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BENTLEY UNIVERSITY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-13
IRS object ID
201411339349300111
Schema version
2012v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-13T07:44:34-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line160 South StreetAddressLine1
CityBostonCity
StateMAState
ZIP Code02111ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN041081650EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BENTLEY UNIVERSITYBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% JAMES FUERSTInCareOfName
Name ControlBENTNameControl
Phone7818912000Phone

US Address USAddress

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

Officer Officer

FieldValueIRS element (for citing)
NameKENNETH B CODYName
TitleVP ADMIN/FINANCE & TREASURTitle
Phone7818912169Phone
Date Signed2014-05-12DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone6179881000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKENNETH CODYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1175 FOREST STREETAddressLine1
CityWALTHAMCity
StateMAState
ZIP Code024524705ZIPCode
FieldValueIRS element (for citing)
Gross Receipts288242323GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.BENTLEY.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1917YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS BY CREATING AND DISSEMINATING IMPACTFUL KNOWLEDGE WITHIN AND ACROSS BUSINESS AND THE ARTS AND SCIENCES. SEE SCHEDULE OActivityOrMissionDescription
Nbr Voting Members Governing Body23NbrVotingMembersGoverningBody
Nbr Independent Voting Members21NbrIndependentVotingMembers
Total Nbr Employees2924TotalNbrEmployees
Total Nbr Volunteers40TotalNbrVolunteers
Total Gross UBI1120797TotalGrossUBI
Contributions Grants Prior Year6354000ContributionsGrantsPriorYear
Contributions Grants Current Year8241000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year233141190ProgramServiceRevenuePriorYear
Program Service Revenue CY245016000ProgramServiceRevenueCY
Investment Income Prior Year392000InvestmentIncomePriorYear
Investment Income Current Year3120241InvestmentIncomeCurrentYear
Other Revenue Prior Year2049452OtherRevenuePriorYear
Other Revenue Current Year1705000OtherRevenueCurrentYear
Total Revenue Prior Year241936642TotalRevenuePriorYear
Total Revenue Current Year258082241TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year62320000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY67993000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year104300247SalariesEtcPriorYear
Salaries Etc Current Year106188788SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY21256TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year5461233TotalFundrsngExpCurrentYear
Other Expense Prior Year75896395OtherExpensePriorYear
Other Expenses Current Year78561956OtherExpensesCurrentYear
Total Expenses Prior Year242516642TotalExpensesPriorYear
Total Expenses Current Year252765000TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-580000RevenuesLessExpensesPriorYear
Revenues Less Expenses CY5317241RevenuesLessExpensesCY
Total Assets BOY482366000TotalAssetsBOY
Total Assets EOY507885000TotalAssetsEOY
Total Liabilities BOY219019000TotalLiabilitiesBOY
Total Liabilities EOY204071000TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY263347000NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY303814000NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO EDUCATE CREATIVE, ETHICAL, AND SOCIALLY RESPONSIBLE ORGANIZATIONAL LEADERS BY CREATING AND DISSEMINATING IMPACTFUL KNOWLEDGE WITHIN AND ACROSS BUSINESS AND THE ARTS AND SCIENCES.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense136748000Expense
Grants67993000Grants
Revenue196434000Revenue
Description*INSTRUCTION* BENTLEY PLACES VITAL EMPHASIS ON THE QUALITY OF ITS TEACHER/SCHOLAR FACULTY. THE FACULTY IS COMMITTED TO ESTABLISHING EFFECTIVE TEACHING AND LEARNING RELATIONSHIPS WITH STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM WHILE PURSUING A SCHOLARLY AND RESEARCH AGENDA IN SUPPORT OF THE TEACHING MISSION. BENTLEY ENHANCES TEACHING EXCELLENCE ACROSS CAMPUS THROUGH A NUMBER OF INITIATIVES INCLUDING MENTORING ACTIVITIES, INTERNAL AND EXTERNAL DEVELOPMENT PROGRAMS, AND PROMOTING THE SCHOLARSHIP OF TEACHING AND LEARNING. CONTINUED ON SCHEDULE ODescription

Activity2 Activity2

FieldValueIRS element (for citing)
Expense37726000Expense
Grants0Grants
Revenue42443000Revenue
Description*AUXILIARY ENTERPRISES* THE MAIN PURPOSE OF THE UNIVERSITY'S AUXILIARY SERVICES IS TO PROVIDE ROOM AND BOARD CAPABILITIES TO THE STUDENTS WHO CHOOSE TO LIVE ON THE CAMPUS. ABOUT 80 PERCENT OF FULL-TIME BENTLEY UNDERGRADUATES LIVE ON CAMPUS - AND AMONG FRESHMEN, THAT FIGURE IS APPROXIMATELY 98 PERCENT. FRESHMAN LIVE IN TRADITIONAL DORMITORY RESIDENCE HALLS WITH DOUBLE, TRIPLE, OR QUAD OCCUPANCY. UNDERCLASSMEN OPTIONS INCLUDE SUITES AND ONE, TWO, AND THREE BEDROOM APARTMENTS WITH BATHROOMS AND KITCHENETTES. ALL STUDENTS BENEFIT FROM INDIVIDUAL ACCESS TO THE INTERNET AND THE UNIVERSITY NETWORK IN THEIR OWN ROOM. CONTINUED ON SCHEDULE ODescription

