DEAN COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- DEAN COLLEGE (EIN 04-2104149)
- Tax period
- 2009-06-01 to 2010-05-31
- Filed
- 2011-04-12
- IRS object ID
- 201131029349300418
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-12T15:45:06-05:00 | Timestamp |
| Tax Period End Date | 2010-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ Tofias | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 Massachusetts Ave | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104149 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dean College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DEAN | NameControl |
| Phone | 5085411615 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 Main Street | AddressLine1 |
| City | Franklin | City |
| State | MA | State |
| ZIP Code | 02038 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | kathleen mcguire | Name |
| Title | assistant treasurer | Title |
| Phone | 5085411615 | Phone |
| Date Signed | 2011-04-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Craig Klein | Name |
| Phone | 6177610600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | paula rooney | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 Main Street | AddressLine1 |
| City | Franklin | City |
| State | MA | State |
| ZIP Code | 02038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 46211754 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.dean.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1865 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 743 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2035657 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1507704 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 40695698 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 36489176 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 972068 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6132125 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -542274 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2093 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43161149 | TotalRevenuePriorYear |
| Total Revenue Current Year | 44131098 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 12195453 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11848047 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13916630 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12946789 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1105127 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14205346 | OtherExpensePriorYear |
| Other Expenses Current Year | 14189476 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 40317429 | TotalExpensesPriorYear |
| Total Expenses Current Year | 38984312 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2843720 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5146786 | RevenuesLessExpensesCY |
| Total Assets BOY | 72384945 | TotalAssetsBOY |
| Total Assets EOY | 76527444 | TotalAssetsEOY |
| Total Liabilities BOY | 33798880 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 35827228 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38586065 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 40700216 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 19285633 | Expense |
| Grants | 11848047 | Grants |
| Revenue | 26540584 | Revenue |
| Description | Instruction: The College had full-time enrollment of 884 and part-time enrollment of 196. The students are from 23 states and 19 countries. The College offers 16 Associate and 5 bachelor of arts Degrees. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5898055 | Expense |
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6505397 | Expense |
| Revenue | 9527018 | Revenue |
| Description | 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. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3419889 | Expense |
| Revenue | 421574 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 3419889 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 421574 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 35108974 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1844 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 743 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Kathleen McGuire | NamePerson |
| Telephone Number | 5085411615 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 Main Street | AddressLine1 |
| City | Franklin | City |
| State | MA | State |
| ZIP Code | 02038 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Michael Jones | |||||||
| 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 | |
| Robert Barthelmes | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Theodore Berenson | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Mark Boyce | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Michael Costa | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Adam Crescenzi | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Donna Cusson | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Lee Esckilsen | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Andres Fernandez | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Andrew Gomez | |||||||
| 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 | ||
| David Hoffis | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Stephen Lincoln | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Gregory McCarthy | |||||||
| 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 | ||
| Joan Smith | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Elizabeth Solomon | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Patrick Terenzini | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Reid Wasserstrom | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Thomas Wilde | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Paula Rooney | |||||||
| President | 55.00 | X | X | 379314 | 0 | 44520 | |
| Thomas Maher | |||||||
| Treasurer | 50.00 | X | 142286 | 0 | 27653 | ||
| Linda Ragosta | |||||||
| Vice President | 50.00 | 142962 | 0 | 14102 | X | ||
| Peter Martel | |||||||
| Vice President | 50.00 | 142124 | 0 | 12202 | X | ||
| John Leiendecker | |||||||
| Vice President | 50.00 | 129647 | 0 | 27340 | X | ||
| Cindy Kozil | |||||||
| Vice President | 50.00 | 119449 | 0 | 30863 | X | ||
| Coleen Resnick | |||||||
| Associate VP | 50.00 | 115873 | 0 | 22578 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1171655 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 179258 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BrunerCott & Associates Inc | |||||
| 130 Prospect St | Cambridge | MA | 02138 | Architects | 325257 |
| Maguire and Associates inc | |||||
| 555 Virginia Rd Suite 201 | Concord | MA | 01742 | Enrollment Consultants | 180000 |
| Edward Angel Palmer & Dodge | |||||
| 111 Huntington Ave | Boston | MA | 02199 | Legal services | 132549 |
| The Ad Store inc | |||||
| 220 12th Ave | New York | NY | 10001 | Marketing | 120000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 85617 | FundraisingEvents |
| Government Grants | 213473 | GovernmentGrants |
| All Other Contributions | 1208614 | AllOtherContributions |
| Noncash Contributions | 231824 | NoncashContributions |
| Total Contributions | 1507704 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition & Fees | 900099 | 26540584 | 26540584 |
| Auxilliary Revenue | 900099 | 9527018 | 9527018 |
| educational activities | 900099 | 421574 | 421574 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 36489176 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 509690 | TotalRevenueColumn |
| Exclusion | $509,690 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 306645 | TotalRevenueColumn |
| Exclusion | $306,645 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7386699 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2016671 | Securities |
| Other | 54238 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5370028 | Securities |
| Other | -54238 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5315790 | TotalRevenueColumn |
| Exclusion | $5,315,790 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 11840 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 85617 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 9747 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2093 | TotalRevenueColumn |
| Exclusion | $2,093 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44131098 | TotalRevenueColumn |
| Related Or Exempt Function Income | 36489176 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $6,134,218 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11848047 | Total |
| Program Services | 11848047 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 778473 | Total |
| Program Services | 173831 | ProgramServices |
| Management And General | 518763 | ManagementAndGeneral |
| Fundraising | 85879 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80761 | Total |
| Program Services | 80761 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9889116 | Total |
| Program Services | 8515857 | ProgramServices |
| Management And General | 903420 | ManagementAndGeneral |
| Fundraising | 469839 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 501959 | Total |
| Program Services | 457096 | ProgramServices |
| Management And General | 21010 | ManagementAndGeneral |
| Fundraising | 23853 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 997726 | Total |
| Program Services | 874643 | ProgramServices |
| Management And General | 72102 | ManagementAndGeneral |
| Fundraising | 50981 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 698754 | Total |
| Program Services | 591991 | ProgramServices |
| Management And General | 69396 | ManagementAndGeneral |
| Fundraising | 37367 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73243 | Total |
| Management And General | 73243 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74990 | Total |
| Management And General | 74990 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38000 | Total |
| Management And General | 38000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295552 | Total |
| Program Services | 169931 | ProgramServices |
| Management And General | 102298 | ManagementAndGeneral |
| Fundraising | 23323 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1194429 | Total |
| Program Services | 1124165 | ProgramServices |
| Management And General | 70264 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1023317 | Total |
| Program Services | 734365 | ProgramServices |
| Management And General | 166014 | ManagementAndGeneral |
| Fundraising | 122938 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 914426 | Total |
| Program Services | 840215 | ProgramServices |
| Management And General | 48237 | ManagementAndGeneral |
| Fundraising | 25974 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4790764 | Total |
| Program Services | 4637264 | ProgramServices |
| Management And General | 115778 | ManagementAndGeneral |
| Fundraising | 37722 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127146 | Total |
| Program Services | 99558 | ProgramServices |
| Management And General | 12876 | ManagementAndGeneral |
| Fundraising | 14712 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2371871 | Total |
| Program Services | 2101972 | ProgramServices |
| Management And General | 175434 | ManagementAndGeneral |
| Fundraising | 94465 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214659 | Total |
| Program Services | 17792 | ProgramServices |
| Management And General | 196867 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| food service | 1703469 | 1703469 | ||
| other | 795945 | 578510 | 103616 | 113819 |
| student activities | 375728 | 375728 | ||
| equipment rental/maint. | 195937 | 183779 | 7903 | 4255 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38984312 | Total |
| Program Services | 35108974 | ProgramServices |
| Management And General | 2770211 | ManagementAndGeneral |
| Fundraising | 1105127 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4192016 | BOY |
| EOY | 3727529 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 640816 | BOY |
| EOY | 438718 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 479724 | BOY |
| EOY | 313675 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 223155 | BOY |
| EOY | 305370 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2630105 | BOY |
| EOY | 2627577 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210054 | BOY |
| EOY | 339734 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 67996700 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 31250381 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30107320 | BOY |
| EOY | 36746319 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23272185 | BOY |
| EOY | 26917791 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10629570 | BOY |
| EOY | 5110731 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72384945 | BOY |
| EOY | 76527444 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2886684 | BOY |
| EOY | 4122636 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 757588 | BOY |
| EOY | 871344 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28400000 | BOY |
| EOY | 28400000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1754608 | BOY |
| EOY | 2433248 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33798880 | BOY |
| EOY | 35827228 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27267201 | BOY |
| EOY | 28150611 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6468953 | BOY |
| EOY | 7335163 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4849911 | BOY |
| EOY | 5214442 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38586065 | BOY |
| EOY | 40700216 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72384945 | BOY |
| EOY | 76527444 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 38000 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 38000 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 37841185 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 37879185 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 60000 | CurrentYearMinus3 |
| Current Year Minus2 | 60000 | CurrentYearMinus2 |
| Current Year Minus1 | 60000 | CurrentYearMinus1 |
| Current Year | 38000 | CurrentYear |
| Total | 218000 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21998066 | BeginningOfYearBalance |
| Contributions | 328335 | Contributions |
| Investment Earnings Or Losses | 3610021 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1206423 | GrantsOrScholarships |
| End Of Year Balance | 24729999 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27519189 | BeginningOfYearBalance |
| Contributions | 103168 | Contributions |
| Investment Earnings Or Losses | -5172285 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 452006 | GrantsOrScholarships |
| End Of Year Balance | 21998066 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.58330 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21090 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.20580 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 43256836 | OtherCostOrOtherBasis |
| Depreciation | 18760538 | Depreciation |
| Book Value | 24496298 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2015444 | OtherCostOrOtherBasis |
| Depreciation | 393685 | Depreciation |
| Book Value | 1621759 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13880073 | OtherCostOrOtherBasis |
| Depreciation | 12096158 | Depreciation |
| Book Value | 1783915 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8844347 | OtherCostOrOtherBasis |
| Book Value | 8844347 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 36746319 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| commonfund - multi-strategy equity fund | 13556957 | F |
| Commonfund - multi-strategy bond fund | 5871889 | F |
| Commonfund - Government Securities | 2019335 | F |
| commodity funds | 1524784 | F |
| Other Funds | 3944826 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 26917791 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| bond issuance costs | 249167 |
| deposits with bond trustee | 4861564 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 5110731 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| refundable advances | $1,073,383 |
| obligations under interest rate swap contracts | $1,359,865 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2433248 | TotalOfAmounts |
| Total Revenue | 44131098 | TotalRevenue |
| Total Expenses | 38984312 | TotalExpenses |
| Excess Or Deficit For Year | 5146786 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -2254270 | NetUnrealizedGLOnInvestments |
| Other | -$778,365 | OtherAmount |
| Total Adjustments | -3032635 | TotalAdjustments |
| Excess Or Deficit Per FS | 2114151 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 29267986 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -2254270 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 7823 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -768618 | OtherRevenues |
| Revenue Not Rptd F990 | -3015065 | RevenueNotRptdF990 |
| Revenue Subtotal | 32283051 | RevenueSubtotal |
| Other Revenues Not Included | 11848047 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 11848047 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 44131098 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27153835 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 7823 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 9747 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 17570 | ExpensesNotRptdF990 |
| Expenses Subtotal | 27136265 | ExpensesSubtotal |
| Other Expenses Not Included | 11848047 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 11848047 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 38984312 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | THE COLLEGE'S ENDOWMENT IS USED FOR GENERAL SUPPORT, SCHOLARSHIPS, AND ACADEMIC SUPPORT. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | 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 a 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: -778365. | |
| Part XII, Line 2d - Other Adjustments: | Golf Outing Expenses: 9747. loss on interest rate swap contract: -778365. | |
| Part XII, Line 4b - Other Adjustments: | student Financial Aid: 11848047. | |
| Part XIII, Line 2d - Other Adjustments: | Golf outing expenses: 9747. | |
| Part XIII, Line 4b - Other Adjustments: | student financial aid: 11848047. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | 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. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS PERKINS, SEOG, WORKSTUDY, PELL AND ACADEMIC COMPETITIVENESS GRANTS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Outing | NameOfEvent1 |
| Gross Receipts Event1 | 97457 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 85617 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 11840 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 9747 | RentFacilityCostsEvent1 |
| Gross Receipts Total | 97457 | GrossReceiptsTotal |
| Charitable Contributions Total | 85617 | CharitableContributionsTotal |
| Gross Revenue Total Events | 11840 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 9747 | RentFacilityCostsTotalEvents |
| Direct Expense Summary Events | 9747 | DirectExpenseSummaryEvents |
| Net Income Summary | 2093 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships | TypeOfGrant |
| Number Of Recipients | 929 | NumberOfRecipients |
| Amount Of Cash Grant | 11848047 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Scholarships are generally applied to student account balances through the college's bursar's office. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paula Rooney | |||||||||||||
| 317498 | 0 | 52000 | 0 | 9816 | 0 | 26067 | 0 | 18453 | 0 | 423834 | 0 | 0 | 0 |
| Thomas Maher | |||||||||||||
| 141398 | 0 | 0 | 0 | 888 | 0 | 11600 | 0 | 16053 | 0 | 169939 | 0 | 0 | 0 |
| Linda Ragosta | |||||||||||||
| 142498 | 0 | 0 | 0 | 464 | 0 | 11600 | 0 | 2502 | 0 | 157064 | 0 | 0 | 0 |
| Peter Martel | |||||||||||||
| 141298 | 0 | 0 | 0 | 826 | 0 | 11200 | 0 | 1002 | 0 | 154326 | 0 | 0 | 0 |
| John Leiendecker | |||||||||||||
| 128435 | 0 | 0 | 0 | 1212 | 0 | 10824 | 0 | 16516 | 0 | 156987 | 0 | 0 | 0 |
| Cindy Kozil | |||||||||||||
| 119188 | 0 | 0 | 0 | 261 | 0 | 10400 | 0 | 20463 | 0 | 150312 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | Housing is provided as a condition of employment for the convenience of the College. |
| Part I, Line 4a | THE COLLEGE HAS ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH DR. PAULA ROONEY. PREMIUMS PAID BY THE COLLEGE ARE TREATED AS AMOUNTS LENT TO THE PRESIDENT. PREMIUMS PAID IN 2010 WERE $82,215 AND THE TOTAL AMOUNT PAID TO DATE IS $305,370. INTEREST IS IMPUTED ON THE LOAN AT THE APPLICABLE FEDERAL RATES. THE CASH SURRENDER VALUE OF THIS POLICY IS $167,602 AS OF MAY 31, 2010. |
| 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 DIRECTORS BASED ON A REVIEW OF HER PERFORMANCE OVER THE PAST YEAR. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mass Development Finance Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| CUSIP Number | 57583RYB5 | CUSIPNumber |
| Date Issued | 2008-06-11 | DateIssued |
| Issue Price | 28400000 | IssuePrice |
| Description Of Purpose | refund 1999 bonds and construct a building addition | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 28310698 | TotalProceeds |
| Amount Unspent | 4861564 | AmountUnspent |
| Issuance Costs From Proceeds | 251522 | IssuanceCostsFromProceeds |
| Capital Expenditures | 15092972 | CapitalExpenditures |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Citizens Bank | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 28.000000000000 | TermOfHedge |
| Gross Proceeds Invested In GIC | 1 | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GE Funding Capital | BusinessNameLine1 |
| Business Name Line2 | Market Services | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of GIC | 2.000000000000 | TermOfGIC |
| Regulatory Safe Harbor Satisfied | 0 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Paula Rooney | NamePerson |
| Purpose Of Loan | Split dollar life insurance premiums | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $305,370 | OriginalPrincipalAmount |
| Balance Due | 305370 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 305370 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | P Gerard Shaw | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | FAMILY MEMBER | Relationship |
| Amount Of Transaction | 80761 | AmountOfTransaction |
| Description Of Transaction | P. GERARD SHAW IS THE SPOUSE OF THE PRESIDENT OF THE COLLEGE AND IS ALSO A FACULTY MEMBER AT THE COLLEGE. HIS SALARY IS COMMENSURATE WITH OTHER FACULTY MEMBERS AT HIS RANK. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 78420 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV on date of gift | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | computer equipment | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 148984 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV on date of gift | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | During the fiscal year, the by-laws of the college were changed regarding the election of trustees. To comply with practice, the reference to voting by ballot was removed and the length of additional terms is now stated as years instead of terms. |
| 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 by an independent consultant, Sibson Consulting, using a peer institution competitive market assessment. That assessment analyzed the full complement of compensation elements issued to the President and a formal report was presented to the Board of Trustees documenting the results. The President's salary is also analyzed annually as part of an internal analysis using a separate competitive market assessment with peer institutions but relying on published compensation data from the College and University Professional Association for Human Resources (CUPA-HR) relying on higher education salary data gathered annually through their Administrative Compensation survey. THE PRESIDENT'S COMPENSATION IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENTED Contemporaneously. The compensation of key employees of the College is reviewed internally and annually utilizing a peer institution list of comparable colleges and using a subscribed 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 and www.guidestar.org. |