BABSON COLLEGE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- BABSON COLLEGE (EIN 04-2103544)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-03
- IRS object ID
- 202241239349300024
- Schema version
- 2020v4.1
- 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 K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-03T11:02:43-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 SEAPORT BLVD SUITE 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | 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) |
|---|---|---|
| In Care Of | % GAIL WILSON | InCareOfNm |
| 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 | CHIEF ADMIN OFFICER | PersonTitleTxt |
| Phone | 7812395298 | PhoneNum |
| Signature | 2022-04-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GWEN SPENCER | PreparerPersonNm |
| PTIN | P00641463 | PTIN |
| Phone | 6175305000 | PhoneNum |
| Preparation | 2022-04-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $542,289,658 | GrossReceiptsAmt |
| Group Return For Affiliates | false | 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 | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 1965 | TotalEmployeeCnt |
| Total Volunteers | 2502 | TotalVolunteersCnt |
| Total Gross UBI | -$432,425 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $49,080,302 | PYContributionsGrantsAmt |
| CY Contributions Grants | $37,979,875 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $217,944,851 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $206,250,072 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,955,237 | PYInvestmentIncomeAmt |
| CY Investment Income | $57,061,301 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,205,420 | PYOtherRevenueAmt |
| CY Other Revenue | $2,810,677 | CYOtherRevenueAmt |
| PY Total Revenue | $294,185,810 | PYTotalRevenueAmt |
| CY Total Revenue | $304,101,925 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $48,901,017 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $49,406,789 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $126,684,607 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $121,097,169 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $14,799,120 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $83,541,173 | PYOtherExpensesAmt |
| CY Other Expenses | $82,430,392 | CYOtherExpensesAmt |
| PY Total Expenses | $259,126,797 | PYTotalExpensesAmt |
| CY Total Expenses | $252,934,350 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $35,059,013 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $51,167,575 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $863,238,815 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,084,295,364 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $259,899,322 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $272,254,459 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $603,339,493 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $812,040,905 | NetAssetsOrFundBalancesEOYAmt |
| Mission | BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $212,604,674 | ExpenseAmt |
| Grant | $49,406,789 | GrantAmt |
| Revenue | $206,250,072 | RevenueAmt |
| Desc | BABSON COLLEGE ENROLLS 2,668 UNDERGRADUATE AND 1,108 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 | $212,604,674 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 347 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1965 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 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 | |||||||||
| TRUSTEE/PRESIDENT | 40.0 | 0.0 | Yes (X) | Yes (X) | $682,621 | $0 | $87,764 | ||
| EDWARD CHIU | |||||||||
| SR. VP OF ADVANC. SEE SCH O | 40.0 | 0.0 | Yes (X) | $586,878 | $0 | $77,026 | |||
| KATHERINE CRAVEN | |||||||||
| CHIEF ADMIN OFFICER | 40.0 | 0.0 | Yes (X) | $424,313 | $0 | $27,712 | |||
| RICHARD BLISS | |||||||||
| PROFESSOR | 40.0 | 0.0 | $408,036 | $0 | $31,362 | Yes (X) | |||
| PHILLIP KNUTEL | |||||||||
| FORMER OFFICER/CIO SEE SCH O | 40.0 | 0.0 | $358,044 | $0 | $61,006 | Yes (X) | |||
| MARK POTTER | |||||||||
| PROFESSOR | 40.0 | 0.0 | $347,639 | $0 | $55,993 | Yes (X) | |||
| MARK RICE | |||||||||
| PROFESSOR | 40.0 | 0.0 | $348,040 | $0 | $54,881 | Yes (X) | |||
| DR WIDDER | |||||||||
| VP OF INNOVATION | 40.0 | 0.0 | $350,717 | $0 | $49,316 | Yes (X) | |||
| JAY RAO | |||||||||
| PROFESSOR | 40.0 | 0.0 | $340,134 | $0 | $50,744 | Yes (X) | |||
| DIANA ZAIS | |||||||||
| VP FOR DEVELOPMENT SEE SCH O | 40.0 | 0.0 | $296,778 | $0 | $50,908 | Yes (X) | |||
| MARY ROSE | |||||||||
| VP CAMPUS/COMM AFFRS SEE SCH O | 40.0 | 0.0 | Yes (X) | $284,558 | $0 | $51,417 | |||
| MICHAEL LAYISH | |||||||||
| SECRETARY & CLERK | 40.0 | 0.0 | Yes (X) | $252,458 | $0 | $57,768 | |||
| DONNA BONAPARTE | |||||||||
| VP FOR HR SEE SCHEDULE O | 40.0 | 0.0 | $268,009 | $0 | $32,769 | Yes (X) | |||
| KENICHI MATSUNO EFF 101620 | |||||||||
| VP ACADEMIC AFFAIRS & DEAN | 40.0 | 0.0 | Yes (X) | $251,584 | $0 | $20,221 | |||
| JANE EDMONDS | |||||||||
| VP PROG & COMM OUT SEE SCH O | 40.0 | 0.0 | $164,051 | $0 | $16,021 | Yes (X) | |||
| CHRISTINE ANGELAKIS | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| THE HONOR CRAIG R BENSON | |||||||||
| VICE CHAIR, BOARD OF TRUSTEE | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ETTORE V BIAGIONI | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARLA M CAPOZZI | |||||||||
| CHAIR, BOARD OF TRUSTEE | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAUL W CHISHOLM | |||||||||
| TRUSTEE (UNTIL 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| WARREN CROSS JR | |||||||||
| VICE CHAIR, BOARD OF TRUSTEE | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY A DEMELLO | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| RICHELIEU W DENNIS JR | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DEBORAH L DESANTIS | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| GARY T DICAMILLO | |||||||||
| TRUSTEE (UNTIL 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG M DONALDSON | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| HARISH M FABIANI | |||||||||
| TRUSTEE (UNTIL 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| FRANK M FISCHER | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BRETT A GORDON | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JAMES H HERBERT II | |||||||||
| TRUSTEE (UNTIL 2/2021) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE T HERRING | |||||||||
| VICE CHAIR, BOARD OF TRUSTEE | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN E JOHNSON | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| FRED SC KIANG | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CARMELLA R KLETJIAN | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL S LORBER | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MANOJ NARENDER MADNANI | |||||||||
| TRUSTEE (UNTIL 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY J MCLANE | |||||||||
| TREASURER, BOARD OF TRUSTEE | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RAMON A MENDIOLA | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEFFERY S PERRY | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH G ROMANZI | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JAMES A RULLO | |||||||||
| TRUSTEE | 1.2 | 1.2 | Yes (X) | $0 | $0 | $0 | |||
| DIANNE M SAHENK | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA G STRONG | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DAVIDE D VISCO | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| MARTHA D VORLICEK | |||||||||
| TREASURER, BOARD OF TRUSTEES | 1.2 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROBERT E WEISSMAN | |||||||||
| TRUSTEE | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT PATRICK WALKER BAIRD | |||||||||
| TRUSTEE (EFF 10/2020) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| STEVE C CANNON | |||||||||
| TRUSTEE (EFF 02/2021) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| CYRIL C CAMUS | |||||||||
| TRUSTEE (EFF. 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY R CHIASSON | |||||||||
| TRUSTEE (EFF. 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ERIC G JOHNSON | |||||||||
| TRUSTEE (EFF. 10/16/20) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| GEOFFREY E MOLSON | |||||||||
| TRUSTEE (EFF 02/2021) | 1.2 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,363,860 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $724,908 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 341 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | 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 | $2,734,624 |
| ATTAIN LLC | |||||
| 1600 TYSONS BOULEVARD SUITE 1400 | MCLEAN | VA | 22102 | CONSULTING | $1,815,135 |
| ASPIRE TECHNOLOGY PARTNERS LLC | |||||
| PO BOX 789172 | PHILADELPHIA | PA | 191789172 | IT CONSULTING | $928,104 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| PO BOX 7247-8001 | PHILADELPHIA | PA | 191708001 | FINANCIAL SERVICES | $341,343 |
| PROQUEST-CSA LLC | |||||
| 6216 PAYSHPERE CIRCLE | CHICAGO | IL | 60674 | DATABASE SERVICES | $252,928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,052,641 | GovernmentGrantsAmt |
| All Other Contributions | $32,927,234 | AllOtherContributionsAmt |
| Noncash Contributions | $1,001,546 | NoncashContributionsAmt |
| Total Contributions | $37,979,875 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 900099 | $176,521,092 | $176,521,092 |
| ROOM & BOARD | 900099 | $24,343,313 | $24,343,313 |
| ED/NON-ED PROGRAM REVENUE | 900099 | $5,385,667 | $5,385,667 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $206,250,072 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,997,269 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$672,561 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,669,830 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,810,677 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,810,677 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,810,677 | TotalRevenueColumnAmt |
| Exclusion | $2,810,677 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $292,251,765 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $238,187,733 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,064,032 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,064,032 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $240,136 | UnrelatedBusinessRevenueAmt |
| Exclusion | $53,823,896 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $304,101,925 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $206,250,072 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$432,425 | UnrelatedBusinessRevenueAmt |
| Exclusion | $60,304,403 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,406,789 | TotalAmt |
| Program Services | $49,406,789 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,386,796 | TotalAmt |
| Program Services | $1,169,956 | ProgramServicesAmt |
| Management And General | $1,816,189 | ManagementAndGeneralAmt |
| Fundraising | $400,651 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,483,718 | TotalAmt |
| Management And General | $1,069,617 | ManagementAndGeneralAmt |
| Fundraising | $414,101 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,486,187 | TotalAmt |
| Program Services | $74,085,561 | ProgramServicesAmt |
| Management And General | $13,392,963 | ManagementAndGeneralAmt |
| Fundraising | $5,007,663 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,131,815 | TotalAmt |
| Program Services | $4,911,857 | ProgramServicesAmt |
| Management And General | $887,951 | ManagementAndGeneralAmt |
| Fundraising | $332,007 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,237,192 | TotalAmt |
| Program Services | $9,001,492 | ProgramServicesAmt |
| Management And General | $1,627,262 | ManagementAndGeneralAmt |
| Fundraising | $608,438 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,371,461 | TotalAmt |
| Program Services | $5,103,824 | ProgramServicesAmt |
| Management And General | $922,654 | ManagementAndGeneralAmt |
| Fundraising | $344,983 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $281,853 | TotalAmt |
| Management And General | $281,853 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,365 | TotalAmt |
| Program Services | $26,700 | ProgramServicesAmt |
| Management And General | $421,665 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,113,672 | TotalAmt |
| Management And General | $1,113,672 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $471,773 | TotalAmt |
| Program Services | $97,820 | ProgramServicesAmt |
| Management And General | $354,042 | ManagementAndGeneralAmt |
| Fundraising | $19,911 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,339,057 | TotalAmt |
| Program Services | $3,833,767 | ProgramServicesAmt |
| Management And General | $435,468 | ManagementAndGeneralAmt |
| Fundraising | $69,822 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,286,603 | TotalAmt |
| Program Services | $5,172,628 | ProgramServicesAmt |
| Management And General | $819,961 | ManagementAndGeneralAmt |
| Fundraising | $294,014 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,900,604 | TotalAmt |
| Program Services | $4,458,684 | ProgramServicesAmt |
| Management And General | $286,436 | ManagementAndGeneralAmt |
| Fundraising | $155,484 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,601,331 | TotalAmt |
| Program Services | $12,391,012 | ProgramServicesAmt |
| Management And General | $161,967 | ManagementAndGeneralAmt |
| Fundraising | $48,352 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,108,075 | TotalAmt |
| Program Services | $881,756 | ProgramServicesAmt |
| Management And General | $94,249 | ManagementAndGeneralAmt |
| Fundraising | $132,070 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687,460 | TotalAmt |
| Program Services | $687,460 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,850,881 | TotalAmt |
| Program Services | $6,850,881 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,031,435 | TotalAmt |
| Program Services | $18,718,131 | ProgramServicesAmt |
| Management And General | $241,276 | ManagementAndGeneralAmt |
| Fundraising | $72,028 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD & BEVERAGE SERVICE | $6,740,690 | $6,739,127 | $1,563 | |
| PROFESSIONAL CONSULTING | $7,579,228 | $6,329,425 | $1,093,802 | $156,001 |
| BAD DEBT EXPENSE | $6,975,962 | $30,739 | $605,389 | $6,339,834 |
| UBIT TAX | $4,224 | $44 | $4,180 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,009,179 | TotalAmt |
| Program Services | $2,707,021 | ProgramServicesAmt |
| Management And General | -$101,603 | ManagementAndGeneralAmt |
| Fundraising | $403,761 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,934,350 | TotalAmt |
| Program Services | $212,604,674 | ProgramServicesAmt |
| Management And General | $25,530,556 | ManagementAndGeneralAmt |
| Fundraising | $14,799,120 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,140,396 | BOYAmt |
| EOY | $35,124,263 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,379,194 | BOYAmt |
| EOY | $5,390,145 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,123,360 | BOYAmt |
| EOY | $48,516,625 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,546,939 | BOYAmt |
| EOY | $4,769,406 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,792,627 | BOYAmt |
| EOY | $1,358,044 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,695,090 | BOYAmt |
| EOY | $8,758,168 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $553,207,070 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $284,083,647 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $274,185,292 | BOYAmt |
| EOY | $269,123,423 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,455,601 | BOYAmt |
| EOY | $460,943,407 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,282,216 | BOYAmt |
| EOY | $240,551,423 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,638,100 | BOYAmt |
| EOY | $9,760,460 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $863,238,815 | BOYAmt |
| EOY | $1,084,295,364 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,823,388 | BOYAmt |
| EOY | $32,300,113 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,338,898 | BOYAmt |
| EOY | $60,815,466 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,525,540 | BOYAmt |
| EOY | $143,851,833 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,710,000 | BOYAmt |
| EOY | $18,495,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,501,496 | BOYAmt |
| EOY | $16,792,047 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $259,899,322 | BOYAmt |
| EOY | $272,254,459 | 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 | $233,795,384 | BOYAmt |
| EOY | $299,596,302 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,544,109 | BOYAmt |
| EOY | $512,444,603 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,339,493 | BOYAmt |
| EOY | $812,040,905 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $863,238,815 | BOYAmt |
| EOY | $1,084,295,364 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $51,167,575 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $157,533,837 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | 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 | $27,601,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $46,246,422 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,575,035 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,080,302 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $37,979,875 | CurrentTaxYearAmt |
| Total | $198,482,722 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $27,601,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $46,246,422 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,575,035 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,080,302 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $37,979,875 | CurrentTaxYearAmt |
| Total | $198,482,722 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $43,623,968 | SubstantialContributorsTotAmt |
| Public Support Total170 | $154,858,754 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,820,466 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,533,190 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,459,529 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,390,163 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,480,507 | CurrentTaxYearAmt |
| Total | $30,683,855 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $28,884 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,628 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,775 | CurrentTaxYearMinus2YearsAmt |
| Total | $100,287 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $229,266,864 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,060,695,955 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67545 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67121 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $1 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | 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) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| 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 | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $391,463,550 | BeginningYearBalanceAmt |
| Contributions | $5,296,080 | ContributionsAmt |
| Investment Earnings Or Losses | $38,869,570 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,139,346 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,569,715 | OtherExpendituresAmt |
| End Year Balance | $421,920,139 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $346,696,532 | BeginningYearBalanceAmt |
| Contributions | $12,903,198 | ContributionsAmt |
| Investment Earnings Or Losses | $44,250,790 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,949,676 | GrantsOrScholarshipsAmt |
| Other Expenditures | $9,437,294 | OtherExpendituresAmt |
| End Year Balance | $391,463,550 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.33500 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.23100 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.43400 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,600,545 | OtherCostOrOtherBasisAmt |
| Book Value | $1,600,545 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $436,104,063 | OtherCostOrOtherBasisAmt |
| Depreciation | $220,594,930 | DepreciationAmt |
| Book Value | $215,509,133 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $63,266,964 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,968,608 | DepreciationAmt |
| Book Value | $25,298,356 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,235,498 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,520,109 | DepreciationAmt |
| Book Value | $26,715,389 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $269,123,423 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $240,551,423 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $240,551,423 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| MARKET VALUE OF INT RATE CONTR | $10,015,251 |
| GOVT ADVANCES FOR STUDENT LOAN | $1,404,497 |
| LEASE LIABILITIES | $5,372,299 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $16,792,047 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, 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. |
| SCHEDULE D, PART V, LINE 4 | BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 290 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS, AND OTHER EDUCATIONAL SERVICES. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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
Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| East Asia and the Pacific | Program Services | ELECTIVE ABROAD | $7,760 |
| Sub-Saharan Africa | Program Services | ELECTIVE ABROAD | $3,632 |
| Europe (Including Iceland and Greenland) | Program Services | ELECTIVE ABROAD | $585 |
| Middle East and North Africa | Program Services | ELECTIVE ABROAD | $1,030 |
| North America | Program Services | ELECTIVE ABROAD | $480 |
| South America | Program Services | ELECTIVE ABROAD | $725 |
| East Asia and the Pacific | Program Services | STUDENT STUDY ABROAD | $409,466 |
| Europe (Including Iceland and Greenland) | Program Services | STUDENT STUDY ABROAD | $2,489,405 |
| Central America and the Caribbean | Investments | $24,905,225 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $27,818,308 | SubtotalSpentAmt |
| Total Spent | $27,818,308 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL GRANTS/SCHOLARSHIP | GrantTypeTxt |
| Recipient | 1503 | RecipientCnt |
| Cash Grant | $49,406,789 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| SCHEDULE I, PART III | THE CASH GRANT IS REFLECTED ON STUDENTS' ACCOUNTS. |
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 |
| Written Policy Ref T And E Expnss | false | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (true) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (true) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DONNA BONAPARTE | ||||||||||||||
