BABSON COLLEGE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- BABSON COLLEGE (EIN 04-2103544)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-04
- IRS object ID
- 201541249349300544
- Schema version
- 2013v4.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-04T10:40:17-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 134008324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 HIGH STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103544 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BABS | BusinessNameControlTxt |
| Phone | 7812395298 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST ST | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 024570310 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHERINE CRAVEN | PersonNm |
| Person Title | CHIEF ADMINISTRATIVE OFFICER | PersonTitleTxt |
| Phone | 7812395698 | PhoneNum |
| Signature | 2015-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 7812395298 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KERRY HEALEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $326,780,121 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BABSON.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1919 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | BABSON COLLEGE IS A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2000 UNDERGRADUATE AND 1200 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 38 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 2247 | TotalEmployeeCnt |
| Total Volunteers | 2501 | TotalVolunteersCnt |
| Total Gross UBI | $894,678 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $111,208 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,275,700 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,810,199 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $188,299,609 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $196,225,857 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,284,641 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,429,009 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,515,153 | PYOtherRevenueAmt |
| CY Other Revenue | $2,632,752 | CYOtherRevenueAmt |
| PY Total Revenue | $210,375,103 | PYTotalRevenueAmt |
| CY Total Revenue | $229,097,817 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $32,996,104 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $36,030,117 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $95,661,791 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $102,354,314 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,174,955 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $70,147,921 | PYOtherExpensesAmt |
| CY Other Expenses | $75,466,065 | CYOtherExpensesAmt |
| PY Total Expenses | $198,805,816 | PYTotalExpensesAmt |
| CY Total Expenses | $213,850,496 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,569,287 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $15,247,321 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $497,548,639 | TotalAssetsBOYAmt |
| Total Assets EOY | $576,615,266 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $151,965,895 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $185,067,181 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $345,582,744 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $391,548,085 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $184,413,668 | ExpenseAmt |
| Grant | $36,030,117 | GrantAmt |
| Revenue | $196,217,881 | RevenueAmt |
| Desc | BABSON COLLEGE ENROLLS APPROXIMATELY 2,100 UNDERGRADUATE AND 1,200 GRADUATE STUDENTS FROM THE UNITED STATES AND MORE THAN 72 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 | $184,413,668 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 400 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2247 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 38 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD BOWMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7812395298 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NICHOLS BUILDINGBABSON COLLEGE | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 024570301 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (60 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL J ANGELAKIS | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| THE HONOR CRAIG BENSON | ||||||||||
| VICE CHAIR,BOARD OF TRUSTE | 1.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| ETTORE V BIAGIONI | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| MARLA M CAPOZZI | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $4,000 | $0 | $0 | 1.20 | ||||
| PAUL W CHISHOLM | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| THEODORE A CLARK | ||||||||||
| TREASURER | 1.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| ANN-MARIE SWEENEY COPLAND | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| TIMOTHY A DEMELLO | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DEBORAH DESANTIS | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| GARY T DICAMILLO | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $6,779 | $0 | $0 | |||||
