2025-07-08T15:42:51-05:00 2024-08-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2023-09-01 382958545 JEWELL EDUCATIONAL FUND JEWE 9897293437 1020 S WASHINGTON ST OWOSSO MI 48867 MICHAEL MOORE TREASURER 9897293437 2025-06-27 1 1 JEFFREY E HERT CPA P00066715 9897999580 2025-06-27 2023 2025-03-06 01:10:19Z JACQUELINE SPICER 1020 S WASHINGTON ST OWOSSO MI 48867 80268826 0 X WWW.BAKER.EDU X 1990 MI 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. 7 4 0 4 2389517 2388517 0 0 0 0 13698138 13385243 0 0 13698138 13385243 6374873 6396035 0 0 0 0 0 0 0 967157 998816 7342030 7394851 6356108 5990392 362332794 405269502 0 0 362332794 405269502 X 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. 0 0 6396035 6396035 JEWELL EDUCATIONAL FUND GAVE FINANCIAL ASSISTANCE TO BAKER COLLEGE ORGANIZATIONS IN ORDER TO PROVIDE TUITION DISCOUNTS TO ELIGIBLE STUDENTS IN THE AMOUNT OF $6,331,935 TO 2,688 STUDENTS OF BAKER COLLEGE ORGANIZATIONS. 6396035 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JACQUELINE SPICER 9897293437 1020 S WASHINGTON ST OWOSSO MI 48867 DENISE BANNAN SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR 1.00 48.00 X X 0 56581 26946 SUSAN EBELING TRUSTEE/BOARD OF REGENTS 1.00 9.00 X 0 0 0 JAMES MARTIN BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL MOORE TREASURER/CONTROLLER/BOARD OF REGENTS 1.00 48.00 X X 0 147414 47144 PAUL SCHLUCKEBIER BOARD OF REGENTS 1.00 X 0 0 0 JACQUELINE SPICER PRESIDENT/CEO/BOARD OF REGENTS 1.00 48.00 X X 0 390610 71017 NATHAN DAVIDSON BOARD OF REGENTS 1.00 X 0 0 0 BART DAIG FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE 0.00 X 0 319449 18012 0 914054 163119 0 1 1 0 0 7967182 2389517 5577665 72301644 66883583 5418061 5418061 5418061 13385243 0 2389517 10995726 6396035 6396035 810664 810664 UBI TAX 188152 188152 7394851 6396035 998816 0 15884147 1525331 311390056 340748177 35058591 62995994 362332794 405269502 0 0 X 362230205 405152564 102589 116938 362332794 405269502 362332794 405269502 X 5990392 29147262 7799054 X X 0 1 X 1 1 1 X X 10 BAKER OF ALLEN PARK 743075712 2 0 0 0 BAKER OF ROYAL OAK 383474279 2 0 341924 0 BAKER OF CADILLAC 383333920 2 0 208321 0 BAKER ONLINE 383177823 2 0 4042940 0 BAKER OF CLINTON TOWNSHIP 383474281 2 0 0 0 BAKER OF FLINT 380321740 2 0 0 0 BAKER OF JACKSON 383148566 2 0 134237 0 BAKER OF MUSKEGON 381895805 2 0 748582 0 BAKER OF OWOSSO 382805044 2 0 695880 0 BAKER OF PORT HURON 382901703 2 0 224151 0 10 6396035 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART III, LINE 19A THE SUPPORTED ORGANIZATIONS ARE DESCRIBED IN THE ARTICLES OF INCORPORATION OF JEWELL EDUCATIONAL FUND. SPECIFICALLY, THE ARTICLES OF INCORPORATION PROVIDE THAT THE PURPOSES OF THE SUPPORTING ORGANIZATION INCLUDE AIDING AND SUPPORTING "BAKER COLLEGE OR ANY OF ITS SUBSIDIARIES OR AFFILIATES." SCHEDULE A, PART IV, SECTION A, LINE 11A ALL DIRECTORS OF THE SUPPORTING ORGANIZATION ARE APPOINTED BY BAKER COLLEGE, WHICH IN TURN CONTROLS EACH OF THE REMAINING SUPPORTED ORGANIZATIONS. 