BABSON COLLEGE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BABSON COLLEGE (EIN 04-2103544)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202411359349309786
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T15:15:06-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MHM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 BOYLSTON STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103544 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BABS | BusinessNameControlTxt |
| Phone | 7812395298 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1Txt |
| City | BABSON PARK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024570310 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHERINE CRAVEN | PersonNm |
| Person Title | CAO/CFO | PersonTitleTxt |
| Phone | 7812395298 | PhoneNum |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KATHERINE | PersonFirstNm |
| Person Last | CRAVEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG KLEIN | PreparerPersonNm |
| PTIN | P00734640 | PTIN |
| Phone | 6177610600 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEPHEN SPINELLI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1Txt |
| City | BABSON PARK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024570310 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $566,210,784 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BABSON.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1919 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2,800 UNDERGRADUATE AND NEARLY 1,200 GRADUATE ENROLLMENT. OUR INNOVATIVE CURRICULA CHALLENGE STUDENTS TO THINK CREATIVELY AND ACROSS DISCIPLINARY BOUNDARIES. WE CULTIVATE THE WILLINGNESS TO TAKE AND MANAGE RISK, THE ABILITY TO ENERGIZE OTHERS TOWARD A GOAL, AND THE COURAGE TO ACT RESPONSIBLY. OUR STUDENTS UNDERSTAND THAT LEADERSHIP REQUIRES BOTH TECHNICAL KNOWLEDGE AND A SOPHISTICATED APPRECIATION OF INSTITUTIONS, SOCIETIES, CULTURES, AND THE SELF. THEY WELCOME THE CHALLENGE OF LEARNING CONTINUOUSLY AND TAKING RESPONSIBILITY FOR THEIR CAREERS. OUR STUDENTS WILL BE KEY CONTRIBUTORS IN ESTABLISHED ENTERPRISES AS WELL AS EMERGING VENTURES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 29 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 2266 | TotalEmployeeCnt |
| Total Volunteers | 1891 | TotalVolunteersCnt |
| Total Gross UBI | -$82,832 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $64,936,566 | PYContributionsGrantsAmt |
| CY Contributions Grants | $48,818,122 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $244,383,907 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $269,429,722 | CYProgramServiceRevenueAmt |
| PY Investment Income | $84,990,124 | PYInvestmentIncomeAmt |
| CY Investment Income | $22,533,869 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,308,853 | PYOtherRevenueAmt |
| CY Other Revenue | $3,232,658 | CYOtherRevenueAmt |
| PY Total Revenue | $397,619,450 | PYTotalRevenueAmt |
| CY Total Revenue | $344,014,371 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $58,741,380 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $62,386,411 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $124,241,316 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $138,954,324 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $11,436,951 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $97,982,080 | PYOtherExpensesAmt |
| CY Other Expenses | $104,123,351 | CYOtherExpensesAmt |
| PY Total Expenses | $280,964,776 | PYTotalExpensesAmt |
| CY Total Expenses | $305,464,086 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $116,654,674 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $38,550,285 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,081,136,455 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,116,080,345 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $262,968,455 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $249,328,947 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $818,168,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $866,751,398 | NetAssetsOrFundBalancesEOYAmt |
| Mission | BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO IMPACT COMMUNITIES EVERYWHERE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $262,708,597 | ExpenseAmt |
| Grant | $62,386,411 | GrantAmt |
| Revenue | $269,262,536 | RevenueAmt |
| Desc | BABSON COLLEGE ENROLLS APPROXIMATELY 2,800 UNDERGRADUATE AND NEARLY 1,200 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 80 COUNTRIES WORLDWIDE. THE COLLEGE OFFERS EDUCATION IN BUSINESS AND LIBERAL ARTS, AND IT GRANTS THE BACHELOR OF SCIENCE DEGREE THROUGH ITS UNDERGRADUATE PROGRAM. THE COLLEGE ALSO GRANTS MASTER OF BUSINESS ADMINISTRATION DEGREES AND CUSTOM MASTER OF SCIENCE DEGREES THROUGH THE F.W. OLIN GRADUATE SCHOOL OF BUSINESS AT BABSON COLLEGE. ADDITIONALLY, BABSON OFFERS DISTINCT EXECUTIVE EDUCATION PROGRAMS TO HELP COMPANIES REACH THEIR STRATEGIC GOALS. | Desc |
