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Babson College

 231 Forest Street
 Babson Park, MA 02457
[P] (781) 2351200
[F] (781) 2395694
Wendy Silverman
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 Printable Profile (Summary / Full)
EIN 04-2103544

LAST UPDATED: 05/29/2018
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No


Mission StatementMORE »

Babson College educates entrepreneurial leaders who create great economic and social value—everywhere.

Babson wants to be the preeminent institution in the world for Entrepreneurial Thought and Action®—and known for it. We want to expand the notion of entrepreneurship to embrace and celebrate entrepreneurs of all kinds. We want to put the power of entrepreneurship as a force for economic and social value creation in as many hands in the world as we can.

Babson’s core values are: Integrity, Diversity, Innovation, Collaboration, and Excellence.


Mission Statement

Babson College educates entrepreneurial leaders who create great economic and social value—everywhere.

Babson wants to be the preeminent institution in the world for Entrepreneurial Thought and Action®—and known for it. We want to expand the notion of entrepreneurship to embrace and celebrate entrepreneurs of all kinds. We want to put the power of entrepreneurship as a force for economic and social value creation in as many hands in the world as we can.

Babson’s core values are: Integrity, Diversity, Innovation, Collaboration, and Excellence.


FinancialsMORE »

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $169,175,000.00
Projected Expense $187,277,000.00

ProgramsMORE »

  • Babson College
  • Babson Executive Education
  • Babson-Rwanda Entrepreneurship Educator's Network (BREEN)
  • Center for Women's Entrepreneurial Leadership (CWEL)

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

Babson College educates entrepreneurial leaders who create great economic and social value—everywhere.

Babson wants to be the preeminent institution in the world for Entrepreneurial Thought and Action®—and known for it. We want to expand the notion of entrepreneurship to embrace and celebrate entrepreneurs of all kinds. We want to put the power of entrepreneurship as a force for economic and social value creation in as many hands in the world as we can.

Babson’s core values are: Integrity, Diversity, Innovation, Collaboration, and Excellence.


Background Statement

Babson College, an independent school of management in Wellesley, Massachusetts, is internationally recognized for its focus on entrepreneurial leadership in a changing global environment. Founded in 1919 by financier and entrepreneur Roger W. Babson, the school grants B.S., M.B.A., and custom M.S. degrees, and offers executive development programs to experienced managers worldwide. Its undergraduate and graduate programs are accredited by AACSB - The International Association for Management Education, and the New England Association of Schools and Colleges. Babson College is dedicated to international leadership in entrepreneurial management education through continuous innovation in learning and the creation and dissemination of knowledge. Through its programs and practices, the College educates innovative leaders capable of anticipating, initiating, and managing change. In a climate of entrepreneurial spirit, creative and analytical thinking, global perspectives, and social responsibility, Babson educates men and women of different cultures, origins, and life stages to create new value and achieve a positive impact on society.

Babson is ranked number one in entrepreneurship education for both its undergraduate and graduate schools by U.S. News & World Report, Forbes and Entrepreneur magazine.

Impact Statement

2012 Accomplishments:
* For the Class of 2016, Babson received a record 5,511 undergraduate applications and admitted less than 30 percent of these students, placing Babson among the country’s most competitive colleges.
 * Babson’s undergraduate program was ranked #11 among colleges and universities in the Bloomberg Businessweek/PayScale survey 2012 Return On Investment Rankings. Babson found itself in great company as the only business college among the top 11 schools; the others were either major universities or engineering schools.
* Babson launched its significantly revamped  undergraduate and graduate curricula to ensure Babson students receive a combination of deep functional business knowledge and our Entrepreneurial Thought and Action® methodology.  
  * In 2012 a Babson team traveled to Rwanda to teach entrepreneurship, along the way discovering a nation, though haunted by heartbreak and tragedy, that is hopeful about the future.
2013 Goals and Accomplishments:
*Babson inaugurated its 13th and first female president, Dr. Kerry Healey.
*She brings a number of new goals for the college, including meeting 100% of students' financial needs; launching international scholarships; and continuing to drive Babson's leadership in the entrepreneurship arena.
*Babson commenced construction of a new living/learning residence hall.
*For the class of 2017, Babson received more that 6,000 undergraduate applications.
*Babson was ranked #1 for Return on Investment by PayScale.
*Babson's first 100% web-based program, Entrepreneurship 101 Online, was taught.

