BABSON COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BABSON COLLEGE (EIN 04-2103544)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-07
- IRS object ID
- 201221289349300232
- Schema version
- 2010v3.4
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-07T10:23:02-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 HIGH STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103544 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BABS | NameControl |
| Phone | 7812351200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST ST | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 024570310 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILIP N SHAPIRO | Name |
| Title | VP FINANCE & CFO | Title |
| Phone | 7812395698 | Phone |
| Date Signed | 2012-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GWEN SPENCER | Name |
| Phone | 6175305000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LEONARD SCHLESINGER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 259469699 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BABSON.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1919 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2000 UNDERGRADUATE AND 1400 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 45 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 40 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2146 | TotalNbrEmployees |
| Total Nbr Volunteers | 2113 | TotalNbrVolunteers |
| Total Gross UBI | 1033595 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 58349 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8711950 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 23762424 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 162968588 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 171479294 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3513668 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6232062 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1190366 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1329583 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 176384572 | TotalRevenuePriorYear |
| Total Revenue Current Year | 202803363 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 27117868 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 29675294 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 85161004 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 89564652 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3797021 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 63324002 | OtherExpensePriorYear |
| Other Expenses Current Year | 69100340 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 175602874 | TotalExpensesPriorYear |
| Total Expenses Current Year | 188340286 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 781698 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 14463077 | RevenuesLessExpensesCY |
| Total Assets BOY | 414791267 | TotalAssetsBOY |
| Total Assets EOY | 459292167 | TotalAssetsEOY |
| Total Liabilities BOY | 164710067 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 160581490 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 250081200 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 298710677 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 164883938 | Expense |
| Grants | 29675294 | Grants |
| Revenue | 171487251 | Revenue |
| Description | BABSON COLLEGE ENROLLS APPROXIMATELY 2,000 UNDERGRADUATE AND 1,400 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 60 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. | Description |
| Total Program Service Expense | 164883938 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 1 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 352 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2146 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 45 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 40 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD BOWMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7812395298 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NICHOLS BUILDINGBABSON COLLEGE | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 024570301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (65 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL J ANGELAKIS | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| JACQUELINE GIORDANO BEDARD | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| THE HONOR CRAIG BENSON | |||||||||
| VICE CHAIR OF BOARD OF TRUSTEES | 1.20 | X | 0 | 0 | 0 | X | |||
| WILLIAM G BURRILL | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| WILLIAM D BYGRAVE | |||||||||
| TRUSTEE | 1.20 | X | 20000 | 0 | 0 | ||||
| JOSEPH P CAMPANELLI | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| KAREN K CHANDOR | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| ANTHONY R CHIASSON | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| PAUL W CHISHOLM | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| THEODORE A CLARK | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| STEPHEN D CUTLER | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| TIMOTHY A DEMELLO | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| GARY T DICAMILLO | |||||||||
