Nonprofit · EIN 04-1081650
BENTLEY UNIVERSITY
Tax-exempt · WALTHAM, MA 02452
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $414,000,417 | $397,668,134 | $16,332,283 | $906,626,547 | $264,599,547 | $642,027,000 |
| June 30, 2024 | 990 | $384,725,127 | $365,306,952 | $19,418,175 | $797,040,848 | $197,864,848 | $599,176,000 |
| June 30, 2023 | 990 | $347,738,231 | $333,671,536 | $14,066,695 | $753,030,083 | $203,271,083 | $549,759,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,562,000
- of which government grants
- $2,496,000
- Program service revenue
- $378,596,332
- Investment income
- $24,842,085
- Net gain from sales of assets
- $11,366,906
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $128,132,990
- Compensation of officers, directors and key employees
- $5,044,100
- Other salaries and wages
- $125,128,213
- Salaries, compensation and benefits (total)
- $166,942,777
- Professional fundraising fees
- $173,216
- Legal fees
- $421,010
- Accounting fees
- $584,842
- Occupancy
- $7,364,605
- Travel
- $5,032,088
- Depreciation
- $19,883,821
- Program services (functional)
- $344,144,580
- Management and general (functional)
- $47,569,008
- Fundraising (functional)
- $5,954,546
Balance sheet and other
- Total assets, start of year
- $797,040,848
- Total assets, end of year
- $906,626,547
- Total liabilities, end of year
- $264,599,547
- Net assets, end of year
- $642,027,000
- Land, buildings and equipment
- $306,342,000
- Publicly traded securities
- $229,065,682
- Net assets without donor restrictions
- $467,799,000
- Net assets with donor restrictions
- $174,228,000
- Gross unrelated business income
- $1,037,363
- Gross receipts
- $619,979,511
- Employees
- 2,832
- Volunteers
- 250
- Year formed
- 1917
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E LABRENT CHRITE | PRESIDENT/TRUSTEE Trustee or director, Officer | 50 | $945,895 | $202,830 |
| PAUL TESLUK | PROVOST & VP, ACADEMIC AFFAIRS Officer | 50 | $484,427 | $58,291 |
| MAUREEN FORRESTER | VP, CFO/TREASURER Officer | 50 | $458,992 | $58,289 |
| KARTIK RAMAN | ASSOCIATE PROVOST Highest-paid employee | 50 | $436,175 | $58,256 |
| RANI HOITASH | PROFESSOR Highest-paid employee | 50 | $412,065 | $59,759 |
| CHRIS GRUGAN | VP, UNIVERSITY ADVANCEMENT Officer | 50 | $423,787 | $34,651 |
| SANJAY PUTREVU | DEAN OF BUSINESS Highest-paid employee | 50 | $395,532 | $58,088 |
| CAROLINA FIGUEROA | VP, ENROLLMENT MANAGEMENT Officer | 50 | $380,320 | $59,255 |
| MARTIN CONYON | PROFESSOR Highest-paid employee | 50 | $372,296 | $57,071 |
| MICHAEL PAGE | PROFESSOR Highest-paid employee | 50 | $379,113 | $42,508 |
| J ANDREW SHEPARDSON | VP, STUDENT AFFAIRS & DEAN Officer | 50 | $352,508 | $56,524 |
| GUILHERME COSTA | VP/GEN COUNSEL & SECRETARY Officer | 50 | $322,649 | $58,301 |
| ELIZABETH HESS | VP AND CIO Officer | 50 | $337,867 | $31,735 |
| SEAN FERGUSON | VP, STRATEGY & INNOVATION Officer | 50 | $306,718 | $54,632 |
| DONNA MARIA BLANCERO | FORMER PROVOST Former | 50 | $297,182 | $52,346 |
23 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER J JOYCE | VP, MARKETING & COMM Officer | 50 | $292,982 | $47,615 |
| GEORGE CANGIANO | FMR VP, HUMAN RESOURCES (UNTIL 12/24) Officer | 50 | $286,205 | $52,349 |
| KRISTEN JADUL | VP, HUMAN RESOURCES (AS OF 1/25) Officer | 50 | $215,013 | $46,567 |
| KATHERINE PENN | VP, DIV/INCLUSION Officer | 50 | $236,738 | $23,335 |
| RICK OCHES | FORMER PROVOST Former | 50 | $173,024 | $21,714 |
| J PAUL CONDRIN III | CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| DAVID L GIUNTA | VICE CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| ROBERT E ALAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS P ALBER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEPHEN L DELVECCHIO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VANEESHA DUTRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOYCE J ELAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL FARLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELANIE FOLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEVEN C MILLNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEBONE C MOSES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN G O'CONNELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELANIE OTERO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL PAPPAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GORDON E PULSIFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELINDA WILLIAMS RENO | TRUSTEE (AS OF 7/24) Trustee or director | 1 | $0 | $0 |
