Overview
What is Babson College?
Babson College is a renowned educational institution based in Babson Park, Massachusetts. With a workforce of around 2,032 employees, it enrolls approximately 2,350 undergraduate and nearly 1,000 graduate students from the US and over 80 countries. The college is dedicated to nurturing entrepreneurial leaders who create significant economic and social value worldwide. Babson College offers degrees in business and liberal arts, granting Bachelor of Science degrees through its undergraduate program and Master of Business Administration (MBA) degrees and custom Master of Science degrees through its F.W. Olin Graduate School of Business. Additionally, Babson provides executive education programs designed to help companies achieve their strategic objectives. The college's innovative curriculum encourages students to think creatively and challenges them to manage risk, inspire others, and act responsibly. Babson graduates are prepared to excel in both established enterprises and emerging ventures.
Official website here: www.babson.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Babson College has achieved a perfect score of 100%, indicating strong performance in accountability and finance. The organization boasts a majority independent board with excellent oversight, ensuring that governance practices are upheld effectively. Additionally, the institution has robust financial management practices, as evidenced by its high program expense ratio and minimal liabilities to assets.
The college has established comprehensive policies, including conflict of interest and whistleblower protections, further enhancing its accountability framework. The inclusion of detailed financial statements and board meeting minutes demonstrates transparency and a commitment to best practices. Such attributes contribute to Babson College's strong reputation as a reliable nonprofit organization.
The absence of any material diversions of assets reinforces Babson's integrity in handling funds. Overall, the college stands out for its dedication to ethical governance, fiscal responsibility, and operational transparency, making it a commendable choice for donors and stakeholders alike.
This AI summary has been generated from information found on Charity Navigator.
Is Babson College legitimate?
Babson College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Babson College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,384,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,136,246
For more financial information, click here
Official website here: www.babson.edu
What is the mission statement of Babson College?
Babson College is dedicated to nurturing entrepreneurial leaders who generate significant economic and social value. With approximately 2,350 undergraduate and nearly 1,000 graduate students, this prestigious institution challenges students to think creatively across disciplinary boundaries. Babson College fosters the willingness to take risks, the ability to inspire others towards common goals, and the courage to act responsibly. Its students are prepared to be key contributors in established enterprises as well as emerging ventures. The college offers degrees in business and liberal arts, granting Bachelor of Science degrees through its undergraduate program and Master of Business Administration and custom Master of Science degrees through the F.W. Olin Graduate School of Business at Babson College. Additionally, Babson offers executive education programs to help companies achieve their strategic objectives.
Official website here: www.babson.edu
Who is the CEO of Babson College?
Stephen Spinelli is the President of Babson College.
Official website here: www.babson.edu
What is the revenue of Babson College?
Babson College's revenue in 2022 was $397,619,450.
Official website here: www.babson.edu
Who are the executives of Babson College and what are their salaries?
The average compensation at Babson College during 2022 was $47,008. There are 2032 employees and 2146 volunteers at Babson College.
Here are 48 key members and their salaries:
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- Other: $49,316
- Compensation: $544,880
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- Other: $77,064
- Compensation: $305,081
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- Other: $54,381
Official website here: www.babson.edu
Where can I find the form 990 for Babson College?
Babson College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.babson.edu
Learn more at the official website: www.babson.edu
Mission Statement of Babson College
Babson College, a leading institution in management education, is dedicated to nurturing entrepreneurial leaders who create significant economic and social value worldwide. With approximately 2,350 undergraduate and nearly 1,000 graduate students hailing from the United States and over 80 countries, the college prides itself on its innovative curriculum that challenges students to think creatively and across disciplinary boundaries.
Babson College's mission is to educate entrepreneurs who can make a meaningful impact in various industries and communities. Its students are taught to take calculated risks, inspire others towards shared objectives, and possess the courage to act responsibly. The educational experience at Babson College extends beyond the technical knowledge required for business success; it also emphasizes an in-depth understanding of institutions, societies, cultures, and the self. These future leaders embrace the challenge of continuous learning and take responsibility for their professional development.
Babson College offers a range of educational programs, including undergraduate and graduate degrees in business and liberal arts. Graduates can earn a Bachelor of Science degree through the undergraduate program, while the F.W. Olin Graduate School of Business at Babson College grants Master of Business Administration degrees and custom Master of Science degrees. Additionally, Babson College provides executive education programs designed to help companies achieve their strategic goals. By combining theoretical knowledge with practical experience, Babson College empowers its students to make a lasting impact in the business world.
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Impact
October, 2024
Babson College educates entrepreneurial leaders who generate significant economic and social value globally. With a diverse enrollment of approximately 2,350 undergraduate and nearly 1,000 graduate students from over 80 countries, the college stands as a global leader in management education. Its innovative curricula encourage students to think creatively and traverse disciplinary boundaries, fostering a culture of risk-taking and responsibility.
At Babson, students develop not only technical knowledge but also a deep understanding of societal and cultural contexts, preparing them for impactful leadership roles. This holistic approach ensures that graduates are equipped to contribute meaningfully to established enterprises as well as new ventures. In addition to undergraduate programs offering Bachelor of Science degrees, Babson provides MBA and custom Master of Science degrees through the F.W. Olin Graduate School of Business, along with specialized executive education programs designed to help organizations achieve their strategic goals. The college’s focus on education underscores its commitment to cultivating responsible, innovative leaders who are ready to tackle the complexities of the modern business landscape.
This information is meant to be a general summary of Babson College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $84,990,124
- Program Service Revenue: $244,383,907
- Gross Receipts: $560,640,211
Assets and Liabilities:
- Total Assets: $1,081,136,455
- Total Liabilities: $262,968,455
- Net Assets: $818,168,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$197,725,787
ROOM & BOARD
Revenue
$35,256,179
ED/NON-ED PROGRAM REVENUE
Revenue
$11,401,941
Organization Details
Founding Year
1919
Phone
(781) 239-5298Principal Officer
Stephen Spinelli
Main Address
231 FOREST STREET, BABSON PARK, MA, 024570310
Website
www.babson.eduNTEE Category
Code: B420 - Education
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