2026-04-10T22:50:14-05:00 2025-05-31 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-06-01 042104149 DEAN COLLEGE DEAN 5085411615 99 MAIN STREET FRANKLIN MA 02038 BASIL STEWART VP FIN. SERVICES/TREASURER 5085411615 2026-04-04 1 1 BRENDA L BOOTH P01342395 6178075000 2026-04-04 2024 2025-03-06 01:10:19Z DARRELL KULESZA 99 MAIN STREET FRANKLIN MA 02038 88976594 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. 12 12 736 22 7842 15524 1691656 1758460 68701223 68452620 896329 3534116 787495 16524 72076703 73761720 31472940 31605271 0 0 22381751 21429733 0 0 638982 22492689 22839541 76347380 75874545 -4270677 -2112825 114178261 117337692 44120804 48430968 70057457 68906724 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 32877184 22785793 49518892 INSTRUCTION: THE COLLEGE HAD FULL TIME ENROLLMENT OF 1,001 AND PART-TIME ENROLLMENT OF 49. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 16 ASSOCIATE AND 20 BACHELOR DEGREES. 19170830 8819478 18933728 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 STUDENTS RESIDE ON CAMPUS. 13760853 0 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. 4356724 4356724 70165591 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 1 0 0 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 1553 0 1 736 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 BASIL STEWART 5085411615 99 MAIN STREET FRANKLIN MA 02038 JOHN LEIENDECKER CHAIRMAN 2.00 X X 0 0 0 GREGORY O'BRIEN VICE CHAIRMAN 2.00 X X 0 0 0 JEFFREY P COHEN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HENNESSEY TRUSTEE 1.00 X 0 0 0 STEVE LINCOLN TRUSTEE 1.00 X 0 0 0 MARTIN PARQUETTE TRUSTEE 1.00 X 0 0 0 MELISSA SMITH TRUSTEE 1.00 X 0 0 0 SCOTT COLWELL TRUSTEE 1.00 X 0 0 0 RICHARD SULLIVAN TRUSTEE 1.00 X 0 0 0 SCOTT WILLIAMS TRUSTEE 1.00 X 0 0 0 BETH ROSSI TRUSTEE 1.00 X 0 0 0 RODNEY ROBINSON TRUSTEE 1.00 X 0 0 0 ERIC LEE TRUSTEE (UNTIL 05/09/25) 1.00 X 0 0 0 LISA FREUDENHEIM TRUSTEE (UNTIL 06/16/24) 1.00 X 0 0 0 MARK BOYCE INTERIM PRESIDENT (UNTIL 05/11/25) 55.00 X 253829 0 0 THOMAS PISTORINO UNTIL 81424 VP FINANCIAL SERVICES & TREASURER 50.00 X 192174 0 22109 SANDRA CAIN EXECUTIVE VICE PRESIDENT & SECRETARY 50.00 X 199055 0 25199 KATHLEEN MCGUIRE SPECIAL ASSISTANT TO THE PRESIDENT 50.00 X 166763 0 13443 BASIL STEWART AS OF 102124 VP FOR FINANCIAL SERVICES & TREASURER 50.00 X 35013 0 0 DARRELL KULESZA INTERIM PRESIDENT (AS OF 05/12/25) 55.00 X 192950 0 42749 JENNIFER KELLY VP OF MARKETING (UNTIL 08/14/24) 50.00 X 195488 0 33782 SCOTT SIBLEY VP OF ACADEMIC AFFAIRS 50.00 X 195064 0 30984 PAUL VACCARO VP OF ENROLLMENT SERVICES 50.00 X 173178 0 38493 ANDREA ADAMS VP OF HUMAN RESOURCES 50.00 X 143311 0 28820 WILLIAM INGRAM DEAN, SCHOOL OF BUSINESS 50.00 X 148102 0 12200 KENNETH ELMORE JD PRESIDENT (UNTIL 05/19/24) 55.00 X 512282 0 30431 2407209 0 278210 26 1 1 0 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 753978839 FOOD SERVICE 2873382 HARVARD MAINTENANCE LLC PO BOX 95000-1112 PHILADELPHIA PA 191951112 CUSTODIAL 1421160 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 