| TIFFANY R WARREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN T ZINO | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E LABRENT CHRITE | PRESIDENT/TRUSTEE Trustee or director, Officer | 50 | $875,013 | $195,082 |
| PAUL TESLUK | PROVOST & VP, ACADEMIC AFFAIRS Officer | 50 | $464,016 | $55,513 |
| MAUREEN FORRESTER | VP, CFO/TREASURER Officer | 50 | $436,392 | $55,511 |
| KARTIK RAMAN | ASSOCIATE PROVOST Highest-paid employee | 50 | $386,652 | $55,471 |
| CHRIS GRUGAN | VP, UNIVERSITY ADVANCEMENT Officer | 50 | $407,342 | $33,146 |
| RANI HOITASH | PROFESSOR Highest-paid employee | 50 | $378,887 | $55,482 |
| CAROLINA FIGUEROA | VP, ENROLLMENT MANAGEMENT Officer | 50 | $373,890 | $56,478 |
| SANJAY PUTREVU | DEAN OF BUSINESS Highest-paid employee | 50 | $373,946 | $56,023 |
| MARTIN CONYON | PROFESSOR Highest-paid employee | 50 | $360,349 | $54,358 |
| MICHAEL PAGE | PROFESSOR Highest-paid employee | 50 | $366,795 | $40,581 |
| DONNA MARIA BLANCERO | PROFESSOR, FORMER PROVOST Former | 50 | $338,607 | $54,356 |
| J ANDREW SHEPARDSON | VP, STUDENT AFFAIRS & DEAN Officer | 50 | $329,940 | $54,990 |
| SEAN FERGUSON | VP, STRATEGY & INNOVATION Officer | 50 | $306,816 | $52,386 |
| ELIZABETH HESS | VP AND CIO Officer | 50 | $315,686 | $30,543 |
| GEORGE CANGIANO | VP, HUMAN RESOURCES Officer | 50 | $277,880 | $50,297 |
| RICK OCHES | DEAN OF ARTS & SCI; FMR PROVOST Former | 50 | $288,928 | $36,094 |
| CHRISTOPHER J JOYCE | VP, MARKETING & COMM Officer | 50 | $278,709 | $45,694 |
| KATHERINE PENN | VP, DIV/INCLUSION Officer | 50 | $230,132 | $22,601 |
| GUILHERME COSTA | VP/GEN COUNSEL & SECRETARY Officer | 50 | $211,081 | $29,235 |
| JUDITH MALONE | FMR VP/GEN COUNSEL & SECRETARY(7/23) Officer | 50 | $182,135 | $30,155 |
| NANCY ANTUNES | FORMER INTERIM CFO Former | 50 | $166,208 | $25,269 |
| J PAUL CONDRIN III | CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| DAVID L GIUNTA | VICE CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| ROBERT E ALAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS P ALBER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAULINE CALLENDER HAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN L DELVECCHIO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VANEESHA DUTRA | TRUSTEE (AS OF 9/23) Trustee or director | 1 | $0 | $0 |
| JOYCE J ELAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL FARLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELANIE FOLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEVEN C MILLNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEBONE C MOSES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN G O'CONNELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELANIE OTERO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL PAPPAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GORDON E PULSIFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEBORA L SPAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NICKOLAS STAVROPOULOS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIFFANY R WARREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN T ZINO | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E LABRENT CHRITE | PRESIDENT/TRUSTEE Trustee or director, Officer | 50 | $840,499 | $132,653 |
| MAUREEN FORRESTER | VP, CFO/TREASURER Officer | 50 | $420,269 | $51,183 |
| M LYNNE MARKUS | PROFESSOR Highest-paid employee | 50 | $405,640 | $37,407 |
| RANI HOITASH | PROFESSOR Highest-paid employee | 50 | $378,019 | $51,160 |
| DONNA MARIA BLANCERO | PROFESSOR; FORMER PROVOST Highest-paid employee | 50 | $373,792 | $50,140 |
| MICHAEL PAGE | PROFESSOR Highest-paid employee | 50 | $364,047 | $37,470 |
| CAROLINA FIGUEROA | VP, ENROLLMENT MANAGEMENT Officer | 50 | $345,763 | $52,150 |
| MARTIN CONYON | PROFESSOR Highest-paid employee | 50 | $347,083 | $50,122 |
| J ANDREW SHEPARDSON | VP, STUDENT AFFAIRS & DEAN Officer | 50 | $318,400 | $51,117 |
| JUDITH MALONE | VP/GENERAL COUNSEL & SECRETARY Officer | 50 | $311,162 | $50,060 |
| RICK OCHES | DEAN OF ARTS & SCIENCES; PROF Officer | 50 | $320,397 | $37,459 |
| GEORGE CANGIANO | VP, HUMAN RESOURCES Officer | 50 | $282,746 | $49,085 |
| ELIZABETH HESS | VP & CIO Officer | 50 | $292,716 | $29,332 |
| NANCY ANTUNES | FORMER INTERIM CFO Former | 50 | $256,513 | $47,946 |
| CHRISTOPHER J JOYCE | VP, MARKETING & COMM. Officer | 50 | $269,735 | $34,447 |
| KATHERINE LAMPLEY | VP, DIV/INCLUSION Officer | 50 | $214,117 | $21,660 |
