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BENTLEY UNIVERSITY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-11
IRS object ID
201501319349302570
Schema version
2013v4.0
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)
Return2015-05-11T14:25:42-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line160 South StreetAddressLine1
CityBostonCity
StateMAState
ZIP Code02111ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041081650EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BENTLEY UNIVERSITYBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% JAMES FUERSTInCareOfNm
Business Name ControlBENTBusinessNameControlTxt
Phone7818912000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1
Address Line2SuiteAddressLine2
CityWALTHAMCity
StateMAState
ZIP Code024524705ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKENNETH B CODYPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone7818912169PhoneNum
Signature2015-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTARA D'AGOSTINOPreparerPersonNm
PTINP01245482PTIN
Phone7818912169PhoneNum
Preparation2015-05-08PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKENNETH CODYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1
CityWALTHAMCity
StateMAState
ZIP Code024524705ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$334,362,000GrossReceiptsAmt
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 WITHIN AND ACROSS BUSINESS.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee2852TotalEmployeeCnt
Total Volunteers293TotalVolunteersCnt
Total Gross UBI$977,199TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$1,406NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,241,000PYContributionsGrantsAmt
CY Contributions Grants$8,412,000CYContributionsGrantsAmt
PY Program Service Revenue$245,016,000PYProgramServiceRevenueAmt
CY Program Service Revenue$256,177,000CYProgramServiceRevenueAmt
PY Investment Income$3,120,241PYInvestmentIncomeAmt
CY Investment Income$16,609,234CYInvestmentIncomeAmt
PY Other Revenue$1,705,000PYOtherRevenueAmt
CY Other Revenue$1,570,000CYOtherRevenueAmt
PY Total Revenue$258,082,241PYTotalRevenueAmt
CY Total Revenue$282,768,234CYTotalRevenueAmt
PY Grants And Similar Paid$67,993,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$70,523,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$106,188,788PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$110,618,699CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$21,256PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$72,868CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,984,445CYTotalFundraisingExpenseAmt
PY Other Expenses$78,561,956PYOtherExpensesAmt
CY Other Expenses$79,139,433CYOtherExpensesAmt
PY Total Expenses$252,765,000PYTotalExpensesAmt
CY Total Expenses$260,354,000CYTotalExpensesAmt
PY Revenues Less Expenses$5,317,241PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$22,414,234CYRevenuesLessExpensesAmt
Total Assets BOY$507,885,000TotalAssetsBOYAmt
Total Assets EOY$565,001,000TotalAssetsEOYAmt
Total Liabilities BOY$204,071,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$213,190,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$303,814,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$351,811,000NetAssetsOrFundBalancesEOYAmt
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$141,973,000ExpenseAmt
Grant$70,523,000GrantAmt
Revenue$205,953,000RevenueAmt
Desc*INSTRUCTION* SEE SCHEDULE ODesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$37,893,000ExpenseAmt
Revenue$44,025,000RevenueAmt
Desc*AUXILIARY ENTERPRISES* SEE SCHEDULE ODesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$33,482,000ExpenseAmt
Revenue$1,570,000RevenueAmt
Desc*STUDENT SERVICES* SEE SCHEDULE ODesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$14,778,360TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$6,199,000TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$228,126,360TotalProgramServiceExpensesAmt
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 OrganizationsfalseGrantsToOrganizationsInd
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 EntYes (true)BusinessRlnWithOfficerEntInd
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
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document6393IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2852EmployeeCnt
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)
PersonJAMES FUERSTPersonNm
Phone7818912169PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1
CityWALTHAMCity
StateMAState
ZIP Code024524705ZIPCode

