Bentley University
- Assets
- $756.2m
- Revenue
- $292.3m
- Investments
- $165.8m
- Employees
- 2,656
- Location
- Waltham, MA
- Founding
- 03/1950
- Data as of
- 06/2021
- EIN
- 04-1081650
Organization Overview
Bentley University is located in Waltham, MA. The organization was established in 1950. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bentley University employed 2,656 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bentley University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bentley University generated $292.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $286.7m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bentley University has awarded 21 individual grants totaling $585,527. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION, FEES, AND AUXILIARYFOUNDED IN 1917 AS THE BENTLEY SCHOOL OF ACCOUNTING AND FINANCE, BENTLEY UNIVERSITY PLACES VITAL EMPHASIS ON THE QUALITY OF ITS FACULTY AS DEDICATED TEACHERS/SCHOLARS. ACADEMICS ACROSS ALL DEPARTMENTS ARE COMMITTED TO ESTABLISHING EFFECTIVE TEACHING AND LEARNING RELATIONSHIPS WITH STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM, WHILE SIMULTANEOUSLY PURSUING SCHOLARLY RESEARCH THAT CONTRIBUTES TO THEIR KNOWLEDGE AND THAT SUPPORTS THE UNIVERSITY'S TEACHING MISSION. OUR MORE THAN 100 STUDENT ORGANIZATIONS PROVIDE COUNTLESS OPPORTUNITIES FOR INVOLVEMENT, LEARNING, AND LEADERSHIP.SEE SCHEDULE O FOR CONTINUATIONAPPROXIMATELY 75% OF BENTLEY'S UNDERGRADUATE STUDENTS LIVE IN CAMPUS-PROVIDED HOUSING. RESIDENCE HALLS INCLUDE SINGLE, DOUBLE, TRIPLE, AND QUADRUPLE OCCUPANCY ROOMS AS WELL AS APARTMENTS AND SUITES. ALL OF THE RESIDENCE HALLS OFFER STUDENTS MODERN DAY AMENITIES. IN ADDITION, THE UNIVERSITY OFFERS RESIDENT STUDENTS SEVERAL DIFFERENT DINING OPTIONS FROM WHICH TO CHOOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Labrent Chrite President/trustee (as Of 6/21) | OfficerTrustee | 50 | $472,260 |
J Paul Condrin III Chair/former President (6/20-6/21) | Trustee | 50 | $261,231 |
David L Giunta Vice Chair | OfficerTrustee | 8 | $0 |
Robert E Alan Trustee | Trustee | 2 | $0 |
Thomas P Alber Trustee | Trustee | 2 | $0 |
Kevin F Armata Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Timberline Construction Corporation Construction | 6/29/22 | $2,423,188 |
Titan Roofing Inc Construction | 6/29/22 | $1,974,000 |
Sodexo Inc & Affiliates Food Services | 6/29/22 | $11,089,233 |
C & W Facility Services Inc Custodial Services | 6/29/22 | $811,490 |
Chapman Constructiondesign Company Construction | 6/29/22 | $1,895,644 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,599,000 |
| Investment income | $2,232,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,012,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,278,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $78,285,686 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,597,368 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,759,532 |
| Compensation to disqualified persons | $1,876,757 |
| Other salaries and wages | $95,909,771 |
| Pension plan accruals and contributions | $4,287,819 |
| Other employee benefits | $11,880,835 |
| Payroll taxes | $6,947,343 |
| Fees for services: Management | $1,533,521 |
| Fees for services: Legal | $455,548 |
| Fees for services: Accounting | $493,340 |
| Fees for services: Lobbying | $18,860 |
| Fees for services: Fundraising | $98,990 |
| Fees for services: Investment Management | $4,540,099 |
| Fees for services: Other | $1,953,460 |
| Advertising and promotion | $3,145,140 |
| Office expenses | $5,633,306 |
| Information technology | $5,058,514 |
| Royalties | $0 |
| Occupancy | $13,953,264 |
| Travel | $142,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $614,030 |
| Interest | $6,885,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,552,000 |
| Insurance | $742,704 |
| All other expenses | $0 |
| Total functional expenses | $286,716,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,697,436 |
| Pledges and grants receivable | $3,705,556 |
| Accounts receivable, net | $3,160,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,110,823 |
| Investments—publicly traded securities | $205,432,270 |
| Investments—other securities | $165,796,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $756,187,665 |
| Accounts payable and accrued expenses | $28,749,180 |
| Grants payable | $0 |
| Deferred revenue | $17,404,054 |
| Tax-exempt bond liabilities | $154,576,489 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,865,942 |
| Total liabilities | $229,595,665 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $526,592,000 |
Grants Awarded
Over the last fiscal year, Bentley University has awarded $167,375 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE REGENTS OF THE UNIVERSITY OF COLORADO PURPOSE: RESEARCH | $23,603 |
CARLETON COLLEGE PURPOSE: RESEARCH | $60,507 |
OREGON STATE UNIVERSITY PURPOSE: RESEARCH | $65,265 |
MA CONFERENCE FOR WOMEN PURPOSE: SPONSORSHIP | $18,000 |