2014-04-08T17:01:16-05:00 2013-08-31 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2012-09-01 382958545 JEWELL EDUCATIONAL FUND JEWE 8107664280 1050 W Bristol Rd Flint MI 48507 TIFFANY DAVIS 2014-04-08 true Rachel Spurlock P00520729 5023263996 2012 2015-11-30 17:44:51Z ROBERT JEWELL 1050 W Bristol Rd Flint MI 48507 81439200 false X WWW.BAKER.EDU X 1990 MI JEWELL EDUCATIONAL FUND PROVIDES SUPPORT TO BAKER COLLEGE OR ANY OF ITS SUBSIDIARIES FOR FUNDING SCHOLARSHIPS, CAPITAL IMPROVEMENTS, EDUCATIONALLY RELATED PROJECTS, AND RESEARCH AND TRAINING. 10 7 0 8 -23203 -23205 3006312 32113994 0 0 5902599 11153821 13328 161 8922239 43267976 5060214 6100189 0 0 0 0 0 0 0 429889 470840 5490103 6571029 3432136 36696947 178743988 218659579 186115 295141 178557873 218364438 JEWELL EDUCATIONAL FUND PROVIDES 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. false false 6100189 6100189 161 JEWELL EDUCATIONAL FUND GAVE FINANCIAL ASSISTANCE TO BAKER COLLEGE ORGANIZATIONS IN ORDER TO PROVIDE SCHOLARSHIPS IN THE AMOUNT OF $5,690,422 TO 3,913 STUDENTS OF BAKER COLLEGE ORGANIZATIONS. JEWELL EDUCATIONAL FUND ALSO AWARDED GRANTS IN THE AMOUNT OF $56,216 TO BAKER COLLEGE ORGANIZATIONS. THESE GRANTS WILL IMPROVE THE QUALITY OF THE STUDENTS' EDUCATION BY: DEVELOPING MENTORING PROGRAMS AND CREATING ACTIVE LEARNING ASSETS, MODULES, SIMULATIONS, AND LABS TO FURTHER CLASSROOM LEARNING THROUGH HANDS-ON EXPERIENCE. 6100189 true true false false false false false false true false true false false true true false true false false true false false false false false false true false true false false false false false false false false false false false false false true false false false false true 0 0 0 true true true CJ EI false false false false false false false false false X 10 7 false false false false true true false true true false false true true true true true true false false false X TIFFANY DAVIS 8107664280 1050 W BRISTOL RD Flint MI 48507 EDWARD KURTZ 1.00 20.00 X X 0 138024 28001 ROBERT JEWELL 1.00 2.00 X X 0 0 0 TIFFANY DAVIS 1.00 50.00 X X 0 187762 38136 DANIEL THILL 1.00 1.00 X 0 0 0 F JAMES CUMMINS 1.00 50.00 X 0 356226 98406 JACK ENNEST 1.00 0 X 0 0 0 MERIAM LEEKE 1.00 1.00 X 0 0 0 SUSAN EBELING 1.00 2.00 X 0 0 0 WAYNE SCHAEFFER 1.00 0 X 0 0 0 WENDY HEMINGWAY 1.00 2.00 X 0 0 0 0 682012 164543 0 false true false 0 32100000 13994 32113994 0 0 0 0 0 0 0 0 0 0 3872527 -23203 3895730 0 0 0 0 0 45452518 38171224 7281294 0 7281294 7281294 0 0 0 MISCELLANEOUS INCOME 900099 161 161 0 0 0 0 0 0 161 43267976 161 -23203 11177024 6100189 6100189 0 0 0 0 0 0 0 0 0 0 0 0 0 0 449275 449275 90 0 90 0 0 0 0 0 0 0 0 0 0 0 0 0 21475 0 21475 0 6571029 6100189 470840 0 0 7145268 12524657 0 0 100 0 0 0 0 142074114 155865686 29524606 50269136 0 0 0 0 178743988 218659579 141319 196177 0 44796 98964 186115 295141 X 178080776 217870586 420800 433563 56297 60289 178557873 218364438 178743988 218659579 X 36696947 3156384 -46766 X false true X true false X X X false false false BAKER COLLEGE OF ALLEN PARK 743075712 2 false 694356 BAKER COLLEGE OF AUBURN HILLS 383474279 2 false 468945 BAKER COLLEGE 381948719 2 false 0 BAKER COLLEGE OF CADILLAC 383333920 2 false 310529 BAKER COLLEGE CENTER FOR GRADUATE STUDIES 383177823 2 false 617969 BAKER COLLEGE OF CLINTON TOWNSHIP 383474281 2 false 883135 BAKER COLLEGE OF FLINT 380321740 2 false 1071547 BAKER COLLEGE OF JACKSON 383148566 2 false 467548 BAKER COLLEGE OF MUSKEGON 381895805 2 false 817941 BAKER COLLEGE OF OWOSSO 382805044 2 false 498438 BAKER COLLEGE OF PORT HURON 382901703 2 false 246265 BAKER COLLEGE PROFESSIONAL SERVICES 383043861 5 false 16772 12 6093445 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56297 3992 60289 53266 3031 56297 47783 5483 53266 0 46109 1674 47783 0 1.00000 false false 0 0 0 0 0 0 0 0 ALTERNATIVE INVESTMENTS 50269136 F 50269136 0 DUE TO CAMPUSES 98964 98964 X 8218141 3156384 0 3156384 5061757 38206219 38206219 43267976 527056 0 0 527056 6043973 6043973 6571029 Intended uses of endowment funds Schedule D, 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. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE COLLEGE IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE COLLEGE IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAX, EXCEPT FOR CERTAIN INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AS DEFINED BY THE INTERNAL REVENUE CODE. ANY SUCH TAXES RESULTING FROM UNRELATED BUSINESS ACTIVITIES ARE INSIGNIFICANT TO THE OPERATIONS OF THE COLLEGE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT AUGUST 31, 2013, 2012 AND 2011. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2009 AND FOR ALL STATE INCOME TAXES THROUGH 2009. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX POSITIONS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AT AUGUST 31, 2013, 2012 AND 2011. Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b TRANSFERS FROM RELATED ORGANIZATIONS - 32100000; SCHOLARSHIPS - 6043293; CONTRIBUTIONS - 5140; INVESTMENT INCOME - 34583; UBTI - 23203; Other expenses in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIPS - 6043293; RYDER CUP GRANT EXPENSE - 680; CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 18965000 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 1816000 20781000 true false true false true false Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL true BAKER COLLEGE OF ALLEN PARK 450 ENTERPRISE DR ALLEN PARK MI 48101 743075712 501(C)(3) 694356 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF AUBURN HILLS 1500 UNIVERSITY DR AUBURN HILLS MI 48326 383474279 501(C)(3) 468945 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF CADILLAC 9600 EAST 13TH ST CADILLAC MI 49601 383333920 501(C)(3) 310529 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE CENTER FOR GRADUATE STUDIES 1050 WEST BRISTOL RD FLINT MI 48507 383177823 501(C)(3) 617969 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF CLINTON TOWNSHIP 34950 LITTLE MACK AVE CLINTON TOWNSHIP MI 48035 383474281 501(C)(3) 883135 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF FLINT 1050 WEST BRISTOL RD FLINT MI 48507 380321740 501(C)(3) 1071547 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF JACKSON 2800 SPRINGPORT RD JACKSON MI 49202 383148566 501(C)(3) 467548 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF MUSKEGON 1903 MARQUETTE AVE MUSKEGON MI 49442 381895805 501(C)(3) 817941 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF OWOSSO 1020 SOUTH WASHINGTON ST OWOSSO MI 48867 382805044 501(C)(3) 498438 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE OF PORT HURON 3403 LAPEER RD PORT HURON MI 48060 382901703 501(C)(3) 246265 OPERATIONS/SCHOLARSHIPS BAKER COLLEGE PROFESSIONAL SERVICES INC 1050 WEST BRISTOL RD FLINT MI 48507 383043861 501(C)(3) 16772 OPERATIONS/SCHOLARSHIPS 11 0 Procedures for monitoring use of grant funds Schedule I, 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 SYSTEM BUSINESS OFFICE FOR REIMBURSEMENT. SCHOLARSHIPS ARE PROVIDED TO STUDENTS BASED ON NEEDS ASSESSMENTS AND/OR PERFORMANCE. THE FINANCIAL AID OFFICE FOR EACH BAKER COLLEGE ORGANIZATION MONITORS EACH STUDENT TO ENSURE COMPLIANCE WITH THE AWARD. A LIST OF ELIGIBLE STUDENTS IS SUBMITTED TO THE SYSTEM BUSINESS OFFICE ANNUALLY FOR REIMBURSEMENT FROM THE JEWELL EDUCATIONAL FUND. false true false false false false false EDWARD KURTZ 0 123080 0 0 0 14944 0 12500 0 15501 0 166025 0 0 F JAMES CUMMINS 0 304705 0 42376 0 9145 0 85000 0 13406 0 454632 0 0 TIFFANY DAVIS 0 160127 0 22960 0 4675 0 16517 0 21619 0 225898 0 0 Arrangement used to establish the top management official's compensation Schedule J, Part I, Line 3 THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL DOES NOT RECEIVE COMPENSATION FROM THE JEWELL EDUCATIONAL FUND; THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS PAID AND DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b F. JAMES CUMMINS PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THROUGH BAKER COLLEGE PROFESSIONAL SERVICES, A RELATED TAX-EXEMPT ORGANIZATION. $60,000 WAS DEFERRED UNDER THE PLAN WITH RESPECT TO THE FISCAL YEAR ENDING AUGUST 31, 2013. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 PURSUANT TO THE ORGANIZATION'S GOVERNING DOCUMENTS AND THE MICHIGAN NON-PROFIT CORPORATION ACT, BAKER COLLEGE, INC. IS THE SOLE STOCKHOLDER OF THE JEWELL EDUCATIONAL FUND. Members or stockholders electing members of governing body 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, INC. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b AN APPOINTED COMMITTEE CONSISTING OF THE BOARD CHAIR, VICE PRESIDENT, AND TREASURER/SECRETARY APPROVED BY THE BOARD OF REGENTS/TRUSTEES/DIRECTORS REVIEWED THE FORM 990. THE APPOINTED COMMITTEE WAS PROVIDED A DRAFT OF THE RETURN AND A BOARD SUMMARY REPORT PREPARED BY THE PAID TAX RETURN PREPARERS WHICH HIGHLIGHTED KEY AREAS OF THE FORM 990. 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE CONFLICT 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 SYSTEM AND CAMPUS BUSINESS OFFICE. AFTER DISCLOSURE OF THE CONFLICT, THE SYSTEM BUSINESS OFFICE SHALL DETERMINE WHETHER A FINANCIAL INTEREST EXISTS. THE SYSTEM FOLLOWS WRITTEN PROCEDURES FOR ADDRESSING DISCLOSED CONFLICTS OF INTEREST. THE SYSTEM BUSINESS 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 SYSTEM BUSINESS OFFICE SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN THE CONFORMITY WITH SUCH DETERMINATION. PROCESS USED TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL FORM 990, PART VI, LINE 15A PRESIDENT ROBERT JEWELL, 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. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, 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. Governing documents, conflict of interest policy and financial statements available to the public 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. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 UBIT - -23203; CAPITAL ASSET TRANSFER - -23563; REQUIREMENTS UNDER SINGLE AUDIT ACT AND OMB CIRCULAR A-133 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, 2012. THE JEWELL EDUCATIONAL FUND IS A SUBSIDIARY CORPORATION OF BAKER COLLEGE, INC. BAKER COLLEGE INC 1050 W BRISTOL RD FLINT MI 48507 EDUCATION MI 501(C)(3) 2 NA false BAKER COLLEGE OF AUBURN HILLS 1500 UNIVERSITY DR AUBURN HILLS MI 48326 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF ALLEN PARK 4500 ENTERPRISE DR ALLEN PARK MI 48101 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF CADILLAC 9600 E 13TH ST CADILLAC MI 49601 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF CLINTON TOWNSHIP 34950 LITTLE MACK AVE CLINTON TOWNSHIP MI 48035 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF FLINT 1050 W BRISTOL RD FLINT MI 48507 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF JACKSON 2800 SPRINGPORT RD JACKSON MI 49202 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF MUSKEGON 1903 MARQUETTE AVE MUSKEGON MI 49442 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF OWOSSO 1020 S WASHINGTON ST OWOSSO MI 48867 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE OF PORT HURON 3403 LAPEER RD PORT HURON MI 48060 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE CENTER FOR GRADUATE STUDIES 1116 W BRISTOL RD FLINT MI 48507 SCHOOL MI 501(C)(3) 2 BAKER COLLEGE INC false BAKER COLLEGE PROFESSIONAL SERVICES INC 1050 W BRISTOL RD FLINT MI 48507 MGMT & ADMIN MI 501(C)(3) 11 - Type I BAKER COLLEGE INC false false true true false true false false false true false false false true true true false false true true