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)$621,550$0$95,756Yes (X)
WILLIAM TORREY
VICE PRESIDENT40.00.0$393,436$0$25,782Yes (X)
MICHAEL PAGE
VICE PRESIDENT/PROVOST40.00.0$375,150$0$34,313Yes (X)
KENNETH CODY
VICE PRESIDENT40.00.0$352,311$0$27,010Yes (X)
JOANN MCKENNA
VICE PRESIDENT40.00.0$303,075$0$30,199Yes (X)
J ANDREW SHEPARDSON
VICE PRESIDENT40.00.0$230,613$0$29,979Yes (X)
JUDITH MALONE
GENERAL COUNSEL40.00.0$212,621$0$45,123Yes (X)
ROBERT GALLIERS
PROFESSOR40.00.0$402,527$0$36,313Yes (X)
M LYNNE MARKUS
PROFESSOR40.00.0$366,640$0$34,300Yes (X)
JEAN BEDARD
PROFESSOR40.00.0$348,854$0$53,817Yes (X)
ROY WIGGINS III
DEAN40.00.0$313,661$0$49,718Yes (X)
DAVID PERRY
CHIEF MARKETING OFFICER40.00.0$284,747$0$47,728Yes (X)
TRACI LOGAN
FORMER VICE PRESIDENT40.00.0$341,192$0$34,815Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,546,377TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$544,853TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K222IndivRcvdGreaterThan100KCnt
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/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
HARVARD MAINTENANCE
570 SEVENTH AVENUENEW YORKNY10018FACILITIES SERVICES$263,648
KPMG
60 SOUTH STREETBOSTONMA02111AUDITORS$254,550
CAMBRIDGE ASSOCIATES
125 HIGH STREETBOSTONMA02110INVESTMENT ADVISORS$214,382
BOSTON CONSORTIUM
1763 GREAT PLAIN AVENEEDHAMMA02492INTERNAL AUDIT$171,295
WELLINGTON MANAGEMENT
280 CONGRESS STREETBOSTONMA02210INVESTMENT MGMT FEES$168,633
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt
Government Grants$1,498,000GovernmentGrantsAmt
All Other Contributions$6,914,000AllOtherContributionsAmt
Noncash Contributions$127,572NoncashContributionsAmt
Total Contributions$8,412,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$205,953,000$205,953,000
AUXILIARY900099$49,293,917$47,945,282$1,348,635
CONFERENCE SERVICES721000$824,010$824,010
NATATORIUM USE713990$106,073$106,073
FieldValueIRS element (for citing)
Total Program Service Revenue$256,177,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$920,000TotalRevenueColumnAmt
Unrelated Business Revenue$47,116UnrelatedBusinessRevenueAmt
Exclusion$872,884ExclusionAmt

