Babson College
Babson Park, MA · EIN 04-2103544 · Education · Rank 1,817 by total revenue
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 1,100 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.
Money, Form 990 for tax year 2024
- Total revenue
- $359,613,997
- Total expenses
- $334,738,986
- Total assets
- $1,261,222,358
- Salary base (all salaries and wages)
- $126,995,903
- Salaries, other pay and benefits
- $160,840,837
- Employees
- 2,642
- Salary base per employee
- $48,068
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (36)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Stephen Spinelli | PRESIDENT | Board, Officer | 50 | $1,164,223 |
| Katherine Craven | EXECUTIVE VICE PRESIDENT, CAO/CFO | Officer | 40 | $581,599 |
| Michael Layish | SECRETARY & CLERK | Officer | 40 | $419,741 |
| Ariel Armony | PROVOST (AS OF 11/18/24) | Officer | 40 | $143,453 |
| Jeffery S Perry | CHAIR, BOARD OF TRUSTEES | Board, Officer | 1.2 | None reported |
| Craig R Benson | VICE CHAIR, BOARD OF TRUSTEES | Board, Officer | 1.2 | None reported |
| Deborah L De Santis | VICE CHAIR, BOARD OF TRUSTEES | Board, Officer | 1.2 | None reported |
| Eric G Johnson | VICE CHAIR, BOARD OF TRUSTEES | Board, Officer | 1.2 | None reported |
| Jeffrey J McLane | TREASURER | Board, Officer | 1.2 | None reported |
| Edward Chiu | EXECUTIVE VICE PRESIDENT | Key employee | 40 | $1,093,025 |
| Harsha V Agadi | TRUSTEE | Board | 1.2 | None reported |
| Kanarath P Balaraj | TRUSTEE (AS OF 10/10/24) | Board | 1.2 | None reported |
| Ettore V Biagioni | TRUSTEE | Board | 1.2 | None reported |
| Philip H Boulton | TRUSTEE | Board | 1.2 | None reported |
| Martha Buckley | TRUSTEE | Board | 1.2 | None reported |
| Andrew J Butler | TRUSTEE | Board | 1.2 | None reported |
| Cyril C Camus | TRUSTEE | Board | 1.2 | None reported |
| Anthony R Chiasson | TRUSTEE | Board | 1.2 | None reported |
| Warren Cross Jr | TRUSTEE | Board | 1.2 | None reported |
| Richelieu W Dennis Jr | TRUSTEE | Board | 1.2 | None reported |
| Brett A Gordon | TRUSTEE | Board | 1.2 | None reported |
| Bruce T Herring | TRUSTEE | Board | 1.2 | None reported |
| Ryusuke Honjo | TRUSTEE | Board | 1.2 | None reported |
| John E Johnson | TRUSTEE | Board | 1.2 | None reported |
| Fred Sc Kiang | TRUSTEE | Board | 1.2 | None reported |
| Ryan Kratz | TRUSTEE (AS OF 10/10/24) | Board | 1.2 | None reported |
| Michael S Lorber | TRUSTEE | Board | 1.2 | None reported |
| Christopher P Malone | TRUSTEE | Board | 1.2 | None reported |
| Audrey McLoghlin | TRUSTEE | Board | 1.2 | None reported |
| Ramon A Mendiola | TRUSTEE | Board | 1.2 | None reported |
| Corey N Oneill | TRUSTEE | Board | 1.2 | None reported |
| Kenneth G Romazni | TRUSTEE | Board | 1.2 | None reported |
| James A Rullo | TRUSTEE | Board | 1.2 | None reported |
| Somia Farid Silber | TRUSTEE | Board | 1.2 | None reported |
| Amanda G Strong | TRUSTEE | Board | 1.2 | None reported |
| Davide D Visco | TRUSTEE | Board | 1.2 | None reported |
Top 10 paid people listed
These 10 people received $6,315,723, which is 5.0% of the $126,995,903 salary base shared by 2,642 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Stephen Spinelli | PRESIDENT | Board, Officer | 50 | $1,052,300 | $0 | $111,923 | $1,164,223 |
| Edward Chiu | EXECUTIVE VICE PRESIDENT | Key employee | 40 | $1,007,482 | $0 | $85,543 | $1,093,025 |
| Jay Rao | PROFESSOR | Highly paid employee | 40 | $504,472 | $0 | $77,952 | $582,424 |
| Katherine Craven | EXECUTIVE VICE PRESIDENT, CAO/CFO | Officer | 40 | $520,293 | $0 | $61,306 | $581,599 |
| Ben Chevrette | VICE PRESIDENT, DEVELOPMENT | Highly paid employee | 40 | $490,708 | $0 | $71,886 | $562,594 |
| Kelly Lynch | EXECUTIVE VICE PRESIDENT | Highly paid employee | 40 | $491,639 | $0 | $40,649 | $532,288 |
| Andrew Corbett | PROFESSOR | Highly paid employee | 40 | $433,260 | $0 | $71,981 | $505,241 |
| Richard Bliss | PROFESSOR | Highly paid employee | 40 | $442,708 | $0 | $40,388 | $483,096 |
| Michael Layish | SECRETARY & CLERK | Officer | 40 | $334,330 | $0 | $85,411 | $419,741 |
| Kenichi Matsuno | PROFESSOR/FMR VP ACAD AFFAIRS & DEAN | Former | 40 | $352,764 | $0 | $38,728 | $391,492 |
Sources
- IRS e-file return 202631349349301873 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 04-2103544
- Organization website (as filed): www.babson.edu