Babson College
85% goes to programs $24 to raise $100 Strong reserves Growing revenue
Babson College is a 501(c)(3) organization based in Wellesley, Massachusetts, registered in 1923, with $358,779,440 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
231 Forest Street Room 161 Nic, Wellesley, MA, 02481 EIN 04-2103544 Since 1923
Revenue (FY2023)
$358.8M
▲ 4.3% vs prior year
Education median: $200K
Expenses (FY2023)
$324.3M
Net assets
$942.4M
Employees
2,318
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating85% to programs · $24 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Babson College: 85% to programs · $24 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Babson College: 35 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Babson College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Babson College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Babson college educates entrepreneurial leaders who create great economic and social value everywhere. babson college is a global leader in management education with approximately 2,800 undergraduate and nearly 1,200 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.
Contact & location
- Address
- 231 Forest Street Room 161 Nic, Wellesley, MA, 02481
- City
- Wellesley
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $229.1M (FY2013) to $358.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $255.4MNet assets $942.4M
Operating margin
9.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$255.4M
Net assets
$942.4M
Salaries & benefits
$154.2M
48% of expenses
Board members
29
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $358,779,440▲4.3% | $324,301,654▲6.2% | $942,443,634▲8.7% | $1,197,853,331▲7.3% | 990 |
| 2022 | $344,014,371▼13.5% | $305,464,086▲8.7% | $866,751,398▲5.9% | $1,116,080,345▲3.2% | 990 |
| 2021 | $397,619,450▲30.8% | $280,964,776▲11.1% | $818,168,000▲0.8% | $1,081,136,455▼0.3% | 990 |
| 2020 | $304,101,925▲3.4% | $252,934,350▼2.4% | $812,040,905▲34.6% | $1,084,295,364▲25.6% | 990 |
| 2019 | $294,185,810▲4.8% | $259,126,797▼2.5% | $603,339,493▲8.2% | $863,238,815▲5.6% | 990 |
| 2018 | $280,741,520▼2.0% | $265,842,275▲5.7% | $557,624,127▲9.0% | $817,307,765▲4.8% | 990 |
| 2017 | $286,482,823▲14.1% | $251,450,725▲3.1% | $511,527,113▲14.1% | $779,723,786▲14.9% | 990 |
| 2016 | $251,081,595▲7.8% | $243,794,630▲5.8% | $448,290,646▲11.9% | $678,881,773▲7.1% | 990 |
| 2015 | $232,808,076▲0.1% | $230,502,707▲4.5% | $400,496,497▼2.8% | $633,954,756▲5.6% | 990 |
| 2014 | $232,535,952▲1.5% | $220,607,866▲3.2% | $412,040,869▲5.2% | $600,473,682▲4.1% | 990 |
| 2013 | $229,097,817 | $213,850,496▲7.6% | $391,548,085▲13.3% | $576,615,266▲15.9% | 990 |
| 2012 | — | $198,805,816▲3.7% | $345,582,744▲13.9% | $497,548,639▲7.5% | 990 |
| 2011 | — | $191,675,806▲1.8% | $303,280,159▲1.5% | $463,027,872▲0.8% | 990 |
| 2010 | — | $188,340,286▲7.3% | $298,710,677▲19.4% | $459,292,167▲10.7% | 990 |
| 2009 | — | $175,602,874 | $250,081,200 | $414,791,267 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Edward Chiu — $903,647 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward Chiu | Sr. Vp of Advancement | 40 | $903,647 |
| Stephen Spinelli | President | 50 | $780,591 |
| Richard Bliss | Professor | 40 | $508,398 |
| Jay Rao | Professor | 40 | $483,409 |
| Katherine Craven | Chief Admin./financial Officer | 40 | $479,277 |
| Ben Chevrette | Vice President, Development | 40 | $470,206 |
| D R Widder | Vp of Innovation | 40 | $449,627 |
| Phillip Kim | Professor | 40 | $433,196 |
| Kenichi Matsuno | Vp Academic Affairs & Dean | 40 | $414,772 |
| Michael Layish | Secretary & Clerk | 40 | $314,797 |
| Amanda Strong | Trustee | 1.2 | — |
| Andrew J Butler | Trustee | 1.2 | — |
| Anthony Chiasson | Trustee | 1.2 | — |
| Audrey Mcloughlin | Trustee | 1.2 | — |
| Brett A Gordon | Trustee | 1.2 | — |
| Bruce Herring | Trustee | 1.2 | — |
| Christine Angelakis | Trustee (until 10/16/23) | 1.2 | — |
| Christopher Malone | Trustee | 1.2 | — |
| Corey N O'neill | Trustee | 1.2 | — |
| Cyril C Camus | Trustee | 1.2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ernst & Young Us LLP | Consulting | $1,271,352 |
| C4g LLC DBA Cloud For Good LLC | It Consulting | $1,098,478 |
| Beacon Hill Staffing Group LLC | Staffing | $805,629 |
| Renvisioning Technology LLC | Technology | $484,995 |
| Markley Boston LLC | Network Services | $386,378 |
Grants received · $36.3M total
185 grants to Babson College totaling $36.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $512,500 |
| Fidelity Non-profit Management Foundation | Program pilot | 2024 | $395,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $330,000 |
| American Endowment Foundation | Educational | 2024 | $305,250 |
| American Online Giving Foundation Inc | General support | 2024 | $101,251 |
| American Gift Fund | Operations | 2024 | $50,000 |
| Nia Tero Foundation | Indigenous film support | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $20,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $17,500 |
| New Hampshire Charitable Foundation | Scholarship funds | 2024 | $13,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $7,900 |
| The Blackbaud Giving Fund | General support | 2024 | $5,470 |
| National Philanthropic Tr | Education | 2023 | $4,242,134 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $3,626,331 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $539,500 |
Grants made · $280K in FY2015
1 grant totaling $280K in FY2015. All grants made by Babson College →
| Recipient | Purpose | Amount |
|---|---|---|
| Babson Global Inc | Support college | $280,000 |
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Frequently asked questions
- Is Babson College a legitimate nonprofit?
- Yes. Babson College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103544, based in Wellesley, Massachusetts. Donations are tax-deductible.
- What is Babson College's EIN?
- Babson College's Employer Identification Number (EIN) is 04-2103544.
- How much revenue does Babson College report?
- Babson College reported $358,779,440 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Babson College's spending goes to programs?
- Babson College spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Babson College have?
- CharityIndex grades Babson College A, based on program efficiency and fundraising cost.
- How much does Babson College's highest-paid employee make?
- The highest reported compensation on Babson College's latest Form 990 is $903,647, paid to Edward Chiu (Sr. Vp of Advancement).
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Data for Babson College (EIN 04-2103544) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.