2017-05-15T14:42:47-05:00 2016-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2015-07-01 271642647 Babson Global Inc % RICHARD BOWMAN BABS 7812395298 231 Forest Street Babson Park MA 024570310 KATHERINE CRAVEN CFO BABSON COLLEGE 7802395298 2017-05-15 true ERIN COUTURE P01390592 6175305000 2015 2021-01-29 14:40:06Z KATHERINE CRAVEN 231 FOREST STREET BABSON PARK MA 024570310 8977367 false X BABSONGLOBAL.ORG X 2010 MA SEE SCHEDULE O 5 3 0 0 0 0 20262423 280000 13375706 8673607 27394 23760 0 0 33665523 8977367 0 0 0 0 0 0 0 0 0 11003781 7548042 11003781 7548042 22661742 1429325 35773089 36792982 12383320 12024692 23389769 24768290 X SEE SCHEDULE O false false 6521724 8673607 BABSON GLOBAL WAS CREATED TO MANAGE BABSON'S GLOBAL PROJECTS AND ACTIVITIES THAT FALL OUTSIDE OF THE TRADITIONAL OFFERINGS IN UNDERGRADUATE, GRADUATE, AND EXECUTIVE EDUCATION. BASED ON THE REPUTATION, SKILLS, KNOWLEDGE, AND EXPERIENCE OF THE COLLEGE, BABSON GLOBAL DELIVERS PROGRAMS THAT EXTEND ENTREPRENEURIAL THOUGHT AND ACTION TO NEW POPULATIONS. 6521724 true true false false false false false false false true true true false false false false false true false true true false false false false false false false false true false false false false false false false false false false false false false true false false false true 48 0 true 0 false false false false false false false false false false X 5 3 false false false false false true true true true false false false true true true false false false false false MA X RICHARD BOWMAN 7812395298 231 FOREST STREET Babson Park MA 02457 SHAHID ANSARI TRUSTEE (UNTIL 3/16)/CEO&PRES 40.0 0.0 X X 0 373863 29958 ASHEESH ADVANI DIRECTOR (UNTIL 3/16) 1.2 0.0 X 0 0 0 STEVEN KOLTAI DIRECTOR (UNTIL 3/16) 1.2 0.0 X 0 0 0 RONALD G WEINER DIRECTOR 1.2 0.0 X 0 0 0 JOSEPH WINN DIRECTOR 1.2 1.2 X 0 0 0 PEDRO MARTIN DIRECTOR (UNTIL 3/16) 1.2 0.0 X 0 0 0 LUPO DEL BONO DIRECTOR (UNTIL 3/16) 1.2 0.0 X 0 0 0 JAMES RULLO DIRECTOR 1.2 0.0 X 0 0 0 DHRUV GREWAL DIRECTOR (START 3/16) 1.2 40.0 X 0 288673 57482 KATHLEEN HEVERT DIRECTOR (START 3/16) 1.2 40.0 X 0 177842 18619 JONATHAN MOLL ASSISTANT CLERK/GEN COUNSEL 20.0 40.0 X 0 308146 49145 MARNI ALLEN ASST. CLERK (START 3/16) 20.0 40.0 X 0 39607 11813 LULU GUSTAVSEN TREASURER 40.0 0.0 X 0 85969 34332 JANE EDMONDS CLERK (UNTIL 4/16) 20.0 40.0 X 0 144481 18850 PHILIP SHAPIRO FORMER VP FINANCE(UNTIL 12/14) 0.0 0.0 X 0 134737 7391 FARHOUD KAFI FORMER PRESIDENT (UNTIL 11/14) 40.0 0.0 X 0 157307 24588 ANTHONY DEGREGORIO FORMER TREASURER (UNTIL 11/14) 0.0 0.0 X 0 189477 40237 0 1900102 292415 0 true true false BABSON COLLEGE 231 FOREST STREET BABSON PARK MA 02457 CONSULTING 6203770 STRATESPHERE 100 CREEKSIDE PLAZA GAHANNA OH 43230 CONSULTING 4074420 TYLER GEERSTEN LLC 3433 CORWIN CT LOOMIS CA 95650 CONSULTING 109697 3 280000 0 280000 SERVICE FEES 611710 8673607 8673607 8673607 23760 23760 0 0 0 0 0 0 0 0 0 0 8977367 8673607 23760 0 0 0 0 0 0 0 0 0 0 1182170 1182170 97327 6709 90618 13000 13000 0 0 0 0 0 60770 39408 21362 0 0 3300 3300 298799 295233 3566 0 0 0 0 42179 42179 0 PAYMENTS UNDER MSA 5841886 4989947 851939 OTHER EXPENSE 8611 8257 354 7548042 6521724 1026318 0 8975554 9877434 1002370 2005916 18000000 5000000 976182 1325976 0 0 0 0 0 0 0 0 2489785 3474820 210894 105447 147626 105447 0 0 4181572 15003389 0 0 0 0 0 0 35773089 36792982 1318011 426114 0 0 11065309 11598578 0 0 0 0 0 0 0 0 0 0 0 0 12383320 12024692 X 3512466 5134340 9877303 9633950 10000000 10000000 23389769 24768290 35773089 36792982 1429325 -50804 X false true X false false X X X 1 BABSON COLLEGE 042103544 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4181572 11000000 -13888 164295 15003389 2000000 2000000 181572 4181572 2000000 2000000 1.00000 false true true 210894 105447 105447 105447 INVESTMENTS 15003389 F 15003389 SCHEDULE D, PART V, LINE 3A(II) THE ENDOWMENT FUNDS OF BABSON GLOBAL ARE INTENDED TO SUPPORT BABSON GLOBAL'S MISSION OF DELIVERING PROGRAMS THAT EXTEND ENTREPRENEURIAL THOUGHT AND ACTION TO NEW POPULATIONS THROUGHOUT THE WORLD. East Asia and the Pacific 6 Program