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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-13T07:44:34-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041081650 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENTLEY UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % JAMES FUERST | InCareOfName |
| Name Control | BENT | NameControl |
| Phone | 7818912000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KENNETH B CODY | Name |
| Title | VP ADMIN/FINANCE & TREASUR | Title |
| Phone | 7818912169 | Phone |
| Date Signed | 2014-05-12 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179881000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KENNETH CODY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 288242323 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BENTLEY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1917 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TO 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 O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2924 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 1120797 | TotalGrossUBI |
| Contributions Grants Prior Year | 6354000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8241000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 233141190 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 245016000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 392000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3120241 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2049452 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1705000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 241936642 | TotalRevenuePriorYear |
| Total Revenue Current Year | 258082241 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 62320000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 67993000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 104300247 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 106188788 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 21256 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 5461233 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 75896395 | OtherExpensePriorYear |
| Other Expenses Current Year | 78561956 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 242516642 | TotalExpensesPriorYear |
| Total Expenses Current Year | 252765000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -580000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5317241 | RevenuesLessExpensesCY |
| Total Assets BOY | 482366000 | TotalAssetsBOY |
| Total Assets EOY | 507885000 | TotalAssetsEOY |
| Total Liabilities BOY | 219019000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 204071000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 263347000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 303814000 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO 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 Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 136748000 | Expense |
| Grants | 67993000 | Grants |
| Revenue | 196434000 | Revenue |
| 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 O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 37726000 | Expense |
| Grants | 0 | Grants |
| Revenue | 42443000 | Revenue |
| 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 O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 32044000 | Expense |
| Grants | 0 | Grants |
| Revenue | 1705000 | Revenue |
| 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 O | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 14549000 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 6139000 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 221067000 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 7408 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 2924 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JAMES FUERST | NamePerson |
| Telephone Number | 7818912169 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| ROBERT ALAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KEVIN F ARMATA | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ROBERT P BADAVAS | ||||||||
| VICE CHAIRMAN OF BOARD | 8.0 | X | 0 | 0 | 0 | |||
| DALE L CARLETON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| J TERENCE CARLETON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| KENNETH H COLBURN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN W CUMMING | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CYNTHIA M DEYSHER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| WILLIAM C FREDA | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ANDREW J HAJDUCKY | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| DANIEL A KESHIAN | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| WCARL KESTER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCIS F KINGSLEY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DEBORAH L LEITCH | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| STEVEN P MANFREDI | ||||||||
| CHAIRMAN OF BOARD | 10.0 | X | 0 | 0 | 0 | |||
| I NORMAN MASSRY | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| MARK B SKALETSKY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| NICKOLAS STAVROPOULOS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JEROEN VAN DEN HOVEN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID H WEENER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| TANYA N HAIRSTON WHITNER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| BRIAN T ZINO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| GLORIA C LARSON | ||||||||
| PRESIDENT/TRUSTEE | 65.0 | X | 585016 | 0 | 94254 | X | ||
| WILLIAM TORREY | ||||||||
| VICE PRESIDENT | 40.0 | 385398 | 0 | 25235 | X | |||
| MICHAEL J PAGE | ||||||||
| VICE PRESIDENT/PROVOST | 40.0 | 361688 | 0 | 33426 | X | |||
| TRACI A LOGAN | ||||||||
| COO AND VICE PRESIDENT | 40.0 | 398209 | 0 | 35926 | X | |||
| JOANN C MCKENNA | ||||||||
| VICE PRESIDENT | 40.0 | 293303 | 0 | 30963 | X | |||
| JUDITH A MALONE | ||||||||
| GENERAL COUNSEL & CORP. SEC | 40.0 | 202848 | 0 | 46117 | X | |||
| KENNETH B CODY | ||||||||
| VICE PRESIDENT | 40.0 | 62422 | 0 | 84 | X | |||
| JAMES E HUNTON | ||||||||
| PROFESSOR | 40.0 | 394439 | 0 | 48054 | X | |||
| ROBERT D GALLIERS | ||||||||
| PROFESSOR | 40.0 | 389801 | 0 | 38471 | X | |||
| M LYNNE MARKUS | ||||||||
| PROFESSOR | 40.0 | 380098 | 0 | 33471 | X | |||
| JEAN C BEDARD | ||||||||
| PROFESSOR | 40.0 | 344277 | 0 | 41291 | X | |||
| PAUL CLEMENTE | ||||||||
| FORMER VICE PRESIDENT | 40.0 | 320329 | 0 | 45269 | X | |||
| KATHLEEN L YORKIS | ||||||||
| FORMER VICE PRESIDENT | 0.0 | 210161 | 0 | 44698 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4327989 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 517259 | TotalOtherCompensation |
| Number Individuals GT100 K | 235 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| KPMG | |||||
| TWO FINANCIAL CTR 60 SOUTH STREET | BOSTON | MA | 02111 | AUDITORS | 248500 |
| THE BOSTON CONSORTIUM | |||||
| 1763 GREAT PLAIN AVENUE | NEEDHAM | MA | 02492 | INTERNAL AUDIT | 222068 |
| CAMBRIDGE ASSOCIATES | |||||
| 125 HIGH STREET | BOSTON | MA | 02110 | INVESTMENT ADVISORS | 205554 |
| GLOBAL LEARNING LLC | |||||
| 100 TRADE CENTER SUITE G-700 | WOBURN | MA | 01801 | TRAVEL AGENT | 202572 |
| HOLLAND KNIGHT LLP | |||||
| 10 ST JAMES AVENUE | BOSTON | MA | 02116 | LEGAL | 200529 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Government Grants | 1609000 | GovernmentGrants |
| All Other Contributions | 6632000 | AllOtherContributions |
| Noncash Contributions | 298121 | NoncashContributions |
| Total Contributions | 8241000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TUITION AND FEES | 900099 | 196434000 | 196434000 | ||
| AUXILIARY | 900099 | 47478558 | 46262249 | $1,216,309 | |
| CONFERENCE SERVICES | 721000 | 1011356 | 1011356 | ||
| NATATORIUM USE | 713990 | 92086 | 92086 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 245016000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1142000 | TotalRevenueColumn |
| Unrelated Business Revenue | 17355 | UnrelatedBusinessRevenue |
| Exclusion | $1,124,645 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 32138323 | Securities |
| Other | 0 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30160082 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1978241 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1978241 | TotalRevenueColumn |
| Exclusion | $1,978,241 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 0 | GrossIncomeGaming |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER SOURCES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1705000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1705000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1705000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 258082241 | TotalRevenueColumn |
| Related Or Exempt Function Income | 244401249 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1120797 | UnrelatedBusinessRevenue |
| Exclusion | $4,319,195 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65660858 | Total |
| Program Services | 65660858 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2332142 | Total |
| Program Services | 2332142 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2486303 | Total |
| Program Services | 183354 | ProgramServices |
| Management And General | 2036949 | ManagementAndGeneral |
| Fundraising | 266000 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80994193 | Total |
| Program Services | 66559422 | ProgramServices |
| Management And General | 11205243 | ManagementAndGeneral |
| Fundraising | 3229528 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6349687 | Total |
| Program Services | 4717091 | ProgramServices |
| Management And General | 1294000 | ManagementAndGeneral |
| Fundraising | 338596 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11112226 | Total |
| Program Services | 9091446 | ProgramServices |
| Management And General | 1658679 | ManagementAndGeneral |
| Fundraising | 362101 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5246379 | Total |
| Program Services | 4007580 | ProgramServices |
| Management And General | 991427 | ManagementAndGeneral |
| Fundraising | 247372 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 992822 | Total |
| Program Services | 538455 | ProgramServices |
| Management And General | 433492 | ManagementAndGeneral |
| Fundraising | 20875 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 684172 | Total |
| Management And General | 681091 | ManagementAndGeneral |
| Fundraising | 3081 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280645 | Total |
| Management And General | 280645 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2134 | Total |
| Management And General | 2134 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21256 | Total |
| Fundraising | 21256 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6154400 | Total |
| Program Services | 4776017 | ProgramServices |
