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Nonprofiteer
← BENNINGTON COLLEGE

Form 990 for tax year 2023

Filed by BENNINGTON COLLEGE.

Totals

Total revenue
$86,826,890
Total expenses
$89,498,931
Contributions and grants received
$21,770,449
Grants paid
$36,717,176
Program service revenue
$61,586,720
Investment income
$2,308,722
Other revenue
$1,160,999
Total assets, end of year
$151,545,349
Total liabilities, end of year
$61,020,565
Net assets or fund balances, end of year
$90,524,784
Program services expenses (Part IX)
$77,493,202
Management and general expenses
$10,425,428
Fundraising expenses
$1,580,301
Program service expenses (Part III)
$77,493,202

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • NICHOLAS STEPHENS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES SIMON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA USHKOW DEANE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALISHA SHRESTHA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PRISCILLA ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRACY KATSKY BOOMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW CLARKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM DERROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HECHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALAN KORNBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL B ROWLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELLEN BESKIND SAFIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY SCANLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLENE SOLOW SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN MARC SHERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE STIMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH BORDA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE BRUNDAGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ODILI ODITA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA A ROSENBURG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE DAVISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FLORENCE GILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEKKA SCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LORRAINE ATWOOD

    TREASURER/SVP OF FINANCE

    Total calculated
    $148,816
    From this org
    $126,431
    From related orgs
    $0
    Other
    $22,385
    Hours/week
    40

  • LAURA WALKER

    PRESIDENT

    Total calculated
    $595,214
    From this org
    $534,678
    From related orgs
    $0
    Other
    $60,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,404
    Bonus
    $0
    Other
    $19,274
    Deferred
    $28,995
    Nontaxable benefits
    $31,541
    Filer's total
    $595,214

  • JOSE ANTONIO N CABASCO

    VP FOR ENROLLMENT

    Total calculated
    $248,929
    From this org
    $229,619
    From related orgs
    $0
    Other
    $19,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,619
    Bonus
    $0
    Other
    $0
    Deferred
    $18,938
    Nontaxable benefits
    $372
    Filer's total
    $248,929

  • MAURICE HALL

    PROVOST

    Total calculated
    $274,703
    From this org
    $241,862
    From related orgs
    $0
    Other
    $32,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,862
    Bonus
    $0
    Other
    $0
    Deferred
    $20,503
    Nontaxable benefits
    $12,338
    Filer's total
    $274,703

  • KEITH MICHEL

    VP OF STRATEGY

    Total calculated
    $247,564
    From this org
    $232,261
    From related orgs
    $0
    Other
    $15,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,261
    Bonus
    $0
    Other
    $0
    Deferred
    $15,178
    Nontaxable benefits
    $125
    Filer's total
    $247,564

  • ALFREDO MEDINA

    VP OF DEI

    Total calculated
    $225,803
    From this org
    $186,013
    From related orgs
    $0
    Other
    $39,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,013
    Bonus
    $0
    Other
    $0
    Deferred
    $8,210
    Nontaxable benefits
    $31,580
    Filer's total
    $225,803

  • JEFFREY PERKINS

    VP OF MARKETING

    Total calculated
    $198,643
    From this org
    $173,152
    From related orgs
    $0
    Other
    $25,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,152
    Bonus
    $0
    Other
    $0
    Deferred
    $13,167
    Nontaxable benefits
    $12,324
    Filer's total
    $198,643

  • SHELTON WALKER

    CHIEF OF STAFF/VP STRATEGY (TERM 03/24)

    Total calculated
    $206,087
    From this org
    $170,623
    From related orgs
    $0
    Other
    $35,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,623
    Bonus
    $0
    Other
    $0
    Deferred
    $13,618
    Nontaxable benefits
    $21,846
    Filer's total
    $206,087

  • MARK WUNDERLICH

    DIRECTOR OF MFA IN WRITING

    Total calculated
    $182,714
    From this org
    $158,204
    From related orgs
    $0
    Other
    $24,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,204
    Bonus
    $0
    Other
    $0
    Deferred
    $12,195
    Nontaxable benefits
    $12,315
    Filer's total
    $182,714

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
LAURA WALKER, PRESIDENT, PARTICIPATES IN A 457(B) PLAN AND THE AMOUNT ACCRUED UNDER THE PLAN FOR TAX YEAR 2023 WAS $22,500.

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 -$328,830 · assets $49,817,931

    Directly controlled by BENNINGTON COLLEGE CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERPETUAL TRUST

    T · TRUST · VA · share of income $35,401 · share of assets $445,033

  • PERPETUAL TRUST

    T · TRUST · MN · share of income $160,876 · share of assets $1,989,725

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349309373

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