Services Teaching Program 116998 Europe (Including Iceland and Greenland) 1 Program Services Training Program 21184 North America 1 Program Services Teaching Program 6693 South America 3 Program Services Training Program 140000 Middle East and North Africa 6 Program Services Training Program 120428 Middle East and North Africa 1 Program Services Educational Assistance 229427 Middle East and North Africa 2 Program Services Teaching Program 76856 20 20 711586 711586 false false false false false true PART I, LINE 3 ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. true false false false false false false false false SHAHID ANSARI TRUSTEE (UNTIL 3/16)/CEO&PRES 0 333152 0 20000 0 20711 0 29430 0 528 0 403821 0 0 JONATHAN MOLL ASSISTANT CLERK/GEN COUNSEL 0 297825 0 9000 0 1321 0 29430 0 19715 0 357291 0 0 JANE EDMONDS CLERK (UNTIL 4/16) 0 143903 0 0 0 578 0 15107 0 3743 0 163331 0 0 DHRUV GREWAL DIRECTOR (START 3/16) 0 285046 0 3000 0 627 0 29430 0 28052 0 346155 0 0 KATHLEEN HEVERT DIRECTOR (START 3/16) 0 177209 0 0 0 633 0 18289 0 330 0 196461 0 0 PHILIP SHAPIRO FORMER VP FINANCE(UNTIL 12/14) 0 18070 0 0 0 116667 0 0 0 7391 0 142128 0 0 FARHOUD KAFI FORMER PRESIDENT (UNTIL 11/14) 0 123482 0 0 0 33825 0 12462 0 12126 0 181895 0 0 ANTHONY DEGREGORIO FORMER TREASURER (UNTIL 11/14) 0 176063 0 12000 0 1414 0 16695 0 23542 0 229714 0 0 SCHEDULE J, PART I, LINE 3 ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION SURVEYS - COMPENSATION COMMITTEE - APPROVAL BY THE COMPENSATION COMMITTEE SCHEDULE J, PART I, LINE 4A FARHOUD KAFI SEPARATED FROM BABSON GLOBAL IN 2014. IN CONNECTION WITH HIS SEPARATION, HE RECEIVED 6 MONTHS OF SEVERANCE. THE AMOUNT PAID IN 2015 OF $30,900 IS INCLUDED IN SCHEDULE J, PART II COLUMN B (III). SCHEDULE J, PART I, LINE 4A PHILIP SHAPIRO SEPARATED FROM BABSON COLLEGE, A RELATED ORGANIZATION, IN 2014. IN CONNECTION WITH HIS SEPARATION, HE RECEIVED 1 YEAR OF SEVERANCE COMPENSATION AND BENEFITS. THE AMOUNT PAID IN 2015 OF $116,667 IS INCLUDED IN SCHEDULE J, PART II COLUMN B (III). FORM 990, PART I, LINE 1 AND PART III LINE 1 DESCRIPTION OF ORGANIZATION MISSION BABSON GLOBAL, INC. (THE "ORGANIZATION") WAS FORMED ON JANUARY 7, 2010 EXCLUSIVELY TO PERFORM INTERNATIONALLY AND TO CARRY OUT CERTAIN EDUCATIONAL PURPOSES OF, AND OTHERWISE ADVANCE AND SUPPORT THE EDUCATIONAL OBJECTIVES OF BABSON COLLEGE, A MASSACHUSETTS NON-PROFIT EDUCATIONAL CORPORATION ("BABSON") PARTICULARLY WITH THE OBJECTIVE OF DEMOCRATIZING GLOBAL ENTREPRENEURSHIP. FORM 990, PART VI , SECTION A, LINE 7A BABSON COLLEGE, A RELATED ORGANIZATION, IS A MEMBER AND CAN ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BABSON COLLEGE APPROVES GOVERNING BODY DECISIONS. 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 DIRECTORS 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 DIRECTORS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND STATEMENT OF COMPLIANCE. THEIR RESPONSE TO THE QUESTTIONNAIRE 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 13 AND 14 DIRECTORS AND OFFICERS OF BABSON GLOBAL ALSO SERVE AS OFFICERS AND DIRECTORS OF BABSON COLLEGE. IN THAT CAPACITY THEY ARE BOUND BY THE POLICIES OF BABSON COLLEGE. THESE POLICIES HAVE NOT BEEN APPROVED BY THE BOARD OR A COMMITTEE OF THE BOARD OF DIRECTORS OF BABSON GLOBAL, INC. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND OFFICERS OF BABSON GLOBAL, INC, ARE COMPENSATED BY BABSON COLLEGE. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION SURVEYS - COMPENSATION COMMITTEE - APPROVAL BY THE COMPENSATION COMMITTEE FORM 990, PART VI, SECTION C, LINE 19 BABSON GLOBAL DOES NOT MAKE AVAILABLE TO THE PUBLIC OUR CONFLICT OF INTEREST POLICY, OR OTHER GOVERNING DOCUMENTS. FINANCIAL STATEMENTS ARE AVAILABLE AS PART OF THE ORGANIZATION'S FILING WITH THE MA ATTORNEY GENERAL. BABSON COLLEGE 231 FOREST STREET BABSON PARK MA 02457 042103544 EDUCATIONAL MA 501(C)(3) LINE 2 false CHARITABLE REMAINDER UNITRUST (2) FUNDRAISING MA BABSON COLLEGE TRUST false false false true false false false false false false false false false true true false false false true false