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$67,283,000SecuritiesAmt
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$51,593,766SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$15,689,234SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,689,234TotalRevenueColumnAmt
Exclusion$15,689,234ExclusionAmt
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$1,570,000TotalRevenueColumnAmt
Related Or Exempt Func Income$1,570,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,570,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$282,768,234TotalRevenueColumnAmt
Related Or Exempt Func Income$255,468,282RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$977,199UnrelatedBusinessRevenueAmt
Exclusion$17,910,753ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$67,622,920TotalAmt
Program Services$67,622,920ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,900,080TotalAmt
Program Services$2,900,080ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,389,711TotalAmt
Program Services$253,359ProgramServicesAmt
Management And General$1,842,727ManagementAndGeneralAmt
Fundraising$293,625FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$84,792,598TotalAmt
Program Services$70,134,702ProgramServicesAmt
Management And General$11,201,835ManagementAndGeneralAmt
Fundraising$3,456,061FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,479,866TotalAmt
Program Services$5,014,077ProgramServicesAmt
Management And General$1,120,183ManagementAndGeneralAmt
Fundraising$345,606FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,368,578TotalAmt
Program Services$9,026,089ProgramServicesAmt
Management And General$1,918,394ManagementAndGeneralAmt
Fundraising$424,095FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,587,946TotalAmt
Program Services$4,466,617ProgramServicesAmt
Management And General$856,940ManagementAndGeneralAmt
Fundraising$264,389FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,775,913TotalAmt
Program Services$1,142,492ProgramServicesAmt
Management And General$531,358ManagementAndGeneralAmt
Fundraising$102,063FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$368,048TotalAmt
Management And General$367,778ManagementAndGeneralAmt
Fundraising$270FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$295,854TotalAmt
Management And General$295,854ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$2,303TotalAmt
Management And General$2,303ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$72,868TotalAmt
Fundraising$72,868FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,767,230TotalAmt
Program Services$5,146,917ProgramServicesAmt
Management And General$1,611,098ManagementAndGeneralAmt
Fundraising$9,215FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,551,968TotalAmt
Program Services$4,921,434ProgramServicesAmt
Management And General$615,656ManagementAndGeneralAmt
Fundraising$14,878FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,675,058TotalAmt
Program Services$4,431,183ProgramServicesAmt
Management And General$878,589ManagementAndGeneralAmt
Fundraising$365,286FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,068,830TotalAmt
Program Services$12,038,374ProgramServicesAmt
Management And General$27,752ManagementAndGeneralAmt
Fundraising$2,704FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,278,734TotalAmt
Program Services$1,167,679ProgramServicesAmt
Management And General$10,187ManagementAndGeneralAmt
Fundraising$100,868FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,946,615TotalAmt
Program Services$2,357,350ProgramServicesAmt
Management And General$408,162ManagementAndGeneralAmt
Fundraising$181,103FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,222,906TotalAmt
Program Services$6,931,269ProgramServicesAmt
Management And General$291,637ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$18,548,325TotalAmt
Program Services$17,853,247ProgramServicesAmt
Management And General$695,078ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$715,525TotalAmt
Program Services$64,446ProgramServicesAmt
Management And General$651,079ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PURCHASED SERVICES$8,012,764$5,545,677$2,116,445$350,642
STUDY ABROAD$4,212,175$4,212,175
LEASING AND RENTALS$1,693,664$1,639,221$54,443
STUDENT ORGANIZATIONS$1,206,642$1,206,642

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$796,879TotalAmt
Program Services$50,410ProgramServicesAmt
Management And General$745,697ManagementAndGeneralAmt
Fundraising$772FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$260,354,000TotalAmt
Program Services$228,126,360ProgramServicesAmt
Management And General$26,243,195ManagementAndGeneralAmt
Fundraising$5,984,445FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$23,025,000BOYAmt
EOY$32,030,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,627,242BOYAmt
EOY$3,338,391EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,011,758BOYAmt
EOY$943,609EOYAmt

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$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,610,000BOYAmt
EOY$2,218,952EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$419,568,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$183,278,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$241,437,000BOYAmt
EOY$236,290,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$159,720,067BOYAmt
EOY$191,000,669EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$67,340,933BOYAmt
EOY$77,047,331EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$7,903,000BOYAmt
EOY$8,054,000EOYAmt

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,210,000BOYAmt
EOY$14,078,048EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$507,885,000BOYAmt
EOY$565,001,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$24,049,000BOYAmt
EOY$24,614,000EOYAmt

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$6,615,000BOYAmt
EOY$5,364,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$136,006,000BOYAmt
EOY$145,455,000EOYAmt

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$37,401,000BOYAmt
EOY$37,757,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$204,071,000BOYAmt
EOY$213,190,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$209,980,000BOYAmt
EOY$241,795,000EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,399,000BOYAmt
EOY$65,177,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$43,435,000BOYAmt
EOY$44,839,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$303,814,000BOYAmt
EOY$351,811,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$507,885,000BOYAmt
EOY$565,001,000EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$22,414,234ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$26,447,766NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$865,000OtherChangesInNetAssetsAmt
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$6,454,171CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,039,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,354,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,241,000CurrentTaxYearMinus1YearAmt
Current Tax Year$8,412,000CurrentTaxYearAmt
Total$39,500,171TotalAmt

