2016-05-09T14:56:22-05:00 2015-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD Boston MA 02210 990 2014-07-01 042103544 Babson College % RICHARD BOWMAN BABS 7812395298 231 Forest Street Babson Park MA 024570310 KATHERINE CRAVEN CHIEF ADMIN OFFICER 7812395298 2016-05-06 true ERIN COUTURE P01390592 6175305000 2014 2016-08-17 19:52:53Z KERRY HEALEY 231 FOREST STREET BABSON PARK MA 02457 301726561 false X WWW.BABSON.EDU X 1919 MA SEE SCHEDULE O 37 32 2286 2504 1724256 1040698 20810199 17512072 196225857 202200650 9429009 10133016 2632752 2690214 229097817 232535952 36030117 36639751 0 0 102354314 107685411 0 0 4522408 75466065 76282704 213850496 220607866 15247321 11928086 576615266 600473682 185067181 188432813 391548085 412040869 BABSON COLLEGE EDUCATES MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. WE PREPARE THEM, IDENTIFY OPPORTUNITIES, AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. false false 190327295 36639751 202200650 BABSON COLLEGE ENROLLS APPROXIMATELY 2,100 UNDERGRADUATE AND 900 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. 190327295 true true false true false false false true false true true true false false true false false true true true true false false false false false false true true true true false false false false false false false false true false true false false false false true true true false false true 426 0 true 2286 true true true false false false false true true false false false false X 37 32 false false false 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 VICE CHAIR, BOARD OF TRUSTEES 1.2 0.0 X X 0 0 0 ETTORE V BIAGIONI TRUSTEE 1.2 0.0 X 0 0 0 HOWARD BROWN TRUSTEE (STARTING 7/14) 1.2 0.0 X 0 0 0 MARLA M CAPOZZI TRUSTEE 1.2 1.2 X 56761 0 0 PAUL W CHISHOLM TRUSTEE 1.2 0.0 X 0 0 0 THEODORE A CLARK TREASURER (UNTIL 10/14) 1.2 0.0 X X 0 0 0 TIMOTHY A DEMELLO TRUSTEE 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 6982 0 0 CRAIG M DONALDSON TRUSTEE 1.2 0.0 X 0 0 0 HARISH M FABIANI TRUSTEE (STARTING 10/14) 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 (STARTING 10/14) 1.2 0.0 X 0 0 0 LEONARD GREEN TRUSTEE 1.2 0.0 X 0 0 0 MUHAMMAD H HABIB TRUSTEE (UNTIL 10/14) 1.2 0.0 X 0 0 0 DR KERRY HEALEY TRUSTEE/PRESIDENT 40.0 20.0 X X 670456 0 101272 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 FRED SC KIANG TRUSTEE 1.2 0.0 X 0 0 0 CHARLETON F KILMER TRUSTEE (UNTIL 3/15) 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 1.2 1.2 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 WARREN KK LUKE TRUSTEE (UNTIL 10/14) 1.2 0.0 X 0 0 0 NARENDER MANOJ MADNANI TRUSTEE (STARTING 10/14) 1.2 0.0 X 0 0 0 CARLOS MATTOS TRUSTEE 1.2 0.0 X 0 0 0 JEFFREY J MCLANE TRUSTEE (STARTING 5/14) 1.2 0.0 X 0 0 0 DR RICHARD K MILLER TRUSTEE 1.2 0.0 X 0 0 0 GORDON PRICHETT TRUSTEE 1.2 0.0 X 15500 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 (STARTING 10/14) 1.2 0.0 X 0 0 0 AMANDA STRONG TRUSTEE 1.2 0.0 X 0 0 0 MARTHA D VORLICEK TREASURER (STARTING 10/14) 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 DENNIS HANNO PROVOST (Until 7/14) 40.0 0.0 X 222283 0 34412 RANCH KIMBALL COO (UNTIL 10/14) 40.0 0.0 X 400554 0 39589 KATHERINE CRAVEN CAO 40.0 0.0 X 315812 0 21420 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 40.0 0.0 X 224507 0 47005 DIANA ZAIS VP FOR DEVELOPMENT 40.0 0.0 X 205773 0 50500 CAROL HACKER VP OF ALUMNI&FRIENDS NETWORK 40.0 0.0 X 194722 0 24312 DONNA BONAPARTE VP FOR HR 40.0 0.0 X 223980 0 33347 GRANT GOSSELIN VP ENROLLMENT/DEAN(UNTIL 7/14) 40.0 0.0 X 105077 0 24447 JONATHAN MOLL VP AND GENERAL COUNSEL 40.0 20.0 X 280816 0 53740 SAMUEL DUNN VP FACILITIES MGT (UNT 10/14) 40.0 