2011-05-11T09:11:00-05:00 2010-06-30 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 990 2009-07-01 042103544 BABSON COLLEGE BABS 7812395298 231 FOREST ST BABSON PARK MA 024570310 Philip N Shapiro 7812395698 2011-05-11 1 Gwen Spencer 6175305000 2009 2016-02-24 21:20:13Z Leonard Schlesinger 231 FOREST STREET BABSON PARK MA 02457 211196247 0 X www.babson.edu X 1919 MA BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 1800 UNDERGRADUATE AND 1600 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. 48 44 2108 1948 819444 -88604 23397689 8711950 154780250 162968588 -5816008 3513668 1954504 1190366 174316435 176384572 25562877 27117868 0 81372983 85161004 0 4228746 65281912 63324002 172217772 175602874 2098663 781698 398685191 414791267 163816088 164710067 234869103 250081200 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 154945748 27117868 162974129 BABSON COLLEGE ENROLLS APPROXIMATELY 1,800 UNDERGRADUATE AND 1,600 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. 154945748 1 1 0 1 0 0 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 349 0 1 2108 1 1 1 0 0 0 0 1 1 0 0 0 0 0 48 44 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X RICHARD BOWMAN 7812395298 NICHOLS BUILDINGBABSON COLLEGE BABSON PARK MA 024570301 Michael J Angelakis 1.20 X 0 0 0 Kelly A Ayotte 1.20 X 0 0 0 THE Honor Craig Benson 1.20 X 0 0 0 WiLLIAM G BURRILL 1.20 X 0 0 0 WiLLIAM D BYGRAVE 1.20 X 36412 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 0 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 N Lyle Howland 1.20 X 0 0 0 Estefano E Isaias Sr 1.20 X 0 0 0 Eric G Johnson 1.20 X 0 0 0 Kathryn D Karlic 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 0 0 0 JamES W TAYLOR 1.20 X 0 0 0 DeLIA H THOMPSON 1.20 X 0 0 0 Martha D Vorlicek 1.20 X 0 0 0 Aaron M Walton 1.20 X 0 0 0 LAWRENCE WEBER 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 546578 0 187498 shaHID ANSARI 40.00 X 303669 0 25175 Robert V FOGEL 40.00 X 349797 0 30175 Mary ROSE 40.00 X 204032 0 23792 Deborah Sinay 40.00 X 0 0 0 Richard VOOS 40.00 X 239657 0 28667 PhILIP SHAPIRO 40.00 X 264245 0 35173 JoNATHAN MOLL 40.00 X 191476 0 27109 Carol HACKER 40.00 X 156102 0 17132 Sam Dunn 40.00 X 0 0 0 dennIS HANNO 40.00 X 249257 0 61823 ElAINE EISENMAN 40.00 X 338901 0 30073 sheLLEY KAPLAN 40.00 X 153743 0 17597 Raghu Tadepalli 40.00 X 160005 0 5650 patricia guinan 40.00 X 371208 0 20077 mark Rice 40.00 X 465237 0 30318 Jay Rao 40.00 X 452321 0 19628 Jean-Pierre Jeannet 40.00 X 354652 0 21873 Patricia Costello 40.00 X 310400 0 27573 MichAEL FETTERS 40.00 X 236099 0 19521 HenRY DENEAULT 40.00 X 244408 0 24272 Patricia GREENE 40.00 X 244574 0 26510 5872773 0 679636 172 1 1 0 BigBad Inc 321 Summer Street 8th Fl Boston MA 02210 Website Implementation 580590 Zone Mechanical Inc 160 Bear Hill Road Waltham MA 02451 HAVC 495430 Cafco Construction Management Inc 77 Charles Street South Boston MA 02116 General Contractor 349377 bigelow & Fleming LLC 14 Norfolk Avenue easton MA 02375 construction 319833 pricewaterhouseCoopers LLP p O Box 7247-8001 philadelphia PA 01917 external Auditor 205847 12 58879 1261178 7391893 848824 8711950 TUITION & FEES 900099 122907286 122907286 ROOM & BOARD 900099 20132258 20132258 Ed/Non-Ed Prog. Rev. 900099 19109605 19109605 OTHER ED PROG/AUX.ACT. 713990 706387 706387 OTHER ED PROG/AUX.act. 721000 113052 113052 162968588 1955395 5 1955390 -2050 -2050 1200138 1200138 1200138 1200138 36301688 34741365 1560323 1560323 1560323 39100 58879 54413 -15313 -15313 21438 15897 5541 5541 176384572 162154690 819444 4698488 27117868 27117868 3670294 752385 2446911 470998 265137 217418 47719 63176798 55073061 5813000 2290737 4818113 4143577 481811 192725 8986923 7728754 898692 359477 4243739 3692053 381937 169749 458707 458707 272330 272330 2911665 2827358 60807 23500 5429633 4309905 916578 203150 7582313 7127375 382584 72354 6521935 6409103 85305 27527 5243553 3671437 1231866 340250 1281482 1183935 90244 7303 5822288 5822288 9154045 8995677 119732 38636 FOOD & BEVERAGE SERVICE 7059699 7059699 Professional Consulting 3909736 2916531 962272 30933 OTHER EXPENSES 3631876 3047845 582624 1407 ROOM, CONF. & ADMIN. 2243905 2243905 PuRCHASED SERVICES 1800835 605574 1195261 175602874 154945748 16428380 4228746 42758445 43585373 31896263 26564238 5194488 5694079 4007522 4425514 3616382 4052850 302114906 171093857 136361408 131021049 117009809 137085797 55255831 59919952 2585043 2442415 398685191 414791267 14041217 14527978 12021396 12013385 92749095 90360996 29175000 28610000 15829380 19197708 163816088 164710067 X 91503125 97707481 52335951 68619836 91030027 83753883 234869103 250081200 398685191 414791267 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 Part II-B, Line 1i: Explanation of Other Lobbying Activities: The organization pays membership dues to member organizations which may engage in lobbying activities. Therefore, a portion of the dues may be attributable to lobbying activities. 171024282 13840252 20723572 -1907729 -6674628 197005749 216376522 4043573 -38842574 -2143564 -8409675 171024282 0.40000 0.60000 0 0 489673 489673 243144045 128938500 114205545 29074107 27780275 1293832 29407081 14375082 15031999 131021049 ALTERNATIVE INVESTMENTS 59919952 F 59919952 GOVERNMENT ADVANCES FOR STUDENT LOANS 2998901 MARKET VALUE OF INTEREST RATE SWAP CONTRACTS 16198807 19197708 176384572 175602874 781698 14430399 14430399 15212097 163697103 14430399 0 0 -27117868 -12687469 176384572 0 176384572 148485006 0 0 0 0 148485006 27117868 27117868 175602874 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: No Liability for FIN 48. Part XII, Line 2d - Other Adjustments: STUDENT AID $27,117,868 Part XIII, Line 4b - Other Adjustments: STUDENT AID $27,117,868 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. 1 East Asia and the Pacific 0 0 Fundraising/Alumni Relations east Asia and the Pacific 0 0 Program ServicesProgram Services Student Study Abroad Programs East Asia and the Pacific 0 0 Program Services Executive Education Europe 0 0 Fundraising/Alumni Relations Europe 0 0 Program Services Student Study Abroad Programs Europe 0 0 Program Services Executive Education Middle East and North Africa 0 0 Fundraising/Alumni Relations Middle East and North Africa 0 0 Program Services Executive Education North America 0 0 Fundraising/Alumni Relations 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 Fundraising/Alumni Relations South America 0 0 Program Services Student Study Abroad Programs South America 0 0 program Services Executive Education South Asia 0 0 Fundraising/Alumni Relations Sub-Saharan Afarica 0 0 Program Services Student Study Abroad Programs Central America and the Caribbean Investment 0 0 0 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 97979 58879 39100 0 0 