2013-04-10T19:18:08-05:00 2012-05-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 DANIEL MODELANE 5085411615 2013-04-01 1 CRAIG KLEIN P00734640 6177610600 2011 2016-02-25 16:41:14Z DR PAULA M ROONEY 99 MAIN STREET FRANKLIN MA 02038 55216573 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. 25 24 741 150 2758 1556 1652244 1332395 42532596 48194103 869717 925586 6135 4142 45060692 50456226 14510882 16292363 0 0 13656253 14872062 0 0 1148527 16663215 17623225 44830350 48787650 230342 1668576 78642999 81469596 34791996 42566040 43851003 38903556 X DEAN COLLEGE, A PRIVATE RESIDENTIAL COLLEGE FOSTERING ACADEMIC AND PERSONAL SUCCESS, OFFERS A VARIETY OF ASSOCIATE DEGREE PROGRAMS, TRANSFER PREPARATION FOR FOUR-YEAR INSTITUTIONS, AND BACCALAUREATE DEGREES. DEAN PROVIDES ITS STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT PROMOTE A LIFETIME OF LEARNING AND ACHIEVEMENT. IN A SOCIETY WHERE CHANGE IS CONSTANT AND DRAMATIC, DEAN COLLEGE IS COMMITTED TO GRADUATING STUDENTS WHO ARE WELL-PREPARED FOR THE WORLD OF WORK OR FURTHER COLLEGIATE STUDY. DEAN GRADUATES WILL CONTINUE TO DEMONSTRATE STRONG COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY, AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT. 0 0 25608418 16292363 35402157 INSTRUCTION: THE COLLEGE HAD FULL-TIME ENROLLMENT OF 1,088 AND PART-TIME ENROLLMENT OF 320 IN THE FALL OF 2011. THE STUDENTS ARE FROM 29 STATES AND 41 COUNTRIES. THE COLLEGE OFFERS 16 ASSOCIATE AND 5 BACHELOR OF ARTS DEGREES. 6895498 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. 8421016 12445241 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. 3357562 346705 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. 3357562 346705 44282494 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1947 0 1 741 1 1 1 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DANIEL MODELANE 5085411614 99 MAIN STREET FRANKLIN MA 02038 MARK BOYCE 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 MICHAEL COSTA 1.00 X 0 0 0 ADAM CRESCENZI 1.00 X 0 0 0 DONNA CUSSON 1.00 X 0 0 0 RUTH DUGAN 1.00 X 0 0 0 LEE ESCKILSEN 1.00 X 0 0 0 ANDRES FERNANDEZ 1.00 X 0 0 0 ANDREW GOMEZ 1.00 X 0 0 0 WILLIAM GREEN 1.00 X 0 0 0 JANET GUIDREY 1.00 X 0 0 0 CHRISTOPHER HENNESSEY 1.00 X 0 0 0 DAVID HOFFIS 1.00 X 0 0 0 MICHAEL JONES 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 DR PAULA M ROONEY 55.00 X X 503547 0 123541 DANIEL MODELANE 50.00 X 99207 0 11897 THOMAS MAHER 50.00 X 15397 0 3111 LINDA RAGOSTA 50.00 X 152330 0 13636 CINDY KOZIL 50.00 X 136902 0 31074 DARRELL KULEZA 50.00 X 128336 0 25347 JOHN MARCUS 50.00 X 147052 0 12367 PETER MARTEL 50.00 X 146800 0 15613 COLEEN RESNICK 50.00 X 128830 0 24434 1458401 0 261020 7 0 1 0 CREATIVE COMMUNICATION ASSOC 16 SAGE ESTATE ALBANY NY 12204 MARKETING 255279 EDWARDS WILDMAN PALMER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL SERVICES 172941 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 ACCOUNTING SERVICES 109996 3 53941 222275 1056179 110997 1332395 TUITION & FEES 900099 35402157 35402157 AUXILIARY REVENUE 900099 12445241 12445241 EDUCATIONAL ACTIVITIES 900099 346705 346705 48194103 406459 406459 5270486 4751359 519127 519127 519127 10372 53941 8988 1384 1384 PARKING 812930 2758 2758 2758 50456226 48194103 2758 926970 16292363 16292363 809699 182396 531660 95643 77680 77680 11322985 9746435 1146619 429931 572406 505494 40266 26646 1267495 1086614 116940 63941 821797 703840 78385 39572 124642 124642 99290 99290 60000 60000 1364990 963646 217412 183932 1284633 1206627 78006 1066665 744622 222353 99690 1156857 1033465 80205 43187 5981684 5803030 130591 48063 227272 192903 15682 18687 3118250 2852144 172969 93137 248444 18157 230287 FOOD SERVICE 2233831 2233831 STUDENT ACTIVITIES 451302 451302 EQUIPMENT RENTAL/MAINT. 