2025-05-12T11:46:55-05:00 2024-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2023-07-01 271642647 BABSON GLOBAL INC BABS 7812395298 231 FOREST STREET BABSON PARK MA 024570310 DAVID ABDOW PRESIDENT AND CEO 7812395298 2025-05-05 1 1 CRAIG KLEIN P00734640 6178075000 2025-05-05 2023 2025-03-06 01:10:19Z DAVID ABDOW 231 FOREST STREET BABSON PARK MA 024570310 4826543 0 X BABSONGLOBAL.ORG X 2010 MA SEE SCHEDULE O 5 4 0 4 0 0 0 0 4091241 4127048 453719 699495 0 0 4544960 4826543 0 0 0 0 0 0 0 0 0 2983023 3274886 2983023 3274886 1561937 1551657 57292585 69625051 2961384 12438384 54331201 57186667 SEE SCHEDULE O 0 0 2313205 4127048 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. 2313205 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X ANTHONY FIERRO 7812395298 231 FOREST STREET BABSON PARK MA 024570310 ANDREW CORBETT DIRECTOR (UNTIL 12/31/23) 1.20 40.00 X 0 359582 78984 BRIGITTE MUEHLMANN DIRECTOR 1.20 40.00 X 0 280888 37400 RONALD G WEINER CHAIRPERSON 1.20 0.00 X X 0 0 0 JOSEPH WINN DIRECTOR 1.20 0.00 X 0 0 0 JAMES RULLO DIRECTOR 1.20 1.20 X 0 0 0 GAURAB BHARDWAJ DIRECTOR 1.20 0.00 X 0 0 0 DAVID ABDOW PRESIDENT, CEO & TREASURER 40.00 0.00 X 0 275131 86712 MATTHEW MCINTYRE CLERK 1.20 40.00 X 0 186090 67626 0 1101691 270722 0 0 1 0 BABSON COLLEGE 231 FOREST STREET BABSON PARK MA 02457 CONSULTING 1242880 1 SERVICE FEES 611710 4127048 4127048 4127048 699495 699495 4826543 4127048 0 699495 528790 528790 12189 12189 230647 230647 65064 60036 5028 811 811 185177 180248 4929 PAYMENTS UNDER MSA 2231077 1313484 917593 BANK FEES 21131 21131 3274886 2313205 961681 0 6291406 2376232 4168637 18039142 32345 43492 1312710 1043112 210894 210894 0 0 45487487 48123073 57292585 69625051 239392 435659 2360922 11666707 361070 336018 2961384 12438384 X 18148667 18873529 36182534 38313138 54331201 57186667 57292585 69625051 X 1551657 4303809 -3000000 X 0 1 X 0 0 X X X 1 BABSON COLLEGE 042103544 2 1 3000000 0 1 3000000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 45487487 4379867 1744281 48123073 47172807 -220539 1464781 45487487 46301190 2185190 1313573 47172807 32924482 14577860 1201152 46301190 28911709 3500000 1606586 1093813 32924482 1.00000 0.00000 0.00000 0 1 1 210894 210894 0 0 INVESTMENTS 48123073 F 48123073 DUE TO BABSON COLLEGE 336018 336018 X PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF WHICH REVENUES ARE RELATED OR UNRELATED TO BE ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SCHEDULE D, PART V, LINE 3A (II): THE ENDOWMENT FUNDS OF BABSON GLOBAL ARE INTENDED TO SUPPORT BABSON GLOBAL'S MISSION OF DELIVERING PROGRAMS THAT EXTEND ENTERPRENEURIAL THOUGHT AND ACTION TO NEW POPULATIONS THROUGHOUT THE WORLD. MIDDLE EAST AND NORTH AFRICA 0 5 PROGRAM SERVICE EDUCATIONAL ASSISTANCE 594450 0 5 0 0 0 5 594450 0 594450 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 ANDREW CORBETT DIRECTOR (UNTIL 12/31/23) 0 358509 0 0 0 1073 0 32740 0 46244 0 438566 0 0 DAVID ABDOW PRESIDENT, CEO & TREASURER 0 273206 0 0 0 1925 0 37696 0 49016 0 361843 0 0 BRIGITTE MUEHLMANN DIRECTOR 0 279222 0 0 0 1666 0 33071 0 4329 0 318288 0 0 MATTHEW MCINTYRE CLERK 0 175365 0 10000 0 725 0 23226 0 44400 0 253716 0 0 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. FORM 990, PART I, LINE 1 AND PART III LINE 1: DESCRIPTION OF ORGANIZATION MISSION BABSON GLOBAL, INC. (THE ORGANIZATION") WAS FORMED ON JANUARY 7, 2010 EXCLUSIVELY TO PERFORM INTERNATIONALLY AND TO CARRY OUT CERTAIN EDUCATIONAL PURPOSES OF, AND OTHERWISE ADVANCE AND SUPPORT THE EDUCATIONAL OBJECTIVES OF BABSON COLLEGE, A MASSACHUSETTS NON-PROFIT EDUCATIONAL CORPORATION ("BABSON") PARTICULARLY WITH THE OBJECTIVE OF DEMOCRATIZING GLOBAL ENTREPRENEURSHIP. FORM 990, PART VI, SECTION A, LINE 7A BABSON COLLEGE, A RELATED ORGANIZATION, IS A MEMBER AND CAN ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BABSON COLLEGE APPROVES GOVERNING BODY DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY CBIZ ADVISORS, LLC. THE FULL 990 RETURN IS THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL FORM 990 IS THEN MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. CBIZ ADVISORS, LLC SIGNS THE RETURN AS PAID PREPARER. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL DIRECTORS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND STATEMENT OF COMPLIANCE. THEIR RESPONSE TO THE QUESTIONNAIRE IS REVIEWED BY MANAGEMENT. IN ADDITION, PAYROLL AND VENDOR FILES ARE REVIEWED FOR THE EXISTENCE OF TRANSACTIONS WITH RELATED PARTIES. IF A CONFLICT OCCURS, THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM ANY MATTERS RELATING TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 13 AND 14: CERTAIN DIRECTORS AND OFFICERS OF BABSON GLOBAL ALSO SERVE AS OFFICERS AND DIRECTORS OF BABSON COLLEGE. IN THAT CAPACITY THEY ARE BOUND BY THE POLICIES OF BABSON COLLEGE. THESE POLICIES HAVE NOT BEEN APPROVED BY THE BOARD OR A COMMITTEE OF THE BOARD OF DIRECTORS OF BABSON GLOBAL, INC. FORM 990, PART VI, SECTION B, LINE 15 THE CEO AND OFFICERS OF BABSON GLOBAL, INC, ARE COMPENSATED BY BABSON COLLEGE. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION SURVEYS - COMPENSATION COMMITTEE - APPROVAL BY THE COMPENSATION COMMITTEE FORM 990, PART VI, SECTION C, LINE 19 BABSON GLOBAL DOES NOT MAKE AVAILABLE TO THE PUBLIC OUR CONFLICT OF INTEREST POLICY, OR OTHER GOVERNING DOCUMENTS. FINANCIAL STATEMENTS ARE AVAILABLE AS PART OF THE ORGANIZATION'S FILING WITH THE MA ATTORNEY GENERAL. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER TO BABSON COLLEGE -3,000,000. BABSON COLLEGE 231 FOREST STREET BABSON PARK MA 02457 042103544 EDUCATIONAL MA 501(C)(3) LINE 2 N/A 0 CHARITABLE REMAINDER UNITRUST (2) FUNDRAISING MA BABSON COLLEGE T 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0