2020-05-14T07:57:05-05:00 2019-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2018-07-01 042103544 Babson College % GAIL WILSON BABS 7812395298 231 Forest Street Babson Park MA 024570310 KATHERINE P CRAVEN CHIEF ADMIN OFFICER 7812395298 2020-05-13 true GWEN SPENCER P00641463 6175305000 2020-05-13 155.201.35.69 04363820201355000003 2020-05-14 P 4DACC48D01B39045C9198F6713EBD5745B0BE673 295028449C3F552BA2CA3920E649C0D8729687C5 2018 2020-09-22 18:59:49Z Stephen Spinelli 231 FOREST STREET BABSON PARK MA 02457 436980568 false X WWW.BABSON.EDU X 1919 MA SEE SCHEDULE O 38 37 2379 3149 187563 0 46246422 37575035 223108885 224232180 13538818 15218611 3588698 3715694 286482823 280741520 45146310 49293154 0 0 121797069 125419756 0 0 10813981 84507346 91129365 251450725 265842275 35032098 14899245 779723786 817307765 268196673 259683638 511527113 557624127 BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. false false 227162152 49293154 223791113 BABSON COLLEGE ENROLLS 2,361 UNDERGRADUATE AND 1,073 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. 227162152 true true false true false false false true false true true true false false true false false true true true true false false false true false false false true true true false false false false false false false false true true true false false false false true true true false false true 513 0 true 2379 true true true false false false false true true false false false false false false X 38 37 false false false false false false false true true false false false true true true true true true true false CA MA X X X GAIL WILSON 7812395692 231 FOREST STREET Babson Park MA 024570310 X Christine Angelakis TRUSTEE 1.2 0.0 X 0 0 0 THE HONOR CRAIG R BENSON VICE CHAIR, BOARD OF TRUSTEE 1.2 0.0 X X 0 0 0 ETTORE V BIAGIONI TRUSTEE 1.2 0.0 X 0 0 0 KHALED BICHARA TRUSTEE 1.2 0.0 X 0 0 0 MARLA M CAPOZZI CHAIR, BOARD OF TRUSTEE 1.2 0.0 X X 0 0 0 PAUL W CHISHOLM TRUSTEE 1.2 0.0 X 0 0 0 WARREN CROSS VICE CHAIR, BOARD OF TRUSTEE 1.2 0.0 X X 0 0 0 SAID DARWAZAH TRUSTEE 1.2 0.0 X 0 0 0 Timothy DeMello TRUSTEE (START 10/18) 1.2 0.0 X 0 0 0 RICHELIEU DENNIS TRUSTEE 1.2 0.0 X 0 0 0 DEBORAH L DESANTIS TRUSTEE 1.2 0.0 X 0 0 0 GARY T DICAMILLO TRUSTEE 1.2 0.0 X 0 0 0 CRAIG M DONALDSON TRUSTEE 1.2 0.0 X 0 0 0 HARISH M FABIANI TRUSTEE 1.2 0.0 X 0 0 0 FRANK M FISCHER TRUSTEE 1.2 0.0 X 0 0 0 SHATIEK GATLIN TRUSTEE 1.2 0.0 X 0 0 0 THOMAS F GILBANE JR TRUSTEE (UNTIL 10/18) 1.2 0.0 X 0 0 0 BRETT A GORDON TRUSTEE 1.2 0.0 X 0 0 0 DR KERRY HEALEY TRUSTEE/PRESIDENT 40.0 0.0 X X 750614 0 61039 JAMES H HERBERT II TRUSTEE 1.2 0.0 X 0 0 0 BRUCE T HERRING VICE CHAIR, BOARD OF TRUSTEES 1.2 0.0 X X 0 0 0 JOHN E JOHNSON TRUSTEE 1.2 0.0 X 0 0 0 FRED SC KIANG TRUSTEE 1.2 0.0 X 0 0 0 CARMELLA R KLETJIAN TRUSTEE 1.2 0.0 X 0 0 0 JOHN KLUGE JR TRUSTEE 1.2 0.0 X 0 0 0 DAVID F LAMERE TRUSTEE (until 10/18) 1.2 0.0 X 0 0 0 SUCHITRA LOHIA TRUSTEE (until 10/18) 1.2 0.0 X 0 0 0 MICHAEL S LORBER TRUSTEE 1.2 0.0 X 0 0 0 MANOJ NARENDER MADNANI TRUSTEE 1.2 0.0 X 0 0 0 JEFFREY J MCLANE TRUSTEE 1.2 0.0 X 0 0 0 RAMON A MENDIOLA TRUSTEE 1.2 0.0 X 0 0 0 DR RICHARD K MILLER TRUSTEE (until 12/18) 1.2 0.0 X 0 0 0 JEFFERY PERRY TRUSTEE 1.2 0.0 X 0 0 0 ALEXANDRA PICCIRILLI TRUSTEE (START 7/18) 1.2 0.0 X 0 0 0 MARTIN RESTREPO TRUSTEE 1.2 0.0 X 0 0 0 KENNETH G ROMANZI TRUSTEE 1.2 0.0 X 0 0 0 JAMES A RULLO TRUSTEE 1.2 1.2 X 0 0 0 DIANNE SAHENK