Activity3 Activity3

FieldValueIRS element (for citing)
Expense32044000Expense
Grants0Grants
Revenue1705000Revenue
Description*STUDENT SERVICES* BENTLEY IS DEDICATED TO CREATING A SAFE, CIVIL AND INCLUSIVE COMMUNITY. ITS STAFF STRIVES TO DEVELOP A COMFORTABLE LIVING ENVIRONMENT WHERE THE RULES AND NEEDS OF THE COMMUNITY ARE VITAL TO FOSTERING THE PERSONAL AND INTELLECTUAL GROWTH FOR ALL ITS RESIDENTIAL STUDENTS. CONTINUED ON SCHEDULE ODescription
FieldValueIRS element (for citing)
Total Of Other Program Service Exp14549000TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt0TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev6139000TotalOfOtherProgramServiceRev
Total Program Service Expense221067000TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualstrueMoreThan5000KToIndividuals
Professional FundraisingtrueProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondstrueTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersontrueGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10967408NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees2924NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members23NbrVotingGoverningBodyMembers
Number Independent Voting Members21NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonJAMES FUERSTNamePerson
Telephone Number7818912169TelephoneNumber

Address US AddressUS

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

Form990 Part VII Section A Form990PartVIISectionA (35 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
ROBERT ALAN
TRUSTEE1.0X000
KEVIN F ARMATA
TRUSTEE2.0X000
ROBERT P BADAVAS
VICE CHAIRMAN OF BOARD8.0X000
DALE L CARLETON
TRUSTEE1.0X000
J TERENCE CARLETON
TRUSTEE2.0X000
KENNETH H COLBURN
TRUSTEE1.0X000
JOHN W CUMMING
TRUSTEE1.0X000
CYNTHIA M DEYSHER
TRUSTEE2.0X000
WILLIAM C FREDA
TRUSTEE2.0X000
ANDREW J HAJDUCKY
TRUSTEE2.0X000
DANIEL A KESHIAN
TRUSTEE3.0X000
WCARL KESTER
TRUSTEE1.0X000
FRANCIS F KINGSLEY
TRUSTEE1.0X000
DEBORAH L LEITCH
TRUSTEE2.0X000
STEVEN P MANFREDI
CHAIRMAN OF BOARD10.0X000
I NORMAN MASSRY
TRUSTEE2.0X000
MARK B SKALETSKY
TRUSTEE1.0X000
NICKOLAS STAVROPOULOS
TRUSTEE1.0X000
JEROEN VAN DEN HOVEN
TRUSTEE1.0X000
DAVID H WEENER
TRUSTEE1.0X000
TANYA N HAIRSTON WHITNER
TRUSTEE2.0X000
BRIAN T ZINO
TRUSTEE1.0X000
GLORIA C LARSON
PRESIDENT/TRUSTEE65.0X585016094254X
WILLIAM TORREY
VICE PRESIDENT40.0385398025235X
MICHAEL J PAGE
VICE PRESIDENT/PROVOST40.0361688033426X
TRACI A LOGAN
COO AND VICE PRESIDENT40.0398209035926X
JOANN C MCKENNA
VICE PRESIDENT40.0293303030963X
JUDITH A MALONE
GENERAL COUNSEL & CORP. SEC40.0202848046117X
KENNETH B CODY
VICE PRESIDENT40.062422084X
JAMES E HUNTON
PROFESSOR40.0394439048054X
ROBERT D GALLIERS
PROFESSOR40.0389801038471X
M LYNNE MARKUS
PROFESSOR40.0380098033471X
JEAN C BEDARD
PROFESSOR40.0344277041291X
PAUL CLEMENTE
FORMER VICE PRESIDENT40.0320329045269X
KATHLEEN L YORKIS
FORMER VICE PRESIDENT0.0210161044698X
FieldValueIRS element (for citing)
Total Reportable Comp From Org4327989TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation517259TotalOtherCompensation
Number Individuals GT100 K235NumberIndividualsGT100K
Formers ListedtrueFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
KPMG
TWO FINANCIAL CTR 60 SOUTH STREETBOSTONMA02111AUDITORS248500
THE BOSTON CONSORTIUM
1763 GREAT PLAIN AVENUENEEDHAMMA02492INTERNAL AUDIT222068
CAMBRIDGE ASSOCIATES
125 HIGH STREETBOSTONMA02110INVESTMENT ADVISORS205554
GLOBAL LEARNING LLC
100 TRADE CENTER SUITE G-700WOBURNMA01801TRAVEL AGENT202572
HOLLAND KNIGHT LLP
10 ST JAMES AVENUEBOSTONMA02116LEGAL200529
FieldValueIRS element (for citing)
Number Of Contractors GT100 K10NumberOfContractorsGT100K
Government Grants1609000GovernmentGrants
All Other Contributions6632000AllOtherContributions
Noncash Contributions298121NoncashContributions
Total Contributions8241000TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeExclusionExclusionAmountUnrelated Business RevenueUnrelatedBusinessRevenue
TUITION AND FEES900099196434000196434000
AUXILIARY9000994747855846262249$1,216,309
CONFERENCE SERVICES72100010113561011356
NATATORIUM USE7139909208692086
FieldValueIRS element (for citing)
Total Program Service Revenue245016000TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1142000TotalRevenueColumn
Unrelated Business Revenue17355UnrelatedBusinessRevenue
Exclusion$1,124,645ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real0Real
Personal0Personal

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real0Real
Personal0Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities32138323Securities
Other0Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities30160082Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1978241Securities
Other0Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1978241TotalRevenueColumn
Exclusion$1,978,241ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events0GrossIncomeFundraisingEvents

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Gross Income Gaming0GrossIncomeGaming

