2024-04-12T11:56:17-05:00 2023-05-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2022-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 THOMAS PISTORINO CFO & TREASURER 5085411615 2024-04-09 1 THOMAS PISTORINO 999009999 1 BRENDA L BOOTH P01342395 6177610600 2024-04-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNETH ELMORE JD 99 MAIN STREET FRANKLIN MA 02038 78157920 0 X WWW.DEAN.EDU X 1865 MA DEAN COLLEGE IS A PRIVATE, RESIDENTIAL NEW ENGLAND COLLEGE GROUNDED IN A CULTURE AND TRADITION THAT ALL STUDENTS DESERVE THE OPPORTUNITY TO DISCOVER AND EXCEED THEIR GREATEST ASPIRATIONS. A PERSONAL AND TRANSFORMATIVE COMMUNITY SINCE 1865, DEAN TIRELESSLY INSPIRES OUR STUDENTS TO UNIMAGINED HEIGHTS THROUGH PERSONALIZED SUPPORT AND INTEGRATED DELIVERY OF ACADEMIC, CO-CURRICULAR AND EXPERIENTIAL LEARNING. OUR GRADUATES ARE LIFELONG LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. 24 23 686 150 43814 30221 7528594 3016398 66481157 67726773 3401649 688983 5913 9551 77417313 71441705 30297296 30242319 0 0 21414724 21442367 0 0 918471 25744561 24280415 77456581 75965101 -39268 -4523396 117492231 113932349 49645117 48890190 67847114 65042159 X DEAN COLLEGE IS A PRIVATE, RESIDENTIAL NEW ENGLAND COLLEGE GROUNDED IN A CULTURE AND TRADITION THAT ALL STUDENTS DESERVE THE OPPORTUNITY TO DISCOVER AND EXCEED THEIR GREATEST ASPIRATIONS. A PERSONAL AND TRANSFORMATIVE COMMUNITY SINCE 1865, DEAN TIRELESSLY INSPIRES OUR STUDENTS TO UNIMAGINED HEIGHTS THROUGH PERSONALIZED SUPPORT AND INTEGRATED DELIVERY OF ACADEMIC, CO-CURRICULAR AND EXPERIENTIAL LEARNING. OUR GRADUATES ARE LIFELONG LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. 0 0 32492016 21876553 49272665 INSTRUCTION: THE COLLEGE HAD FULL TIME ENROLLMENT OF 1,111 AND PART-TIME ENROLLMENT OF 73. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 18 ASSOCIATE AND 18 BACHELOR DEGREES 13473308 STUDENT SERVICES: THE COLLEGE PROVIDES THE STUDENTS WITH AN ADVISING CENTER STAFFED BY FULL TIME ADVISORS, A ONE-STOP SHOP CENTER THAT PROVIDES REGISTRATION, BILLING AND FINANCIAL AID, AN ACTIVE CAMPUS LIFE DEPARTMENT AND AN ATHLETIC PROGRAM. 18844458 8365766 17825970 AUXILIARY SERVICES: THE COLLEGE HAS 13 RESIDENTIAL FACILITIES RANGING FROM TRADITIONAL DORMITORIES, SMALL HOUSES AND APARTMENTS. THE COLLEGE ALSO OFFERS A FULL SERVICE DINING HALL FOR THE STUDENTS. APPROXIMATELY 90% OF THE STUDENTS RESIDE ON CAMPUS. 4340765 628138 ACADEMIC SUPPORT: THE COLLEGE OFFERS SEVERAL ACADEMIC SUPPORT PROGRAMS INCLUDING STRUCTURED SEMESTER PROGRAMS AS WELL INDIVIDUALIZED TUTORING PROGRAMS. THE STUDENTS ALSO HAVE ACCESS TO A FULL SERVICE LIBRARY LEARNING CENTER AND ACADEMIC COMPUTING. 4340765 628138 69150547 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1721 0 1 686 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA CO MD MI NH NY SC WA WI X KATHLEEN MCGUIRE 5085411615 99 MAIN STREET FRANKLIN MA 02038 MARK BOYCE CHAIRMAN 2.00 X X 0 0 0 ANDRES FERNANDEZ VICE CHAIRMAN 2.00 X X 0 0 0 JEFFREY P COHEN TRUSTEE 1.00 X 0 0 0 SCOTT COLWELL TRUSTEE 1.00 X 0 0 0 MICHAEL COSTA TRUSTEE 1.00 X 0 0 0 DONNA CUSSON TRUSTEE 1.00 X 0 0 0 RUTH DUGAN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HENNESSEY TRUSTEE 1.00 X 0 0 0 PETER HEXTER TRUSTEE 1.00 X 0 0 0 DAVID HOFFSIS TRUSTEE 1.00 X 0 0 0 JAN KOKES TRUSTEE 1.00 X 0 0 0 STEPHEN LINCOLN TRUSTEE 1.00 X 0 0 0 DENNIS MAGUIRE TRUSTEE 1.00 X 0 0 0 GREGORY O'BRIEN TRUSTEE 1.00 X 0 0 0 MARTIN PARQUETTE TRUSTEE 1.00 X 0 0 0 THERESA ROBBINS TRUSTEE 