Civic Intelligence

Dean College

990 • Fiscal year 2015 • EIN 04-2104149

Jun 01, 2014 to May 31, 2015 • Filed on Apr 12, 2016

99 Main StreetFranklin, MA 02038

(508) 541-1615

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.52x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.87x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

39th percentile

1.6%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

42nd percentile

0.4%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

57th percentile

6.2%

Faster revenue growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$96,850,649

Up $387,051 (+0.4%) from 2014

Net Assets

Down

$46,587,157

Down $318,215 (-0.7%) from 2014

Liabilities

Up

$50,263,492

Up $705,266 (+1.4%) from 2014

Revenue

Up

$57,930,653

Up $3,374,802 (+6.2%) from 2014

Expenses

Up

$56,996,376

Up $2,436,670 (+4.5%) from 2014

Net Income

Up

$934,277

Up $938,132 (+24335%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $76,527,444Liabilities 2010: $35,827,228Net Assets 2010: $40,700,2162010Assets 2011: $78,642,999Liabilities 2011: $34,791,996Net Assets 2011: $43,851,0032011Assets 2012: $81,469,596Liabilities 2012: $42,566,040Net Assets 2012: $38,903,5562012Assets 2013: $89,755,062Liabilities 2013: $45,388,220Net Assets 2013: $44,366,8422013Assets 2014: $96,463,598Liabilities 2014: $49,558,226Net Assets 2014: $46,905,3722014Assets 2015: $96,850,649Liabilities 2015: $50,263,492Net Assets 2015: $46,587,1572015Assets 2016: $97,339,052Liabilities 2016: $54,827,410Net Assets 2016: $42,511,6422016Assets 2017: $100,656,029Liabilities 2017: $53,314,355Net Assets 2017: $47,341,6742017Assets 2018: $102,654,413Liabilities 2018: $50,910,862Net Assets 2018: $51,743,5512018Assets 2019: $101,580,246Liabilities 2019: $50,853,553Net Assets 2019: $50,726,6932019Assets 2020: $111,553,669Liabilities 2020: $59,898,507Net Assets 2020: $51,655,1622020Assets 2021: $119,133,520Liabilities 2021: $50,740,723Net Assets 2021: $68,392,7972021Assets 2022: $117,492,231Liabilities 2022: $49,645,117Net Assets 2022: $67,847,1142022Assets 2023: $113,932,349Liabilities 2023: $48,890,190Net Assets 2023: $65,042,1592023Assets 2024: $114,178,261Liabilities 2024: $44,120,804Net Assets 2024: $70,057,4572024

Highlighted filing

2015

Assets$96,850,649
Liabilities$50,263,492
Net Assets$46,587,157

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $38,984,3122010Expenses 2011: $44,830,3502011Expenses 2012: $48,787,6502012Revenue 2013: $56,133,562Expenses 2013: $51,619,309Net Income 2013: $4,514,2532013Revenue 2014: $54,555,851Expenses 2014: $54,559,706Net Income 2014: -$3,8552014Revenue 2015: $57,930,653Expenses 2015: $56,996,376Net Income 2015: $934,2772015Revenue 2016: $59,241,516Expenses 2016: $60,048,538Net Income 2016: -$807,0222016Revenue 2017: $62,139,745Expenses 2017: $62,708,813Net Income 2017: -$569,0682017Revenue 2018: $69,299,769Expenses 2018: $63,868,494Net Income 2018: $5,431,2752018Revenue 2019: $69,187,313Expenses 2019: $67,735,891Net Income 2019: $1,451,4222019Revenue 2020: $70,220,652Expenses 2020: $67,081,616Net Income 2020: $3,139,0362020Revenue 2021: $63,346,300Expenses 2021: $60,802,935Net Income 2021: $2,543,3652021Revenue 2022: $77,417,313Expenses 2022: $77,456,581Net Income 2022: -$39,2682022Revenue 2023: $71,441,705Expenses 2023: $75,965,101Net Income 2023: -$4,523,3962023Revenue 2024: $72,076,703Expenses 2024: $76,347,380Net Income 2024: -$4,270,6772024

Highlighted filing

2015

Revenue$57,930,653
Expenses$56,996,376
Net Income$934,277
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 12, 2016
Return Version
2014v6.0
Gross Receipts
$58,549,687
Mission and Program Overview

Mission

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.

