2015-04-15T08:29:48-05:00 2014-05-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2013-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 DANIEL MODELANE VP & TREASURER 5085411615 2015-04-13 1 CRAIG KLEIN P00734640 6177610600 2015-04-13 2013 2016-02-25 16:41:14Z DR PAULA M ROONEY 99 MAIN STREET FRANKLIN MA 02038 68025754 0 X WWW.DEAN.EDU X 1865 MA DEAN COLLEGE IS A PRIVATE, RESIDENTIAL COLLEGE THAT CREATES AND CULTIVATES AN ENVIRONMENT OF ACADEMIC AND PERSONAL SUCCESS. THE DEAN DIFFERENCE PROVIDES STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROMOTING A LIFETIME OF LEARNING AND ACHIEVEMENT. OUR STUDENTS DEMONSTRATE COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT WHERE CHANGE IS CONSTANT AND DRAMATIC. 24 23 794 150 22392 20669 3292224 1791550 49005966 51721498 3821578 1027948 13794 14855 56133562 54555851 16475048 18382178 0 0 15760356 16777131 0 0 1309058 19383905 19400397 51619309 54559706 4514253 -3855 89755062 96463598 45388220 49558226 44366842 46905372 X DEAN COLLEGE IS A PRIVATE, RESIDENTIAL COLLEGE THAT CREATES AND CULTIVATES AN ENVIRONMENT OF ACADEMIC AND PERSONAL SUCCESS. THE DEAN DIFFERENCE PROVIDES STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROMOTING A LIFETIME OF LEARNING AND ACHIEVEMENT. OUR STUDENTS DEMONSTRATE COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT WHERE CHANGE IS CONSTANT AND DRAMATIC. 0 0 28489173 18382178 37884240 INSTRUCTION: THE COLLEGE HAD FULL-TIME ENROLLMENT OF 1,089 AND PART-TIME ENROLLMENT OF 223. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 17 ASSOCIATE AND 9 BACHELOR DEGREES. 7872133 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 SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES AND ACTIVE CAMPUS LIFE DEPARTMENT. 9544286 13407438 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. 3415012 429820 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. 3415012 429820 49320604 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 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 1929 0 1 794 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 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 ROBERT BARTHELMES 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 THEODORE BERENSON TRUSTEE 1.00 X 0 0 0 ADAM CRESCENZI TRUSTEE 1.00 X 0 0 0 MARY-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 JANET GUIDREY 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 PERNUT TRUSTEE 1.00 X 0 0 0 THERESA ROBBINS TRUSTEE 1.00 X 0 0 0 JOAN SMITH TRUSTEE 1.00 X 0 0 0 ELIZABETH SOLOMON TRUSTEE 1.00 X 0 0 0 REID WASSERSTROM TRUSTEE 1.00 X 0 0 0 DR PAULA M ROONEY PRESIDENT 55.00 X X 442372 0 123492 DANIEL MODELANE VP & TREASURER 50.00 X 162411 0 29803 LINDA RAGOSTA VICE PRESIDENT 50.00 X 171885 0 13621 CINDY KOZIL VICE PRESIDENT 50.00 X 157790 0 31575 DARRELL KULEZA VICE PRESIDENT 50.00 X 164222 0 25366 JOHN MARCUS VICE PRESIDENT 50.00 X 165701 0 14858 COLEEN RESNICK VICE PRESIDENT 50.00 X 137029 0 27032 ROBERT CUOMO DEAN 50.00 X 122060 0 9415 1523470 0 275162 14 0 1 0 CREATIVE COMMUNICATION ASSOC 16 SAGE ESTATE ALBANY NY 12204 MARKETING 539695 FUSEIDEAS LLC 8 WINCHESTER PLACE WINCHESTER MA 01890 WEB SERVICES 170750 EDWARDS WILDMAN PALMER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL SERVICES 125999 3 81454 213474 1496622 601142 1791550 TUITION & FEES 900099 37884240 37884240 AUXILIARY REVENUE 900099 13407438 13407438 EDUCATIONAL ACTIVITIES 900099 429820 429820 51721498 452350 10102 442248 38978 27963 11015 11015 11015 13996397 13420799 575598 575598 575598 23706 81454 21141 2565 2565 PARKING 812930 1275 1275 1275 54555851 51721498 22392 1020411 18382178 18382178 888699 218631 571568 98500 94132 94132 12623605 10828302 1235213 560090 688168 602361 48229 37578 1566185 1333537 145513 87135 916342 769330 98239 48773 94412 94412 105800 105800 54000 54000 1268902 876810 266213 125879 1461376 1110893 350483 1255319 959579 180283 115457 1396536 1217401 116438 62697 6644105 6450203 144736 49166 269303 231127 15478 22698 3499569 3237769 170170 91630 215170 22204 192966 FOOD SERVICE 2341519 2341519 STUDENT ACTIVITIES 416221 416221 EQUIPMENT RENTAL/MAINT. 255422 228407 17560 9455 BAD DEBT EXPENSE 122743 122743 54559706 49320604 3930044 1309058 4015122 4572065 1096214 54631 289868 359252 394075 350412 1481806 1438524 208106 411148 94172571 44022746 51152188 50149825 30593631 38417831 524052 709910 89755062 96463598 2523940 2628468 1032211 968750 36230042 40414323 5602027 5546685 45388220 49558226 X 31349814 32960027 6963807 7645162 6053221 6300183 44366842 46905372 89755062 96463598 X -3855 2483270 59115 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54000 54000 53196648 53250648 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 60000 60000 54000 234000 250000 250000 250000 250000 1000000 1500000 29969432 5954096 3499559 1366482 38056605 26679901 830337 3738411 1279217 29969432 28313263 1790280 -2232089 1191553 26679901 24729999 299882 4477173 1193791 28313263 21998066 328335 3610021 1206423 24729999 0.65680 0.16550 0.17770 0 0 71745721 27960890 43784831 5087083 1198995 3888088 17261001 14862861 2398140 78766 78766 50149825 EQUITY FUNDS 18828101 F BOND FUNDS 5448447 F GOVERNMENT SECURITIES FUND 1821690 F REAL ASSETS 3874294 F OTHER FUNDS 8445299 F 38417831 REFUNDABLE ADVANCES 1103227 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 4443458 5546685 X 38765162 2483270 108219 2591489 36173673 18382178 18382178 54555851 36226632 49104 49104 36177528 18382178 18382178 54559706 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 21,141. GAIN ON INTEREST RATE SWAP CONTRACT 59,115. RENTAL EXPENSES 27,963. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 18,382,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 21,141. RENTAL EXPENSES 27,963. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 18,382,178. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTING 3879716 0 0 0 0 0 0 3879716 0 3879716 1 0 1 1 0 0 GOLF OUTING 105160 81454 23706 21141 105160 81454 23706 21141 21141 2565 1 SCHOLARSHIPS 1119 18382178 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 353235 0 50000 0 39137 0 80347 0 43145 0 565864 0 0 0 DANIEL MODELANE VP & TREASURER 151455 0 10000 0 956 0 12711 0 17092 0 192214 0 0 0 LINDA RAGOSTA VICE PRESIDENT 160074 0 10000 0 1811 0 12846 0 775 0 185506 0 0 0 CINDY KOZIL VICE PRESIDENT 146871 0 10000 0 919 0 13870 0 17705 0 189365 0 0 0 DARRELL KULEZA VICE PRESIDENT 152437 0 10000 0 1785 0 9512 0 15854 0 189588 0 0 0 JOHN MARCUS VICE PRESIDENT 154760 0 10000 0 941 0 12532 0 2326 0 180559 0 0 0 COLEEN RESNICK VICE PRESIDENT 126661 0 10000 0 368 0 11440 0 15592 0 164061 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 CONTRIBUTES $60,000 TO THE PLANS ON AN ANNUAL BASIS. PART I, LINE 7 THE PRESIDENT'S BONUS, AS REPORTED ON SCHEDULE J, COLUMN B(II), IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES BASED ON A REVIEW OF HER PERFORMANCE FOR THE PAST YEAR. THE VICE PRESIDENTS RECEIVED ADDITIONAL COMPENSATION BASED ON THEIR 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 A 2120000 28400000 230497 31883 20114472 8023148 2011 1 0 1 1 B 265677 14400000 146560 14253440 2013 0 0 1 1 A 0 0 0 0 0.00010 0.00000 0.00010 0 0 1 B 0 0 0 0 0.00020 0.00000 0.00020 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 A 1 B 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 94132 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 8 189448 FMV ON DATE OF GIFT X 1 250000 FMV ON DATE OF GIFT X 1 125000 FMV ON DATE OF GIFT X MISCELLANEOUS 55 36694 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 WAS REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE. PRIOR TO SUBMISSION, IT WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEES' 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 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 WAS PERFORMED BY ML STRATEGIES, MINTZ LEVIN, OUT OF WASHINGTON DC. THE REPORTS WERE PROVIDED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO COMPENSATION LEVELS BEING ESTABLISHED FOR THE 2013-14 FISCAL AND ACADEMIC YEARS. THE STUDIES 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: GAIN ON INTEREST RATE SWAP CONTRACT 59,115.