1.00 X 0 0 0 MICHELLE DROLET TRUSTEE 1.00 X 0 0 0 PAUL LAMBERT TRUSTEE 1.00 X 0 0 0 RICHARD SULLIVAN TRUSTEE 1.00 X 0 0 0 LISA FREUDENHEIM TRUSTEE 1.00 X 0 0 0 ERIC LEE TRUSTEE 1.00 X 0 0 0 M RODNEY ROBINSON TRUSTEE 1.00 X 0 0 0 MELISSA SMITH TRUSTEE 1.00 X 0 0 0 SCOTT WILLIAMS TRUSTEE 1.00 X 0 0 0 WILLIAM GREEN TRUSTEE (UNTIL 10/1/22) 1.00 X 0 0 0 EDWARD AUGUSTUS CHANCELLOR 55.00 X 260500 0 5146 KATHLEEN MCGUIRE VP & TREASURER 50.00 X 196597 0 36389 KENNETH ELMORE JD PRESIDENT 55.00 X 254713 0 43558 COLEEN RESNICK VICE PRESIDENT 50.00 X 192556 0 46174 DARRELL KULESZA VICE PRESIDENT 50.00 X 184329 0 38123 GREGORY CHALK VICE PRESIDENT 50.00 X 174367 0 40507 SANDRA CAIN VICE PRESIDENT 50.00 X 243187 0 23309 ALESSANDRA GORDON ASSISTANT VICE PRESIDENT 50.00 X 153595 0 10357 DR PAULA M ROONEY FORMER PRESIDENT (AS OF 5/31/22) 55.00 X 1220355 0 145575 2880199 0 389138 24 1 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 3278967 TEAMOPS LLC ONE PATRIOT PLACE FOXBOROUGH MA 02035 SECURITY 1357139 HARVARD MAINTENANCE LLC PO BOX 95000-1112 PHILADELPHIA PA 19195 CLEANING SERVICES 1212057 BRIGHTVIEW LANDSCAPES LLC 401 PLYMOUTH RD SUITE 500 PLYMOUTH MEETING PA 19462 LANDSCAPING 995735 INHOUSE PHYSICIANS 1560 WALL STREET SUITE 335 NAPERVILLE IL 60563 TESTING SERVICES 574207 26 68623 2305887 641888 77940 3016398 TUITION & FEES 900099 49272665 49272665 AUXILIARY REVENUE 900099 17825970 17825970 EDUCATIONAL ACTIVITIES 900099 628138 628138 67726773 771767 42163 729604 7052 5401 1651 1651 1651 6604687 6687471 -82784 -82784 -82784 31243 68623 23343 7900 7900 71441705 67726773 43814 654720 30060469 30060469 181850 181850 1212173 280059 911031 21083 16700999 14315141 1976661 409197 775786 623279 132846 19661 1567361 1253591 274590 39180 1186048 976068 180056 29924 123357 123357 118860 118860 2353679 1921230 286851 145598 1831340 1644341 186999 1242078 940058 247956 54064 1994545 1765161 172653 56731 5113371 4825854 252173 35344 269916 239148 27373 3395 1827974 1726233 101741 4144271 3846531 242739 55001 647000 217010 423560 6430 FOOD SERVICE 3023912 3023912 STUDENT ACTIVITIES 792682 792682 EQUIPMENT RENTAL/MAINT. 37742 37742 759688 480188 236637 42863 75965101 69150547 5896083 918471 488339 709047 675502 540822 330524 17025 2824417 863808 262289 227064 627909 1191834 115168953 69751030 47353850 45417923 49405054 47226220 14637059 15254191 887288 2484415 117492231 113932349 5346297 4231066 1292513 1050504 36438779 35040626 2500000 6567528 6067994 49645117 48890190 X 49396121 47572336 18450993 17469823 67847114 65042159 117492231 113932349 X -4523396 187473 1530968 X 0 1 X 1 1 1 X 1511597 4778035 9745981 7528594 3016398 26580605 1511597 4778035 9745981 7528594 3016398 26580605 2495483 24085122 901676 986238 659782 598437 729604 3875737 1881 64179 43814 109874 30566216 315700371 0.78800 0.78350 X FORM 990, SCHEDULE A, PART 1, LINE 7: THE BASIS OF DEAN COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 75046630 75046630 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 64555302 104312 875513 2661980 62873147 62005198 5423323 -501419 2371800 64555302 47013682 4134577 13078575 2221636 62005198 46504090 145630 2437658 2073696 47013682 45089504 1987285 1375106 1947805 46504090 0.74200 0.25800 0 0 1184820 1184820 87935507 52417979 35517528 17287147 12314312 4972835 8761479 5018739 3742740 45417923 OTHER FUNDS 15254191 F 15254191 REFUNDABLE ADVANCES 141294 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 988315 OBLIGATIONS UNDER