2025-04-04T14:23:15-05:00 2024-05-31 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 BASIL STEWART VP FIN. SERVICES/TREASURER 5085411615 2025-03-31 1 1 BRENDA L BOOTH P01342395 6177610600 2025-03-31 2023 2025-03-06 01:10:19Z MARK BOYCE 99 MAIN STREET FRANKLIN MA 02038 82586937 0 X WWW.DEAN.EDU X 1865 MA DEAN COLLEGE IS A PRIVATE, RESIDENTIAL NEW ENGLAND COLLEGE GROUNDED IN A CULTURE AND TRADITION THAT ALL STUDENTS DESERVE THE OPPORTUNITY TO DISCOVER AND EXCEED THEIR GREATEST ASPIRATIONS. A PERSONAL AND TRANSFORMATIVE COMMUNITY SINCE 1865, DEAN TIRELESSLY INSPIRES OUR STUDENTS TO UNIMAGINED HEIGHTS THROUGH PERSONALIZED SUPPORT AND INTEGRATED DELIVERY OF ACADEMIC, CO-CURRICULAR AND EXPERIENTIAL LEARNING. OUR GRADUATES ARE LIFELONG LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. 14 13 760 150 47480 33254 3016398 1691656 67726773 68701223 688983 896329 9551 787495 71441705 72076703 30242319 31472940 0 0 21442367 22381751 0 0 460976 24280415 22492689 75965101 76347380 -4523396 -4270677 113932349 114178261 48890190 44120804 65042159 70057457 X DEAN COLLEGE IS A PRIVATE, RESIDENTIAL NEW ENGLAND COLLEGE GROUNDED IN A CULTURE AND TRADITION THAT ALL STUDENTS DESERVE THE OPPORTUNITY TO DISCOVER AND EXCEED THEIR GREATEST ASPIRATIONS. A PERSONAL AND TRANSFORMATIVE COMMUNITY SINCE 1865, DEAN TIRELESSLY INSPIRES OUR STUDENTS TO UNIMAGINED HEIGHTS THROUGH PERSONALIZED SUPPORT AND INTEGRATED DELIVERY OF ACADEMIC, CO-CURRICULAR AND EXPERIENTIAL LEARNING. OUR GRADUATES ARE LIFELONG LEARNERS WHO THRIVE IN THEIR CAREERS, EMBRACE SOCIAL RESPONSIBILITY AND DEMONSTRATE LEADERSHIP. 0 0 33587610 22858796 49830434 INSTRUCTION: THE COLLEGE HAD FULL TIME ENROLLMENT OF 1,048 AND PART-TIME ENROLLMENT OF 44. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 17 ASSOCIATE AND 21 BACHELOR DEGREES. 13742681 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 AND FINANCIAL AID, AN ACTIVE CAMPUS LIFE DEPARTMENT AND AN ATHLETIC PROGRAM. 18483875 8614144 19047330 AUXILIARY SERVICES: THE COLLEGE HAS 13 RESIDENTIAL FACILITIES RANGING FROM TRADITIONAL DORMITORIES, SMALL HOUSES AND APARTMENTS. THE COLLEGE ALSO OFFERS A FULL SERVICE DINING HALL FOR THE STUDENTS. APPROXIMATELY 90% OF THE STUDENTS RESIDE ON CAMPUS. 4453422 603189 ACADEMIC SUPPORT: THE COLLEGE OFFERS SEVERAL ACADEMIC SUPPORT PROGRAMS INCLUDING STRUCTURED SEMESTER PROGRAMS AS WELL INDIVIDUALIZED TUTORING PROGRAMS. THE STUDENTS ALSO HAVE ACCESS TO A FULL SERVICE LIBRARY LEARNING CENTER AND ACADEMIC COMPUTING. 4453422 603189 70267588 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1667 0 1 760 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA CO MD MI NH NY SC WA WI X KATHLEEN MCGUIRE 5085411615 99 MAIN STREET FRANKLIN MA 02038 MARK BOYCE CHAIRMAN 2.00 X X 0 0 0 ANDRES FERNANDEZ VICE CHAIRMAN (UNTIL 2/24) 2.00 X X 0 0 0 JEFFREY P COHEN TRUSTEE 1.00 X 0 0 0 SCOTT COLWELL TRUSTEE 1.00 X 0 0 0 RUTH DUGAN TRUSTEE (UNTIL 4/24) 1.00 X 0 0 0 CHRISTOPHER HENNESSEY TRUSTEE 1.00 X 0 0 0 DAVID HOFFSIS TRUSTEE (UNTIL 10/23) 1.00 X 0 0 0 STEPHEN LINCOLN TRUSTEE 1.00 X 0 0 0 DENNIS MAGUIRE TRUSTEE (UNTIL 4/24) 1.00 X 0 0 0 GREGORY O'BRIEN VICE CHAIRMAN 2.00 X X 0 0 0 MARTIN PARQUETTE TRUSTEE 1.00 X 0 0 0 THERESA ROBBINS TRUSTEE (UNTIL 9/23) 1.00 X 0 0 0 PAUL LAMBERT TRUSTEE (UNTIL 10/23) 1.00 X 0 0 0 RICHARD SULLIVAN TRUSTEE 1.00 X 0 0 0 LISA FREUDENHEIM TRUSTEE 1.00 X 0 0 0 ERIC LEE TRUSTEE 1.00 X 0 0 0 M RODNEY ROBINSON TRUSTEE 1.00 X 0 0 0 MELISSA SMITH TRUSTEE 1.00 X 0 0 0 SCOTT WILLIAMS TRUSTEE 1.00 X 0 0 0 JOHN LEIENDECKER CHAIRMAN 2.00 X X 0 0 0 EDWARD AUGUSTUS CHANCELLOR 55.00 X 368882 0 31914 KATHLEEN MCGUIRE TREASURER 50.00 X 192578 0 37822 KENNETH ELMORE JD PRESIDENT 55.00 X 462386 0 97630 THOMAS PISTORINO CFO AND TREASURER (AS OF 1/24) 50.00 X 0 0 0 COLEEN RESNICK