BENTLEY UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BENTLEY UNIVERSITY (EIN 04-1081650)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201341349349304539
- Schema version
- 2011v1.5
- 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 | 2013-05-14T13:51:33-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | 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 | 2011-07-01 | 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 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 024524705 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KENNETH CODY | Name |
| Title | VP ADMIN. & FINANCE, TREASURER | Title |
| Date Signed | 2013-05-14 | 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 | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | 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 | 294385390 | 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 | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3012 | TotalNbrEmployees |
| Total Nbr Volunteers | 40 | TotalNbrVolunteers |
| Total Gross UBI | 1087666 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -15448 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10039000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6354000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 228951810 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 233141190 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 480000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 392000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1850710 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2049452 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 241321520 | TotalRevenuePriorYear |
| Total Revenue Current Year | 241936642 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 60995028 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 62320000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 102319149 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 104300247 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 4246435 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 73878345 | OtherExpensePriorYear |
| Other Expenses Current Year | 75896395 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 237192522 | TotalExpensesPriorYear |
| Total Expenses Current Year | 242516642 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4128998 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -580000 | RevenuesLessExpensesCY |
| Total Assets BOY | 491542000 | TotalAssetsBOY |
| Total Assets EOY | 482366000 | TotalAssetsEOY |
| Total Liabilities BOY | 207183000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 219019000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 284359000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 263347000 | 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 | 130534000 | Expense |
| Grants | 62320000 | Grants |
| Revenue | 186856000 | Revenue |
| Description | *INSTRUCTION* SEE SCHEDULE O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 35990000 | Expense |
| Grants | 0 | Grants |
| Revenue | 41211000 | Revenue |
| Description | *AUXILIARY ENTERPRISES* SEE SCHEDULE O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 30366000 | Expense |
| Grants | 0 | Grants |
| Revenue | 2053000 | Revenue |
| Description | *STUDENT SERVICES* SEE SCHEDULE O | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 13679000 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 5074190 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 210569000 | 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 | false | ProfessionalFundraising |
| Fundraising Activities | true | 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 | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 5571 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3012 | 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 | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| 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 | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | 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 (39 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 |
|---|---|---|---|---|---|---|---|---|
| KEVIN F ARMATA | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| ROBERT P BADAVAS | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| DALE L CARLETON | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| J TERENCE CARLETON | ||||||||
