2017-05-15T14:23:28-05:00 2016-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2015-07-01 042103544 Babson College % RICHARD BOWMAN BABS 7812395298 231 Forest Street Babson Park MA 024570310 KATHERINE CRAVEN CHIEF ADMIN OFFICER 7812395298 2017-05-12 true ERIN COUTURE P01390592 6175305000 2015 2021-01-29 14:40:06Z KERRY HEALEY 231 FOREST STREET BABSON PARK MA 02457 304035816 false X WWW.BABSON.EDU X 1919 MA SEE SCHEDULE O 40 35 2305 2720 381085 -356566 17512072 22073133 202200650 203175130 10133016 4863337 2690214 2696476 232535952 232808076 36639751 40343452 0 0 107685411 111113865 0 0 5472864 76282704 79045390 220607866 230502707 11928086 2305369 600473682 633954756 188432813 233458259 412040869 400496497 X BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC AND SOCIAL VALUE EVERYWHERE. false false 198828207 40343452 203175130 BABSON COLLEGE ENROLLS APPROXIMATELY 2,283 UNDERGRADUATE AND 882 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. 198828207 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 true true true true false false false false false false false false true true true false false false false true true true false false true 436 0 true 2305 true true true false false false false true true false false false false X 40 35 true false true false false false false true true false false false true true true true false true true false CA MA X X X RICHARD BOWMAN 7812395298 231 FOREST STREET Babson Park MA 024570310 X MICHAEL J ANGELAKIS TRUSTEE 1.2 0.0 X 0 0 0 THE HONOR CRAIG BENSON TRUSTEE/VICE CHAIR (UNT 10/15) 1.2 0.0 X X 0 0 0 ETTORE V BIAGIONI TRUSTEE 1.2 0.0 X 0 0 0 HOWARD BROWN TRUSTEE 1.2 0.0 X 0 0 0 MARLA M CAPOZZI VICE CHAIR (STARTING 10/15) 1.2 1.2 X X 16246 0 0 PAUL W CHISHOLM TRUSTEE 1.2 0.0 X 0 0 0 THEODORE A CLARK TRUSTEE 1.2 0.0 X 0 0 0 TIMOTHY A DEMELLO TRUSTEE (UNTIL 10/15) 1.2 0.0 X 0 0 0 DEBORAH DESANTIS TRUSTEE 1.2 0.0 X 0 0 0 GARY T DICAMILLO TRUSTEE 1.2 0.0 X 7191 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 THOMAS F GILBANE JR TRUSTEE 1.2 0.0 X 0 0 0 BRETT A GORDON TRUSTEE 1.2 0.0 X 0 0 0 LEONARD GREEN TRUSTEE 1.2 0.0 X 0 0 0 DR KERRY HEALEY TRUSTEE/PRESIDENT 40.0 20.0 X X 719000 0 62296 JAMES HERBERT II TRUSTEE (STARTING 10/15) 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 ERIC G JOHNSON TRUSTEE 1.2 0.0 X 0 0 0 JOHN JOHNSON TRUSTEE (STARTING 5/16) 1.2 0.0 X 0 0 0 FRED SC KIANG TRUSTEE 1.2 0.0 X 0 0 0 CARMELLA KLETJIAN TRUSTEE 1.2 0.0 X 0 0 0 DAVID F LAMERE TRUSTEE 1.2 0.0 X 0 0 0 LOUIS J LAVIGNE JR TRUSTEE (UNTIL 12/15) 1.2 1.2 X 0 0 0 SUCHITRA LOHIA TRUSTEE (STARTING 10/15) 1.2 0.0 X 0 0 0 MICHAEL S LORBER TRUSTEE 1.2 0.0 X 0 0 0 DAVID LUCCHINO TRUSTTEE 1.2 0.0 X 0 0 0 MANOJ NARENDER MADNANI TRUSTEE 1.2 0.0 X 0 0 0 CARLOS MATTOS TRUSTEE 1.2 0.0 X 0 0 0 JEFFREY J MCLANE TRUSTEE 1.2 0.0 X 0 0 0 DR RICHARD K MILLER TRUSTEE 1.2 0.0 X 0 0 0 RICHARD A RENWICK 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 0.0 X 0 0 0 CAROLINA SAMSING TRUSTEE (STARTING 10/15) 1.2 0.0 X 0 0 0 AMANDA STRONG TRUSTEE 1.2 0.0 X 0 0 0 MEAGHAN TOOTHAKER TRUSTEE (STARTING 10/15) 1.2 0.0 X 0 0 0 MARTHA D VORLICEK TREASURER 1.2 0.0 X X 0 0 0 ROBERT E WEISSMAN TRUSTEE 1.2 0.0 X 0 0 0 JOSEPH WINN TRUSTEE/CHAIR, BOARD OF TRUSTE 1.2 1.2 X X 0 0 0 GARY ZWERLING TRUSTEE 1.2 0.0 X 0 0 0 GORDON PRICHETT PROVOST-INTERIM(STARTING 7/15) 40.0 0.0 X 207546 0 22463 KATHERINE CRAVEN CHIEF ADMIN OFFICER 40.0 0.0 X 377773 0 30013 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 40.0 0.0 X 258877 0 51417 DIANA ZAIS VP FOR DEVELOPMENT(SEE SCH O) 40.0 0.0 X 212264 0 51503 CAROL HACKER VP ALUMNI & FRIENDS(SEE SCH O) 40.0 0.0 X 201177 0 22957 DONNA BONAPARTE VP FOR HR (SEE SCH O) 40.0 0.0 X 236050 0 34590 JONATHAN MOLL VP GENERAL COUN/SECRETARY 40.0 20.0 X 308146 0 49145 JANE EDMONDS VP GOVERNANCE/CLERK(SEE SCH O) 40.0 20.0 X 144481 0 18850 EDWARD CHIU SR VP ADVNCMNT (STARTING 9/15) 40.0 0.0 X 122231 0 6423 PHILLIP KNUTEL CIO (SEE SCH O) 40.0 0.0 X 244116 0 51618 MICHAEL LAYISH CLERK (STARTING 5/16) 20.0 0.0 X 170117 0 36540 MARNI ALLEN ASST CLERK (STARTING 5/16) 1.2 0.0 X 39607 0 65 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 40.0 0.0 X 351240 0 44627 JAY A RAO FACULTY 40.0 0.0 X 464827 0 43845 ANDREW L ZACHARAKIS PROFESSOR 40.0 0.0 X 353613 0 51290 Anirudh Dhebar PROFESSOR - MARKETING 40.0 0.0 X 391968 0 52691 HEIDI NECK PROFESSOR 40.0 0.0 X 372339 0 37019 PATRICIA GREENE PROFESSOR 40.0 0.0 X 351917 0 28488 RANCH KIMBALL FORMER COO 0.0 0.0 X 177500 0 0 ALFRED NANNI FACULTY 40.0 0.0 X 331918 0 59442 PHILIP SHAPIRO FORMER VP FINANCE 0.0 0.0 X 134737 0 7391 SHAHID ANSARI CEO BABSON GLOBAL 0.0 40.0 X 373863 0 29958 6568744 0 792631 282 true true false CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 3041047 CPSG PARTNERS LLC 5001 SPRING VALLEY ROAD 300 EAST DALLAS TX 75244 SOFTWARE CONSULTANTS 501405 SIGNATURE PRINTING CONSULTING 800 WEST CUMMINGS PARK SUITE 2900 WOBURN MA 01801 PRINTING SERVICE 316593 ENTREPRENEURSHIP POLICY ADVISORS LL 475 ARSENAL COURT SUITE J WATERTOWN MA 02472 CONSULTING 302237 BIGELOW FLEMING LLC 14 NORFOLK AVENUE SOUTH EASTON MA 02375 CONSTRUCTION MNGMT 253472 24 55600 767177 21250356 389774 22073133 TUITION & FEES 900099 152320841 152320841 ROOM & BOARD 900099 26786769 26786769 ED/NON-ED PROGRAM REVENUE 900099 23697804 23697804 OTHER ED PROG/AUX ACT 721000 369716 369716 203175130 2117828 -69133 2186961 156682 156682 0 2727882 2727882 0 2727882 2727882 73711971 71123144 2588827 2588827 80502 2508325 64460 55600 80842 -16382 -16382 8730 23754 -15024 -15024 0 0 232808076 202805414 381085 7548444 280000 280000 40063452 40063452 0 0 5197585 1349030 3159918 688637 1305282 1305282 83368039 70485103 10561657 2321279 6368830 5384649 806849 177332 9323026 7882331 1181107 259588 5551103 4693286 703253 154564 0 395177 2296 392881 359901 10346 349555 0 0 322492 322492 1467004 582308 884696 4811280 3716113 1079637 15530 4537985 3463916 803981 270088 7986112 7364019 598554 23539 0 8393541 8251135 108652 33754 7165795 4920230 1844824 400741 0 2198591 