BABSON COLLEGE: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BABSON COLLEGE (EIN 04-2103544)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-17
IRS object ID
202111379349301556
Schema version
2019v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-17T08:27:46-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PRICEWATERHOUSECOOPERS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 SEAPORT BLVD SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02210ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042103544EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BABSON COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% GAIL WILSONInCareOfNm
Business Name ControlBABSBusinessNameControlTxt
Phone7812395298PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1231 FOREST STREETAddressLine1Txt
CityBABSON PARKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024570310ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHERINCE CRAVENPersonNm
Person TitleCAO/CFOPersonTitleTxt
Phone7812395298PhoneNum
Signature2021-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGWEN SPENCERPreparerPersonNm
PTINP00641463PTIN
Phone6175305000PhoneNum
Preparation2021-05-06PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHEN SPINELLIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1231 FOREST STREETAddressLine1Txt
CityBABSON PARKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024570310ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$371,916,079GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BABSON.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1919FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body33VotingMembersGoverningBodyCnt
Voting Members Independent32VotingMembersIndependentCnt
Total Employee2339TotalEmployeeCnt
Total Volunteers2980TotalVolunteersCnt
Total Gross UBI$48,997TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$37,575,035PYContributionsGrantsAmt
CY Contributions Grants$49,080,302CYContributionsGrantsAmt
PY Program Service Revenue$224,232,180PYProgramServiceRevenueAmt
CY Program Service Revenue$217,944,851CYProgramServiceRevenueAmt
PY Investment Income$15,218,611PYInvestmentIncomeAmt
CY Investment Income$23,955,237CYInvestmentIncomeAmt
PY Other Revenue$3,715,694PYOtherRevenueAmt
CY Other Revenue$3,205,420CYOtherRevenueAmt
PY Total Revenue$280,741,520PYTotalRevenueAmt
CY Total Revenue$294,185,810CYTotalRevenueAmt
PY Grants And Similar Paid$49,293,154PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$48,901,017CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$125,419,756PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$126,684,607CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$14,193,983CYTotalFundraisingExpenseAmt
PY Other Expenses$91,129,365PYOtherExpensesAmt
CY Other Expenses$83,541,173CYOtherExpensesAmt
PY Total Expenses$265,842,275PYTotalExpensesAmt
CY Total Expenses$259,126,797CYTotalExpensesAmt
PY Revenues Less Expenses$14,899,245PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$35,059,013CYRevenuesLessExpensesAmt
Total Assets BOY$817,307,765TotalAssetsBOYAmt
Total Assets EOY$863,238,815TotalAssetsEOYAmt
Total Liabilities BOY$259,683,638TotalLiabilitiesBOYAmt
Total Liabilities EOY$259,899,322TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$557,624,127NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$603,339,493NetAssetsOrFundBalancesEOYAmt
MissionBABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$220,165,093ExpenseAmt
Grant$48,901,017GrantAmt
Revenue$217,707,040RevenueAmt
DescBABSON COLLEGE ENROLLS 2,446 UNDERGRADUATE AND 883 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 80 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.Desc
Total Program Service Expenses$220,165,093TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document503IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2339EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members33GoverningBodyVotingMembersCnt
Independent Voting Member32IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGAIL WILSONPersonNm
Phone7812395692PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1231 FOREST STREETAddressLine1Txt
CityBABSON PARKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024570310ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
EDWARD CHIU
SR. VP OF ADVANCEMENT40.00.0Yes (X)$581,131$0$74,621
JAY A RAO
PROFESSOR40.00.0$544,404$0$52,611Yes (X)
RICHARD BLISS
PROFESSOR40.00.0$500,187$0$37,945Yes (X)
MARK POTTER
PROFESSOR40.00.0$419,167$0$63,221Yes (X)
KATHERINE CRAVEN
CHIEF ADMIN OFFICER40.00.0Yes (X)$439,813$0$31,597
MARK RICE
PROVOST40.00.0Yes (X)$410,473$0$57,934
DR KERRY HEALEY
FORMER TRUSTEE/PRESIDENT40.00.0$409,328$0$45,457Yes (X)
HEIDI NECK
PROFESSOR40.00.0$403,169$0$51,213Yes (X)
ANDREW L ZACHARAKIS
PROFESSOR40.00.0$375,521$0$61,193Yes (X)
PHILLIP KNUTEL
FORMER OFFICER/CIO SEE SCH O40.00.0$336,948$0$69,179Yes (X)
DR STEPHEN SPINELLI
TRUSTEE/PRESIDENT (EFF 7/1/19)40.00.0Yes (X)$313,617$0$65,805Yes (X)
MARY ROSE
VP FOR CAMPUS & COMMUN AFFAIRS40.00.0Yes (X)$295,992$0$58,088
DIANA ZAIS