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER SOURCESDescription
Business Code900099BusinessCode
Total Revenue Column1705000TotalRevenueColumn
Related Or Exempt Function Income1705000RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue1705000TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column258082241TotalRevenueColumn
Related Or Exempt Function Income244401249RelatedOrExemptFunctionIncome
Unrelated Business Revenue1120797UnrelatedBusinessRevenue
Exclusion$4,319,195ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total65660858Total
Program Services65660858ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total2332142Total
Program Services2332142ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total2486303Total
Program Services183354ProgramServices
Management And General2036949ManagementAndGeneral
Fundraising266000Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total80994193Total
Program Services66559422ProgramServices
Management And General11205243ManagementAndGeneral
Fundraising3229528Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total6349687Total
Program Services4717091ProgramServices
Management And General1294000ManagementAndGeneral
Fundraising338596Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total11112226Total
Program Services9091446ProgramServices
Management And General1658679ManagementAndGeneral
Fundraising362101Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total5246379Total
Program Services4007580ProgramServices
Management And General991427ManagementAndGeneral
Fundraising247372Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total992822Total
Program Services538455ProgramServices
Management And General433492ManagementAndGeneral
Fundraising20875Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total684172Total
Management And General681091ManagementAndGeneral
Fundraising3081Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total280645Total
Management And General280645ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total2134Total
Management And General2134ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total21256Total
Fundraising21256Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total6154400Total
Program Services4776017ProgramServices
Management And General1378383ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total5338578Total
Program Services4920655ProgramServices
Management And General406928ManagementAndGeneral
Fundraising10995Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total5803800Total
Program Services4550634ProgramServices
Management And General975667ManagementAndGeneral
Fundraising277499Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total13733354Total
Program Services13366659ProgramServices
Management And General231213ManagementAndGeneral
Fundraising135482Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total1206702Total
Program Services1089331ProgramServices
Management And General21228ManagementAndGeneral
Fundraising96143Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total1214622Total
Program Services1032773ProgramServices
Management And General149701ManagementAndGeneral
Fundraising32148Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total7852599Total
Program Services7516456ProgramServices
Management And General336143ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total18939847Total
Program Services18256545ProgramServices
Management And General683302ManagementAndGeneral
Fundraising0Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total643518Total
Program Services25563ProgramServices
Management And General617955ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
PURCHASED SERVICES772571352020312104758418924
LEASING AND RENTALS16846191628823545631233
STUDY ABROAD42536434253643
MISCELLANEOUS20507881357522693266

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total252765000Total
Program Services221067000ProgramServices
Management And General26236767ManagementAndGeneral
Fundraising5461233Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY18890000BOY
EOY23025000EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY3057000BOY
EOY2627242EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1062000BOY
EOY1011758EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY1538000BOY
EOY2610000EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis413627000LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec172190000LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY244582000BOY
EOY241437000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY141029197BOY
EOY159720067EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY62028803BOY
EOY67340933EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY7976000BOY
EOY7903000EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY2203000BOY
EOY2210000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY482366000BOY
EOY507885000EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY25818000BOY
EOY24049000EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY7517000BOY
EOY6615000EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY139200000BOY
EOY136006000EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY46484000BOY
EOY37401000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY219019000BOY
EOY204071000EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY178902000BOY
EOY209980000EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY42896000BOY
EOY50399000EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY41549000BOY
EOY43435000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY263347000BOY
EOY303814000EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY482366000BOY
EOY507885000EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses5317241ReconcilationRevenueExpenses
Reconciliation Unrealized Invest24140759ReconciliationUnrealizedInvest
Reconcilation Other Changes11009000ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbying
Total Direct LobbyingTotalDirectLobbying
Total Lobbying ExpendituresTotalLobbyingExpenditures
Other Exempt Purpose ExpendituresOtherExemptPurposeExpenditures
Total Exempt Purpose ExpendituresTotalExemptPurposeExpenditures
Lobbying NontaxableLobbyingNontaxableAmount
Grassroots NontaxableGrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non TxTotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying NontxTotLobbyExpendMnsLobbyingNontx
VolunteersfalseVolunteers
Paid Staff Or ManagementfalsePaidStaffOrManagement
Media AdvertisementsfalseMediaAdvertisements
Mailings MembersfalseMailingsMembers
Publications Or BroadcastfalsePublicationsOrBroadcast
Grants Other OrganizationsfalseGrantsOtherOrganizations
Direct Contact LegislatorsfalseDirectContactLegislators
Rallies DemonstrationsfalseRalliesDemonstrations
Other ActivitiestrueOtherActivities
Other Activities$2,134OtherActivitiesAmount
Total Lobbying Expenditures IIB2134TotalLobbyingExpendituresIIB
Not Described In501c3falseNotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierLOBBYING EXPENSESIdentifier
Return ReferencePART II-B, LINE 1IReturnReference
ExplanationTOTAL MISCELLANEOUS LOBBYING EXPENSES OF $2,134 INCLUDES DUES PAID TO THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS AS IT RELATES TO THEIR LOBBYING EFFORTS.Explanation

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

FieldValueIRS element (for citing)
Assets In Part X242465AssetsInPartX
FieldValueIRS element (for citing)
Held Works Of Art AmtsHeldWorksOfArtAmts
Collect Used For PreservationXCollectUsedForPreservation
Solicited Assets For SalefalseSolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance192708000BeginningOfYearBalance
Contributions7747000Contributions
Investment Earnings Or Losses26113000InvestmentEarningsOrLosses
Grants Or Scholarships2267487GrantsOrScholarships
Other Expenditures6367513OtherExpenditures
End Of Year Balance217933000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance199966000BeginningOfYearBalance
Contributions2344000Contributions
Investment Earnings Or Losses-1968000InvestmentEarningsOrLosses
Grants Or Scholarships2293506GrantsOrScholarships
Other Expenditures5340494OtherExpenditures
End Of Year Balance192708000EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance162734000BeginningOfYearBalance
Contributions14154000Contributions
Investment Earnings Or Losses30201000InvestmentEarningsOrLosses
Grants Or Scholarships2478770GrantsOrScholarships
Other Expenditures4644230OtherExpenditures
End Of Year Balance199966000EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance150082000BeginningOfYearBalance
Contributions296000Contributions
Investment Earnings Or Losses20682000InvestmentEarningsOrLosses
Grants Or Scholarships2688612GrantsOrScholarships
Other Expenditures5637388OtherExpenditures
End Of Year Balance162734000EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance213924000BeginningOfYearBalance
Contributions360000Contributions
Investment Earnings Or Losses-54021000InvestmentEarningsOrLosses
Grants Or Scholarships2550479GrantsOrScholarships
Other Expenditures7630521OtherExpenditures
End Of Year Balance150082000EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.62000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.19000PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.19000TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis31871000OtherCostOrOtherBasis
Book Value31871000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis333549000OtherCostOrOtherBasis
Depreciation134412345Depreciation
Book Value199136655BookValue
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovements

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis47574000OtherCostOrOtherBasis
Depreciation37652327Depreciation
Book Value9921673BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis633000OtherCostOrOtherBasis
Depreciation125328Depreciation
Book Value507672BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings241437000TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
HEDGE FUNDS49837202F
PARTNERSHIPS17503731F
FieldValueIRS element (for citing)
Total Of Book Value Securities67340933TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
INTEREST RATE SWAP AGREEMENTS$23,344,000
POST RETIREMENT BENEFITS$7,430,000
REFUNDABLE U.S. GOVERNMENT GRA$6,627,000
FieldValueIRS element (for citing)
Total Of Amounts37401000TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt293576000TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments24140759NetUnrealizedGainsInvestments
Other Revenues11353000OtherRevenues
Revenue Not Rptd F99035493759RevenueNotRptdF990
Revenue Subtotal258082241RevenueSubtotal
Total Revenue Per Form990258082241TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt253109000TotExpensesEtcAuditedFinclStmt
Other Expenses Included344000OtherExpensesIncluded
Expenses Not Rptd F990344000ExpensesNotRptdF990
Expenses Subtotal252765000ExpensesSubtotal
Total Expenses Per Form990252765000TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
COLLECTIONS OF ARTPART III, LINE 4THE 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 4THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIPS TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES.
FIN 48 (ASC 740) FOOTNOTEPART X, LINE 2THE UNIVERSITY GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 OR 2012.
OTHER REVENUES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XI, LINE 2DCHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $11,353,000
OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990PART XII, LINE 2DCHANGE IN VALUE OF SPLIT INTEREST TRUST $238,000 CHANGE IN POST-RETIREMENT RETIREMENT COSTS $106,000 TOTAL $344,000

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
NONDISCRIMINATORY POLICYSCHEDULE E, LINE 3BENTLEY UNIVERSITY DOES NOT DISCRIMINATE IN ADMISSION OR ACCESS TO, OR TREATMENT OF EMPLOYMENT IN, ANY OF ITS EDUCATIONAL PROGRAMS OR ACTIVITIES, INCLUDING SCHOLARSHIPS, LOANS, AND ATHLETICS, ON THE BASIS OF RACE, COLOR, SEX, MARITAL OR PARENTAL STATUS, AGE, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN, RELIGION, HANDICAP, DISABILITY, OR OTHER LEGALLY PROTECTED CLASSIFICATIONS. THE COLLEGE COMPLIES WITH THE 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 HAD EXPERIENCED ADVERSE TREATMENT MAY REGISTER A COMPLAINT WITH THE PRESIDENT'S ASSISTANT FOR EQUAL OPPORTUNITY, ROOM 306, RAUCH ADMINISTRATION CENTER, BENTLEY UNIVERSITY, 175 FOREST STREET, WALTHAM, MA 02452, TELEPHONE 781-891-2907. THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED IN STUDENT REGISTRATION MATERIALS, THE UNIVERSITY'S COURSE CATALOG, AND FOR THE RECRUITMENT PROCESS ON THE HUMAN RESOURCE WEBSITE.
FINANCIAL AID AND GOVERNMENTAL ASSISTANCESCHEDULE E, LINE 6ATHE 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 MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)

RegionRegionNumber Of OfficesNumberOfOfficesNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpenditures
East Asia and the Pacific00Program ServicesSTUDY ABROAD1246538
Europe (Including Iceland and Greenland)00Program ServicesSTUDY ABROAD3094167
Middle East and North Africa00Program ServicesSTUDY ABROAD35905
South America00Program ServicesSTUDY ABROAD202575
Sub-Saharan Africa00Program ServicesSTUDY ABROAD149299
Central America and the Caribbean00Investments24974799
FieldValueIRS element (for citing)
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent29703283SubtotalAmountSpent
Total Amount Spent29703283TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (5 entries)

Type Of AssistanceTypeOfAssistanceRegionRegionNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursement
ACCOUNT CREDITEast Asia and the Pacific40548100ACCT CREDIT
ACCOUNT CREDITEurope (Including Iceland and Greenland)1301615798ACCT CREDIT
ACCOUNT CREDITSub-Saharan Africa693804ACCT CREDIT
ACCOUNT CREDITMiddle East and North Africa235905ACCT CREDIT
ACCOUNT CREDITSouth America338535ACCT CREDIT
FieldValueIRS element (for citing)
Transfer To Foreign CorptrueTransferToForeignCorp
Interest In Foreign TrustfalseInterestInForeignTrust
Own Foreign CorptrueOwnForeignCorp
Passive Foreign Invest CotruePassiveForeignInvestCo
Foreign PartnershiptrueForeignPartnership
Boycott CountriestrueBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
MONITOR THE USE OF GRANT FUNDS OUTSIDE THE U.S.PART I, LINE 2THE 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 FTHE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Email SolicitationsXEmailSolicitations
Phone SolicitationsXPhoneSolicitations
In Person SolicitationsXInPersonSolicitations
Solicitation Of Non Govt GrantsXSolicitationOfNonGovtGrants
Solicitation Of Govt GrantsXSolicitationOfGovtGrants
Agreement Ref FundraisingtrueAgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

FieldValueIRS element (for citing)
Name Of IndividualMARTS LUNDY 1200 WALL ST W LYNDNameOfIndividual

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11200 WALL STREETAddressLine1
CityWEST LYNDHURSTCity
StateNJState
ZIP Code07071ZIPCode
FieldValueIRS element (for citing)
ActivityANALYSIS & SURVEYActivity
Fundraiser Control Of FundsfalseFundraiserControlOfFunds
Gross Receipts0GrossReceipts
Amount Retained By Contractor21256AmountRetainedByContractor
Net To Organization-21256NetToOrganization
FieldValueIRS element (for citing)
Total Gross Receipts0TotalGrossReceipts
Total Retained By Contractors21256TotalRetainedByContractors
Total Net To Organization-21256TotalNetToOrganization
Licensed StatesMALicensedStates

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIP ASSISTANCETypeOfGrant
Number Of Recipients2851NumberOfRecipients
Amount Of Cash Grant65660858AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierMONITOR THE USE OF GRANT FUNDS IN THE U.S.Identifier
Return ReferencePART I, LINE 2ReturnReference
ExplanationTHE 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.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Personal ServicesXPersonalServices
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentstrueAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
GLORIA C LARSON
PRESIDENT/TRUSTEE4753080105000047080250000692540679270000
WILLIAM TORREY
VICE PRESIDENT3703980150000002500002350410633000
MICHAEL J PAGE
VICE PRESIDENT/PROVOST34168802000000025000084260395114000
TRACI A LOGAN
COO AND VICE PRESIDENT3282090150000550000250000109260434135000
JOANN C MCKENNA
VICE PRESIDENT27330302000000025000059630324266000
JUDITH A MALONE
GENERAL COUNSEL & CORP. SEC190348012500000199590261580248965000
JAMES E HUNTON
PROFESSOR322895000715440250000230540442493000
ROBERT D GALLIERS
PROFESSOR319057000707440250000134710428272000
M LYNNE MARKUS
PROFESSOR278594000101504025000084710413569000
JEAN C BEDARD
PROFESSOR281048000632290250000162910385568000
PAUL CLEMENTE
FORMER VICE PRESIDENT295329025000000250000202690365598000
KATHLEEN L YORKIS
FORMER VICE PRESIDENT21016100000215250231730254859000

Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
BENEFITSPART II, LINE 1THE 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 NONTAXBLE BENEFIT IN COLUMN D. IN ADDITION, ESTIMATED PERSONAL COST RELATED TO MAID SERVICE FOR THE HOUSE IS $4,596 WHICH IS INCLUDED AS TAXABLE INCOME.
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. M. LYNNE MARKUS RECEIVED AN AWARD THAT HIGHLIGHTS A LIFETIME OF SCHOLARLY WORK DEMONSTRATED BY A DISTINGUISHED FACULTY MEMBER. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). TORREY, PAGE, LOGAN, MCKENNA, MALONE, AND CLEMENTE 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, HUNTON, MARKUS, AND BEDARD 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

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Bond ReferenceBondReferenceCdIssuer EINIssuerEINDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancingCUSIP NumberCUSIPNumber
MA DEVELOPMENT FINANCE AGENCY
A0434318142008-05-1560000000$56.1M REFUNDING PRIOR TO DEBT; $3falsefalsefalse
MA DEVELOPMENT FINANCE AGENCY
B0434318142010-09-1641816878REFUNDINGfalsefalsefalse57583R2N4

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Bond ReferenceBondReferenceCdAmount RetiredAmountRetiredAmount Bond DefeasedAmountBondDefeasedTotal ProceedsTotalProceedsAmount In Reserve FundAmountInReserveFundCapitalized InterestCapitalizedInterestRefunding EscrowRefundingEscrowIssuance Costs From ProceedsIssuanceCostsFromProceedsCredit EnhancementCreditEnhancementWorking Capital ExpendituresWorkingCapitalExpendituresCapital ExpendituresCapitalExpendituresOther Spent ProceedsOtherSpentProceedsAmount UnspentAmountUnspentYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A77140000600000000001125500037874505610000002008truefalsetruetrue
B61418780418168780004546970004136218102010truefalsetruetrue

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyEngage Bond Counsel ContractsEngageBondCounselContractsAny Research AgreementsAnyResearchAgreementsPrcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthersPercentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBITotal Private Business UseTotalPrivateBusinessUseBond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTestChange In Use Bond Financed PropChangeInUseBondFinancedPropRemedial Action TakenRemedialActionTakenNon Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
Afalsetruetruetruefalse0.011600.000000.01160falsefalsefalsetrue
B0.000000.000000.00000

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledException To RebateExceptionToRebateVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsGross Proceeds Invested In GICGrossProceedsInvestedInGICBusiness Name Line1NameOfGICProvider/BusinessNameLine1Gross Proceeds InvestedGrossProceedsInvestedWritten Proc To Monitor ReqsWrittenProcToMonitorReqs
0
Afalsetruetruefalsefalse0falsetrue
0
Bfalsetruefalsefalsefalse0falsetrue

Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)

Bond ReferenceBondReferenceCdProc To Undertk Corrective ActionProcToUndertkCorrectiveAction
Atrue
Btrue

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

FieldValueIRS element (for citing)
Name Of Interested PersonNANameOfInterestedPerson
Relationship With OrganizationN/ARelationshipWithOrganization
Amount Of Grant12710AmountOfGrant
Type Of AssistanceSCHOLARSHIPTypeOfAssistance
Purpose Of AssistanceSCHOLARSHIPPurposeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonBCBS OF MASSACHUSETTSNamePerson
FieldValueIRS element (for citing)
RelationshipGLORIA LARSON - PRESIDENTRelationship
Amount Of Transaction160292AmountOfTransaction
Description Of TransactionSEE PART VDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
IdentifierBUSINESS TRANSACTIONS WITH INTERESTED PERSONSIdentifier
Return ReferencePART IV LINE 1ReturnReference
ExplanationGLORIA 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.Explanation