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$6,454,171CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,039,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,354,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,241,000CurrentTaxYearMinus1YearAmt
Current Tax Year$8,412,000CurrentTaxYearAmt
Total$39,500,171TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,563,207SubstantialContributorsTotAmt
Public Support Total170$36,936,964PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,840,710CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$463,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$693,982CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,124,645CurrentTaxYearMinus1YearAmt
Current Tax Year$872,884CurrentTaxYearAmt
Total$4,995,221TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,618CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus1 Year$53,075CurrentTaxYearMinus1YearAmt
Total$64,693TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,765,829CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,871,190CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,085,200CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,705,000CurrentTaxYearMinus1YearAmt
Current Tax Year$1,570,000CurrentTaxYearAmt
Total$8,997,219TotalAmt
FieldValueIRS element (for citing)
Total Support$53,557,304TotalSupportAmt
Gross Receipts Rltd Activities$1,175,952,741GrossReceiptsRltdActivitiesAmt
Public Support CY1700.68967PublicSupportCY170Pct
Public Support PY1700.67740PublicSupportPY170Pct
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$2,303OtherActivitiesAmt
Total Lobbying Expenditures$2,303TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1IFormAndLineReferenceDesc
ExplanationTOTAL MISCELLANEOUS LOBBYING EXPENSES OF $2,303 INCLUDES DUES PAID TO THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS AS IT RELATES TO THEIR LOBBYING EFFORTS.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$272,465AssetsIncludedAmt
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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$150,082,000BeginningYearBalanceAmt
Contributions$296,000ContributionsAmt
Investment Earnings Or Losses$20,682,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,688,612GrantsOrScholarshipsAmt
Other Expenditures$5,637,388OtherExpendituresAmt
End Year Balance$162,734,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.62000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.16000PrmnntEndowmentBalanceEOYPct
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$336,759,000OtherCostOrOtherBasisAmt
Depreciation$144,767,129DepreciationAmt
Book Value$191,991,871BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$48,441,000OtherCostOrOtherBasisAmt
Depreciation$38,310,741DepreciationAmt
Book Value$10,130,259BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,497,000OtherCostOrOtherBasisAmt
Depreciation$200,130DepreciationAmt
Book Value$2,296,870BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$236,290,000TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$55,032,670F
PARTNERSHIPS$22,014,661F
FieldValueIRS element (for citing)
Total Book Value Securities$77,047,331TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST RATE SWAP AGREEMENTS$22,836,000
POST RETIREMENT BENEFITS$8,362,000
REFUNDABLE U.S GOVERNMENT GRANTS$6,559,000
FieldValueIRS element (for citing)
Total Liability$37,757,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$309,724,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$26,447,766NetUnrealizedGainsInvstAmt
Other Revenue$508,000OtherRevenueAmt
Revenue Not Reported$26,955,766RevenueNotReportedAmt
Revenue Subtotal$282,768,234RevenueSubtotalAmt
Total Revenue Per Form990$282,768,234TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$261,727,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,373,000OtherExpensesIncludedAmt
Expenses Not Reported$1,373,000ExpensesNotReportedAmt
Expenses Subtotal$260,354,000ExpensesSubtotalAmt
Total Expenses Per Form990$260,354,000TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 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 62% OF ENDOWMENT AND THOSE FUNDS ARE AVAILABLE FOR USE ON AN AS-NEEDED BASIS.
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, 2014 OR 2013.
OTHER REVENUES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XI, LINE 2D CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $508,000
OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XII, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST TRUST $802,000 RECLASSIFICATION OF NET ASSETS ($112,000) CHANGE IN POST-RETIREMENT RETIREMENT COSTS $106,000 REFINANCING OF LONG TERM DEBT $577,000 TOTAL $1,373,000