VP FOR DEVELOPMENT SEE SCH O40.00.0$275,776$0$55,541Yes (X)
MICHAEL LAYISH
VP GEN COUN/SECRETARY/CLERK40.00.0Yes (X)$254,775$0$63,970
DONNA BONAPARTE
VP FOR HR SEE SCH O40.00.0$272,353$0$39,853Yes (X)
ALFRED NANNI
FACULTY40.00.0$191,638$0$42,550Yes (X)
JANE EDMONDS
VP PROG & COMM OUT SEE SCH O40.00.0$156,951$0$21,228Yes (X)
CHRISTINE ANGELAKIS
TRUSTEE1.20.0$0$0$0Yes (X)
THE HONOR CRAIG R BENSON
VICE CHAIR, BOARD OF TRUSTEE1.20.0Yes (X)$0$0$0Yes (X)
ETTORE V BIAGIONI
TRUSTEE1.20.0$0$0$0Yes (X)
KHALED BICHARA
TRUSTEE (UNTIL 10/18/19)1.20.0$0$0$0Yes (X)
MARLA M CAPOZZI
CHAIR, BOARD OF TRUSTEE1.20.0Yes (X)$0$0$0Yes (X)
PAUL W CHISHOLM
TRUSTEE1.20.0$0$0$0Yes (X)
WARREN CROSS
VICE CHAIR, BOARD OF TRUSTEE1.20.0Yes (X)$0$0$0Yes (X)
SAID DARWAZAH
TRUSTEE (UNTIL 10/18/19)1.20.0$0$0$0Yes (X)
TIMOTHY DEMELLO
TRUSTEE1.20.0$0$0$0Yes (X)
RICHELIEU DENNIS
TRUSTEE1.20.0$0$0$0Yes (X)
DEBORAH L DESANTIS
TRUSTEE1.20.0$0$0$0Yes (X)
GARY T DICAMILLO
TRUSTEE1.20.0$0$0$0Yes (X)
CRAIG M DONALDSON
TRUSTEE1.20.0$0$0$0Yes (X)
HARISH M FABIANI
TRUSTEE1.20.0$0$0$0Yes (X)
FRANK M FISCHER
TRUSTEE1.20.0$0$0$0Yes (X)
SHATIEK GATLIN
TRUSTEE (UNTIL 10/18/19)1.20.0$0$0$0Yes (X)
BRETT A GORDON
TRUSTEE1.20.0$0$0$0Yes (X)
JAMES H HERBERT II
TRUSTEE1.20.0$0$0$0Yes (X)
BRUCE T HERRING
VICE CHAIR, BOARD OF TRUSTEES1.20.0Yes (X)$0$0$0Yes (X)
JOHN E JOHNSON
TRUSTEE1.20.0$0$0$0Yes (X)
FRED SC KIANG
TRUSTEE1.20.0$0$0$0Yes (X)
CARMELLA R KLETJIAN
TRUSTEE1.20.0$0$0$0Yes (X)
JOHN KLUGE JR
TRUSTEE (UNTIL 10/18/19)1.20.0$0$0$0Yes (X)
MICHAEL S LORBER
TRUSTEE1.20.0$0$0$0Yes (X)
MANOJ NARENDER MADNANI
TRUSTEE1.20.0$0$0$0Yes (X)
JEFFREY J MCLANE
TRUSTEE1.20.0$0$0$0Yes (X)
RAMON A MENDIOLA
TRUSTEE1.20.0$0$0$0Yes (X)
JEFFERY PERRY
TRUSTEE1.20.0$0$0$0Yes (X)
ALEXANDRA PICCIRILLI
TRUSTEE (UNTIL 6/30/20)1.20.0$0$0$0Yes (X)
MARTIN RESTREPO
TRUSTEE (UNTIL 10/18/19)1.20.0$0$0$0Yes (X)
KENNETH G ROMANZI
TRUSTEE1.20.0$0$0$0Yes (X)
JAMES A RULLO
TRUSTEE1.21.2$0$0$0Yes (X)
DIANNE SAHENK
TRUSTEE1.20.0$0$0$0Yes (X)
AMANDA G STRONG
TRUSTEE1.20.0$0$0$0Yes (X)
DAVIDE VISCO
TRUSTEE1.20.0$0$0$0Yes (X)
MARTHA D VORLICEK
TREASURER, BOARD OF TRUSTEES1.20.0Yes (X)$0$0$0Yes (X)
ROBERT E WEISSMAN
TRUSTEE1.20.0$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,181,243TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$892,006TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K358IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CONNELLY PARTNERS LLC
46 WALTHAM STREETBOSTONMA02118ADVERTISING$2,146,946
ASPIRE TECHNOLOGY PARTNERS LLC
PO BOX 789172PHILADELPHIAPA191789172IT CONSULTING$1,287,731
ENTREPRENEURSHIP POLICY ADVISORS L
475 ARSENAL COURT SUITE JWATERTOWNMA02472CONSULTING$679,612
ATTAIN LLC
1600 TYSONS BOULEVARD SUITE 1400MCLEANVA22102CONSULTING$670,285
NORTH COUNTRY ROOFING LLC
64 AMES STREETBROCKTONMA02301CONSTRUCTION$566,966
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K24CntrctRcvdGreaterThan100KCnt
Government Grants$834,157GovernmentGrantsAmt
All Other Contributions$48,246,145AllOtherContributionsAmt
Noncash Contributions$10,142,327NoncashContributionsAmt
Total Contributions$49,080,302TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES900099$178,723,252$178,723,252
ROOM & BOARD900099$25,162,917$25,162,917
ED/NON-ED PROGRAM REVENUE900099$14,058,682$13,820,871$237,811
FieldValueIRS element (for citing)
Total Program Service Revenue$217,944,851TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,645,666TotalRevenueColumnAmt
Unrelated Business Revenue-$539,077UnrelatedBusinessRevenueAmt
Exclusion$3,184,743ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$3,205,420RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$3,205,420RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,205,420TotalRevenueColumnAmt
Exclusion$3,205,420ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$99,039,840SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$77,730,269SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$21,309,571SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,309,571TotalRevenueColumnAmt
Unrelated Business Revenue$350,263UnrelatedBusinessRevenueAmt
Exclusion$20,959,308ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$294,185,810TotalRevenueColumnAmt
Related Or Exempt Func Income$217,707,040RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$48,997UnrelatedBusinessRevenueAmt
Exclusion$27,349,471ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$48,901,017TotalAmt
Program Services$48,901,017ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,430,602TotalAmt
Program Services$1,343,190ProgramServicesAmt
Management And General$1,729,622ManagementAndGeneralAmt
Fundraising$357,790FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,477,602TotalAmt
Program Services$180,228ProgramServicesAmt
Management And General$991,224ManagementAndGeneralAmt
Fundraising$306,150FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$96,282,208TotalAmt
Program Services$78,081,398ProgramServicesAmt
Management And General$12,001,736ManagementAndGeneralAmt
Fundraising$6,199,074FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,766,575TotalAmt