| VP FOR HR SEE SCHEDULE O | $264,966 | $0 | $0 | $0 | $3,043 | $0 | $21,095 | $0 | $11,674 | $0 | $300,778 | $0 | $0 | $0 |
| EDWARD CHIU | ||||||||||||||
| SR. VP OF ADVANC. SEE SCH O | $574,248 | $0 | $0 | $0 | $12,630 | $0 | $29,690 | $0 | $47,336 | $0 | $663,904 | $0 | $0 | $0 |
| KATHERINE CRAVEN | ||||||||||||||
| CHIEF ADMIN OFFICER | $405,683 | $0 | $0 | $0 | $18,630 | $0 | $27,057 | $0 | $655 | $0 | $452,025 | $0 | $0 | $0 |
| JANE EDMONDS | ||||||||||||||
| VP PROG & COMM OUT SEE SCH O | $163,285 | $0 | $0 | $0 | $766 | $0 | $11,716 | $0 | $4,305 | $0 | $180,072 | $0 | $0 | $0 |
| PHILLIP KNUTEL | ||||||||||||||
| FORMER OFFICER/CIO SEE SCH O | $337,824 | $0 | $0 | $0 | $20,220 | $0 | $23,670 | $0 | $37,336 | $0 | $419,050 | $0 | $0 | $0 |
| MICHAEL LAYISH | ||||||||||||||
| SECRETARY & CLERK | $252,067 | $0 | $0 | $0 | $391 | $0 | $21,231 | $0 | $36,537 | $0 | $310,226 | $0 | $0 | $0 |
| MARK RICE | ||||||||||||||
| PROFESSOR | $345,024 | $0 | $0 | $0 | $3,016 | $0 | $26,800 | $0 | $28,081 | $0 | $402,921 | $0 | $0 | $0 |
| MARY ROSE | ||||||||||||||
| VP CAMPUS/COMM AFFRS SEE SCH O | $262,879 | $0 | $0 | $0 | $21,679 | $0 | $23,209 | $0 | $28,208 | $0 | $335,975 | $0 | $0 | $0 |
| STEPHEN SPINELLI | ||||||||||||||
| TRUSTEE/PRESIDENT | $595,243 | $0 | $0 | $0 | $87,378 | $0 | $31,446 | $0 | $56,318 | $0 | $770,385 | $0 | $0 | $0 |
| DIANA ZAIS | ||||||||||||||
| VP FOR DEVELOPMENT SEE SCH O | $294,933 | $0 | $0 | $0 | $1,845 | $0 | $22,716 | $0 | $28,192 | $0 | $347,686 | $0 | $0 | $0 |
| MARK POTTER | ||||||||||||||
| PROFESSOR | $347,087 | $0 | $0 | $0 | $552 | $0 | $19,706 | $0 | $36,287 | $0 | $403,632 | $0 | $0 | $0 |
| JAY RAO | ||||||||||||||
| PROFESSOR | $339,355 | $0 | $0 | $0 | $779 | $0 | $15,286 | $0 | $35,458 | $0 | $390,878 | $0 | $0 | $0 |
| DR WIDDER | ||||||||||||||
| VP OF INNOVATION | $350,234 | $0 | $0 | $0 | $483 | $0 | $17,496 | $0 | $31,820 | $0 | $400,033 | $0 | $0 | $0 |
| KENICHI MATSUNO EFF 101620 | ||||||||||||||
| VP ACADEMIC AFFAIRS & DEAN | $250,000 | $0 | $0 | $0 | $1,584 | $0 | $19,746 | $0 | $475 | $0 | $271,805 | $0 | $0 | $0 |
| RICHARD BLISS | ||||||||||||||
| PROFESSOR | $406,452 | $0 | $0 | $0 | $1,584 | $0 | $19,706 | $0 | $11,656 | $0 | $439,398 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 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 2020 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). |
| 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 (2017) | ||||||||
| A | 043431814 | 57584YBM0 | 2017-12-26 | $38,092,499 | ATH/WELLNESS CENTER CONST. | false | false | false |
| MA DEVELOPMENT FINANCE AGENCY (2015B) | ||||||||
| B | 043431814 | 000000000 | 2015-08-28 | $37,000,000 | SEE PART VI | false | false | false |
| MA DEVELOPMENT FINANCE AGENCY (2015A) | ||||||||
| C | 043431814 | 57584XCC3 | 2015-08-05 | $26,750,183 | REFINANCE DEBT (2005A) AND (2007A) | false | false | false |
| MA DEVELOPMENT FINANCE AGENCY (2013) | ||||||||
| D | 043431814 | 000000000 | 2013-07-17 | $35,000,000 | NEW BUILDING, MISC PROJECT | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,575,000 | $0 | $38,669,269 | $0 | $0 | $0 | $444,320 | $0 | $0 | $38,224,949 | $0 | $0 | 2020 | false | false | false | Yes (true) |
| B | $4,166,098 | $0 | $37,008,961 | $0 | $0 | $0 | $246,942 | $0 | $0 | $36,762,019 | $0 | $0 | 2017 | false | false | Yes (true) | Yes (true) |
| C | $3,955,000 | $0 | $26,750,183 | $0 | $0 | $0 | $312,136 | $0 | $0 | $0 | $26,438,047 | $0 | 2015 | Yes (true) | Yes (true) | Yes (true) | Yes (true) |
| D | $5,653,060 | $0 | $35,059,260 | $0 | $0 | $0 | $118,081 | $0 | $0 | $34,941,179 | $0 | $0 | 2014 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0 | false | false | false | Yes (true) | |||
| B | false | false | false | false | 0 | false | false | false | Yes (true) | |||
| C | false | false | Yes (true) | false | 0.00090 | false | false | false | Yes (true) | Yes (true) | 0.00000 | 0.00090 |
| D | false | false | false | false | 0 | false | false | false | Yes (true) |
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 | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||
| A | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| B | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| C | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| D | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART I, BOND ISSUES: | FormAndLineReferenceDesc |
