Totals
- Total revenue
- $76,428,687
- Total expenses
- $83,228,772
- Contributions and grants received
- $16,592,665
- Grants paid
- $33,181,970
- Program service revenue
- $57,434,963
- Investment income
- $1,139,004
- Other revenue
- $1,262,055
- Total assets, end of year
- $151,307,079
- Total liabilities, end of year
- $61,054,451
- Net assets or fund balances, end of year
- $90,252,628
- Program services expenses (Part IX)
- $72,119,019
- Management and general expenses
- $9,569,619
- Fundraising expenses
- $1,540,134
- Program service expenses (Part III)
- $72,119,019
Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$469,441
-
1f · All other contributions, gifts and grants
$16,123,224
-
1g · Noncash contributions included above
$6,247,663
-
2a · Program service revenue: TUITION AND FEES
total $44,964,244 · related or exempt $44,964,244
-
2b · Program service revenue: ROOM AND BOARD
total $11,704,605 · related or exempt $11,704,605
-
2c · Program service revenue: ANCILLARY STUDENT SERVICES
total $766,114 · related or exempt $766,114
-
3 · Investment income
total $1,295,004 · excluded $1,295,004
-
6a · Gross rents
real property $1,706,490
-
6b · Less rental expenses
real property $604,566
-
6c · Rental income or loss
real property $1,101,924
-
6d · Net rental income or loss
total $1,101,924 · unrelated business $425,315 · excluded $676,609
-
7a · Gross sales of assets other than inventory
securities $15,435,473 · other assets $2,737,400
-
7b · Less cost or other basis and sales expenses
securities $18,328,873 · other assets $0
-
7c · Gain or loss
securities -$2,893,400 · other assets $2,737,400
-
7d · Net gain or loss
total -$156,000 · excluded -$156,000
-
10a · Gross sales of inventory
$240,054
-
10b · Cost of goods sold
$160,110
-
10c · Net income from sales of inventory
total $79,944 · related or exempt $74,140 · unrelated business $5,804
-
11a · Other revenue: NON-FUNDRAISING EVENT REVENUE
total $69,180 · related or exempt $45,805 · unrelated business $23,375
-
11b · Other revenue: MISCELLANEOUS INCOME
total $11,007 · related or exempt $11,007
-
11e · Other revenue, total
$80,187
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $25,780,257 · program services $25,780,257
-
3 · Grants to foreign organizations and individuals
total $7,401,713 · program services $7,401,713
-
5 · Compensation of officers, directors and key employees
total $1,351,130 · program services $570,361 · management and general $735,253 · fundraising $45,516
-
7 · Other salaries and wages
total $21,329,715 · program services $17,025,618 · management and general $3,642,323 · fundraising $661,774
-
8 · Pension plan contributions
total $1,067,217 · program services $860,176 · management and general $163,720 · fundraising $43,321
-
9 · Other employee benefits
total $2,400,673 · program services $1,801,984 · management and general $479,080 · fundraising $119,609
-
10 · Payroll taxes
total $1,474,054 · program services $1,179,512 · management and general $245,281 · fundraising $49,261
-
11b · Fees: legal
total $153,358 · program services $14,830 · management and general $138,528
-
11c · Fees: accounting
total $98,352 · management and general $98,352
-
11f · Fees: investment management
total $150,038 · management and general $150,038
-
12 · Advertising and promotion
total $54,174 · program services $28,664 · management and general $25,510
-
13 · Office expenses
total $569,307 · program services $501,383 · management and general $52,396 · fundraising $15,528
-
14 · Information technology
total $1,042,706 · program services $609,736 · management and general $336,611 · fundraising $96,359
-
16 · Occupancy
total $6,681,580 · program services $6,463,119 · management and general $218,461
-
17 · Travel
total $595,968 · program services $488,773 · management and general $90,027 · fundraising $17,168
