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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. 208407695 true true false true false false false true false true true true false false true false false true true true true false false false true false false false true true true false false false false false false false false true true true false false false false true true true false false true 465 0 true 2369 true true true false false false false true true false false false false X 43 40 true false false false false false false true true false false false true true true true false true true false CA MA X X X RICHARD BOWMAN 7812395298 231 FOREST STREET Babson Park MA 024570310 X MICHAEL J ANGELAKIS TRUSTEE 1.2 0.0 X 0 0 0 THE HONOR CRAIG BENSON TRUSTEE 1.2 0.0 X 0 0 0 ETTORE V BIAGIONI TRUSTEE 1.2 0.0 X 0 0 0 KHALED BICHARA TRUSTEE (START 10/16) 1.2 0.0 X 0 0 0 HOWARD BROWN TRUSTEE 1.2 0.0 X 0 0 0 MARLA M CAPOZZI VICE CHAIR, BOARD OF TRUSTEES 1.2 0.0 X X 12566 0 0 PAUL W CHISHOLM TRUSTEE 1.2 0.0 X 0 0 0 SAID DARWAZAH TRUSTEE (START 10/16) 1.2 0.0 X 0 0 0 THEODORE A CLARK TRUSTEE (UNTIL 10/16) 1.2 0.0 X 0 0 0 RICHELIEU DENNIS TRUSTEE (START 5/17) 1.2 0.0 X 0 0 0 DEBORAH DESANTIS TRUSTEE 1.2 0.0 X 0 0 0 GARY T DICAMILLO TRUSTEE 1.2 0.0 X 0 0 0 CRAIG M DONALDSON TRUSTEE 1.2 0.0 X 0 0 0 HARISH M FABIANI TRUSTEE 1.2 0.0 X 0 0 0 FRANK M FISCHER TRUSTEE 1.2 0.0 X 0 0 0 THOMAS F GILBANE JR TRUSTEE 1.2 0.0 X 0 0 0 BRETT A GORDON TRUSTEE 1.2 0.0 X 0 0 0 LEONARD GREEN TRUSTEE 1.2 0.0 X 0 0 0 DR KERRY HEALEY TRUSTEE/PRESIDENT 40.0 0.0 X X 723698 0 61810 JAMES HERBERT II TRUSTEE 1.2 0.0 X 0 0 0 BRUCE T HERRING VICE CHAIR, BOARD OF TRUSTEES 1.2 0.0 X X 0 0 0 ERIC G JOHNSON TRUSTEE (UNTIL 10/16) 1.2 0.0 X 0 0 0 JOHN JOHNSON TRUSTEE 1.2 0.0 X 0 0 0 FRED SC KIANG TRUSTEE 1.2 0.0 X 0 0 0 CARMELLA KLETJIAN TRUSTEE 1.2 0.0 X 0 0 0 DAVID F LAMERE TRUSTEE 1.2 0.0 X 0 0 0 SUCHITRA LOHIA TRUSTEE 1.2 0.0 X 0 0 0 MICHAEL S LORBER TRUSTEE 1.2 0.0 X 0 0 0 DAVID LUCCHINO TRUSTEE (UNTIL 10/16) 1.2 0.0 X 0 0 0 MANOJ NARENDER MADNANI TRUSTEE 1.2 0.0 X 0 0 0 CARLOS MATTOS TRUSTEE 1.2 0.0 X 0 0 0 JEFFREY J MCLANE TRUSTEE 1.2 0.0 X 0 0 0 RAMON MENDIOLA TRUSTEE (START 5/17) 1.2 0.0 X 0 0 0 DR RICHARD K MILLER TRUSTEE 1.2 0.0 X 0 0 0 JEFFERY PERRY TRUSTEE (START 5/17) 1.2 0.0 X 0 0 0 RICHARD A RENWICK TRUSTEE 1.2 0.0 X 0 0 0 KENNETH G ROMANZI TRUSTEE 1.2 0.0 X 0 0 0 JAMES A RULLO TRUSTEE 1.2 1.2 X 0 0 0 DIANNE SAHENK TRUSTEE (START 5/17) 1.2 0.0 X 0 0 0 CAROLINA SAMSING TRUSTEE 1.2 0.0 X 0 0 0 AMANDA STRONG TRUSTEE 1.2 0.0 X 0 0 0 MEAGHAN TOOTHAKER TRUSTEE 1.2 0.0 X 0 0 0 MARTHA D VORLICEK TREASURER, BOARD OF TRUSTEES 1.2 0.0 X X 0 0 0 ROBERT E WEISSMAN TRUSTEE 1.2 0.0 X 0 0 0 JOSEPH WINN CHAIR, BOARD OF TRUSTEES 1.2 1.2 X X 0 0 0 GARY ZWERLING TRUSTEE 1.2 0.0 X 0 0 0 MARNI ALLEN ASSISTANT CLERK 40.0 20.0 X 140849 0 13840 EDWARD CHIU SR. VP OF ADVANCEMENT 40.0 0.0 X 379333 0 36915 KATHERINE CRAVEN CHIEF ADMIN OFFICER 40.0 0.0 X 396607 0 30058 MICHAEL JOHNSON PROVOST (START 7/16) 40.0 0.0 X 196880 0 5430 MICHAEL LAYISH VP GEN COUN/SECTRY(AS OF 2/17) 40.0 0.0 X 174358 0 47683 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 40.0 0.0 X 264398 0 53458 JONATHAN MOLL VP GEN COUN/SECTRY(UNTIL 2/17) 40.0 20.0 X 317618 0 51685 ELAINE EISENMAN DEAN OF BEE (UNTIL 8/16) 40.0 