2079782 103173 15636 5754263 5754263 0 11807380 11607054 152843 47483 0 FOOD & BEVERAGE SERVICE 8621254 8621254 PROFESSIONAL CONSULTING 6558688 4988065 1202519 368104 ROOM, CONF, & ADMIN 3102669 3102669 TAX 454675 305000 149675 5108583 2294132 2117862 696589 230502707 198828207 26201636 5472864 34469158 33065763 0 0 31702429 32860979 6938622 6444047 0 0 0 0 4104285 3822559 0 0 5285316 5181564 413648082 230390342 161318301 183257740 247893266 260012823 100735663 86683709 0 0 0 0 8026642 22625572 600473682 633954756 25421933 24396013 0 0 15857531 27555228 105281766 137372331 0 0 0 0 24785000 23820000 0 0 17086583 20314687 188432813 233458259 X 174047118 165033726 125197590 116459383 112796161 119003388 412040869 400496497 600473682 633954756 2305369 -13849741 X X false true X true true true X 22033031 11275700 20810199 17512072 22073133 93704135 0 0 22033031 11275700 20810199 17512072 22073133 93704135 14935625 78768510 4798963 6347086 4838469 6274065 5071525 27330108 111208 1040698 1151906 50750 66345 48260 73190 238545 122424694 966306935 0.64340 0.65062 X FORM 990, SCHEDULE A, PART II, LINE 10 COLUMNS (A),(B),(C),(E) - 2011, 2012, 2013, 2015: LINE 10 INCLUDES INCOME FROM FUNDRAISING AND GAMING ACTIVITIES. 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 348628929 17401454 -7624128 2577169 9132554 346696532 332014635 9318164 17977769 2464963 8216676 348628929 275519968 26558248 39608164 2223083 7448662 332014635 239492137 11995372 33419630 2173736 7213435 275519968 243252672 8301653 -2366163 2152163 7543862 239492137 0.43000 0.32000 0.25000 false false 1600545 1600545 311501160 172570483 138930677 47482612 37520748 9961864 53063765 20299111 32764654 183257740 ALTERNATIVE INVESTMENTS 86683709 F 86683709 0 LOANS 3277086 CONTRACTS 17037601 20314687 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. Central America and the Caribbean Program Services STUDENT STUDY ABROAD 26025 East Asia and the Pacific Program Services STUDENT STUDY ABROAD 169742 Europe (Including Iceland and Greenland) Program Services STUDENT STUDY ABROAD 1945049 Russia and the Newly Independent States Program Services STUDENT STUDY ABROAD 127200 South America Program Services STUDENT STUDY ABROAD 41044 South Asia Program Services STUDENT STUDY ABROAD 95400 Sub-Saharan Africa Program Services STUDENT STUDY ABROAD 39800 East Asia and the Pacific Program Services ELECTIVE ABROAD 168455 Europe (Including Iceland and Greenland) Program Services ELECTIVE ABROAD 303754 Russia and the Newly Independent States Program Services ELECTIVE ABROAD 52670 South America Program Services ELECTIVE ABROAD 219655 Central America and the Caribbean Investments 43821457 East Asia and the Pacific 10 Program Services EXECUTIVE EDUCATION 230423 North America 10 Program Services EXECUTIVE EDUCATION 98753 Europe (Including Iceland and Greenland) 21 Program Services EXECUTIVE EDUCATION 424358 South Asia 4 Program Services EXECUTIVE EDUCATION 83587 South America 22 Program Services EXECUTIVE EDUCATION 759705 