Needs Statement

 * To increase funds to support student financial aid.
 * To increase experiential programs to enhance student learning in Entrepreneurial Thought and Action®.
 * Physical improvements to the campus to meet the needs of a living/learning community.
 * To define and recruit the next generation of faculty and staff.
 * To expand our international programs to bring entrepreneurship education to more developing countries of the world.

CEO Statement

Babson College is the recognized leader worldwide for entrepreneurship education and is strongly positioned to continue building on our incredible legacy. The College continues to be the standard bearer for entrepreneurial thought leadership, curriculum development, and teaching methodology. These lessons are utilized every day in organizations of all types and sizes to deliver positive outcomes in the marketplace.

Babson’s commitment to living and learning entrepreneurially has again earned the #1 ranking in entrepreneurship education from U.S. News & World Report for both the undergraduate school (17 consecutive years) and graduate school (20 consecutive years). Entrepreneurship is the world’s greatest force for economic development and positive social change and I’m proud to lead Babson College as we work to change lives for the better – everywhere.

We differentiate our programs from traditional business schools – which are often aggregators of functional specialties and /or general management – by offering something unique. At Babson, we’ve created a living and learning environment where students are immersed a method known as Entrepreneurial Thought and Action® (ET&A) that applies to – and permeates – all of our curricular and co-curricular offerings. It’s a methodology and a mindset that encourages taking action, assessing and re-assessing data, overcoming failure, and collaborating and engaging with people and partners to reach your goal, though it is often quite different than the one you originally set out to pursue.

We connect teaching, research, and practice to social innovation and are always exploring and promoting new and effective ways to enhance economic freedom and improve society through entrepreneurial action. Our goal is to ensure that every Babson student understands and appreciates the benefits inherent in pursuing the triple bottom line – people, profits and planet – and it’s a commitment shared by our industry and education partners around the world.

Quality teaching combined with an innovative, integrated curriculum is the foundation of Babson’s academic program. Our faculty share their experience and expertise, and students are expected to contribute their ideas and energy to every academic and research activity. With a solid liberal arts foundation and cross-disciplinary approach to functional business knowledge and entrepreneurship education, Babson College is committed to producing well-rounded leaders who can think creatively, articulate clearly, compete honorably, and lead with confidence.

Board Chair Statement

I am proud to be Chairman of the Board of Trustees at Babson College during this exciting time of growth and change. As an alumnus of the College’s graduate school in 1974, I have been involved with Babson governance for many years and have enjoyed playing a meaningful role in defining the goals and setting the direction of the College. The Babson community embraces change and the past decade has been a time of significant improvement in the College’s programs defined by its mission to educate entrepreneurial leaders who create great economic and social value-everywhere. Babson often receives recognition for extending its capabilities around the world and I highly value my relatively small role in facilitating the outsized impact our small school has in so many parts of the globe. Of course, being a lifelong Boston area resident, I also appreciate the college's contributions to our community right here at home also.
I attribute much of my success in leadership roles within several companies in the communications and media industry to Babson’s “brand” of education where I learned to embrace change and to apply theory to real business situations. I also enjoy my role as a business faculty member at a local university and find sharing my experiences and I have found passing on what I know to a new generation of business leaders is very rewarding.
I am an advocate of the education Babson provides its students in both undergraduate and graduate schools. For this reason and because I fully endorse the College’s model of Entrepreneurial Thought and Action as the only way to educate entrepreneurial leaders, I decided to take on my current role as Board Chair.

I recently announced to the Babson community that the Board of Trustees voted unanimously to endorse Accelerating Our Success…the Babson College Centennial Commitments. This document provides a bold, ambitious, yet achievable strategic blueprint for the College over the next fifteen years—with a strong vision of Babson’s competitive position as the elite business college and the only one of its kind. It is a very exciting time for Babson College!

Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.

Babson College is located in Wellesley, MA. Students from the U.S. and more than 69 foreign countries attend the college. Business executives from around the globe attend Babson Executive Education programs.  Babson operates numerous programs throughout the world, including in Ghana, Rwanda, So. Africa, Latin America, and China.

