2011-04-12T15:45:06-05:00 2010-05-31 CBIZ Tofias 350 Massachusetts Ave Cambridge MA 02139 990 2009-06-01 042104149 Dean College DEAN 5085411615 99 Main Street Franklin MA 02038 kathleen mcguire 5085411615 2011-04-06 1 Craig Klein 6177610600 2009 2016-02-24 21:20:13Z paula rooney 99 Main Street Franklin MA 02038 46211754 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 25 743 150 0 0 2035657 1507704 40695698 36489176 972068 6132125 -542274 2093 43161149 44131098 12195453 11848047 0 13916630 12946789 0 1105127 14205346 14189476 40317429 38984312 2843720 5146786 72384945 76527444 33798880 35827228 38586065 40700216 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 19285633 11848047 26540584 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. 5898055 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. 6505397 9527018 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. 3419889 421574 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. 3419889 421574 35108974 1 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1844 0 1 743 1 0 0 0 0 0 0 0 0 0 26 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Kathleen McGuire 5085411615 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 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 Paula Rooney 55.00 X X 379314 0 44520 Thomas Maher 50.00 X 142286 0 27653 Linda Ragosta 50.00 X 142962 0 14102 Peter Martel 50.00 X 142124 0 12202 John Leiendecker 50.00 X 129647 0 27340 Cindy Kozil 50.00 X 119449 0 30863 Coleen Resnick 50.00 X 115873 0 22578 1171655 0 179258 9 0 1 0 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 4 85617 213473 1208614 231824 1507704 Tuition & Fees 900099 26540584 26540584 Auxilliary Revenue 900099 9527018 9527018 educational activities 900099 421574 421574 36489176 509690 509690 306645 306645 7386699 2016671 54238 5370028 -54238 5315790 5315790 11840 85617 9747 2093 2093 44131098 36489176 0 6134218 11848047 11848047 778473 173831 518763 85879 80761 80761 9889116 8515857 903420 469839 501959 457096 21010 23853 997726 874643 72102 50981 698754 591991 69396 37367 73243 73243 74990 74990 38000 38000 295552 169931 102298 23323 1194429 1124165 70264 1023317 734365 166014 122938 914426 840215 48237 25974 4790764 4637264 115778 37722 127146 99558 12876 14712 2371871 2101972 175434 94465 214659 17792 196867 food service 1703469 1703469 other 795945 578510 103616 113819 student activities 375728 375728 equipment rental/maint. 195937 183779 7903 4255 38984312 35108974 2770211 1105127 4192016 3727529 640816 438718 479724 313675 223155 305370 2630105 2627577 210054 339734 67996700 31250381 30107320 36746319 23272185 26917791 10629570 5110731 72384945 76527444 2886684 4122636 757588 871344 28400000 28400000 1754608 2433248 33798880 35827228 X 27267201 28150611 6468953 7335163 4849911 5214442 38586065 40700216 72384945 76527444 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38000 38000 37841185 37879185 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 60000 60000 38000 218000 250000 250000 250000 250000 1000000 1500000 21998066 328335 3610021 1206423 24729999 27519189 103168 -5172285 452006 21998066 0.58330 0.21090 0.20580 0 0 43256836 18760538 24496298 2015444 393685 1621759 13880073 12096158 1783915 8844347 8844347 36746319 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 26917791 bond issuance costs 249167 deposits with bond trustee 4861564 5110731 refundable advances 1073383 obligations under interest rate swap contracts 1359865 2433248 44131098 38984312 5146786 -2254270 -778365 -3032635 2114151 29267986 -2254270 7823 -768618 -3015065 32283051 11848047 11848047 44131098 27153835 7823 9747 17570 27136265 11848047 11848047 38984312 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. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS PERKINS, SEOG, WORKSTUDY, PELL AND ACADEMIC COMPETITIVENESS GRANTS. 1 Golf Outing 97457 85617 11840 9747 97457 85617 11840 9747 9747 2093 1 Scholarships 929 11848047 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 1 0 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 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. Mass Development Finance Agency 043431814 57583RYB5 2008-06-11 28400000 refund 1999 bonds and construct a building addition 0 0 28310698 4861564 251522 15092972 2011 1 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 Citizens Bank 28.000000000000 1 GE Funding Capital Market Services 2.000000000000 0 0 0 Paula Rooney Split dollar life insurance premiums X 305370 305370 0 1 1 305370 P Gerard Shaw FAMILY MEMBER 80761 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. 0 X 3 78420 FMV on date of gift X computer equipment 2 148984 FMV on date of gift 0 0 1 0 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.