2014-05-06T13:46:45-05:00 2013-06-30 134008324 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 990 2012-07-01 042103544 BABSON COLLEGE BABS 7812351200 231 FOREST ST BABSON PARK MA 024570310 PHILIP N SHAPIRO 7812395698 2014-05-06 1 GWEN SPENCER P00641463 6175305000 2012 2015-11-30 17:44:51Z LEONARD SCHLESINGER 231 FOREST STREET BABSON PARK MA 02457 238026362 0 X WWW.BABSON.EDU X 1919 MA BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2000 UNDERGRADUATE AND 1200 GRADUATE ENROLLMENT. WE EDUCATE MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. THROUGHOUT THEIR CAREERS, WE PREPARE THEM TO IDENTIFY OPPORTUNITIES AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. 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. 36 30 2191 2586 1260615 -110554 22033031 11275700 179699975 188299609 3707010 8284641 2245467 2515153 207685483 210375103 31608136 32996104 0 0 90226253 95661791 0 0 3863620 69841417 70147921 191675806 198805816 16009677 11569287 463027872 497548639 159747713 151965895 303280159 345582744 BABSON COLLEGE EDUCATES MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. WE PREPARE THEM, IDENTIFY OPPORTUNITIES AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. 0 0 173121755 32996104 188310692 BABSON COLLEGE ENROLLS APPROXIMATELY 2,000 UNDERGRADUATE AND 1,200 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 70 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. 173121755 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 1 346 0 1 2191 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 30 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA CA X X X RICHARD BOWMAN 7812395298 NICHOLS BUILDINGBABSON COLLEGE BABSON PARK MA 024570301 X MICHAEL J ANGELAKIS 1.20 X 0 0 0 JACQUELINE GIORDANO BEDARD 1.20 X 0 0 0 THE HONOR CRAIG BENSON 1.20 X X 0 0 0 MARLA M CAPOZZI 1.20 1.20 X 0 0 0 PAUL W CHISHOLM 1.20 X 0 0 0 THEODORE A CLARK 1.20 X X 0 0 0 ANN-MARIE SWEENEY COPLAND 1.20 X 0 0 0 TIMOTHY A DEMELLO 1.20 X 0 0 0 DEBORAH DESANTIS 1.20 X 0 0 0 GARY T DICAMILLO 1.20 X 12630 0 0 FRANK M FISCHER 1.20 X 0 0 0 MARCO A GARGUREVICH 1.20 X 0 0 0 THOMAS F GILBANE JR 1.20 X 0 0 0 MUHAMMAD H HABIB 1.20 X 0 0 0 BRUCE T HERRING 1.20 X 0 0 0 ERIC G JOHNSON 1.20 X 0 0 0 FRED SC KIANG 1.20 X 0 0 0 CARLETON F KILMER 1.20 X 0 0 0 CARMELLA KLETJIAN 1.20 X 0 0 0 KAY KOPLOVITZ 1.20 X 0 0 0 DAVID F LAMERE 1.20 X 0 0 0 LOUIS J LAVIGNE JR 1.20 1.20 X 0 0 0 WARREN KK LUKE 1.20 X 0 0 0 ANDRONICO LUKSIC 1.20 X 0 0 0 CARLOS MATTOS 1.20 X 0 0 0 DR RICHARD K MILLER 1.20 X 0 0 0 GORDON PRICHETT 1.20 X 11250 0 0 RICHARD A RENWICK 1.20 X 0 0 0 KENNETH G ROMANZI 1.20 X 0 0 0 THOMAS T STALLKAMP 1.20 1.20 X 0 0 0 DELIA H THOMPSON 1.20 X X 0 0 0 MARTHA D VORLICEK 1.20 X 0 0 0 ROBERT E WEISSMAN 1.20 X 0 0 0 JOSEPH L WINN 1.20 1.20 X X 0 0 0 GARY ZWERLING 1.20 X 0 0 0 DR LEONARD A SCHLESINGER 60.00 X X 642393 0 222768 SHAHID ANSARI 40.00 20.00 X 347650 0 27798 DENNIS HANNO 40.00 X 338302 0 84624 MARY ROSE 40.00 X 208402 0 43803 DIANA ZAIS 40.00 X 193870 0 47734 CAROL HACKER 40.00 X 179570 0 34010 PHILIP SHAPIRO 40.00 X 279364 0 53924 DONNA BONAPARTE 40.00 X 210990 0 35392 GRANT GOSSELIN 40.00 X 147011 0 41261 JONATHAN MOLL 40.00 20.00 X 230286 0 49674 SAMUEL DUNN 40.00 X 366946 0 34804 TRACEE PETRILLO 40.00 X 133818 0 21758 ELAINE