Organization Categories

  1. Education - Higher Education
  2. Public & Societal Benefit - Leadership Development
  3. Education - Graduate & Professional Schools

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)



Babson College

Babson is a living/learning laboratory that delivers a rigorous learning experience both in and out of the classroom. Our academic excellence is based on a curriculum, pedagogy, and co-curricular experiences that are captured in the following concepts:

*Entrepreneurial Thought and Action—the mindset and method that gives our graduates the ability to face an uncertain world by learning from entrepreneurs. Like the best entrepreneurs, our graduates reflect on who they are, the context in which they are situated, and act from values that recognize the need for consideration of social, economic, environmental responsibility, and sustainability.

*Entrepreneurship of All Kinds—regardless of career choice (starting new businesses, leading social ventures, working as finance professionals, or leading public sector organizations), Babson equips its graduates with the mindset and method that enables them to capitalize on opportunities to create value for their organizations and for the world.

Budget  $144,784,725.00
Category  Education, General/Other Postsecondary Education
Population Served College Aged (18-26 years) Adults
Program Short-Term Success 
Each year Babson graduates more than 500 undergraduate and 500 graduate students. Of the undergraduate survey respondents, 96% are employed or in graduate school within six months. For the MBA graduating class, 88% are employed within three months. Undergraduate student retention is 92% from year one to two; and graduation rate is 89%. A parent survey conducted in 2012 revealed that 97% of parents of recent graduates said they were satisfied or very satisfied with their child's education.
Program Long-Term Success  By infusing the spirit of innovation into our academic programs, Babson educates leaders capable of anticipating, initiating, and managing change. Moreover, the College continues to be recognized for its curricular reform. Babson's groundbreaking undergraduate curriculum has garnered a leadership award from The Pew Charitable Trusts for taking bold steps to reshape undergraduate programs. Babson has been ranked #1 for entrepreneurship education for 18 years by U.S. News and World Report.
Program Success Monitored By 
Success of Babson's educational programs is measured by student success both while attending classes and following graduation. Retention rates are monitored; employment surveys are conducted for graduates; satisfaction rates for students and parents are collected.
Examples of Program Success 
Babson's alumni testimonials reflect the success of our programs:
* "I am leveraging the skills and knowledge I obtained at Babson to make things better for others. I was able to follow my passion, and thanks to my Babson experience, I am an educator, entrepreneur, and change maker." Undergraduate alumna, class of 2012.
* "With film as my passion, some thought business school was an odd choice, but it made sense to me. I wanted to learn how to invent, market, manage, and profit from a business. Film is an art, but it is also an industry not unlike any other." Undergraduate alumnus, class of 2008.
* "Babson offered me the ability to learn from top-class faculty, and gain real-world experience. I can honestly say, the applied learning at Babson was integral to my success." MBA alumnus, class of 2011.

Babson Executive Education

Babson Executive Education is one of the world’s top executive education providers, as recognized by our clients as well as Financial Times and Bloomberg Businessweek. We are a dynamic learning laboratory, where clients, faculty, staff, and partners work together to address real-world business challenges and create and capitalize on opportunities for our clients. With roots in Entrepreneurial Thought and Action®, we develop the leaders that companies need most: those who can create opportunities, envision and navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to grow organizations and create economic and social value.


Programs are delivered in a range of formats including short workshops, weeklong classes, online programs, or comprehensive modular offerings. Babson’s approach to blended-learning combines dynamic online course content with face-to-face sessions.

Budget  $1,000,000.00
Category  Education, General/Other Adult Education
Population Served Adults
Program Short-Term Success    
Program Long-Term Success    
Program Success Monitored By     
Examples of Program Success     

Babson-Rwanda Entrepreneurship Educator's Network (BREEN)

Entrepreneurship gives people a sense of ownership of ideas and belief that they can positively impact their community. It is the best way to create jobs in developing countries, and  new jobs are the best way to benefit individuals, local economies, and greater national economic health. Babson founded the Babson-Rwanda Entrepreneurship Center to support entrepreneurship throughout Rwanda. We propose to launch the Babson-Rwanda Entrepreneurship Educator’s Network (BREEN) to strengthen the infrastructure for teaching entrepreneurship in the country’s secondary schools as is mandated by the government. Over two years, we will teach more than 500 entrepreneurship teachers the content, methodology and experiential practices that is Babson's trademark. This will increase the effectiveness of teachers, enabling tens of thousands of young people in Rwanda to graduate with the knowledge, skills and entrepreneurial mindset to start their own business or work in the private sector.

Budget  $164,205.00
Category  Education, General/Other Educational Programs
Population Served Africa Adults Adolescents Only (13-19 years)
Program Short-Term Success 
Within the initial two years of the project, the following will be achieved:  
 * Establishment of a vital network of entrepreneurship educators in Rwanda supported by Babson, BREC, and other partner organizations within the country.
 * Teachers prepared to create lesson plans based on United Nation’s Industrial Development Organization(UNIDO)/Rwanda Education Board (REB) entrepreneurship curriculum
 * Teachers meeting each semester at networking events to share successes, failures, provide advice and develop opportunities for collaboration.
 * More than 500 secondary school Rwandan teachers will be trained to teach entrepreneurship using the Babson model, in part through a peer to peer learning environment, and will impact the lives of tens of thousands Rwandan students.
 * An online simulation to complement the curriculum will be developed for distribution to teachers through the BREEN Blackboard site. Teachers will also receive training on use of Blackboard technology.
Program Long-Term Success 
Every educator who teaches entrepreneurship in Rwanda's secondary schools will be a member of the Babson-Rwanda Entrepreneurship Educator's Network. They will receive training in the Babson model of Entrepreneurial Thought and Action to provide students the skills and confidence to identify opportunities and create their own ventures. More than 500 educators will each teach about 500 students per year, resulting in tens of thousands of young people graduating with the ability to become employed in the private sector.
 * Babson has a strong connection to high school students and entrepreneurship support organizations in Rwanda. The proposed program will provide another network to further impact the entrepreneurial culture in Rwanda. The distribution of resources and expertise will help enrich the quality of entrepreneurship education throughout the country.
 * The successful development of this educational model will enable us to seek government and private support to further the network and its work.
Program Success Monitored By 
The following methods and tools will be used to measure the success of the new program. Similar methods have been used successfully in monitoring the Babson Entrepreneurial Leadership Academy.
 * Pre and Post program surveys: Teachers asked to fill out surveys before and after training.
 * Follow-up with teachers: Interviews on what teaching is like for them after the program.
 * Student surveys:
          > To students who completed entrepreneurship classes taught by teachers who did not undergo the new teaching model, with questions about how helpful they were; what students learned and what they felt was useful.
          > To students of teachers who have finished the training program about what they learned, how they liked the methodology, what was useful.
 * National test scores: Is there evidence of a rise in national test scores for students who have been through the new entrepreneurship curriculum?
Examples of Program Success 
The BREEN program has not yet begun, but the following are successes for BELA:
*Jonathan graduated in 2011 from BELA and developed a business plan for his computer training idea. He received the first BREC micro-loan and balanced his computer business with his academic obligations. He graduated top of his class. Services he provides include computer training, renting use of his computer and online time, and creating invitations and cards. He plans to expand by buying new computers, moving into his own office and offering photo editing services.
*Rosine went back to her school after finishing the 2011 BELA and convinced her friends to start an entrepreneurship club. She convinced her headmaster that the school should allow student businesses to sell wares on the school’s campus. This led to a business that sells fruit and avocadoes during lunch period. Club members were paid back their investments and the club is looking for another venture to invest their profits.

Center for Women's Entrepreneurial Leadership (CWEL)

The Center for Women’s Entrepreneurial Leadership (CWEL) at Babson College educates, inspires, and empowers women entrepreneurial leaders to reach their full potential to create economic and social value for themselves, their organizations, and society. The Center does this through innovative education programs, events, and by supporting and widely disseminating research about the unique skills and experiences of women entrepreneurial leaders. Additionally, CWEL supports and advances gender equality as a growth strategy for individuals and for organizations of all sizes, everywhere in the world. The Center is a learning laboratory focused at the intersection of gender and entrepreneurial leadership. CWELis dedicated to investigating, educating, and celebrating women entrepreneurial leaders of all kinds. We provide high impact educational programs, create powerful collaborations, and fund and disseminate action research that influences lives, enhances careers, and evolves organizations.