| CRAIG M DONALDSON | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| FRANK M FISCHER | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| MARCO A GARGUREVICH | ||||||||||
| TRUSTEE (UNTIL 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| THOMAS F GILBANE JR | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| LEONARD GREEN | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| MUHAMMAD H HABIB | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DR KERRY HEALEY | ||||||||||
| TRUSTEE/PRESIDENT (STARTING 7/1/13) | 40.00 | Yes (X) | $413,109 | $0 | $52,889 | Yes (X) | 20.00 | |||
| BRUCE T HERRING | ||||||||||
| VICE CHAIR,BOARD OF TRUSTE | 1.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| ERIC G JOHNSON | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| FRED SC KIANG | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| CARLETON F KILMER | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| CARMELLA KLETJIAN | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DAVID F LAMERE | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| LOUIS J LAVIGNE JR | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | 1.20 | ||||
| MICHAEL S LORBER | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DAVID LUCCHINO | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| WARREN KKLUKE | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| ANDRONICO LUKSIC | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| CARLOS MATTOS | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DR RICHARD K MILLER | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| GORDON PRICHETT | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $16,250 | $0 | $0 | |||||
| RICHARD A RENWICK | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| KENNETH G ROMANZI | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| THOMAS T STALLKAMP | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | 1.20 | ||||
| AMANDA STRONG | ||||||||||
| TRUSTEE (STARTING 10/13) | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| MARTHA D VORLICEK | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| ROBERT E WEISSMAN | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| JOSEPH WINN | ||||||||||
| TRUSTEE/CHAIR,BOARD OF TRUSTEES | 1.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | 1.20 | |||
| GARY ZWERLING | ||||||||||
| TRUSTEE | 1.20 | Yes (X) | $0 | $0 | $0 | |||||
| DENNIS HANNO | ||||||||||
| PROVOST | 40.00 | $374,560 | $0 | $56,896 | Yes (X) | |||||
| RANCH KIMBALL | ||||||||||
| COO(STARTING 7/22/13) | 40.00 | $184,301 | $0 | $3,869 | Yes (X) | |||||
| KATHERINE CRAVEN | ||||||||||
| CAO(STARTING 2/14) | 40.00 | $0 | $0 | $0 | Yes (X) | |||||
| MARY ROSE | ||||||||||
| V.P. FOR CAMPUS & COMMUNITY AFFAIRS | 40.00 | $212,710 | $0 | $46,265 | Yes (X) | |||||
| DIANA ZAIS | ||||||||||
| V.P. FOR DEVELOPMENT | 40.00 | $199,441 | $0 | $50,407 | Yes (X) | |||||
| CAROL HACKER | ||||||||||
| V.P.OF ALUMNI&FRIENDS NETW | 40.00 | $184,949 | $0 | $34,510 | Yes (X) | |||||
| PHILIP SHAPIRO | ||||||||||
| V.P. FOR FINANCE (UNTIL 2/14) | 40.00 | $309,663 | $0 | $57,322 | Yes (X) | |||||
| DONNA BONAPARTE | ||||||||||
| V.P. FOR HR | 40.00 | $217,352 | $0 | $32,640 | Yes (X) | |||||
| GRANT GOSSELIN | ||||||||||
| V.P. FOR ENROLLMENT/DEAN OF ADMISSION | 40.00 | $173,222 | $0 | $46,857 | Yes (X) | |||||
| JONATHAN MOLL | ||||||||||
| V.P. AND GENERAL COUNSEL | 40.00 | $245,531 | $0 | $54,630 | Yes (X) | 20.00 | ||||
| SAMUEL DUNN | ||||||||||
| V.P. FOR FACILITIES MGT/CIO | 40.00 | $387,848 | $0 | $36,844 | Yes (X) | |||||
| TRACEE PETRILLO | ||||||||||
| CLERK (UNTIL 10/13) | 40.00 | $141,701 | $0 | $23,250 | Yes (X) | 20.00 | ||||
| JANE EDMONDS | ||||||||||
| VP FOR GOV/CLERK (STARTING 10/13) | 40.00 | $46,974 | $0 | $299 | Yes (X) | 20.00 | ||||
| ELAINE EISENMAN | ||||||||||
| DEAN OF BABSON EXE. EDU. | 40.00 | $349,041 | $0 | $43,866 | Yes (X) | |||||
| JAY A RAO | ||||||||||
| FACULTY | 40.00 | $487,107 | $0 | $47,685 | Yes (X) | |||||
| PAUL MULLIGAN | ||||||||||
| FACULTY | 40.00 | $353,979 | $0 | $37,046 | Yes (X) | |||||
| PATRICIA GUINAN | ||||||||||
| FACULTY | 40.00 | $372,681 | $0 | $39,867 | Yes (X) | |||||
| MICHAEL FETTERS | ||||||||||
| FACULTY | 40.00 | $326,351 | $0 | $23,011 | Yes (X) | |||||
| JEAN PIERRE JEANNET | ||||||||||
| FACULTY | 40.00 | $318,627 | $0 | $13,545 | Yes (X) | |||||
| SHAHID ANSARI | ||||||||||
| FORMER PROVOST | 0.00 | $333,659 | $0 | $28,635 | 40.00 | Yes (X) | ||||
| DR LEONARD A SCHLESINGER | ||||||||||
| FORMER PRESIDENT | 40.00 | $419,545 | $0 | $64,642 | 20.00 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,079,380 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $794,975 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 240 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONNELLY PARTNERS LLC | |||||
| 46 WALTHAM STREET | BOSTON | MA | 02118 | ADVERTISING | $2,723,999 |
| SASAKI ASSOCIATES INC | |||||
| 64 PLEASANT STRRET | WATERTOWN | MA | 02472 | CONSULTING/DESIGN | $1,173,738 |
| CANON BUSINESS SOLUTIONS INC | |||||
| 15004 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | PRINTING | $776,794 |
| ROYALL & COMPANY | |||||
| 1920 EAST PARHAM ROAD | RICHMOND | VA | 232282206 | STUDENT RECRUITING | $750,380 |
| BIGELOW & FLEMING LLC | |||||
| 14 NORFOLK AVENUE | SOUTH EASTON | MA | 02375 | CONSTRUCTION | $665,718 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 92 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $63,300 | FundraisingAmt |
| Government Grants | $681,451 | GovernmentGrantsAmt |
| All Other Contributions | $20,065,448 | AllOtherContributionsAmt |
| Noncash Contributions | $2,078,890 | NoncashContributionsAmt |
| Total Contributions | $20,810,199 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | 900099 | $148,037,608 | $148,037,608 | |
| ROOM & BOARD | 900099 | $23,973,265 | $23,973,265 | |
| ED/NON-ED PROG. REV. | 900099 | $23,831,416 | $23,831,416 | |
| OTHER ED PROG/AUX.ACT. | 721000 | $383,568 | $383,568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $196,225,857 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,224,668 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $274,547 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,950,121 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,613,801 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,613,801 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,613,801 | TotalRevenueColumnAmt |
| Exclusion | $2,613,801 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $104,857,336 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $97,652,995 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,204,341 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,204,341 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $236,563 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,967,778 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $41,650 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $63,300 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $14,723 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,927 | TotalRevenueColumnAmt |
| Exclusion | $26,927 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $6,610 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $14,586 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,976 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$7,976 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $229,097,817 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $195,834,313 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $894,678 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,558,627 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,978 | TotalAmt |
| Program Services | $331,978 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,698,139 | TotalAmt |
| Program Services | $35,698,139 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,378,710 | TotalAmt |
| Program Services | $1,003,404 | ProgramServicesAmt |
| Management And General | $3,751,204 | ManagementAndGeneralAmt |
| Fundraising | $624,102 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $915,223 | TotalAmt |
| Program Services | $801,503 | ProgramServicesAmt |
| Management And General | $113,720 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,416,856 | TotalAmt |
| Program Services | $65,670,656 | ProgramServicesAmt |
| Management And General | $7,701,264 | ManagementAndGeneralAmt |
| Fundraising | $2,044,936 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,629,986 | TotalAmt |
| Program Services | $4,902,417 | ProgramServicesAmt |
| Management And General | $574,911 | ManagementAndGeneralAmt |
| Fundraising | $152,658 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,889,137 | TotalAmt |
| Program Services | $8,610,655 | ProgramServicesAmt |
| Management And General | $1,010,353 | ManagementAndGeneralAmt |
| Fundraising | $268,129 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,124,402 | TotalAmt |
| Program Services | $4,462,170 | ProgramServicesAmt |
| Management And General | $523,283 | ManagementAndGeneralAmt |
| Fundraising | $138,949 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $445,782 | TotalAmt |
| Management And General | $445,782 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,051 | TotalAmt |
| Management And General | $318,051 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,046,102 | TotalAmt |
| Program Services | $4,379,292 | ProgramServicesAmt |
| Management And General | $631,917 | ManagementAndGeneralAmt |
| Fundraising | $34,893 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,175,064 | TotalAmt |
| Program Services | $4,721,553 | ProgramServicesAmt |
| Management And General | $1,260,639 | ManagementAndGeneralAmt |
| Fundraising | $192,872 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,841,147 | TotalAmt |
| Program Services | $8,200,935 | ProgramServicesAmt |
| Management And General | $583,065 | ManagementAndGeneralAmt |
| Fundraising | $57,147 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,768,216 | TotalAmt |
| Program Services | $5,665,728 | ProgramServicesAmt |
| Management And General | $78,242 | ManagementAndGeneralAmt |
| Fundraising | $24,246 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,504,166 | TotalAmt |
