Nonprofit · EIN 38-2958545
JEWELL EDUCATIONAL FUND
Tax-exempt · OWOSSO, MI 48867
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $26,759,291 | $9,870,220 | $16,889,071 | $425,780,643 | $0 | $425,780,643 |
| August 31, 2024 | 990 | $13,385,243 | $7,394,851 | $5,990,392 | $405,269,502 | $0 | $405,269,502 |
| August 31, 2023 | 990 | $13,698,138 | $7,342,030 | $6,356,108 | $362,332,794 | $0 | $362,332,794 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $26,759,291
- Net gain from sales of assets
- $22,068,597
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $8,203,646
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $8,203,646
- Management and general (functional)
- $1,666,574
Balance sheet and other
- Total assets, start of year
- $405,269,502
- Total assets, end of year
- $425,780,643
- Total liabilities, end of year
- $0
- Net assets, end of year
- $425,780,643
- Publicly traded securities
- $341,211,475
- Net assets without donor restrictions
- $425,654,634
- Net assets with donor restrictions
- $126,009
- Gross receipts
- $106,382,791
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1990
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACQUELINE SPICER | PRESIDENT/CEO/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $398,943 | $61,071 |
| MICHAEL MOORE | TREASURER/CONTROLLER/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $150,356 | $35,434 |
| BART DAIG | FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE Former | 0 | $0 | $128,785 | $0 |
| DENISE BANNAN | SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR Trustee or director, Officer | 1 | $0 | $57,783 | $27,459 |
| NATHAN DAVIDSON | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN EBELING | TRUSTEE/BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MARTIN | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| PAUL SCHLUCKEBIER | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACQUELINE SPICER | PRESIDENT/CEO/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $390,610 | $71,017 |
| BART DAIG | FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE Former | 0 | $0 | $319,449 | $18,012 |
| MICHAEL MOORE | TREASURER/CONTROLLER/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $147,414 | $47,144 |
| DENISE BANNAN | SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR Trustee or director, Officer | 1 | $0 | $56,581 | $26,946 |
| SUSAN EBELING | TRUSTEE/BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MARTIN | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| PAUL SCHLUCKEBIER | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN DAVIDSON | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BART DAIG | FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE Former | 0 | $0 | $339,907 | $43,329 |
| JACQUELINE SPICER | PRESIDENT/CEO/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $280,888 | $51,650 |
| MICHAEL MOORE | TREASURER/CONTROLLER/BOARD OF REGENTS Trustee or director, Officer | 1 | $0 | $142,530 | $44,354 |
| DENISE BANNAN | SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR Trustee or director, Officer | 1 | $0 | $55,000 | $24,921 |
| F JAMES CUMMINS | FORMER BOARD OF REGENTS/CHAIRPERSON/TRUSTEE Former | 0 | $16,000 | $0 | $0 |
| SUSAN EBELING | TRUSTEE/BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MARTIN | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| PAUL SCHLUCKEBIER | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN DAVIDSON | BOARD OF REGENTS Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1020 S WASHINGTON ST, OWOSSO, MI 48867-8956
- In care of
- % EDWARD J KURTZ
- Principal officer (990 for 2024)
- JACQUELINE SPICER, 1020 S WASHINGTON ST, OWOSSO, MI 48867
- Signed the 990
- MICHAEL MOORE, TREASURER
- Phone
- (989) 729-3437
- Website
- WWW.BAKER.EDU
- Return prepared by
- REHMANN ROBSON LLC
Mission
JEWELL EDUCATIONAL FUND PROVIDES OPERATIONAL SUPPORT TO BAKER COLLEGE OR ANY OF ITS SUBSIDIARIES FOR FUNDING THE FOLLOWING: SCHOLARSHIPS FOR ACADEMICALLY QUALIFIED STUDENTS AND STUDENTS WITH DEMONSTRATED FINANCIAL NEED, CAPITAL IMPROVEMENTS, EDUCATIONALLY RELATED PROJECTS OF THE COLLEGE OR SUBSIDIARIES, RESEARCH AND TRAINING BY THE COLLEGE'S FACULTY, PARTICIPATION IN JOINT VENTURES WITH OTHER EDUCATIONAL ORGANIZATIONS AND FOR THE COLLEGE'S COMMUNITY PURPOSES.
Program accomplishments
- JEWELL EDUCATIONAL FUND GAVE FINANCIAL ASSISTANCE TO BAKER COLLEGE ORGANIZATIONS IN ORDER TO PROVIDE TUITION DISCOUNTS TO ELIGIBLE STUDENTS IN THE AMOUNT OF $8,113,820 TO 4,027 STUDENTS OF BAKER COLLEGE ORGANIZATIONS.Expenses $8,203,646 · grants $8,203,646
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 38-2958545
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1991
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $425,780,643
- Income (IRS master file)
- $106,382,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $26,759,291 | $9,870,220 | $425,780,643 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $13,385,243 | $7,394,851 | $405,269,502 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $13,698,138 | $7,342,030 | $362,332,794 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $22,937,183 | $9,004,632 | $349,055,428 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2958545).
Questions about JEWELL EDUCATIONAL FUND
- What is the EIN of JEWELL EDUCATIONAL FUND?
- The employer identification number (EIN) of JEWELL EDUCATIONAL FUND is 38-2958545.
- Is JEWELL EDUCATIONAL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to JEWELL EDUCATIONAL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does JEWELL EDUCATIONAL FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JEWELL EDUCATIONAL FUND due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JEWELL EDUCATIONAL FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of JEWELL EDUCATIONAL FUND?
- The 990 for the year ended August 31, 2025 names JACQUELINE SPICER.
- Who are the officers and directors of JEWELL EDUCATIONAL FUND?
- The 990 for the year ended August 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does JEWELL EDUCATIONAL FUND have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $26,759,291, expenses of $9,870,220 and total assets of $425,780,643 at year end.
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