701230 BRIGHTVIEW LANDSCAPES LLC 47 SUMMER STREET WALPOLE MA 020711019 LANDSCAPING 584410 WS AIKEN INC 224 CRESCENT AVENUE CHELSEA MA 021503041 CONTRACTOR - ROOFING 506748 26 1004062 754398 25220 1758460 TUITION & FEES 900099 49518892 49518892 AUXILIARY REVENUE 900099 18337015 18337015 EDUCATIONAL ACTIVITIES 900099 596713 596713 68452620 938453 -8682 947135 76285 76285 21882 5358 16524 16524 16524 17728894 15209516 2519378 2519378 2519378 73761720 68452620 7842 3542798 31470621 31470621 134650 134650 904003 258287 636870 8846 16525889 14957146 1366510 202233 711912 625098 77158 9656 2060364 1782232 250599 27533 1227565 1071275 139685 16605 333340 333340 145905 145905 1918504 1495739 216855 205910 938095 752008 186087 928444 782618 108902 36924 1859860 1697921 150938 11001 6102472 5219333 830925 52214 186440 180012 3563 2865 1808363 1715732 92631 4211593 3918732 231533 61328 435955 189947 244532 1476 FOOD SERVICE 2829410 2831104 -1694 STUDENT ACTIVITIES 750410 750410 SPECIAL EVENTS 348673 290144 56138 2391 EQUIPMENT RENTAL/MAINT. 42077 42582 -505 75874545 70165591 5069972 638982 684174 946744 422600 1542143 20250 20235 353360 446590 100267 5297 1264401 1493121 119327142 77786846 43161536 41540296 47741401 43142805 17841386 19246705 2588886 8953756 114178261 117337692 4136553 3969169 1711448 1943980 33645069 39555602 2960000 0 1667734 2962217 44120804 48430968 X 50950840 49090316 19106617 19816408 70057457 68906724 114178261 117337692 X -2112825 2981826 -2019734 X 0 1 X 1 1 1 X 9745981 7528594 3016398 1691656 1758460 23741089 9745981 7528594 3016398 1691656 1758460 23741089 2551304 21189785 659782 598437 729604 876561 1023420 3887804 1881 64179 31221 34254 14737 146272 27775165 324123508 0.76290 0.78940 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 75235563 75235563 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 68822856 189095 6440349 9295300 66157000 62873147 77684 9143276 3271251 68822856 64555302 104312 875513 2661980 62873147 62005198 5423323 -501419 2371800 64555302 47013682 4134577 13078575 2221636 62005198 0.71510 0.28490 0.00000 0 0 1184820 1184820 89277629 57903386 31374243 19397831 14164170 5233661 9466862 5719290 3747572 41540296 HEDGE FUNDS 4137959 F PRIVATE EQUITY FUNDS 15108746 F 19246705 OTHER ASSETS 842384 RIGHT-OF-USE ASSETS - OPERATING LEASES 1600955 DEPOSITS WITH TRUSTEE 6510417 8953756 REFUNDABLE ADVANCES 30510 OBLIGATIONS UNDER INTEREST RATE SWAP CONTRACTS 1321882 OPERATING LEASE LIABILITY 1609825 2962217 X 45143633 2981826 5358 2987184 42156449 31605271 31605271 73761720 46294366 2025092 2025092 44269274 31605271 31605271 75874545 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: RENTAL EXPENSE 5,358. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 31,605,271. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT 276,014. LOSS ON SWAP 1,743,720. RENTAL EXPENSE 5,358. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 31,605,271. 