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Nonprofiteer
← BABSON GLOBAL INC

Form 990 for tax year 2022

Filed by BABSON GLOBAL INC.

Totals

Total revenue
$4,544,960
Total expenses
$2,983,023
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,091,241
Investment income
$453,719
Other revenue
$0
Total assets, end of year
$57,292,585
Total liabilities, end of year
$2,961,384
Net assets or fund balances, end of year
$54,331,201
Program services expenses (Part IX)
$2,117,443
Management and general expenses
$865,580
Fundraising expenses
$0
Program service expenses (Part III)
$2,117,443

Program services were 71.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SERVICE FEES

    total $4,091,241 · related or exempt $4,091,241

  • 3 · Investment income

    total $453,719 · excluded $453,719

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $507,965 · program services $507,965

  • 11c · Fees: accounting

    total $10,375 · management and general $10,375

  • 12 · Advertising and promotion

    total $198,782 · program services $198,782

  • 13 · Office expenses

    total $69,202 · program services $67,374 · management and general $1,828

  • 16 · Occupancy

    total $8,512 · management and general $8,512

  • 17 · Travel

    total $134,399 · program services $132,877 · management and general $1,522

  • 24a · Other expenses: PAYMENTS UNDER MSA

    total $2,035,687 · program services $1,210,445 · management and general $825,242

  • 24b · Other expenses: BANK FEES

    total $18,101 · management and general $18,101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,403,841 · end of year $6,291,406

  • 2 · Savings and temporary cash investments

    beginning of year $4,190,250 · end of year $4,168,637

  • 4 · Accounts receivable

    beginning of year $0 · end of year $32,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,631,583 · end of year $1,312,710

  • 10a · Land, buildings and equipment: cost or other basis

    $210,894

  • 10b · Land, buildings and equipment: accumulated depreciation

    $210,894

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $47,172,807 · end of year $45,487,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,039 · end of year $239,392

  • 19 · Deferred revenue

    beginning of year $3,410,531 · end of year $2,360,922

  • 25 · Other liabilities

    beginning of year $268,624 · end of year $361,070

  • 27 · Net assets without donor restrictions

    beginning of year $15,913,041 · end of year $18,148,667

  • 28 · Net assets with donor restrictions

    beginning of year $37,491,246 · end of year $36,182,534

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • BABSON GLOBAL WAS CREATED TO MANAGE BABSON'S GLOBAL PROJECTS AND ACTIVITIES THAT FALL OUTSIDE OF THE TRADITIONAL OFFERINGS IN UNDERGRADUATE, GRADUATE, AND EXECUTIVE EDUCATION. BASED ON THEREPUTATION, SKILLS, KNOWLEDGE, AND EXPERIENCE OF THE COLLEGE, BABSON GLOBAL DELIVERS PROGRAMS THAT EXTEND ENTREPRENEURIAL THOUGHT AND ACTION TO NEW POPULATIONS.

    Expenses $2,117,443 · Revenue $4,091,241

As filed on the 2022 return.

Listed in Part VII

  • Andrew Corbett

    DIRECTOR

    Total calculated
    $416,710
    From this org
    $0
    From related orgs
    $348,232
    Other
    $68,478
    Hours/week
    1.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,210 related
    Bonus
    $0
    Other
    $0 + $1,022 related
    Deferred
    $0 + $26,750 related
    Nontaxable benefits
    $0 + $41,728 related
    Filer's total
    $0 + $416,710 related

  • Brigitte Muehlmann

    DIRECTOR

    Total calculated
    $273,461
    From this org
    $0
    From related orgs
    $244,094
    Other
    $29,367
    Hours/week
    1.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,610 related
    Bonus
    $0
    Other
    $0 + $1,484 related
    Deferred
    $0 + $25,465 related
    Nontaxable benefits
    $0 + $3,902 related
    Filer's total
    $0 + $273,461 related

  • Ronald G Weiner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1.2

  • Joseph Winn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2

  • James Rullo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2 + 1.2 related

  • David Abdow

    PRESIDENT, CEO & TREASURER

    Total calculated
    $375,271
    From this org
    $0
    From related orgs
    $298,755
    Other
    $76,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $296,842 related
    Bonus
    $0
    Other
    $0 + $1,913 related
    Deferred
    $0 + $31,944 related
    Nontaxable benefits
    $0 + $44,572 related
    Filer's total
    $0 + $375,271 related

  • Matthew McIntyre

    CLERK

    Total calculated
    $259,942
    From this org
    $0
    From related orgs
    $201,372
    Other
    $58,570
    Hours/week
    1.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,206 related
    Bonus
    $0 + $5,493 related
    Other
    $0 + $673 related
    Deferred
    $0 + $18,662 related
    Nontaxable benefits
    $0 + $39,908 related
    Filer's total
    $0 + $259,942 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION SURVEYS - COMPENSATION COMMITTEE - APPROVAL BY THE COMPENSATION COMMITTEE
SCHEDULE J, PART I, LINE 7:
NON-FIXED PAYMENTS WERE DETERMINED BY AND PAID BY A RELATED ORGANIZATION. THE ABOVE DESCRIBED METHODS WERE FOLLOWED WHEN DETERMINING THE AMOUNTS PAID.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUST (2)

    T · FUNDRAISING · MA

    Directly controlled by BABSON COLLEGE

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401359349310555

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