| TRUSTEE | 1.20 | X | 5360 | 0 | 0 | ||||
| FRANK M FISCHER | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| STEVEN A GAKLIS | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| THOMAS F GILBANE JR | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| GLORIA M GUTIERREZ | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| MUHAMMAD H HABIB | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| DR MYRA M HART | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| BRUCE T HERRING | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| MARLA M CAPOZZI | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| LOUIS J LAVIGNE JR | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| ERIC G JOHNSON | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| ALLEN E LEWIS | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| FRED SC KIANG | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| CARLETON F KILMER | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| KAY KOPLOVITZ | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| DAVID F LAMERE | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| WARREN KK LUKE | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| ANDRONICO LUKSIC | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| DR RICHARD K MILLER | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| JUNICHI MURATA | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| JEREMIAH J NOONAN | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| RICHARD A RENWICK | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| THOMAS N RILEY | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| KENNETH G ROMANZI | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| GOBIND SAHNEY | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| THOMAS T STALLKAMP | |||||||||
| CHAIR, BOARD OF TRUSTEES | 1.20 | X | 0 | 0 | 0 | X | |||
| DELIA H THOMPSON | |||||||||
| VICE CHAIR OF BOARD OF TRUSTEES | 1.20 | X | 0 | 0 | 0 | X | |||
| MARTHA D VORLICEK | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| RONALD G WEINER | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| ROBERT E WEISSMAN | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| JOSEPH L WINN | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| GARY ZWERLING | |||||||||
| TRUSTEE | 1.20 | X | 0 | 0 | 0 | ||||
| LEONARD A SCHLESINGER | |||||||||
| PRESIDENT | 40.00 | X | 545344 | 0 | 199781 | X | |||
| SHAHID ANSARI | |||||||||
| PROVOST | 40.00 | 312504 | 0 | 24529 | X | ||||
| MARY ROSE | |||||||||
| V.P. FOR ADMINISTRATION | 40.00 | 201038 | 0 | 26852 | X | ||||
| DEBORAH SINAY | |||||||||
| V.P. FOR INSTITUTIONAL ADV. | 40.00 | 202034 | 0 | 13797 | X | ||||
| CAROL HACKER | |||||||||
| VP OF BABSON ALUMNI & FRIENDS | 40.00 | 192894 | 0 | 18236 | X | ||||
| PHILIP SHAPIRO | |||||||||
| VP FOR FINANCE & CFO | 40.00 | 267108 | 0 | 29671 | X | ||||
| JONATHAN MOLL | |||||||||
| VP AND GENERAL COUNSEL | 40.00 | 224529 | 0 | 27988 | X | ||||
| SAMUEL DUNN | |||||||||
| CHIEF INFORMATION OFFICER | 40.00 | 230918 | 0 | 16571 | X | ||||
| RICHARD VOOS | |||||||||
| CLERK | 40.00 | 240444 | 0 | 26613 | X | ||||
| TRACEE PETRILLO | |||||||||
| CLERK | 40.00 | 111522 | 0 | 13297 | X | ||||
| ELAINE EISENMAN | |||||||||
| DEAN OF BABSON EXE. EDU. | 40.00 | 312596 | 0 | 30094 | X | ||||
| DENNIS HANNO | |||||||||
| DEAN OF UNDERGR. SCHOOL | 40.00 | 290166 | 0 | 62894 | X | ||||
| SHELLEY KAPLAN | |||||||||
| AVP FOR FACILITIES MGT. | 40.00 | 155890 | 0 | 18049 | X | ||||
| RAGHU TADEPALLI | |||||||||
| MURATA DEAN,GRAD. SCHOOL | 40.00 | 287180 | 0 | 26441 | X | ||||
| DENNIS CERU J | |||||||||
| FACULTY | 40.00 | 318418 | 0 | 16869 | X | ||||
| PATRICIA GUINAN | |||||||||
| FACULTY | 40.00 | 408898 | 0 | 20956 | X | ||||
| PAUL MULLIGAN | |||||||||
| FACULTY | 40.00 | 306211 | 0 | 17092 | X | ||||
| JAY RAO | |||||||||
| FACULTY | 40.00 | 399298 | 0 | 20915 | X | ||||
| JOSEPH WEINTRAUB | |||||||||
| FACULTY | 40.00 | 339076 | 0 | 19679 | X | ||||
| MICHAEL FETTERS | |||||||||
| FORMER PROVOST/FACULTY | 40.00 | 302397 | 0 | 19887 | X | ||||
| PATRICIA GREENE | |||||||||
| FORMER PROVOST/FACULTY | 40.00 | 305780 | 0 | 24284 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5979605 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 674495 | TotalOtherCompensation |
| Number Individuals GT100 K | 168 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ZONE MECHANICAL INC | |||||
| 160 BEAR HILL ROAD | WALTHAM | MA | 02451 | HAVC | 1112799 |
| FIFTY EGGS LLC | |||||
| 36 WARELAND ROAD | WELLESLEY | MA | 02481 | CONSULTING SERVICE | 1044463 |
| BLITZ MEDIA INC | |||||
| 254 SECOND AVENUE | NEEDHAM | MA | 02494 | MARKETING | 588485 |
| BIGELOW & FLEMING LLC | |||||
| 14 NORFOLK AVENUE | EASTON | MA | 02375 | CONSTRUCTION | 305940 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| P O BOX 7247-8001 | PHILADELPHIA | PA | 01917 | EXTERNAL AUDITOR | 200240 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Fundraising Events | 55901 | FundraisingEvents |
| Government Grants | 939971 | GovernmentGrants |
| All Other Contributions | 22766552 | AllOtherContributions |
| Noncash Contributions | 1037656 | NoncashContributions |
