2012-05-07T10:23:02-05:00 2011-06-30 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 990 2010-07-01 042103544 BABSON COLLEGE BABS 7812351200 231 FOREST ST BABSON PARK MA 024570310 PHILIP N SHAPIRO 7812395698 2012-05-07 1 GWEN SPENCER 6175305000 2010 2016-02-24 21:20:13Z LEONARD SCHLESINGER 231 FOREST STREET BABSON PARK MA 02457 259469699 0 X WWW.BABSON.EDU X 1919 MA 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. 45 40 2146 2113 1033595 58349 8711950 23762424 162968588 171479294 3513668 6232062 1190366 1329583 176384572 202803363 27117868 29675294 0 0 85161004 89564652 0 0 3797021 63324002 69100340 175602874 188340286 781698 14463077 414791267 459292167 164710067 160581490 250081200 298710677 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 164883938 29675294 171487251 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. 164883938 1 1 0 1 0 0 0 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 1 352 0 1 2146 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 40 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA 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 WILLIAM G BURRILL 1.20 X 0 0 0 WILLIAM D BYGRAVE 1.20 X 20000 0 0 JOSEPH P CAMPANELLI 1.20 X 0 0 0 KAREN K CHANDOR 1.20 X 0 0 0 ANTHONY R CHIASSON 1.20 X 0 0 0 PAUL W CHISHOLM 1.20 X 0 0 0 THEODORE A CLARK 1.20 X 0 0 0 STEPHEN D CUTLER 1.20 X 0 0 0 TIMOTHY A DEMELLO 1.20 X 0 0 0 GARY T DICAMILLO 1.20 X 5360 0 0 FRANK M FISCHER 1.20 X 0 0 0 STEVEN A GAKLIS 1.20 X 0 0 0 THOMAS F GILBANE JR 1.20 X 0 0 0 GLORIA M GUTIERREZ 1.20 X 0 0 0 MUHAMMAD H HABIB 1.20 X 0 0 0 DR MYRA M HART 1.20 X 0 0 0 BRUCE T HERRING 1.20 X 0 0 0 MARLA M CAPOZZI 1.20 X 0 0 0 LOUIS J LAVIGNE JR 1.20 X 0 0 0 ERIC G JOHNSON 1.20 X 0 0 0 ALLEN E LEWIS 1.20 X 0 0 0 FRED SC KIANG 1.20 X 0 0 0 CARLETON F KILMER 1.20 X 0 0 0 KAY KOPLOVITZ 1.20 X 0 0 0 DAVID F LAMERE 1.20 X 0 0 0 WARREN KK LUKE 1.20 X 0 0 0 ANDRONICO LUKSIC 1.20 X 0 0 0 DR RICHARD K MILLER 1.20 X 0 0 0 JUNICHI MURATA 1.20 X 0 0 0 JEREMIAH J NOONAN 1.20 X 0 0 0 RICHARD A RENWICK 1.20 X 0 0 0 THOMAS N RILEY 1.20 X 0 0 0 KENNETH G ROMANZI 1.20 X 0 0 0 GOBIND SAHNEY 1.20 X 0 0 0 THOMAS T STALLKAMP 1.20 X X 0 0 0 DELIA H THOMPSON 1.20 X X 0 0 0 MARTHA D VORLICEK 1.20 X 0 0 0 RONALD G WEINER 1.20 X 0 0 0 ROBERT E WEISSMAN 1.20 X 0 0 0 JOSEPH L WINN 1.20 X 0 0 0 GARY ZWERLING 1.20 X 0 0 0 LEONARD A SCHLESINGER 40.00 X X 545344 0 199781 SHAHID ANSARI 40.00 X 312504 0 24529 MARY ROSE 40.00 X 201038 0 26852 DEBORAH SINAY 40.00 X 202034 0 13797 CAROL HACKER 40.00 X 192894 0 18236 PHILIP SHAPIRO 40.00 X 267108 0 29671 JONATHAN MOLL 40.00 X 224529 0 27988 SAMUEL DUNN 40.00 X 230918 0 16571 RICHARD VOOS 40.00 X 240444 0 26613 TRACEE PETRILLO 40.00 X 111522 0 13297 ELAINE EISENMAN 40.00 X 312596 0 30094 DENNIS HANNO 40.00 X 290166 0 62894 SHELLEY KAPLAN 40.00 X 155890 0 18049 RAGHU TADEPALLI 40.00 X 287180 0 26441 DENNIS CERU J 40.00 X 318418 0 16869 PATRICIA GUINAN 40.00 X 408898 0 20956 PAUL MULLIGAN 40.00 X 306211 0 17092 JAY RAO 40.00 X 399298 0 20915 JOSEPH WEINTRAUB 40.00 X 339076 0 19679 MICHAEL FETTERS 40.00 X 302397 0 19887 PATRICIA GREENE 40.00 X 305780 0 24284 5979605 0 674495 168 1 1 0 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 13 55901 939971 22766552 1037656 23762424 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 171479294 1963848 180450 1783398 -2379 -2379 1340367 1340367 1340367 1340367 60863840 56593247 4270593 4270593 56107 4214486 34895 55901 53636 -18741 -18741 27410 