0.0 X 436187 0 35789 JANE EDMONDS VP FOR GOVERNANCE/CLERK 40.0 20.0 X 140873 0 19180 ALFRED NANNI PROVOST (STARTING 7/14) 40.0 20.0 X 292628 0 56772 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 40.0 0.0 X 422437 0 43752 JAY A RAO FACULTY 40.0 0.0 X 471452 0 47612 ANDREW L ZACHARAKIS PROFESSOR 40.0 0.0 X 374207 0 43764 PAUL MULLIGAN ASSOCIATE PROFESSOR 40.0 0.0 X 371699 0 33835 LESLIE CHARM SENIOR LECTURER 40.0 0.0 X 366729 0 24506 MICHAEL L FETTERS PROFESSOR 40.0 0.0 X 353976 0 24473 PHILLIP SHAPIRO VP FOR FINANCE (Until 2/14) 40.0 0.0 X 391869 0 45119 TRACEE PETRILLO FORMER CLERK 40.0 0.0 X 102344 0 14789 SHAHID ANSARI FORMER PROVOST 0.0 40.0 X 388776 0 30330 7036400 0 849965 241 true true false CONNELLY PARTNERS LLC 46 WALTHAM STREET BOSTON MA 02118 ADVERTISING 2439928 FIFTY EGGS INC 231 FOREST ST WOODLAND HILL-BLDG 4 BABSON PARK MA 02457 CONSULTANT 435228 SIGNATURE PRINTING CONSULTING 800 WEST CUMMINGS PARK SUITE 2900 WOBURN MA 01801 PRINTING 320725 CPSG PARTNERS LLC 5001 SPRING VALLEY ROAD 300 EAST DALLAS TX 75244 SOFTWARE CONSULTANTS 236229 ADAPTIVE COMMUNICATIONS LLC 230 COMMERCE WAY SUITE 100 PORTSMOUTH NH 03801 WIFI NETWORK 218334 20 716880 16795192 410488 17512072 TUITION & FEES 900099 150479558 150479558 ROOM & BOARD 900099 24828795 24828795 ED/NON-ED PROGRAM REVENUE 900099 26445777 26445777 OTHER ED PROG/AUX ACT 721000 446520 446520 202200650 3633549 62291 3571258 12593 12593 0 2690214 2690214 0 2690214 2690214 75677483 69190609 6486874 6486874 1215445 5271429 0 0 0 0 232535952 201754130 1724256 11545494 262423 262423 36377328 36377328 0 0 6128129 1829601 3648642 649886 1109863 1068275 41588 80523889 68601860 9743872 2178157 6000035 5111695 726040 162300 8444666 7194355 1021879 228432 5478829 4627424 695853 155552 0 261826 261826 329802 2239 327563 0 0 0 0 5295885 4631754 624820 39311 6665760 5265558 1235624 164578 8755791 8156151 562376 37264 0 5990081 5932968 56075 1038 7454648 5641413 1573069 240166 0 1835068 1750630 72345 12093 4923450 4923450 0 10620833 10432252 143935 44646 0 FOOD & BEVERAGE SERVICE 8441978 8441978 PROFESSIONAL CONSULTING 5695871 3776471 1491139 428261 ROOM, CONF, & ADMIN 3006643 3006643 OTHER EXPENSES 4789414 2353171 2255519 180724 2215654 939656 1275998 220607866 190327295 25758163 4522408 35254049 34469158 0 0 29538449 31702429 7208119 6938622 0 0 0 0 4358677 4104285 0 0 4998129 5285316 382728912 221410611 137227786 161318301 240981843 247893266 89032792 100735663 0 0 0 0 28015422 8026642 576615266 600473682 20080864 25421933 0 0 11812730 15857531 99405761 95411766 0 0 0 0 36395000 34655000 0 0 17372826 17086583 185067181 188432813 X 163609705 174047118 116416261 125197590 111522119 112796161 391548085 412040869 576615266 600473682 X 11928086 7063162 1538 1499998 X X false true X true true true X 23762424 22033031 11275700 20810199 17512072 95393426 0 0 23762424 22033031 11275700 20810199 17512072 95393426 15763042 79630384 3301836 4798963 6347086 4838469 6274065 25560419 58349 111208 1040698 1210255 62305 50750 66345 48260 227660 122391760 934191734 0.65062 0.66770 X FORM 990, SCHEDULE A, PART II, LINE 10 COLUMNS (A)-(D) 2010-2013: LINE 10 INCLUDES INCOME FROM FUNDRAISING AND GAMING ACTIVITIES. 