| Explanation | SCHEDULE K, PART I, ROW B, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2015B) DESCRIPTION OF PURPOSE: RENOV RESIDENCE HALLS, NEW ATHLETIC BLDG, MISC PROJECT. SCHEDULE K, PART I, ROW A, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2011A) DESCRIPTION OF PURPOSE: REFINANCE DEBT (1998A) BLANK CENTER SCHEDULE K, PART I, ROW B, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2008A) DESCRIPTION OF PURPOSE: REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD SCHEDULE K, PART II, COLUMN A, B, & D, LINE 3: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND SCHEDULE K, PART II, COLUMN C, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW. SCHEDULE K, PART II, COLUMNS A and B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW SCHEDULE K, PART IV, BONDS A and B, LINE 2C: THE REBATE COMPUTATION DATES MA DEVELOPMENT FIN AGENCY (2011A) - JULY, 2014 MA DEVELOPMENT FIN AGENCY (2008A) - APRIL, 2015 SCHEDULE K, PART II, COLUMN C, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW SCHEDULE K, PART IV, COLUMN B, LINE 2C: AN ARBITRAGE REBATE COMPUTATION WAS PERFORMED ON 07/31/2021 SCHEDULE K, PART IV COLUMN C, LINE 2C: AN ARBITRAGE REBATE COMPUTATION WAS PERFORMED ON 07/31/2021 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY (2011A) | ||||||||
| A | 043431814 | 57583UGH5 | 2011-07-07 | $14,518,050 | SEE PART VI | false | false | false |
| MA DEVELOPMENT FINANCE AGENCY (2008A) | ||||||||
| B | 043431814 | 57583RUW3 | 2008-04-17 | $36,475,000 | SEE PART VI | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $9,790,000 | $0 | $14,518,050 | $0 | $0 | $0 | $243,275 | $0 | $0 | $0 | $14,274,775 | $0 | 2011 | Yes (true) | false | Yes (true) | Yes (true) |
| B | $12,385,000 | $0 | $36,475,000 | $0 | $0 | $0 | $250,504 | $29,208 | $0 | $0 | $36,195,288 | $0 | 2008 | Yes (true) | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | 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 | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0 | 0.00000 | 0.00000 | false | false | false | Yes (true) |
| B | false | false | false | false | 0 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 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 | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||||
| A | false | false | Yes (true) | Yes (true) | false | false | false | 0 | false | Yes (true) | ||
| GOLDMAN SACHS | ||||||||||||
| B | false | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | false | 0 | false | Yes (true) | 25. | false |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 43 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,001,546 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. OF HI&LOW-DATE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE M, PART I, LINE 32B | BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. |
| SCHEDULE M, PART I, COLUMN (B) | BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | ORGANIZATION'S MISSION BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH 2,668 UNDERGRADUATE AND 1,108 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. |
| FORM 990, PART VI, SECTION A, LINE 1 | 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 A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS IN OCTOBER 2020 TO RECLASSIFY CERTAIN OFFICER POSITIONS. SEE FORM 990, PART VII, SECTION A FOOTNOTE BELOW FOR ADDITIONAL DETAILS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY MANAGEMENT AND PRICEWATERHOUSECOOPERS, LLP "PWC". 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. PWC 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 JANUARY 2016, BABSON COLLEGE AMENDED ITS BYLAWS TO RE-CLASSIFY CERTAIN POSITIONS. AS SUCH, THEY WILL NO LONGER BE CLASSIFIED AS OFFICERS AND GOING FORWARD WILL BE LISTED AS FORMER OFFICERS. FORMER OFFICERS DUE TO AMENDED BYLAWS INCLUDE: PHILLIP KNUTEL DONNA BONAPARTE DIANA ZAIS JANE EDMONDS EFFECTIVE OCTOBER 2020, BABSON COLLEGE AMENDED ITS BYLAWS TO RE-CLASSIFY CERTAIN POSITIONS. AS SUCH, THEY WILL NO LONGER BE CLASSIFIED AS OFFICERS AND NEXT YEAR WILL BE LISTED AS FORMER OFFICERS. FORMER OFFICERS DUE TO AMENDED BYLAWS INCLUDE: MARY ROSE 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 | SUPPT ORG | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 509(A)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 12A,I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | 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 Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | TRUST | EntityTypeTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BABSON GLOBAL INC | ||
| L | $1,251,346 | COST PLUS OVERH |
| BABSON GLOBAL INC | ||
| N | INCL IN ABOVE | |