| CHAIRMAN OF THE BOARD | 10.0 | X | 0 | 0 | 0 | |||
| GEORGE W CARMANY | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| R MARCELO CLAURE | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| KENNETH H COLBURN | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| JOHN W CUMMING | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| CYNTHIA M DEYSHER | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| WILLIAM C FREDA | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| ANDREW J HAJDUCKY | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| ROSABETH MOSS KANTER | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| DANIEL A KESHIAN | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 12280 | |||
| FRANCIS F KINGSLEY | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| DEBORAH L LEITCH | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| STEVEN MANFREDI | ||||||||
| VICE CHAIRMAN OF THE BOARD | 8.0 | X | 0 | 0 | 0 | |||
| NORMAN I MASSRY | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| NATHAN R MILLER | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| OLAPERI ONIPEDE | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| MARK B SKALETSKY | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| NIKOLAS STAVROPOULOS | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| JEROEN VAN DEN HOVEN | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| DAVID H WEENER | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| TANYA HAIRSTON WHITNER | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| GLORIA C LARSON | ||||||||
| PRESIDENT/TRUSTEE | 65.0 | X | 583047 | 0 | 93836 | X | ||
| BRIAN T ZINO | ||||||||
| TRUSTEE | 3.0 | X | 0 | 0 | 0 | |||
| TRACI LOGAN | ||||||||
| COO, VICE PRESIDENT | 40.0 | 338640 | 0 | 37219 | X | |||
| MIKE PAGE | ||||||||
| PROVOST | 40.0 | 332765 | 0 | 33206 | X | |||
| PAUL CLEMENTE | ||||||||
| VICE PRESIDENT | 40.0 | 300271 | 0 | 43152 | X | |||
| JOANN MCKENNA | ||||||||
| VICE PRESIDENT | 40.0 | 288410 | 0 | 30839 | X | |||
| JUDY MALONE | ||||||||
| GENERAL COUNSEL & CORP. SEC | 40.0 | 198021 | 0 | 45620 | X | |||
| WILLIAM TORREY | ||||||||
| VICE PRESIDENT | 40.0 | 113306 | 0 | 0 | X | |||
| ROBERT GALLIERS | ||||||||
| PROFESSOR | 40.0 | 377573 | 0 | 33706 | X | |||
| JAMES HUNTON | ||||||||
| PROFESSOR | 40.0 | 400516 | 0 | 47336 | X | |||
| M LYNNE MARKUS | ||||||||
| PROFESSOR | 40.0 | 340209 | 0 | 33130 | X | |||
| JEAN BEDARD | ||||||||
| PROFESSOR | 40.0 | 329513 | 0 | 29238 | X | |||
| MOHAMMED ABDOLMOHAMMADI | ||||||||
| PROFESSOR | 40.0 | 258350 | 0 | 46099 | X | |||
| JOHN MOSSER | ||||||||
| VICE PRESIDENT | 40.0 | 256743 | 0 | 154648 | X | |||
| KATHLEEN YORKIS | ||||||||
| VICE PRESIDENT | 40.0 | 216709 | 0 | 44723 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4334073 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 685032 | TotalOtherCompensation |
| Number Individuals GT100 K | 240 | 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 |
|---|---|---|---|---|---|
| HARVARD MAINTENANCE | |||||
| 570 SEVENTH AVENUE | NEW YORK | NY | 10018 | FACILITIES SERVICES | 1356045 |
| ACADEMIC RISK RESOURCES | |||||
| 930 COMMONWEALTH AVENUE | BOSTON | MA | 02215 | INSURANCE MANAGEMENT | 601794 |
| KPMG LLP | |||||
| 2 FINANCIAL CENTER 60 SOUTH STREET | BOSTON | MA | 02111 | AUDITORS | 235775 |
| CAMBRIDGE ASSOCIATES | |||||
| 100 SUMMER STREET | BOSTON | MA | 02110 | INVESTMENT ADVISORS | 200903 |
| NCM DEMOLITION REMEDIES | |||||
| 14 JEWEL DRIVE | WILMINGTON | MA | 01887 | FACILITIES SERVICES | 149081 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Fundraising Events | 126550 | FundraisingEvents |
| Government Grants | 2235000 | GovernmentGrants |
| All Other Contributions | 3992450 | AllOtherContributions |
| Noncash Contributions | 126072 | NoncashContributions |
| Total Contributions | 6354000 | 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 | 186856000 | 186856000 | ||
| AUXILIARY | 900099 | 45165542 | 44119150 | $1,046,392 | |
| CONFERENCE SERVICES | 721000 | 1023069 | 1023069 | ||
| NATATORIUM USE | 713990 | 96579 | 96579 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 233141190 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 662000 | TotalRevenueColumn |
| Unrelated Business Revenue | -31982 | UnrelatedBusinessRevenue |