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArt
Art Historical TreasuresArtHistoricalTreasures
Art Fractional InterestArtFractionalInterest
Books And PublicationsBooksAndPublications
Clothing And Household GoodsClothingAndHouseholdGoods
Cars And Other VehiclesCarsAndOtherVehicles
Boats And PlanesBoatsAndPlanes
Intellectual PropertyIntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions18NumberOfContributions
Noncash Contribs Rptd F990291859NoncashContribsRptdF990
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStock
Securities Prtnrshp Trust IntrstsSecuritiesPrtnrshpTrustIntrsts
Securities MiscellaneousSecuritiesMiscellaneous
Qualified Contrib Hist StructQualifiedContribHistStruct
Qualified Contrib OtherQualifiedContribOther
Real Estate ResidentialRealEstateResidential
Real Estate CommercialRealEstateCommercial
Real Estate OtherRealEstateOther
CollectiblesCollectibles
Food InventoryFoodInventory
Drugs And Medical SuppliesDrugsAndMedicalSupplies
TaxidermyTaxidermy
Historical ArtifactsHistoricalArtifacts
Scientific SpecimensScientificSpecimens
Archaeological ArtifactsArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XEQUIPMENT23845FAIR MARKET VALUE
XMISC. EVENTS/TICKETS22417FAIR MARKET VALUE
FieldValueIRS element (for citing)
Number Of8283 Received0NumberOf8283Received
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

