Civic Intelligence

Dean College

990 • Fiscal year 2017 • EIN 04-2104149

Jun 01, 2016 to May 31, 2017 • Filed on Apr 03, 2018

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

0.53x

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

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.86x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

27th percentile

-0.9%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

64th percentile

$634,475

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

38th percentile

3.4%

Faster asset growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.9%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$100,656,029

Up $3,316,977 (+3.4%) from 2016

Net Assets

Up

$47,341,674

Up $4,830,032 (+11%) from 2016

Liabilities

Down

$53,314,355

Down $1,513,055 (-2.8%) from 2016

Revenue

Up

$62,139,745

Up $2,898,229 (+4.9%) from 2016

Expenses

Up

$62,708,813

Up $2,660,275 (+4.4%) from 2016

Net Income

Up

-$569,068

Up $237,954 (+29%) from 2016

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: $70,057,4572024Assets 2025: $117,337,692Liabilities 2025: $48,430,968Net Assets 2025: $68,906,7242025

Highlighted filing

2017

Assets$100,656,029
Liabilities$53,314,355
Net Assets$47,341,674

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: -$4,270,6772024Revenue 2025: $73,761,720Expenses 2025: $75,874,545Net Income 2025: -$2,112,8252025

Highlighted filing

2017

Revenue$62,139,745
Expenses$62,708,813
Net Income-$569,068
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 3, 2018
Return Version
2016v3.0
Gross Receipts
$63,795,756
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 New England college grounded in a culture and tradition that all students deserve the opportunity for academic and personal success. A uniquely supportive community for more than 150 years, Dean has woven together extensive student support and engagement with exceptional teaching and innovative campus activities. Our graduates are lifetime learners who thrive in their careers, embrace social responsibility and demonstrate leadership. This is The Dean difference.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$53,351,291$51,271,114▼ $2,080,177
Investments in Publicly Traded Securities$21,064,103$23,797,752▲ $2,733,649
Investments Other Securities$16,120,422$18,227,564▲ $2,107,142
Cash and Non-Interest-Bearing Accounts$3,840,979$4,611,961▲ $770,982
Other Notes and Loans Receivable, Net$1,222,523$1,199,944▼ $22,579
Accounts Receivable$517,406$489,604▼ $27,802
Prepaid Expenses and Deferred Charges$260,149$297,419▲ $37,270
Pledges and Grants Receivable$193,179$244,263▲ $51,084
Savings and Temporary Cash Investments$278,241$45,058▼ $233,183
Total Assets$97,339,052$100,656,029▲ $3,316,977
Other Assets Total$490,759$471,350▼ $19,409
Liabilities
Tax Exempt Bond Liabilities$42,724,417$41,704,424▼ $1,019,993
Other Liabilities$7,796,935$6,242,537▼ $1,554,398
Accounts Payable and Accrued Expenses$3,388,578$4,298,597▲ $910,019
Deferred Revenue$917,480$1,068,797▲ $151,317
Total Liabilities$54,827,410$53,314,355▼ $1,513,055
Net Assets / Fund Balance
Unrestricted Net Assets$28,628,246$32,778,202▲ $4,149,956
Temporarily Rstr Net Assets$7,302,440$7,846,094▲ $543,654
Permanently Rstr Net Assets$6,580,956$6,717,378▲ $136,422
Total Net Assets Fund Balance$42,511,642$47,341,674▲ $4,830,032
Total Liabilities and Net Assets / Fund Balance$97,339,052$100,656,029▲ $3,316,977

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,427,522$36,123,403$78,550,925
Equipment$2,686,705$8,451,237$11,137,942
Other Land Buildings$5,293,892$2,368,910$7,662,802
Land$862,995-$862,995
Other Securities$10,626,111--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$37,073,172$1,899,820▲ $4,539,174-$41,661,842
2015$39,078,741$1,670,139▼ $1,940,822-$37,073,172
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
dr Paula m RooneypresidentFT$387,893$246,582$634,475
Cindy KozilVice PresidentFT$172,202$52,905$225,107
Daniel ModelaneVP & treasurerFT$160,637$53,857$214,494
DARRELL KULEsZAVice PresidentFT$161,902$49,871$211,773
Michael FishbeinVice PresidentFT$160,287$51,122$211,409
coleen resnickvice PresidentFT$155,815$52,863$208,678
gary convertinoVice PresidentFT$149,359$50,433$199,792

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Inc & AffiliatesFood Service9801 Washington Blvd, Gaithersburg, MD 20878$2,893,611
TeamOps LLCSecurityOne Patriot Place, Foxborough, MA 02035$990,601
Harvard Maintenance LLCCustodial800 West Cummings Park Ste 1850, woburn, MA 01801$937,783
BrightView Landscapes LLCLandscaping401 Plymouth Rd Suite 500, Plymouth Meeting, PA 19462$525,258
Royall & CompanyEnrollment1920 E Parham Rd, Richmond, VA 23229$396,084
Revenue and Support