Program Services$6,298,413ProgramServicesAmt
Management And General$968,116ManagementAndGeneralAmt
Fundraising$500,046FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,753,656TotalAmt
Program Services$9,531,791ProgramServicesAmt
Management And General$1,465,113ManagementAndGeneralAmt
Fundraising$756,752FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,973,964TotalAmt
Program Services$4,844,669ProgramServicesAmt
Management And General$744,665ManagementAndGeneralAmt
Fundraising$384,630FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$273,366TotalAmt
Management And General$273,366ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$472,878TotalAmt
Program Services$6,300ProgramServicesAmt
Management And General$466,578ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$878,814TotalAmt
Management And General$878,814ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$726,334TotalAmt
Program Services$76,624ProgramServicesAmt
Management And General$640,782ManagementAndGeneralAmt
Fundraising$8,928FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,276,686TotalAmt
Program Services$3,747,095ProgramServicesAmt
Management And General$361,977ManagementAndGeneralAmt
Fundraising$167,614FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,067,862TotalAmt
Program Services$4,860,060ProgramServicesAmt
Management And General$724,934ManagementAndGeneralAmt
Fundraising$482,868FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,193,915TotalAmt
Program Services$4,867,222ProgramServicesAmt
Management And General$198,309ManagementAndGeneralAmt
Fundraising$128,384FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,494,964TotalAmt
Program Services$11,303,054ProgramServicesAmt
Management And General$147,790ManagementAndGeneralAmt
Fundraising$44,120FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,504,264TotalAmt
Program Services$5,048,256ProgramServicesAmt
Management And General$592,248ManagementAndGeneralAmt
Fundraising$863,760FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,645,378TotalAmt
Program Services$2,644,517ProgramServicesAmt
Management And General$861ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,144,409TotalAmt
Program Services$7,144,409ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,932,740TotalAmt
Program Services$17,637,523ProgramServicesAmt
Management And General$227,347ManagementAndGeneralAmt
Fundraising$67,870FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FOOD & BEVERAGE SERVICE$8,277,695$7,798,762$72,718$406,215
PROFESSIONAL CONSULTING$5,869,408$3,672,700$2,013,856$182,852
LOSS DISPOSAL OF FIXED ASSETS$72,095$72,095$0$0
UBIT TAX$1,090$1,090

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,709,275TotalAmt
Program Services$2,105,770ProgramServicesAmt
Management And General$266,575ManagementAndGeneralAmt
Fundraising$3,336,930FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$259,126,797TotalAmt
Program Services$220,165,093ProgramServicesAmt
Management And General$24,767,721ManagementAndGeneralAmt
Fundraising$14,193,983FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$21,219,189BOYAmt
EOY$29,519,590EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$47,199,860BOYAmt
EOY$53,123,360EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,928,778BOYAmt
EOY$3,546,939EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,228,358BOYAmt
EOY$1,792,627EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,658,373BOYAmt
EOY$5,695,090EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$538,981,408LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$264,796,116LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$265,232,580BOYAmt
EOY$274,185,292EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$337,458,288BOYAmt
EOY$337,455,601EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$121,935,227BOYAmt
EOY$152,282,216EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$11,447,112BOYAmt
EOY$5,638,100EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$817,307,765BOYAmt
EOY$863,238,815EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$28,359,526BOYAmt
EOY$29,823,388EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$40,437,883BOYAmt
EOY$45,338,898EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$157,039,180BOYAmt
EOY$150,525,540EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$20,875,000BOYAmt
EOY$19,710,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,972,049BOYAmt
EOY$14,501,496EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$259,683,638BOYAmt
EOY$259,899,322EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$230,205,696BOYAmt
EOY$233,795,384EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$327,418,431BOYAmt
EOY$369,544,109EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$557,624,127BOYAmt
EOY$603,339,493EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$817,307,765BOYAmt