EISENMAN 40.00 X 380031 0 44114 JAY RAO 40.00 X 447673 0 52949 JEAN PIERRE JEANNET 40.00 X 341368 0 29095 MICHAEL FETTERS 40.00 X 306577 0 21978 PATRICIA GUINAN 40.00 X 291639 0 53282 JOSEPH WEINTRAUB 40.00 X 308671 0 44899 PATRICIA GREENE 40.00 X 306324 0 25981 SHELLEY KAPLAN 40.00 X 166354 0 44058 TADEPALLI RAGHURAM 40.00 X 169340 0 24763 6020459 0 1038669 205 1 1 0 CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 3019012 CANON BUSINESS SOLUTIONS INC 300 COMMERCE SQUARE BOULEVARD BURLINGTON NJ 08016 PRINTING 786209 ZONE MECHANICAL INC 160 BEAR HILL ROAD WALTHAM MA 02451 HVAC 740222 EPLUS TECHNOLOGY INC 80 HUDSON ROAD CANTON MA 02021 WIRELESS IT SYSTEM 628880 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 STUDENT RECRUITING 561231 83 66300 743609 10465791 185163 11275700 TUITION & FEES 900099 141235530 141235530 ROOM & BOARD 900099 23044455 23044455 ED/NON-ED PROG. REV. 900099 22820763 22820763 OTHER ED PROG/AUX.ACT. 721000 661189 661189 OTHER ED PROG/AUX.ACT. 713990 537672 537672 188299609 3820185 61754 3758431 2526901 0 2526901 2526901 2526901 32037622 27573166 4464456 4464456 4464456 39245 66300 62076 -22831 -22831 27100 16017 11083 11083 210375103 187111831 1260615 10726957 747715 747715 32248389 32248389 4650867 1362223 2728958 559686 1235349 1112184 123165 71097528 61709373 7906691 1481464 5322684 4619851 591558 111275 8605442 7469516 955747 180179 4749921 4122693 529225 98003 221927 221927 302976 302976 4908038 4301774 606264 5834148 4677535 1033928 122685 7768674 7290173 423487 55014 5974817 5867531 81856 25430 5370303 4166202 1077442 126659 1869826 1784531 76002 9293 4959030 4959030 10110800 9931209 137023 42568 FOOD & BEVERAGE SERVICE 7923675 7923675 PROFESSIONAL CONSULTING 5163089 2807891 1304658 1050540 OTHER EXPENSES 4815937 2156401 2658712 824 ROOM, CONF. & ADMIN. 2952712 2952712 1971969 911147 1060822 198805816 173121755 21820441 3863620 47299531 48017531 31203356 30535030 5735265 6261134 3729104 3680528 4381813 4519602 327170630 200796123 128614498 126374507 166405543 183655051 73086594 91864917 2572168 2640339 463027872 497548639 14779746 16278152 10835687 10825227 71087663 68051227 39905000 39198663 23139617 17612626 159747713 151965895 X 116774000 144344420 89183536 101901919 97322623 99336405 303280159 345582744 463027872 497548639 X 11569287 25141997 5591301 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1 1 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X X 0 239492137 11995372 33419630 -2173736 -7213435 275519968 243252672 8301653 -2366163 -2152163 -7543862 239492137 197005749 18192624 37390554 -1953530 -7382725 243252672 171024282 13840252 20723572 -1907729 -6674628 197005749 216376522 4043573 -38842574 -2143564 -8409675 171024282 0.42000 0.33000 0.25000 0 0 489673 489673 256927485 152073827 104853658 35390387 31425871 3964516 34363085 17296425 17066660 126374507 ALTERNATIVE INVESTMENTS 91864917 F 91864917 GOVERNMENT ADVANCES FOR STUDENT LOANS 3102346 MARKET VALUE OF INTEREST RATE SWAP CONTRACTS 14510280 17612626 210870103 25141997 -24646997 495000 210375103 0 210375103 167543236 0 167543236 31262580 31262580 198805816 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 240 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS AND OTHER EDUCATIONAL SERVICES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID $32,248,391 CHANGE IN VALUE OF SWAP AGREEMENTS $5,591,301 BABSON GLOBAL ADJUSTMENTS $2,010,093 PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID $32,248,389 BABSON GLOBAL ADJUSTMENTS -$985,809 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 BABSON COLLEGE PROHIBITS DISCRIMINATING ON THE BASIS OF RACE, COLOR, NATIONAL, OR ETHNIC ORIGIN, RELIGION, SEX, LIFESTYLE, SEXUAL ORIENTATION PREFERENCE, AGE, HANDICAP, OR VETERAN STATUS.THIS POLICY IS PUBLISHED IN FACULTY & STAFF HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EXECUTIVE EDUCATION 4384 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICESPROGRAM SERVICESPROGRAM SERVICES EXECUTIVE EDUCATION 85435 EUROPE 0 0 PROGRAM SERVICES EXECUTIVE EDUCATION 206555 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EXECUTIVE EDUCATION 13551 SOUTH AMERICA 0 0 PROGRAM SERVICES EXECUTIVE EDUCATION 68923 EUROPE 0 0 DEVELOPMENT/FUNDRAISING 16517 EAST ASIA AND THE PACIFIC 0 0 ALUMNI RELATIONS/FUNDRAISINGPROGRAM SERVICES 528 EUROPE 0 0 ALUMNI RELATIONS/FUNDRAISING 1346 MIDDLE EAST AND NORTH AFRICA 0 0 ALUMNI RELATIONS/FUNDRAISING NORTH AMERICA 0 0 ALUMNI RELATIONS/FUNDRAISING SOUTH AMERICA 0 0 ALUMNI RELATIONS/FUNDRAISING 3353 SOUTH ASIA 0 0 ALUMNI RELATIONS/FUNDRAISING 1474 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENTS STUDY ABROAD PROGRAMS 9655 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENTS STUDY ABROAD PROGRAMS 646710 EUROPE 0 0 PROGRAM SERVICES STUDENTS STUDY ABROAD PROGRAMS 1385883 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENTS STUDY ABROAD PROGRAMS 81367 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 29944 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 254815 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 22970 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS 179880 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 45121537 0 0 0 0 0 0 397239 47737588 48134827 1 0 1 1 1 1 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. PRESIDENT'S CUP 105545 66300 39245 1605 0 46073 652 0 13746 105545 66300 39245 1605 46073 652 13746 62076 -22831 27100 1775 12887 0 1355 0 27100 1775 12887 1355 16017 11083 MA 1 0 0 0 1.00000 RICHARD BOWMAN 231 FOREST STREET BABSON PARK MA 02457 0 NONE 0 1 BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 024570310 271642647 747715 TO SUPPORT THE COLLEGE'S MISSION INTERNATIONALLY. 1 INSTITUTIONAL GRANTS/SCHOLARSHIP 1249 32248389 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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 X 0 1 X X X 0 1 0 1 0 0 0 1 0 DR LEONARD A SCHLESINGER 485303 0 0 0 157090 0 47798 0 174970 0 865161 0 0 0 SHAHID ANSARI 273947 0 37417 0 36286 0 27798 0 0 0 375448 0 0 0 DENNIS HANNO 262322 0 44657 0 31323 0 27798 0 56826 0 422926 0 0 0 MARY ROSE 190540 0 0 0 17862 0 23764 0 20039 0 252205 0 0 0 DIANA ZAIS 193081 0 0 0 789 0 22158 0 25576 0 241604 0 0 0 CAROL HACKER 179203 0 0 0 367 0 19722 0 14288 0 213580 0 0 0 PHILIP SHAPIRO 262364 0 0 0 17000 0 27798 0 26126 0 333288 0 0 0 DONNA BONAPARTE 210146 0 0 0 844 0 23376 0 12016 0 246382 0 0 0 GRANT GOSSELIN 146897 0 0 0 114 0 16505 0 24756 0 188272 0 0 0 JONATHAN MOLL 229781 0 0 0 505 0 26298 0 23376 0 279960 0 0 0 SAMUEL DUNN 349501 0 0 0 17445 0 27798 0 7006 0 401750 0 