Middle East and North Africa 11 Program Services EXECUTIVE EDUCATION 209793 Middle East and North Africa Fundraising DEVELOPMENT 198460 Europe (Including Iceland and Greenland) Fundraising DEVELOPMENT 204705 North America Fundraising DEVELOPMENT 505 Middle East and North Africa Fundraising DEVELOPMENT 30500 East Asia and the Pacific Fundraising DEVELOPMENT 10000 67 11 78 48607077 653963 49261040 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 120060 55600 64460 74474 53 6315 0 120060 55600 64460 74474 53 6315 80842 -16382 231 FOREST STREET BABSON PARK MA 02457 true BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 501(C)(3) 280000 SUPPORT COLLEGE 1 INSTITUTIONAL GRANTS/SCHOLARSHIP 1416 40063452 SCHEDULE I, PART I, LINE 2 THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAL-PROCESSOR-IDENTIFIED ELIGIBILITY CONFLICTS, AND 100% VERIFICATION OF REPORTED PARENT AND STUDENT INCOMES. FOR ALL FUNDS, THERE IS A SEPARATION OF THE AWARDING AND DISBURSEMENT FUNCTIONS (DIFFERENT INDIVIDUALS RESPONSIBLE FOR EACH), MONTHLY RECONCILIATIONS BETWEEN STUDENT ACCOUNTS AND THE COLLEGE'S GENERAL LEDGER, AND AN ANNUAL AUDIT IN ACCORDANCE WITH OMB CIRCULAR A-133. SCHEDULE I, PART III THE CASH GRANT IS REFLECTED ON STUDENTS' ACCOUNTS. X X X X X false true X X X true true false true false false false true true true DR KERRY HEALEY TRUSTEE/PRESIDENT 602297 0 0 0 116703 0 29430 0 32866 0 781296 0 0 0 GORDON PRICHETT PROVOST-INTERIM(STARTING 7/15) 187743 0 0 0 19803 0 22130 0 333 0 230009 0 0 0 KATHERINE CRAVEN CHIEF ADMIN OFFICER 341902 0 17500 0 18371 0 29430 0 583 0 407786 0 0 0 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 226742 0 12500 0 19635 0 28380 0 23037 0 310294 0 0 0 DIANA ZAIS VP FOR DEVELOPMENT(SEE SCH O) 211374 0 0 0 890 0 24250 0 27253 0 263767 0 0 0 CAROL HACKER VP ALUMNI & FRIENDS(SEE SCH O) 200403 0 0 0 774 0 21587 0 1370 0 224134 0 0 0 RANCH KIMBALL FORMER COO 0 0 0 0 177500 0 0 0 0 0 177500 0 0 0 DONNA BONAPARTE VP FOR HR (SEE SCH O) 227713 0 6884 0 1453 0 25580 0 9010 0 270640 0 0 0 JONATHAN MOLL VP GENERAL COUN/SECRETARY 297825 0 9000 0 1321 0 29430 0 19715 0 357291 0 0 0 JANE EDMONDS VP GOVERNANCE/CLERK(SEE SCH O) 143903 0 0 0 578 0 15107 0 3743 0 163331 0 0 0 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 348786 0 0 0 2454 0 29430 0 15197 0 395867 0 0 0 JAY A RAO FACULTY 462500 0 2000 0 327 0 17750 0 26095 0 508672 0 0 0 ALFRED NANNI FACULTY 329888 0 0 0 2030 0 29430 0 30012 0 391360 0 0 0 ANDREW L ZACHARAKIS PROFESSOR 350181 0 3000 0 432 0 22406 0 28884 0 404903 0 0 0 Anirudh Dhebar PROFESSOR - MARKETING 390867 0 0 0 1101 0 20286 0 32405 0 444659 0 0 0 HEIDI NECK PROFESSOR 372096 0 0 0 243 0 19746 0 17273 0 409358 0 0 0 PATRICIA GREENE PROFESSOR 350381 0 0 0 1536 0 26878 0 1610 0 380405 0 0 0 PHILIP SHAPIRO FORMER VP FINANCE 18070 0 0 0 116667 0 0 0 7391 0 142128 0 0 0 SHAHID ANSARI CEO BABSON GLOBAL 333152 0 20000 0 20711 0 29430 0 528 0 403821 0 0 0 PHILLIP KNUTEL CIO (SEE SCH O) 225740 0 0 0 18376 0 19498 0 32120 0 295734 