| Program Services | $4,843,199 | ProgramServicesAmt |
| Management And General | $1,490,052 | ManagementAndGeneralAmt |
| Fundraising | $170,915 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,090,829 | TotalAmt |
| Program Services | $1,998,525 | ProgramServicesAmt |
| Management And General | $76,527 | ManagementAndGeneralAmt |
| Fundraising | $15,777 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,708,506 | TotalAmt |
| Program Services | $4,708,506 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,993,655 | TotalAmt |
| Program Services | $9,836,923 | ProgramServicesAmt |
| Management And General | $114,633 | ManagementAndGeneralAmt |
| Fundraising | $42,099 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD & BEVERAGE SERVICE | $8,013,845 | $8,013,810 | $35 | |
| OTHER EXPENSES | $7,247,632 | $2,535,435 | $4,709,382 | $2,815 |
| PROFESSIONAL CONSULTING | $5,396,968 | $4,164,570 | $826,981 | $405,417 |
| ROOM, CONF. & ADMIN. | $3,034,193 | $3,034,193 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,881,909 | TotalAmt |
| Program Services | $830,077 | ProgramServicesAmt |
| Management And General | $1,051,832 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $213,850,496 | TotalAmt |
| Program Services | $184,413,668 | ProgramServicesAmt |
| Management And General | $25,261,873 | ManagementAndGeneralAmt |
| Fundraising | $4,174,955 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,017,531 | BOYAmt |
| EOY | $35,254,049 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,535,030 | BOYAmt |
| EOY | $29,538,449 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,261,134 | BOYAmt |
| EOY | $7,208,119 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,680,528 | BOYAmt |
| EOY | $4,358,677 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,519,602 | BOYAmt |
| EOY | $4,998,129 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $348,017,563 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $210,789,777 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,374,507 | BOYAmt |
| EOY | $137,227,786 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,655,051 | BOYAmt |
| EOY | $240,981,843 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,864,917 | BOYAmt |
| EOY | $89,032,792 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,640,339 | BOYAmt |
| EOY | $28,015,422 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $497,548,639 | BOYAmt |
| EOY | $576,615,266 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,278,152 | BOYAmt |
| EOY | $20,080,864 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,825,227 | BOYAmt |
| EOY | $11,812,730 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,051,227 | BOYAmt |
| EOY | $99,405,761 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,198,663 | BOYAmt |
| EOY | $36,395,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,612,626 | BOYAmt |
| EOY | $17,372,826 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,965,895 | BOYAmt |
| EOY | $185,067,181 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,344,420 | BOYAmt |
| EOY | $163,609,705 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,901,919 | BOYAmt |
| EOY | $116,416,261 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,336,405 | BOYAmt |
| EOY | $111,522,119 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $345,582,744 | BOYAmt |
| EOY | $391,548,085 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $497,548,639 | BOYAmt |
| EOY | $576,615,266 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $15,247,321 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $30,719,557 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,537 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,711,950 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,762,424 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,033,031 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,275,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,810,199 | CurrentTaxYearAmt |
| Total | $86,593,304 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,711,950 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,762,424 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,033,031 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,275,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,810,199 | CurrentTaxYearAmt |
| Total | $86,593,304 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,490,037 | SubstantialContributorsTotAmt |
| Public Support Total170 | $73,103,267 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,153,483 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,301,836 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,798,963 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,347,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,838,469 | CurrentTaxYearAmt |
| Total | $22,439,837 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $58,349 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $111,208 | CurrentTaxYearAmt |
