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BABSON COLLEGE

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Public IRS 990 nonprofit record

BABSON COLLEGE

EIN 04-2103544 · Education (B420)

What they do

BABSON COLLEGE EDUCATES ENTREPRENEURIAL LEADERS WHO CREATE GREAT ECONOMIC and SOCIAL VALUE EVERYWHERE. BABSON COLLEGE is A GLOBAL LEADER IN MANAGEMENT EDUCATION WITH APPROXIMATELY 2,800 UNDERGRADUATE and NEARLY 1,100 GRADUATE ENROLLMENT. OUR INNOVATIVE CURRICULA CHALLENGE STUDENTS to THINK CREATIVELY and ACROSS DISCIPLINARY BOUNDARIES. WE CULTIVATE THE WILLINGNESS to TAKE and MANAGE RISK, THE ABILITY to ENERGIZE OTHERS TOWARD A GOAL, and THE COURAGE to ACT RESPONSIBLY. OUR STUDENTS UNDERSTAND THAT LEADERSHIP REQUIRES BOTH TECHNICAL KNOWLEDGE and A SOPHISTICATED APPRECIATION of INSTITUTIONS, SOCIETIES, CULTURES, and THE SELF. THEY WELCOME THE CHALLENGE of LEARNING CONTINUOUSLY and TAKING RESPONSIBILITY for THEIR CAREERS. OUR STUDENTS WILL BE KEY CONTRIBUTORS IN ESTABLISHED ENTERPRISES AS WELL AS EMERGING VENTURES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $86.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.63%of revenue went to mission work86.6% of expenses · Program services
3.49%of revenue went to fundraising3.7% of expenses
$93.08spent for every $100 of revenueRevenue covered expenses this year.
8.97%of revenue went to management and office costs9.6% of expenses
$3.77in assets for every $1 spent this yearSome assets cannot be spent right away.
13.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,164,223 for STEPHEN SPINELLI (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$359,613,997
Mission workProgram services$289,940,41080.63% of revenue86.6% of expenses
ManagementOffice and general costs$32,254,9408.97% of revenue9.6% of expenses
FundraisingAsking for donations$12,543,6363.49% of revenue3.7% of expenses
Revenue left after expensesReported annual surplus$24,875,0116.92% of revenueShown in gray on the chart
Total expenses$334,738,98693.08% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 86.6% mission · 9.6% management · 3.7% fundraisingTotal expenses: 93.08% of revenue
2023Expense mix: 85.3% mission · 10.7% management · 4.0% fundraisingTotal expenses: 90.39% of revenue
2022Expense mix: 86.0% mission · 10.3% management · 3.7% fundraisingTotal expenses: 88.79% of revenue
2021Expense mix: 86.8% mission · 8.8% management · 4.4% fundraisingTotal expenses: 70.66% of revenue
2020Expense mix: 84.1% mission · 10.1% management · 5.9% fundraisingTotal expenses: 83.17% of revenue
2019Expense mix: 85.0% mission · 9.6% management · 5.5% fundraisingTotal expenses: 88.08% of revenue
2018Expense mix: 85.4% mission · 10.5% management · 4.1% fundraisingTotal expenses: 94.69% of revenue
2017Expense mix: 86.4% mission · 10.4% management · 3.3% fundraisingTotal expenses: 87.77% of revenue