| Exclusion | $693,982 | 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 Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 52143000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 52413000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -270000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -270000 | TotalRevenueColumn |
| Exclusion | -$270,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 32200 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 126550 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 35748 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3548 | TotalRevenueColumn |
| Exclusion | -$3,548 | ExclusionAmount |
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 | 2053000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2053000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2053000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 241936642 | TotalRevenueColumn |
| Related Or Exempt Function Income | 233028150 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1087666 | UnrelatedBusinessRevenue |
| Exclusion | $1,466,826 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60106475 | Total |
| Program Services | 60106475 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2213525 | Total |
| Program Services | 2213525 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2394770 | Total |
| Program Services | 222435 | ProgramServices |
| Management And General | 1873651 | ManagementAndGeneral |
| Fundraising | 298684 | 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 | 79456312 | Total |
| Program Services | 64889609 | ProgramServices |
| Management And General | 12503255 | ManagementAndGeneral |
| Fundraising | 2063448 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6185146 | Total |
| Program Services | 4428655 | ProgramServices |
| Management And General | 1610396 | ManagementAndGeneral |
| Fundraising | 146095 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11131325 | Total |
| Program Services | 8035510 | ProgramServices |
| Management And General | 2832889 | ManagementAndGeneral |
| Fundraising | 262926 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5132694 | Total |
| Program Services | 4079243 | ProgramServices |
| Management And General | 932215 | ManagementAndGeneral |
| Fundraising | 121236 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 834299 | Total |
| Program Services | 306139 | ProgramServices |
| Management And General | 398632 | ManagementAndGeneral |
| Fundraising | 129528 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314008 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 314008 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342450 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 342450 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3635 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3635 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1485000 | Total |
| Program Services | 74250 | ProgramServices |
| Management And General | 1410750 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6024196 | Total |
| Program Services | 4682169 | ProgramServices |
| Management And General | 1246074 | ManagementAndGeneral |
| Fundraising | 95953 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5389016 | Total |
| Program Services | 4950146 | ProgramServices |
| Management And General | 435202 | ManagementAndGeneral |
| Fundraising | 3668 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5388149 | Total |
| Program Services | 4194305 | ProgramServices |
| Management And General | 1146388 | ManagementAndGeneral |
| Fundraising | 47456 | 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 | 13164507 | Total |
| Program Services | 12787612 | ProgramServices |
| Management And General | 209494 | ManagementAndGeneral |
| Fundraising | 167401 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1212514 | Total |
| Program Services | 1136486 | ProgramServices |
| Management And General | 14739 | ManagementAndGeneral |
| Fundraising | 61289 | 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 | 1267113 | Total |
| Program Services | 1029768 | ProgramServices |
| Management And General | 210850 | ManagementAndGeneral |
| Fundraising | 26495 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7920000 | Total |
| Program Services | 7557595 | ProgramServices |
