2021-04-15T10:39:55-05:00 2020-05-31 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2019-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 DANIEL MODELANE VP & TREASURER 5085411615 2021-04-09 1 BRENDA L BOOTH P01342395 6177610600 2021-04-09 2019 2022-09-23 18:48:47Z DR PAULA M ROONEY 99 MAIN STREET FRANKLIN MA 02038 82541816 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. 23 22 772 150 -19592 1211 1511597 4778035 65350532 64159904 2310979 1267747 14205 14966 69187313 70220652 25377558 26344049 0 0 19134201 19257095 154725 127756 1399798 23069407 21352716 67735891 67081616 1451422 3139036 101580246 111553669 50853553 59898507 50726693 51655162 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 35644722 25813549 49888549 INSTRUCTION: THE COLLEGE HAD FULL TIME ENROLLMENT OF 1,188 AND PART-TIME ENROLLMENT OF 131. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 20 ASSOCIATE AND 16 BACHELOR DEGREES. 12209859 530500 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. 9566967 13787342 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. 4148988 484013 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. 4148988 484013 61570536 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1937 0 1 772 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 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 DANIEL MODELANE 5085411614 99 MAIN STREET FRANKLIN MA 02038 MARK BOYCE CHAIRMAN 2.00 X X 0 0 0 ANDRES FERNANDEZ CO-VICE CHAIRMAN 2.00 X X 0 0 0 JOSEPH MAHER CO-VICE CHAIRMAN 2.00 X X 0 0 0 EDWARD AUGUSTUS TRUSTEE 1.00 X 0 0 0 JEFFREY P COHEN TRUSTEE 1.00 X 0 0 0 SCOTT COLWELL TRUSTEE 1.00 X 0 0 0 MICHAEL COSTA TRUSTEE 1.00 X 0 0 0 BETTY-JO CUGINI TRUSTEE 1.00 X 0 0 0 DONNA CUSSON TRUSTEE 1.00 X 0 0 0 RUTH DUGAN TRUSTEE 1.00 X 0 0 0 WILLIAM GREEN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HENNESSEY TRUSTEE 1.00 X 0 0 0 PETER HEXTER TRUSTEE 1.00 X 0 0 0 DAVID HOFFSIS TRUSTEE 1.00 X 0 0 0 MICHAEL JONES TRUSTEE 1.00 X 0 0 0 JAN KOKES TRUSTEE 1.00 X 0 0 0 STEPHEN LINCOLN TRUSTEE 1.00 X 0 0 0 DENNIS MAGUIRE TRUSTEE 1.00 X 0 0 0 GREGORY O'BRIEN TRUSTEE 1.00 X 0 0 0 DOMINIC ORR TRUSTEE 1.00 X 0 0 0 MARTIN PARQUETTE TRUSTEE 1.00 X 0 0 0 THERESA ROBBINS TRUSTEE 1.00 X 0 0 0 DR PAULA M ROONEY PRESIDENT 55.00 X X 767143 0 167519 DANIEL MODELANE VP & TREASURER 50.00 X 206665 0 39134 CINDY KOZIL VICE PRESIDENT 50.00 X 205762 0 36612 COLEEN RESNICK VICE PRESIDENT 50.00 X 200066 0 38722 DARRELL KULESZA VICE PRESIDENT 50.00 X 192233 0 29941 GREGORY CHALK VICE PRESIDENT 50.00 X 176294 0 33401 MICHAEL FISHBEIN VICE PRESIDENT 50.00 X 173871 0 24249 1922034 0 369578 23 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2615130 TEAMOPS LLC ONE PATRIOT PLACE FOXBOROUGH MA 02035 SECURITY 1222837 HARVARD MAINTENANCE LLC 800 WEST CUMMINGS PARK STE 1850 WOBURN MA 01801 CUSTODIAL 1219472 BRIGHTVIEW LANDSCAPES LLC 401 PLYMOUTH RD SUITE 500 PLYMOUTH MEETING PA 19462 LANDSCAPING 751985 EAB GLOBAL INC 1920 E PARHAM RD RICHMOND VA 23229 ENROLLMENT/FUNDRAISING 688615 16 65259 3620660 1092116 99511 4778035 TUITION & FEES 900099 49888549 49888549 AUXILIARY REVENUE 900099 13787342 13787342 EDUCATIONAL ACTIVITIES 900099 484013 484013 64159904 964062 -22176 986238 13068 11984 1084 1084 1084 12592486 12288801 303685 303685 303685 32761 65259 20379 12382 12382 PARKING 812930 1500 1500 1500 70220652 64159904 -19592 1302305 26243176 26243176 100873 100873 815291 354095 395845 65351 162327 162327 14505827 12611517 1274753 619557 763930 645492 82045 36393 1964580 1629944 239330 95306 1045140 874562 120690 49888 97652 97652 91500 91500 127756 127756 2073976 1670615 312926 90435 1814703 1469166 345537 1464546 1178997 251172 34377 1604467 1407242 126388 70837 4773349 4536368 168783 68198 202372 175920 20198 6254 1667411 1632741 34670 3986014 3700395 195486 90133 492468 230045 252099 10324 FOOD SERVICE 2222727 2222727 STUDENT ACTIVITIES 458905 458905 EQUIPMENT RENTAL/MAINT. 