Form 990 data showing organizational financial health and growth.
Revenue (2021)
$358.8M
-9.8% vs 2021
Assets (2021)
$1.2B
+10.8% vs 2021
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2021 | — | — | — | — |
| 2021 | $397,619,450 | $280,964,776 | $1,081,136,455 | 2,032 |
| 2020 | — | — | — | — |
| 2020 | $304,101,925 | $252,934,350 | $1,084,295,364 | 1,965 |
| 2019 | $294,185,810 | $259,126,797 | $863,238,815 | 2,339 |
| 2018 | $280,741,520 | $265,842,275 | $817,307,765 | 2,379 |
| 2017 | $286,482,823 | $251,450,725 | $779,723,786 | 2,558 |
Source: IRS Form 990 filings. All figures in USD.
Meet the people behind Babson College.
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2021)
$5.3M
Highest Paid
$766K
Stephen Spinelli
Compensated Officers
11
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Stephen Spinelli | President | $681,308 | $84,333 | $765,641 | 50 |
| Edward Chiu | SR. VP Of Advancement. See Sch O. | $544,880 | $77,064 | $621,944 | 40 |
| Kenichi Matsuno | VP Academic Affairs & Dean | $477,178 | $33,860 | $511,038 | 40 |
| Richard Bliss | Professor | $444,899 | $39,448 | $484,347 | 40 |
| Katherine Craven | Chief Admin./Financial Officer | $443,591 | $29,753 | $473,344 | 40 |
| Andrew Corbett | Professor | $384,161 | $66,638 | $450,799 | 40 |
| Jay Rao | Professor | $387,966 | $58,446 | $446,412 | 40 |
| Phillip Kim | Professor | $355,192 | $63,732 | $418,924 | 40 |
| D R Widder | VP Of Innovation | $358,011 | $49,316 | $407,327 | 40 |
| Mary Rose | VP Campus/COMM Affairs. See Sch O. | $305,081 | $54,381 | $359,462 | 40 |
| Michael Layish | Secretary & Clerk | $266,317 | $45,627 | $311,944 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Stephen Spinelli | Trustee/President | $682,621 | $87,764 | $770,385 | 40 |
| Edward Chiu | SR. VP Of Advanc. See Sch O | $586,878 | $77,026 | $663,904 | 40 |
| Katherine Craven | Chief Admin Officer | $424,313 | $27,712 | $452,025 | 40 |
| Richard Bliss | Professor | $408,036 | $31,362 | $439,398 | 40 |
| Phillip Knutel | Former Officer/CIO See Sch O | $358,044 | $61,006 | $419,050 | 40 |
| Mark Potter | Professor | $347,639 | $55,993 | $403,632 | 40 |
| Mark Rice | Professor | $348,040 | $54,881 | $402,921 | 40 |
| DR Widder | VP Of Innovation | $350,717 | $49,316 | $400,033 | 40 |
| Jay Rao | Professor | $340,134 | $50,744 | $390,878 | 40 |
| Diana Zais | VP For Development See Sch O | $296,778 | $50,908 | $347,686 | 40 |
| Mary Rose | VP Campus/COMM Affrs See Sch O | $284,558 | $51,417 | $335,975 | 40 |
| Michael Layish | Secretary & Clerk | $252,458 | $57,768 | $310,226 | 40 |
| Donna Bonaparte | VP For HR See Schedule O | $268,009 | $32,769 | $300,778 | 40 |
| Kenichi Matsuno Eff 101620 | VP Academic Affairs & Dean | $251,584 | $20,221 | $271,805 | 40 |
| Jane Edmonds | VP Prog & COMM Out See Sch O | $164,051 | $16,021 | $180,072 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Edward Chiu | SR. VP Of Advancement | $581,131 | $74,621 | $655,752 | 40 |
| Jay A Rao | Professor | $544,404 | $52,611 | $597,015 | 40 |
| Richard Bliss | Professor | $500,187 | $37,945 | $538,132 | 40 |
| Mark Potter | Professor | $419,167 | $63,221 | $482,388 | 40 |
| Katherine Craven | Chief Admin Officer | $439,813 | $31,597 | $471,410 | 40 |
| Mark Rice | Provost | $410,473 | $57,934 | $468,407 | 40 |
| DR Kerry Healey | Former Trustee/President | $409,328 | $45,457 | $454,785 | 40 |
| Heidi Neck | Professor | $403,169 | $51,213 | $454,382 | 40 |
| Andrew L Zacharakis | Professor | $375,521 | $61,193 | $436,714 | 40 |
| Phillip Knutel | Former Officer/CIO See Sch O | $336,948 | $69,179 | $406,127 | 40 |
| DR Stephen Spinelli | Trustee/President (Eff 7/1/19) | $313,617 | $65,805 | $379,422 | 40 |