| Management And General | 362405 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18042884 | Total |
| Program Services | 17333905 | ProgramServices |
| Management And General | 708979 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 681190 | Total |
| Program Services | 47128 | ProgramServices |
| Management And General | 634062 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PURCHASED SERVICES | 7514800 | 6409722 | 308552 | 796526 |
| STUDY ABROAD | 4276706 | 4276706 | 0 | 0 |
| LEASING AND RENTALS | 1559701 | 1488654 | 70017 | 1030 |
| MISCELLANEOUS | 476227 | 318963 | 132564 | 24700 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242516642 | Total |
| Program Services | 210569000 | ProgramServices |
| Management And General | 27701207 | ManagementAndGeneral |
| Fundraising | 4246435 | 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 | 15226000 | BOY |
| EOY | 18890000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8376000 | BOY |
| EOY | 3057000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1766000 | BOY |
| EOY | 1062000 | 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 | 8239000 | BOY |
| EOY | 7976000 | 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 | 1910000 | BOY |
| EOY | 1538000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 404687000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 160105000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 246112000 | BOY |
| EOY | 244582000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140961000 | BOY |
| EOY | 141029197 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66881000 | BOY |
| EOY | 62028803 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | 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 | 2071000 | BOY |
| EOY | 2203000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491542000 | BOY |
| EOY | 482366000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26016000 | BOY |
| EOY | 25818000 | 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 | 8568000 | BOY |
| EOY | 7517000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142182000 | BOY |
| EOY | 139200000 | 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 | 30417000 | BOY |
| EOY | 46484000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207183000 | BOY |
| EOY | 219019000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192576000 | BOY |
| EOY | 178902000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51258000 | BOY |
| EOY | 42896000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40525000 | BOY |
| EOY | 41549000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284359000 | BOY |
| EOY | 263347000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491542000 | BOY |
| EOY | 482366000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -580000 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -20432000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 | $3,635 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 3635 | 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 $3,635 INCLUDES DUES PAID TO AICUM AS IT RELATES TO AICUM'S LOBBYING EFFORTS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 242465 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| 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 Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 Minus3 Years CurrentYearMinus3Years
| 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 | 0.20000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.18000 | 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 | 326780000 | OtherCostOrOtherBasis |
| Depreciation | 125612598 | Depreciation |
| Book Value | 201167402 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 45625000 | OtherCostOrOtherBasis |
| Depreciation | 34430449 | Depreciation |
| Book Value | 11194551 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 411000 | OtherCostOrOtherBasis |
| Depreciation | 61953 | Depreciation |
| Book Value | 349047 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 244582000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGE FUNDS | 43833970 | F |
| PARTNERSHIPS | 18194833 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 62028803 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST RATE SWAP AGREEMENTS | $34,697,000 |
| POST RETIREMENT BENEFITS | $5,096,000 |