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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. Russia and the Newly Independent States Program Services STUDENT STUDY ABROAD 90126 Sub-Saharan Africa Program Services STUDENT STUDY ABROAD 38962 East Asia and the Pacific Program Services STUDENT STUDY ABROAD 680627 Europe (Including Iceland and Greenland) Program Services STUDENT STUDY ABROAD 1820080 Middle East and North Africa Program Services STUDENT STUDY ABROAD 13848 South America Program Services STUDENT STUDY ABROAD 130427 North America Fundraising ALUMNI RELATIONS 5799 Central America and the Caribbean Investments 47143162 East Asia and the Pacific 29 Program Services EXECUTIVE EDUCATION 557782 Europe (Including Iceland and Greenland) 33 Program Services EXECUTIVE EDUCATION 683432 Middle East and North Africa 7 Program Services EXECUTIVE EDUCATION 178369 North America 1 Program Services EXECUTIVE EDUCATION 29676 South America 7 Program Services EXECUTIVE EDUCATION 124388 77 77 51496678 51496678 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. true BABSON GLOBAL INC 231 FOREST STREET BABSON PARK MA 02457 271642647 501(C)(3) 262423 SUPPORT COLLEGE 1 INSTITUTIONAL GRANTS/SCHOLARSHIP 1315 36377328 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 false true X X X true true false true false false false true true true DR KERRY HEALEY TRUSTEE/PRESIDENT 604990 0 0 0 65466 0 28860 0 72412 0 771728 0 0 0 DENNIS HANNO PROVOST (Until 7/14) 221350 0 0 0 933 0 20982 0 13430 0 256695 0 0 0 RANCH KIMBALL COO (UNTIL 10/14) 212106 0 0 0 188448 0 39282 0 307 0 440143 0 0 0 KATHERINE CRAVEN CAO 315512 0 0 0 300 0 21000 0 420 0 337232 0 0 0 MARY ROSE VP FOR CAMPUS & COMMUN AFFAIRS 205563 0 0 0 18944 0 25624 0 21381 0 271512 0 0 0 DIANA ZAIS VP FOR DEVELOPMENT 204916 0 0 0 857 0 23503 0 26997 0 256273 0 0 0 CAROL HACKER VP OF ALUMNI&FRIENDS NETWORK 194325 0 0 0 397 0 20919 0 3393 0 219034 0 0 0 PHILLIP SHAPIRO VP FOR FINANCE (Until 2/14) 98334 0 0 0 293535 0 17914 0 27205 0 436988 0 0 0 DONNA BONAPARTE VP FOR HR 223069 0 0 0 911 0 24796 0 8551 0 257327 0 0 0 JONATHAN MOLL VP AND GENERAL COUNSEL 279647 0 0 0 1169 0 28860 0 24880 0 334556 0 0 0 SAMUEL DUNN VP FACILITIES MGT (UNT 10/14) 291387 0 0 0 144800 0 28860 0 6929 0 471976 0 0 0 JANE EDMONDS VP FOR GOVERNANCE/CLERK 140348 0 0 0 525 0 13779 0 5401 0 160053 0 0 0 ELAINE EISENMAN DEAN OF BABSON EXE. EDU. 420073 0 0 0 2364 0 28860 0 14892 0 466189 0 0 0 JAY A RAO FACULTY 468246 0 3000 0 206 0 17289 0 30323 0 519064 0 0 0 ALFRED NANNI PROVOST (STARTING 7/14) 290810 0 0 0 1818 0 28860 0 27912 0 349400 0 0 0 TRACEE PETRILLO FORMER CLERK 95937 0 0 0 6407 0 9368 0 5421 0 117133 0 0 0 ANDREW L ZACHARAKIS PROFESSOR 371774 0 2000 0 433 0 22480 0 21284 0 417971 0 0 0 PAUL MULLIGAN ASSOCIATE PROFESSOR 371073 0 0 0 626 0 13053 0 20782 0 405534 0 0 0 LESLIE CHARM SENIOR LECTURER 366729 0 0 0 0 0 8345 0 16161 0 391235 0 0 0 MICHAEL L FETTERS PROFESSOR 350651 0 2000 0 1325 0 23761 0 712 0 378449 0 0 0 SHAHID ANSARI FORMER PROVOST 368672 0 0 0 20104 0 28860 0 1470 0 419106 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. HEALTH OR SOCIAL CLUB: THE PRESIDENT RECEIVED AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. PERSONAL SERVICES: IN CONNECTION WITH HIS DEPARTURE, THE COO RECEIVED CERTAIN OUTPLACEMENT SERVICES WHICH WERE TREATED AS NONTAXABLE. SCHEDULE J, PART I, LINE 1B ALL THE ITEMS CHECKED ABOVE ARE INCLUDED AS PART OF THE INDIVIDUAL'S EMPLOYMENT CONTRACT AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SCHEDULE J, PART I, LINE 4A SAMUEL DUNN SEPARATED FROM THE ORGANIZATION IN 2014. IN CONNECTION WITH HIS SEPARATION, HE RECEIVED SEVERANCE OF $93,987. THIS SEVERANCE AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). 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 2014 HE RECEIVED A PAYMENT OF $187,500 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 2014 OF $233,333 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 2014 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. A MA DEVELOPMENT FINANCE AGENCY (2005A) 043431814 57583RCV5 2005-08-31 22996717 NEW BUILDING MISC. 