101275 14349 115624 96428 4847 101275 109701 -13273 96428 90735 18966 109701 84248 6487 90735 1.00000 0 0 0 INTERCOMPANY BALANCE 62995994 62995994 X PART V, LINE 4: THE QUASI-ENDOWMENT FUNDS GIVE FINANCIAL ASSISTANCE TO BAKER COLLEGE ORGANIZATIONS TO PROVIDE SCHOLARSHIPS AND GRANTS WHICH IMPROVE THE QUALITY OF THE STUDENTS' EDUCATION BY FOCUSING ON STUDENT RETENTION AND ADVISING, HANDS-ON LABORATORY EXPERIENCE, AND INCREASING SKILLS IN MATHEMATICS. THE PERMANENT AND TERM ENDOWMENT FUNDS GIVE FINANCIAL ASSISTANCE TO BAKER COLLEGE ORGANIZATIONS TO PROVIDE SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL 2019 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF AUGUST 31, 2024. THE COLLEGE CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE COLLEGE'S CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE COLLEGE DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AT AUGUST 31, 2024 OR 2023, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1470311 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 855621 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 31919 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 INVESTMENTS 619300 SOUTH AMERICA 0 0 INVESTMENTS 37068 SOUTH AFRICA 0 0 INVESTMENTS 0 0 0 0 0 0 3014219 0 3014219 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL 1 BAKER OF ROYAL OAK 420 S LAFAYETTE AVE ROYAL OAK MI 48067 383474279 501(C)(3) 0 341924 OPERATIONS/SCHOLARSHIPS BAKER OF CADILLAC 9600 E 13TH ST CADILLAC MI 49601 383333920 501(C)(3) 0 208321 OPERATIONS/SCHOLARSHIPS BAKER ONLINE 1020 S WASHINGTON ST OWOSSO MI 48867 383177823 501(C)(3) 0 4042940 OPERATIONS/SCHOLARSHIPS BAKER OF JACKSON 2800 SPRINGPORT RD JACKSON MI 49202 383148566 501(C)(3) 0 134237 OPERATIONS/SCHOLARSHIPS BAKER OF MUSKEGON 1903 MARQUETTE AVE MUSKEGON MI 49442 381895805 501(C)(3) 0 748582 OPERATIONS/SCHOLARSHIPS BAKER OF OWOSSO 1020 S WASHINGTON ST OWOSSO MI 48867 382805044 501(C)(3) 0 695880 OPERATIONS/SCHOLARSHIPS BAKER OF PORT HURON 2000 ST CLAIR ST PORT HURON MI 48060 382901703 501(C)(3) 0 224151 OPERATIONS/SCHOLARSHIPS 7 PART I, LINE 2: FOR JEWELL EDUCATIONAL FUND GRANTS, BAKER COLLEGE ORGANIZATIONS SUBMIT AN APPLICATION WHICH DETAILS THE EDUCATIONAL PURPOSE OF THE GRANT AND THE BUDGETED EXPENDITURES NECESSARY TO FUND THE GRANT. THE JEWELL EDUCATIONAL FUND FACULTY PROJECT COMMITTEE REVIEWS THE APPLICATIONS AND MAKES THE FINAL DECISION ON WHICH PROJECTS ARE APPROVED. ONCE APPROVED, BAKER COLLEGE ORGANIZATIONS SUBMIT SUPPORTING DOCUMENTATION OF THEIR EXPENDITURES TO THE CORPORATE CONTROL OFFICE FOR REIMBURSEMENT. TUITION DISCOUNTS ARE PROVIDED TO STUDENTS BASED ON THE AWARDS' QUALIFICATION CRITERIA. THE INTEGRATED STUDENT SERVICES DEPARTMENT FOR EACH BAKER COLLEGE ORGANIZATION MONITORS EACH STUDENT TO ENSURE COMPLIANCE WITH THE AWARD. 0 1 0 0 0 0 0 0 0 JACQUELINE SPICER PRESIDENT/CEO/BOARD OF REGENTS 0 383200 0 0 0 7410 0 40958 0 30059 0 461627 0 0 BART DAIG FORMER BOARD OF REGENTS/PRESIDENT CE 0 0 0 0 0 319449 0 0 0 18012 0 337461 0 96116 MICHAEL MOORE TREASURER/CONTROLLER/BOARD OF REGENT 0 146124 0 0 0 1290 0 14708 0 32436 0 194558 0 0 PART I, LINE 3 THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL DOES NOT RECEIVE COMPENSATION FROM THE JEWELL EDUCATIONAL FUND; THE COMPENSATION IS PAID AND DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION. PART I, LINE 4B JACQUELINE SPICER PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH BAKER COLLEGE PROFESSIONAL SERVICES, A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 PURSUANT TO THE ORGANIZATION'S GOVERNING DOCUMENTS AND THE MICHIGAN NON-PROFIT CORPORATION ACT, BAKER COLLEGE IS THE SOLE STOCKHOLDER OF THE JEWELL EDUCATIONAL FUND. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO THE ORGANIZATION'S GOVERNING DOCUMENTS, THE BOARD OF REGENTS, THE GOVERNING BODY OF THE JEWELL EDUCATIONAL FUND, IS APPOINTED BY THE SOLE STOCKHOLDER, BAKER COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B AN APPOINTED COMMITTEE, APPROVED BY THE BOARD OF REGENTS/TRUSTEES/DIRECTORS, CONSISTING OF THE BOARD CHAIR, BAKER COLLEGE PROFESSIONAL SERVICE'S PRESIDENT, AND TREASURER/SECRETARY REVIEWED THE FORM 990. THE APPOINTED COMMITTEE WAS PROVIDED A DRAFT OF THE RETURN COMPLETED BY THE PAID TAX RETURN PREPARERS. SUBSEQUENT TO THE APPOINTED COMMITTEE'S REVIEW AND RECOMMENDATIONS, THE FINAL COPY WAS MADE AVAILABLE TO THE FULL BOARD OF REGENTS/TRUSTEES/DIRECTORS, EITHER ELECTRONICALLY OR BY MAIL, PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY COVERS THE OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES OF THE COLLEGE. THESE INDIVIDUALS HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO THE CORPORATE CONTROL OFFICE. AFTER DISCLOSURE OF THE CONFLICT, THE CORPORATE CONTROL OFFICE SHALL DETERMINE WHETHER A FINANCIAL INTEREST EXISTS. THE SYSTEM FOLLOWS WRITTEN PROCEDURES FOR ADDRESSING DISCLOSED CONFLICTS OF INTEREST. THE CORPORATE CONTROL OFFICE WILL REVIEW THE FACTS AND CIRCUMSTANCES AND DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST, FOR ITS OWN BENEFIT, AND FAIR AND REASONABLE TO THE COLLEGE. THE CORPORATE CONTROL OFFICE SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: PRESIDENT JACQUELINE SPICER, TOP MANAGEMENT OFFICIAL, DOES NOT RECEIVE COMPENSATION FROM THE JEWELL EDUCATIONAL FUND. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. LINE 15B: THE ORGANIZATION'S OTHER OFFICERS DO NOT RECEIVE COMPENSATION FROM THE JEWELL EDUCATIONAL FUND. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: RETIREMENT MEDICAL FUND ADJUSTMENT 7,799,054. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS AND SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XII, LINE 3B: IN ACCORDANCE WITH THE SINGLE AUDIT ACT AND AS REQUIRED BY THE U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133, AUDITS OF STATES, LOCAL GOVERNMENTS, AND NON-PROFIT ORGANIZATIONS, BAKER COLLEGE AND SUBSIDIARIES RECEIVED AN AUDIT FOR THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED AUGUST 31, 2024. JEWELL EDUCATIONAL FUND IS A SUBSIDIARY CORPORATION OF BAKER COLLEGE. BAKER COLLEGE 1020 S WASHINGTON ST OWOSSO MI 48867 381948719 EDUCATION MI 501(C)(3) LINE 2 N/A 0 BAKER OF ROYAL OAK 420 S LAFAYETTE AVE ROYAL OAK MI 48067 383474279 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF ALLEN PARK 1020 S WASHINGTON ST OWOSSO MI 48867 743075712 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF CADILLAC 9600 E 13TH ST CADILLAC MI 49601 383333920 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF CLINTON TOWNSHIP 1020 S WASHINGTON ST OWOSSO MI 48867 383474281 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF FLINT 1020 S WASHINGTON ST OWOSSO MI 48867 380321740 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF JACKSON 2800 SPRINGPORT RD JACKSON MI 49202 383148566 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF MUSKEGON 1903 MARQUETTE AVE MUSKEGON MI 49442 381895805 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF OWOSSO 1020 S WASHINGTON ST OWOSSO MI 48867 382805044 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER OF PORT HURON 2000 ST CLAIR ST PORT HURON MI 48060 382901703 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER ONLINE 1020 S WASHINGTON ST OWOSSO MI 48867 383177823 SCHOOL MI 501(C)(3) LINE 2 BAKER COLLEGE 0 BAKER COLLEGE PROFESSIONAL SERVICES INC 1020 S WASHINGTON ST OWOSSO MI 48867 383043861 MGMT & ADMIN MI 501(C)(3) LINE 12B, II BAKER COLLEGE 0 ST FRANCIS SCHOOL OF LAW 895 DOVE ST NEWPORT BEACH CA 92660 471804087 SCHOOL CA 501(C)(3) LINE 2 BAKER COLLEGE 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1