231,589NoncashContributionsRptF990Amt
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, COLUMN B THE AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
ORGANIZATION'S MISSIONFORM 990, PART III, LINE 1 BENTLEY UNIVERSITY IS ONE OF THE NATIONS' 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 THE AACSB INTERNATIONAL AND THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. THE UNIVERSITY IS ALSO ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES INC. (NEASC). ALL OF 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.
PROGRAM SERVICESFORM 990, PART III, LINES 4A-4D LINE 4A, 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 THE KNOWLEDGE AND THAT SUPPORT THE UNIVERSITY'S TEACHING MISSION. LINE 4B, AUXILIARY ENTERPRISES: APPROXIMATELY 80% OF BENTLEY'S UNDERGRADUATES 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. LINE 4C, STUDENT SERVICES: OUR MORE THAN 100 STUDENTS 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. LINE 4D, OTHER PROGRAM SERVICES: 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.
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' FORM 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.
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 BALANCESFORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP ($1,359,000) CHANGE IN VALUE OF SPLIT INTEREST TRUST ($107,400) CHANGE IN POST-RETIREMENT RETIREMENT COSTS $164,750 TOTAL ($1,301,650)

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER ANNUITY TRUST (2)
175 FOREST STREETWALTHAMMA02452CRATMABENTLEYTrustYes (true)
CHARITABLE REMAINDER UNITRUST (5)
175 FOREST STREETWALTHAMMA02452CRUTMABENTLEYTrustYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (true)ReceiptOfIntAnntsRntsRyltsInd
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 OrganizationYes (true)DivRelatedOrganizationInd
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 OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
(1) - CRAT
a$613ACCRUAL
(2) - CRUT
a$75,646ACCRUAL