FieldValueIRS element (for citing)
IdentifierPART I, COLUMN BIdentifier
ExplanationTHE AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990, PART I, LINE 1UNDERGRADUATE PROGRAM: A BENTLEY EDUCATION IS AN UNPARALLELED FUSION OF BUSINESS AND THE ARTS AND SCIENCES. BENTLEY'S EXPANSIVE CURRICULUM, FOCUSING ON BUSINESS, TECHNOLOGY, AND THE LIBERAL ARTS, PROVIDES STUDENTS WITH NUMEROUS OPTIONS, INCLUDING A LIBERAL STUDIES MAJOR, FOR SHAPING AN ACADEMIC PROGRAM THAT FITS THEIR SKILLS, INTERESTS, AND CAREER GOALS. THE MAJORITY OF STUDENTS AT BENTLEY MAJOR IN BUSINESS, WHILE SIMULTANEOUSLY ENROLLED IN A BASIC CORE OF LIBERAL ARTS COURSES. BENTLEY ALSO OFFERS SEVERAL OUTSTANDING MAJORS IN ARTS AND SCIENCES. IN ADDITION, NEARLY 800 OF BENTLEY'S 4,000 UNDERGRADUATES DOUBLE-MAJOR IN BUSINESS AND BENTLEY'S INNOVATIVE LIBERAL STUDIES MAJOR (LSM). BENTLEY IS ONE OF THE FEW INSTITUTIONS WHERE A DOUBLE-MAJOR IN BUSINESS AND ARTS AND SCIENCES IS DESIGNED TO BE COMPLETED IN FOUR YEARS. THE UNDERGRADUATE PROGRAM AT BENTLEY OFFERS A VARIETY OF ACADEMIC STUDIES. STUDENTS MAY CHOOSE A MAJOR THAT ENABLES THEM TO DEVELOP EXPERTISE IN A SPECIFIC AREA OF BUSINESS OR PURSUE AN ARTS AND SCIENCES DEGREE, INCLUDING MAJORS IN HISTORY, GLOBAL STUDIES, LIBERAL ARTS, MATHEMATICAL SCIENCES, MEDIA AND CULTURE, OR PHILOSOPHY. IN EITHER CASE, STUDIES ARE CHARACTERIZED BY A BALANCE OF BUSINESS AND GENERAL EDUCATION SELECTIONS -- THE BEST COMBINATION FOR PREPARING TOMORROW'S PROFESSIONALS. THE BUSINESS SKILLS THAT STUDENTS DEVELOP ARE ENHANCED BY A CURRICULUM THAT INTEGRATES THE USE OF COMPUTERS AS TOOLS OF ANALYSIS, DECISION-MAKING AND MANAGEMENT. MOREOVER, STUDENTS GAIN FROM THEIR INTERACTION WITH EXPERIENCED FACULTY WHO ARE BUSINESS PROFESSIONALS AND SCHOLARS IN THEIR FIELDS. EIGHTY-THREE PERCENT HOLD DOCTORAL DEGREES. BENTLEY PROVIDES FACULTY WITH THE RESOURCES NECESSARY FOR QUALITY RESEARCH AND TEACHING. GRADUATE PROGRAM: TODAY'S BUSINESS WORLD THRIVES ON INFORMATION AND INNOVATION -- BOTH OF WHICH DRIVE MBA AND MS PROGRAMS AT THE GRADUATE SCHOOL OF BUSINESS AT BENTLEY UNIVERSITY, A LEADER AMONG BUSINESS GRADUATE SCHOOLS IN BOSTON. THE UNIVERSITY COMBINES DISTINCTIVE PROGRAMS, RESOURCES AND EXPERIENCES TO MAXIMIZE RETURN ON INVESTMENT IN PURSUING A BUSINESS GRADUATE PROGRAM IN BOSTON. THE THREE MBA PROGRAMS AND SEVEN MS PROGRAMS ARE DESIGNED TO EQUIP STUDENTS WITH BROAD-BASED SKILLS IN COMMUNICATION, LEADERSHIP AND OTHER CRUCIAL BUSINESS FUNCTIONS, WHILE ALSO ALLOWING ONE TO DEVELOP SPECIALIZED EXPERTISE IN A FIELD OF INTEREST. INDUSTRY LEADERS PLAY A KEY ROLE IN DEVELOPING MASTERS PROGRAMS IN BOSTON THAT DELIVER THE SPECIFIC SKILLS REQUIRED FOR SUCCESS IN A GIVEN FIELD. BENTLEY'S PROFESSORS ARE ACTIVE SCHOLARS AND RESEARCHERS, WHOSE OWN WORK IN BUSINESS ENRICHES COURSES AND CLASS DISCUSSIONS. STUDIES WILL BE ENHANCED THROUGH CLOSE COLLABORATION WITH CLASSMATES, WHO COME FROM ACROSS THE WORLD AND REPRESENT A CROSS-SECTION OF FIELDS AND INDUSTRIES. THIS EXPOSURE TO DIVERSE PERSPECTIVES PROVIDES ONE WITH FRESH INSIGHTS INTO BUSINESS ISSUES. TODAY'S GRADUATE STUDENTS ALSO WILL BENEFIT FROM A COLLECTION OF HIGH-TECH LEARNING LABS, WHERE EXPERIENCE USING THE LATEST SOFTWARE AND HARDWARE WILL HELP A STUDENT HIT THE GROUND RUNNING IN THE PROFESSIONAL ENVIRONMENT. THIS ARRAY OF HIGH-TECH RESOURCES, UNIQUE AMONG BUSINESS GRADUATE PROGRAMS IN BOSTON, ENSURES THAT THE DEDICATED STUDENT WILL BE ABLE TO FORGE IMMEDIATE CONNECTIONS BETWEEN YOUR CURRICULUM AND REAL-WORLD BUSINESS NEEDS AND DEMANDS. DOCTORAL PROGRAM: THE TWO BENTLEY PHD PROGRAMS (IN ACCOUNTANCY AND BUSINESS) ARE BOTH THEMATICALLY FOCUSED AROUND BUSINESS, SOCIETY AND TECHNOLOGY. THE BUSINESS-FOCUSED PHD PROGRAMS ARE ENHANCED BY CONTRIBUTIONS FROM FACULTY IN ARTS AND SCIENCES, WHO WORK ALONGSIDE FACULTY IN THE BUSINESS DISCIPLINES. THIS ENSURES THAT THE STUDENT WILL RECEIVE A BROAD LIBERAL EDUCATION, AS WELL AS ACQUIRING DEPTH IN A PARTICULAR FIELD OF STUDY. THE UNIVERSITY BELIEVES A BROAD YET DEEP EDUCATION BETTER EQUIPS ONE FOR A CAREER IN EITHER ACADEMIA OR BUSINESS. EDUCATING STUDENTS TO BE EFFECTIVE AND CREATIVE LEADERS IN A COMPLEX GLOBAL ENVIRONMENT IS CENTRAL TO BENTLEY'S MISSION. FACULTY EXCELS AT TEACHING, THE DEVELOPMENT OF INNOVATIVE CURRICULUM, AND THE DISSEMINATION OF RESEARCH AND KNOWLEDGE. BENTLEY EMPHASIZES THE IMPORTANCE OF TEACHING AND PROVIDES SUPPORT FOR PROMOTING AND RECOGNIZING FACULTY EXCELLENCE IN THE CLASSROOM. UNDERGRADUATE AND GRADUATE BUSINESS PROGRAMS AT BENTLEY UNIVERSITY ARE ACCREDITED BY THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB). THE ACCREDITATION INDICATES THAT BENTLEY UNIVERSITY MEETS OR EXCEEDS ESTABLISHED STANDARDS, AS DETERMINED BY PERIODIC AACSB PEER GROUP REVIEW. THE AACSB QUALITY STANDARDS RELATE TO CURRICULUM, FACULTY RESOURCES, ADMISSIONS, DEGREE REQUIREMENTS, LIBRARY AND COMPUTER FACILITIES, FINANCIAL RESOURCES AND INTELLECTUAL CLIMATE. BENTLEY UNIVERSITY IS ALSO ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES INC. (NEASC), INDICATING THAT THE SCHOOL MEETS OR EXCEEDS ESTABLISHED STANDARDS, AS DETERMINED BY A PERIODIC PEER GROUP REVIEW. AS AN ACCREDITED UNIVERSITY, BENTLEY IS JUDGED TO HAVE THE NECESSARY RESOURCES AND INSTITUTIONAL INTEGRITY TO ACHIEVE ITS STATED PURPOSE THROUGH ITS EDUCATIONAL PROGRAMS. NEASC ACCREDITATION APPLIES TO BENTLEY AS A WHOLE, AND PROVIDES A REASONABLE ASSURANCE ABOUT THE QUALITY OF OPPORTUNITIES AVAILABLE TO ITS STUDENTS. AS PART OF A REGULAR TEN-YEAR CYCLE OF REVIEW BY NEASC'S COMMISSION ON INSTITUTIONS OF HIGHER EDUCATION (CIHE), BENTLEY HAS UNDERGONE A COMPREHENSIVE SELF-STUDY PROCESS WHICH CULMINATED IN A 10 YEAR ACCREDITATION IN JANUARY 2014. THIS WAS A RESULT OF A VISIT TO CAMPUS BY A TEAM OF PEER EVALUATORS IN MARCH 2013. 