EOY$863,238,815EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$35,059,013ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$7,656,353NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$3,000,000OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,073,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,601,088CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$46,246,422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$37,575,035CurrentTaxYearMinus1YearAmt
Current Tax Year$49,080,302CurrentTaxYearAmt
Total$182,575,980TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,073,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,601,088CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$46,246,422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$37,575,035CurrentTaxYearMinus1YearAmt
Current Tax Year$49,080,302CurrentTaxYearAmt
Total$182,575,980TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$40,263,641SubstantialContributorsTotAmt
Public Support Total170$142,312,339PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,071,525CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,820,466CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,533,190CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,459,529CurrentTaxYearMinus1YearAmt
Current Tax Year$6,390,163CurrentTaxYearAmt
Total$29,274,873TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,190CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$28,884CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,628CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$46,775CurrentTaxYearMinus1YearAmt
Total$173,477TotalAmt
FieldValueIRS element (for citing)
Total Support$212,024,330TotalSupportAmt
Gross Receipts Rltd Activities$1,056,200,013GrossReceiptsRltdActivitiesAmt
Public Support CY1700.67121PublicSupportCY170Pct
Public Support PY1700.67130PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$1OtherActivitiesAmt
Total Lobbying Expenditures$1TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B, LINE 1FormAndLineReferenceDesc
ExplanationLOBBYING 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.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$459,393,515BeginningYearBalanceAmt
Contributions$18,573,274ContributionsAmt
Investment Earnings Or Losses$29,199,827InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,481,664GrantsOrScholarshipsAmt
Other Expenditures$13,947,135OtherExpendituresAmt
End Year Balance$489,737,817EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$421,920,139BeginningYearBalanceAmt
Contributions$7,858,140ContributionsAmt
Investment Earnings Or Losses$44,410,399InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,322,842GrantsOrScholarshipsAmt
Other Expenditures$11,472,321OtherExpendituresAmt
End Year Balance$459,393,515EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$391,463,550BeginningYearBalanceAmt
Contributions$5,296,080ContributionsAmt
Investment Earnings Or Losses$38,869,570InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,139,346GrantsOrScholarshipsAmt
Other Expenditures$10,569,715OtherExpendituresAmt
End Year Balance$421,920,139EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$346,696,532BeginningYearBalanceAmt
Contributions$12,903,198ContributionsAmt
Investment Earnings Or Losses$44,250,790InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,949,676GrantsOrScholarshipsAmt
Other Expenditures$9,437,294OtherExpendituresAmt
End Year Balance$391,463,550EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$348,628,929BeginningYearBalanceAmt
Contributions$17,401,454ContributionsAmt
Investment Earnings Or Losses-$7,624,128InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,577,169GrantsOrScholarshipsAmt
Other Expenditures$9,132,554OtherExpendituresAmt
End Year Balance$346,696,532EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.35000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.32000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.33000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,600,545OtherCostOrOtherBasisAmt
Book Value$1,600,545BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$431,264,909OtherCostOrOtherBasisAmt
Depreciation$209,291,143DepreciationAmt
Book Value$221,973,766BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$55,463,988OtherCostOrOtherBasisAmt
Depreciation$31,229,589DepreciationAmt
Book Value$24,234,399BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,651,966OtherCostOrOtherBasisAmt
Depreciation$24,275,384DepreciationAmt
Book Value$26,376,582BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$274,185,292TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$152,282,216BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$152,282,216TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
MARKET VALUE OF INT RATE CONTR$12,752,576
GOVT ADVANCES FOR STUDENT LOAN$1,748,920
FieldValueIRS element (for citing)
Total Liability$14,501,496TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PART III, LINE 1AWORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS, WHICH ARE PRESERVED AND PROTECTED FOR EDUCATIONAL, RESEARCH, AND PUBLIC EXHIBITION PURPOSES, ARE NOT CAPITALIZED. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTION ITEMS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES.
