Bennington College Corporation

Organization Overview

Bennington College Corporation is located in Bennington, VT. The organization was established in 1957. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Bennington College Corporation employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennington College Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Bennington College Corporation generated $73.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $67.5m during the year ending 06/2020. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

BENNINGTON COLLEGE IS A LIBERAL ARTS EDUCATIONAL INSTITUTION LOCATED IN BENNINGTON, VERMONT. THE TOTAL UNDERGRADUATE AND GRADUATE ENROLLMENT IS APPROXIMATELY 800 STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNDERGRADUATE PROGRAM: BENNINGTON COLLEGE HOLDS A DISTINGUISHED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. IT WAS THE FIRST TO INCLUDE THE VISUAL AND PERFORMING ARTS IN A LIBERAL ARTS EDUCATION, AND IT IS THE ONLY COLLEGE TO REQUIRE THAT ITS STUDENTS SPEND SEVEN WEEKS - EVERY YEAR - AT WORK IN THE WORLD (FIELD WORK TERM).BENNINGTON'S CENTER FOR THE ADVANCEMENT OF PUBLIC ACTION IS AN EXPRESSION OF THE COLLEGE'S COMMITMENT TO ENGAGING THE WORLD; BY EMBEDDING IN THE CURRICULUM AN ONGOING DYNAMIC BETWEEN PUBLIC RESPONSIBILITIES AND PRIVATE AMBITIONS, BENNINGTON AIMS TO ENSURE THAT ITS GRADUATES ARE COMMITTED TO, AND CAPABLE OF, EFFECTIVE ACTION IN THE WORLD. (CONTINUED ON SCHEDULE O)BENNINGTON STUDENTS DRAW IN THE FULL BREADTH OF THE COLLEGE'S CURRICULUM WHICH OFFERS CLASSES IN THE HUMANITIES, NATURAL SCIENCES, MATHEMATICS, SOCIAL SCIENCE, AND VISUAL AND PERFORMING ARTS - TO DESIGN INDIVIDUAL COURSES OF STUDY THAT ARE UNIFIED AND FUELED BY THEIR INTELLECT AND IMAGINATION, GUIDED BY THEIR FACULTY, AND SHAPED BY THEIR EXPERIENCE WORKING IN THE WORLD EACH YEAR.


GRADUATE PROGRAMS: BENNINGTON'S GRADUATE PROGRAMS ARE BUILT ON THE BELIEF THAT MAKING NEW WORK IS AT THE HEART OF THE EDUCATIONAL PROCESS. THE COLLEGE'S GRADUATE PROGRAMS ARE SMALL, INTENSIVE, AND SELECTIVE. BENNINGTON OFFERS A LOW-RESIDENCY MASTER OF FINE ARTS IN WRITING PROGRAM, WHICH IS NATIONALLY RECOGNIZED, AS WELL AS AN ON-CAMPUS MASTER OF FINE ARTS IN PERFORMING ARTS. IN 2020-21, THESE PROGRAMS SERVED APPROXIMATELY 100 STUDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Educators Health Llc
Health Insurance
$2,139,947
Blue Cross Blue Shield Of Vermont
Health Insurance
$1,763,787
Aramark Corporation
Food Service Provider
$2,387,351
Pc Construction Company
Contracting Services
$1,049,492
Hrh Management Llc
Property Management/rent
$413,007
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$23,854,516
Investment income $493,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$1,413
Net Gain/Loss on Asset Sales $818,413
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $43,322
Miscellaneous Revenue$0
Total Revenue $73,695,365

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bennington College Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
Lindemann Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,508,464
Earnings$6,396,115
Admin Expense$170,332
Net Contributions$5,465,059
Other Expense$749,611
Grants$417,604
Ending Balance$61,032,091

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