| REFUNDABLE U.S. GOVERNMENT GRANTS | $6,691,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 46484000 | TotalOfAmounts |
| Total Revenue | 241936642 | TotalRevenue |
| Total Expenses | 242516642 | TotalExpenses |
| Excess Or Deficit For Year | -580000 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 4129000 | NetUnrealizedGLOnInvestments |
| Other | -$24,561,000 | OtherAmount |
| Total Adjustments | -20432000 | TotalAdjustments |
| Excess Or Deficit Per FS | -21012000 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 221540390 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 4129000 | NetUnrealizedGainsInvestments |
| Other Revenues | -24561000 | OtherRevenues |
| Revenue Not Rptd F990 | -20432000 | RevenueNotRptdF990 |
| Revenue Subtotal | 241972390 | RevenueSubtotal |
| Other Revenues Not Included | -35748 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -35748 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 241936642 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 242552390 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 35748 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 35748 | ExpensesNotRptdF990 |
| Expenses Subtotal | 242516642 | ExpensesSubtotal |
| Total Expenses Per Form990 | 242516642 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ENDOWMENT FUNDS | PART V, LINE 4 | THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIP TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. IN ADDITION, QUASI ENDOWMENT REPRESENTS 62% OF THE ENDOWMENT AND THOSE FUNDS ARE AVAILABLE FOR USE ON AN AS NEEDED BASIS. |
| OTHER CHANGES IN NET ASSETS | PART XI, LINE 8 | THE AMOUNT REPRESENTS CHANGE IN FAIR VALUE OF INTEREST RATES SWAPS (-$15.962M) + CHANGE IN VALUE OF SPLIT INTERESTS (+$679K), POST RETIREMENT COSTS (-$2K), CHANGE IN PLEDGE VALUATIONS (-$1.943M) AND ENDOWMENT RETURN UTILIZED IN OPERATIONS (-7.333M) |
| OTHER CHANGES IN NET ASSETS | PART XII, LINE 2D | AMOUNT REPRESENTS CHANGE IN FAIR VALUE OF INTEREST RATE WAS (-$15.962M) + CHANGE IN VALUE OF SPLIT INTEREST (+$679K), POST RETIREMENT COSTS (-$2K), CHANGE IN PLEDGE VALUATIONS (-$1.943M) AND ENDOWMENT RETURN UTILIZED IN OPERATIONS (-$7.333M). |
| OTHER REVENUE INCLUDED ON FORM 990, PART VIII, BUT NOT ON LINE 1 | PART XII, LINE 4B | RECLASS OF FUNDRAISING EXPENSES -35,748 |
| OTHER EXPENSES ON LINE 1, BUT NOT ON FORM 990, PART IX, LINE 25 | PART XIII, LINE 2D | RECLASS OF FUNDRAISING EXPENSES 35,748 |
| FINANCIAL STATEMENTS | 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 (THE CODE). ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE UNIVERSITY MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE-LIKELY THAN-NOT" THRESHOLD ARE RECORDED AS TAX EXPENSE IN THE CURRENT YEAR. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 OR 2011. |
| COLLETCTIONS OF ART | PART III, LINE 4 | THE UNIVERSITY OWNS A MODERN COLLECTION OF ABOUT 30 PAINTINGS AND SCULPTORS THAT APPEAR IN PUBLIC COMMON AREAS THROUGHOUT THE CAMPUS, IN CONFERENCE ROOMS, AND IN THE PRESIDENT'S HOUSE. |
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, NATIONAL OR ETHNIC ORIGIN, RELIGION, HANDICAP OR DISABILITY. 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 (7 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 | 1478675 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | STUDY ABROAD | 3903567 |
| Middle East and North Africa | 0 | 0 | Program Services | STUDY ABROAD | 94300 |
| South America | 0 | 0 | Program Services | STUDY ABROAD | 322082 |
| Sub-Saharan Africa | 0 | 0 | Program Services | STUDY ABROAD | 224600 |
| Central America and the Caribbean | 0 | 0 | Program Services | STUDY ABROAD | 69330 |
| Central America and the Caribbean | 0 | 0 | Investments | 14899684 |
| 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 | 20992238 | SubtotalAmountSpent |
| Total Amount Spent | 20992238 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (4 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| SCHOLARSHIPS ASSISTANCE | East Asia/Pacific | 45 | 442929 | ACCT CREDIT |
| SCHOLARSHIPS ASSISTANCE | Europe/Iceland/Greenland | 147 | 1645111 | ACCT CREDIT |
| SCHOLARSHIPS ASSISTANCE | Sub-Saharan Africa | 5 | 49710 | ACCT CREDIT |
| SCHOLARSHIPS ASSISTANCE | South America | 3 | 75775 | ACCT CREDIT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | true | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 2 | Identifier |