Revenue Composition

Contributions and Grants
$1,416,477
Program Service Revenue
$59,996,575
Investment Income
$716,782
Other Revenue
$9,911
All Other Contributions
$1,136,048
Change in Net Assets
$-569,068

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
Other Non Cash Contri Table64$76,523Fair Market Value (FMV) on date of gift
Securities Publicly Traded11$72,890Fair Market Value (FMV) on date of gift
Total Noncash Contributions75$149,413-

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,761,297
Revenue Not Reported on Financial Statements
$22,378,448
Revenue Not Reported on Form 990
$5,433,085
Other Revenue Adjustments
$22,378,448
Total Revenue per Audited Statements
$45,194,382
Total Revenue per Form 990
$62,139,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,378,448
Other Expenses$21,767,878
Salaries, Compensation, and Employee Benefits$18,545,158
Total Fundraising Expense$1,642,280
Professional Fundraising Fees$17,329

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,330,348--$22,330,348
Other Salaries and Wages$11,745,597$1,451,677$651,778$13,849,052
Occupancy$6,303,503$127,658$49,028$6,480,189
Depreciation Depletion$3,627,228$197,964$106,596$3,931,788
Fees for Services Other$1,856,229$400,129$265,355$2,521,713
Other Employee Benefits$1,602,508$189,380$108,299$1,900,187
Advertising$1,506,774$291,663-$1,798,437
Information Technology$1,295,769$114,640$61,729$1,472,138
Office Expenses$1,123,648$183,148$131,758$1,438,554
Payroll Taxes$834,656$107,645$54,725$997,026
Pension Plan Contributions$742,874$62,711$46,730$852,315
Current Officers, Directors, Trustees, and Key Employees-$690,775$122,723$813,498
Travel$191,544$32,401$18,405$242,350
Insurance$7,895$228,715-$236,610
Other Expenses$208,603$161,750$7,825$161,750
Comp Disqual Persons$133,080--$133,080
Fees for Services Legal-$122,730-$122,730
Fees for Services Accounting-$104,600-$104,600
Foreign Grants$48,100--$48,100
Fees for Services Professional Fundraising--$17,329$17,329
Total Functional Expenses$56,584,413$4,482,120$1,642,280$62,708,813

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$62,708,813
Total Expenses per Audited Statements$40,364,350
Expenses per Audited Statements$40,330,365
Expenses Not Reported on Financial Statements$22,378,448
Other Expense Adjustments$22,378,448
Expenses Not Reported on Form 990$33,985
International Activity

International Summary

Offices
0
Employees
0
Spending
$3,987,165

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbeaninvesting-00$3,987,165
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,895
Professional Fundraising Fees$17,329
Fundraising Direct Expenses$17,230

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$89,850$22,895-$22,895
Total Events$89,850$22,895$17,230$5,665
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 DEAN OF THE SCHOOL OF BUSINESS at the College. His total compensation is comensurate with other SCHOOL DEANS at his rank.No$133,080
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
obligations under interest rate swap contracts$5,213,664
refundable advances$1,028,873

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
CMass Development Finance Agency2015-09-03$4,500,000Purchase of condomium for student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,400,000$8,023,148-$230,497
B$14,400,000--$146,560
C$4,500,000--$76,500

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 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 President's compensation was reviewed using an independent analyses. 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 2016-17 fiscal and academic years. 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 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, confilct of interest policy and financial statements are available upon request. Additionally, the Form 990 and audited financial statements are availavle 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
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr paula M rooney
Formed
1865
Legal Domicile
Ma
Voting Board Members
23
Independent Board Members
22
Employees
775
Volunteers
150

Preparer

Firm
Cbiz Mhm LLC
Address
500 Boylston Street, Boston, MA 02116
Preparer
Brenda L Booth
Phone
6177610600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

gain on interest rate swap contract 1,573,148.

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 17,230. gain on interest rate swap contract 1,573,148. rental expenses 16,755.

Part XI, Line 4B - Other Adjustments:

student Financial Aid 22,378,448.

Part XII, Line 2D - Other Adjustments:

Golf outing expenses 17,230. rental expenses 16,755.

Part XII, Line 4B - Other Adjustments:

student financial aid 22,378,448.

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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/Desc0Instruction: The College had full time enrollment of 1,144 and part-time enrollment of 177. The students are from all over the United States and numerous foreign countries. The College offers 21 Associate and 13 Bachelor Degrees.
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IRS990/Form990PartVIISectionAGrp/PersonNm14David Hoffis
IRS990/Form990PartVIISectionAGrp/PersonNm15Michael Jones
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IRS990/Form990PartVIISectionAGrp/PersonNm19Theresa Robbins
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IRS990/Form990PartVIISectionAGrp/PersonNm22Gregory O'Brien
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IRS990/Form990PartVIISectionAGrp/TitleTxt23vp & treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt27Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt28vice President
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$117$48.4$68.9$73.8$75.9$2.11
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