41560 301 12552 97979 58879 39100 41560 301 12552 54413 -15313 21438 873 13824 1200 0 21438 873 13824 1200 15897 5541 MA 1 0 0 0 1.00000 Pamela Curtin 231 Forest Street Babson Park MA 02457 0 None 0 1 Institutional Grants/Scholarship 1251 27117868 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% verfication 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 0 1 X X 0 0 0 1 0 0 0 0 1 0 leONARD A SCHLESINGER 530078 0 0 0 16500 0 27275 0 160223 0 734076 0 0 0 shaHID ANSARI 243669 0 60000 0 0 0 25175 0 0 0 328844 0 0 0 Robert V FOGEL 333297 0 0 0 16500 0 27275 0 2900 0 379972 0 0 0 Mary ROSE 204032 0 0 0 0 0 22355 0 1437 0 227824 0 0 0 Richard VOOS 239657 0 0 0 0 0 26795 0 1872 0 268324 0 0 0 PhILIP SHAPIRO 247745 0 0 0 16500 0 27275 0 7898 0 299418 0 0 0 JoNATHAN MOLL 191476 0 0 0 0 0 21479 0 5630 0 218585 0 0 0 Carol HACKER 156102 0 0 0 0 0 16535 0 597 0 173234 0 0 0 dennIS HANNO 244457 0 0 0 4800 0 27275 0 34548 0 311080 0 0 0 ElAINE EISENMAN 338901 0 0 0 0 0 27275 0 2798 0 368974 0 0 0 sheLLEY KAPLAN 153743 0 0 0 0 0 15733 0 1864 0 171340 0 0 0 Raghu Tadepalli 160005 0 0 0 0 0 4546 0 1104 0 165655 0 0 0 patricia guinan 371208 0 0 0 0 0 14447 0 5630 0 391285 0 0 0 mark Rice 465237 0 0 0 0 0 23625 0 6693 0 495555 0 0 0 Jay Rao 452321 0 0 0 0 0 13998 0 5630 0 471949 0 0 0 Jean-Pierre Jeannet 354652 0 0 0 0 0 18036 0 3837 0 376525 0 0 0 Patricia Costello 310400 0 0 0 0 0 21875 0 5698 0 337973 0 0 0 MichAEL FETTERS 236099 0 0 0 0 0 19401 0 120 0 255620 0 0 0 HenRY DENEAULT 227908 0 0 0 16500 0 21035 0 3237 0 268680 0 0 0 Patricia GREENE 244574 0 0 0 0 0 26112 0 398 0 271084 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. 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. (FY10 amount: $5,916). 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 8 Raghu Tadepalli was hired as Murata Dean of the F.W. Olin Graduate School of Business at Babson College on June 1, 2009. His six months compensation was reported on Form 990, Part VII. 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 Henry Deneault: VP for Finance Vice Provost Patricia Greene: VP for Admin. Faculty MA Development Finance Agency (2005A) 043431814 57583rcv5 2005-08-31 22996717 New building,misc. project, refinance debt. 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 MA Development Finance Agency (2008A) 043431814 57583RUW3 2008-04-17 36475000 Refinance DEBT (2002A) for the new astroturf athletic field and etc. 0 0 19115000 333890 15230149 2006 1 0 1 1 19145000 315976 2007 1 0 1 1 36475000 250504 2008 1 0 1 1 0 0 0 0 1 0.00050 0.00000 0.00050 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 GOLDMAN SACHS 26.000000000000 0 0 0 Comcast Vice President is also a Babson Trustee 240187 Cable fees paid 0 Janice Bell spouse of Provost 175343 Faculty wages paid 0 Bank of New York-Mellon vice Chairman & CEO is also Babson Trustee 109942 Investment fees paid 0 X 20 848824 Avg. of Hi&Low-date trad 0 1 1 Third Party Use: Part I, Line 32b: Babson utilizes the services of a broker to sell donated securities. Column (B): Babson used the number of contributions received for column (B) Form 990, Part 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 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. FORM 990, PART XI, 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 509 (a)(3) BABSON COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0