0 0 TRACEE PETRILLO 133715 0 0 0 103 0 14118 0 7640 0 155576 0 0 0 ELAINE EISENMAN 378079 0 0 0 1952 0 27798 0 16316 0 424145 0 0 0 JAY RAO 447491 0 0 0 182 0 15849 0 37100 0 500622 0 0 0 JEAN PIERRE JEANNET 340535 0 0 0 833 0 17079 0 12016 0 370463 0 0 0 MICHAEL FETTERS 305420 0 0 0 1157 0 20954 0 1024 0 328555 0 0 0 PATRICIA GUINAN 289887 0 1478 0 274 0 15682 0 37600 0 344921 0 0 0 JOSEPH WEINTRAUB 306987 0 0 0 1684 0 18773 0 26126 0 353570 0 0 0 PATRICIA GREENE 303166 0 2245 0 913 0 24957 0 1024 0 332305 0 0 0 SHELLEY KAPLAN 165531 0 0 0 823 0 18430 0 25628 0 210412 0 0 0 TADEPALLI RAGHURAM 168796 0 0 0 544 0 16357 0 8406 0 194103 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL: THE COLLEGE POLICIES ALLOW THE PRESIDENT TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES. TRAVEL FOR COMPANIONS: ON OCCASION, THE PRESIDENT'S SPOUSE TRAVELS WITH THE PRESIDENT TO CERTAIN BABSON COLLEGE FUNDRAISING AND NETWORKING EVENTS TO ASSIST IN THESE ACTIVITIES WHICH FURTHER THE MISSION OF THE COLLEGE. HOUSING ALLOWANCE: THE PRESIDENT AND THE DEAN OF THE UNDERGRADUATE SCHOOL ARE REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE 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. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ON OCCASION, CERTAIN BONUS PAYMENTS PROVIDED TO OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO A TAX GROSS-UP. SUCH GROSS UP PAYMENTS ARE APPROVED BY THE PRESIDENT. IN CONNECTION WITH CERTAIN TAXABLE REIMBURSEMENTS THE PRESIDENT RECEIVES TAX GROSS UP PAYMENTS. SUCH GROSS UP PAYMENTS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF HIS EMPLOYMENT CONTRACT. HEALTH OR SOCIAL CLUB: THE PRESIDENT RECEIVES AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. THE MEMBERSHIP FEE FOR FY2013 WAS $7,080. PART I, LINE 1B ALL 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. PART I, LINE 4B EFFECTIVE JULY 1, 2012 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 $50,000 FOR EACH PLAN YEAR HE HOLDS THE TITLE OF 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. FOR THE CURRENT PLAN YEAR AN AMOUNT OF $50,000 AND AN ACCOMPANYING TAX GROSS UP WERE INCLUDED IN TAXABLE WAGES AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 5 ONE KEY EMPLOYEE HAS A INCENTIVE PLAN BASED ON THE PERFORMANCE OF CERTAIN PROGRAMS AT THE COLLEGE. PART I, LINE 7 FROM TIME TO TIME OFFICERS AND KEY EMPLOYEES MAY RECEIVE NON-FIXED PAYMENT BONUS. ALL BONUSES ARE APPROVED BY THE PRESIDENT AND REVIEWED BY HUMAN RESOURCES. SUPPLEMENTAL INFORMATION PART III THE FORMER OFFICERS LISTED IN FORM 990 PART VII/SCHEDULE J-2 RECEIVE COMPENSATIONS AS THE FOLLOWING CURRENT POSITIONS: FORMER POSITION CURRENT POSITION PATRICIA GREENE: PROVOST FACULTY SHELLEY KAPLAN: KEY EMPLOYEE RETIRED TADEPALLI RAGHURAM: KEY EMPLOYEE A MA DEVELOPMENT FINANCE AGENCY (2005A) 043431814 57583RCV5 2005-08-31 22996717 NEW BUILDING,MISC. PROJECT, REFINANCE DEBT. 0 0 0 B MA DEVELOPMENT FINANCE AGENCY (2007A) 043431814 57583RSC0 2007-10-04 21336830 REFINANCE DEBT (1997A)-CONSTRUCTION OF SORENSON & THE CHAPEL. 