0 0 0 MICHAEL LAYISH CLERK (STARTING 5/16) 159988 0 10000 0 129 0 11748 0 24792 0 206657 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 4A RANCH KIMBALL SEPARATED FROM THE ORGANIZATION IN 2014. IN CONNECTION WITH HIS SEPARATION, HE WAS ENTITLED TO TOTAL PAYMENTS OF $365,000 AND OUTPLACEMENT SERVICES. IN 2015 HE RECEIVED HIS FINAL PAYMENT OF $177,500 UNDER THIS AGREEMENT WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). PHILIP SHAPIRO SEPARATED FROM THE 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). 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 2015 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B (III). SCHEDULE J, PART I, LINE 5 ONE KEY EMPLOYEE HAS AN INCENTIVE PLAN BASED ON THE PERFORMANCE OF CERTAIN PROGRAMS AT THE COLLEGE. SCHEDULE J, PART I, LINE 7 FROM TIME TO TIME HIGHEST COMPENSATED EMPLOYEES 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. 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SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2008A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT(2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2011A) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: REFINANCE DEBT(1998A) BLANK CENTER SCHEDULE K, PART I, COLUMN A, ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2013) SCHEDULE K, PART I, COLUMN F, DESCRIPTION OF PURPOSE: NEW BUILDING, MISC. PROJECT SCHEDULE K, PART II, COLUMN D: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE OF THE 2013 DUE TO INVESTMENT EARNINGS ON THE PROJECT FUND SCHEDULE K, PART IV, LINE 2C, THE REBATE COMPUTATION DATES: MA DEVELOPMENT FIN AGENCY (2007A) - OCTOBER, 2014 MA DEVELOPMENT FIN AGENCY (2008A) - APRIL, 2015 MA DEVELOPEMNT FIN AGENCY (2011A) - JULY, 2014 A MA DEVELOPMENT FINANCE AGENCY (2015A) 043431814 57584XCC3 2015-08-05 26750183 REFINANCE DEBT (2005A) AND (2007A) false false false B MA DEVELOPMENT FINANCE AGENCY (2015B) 043431814 000000000 2015-08-28 37000000 RENO RESIDENCE HALLS NEW ATHLETIC false false false A 0 0 26750183 0 0 13503019 312136 0 0 0 12935028 0 true true false true B 532365 0 37000000 0 0 0 246942 0 0 16266176 0 20486882 false false false true A false false true true false 0.00500 0.00500 false false false true B false false false false 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 A true B true JANICE BELL SPOUSE OF FORMER PROVOST 458663 FACULTY WAGES false DANIEL LAMERE SON OF TRUSTEE 15243 COMPENSATION false GILBANE CONSTRUCTION TRUSTEE IS OWNER 4105487 CONSTRUCTION SERVICES false SCHEDULE L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: JANICE BELL (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF THE FORMER PROVOST (C) AMOUNT OF TRANSACTION $458,663 (D) DESCRIPTION OF TRANSACTION: FACULTY WAGES PAID (E) SHARING OF ORGANIZATION REVENUES? - NO (A) NAME OF PERSON: DANIEL LAMERE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SON OF TRUSTEE (C) AMOUNT OF TRANSACTION $15,243 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) SHARING OF