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. INSTITUTIONS ACCREDITED BY EQUIS MUST DEMONSTRATE NOT ONLY HIGH GENERAL QUALITY IN ALL DIMENSIONS OF THEIR ACTIVITIES, BUT ALSO A HIGH DEGREE OF INTERNATIONALIZATION. WITH COMPANIES RECRUITING WORLDWIDE, MORE STUDENTS CHOOSING TO OBTAIN THEIR EDUCATION OUTSIDE THEIR HOME COUNTRIES, AND SCHOOLS BUILDING ALLIANCES ACROSS BORDERS AND CONTINENTS, THERE IS A RAPIDLY GROWING NEED FOR EACH GROUP TO BE ABLE TO IDENTIFY THOSE INSTITUTIONS IN ANY OTHER COUNTRY THAT DELIVER HIGH QUALITY EDUCATION IN INTERNATIONAL MANAGEMENT, ACCORDING TO EQUIS.
PROGRAM SERVICESFORM 990, PART III, LINES 4A-4DLINE 4A, INSTRUCTION (CONTINUED): TO ADVANCE THE FRONTIERS OF KNOWLEDGE, FOSTER CURRICULAR INNOVATION, ENHANCE TEACHING, AND INFORM AND IMPROVE BUSINESS PRACTICE, BENTLEY PROFESSORS PURSUE A RIGOROUS AGENDA OF SCHOLARSHIP AND APPLIED RESEARCH. MUCH OF THIS WORK IS TRANSDISCIPLINARY WITH FACULTY FROM THE BUSINESS DISCIPLINES AND THE ARTS AND SCIENCES COLLABORATING WITH ONE ANOTHER AS WELL AS WITH OUTSIDE SCHOLARS AND BUSINESS LEADERS. ACCORDINGLY, THE BENTLEY CLASSROOM BECOMES A LABORATORY FOR LEARNING WHEN HIGHLY RESPECTED SCHOLARS INTERACT WITH STIMULATED STUDENTS. LINE 4B, AUXILIARY ENTERPRISES (CONTINUED): OTHER AMENITIES INCLUDE ON-SITE LAUNDRY FACILITIES, AIR CONDITIONING, VENDING MACHINES, AND IN SOME BUILDINGS, GAME ROOMS AND WORKOUT FACILITIES. A RESIDENT ASSISTANT LIVES ON EACH FLOOR TO ASSIST STUDENTS. AT BENTLEY, DINING SERVICES OFFERS A RANGE OF DELICIOUS AND CONVENIENT DINING OPTIONS. LINE 4C, STUDENT SERVICES (CONTINUED): SAFETY AND CIVILITY ARE ACHIEVED BY THE JUDICIOUS APPLICATION OF COLLEGE RULES AND POLICIES TO PROMOTE PERSONAL ACCOUNTABILITY AND RESPONSIBILITY. PERSONAL GROWTH AND INCLUSIVENESS ARE SUPPORTED THROUGH STUDENT-CENTERED PROGRAMMING EFFORTS, HIGHLIGHTING THE IMPORTANCE OF CELEBRATING DIFFERENCES, BUILDING HEALTHY RELATIONSHIPS AND CREATING LEADERSHIP OPPORTUNITIES. INTELLECTUAL GROWTH IS ALSO STIMULATED BY CREATING RESIDENTIAL ENVIRONMENTS THAT ALLOW STUDENTS TO PURSUE THE ACADEMIC ENDEAVORS WHICH ARE NECESSARY FOR THE SUCCESSFUL COMPLETION OF A BENTLEY EDUCATION. THE RESIDENTIAL COMMUNITY OFFERS THE DIVERSE ARRAY OF STUDENTS AT BENTLEY OPPORTUNITIES FOR PERSONAL GROWTH AND DEVELOPMENT TO COMPLEMENT THEIR ACADEMIC AND PROFESSIONAL ACHIEVEMENTS. THERE ARE MORE THAN 100 UNDERGRADUATE STUDENT ORGANIZATIONS THAT OFFER OPPORTUNITIES FOR COLLABORATION AND NETWORKING, CHANCES TO CREATE, PLAN AND EXECUTE PROGRAMMING AND EVENTS, CHALLENGE AND EXPAND CURRENT VIEWS BY MEETING NEW PEOPLE AND HEARING NEW IDEAS, AND TO GAIN LEADERSHIP EXPERIENCES. BY ACHIEVING THE GOALS STATED ABOVE, THE BENTLEY RESIDENTIAL CENTER SEEKS TO COMPLEMENT THE ACADEMIC MISSION OF THE UNIVERSITY AND PREPARE STUDENTS TO BECOME VALUABLE AND CONTRIBUTING MEMBERS OF THE GLOBAL COMMUNITY. 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. MOST CLASSES INCORPORATE PROJECTS AND ASSIGNMENTS THAT MAKE USE OF THE SPECIALIZED SOFTWARE AVAILABLE IN THESE FACILITIES, ALLOWING STUDENTS TO APPLY CONCEPTS LEARNED IN CLASS. THE CENTERS AND LABS - ALL AMONG THE FIRST OF THEIR KIND IN HIGHER EDUCATION - FEATURE THE SAME HIGH-END HARDWARE AND SOFTWARE THAT BUSINESSES USE. 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 11A FULL AND COMPLETE COPY OF THE FORM 990 AND ALL ITS ACCOMPANYING SCHEDULES WAS SENT ELECTRONICALLY TO THE UNIVERSITY'S TRUSTEE AUDIT COMMITTEE TIMELY FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW, THE COMPLETE FORM 990 AS FILED WITH THE INTERNAL REVENUE SERVICE WAS MADE AVAILABLE TO THE FULL BOARD IN EARLY MAY PRIOR TO FILING.
CONFLICT OF INTEREST POLICYFORM 990, PART VI, SECTION B, LINE 12CMEMBERS 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 ARMS' LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF 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 15SALARY 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.
PUBLIC DISCLOSUREFORM 990, PART VI, SECTION C, LINE 19THE UNIVERSITY'S PRINCIPAL GOVERNING DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION AND BY-LAWS, ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND THEREFORE ARE AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE UNIVERSITY'S WEBSITE FOR PUBLIC VIEWING. THE UNIVERSITY'S FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL.
OTHER CHANGES IN NET ASSETS OR FUND BALANCES990, PART XI, LINE 9CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $11,353,000 CHANGE IN VALUE OF SPLIT INTEREST TRUST $ (238,000) CHANGE IN POST-RETIREMENT RETIREMENT COSTS $ (106,000) TOTAL $11,009,000

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Primary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Type Of EntityTypeOfEntityControlled OrgControlledOrg
CHARITABLE REMAINDER ANNUITY TRUST (6)
CRATMABENTLEYTRUSTtrue
CHARITABLE REMAINDER UNITRUST (6)
CRUTMABENTLEYTRUSTtrue
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiestrueReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Dividends Related OrganizationtrueDividendsRelatedOrganization
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgtrueOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
CRAT
A4431ACCRUAL
CRUT
A93212ACCRUAL
CRAT
R173374ACCRUAL
CRUT
R145569ACCRUAL
CRUTCRAT
S126032ACCRUAL