-
19 · Conferences, conventions and meetings
total $71,915 · program services $43,211 · management and general $28,704
-
20 · Interest
total $1,451,216 · program services $1,014,338 · management and general $436,878
-
22 · Depreciation, depletion and amortization
total $3,554,020 · program services $3,478,608 · management and general $75,412
-
23 · Insurance
total $311,667 · management and general $311,667
-
24a · Other expenses: OTHER SERVICES
total $5,372,030 · program services $2,638,220 · management and general $2,262,879 · fundraising $470,931
-
24b · Other expenses: FOOD SERVICES
total $2,060,751 · program services $2,034,061 · management and general $26,374 · fundraising $316
-
24c · Other expenses: PROJECTS AND EVENTS
total $145,315 · program services $127,273 · management and general $1,073 · fundraising $16,969
-
24d · Other expenses: OTHER MISCELLANEOUS EXP
total $111,616 · program services $57,182 · management and general $51,052 · fundraising $3,382
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,783,859 · end of year $3,610,666
-
2 · Savings and temporary cash investments
beginning of year $302,067 · end of year $765,563
-
3 · Pledges and grants receivable
beginning of year $29,408,909 · end of year $16,429,476
-
4 · Accounts receivable
beginning of year $2,608,264 · end of year $2,256,166
-
7 · Other notes and loans receivable
beginning of year $1,030 · end of year $0
-
8 · Inventories for sale or use
beginning of year $227,057 · end of year $188,117
-
9 · Prepaid expenses and deferred charges
beginning of year $428,750 · end of year $537,195
-
10a · Land, buildings and equipment: cost or other basis
$136,779,506
-
10b · Land, buildings and equipment: accumulated depreciation
$61,611,196
-
10c · Land, buildings and equipment, net
beginning of year $78,594,046 · end of year $75,168,310
-
11 · Investments: publicly traded securities
beginning of year $33,266,132 · end of year $44,053,154
-
12 · Investments: other securities
beginning of year $160,608 · end of year $160,608
-
13 · Investments: program-related
beginning of year $63,072 · end of year $40,129
-
15 · Other assets
beginning of year $4,904,989 · end of year $8,097,695
-
17 · Accounts payable and accrued expenses
beginning of year $4,488,217 · end of year $3,395,748
-
19 · Deferred revenue
beginning of year $4,959,187 · end of year $4,298,385
-
23 · Secured mortgages and notes payable
beginning of year $51,393,355 · end of year $50,457,927
-
25 · Other liabilities
beginning of year $0 · end of year $2,902,391
-
27 · Net assets without donor restrictions
beginning of year $20,723,997 · end of year $27,543,371
-
28 · Net assets with donor restrictions
beginning of year $71,184,027 · end of year $62,709,257
Mission and programs · 2022
Mission
THE MEN AND WOMEN WHO BROUGHT BENNINGTON COLLEGE INTO BEING SOUGHT TO CREATE A COLLEGE THAT WOULD EMPHASIZE "THE INDIVIDUAL STUDENT AND HER DEVELOPING INTERESTS," LEARNING "BY ACTIVITY AND LIVING", A COMMUNITY LIFE DESIGNED TO "BREAK DOWN ARTIFICIAL BARRIERS BETWEEN TEACHER AND STUDENT AND BETWEEN CURRICULUM AND EXTRA CURRICULUM, AND "A CONSCIOUS ELASTICITY IN EDUCATIONAL PLANS."THE PRINCIPLE OF LEARNING BY PRACTICE AND THE EMPHASIS ON THE INDIVIDUAL UNDERLIE EVERY MAJOR FEATURE OF A BENNINGTON EDUCATION: THE CLOSE WORKING RELATIONSHIP BETWEEN STUDENT AND TEACHER, THE INSISTENCE ON SELF-DETERMINATION, THE COMMITMENT TO LEARNING ACROSS THE DISCIPLINES, AND THE FIELD WORK TERM, WHICH GIVES STUDENTS WORK EXPERIENCE AND CONNECTS THEM TO THE GREATER COMMUNITY. THE PLAN PROCESS, THROUGH WHICH STUDENTS DESIGN THEIR ACADEMIC EXPERIENCES AND NAVIGATE THEIR BENNINGTON EDUCATION, EMBODIES THE COLLEGE'S MISSION.
Activities or mission (Part I)
A LIBERAL ARTS EDUCATIONAL INSTITUTION IN BENNINGTON, VT WITH 800 STUDENTS ENROLLED.