| Management And General | 1378383 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5338578 | Total |
| Program Services | 4920655 | ProgramServices |
| Management And General | 406928 | ManagementAndGeneral |
| Fundraising | 10995 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5803800 | Total |
| Program Services | 4550634 | ProgramServices |
| Management And General | 975667 | ManagementAndGeneral |
| Fundraising | 277499 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13733354 | Total |
| Program Services | 13366659 | ProgramServices |
| Management And General | 231213 | ManagementAndGeneral |
| Fundraising | 135482 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1206702 | Total |
| Program Services | 1089331 | ProgramServices |
| Management And General | 21228 | ManagementAndGeneral |
| Fundraising | 96143 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1214622 | Total |
| Program Services | 1032773 | ProgramServices |
| Management And General | 149701 | ManagementAndGeneral |
| Fundraising | 32148 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7852599 | Total |
| Program Services | 7516456 | ProgramServices |
| Management And General | 336143 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18939847 | Total |
| Program Services | 18256545 | ProgramServices |
| Management And General | 683302 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 643518 | Total |
| Program Services | 25563 | ProgramServices |
| Management And General | 617955 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PURCHASED SERVICES | 7725713 | 5202031 | 2104758 | 418924 |
| LEASING AND RENTALS | 1684619 | 1628823 | 54563 | 1233 |
| STUDY ABROAD | 4253643 | 4253643 | ||
| MISCELLANEOUS | 2050788 | 1357522 | 693266 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 252765000 | Total |
| Program Services | 221067000 | ProgramServices |
| Management And General | 26236767 | ManagementAndGeneral |
| Fundraising | 5461233 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18890000 | BOY |
| EOY | 23025000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3057000 | BOY |
| EOY | 2627242 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1062000 | BOY |
| EOY | 1011758 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1538000 | BOY |
| EOY | 2610000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 413627000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 172190000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 244582000 | BOY |
| EOY | 241437000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141029197 | BOY |
| EOY | 159720067 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62028803 | BOY |
| EOY | 67340933 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7976000 | BOY |
| EOY | 7903000 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2203000 | BOY |
| EOY | 2210000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 482366000 | BOY |
| EOY | 507885000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25818000 | BOY |
| EOY | 24049000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7517000 | BOY |
| EOY | 6615000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139200000 | BOY |
| EOY | 136006000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46484000 | BOY |
| EOY | 37401000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 219019000 | BOY |
| EOY | 204071000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178902000 | BOY |
| EOY | 209980000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42896000 | BOY |
| EOY | 50399000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41549000 | BOY |
| EOY | 43435000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 263347000 | BOY |
| EOY | 303814000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 482366000 | BOY |
| EOY | 507885000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5317241 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 24140759 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 11009000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $2,134 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 2134 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING EXPENSES | Identifier |
| Return Reference | PART II-B, LINE 1I | ReturnReference |
| Explanation | TOTAL 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 242465 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 192708000 | BeginningOfYearBalance |
| Contributions | 7747000 | Contributions |
| Investment Earnings Or Losses | 26113000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2267487 | GrantsOrScholarships |
| Other Expenditures | 6367513 | OtherExpenditures |
| End Of Year Balance | 217933000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 199966000 | BeginningOfYearBalance |
| Contributions | 2344000 | Contributions |
| Investment Earnings Or Losses | -1968000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2293506 | GrantsOrScholarships |
| Other Expenditures | 5340494 | OtherExpenditures |
| End Of Year Balance | 192708000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 162734000 | BeginningOfYearBalance |
| Contributions | 14154000 | Contributions |
| Investment Earnings Or Losses | 30201000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2478770 | GrantsOrScholarships |
| Other Expenditures | 4644230 | OtherExpenditures |
| End Of Year Balance | 199966000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 150082000 | BeginningOfYearBalance |
| Contributions | 296000 | Contributions |