Money in and money out

Revenue$359,613,997
Expenses$334,738,986
Annual surplus $24,875,011 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$289,940,410 · 86.6% of expenses
Management and office costs$32,254,940 · 9.6% of expenses
Fundraising$12,543,636 · 3.7% of expenses
See all reported dollar amounts
Revenue$359,613,997
Expenses$334,738,986
Assets$1,261,222,358
Income$537,785,766
Contributions$47,570,704
Mission work (program services)$289,940,410
Fundraising$12,543,636
Management and general$32,254,940
Stocks and bonds$187,676,471
Accounting fees$273,012
Investing fees$1,879,861
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEPHEN SPINELLIPRESIDENT · 50 hrs/week $1,164,223Base $1,052,300 · Other $111,923
EDWARD CHIUEXECUTIVE VICE PRESIDENT · 40 hrs/week $1,093,025Base $1,007,482 · Other $85,543
JAY RAOPROFESSOR · 40 hrs/week $582,424Base $504,472 · Other $77,952
KATHERINE CRAVENEXECUTIVE VICE PRESIDENT, CAO/CFO · 40 hrs/week $581,599Base $520,293 · Other $61,306
BEN CHEVRETTEVICE PRESIDENT, DEVELOPMENT · 40 hrs/week $562,594Base $490,708 · Other $71,886
KELLY LYNCHEXECUTIVE VICE PRESIDENT · 40 hrs/week $532,288Base $491,639 · Other $40,649
ANDREW CORBETTPROFESSOR · 40 hrs/week $505,241Base $433,260 · Other $71,981
RICHARD BLISSPROFESSOR · 40 hrs/week $483,096Base $442,708 · Other $40,388
MICHAEL LAYISHSECRETARY & CLERK · 40 hrs/week $419,741Base $334,330 · Other $85,411
KENICHI MATSUNOPROFESSOR/FMR VP ACAD AFFAIRS & DEAN · 40 hrs/week $391,492Base $352,764 · Other $38,728
ARIEL ARMONYPROVOST (AS OF 11/18/24) · 40 hrs/week $143,453Base $138,597 · Other $4,856

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

STEPHEN SPINELLIPRESIDENT

EDWARD CHIUEXECUTIVE VICE PRESIDENT

JAY RAOPROFESSOR

KATHERINE CRAVENEXECUTIVE VICE PRESIDENT, CAO/CFO

BEN CHEVRETTEVICE PRESIDENT, DEVELOPMENT

KELLY LYNCHEXECUTIVE VICE PRESIDENT

ANDREW CORBETTPROFESSOR

RICHARD BLISSPROFESSOR

MICHAEL LAYISHSECRETARY & CLERK

KENICHI MATSUNOPROFESSOR/FMR VP ACAD AFFAIRS & DEAN

ARIEL ARMONYPROVOST (AS OF 11/18/24)

PHILIP H BOULTONTRUSTEE

ANTHONY R CHIASSONTRUSTEE

ANDREW J BUTLERTRUSTEE

KENNETH G ROMAZNITRUSTEE

MARTHA BUCKLEYTRUSTEE

MICHAEL S LORBERTRUSTEE

JOHN E JOHNSONTRUSTEE

RAMON A MENDIOLATRUSTEE

RICHELIEU W DENNIS JRTRUSTEE

RYAN KRATZTRUSTEE (AS OF 10/10/24)

RYUSUKE HONJOTRUSTEE

SOMIA FARID SILBERTRUSTEE

AMANDA G STRONGTRUSTEE

WARREN CROSS JRTRUSTEE

ERIC G JOHNSONVICE CHAIR, BOARD OF TRUSTEES

BRUCE T HERRINGTRUSTEE

CHRISTOPHER P MALONETRUSTEE

COREY N ONEILLTRUSTEE

CRAIG R BENSONVICE CHAIR, BOARD OF TRUSTEES

CYRIL C CAMUSTRUSTEE

DAVIDE D VISCOTRUSTEE

DEBORAH L DE SANTISVICE CHAIR, BOARD OF TRUSTEES

AUDREY MCLOGHLINTRUSTEE

KANARATH P BALARAJTRUSTEE (AS OF 10/10/24)

ETTORE V BIAGIONITRUSTEE

FRED SC KIANGTRUSTEE

HARSHA V AGADITRUSTEE

JAMES A RULLOTRUSTEE

JEFFERY S PERRYCHAIR, BOARD OF TRUSTEES

JEFFREY J MCLANETREASURER

BRETT A GORDONTRUSTEE

About this charity

Recognized since
January 1923
Location
231 FOREST STREET ROOM 161 NIC, WELLESLEY, MA 02481-6834
County
Norfolk
In care of
% GAIL WILSON
Primary officer
KATHERINE CRAVEN, EVP, CAO/CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CBIZ ADVISORS LLC
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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