Dean College
92% goes to programs $36 to raise $100 Strong reserves
Dean College is a 501(c)(3) organization based in Franklin, Massachusetts, registered in 1946, with $73,761,720 in FY2024 revenue. CharityIndex grades it B+, and it directs about 92% of spending to programs.
99 Main St, Franklin, MA, 02038 EIN 04-2104149 Since 1946
Revenue (FY2024)
$73.8M
▲ 2.3% vs prior year
Education median: $200K
Expenses (FY2024)
$75.9M
Net assets
$68.9M
Employees
736
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating92% to programs · $36 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Dean College: 92% to programs · $36 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating11 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dean College: 11 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dean College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dean College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
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.
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.
Contact & location
- Address
- 99 Main St, Franklin, MA, 02038
- City
- Franklin
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $54.6M (FY2013) to $73.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.4MNet assets $68.9M
Operating margin
-2.9%
Spent more than it raised in the latest fiscal year.
Total assets
$117.3M
Total liabilities
$48.4M
Net assets
$68.9M
Salaries & benefits
$21.4M
28% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,761,720▲2.3% | $75,874,545▼0.6% | $68,906,724▼1.6% | $117,337,692▲2.8% | 990 |
| 2023 | $72,076,703▲0.9% | $76,347,380▲0.5% | $70,057,457▲7.7% | $114,178,261▲0.2% | 990 |
| 2022 | $71,441,705▼7.7% | $75,965,101▼1.9% | $65,042,159▼4.1% | $113,932,349▼3.0% | 990 |
| 2021 | $77,417,313▲22.2% | $77,456,581▲27.4% | $67,847,114▼0.8% | $117,492,231▼1.4% | 990 |
| 2020 | $63,346,300▼9.8% | $60,802,935▼9.4% | $68,392,797▲32.4% | $119,133,520▲6.8% | 990 |
| 2019 | $70,220,652▲1.5% | $67,081,616▼1.0% | $51,655,162▲1.8% | $111,553,669▲9.8% | 990 |
| 2018 | $69,187,313▼0.2% | $67,735,891▲6.1% | $50,726,693▼2.0% | $101,580,246▼1.0% | 990 |
| 2017 | $69,299,769▲11.5% | $63,868,494▲1.8% | $51,743,551▲9.3% | $102,654,413▲2.0% | 990 |
| 2016 | $62,139,745▲4.9% | $62,708,813▲4.4% | $47,341,674▲11.4% | $100,656,029▲3.4% | 990 |
| 2015 | $59,241,516▲2.3% | $60,048,538▲5.4% | $42,511,642▼8.7% | $97,339,052▲0.5% | 990 |
| 2014 | $57,930,653▲6.2% | $56,996,376▲4.5% | $46,587,157▼0.7% | $96,850,649▲0.4% | 990 |
| 2013 | $54,555,851 | $54,559,706▲5.7% | $46,905,372▲5.7% | $96,463,598▲7.5% | 990 |
| 2012 | — | $51,619,309▲5.8% | $44,366,842▲14.0% | $89,755,062▲10.2% | 990 |
| 2011 | — | $48,787,650▲8.8% | $38,903,556▼11.3% | $81,469,596▲3.6% | 990 |
| 2010 | — | $44,830,350▲15.0% | $43,851,003▲7.7% | $78,642,999▲2.8% | 990 |
| 2009 | — | $38,984,312 | $40,700,216 | $76,527,444 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kenneth Elmore Jd — $512,282 (0.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kenneth Elmore Jd | President (until 05/19/24) | 55 | $512,282 |
| Mark Boyce | Interim President (until 05/11/25) | 55 | $253,829 |
| Sandra Cain | Executive Vice President & Secretary | 50 | $199,055 |
| Jennifer Kelly | Vp of Marketing (until 08/14/24) | 50 | $195,488 |
| Scott Sibley | Vp of Academic Affairs | 50 | $195,064 |
| Darrell Kulesza | Interim President (as of 05/12/25) | 55 | $192,950 |
| Thomas Pistorino Until 81424 | Vp Financial Services & Treasurer | 50 | $192,174 |
| Paul Vaccaro | Vp of Enrollment Services | 50 | $173,178 |
| Kathleen Mcguire | Special Assistant To the President | 50 | $166,763 |
| William Ingram | Dean, School of Business | 50 | $148,102 |
| Andrea Adams | Vp of Human Resources | 50 | $143,311 |
| Basil Stewart As of 102124 | Vp For Financial Services & Treasurer | 50 | $35,013 |
| Beth Rossi | Trustee | 1 | — |
| Christopher Hennessey | Trustee | 1 | — |
| Eric Lee | Trustee (until 05/09/25) | 1 | — |
| Gregory O'brien | Vice Chairman | 2 | — |
| Jeffrey P Cohen | Trustee | 1 | — |
| John Leiendecker | Chairman | 2 | — |
| Lisa Freudenheim | Trustee (until 06/16/24) | 1 | — |
| Martin Parquette | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Food Service | $2,873,382 |
| Harvard Maintenance LLC | Custodial | $1,421,160 |
| Sodexo Inc & Affiliates | Food Service | $701,230 |
| Brightview Landscapes LLC | Landscaping | $584,410 |
| Ws Aiken Inc | Contractor - Roofing | $506,748 |
Grants received · $702K total
35 grants to Dean College totaling $702K, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Dean College a legitimate nonprofit?
- Yes. Dean College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2104149, based in Franklin, Massachusetts. Donations are tax-deductible.
- What is Dean College's EIN?
- Dean College's Employer Identification Number (EIN) is 04-2104149.
- How much revenue does Dean College report?
- Dean College reported $73,761,720 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Dean College's spending goes to programs?
- Dean College spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Dean College have?
- CharityIndex grades Dean College B+, based on program efficiency and fundraising cost.
- How much does Dean College's highest-paid employee make?
- The highest reported compensation on Dean College's latest Form 990 is $512,282, paid to Kenneth Elmore Jd (President (until 05/19/24)).
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Data for Dean College (EIN 04-2104149) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.