2012-04-13T14:59:32-05:00 2011-05-31 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2010-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 DANIEL MODELANE 5085411615 2012-04-04 1 CRAIG KLEIN 6177610600 2010 2016-02-24 21:20:13Z DR PAULA M ROONEY 99 MAIN STREET FRANKLIN MA 02038 52139290 0 X WWW.DEAN.EDU X 1865 MA DEAN COLLEGE, A PRIVATE RESIDENTIAL COLLEGE FOSTERING ACADEMIC AND PERSONAL SUCCESS, OFFERS A VARIETY OF ASSOCIATE DEGREE PROGRAMS, TRANSFER PREPARATION FOR FOUR-YEAR INSTITUTIONS, AND BACCALAUREATE DEGREES. DEAN PROVIDES ITS STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT PROMOTE A LIFETIME OF LEARNING AND ACHIEVEMENT. IN A SOCIETY WHERE CHANGE IS CONSTANT AND DRAMATIC, DEAN COLLEGE IS COMMITTED TO GRADUATING STUDENTS WHO ARE WELL-PREPARED FOR THE WORLD OF WORK OR FURTHER COLLEGIATE STUDY. DEAN GRADUATES WILL CONTINUE TO DEMONSTRATE STRONG COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY, AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT. 26 25 714 150 3990 2154 1507704 1652244 36489176 42532596 6132125 869717 2093 6135 44131098 45060692 11848047 14510882 0 0 12946789 13656253 0 0 1080648 14189476 16663215 38984312 44830350 5146786 230342 76527444 78642999 35827228 34791996 40700216 43851003 X DEAN COLLEGE, A PRIVATE RESIDENTIAL COLLEGE FOSTERING ACADEMIC AND PERSONAL SUCCESS, OFFERS A VARIETY OF ASSOCIATE DEGREE PROGRAMS, TRANSFER PREPARATION FOR FOUR-YEAR INSTITUTIONS, AND BACCALAUREATE DEGREES. DEAN PROVIDES ITS STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT PROMOTE A LIFETIME OF LEARNING AND ACHIEVEMENT. IN A SOCIETY WHERE CHANGE IS CONSTANT AND DRAMATIC, DEAN COLLEGE IS COMMITTED TO GRADUATING STUDENTS WHO ARE WELL-PREPARED FOR THE WORLD OF WORK OR FURTHER COLLEGIATE STUDY. DEAN GRADUATES WILL CONTINUE TO DEMONSTRATE STRONG COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY, AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT. 0 0 22788121 14510882 31182699 INSTRUCTION: THE COLLEGE HAD FULL-TIME ENROLLMENT OF 1008 AND PART-TIME ENROLLMENT OF 245. THE STUDENTS ARE FROM 26 STATES AND 17 COUNTRIES. THE COLLEGE OFFERS 16 ASSOCIATE AND 5 BACHELOR OF ARTS DEGREES. 6104105 351011 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. 7318653 10998886 AUXILIARY SERVICES: THE COLLEGE HAS 12 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. 3510524 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 STUDENTS AND ACTIVE CAMPUS LIFE DEPARTMENT. 3510524 39721403 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 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 0 1 1900 0 1 714 1 1 1 0 0 0 0 0 0 0 0 0 X 26 25 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 MICHAEL JONES 2.00 X X 0 0 0 JAN KOKES 2.00 X X 0 0 0 JOSEPH MAHER 2.00 X X 0 0 0 ROBERT BARTHELMES 1.00 X 0 0 0 THEODORE BERENSON 1.00 X 0 0 0 MARK BOYCE 1.00 X 0 0 0 MICHAEL COSTA 1.00 X 0 0 0 ADAM CRESCENZI 1.00 X 0 0 0 DONNA CUSSON 1.00 X 0 0 0 RUTH DUGAN 1.00 X 0 0 0 LEE ESCKILSEN 1.00 X 0 0 0 ANDRES FERNANDEZ 1.00 X 0 0 0 ANDREW GOMEZ 1.00 X 0 0 0 WILLIAM GREEN 1.00 X 0 0 0 JANET GUIDREY 1.00 X 0 0 0 CHRISTOPHER HENNESSEY 1.00 X 0 0 0 DAVID HOFFIS 1.00 X 0 0 0 STEPHEN LINCOLN 1.00 X 0 0 0 GREGORY MCCARTHY 1.00 X 0 0 0 SUSAN PERMUT 1.00 X 0 0 0 THERESA ROBBINS 1.00 X 0 0 0 JOAN SMITH 1.00 X 0 0 0 ELIZABETH SOLOMON 1.00 X 0 0 0 PATRICK TERENZINI 1.00 X 0 0 0 REID WASSERSTROM 1.00 X 0 0 0 THOMAS WILDE 1.00 X 0 0 0 DR PAULA M ROONEY 55.00 X X 462207 0 69899 THOMAS MAHER 50.00 X 145295 0 29238 DANIEL MODELANE 50.00 X 0 0 0 KATHLEEN MCGUIRE 50.00 X 102048 0 22311 PETER MARTEL 50.00 X 150483 0 12042 LINDA RAGOSTA 50.00 X 145844 0 14451 CINDY KOZIL 50.00 X 124691 0 30005 DARRELL KULEZA 50.00 X 116956 0 25506 COLEEN RESNICK 50.00 X 119326 0 22816 JOHN MARCUS 50.00 X 122321 0 219 1489171 0 226487 9 0 1 0 EDWARDS WILDMAN PALMER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL SERVICES 108726 1 57569 354673 1240002 28125 1652244 TUITION & FEES 900099 31182699 31182699 AUXILIARY REVENUE 900099 10998886 10998886 EDUCATIONAL ACTIVITIES 900099 351011 351011 42532596 412745 412745 2457 2457 7524883 7070368 454515 454515 454515 10375 57569 8230 2145 2145 PARKING 812930 3990 3990 3990 45060692 42532596 3990 871862 14510882 14510882 646654 545120 101534 10574363 9082148 1086785 405430 581406 517930 35168 28308 1093909 951161 86097 56651 759921 643926 75397 40598 147824 147824 120180 120180 60000 60000 1408350 847786 429319 131245 1105958 1059341 46617 1010574 762568 134238 113768 1064373 928210 88506 47657 5283339 5091702 153900 37737 141994 117642 11038 13314 2788442 2506353 183358 98731 217996 17792 200204 FOOD SERVICE 2161890 2161890 ALLOW FOR UNCOLLECTABLE 614009 614009 STUDENT ACTIVITIES 326386 326386 EQUIPMENT RENTAL/MAINT. 211900 195686 10539 5675 44830350 39721403 4028299 1080648 3727529 4370328 150000 438718 429352 313675 391114 305370 2627577 2094697 339734 232989 74716608 34038823 36746319 40677785 26917791 29897742 5110731 398992 76527444 78642999 4122636 2596846 871344 1212479 28400000 27905000 2433248 3077671 35827228 34791996 X 28150611 30466916 7335163 7830494 5214442 5553593 40700216 43851003 76527444 78642999 X 230342 2920445 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 43689702 43749702 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 60000 38000 60000 218000 250000 250000 250000 250000 1000000 1500000 24729999 299882 4477173 1193791 28313263 21998066 328335 3610021 1206423 24729999 27519189 103168 -5172285 452006 21998066 0.57540 0.19610 0.22850 0 0 56573333 20692057 35881276 2853782 525053 2328729 14794829 12821713 1973116 494664 494664 40677785 COMMONFUND - MULTI-STRATEGY EQUITY FUND 16506380 F COMMONFUND - MULTI-STRATEGY BOND FUND 5155153 F COMMONFUND - GOVERNMENT SECURITIES 684826 F COMMODITY FUNDS 2218515 F OTHER FUNDS 5332868 F 29897742 REFUNDABLE ADVANCES 1019214 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 2058457 3077671 45060692 44830350 230342 3619037 -698592 2920445 3150787 33485809 3619037 7324 -690362 2935999 30549810 14510882 14510882 45060692 30335022 7324 8230 15554 30319468 14510882 14510882 44830350 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED FOR GENERAL SUPPORT, SCHOLARSHIPS, AND ACADEMIC SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY 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 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP CONTRACT -698,592. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 8,230. LOSS ON INTEREST RATE SWAP CONTRACT -698,592. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 14,510,882. PART XIII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 8,230. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 14,510,882. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 ADIMISSIONS, 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS PERKINS, SEOG, WORKSTUDY, PELL AND ACADEMIC COMPETITIVENESS GRANTS. GOLF OUTING 67944 57569 10375 8230 67944 57569 10375 8230 8230 2145 1 SCHOLARSHIPS 1095 14510882 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 DR PAULA M ROONEY 371846 0 0 0 90361 0 26346 0 43553 0 532106 0 0 0 THOMAS MAHER 144385 0 0 0 910 0 12085 0 17153 0 174533 0 0 0 PETER MARTEL 149634 0 0 0 849 0 11447 0 595 0 162525 0 0 0 LINDA RAGOSTA 145844 0 0 0 0 0 11856 0 2595 0 160295 0 0 0 CINDY KOZIL 124417 0 0 0 274 0 10690 0 19315 0 154696 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 HAD ENTERED INTO A SPLIT-DOLLAR LIFE INSURANCE AGREEMENT WITH DR. PAULA M. ROONEY. PREMIUMS PAID BY THE COLLEGE HAD BEEN TREATED AS AMOUNTS LENT TO DR. ROONEY. PREMIUMS PAID IN 2011 WERE $35,235. DURING 2011, THE SPLIT-DOLLAR LIFE INSURANCE POLICY WAS TERMINATED. THE COLLEGE'S PORTION OF THE POLICY WAS CONVERTED TO A PAID-UP LIFE INSURANCE POLICY WITH A CASH SURRENDER VALUE OF $164,175 AT MAY 31, 2011. THE REMAINING BALANCE ON THE LOAN TO OFFICER TOTALING $141,195 WAS FORGIVEN DURING 2011. MASS DEVELOPMENT FINANCE AGENCY 043431814 57583RYB5 2008-06-11 28400000 REFUND 1999 BONDS AND CONSTRUCT A BUILDING ADDITION 0 0 0 28400000 230497 31883 20114472 8023148 2011 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 CITIZENS BANK 27.000000000000 0 0 1 GE FUNDING CAPITAL MARKET SERVICES 2.000000000000 1 0 0 PART II, LINE 11: $8,023,148 OF BOND PROCEEDS WERE USED TO CURRENTLY REFUND THE 1999 BOND ISSUE. P GERARD SHAW FAMILY MEMBER 75903 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 FURNITURE 1 16599 FMV ON DATE OF GIFT X MISCELLANEOUS 14 11526 FMV ON DATE OF GIFT 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: 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 TWO INDEPENDENT ANALYSES. THE FIRST WAS AN UPDATE TO THE 2009 COMPETITIVE MARKET ASSESSMENT PERFORMED BY SIBSON CONSULTING FROM NEW YORK, NY. THE SECOND WAS AN INDEPENDENT COMPENSATION REVIEW PERFORMED BY ML STRATEGIES, MINTZ LEVIN, OUT OF WASHINGTON DC. THESE REPORTS WERE PROVIDED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO COMPENSATION LEVELS BEING ESTABLISHED FOR THE 2011-12 FISCAL AND ACADEMIC YEARS. IN BOTH CASES 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 UTILIZING A PEER INSTITUTION LIST OF COMPARABLE COLLEGES AND USING A SUBSCRIPTION 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,619,037. LOSS ON INTEREST RATE SWAP CONTRACT -698,592. TOTAL TO FORM 990, PART XI, LINE 5: 2,920,445.