| Total Program Service Expenses | $262,708,597 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 390 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2266 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 29 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GAIL WILSON | PersonNm |
| Phone | 7812395692 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1Txt |
| City | BABSON PARK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024570310 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| STEPHEN SPINELLI | |||||||||
| PRESIDENT | 50.00 | 0.00 | Yes (X) | Yes (X) | $831,897 | $0 | $110,216 | ||
| HARSHA AGADI | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINE ANGELAKIS | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK BAIRD | |||||||||
| TRUSTEE (UNTIL 6/30/23) | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THE HONORABLE CRAIG BENSON | |||||||||
| VICE CHAIR, BOARD OF TRUSTEES | 1.20 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ETTORE V BIAGIONI | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW J BUTLER | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE CANNON | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CYRIL CAMUS | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY CHIASSON | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WARREN CROSS JR | |||||||||
| VICE CHAIR, BOARD OF TRUSTEES | 1.20 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RICHELIEU DENNIS JR | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEBORAH DE SANTIS | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG M DONALDSON | |||||||||
| TRUSTEE (UNTIL 10/21/22) | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRETT A GORDON | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE HERRING | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC JOHNSON | |||||||||
| VICE CHAIR, BOARD OF TRUSTEES | 1.20 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN JOHNSON | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| FRED SC KIANG | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL S LORBER | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WASI MAHI | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY MCLANE | |||||||||
| TREASURER | 1.20 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER MALONE | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RAMON MENDIOLA | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| GEOFFREY MOLSON | |||||||||
| TRUSTEE (UNTIL 3/16/23) | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFERY PERRY | |||||||||
| CHAIR, BOARD OF TRUSTEES | 1.20 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KENNETH G ROMANZI | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES A RULLO | |||||||||
| TRUSTEE | 1.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| SOMIA FARID SILBER | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA STRONG | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVIDE VISCO | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT E WEISSMAN | |||||||||
| TRUSTEE (UNTIL 4/4/23) | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL ZELCER | |||||||||
| TRUSTEE | 1.20 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHERINE CRAVEN | |||||||||
| CHIEF ADMIN./FINANCIAL OFFICER | 40.00 | 0.00 | Yes (X) | $531,608 | $0 | $34,263 | |||
| KENICHI MATSUNO | |||||||||
| VP ACADEMIC AFFAIRS & DEAN | 40.00 | 0.00 | Yes (X) | $408,772 | $0 | $34,252 | |||
| MICHAEL LAYISH | |||||||||
| SECRETARY & CLERK | 40.00 | 0.00 | Yes (X) | $276,646 | $0 | $72,170 | |||
| JAY RAO | |||||||||
| PROFESSOR | 40.00 | 0.00 | $483,510 | $0 | $62,516 | Yes (X) | |||
| RICHARD BLISS | |||||||||
| PROFESSOR | 40.00 | 0.00 | $503,840 | $0 | $45,506 | Yes (X) | |||
| D R WIDDER | |||||||||
| VP OF INNOVATION | 40.00 | 0.00 | $428,323 | $0 | $64,089 | Yes (X) | |||
| KELLY LYNCH | |||||||||
| SENIOR VICE PRESIDENT | 40.00 | 0.00 | $512,455 | $0 | $36,443 | Yes (X) | |||
| BEN CHEVRETTE | |||||||||
| VICE PRESIDENT, DEVELOPMENT | 40.00 | 0.00 | $387,934 | $0 | $63,296 | Yes (X) | |||
| EDWARD CHIU | |||||||||
| SR. VP OF ADVANCEMENT. SEE SCH. O. | 40.00 | 0.00 | $767,077 | $0 | $91,572 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,132,062 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $614,323 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 379 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WILEY EDU LLC | |||||
| 1415 WEST 22N STREET SUITE 500 | OAK BROOK | IL | 605232084 | ADVERTISING | $2,913,698 |
| ASPIRE TECHNOLOGY PARTNERS LLC | |||||
| PO BOX 789172 | PHILADELPHIA | PA | 191789172 | IT CONSULTING | $533,670 |
| HURON CONSULTING SERVICES LLC | |||||