51425 51425 351201 214004 102208 34989 67081616 61570536 4111282 1399798 5207682 13354772 154394 340914 160082 104542 311578 981982 1165024 1093464 585439 734027 103777203 58065481 47104707 45711722 40292399 41167953 6183860 7559245 415081 505048 101580246 111553669 3953386 2941245 1107479 2473715 39490140 38331677 5000000 6302548 11151870 50853553 59898507 X 35475316 36213235 15251377 15441927 50726693 51655162 101580246 111553669 X 3139036 1169981 -3380548 X 0 1 X 1 1 1 X 2219326 1416477 1563710 1511597 4778035 11489145 2219326 1416477 1563710 1511597 4778035 11489145 403408 11085737 320764 357421 452076 901676 964062 2995999 22255 6424 50608 79287 14564431 306983624 0.76120 0.69920 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 ORGANZIATION 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 65681818 65681818 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 46504090 145630 2437658 2073696 47013682 45089504 1987285 1375106 1947805 46504090 41661842 1932778 3393596 1898712 45089504 37073172 1899820 4539174 1850324 41661842 39078741 1670139 -1940822 1734886 37073172 0.70950 0.13690 0.15360 0 0 862995 862995 80251875 44356191 35895684 14147756 9931555 4216201 8514577 3777735 4736842 45711722 OTHER FUNDS 7559245 F 7559245 REFUNDABLE ADVANCES 1012185 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 8648885 PAYROLL PROTECTION PROGRAM REFUNDABLE 1490800 11151870 X 42228899 1169981 -3348185 -2178204 44407103 25813549 25813549 70220652 41300430 32363 32363 41268067 25813549 25813549 67081616 PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED FOR GENERAL SUPPORT, SCHOLARSHIPS, AND ACADEMIC SUPPORT. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF WHICH REVENUES ARE RELATED OR UNRELATED TO BE ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 20,379. RENTAL EXPENSES 11,984. SWAP ADJUSTMENT -3,380,548. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,813,549. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 20,379. RENTAL EXPENSES 11,984. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,813,549. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DEAN COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY IN ALL ASPECTS OF RECRUITING, ADMISSION AND FINANCIAL AID AWARDING. THE NOTICE OF NON-DISCRIMINATION IS PUBLISHED IN ALL BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. DEAN COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHIC SECTION OF THE UNITED STATES AND, AS NOTED, FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE COLLEGE DEMONSTRATES THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS BY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS PERKINS, SEOG, WORKSTUDY AND PELL. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 100873 0 0 0 0 0 0 100873 0 100873 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 11 100873 CREDIT TO STUDENT ACCOUNTS FMV 1 0 1 1 1 0 PART I, LINE 2: 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. PART III ACCOUNTING METHOD: X X X X X X X 1 EAB GLOBAL INC 1920 E PARHAM ROAD RICHMOND VA 23229 FUNDRAISING 0 0 87381 0 MCALLISTER AND QUINN LLC 1368 NORTH WASHINGTON AVE SCRANTON PA 18509 GRANT SOLICITOR 0 0 40375 0 127756 CO MD MA MI NJ NH NY SC WA WI VA NC OH GOLF OUTING 98020 65259 32761 20379 98020 65259 32761 20379 20379 12382 1 SCHOLARSHIPS 1203 25712676 FMV CREDIT TO STUDENT ACCOUNTS EMERGENCY RELIEF GRANTS TO STUDENTS 852 530500 PART I, LINE 2: SCHOLARSHIPS ARE GENERALLY APPLIED TO STUDENT ACCOUNT BALANCES THROUGH THE COLLEGE'S BURSAR'S OFFICE. X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 DR PAULA M ROONEY PRESIDENT 422717 0 215000 0 129426 0 141400 0 26119 0 934662 0 0 0 DANIEL MODELANE VP & TREASURER 184472 0 20000 0 2193 0 15656 0 23478 0 245799 0 0 0 CINDY KOZIL VICE PRESIDENT 180831 0 20000 0 4931 0 15254 0 21358 0 242374 0 0 0 COLEEN RESNICK VICE PRESIDENT 179323 0 20000 0 743 0 15244 0 23478 0 238788 0 0 0 DARRELL KULESZA VICE PRESIDENT 169200 0 20000 0 3033 0 8900 0 21041 0 222174 0 0 0 GREGORY CHALK VICE PRESIDENT 145709 0 20000 0 10585 0 12360 0 21041 0 209695 0 0 0 MICHAEL FISHBEIN VICE PRESIDENT 167620 0 0 0 6251 0 9279 0 14970 0 198120 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDED CERTAIN REIMBURSEMENTS TO THE PRESIDENT THAT WERE GROSSED UP FOR TAX PURPOSES. THE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION AND INCLUDED ONTO SCHEDULE J PART II COLUMN B(III). 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 4B THE COLLEGE HAS ESTABLISHED TWO NONQUALIFIED DEFERRED COMPENSATION PLANS FOR THE BENEFIT OF DR. PAULA M. ROONEY. THE COLLEGE CONTRIBUTED $119,000 TO THE PLANS IN CALENDAR 2019. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 THE PRESIDENT'S BONUS, AS REPORTED ON SCHEDULE J COLUMN B (II), IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES BASED ON A REVIEW OF HER PERFORMANCE FOR THE PAST YEAR. THE VICE PRESIDENTS RECEIVED ADDITIONAL COMPENSATION BASED ON THEIR PERFORMANCE FOR THE PAST YEAR, AS REPORTED ON SCHEDULE J COLUMN B (II). THE AMOUNT WAS DETERMINED BY THE PRESIDENT AND COMPENSATION COMMITTEE. A MASS DEVELOPMENT FINANCE AGENCY 043431814 57583RYB5 2008-06-11 28400000 REFUND 1999 BONDS AND CONSTRUCT A BUILDING ADDITION 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2011-10-26 14400000 CONSTRUCTION OF A RESIDENTIAL HALL 0 0 0 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 0.00130 0.00000 0.00130 0 0 1 C 0 0 0 0 0.01500 0.00000 0.01500 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 P GERARD SHAW FAMILY MEMBER 162327 P. GERARD SHAW IS THE SPOUSE OF THE PRESIDENT OF THE COLLEGE AND IS ALSO A THE DEAN OF THE SCHOOL OF BUSINESS. HIS TOTAL COMPENSATION IS COMENSURATE WITH OTHERS AT HIS RANK. 0 X 6 79647 FMV ON DATE OF GIFT X MISCELLANEOUS 79 19864 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 PROVIDE TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEE'S PASSWORD PROTECTED PORTAL. MEMBERS WERE ADVISED VIA EMAIL THAT THE FORM 990 WAS AVAILABLE FOR 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 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. 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 ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS CAN BE FOUND ON THE COLLEGE'S WEBSITE. ADDITIONALLY, THE FORM 990 IS AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP CONTRACT -3,380,548.