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, 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 (7 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)Program ServicesSTUDY ABROAD$4,111,176
East Asia and the PacificProgram ServicesSTUDY ABROAD$1,608,781
South AmericaProgram ServicesSTUDY ABROAD$359,913
Middle East and North AfricaProgram ServicesSTUDY ABROAD$82,615
Sub-Saharan AfricaProgram ServicesSTUDY ABROAD$64,711
Central America and the CaribbeanProgram ServicesSTUDY ABROAD$55,206
Central America and the CaribbeanInvestments$30,974,035
FieldValueIRS element (for citing)
Subtotal Spent$37,256,437SubtotalSpentAmt
Total Spent$37,256,437TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIP ASSISTANCEEurope (Including Iceland and Greenland)167$2,183,570ACCT CREDIT
SCHOLARSHIP ASSISTANCEEast Asia and the Pacific38$560,850ACCT CREDIT
SCHOLARSHIP ASSISTANCESouth America9$141,560ACCT CREDIT
SCHOLARSHIP ASSISTANCESub-Saharan Africa1$14,100ACCT 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 EACH STUDENT'S ACCOUNT AND ARE USED TO OFFSET THE 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 STREETAddressLine1
CityW LYNDHURSTCity
StateNJState
ZIP Code07071ZIPCode
FieldValueIRS element (for citing)
ActivityFUNDRAISING SURVEYActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Gross Receipts$0GrossReceiptsAmt
Retained By Contractor$72,868RetainedByContractorAmt
Net To Organization-$72,868NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$0TotalGrossReceiptsAmt
Total Retained By Contractors$72,868TotalRetainedByContractorsAmt
Total Net To Organization-$72,868TotalNetToOrganizationAmt
Licensed StatesMALicensedStatesCd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP ASSISTANCEGrantTypeTxt
Recipient2761RecipientCnt
Cash Grant$67,622,920CashGrantAmt

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 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 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 (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$492,411$0$125,000$0$4,139$0$25,500$0$70,256$0$717,306$0$0$0
WILLIAM TORREY
VICE PRESIDENT$370,557$0$15,000$0$7,879$0$25,500$0$282$0$419,218$0$0$0
MICHAEL PAGE
VICE PRESIDENT/PROVOST$350,150$0$25,000$0$0$0$25,500$0$8,813$0$409,463$0$0$0
KENNETH CODY
VICE PRESIDENT$344,811$0$7,500$0$0$0$25,500$0$1,510$0$379,321$0$0$0
JOANN MCKENNA
VICE PRESIDENT$278,075$0$25,000$0$0$0$25,500$0$4,699$0$333,274$0$0$0
J ANDREW SHEPARDSON
VICE PRESIDENT$210,613$0$20,000$0$0$0$21,250$0$8,729$0$260,592$0$0$0
JUDITH MALONE
GENERAL COUNSEL$197,621$0$15,000$0$0$0$20,458$0$24,665$0$257,744$0$0$0
ROBERT GALLIERS
PROFESSOR$330,015$0$0$0$72,512$0$25,500$0$10,813$0$438,840$0$0$0
M LYNNE MARKUS
PROFESSOR$285,521$0$0$0$81,119$0$25,500$0$8,800$0$400,940$0$0$0
JEAN BEDARD
PROFESSOR$284,300$0$0$0$64,554$0$25,500$0$28,317$0$402,671$0$0$0
ROY WIGGINS III
DEAN$252,818$0$0$0$60,843$0$25,500$0$24,218$0$363,379$0$0$0
DAVID PERRY
CHIEF MARKETING OFFICER$264,747$0$20,000$0$0$0$25,500$0$22,228$0$332,475$0$0$0
TRACI LOGAN
FORMER VICE PRESIDENT$333,692$0$7,500$0$0$0$25,500$0$9,315$0$376,007$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
BENEFITSPART II, 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 $2,496 WHICH IS INCLUDED AS TAXABLE INCOME. 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 BUSINESS AND FINANCE.
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, LOGAN, MCKENNA, AND MALONE RECEIVED BONUS PAYMENTS. THE BONUSES ARE AWARDED BASED ON RECOMMENDATIONS MADE BY THE PRESIDENT AND ARE APPROVED BY THE COMPENSATION AND BENEFITS COMMITTEE WITH THE RATIONALE BASED UPON HER ASSESSMENT OF THE INDIVIDUAL'S PERFORMANCE.
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$41,816,878REFUNDINGfalsefalsefalse57583R2N4