| Mary Rose | VP For Campus & Commun Affairs | $295,992 | $58,088 | $354,080 | 40 |
| Diana Zais | VP For Development See Sch O | $275,776 | $55,541 | $331,317 | 40 |
| Michael Layish | VP Gen Coun/Secretary/Clerk | $254,775 | $63,970 | $318,745 | 40 |
| Donna Bonaparte | VP For HR See Sch O | $272,353 | $39,853 | $312,206 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| DR Kerry Healey | Trustee/President | $750,614 | $61,039 | $811,653 | 40 |
| Edward Chiu | SR. VP Of Advancement | $592,007 | $61,096 | $653,103 | 40 |
| Jay A Rao | Professor | $492,135 | $50,168 | $542,303 | 40 |
| Andrew L Zacharakis | Professor | $410,559 | $57,749 | $468,308 | 40 |
| Richard Bliss | Professor | $429,962 | $36,610 | $466,572 | 40 |
| Mark Potter | Professor | $399,720 | $62,020 | $461,740 | 40 |
| Katherine Craven | Chief Admin Officer | $428,026 | $31,087 | $459,113 | 40 |
| Heidi Neck | Professor | $389,132 | $48,109 | $437,241 | 40 |
| Phillip Knutel | CIO See Sch O | $286,040 | $61,210 | $347,250 | 40 |
| Mary Rose | VP For Campus & Commun Affairs | $287,126 | $56,224 | $343,350 | 40 |
| Mark Rice | Provost (Start 5/18) | $297,154 | $28,232 | $325,386 | 40 |
| Donna Bonaparte | VP For HR See Sch O | $264,532 | $38,357 | $302,889 | 40 |
| Michael Layish | VP Gen Coun/Secretary/Clerk | $239,575 | $60,141 | $299,716 | 40 |
| Diana Zais | VP For Development See Sch O | $242,094 | $49,623 | $291,717 | 40 |
| Alfred Nanni | Faculty | $239,657 | $50,810 | $290,467 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| DR Kerry Healey | Trustee/President | $754,239 | $60,567 | $814,806 | 40 |
| Richard Bliss | Professor | $486,942 | $34,729 | $521,671 | 40 |
| Shahid Ansari | CEO Babson Global/Faculty | $478,058 | $30,511 | $508,569 | — |
| Jay A Rao | Professor | $450,247 | $47,164 | $497,411 | 40 |
| Michael Johnson | Provost (Until 5/18) | $445,034 | $32,724 | $477,758 | 40 |
| Edward Chiu | SR. VP Of Advancement | $399,661 | $58,580 | $458,241 | 40 |
| Janice Bell | Managing DIR Of Babson Global | $414,649 | $31,658 | $446,307 | 40 |
| Anirudh Dhebar | Professor | $389,045 | $52,801 | $441,846 | 40 |
| Andrew L Zacharakis | Professor | $382,421 | $54,663 | $437,084 | 40 |
| Katherine Craven | Chief Admin Officer | $405,786 | $30,503 | $436,289 | 40 |
| Mary Rose | VP For Campus & Commun Affairs | $272,478 | $54,382 | $326,860 | 40 |
| Phillip Knutel | CIO See Sch O | $287,481 | $35,382 | $322,863 | 40 |
| Alfred Nanni | Faculty | $233,096 | $56,580 | $289,676 | 40 |
| Donna Bonaparte | VP For HR See Sch O | $252,683 | $36,843 | $289,526 | 40 |
| Michael Layish | VP Gen Coun/Secretary/Clerk | $228,539 | $54,691 | $283,230 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
People from this organization who contributed to political campaigns
Merrimac, MA
Newton, MA
Natick, MA
Bedford, MA
Albion, RI
Sudbury, MA
Lenox, MA
Roslindale, MA
Middleboro, MA
Stow, MA
Kittery, ME
College Park, MD
Kittery, ME
Waltham, MA
Plainville, MA
Arlington, MA
Wellesley, MA
Wellesley, MA
Data from Federal Election Commission • Individual contributions only
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.
Government awards and grants from USAspending.gov
| Agency | Award ID | Type | Period | Amount |
|---|---|---|---|---|
| Education | P063P251574 | DIRECT PAYMENT FOR SPECIFIED USE, AS A SUBSIDY OR OTHER NON-REIMBURSABLE DIRECT FINANCIAL AID (C) | 2025-2031 | $1,508,517 |
| HHS | UE5DA056894 | COOPERATIVE AGREEMENT (B) | 2022-2027 | $1,347,081 |
| Education | P268K261574 | DIRECT LOAN (E) | 2025-2047 | $0 |
| Education | P268K251574 | DIRECT LOAN (E) | 2024-2046 | $0 |
Source: USAspending.gov. Amounts represent total federal obligations.
