JEWELL EDUCATIONAL FUND

EIN: 382958545 501(c)(3) Education

OWOSSO, MI

Total Revenue
$13,385,243
Total Expenses
$7,394,851
Total Assets
$405,269,502
Net Assets
$405,269,502
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MI
Principal Officer
JACQUELINE SPICER
Phone
9897293437
Tax Period
2023-09-01 to 2024-08-31

JEWELL EDUCATIONAL FUND, founded in 1990, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2023. The organization ran a surplus of $6.0M, a strong 45% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $13,385,243
Other Revenue $0
TOTAL REVENUE $13,385,243

Expense Breakdown

Grants Paid $6,396,035
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,396,035
Other Expenses $998,816
TOTAL EXPENSES $7,394,851

Year-over-Year Comparison

2023 2022 Change
Revenue $13,385,243 $13,698,138 0.0%
Expenses $7,394,851 $7,342,030 +0.0%
Net Income $5,990,392 $6,356,108 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$739,712
Total Directors
7
$739,712
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE BANNAN SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR 1.00
Officer Director
$0 $26,946 $83,527
SUSAN EBELING TRUSTEE/BOARD OF REGENTS 1.00
Director
$0 $0 $0
JAMES MARTIN BOARD OF REGENTS 1.00
Director
$0 $0 $0
MICHAEL MOORE TREASURER/CONTROLLER/BOARD OF REGENTS 1.00
Officer Director
$0 $47,144 $194,558
PAUL SCHLUCKEBIER BOARD OF REGENTS 1.00
Director
$0 $0 $0
JACQUELINE SPICER PRESIDENT/CEO/BOARD OF REGENTS 1.00
Officer Director
$0 $71,017 $461,627
NATHAN DAVIDSON BOARD OF REGENTS 1.00
Director
$0 $0 $0
BART DAIG FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE 0.00
$0 $18,012 $337,461
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,385,243 $7,394,851 $405,269,502 $5,990,392
2023 $13,698,138 $7,342,030 $362,332,794 $6,356,108
2022 $22,937,183 $9,004,632 $349,055,428 $13,932,551
2021 $18,985,075 $9,515,944 $398,993,901 $9,469,131
2020 $9,831,032 $9,068,933 $339,314,495 $762,099
2019 $24,199,090 $9,374,783 $324,342,046 $14,824,307
2018 $13,713,657 $9,305,280 $327,701,004 $4,408,377
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