19453 7957 7957 202803363 170690213 1033595 7317131 977942 977942 28697352 28697352 4139562 1120459 2630511 388592 256652 256652 65791502 57657830 5862757 2270915 4744260 2350595 2172734 220931 10250489 8979868 916807 353814 4382187 3891382 390015 100790 317427 317427 271140 271140 4123107 3868948 224009 30150 5563577 4413867 1000535 149175 8587480 8129401 431501 26578 6397337 6356241 40046 1050 5682417 4191261 1316947 174209 1424304 1363626 54032 6646 5521452 5521452 9563533 9393662 129607 40264 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 188340286 164883938 19659327 3797021 43585373 36891976 26564238 30633359 5694079 6598558 4425514 3979654 4052850 4371662 311695118 180627713 131021049 131067405 137085797 176471827 59919952 66780845 2442415 2496881 414791267 459292167 14527978 16329558 12013385 12679787 90360996 86987896 28610000 27845000 19197708 16739249 164710067 160581490 X 97707481 116554781 68619836 91218598 83753883 90937298 250081200 298710677 414791267 459292167 X 14463077 34166400 X X 0 1 1 X 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 OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: 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. 197005749 18192624 37390554 -1953530 -7382725 243252672 171024282 13840252 20723572 -1907729 -6674628 197005749 216376522 4043573 -38842574 -2143564 -8409675 171024282 0.41000 0.59000 0 0 489673 489673 249246739 136737589 112509150 32105537 28503204 3602333 29853169 15386920 14466249 131067405 ALTERNATIVE INVESTMENTS 66780845 F 66780845 GOVERNMENT ADVANCES FOR STUDENT LOANS 3020403 MARKET VALUE OF INTEREST RATE SWAP CONTRACTS 13718846 16739249 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. 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 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 0 0 0 0 28503054 28503054 1 0 1 1 1 1 METHOD USED TO ACCCOUNT FOR EXPENDITURES: 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. PRESIDENT'S CUP 90796 55901 34895 0 0 43795 270 0 9571 90796 55901 34895 43795 270 9571 53636 -18741 27410 700 18460 0 293 0 27410 700 18460 293 19453 7957 MA 1 0 0 0 1.00000 PAMELA CURTIN 231 FOREST STREET BABSON PARK MA 02457 0 NONE 0 1 BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 024570310 271642647 977942 TO DEVELOP A GLOBAL PROGRAM. 1 INSTITUTIONAL GRANTS/SCHOLARSHIP 1224 28697352 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 0 0 0 1 0 0 0 1 0 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 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. 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 MICHAEL FETTERS: PROVOST FACULTY PATRICIA GREENE: PROVOST FACULTY 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 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 0 0 0 0 1 0.00050 0.00050 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 GOLDMAN SACHS 26.000000000000 0 0 0 0 0 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 X 20 1037656 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 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. 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 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. AVERAGE HOURS PER WEEK FORM 990 PART VII, SECTION A 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 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 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 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 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.