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PROJECT, REFINANCE DEBT. (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2007A) (F) DESCRIPTION OF PURPOSE: REFINANCE DEBT(1997A) FOR THE CONSTRUCTION OF SORENSON & THE CHAPEL. (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2008A) (F) DESCRIPTION OF PURPOSE: REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC. (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2011A) (F) DESCRIPTION OF PURPOSE: REFINANCE DEBT (1998A) BLANK CENTER. (A) ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY (2013) (F) DESCRIPTION OF PURPOSE: NEW BUILDING, MISC. PROJECT. SCHEDULE K, PART IV, LINE 2C, THE REBATE COMPUTATION DATES: MA DEVELOPMENT FINANCE AGENCY (2005A): AUGUST, 2014 MA DEVELOPMENT FINANCE AGENCY (2007A): OCTOBER, 2014 MA DEVELOPMENT FINANCE AGENCY (2008A): APRIL, 2015 MA DEVELOPMENT FINANCE AGENCY (2011A): JULY, 2014 A MA DEVELOPMENT FINANCE AGENCY (2013) 043431814 2013-07-17 35000000 New Building, Misc. Project false false false A 1276590 0 35000000 0 0 0 118081 0 0 28041747 0 6840172 2014 false false true true A false false false false 0.01140 0.01140 false false false true A false true false false false false 0 false 0 false true A true JANICE BELL SPOUSE OF FORMER PROVOST 340072 FACULTY WAGES false CAROLINE WINN DAUGHTER OF OFFICER/TRUST 41588 COMPENSATION 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 $340,072 (D) DESCRIPTION OF TRANSACTION: FACULTY WAGES PAID (E) SHARING OF ORGANIZATION REVENUES? - NO (A) NAME OF PERSON: CAROLINE WINN (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DAUGHTER OF OFFICER/TRUSTEE (C) AMOUNT OF TRANSACTION $41,588 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) SHARING OF ORGANIZATION REVENUES? - NO X 27 410488 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 IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2100 UNDERGRADUATE AND 900 GRADUATE ENROLLMENT. WE EDUCATE MEN AND WOMEN TO BE ENTREPRENEURIAL LEADERS IN A RAPIDLY CHANGING WORLD. THROUGHOUT THEIR CAREERS, WE PREPARE THEM TO IDENTIFY OPPORTUNITIES AND INITIATE ACTIONS THAT RESULT IN GENUINE ACCOMPLISHMENT. OUR INNOVATIVE CURRICULA CHALLENGE STUDENTS TO THINK CREATIVELY AND ACROSS DISCIPLINARY BOUNDARIES. WE CULTIVATE THE WILLINGNESS TO TAKE AND MANAGE RISK, THE ABILITY TO ENERGIZE OTHERS TOWARD A GOAL, AND THE COURAGE TO ACT RESPONSIBLY. OUR STUDENTS UNDERSTAND THAT LEADERSHIP REQUIRES BOTH TECHNICAL KNOWLEDGE AND A SOPHISTICATED APPRECIATION OF INSTITUTIONS, SOCIETIES, CULTURES, AND THE SELF. THEY WELCOME THE CHALLENGE OF LEARNING CONTINUOUSLY AND TAKING RESPONSIBILITY FOR THEIR CAREERS. OUR STUDENTS WILL BE KEY CONTRIBUTORS IN ESTABLISHED ENTERPRISES AS WELL AS EMERGING VENTURES. 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. 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 IT IS NOT 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 HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. GORDON PRICHETT RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HIS COMPENSATION WAS FOR HIS SERVICES AS AN ADJUNCT LECTURER. MARLA M. CAPOZZI RECEIVES NO COMPENSATION FOR HOLDING THE POSITION OF TRUSTEE. ALL HER COMPENSATION WAS FOR HER SERVICE AS AN ADJUNCT LECTURER. FORM 990, PART XI, LINE 9 CHANGES IN NET ASSETS: EQUITY TRANSFER FROM BABSON GLOBAL $1,500,002 ROUNDING ($4) ----------- TOTAL $1,499,998 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 262423 ACTUAL COST BABSON GLOBAL INC L 6046843 COST PLUS OVERH BABSON GLOBAL INC N INCL IN ABOVE BABSON GLOBAL INC S 3500002 ACTUAL COST