SCHEDULE D, PART V, LINE 4BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 260 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS, AND OTHER EDUCATIONAL SERVICES.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3BABSON COLLEGE PROHIBITS DISCRIMINATING ON THE BASIS OF RACE, COLOR, NATIONALITY OR ETHNIC ORIGIN, RELIGION, SEX, LIFESTYLE, SEXUAL ORIENTATION PREFERENCE, AGE, HANDICAP, OR VETERAN STATUS. THIS POLICY IS PUBLISHED IN THE FACULTY AND STAFF HANDBOOK.
SCHEDULE E, PART I, LINE 6GOVERNMENT FINANCIAL AID BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (22 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmtEmployeeEmployeeCnt
East Asia and the PacificProgram ServicesSTUDENT STUDY ABROAD$741,580
East Asia and the PacificProgram ServicesELECTIVE ABROAD$96,579
Sub-Saharan AfricaProgram ServicesSTUDENT STUDY ABROAD$27,638
Europe (Including Iceland and Greenland)Program ServicesSTUDENT STUDY ABROAD$2,851,634
South AmericaProgram ServicesSTUDENT STUDY ABROAD$112,273
Sub-Saharan AfricaProgram ServicesELECTIVE ABROAD$35,860
Europe (Including Iceland and Greenland)Program ServicesELECTIVE ABROAD$149,490
Middle East and North AfricaProgram ServicesELECTIVE ABROAD$71,638
South AmericaProgram ServicesELECTIVE ABROAD$84,596
Central America and the CaribbeanProgram ServicesEXECUTIVE EDUCATION$230,0001
Europe (Including Iceland and Greenland)Program ServicesEXECUTIVE EDUCATION$58,3233
Middle East and North AfricaProgram ServicesEXECUTIVE EDUCATION$98,5405
North AmericaProgram ServicesEXECUTIVE EDUCATION$35,4664
South AmericaProgram ServicesEXECUTIVE EDUCATION$80,0001
South AsiaProgram ServicesEXECUTIVE EDUCATION$91,8242
Central America and the CaribbeanProgram ServicesACADEMY$30,5623
East Asia and the PacificFundraisingDEVELOPMENT$71,388
Central America and the CaribbeanFundraisingDEVELOPMENT$6,001
Europe (Including Iceland and Greenland)FundraisingDEVELOPMENT$31,611
North AmericaFundraisingDEVELOPMENT$7,196
South AmericaFundraisingDEVELOPMENT$7,974
Central America and the CaribbeanInvestments$22,299,660
FieldValueIRS element (for citing)
Subtotal Employees19SubtotalEmployeesCnt
Total Employee19TotalEmployeeCnt
Subtotal Spent$4,867,391SubtotalSpentAmt
Continuation Spent$22,352,442ContinuationSpentAmt
Total Spent$27,219,833TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE F, PART I, LINE 3FormAndLineReferenceDesc
ExplanationALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeINSTITUTIONAL GRANTS/SCHOLARSHIPGrantTypeTxt
Recipient1602RecipientCnt
Cash Grant$48,901,017CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE I, PART I, LINE 2THE 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 IIITHE CASH GRANT IS REFLECTED ON STUDENTS' ACCOUNTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssfalseWrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionYes (true)InitialContractExceptionInd
Rebuttable Presumption ProcYes (true)RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
DR KERRY HEALEY
FORMER TRUSTEE/PRESIDENT$328,062$0$0$0$81,266$0$30,942$0$14,515$0$454,785$0$0
MARK RICE
PROVOST$397,553$0$8,100$0$4,820$0$30,942$0$26,992$0$468,407$0$0$0
EDWARD CHIU
SR. VP OF ADVANCEMENT$543,551$0$24,950$0$12,630$0$30,942$0$43,679$0$655,752$0$0$0
KATHERINE CRAVEN
CHIEF ADMIN OFFICER$400,516$0$20,667$0$18,630$0$30,942$0$655$0$471,410$0$0$0
MICHAEL LAYISH
VP GEN COUN/SECRETARY/CLERK$249,191$0$5,200$0$384$0$28,932$0$35,038$0$318,745$0$0$0
MARY ROSE
VP FOR CAMPUS & COMMUN AFFAIRS$260,350$0$15,000$0$20,642$0$30,942$0$27,146$0$354,080$0$0$0
JAY A RAO
PROFESSOR$540,998$0$3,000$0$406$0$20,955$0$31,656$0$597,015$0$0$0
RICHARD BLISS
PROFESSOR$496,629$0$2,000$0$1,558$0$26,849$0$11,096$0$538,132$0$0$0
ANDREW L ZACHARAKIS
PROFESSOR$372,570$0$2,000$0$951$0$25,420$0$35,773$0$436,714$0$0$0
HEIDI NECK
PROFESSOR$399,660$0$3,000$0$509$0$25,420$0$25,793$0$454,382$0$0$0
MARK POTTER
PROFESSOR$416,636$0$2,000$0$531$0$28,557$0$34,664$0$482,388$0$0$0
ALFRED NANNI
FACULTY$190,434$0$0$0$1,204$0$21,023$0$21,527$0$234,188$0$0$0
DIANA ZAIS
VP FOR DEVELOPMENT SEE SCH O$265,554$0$8,500$0$1,722$0$29,424$0$26,117$0$331,317$0$0$0
DONNA BONAPARTE
VP FOR HR SEE SCH O$257,760$0$12,914$0$1,679$0$28,738$0$11,115$0$312,206$0$0$0
JANE EDMONDS
VP PROG & COMM OUT SEE SCH O$156,209$0$0$0$742$0$16,446$0$4,782$0$178,179$0$0$0
PHILLIP KNUTEL
FORMER OFFICER/CIO SEE SCH O$318,257$0$0$0$18,691$0$30,942$0$38,237$0$406,127$0$0$0
DR STEPHEN SPINELLI
TRUSTEE/PRESIDENT (EFF 7/1/19)$284,799$0$0$0$28,818$0$30,105$0$35,700$0$379,422$0$0$0

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J, PART I, LINE 1AFIRST-CLASS TRAVEL AND TRAVEL FOR COMPANIONS: COLLEGE POLICIES ALLOW THE PRESIDENT AND THE PRESIDENT'S SPOUSE (7/1/2019 AND BEYOND) AND THE FORMER PRESIDENT (PRIOR TO 6/30/2019) TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. HOUSING ALLOWANCE AND PERSONAL SERVICES: THE PRESIDENT (7/1/2019 AND BEYOND) AND FORMER PRESIDENT (PRIOR TO 6/30/2019) ARE REQUIRED TO LIVE IN CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF BABSON COLLEGE. THE FAIR MARKET VALUE OF THE HOUSING AND ANY CLEANING SERVICES, IF PROVIDED, ASSOCIATED WITH THE PROPERTY ARE INCLUDED AS A NONTAXABLE BENEFIT. GROSS-UP PAYMENTS: IN CONNECTION WITH THE COLLEGE'S NONQUALIFIED 457(F) ARRANGEMENT WITH ITS FORMER PRESIDENT, THE COLLEGE MADE CERTAIN TAX PAYMENTS ON THE FORMER PRESIDENT'S BEHALF. THESE PAYMENTS ARE TREATED AS TAXABLE AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). HEALTH OR SOCIAL CLUB: THE PRESIDENT AND FORMER PRESIDENT RECEIVED AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE.
SCHEDULE J, PART I, LINE 1BALL OF THE ITEMS CHECKED ABOVE ARE INCLUDED AS PART OF THE INDIVIDUAL'S EMPLOYMENT CONTRACT AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES.
SCHEDULE J, PART I, LINE 4BEFFECTIVE JULY 1, 2013 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS FORMER PRESIDENT. UNDER THE TERMS OF THE PLAN, THE FORMER PRESIDENT WILL RECEIVE A CREDIT TO HER ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR SHE HELD THE TITLE OF THE PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN WERE 100% VESTED AT THE TIME OF THE AWARD. $52,500 WAS CREDITED IN 2019 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). EFFECTIVE JULY 1, 2019 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS PRESIDENT. UNDER THE TERMS OF THE PLAN, THE PRESIDENT WILL RECEIVE A CREDIT TO HIS ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR HE HOLDS THE TITLE OF THE PRESIDENT OF THE COLLEGE ON JUNE 30TH OF SUCH PLAN YEAR. AMOUNTS AWARDED UNDER THE PLAN ARE 100% VESTED AT THE TIME OF THE AWARD. $52,500 WILL BE CREDITED IN 2020.
SCHEDULE J, PART I, LINE 7CERTAIN LISTED INDIVIDUALS MAY RECEIVE A NON-FIXED PAYMENT BONUS. ALL BONUSES ARE APPROVED BY THE PRESIDENT AND REVIEWED BY HUMAN RESOURCES.
SCHEDULE J, PART I, LINE 8DR. KERRY HEALEY, FORMER PRESIDENT, IS UNDER HER INITIAL CONTRACT WITH BABSON COLLEGE THROUGH 6/30/2019. STEPHEN, PRESIDENT AS OF 7/1/2019, IS UNDER HIS INITIAL CONTRACT WITH BABSON COLLEGE.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MA DEVELOPMENT FINANCE AGENCY (2017)
A04343181457584YBM02017-12-26$38,092,499ATH/WELLNESS CENTER CONST.falsefalsefalse
MA DEVELOPMENT FINANCE AGENCY (2015B)
B0434318140000000002015-08-28$37,000,000SEE PART VIfalsefalsefalse
MA DEVELOPMENT FINANCE AGENCY (2015A)
C04343181457584XCC32015-08-05$26,750,183REFINANCE DEBT (2005A) AND (2007A)falsefalsefalse
MA DEVELOPMENT FINANCE AGENCY (2013)
D0434318140000000002013-07-17$35,000,000NEW BUILDING, MISC PROJECTfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndSubstantial CompletionSubstantialCompletionYr
A$1,030,000$0$38,616,683$0$0$0$444,320$0$0$36,793,000$0$1,379,363falsefalsefalseYes (true)
B$3,621,098$0$37,008,961$0$0$0$246,942$0$0$36,762,019$0$0falsefalseYes (true)Yes (true)2017
C$3,410,000$0$26,750,183$0$0$0$312,136$0$0$0$26,438,047$0Yes (true)Yes (true)Yes (true)Yes (true)2015
D$5,108,060$0$35,059,260$0$0$0$118,081$0$0$34,941,179$0$0falsefalseYes (true)Yes (true)2014

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndEngage Bond Counsel ContractsEngageBondCounselContractsIndTotal Private Business UseTotalPrivateBusinessUsePct
AfalseYes (true)falsefalse0falsefalsefalseYes (true)
BYes (true)falsefalsefalse0falsefalsefalseYes (true)
CfalseYes (true)Yes (true)false0.00250falsefalsefalseYes (true)Yes (true)0.00250
Dfalsefalsefalsefalse0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)
0
BfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)
0
CfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)
0
DfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE K, PART I, BOND ISSUES:FormAndLineReferenceDesc
ExplanationSCHEDULE K, PART I, ROW B, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2015B) DESCRIPTION OF PURPOSE: RENOV RESIDENCE HALLS, NEW ATHLETIC BLDG, MISC PROJECT. SCHEDULE K, PART I, ROW A, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2011A) DESCRIPTION OF PURPOSE: REFINANCE DEBT (1998A) BLANK CENTER SCHEDULE K, PART I, ROW B, COLUMN F MA DEVELOPMENT FINANCE AGENCY (2008A) DESCRIPTION OF PURPOSE: REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD SCHEDULE K, PART II, COLUMN A, B, & D, LINE 3: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND SCHEDULE K, PART II, COLUMN C, LINE 11: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW. SCHEDULE K, PART II, COLUMNS A and B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW SCHEDULE K, PART IV, BONDS A and B, LINE 2C: THE REBATE COMPUTATION DATES MA DEVELOPMENT FIN AGENCY (2011A) - JULY, 2014 MA DEVELOPMENT FIN AGENCY (2008A) - APRIL, 2015ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MA DEVELOPMENT FINANCE AGENCY (2011A)
A04343181457583UGH52011-07-07$14,518,050SEE PART VIfalsefalsefalse
MA DEVELOPMENT FINANCE AGENCY (2008A)
B04343181457583RUW32008-04-17$36,475,000SEE PART VIfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$9,245,000$0$14,518,050$0$0$0$243,275$0$0$0$14,274,775$02011Yes (true)falseYes (true)Yes (true)
B$11,840,000$0$36,475,000$0$0$0$250,504$29,208$0$0$36,195,288$02008Yes (true)falseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0.012000.01200falsefalsefalseYes (true)
Bfalsefalsefalsefalse0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeInd
0
AfalsefalseYes (true)Yes (true)falsefalsefalse0falseYes (true)
GOLDMAN SACHS
BfalsefalseYes (true)Yes (true)Yes (true)Yes (true)false0falseYes (true)25.false

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution35ContributionCnt
Noncash Contributions Rpt F990$10,142,327NoncashContributionsRptF990Amt
Method Of Determining RevenuesAVG. OF HI&LOW-DATEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE M, PART I, LINE 32BBABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES.
