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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Babson College

Babson College

Fiscal year ending 2023. Filed on May 14, 2024.

231 Forest Street
Babson Park, Massachusetts 02457

Babson College (EIN: 04-2103544) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Babson College, a 501(c)(3) charitable organization, reported compensation for 10 out of 2,266 total employees. Among the employees shown here, the average compensation is $574,639. The highest compensated employee at Babson College is Stephen Spinelli with fiscal year 2023 compensation of $942,113.

Revenue, expenses, and employee compensation

Revenue

$344,014,371

Expenses

$305,464,086

Employee compensation

$138,954,324
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stephen Spinelli
President
$942,113
$831,897 No related comp$110,216
Edward Chiu
Senior Vice President of Advancement. SEE SCH O
$858,649
$767,077 No related comp$91,572
Katherine Craven
Chief Admin./Financial Officer
$565,871
$531,608 No related comp$34,263
Richard Bliss
Professor
$549,346
$503,840 No related comp$45,506
Kelly Lynch
Senior Vice President
$548,898
$512,455 No related comp$36,443
Jay Rao
Professor
$546,026
$483,510 No related comp$62,516
D R Widder
Vice President of Innovation
$492,412
$428,323 No related comp$64,089
Ben Chevrette
Vice President, Development
$451,230
$387,934 No related comp$63,296
Kenichi Matsuno
Vice President Academic Affairs and DEAN
$443,024
$408,772 No related comp$34,252
Michael Layish
Secretary and Clerk
$348,816
$276,646 No related comp$72,170

Benchmark Employee Compensation

Non-Employee Board Members

Amanda Strong
Trustee
Andrew J Butler
Trustee
Anthony Chiasson
Trustee
Brett A Gordon
Trustee
Bruce Herring
Trustee
Christine Angelakis
Trustee
Christopher Malone
Trustee
Craig M Donaldson
Trustee (Until 10/21/22)
Cyril Camus
Trustee
Davide Visco
Trustee
Deborah de Santis
Trustee
Eric Johnson
Vice Chair, Board of Trustees

Contractors

Wiley Edu LLC
Advertising
$2,913,698
Aspire Technology Partners
IT Consulting
$533,670
Huron Consulting Services LLC
Consulting
$504,083
Beacon Hill Staffing Group LLC
Staffing
$477,342
Hh Russell Consulting LLC
Consulting
$319,418

Mission Statement

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.

Revisions to this organization profile

May 12, 2025:
2024 Babson College 990 filed
May 14, 2024:
2023 Babson College 990 filed
May 12, 2023:
2022 Babson College 990 filed

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