| 550 WEST VAN BUREN STREET | CHICAGO | IL | 60607 | CONSULTING | $504,083 |
| BEACON HILL STAFFING GROUP LLC | |||||
| 152 BOWDOIN STREET | BOSTON | MA | 02108 | STAFFING | $477,342 |
| HH RUSSELL CONSULTING LLC | |||||
| 3112 WINDSOR ROAD 102 | AUSTIN | TX | 787032350 | CONSULTING | $319,418 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 21 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,212,988 | GovernmentGrantsAmt |
| All Other Contributions | $47,605,134 | AllOtherContributionsAmt |
| Noncash Contributions | $2,780,246 | NoncashContributionsAmt |
| Total Contributions | $48,818,122 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 900099 | $213,557,980 | $213,557,980 | |
| ROOM & BOARD | 900099 | $39,658,008 | $39,658,008 | |
| ED/NON-ED PROGRAM REV. | 900099 | $16,213,734 | $16,046,548 | $167,186 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $269,429,722 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,373,052 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$314,302 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,687,354 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,234,522 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,234,522 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,234,522 | TotalRevenueColumnAmt |
| Exclusion | $3,234,522 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $237,349,196 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $222,188,379 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,160,817 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,160,817 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $64,284 | UnrelatedBusinessRevenueAmt |
| Exclusion | $15,096,533 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $6,170 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $8,034 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,864 | TotalRevenueColumnAmt |
| Exclusion | -$1,864 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $344,014,371 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $269,262,536 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$82,832 | UnrelatedBusinessRevenueAmt |
| Exclusion | $26,016,545 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,460,046 | TotalAmt |
| Program Services | $57,460,046 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,926,365 | TotalAmt |
| Program Services | $4,926,365 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,842,796 | TotalAmt |
| Program Services | $588,254 | ProgramServicesAmt |
| Management And General | $1,738,440 | ManagementAndGeneralAmt |
| Fundraising | $516,102 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $980,027 | TotalAmt |
| Program Services | $980,027 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,325,457 | TotalAmt |
| Program Services | $85,808,929 | ProgramServicesAmt |
| Management And General | $16,169,161 | ManagementAndGeneralAmt |
| Fundraising | $5,347,367 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,939,265 | TotalAmt |
| Program Services | $6,347,607 | ProgramServicesAmt |
| Management And General | $1,196,093 | ManagementAndGeneralAmt |
| Fundraising | $395,565 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,907,150 | TotalAmt |
| Program Services | $10,319,534 | ProgramServicesAmt |
| Management And General | $1,944,532 | ManagementAndGeneralAmt |
| Fundraising | $643,084 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,959,629 | TotalAmt |
| Program Services | $5,564,368 | ProgramServicesAmt |
| Management And General | $1,048,506 | ManagementAndGeneralAmt |
| Fundraising | $346,755 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $491,341 | TotalAmt |
| Management And General | $491,341 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,489 | TotalAmt |
| Program Services | $25,300 | ProgramServicesAmt |
| Management And General | $402,189 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,462,686 | TotalAmt |
| Management And General | $1,462,686 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,198 | TotalAmt |
| Program Services | $132,253 | ProgramServicesAmt |
| Management And General | $290,648 | ManagementAndGeneralAmt |
| Fundraising | $2,297 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,545,995 | TotalAmt |
| Program Services | $7,982,483 | ProgramServicesAmt |
| Management And General | $475,342 | ManagementAndGeneralAmt |
| Fundraising | $88,170 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,648,338 | TotalAmt |
| Program Services | $6,250,935 | ProgramServicesAmt |
| Management And General | $846,498 | ManagementAndGeneralAmt |
| Fundraising | $550,905 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,281,244 | TotalAmt |
| Program Services | $6,812,315 | ProgramServicesAmt |
| Management And General | $268,996 | ManagementAndGeneralAmt |
| Fundraising | $199,933 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,561,556 | TotalAmt |
| Program Services | $16,288,771 | ProgramServicesAmt |
| Management And General | $210,072 | ManagementAndGeneralAmt |
| Fundraising | $62,713 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,061,743 | TotalAmt |
| Program Services | $7,866,303 | ProgramServicesAmt |
| Management And General | $907,989 | ManagementAndGeneralAmt |
| Fundraising | $1,287,451 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,232,385 | TotalAmt |
| Program Services | $3,232,385 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,072,229 | TotalAmt |
| Program Services | $6,072,229 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,842,325 | TotalAmt |
| Program Services | $18,532,134 | ProgramServicesAmt |
| Management And General | $238,879 | ManagementAndGeneralAmt |
| Fundraising | $71,312 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD & BEVERAGE SERVICE | $12,380,141 | $12,358,428 | $15,267 | $6,446 |
| PROFESSIONAL CONSULTING | $7,657,085 | $4,182,940 | $3,285,806 | $188,339 |
| BAD DEBT EXPENSE | $941,864 | $32,965 | $318,980 | $589,919 |
| AWARDS | $253,210 | $253,210 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,838,522 | TotalAmt |
| Program Services | $690,816 | ProgramServicesAmt |
| Management And General | $7,113 | ManagementAndGeneralAmt |
| Fundraising | $1,140,593 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,464,086 | TotalAmt |
| Program Services | $262,708,597 | ProgramServicesAmt |
| Management And General | $31,318,538 | ManagementAndGeneralAmt |
| Fundraising | $11,436,951 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,166,035 | BOYAmt |
| EOY | $66,640,113 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,341,236 | BOYAmt |
| EOY | $5,309,117 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,577,026 | BOYAmt |
| EOY | $71,011,576 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,972,275 | BOYAmt |
| EOY | $4,670,983 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,002,842 | BOYAmt |
| EOY | $579,256 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,268,853 | BOYAmt |
| EOY | $9,539,982 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $588,741,159 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $324,580,812 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,794,259 | BOYAmt |
| EOY | $264,160,347 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,395,192 | BOYAmt |
| EOY | $186,562,085 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,036,096 | BOYAmt |
| EOY | $499,202,379 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,582,641 | BOYAmt |
| EOY | $8,404,507 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,081,136,455 | BOYAmt |
| EOY | $1,116,080,345 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,801,234 | BOYAmt |
| EOY | $38,555,299 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,504,485 | BOYAmt |
| EOY | $56,742,942 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,169,915 | BOYAmt |
| EOY | $130,322,651 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,280,000 | BOYAmt |
| EOY | $15,915,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,212,821 | BOYAmt |
| EOY | $7,793,055 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,968,455 | BOYAmt |
| EOY | $249,328,947 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,419,492 | BOYAmt |
| EOY | $323,593,323 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,748,508 | BOYAmt |
| EOY | $543,158,075 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $818,168,000 | BOYAmt |
| EOY | $866,751,398 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,081,136,455 | BOYAmt |
| EOY | $1,116,080,345 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $38,550,285 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $10,033,113 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,575,035 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,080,302 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,979,875 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $64,936,566 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,818,122 | CurrentTaxYearAmt |
| Total | $238,389,900 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,575,035 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,080,302 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,979,875 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $64,936,566 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,818,122 | CurrentTaxYearAmt |
| Total | $238,389,900 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $52,717,598 | SubstantialContributorsTotAmt |