| Total Contributions | 23762424 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 900099 | 129198421 | 129198421 | |
| ROOM & BOARD | 900099 | 21033831 | 21033831 | |
| ED/NON-ED PROG. REV. | 900099 | 20450004 | 20450004 | |
| OTHER ED PROG/AUX.ACT. | 713990 | 509274 | 509274 | |
| OTHER ED PROG/AUX.ACT. | 721000 | 287764 | 287764 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 171479294 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1963848 | TotalRevenueColumn |
| Unrelated Business Revenue | 180450 | UnrelatedBusinessRevenue |
| Exclusion | $1,783,398 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2379 | TotalRevenueColumn |
| Exclusion | -$2,379 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1340367 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1340367 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1340367 | TotalRevenueColumn |
| Exclusion | $1,340,367 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 60863840 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 56593247 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4270593 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4270593 | TotalRevenueColumn |
| Unrelated Business Revenue | 56107 | UnrelatedBusinessRevenue |
| Exclusion | $4,214,486 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 34895 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 55901 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 53636 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -18741 | TotalRevenueColumn |
| Exclusion | -$18,741 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 27410 | GrossIncomeGaming |
| Gaming Direct Expenses | 19453 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7957 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7957 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 202803363 | TotalRevenueColumn |
| Related Or Exempt Function Income | 170690213 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1033595 | UnrelatedBusinessRevenue |
| Exclusion | $7,317,131 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 977942 | Total |
| Program Services | 977942 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28697352 | Total |
| Program Services | 28697352 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4139562 | Total |
| Program Services | 1120459 | ProgramServices |
| Management And General | 2630511 | ManagementAndGeneral |
| Fundraising | 388592 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256652 | Total |
| Program Services | 256652 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65791502 | Total |
| Program Services | 57657830 | ProgramServices |
| Management And General | 5862757 | ManagementAndGeneral |
| Fundraising | 2270915 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4744260 | Total |
| Program Services | 2350595 | ProgramServices |
| Management And General | 2172734 | ManagementAndGeneral |
| Fundraising | 220931 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10250489 | Total |
| Program Services | 8979868 | ProgramServices |
| Management And General | 916807 | ManagementAndGeneral |
| Fundraising | 353814 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4382187 | Total |
| Program Services | 3891382 | ProgramServices |
| Management And General | 390015 | ManagementAndGeneral |
| Fundraising | 100790 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 317427 | Total |
| Management And General | 317427 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271140 | Total |
| Management And General | 271140 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4123107 | Total |
| Program Services | 3868948 | ProgramServices |
| Management And General | 224009 | ManagementAndGeneral |
| Fundraising | 30150 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5563577 | Total |
| Program Services | 4413867 | ProgramServices |
| Management And General | 1000535 | ManagementAndGeneral |
| Fundraising | 149175 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8587480 | Total |
| Program Services | 8129401 | ProgramServices |
| Management And General | 431501 | ManagementAndGeneral |
| Fundraising | 26578 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6397337 | Total |
| Program Services | 6356241 | ProgramServices |
| Management And General | 40046 | ManagementAndGeneral |
| Fundraising | 1050 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5682417 | Total |
| Program Services | 4191261 | ProgramServices |
| Management And General | 1316947 | ManagementAndGeneral |
| Fundraising | 174209 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1424304 | Total |
| Program Services | 1363626 | ProgramServices |
| Management And General | 54032 | ManagementAndGeneral |
| Fundraising | 6646 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5521452 | Total |
| Program Services | 5521452 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9563533 | Total |
| Program Services | 9393662 | ProgramServices |
| Management And General | 129607 | ManagementAndGeneral |
| Fundraising | 40264 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD & BEVERAGE SERVICE | 7625581 | 7625581 | ||
| OTHER EXPENSES | 4995685 | 2840046 | 2153889 | 1750 |