| Total | $169,557 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $60,538 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $62,305 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,750 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $66,345 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,260 | CurrentTaxYearAmt |
| Total | $288,198 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $109,490,896 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $894,084,027 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.66770 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | LINE 10 INCLUDES INCOME FROM FUNDRAISING AND GAMING ACTIVITIES. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $1 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $275,519,968 | BeginningYearBalanceAmt |
| Contributions | $26,558,248 | ContributionsAmt |
| Investment Earnings Or Losses | $39,608,164 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,223,083 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$7,448,662 | OtherExpendituresAmt |
| End Year Balance | $332,014,635 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $239,482,137 | BeginningYearBalanceAmt |
| Contributions | $11,995,372 | ContributionsAmt |
| Investment Earnings Or Losses | $33,419,630 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,173,736 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$7,213,435 | OtherExpendituresAmt |
| End Year Balance | $275,519,968 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $243,252,672 | BeginningYearBalanceAmt |
| Contributions | $8,301,653 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,366,163 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$2,152,163 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$7,543,862 | OtherExpendituresAmt |
| End Year Balance | $239,492,137 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $197,005,749 | BeginningYearBalanceAmt |
| Contributions | $18,192,624 | ContributionsAmt |
| Investment Earnings Or Losses | $37,390,554 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$1,953,530 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$7,382,725 | OtherExpendituresAmt |
| End Year Balance | $243,252,672 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $171,024,282 | BeginningYearBalanceAmt |
| Contributions | $13,840,252 | ContributionsAmt |
| Investment Earnings Or Losses | $20,723,572 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$1,907,729 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$6,674,628 | OtherExpendituresAmt |
| End Year Balance | $197,005,749 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.44000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.30000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $489,673 | OtherCostOrOtherBasisAmt |
| Book Value | $489,673 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $260,159,308 | OtherCostOrOtherBasisAmt |
| Depreciation | $159,346,346 | DepreciationAmt |
| Book Value | $100,812,962 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,678,543 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,208,831 | DepreciationAmt |
| Book Value | $5,469,712 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $48,690,039 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,234,600 | DepreciationAmt |
| Book Value | $30,455,439 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $137,227,786 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $89,032,792 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $89,032,792 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| GOVERNMENT ADVANCES FOR STUDENT LOAN | $3,154,360 |
| MARKET VALUE OF INTEREST RATE SWAP CONTRACTS | $14,218,466 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,372,826 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $231,409,539 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $30,316,164 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$28,004,442 | OtherRevenueAmt |
| Revenue Not Reported | $2,311,722 | RevenueNotReportedAmt |
| Revenue Subtotal | $229,097,817 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $229,097,817 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $184,028,521 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $184,028,521 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $29,821,975 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $29,821,975 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $213,850,496 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS, WHICH ARE PESERVED 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. |
| 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | STUDENT AID -$35,698,139 CHANGE IN VALUE OF SWAP AGREEMENTS & ANNUITY $403,392. BABSON GLOBAL ADJUSTMENT $7,290,305 |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID $35,698,139 BABSON GLOBAL ELIMINATION -$5,876,164 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | BABSON COLLEGE PROHIBITS DISCRIMINATING ON THE BASIS OF RACE, COLOR, NATIONAL, OR ETHNIC ORIGIN, RELIGION, SEX, LIFESTYLE, SEXUAL ORIENTATION PREFERENCE, AGE, HANDICAP, OR VETERAN STATUS.THIS POLICY IS PUBLISHED IN FACULTY & STAFF HANDBOOK. |