| Public Support Total170 | $185,672,302 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,459,529 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,390,163 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,480,507 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,794,527 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,921,876 | CurrentTaxYearAmt |
| Total | $39,046,602 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,775 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $50,040 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,170 | CurrentTaxYearAmt |
| Total | $102,985 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $277,539,487 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,161,182,015 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.66900 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67030 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GROSS INCOME - FUNDRAISING - 2018 AMOUNT: $ 39,255. 2021 AMOUNT: $ 49,140. GROSS INCOME - GAMING - 2018 AMOUNT: $ 7,520. 2021 AMOUNT: $ 900. 2022 AMOUNT: $ 6,170. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $1 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART II-B, LINE 1 | FormAndLineReferenceDesc |
| Explanation | LOBBYING ACTIVITIES THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $662,431,288 | BeginningYearBalanceAmt |
| Contributions | $12,653,399 | ContributionsAmt |
| Investment Earnings Or Losses | $28,797,419 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,517,349 | GrantsOrScholarshipsAmt |
| Other Expenditures | $14,600,293 | OtherExpendituresAmt |
| End Year Balance | $685,764,464 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $701,494,830 | BeginningYearBalanceAmt |
| Contributions | $8,355,522 | ContributionsAmt |
| Investment Earnings Or Losses | -$34,631,791 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,074,599 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,712,674 | OtherExpendituresAmt |
| End Year Balance | $662,431,288 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $489,737,817 | BeginningYearBalanceAmt |
| Contributions | $6,421,834 | ContributionsAmt |
| Investment Earnings Or Losses | $222,208,932 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,701,040 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,172,713 | OtherExpendituresAmt |
| End Year Balance | $701,494,830 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $459,393,515 | BeginningYearBalanceAmt |
| Contributions | $18,573,274 | ContributionsAmt |
| Investment Earnings Or Losses | $29,199,827 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,481,664 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,947,135 | OtherExpendituresAmt |
| End Year Balance | $489,737,817 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $421,920,139 | BeginningYearBalanceAmt |
| Contributions | $7,858,140 | ContributionsAmt |
| Investment Earnings Or Losses | $44,410,399 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,322,842 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,472,321 | OtherExpendituresAmt |
| End Year Balance | $459,393,515 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.33000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.26700 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.40300 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,600,545 | OtherCostOrOtherBasisAmt |
| Book Value | $1,600,545 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $447,071,565 | OtherCostOrOtherBasisAmt |
| Depreciation | $242,916,674 | DepreciationAmt |
| Book Value | $204,154,891 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $84,593,033 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,948,086 | DepreciationAmt |
| Book Value | $30,644,947 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,476,016 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,716,052 | DepreciationAmt |
| Book Value | $27,759,964 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $264,160,347 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $499,202,379 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $499,202,379 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| GOVERNMENT ADVANCES FOR STUDENT LOANS | $709,335 |
| INTEREST RATE SWAP LIABILITY | $2,761,436 |
| LEASE LIABILITIES | $4,322,284 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,793,055 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS, WHICH ARE PRESERVED AND PROTECTED FOR EDUCATIONAL, RESEARCH, AND PUBLIC EXHIBITION PURPOSES, ARE NOT CAPITALIZED. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTION ITEMS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. |
| PART V, LINE 4: | BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 300 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS, AND OTHER EDUCATIONAL SERVICES. |