| PAUL TESLUK | PROVOST/VP, ACA AFF (EFF 8/22) Officer | 50 | $189,856 | $23,627 |
| SEAN FERGUSON | VP, STRATEGY/INNOV. (EFF 9/22) Officer | 50 | $91,893 | $16,183 |
| CHRIS GRUGAN | VP, ADVANCEMENT (EFF 11/22) Officer | 50 | $89,684 | $6,018 |
| J PAUL CONDRIN III | CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| DAVID L GIUNTA | VICE CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| ROBERT E ALAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS P ALBER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEVIN F ARMATA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULINE CALLENDER HAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN L DELVECCHIO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOYCE J ELAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL FARLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELANIE FOLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEVEN C MILLNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEBONE C MOSES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN G O'CONNELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MELANIE OTERO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL PAPPAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GORDON E PULSIFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEBORA L SPAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NIKOLAS STAVROPOULOS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIFFANY R WARREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN T ZINO | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 175 FOREST STPAYROLL DEPARTMENT, WALTHAM, MA 02452-0000
- In care of
- % PAYROLL DEPT
- Mailing address (990-N for 2008)
- 175 Fprest Street, Waltham MA 02452
- Principal officer (990 for 2024)
- E LABRENT CHRITE, 175 FOREST STREET, WALTHAM, MA 024524705
- Principal officer (990-N for 2008)
- Arthur Reed, 175 Forest Street, Waltham MA 02452
- Signed the 990
- MAUREEN FORRESTER, VP, CFO/TREASURER
- Phone
- (781) 891-2000
- Website
- WWW.BENTLEY.EDU
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- TUITION, FEES, AND AUXILIARYBENTLEY HAS BEEN EDUCATING BUSINESS-MINDED STUDENTS SINCE HARRY C. BENTLEY FIRST CONVENED 30 ACCOUNTING STUDENTS ON HUNTINGTON AVENUE IN BOSTON IN 1917. WE HAVE CONTINUOUSLY ADAPTED TO BECOME ONE OF THE TOP BUSINESS UNIVERSITIES IN THE U.S., COMBINING BUSINESS WITH ARTS AND SCIENCE TO PREPARE SUCCESSFUL LEADERS WHO MAKE BUSINESS A FORCE FOR POSITIVE CHANGE. FACULTY 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 CONTRIBUTES TO THEIR KNOWLEDGE AND THAT SUPPORTS THE UNIVERSITY'S TEACHING MISSION. SEE SCHEDULE O FOR CONTINUATION.Expenses $344,144,580 · grants $128,132,990 · revenue $378,596,332
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1081650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1950
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $906,626,547
- Income (IRS master file)
- $619,979,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $414,000,417 | $397,668,134 | $906,626,547 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $384,725,127 | $365,306,952 | $797,040,848 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $347,738,231 | $333,671,536 | $753,030,083 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $351,890,044 | $324,385,109 | $744,363,755 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Arthur Reed | June 30, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1081650).
Questions about BENTLEY UNIVERSITY
- What is the EIN of BENTLEY UNIVERSITY?
- The employer identification number (EIN) of BENTLEY UNIVERSITY is 04-1081650.
- Is BENTLEY UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to BENTLEY UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BENTLEY UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BENTLEY UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BENTLEY UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BENTLEY UNIVERSITY?
- The 990 for the year ended June 30, 2025 names E LABRENT CHRITE.
- Who are the officers and directors of BENTLEY UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 38 people; 20 received compensation from the organization, the highest $945,895 (E LABRENT CHRITE, PRESIDENT/TRUSTEE).
- How much revenue does BENTLEY UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $414,000,417, expenses of $397,668,134 and total assets of $906,626,547 at year end.
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