| Investment Earnings Or Losses | 20682000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2688612 | GrantsOrScholarships |
| Other Expenditures | 5637388 | OtherExpenditures |
| End Of Year Balance | 162734000 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 213924000 | BeginningOfYearBalance |
| Contributions | 360000 | Contributions |
| Investment Earnings Or Losses | -54021000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2550479 | GrantsOrScholarships |
| Other Expenditures | 7630521 | OtherExpenditures |
| End Of Year Balance | 150082000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.62000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.19000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31871000 | OtherCostOrOtherBasis |
| Book Value | 31871000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 333549000 | OtherCostOrOtherBasis |
| Depreciation | 134412345 | Depreciation |
| Book Value | 199136655 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 47574000 | OtherCostOrOtherBasis |
| Depreciation | 37652327 | Depreciation |
| Book Value | 9921673 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 633000 | OtherCostOrOtherBasis |
| Depreciation | 125328 | Depreciation |
| Book Value | 507672 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 241437000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGE FUNDS | 49837202 | F |
| PARTNERSHIPS | 17503731 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 67340933 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP AGREEMENTS | $23,344,000 |
| POST RETIREMENT BENEFITS | $7,430,000 |
| REFUNDABLE U.S. GOVERNMENT GRA | $6,627,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 37401000 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 293576000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 24140759 | NetUnrealizedGainsInvestments |
| Other Revenues | 11353000 | OtherRevenues |
| Revenue Not Rptd F990 | 35493759 | RevenueNotRptdF990 |
| Revenue Subtotal | 258082241 | RevenueSubtotal |
| Total Revenue Per Form990 | 258082241 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 253109000 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 344000 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 344000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 252765000 | ExpensesSubtotal |
| Total Expenses Per Form990 | 252765000 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS OF ART | PART 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 FUNDS | PART V, LINE 4 | THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIPS TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. |
| FIN 48 (ASC 740) FOOTNOTE | PART X, LINE 2 | THE 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 990 | PART XI, LINE 2D | CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $11,353,000 |
| OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT INCLUDED ON FORM 990 | PART XII, LINE 2D | CHANGE IN VALUE OF SPLIT INTEREST TRUST $238,000 CHANGE IN POST-RETIREMENT RETIREMENT COSTS $106,000 TOTAL $344,000 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NONDISCRIMINATORY POLICY | SCHEDULE E, LINE 3 | BENTLEY 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 ASSISTANCE | SCHEDULE E, LINE 6A | THE UNIVERSITY PROVIDES FINANCIAL AID FUNDS TO THE STUDENTS BASED ON GENERALLY ACCEPTED UNIFORM NON-DISCRIMINATORY METHODOLOGY. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 0 | Program Services | STUDY ABROAD | 1246538 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDY ABROAD | 3094167 |
| Middle East and North Africa | 0 | 0 | Program Services | STUDY ABROAD | 35905 |
| South America | 0 | 0 | Program Services | STUDY ABROAD | 202575 |
| Sub-Saharan Africa | 0 | 0 | Program Services | STUDY ABROAD | 149299 |
| Central America and the Caribbean | 0 | 0 | Investments | 24974799 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 29703283 | SubtotalAmountSpent |
| Total Amount Spent | 29703283 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (5 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| ACCOUNT CREDIT | East Asia and the Pacific | 40 | 548100 | ACCT CREDIT |
| ACCOUNT CREDIT | Europe (Including Iceland and Greenland) | 130 | 1615798 | ACCT CREDIT |
| ACCOUNT CREDIT | Sub-Saharan Africa | 6 | 93804 | ACCT CREDIT |
| ACCOUNT CREDIT | Middle East and North Africa | 2 | 35905 | ACCT CREDIT |
| ACCOUNT CREDIT | South America | 3 | 38535 | ACCT CREDIT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | true | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 ACCOUNTING | PART I, LINE 3, COLUMN F | THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | MARTS LUNDY 1200 WALL ST W LYND | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 WALL STREET | AddressLine1 |
| City | WEST LYNDHURST | City |
| State | NJ | State |
| ZIP Code | 07071 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | ANALYSIS & SURVEY | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 21256 | AmountRetainedByContractor |
| Net To Organization | -21256 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 0 | TotalGrossReceipts |
| Total Retained By Contractors | 21256 | TotalRetainedByContractors |
| Total Net To Organization | -21256 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIP ASSISTANCE | TypeOfGrant |
| Number Of Recipients | 2851 | NumberOfRecipients |
| Amount Of Cash Grant | 65660858 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITOR THE USE OF GRANT FUNDS IN THE U.S. | Identifier |