SCHEDULE M, PART I, COLUMN (B)BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B).

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1ORGANIZATION'S MISSION BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH 2,446 UNDERGRADUATE AND 883 GRADUATE ENROLLMENT. OUR INNOVATIVE CURRICULA CHALLENGE STUDENTS TO THINK CREATIVELY AND ACROSS DISCIPLINARY BOUNDARIES. WE CULTIVATE THE WILLINGNESS TO TAKE AND MANAGE RISK, THE ABILITY TO ENERGIZE OTHERS TOWARD A GOAL, AND THE COURAGE TO ACT RESPONSIBLY. OUR STUDENTS UNDERSTAND THAT LEADERSHIP REQUIRES BOTH TECHNICAL KNOWLEDGE AND A SOPHISTICATED APPRECIATION OF INSTITUTIONS, SOCIETIES, CULTURES, AND THE SELF. THEY WELCOME THE CHALLENGE OF LEARNING CONTINUOUSLY AND TAKING RESPONSIBILITY FOR THEIR CAREERS. OUR STUDENTS WILL BE KEY CONTRIBUTORS IN ESTABLISHED ENTERPRISES AS WELL AS EMERGING VENTURES.
FORM 990, PART VI, SECTION A, LINE 1PURSUANT TO THE ORGANIZATION'S BYLAWS, THE BOARD OF TRUSTEES SHALL HAVE AN EXECUTIVE COMMITTEE WHICH SHALL CONSIST OF THE PRESIDENT OF THE CORPORATION, THE CHAIRPERSON OF THE BOARD OF TRUSTEES, THE VICE CHAIRPERSON(S) OF THE BOARD OF TRUSTEES, THE CHAIRPERSON-ELECT OF THE BOARD OF TRUSTEES AND SUCH OTHER TRUSTEES AS SHALL BE APPOINTED BY THE CHAIRPERSON OF THE BOARD OF TRUSTEES OF THE CORPORATION FOR TERMS OF ONE (1) YEAR, BUT ANY MEMBER MAY BE REAPPOINTED. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, SUBJECT TO SUCH LIMITATIONS AS MAY BE PRESCRIBED BY RESOLUTION OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERINTENDENCE AND ADMINISTRATION OF THE CURRENT MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF TRUSTEES WITH RESPECT THERETO INCLUDING THE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS THAT MAY REQUIRE IT.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY MANAGEMENT AND PRICEWATERHOUSECOOPERS, LLP "PWC". THE FULL 990 RETURN, INCLUDING SCHEDULE B, IS THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL FORM 990, WITH THE EXCEPTION OF SCHEDULE B, IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. SCHEDULE B IS AVAILABLE TO ANY MEMBER OF THE BOARD OF TRUSTEES UPON REQUEST. PWC SIGNS THE RETURN AS PAID PREPARER.
FORM 990, PART VI, SECTION B, LINE 12CEACH 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 15COMPENSATION FOR THE PRESIDENT AND OFFICERS 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 CHANGE TO COMPENSATION FOR THE PRESIDENT AND OFFICERS IS APPROVED BY THIS COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19BABSON 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 AALFRED NANNI IS A FORMER PROVOST OF BABSON COLLEGE. EFFECTIVE JANUARY 2016, BABSON COLLEGE AMENDED ITS BYLAWS TO RE-CLASSIFY CERTAIN POSITIONS. AS SUCH, THEY WILL NO LONGER BE CLASSIFIED AS OFFICERS AND GOING FORWARD WILL BE LISTED AS FORMER OFFICERS. FORMER OFFICERS DUE TO AMENDED BYLAWS INCLUDE: PHILLIP KNUTEL DONNA BONAPARTE DIANA ZAIS JANE EDMONDS
FORM 990, PART XII, LINE 2CTHE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANICAL STATEMENTS.
FORM 990, PART XI, LINE 9EQUITY TRANSFER FROM BABSON GLOBAL - $3,000,000

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1BABSON GLOBAL INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1231 FOREST STREETAddressLine1Txt
CityBABSON PARKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02457ZIPCd
FieldValueIRS element (for citing)
EIN271642647EIN
Primary ActivitiesSUPPT ORGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section509(A)(3)ExemptCodeSectionTxt
Public Charity Status12A,IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BABSON COLLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE REMAINDER UNITRUST (2)BusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE LINCOLN STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesFUNDRAISINGPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeTRUSTEntityTypeTxt
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
BABSON GLOBAL INC
L$1,307,685COST PLUS OVERH
BABSON GLOBAL INC
NINCL IN ABOVE
BABSON GLOBAL INC
S$3,000,000ACTUAL COST

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