Bentley University

“Form 990, part iii, line 1 bentley university is one of the nations' leading business schools, dedicated to preparing a new kind of business leader and one with the deep technical skills, the broad global perspective and the high ethical standards required to make a difference in an ever-changing world. To achieve our goal, we infuse our advanced business curriculum with the richness of a liberal arts education. The results are graduates who are making an impact in their chosen fields and turning their passions into success stories. Located on a classic new england campus just minutes from boston, bentley is a dynamic community of leaders, scholars and creative thinkers. Bentley university enjoys a strong position in many major rankings and lists including: u.s. News & world report, bloomberg business week, the princeton review and many other national publications. Undergraduate and graduate business programs at bentley university are accredited by the aacsb international and the association to advance collegiate schools of business. The university is also accredited by the new england association of schools and colleges inc. (neasc). All of these accreditations indicate that bentley university meets or exceeds established standards as determined by periodic aacsb peer group review. In addition bentley university is one of only two business schools in the u.s. And 130 business schools worldwide, to earn european quality improvement system (equis) accreditation. Equis is the leading international system of quality assessment, improvement, and accreditation of higher education institutions in management and business administration.”

“Form 990, part iii, lines 4a-4d line 4a, instruction: founded in 1917 as the bentley school of accounting and finance, bentley university places vital emphasis on the quality of its faculty as dedicated teacher-scholars/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 contribute to the knowledge and that support the university's teaching mission. Line 4b, auxiliary enterprises: approximately 80% of bentley's undergraduates students live on 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 to choose. Line 4c, student services: our more than 100 students organizations provide countless opportunities for involvement, learning and leadership. The office of student activities, working with the association of bentley activities (aba), helps recognize, support and manage all of our student organizations and vibrant community of student leaders. The university firmly believes that getting involved in these types of programs is crucial to success at the university. At bentley, you are surrounded by a strong student leader community - and that is what makes our campus such a strong and vibrant place to be. We firmly believe that getting involved in student organizations, communities and co-curricular activities is crucial to our success on campus. Line 4d, other program services: bentley's business-oriented high-tech centers and learning facilities give students hands-on experience with the latest hardware and software in finance, information systems, marketing, accounting and languages. Our academic centers enrich students with resources and thought leadership in arts, ethics, international education, and service opportunities.”

“Form 990, part vi, section b, line 11 a full and complete copy of the form 990 and all its accompanying schedules was sent electronically to the university's trustee audit committee in mid april for its review. Upon completion of that review, the complete form 990 was made available to the full board in early may prior to filing.”

“Form 990, part vi, section b, line 12c members of the university's board of trustees and senior management may, from time to time, be associated, either directly or indirectly, with companies doing business with the university. The university has a written conflict of interest policy that requires, among other things, that no member of the board of trustees may participate in any decision in which he or she has a material financial interest. Each trustee is required to certify compliance with the conflict of interest policy on an annual basis as well as disclose any potential related-party transactions to the audit committee. When such a relationship exists, the university requires that such transactions be conducted at arm's length, with terms that are fair and reasonable to the university. For senior management, the university requires annual disclosure of significant financial interests in, or governance of employment or consul ting relationships with entities doing business with the university. When such relationships exist, measures are taken to appropriately manage the actual or perceived conflict in the best interest of the university.”

“Form 990, part vi, section b, line 15 salary and benefit compensation arrangements for the president and all officers are reviewed and approved in advance of any payment by the compensation committee of the board of trustees who is independent of management and free of any conflicts of interest that would interfere with their exercise of independent judgment. This includes review of other non-profit organizations form 990, general salary surveys and studies, and requires approval by the full board. In addition, the university uses an independent party that reviews salary information and reports results to the compensation and benefits committee of the board of trustees. Detail of all discussions with the trustee committee is contemporaneously documented.”

“Form 990, part vi, section c, line 19 the university's principal governing documents, including the articles of incorporation and by-laws, are filed with the massachusetts secretary of state and therefore available to the public. The university's financial statements are posted on the university's website for public viewing. Regarding conflict of interest, the individual forms signed by trustees and officers are not available for public inspection but the university's financial statements do include a footnote discussing related-party transactions. The conflict of interest policy is also available upon request.”

“990, part xi, line 9 change in fair value of interest rate swap $ 508,000 change in value of split interest trust $ (802,000) reclassification of net assets $ 112,000 change in post-retirement retirement costs $ (106,000) refinancing of long term debt $ (577,000) total $ (865,000)”