| 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. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE SUPPLEMENTAL PAGE |
| SCHEDULE E, PART I, LINE 3: | BABSON COLLEGE PROHIBITS DISCRIMINATING ON THE BASIS OF RACE, COLOR, NATIONALITY OR ETHNIC ORIGIN, RELIGION, SEX, LIFESTYLE, SEXUAL ORIENTATION PREFERENCE, AGE, HANDICAP, OR VETERAN STATUS. THIS POLICY IS PUBLISHED IN THE FACULTY AND STAFF HANDBOOK. BABSON COLLEGE MEETS THE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC 75-50, COVERING RACIAL NONDISCRIMINATION, BECAUSE IT DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AROUND THE U.S. AND WORLD, ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. SCHEDULE E, PART I, LINE 6: GOVERNMENT FINANCIAL AID - BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (22 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $20,402,224 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 7 | PROGRAM SERVICES | $216,810 | EXECUTIVE EDUCATION |
| SUB-SAHARAN AFRICA | 0 | 2 | PROGRAM SERVICES | $90,000 | EXECUTIVE EDUCATION |
| SOUTH AMERICA | 0 | 6 | PROGRAM SERVICES | $272,000 | EXECUTIVE EDUCATION |
| MIDDLE EAST AND NORTH AFRICA | 0 | 4 | PROGRAM SERVICES | $199,444 | EXECUTIVE EDUCATION |
| EAST ASIA AND THE PACIFIC | 0 | 2 | PROGRAM SERVICES | $95,275 | EXECUTIVE EDUCATION |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | FUNDRAISING | $10,142 | DEVELOPMENT |
| EAST ASIA AND THE PACIFIC | 0 | 0 | FUNDRAISING | $48,039 | DEVELOPMENT |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | FUNDRAISING | $10,370 | DEVELOPMENT |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $446,071 | ELECTIVE ABROAD |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $22,213 | ELECTIVE ABROAD |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $65,940 | ELECTIVE ABROAD |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $60,655 | ELECTIVE ABROAD |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $22,225 | ELECTIVE ABROAD |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $3,737,539 | STUDENT STUDY ABROAD |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $50,951 | STUDENT STUDY ABROAD |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $14,540 | STUDENT STUDY ABROAD |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $240,448 | STUDENT STUDY ABROAD |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS | $3,990,671 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS | $841,572 | |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $85,622 | |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS | $8,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 21 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 21 | TotalEmployeeCnt |
| Subtotal Spent | $21,333,934 | SubtotalSpentAmt |
| Continuation Spent | $9,597,317 | ContinuationSpentAmt |
| Total Spent | $30,931,251 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| INSTITUTIONAL GRANTS/SCHOLARSHIPS | EAST ASIA AND THE PACIFIC | 30 | $0 | $841,572 | CREDIT TO STUDENT ACCOUNTS | FMV |
| INSTITUTIONAL GRANTS/SCHOLARSHIPS | EUROPE (INCLUDING ICELAND & GREENLAND) | 182 | $0 | $3,990,671 | CREDIT TO STUDENT ACCOUNTS | FMV |
| INSTITUTIONAL GRANTS/SCHOLARSHIPS | SOUTH AMERICA | 1 | $0 | $8,500 | CREDIT TO STUDENT ACCOUNTS | FMV |
| INSTITUTIONAL GRANTS/SCHOLARSHIPS | SUB-SAHARAN AFRICA | 3 | $0 | $85,622 | CREDIT TO STUDENT ACCOUNTS | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| SCHEDULE F, PART I, LINE 2: | THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAL-PROCESSOR-IDENTIFIED ELIGIBILITY CONFLICTS, AND 100% VERIFICATION OF REPORTED PARENT AND STUDENT INCOMES. FOR ALL FUNDS, THERE IS A SEPARATION OF THE AWARDING AND DISBURSEMENT FUNCTIONS (DIFFERENT INDIVIDUALS RESPONSIBLE FOR EACH), MONTHLY RECONCILIATIONS BETWEEN STUDENT ACCOUNTS AND THE COLLEGE'S GENERAL LEDGER, AND AN ANNUAL AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. |
| SCHEDULE F, PART I, LINE 3: | ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL GRANTS/SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1797 | RecipientCnt |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $57,460,046 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | CREDIT TO STUDENT ACCOUNTS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAL-PROCESSOR-IDENTIFIED ELIGIBILITY CONFLICTS, AND 100% VERIFICATION OF REPORTED PARENT AND STUDENT INCOMES. FOR ALL FUNDS, THERE IS A SEPARATION OF THE AWARDING AND DISBURSEMENT FUNCTIONS (DIFFERENT INDIVIDUALS RESPONSIBLE FOR EACH), MONTHLY RECONCILIATIONS BETWEEN STUDENT ACCOUNTS AND THE COLLEGE'S GENERAL LEDGER, AND AN ANNUAL AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (1) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEPHEN SPINELLI | ||||||||||||||
| PRESIDENT | $635,887 | $0 | $100,000 | $0 | $96,010 | $0 | $33,660 | $0 | $76,556 | $0 | $942,113 | $0 | $0 | $0 |
| EDWARD CHIU | ||||||||||||||
| SR. VP OF ADVANCEMENT. SEE SCH. O. | $557,067 | $0 | $188,838 | $0 | $21,172 | $0 | $33,660 | $0 | $57,912 | $0 | $858,649 | $0 | $0 | $0 |
| KATHERINE CRAVEN | ||||||||||||||
| CHIEF ADMIN./FINANCIAL OFFICER | $435,840 | $0 | $76,600 | $0 | $19,168 | $0 | $33,660 | $0 | $603 | $0 | $565,871 | $0 | $0 | $0 |
| RICHARD BLISS | ||||||||||||||
| PROFESSOR | $496,925 | $0 | $0 | $0 | $6,915 | $0 | $28,906 | $0 | $16,600 | $0 | $549,346 | $0 | $0 | $0 |
| KELLY LYNCH | ||||||||||||||
| SENIOR VICE PRESIDENT | $406,453 | $0 | $74,840 | $0 | $31,162 | $0 | $33,660 | $0 | $2,783 | $0 | $548,898 | $0 | $0 | $0 |
| JAY RAO | ||||||||||||||
| PROFESSOR | $461,555 | $0 | $0 | $0 | $21,955 | $0 | $22,067 | $0 | $40,449 | $0 | $546,026 | $0 | $0 | $0 |
| D R WIDDER | ||||||||||||||
| VP OF INNOVATION | $219,905 | $0 | $196,059 | $0 | $12,359 | $0 | $24,768 | $0 | $39,321 | $0 | $492,412 | $0 | $0 | $0 |
| BEN CHEVRETTE | ||||||||||||||
| VICE PRESIDENT, DEVELOPMENT | $292,906 | $0 | $51,242 | $0 | $43,786 | $0 | $33,660 | $0 | $29,636 | $0 | $451,230 | $0 | $0 | $0 |
| KENICHI MATSUNO | ||||||||||||||
| VP ACADEMIC AFFAIRS & DEAN | $406,000 | $0 | $0 | $0 | $2,772 | $0 | $33,660 | $0 | $592 | $0 | $443,024 | $0 | $0 | $0 |
| MICHAEL LAYISH | ||||||||||||||
| SECRETARY & CLERK | $259,512 | $0 | $13,876 | $0 | $3,258 | $0 | $29,877 | $0 | $42,293 | $0 | $348,816 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PART I, LINE 1A: | HOUSING ALLOWANCE AND PERSONAL SERVICES: THE PRESIDENT IS REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF BABSON COLLEGE. THE FAIR MARKET VALUE OF THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT. HEALTH OR SOCIAL CLUB: THE PRESIDENT AND SR. VP OF ADVANCEMENT RECEIVED AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. |
| SCHEDULE J, PART I, LINE 1B: | ALL OF THE ITEMS CHECKED ABOVE ARE INCLUDED AS PART OF THE INDIVIDUAL'S EMPLOYMENT CONTRACT AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. |
| SCHEDULE J, PART I, LINE 4B: | EFFECTIVE JULY 1, 2019 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS PRESIDENT. UNDER THE TERMS OF THE PLAN, THE PRESIDENT WILL RECEIVE A CREDIT TO HIS ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR HE HOLDS THE TITLE OF THE PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN WERE 100% VESTED AT THE TIME OF THE AWARD. $52,500 WAS CREDITED IN 2022 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). |
| SCHEDULE J, PART I, LINE 7: | CERTAIN LISTED INDIVIDUALS MAY RECEIVE A NON-FIXED PAYMENT BONUS. ALL BONUSES ARE APPROVED BY THE PRESIDENT AND REVIEWED BY HUMAN RESOURCES. |
| SCHEDULE J, PART I, LINE 8: | STEPHEN SPINELLI, PRESIDENT AS OF 7/1/2019, IS UNDER HIS INITIAL CONTRACT WITH BABSON COLLEGE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY (2022) | ||||||||
| A | 043431814 | 57584Y2D0 | 2022-01-05 | $63,872,340 | SEE PART VI | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2017) | ||||||||
| B | 043431814 | 57584YBM0 | 2017-12-26 | $38,092,499 | ATH/WELLNESS CENTER CONST. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2015A) | ||||||||
| C | 043431814 | 57584XCC3 | 2015-08-05 | $26,750,183 | REFINANCE DEBT (2005A) & (2007A) | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2008A) | ||||||||
| D | 043431814 | 57583RUW3 | 2008-04-17 | $36,475,000 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt | Credit EnhancementCreditEnhancementAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,655,000 | $63,872,340 | $585,526 | $63,286,814 | 2022 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| B | $2,755,000 | $38,669,269 | $444,320 | 2020 | 0 | 0 | 0 | Yes (1) | $38,224,949 | ||
| C | $8,110,000 | $26,750,183 | $312,136 | $26,438,047 | 2015 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | ||
| D | $16,365,000 | $36,475,000 | $250,504 | $36,195,288 | 2008 | Yes (1) | 0 | Yes (1) | Yes (1) | $29,208 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0.00400 | 0.00000 | 0.00400 | 0 | 0 | Yes (1) | |
| C | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00100 | 0.00000 | 0.00100 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
| GOLDMAN SACHS | ||||||||||||
| D | 0 | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | 25.000000000000 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, COLUMN (A) | ISSUER NAME, BOND A, (2022): MASSACHUSETTS DEVELOPMENT FINANCE AGENCY |
| SCHEDULE K, PART I, COLUMN (A) | ISSUER NAME, BOND B, (2017): MASSACHUSETTS DEVELOPMENT FINANCE AGENCY |
| SCHEDULE K, PART I, COLUMN (A) | ISSUER NAME, BOND C, (2015A): MASSACHUSETTS DEVELOPMENT FINANCE AGENCY |
| SCHEDULE K, PART I, COLUMN (A) | ISSUER NAME, BOND D, (2008): MASSACHUSETTS DEVELOPMENT FINANCE AGENCY |
| SCHEDULE K, PART I, COLUMN F, BOND A, (2022): | DESCRIPTION OF PURPOSE: REFINANCE DEBT (2015B, 2013, 2011) DATED 8/28/2015, 7/17/2013, AND 7/7/2011. |
| SCHEDULE K, PART I, COLUMN F, BOND C, (2015A): | DESCRIPTION OF PURPOSE: REFINANCE DEBT (2007A AND 2005A) DATED 10/04/2007 AND 8/31/2005. |
| SCHEDULE K, PART I, COLUMN F, BOND D (2008): | DESCRIPTION OF PURPOSE: REFINANCE DEBT (2002A) DATED 6/27/2002 FOR THE NEW ASTROTURF ATHLETIC FIELD |
| SCHEDULE K, PART II, COLUMN B, LINE 3: | THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND. |
| PART II, COLUMN A, C, AND D, LINE 11: | THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW. |
| PART IV, COLUMN B, LINE 2C: | AN ARBITRAGE REBATE COMPUTATION WAS PERFORMED ON 07/31/2021. |
| PART IV, COLUMN C, LINE 2C: | AN ARBITRAGE REBATE COMPUTATION WAS PERFORMED ON 07/31/2021. |
| PART IV, COLUMN D, LINE 2C: | AN ARBITRAGE REBATE COMPUTATION WAS PERFORMED IN MAY 2022. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 46 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,780,246 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. OF HI & LOW | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE M, PART I, COLUMN (B): | BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). |
| SCHEDULE M, PART I, LINE 32B: | BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | PURSUANT TO THE ORGANIZATION'S BYLAWS, THE BOARD OF TRUSTEES SHALL HAVE AN EXECUTIVE COMMITTEE WHICH SHALL CONSIST OF THE PRESIDENT OF THE CORPORATION, THE CHAIRPERSON OF THE BOARD OF TRUSTEES, THE VICE CHAIRPERSON(S) OF THE BOARD OF TRUSTEES, THE CHAIRPERSON-ELECT OF THE BOARD OF TRUSTEES AND SUCH OTHER TRUSTEES AS SHALL BE APPOINTED BY THE CHAIRPERSON OF THE BOARD OF TRUSTEES OF THE CORPORATION FOR TERMS OF ONE (1) YEAR, BUT ANY MEMBER MAY BE REAPPOINTED. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUCH LIMITATIONS AS MAY BE PRESCRIBED BY RESOLUTION OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERINTENDENCE AND ADMINISTRATION OF THE CURRENT MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF TRUSTEES WITH RESPECT THERETO INCLUDING THE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS THAT MAY REQUIRE IT. |
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES JOHN E. JOHNSON AND ERIC G. JOHNSON HAVE A FAMILY RELATIONSHIP. PRESIDENT STEPHEN SPINELLI AND VICE CHAIR/TRUSTEE CRAIG R. BENSON HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED AND REVIEWED BY CBIZ MHM, LLC. THE FULL 990 RETURN, INCLUDING SCHEDULE B, IS THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL FORM 990, WITH THE EXCEPTION OF SCHEDULE B, IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. SCHEDULE B IS AVAILABLE TO ANY MEMBER OF THE BOARD OF TRUSTEES UPON REQUEST. CBIZ MHM, LLC SIGNS THE RETURN AS PAID PREPARER. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR ALL TRUSTEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND STATEMENT OF COMPLIANCE. THEIR RESPONSE TO THE QUESTIONNAIRE IS REVIEWED BY MANAGEMENT. IN ADDITION, PAYROLL AND VENDOR FILES ARE REVIEWED FOR THE EXISTENCE OF TRANSACTIONS WITH RELATED PARTIES. IF A CONFLICT OCCURS, THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM ANY MATTERS RELATING TO THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT AND OFFICERS OF THE COLLEGE IS REVIEWED BY HUMAN RESOURCES AT LEAST ONCE A YEAR. THIS REVIEW INCLUDES COMPARING RELEVANT, INDEPENDENT MARKET COMPENSATION AND IS DOCUMENTED. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED APPROPRIATE INFORMATION INCLUDING A RECOMMENDATION FOR COMPENSATION (OR INCREASE IN COMPENSATION). ANY CHANGE TO COMPENSATION FOR THE PRESIDENT AND OFFICERS IS APPROVED BY THIS COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | BABSON COLLEGE'S FINANCIAL STATEMENTS CAN BE FOUND AT WWW.BABSON.EDU. BABSON DOES NOT MAKE AVAILABLE TO THE PUBLIC OUR CONFLICT OF INTEREST POLICY OR OTHER GOVERNING DOCUMENTS. |
| FORM 990, PART VII, SECTION A: | EFFECTIVE OCTOBER 2020, BABSON COLLEGE AMENDED ITS BYLAWS TO RE-CLASSIFY CERTAIN POSITIONS. AS SUCH, THEY WILL NO LONGER BE CLASSIFIED AS OFFICERS AND WILL BE LISTED AS FORMER OFFICERS. FORMER OFFICERS DUE TO AMENDED BYLAWS INCLUDE: EDWARD CHIU |
| FORM 990, PART XII, LINE 2C: | THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON GLOBAL INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1Txt |
| City | BABSON PARK | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02457 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271642647 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUST (2) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE LINCOLN STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BABSON GLOBAL INC | ||
| L | $1,235,528 | COST PLUS OVERHEAD |
| BABSON GLOBAL INC | ||
| N | $0 | INCLUDED ABOVE |
| BABSON GLOBAL INC | ||
| D | $361,070 | BOOK VALUE |