VICE PRESIDENT 50.00 X 178696 0 23464 DARRELL KULESZA VICE PRESIDENT 50.00 X 181154 0 40529 SANDRA CAIN VICE PRESIDENT 50.00 X 184504 0 24365 SCOTT SIBLEY VICE PRESIDENT 50.00 X 183338 0 25484 PAUL VACCARO VICE PRESIDENT 50.00 X 160775 0 37138 1912313 0 318346 22 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2147619 HARVARD MAINTENANCE LLC PO BOX 95000-1112 PHILADELPHIA PA 19195 CLEANING SERVICES 1246897 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FOOD SERVICE 1142079 BRIGHTVIEW LANDSCAPES LLC 401 PLYMOUTH RD SUITE 500 PLYMOUTH MEETING PA 19462 LANDSCAPING 704352 TEAMOPS LLC ONE PATRIOT PLACE FOXBOROUGH MA 02035 SECURITY 655739 18 70899 874125 746632 59300 1691656 TUITION & FEES 900099 49830434 49830434 AUXILIARY REVENUE 900099 18267600 18267600 EDUCATIONAL ACTIVITIES 900099 603189 603189 68701223 917567 41006 876561 7210 736 6474 6474 6474 10482710 10503948 -21238 -21238 -21238 6841 70899 5550 1291 1291 INSURANCE PROCEEDS 519200 779730 779730 779730 72076703 69480953 47480 856614 31378840 31378840 94100 94100 1359959 553696 784243 22020 17174448 15181133 1831946 161369 709193 615268 86540 7385 1881573 1578483 282361 20729 1256578 1058233 184480 13865 94188 94188 156211 156211 1831091 1414953 305415 110723 947393 761891 185502 1033499 837665 174606 21228 1950807 1779024 161966 9817 5411667 5187403 200592 23672 198400 192054 6346 1824451 1645283 179168 4157364 3868621 236815 51928 681405 206713 473434 1258 FOOD SERVICE 2666410 2666410 STUDENT ACTIVITIES 782633 782633 OTHER 692187 400202 275003 16982 EQUIPMENT RENTAL/MAINT. 64983 64983 76347380 70267588 5618816 460976 709047 684174 540822 422600 17025 20250 863808 353360 227064 100267 1191834 1264401 116874995 73713459 45417923 43161536 47226220 47741401 15254191 17841386 2484415 2588886 113932349 114178261 4231066 4136553 1050504 1711448 35040626 33645069 2500000 2960000 6067994 1667734 48890190 44120804 X 47572336 50950840 17469823 19106617 65042159 70057457 113932349 114178261 X -4270677 8214922 1071053 X 0 1 X 1 1 1 X 4778035 9745981 7528594 3016398 1691656 26760664 4778035 9745981 7528594 3016398 1691656 26760664 2491951 24268713 986238 659782 598437 729604 876561 3850622 1881 64179 31221 34254 131535 30742821 319830792 0.78940 0.78800 X FORM 990, SCHEDULE A, PART 1, LINE 7: THE BASIS OF DEAN COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 75886404 75886404 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 62873147 77684 9143276 3271251 68822856 64555302 104312 875513 2661980 62873147 62005198 5423323 -501419 2371800 64555302 47013682 4134577 13078575 2221636 62005198 46504090 145630 2437658 2073696 47013682 0.74000 0.26000 0.00000 0 0 1184820 1184820 88107733 55153400 32954333 18322310 13182503 5139807 9260132 5377556 3882576 43161536 HEDGE FUNDS 3722129 F PRIVATE EQUITY FUNDS 14119257 F 17841386 REFUNDABLE ADVANCES 16293 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 132075 OPERATING LEASE LIABILITY 1519366 1667734 X 49896024 8214922 1077339 9292261 40603763 31472940 31472940 72076703 44880726 6286 6286 44874440 31472940 31472940 76347380 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: GAIN ON INTEREST RATE SWAP CONTRACT 1,071,053. GOLF OUTING EXPENSE 5,550. RENTAL EXPENSE 736. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 31,472,940. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSE 5,550. RENTAL EXPENSE 736. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 31,472,940. 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 SEOG, WORKSTUDY AND PELL. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 92100 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 2000 0 0 0 0 0 0 94100 0 94100 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 6 92100 CREDIT TO STUDENT ACCOUNT FMV SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 2000 CREDIT TO STUDENT ACCOUNT FMV 1 0 1 1 1 0 PART III, COL (C): SCHOLARSHIPS ARE AWARDED BY THE COLLEGE'S FINANCIAL AID DEPARTMENT AND APPLIED AS CREDITS TO THE STUDENT'S BALANCES BY THE COLLEGE'S BURSAR'S OFFICE. GOLF OUTING 77740 70899 6841 5550 77740 70899 6841 5550 5550 1291 1 SCHOLARSHIPS 1117 31378840 FMV CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: SCHOLARSHIPS ARE GENERALLY APPLIED TO STUDENT ACCOUNT BALANCES THROUGH THE COLLEGE'S BURSAR'S OFFICE. X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 KENNETH ELMORE JD PRESIDENT 447823 0 0 0 14563 0 38486 0 59144 0 560016 0 0 0 EDWARD AUGUSTUS CHANCELLOR 202779 0 0 0 166103 0 22500 0 9414 0 400796 0 0 0 KATHLEEN MCGUIRE TREASURER 188257 0 0 0 4321 0 15713 0 22109 0 230400 0 0 0 DARRELL KULESZA VICE PRESIDENT 176832 0 0 0 4322 0 11185 0 29344 0 221683 0 0 0 SANDRA CAIN VICE PRESIDENT 181186 0 0 0 3318 0 13885 0 10480 0 208869 0 0 0 SCOTT SIBLEY VICE PRESIDENT 181092 0 0 0 2246 0 4875 0 20609 0 208822 0 0 0 COLEEN RESNICK VICE PRESIDENT 90101 0 0 0 88595 0 7674 0 15790 0 202160 0 0 0 PAUL VACCARO VICE PRESIDENT 158786 0 0 0 1989 0 13479 0 23659 0 197913 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE BENEFIT IS NOT TAXABLE TO THE RECIPIENT. PART I, LINE 4A THE CHANCELLOR RECIEVED A SEPARATION PAYMENT OF $143,606 IN CALENDAR 2023. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). A VICE PRESIDENT RECEIVED A SEPARATION PAYMENT OF $87,956 IN CALENDAR 2023. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). A MASS DEVELOPMENT FINANCE AGENCY 043431814 57583RYB5 2008-06-11 28400000 REFUND 1999 BONDS AND CONSTRUCT A BUILDING ADDITION 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2011-10-26 14400000 CONSTRUCTION OF A RESIDENTIAL HALL 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2015-09-03 4500000 PURCHASE OF CONDOMIUM FOR STUDENT HOUSING 0 0 0 A 28400000 230497 31883 20114472 8023148 2011 1 0 1 1 B 14400000 146560 14253440 2013 0 0 1 1 C 4500000 76500 4423500 2015 0 0 1 1 A 0 0 0 0 0.00030 0.00000 0.00030 0 0 1 B 0 0 0 0 0.00200 0.00000 0.00200 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 CITIZENS BANK 19.000000000000 0 0 1 GE FUNDING CAPITAL MARKET SERVICES 2.000000000000 1 0 1 B 0 0 1 0 1 1 RBS CITIZENS NATIONAL 12.000000000000 0 0 0 0 1 C 0 0 1 0 1 1 CITIZENS BANK 9.000000000000 0 0 0 0 1 A 1 B 1 C 1 X 5 57184 FMV ON DATE OF GIFT X MISCELLANEOUS 20 2116 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 ITEMS CONTRIBUTED, NOT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990, WITH THE EXCEPTION OF SCHEDULE B, WAS REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE. PRIOR TO SUBMISSION, THE SAME VERSION WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEE'S 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 PROHIBITED FROM VOTES OR DECISIONS RELATING TO THE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF BOARD OF TRUSTEES REVIEWS YEARLY ACCOMPLISHMENTS OF THE COLLEGE UNDER LEADERSHIP OF THE PRESIDENT AS WELL AS RELEVANT SALARY INFORMATION, INCLUDING SALARY SURVEYS. THE COMPENSATION IS PRESENTED TO THE CHAIRMAN OF THE BOARD FOR APPROVAL. A REVIEW BY AN INDEPENDENT COMPENSATION CONSULTANT IS PERFORMED PERIODICALLY. THE PRESIDENT'S SALARY IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENT CONTEMPORANEOUSLY. AN OUTSIDE FIRM WAS HIRED TO PERFORM A COMPENSATION STUDY WHICH WAS USED TO DETERMINE THE SALARY OF THE NEW PRESIDENT. THE STUDY WAS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. 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 AND CONFLICT OF INTEREST POLICY AND ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS CAN BE FOUND ON THE COLLEGE'S WEBSITE. 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 1,071,053.