DEAN COLLEGE

EIN: 042104149 501(c)(3) Education

FRANKLIN, MA

Total Revenue
$73,761,720
Total Expenses
$75,874,545
Total Assets
$117,337,692
Net Assets
$68,906,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1865
Legal Domicile
MA
Principal Officer
DARRELL KULESZA
Phone
5085411615
Tax Period
2024-06-01 to 2025-05-31

DEAN COLLEGE, founded in 1865, is a mid-sized nonprofit in the Education sector that reported $73.8M in total revenue in fiscal year 2024.

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.

Program Service Accomplishments

Program 1
Expenses: $32,877,184 Revenue: $49,518,892

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...

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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.

Program 2
Expenses: $19,170,830 Revenue: $18,933,728

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...

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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.

Program 3
Expenses: $13,760,853 Revenue: $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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,758,460
Program Service Revenue $68,452,620
Investment Income $3,534,116
Other Revenue $16,524
TOTAL REVENUE $73,761,720

Expense Breakdown

Grants Paid $31,605,271
Salaries & Benefits $21,429,733
Fundraising Expenses $638,982
Program Expenses $70,165,591
Other Expenses $22,839,541
TOTAL EXPENSES $75,874,545

Year-over-Year Comparison

2024 2023 Change
Revenue $73,761,720 $72,076,703 +0.0%
Expenses $75,874,545 $76,347,380 0.0%
Net Income $-2,112,825 $-4,270,677 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
736
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,143,284
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LEIENDECKER CHAIRMAN 2.00
Officer Director
$0 $0 $0
GREGORY O'BRIEN VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
JEFFREY P COHEN TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER HENNESSEY TRUSTEE 1.00
Director
$0 $0 $0
STEVE LINCOLN TRUSTEE 1.00
Director
$0 $0 $0
MARTIN PARQUETTE TRUSTEE 1.00
Director
$0 $0 $0
MELISSA SMITH TRUSTEE 1.00
Director
$0 $0 $0
SCOTT COLWELL TRUSTEE 1.00
Director
$0 $0 $0
RICHARD SULLIVAN TRUSTEE 1.00
Director
$0 $0 $0
SCOTT WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
BETH ROSSI TRUSTEE 1.00
Director
$0 $0 $0
RODNEY ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
ERIC LEE TRUSTEE (UNTIL 05/09/25) 1.00
Director
$0 $0 $0
LISA FREUDENHEIM TRUSTEE (UNTIL 06/16/24) 1.00
Director
$0 $0 $0
MARK BOYCE INTERIM PRESIDENT (UNTIL 05/11/25) 55.00
Officer
$253,829 $0 $253,829
THOMAS PISTORINO UNTIL 81424 VP FINANCIAL SERVICES & TREASURER 50.00
Officer
$192,174 $22,109 $214,283
SANDRA CAIN EXECUTIVE VICE PRESIDENT & SECRETARY 50.00
Officer
$199,055 $25,199 $224,254
KATHLEEN MCGUIRE SPECIAL ASSISTANT TO THE PRESIDENT 50.00
Officer
$166,763 $13,443 $180,206
BASIL STEWART AS OF 102124 VP FOR FINANCIAL SERVICES & TREASURER 50.00
Officer
$35,013 $0 $35,013
DARRELL KULESZA INTERIM PRESIDENT (AS OF 05/12/25) 55.00
Officer
$192,950 $42,749 $235,699
JENNIFER KELLY VP OF MARKETING (UNTIL 08/14/24) 50.00
Highest
$195,488 $33,782 $229,270
SCOTT SIBLEY VP OF ACADEMIC AFFAIRS 50.00
Highest
$195,064 $30,984 $226,048
PAUL VACCARO VP OF ENROLLMENT SERVICES 50.00
Highest
$173,178 $38,493 $211,671
ANDREA ADAMS VP OF HUMAN RESOURCES 50.00
Highest
$143,311 $28,820 $172,131
WILLIAM INGRAM DEAN, SCHOOL OF BUSINESS 50.00
Highest
$148,102 $12,200 $160,302
KENNETH ELMORE JD PRESIDENT (UNTIL 05/19/24) 55.00
$512,282 $30,431 $542,713
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $73,761,720 $75,874,545 $117,337,692 $-2,112,825
2024 $72,076,703 $76,347,380 $114,178,261 $-4,270,677
2023 $71,441,705 $75,965,101 $113,932,349 $-4,523,396
2022 $77,417,313 $77,456,581 $117,492,231 $-39,268
2021 $63,346,300 $60,802,935 $119,133,520 $2,543,365
2020 $70,220,652 $67,081,616 $111,553,669 $3,139,036
2019 $69,187,313 $67,735,891 $101,580,246 $1,451,422
2018 $69,299,769 $63,868,494 $102,654,413 $5,431,275
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