TRUSTEE 1.2 0.0 X 0 0 0 AMANDA G STRONG TRUSTEE 1.2 0.0 X 0 0 0 DAVIDE VISCO TRUSTEE 1.2 0.0 X 0 0 0 MARTHA D VORLICEK TREASURER, BOARD OF TRUSTEES 1.2 0.0 X X 0 0 0 ROBERT E WEISSMAN TRUSTEE 1.2 0.0 X 0 0 0 MARK RICE Provost (START 5/18) 40.0 0.0 X 297154 0 28232 MARNI ALLEN UNTIL 818 ASSISTANT CLERK 40.0 20.0 X 95527 0 8669 EDWARD CHIU SR. VP OF ADVANCEMENT 40.0 0.0 X 592007 0 61096 KATHERINE CRAVEN CHIEF ADMIN OFFICER 40.0 0.0 X 428026 0 31087 MICHAEL LAYISH VP GEN COUN/SECRETARY/CLERK 40.0 0.0 X 239575 0 60141 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 40.0 0.0 X 287126 0 56224 JAY A RAO PROFESSOR 40.0 0.0 X 492135 0 50168 RICHARD BLISS PROFESSOR 40.0 0.0 X 429962 0 36610 ANDREW L ZACHARAKIS PROFESSOR 40.0 0.0 X 410559 0 57749 HEIDI NECK PROFESSOR 40.0 0.0 X 389132 0 48109 MARK POTTER PROFESSOR 40.0 0.0 X 399720 0 62020 MICHAEL JOHNSON Former Provost (UNTIL 5/18) 40.0 0.0 X 145860 0 15836 ALFRED NANNI FACULTY 40.0 0.0 X 239657 0 50810 DIANA ZAIS VP FOR DEVELOPMENT SEE SCH O 40.0 0.0 X 242094 0 49623 DONNA BONAPARTE VP FOR HR SEE SCH O 40.0 0.0 X 264532 0 38357 JANE EDMONDS VP PROG & COMM OUT SEE SCH O 40.0 0.0 X 153793 0 20937 PHILLIP KNUTEL CIO SEE SCH O 40.0 0.0 X 286040 0 61210 6143513 0 797917 314 true true false CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 3065790 Entrepreneurship Policy Advisors L OPEN PENDING MA 01801 CONSULTING 823824 ATTAIN LLC PENDING BOSTON MA 02210 CONSULTING 719606 HOLLAND KNIGHT LLP 11050 LAKE UNDERHILL ROAD SUITE 86 ORLANDO FL 328255016 CONSULTING 277945 ELKUSMANFREDI 25 DRYDOCK AVE BOSTON MA 02210 ENGINEERING DESIGN 260996 22 117825 865988 36591222 543874 37575035 TUITION & FEES 900099 176052737 176052737 ROOM & BOARD 900099 25499183 25499183 ED/NON-ED PROGRAM REVENUE 900099 22680260 22239193 441067 224232180 2361343 -312051 2673394 0 0 3786135 3786135 0 3786135 3786135 168979100 156121832 12857268 12857268 58547 12798721 39255 117825 113624 -74369 -74369 7520 3592 3928 3928 0 0 0 0 280741520 223791113 187563 19187809 0 49293154 49293154 0 0 3797680 1471584 1848832 477264 1782508 466526 980180 335802 94810308 77740915 12419969 4649424 7469546 6124749 978496 366301 11281091 9250074 1477801 553216 6278623 5148236 822488 307899 0 234691 48131 186560 482347 15475 466872 0 0 337610 337610 1483702 766729 716973 6053592 4958922 449183 645487 3980862 1898635 1347302 734925 9782652 9012089 699003 71560 0 11999825 11797735 154189 47901 8540569 5591885 1553578 1395106 0 2915998 2821293 86900 7805 4987904 4987904 0 15174451 14918897 194981 60573 0 FOOD & BEVERAGE SERVICE 9369659 9363998 5661 0 PROFESSIONAL CONSULTING 7099833 5126497 1595619 377717 ROOM, CONF, & ADMIN 3539033 3539033 0 0 UBIT TAX 2095 0 2095 0 5144542 2482081 1879460 783001 265842275 227162152 27866142 10813981 53710249 21219189 0 0 37985403 47199860 5651852 4928778 0 0 0 0 2885797 2228358 0 0 5432264 5658373 512257572 247024992 214556361 265232580 315605230 337458288 106314909 121935227 0 0 0 0 37581721 11447112 779723786 817307765 31467328 28359526 0 0 40288965 40437883 163312173 157039180 0 0 0 0 21890000 20875000 0 0 11238207 12972049 268196673 259683638 X 222051958 230205696 156678272 177266449 132796883 150151982 511527113 557624127 779723786 817307765 14899245 31197769 X X false true X true true true X 17512072 22073133 27601088 46246422 37575035 151007750 0 0 17512072 22073133 27601088 46246422 37575035 