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$0$0$71,143,000$0$0$0$504,913$0$0$834,306$59,624,181$10,179,6002015Yes (true)falsefalseYes (true)
B$0$0$37,157,000$0$0$0$0$0$0$0$37,157,000$02013Yes (true)falseYes (true)Yes (true)
C$7,506,878$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 OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndChange In Use Bond Financed PropChangeInUseBondFinancedPropPctRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalseYes (true)Yes (true)Yes (true)false0.013020.000000.01302falsefalse0.00000falseYes (true)
BfalseYes (true)Yes (true)Yes (true)false0.008770.000000.00877falsefalse0.00000falseYes (true)
C0.000000.000000.000000.00000

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/BusinessNameLine1Gross 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 L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonBCBS OF MASSACHUSETTSPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionGLORIA LARSON-PRESIDENTRelationshipDescriptionTxt
Transaction$134,568TransactionAmt
TransactionSEE PART VTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceBUSINESS TRANSACTIONS WITH INTERESTED PERSONSFormAndLineReferenceDesc
ExplanationPART IV LINE 1 GLORIA LARSON IS A MEMBER OF THE BOARD OF DIRECTORS OF BLUE CROSS BLUE SHIELD, AN INSURANCE COMPANY THE UNIVERSITY USES TO OFFER HEALTH COVERAGE FOR ITS RETIRED EMPLOYEES ONLY. THEIR APPOINTMENT IS REVIEWED ANNUALLY FOLLOWING RECOMMENDATION OF PRODUCT OFFERING AND PRICING BY AN INDEPENDENT BROKER. MS. LARSON HAS NEVER BEEN INVOLVED IN THE REVIEW OR DECISION PROCESS.ExplanationTxt

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
Contribution18ContributionCnt
Noncash Contributions Rpt F990$120,622NoncashContributionsRptF990Amt
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

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescEQUIPMENTDesc
Contribution2ContributionCnt
Noncash Contributions Rpt F990$6,950NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
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 TWO 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 TEACHER-SCHOLARS/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 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. THE UNIVERSITY FIRMLY BELIEVES THAT GETTING INVOLVED IN THESE TYPES OF PROGRAMS IS CRUCIAL TO SUCCESS AT THE UNIVERSITY. AT BENTLEY, YOU ARE SURROUNDED BY A STRONG STUDENT LEADER COMMUNITY - AND THAT IS WHAT MAKES OUR CAMPUS SUCH A STRONG AND VIBRANT PLACE TO BE. WE FIRMLY BELIEVE THAT GETTING INVOLVED IN STUDENT ORGANIZATIONS, COMMUNITIES AND CO-CURRICULAR ACTIVITIES IS CRUCIAL TO OUR SUCCESS ON CAMPUS. 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 MID APRIL FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW, THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD IN EARLY MAY 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 CONSUL TING 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. THIS INCLUDES REVIEW OF OTHER NON-PROFIT ORGANIZATIONS FORM 990, GENERAL SALARY SURVEYS AND STUDIES, AND REQUIRES APPROVAL BY THE FULL BOARD. IN ADDITION, THE UNIVERSITY USES 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 WITH THE TRUSTEE 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 BALANCES990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ 508,000 CHANGE IN VALUE OF SPLIT INTEREST TRUST $ (802,000) RECLASSIFICATION OF NET ASSETS $ 112,000 CHANGE IN POST-RETIREMENT RETIREMENT COSTS $ (106,000) REFINANCING OF LONG TERM DEBT $ (577,000) TOTAL $ (865,000)

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Entity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER ANNUITY TRUST (5)
CRATMABENTLEYTrustYes (true)
CHARITABLE REMAINDER UNITRUST (7)
CRUTMABENTLEYTrustYes (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 OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CRAT
A$1,151ACCRUAL
CRUT
A$72,409ACCRUAL