| Explanation | 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. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF | NameOfEvent1 |
| Gross Receipts Event1 | 158750 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 126550 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 32200 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 7368 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 28380 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 0 | OtherDirectExpensesEvent1 |
| Gross Receipts Event2 | 0 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 0 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 0 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 0 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 0 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 0 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 0 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 0 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 0 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 0 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 0 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 0 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 0 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 158750 | GrossReceiptsTotal |
| Charitable Contributions Total | 126550 | CharitableContributionsTotal |
| Gross Revenue Total Events | 32200 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 7368 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 28380 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 0 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 0 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 35748 | DirectExpenseSummaryEvents |
| Net Income Summary | -3548 | NetIncomeSummary |
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 | SCHOLARSHIPS ASSISTANCE | TypeOfGrant |
| Number Of Recipients | 2930 | NumberOfRecipients |
| Amount Of Cash Grant | 60106475 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I LINE 2 | Identifier |
| Explanation | THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT. THE STUDENT DOES NOT DIRECTLY RECEIVE THIS ASSISTANCE. | 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 | true | 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 (13 entries)
| 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 | |||||||||||||
| 458451 | 0 | 120000 | 0 | 4596 | 0 | 24500 | 0 | 69336 | 0 | 676883 | 0 | 0 | 0 |
| TRACI LOGAN | |||||||||||||
| 318640 | 0 | 20000 | 0 | 0 | 0 | 24500 | 0 | 12719 | 0 | 375859 | 0 | 0 | 0 |
| MIKE PAGE | |||||||||||||
| 332765 | 0 | 0 | 0 | 0 | 0 | 24500 | 0 | 8706 | 0 | 365971 | 0 | 0 | 0 |
| PAUL CLEMENTE | |||||||||||||
| 292771 | 0 | 7500 | 0 | 0 | 0 | 24500 | 0 | 18652 | 0 | 343423 | 0 | 0 | 0 |
| JOANN MCKENNA | |||||||||||||
| 269910 | 0 | 18500 | 0 | 0 | 0 | 24500 | 0 | 6339 | 0 | 319249 | 0 | 0 | 0 |
| JOHN MOSSER | |||||||||||||
| 128372 | 0 | 0 | 0 | 128371 | 0 | 24500 | 0 | 26277 | 0 | 307520 | 0 | 0 | 0 |
| JUDY MALONE | |||||||||||||
| 185521 | 0 | 12500 | 0 | 0 | 0 | 19472 | 0 | 26148 | 0 | 243641 | 0 | 0 | 0 |
| ROBERT GALLIERS | |||||||||||||
| 310198 | 0 | 0 | 0 | 67375 | 0 | 24500 | 0 | 9206 | 0 | 411279 | 0 | 0 | 0 |
| JAMES HUNTON | |||||||||||||
| 307616 | 0 | 0 | 0 | 92900 | 0 | 24500 | 0 | 22836 | 0 | 447852 | 0 | 0 | 0 |
| M LYNNE MARKUS | |||||||||||||
| 256899 | 0 | 0 | 0 | 83310 | 0 | 24500 | 0 | 8630 | 0 | 373339 | 0 | 0 | 0 |
| JEAN BEDARD | |||||||||||||
| 271321 | 0 | 0 | 0 | 58192 | 0 | 24500 | 0 | 4738 | 0 | 358751 | 0 | 0 | 0 |
| MOHAMMED ABDOLMOHAMMADI | |||||||||||||
| 218469 | 0 | 0 | 0 | 39881 | 0 | 22484 | 0 | 23615 | 0 | 304449 | 0 | 0 | 0 |
| KATHLEEN YORKIS | |||||||||||||
| 104605 | 0 | 7500 | 0 | 104604 | 0 | 21525 | 0 | 23198 | 0 | 261432 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 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. |
| PART I, LINE 4A | VICE PRESIDENT KATHLEEN YORKIS TERMINATED EMPLOYMENT ON JUNE 30,2011. SHE RECEIVED A CHANGE OF CONTRACT PAYMENT OF HER MONTHLY SALARY FROM JULY 2011 THROUGH DECEMBER 2012. AMOUNTS PAID DURING THE 2011 CALENDAR YEAR FOR CHANGE OF CONTRACT TOTALED $104,604. VICE PRESIDENT JOHN MOSSER TERMINATED EMPLOYMENT ON JUNE 30, 2011. HE HAS RECEIVED A CHANGE OF CONTRACT PAYMENT OF HIS MONTHLY SALARY FROM JULY 2011 THROUGH APRIL 2012. AMOUNTS PAID DURING THE 2011 CALANDER YEAR FOR CHANGE OF CONTRACT TOTALED $128,371. | |