Budget  $1,000,000.00
Category  Education, General/Other Educational Research
Population Served College Aged (18-26 years) Hispanic, Latino Heritage
Program Short-Term Success     
Program Long-Term Success     
Program Success Monitored By     
Examples of Program Success     

CEO/Executive Director/Board Comments



CEO/Executive Director Dr. Kerry Healey
CEO Term Start July 2013
CEO Email
CEO Experience
Dr. Kerry Murphy Healey is internationally recognized for her nearly three decades of service in academia, government, and humanitarian work both in the United States and overseas. She took office as Babson’s first woman president on July 1, 2013.
Serving with distinction as the 70th lieutenant governor of Massachusetts from 2003 to 2007, Healey worked to lead, enact, and implement a wide range of policy and legislative initiatives for the Romney-Healey administration. She co-chaired the state’s Regional Competitiveness Councils, which focused on coordinating economic development and increasing business competitiveness throughout Massachusetts. Healey also partnered with Governor Romney to craft Massachusetts’ first-in-the-nation health care-reform legislation.
In 2008, Healey was appointed by Secretary of State Condoleezza Rice as a founding member of the Executive Committee of the U.S. State Department’s Public-Private Partnership for Justice Reform in Afghanistan (PJRA), a position to which she was later reappointed by Secretary of State Hillary Clinton.
Healey has led numerous philanthropic initiatives, including: efforts to combat child homelessness with the National Center on Family Homelessness; delivering humanitarian aid to children and the elderly in Cuba; the Parity Project, a bipartisan effort to promote the election and appointment of women to high-level government offices; and training female parliamentarians in Afghanistan.
Prior to her public service, Healey worked for more than a decade as a public policy consultant to the United States Department of Justice for Cambridge-based think tank Abt Associates. Her research and published work focused on gang violence, drug abuse, child abuse, and domestic violence.
Healey earned her AB in government from Harvard College and her PhD in political science and law from Trinity College, Dublin. She has been a fellow at the Harvard Kennedy School’s Institute of Politics and Harvard’s Center for Public Leadership.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Mr. Brian M. Barefoot June 2001 June 2008
Dr. Leonard A. Schlesinger July 2008 June

Senior Staff

Name Title Experience/Biography
Mr. Shahid Ansari Provost --
Ms. Donna Bonaparte Vice President, Human Services --
Ms. Sadie Burton-Goss Chief Diversity and Inclusion Officer

As CDIO , Ms. Goss provides strategic leadership and counsel, driving Babson’s mission to continuously create and sustain a culture of inclusion for all members of the Babson Community (students, faculty, staff, and alumnae). She joins Babson College following a distinguished career as an internal and external senior leader, consultant and successful entrepreneur focused on the development of high performing diverse leaders and organizations.

Mr. Samuel Dunn Chief Information Officer

Dr. Dunn has over 15 years of CIO experience in several different industries, including healthcare, government and software consulting services. He has a strong background in leading large software development projects and eLearning solutions. He is also a successful entrepreneur and has started several businesses.

Ms. Elaine Eisenman Dean, Babson Executive Education

Dr. Eisenman is responsible for the strategy and growth of this Financial Times-top rated executive education division, as well as for the public sector educational and foundation partner programs in entrepreneurship. She also is responsible for the management of the top‐rated Babson Executive Conference Center. Her career includes experience as a business leader and general manager, HR executive, private and public Board member, and organizational consultant. Her areas of expertise include executive selection, transition, and succession, and the alignment of strategy, selection, compensation, and performance during periods of growth and transformation.

Mr. Grant M. Gosselin Vice President of Enrollment and Dean of Admissions

Grant Gosselin oversees both undergraduate and graduate enrollment strategies and is responsible for creating and leading a comprehensive and coordinated strategy that purposefully accompanies students from recruitment to graduation. He works closely with the Deans of the Graduate and Undergraduate Schools, as well as the Directors of Admission for the Undergraduate School and the Graduate School, both of whom report to him.  Mr. Gosselin has served in the Admission Office at Babson for six years where he has established a successful track record.

Ms. Carol Hacker Vice President, Babson Alumni and Friends Network --
Mr. Dennis Hanno Murata Dean, Graduate School

Dean Hanno came to Babson from the Accounting discipline with strong expertise in teaching, research, and outreach in this area. He is an award winning teacher who is known for his innovative curriculum as well as his in-depth work on the assessment of student learning. He is one of a select group of scholars who have published more than once in one of the premier accounting research journals, Journal of Accounting Research. In 2012, Hanno was named Vice Provost and Murata Dean of the Graduate School.  His curriculum innovations include leading the development of several unique global opportunities for students, including programs in Ghana and Rwanda.

Ms. Carolyn Hotchkiss Dean of Faculty

Carolyn was appointed Dean of Faculty in December 2010. As Dean, she is responsible for faculty recruitment, development, evaluation, and retention. Professor Hotchkiss joined the Babson faculty in January 1986, and has taught in both the graduate and undergraduate programs. She has taught core law and ethics courses and electives in International Business Law and in Public International Law.

Mr. Jonathan L. Moll Vice President, General Counsel

.Mr. Moll took the position of Vice President & Chief Counsel after serving Babson College for more than twenty years as a Partner at Seyfarth Shaw LLP and, prior to that, at Goldstein & Manello. Mr. Moll serves as Babson's in-house counsel, providing legal advice and guidance and managing the institution's legal affairs, including work with the Board of Trustees. A partner at Seyfarth Shaw, Mr. Moll was a member of the Business Services Department and the Co-Chair of the Education Group. His practice concentrated in the representation of colleges, private schools, other tax-exempt organizations and private businesses. He received the J.D. from Boston College Law School and the B.A. from Harpur College, SUNY at Binghamton.

Ms. Betsy Newman Vice President for Student Affairs and Program Strategy --
Ms. Mary Rose Vice President of Administration --
Mr. Philip Shapiro Vice President, Finance/CFO

Mr. Shapiro has thirty years of public and private sector financial and management experience. He was at Standard and Poor's where he was a Managing Director in the Public Finance Department. He joined Standard & Poor's in 1993 to establish and manage its Boston office, which serves the six New England states. Prior to that, he was the Chief Financial Officer for the Massachusetts Water Resources Authority, responsible for the financial, procurement and real estate planning functions of the Authority.

Ms. Diana Prescott Zais Vice President of Development --


Award Awarding Organization Year
Outstanding Entrepreneurship Award United States Association of Small Business and Entrepreneurship 2010
Theodore M. Hesburgh Award TIAA-CREF 2002
Pew Leadership Award Pew Charitable Trusts 1997


Affiliation Year
American college & University , President's Climate Commitment Membership (ACUPCC) 2012
Associated Grant Makers 2011
Association for the Advancement of Sustainability in Higher Education (AASHE) 2011
Association of American Colleges & Universities (AAC&U) 2010
Eastern Assoctiation of College and Business Officers (EACUBO) 2002
AFP (Association of Fundraising Professionals) 2001
Association of Independent Colleges and Universities in Massachusetts (AICUM) 2000
Association of Prospect Researchers for Advancement - Member 2000
Council for Advancement and Support Education (CASE) 2000
International Assembly for Collegiate Business Education 1996
New England Association of Schools and Colleges (NEASC) 1995
The Chronicle of Higher Education --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
New England Association of Schools and Colleges 2012


Babson College collaborates with many local organizations and many global partners. Locally, Babson collaborates with Wellesley College and Olin College of Engineering on many tri-college initiatives. Babson also collaborates with the City of Boston in sponsoring the Lemonade Day initiative each yea. Babson collaborates with Goldman Sachs on both the 10,000 Small Businesses initiative and the 10,000 Women initiative. Through Babson's Global Consortium for Entrepreneurship Education, we collaborate with member institutions including Bangkok University, Tec de Monterey, and Pakistan Institute of Business Administration, on a variety of initiatives.

CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 727
Number of Part Time Staff 267
Number of Volunteers 0
Number of Contract Staff 118
Staff Retention Rate % 89%

Staff Demographics

Ethnicity African American/Black: 35
Asian American/Pacific Islander: 51
Caucasian: 928
Hispanic/Latino: 49
Native American/American Indian: 1
Other: 40
Other (if specified): 8 (two or more races)
Gender Female: 555
Male: 557
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 15
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Exempt
State Registration Exempt

Risk Management Provisions


Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually


Board Chair Mr. Joseph L. Winn
Board Chair Company Affiliation Consultant
Board Chair Term Oct 2011 - Oct 2014
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Michael J. Angelakis CFO Comcast Corporation Voting
Mr. Craig R. Benson No Affiliation Voting
Mr. Ettore V. Biagioni Alothon Group, LLC Voting
Ms. Maria M. Capozzi McKinsey & Company Voting
Mr. Paul W. Chisholm CEO Mindshift Technologies Voting
Mr. Theodore A. Clark Qualitas Associates Voting
Ms. Ann-Marie Sweeney Copland Flagstar Bank Voting
Mr. Timothy A. DeMello TGP, LLC Voting
Ms. Deborah L. DeSantis Corporation for Supportive Housing Voting
Mr. Gary T. DiCamillo Eaglepoint Advisors Voting
Mr. Craig M. Donaldson HgCapital Voting
Mr. Frank M. Fischer President and CEO NeuroPace Inc Voting
Mr. Marco Gargurevich Fidelity Investments Voting
Mr. Thomas F. Gilbane Jr. Chairman and CEO Gilbane Inc. Voting
Mr. Leonard C. Green The Green Group Voting
Mr. Muhammad H. Habib Joint President Habib Bank AG Zurich Voting
Ms. Kerry Healey Babson College Voting
Mr. Bruce T. Herring Group Chief Investment Officer Fidelity Investments Voting
Mr. Eric G. Johnson President and CEO Baldwin Richardson Foods Company Voting
Mr. Fred S.C. Kiang Sunrise Duty Free Shanghai Co. Ltd. Voting
Mr. Carleton F. Kilmer No Affiliation Voting
Ms. Carmella R. Kletjian SCK Enterprise, LLC Voting
Mr. David F. Lamere Fidelity Investments Voting
Mr. Louis J. Lavigne Lavrite, LLC Voting
Mr. Michael S. Lorber Douglas Elliman Real Estate Voting
Mr. David L. Lucchino Semprus BioSciences Voting
Mr. Warren K.K. Luke Chairman and CEO Hawaii National Bank Voting
Mr. Andronico Luksic Vice Chairman Banco de Chile Voting
Mr. Carlos J. Mattos Hyundai Colombia Automotriz, S.A. Voting
Mr. Richard K. Miller President Franklin W. Olin College of Engineering Voting
Mr. Gordon D. Prichett Faculty, Babson College Voting
Mr. Richard A. Renwick Principal PRW Wealth Management Voting
Mr. Kenneth G. Romanzi Chairman of the Board of Overseers, Senior Vice President and COO Ocean Spray Cranberries Inc. Voting
Mr. Leonard A. Schlesinger President Babson College Voting
Mr. Thomas T. Stalkcamp Collaborative Management, LLC Voting
Ms. Martha D. Vorlicek Harbourvest Partners, LLC Voting
Mr. Robert E. Weissman No Affiliation Voting
Mr. Joseph L. Winn Consultant Voting
Mr. Gary L. Zwerling No Affiliation Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Mr. Eduardo Barco IBS Capital Advisors LLC NonVoting
Mr. Brian M. Barefoot Babson College NonVoting
Mrs. Bettina Beckhoff de Longinotti-Buitoni Organizacion Beckhoff NonVoting
Mr. Ettore V. Biagioni Alothon Group, LLC NonVoting
Mrs. Paloma Botin Es Arte Deleitosa, S.L. NonVoting
Mr. David D. Brillembourg Brilla Group LLC NonVoting
Mr. William "Greg" Burrill W.G.B. Development Corporation NonVoting
Mr. Ricardo Campollo Central Azucarera Tempisque S.A. NonVoting
Mr. Cyril C. Camus CAMUS NonVoting
Mr. Vicente Carvajal MARQAS INC. NonVoting
Mr. Said S. Darwazah Hikna Pharmaceuticals PLC NonVoting
Mr. Rogelio de los Santos Alta Ventures Mexico NonVoting
Ms. Alexandra Garcia de Pacini Retired NonVoting
Mr. Lupo M. del Bono PER4M S.A. NonVoting
Mr. Moulay Hafid Elalamy Saham Group NonVoting
Ms. Mariana Salazar Fernandez Angels With A Mission Foundation NonVoting
Ms. Susana Gallardo Criteria Caixa Corp NonVoting
Mr. Paul S. Gass The Help & Profit Company NonVoting
Mr. Muhammad H. Habib Habib Bank AG Zurich NonVoting
Mr. James J.K. Hung Franklin Templeton Investments (Asia) Limited NonVoting
Mr. Massimo Iacono Massimo Iacono & Partners NonVoting
Mr. Vivek Jain DCW Limited NonVoting
Mr. Prashant Jhawar Usha Martin Limited NonVoting
Mr. Surya K. Jhunjhnuwala Hind Development Private Ltd. NonVoting
Mr. Karlheinz M. Kaiser Christinger Partner AG NonVoting
Mr. Raymond Kassin Safra National Bank NonVoting
Mr. Fred S.C. Kiang Sunrise Duty-Free Co. Ltd. NonVoting
Mr. Gudmundur Kjaernested TransAtlantic Lines LLC NonVoting
Mr. Markus T. Krautli Krautli AG NonVoting
Mrs. Pimjai Laochinda Inoue Rubber Public Co. Ltd NonVoting
Mr. Willy S.M. Lin Milo’s Manufacturing Co. Ltd. NonVoting
Mr. Narender Manoj Madnani Kulczyk Investments SA NonVoting
Mr. Umer Mansha Nishat Mills Limited NonVoting
Mr. Pedro Martin LILA Ltd. NonVoting
Mr. Richard A. Maser, Jr UBS International, Inc. NonVoting
Mr. Pierangelo Pacini, Jr. Cartones America S.A. NonVoting
Mr. Ricardo Antonio Pellerano Pellerano & Herrera NonVoting
Mrs. Elizabeth P. Powell Retired NonVoting
Mr. Gabriel R. Safdie Audley Management Corporation NonVoting
Mrs. Michaela M. Seeger Seeger & Seeger Treuunternehmen NonVoting
Mr. Richard J. Snyder Duane Morris LLP NonVoting
Dr. Xing-Yan Sun Shanghai New Century (SNC) NonVoting
Ms. Giuseppina Vinaccia Vinaccia & Azpurua NonVoting

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 2
Caucasian: 31
Hispanic/Latino: 2
Native American/American Indian: 0
Other: 0
Other (if specified): 1 Middle Eastern
Gender Female: 5
Male: 28
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 80%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 0%
Constituency Includes Client Representation No

Standing Committees


CEO/Executive Director/Board Comments


Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $169,175,000.00
Projected Expense $187,277,000.00
Form 990s

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2014 Audited Financial Statements

2013 Audited Financial Statements

2012 Audited Financial Statements

2011 Audited Financial Statements

2010 Audited Financial Statements

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $210,375,103 $207,685,483 $202,803,363
Total Expenses $198,805,816 $191,675,806 $188,340,286

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
-- -- --
Government Contributions $743,609 $884,528 $939,971
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $743,609 $884,528 $939,971
Individual Contributions $10,465,791 $21,094,103 $22,766,552
Indirect Public Support -- -- --
Earned Revenue $190,826,510 $181,966,113 $172,817,282
Investment Income, Net of Losses $8,284,641 $3,708,234 $6,234,441
Membership Dues -- -- --
Special Events $43,469 $27,818 $37,160
Revenue In-Kind -- -- --
Other $11,083 $4,687 $7,957

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $173,121,755 $169,184,130 $164,883,938
Administration Expense $21,820,441 $19,166,530 $19,659,327
Fundraising Expense $3,863,620 $3,325,146 $3,797,021
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.06 1.08 1.08
Program Expense/Total Expenses 87% 88% 88%
Fundraising Expense/Contributed Revenue 34% 15% 16%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $497,548,639 $463,027,872 $459,292,167
Current Assets $93,013,825 $92,349,069 $82,475,209
Long-Term Liabilities $124,862,516 $134,132,280 $131,572,145
Current Liabilities $27,103,379 $25,615,433 $29,009,345
Total Net Assets $345,582,744 $303,280,159 $298,710,677

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $332,000,000.00
Spending Policy Percentage
Percentage(If selected) 5.0%
Credit Line Yes
Reserve Fund No
How many months does reserve cover? 0.00

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose N/A
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 3.43 3.61 2.84

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 25% 29% 29%

CEO/Executive Director/Board Comments


Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s. Contributions from foundations and corporations are listed under individuals when the breakout was not available.


Other Documents

African Journey (2012)


The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.

1. What is your organization aiming to accomplish?


2. What are your strategies for making this happen?


3. What are your organization’s capabilities for doing this?


4. How will your organization know if you are making progress?


5. What have and haven’t you accomplished so far?