| SCHEDULE E, PART I, LINE 6 | BABSON COLLEGE RECEIVES FEDERAL AID TO ENHANCE SCHOLARSHIP AND WORK STUDY PROGRAMS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (18 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 12 | PROGRAM SERVICESFUNDRAISING/ALUMNI RELATIONS | EXECUTIVE EDUCATION | $399,364 |
| EUROPE | 0 | 36 | PROGRAM SERVICESPROGRAM SERVICES | EXECUTIVE EDUCATION | $771,499 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 5 | PROGRAM SERVICES | EXECUTIVE EDUCATION | $115,200 |
| SOUTH AMERICA | 0 | 2 | PROGRAM SERVICES | EXECUTIVE EDUCATION | $92,087 |
| NORTH AMERICA | 0 | 1 | PROGRAM SERVICES | EXECUTIVE EDUCATION | $33,901 |
| EUROPE | 0 | 0 | DEVELOPMENT/FUNDRAISING | $7,446 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | $628 | |
| EUROPE | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | $299 | |
| NORTH AMERICA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | $1,050 | |
| SOUTH AMERICA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | $5,496 | |
| SOUTH ASIA | 0 | 0 | ALUMNI RELATIONS/FUNDRAISING | $616 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAM | $712,051 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | $1,803,386 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | $74,351 |
| RUSSIA AND THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | $84,936 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAMS | $162,736 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | STUDENT STUDY ABROAD PROGRAM | $55,652 |
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENT | $35,519,371 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 56 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 56 | TotalEmployeeCnt |
| Subtotal Spent | $1,420,424 | SubtotalSpentAmt |
| Continuation Spent | $38,419,645 | ContinuationSpentAmt |
| Total Spent | $39,840,069 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | ALL THE NUMBERS ARE BASED ON THE AMOUNTS ASSOCIATED WITH THE ACTIVITY ON THE ORGANIZATION'S TRIAL BALANCE. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | PRESIDENT'S CUP | NameOfEvent1Amt |
| Gross Receipts Event1 | $104,950 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $63,300 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $41,650 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $0 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $249 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $0 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $380 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $14,094 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $104,950 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $63,300 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $41,650 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $249 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $380 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $14,094 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $14,723 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $26,927 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $6,610 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $2,200 | CashPrizesOtherGamingAmt |
| Non Cash Prizes Other Gaming | $11,989 | NonCashPrizesOtherGamingAmt |
| Rent Fclty Costs Other Gaming | $0 | RentFcltyCostsOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $397 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $6,610 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $2,200 | CashPrizesTotalGamingAmt |
| Non Cash Prizes Total Gaming | $11,989 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $397 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $14,586 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | -$7,976 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | MA | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | 0 | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 0.50000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.50000 | GamingOtherFacilityPct |
| Individual With Books | RICHARD BOWMAN | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
Gaming Manager Business Name GamingManagerBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON GLOBAL INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 271642647 | RecipientEIN |
| Cash Grant | $331,978 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | TO SUPPORT THE COLLEGE'S MISSION INTERNATIONALLY. | PurposeOfGrantTxt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INSTITUTIONAL GRANTS/SCHOLARSHIP | GrantTypeTxt |
| Recipient | 1285 | RecipientCnt |
| Cash Grant | $35,698,139 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PROCEDURES FOR NEED-BASED AWARDS INCLUDE REVIEW AND RESOLUTION OF ALL FEDERAL-PROCESSOR-IDENTIFIED ELIGIBILITY CONFLICTS, AND 100% VERFICATION 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (1) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR KERRY HEALEY | ||||||||||||||
| TRUSTEE/PRESIDENT (STARTING 7/1/13) | $404,545 | $0 | $0 | $0 | $8,564 | $0 | $24,000 | $0 | $28,889 | $0 | $465,998 | $0 | $0 | $0 |
| DENNIS HANNO | ||||||||||||||
| PROVOST | $311,710 | $0 | $14,429 | $0 | $48,421 | $0 | $28,326 | $0 | $28,570 | $0 | $431,456 | $0 | $0 | $0 |
| RANCH KIMBALL | ||||||||||||||
| COO(STARTING 7/22/13) | $145,644 | $0 | $20,000 | $0 | $18,657 | $0 | $3,650 | $0 | $219 | $0 | $188,170 | $0 | $0 | $0 |
| MARY ROSE | ||||||||||||||
| V.P. FOR CAMPUS & COMMUNITY AFFAIRS | $194,320 | $0 | $0 | $0 | $18,390 | $0 | $24,343 | $0 | $21,922 | $0 | $258,975 | $0 | $0 | $0 |
| DIANA ZAIS | ||||||||||||||
| V.P. FOR DEVELOPMENT | $198,618 | $0 | $0 | $0 | $823 | $0 | $22,817 | $0 | $27,590 | $0 | $249,848 | $0 | $0 | $0 |
| CAROL HACKER | ||||||||||||||
| V.P.OF ALUMNI&FRIENDS NETW | $184,231 | $0 | $0 | $0 | $718 | $0 | $20,308 | $0 | $14,202 | $0 | $219,459 | $0 | $0 | $0 |
| PHILIP SHAPIRO | ||||||||||||||
| V.P. FOR FINANCE (UNTIL 2/14) | $290,045 | $0 | $0 | $0 | $19,618 | $0 | $28,326 | $0 | $28,996 | $0 | $366,985 | $0 | $0 | $0 |
| DONNA BONAPARTE | ||||||||||||||
| V.P. FOR HR | $216,475 | $0 | $0 | $0 | $877 | $0 | $24,071 | $0 | $8,569 | $0 | $249,992 | $0 | $0 | $0 |
| GRANT GOSSELIN | ||||||||||||||
| V.P. FOR ENROLLMENT/DEAN OF ADMISSIO | $173,078 | $0 | $0 | $0 | $144 | $0 | $19,704 | $0 | $27,153 | $0 | $220,079 | $0 | $0 | $0 |
| JONATHAN MOLL | ||||||||||||||
| V.P. AND GENERAL COUNSEL | $244,478 | $0 | $0 | $0 | $1,053 | $0 | $28,176 | $0 | $26,454 | $0 | $300,161 | $0 | $0 | $0 |
| SAMUEL DUNN | ||||||||||||||
| V.P. FOR FACILITIES MGT/CIO | $345,448 | $0 | $24,856 | $0 | $17,544 | $0 | $28,326 | $0 | $8,518 | $0 | $424,692 | $0 | $0 | $0 |
| TRACEE PETRILLO | ||||||||||||||
| CLERK (UNTIL 10/13) | $141,588 | $0 | $0 | $0 | $113 | $0 | $15,010 | $0 | $8,240 | $0 | $164,951 | $0 | $0 | $0 |
| ELAINE EISENMAN | ||||||||||||||
| DEAN OF BABSON EXE. EDU. | $345,685 | $0 | $0 | $0 | $3,356 | $0 | $28,326 | $0 | $15,540 | $0 | $392,907 | $0 | $0 | $0 |
| JAY A RAO | ||||||||||||||
| FACULTY | $484,906 | $0 | $2,000 | $0 | $201 | $0 | $17,064 | $0 | $30,621 | $0 | $534,792 | $0 | $0 | $0 |
| PAUL MULLIGAN | ||||||||||||||
| FACULTY | $353,118 | $0 | $0 | $0 | $861 | $0 | $15,660 | $0 | $21,386 | $0 | $391,025 | $0 | $0 | $0 |
| PATRICIA GUINAN | ||||||||||||||
| FACULTY | $372,148 | $0 | $0 | $0 | $533 | $0 | $16,058 | $0 | $23,809 | $0 | $412,548 | $0 | $0 | $0 |
| MICHAEL FETTERS | ||||||||||||||
| FACULTY | $324,074 | $0 | $0 | $0 | $2,277 | $0 | $22,261 | $0 | $750 | $0 | $349,362 | $0 | $0 | $0 |
| JEAN PIERRE JEANNET | ||||||||||||||
| FACULTY | $318,343 | $0 | $0 | $0 | $284 | $0 | $7,326 | $0 | $6,219 | $0 | $332,172 | $0 | $0 | $0 |
| SHAHID ANSARI | ||||||||||||||
| FORMER PROVOST | $312,500 | $0 | $0 | $0 | $21,159 | $0 | $28,326 | $0 | $309 | $0 | $362,294 | $0 | $0 | $0 |
| DR LEONARD A SCHLESINGER | ||||||||||||||
| FORMER PRESIDENT | $239,481 | $0 | $0 | $0 | $180,064 | $0 | $27,726 | $0 | $36,916 | $0 | $484,187 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST-CLASS TRAVEL: COLLEGE POLICIES ALLOW BOTH THE FORMER PRESIDENT (WHILE PRESIDENT) AND THE CURRENT PRESIDENT TO TRAVEL FIRST-CLASS UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. TRAVEL FOR COMPANIONS: ON OCCASION, WHILE HE HELD THE POSITION OF PRESIDENT, THE FORMER PRESIDENT'S SPOUSE TRAVELED WITH THE FORMER PRESIDENT TO CERTAIN BABSON COLLEGE FUNDRAISING AND NETWORKING EVENTS TO ASSIST IN THESE ACTIVITIES WHICH FURTHER THE MISSION OF THE COLLEGE. HOUSING ALLOWANCE: THE CURRENT PRESIDENT AND THE FORMER PRESIDENT (WHILE PRESIDENT) 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 TO BOTH THE FORMER AND THE CURRENT PRESIDENTS. THE CURRENT PROVOST RECEIVES HOUSING AS A TAXABLE BENEFIT. THE FAIR MARKET VALUE OF HOUSING PROVIDED IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN CONNECTION WITH CERTAIN TAXABLE REIMBURSEMENTS, THE FORMER PRESIDENT (WHILE PRESIDENT) RECEIVED CERTAIN TAX GROSS UP PAYMENTS. SUCH GROSS UP PAYMENTS ARE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF HIS EMPLOYMENT CONTRACT. HEALTH OR SOCIAL CLUB: BOTH THE FORMER AND THE CURRENT PRESIDENTS RECEIVE AN ANNUAL MEMBERSHIP TO A LOCAL COUNTRY CLUB FOR BUSINESS USE RELATED TO THE COLLEGE. WHILE SERVING AS PRESIDENT FOR THE PERIOD 1/1/13-6/30/13, THE FORMER PRESIDENT WAS PROVIDED USE OF A CLUB MEMBERSHIP FOR BUSINESS PURPOSES. THE CURRENT PRESIDENT RECEIVED A CLUB MEMBERSHIP FOR BUSINESS PURPOSES BEGINNING 7/1/13. |
| 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. |
| PART I, LINE 4B | EFFECTIVE JULY 1, 2012 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS FORMER PRESIDENT. UNDER THE TERMS OF THE PLAN, THE FORMER PRESIDENT RECEIVED A CREDIT TO HIS ACCOUNT OF NO LESS THAN $50,000 FOR EACH PLAN YEAR HE HOLDS THE TITLE OF THE FORMER 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. FOR THE CURRENT PLAN YEAR AN AMOUNT OF $50,000 AND AN ACCOMPANYING TAX GROSS UP WERE INCLUDED IN TAXABLE WAGES AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE FINAL CREDIT MADE UNDER THE PLAN WAS MADE ON JUNE 30, 2013. EFFECTIVE JULY 1, 2013 THE COLLEGE ENTERED INTO A NON-QUALIFIED SECTION 457(F) ARRANGEMENT WITH ITS CURRENT PRESIDENT. UNDER THE TERMS OF THE PLAN, THE CURRENT 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. NO AMOUNTS WERE AWARDED UNDER THE PLAN IN CALENDAR YEAR 2013. |
