Babson College
Babson College reported $359.6 million in revenue and $334.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.62 went to program services, $9.63 to management and general costs and $3.75 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.1% of the total. The highest compensation it reported for one person was $1,164,223 (PRESIDENT). 459 people received more than $100,000 in reportable compensation. Revenue rose 22% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $335MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $360MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.26 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 76.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,164,223 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.35% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 459 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseBabson College enrolls approximately 2,800 undergraduate and nearly 1,100 graduate students from the united states and more than 80 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 50.00 hrs/week | $1,052,300 | $0 | $111,923 | $1,164,223 |
| EXECUTIVE VICE PRESIDENT Key employee, 40.00 hrs/week | $1,007,482 | $0 | $85,543 | $1,093,025 |
| PROFESSOR Highest compensated employee, 40.00 hrs/week | $504,472 | $0 | $77,952 | $582,424 |
| EXECUTIVE VICE PRESIDENT, CAO/CFO Officer, 40.00 hrs/week | $520,293 | $0 | $61,306 | $581,599 |
| VICE PRESIDENT, DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $490,708 | $0 | $71,886 | $562,594 |
| EXECUTIVE VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $491,639 | $0 | $40,649 | $532,288 |
| PROFESSOR Highest compensated employee, 40.00 hrs/week | $433,260 | $0 | $71,981 | $505,241 |
| PROFESSOR Highest compensated employee, 40.00 hrs/week | $442,708 | $0 | $40,388 | $483,096 |
459 people received more than $100,000 in reportable compensation from Babson College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,642
- Volunteers Part I, line 61,929
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| C4G LLC DBA CLOUD FOR GOOD LLC It consulting | $2,593,677 |
| BEACON HILL SOLUTIONS GROUP LLC Staffing | $609,499 |
| CSL CONSULTING LLC Project management | $592,749 |
| ACADEMY EXPRESS LLC Transportation | $490,608 |
| PMA CONSULTANTS LLC Project management | $453,699 |
Individuals listed as contractors are left out. 23 contractors were paid more than $100,000 in all.
Private foundation grants it received
69 private foundations reported grants to Babson College totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Babson College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Babson College, you can publish a response that is linked from this page.
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Of every $100 Babson College spent in FY2025, $86.62 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Suffolk UniversityBoston, MA · revenue $359M · programs 85.0% · FY2025
- The Trustees of Grinnell CollegeGrinnell, IA · revenue $362M · programs 90.2% · FY2025
- Loma Linda University Shared ServicesSan Bernardino, CA · revenue $358M · programs 50.8% · FY2025
- Oberlin CollegeOberlin, OH · revenue $363M · programs 93.3% · FY2025
- The President and Trustees of Colby CollegeWaterville, ME · revenue $354M · programs 80.3% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Babson College's spending goes to programs?
In the fiscal year ending June 30, 2025, Babson College reported that 86.6% of its $334.7 million in expenses went to program services, 9.6% to management and general and 3.7% to fundraising (Form 990, Part IX).
How much does Babson College pay its top executive?
The largest total compensation Babson College reported for one person in the fiscal year ending June 30, 2025 was $1,164,223, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Babson College get its money?
Of $359.6 million in revenue in the fiscal year ending June 30, 2025, 13.2% came from contributions and grants (including 0.3% from government grants) and 76.1% from program service revenue (Form 990, Part VIII).
Is Babson College a registered charity?
The IRS lists EIN 04-2103544 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631349349301873 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511329349303471 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349309786 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349306830 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241239349300024 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349301556 · read the filing
All filings for EIN 04-2103544: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.