Dean college is a private, residential college that creates and cultivates an environment of academic and personal success. The dean difference provides students with quality teaching, personalized academic support, leadership opportunities and professional development promoting a lifetime of learning and achievement. Our students demonstrate community and social responsibility, high standards of personal integrity and the ability to thrive in a global environment where change is constant and dramatic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$50,149,825$48,644,914▼ $1,504,911
Investments in Publicly Traded Securities$22,525,866$23,189,841▲ $663,975
Investments Other Securities$15,891,965$16,458,592▲ $566,627
Cash and Non-Interest-Bearing Accounts$4,572,065$3,917,778▼ $654,287
Other Notes and Loans Receivable, Net$1,438,524$1,336,058▼ $102,466
Pledges and Grants Receivable$359,252$411,859▲ $52,607
Accounts Receivable$350,412$399,844▲ $49,432
Prepaid Expenses and Deferred Charges$411,148$341,308▼ $69,840
Savings and Temporary Cash Investments$54,631$80,422▲ $25,791
Total Assets$96,496,479$96,850,649▲ $354,170
Other Assets Total$742,791$2,070,033▲ $1,327,242
Liabilities
Tax Exempt Bond Liabilities$40,414,323$39,547,143▼ $867,180
Other Liabilities$5,579,566$6,917,244▲ $1,337,678
Accounts Payable and Accrued Expenses$2,628,468$2,855,291▲ $226,823
Deferred Revenue$968,750$943,814▼ $24,936
Total Liabilities$49,591,107$50,263,492▲ $672,385
Net Assets / Fund Balance
Unrestricted Net Assets$32,960,027$32,325,223▼ $634,804
Temporarily Rstr Net Assets$7,645,162$7,832,932▲ $187,770
Permanently Rstr Net Assets$6,300,183$6,429,002▲ $128,819
Total Net Assets Fund Balance$46,905,372$46,587,157▼ $318,215
Total Liabilities and Net Assets / Fund Balance$96,496,479$96,850,649▲ $354,170

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,670,382$30,582,493$72,252,875
Equipment$2,594,797$15,443,334$18,038,131
Other Land Buildings$3,956,469$1,528,197$5,484,666
Land$423,266-$423,266
Other Securities$9,509,082--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$38,056,605$1,592,758▲ $959,268-$39,078,741
2013$29,969,432$5,954,096▲ $3,499,559-$38,056,605
2012$26,679,901$830,337▲ $3,738,411-$29,969,432
2011$28,313,263$1,790,280▼ $2,232,089-$26,679,901
2010$24,729,999$299,882▲ $4,477,173-$28,313,263
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Paula M RooneyPresidentFT$361,250$235,655$596,905
Daniel ModelaneVP & TreasurerFT$153,837$42,454$196,291
Cindy KozilVice PresidentFT$153,352$42,003$195,355
Darrell KulezaVice PresidentFT$154,813$38,917$193,730
John MarcusVice PresidentFT$158,560$25,081$183,641
Coleen ResnickVice PresidentFT$137,165$41,074$178,239
Gary ConvertinoVice PresidentFT$129,450$27,689$157,139

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Conover Advertising CompanyMarketing77 NORTH WASHINGTON ST, Boston, MA 02144$310,236
Creative Communication AssocAdvertising16 SAGE ESTATE, Albany, NY 12204$264,501
Ferrelli Information GroupTechnology414 WEST STATE ST, Media, PA 19063$197,533
Ne Professional ServiceMailingPO BOX 6002, Holliston, MA 01746$169,930
Milford Regional MedicalMedical14 PROSPECT ST, Milford, MA 01757$151,601
Revenue and Support

Revenue Composition

Contributions and Grants
$1,947,702
Program Service Revenue
$53,866,794
Investment Income
$847,685
Other Revenue
$1,268,472
All Other Contributions
$1,667,031
Change in Net Assets
$934,277

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$353,165Fair Market Value (FMV) on Date of Gift
Other Non Cash Contri Table37$15,503Fair Market Value (FMV) on Date of Gift
Total Noncash Contributions49$368,668-

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,018,183
Revenue Not Reported on Financial Statements
$19,912,470
Revenue Not Reported on Form 990
$-1,206,877
Other Revenue Adjustments
$19,912,470
Total Revenue per Audited Statements
$36,811,306
Total Revenue per Form 990
$57,930,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,912,470
Other Expenses$19,793,403
Salaries, Compensation, and Employee Benefits$17,290,503
Total Fundraising Expense$1,419,091
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,912,470--$19,912,470
Other Salaries and Wages$11,504,025$1,150,643$587,399$13,242,067
Occupancy$6,564,224$126,403$44,576$6,735,203
Depreciation Depletion$3,273,437$167,596$90,244$3,531,277
Other Employee Benefits$1,342,473$134,174$81,502$1,558,149
Advertising$1,146,118$382,580-$1,528,698
Fees for Services Other$895,598$332,568$211,411$1,439,577
Information Technology$1,186,650$98,910$53,259$1,338,819
Office Expenses$935,264$218,170$143,689$1,297,123
Payroll Taxes$799,168$93,670$47,686$940,524
Pension Plan Contributions$707,693$52,989$40,439$801,121
Current Officers, Directors, Trustees, and Key Employees-$562,421$96,525$658,946
Travel$243,770$35,477$14,843$294,090
Insurance$6,077$220,892-$226,969
Fees for Services Accounting-$94,000-$94,000
Other Expenses$206,256$93,987$7,518$93,987
Comp Disqual Persons$89,696--$89,696
Fees for Services Legal-$71,547-$71,547
Fees for Services Lobbying-$19,500-$19,500
Total Functional Expenses$51,707,802$3,869,483$1,419,091$56,996,376