0 0 0 C MA DEVELOPMENT FINANCE AGENCY (2008A) 043431814 57583RUW3 2008-04-17 36475000 REFINANCE DEBT (2002A) -NEW ASTROTURF ATHLETIC FIELD AND ETC. 0 0 0 D MA DEVELOPMENT FINANCE AGENCY (2011A) 043431814 57583UGH5 2011-07-07 14518050 REFINANCE DEBT (1998A)-BLANK CENTER,BRYANT RENOVATION, IT WORK. 0 0 0 A 6664343 22996717 333890 337000 15230149 7095678 2006 1 0 1 1 B 3613156 21336830 315976 242000 20778854 2007 1 0 1 1 C 3095000 36475000 250504 29208 36195288 2008 1 0 1 1 D 1905000 14518050 243275 14274775 2011 1 0 1 1 A 0 0 0 0 0.00110 0.00110 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 1 1 1 GOLDMAN SACHS 25.000000000000 0 0 0 0 1 D 0 1 1 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2005A) DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2012 ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2007A) DATE THE REBATE COMPUTATION WAS PERFORMED: 10/04/2012 ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2008A) DATE THE REBATE COMPUTATION WAS PERFORMED: 04/16/2013 ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2011A) DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2012 COMCAST VICE PRESIDENT IS ALSO A BABSON TRUSTEE 184260 CABLE FEES PAID 0 JANICE BELL SPOUSE OF PROVOST 225451 FACULTY WAGES PAID 0 BANK OF NEW YORK-MELLON VICE CHAIRMAN & CEO IS ALSO BABSON TRUSTEE 134627 INVESTMENT FEES PAID 0 PHYLLIS SCHLESINGER SPOUSE OF PRESIDENT 31881 FACULTY WAGES PAID 0 FIDELITY INVESTMENTS CHIEF INVESTMENT OFFICER IS ALSO BABSON TRUSTEE 403(B)RETIREMENT PLAN AND BABSON PAID NO FEES. 0 X 24 185163 AVG. OF HI&LOW-DATE TRAD 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 PURSUANT TO THE ORGANIZATION'S BYLAW, 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 TRUSTEE, 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 4 EFFECTIVE OCTOBER 20,2012, BABSON COLLEGE'S BYLAWS WERE AMENDED TO REFLECT THE REMOVAL AND ADDITION OF CERTAIN OFFICER POSITIONS AS OUTLINED BELOW: VICE CHAIRPERSONS OF THE BOARD OF TRUSTEES - NO CHANGE PRESIDENT - NO CHANGE TREASURER - NO CHANGE PROVOST - NO CHANGE EXECUTIVE VICE PRESIDENT/EXECUTIVE DEAN - REMOVED VICE PRESIDENT FOR ADMINISTRATION - REMOVED VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT - REMOVED VICE PRESIDENT OF THE BABSON ALUMNI AND FRIENDS NETWORK - NO CHANGE VICE PRESIDENT FOR FINANCE - NO CHANGE VICE PRESIDENT AND GENERAL COUNSEL - NO CHANGE CHIEF INFORMATION OFFICER - REMOVED VICE PRESIDENT FOR INSTITUTIONAL PLANNING - REMOVED CLERK - NO CHANGE VICE PROVOST, ACADEMIC PROGRAMS/DEAN, GRADUATE SCHOOL - NEW VICE PRESIDENT FOR CAMPUS AND COMMUNITY AFFAIRS - NEW VICE PRESIDENT FOR DEVELOPMENT - NEW VICE PRESIDENT FOR HUMAN RESOURCE - NEW VICE PRESIDENT FOR ENROLLMENT/DEAN, ADMISSIONS - NEW VICE PRESIDENT FOR FACILITIES MANAGEMENT AND CONSTRUCTION,A CHIEF INFORMATION OFFICER - NEW 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 BY 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 IT IS NOT 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 GARY T. DICAMILLO RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. GORDON PRICHETT RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AGREEMENTS 5,591,301. FORM 990 PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 SUPPORTING ORGANIZATION MA 501 (C)(3) LINE 11A, I BABSON COLLEGE 1 CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA N/A T 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 BABSON GLOBAL INC B 749516 ACTUAL COST BABSON GLOBAL INC L 4445064 COST PLUS OVERHEAD RATE BABSON GLOBAL INC N INCLUDED IN OVERHEAD ABOVE.