| 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. |
| PART II, COLUMN B(III) | DURING THE REPORTING PERIOD, PROFESSORS GALLIERS, HUNTON, MARKUS, BEDARD, AND ABDOLMOHAMMADI 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)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| GE GOVERNMENT FINANCE | |||||||
| 043431814 | 999999999 | 2008-05-15 | 60000000 | $56.1M REFUNDING PRIOR TO DEBT; $3 | false | false | false |
| MDFA | |||||||
| 043431814 | 57583R2N4 | 2010-09-16 | 41816878 | REFUNDING | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 60000000 | 0 | 0 | 0 | 112550 | 0 | 0 | 3787450 | 56100000 | 0 | 2008 | true | false | true | true |
| 0 | 0 | 41816878 | 0 | 0 | 0 | 454697 | 0 | 0 | 0 | 41362181 | 0 | 2010 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Engage Bond Counsel ResearchEngageBondCounselResearch | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| false | false | false | false | true | 0.01190 | 0.01190 | true |
| 0 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| 0 | ||||||
| false | true | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART V | Identifier |
| Return Reference | SEE SCHEDULE O | ReturnReference |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance |
|---|---|---|---|
| NA | N/A | 12280 | SCHOLARSHIP |
| NA | N/A | 21224 | TUITION |
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 | 167512 | 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 2 | ReturnReference |
| Explanation | GLORIA LARSON IS A BOARD MEMBER AT BLUE CROSS BLUE SHIELD, AN INSURANCE COMPANY THE UNIVERSITY USES TO OFFER HEALTH COVERAGE FOR ITS RETIRED EMPLOYEES ONLY. THEIR APPOINTMENT IS RENEWED ANNUALLY FOLLOWING REVIEW AND RECOMMENDATION OF PRODUCT OFFERING AND PRICING BY AN INDEPENDENT BROKER. FURTHERMORE, MS. LARSON WAS NOT INVOLVED IN THE REVIEW 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 | 14 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 114235 | 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 | 5597 | FAIR MARKET VALUE |
| X | MISC. EVENTS/TICKETS | 3 | 6240 | 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 (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 3 | BENTLEY IS ON ITS WAY TO BECOMING THE LEADING BUSINESS UNIVERSITY - MORE VIGOROUS, MORE ACCOMPLISHED, AND MORE RELEVANT TO THE WORLD OF BUSINESS AND EDUCATION THAN EVER BEFORE. TO FULLY REALIZE ITS POTENTIAL, BENTLEY WILL LEVERAGE ITS SINGULAR ATTRIBUTES AND BE MARKET-INFORMED IN DEFINING WHAT AN EXCEPTIONAL BUSINESS EDUCATION SHOULD BE NOW AND IN THE FUTURE. BENTLEY WILL CONTINUE PROVIDING THE WELL-ROUNDED, HIGHLY PERSONAL EDUCATIONAL EXPERIENCE THAT ONLY A PLACE-BASED, FACE-TO-FACE ENVIRONMENT CAN DELIVER, WHILE ENHANCING THIS EXPERIENCE WITH INNOVATIVE, TECHNOLOGY-ENABLED PLATFORMS. THE BUSINESS WORLD NEEDS GRADUATES WHO ARE SMART, NIMBLE, COMPASSIONATE MEN AND WOMEN AND WHO ARE PREPARED TO GET THINGS DONE FROM DAY ONE AND TO CONTINUE THEIR GROWTH TO BECOME HIGHLY EFFECTIVE, ETHICAL AND SOCIALLY RESPONSIBLE LEADERS AND BENTLEY INTENDS TO ACCOMPLISH THIS GOAL THROUGH: ITS FACULTY OF OUTSTANDING TEACHER-SCHOLARS WHO BALANCE GREAT TEACHING IN THE CLASSROOM WITH RELEVANT, HIGH-IMPACT RESEARCH. CONTINUED INVESTMENT IN OUR TEACHER-SCHOLAR MODEL OF EDUCATION WILL ATTRACT MORE TOP-TIER STUDENTS/FACULTY, HELP IDENTIFY MARKET CHANGES, ENGAGE MORE ACADEMIC, CORPORATE AND EXTERNAL PARTNERS, AND GROW BENTLEY'S DOMESTIC AND INTERNATIONAL REPUTATION. ITS PHYSICAL, TECHNOLOGICAL AND HUMAN ENVIRONMENT, WHICH IS DESIGNED TO MEET THE DYNAMIC, CHANGING LEARNING ENVIRONMENT THAT CHARACTERIZES HIGHER EDUCATION TODAY. CONSTANTLY UPDATING AND IMPROVING THESE ENVIRONMENTS WILL SUPPORT AND ENHANCE STUDENT LIFE AND DIVERSITY AT BENTLEY. TAKEN TOGETHER, INVESTMENTS IN THESE TARGETED AREAS WILL ENSURE THAT BENTLEY GROWS IN STATURE AS A WELL-REGARDED, MARKET-INFORMED BUSINESS UNIVERSITY - A UNIVERSITY THAT PRODUCES HIGHLY RESPECTED RESEARCH AND IDEAS AND GRADUATES GREATLY IN DEMAND WHO WILL BE RECOGNIZED AS SMART, NIMBLE, COMPASSIONATE LEADERS. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS INCLUDING: - US NEWS & WORLD REPORT - RANKED # 6 AMONG REGIONAL UNIVERSITIES AND ONE OF TOP 50 BEST BUSINESS PROGRAMS IN NATION; ALSO, NAMED AMONG THE TOP 100 IN THE NATION FOR ITS GRADUATE SCHOOL OF BUSINESS, - BLOOMBERG'S BUSINESS WEEK - RANKED AMONG THE TOP 30 IN THE NATION FOR BEST UNDERGRADUATE BUSINESS SCHOOLS - ASPEN INSTITUTE - NAMED AS ONE TOP 100 WORLDWIDE FOR ITS GRADUATE SCHOOL OF BUSINESS - SELECTED FOR INCLUSION IN THE 2012 EDITION OF THE PRINCETON REVIEW GUIDE WHICH PROFILES INSTITUTIONS OF HIGHER EDUCATION THAT DEMONSTRATE A NOTABLE COMMITMENT TO SUSTAINABILITY UNDERGRADUATE AND GRADUATE BUSINESS PROGRAMS AT BENTLEY UNIVERSITY ARE ACCREDITED BY THE AACSB INTERNATIONAL (THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS). 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, ADMISSION, DEGREE REQUIREMENTS, LIBRARY AND COMPUTER FACILITIES, FINANCIAL RESOURCES AND INTELLECTUAL CLIMATE. 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. 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. CURRENTLY, BENTLEY OFFERS UNDERGRADUATE STUDENTS THE OPPORTUNITY TO MAJOR IN 20 DISCIPLINES IN BUSINESS AND ARTS AND SCIENCES; GRADUATE STUDENTS THE OPPORTUNITY TO MAJOR IN 11 DISCIPLINES INCLUDING AN INTEGRATED MS+MBA PROGRAM; AND PURSUE PHD PROGRAMS IN BUSINESS AND ACCOUNTANCY. |
| PROGRAM SERVICES | FORM 990, PART III, LINES 4A-4D | LINE 4A 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. 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: 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. 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, THERE'S PLENTY FOR STUDENTS TO CHOOSE FROM WHEN HUNGRY. DINING SERVICES OFFERS A RANGE OF DELICIOUS AND CONVENIENT DINING OPTIONS FROM SEASONS DINING ROOM, OUR MAIN DINING HALL ON CAMPUS, TO SANDELLA'S FLATBREAD CAF, A NATIONAL CHAIN. LINE 4C 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. 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 SERVICE ACCOMPLISHMENTS: OTHER PROGRAM SERVICES INCLUDE PROVIDING SUPPORT FOR OPERATING THE LIBRARY, THE ACADEMIC TECHNOLOGY CENTER, ENTERPRISE INFRASTRUCTURE, CLIENT COMPUTER SERVICES AND OTHER SIMILAR ACADEMIC SERVICES. |
| 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 IN MID APRIL FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW, THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD IN EARLY MAY PRIOR TO FILING. |
| CONFLICT OF INTEREST 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 15C | THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE SALARY AND BENEFIT COMPENSATION FOR THE PRESIDENT AND ALL OFFICERS. 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 ARE POSTED ON THE UNIVERSITY'S WEBSITE FOR PUBLIC VIEWING. REGARDING CONFLICT OF INTEREST, THE INDIVIDUAL FORMS SIGNED BY TRUSTEES AND OFFICERS ARE NOT AVAILABLE FOR PUBLIC INSPECTION BUT THE FOLLOWING INFORMATION IS CONTAINED IN THE UNIVERSITY'S FINANCIAL STATEMENTS: MEMBERS OF THE UNIVERSITY 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 WRITTEN A CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO 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 OF INTEREST OF THE UNIVERSITY. THE UNIVERSITY'S FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE WEBSITE OF THE MASSACHUSETT'S ATTORNEY GENERAL. |
| OTHER CHANGES IN NET ASSETS OR FUND BALANCES | 990, PART XI, LINE 5 | UNREALIZED GAIN ON INVESTMENTS 4,129,000 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -15,962,000 CHANGE IN VALUE OF SPLIT INTEREST TRUST 679,000 CHANGE IN POST-RETIREMENT OBLIGATIONS -2,000 CHANGE IN PLEDGE VALUATIONS -1,943,000 ENDOWMENT RETURN UTILIZED IN OPERATIONS -7,333,000 --------------- TOTAL -20,432,000 |
| SCH. K, PART V | AFTER THE CLOSE OF THE FISCAL PERIOD, THE UNIVERSITY DEVELOPED POLICIES AND PROCEDURES TO IDENTIFY AND ADDRESS ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS PURSUANT TO A VOLUNTARY CLOSING AGREEMENT PROGRAM WHERE SELF-REMEDIATION MAY BE UNAVAILABLE. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS (13) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 FOREST STREET | AddressLine1 |
| City | WALTHAM | City |
| State | MA | State |
| ZIP Code | 02452 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | CRUT/CRAT | PrimaryActivity |
| Legal Domicile State | MA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | TRUST | TypeOfEntity |
| Share Of Total Income | 0 | ShareOfTotalIncome |
| Share Of EOY Assets | 0 | ShareOfEOYAssets |
| Percentage Ownership | 0.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | 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 |
| 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 | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |