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Bentley University

Waltham, MA · EIN 04-1081650 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bentley University reported $414.0 million in revenue and $397.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.54 went to program services, $11.96 to management and general costs and $1.50 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.4% of the total. The highest compensation it reported for one person was $1,148,725 (PRESIDENT/TRUSTEE). 432 people received more than $100,000 in reportable compensation. Revenue rose 31% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $398M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $414M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
86.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
12.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.56$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.6%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
91.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,148,725$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.29%1.28%
People paid over $100,000
Part VII, line 2
4328
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
19.413.3
Independent voting board members
Part VI 1a–1b
18 of 19100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$344M expenses · 100.0% of program spending · grants $128M · revenue $379M

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…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/TRUSTEE
Director/trustee, officer, 50.00 hrs/week
$945,895$0$202,830$1,148,725
PROVOST & VP, ACADEMIC AFFAIRS
Officer, 50.00 hrs/week
$484,427$0$58,291$542,718
VP, CFO/TREASURER
Officer, 50.00 hrs/week
$458,992$0$58,289$517,281
ASSOCIATE PROVOST
Highest compensated employee, 50.00 hrs/week
$436,175$0$58,256$494,431
PROFESSOR
Highest compensated employee, 50.00 hrs/week
$412,065$0$59,759$471,824
VP, UNIVERSITY ADVANCEMENT
Officer, 50.00 hrs/week
$423,787$0$34,651$458,438
DEAN OF BUSINESS
Highest compensated employee, 50.00 hrs/week
$395,532$0$58,088$453,620
VP, ENROLLMENT MANAGEMENT
Officer, 50.00 hrs/week
$380,320$0$59,255$439,575

432 people received more than $100,000 in reportable compensation from Bentley University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800MFY2020FY2021FY2022FY2023FY2024FY2025$414M$398M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$414M$398M86.5%$642M$1,148,725
FY2024 ⓘ$385M$365M86.6%$599M$1,070,095
FY2023 ⓘ$348M$334M86.5%$550M$973,152
FY2022 ⓘ$352M$324M87.6%$526M$527,976
FY2021 ⓘ$292M$287M87.0%$527M$868,551
FY2020 ⓘ$317M$307M85.7%$411M$838,036

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b19 · 18 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 52,832
  • Volunteers Part I, line 6250

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO INC & AFFILIATES
Food service
$14,469,040
TITAN ROOFING INC
Construction
$2,811,012
C & W FACILITY SERVICES INC
Custodial services
$2,372,403
DSK ARCHITECTS & PLANNERS PC
Architectural consulting
$1,607,321
CULLEN MECHANICAL INC
Construction
$1,282,540

Individuals listed as contractors are left out. 61 contractors were paid more than $100,000 in all.

Private foundation grants it received

55 private foundations reported grants to Bentley University totaling $508K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Bentley University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bentley University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Massachusetts

Questions people ask

How much of Bentley University's spending goes to programs?

In the fiscal year ending June 30, 2025, Bentley University reported that 86.5% of its $397.7 million in expenses went to program services, 12.0% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does Bentley University pay its top executive?

The largest total compensation Bentley University reported for one person in the fiscal year ending June 30, 2025 was $1,148,725, for the role of PRESIDENT/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bentley University get its money?

Of $414.0 million in revenue in the fiscal year ending June 30, 2025, 2.6% came from contributions and grants (including 0.6% from government grants) and 91.4% from program service revenue (Form 990, Part VIII).

Is Bentley University a registered charity?

The IRS lists EIN 04-1081650 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641329349303614 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349302673 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349307946 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349306967 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349305585 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302276 · read the filing

All filings for EIN 04-1081650: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.