-
UNDERGRADUATE PROGRAM: BENNINGTON COLLEGE HOLDS A DISTINGUISHED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. IT WAS THE FIRST TO INCLUDE THE VISUAL AND PERFORMING ARTS IN A LIBERAL ARTS EDUCATION, AND IT IS THE ONLY COLLEGE TO REQUIRE THAT ITS STUDENTS SPEND SEVEN WEEKS - EVERY YEAR - AT WORK IN THE WORLD (FIELD WORK TERM).BENNINGTON'S CENTER FOR THE ADVANCEMENT OF PUBLIC ACTION IS AN EXPRESSION OF THE COLLEGE'S COMMITMENT TO ENGAGING THE WORLD; BY EMBEDDING IN THE CURRICULUM AN ONGOING DYNAMIC BETWEEN PUBLIC RESPONSIBILITIES AND PRIVATE AMBITIONS, BENNINGTON AIMS TO ENSURE THAT ITS GRADUATES ARE COMMITTED TO, AND CAPABLE OF, EFFECTIVE ACTION IN THE WORLD. (CONTINUED ON SCHEDULE O)BENNINGTON STUDENTS DRAW IN THE FULL BREADTH OF THE COLLEGE'S CURRICULUM WHICH OFFERS CLASSES IN THE HUMANITIES, NATURAL SCIENCES, MATHEMATICS, SOCIAL SCIENCE, AND VISUAL AND PERFORMING ARTS - TO DESIGN INDIVIDUAL COURSES OF STUDY THAT ARE UNIFIED AND FUELED BY THEIR INTELLECT AND IMAGINATION, GUIDED BY THEIR FACULTY, AND SHAPED BY THEIR EXPERIENCE WORKING IN THE WORLD EACH YEAR.
Expenses $70,273,757 · Grants $32,722,127 · Revenue $55,248,386
-
GRADUATE PROGRAMS: BENNINGTON'S GRADUATE PROGRAMS ARE BUILT ON THE BELIEF THAT MAKING NEW WORK IS AT THE HEART OF THE EDUCATIONAL PROCESS. THE COLLEGE'S GRADUATE PROGRAMS ARE SMALL, INTENSIVE, AND SELECTIVE. BENNINGTON OFFERS A LOW-RESIDENCY MASTER OF FINE ARTS IN WRITING PROGRAM, WHICH IS NATIONALLY RECOGNIZED, AS WELL AS AN ON-CAMPUS MASTER OF FINE ARTS IN PERFORMING ARTS. IN 2022-2023, THESE PROGRAMS SERVED APPROXIMATELY 100 STUDENTS.
Expenses $1,845,262 · Grants $459,843 · Revenue $2,317,529
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nicholas StephensNICHOLAS STEPHENS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James SimonJAMES SIMON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Ushkow DeaneBARBARA USHKOW DEANE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Richard AderRICHARD ADER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Priscilla AlexanderPRISCILLA ALEXANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy Katsky BoomerTRACY KATSKY BOOMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan Paris BordenSUSAN PARIS BORDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ClarkeMATTHEW CLARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William DerroughWILLIAM DERROUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael HechtMICHAEL HECHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan KornbergALAN KORNBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel B RowlandDANIEL B ROWLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ellen Beskind SafirELLEN BESKIND SAFIR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary ScanlanMARY SCANLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlene Solow SchwartzCHARLENE SOLOW SCHWARTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Marc ShermanJONATHAN MARC SHERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine StimpsonCATHERINE STIMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deborah BordaDEBORAH BORDA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne BrundageSUZANNE BRUNDAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Odili OditaODILI ODITA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa A RosenburgMELISSA A ROSENBURG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gabriela YadegariGABRIELA YADEGARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George DavisonGEORGE DAVISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Florence GillFLORENCE GILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sekka ScherSEKKA SCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian MurphyBRIAN MURPHY
TREASURER/SVP OF FINANCE
- Total calculated
- $332,866
- From this org
- $283,506
- From related orgs
- $0
- Other
- $49,360
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,506
- Bonus
- $0
- Other
- $0
- Deferred
- $25,542
- Nontaxable benefits
- $23,818
- Filer's total
- $332,866
-
Laura WalkerLAURA WALKER
PRESIDENT
- Total calculated
- $604,770
- From this org
- $540,910
- From related orgs
- $0
- Other
- $63,860
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $519,123
- Bonus
- $0
- Other
- $21,787
- Deferred
- $26,825
- Nontaxable benefits
- $37,035
- Filer's total
- $604,770
-
Jose Antonio N CabascoJOSE ANTONIO N CABASCO
VP FOR ENROLLMENT
- Total calculated
- $237,972
- From this org
- $219,601
- From related orgs
- $0
- Other
- $18,371
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,601
- Bonus
- $0
- Other
- $0
- Deferred
- $18,267
- Nontaxable benefits
- $104
- Filer's total
- $237,972
-
Claudia KeenanCLAUDIA KEENAN
SVP FOR ADVANCEMENT (TERM 05/22)
- Total calculated
- $199,289
- From this org
- $187,951
- From related orgs
- $0
- Other
- $11,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,534
- Bonus
- $0
- Other
- $70,417
- Deferred
- $0
- Nontaxable benefits
- $11,338
- Filer's total
- $199,289
-
Maurice HallMAURICE HALL
PROVOST
- Total calculated
- $270,270
- From this org
- $238,447
- From related orgs
- $0
- Other
- $31,823
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,447
- Bonus
- $0
- Other
- $0
- Deferred
- $20,178
- Nontaxable benefits
- $11,645
- Filer's total
- $270,270
-
Andrew M SchlatterANDREW M SCHLATTER
VP FACILITIES
- Total calculated
- $185,600
- From this org
- $143,457
- From related orgs
- $0
- Other
- $42,143
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,457
- Bonus
- $0
- Other
- $0
- Deferred
- $11,702
- Nontaxable benefits
- $30,441
- Filer's total
- $185,600
-
Mark WunderlichMARK WUNDERLICH
DIRECTOR OF MFA IN WRITING
- Total calculated
- $171,621
- From this org
- $148,423
- From related orgs
- $0
- Other
- $23,198
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,423
- Bonus
- $0
- Other
- $0
- Deferred
- $11,553
- Nontaxable benefits
- $11,645
- Filer's total
- $171,621
-
Shelton WalkerSHELTON WALKER
CHIEF OF STAFF/VP STRATEGY
- Total calculated
- $192,604
- From this org
- $158,714
- From related orgs
- $0
- Other
- $33,890
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,119
- Bonus
- $0
- Other
- $8,595
- Deferred
- $11,854
- Nontaxable benefits
- $22,036
- Filer's total
- $192,604
-
Alfredo MedinaALFREDO MEDINA
VP OF DEI
- Total calculated
- $187,729
- From this org
- $157,288
- From related orgs
- $0
- Other
- $30,441
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,288
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $30,441
- Filer's total
- $187,729
-
Li-Chen ChinLI-CHEN CHIN
VP/DEAN OF STUDENT LIFE
- Total calculated
- $183,510
- From this org
- $149,120
- From related orgs
- $0
- Other
- $34,390
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,120
- Bonus
- $0
- Other
- $0
- Deferred
- $6,585
- Nontaxable benefits
- $27,805
- Filer's total
- $183,510
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- HOUSING: AS A SMALL, RESIDENTIAL UNDERGRADUATE COLLEGE, BENNINGTON'S PRESIDENT IS REQUIRED TO LIVE AT THE COLLEGE OWNED RESIDENCE MAINTAINED HISTORICALLY FOR THE USE OF SITTING PRESIDENT. IN ADDITION TO SERVING AS THE PRESIDENT'S RESIDENCE, THE PRESIDENT'S HOUSE IS USED FOR NUMEROUS PRESIDENTIAL-LED ACTIVITIES INCLUDING TRUSTEE, FACULTY,STAFF, STUDENT AND ALUMNI MEETINGS, RECEPTIONS AND EVENTS. THE HOUSING IS NON-TAXABLE BENEFIT PROVIDED TO THE PRESIDENT AND THE ESTIMATED AMOUNT OF THIS BENEFIT IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II FOR NONTAXABLE BENEFITS. PERSONAL SERVICE: A HOUSEKEEPER IS PROVIDED TO THE PRESIDENT TO FACILITATE HER ABILITY TO FOCUS ON HER DUTIES AND RESPONSIBILITIES. THE TOTAL COST OF WAGES AND BENEFITS FOR THE ASSISTANCE HAS BEEN INCLUDED IN THE PRESIDENT'S REPORTED TAXABLE WAGES.
- PART I, LINE 4B
- CLAUDIA KEENAN RECEIVED A SEVERANCE PAYMENT OF $70,417 DURING CALENDAR YEAR 2022. LAURA WALKER, PRESIDENT, PARTICIPATES IN A 457(B) PLAN AND THE AMOUNT ACCRUED UNDER THE PLAN FOR TAX YEAR 2022 WAS $19,500.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BC CAMPUS HOLDINGS LLC
LEASING/FINANCING · VT · income -$354,697 · assets $23,251,842
Directly controlled by BENNINGTON COLLEGE CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
FEUSRA REIT HOLDINGS II LLC
EXCLUDED · INVESTMENT · NY · 99.8% owned · share of assets $1,327,700
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PERPETUAL TRUST
T · TRUST · VA · share of income $11,409 · share of assets $409,632
-
PERPETUAL TRUST
T · TRUST · MN · share of income $118,801 · share of assets $1,828,849
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349301134
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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