Bentley University
87% goes to programs $41 to raise $100 Strong reserves Growing revenue
Bentley University is a 501(c)(3) organization based in Waltham, Massachusetts, registered in 1950, with $384,725,127 in FY2023 revenue. CharityIndex grades it B+, and it directs about 87% of spending to programs.
175 Forest Stpayroll Department, Waltham, MA, 02452 EIN 04-1081650 Since 1950
Revenue (FY2023)
$384.7M
▲ 10.6% vs prior year
Education median: $200K
Expenses (FY2023)
$365.3M
Net assets
$599.2M
Employees
2,785
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating87% to programs · $41 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bentley University: 87% to programs · $41 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bentley University: 20 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bentley University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bentley University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Auxiliary enterprisesapproximately 80% of bentley's undergraduate 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 from which to choose. due to covid, campus housing was dedensified for the year ended 6/30/21.
Contact & location
- Address
- 175 Forest Stpayroll Department, Waltham, MA, 02452
- City
- Waltham
- State
- Massachusetts
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $282.8M (FY2013) to $384.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $197.9MNet assets $599.2M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$797.0M
Total liabilities
$197.9M
Net assets
$599.2M
Salaries & benefits
$154.2M
42% of expenses
Board members
21
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $384,725,127▲10.6% | $365,306,952▲9.5% | $599,176,000▲9.0% | $797,040,848▲5.8% | 990 |
| 2022 | $347,738,231▼1.2% | $333,671,536▲2.9% | $549,759,000▲4.6% | $753,030,083▲1.2% | 990 |
| 2021 | $351,890,044▲20.4% | $324,385,109▲13.1% | $525,769,000▼0.2% | $744,363,755▼1.6% | 990 |
| 2020 | $292,278,614▼7.7% | $286,716,099▼6.7% | $526,592,000▲28.0% | $756,187,665▲11.0% | 990 |
| 2019 | $316,624,866▼0.9% | $307,270,122▼2.0% | $411,495,000▼2.4% | $681,081,992▲3.5% | 990 |
| 2018 | $319,427,667▲1.2% | $313,661,106▲2.0% | $421,488,000▲1.1% | $657,775,151▲0.8% | 990 |
| 2017 | $315,595,570▲6.2% | $307,596,196▲6.0% | $416,781,000▲8.1% | $652,580,000▲2.4% | 990 |
| 2016 | $297,285,746▲3.3% | $290,236,646▲4.2% | $385,476,000▲11.2% | $637,582,000▲5.3% | 990 |
| 2015 | $287,666,354▼0.2% | $278,614,608▲3.4% | $346,514,000▼3.2% | $605,339,000▲6.1% | 990 |
| 2014 | $288,128,415▲1.9% | $269,420,001▲3.5% | $357,889,000▲1.7% | $570,525,000▲1.0% | 990 |
| 2013 | $282,768,234 | $260,354,000▲3.0% | $351,811,000▲15.8% | $565,001,000▲11.2% | 990 |
| 2012 | — | $252,765,000▲4.2% | $303,814,000▲15.4% | $507,885,000▲5.3% | 990 |
| 2011 | — | $242,516,642▲2.2% | $263,347,000▼7.4% | $482,366,000▼1.9% | 990 |
| 2010 | — | $237,192,522▲3.0% | $284,359,000▲13.9% | $491,542,000▲5.4% | 990 |
| 2009 | — | $230,302,000 | $249,763,000 | $466,188,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: E Labrent Chrite — $875,013 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| E Labrent Chrite | President/trustee | 50 | $875,013 |
| Paul Tesluk | Provost & Vp, Academic Affairs | 50 | $464,016 |
| Maureen Forrester | Vp, Cfo/treasurer | 50 | $436,392 |
| Chris Grugan | Vp, University Advancement | 50 | $407,342 |
| Kartik Raman | Associate Provost | 50 | $386,652 |
| Rani Hoitash | Professor | 50 | $378,887 |
| Sanjay Putrevu | Dean of Business | 50 | $373,946 |
| Carolina Figueroa | Vp, Enrollment Management | 50 | $373,890 |
| Michael Page | Professor | 50 | $366,795 |
| Martin Conyon | Professor | 50 | $360,349 |
| Donna Maria Blancero | Professor, Former Provost | 50 | $338,607 |
| J Andrew Shepardson | Vp, Student Affairs & Dean | 50 | $329,940 |
| Elizabeth Hess | Vp and Cio | 50 | $315,686 |
| Sean Ferguson | Vp, Strategy & Innovation | 50 | $306,816 |
| Rick Oches | Dean of Arts & Sci; Fmr Provost | 50 | $288,928 |
| Christopher J Joyce | Vp, Marketing & Comm | 50 | $278,709 |
| George Cangiano | Vp, Human Resources | 50 | $277,880 |
| Katherine Penn | Vp, Div/inclusion | 50 | $230,132 |
| Guilherme Costa | Vp/gen Counsel & Secretary | 50 | $211,081 |
| Judith Malone | Fmr Vp/gen Counsel & Secretary(7/23) | 50 | $182,135 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Food Service | $14,305,797 |
| C & W Facility Services Inc | Custodial Services | $2,242,855 |
| Titan Roofing Inc | Construction | $1,080,900 |
| Cullen Mechanical Inc | Construction | $894,335 |
| Walker Development & Construction Mgmt | Construction | $885,609 |
Grants received · $14.0M total
113 grants to Bentley University totaling $14.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $214K in FY2023
5 grants totaling $214K in FY2023. All grants made by Bentley University →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida International University | Research | $80,519 |
| Carleton College | Research | $68,344 |
| Massachusetts Conference For Women Inc | Sponsorship | $25,000 |
| Oregon State University Foundation | Research | $20,925 |
| University of Delaware | Research | $18,898 |
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Frequently asked questions
- Is Bentley University a legitimate nonprofit?
- Yes. Bentley University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-1081650, based in Waltham, Massachusetts. Donations are tax-deductible.
- What is Bentley University's EIN?
- Bentley University's Employer Identification Number (EIN) is 04-1081650.
- How much revenue does Bentley University report?
- Bentley University reported $384,725,127 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bentley University's spending goes to programs?
- Bentley University spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bentley University have?
- CharityIndex grades Bentley University B+, based on program efficiency and fundraising cost.
- How much does Bentley University's highest-paid employee make?
- The highest reported compensation on Bentley University's latest Form 990 is $875,013, paid to E Labrent Chrite (President/trustee).
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Data for Bentley University (EIN 04-1081650) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.