| PROFESSIONAL CONSULTING | 4567809 | 3782089 | 753563 | 32157 |
| ROOM, CONF. & ADMIN. | 2519349 | 2499961 | 19388 | |
| PURCHASED SERVICES | 1940142 | 965723 | 974419 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188340286 | Total |
| Program Services | 164883938 | ProgramServices |
| Management And General | 19659327 | ManagementAndGeneral |
| Fundraising | 3797021 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43585373 | BOY |
| EOY | 36891976 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26564238 | BOY |
| EOY | 30633359 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5694079 | BOY |
| EOY | 6598558 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4425514 | BOY |
| EOY | 3979654 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4052850 | BOY |
| EOY | 4371662 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 311695118 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 180627713 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131021049 | BOY |
| EOY | 131067405 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137085797 | BOY |
| EOY | 176471827 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59919952 | BOY |
| EOY | 66780845 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2442415 | BOY |
| EOY | 2496881 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414791267 | BOY |
| EOY | 459292167 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14527978 | BOY |
| EOY | 16329558 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12013385 | BOY |
| EOY | 12679787 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90360996 | BOY |
| EOY | 86987896 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28610000 | BOY |
| EOY | 27845000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19197708 | BOY |
| EOY | 16739249 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164710067 | BOY |
| EOY | 160581490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97707481 | BOY |
| EOY | 116554781 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68619836 | BOY |
| EOY | 91218598 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83753883 | BOY |
| EOY | 90937298 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250081200 | BOY |
| EOY | 298710677 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414791267 | BOY |
| EOY | 459292167 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 14463077 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 34166400 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $1 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 1 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 197005749 | BeginningOfYearBalance |
| Contributions | 18192624 | Contributions |
| Investment Earnings Or Losses | 37390554 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -1953530 | GrantsOrScholarships |
| Other Expenditures | -7382725 | OtherExpenditures |
| End Of Year Balance | 243252672 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 171024282 | BeginningOfYearBalance |
| Contributions | 13840252 | Contributions |
| Investment Earnings Or Losses | 20723572 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -1907729 | GrantsOrScholarships |
| Other Expenditures | -6674628 | OtherExpenditures |
| End Of Year Balance | 197005749 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 216376522 | BeginningOfYearBalance |
| Contributions | 4043573 | Contributions |
| Investment Earnings Or Losses | -38842574 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -2143564 | GrantsOrScholarships |
| Other Expenditures | -8409675 | OtherExpenditures |
| End Of Year Balance | 171024282 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.41000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.59000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 489673 | OtherCostOrOtherBasis |
| Book Value | 489673 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 249246739 | OtherCostOrOtherBasis |
| Depreciation | 136737589 | Depreciation |
| Book Value | 112509150 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32105537 | OtherCostOrOtherBasis |
| Depreciation | 28503204 | Depreciation |
| Book Value | 3602333 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29853169 | OtherCostOrOtherBasis |
| Depreciation | 15386920 | Depreciation |
| Book Value | 14466249 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 131067405 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ALTERNATIVE INVESTMENTS | Description |
| Book Value | 66780845 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 66780845 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GOVERNMENT ADVANCES FOR STUDENT LOANS | $3,020,403 |
| MARKET VALUE OF INTEREST RATE SWAP CONTRACTS | $13,718,846 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 16739249 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 225 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS AND OTHER EDUCATIONAL SERVICES. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ORGANIZATION'S FINANCIAL STATEMENTS DO NOT INCLUDE A FIN 48 FOOTNOTE. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (20 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICESPROGRAM SERVICESPROGRAM SERVICES | EXECUTIVE EDUCATION | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| EUROPE | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| EUROPE | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION | |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION | |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION | |
| RUSSIA AND NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | EXECUTIVE EDUCATION | |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| SUB-SAHARAN AFARICA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| EAST ASIA AND THE PACIFIC | 0 | 0 | DEVELOPMENT/ALUMNI RELATIONS | ||
| EUROPE | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| NORTH AMERICA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| SOUTH AMERICA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| SOUTH ASIA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | ||
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENT | 28503054 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 0 | SubtotalAmountSpent |
| Cont Amount Spent | 28503054 | ContAmountSpent |
| Total Amount Spent | 28503054 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 1 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: THE ORGANIZATION DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES FOR EACH PROGRAM SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PRESIDENT'S CUP | NameOfEvent1 |
| Gross Receipts Event1 | 90796 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 55901 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 34895 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 43795 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 270 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 9571 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 90796 | GrossReceiptsTotal |
| Charitable Contributions Total | 55901 | CharitableContributionsTotal |
| Gross Revenue Total Events | 34895 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 43795 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 270 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 9571 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 53636 | DirectExpenseSummaryEvents |
| Net Income Summary | -18741 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 27410 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 700 | CashPrizesOtherGaming |
| Non Cash Prizes Other Gaming | 18460 | NonCashPrizesOtherGaming |
| Rent Facility Costs Other Gaming | 0 | RentFacilityCostsOtherGaming |
| Other Direct Expenses Other Gaming | 293 | OtherDirectExpensesOtherGaming |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGaming |
| Gross Revenue Total Gaming | 27410 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 700 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 18460 | NonCashPrizesTotalGaming |
| Other Direct Expenses Total Gaming | 293 | OtherDirectExpensesTotalGaming |
| Direct Expense Summary Gaming | 19453 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 7957 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | MA | StatesWhereGamingConducted |
| Licensed | 1 | Licensed |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 0 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 1.00000 | PercentageOfGamingOwnFacility |
| Name Of Gaming Rec Keeper Person | PAMELA CURTIN | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
Gaming Manager Name Business GamingManagerNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Charitable Distrib Required | 0 | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON GLOBAL INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 024570310 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 271642647 | EINOfRecipient |
| Amount Of Cash Grant | 977942 | AmountOfCashGrant |
| Purpose Of Grant | TO DEVELOP A GLOBAL PROGRAM. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | INSTITUTIONAL GRANTS/SCHOLARSHIP | TypeOfGrant |
| Number Of Recipients | 1224 | NumberOfRecipients |
| Amount Of Cash Grant | 28697352 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 1 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (20 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LEONARD A SCHLESINGER | |||||||||||||
| 514810 | 0 | 0 | 0 | 30534 | 0 | 24529 | 0 | 175252 | 0 | 745125 | 0 | 0 | 0 |
| SHAHID ANSARI | |||||||||||||
| 242922 | 0 | 36582 | 0 | 33000 | 0 | 24529 | 0 | 0 | 0 | 337033 | 0 | 0 | 0 |
| MARY ROSE | |||||||||||||
| 201038 | 0 | 0 | 0 | 0 | 0 | 22585 | 0 | 4267 | 0 | 227890 | 0 | 0 | 0 |
| DEBORAH SINAY | |||||||||||||
| 202034 | 0 | 0 | 0 | 0 | 0 | 9088 | 0 | 4709 | 0 | 215831 | 0 | 0 | 0 |
| CAROL HACKER | |||||||||||||
| 168751 | 0 | 24143 | 0 | 0 | 0 | 17980 | 0 | 256 | 0 | 211130 | 0 | 0 | 0 |
| PHILIP SHAPIRO | |||||||||||||
| 250608 | 0 | 0 | 0 | 16500 | 0 | 24529 | 0 | 5142 | 0 | 296779 | 0 | 0 | 0 |
| JONATHAN MOLL | |||||||||||||
| 192832 | 0 | 31697 | 0 | 0 | 0 | 21709 | 0 | 6279 | 0 | 252517 | 0 | 0 | 0 |
| SAMUEL DUNN | |||||||||||||
| 214418 | 0 | 0 | 0 | 16500 | 0 | 15704 | 0 | 867 | 0 | 247489 | 0 | 0 | 0 |
| RICHARD VOOS | |||||||||||||
| 240444 | 0 | 0 | 0 | 0 | 0 | 24527 | 0 | 2086 | 0 | 267057 | 0 | 0 | 0 |
| ELAINE EISENMAN | |||||||||||||
| 312596 | 0 | 0 | 0 | 0 | 0 | 27265 | 0 | 2829 | 0 | 342690 | 0 | 0 | 0 |
| DENNIS HANNO | |||||||||||||
| 248533 | 0 | 36833 | 0 | 4800 | 0 | 27265 | 0 | 35629 | 0 | 353060 | 0 | 0 | 0 |
| SHELLEY KAPLAN | |||||||||||||
| 155890 | 0 | 0 | 0 | 0 | 0 | 15963 | 0 | 2086 | 0 | 173939 | 0 | 0 | 0 |
| RAGHU TADEPALLI | |||||||||||||
| 287180 | 0 | 0 | 0 | 0 | 0 | 24529 | 0 | 1912 | 0 | 313621 | 0 | 0 | 0 |
| DENNIS CERU J | |||||||||||||
| 318418 | 0 | 0 | 0 | 0 | 0 | 10590 | 0 | 6279 | 0 | 335287 | 0 | 0 | 0 |
| PATRICIA GUINAN | |||||||||||||
| 408898 | 0 | 0 | 0 | 0 | 0 | 14677 | 0 | 6279 | 0 | 429854 | 0 | 0 | 0 |
| PAUL MULLIGAN | |||||||||||||
| 306211 | 0 | 0 | 0 | 0 | 0 | 13605 | 0 | 3487 | 0 | 323303 | 0 | 0 | 0 |
| JAY RAO | |||||||||||||
| 399298 | 0 | 0 | 0 | 0 | 0 | 14636 | 0 | 6279 | 0 | 420213 | 0 | 0 | 0 |
| JOSEPH WEINTRAUB | |||||||||||||
| 339076 | 0 | 0 | 0 | 0 | 0 | 16850 | 0 | 2829 | 0 | 358755 | 0 | 0 | 0 |
| MICHAEL FETTERS | |||||||||||||
| 302397 | 0 | 0 | 0 | 0 | 0 | 19631 | 0 | 256 | 0 | 322284 | 0 | 0 | 0 |
| PATRICIA GREENE | |||||||||||||
| 305780 | 0 | 0 | 0 | 0 | 0 | 23855 | 0 | 429 | 0 | 330064 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. HEALTH OR SOCIAL CLUB: THE PRESIDENT RECEIVES AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB. THE VALUE ATTRIBUTABLE TO THE PRESIDENT'S NON-BUSINESS USE IS INCLUDED IN HIS COMPENSATION. (FY11 AMOUNT: $6,320). | |
| 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 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. | |
| 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 MICHAEL FETTERS: PROVOST FACULTY PATRICIA GREENE: PROVOST FACULTY | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY (2005A) | |||||||
| 043431814 | 57583RCV5 | 2005-08-31 | 22996717 | NEW BUILDING,MISC. PROJECT, REFINANCE DEBT. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2007A) | |||||||
| 043431814 | 57583RSC0 | 2007-10-04 | 21336830 | REFINANCE DEBT (1997A) FOR THE CONSTRUCTION OF SORENSON & THE CHAPEL. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2008A) | |||||||
| 043431814 | 57583RUW3 | 2008-04-17 | 36475000 | REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC. | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| 4599343 | 22996717 | 333890 | 337000 | 15230149 | 7095678 | 2006 | 1 | 0 | 1 | 1 |
| 2148156 | 21336830 | 315976 | 242000 | 20778854 | 2007 | 1 | 0 | 1 | 1 | |
| 900000 | 36475000 | 250504 | 29208 | 36195288 | 2008 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00050 | 0.00050 | 1 |
| 0 | 0 | 0 | 0 | 0 | |||
| 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| GOLDMAN SACHS | ||||||||
| 0 | 1 | 1 | 0 | 0 | 0 | 26.000000000000 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| COMCAST | |||
| VICE PRESIDENT IS ALSO A BABSON TRUSTEE | 215000 | CABLE FEES PAID | 0 |
| JANICE BELL | |||
| SPOUSE OF PROVOST | 167975 | FACULTY WAGES PAID | 0 |
| BANK OF NEW YORK-MELLON | |||
| VICE CHAIRMAN & CEO IS ALSO BABSON TRUSTEE | 122000 | INVESTMENT FEES PAID | 0 |
| PHYLLIS SCHLESINGER | |||
| SPOUSE OF PRESIDENT | 55400 | FACULTY WAGES PAID | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1037656 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG. OF HI&LOW-DATE TRAD | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. PWC SIGNS THE RETURN AS PAID PREPARER. | |
| 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 12C | |
| 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 B, LINE 15 | |
| 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 VI, SECTION C, LINE 19 | |
| WILLIAM BYGRAVE RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. GARY T. DICAMILLO RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. | FORM 990 PART VII, SECTION A | |
| AVERAGE HOURS PER WEEK | THE FOLLOWING PERSONS ALSO SERVE AS OFFICERS/TRUSTESS AT BABSON GLOBAL, LLC. A RELATED ORGANIZATION AND THEIR AVERAGE WORK HOURS PER WEEK: SHAHID ANSARI 20 HRS/WEEK PHILIP SHAPIRO 20 HRS/WEEK JONATHAN MOLL 20 HRS/WEEK GARY T. DICAMILLO 1.2HRS/WEEK RONALD WEINER 1.2HRS/WEEK GARY L. ZWERLING 1.2HRS/WEEK DELIA THOMPSON 1.2HRS/WEEK | FORM 990 PART VII, SECTION A |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 31,686,439. CHANGE IN VALUE OF SWAP AGREEMENTS 2,479,961. TOTAL TO FORM 990, PART XI, LINE 5: 34,166,400. | FORM 990, PART XI, LINE 5: |
| THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. | FORM 990 PART XII, LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON GLOBAL INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271642647 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Exempt Code Section | 501 (C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 11A, I | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUST (2) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE LINCOLN STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | FUNDRAISING | PrimaryActivity |
| Legal Domicile State | MA | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | T | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| BABSON GLOBAL INC | ||
| B | 977942 | ACTUAL COST |
| BABSON GLOBAL INC | ||
| K | 2301071 | COST PLUS OVERHEAD RATE |
| BABSON GLOBAL INC | ||
| M | 0 | INCLUDED IN OVERHEAD ABOVE. |