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 134650 0 0 0 0 0 0 134650 0 134650 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 8 134650 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. 1 SCHOLARSHIPS 1004 0 31470621 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 (UNTIL 05/19/24) 241019 0 0 0 271263 0 18224 0 12207 0 542713 0 0 0 MARK BOYCE INTERIM PRESIDENT (UNTIL 05/11/25) 245953 0 0 0 7876 0 0 0 0 0 253829 0 0 0 DARRELL KULESZA INTERIM PRESIDENT (AS OF 05/12/25) 192188 0 0 0 762 0 12789 0 29960 0 235699 0 0 0 JENNIFER KELLY VP OF MARKETING (UNTIL 08/14/24) 195309 0 0 0 179 0 3822 0 29960 0 229270 0 0 0 SCOTT SIBLEY VP OF ACADEMIC AFFAIRS 194806 0 0 0 258 0 9938 0 21046 0 226048 0 0 0 SANDRA CAIN EXECUTIVE VICE PRESIDENT & SECRETARY 198428 0 0 0 627 0 14501 0 10698 0 224254 0 0 0 THOMAS PISTORINO UNTIL 81424 VP FINANCIAL SERVICES & TREASURER 191747 0 0 0 427 0 0 0 22109 0 214283 0 0 0 PAUL VACCARO VP OF ENROLLMENT SERVICES 172829 0 0 0 349 0 14332 0 24161 0 211671 0 0 0 KATHLEEN MCGUIRE SPECIAL ASSISTANT TO THE PRESIDENT 165651 0 0 0 1112 0 12952 0 491 0 180206 0 0 0 ANDREA ADAMS VP OF HUMAN RESOURCES 142880 0 0 0 431 0 7501 0 21319 0 172131 0 0 0 WILLIAM INGRAM DEAN, SCHOOL OF BUSINESS 147652 0 0 0 450 0 4615 0 7585 0 160302 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 PRESIDENT RECEIVED A SEPARATION PAYMENT OF $266,154 IN CALENDAR 2024. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). A MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2024-12-18 39500000 REFINANCE OF EXISTING BONDS & NEW MONEY 0 0 0 A 32268426 39500000 1295500 482442 315000 5138631 1 0 1 1 A 0 0 0 0 0.00010 0.00000 0.00010 0 0 1 A 0 1 0 0 0 1 BROOKLINE BANK 10.000000000000 0 0 0 0 1 A 1 X 1 25220 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 BOARD OF TRUSTEES MAINTAINS AN EXECUTIVE COMPENSATION COMMITTEE, WHICH IS CHAIRED BY AN INDEPENDENT DIRECTOR AND INCLUDES THE CHAIR OF THE BOARD. THE COMMITTEE MEETS PERIODICALLY TO REVIEW SENIOR LEADERSHIP COMPENSATION, PARTICULARLY AT THE TIME OF HIRING, AND IS ALSO RESPONSIBLE FOR CONDUCTING PRESIDENTIAL PERFORMANCE REVIEWS. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE YEARLY ACCOMPLISHMENTS OF THE COLLEGE UNDER THE LEADERSHIP OF THE PRESIDENT, ALONG WITH RELEVANT COMPENSATION INFORMATION, INCLUDING EXTERNAL SALARY SURVEYS. COMPENSATION RECOMMENDATIONS ARE PRESENTED TO THE CHAIR OF THE BOARD FOR APPROVAL. REVIEWS BY AN INDEPENDENT COMPENSATION CONSULTANT ARE PERFORMED PERIODICALLY. AN OUTSIDE FIRM WAS ENGAGED TO CONDUCT A COMPENSATION STUDY, WHICH WAS USED IN DETERMINING THE SALARY OF THE NEW PRESIDENT. THIS STUDY WAS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT'S COMPENSATION IS APPROVED BY INDEPENDENT PERSONS AND DOCUMENTED CONTEMPORANEOUSLY. COMPENSATION FOR KEY EMPLOYEES OF THE COLLEGE IS REVIEWED INTERNALLY AND ANNUALLY, UTILIZING A PEER INSTITUTION LIST OF COMPARABLE COLLEGES AND DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) 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: LOSS ON EXTINGUISHMENT OF DEBT -276,014. LOSS ON SWAP -1,743,720.