205365 187945 11322 6098 48787650 44282494 3356629 1148527 4370328 5534675 150000 429352 348865 391114 526733 2094697 2064045 232989 292014 81499091 37157072 40677785 44342019 29897742 27825052 398992 536193 78642999 81469596 2596846 3224105 1212479 1076435 27905000 31585000 3077671 6680500 34791996 42566040 X 30466916 27134648 7830494 5987858 5553593 5781050 43851003 38903556 78642999 81469596 X 1668576 -6616023 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 47579123 47639123 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 38000 60000 60000 218000 250000 250000 250000 250000 1000000 1500000 28313263 1790280 -2232089 1191553 26679901 24729999 299882 4477173 1193791 28313263 21998066 328335 3610021 1206423 24729999 27519189 103168 -5172285 452006 21998066 0.59480 0.21670 0.18850 0 0 60827193 22939942 37887251 3350488 695969 2654519 15976025 13521161 2454864 1345385 1345385 44342019 COMMONFUND - MULTI-STRATEGY EQUITY FUND 14485631 F COMMONFUND - MULTI-STRATEGY BOND FUND 5960528 F COMMONFUND - GOVERNMENT SECURITIES 684584 F COMMODITY FUNDS 1493729 F OTHER FUNDS 5200580 F 27825052 REFUNDABLE ADVANCES 1157118 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 5523382 6680500 50456226 48787650 1668576 -3151098 -3464925 -6616023 -4947447 27557828 -3151098 1000 -3455937 -6606035 34163863 16292363 16292363 50456226 32505275 1000 8988 9988 32495287 16292363 16292363 48787650 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT IS USED FOR GENERAL SUPPORT, SCHOLARSHIPS, AND ACADEMIC SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP CONTRACT -3,464,925. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 8,988. LOSS ON INTEREST RATE SWAP CONTRACT -3,464,925. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 16,292,363. PART XIII, LINE 2D - OTHER ADJUSTMENTS: GOLF OUTING EXPENSES 8,988. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 16,292,363. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 DEAN COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY IN ALL ASPECTS OF RECRUITING, ADMISSION AND FINANCIAL AID AWARDING. THE NOTICE OF NON-DISCRIMINATION IS PUBLISHED IN ALL BROCHURES AND CATALOGUES DEALING WITH STUDENT ADIMISSIONS, PROGRAMS AND SCHOLARSHIPS. DEAN COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHIC SECTION OF THE UNITED STATES AND, AS NOTED, FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE COLLEGE DEMONSTRATES THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS BY ENROLLING STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL ASSISTANCE IS IN THE FORM OF STUDENT AID SUCH AS PERKINS, SEOG, WORKSTUDY, PELL AND ACADEMIC COMPETITIVENESS GRANTS. GOLF OUTING 64313 53941 10372 8988 64313 53941 10372 8988 8988 1384 1 SCHOLARSHIPS 1148 16292363 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 DR PAULA M ROONEY 332762 0 50000 0 120785 0 79896 0 43645 0 627088 0 0 0 LINDA RAGOSTA 151413 0 0 0 917 0 12198 0 1438 0 165966 0 0 0 CINDY KOZIL 136597 0 0 0 305 0 11668 0 19406 0 167976 0 0 0 DARRELL KULEZA 122614 0 5000 0 722 0 8346 0 17001 0 153683 0 0 0 JOHN MARCUS 146694 0 0 0 358 0 9929 0 2438 0 159419 0 0 0 PETER MARTEL 143620 0 0 0 3180 0 11778 0 3835 0 162413 0 0 0 COLEEN RESNICK 128672 0 0 0 158 0 6789 0 17645 0 153264 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE PRESIDENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE BENEFIT IS NOT TAXABLE TO THE RECIPIENT. PART I, LINE 4B THE COLLEGE HAS ESTABLISHED TWO NONQUALIFIED DEFERRED COMPENSATION PLANS FOR THE BENEFIT OF DR. PAULA M. ROONEY. THE COLLEGE CONTRIBUTES $60,000 TO THE PLANS ON AN ANNUAL BASIS. 