151007750 29247408 121760342 6274065 5071525 5820466 5533190 6459529 29158775 1040698 1040698 0 73190 28884 24628 46775 173477 181380700 1060716950 0.67130 0.64512 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1 1 false SCHEDULE C, PART II-B, LINE 1 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. X X X false 421920139 7858140 44410399 3322842 11472321 459393515 391463550 5296080 38869570 3139346 10569715 421920139 346696532 12903198 44250790 2949676 9437294 391463550 348628929 17401454 -7624128 2577169 9132554 346696532 332014635 9318164 17977769 2464963 8216676 348628929 0.38000 0.30000 0.32000 false false 1600545 1600545 358648650 198516097 160132553 40000432 25481433 14518999 112007945 23027461 88980483 265232580 ALTERNATIVE INVESTMENTS 121935227 F 121935227 0 MARKET VALUE OF INT RATE CONTR 10677136 GOVT ADVANCES FOR STUDENT LOAN 2294913 12972049 SCHEDULE D, PART III, LINE 1A WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS, WHICH ARE PRESERVED AND PROTECTED FOR EDUCATIONAL, RESEARCH, AND PUBLIC EXHIBITION PURPOSES, ARE NOT CAPITALIZED. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTION ITEMS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. SCHEDULE D, PART V, LINE 4 BABSON COLLEGE'S ENDOWMENT CONSISTS OF OVER 250 INDIVIDUAL FUNDS WHICH HAVE BEEN ESTABLISHED OVER TIME FOR VARIOUS PURPOSES, INCLUDING SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FACILITIES, ATHLETICS, AND OTHER EDUCATIONAL SERVICES. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 BABSON 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 6 GOVERNMENT FINANCIAL AID BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. East Asia and the Pacific Program Services STUDENT STUDY ABROAD 652693 Europe (Including Iceland and Greenland) Program Services STUDENT STUDY ABROAD 2831964 South America Program Services STUDENT STUDY ABROAD 173943 Sub-Saharan Africa Program Services ELECTIVE ABROAD 38240 East Asia and the Pacific Program Services ELECTIVE ABROAD 242233 Europe (Including Iceland and Greenland) Program Services ELECTIVE ABROAD 302963 Middle East and North Africa Program Services ELECTIVE ABROAD 105749 South America Program Services ELECTIVE ABROAD 67046 Central America and the Caribbean Investments 21611944 Central America and the Caribbean 8 Program Services EXECUTIVE EDUCATION 495103 East Asia and the Pacific 13 Program Services EXECUTIVE EDUCATION 333772 Europe (Including Iceland and Greenland) 7 Program Services EXECUTIVE EDUCATION 98693 Middle East and North Africa 11 Program Services EXECUTIVE EDUCATION 269709 North America 1 Program Services EXECUTIVE EDUCATION 33002 South America 14 Program Services EXECUTIVE EDUCATION 620332 Central America and the Caribbean Fundraising DEVELOPMENT 7963 East Asia and the Pacific Fundraising DEVELOPMENT 55509 Europe (Including Iceland and Greenland) Fundraising DEVELOPMENT 49783 Middle East and North Africa Fundraising DEVELOPMENT 12616 North America Fundraising DEVELOPMENT 4843 South America Fundraising DEVELOPMENT 2853 54 54 27940858 70095 28010953 true false true true true true SCHEDULE F, PART I, LINE 3 ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. Presidents Cup 157080 117825 39255 89851 23773 0 157080 117825 39255 89851 23773 113624 -74369 231 FOREST STREET BABSON PARK MA 02457 SCHEDULE G, PART II FUNDRAISING EVENT DETAIL REFLECTS REVENUE FOR THE EVENT INCURRED