JEWELL EDUCATIONAL FUND Charity Report

Public IRS 990 nonprofit record

JEWELL EDUCATIONAL FUND

EIN 38-2958545 · Scholarships & Student Financial Aid (B82)

What they do

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 COLLEGES FACULTY, PARTICIPATION IN JOINT VENTURES WITH OTHER EDUCATIONAL ORGANIZATIONS and for THE COLLEGES COMMUNITY PURPOSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

30.66%of revenue went to mission work83.1% of expenses · Program services

$36.89spent for every $100 of revenueRevenue covered expenses this year.

6.23%of revenue went to management and office costs16.9% of expenses

$43.14in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $61,071 for JACQUELINE SPICER (PRESIDENT/CEO/BOARD OF REGENTS). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,759,291

Mission workProgram services$8,203,64630.66% of revenue83.1% of expenses

ManagementOffice and general costs$1,666,5746.23% of revenue16.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$16,889,07163.11% of revenueShown in gray on the chart

Total expenses$9,870,22036.89% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 36.89% of revenue

2023Expense mix: 86.5% mission · 13.5% management · 0.0% fundraisingTotal expenses: 55.25% of revenue

2022Expense mix: 86.8% mission · 13.2% management · 0.0% fundraisingTotal expenses: 53.60% of revenue

2021Expense mix: 82.5% mission · 17.5% management · 0.0% fundraisingTotal expenses: 39.26% of revenue

2020Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 50.12% of revenue

2019Expense mix: 93.9% mission · 6.1% management · 0.0% fundraisingTotal expenses: 92.25% of revenue

2018Expense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 38.74% of revenue

2017Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 67.85% of revenue

Money in and money out

Revenue$26,759,291

Expenses$9,870,220

Annual surplus $16,889,071 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,203,646 · 83.1% of expenses

Management and office costs$1,666,574 · 16.9% of expenses

See all reported dollar amounts

Revenue$26,759,291

Expenses$9,870,220

Assets$425,780,643

Income$80,268,826

Mission work (program services)$8,203,646

Grants given$60,420,262

Average grant$990,496

Management and general$1,666,574

Stocks and bonds$341,211,475

Investing fees$1,164,538

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JACQUELINE SPICERPRESIDENT/CEO/BOARD OF REGENTS · 1 hrs/week $61,071Base · Other $61,071

MICHAEL MOORETREASURER/CONTROLLER/BOARD OF REGENTS · 1 hrs/week $35,434Base · Other $35,434

DENISE BANNANSENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR · 1 hrs/week $27,459Base · Other $27,459

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

JACQUELINE SPICERPRESIDENT/CEO/BOARD OF REGENTS

MICHAEL MOORETREASURER/CONTROLLER/BOARD OF REGENTS

DENISE BANNANSENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR

BART DAIGFORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE

JAMES MARTINBOARD OF REGENTS

NATHAN DAVIDSONBOARD OF REGENTS

PAUL SCHLUCKEBIERBOARD OF REGENTS

SUSAN EBELINGTRUSTEE/BOARD OF REGENTS

About this charity

Recognized since: January 1991
Location: 1020 S WASHINGTON ST, OWOSSO, MI 48867
County: Shiawassee
In care of: MICHAEL MOORE
Primary officer: MICHAEL MOORE, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(989) 729-3437

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: REHMANN ROBSON LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes