2017-04-06T16:36:52-05:00 2016-05-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2015-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 DANIEL MODELANE VP & TREASURER 5085411615 2017-04-05 1 CRAIG KLEIN P00734640 6177610600 2017-04-05 2015 2021-01-29 14:40:06Z DR PAULA M ROONEY 99 MAIN STREET FRANKLIN MA 02038 61469866 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 FOR ACADEMIC AND PERSONAL SUCCESS. A UNIQUELY SUPPORTIVE COMMUNITY FOR MORE THAN 150 YEARS, DEAN HAS WOVEN TOGETHER EXTENSIVE STUDENT SUPPORT AND ENGAGEMENT WITH EXCEPTIONAL TEACHING AND INNOVATIVE CAMPUS ACTIVITIES. OUR GRADUATES ARE LIFETIME LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. THIS IS THE DEAN DIFFERENCE. 21 20 783 150 25730 21255 1947702 2219326 53866794 56651833 847685 361915 1268472 8442 57930653 59241516 19912470 21736355 0 0 17290503 18006773 0 0 1615088 19793403 20305410 56996376 60048538 934277 -807022 96542841 97339052 49955684 54827410 46587157 42511642 X DEAN COLLEGE IS A PRIVATE, RESIDENTIAL NEW ENGLAND COLLEGE GROUNDED IN A CULTURE AND TRADITION THAT ALL STUDENTS DESERVE THE OPPORTUNITY FOR ACADEMIC AND PERSONAL SUCCESS. A UNIQUELY SUPPORTIVE COMMUNITY FOR MORE THAN 150 YEARS, DEAN HAS WOVEN TOGETHER EXTENSIVE STUDENT SUPPORT AND ENGAGEMENT WITH EXCEPTIONAL TEACHING AND INNOVATIVE CAMPUS ACTIVITIES. OUR GRADUATES ARE LIFETIME LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. THIS IS THE DEAN DIFFERENCE. 0 0 32200806 21736355 41545523 INSTRUCTION: THE COLLEGE HAD FULL-TIME ENROLLMENT OF 1,100 AND PART-TIME ENROLLMENT OF 269. THE STUDENTS ARE FROM ALL OVER THE WORLD AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 21 ASSOCIATE AND 13 BACHELOR DEGREES. 8640204 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, FINANCIAL AID AND AN ACTIVE CAMPUS LIFE DEPARTMENT. 9963984 14744345 AUXILIARY SERVICES: THE COLLEGE HAS 13 RESIDENTIAL FACILITIES RANGING FROM TRADITIONAL DORMITORIES TO SMALL HOUSES AND APARTMENTS. THE COLLEGE ALSO OFFERS A FULL SERVICE DINING HALL FOR THE STUDENTS. APPROXIMATELY 90% OF THE STUDENTS RESIDE ON CAMPUS. 3587966 361965 ACADEMIC SUPPORT: THE COLLEGE OFFERS SEVERAL ACADEMIC SUPPORT PROGRAMS INCLUDING STRUCTURED SEMESTER PROGRAMS AS WELL AS INDIVIDUALIZED TUTORING PROGRAMS. THE STUDENTS ALSO HAVE ACCESS TO A FULL SERVICE LIBRARY LEARNING CENTER AND ACADEMIC COMPUTING. 3587966 361965 54392960 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 0 1 0 1 0 0 0 0 0 0 0 0 1 1800 0 1 783 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X DANIEL MODELANE 5085411614 99 MAIN STREET FRANKLIN MA 02038 MARK BOYCE CHAIRMAN 2.00 X X 0 0 0 JAN KOKES CO-VICE CHAIRMAN 2.00 X X 0 0 0 JOSEPH MAHER CO-VICE CHAIRMAN 2.00 X X 0 0 0 EDWARD AUGUSTUS TRUSTEE 1.00 X 0 0 0 SCOTT COLWELL TRUSTEE 1.00 X 0 0 0 JEFFREY P COHEN TRUSTEE 1.00 X 0 0 0 MICHAEL COSTA TRUSTEE 1.00 X 0 0 0 BETTY-JO CUGINI 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 ANDRES FERNANDEZ TRUSTEE 1.00 X 0 0 0 WILLIAM GREEN 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 HOFFIS TRUSTEE 1.00 X 0 0 0 MICHAEL JONES TRUSTEE 1.00 X 0 0 0 STEPHEN LINCOLN TRUSTEE 1.00 X 0 0 0 DOMINIC ORR TRUSTEE 1.00 X 0 0 0 SUSAN PERMUT TRUSTEE 1.00 X 0 0 0 THERESA ROBBINS TRUSTEE 1.00 X 0 0 0 DR PAULA M ROONEY PRESIDENT 55.00 X X 699457 0 155244 DANIEL MODELANE VP & TREASURER 50.00 X 172153 0 31303 GARY CONVERTINO VICE PRESIDENT 50.00 X 164435 0 18313 MICHAEL FISHBEIN VICE PRESIDENT 50.00 X 163316 0 16959 CINDY KOZIL VICE PRESIDENT 50.00 X 172442 0 31919 DARRELL KULESZA VICE PRESIDENT 50.00 X 173334 0 27168 COLEEN RESNICK VICE PRESIDENT 50.00 X 160265 0 32216 1705402 0 313122 14 0 1 0 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23229 ENROLLMENT 259624 CTP CONOVER ADVERTISING COMPANY 77 NORTH WASHINGTON ST BOSTON MA 02144 ADVERTISING 253085 WHITEBOARD COMMUNICATIONS 30 CLIPPER RD WEST CONSHOHOCKEN PA 19428 ENROLLMENT 189330 NE PROFESSIONAL SERVICE PO BOX 6002 HOLLISTON MA 01746 MAILING 157394 LOCKE LORD 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL 151601 6 64769 213474 1941083 168701 2219326 TUITION & FEES 900099 41545523 41545523 AUXILIARY REVENUE 900099 14744345 14744345 EDUCATIONAL ACTIVITIES 900099 361965 361965 56651833 344119 23355 320764 20171 19136 1035 1035 1035 2211966 2194170 17796 17796 17796 21111 64769 15044 6067 6067 PARKING 812930 1340 1340 1340 59241516 56651833 25730 344627 21694155 21694155 42200 42200 944328 793190 151138 91533 91533 13125711 11444707 1074164 606840 802152 694077 62435 45640 2062181 1734339 206967 120875 980868 817570 108960 54338 153072 153072 99655 99655 1889698 1281771 306832 301095 1558174 1349608 208566 1232884 925799 188840 118245 1274575 1115561 103359 55655 6497766 6302783 154525 40458 223669 186827 20772 16070 3746689 3471216 179057 96416 231823 7287 224536 FOOD SERVICE 2549161 2549161 STUDENT ACTIVITIES 461616 461616 EQUIPMENT RENTAL/MAINT. 246523 222750 15455 8318 BAD DEBT EXPENSE 140105 140105 60048538 54392960 4040490 1615088 3917778 3840979 80422 278241 411859 193179 399844 517406 1336058 1222523 306521 260149 96429671 43078380 48644914 53351291 23189841 21064103 16458592 16120422 1797012 490759 96542841 97339052 2855291 3388578 943814 917480 39239335 42724417 6917244 7796935 49955684 54827410 X 32325223 28628246 7832932 7302440 6429002 6580956 46587157 42511642 96542841 97339052 X -807022 -2296478 -972015 X 0 1 X 1 1 1 X 1332395 3292224 1791550 1947702 2219326 10583197 1332395 3292224 1791550 1947702 2219326 10583197 2691515 7891682 406459 314733 442248 365562 320764 1849766 2556 12011 21669 36902 22823 95961 12528924 259440194 0.62990 X FORM 990, SCHEDULE A, PART I, 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 ORGANZIATION 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 58433450 58433450 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 54000 19500 0 133500 250000 250000 250000 250000 1000000 1500000 39078741 1670139 -1940822 1734886 37073172 38056605 1592758 959268 1529890 39078741 29969432 5954096 3499559 1366482 38056605 26679901 830337 3738411 1279217 29969432 28313263 1790280 -2232089 1191553 26679901 0.68120 0.17650 0.14230 0 0 862995 862995 78362854 33308890 45053964 10244688 7849592 2395096 6959134 1919898 5039236 53351291 BOND FUNDS 3410515 F REAL ASSETS 3332343 F OTHER FUNDS 9377564 F 16120422 REFUNDABLE ADVANCES 1010123 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 6786812 7796935 X 34272348 -2296478 1500 -937835 -3232813 37505161 21736355 21736355 59241516 38347863 1500 34180 35680 38312183 21736355 21736355 60048538 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: GOLF OUTING EXPENSES 15,044. LOSS ON INTEREST RATE SWAP CONTRACT -972,015. RENTAL EXPENSES 19,136. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 21,736,355. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 15,044. RENTAL EXPENSES 19,136. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 21,736,355. 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 PERKINS, SEOG, WORKSTUDY AND PELL. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 3672419 0 0 0 0 0 0 3672419 0 3672419 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 4 42200 CREDIT TO STUDENT ACCOUNTS FMV 1 0 1 1 0 0 PART I, LINE 2: 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. GOLF OUTING 85880 64769 21111 15044 85880 64769 21111 15044 15044 6067 1 SCHOLARSHIPS 1040 21694155 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 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 DR PAULA M ROONEY PRESIDENT 374506 0 0 0 324951 0 111862 0 43382 0 854701 0 161000 0 DANIEL MODELANE VP & TREASURER 156698 0 14500 0 955 0 13148 0 18155 0 203456 0 0 0 GARY CONVERTINO VICE PRESIDENT 144997 0 14500 0 4938 0 11803 0 6510 0 182748 0 0 0 MICHAEL FISHBEIN VICE PRESIDENT 155544 0 5000 0 2772 0 4298 0 12661 0 180275 0 0 0 CINDY KOZIL VICE PRESIDENT 157023 0 14500 0 919 0 13218 0 18701 0 204361 0 0 0 DARRELL KULESZA VICE PRESIDENT 157049 0 14500 0 1785 0 9023 0 18145 0 200502 0 0 0 COLEEN RESNICK VICE PRESIDENT 145397 0 14500 0 368 0 12334 0 19882 0 192481 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE PRESIDENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE BENEFIT IS NOT TAXABLE TO THE RECIPIENT. PART I, LINE 4B THE COLLEGE HAS ESTABLISHED TWO NONQUALIFIED DEFERRED COMPENSATION PLANS FOR THE BENEFIT OF DR. PAULA M. ROONEY. THE COLLEGE CONTRIBUTED $90,000 TO THE PLANS IN CALENDAR 2015. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 THE VICE PRESIDENTS RECEIVED ADDITIONAL COMPENSATION BASED ON THEIR PERFORMANCE FOR THE PAST YEAR, AS REPORTED ON SCHEDULE, 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 0.00080 0.00000 0.00080 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 CITIZENS BANK 27.000000000000 0 0 1 GE FUNDING CAPITAL MARKET SERVICES 2.000000000000 1 0 1 B 0 1 0 0 1 1 RBS CITIZENS NATIONAL 10.000000000000 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 PART II, LINE 11, COLUMN A: $8,023,148 OF BOND PROCEEDS WERE USED TO CURRENTLY REFUND THE 1999 BOND ISSUE. P GERARD SHAW FAMILY MEMBER 91533 P. GERARD SHAW IS THE SPOUSE OF THE PRESIDENT OF THE COLLEGE AND IS ALSO A FULL-TIME FACULTY MEMBER AT THE COLLEGE. HIS SALARY IS COMMENSURATE WITH OTHER FULL-TIME FACULTY MEMBERS AT HIS RANK. 0 X 4 141699 FMV ON DATE OF GIFT X MISCELLANEOUS 60 27002 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 CONTRIBUTORS NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11 THE 990, WITH THE EXCEPTION OF SCHEDULE B, WAS REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE. PRIOR TO SUBMISSION, THE SAME VERSION WAS PROVIDE TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEE'S PASSWORD PROTECTED PORTAL. MEMBERS WERE ADVISED VIA EMAIL THAT THE FORM 990 WAS AVAILABLE FOR 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 PROHIBTED FROM VOTES OR DECISIONS RELATING TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION WAS REVIEWED USING AN INDEPENDENT ANALYSIS, AN INDEPENDENT COMPENSATION REVIEW PERFORMED BY ML STRATEGIES, MINTZ LEVIN, OUT OF WASHINGTON DC. THE REPORT WAS PROVIDED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO COMPENSATION LEVELS BEING ESTABLISHED FOR THE 2015-16 FISCAL AND ACADEMIC YEARS. THE STUDY RELIED ON A PEER-INSTITUTION REVIEW OF PRESIDENTIAL COMPENSATION. THE PRESIDENT'S COMPENSATION IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. 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, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP CONTRACT -972,015.