IN FY19. EXPENSES ASSOCIATED WITH THE EVENT WERE INCURRED IN FY18 AND FY19 ARE REPORTED ON THE 2018 FORM 990. true INSTITUTIONAL GRANTS/SCHOLARSHIP 1578 49293154 SCHEDULE I, PART I, LINE 2 THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAY-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 false true X X X false true false false false false false true true true DR KERRY HEALEY TRUSTEE/PRESIDENT 662393 0 0 0 88221 0 30432 0 30607 0 811653 0 0 0 MARK RICE Provost (START 5/18) 282822 0 12000 0 2332 0 19850 0 8382 0 325386 0 0 0 EDWARD CHIU SR. VP OF ADVANCEMENT 429384 0 150000 0 12623 0 30432 0 30664 0 653103 0 0 0 KATHERINE CRAVEN CHIEF ADMIN OFFICER 389330 0 20066 0 18630 0 30432 0 655 0 459113 0 0 0 MICHAEL LAYISH VP GEN COUN/SECRETARY/CLERK 232269 0 6953 0 353 0 26937 0 33204 0 299716 0 0 0 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 252281 0 15000 0 19845 0 30432 0 25792 0 343350 0 0 0 JAY A RAO PROFESSOR 489746 0 2000 0 389 0 20337 0 29831 0 542303 0 0 0 RICHARD BLISS PROFESSOR 426449 0 2000 0 1513 0 26243 0 10367 0 466572 0 0 0 ANDREW L ZACHARAKIS PROFESSOR 406647 0 3000 0 912 0 24568 0 33181 0 468308 0 0 0 HEIDI NECK PROFESSOR 385814 0 3000 0 318 0 23568 0 24541 0 437241 0 0 0 MARK POTTER PROFESSOR 396128 0 3000 0 592 0 29124 0 32896 0 461740 0 0 0 MICHAEL JOHNSON Former Provost (UNTIL 5/18) 138336 0 0 0 7524 0 14857 0 979 0 161696 0 0 0 ALFRED NANNI FACULTY 238103 0 0 0 1554 0 25262 0 25548 0 290467 0 0 0 DIANA ZAIS VP FOR DEVELOPMENT SEE SCH O 240549 0 0 0 1545 0 26776 0 22847 0 291717 0 0 0 DONNA BONAPARTE VP FOR HR SEE SCH O 262908 0 0 0 1624 0 27974 0 10383 0 302889 0 0 0 JANE EDMONDS VP PROG & COMM OUT SEE SCH O 153088 0 0 0 705 0 16161 0 4776 0 174730 0 0 0 PHILLIP KNUTEL CIO SEE SCH O 267349 0 0 0 18691 0 30432 0 30778 0 347250 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST-CLASS TRAVEL: COLLEGE POLICIES ALLOW THE PRESIDENT TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. HOUSING ALLOWANCE AND PERSONAL SERVICES: THE PRESIDENT IS 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 PRESIDENT, THE COLLEGE MADE CERTAIN TAX PAYMENTS ON THE 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 RECEIVED AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. SCHEDULE J, PART I, LINE 1B ALL 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 4B EFFECTIVE JULY 1, 2013 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 HER ACCOUNT OF NO LESS THAN $52,500 FOR EACH PLAN YEAR SHE 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 WAS CREDITED IN 2017 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). SCHEDULE J, PART I, LINE 7 CERTAIN 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 8 DR. KERRY HEALEY IS UNDER HER INITIAL CONTRACT WITH BABSON COLLEGE. A MA DEVELOPMENT FINANCE AGENCY (2017) 043431814 57584YBM0 2017-12-26 38092499 ATH/WELLNESS CENTER CONST. false false false B MA DEVELOPMENT FINANCE AGENCY (2015B) 043431814 000000000 2015-08-28 37000000 SEE PART VI false false false C MA DEVELOPMENT FINANCE AGENCY (2015A) 043431814 57584XCC3 2015-08-05 26750183 REFINANCE DEBT (2005A) AND (2007A) false false false D MA DEVELOPMENT FINANCE AGENCY (2013) 043431814 000000000 2013-07-17 35000000 NEW BUILDING, MISC PROJECT false false false A 0 0 38616683 0 0 0 444320 0 0 30831645 0 7340718 false false false true B 0 0 37008961 0 0 0 246942 0 0 36762019 0 0 2017 false false true