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Nonprofiteer
← BENNETT COLLEGE

Form 990 for tax year 2023

Filed by BENNETT COLLEGE.

Totals

Total revenue
$16,569,468
Total expenses
$15,984,786
Contributions and grants received
$11,425,702
Grants paid
$2,641,861
Program service revenue
$4,006,362
Investment income
$888,578
Other revenue
$248,826
Total assets, end of year
$45,502,241
Total liabilities, end of year
$8,048,203
Net assets or fund balances, end of year
$37,454,038
Program services expenses (Part IX)
$8,061,865
Management and general expenses
$7,332,831
Fundraising expenses
$590,090
Program service expenses (Part III)
$8,061,865

Program services were 50.4% 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)

    $7,961,954

  • 1f · All other contributions, gifts and grants

    $3,463,748

  • 1g · Noncash contributions included above

    $11,033

  • 2a · Program service revenue: TUITION AND FEES

    total $2,749,176 · related or exempt $2,749,176

  • 2b · Program service revenue: SALES AND SERVICES OF AUXILIARY E

    total $1,257,186 · related or exempt $1,257,186

  • 3 · Investment income

    total $766,083 · excluded $766,083

  • 6a · Gross rents

    real property $88,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $88,750

  • 6d · Net rental income or loss

    total $88,750 · excluded $88,750

  • 7a · Gross sales of assets other than inventory

    securities $122,495

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $122,495

  • 7d · Net gain or loss

    total $122,495 · related or exempt $122,495

  • 11a · Other revenue: OTHER INCOME

    total $160,076 · related or exempt $160,076

  • 11e · Other revenue, total

    $160,076

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,641,861 · program services $2,641,861

  • 5 · Compensation of officers, directors and key employees

    total $1,085,804 · management and general $1,085,804

  • 7 · Other salaries and wages

    total $3,752,655 · program services $2,318,385 · management and general $1,266,586 · fundraising $167,684

  • 20 · Interest

    total $454,492 · management and general $454,492

  • 22 · Depreciation, depletion and amortization

    total $1,265,689 · program services $1,013,184 · management and general $240,481 · fundraising $12,024

  • 23 · Insurance

    total $300,662 · management and general $300,662

  • 24a · Other expenses: CONTRACTED SERVICES

    total $4,334,486 · program services $1,189,723 · management and general $2,823,117 · fundraising $321,646

  • 24b · Other expenses: MISCELLANEOUS

    total $1,094,778 · program services $558,358 · management and general $448,561 · fundraising $87,859

  • 24c · Other expenses: UTILITIES

    total $587,962 · program services $19,035 · management and general $568,927

  • 24d · Other expenses: SUPPLIES

    total $456,397 · program services $311,319 · management and general $144,201 · fundraising $877

  • 24e · All other expenses

    total $10,000 · program services $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,299,645 · end of year $396,174

  • 3 · Pledges and grants receivable

    beginning of year $523,239 · end of year $915,561

  • 4 · Accounts receivable

    beginning of year $706,833 · end of year $754,164

  • 9 · Prepaid expenses and deferred charges

    beginning of year $200,736 · end of year $170,792

  • 10a · Land, buildings and equipment: cost or other basis

    $36,803,272

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,337,103

  • 10c · Land, buildings and equipment, net

    beginning of year $21,663,048 · end of year $23,466,169

  • 11 · Investments: publicly traded securities

    beginning of year $15,390,203 · end of year $16,569,648

  • 13 · Investments: program-related

    beginning of year $2,741,821 · end of year $2,741,821

  • 15 · Other assets

    beginning of year $456,596 · end of year $487,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $779,361 · end of year $1,386,162

  • 19 · Deferred revenue

    end of year $117,654

  • 23 · Secured mortgages and notes payable

    beginning of year $6,443,559 · end of year $6,539,251

  • 25 · Other liabilities

    beginning of year $35,858 · end of year $5,136

  • 27 · Net assets without donor restrictions

    beginning of year $18,395,056 · end of year $18,711,774

  • 28 · Net assets with donor restrictions

    beginning of year $17,328,287 · end of year $18,742,264

Mission and programs · 2023

Mission

TO OFFER WOMEN AN EDUCATION CONDUCIVE TO EXCELLENCE IN SCHOLARLY PURSUITS, PREPARATION FOR LEADERSHIP ROLES IN THE WORKPLACE, SOCIETY, AND THE WORLD, AND LIFE-LONG LEARNING IN A TECHNOLOGICALLY ADVANCED, COMPLEX GLOBAL SOCIETY.

Activities or mission (Part I)

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

  • TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD. A TOTAL OF 374 STUDENTS WERE ENROLLED DURING THE FALL AND SPRING SEMESTERS.

    Expenses $6,826,340 · Grants $2,641,861 · Revenue $3,031,747

  • 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.

    Expenses $1,235,525 · Revenue $1,257,186

As filed on the 2023 return.

Listed in Part VII

  • JERMON M BAFATY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR ANNA HARRISON

    TRUSTEE - EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DR RONALD L CARTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV RODVEGAS MARC INGRAM SR

    TRUSTEE - EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DR CHARLENE GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ATTY CASSANDRA JONES HARVARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ZAKYA JONES-WALKER

    TRUSTEE - EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DR PAMELA CV JOLLY

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • DEBRA CLARK JONES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DR MARK MILLIRON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NATALIE RENEE PARKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SENATOR GLADYS ASHE ROBINSON PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR MELBA GOODE

    TRUSTEE - EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • ATTY NICOLE WASHINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ATTY MADIEU WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIGNON ESPY EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELANI WALKER DZIIRE CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL PARQUET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE E WALSH

    PRESIDENT

    Total calculated
    $312,291
    From this org
    $298,020
    From related orgs
    $0
    Other
    $14,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,020
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,271
    Filer's total
    $312,291

  • ELIZABETH WAUGH

    CFO AND VICE PRESIDENT OF BUSINESS

    Total calculated
    $150,678
    From this org
    $126,629
    From related orgs
    $0
    Other
    $24,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,629
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,049
    Filer's total
    $150,678

  • YVETTE WIMBERLY

    ASSISTANT VICE PRESIDENT, ENROLLMENT

    Total calculated
    $130,511
    From this org
    $109,498
    From related orgs
    $0
    Other
    $21,013
    Hours/week
    40

  • SANTIBA CAMPBELL

    ASSOCIATE PROFESSOR, PSYCHOLOGY

    Total calculated
    $84,329
    From this org
    $65,696
    From related orgs
    $0
    Other
    $18,633
    Hours/week
    40

  • JERMAINE THOMAS

    EXECUTIVE DIRECTOR, CAMPUS SAFETY AND HEALTH

    Total calculated
    $121,622
    From this org
    $99,690
    From related orgs
    $0
    Other
    $21,932
    Hours/week
    40

  • FRANK MCCAIN

    VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT

    Total calculated
    $53,188
    From this org
    $42,214
    From related orgs
    $0
    Other
    $10,974
    Hours/week
    40

  • LAURA MCCLEAN

    VICE PRESIDENT, ACADEMIC AFFAIRS

    Total calculated
    $150,723
    From this org
    $128,083
    From related orgs
    $0
    Other
    $22,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,083
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,640
    Filer's total
    $150,723

  • PHANALPHIE RHUE

    VICE PRESIDENT, INSTITUTIO

    Total calculated
    $146,503
    From this org
    $122,723
    From related orgs
    $0
    Other
    $23,780
    Hours/week
    40

  • SHEMRICO ROMAN STANLEY

    VICE PRESIDENT, ENROLLEMEN

    Total calculated
    $110,692
    From this org
    $102,809
    From related orgs
    $0
    Other
    $7,883
    Hours/week
    40

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511299349301216

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