ORGANIZATION REVENUES? - NO (A) NAME OF PERSON: GILBANE CONSTRUCTION (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE IS OWNER (C)AMOUNT OF TRANSACTION: $4,105,487 (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 29 389774 AVG. OF HI&LOW-DATE false true false SCHEDULE M, LINE 32B BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. COLUMN (B): BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). FORM 990, PART 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 APPROXIMATELY 2100 UNDERGRADUATE AND 900 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 A, LINE 2 TRUSTEE JOHN JOHNSON AND ERIC JOHNSON HAVE A FAMILY REALTIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES OF BABSON COLLEGE VOTED TO AMEND AND RESTATE THE BYLAWS IN JANUARY 2016. SIGNIFICANT CHANGES INCLUDED: REDUCTION IN THE NUMBER OF CORPORATE OFFICERS; INCREASE IN THE SERVICE TERM OF TRUSTEES; AND OTHER MINOR ADJUSTMENTS FOR ADMINISTRATIVE PURPOSES. 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 14 CURRENTLY THE COLLEGE HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, BUT HAS NOT BEEN APPROVED BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, OFFICERS, AND KEY EMPLOYEES OF THE COLLEGE IS REVIEWED BY HUMAN RESOURCES AT LEAST ONCE A YEAR. THIS REVIEW INCLUDES COMPARING RELEVANT, INDEPENDENT MARKET COMPENSATION AND IS DOCUMENTED. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED APPROPRIATE INFORMATION INCLUDING A RECOMMENDATION FOR COMPENSATION (OR INCREASE IN COMPENSATION). ANY CHANGES TO COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES IS APPROVED BY THIS COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 BABSON COLLEGE'S FINANCIAL STATEMENTS CAN BE FOUND AT WWW.BABSON.EDU. BABSON DOES NOT MAKE AVAILABLE TO THE PUBLIC OUR CONFLICT OF INTEREST POLICY, OR OTHER GOVERNING DOCUMENTS. FORM 990, PART VII, SECTION A GARY T. DICAMILLO RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL OF HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. MARLA M. CAPOZZI RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL OF HER COMPENSATION WAS FOR HER SERVICE AS AN ADJUNCT LECTURER. FORM 990, PART VII, SECTION A EFFECTIVE JANUARY 2016, BABSON COLLEGE AMENDED ITS BYLAWS TO RE-CLASSIFY CERTAIN POSITIONS (INDICATED WITH "SEE SCHEDULE O" NEXT TO THEIR TITLES). AS SUCH, THEY WILL NO LONGER BE CLASSIFIED AS "OFFICERS" GOING FORWARD. PLEASE SEE DISCLOSURE FOR PART VI, SECTION A, LINE 4 FOR A DESCRIPTION OF THE CHANGE IN BYLAWS. ALFRED NANNI AND SHAHID ANSARI ARE FORMER PROVOSTS OF BABSON COLLEGE. 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) LINE 11A, I BABSON COLLE true CHARITABLE REMAINDER UNITRUST (2) ONE LINCOLN STREET BOSTON MA 02111 FUNDRAISING MA NA TRUST false false true false false false false false false false false false true false true false false false false true BABSON GLOBAL INC B 280000 ACTUAL COST BABSON GLOBAL INC L 4989946 COST PLUS OVERH BABSON GLOBAL INC N INCL IN ABOVE BABSON GLOBAL INC S 11000000 ACTUAL COST