true C 0 0 26750183 0 0 0 312136 0 0 0 26438047 0 2015 true true true true D 0 0 35059260 0 0 0 118081 0 0 34941179 0 0 2014 false false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false true true false 0.00000 0.00000 0.00000 false false false true D false true false false 0.00000 0.00000 0.00000 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: SCHEDULE 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, 2015 A MA DEVELOPMENT FINANCE AGENCY (2011A) 043431814 57583UGH5 2011-07-07 14518050 SEE PART VI false false false B MA DEVELOPMENT FINANCE AGENCY (2008A) 043431814 57583RUW3 2008-04-17 36475000 SEE PART VI false false false A 8030000 0 14518050 0 0 0 243275 0 0 0 14274775 0 2011 true false true true B 10225000 0 36475000 0 0 0 250504 29208 0 0 36195288 0 2008 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true A false false true true false false 0 false 0 false true B false false true true true true GOLDMAN SACHS 25. false false false 0 false true A true B true GILBANE CONSTRUCTION TRUSTEE IS OWNER 24246134 CONSTRUCTION SERVICES false SCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: GILBANE CONSTRUCTION (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE IS OWNER (C)AMOUNT OF TRANSACTION: $24,246,134 (D)DESCRIPTION OF TRANSACTION: CONSTRUCTION SERVICES - TRANSACTION BETWEEN BABSON COLLEGE AND GILBANE CONSTRUCTION WAS REVIEWED USING NORMAL PROCUREMENT PROCEDURES. TRANSACTION WAS ARMS-LENGTH AND AT FAIR MARKET VALUE (E) SHARING OF ORGANIZATION REVENUES? - NO X 41 543874 AVG. OF HI&LOW-DATE false true false SCHEDULE M, PART I, LINE 32B BABSON 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). FORM 990, PART I, LINE 1 ORGANIZATION'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 2,361 UNDERGRADUATE AND 1,073 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 1 PURSUANT 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 11 THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY MANAGEMENT AND PRICEWATERHOUSECOOPERS, LLP "PWC". THE FULL 990 RETURN, INCLUDING SCHEDULE B, IS THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL FORM 990, WITH THE EXCEPTION OF SCHEDULE B, IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. SCHEDULE B IS AVAILABLE TO ANY MEMBER OF THE BOARD OF TRUSTEES UPON REQUEST. PWC SIGNS THE RETURN AS PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL TRUSTEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND STATEMENT OF COMPLIANCE. THEIR RESPONSE TO THE QUESTIONNAIRE IS REVIEWED BY MANAGEMENT. IN ADDITION, PAYROLL AND VENDOR FILES ARE REVIEWED FOR THE EXISTENCE OF TRANSACTIONS WITH RELATED PARTIES. IF A CONFLICT OCCURS, THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM ANY MATTERS RELATING TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION 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 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 ALFRED 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. 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 FINANICAL STATEMENTS. BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 SUPPT ORG MA 509(A)(3) 12A BABSON COLLE true CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA NA TRUST false false false false false false false false false false false false true false true false false false false true BABSON GLOBAL INC L 1399663 COST PLUS OVERH BABSON GLOBAL INC N INCL IN ABOVE