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$56,996,376
Total Expenses per Audited Statements$37,129,521
Expenses per Audited Statements$37,083,906
Expenses Not Reported on Financial Statements$19,912,470
Other Expense Adjustments$19,912,470
Expenses Not Reported on Form 990$45,615
International Activity

International Summary

Offices
0
Employees
0
Spending
$4,087,945

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investing-00$4,087,945
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,037
Fundraising Direct Expenses$21,654
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$92,234$25,037-$25,037
Total Events$92,234$25,037$21,654$3,383
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
P Gerard ShawFamily MemberP. 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.No$89,414
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Interest Rate Swap Contracts$5,814,797
Refundable Advances$1,102,447

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMass Development Finance Agency2008-06-11$28,400,000Refund 1999 bonds and construct a building addition
BMass Development Finance Agency2011-10-26$14,400,000Construction of a residential hall

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,400,000$8,023,148$2,710,000$230,497
B$14,400,000-$542,857$146,560

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

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 president's compensation was reviewed using an independent analysis. 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 2014-15 fiscal and academic years. The studies relied on a peer-institution review of presidential compensation. The presidents compensation is approved by independent persons and documented 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, 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.

Filing and Contact Details

Filer

Filer Name
Dean College
EIN
04-2104149
Phone
5085411615
Address
99 MAIN STREET, FRANKLIN, MA 02038

Signing Officer

Name
Daniel Modelane
Title
VP & Treasurer
Phone
5085411615
Signed
2016-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Paula M Rooney
Formed
1865
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
23
Employees
804
Volunteers
150

Preparer

Firm
Cbiz Tofias
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Loss on interest rate swap contract -1,371,339.

Financial Statement Notes

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 21,654. Loss on interest rate swap contract -1,371,339. Rental expenses 23,961.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Student financial aid 19,912,470.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Golf outing expenses 21,654. Rental expenses 23,961.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Student financial aid 19,912,470.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0DEAN COLLEGE IS A PRIVATE, RESIDENTIAL COLLEGE THAT CREATES AND CULTIVATES AN ENVIRONMENT OF ACADEMIC AND PERSONAL SUCCESS. THE DEAN DIFFERENCE PROVIDES STUDENTS WITH QUALITY TEACHING, PERSONALIZED ACADEMIC SUPPORT, LEADERSHIP OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROMOTING A LIFETIME OF LEARNING AND ACHIEVEMENT. OUR STUDENTS DEMONSTRATE COMMUNITY AND SOCIAL RESPONSIBILITY, HIGH STANDARDS OF PERSONAL INTEGRITY AND THE ABILITY TO THRIVE IN A GLOBAL ENVIRONMENT WHERE CHANGE IS CONSTANT AND DRAMATIC.
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IRS990/Desc0INSTRUCTION: THE COLLEGE HAD FULL-TIME ENROLLMENT OF 1,069 AND PART-TIME ENROLLMENT OF 223. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 17 ASSOCIATE AND 9 BACHELOR DEGREES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE PRESIDENT
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$114$44.1$70.1$72.1$76.3$4.27
2023Detailed filing. Detailed filing data is available for this year.$114$48.9$65.0$71.4$76.0$4.52
2022Detailed filing. Detailed filing data is available for this year.$117$49.6$67.8$77.4$77.5$0.04
2021Detailed filing. Detailed filing data is available for this year.$119$50.7$68.4$63.3$60.8$2.54
2020Detailed filing. Detailed filing data is available for this year.$112$59.9$51.7$70.2$67.1$3.14
2019Detailed filing. Detailed filing data is available for this year.$102$50.9$50.7$69.2$67.7$1.45
2018Detailed filing. Detailed filing data is available for this year.$103$50.9$51.7$69.3$63.9$5.43
2017Detailed filing. Detailed filing data is available for this year.$101$53.3$47.3$62.1$62.7$0.57
2016Detailed filing. Detailed filing data is available for this year.$97.3$54.8$42.5$59.2$60.0$0.81
2015Detailed filing. Detailed filing data is available for this year.$96.9$50.3$46.6$57.9$57.0$0.93
2014Detailed filing. Detailed filing data is available for this year.$96.5$49.6$46.9$54.6$54.6$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.8$45.4$44.4$56.1$51.6$4.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$42.6$38.9$48.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.6$34.8$43.9$44.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$35.8$40.7$39.0
Peer Organizations

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