| PART I, LINE 5 | ONE KEY EMPLOYEE HAS A INCENTIVE PLAN BASED ON THE PERFORMANCE OF CERTAIN PROGRAMS AT THE COLLEGE. |
| PART I, LINE 7 | FROM TIME TO TIME OFFICERS AND KEY EMPLOYEES MAY RECEIVE NON-FIXED PAYMENT BONUS. ALL BONUSES ARE APPROVED BY THE PRESIDENT AND REVIEWED BY HUMAN RESOURCES. |
| PART I, LINE 8 | DR. KERRY HEALEY IS UNDER HER INITIAL CONTRACT WITH BABSON COLLEGE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MA DEVELOPMENT FINANCE AGENCY (2005A) | ||||||||
| A | 043431814 | 57583RCV5 | 2005-08-31 | $22,996,717 | NEW BUILDING,MISC. PROJECT, REFINANCE DEBT. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2007A) | ||||||||
| B | 043431814 | 57583RSC0 | 2007-10-04 | $21,336,830 | REFINANCE DEBT (1997A) FOR THE CONSTRUCTION OF SORENSON & THE CHAPEL. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2008A) | ||||||||
| C | 043431814 | 57583RUW3 | 2008-04-17 | $36,475,000 | REFINANCE DEBT (2002A) FOR THE NEW ASTROTURF ATHLETIC FIELD AND ETC. | 0 | 0 | 0 |
| MA DEVELOPMENT FINANCE AGENCY (2011A) | ||||||||
| D | 043431814 | 57583UGH5 | 2011-07-07 | $14,518,050 | REFINANCE DEBT (1998A) BLANK CENTER. | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $7,779,343 | $22,996,717 | $333,890 | $337,000 | $15,230,149 | $7,095,678 | 2006 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $4,403,156 | $21,336,830 | $315,976 | $242,000 | $20,778,854 | 2007 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| C | $4,125,000 | $36,475,000 | $250,504 | $29,208 | $36,195,288 | 2008 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| D | $2,835,000 | $14,518,050 | $243,275 | $14,274,775 | 2011 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00110 | 0.00110 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
| GOLDMAN SACHS | ||||||||||||
| C | 0 | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | 25.000000000000 | 0 | 0 |
| (no name) | ||||||||||||
| D | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART IV,LINE 2C, THE REBATE COMPUTATION DATES: | FormAndLineReferenceDesc |
| Explanation | MA DEVELOPMENT FINANCE AGENCY (2005A): AUGUST, 2013 MA DEVELOPMENT FINANCE AGENCY (2007A): OCTOBER, 2013 MA DEVELOPMENT FINANCE AGENCY (2008A): APRIL, 2014 MA DEVELOPMENT FINANCE AGENCY (2011A): JULY, 2013 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MA DEVELOPMENT FINANCE AGENCY (2013) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2013-07-17 | BondIssuedDt |
| Issue Price | $35,000,000 | IssuePriceAmt |
| Purpose | NEW BUILDING,MISC. PROJECT. | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $599,030 | RetiredAmt |
| Total Proceeds | $35,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $118,081 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $7,950,536 | CapitalExpendituresAmt |
| Unspent | $26,931,383 | UnspentAmt |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| COMCAST | |||
| VICE PRESIDENT IS ALSO A BABSON TRUSTEE | $172,000 | CABLE FEES PAID | 0 |
| JANICE BELL | |||
| SPOUSE OF THE FORMER PROVOST | $312,543 | FACULTY WAGES PAID | 0 |
| BANK OF NEW YORK-MELLON | |||
| VICE CHAIRMAN & CEO IS ALSO BABSON TRUSTEE | $146,000 | INVESTMENT FEES PAID | 0 |
| PHYLLIS SCHLESINGER | |||
| SPOUSE OF THE FORMER PRESIDENT | $40,960 | FACULTY WAGES PAID | 0 |
| FIDELITY | |||
| CHIEF INVESTMENT OFFICER IS ALSO BABSON TRUSTEE | $0 | 403(B) RETIREMENT PLAN AND BABSON PAID NO FEES. | 0 |
| CAROLINE WINN | |||
| DAUGHTER OF THE CURRENT OFFICER (JOSEPH WINN) | $46,409 | COMPENSATION | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 39 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,078,890 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. OF HI&LOW-DATE TRAD | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | BABSON UTILIZES THE SERVICES OF A BROKER TO SELL DONATED SECURITIES. COLUMN (B): BABSON USED THE NUMBER OF CONTRIBUTIONS RECEIVED FOR COLUMN (B). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | PURSUANT TO THE ORGANIZATION'S BYLAW, 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 TRUSTEE, 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: | YE GLOBAL'S ASSET -1,537. |
| 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 FINANCIAL STATEMENTS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON GLOBAL INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 FOREST STREET | AddressLine1 |
| City | BABSON PARK | City |
| State | MA | State |
| ZIP Code | 02457 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271642647 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 509 (A)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 11A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BABSON COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUST (2) | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE LINCOLN STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BABSON GLOBAL INC | ||
| B | $331,978 | ACTUAL COST |
| BABSON GLOBAL INC | ||
| L | $4,372,989 | COST PLUS OVERHEAD RATE |
| BABSON GLOBAL INC | ||
| N | $0 | INCLUDED IN OVERHEAD ABOVE |
Comments