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. DARRELL KULEZA RECEIVED ADDITIONAL COMPENSATION AS A RETENTION INCENTIVE AS REPORTED ON SCHEDULE J, COLUMN B(II). MASS DEVELOPMENT FINANCE AGENCY 043431814 57583RYB5 2008-06-11 28400000 REFUND 1999 BONDS AND CONSTRUCT A BUILDING ADDITION 0 0 0 MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2011-10-26 14400000 CONSTRUCTION OF A RESIDENTIAL HALL 0 0 0 28400000 230497 31883 20114472 8023148 2011 1 0 1 1 4200000 146560 4053440 2013 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 CITIZENS BANK 27.000000000000 0 0 1 GE FUNDING CAPITAL MARKET SERVICES 2.000000000000 1 0 0 0 1 1 RBS CITIZENS NATIONAL 7.000000000000 0 0 0 0 0 PART II, LINE 11, COLUMN A: $8,023,148 OF BOND PROCEEDS WERE USED TO CURRENTLY REFUND THE 1999 BOND ISSUE. PART II, LINE 3, COLUMN B: $10,200,000 OF THE SERIES 2011 BONDS HAS NOT BEEN DISBURSED AS OF MAY 31, 2012. PART V: WHILE THE ORGANIZATION HAD NOT, AS OF MAY 31, 2012, ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF TAX-EXEMPT BOND RELATED FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VCAP PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE, SUCH WRITTEN PROCEDURES WERE ESTABLISHED AND ADOPTED DURING FY 13 PRIOR TO THE FILING OF THIS FORM 990. P GERARD SHAW FAMILY MEMBER 77680 P. GERARD SHAW IS THE SPOUSE OF THE PRESIDENT OF THE COLLEGE AND IS ALSO A FULL-TIME FACULTY MEMBER AT THE COLLEGE. HIS SALARY IS COMMENSURATE WITH OTHER FULL-TIME FACULTY MEMBERS AT HIS RANK. 0 X 3 22473 FMV ON DATE OF GIFT X CHAIRS 1 19354 FMV ON DATE OF GIFT X SERVER 1 46091 FMV ON DATE OF GIFT X MISCELLANEOUS 41 23079 FMV ON DATE OF GIFT 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER ON SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED IN DETAIL WITH THE AUDIT COMMITTEE. PRIOR TO SUBMISSION, IT WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY VIA THE TRUSTEES' PASSWORD-PROTECTED WEB PORTAL. MEMBERS WERE ADVISED VIA E-MAIL THAT THE FORM 990 WAS AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IN THE EVENT OF A CONFLICT OF INTEREST, THE CONFLICTED INDIVIDUAL IS PROHIBTED FROM VOTES OR DECISIONS RELATING TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION WAS REVIEWED USING TWO INDEPENDENT ANALYSES. THE FIRST WAS AN UPDATE TO THE 2009 COMPETITIVE MARKET ASSESSMENT PERFORMED BY SIBSON CONSULTING FROM NEW YORK, NY. THE SECOND WAS AN INDEPENDENT COMPENSATION REVIEW PERFORMED BY ML STRATEGIES, MINTZ LEVIN, OUT OF WASHINGTON DC. THESE REPORTS WERE PROVIDED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO COMPENSATION LEVELS BEING ESTABLISHED FOR THE 2011-12 FISCAL AND ACADEMIC YEARS. IN BOTH CASES THE STUDIES RELIED ON A PEER-INSTITUTION REVIEW OF PRESIDENTIAL COMPENSATION. THE PRESIDENT'S COMPENSATION IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. THE COMPENSATION OF THE KEY EMPLOYEES OF THE COLLEGE IS REVIEWED INTERNALLY AND ANNUALLY UTILIZING A PEER INSTITUTION LIST OF COMPARABLE COLLEGES AND USING A SUBSCRIPTION DATABASE THROUGH THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA - HR) USING DATA COLLECTED ANNUALLY THROUGH THEIR ADMINISTRATIVE COMPENSATION SURVEY. COMPENSATION FOR THIS GROUP IS SET BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,151,098. LOSS ON INTEREST RATE SWAP CONTRACT -3,464,925. TOTAL TO FORM 990, PART XI, LINE 5: -6,616,023.