CAPITAL LEASE 3308043 OPERATING LEASE LIABILITY 1630342 6067994 X 42946571 187473 1559712 1747185 41199386 30242319 30242319 71441705 45751526 28744 28744 45722782 30242319 30242319 75965101 PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED FOR GENERAL SUPPORT, SCHOLARSHIPS, AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF WHICH REVENUES ARE RELATED OR UNRELATED TO BE ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INTEREST RATE SWAP CONTRACT 1,530,968. GOLF OUTING EXPENSE 23,343. RENTAL EXPENSE 5,401. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 30,242,319. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSE 23,343. RENTAL EXPENSE 5,401. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 30,242,319. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DEAN COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY IN ALL ASPECTS OF RECRUITING, ADMISSION AND FINANCIAL AID AWARDING. THE NOTICE OF NON-DISCRIMINATION IS PUBLISHED IN ALL BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. DEAN COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHIC SECTION OF THE UNITED STATES AND, AS NOTED, FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE COLLEGE DEMONSTRATES THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS BY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS SEOG, WORKSTUDY AND PELL. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 179350 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 2500 0 0 0 0 0 0 181850 0 181850 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 12 179350 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 2500 CREDIT TO STUDENT ACCOUNT FMV 1 0 1 1 1 0 PART III, COL (C): SCHOLARSHIPS ARE AWARDED BY THE COLLEGE'S FINANCIAL AID DEPARTMENT AND APPLIED AS CREDITS TO THE STUDENT'S BALANCES BY THE COLLEGE'S BURSAR'S OFFICE. PART III ACCOUNTING METHOD: GOLF OUTING 99866 68623 31243 23343 99866 68623 31243 23343 23343 7900 1 SCHOLARSHIPS 1119 30060469 FMV CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: SCHOLARSHIPS ARE GENERALLY APPLIED TO STUDENT ACCOUNT BALANCES THROUGH THE COLLEGE'S BURSAR'S OFFICE. X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 1 1 DR PAULA M ROONEY FORMER PRESIDENT (AS OF 5/31/22) 188442 0 0 0 1031913 0 135575 0 10000 0 1365930 0 174138 0 KENNETH ELMORE JD PRESIDENT 239348 0 0 0 15365 0 0 0 43558 0 298271 0 0 0 SANDRA CAIN VICE PRESIDENT 184861 0 55000 0 3326 0 13646 0 9663 0 266496 0 0 0 EDWARD AUGUSTUS CHANCELLOR 257865 0 0 0 2635 0 0 0 5146 0 265646 0 0 0 COLEEN RESNICK VICE PRESIDENT 191089 0 0 0 1467 0 16283 0 29891 0 238730 0 0 0 KATHLEEN MCGUIRE VP & TREASURER 192269 0 0 0 4328 0 16027 0 20362 0 232986 0 0 0 DARRELL KULESZA VICE PRESIDENT 180260 0 0 0 4069 0 11408 0 26715 0 222452 0 0 0 GREGORY CHALK VICE PRESIDENT 155168 0 0 0 19199 0 13203 0 27304 0 214874 0 0 0 ALESSANDRA GORDON ASSISTANT VICE PRESIDENT 141095 0 0 0 12500 0 0 0 10357 0 163952 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED CERTAIN REIMBURSEMENTS TO THE PRESIDENT THAT WERE GROSSED UP FOR TAX PURPOSES. THE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION AND INCLUDED ONTO SCHEDULE J PART II COLUMN B(III). HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE BENEFIT IS NOT TAXABLE TO THE RECIPIENT. PART I, LINES 4A-B THE PRESIDENT RECIEVED A SEPARATION PAYMENT OF $854,500 IN CALENDAR 2022. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). THE COLLEGE HAS ESTABLISHED TWO NONQUALIFIED DEFERRED COMPENSATION PLANS FOR THE BENEFIT OF DR. PAULA M. ROONEY. THE COLLEGE CONTRIBUTED $120,500 TO THE PLANS IN CALENDAR 2022. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (C). PART I, LINE 8 THE PRESIDENT WAS GIVE A THREE YEAR CONTRACT WHICH INCLUDED THE STANDARD COLLEGE BENEFITS AS WELL AS HOUSING AND AN ANNUAL CONTRIBUTION TO A NONQUALIFIED DEFERRED COMPENSATION PLAN. PART I, LINE 7 A VICE PRESIDENT RECEIVED ADDITIONAL COMPENSATION BASED ON PERFORMANCE FOR THE PAST YEAR, AS REPORTED ON SCHEDULE J COLUMN B (II). THE AMOUNT WAS DETERMINED BY THE PRESIDENT AND COMPENSATION COMMITTEE. A MASS DEVELOPMENT FINANCE AGENCY 043431814 57583RYB5 2008-06-11 28400000 REFUND 1999 BONDS AND CONSTRUCT A BUILDING ADDITION 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2011-10-26 14400000 CONSTRUCTION OF A RESIDENTIAL HALL 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2015-09-03 4500000 PURCHASE OF CONDOMIUM FOR STUDENT HOUSING 0 0 0 A 28400000 230497 31883 20114472 8023148 2011 1 0 1 1 B 14400000 146560 14253440 2013 0 0 1 1 C 4500000 76500 4423500 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00210 0.00210 0 0 1 C 0 0 0 0 0.01400 0.01400 0 0 1 A 0 0 1 0 1 1 CITIZENS BANK 19.000000000000 0 0 1 GE FUNDING CAPITAL MARKET SERVICES 2.000000000000 1 0 1 B 0 0 1 0 1 1 RBS CITIZENS NATIONAL 12.000000000000 0 0 0 0 1 C 0 0 1 0 1 1 CITIZENS BANK 9.000000000000 0 0 0 0 1 A 1 B 1 C 1 MICHELLE DROLET COMPANY IS OWNED BY A TRUSTEE 167000 MICHELLE DROLET A TRUSTEE OWNS TOWERWALL A COMPANY THE COLLEGE USED FOR CYBERSECURITY SERVICE AND SOFTWARE. THE TOTAL AMOUNT PAID TO TOWERWALL WAS $167,000. 1 X 2 21192 FMV ON DATE OF GIFT X MISCELLANEOUS 58 56748 FMV ON DATE OF GIFT 0 0 1 0 PART I, COLUMN (B): THE NUMBER ON SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED, NOT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990, WITH THE EXCEPTION OF SCHEDULE B, WAS REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE. PRIOR TO SUBMISSION, THE SAME VERSION WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEE'S PASSWORD-PROTECTED WEB PORTAL. MEMBERS WERE ADVISED VIA E-MAIL THAT THE FORM 990 WAS AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IN THE EVENT OF A CONFLICT OF INTEREST, THE CONFLICTED INDIVIDUAL IS PROHIBITED FROM VOTES OR DECISIONS RELATING TO THE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF BOARD OF TRUSTEES REVIEWS YEARLY ACCOMPLISHMENTS OF THE COLLEGE UNDER LEADERSHIP OF THE PRESIDENT AS WELL AS RELEVANT SALARY INFORMATION, INCLUDING SALARY SURVEYS. THE COMPENSATION IS PRESENTED TO THE CHAIRMAN OF THE BOARD FOR APPROVAL. A REVIEW BY AN INDEPENDENT COMPENSATION CONSULTANT IS PERFORMED PERIODICALLY. THE PRESIDENT'S SALARY IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENT CONTEMPORANEOUSLY. AN OUTSIDE FIRM WAS HIRED TO PERFORM A COMPENSATION STUDY WHICH WAS USED TO DETERMINE THE SALARY OF THE NEW PRESIDENT. THE STUDY WAS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION OF THE KEY EMPLOYEES OF THE COLLEGE IS REVIEWED INTERNALLY AND ANNUALLY UTIILIZING A PEER INSTITUTION LIST OF COMPARABLE COLLEGES AND USING A SUBCRIPTION DATABASE THROUGH THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA - HR) USING DATA COLLECTED ANNUALLY THROUGH THEIR ADMINISTRATIVE COMPENSATION SURVEY. COMPENSATION FOR THIS GROUP IS SET BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS CAN BE FOUND ON THE COLLEGE'S WEBSITE. ADDITIONALLY, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP CONTRACT 1,530,968.