Dean College
- Assets
- $117.5m
- Revenue
- $77.4m
- Investments
- $14.6m
- Employees
- 687
- Location
- Franklin, MA
- Founding
- 09/1946
- Data as of
- 05/2022
- EIN
- 04-2104149
Organization Overview
Dean College is located in Franklin, MA. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Dean College employed 687 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dean College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Dean College generated $77.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $77.5m during the year ending 05/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
INSTRUCTION: THE COLLEGE HAD FULL TIME ENROLLMENT OF 1,121 AND PART-TIME ENROLLMENT OF 89. THE STUDENTS ARE FROM ALL OVER THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES. THE COLLEGE OFFERS 18 ASSOCIATE AND 18 BACHELOR DEGREES.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paula M Rooney President | OfficerTrustee | 55 | $728,773 |
Daniel Modelane VP & Treasurer | OfficerTrustee | 50 | $243,751 |
Cindy Kozil Vice President | 50 | $235,812 | |
Coleen Resnick Vice President | 50 | $224,417 | |
Darrell Kulesza Vice President | 50 | $218,005 | |
Gregory Chalk Vice President | 50 | $194,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Service | 5/30/22 | $2,509,648 |
Teamops Llc Security | 5/30/22 | $991,640 |
Inhouse Physicians Testing Services | 5/30/22 | $868,582 |
Brightview Landscapes Llc Landscaping | 5/30/22 | $701,633 |
Harvard Maintenance Llc Cleaning Services | 5/30/22 | $1,371,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,949 |
| Related organizations | $0 |
| Government grants | $5,920,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,557,091 |
| Noncash contributions included in lines 1a–1f | $118,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,528,594 |
| Total Program Service Revenue | $66,481,157 |
| Investment income | $678,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,722,798 |
| Net Income from Fundraising Events | $5,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,417,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,250,046 |
| Grants and other assistance to Foreign Orgs/Individuals | $47,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $932,066 |
| Compensation of current officers, directors, key employees. | $439,903 |
| Compensation to disqualified persons | $177,498 |
| Other salaries and wages | $16,192,789 |
| Pension plan accruals and contributions | $838,193 |
| Other employee benefits | $2,183,854 |
| Payroll taxes | $1,090,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,722 |
| Fees for services: Accounting | $107,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,133,606 |
| Advertising and promotion | $1,998,746 |
| Office expenses | $1,352,839 |
| Information technology | $2,090,657 |
| Royalties | $0 |
| Occupancy | $5,766,890 |
| Travel | $145,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,624,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,966,505 |
| Insurance | $541,298 |
| All other expenses | $507,671 |
| Total functional expenses | $77,456,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,339 |
| Savings and temporary cash investments | $675,502 |
| Pledges and grants receivable | $330,524 |
| Accounts receivable, net | $2,824,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $262,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $627,909 |
| Net Land, buildings, and equipment | $47,353,850 |
| Investments—publicly traded securities | $49,405,054 |
| Investments—other securities | $14,637,059 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $887,288 |
| Total assets | $117,492,231 |
| Accounts payable and accrued expenses | $5,346,297 |
| Grants payable | $0 |
| Deferred revenue | $1,292,513 |
| Tax-exempt bond liabilities | $36,438,779 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,567,528 |
| Total liabilities | $49,645,117 |
| Net assets without donor restrictions | $49,396,121 |
| Net assets with donor restrictions | $18,450,993 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $117,492,231 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Dean College has recieved totaling $372,413.
| Awarding Organization | Amount |
|---|---|
Terrapin Station Foundation Boston, MA PURPOSE: GENERAL | $250,000 |
Ferguson Family Foundation Inc Fairfield, CT PURPOSE: ARCH PROGRAM CAREER ADVISOR FUND | $25,000 |
Orr Family Foundation Saratoga, CA PURPOSE: GENERAL FUND | $25,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $17,500 |
Kokes Family Foundation Brielle, NJ PURPOSE: DONATION | $15,000 |
Urann Foundation Dallas, TX PURPOSE: SCHOLARSHIPS | $8,000 |
Endowment Analysis
| Beg. Balance | $62,005,198 |
| Earnings | -$501,419 |
| Net Contributions | $5,423,323 |
| Grants | $2,371,800 |
| Ending Balance | $64,555,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Year Up Inc Boston, MA | $226,416,191 | $179,315,305 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |