2024-05-14T15:15:06-05:00 2023-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2022-07-01 042103544 BABSON COLLEGE BABS 7812395298 231 FOREST STREET BABSON PARK MA 024570310 KATHERINE CRAVEN CAO/CFO 7812395298 2024-05-14 1 KATHERINE CRAVEN 999009999 0 CRAIG KLEIN P00734640 6177610600 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN SPINELLI 231 FOREST STREET BABSON PARK MA 024570310 566210784 0 X WWW.BABSON.EDU X 1919 MA 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. 29 28 2266 1891 -82832 0 64936566 48818122 244383907 269429722 84990124 22533869 3308853 3232658 397619450 344014371 58741380 62386411 0 0 124241316 138954324 0 0 11436951 97982080 104123351 280964776 305464086 116654674 38550285 1081136455 1116080345 262968455 249328947 818168000 866751398 BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO IMPACT COMMUNITIES EVERYWHERE. 0 0 262708597 62386411 269262536 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. 262708597 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 390 0 1 2266 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA MA X X X GAIL WILSON 7812395692 231 FOREST STREET BABSON PARK MA 024570310 STEPHEN SPINELLI PRESIDENT 50.00 0.00 X X 831897 0 110216 HARSHA AGADI TRUSTEE 1.20 0.00 X 0 0 0 CHRISTINE ANGELAKIS TRUSTEE 1.20 0.00 X 0 0 0 PATRICK BAIRD TRUSTEE (UNTIL 6/30/23) 1.20 0.00 X 0 0 0 THE HONORABLE CRAIG BENSON VICE CHAIR, BOARD OF TRUSTEES 1.20 0.00 X X 0 0 0 ETTORE V BIAGIONI TRUSTEE 1.20 0.00 X 0 0 0 ANDREW J BUTLER TRUSTEE 1.20 0.00 X 0 0 0 STEVE CANNON TRUSTEE 1.20 0.00 X 0 0 0 CYRIL CAMUS TRUSTEE 1.20 0.00 X 0 0 0 ANTHONY CHIASSON TRUSTEE 1.20 0.00 X 0 0 0 WARREN CROSS JR VICE CHAIR, BOARD OF TRUSTEES 1.20 0.00 X X 0 0 0 RICHELIEU DENNIS JR TRUSTEE 1.20 0.00 X 0 0 0 DEBORAH DE SANTIS TRUSTEE 1.20 0.00 X 0 0 0 CRAIG M DONALDSON TRUSTEE (UNTIL 10/21/22) 1.20 0.00 X 0 0 0 BRETT A GORDON TRUSTEE 1.20 0.00 X 0 0 0 BRUCE HERRING TRUSTEE 1.20 0.00 X 0 0 0 ERIC JOHNSON VICE CHAIR, BOARD OF TRUSTEES 1.20 0.00 X X 0 0 0 JOHN JOHNSON TRUSTEE 1.20 0.00 X 0 0 0 FRED SC KIANG TRUSTEE 1.20 0.00 X 0 0 0 MICHAEL S LORBER TRUSTEE 1.20 0.00 X 0 0 0 WASI MAHI TRUSTEE 1.20 0.00 X 0 0 0 JEFFREY MCLANE TREASURER 1.20 0.00 X X 0 0 0 CHRISTOPHER MALONE TRUSTEE 1.20 0.00 X 0 0 0 RAMON MENDIOLA TRUSTEE 1.20 0.00 X 0 0 0 GEOFFREY MOLSON TRUSTEE (UNTIL 3/16/23) 1.20 0.00 X 0 0 0 JEFFERY PERRY CHAIR, BOARD OF TRUSTEES 1.20 0.00 X X 0 0 0 KENNETH G ROMANZI TRUSTEE 1.20 0.00 X 0 0 0 JAMES A RULLO TRUSTEE 1.20 1.20 X 0 0 0 SOMIA FARID SILBER TRUSTEE 1.20 0.00 X 0 0 0 AMANDA STRONG TRUSTEE 1.20 0.00 X 0 0 0 DAVIDE VISCO TRUSTEE 1.20 0.00 X 0 0 0 ROBERT E WEISSMAN TRUSTEE (UNTIL 4/4/23) 1.20 0.00 X 0 0 0 RACHEL ZELCER TRUSTEE 1.20 0.00 X 0 0 0 KATHERINE CRAVEN CHIEF ADMIN./FINANCIAL OFFICER 40.00 0.00 X 531608 0 34263 KENICHI MATSUNO VP ACADEMIC AFFAIRS & DEAN 40.00 0.00 X 408772 0 34252 MICHAEL LAYISH SECRETARY & CLERK 40.00 0.00 X 276646 0 72170 JAY RAO PROFESSOR 40.00 0.00 X 483510 0 62516 RICHARD BLISS PROFESSOR 40.00 0.00 X 503840 0 45506 D R WIDDER VP OF INNOVATION 40.00 0.00 X 428323 0 64089 KELLY LYNCH SENIOR VICE PRESIDENT 40.00 0.00 X 512455 0 36443 BEN CHEVRETTE VICE PRESIDENT, DEVELOPMENT 40.00 0.00 X 387934 0 63296 EDWARD CHIU SR. VP OF ADVANCEMENT. SEE SCH. O. 40.00 0.00 X 767077 0 91572 5132062 0 614323 379 1 1 0 WILEY EDU LLC 1415 WEST 22N STREET SUITE 500 OAK BROOK IL 605232084 ADVERTISING 2913698 ASPIRE TECHNOLOGY PARTNERS LLC PO BOX 789172 PHILADELPHIA PA 191789172 IT CONSULTING 533670 HURON CONSULTING SERVICES LLC 550 WEST VAN BUREN STREET CHICAGO IL 60607 CONSULTING 504083 BEACON HILL STAFFING GROUP LLC 152 BOWDOIN STREET BOSTON MA 02108 STAFFING 477342 HH RUSSELL CONSULTING LLC 3112 WINDSOR ROAD 102 AUSTIN TX 787032350 CONSULTING 319418 21 1212988 47605134 2780246 48818122 TUITION & FEES 900099 213557980 213557980 ROOM & BOARD 900099 39658008 39658008 ED/NON-ED PROGRAM REV. 900099 16213734 16046548 167186 269429722 7373052 -314302 7687354 3234522 0 3234522 3234522 3234522 237349196 222188379 15160817 15160817 64284 15096533 6170 8034 -1864 -1864 344014371 269262536 -82832 26016545 57460046 57460046 4926365 4926365 2842796 588254 1738440 516102 980027 980027 107325457 85808929 16169161 5347367 7939265 6347607 1196093 395565 12907150 10319534 1944532 643084 6959629 5564368 1048506 346755 491341 491341 427489 25300 402189 1462686 1462686 425198 132253 290648 2297 8545995 7982483 475342 88170 7648338 6250935 846498 550905 7281244 6812315 268996 199933 16561556 16288771 210072 62713 10061743 7866303 907989 1287451 3232385 3232385 6072229 6072229 18842325 18532134 238879 71312 FOOD & BEVERAGE SERVICE 12380141 12358428 15267 6446 PROFESSIONAL CONSULTING 7657085 4182940 3285806 188339 BAD DEBT EXPENSE 941864 32965 318980 589919 AWARDS 253210 253210 1838522 690816 7113 1140593 305464086 262708597 31318538 11436951 64166035 66640113 5341236 5309117 63577026 71011576 4972275 4670983 1002842 579256 8268853 9539982 588741159 324580812 261794259 264160347 148395192 186562085 514036096 499202379 9582641 8404507 1081136455 1116080345 35801234 38555299 60504485 56742942 138169915 130322651 17280000 15915000 11212821 7793055 262968455 249328947 X 308419492 323593323 509748508 543158075 818168000 866751398 1081136455 1116080345 38550285 10033113 0 X 0 1 X 1 1 1 X 37575035 49080302 37979875 64936566 48818122 238389900 37575035 49080302 37979875 64936566 48818122 238389900 52717598 185672302 6459529 6390163 6480507 8794527 10921876 39046602 46775 50040 6170 102985 277539487 1161182015 0.66900 0.67030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1 1 0 SCHEDULE C, PART II-B, LINE 1 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. X X X 0 662431288 12653399 28797419 3517349 14600293 685764464 701494830 8355522 -34631791 4074599 8712674 662431288 489737817 6421834 222208932 3701040 13172713 701494830 459393515 18573274 29199827 3481664 13947135 489737817 421920139 7858140 44410399 3322842 11472321 459393515 0.33000 0.26700 0.40300 0 0 1600545 1600545 447071565 242916674 204154891 84593033 53948086 30644947 55476016 27716052 27759964 264160347 ALTERNATIVE INVESTMENTS 499202379 F 499202379 GOVERNMENT ADVANCES FOR STUDENT LOANS 709335 INTEREST RATE SWAP LIABILITY 2761436 LEASE LIABILITIES 4322284 7793055 X 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. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 20402224 EUROPE (INCLUDING ICELAND & GREENLAND) 0 7 PROGRAM SERVICES EXECUTIVE EDUCATION 216810 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES EXECUTIVE EDUCATION 90000 SOUTH AMERICA 0 6 PROGRAM SERVICES EXECUTIVE EDUCATION 272000 MIDDLE EAST AND NORTH AFRICA 0 4 PROGRAM SERVICES EXECUTIVE EDUCATION 199444 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES EXECUTIVE EDUCATION 95275 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING DEVELOPMENT 10142 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING DEVELOPMENT 48039 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING DEVELOPMENT 10370 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ELECTIVE ABROAD 446071 SOUTH AMERICA 0 0 PROGRAM SERVICES ELECTIVE ABROAD 22213 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ELECTIVE ABROAD 65940 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ELECTIVE ABROAD 60655 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ELECTIVE ABROAD 22225 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD 3737539 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD 50951 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD 14540 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD 240448 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS 3990671 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS 841572 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS 85622 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS 8500 0 21 0 0 0 21 21333934 9597317 30931251 INSTITUTIONAL GRANTS/SCHOLARSHIPS EAST ASIA AND THE PACIFIC 30 0 841572 CREDIT TO STUDENT ACCOUNTS FMV INSTITUTIONAL GRANTS/SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 182 0 3990671 CREDIT TO STUDENT ACCOUNTS FMV INSTITUTIONAL GRANTS/SCHOLARSHIPS SOUTH AMERICA 1 0 8500 CREDIT TO STUDENT ACCOUNTS FMV INSTITUTIONAL GRANTS/SCHOLARSHIPS SUB-SAHARAN AFRICA 3 0 85622 CREDIT TO STUDENT ACCOUNTS FMV 1 0 1 1 1 1 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. 1 INSTITUTIONAL GRANTS/SCHOLARSHIPS 1797 0 57460046 FMV CREDIT TO STUDENT ACCOUNTS SCHEDULE I, 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. X X X X 0 1 X X X 0 1 0 0 0 0 0 1 1 1 STEPHEN SPINELLI PRESIDENT 635887 0 100000 0 96010 0 33660 0 76556 0 942113 0 0 0 EDWARD CHIU SR. VP OF ADVANCEMENT. SEE SCH. O. 557067 0 188838 0 21172 0 33660 0 57912 0 858649 0 0 0 KATHERINE CRAVEN CHIEF ADMIN./FINANCIAL OFFICER 435840 0 76600 0 19168 0 33660 0 603 0 565871 0 0 0 RICHARD BLISS PROFESSOR 496925 0 0 0 6915 0 28906 0 16600 0 549346 0 0 0 KELLY LYNCH SENIOR VICE PRESIDENT 406453 0 74840 0 31162 0 33660 0 2783 0 548898 0 0 0 JAY RAO PROFESSOR 461555 0 0 0 21955 0 22067 0 40449 0 546026 0 0 0 D R WIDDER VP OF INNOVATION 219905 0 196059 0 12359 0 24768 0 39321 0 492412 0 0 0 BEN CHEVRETTE VICE PRESIDENT, DEVELOPMENT 292906 0 51242 0 43786 0 33660 0 29636 0 451230 0 0 0 KENICHI MATSUNO VP ACADEMIC AFFAIRS & DEAN 406000 0 0 0 2772 0 33660 0 592 0 443024 0 0 0 MICHAEL LAYISH SECRETARY & CLERK 259512 0 13876 0 3258 0 29877 0 42293 0 348816 0 0 0 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. A MA DEVELOPMENT FINANCE AGENCY (2022) 043431814 57584Y2D0 2022-01-05 63872340 SEE PART VI 0 0 0 B MA DEVELOPMENT FINANCE AGENCY (2017) 043431814 57584YBM0 2017-12-26 38092499 ATH/WELLNESS CENTER CONST. 0 0 0 C MA DEVELOPMENT FINANCE AGENCY (2015A) 043431814 57584XCC3 2015-08-05 26750183 REFINANCE DEBT (2005A) & (2007A) 0 0 0 D MA DEVELOPMENT FINANCE AGENCY (2008A) 043431814 57583RUW3 2008-04-17 36475000 SEE PART VI 0 0 0 A 2655000 63872340 585526 63286814 2022 1 0 1 1 B 2755000 38669269 444320 38224949 2020 0 0 0 1 C 8110000 26750183 312136 26438047 2015 1 1 1 1 D 16365000 36475000 250504 29208 36195288 2008 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 0 0 0.00400 0.00000 0.00400 0 0 1 C 0 1 1 1 0 0.00100 0.00000 0.00100 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 1 1 GOLDMAN SACHS 25.000000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 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. X 46 2780246 AVG. OF HI & LOW 0 0 1 0 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. 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. BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 SUPPORTING ORGANIZATION MA 501(C)(3) LINE 12A, I BABSON COLLEGE 1 CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA N/A T 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 BABSON GLOBAL INC L 1235528 COST PLUS OVERHEAD BABSON GLOBAL INC N 0 INCLUDED ABOVE BABSON GLOBAL INC D 361070 BOOK VALUE