Bennett College

Organization Overview

Bennett College is located in Greensboro, NC. The organization was established in 1977. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Bennett College employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennett College 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 06/2022, Bennett College generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $16.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE COLLEGE IS TO PREPARE STUDENTS PERSONALLY, SOCIALLY AND INTELLECTUALLY TO EFFECTIVELY FUNCTION IN A CHANGING GLOBAL SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD.


AUXILIARY ENTERPRISE SUPPORTS THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES, PARKING, VENDING, CAMPUS STORES AND ATHLETICS.


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Board, Officers & Key Employees

Name (title)Compensation
Senator Gladys Ashe Robinson PHD
Trustee
$0
Dr Carlinda Purcell
Trustee
$0
Dr Santiba Campbell
Trustee - Non-Voting
$0
Ms Lanella Smith
Trustee
$0
Mrs Natalie Renee Parker
Secretary
$0
Dr Mark Milliron
Vice President For Finance
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ies Roofinginc
Construction
$725,761
Morgan Stanley
Financial Institution
$641,663
United Healthcare Inc
Insurance
$620,083
Unified Technology Systems Inc
Information Technology
$548,877
Clifton Larson Allen Llp
Accounting
$398,887
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,573,850
All other contributions, gifts, grants, and similar amounts not included above$2,108,011
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,681,861
Total Program Service Revenue$2,287,984
Investment income $750,254
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $226,227
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,731,439

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