| Return Reference | PART I, LINE 2 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLORIA C LARSON | ||||||||||||||
| PRESIDENT/TRUSTEE | 475308 | 0 | 105000 | 0 | 4708 | 0 | 25000 | 0 | 69254 | 0 | 679270 | 0 | 0 | 0 |
| WILLIAM TORREY | ||||||||||||||
| VICE PRESIDENT | 370398 | 0 | 15000 | 0 | 0 | 0 | 25000 | 0 | 235 | 0 | 410633 | 0 | 0 | 0 |
| MICHAEL J PAGE | ||||||||||||||
| VICE PRESIDENT/PROVOST | 341688 | 0 | 20000 | 0 | 0 | 0 | 25000 | 0 | 8426 | 0 | 395114 | 0 | 0 | 0 |
| TRACI A LOGAN | ||||||||||||||
| COO AND VICE PRESIDENT | 328209 | 0 | 15000 | 0 | 55000 | 0 | 25000 | 0 | 10926 | 0 | 434135 | 0 | 0 | 0 |
| JOANN C MCKENNA | ||||||||||||||
| VICE PRESIDENT | 273303 | 0 | 20000 | 0 | 0 | 0 | 25000 | 0 | 5963 | 0 | 324266 | 0 | 0 | 0 |
| JUDITH A MALONE | ||||||||||||||
| GENERAL COUNSEL & CORP. SEC | 190348 | 0 | 12500 | 0 | 0 | 0 | 19959 | 0 | 26158 | 0 | 248965 | 0 | 0 | 0 |
| JAMES E HUNTON | ||||||||||||||
| PROFESSOR | 322895 | 0 | 0 | 0 | 71544 | 0 | 25000 | 0 | 23054 | 0 | 442493 | 0 | 0 | 0 |
| ROBERT D GALLIERS | ||||||||||||||
| PROFESSOR | 319057 | 0 | 0 | 0 | 70744 | 0 | 25000 | 0 | 13471 | 0 | 428272 | 0 | 0 | 0 |
| M LYNNE MARKUS | ||||||||||||||
| PROFESSOR | 278594 | 0 | 0 | 0 | 101504 | 0 | 25000 | 0 | 8471 | 0 | 413569 | 0 | 0 | 0 |
| JEAN C BEDARD | ||||||||||||||
| PROFESSOR | 281048 | 0 | 0 | 0 | 63229 | 0 | 25000 | 0 | 16291 | 0 | 385568 | 0 | 0 | 0 |
| PAUL CLEMENTE | ||||||||||||||
| FORMER VICE PRESIDENT | 295329 | 0 | 25000 | 0 | 0 | 0 | 25000 | 0 | 20269 | 0 | 365598 | 0 | 0 | 0 |
| KATHLEEN L YORKIS | ||||||||||||||
| FORMER VICE PRESIDENT | 210161 | 0 | 0 | 0 | 0 | 0 | 21525 | 0 | 23173 | 0 | 254859 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BENEFITS | PART 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 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 BONUS | PART 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 ReferenceBondReferenceCd | Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing | CUSIP NumberCUSIPNumber |
|---|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY | ||||||||
| A | 043431814 | 2008-05-15 | 60000000 | $56.1M REFUNDING PRIOR TO DEBT; $3 | false | false | false | |
| MA DEVELOPMENT FINANCE AGENCY | ||||||||
| B | 043431814 | 2010-09-16 | 41816878 | REFUNDING | false | false | false | 57583R2N4 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 7714000 | 0 | 60000000 | 0 | 0 | 0 | 112550 | 0 | 0 | 3787450 | 56100000 | 0 | 2008 | true | false | true | true |
| B | 6141878 | 0 | 41816878 | 0 | 0 | 0 | 454697 | 0 | 0 | 0 | 41362181 | 0 | 2010 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Remedial Action TakenRemedialActionTaken | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | true | true | true | false | 0.01160 | 0.00000 | 0.01160 | false | false | false | true |
| B | 0.00000 | 0.00000 | 0.00000 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Exception To RebateExceptionToRebate | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||
| A | false | true | true | false | false | 0 | false | true |
| 0 | ||||||||
| B | false | true | false | false | false | 0 | false | true |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | true |
| B | true |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | NA | NameOfInterestedPerson |
| Relationship With Organization | N/A | RelationshipWithOrganization |
| Amount Of Grant | 12710 | AmountOfGrant |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistance |
| Purpose Of Assistance | SCHOLARSHIP | PurposeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BCBS OF MASSACHUSETTS | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | GLORIA LARSON - PRESIDENT | Relationship |
| Amount Of Transaction | 160292 | AmountOfTransaction |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BUSINESS TRANSACTIONS WITH INTERESTED PERSONS | Identifier |
| Return Reference | PART IV LINE 1 | ReturnReference |
| Explanation | 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. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 291859 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EQUIPMENT | 2 | 3845 | FAIR MARKET VALUE |
| X | MISC. EVENTS/TICKETS | 2 | 2417 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, COLUMN B | Identifier |
| Explanation | THE AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 1 | UNDERGRADUATE 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 SERVICES | FORM 990, PART III, LINES 4A-4D | LINE 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 PROCESS | FORM 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 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 POLICY | FORM 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 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 POLICY | FORM 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. |
| PUBLIC DISCLOSURE | FORM 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 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 BALANCES | 990, PART XI, LINE 9 | CHANGE 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 ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|
| CHARITABLE REMAINDER ANNUITY TRUST (6) | ||||
| CRAT | MA | BENTLEY | TRUST | true |
| CHARITABLE REMAINDER UNITRUST (6) | ||||
| CRUT | MA | BENTLEY | TRUST | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | true | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| CRAT | ||
| A | 4431 | ACCRUAL |
| CRUT | ||
| A | 93212 | ACCRUAL |
| CRAT | ||
| R | 173374 | ACCRUAL |
| CRUT | ||
| R | 145569 | ACCRUAL |
| CRUTCRAT | ||
| S | 126032 | ACCRUAL |