0.0 X 401998 0 40248 JANICE BELL MANAGING DIR OF BABSON GLOBAL 40.0 0.0 X 404529 0 31049 HEIDI NECK PROFESSOR 40.0 0.0 X 380843 0 40185 ANDREW L ZACHARAKIS PROFESSOR 40.0 0.0 X 373379 0 53507 RICHARD BLISS PROFESSOR 40.0 0.0 X 378584 0 32636 JAY A RAO PROFESSOR 40.0 0.0 X 367166 0 45843 GORDON PRICHETT FORMER PROVOST-INTERIM 0.0 0.0 X 195059 0 18928 DIANA ZAIS VP FOR DEVELOPMENT SEE SCH O 40.0 0.0 X 219268 0 54233 CAROL HACKER VP ALUMNI & FRIENDS SEE SCH O 40.0 0.0 X 153029 0 23601 DONNA BONAPARTE VP FOR HR SEE SCH O 40.0 0.0 X 238086 0 36059 JANE EDMONDS VP PROG & COMM OUT SEE SCH O 40.0 0.0 X 147537 0 20208 ALFRED NANNI FACULTY 40.0 0.0 X 234344 0 38035 SHAHID ANSARI CEO BABSON GLOBAL 0.0 40.0 X 465354 0 30031 PHILLIP KNUTEL CIO SEE SCH O 40.0 0.0 X 271565 0 47521 6837048 0 812963 294 true true false CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 2613447 FIFTY EGGS INC 231 FOREST STREET-WOODLAND HILL BLD BABSON PARK MA 02457 MEDIA FILM 1461337 ADVANCE SIGNING LLC 4 INDUSTRIAL PARK ROAD MEDWAY MA 02053 SIGN DESIGN 369392 CSL CONSULTING LLC 30 NORTH AVENUE BURLINGTON MA 01803 CONSULTING 286714 PRICEWATERHOUSE COOPERS LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 AUDIT & TAX SERVICE 280325 23 69496 732092 26799500 702422 27601088 TUITION & FEES 900099 158943202 158943202 ROOM & BOARD 900099 28902406 28902406 ED/NON-ED PROGRAM REVENUE 900099 22710327 22296708 413619 210555935 2082735 -34323 2117058 220910 220910 0 3516821 3516821 0 3516821 3516821 75139846 68029699 7110147 7110147 94715 7015432 28644 69496 31163 -2519 -2519 240 3762 -3522 -3522 0 0 0 0 251081595 210142316 474011 12864180 0 42127067 42127067 0 0 4170725 1779108 1956553 435064 2314051 993118 1017298 303635 88449338 73692041 11403957 3353340 6735139 5611417 868376 255346 10291101 8574086 1326853 390162 5931643 4941980 764779 224884 0 449576 120723 328853 538374 7380 530994 0 0 323316 323316 1686736 790405 896331 5009192 4194831 790189 24172 4663969 3159341 1148540 356088 8507723 7821012 603113 83598 0 9020811 8867762 116772 36277 7382117 4893651 1936269 552197 0 2798865 2669673 115346 13846 5833048 5833048 0 13519077 13289710 175001 54366 0 FOOD & BEVERAGE SERVICE 7927135 7927135 PROFESSIONAL CONSULTING 6345071 5095302 1019881 229888 ROOM, CONF, & ADMIN 3154517 3154517 TAX 14396 3459 10937 6601643 2537613 2249612 1814418 243794630 208407695 27259654 8127281 33065763 38743423 0 0 32860979 35073793 6444047 5384145 0 0 0 0 3822559 3377598 0 0 5181564 4758577 430911442 242160287 183257740 188751155 260012823 297909496 86683709 93554054 0 0 0 0 22625572 11329532 633954756 678881773 24396013 21631261 0 0 27555228 39580768 137372331 131028694 0 0 0 0 23820000 22955000 0 0 20314687 15395404 233458259 230591127 X 165033726 184159388 116459383 137171141 119003388 126960117 400496497 448290646 633954756 678881773 7286965 40507184 X X false true X true true true X 11275700 20810199 17512072 22073133 27601088 99272192 0 0 11275700 20810199 17512072 22073133 27601088 99272192 8092980 91179212 6347086 4838469 6274065 5071525 5820466 28351611 111208 1040698 1151906 66345 48260 73190 28884 216679 128992388 997648004 0.70686 0.64340 X FORM 990, SCHEDULE A, PART II, LINE 10 COLUMNS (A),(B),(C),(E) - 2012, 2013, 2015, 2016: LINE 10 INCLUDES INCOME FROM FUNDRAISING AND GAMING ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1 1 false 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 false 346696532 12903198 44250790 2949676 9437294 391463550 348628929 17401454 -7624128 2577169 9132554 346696532 332014635 9318164 17977769 2464963 8216676 348628929 275519968 26558248 39608164 2223083 7448662 332014635 239492137 11995372 33419630 2173736 7213435 275519968 0.41000 0.31000 0.28000 false false 1600545 1600545 332683458 180565252 152118206 54545066 40750784 13794282 42082373 20844251 21238122 188751155 ALTERNATIVE INVESTMENTS 93554054 F 93554054 0 GOVT ADVANCES FOR STUDENT LOANS 3105115 MARKET VALUE OF INT RATE CONTRACTS 12290289 15395404 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 250 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS, AND OTHER EDUCATIONAL SERVICES. true true true true true true true false false false false false false false false true false true 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. SCHEDULE E, PART I, LINE 6 GOVERNMENT FINANCIAL AID BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. Central America and the Caribbean Program Services STUDENT STUDY ABROAD 13220 East Asia and the Pacific Program Services STUDENT STUDY ABROAD 568718 Europe (Including Iceland and Greenland) Program Services STUDENT STUDY ABROAD 2310841 South America Program Services STUDENT STUDY ABROAD 117759 Sub-Saharan Africa Program Services ELECTIVE ABROAD 30372 East Asia and the Pacific Program Services ELECTIVE ABROAD 226698 Europe (Including Iceland and Greenland) Program Services ELECTIVE ABROAD 330163 Middle East and North Africa Program Services ELECTIVE ABROAD 43718 South America Program Services ELECTIVE ABROAD 65247 Central America and the Caribbean Investments 46843768 East Asia and the Pacific 26 Program Services EXECUTIVE EDUCATION 602223 Europe (Including Iceland and Greenland) 15 Program Services EXECUTIVE EDUCATION 274486 Middle East and North Africa 10 Program Services EXECUTIVE EDUCATION 206508 North America 8 Program Services EXECUTIVE EDUCATION 92416 Russia and the Newly Independent States 2 Program Services EXECUTIVE EDUCATION 51434 South Asia 3 Program Services EXECUTIVE EDUCATION 37637 South America 8 Program Services EXECUTIVE EDUCATION 456354 South Asia Fundraising DEVELOPMENT 7504 East Asia and the Pacific Fundraising DEVELOPMENT 72249 Europe (Including Iceland and Greenland) Fundraising DEVELOPMENT 20912 North America Fundraising DEVELOPMENT 7091 South America Fundraising DEVELOPMENT 2867 72 72 52271562 110623 52382185 true false true true true true SCHEDULE F, PART I, LINE 3 ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. PRESIDENTS CUP 98140 69496 28644 24107 7056 0 98140 69496 28644 24107 7056 31163 -2519 231 FOREST STREET BABSON PARK MA 02457 true INSTITUTIONAL GRANTS/SCHOLARSHIP 1484 42127067 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. X X X X X false true X X X true true false true false false false true true true DR KERRY HEALEY TRUSTEE/PRESIDENT 632172 0 0 0 91526 0 29430 0 32380 0 785508 0 0 0 GORDON PRICHETT FORMER PROVOST-INTERIM 175514 0 0 0 19545 0 18630 0 298 0 213987 0 0 0 MARNI ALLEN ASSISTANT CLERK 140752 0 0 0 97 0 13549 0 291 0 154689 0 0 0 EDWARD CHIU SR. 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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 AND ANY CLEANING SERVICES, IF PROVIDED, ASSOCIATED WITH THE PROPERTY ARE INCLUDED AS A NONTAXABLE BENEFIT. GROSS-UP PAYMENTS: IN CONNECTION WITH THE COLLEGE'S NONQUALIFIED 457(F) ARRANGEMENT WITH ITS PRESIDENT, THE COLLEGE MADE CERTAIN TAX PAYMENTS ON THE PRESIDENT'S BEHALF. THESE PAYMENTS ARE TREATED AS TAXABLE AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). HEALTH OR SOCIAL CLUB: THE PRESIDENT 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 4A ELAINE EISENMAN SEPARATED FROM THE COLLEGE IN AUGUST 2016. IN CONNECTION WITH HER SEPARATION, SHE WILL RECEIVE SALARY CONTINUATION THROUGH JUNE 2017. TOTAL PAYMENTS OF $150,885 RECEIVED UNDER THIS AGREEMENT IN 2016 ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). SCHEDULE J, PART I, LINE 4B EFFECTIVE JULY 1, 2013 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 HER ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR SHE HOLDS THE TITLE OF THE PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN ARE 100% VESTED AT THE TIME OF THE AWARD. $52,500 WAS CREDITED IN 2016 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). SCHEDULE J, PART I, LINE 5 ONE KEY EMPLOYEE HAS AN INCENTIVE PLAN BASED ON THE PERFORMANCE OF CERTAIN PROGRAMS AT THE COLLEGE. 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 DR. KERRY HEALEY IS UNDER HER INITIAL CONTRACT WITH BABSON COLLEGE. A MA DEVELOPMENT FINANCE AGENCY (2007A) 043431814 57583RSCO 2007-10-04 21336830 SEE PART VI false false false B MA DEVELOPMENT FINANCE AGENCY (2008A) 043431814 57583RUW3 2008-04-17 36475000 SEE PART VI false false false C MA DEVELOPMENT FINANCE AGENCY (2011A) 043431814 57583UGH5 2011-07-07 14518050 SEE PART VI false false false D MA DEVELOPMENT FINANCE AGENCY (2013) 043431814 000000000 2013-07-17 35000000 SEE PART VI false false false A 6845000 12640000 21336830 0 0 0 315976 242000 0 0 20778854 0 2007 true false true true B 7755000 0 36475000 0 0 0 250504 29208 0 0 36195288 0 2008 true false true true C 5850000 0 14518050 0 0 0 243275 0 0 0 14274775 0 2011 true false true true D 2759583 0 35059260 0 0 0 118081 0 0 34941179 0 0 2014 false false true true A false false false false 0.00700 0.00000 0.00700 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true D false false false false 0.01100 0.00000 0.01100 false false false true A false false true true false false 0 false false false 0 false true B false false true true true true GOLDMAN SACHS 25. false false 0 false true C false false true true false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2007A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT(1997A) FOR THE CONSTRUCTION OF SORENSON & THE CHAPEL. SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2008A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT(2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2011A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT(1998A) BLANK CENTER SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2013) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: NEW BUILDING, MISC. PROJECT SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2015A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT (2005A) AND (2007A) SCHEDULE K, PART I, COLUMN B, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2015B) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: RENO RESIDENCE HALLS NEW ATHLETIC CENTER SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE FOR THE 2013 AND 2015B BONDS DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND SCHEDULE K, PART IV, LINE 2C, THE REBATE COMPUTATION DATES: MA DEVELOPMENT FIN AGENCY (2007A) - OCTOBER, 2014 MA DEVELOPMENT FIN AGENCY (2008A) - APRIL, 2015 MA DEVELOPEMNT FIN AGENCY (2011A) - JULY, 2014 A MA DEVELOPMENT FINANCE AGENCY (2015A) 043431814 57584XCC3 2015-08-05 26750183 SEE PART VI false false false B MA DEVELOPMENT FINANCE AGENCY (2015B) 043431814 000000000 2015-08-28 37000000 SEE PART VI false false false A 315000 0 26750183 0 0 12974019 312136 0 0 0 13464028 0 true true false true B 1265346 0 37008044 0 0 0 246942 0 0 27631105 0 9129997 2017 false false false true A false false true true false 0.00500 0.00000 0.00500 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true JANICE BELL SPOUSE OF FORMER PROVOST 435578 FACULTY WAGES false GILBANE CONSTRUCTION TRUSTEE IS OWNER 1011445 CONSTRUCTION SERVICES false SCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: JANICE BELL (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF THE FORMER PROVOST (C) AMOUNT OF TRANSACTION $435,578 (D) DESCRIPTION OF TRANSACTION: FACULTY WAGES PAID (E) SHARING OF ORGANIZATION REVENUES? - NO (A) NAME OF PERSON: GILBANE CONSTRUCTION (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE IS OWNER (C)AMOUNT OF TRANSACTION: $1,011,445 (D)DESCRIPTION OF TRANSACTION: CONSTRUCTION SERVICES - TRANSACTION BETWEEN BABSON COLLEGE AND GILBANE CONSTRUCTION WAS REVIEWED USING NORMAL PROCUREMENT PROCEDURES. TRANSACTION WAS ARMS-LENGTH AND AT FAIR MARKET VALUE (E) SHARING OF ORGANIZATION REVENUES? - NO X 35 702422 AVG. OF HI&LOW-DATE false true false SCHEDULE M, LINE 32B BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. COLUMN (B): BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). 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 APPROXIMATELY 2100 UNDERGRADUATE AND 900 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 TRUSTEE JOHN JOHNSON AND ERIC JOHNSON HAVE A FAMILY RELATIONSHIP. 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 14 CURRENTLY THE COLLEGE HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, BUT HAS NOT BEEN APPROVED BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, OFFICERS, AND KEY EMPLOYEES 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 CHANGES TO COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES 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 MARLA M. CAPOZZI RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL OF HER COMPENSATION WAS FOR HER SERVICE AS AN ADJUNCT LECTURER. ALFRED NANNI AND SHAHID ANSARI ARE FORMER PROVOSTS OF BABSON COLLEGE. 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. 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 FINANICAL STATEMENTS. BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 SUPPT ORG MA 509(A)(3) LINE 11A, I BABSON COLLE false CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA NA TRUST false false false false false false true false false false false false true false true false false false false true BABSON GLOBAL INC L 2967271 COST PLUS OVERH BABSON GLOBAL INC N INCL IN ABOVE BABSON GLOBAL INC S 1200000 ACTUAL COST