Overview
What is Jewell Educational Fund?
The Jewell Educational Fund is a nonprofit organization located in Owosso, Michigan, with the address 1020 S Washington St, 48867. Their primary role involves providing operational support to Baker College and its subsidiaries. This assistance is allocated towards various initiatives, such as scholarships for academically qualified and financially needy students, capital improvements, educationally related projects, research and training by faculty, joint ventures with other educational organizations, and community purposes. The Fund has contributed significantly to Baker College, granting tuition discounts amounting to $7,395,468 to 3,251 eligible students since its inception.
Official website here: www.baker.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Jewell Educational Fund has received a strong rating of 96%, reflecting its commitment to accountability and financial transparency. The charity's score is derived entirely from its Accountability & Finance beacon, indicating a robust framework for managing funds and resources. This high rating signifies that the organization meets and exceeds industry standards in maintaining financial integrity.
One notable strength of the Jewell Educational Fund is the composition of its board, with 57% independent members, ensuring unbiased governance. The organization also scores full points in various areas, such as financial oversight, conflict of interest policy, and program expense ratio, which stands at an impressive 87.82%. This indicates that a significant portion of its expenses goes directly to its programs, demonstrating effective resource allocation.
While the data showcases several strengths, it is important for potential donors and stakeholders to consider continuous monitoring of the organization’s impact and programs. No specific limitations were noted in the available data, but as with any nonprofit, ongoing evaluation of their initiatives and financial health is essential for sustained trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Jewell Educational Fund legitimate?
Jewell Educational Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewell Educational Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.baker.edu
What is the mission statement of Jewell Educational Fund?
The Jewell Educational Fund supports Baker College and its subsidiaries by providing operational funding for various initiatives. This includes scholarships for academically qualified students and those with demonstrated financial need, capital improvements, educational projects, research and faculty training, joint ventures with other educational organizations, and initiatives aligned with the college's community purposes.
Official website here: www.baker.edu
Who is the CEO of Jewell Educational Fund?
Jacqueline Spicer is the Coo/Board Of Regents of Jewell Educational Fund. The CEO's salary of Jewell Educational Fund is $0 and their total compensation is $403,487.
Official website here: www.baker.edu
What is the revenue of Jewell Educational Fund?
Jewell Educational Fund's revenue in 2022 was $22,937,183.
Official website here: www.baker.edu
Who are the executives of Jewell Educational Fund and what are their salaries?
There 3 volunteers at Jewell Educational Fund.
Here are 8 key members and their salaries (Jewell Educational Fund's CEO's salary is $0 and their total compensation is $403,487):
- Compensation: $0
- Related: $169,575
- Other: $38,495
- Compensation: $0
- Related: $22,961
- Other: $31,613
- Compensation: $0
- Related: $288,026
- Other: $115,461
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $145,330
- Other: $48,118
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $236,908
- Other: $81,551
Official website here: www.baker.edu
Where can I find the form 990 for Jewell Educational Fund?
Jewell Educational Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baker.edu
Learn more at the official website: www.baker.edu
Mission Statement of Jewell Educational Fund
The Jewell Educational Fund is a philanthropic organization that offers operational support to Baker College and its subsidiaries. This backing enables the institution and its affiliates to fund several initiatives geared towards academic growth and financial assistance, capital improvements, educationally-related projects, faculty research and training, collaborative projects with other educational organizations, and community endeavors.
In essence, the Jewell Educational Fund plays a crucial role in expanding opportunities for academically qualified students and those demonstrating financial need, granting them access to scholarships. Furthermore, the organization invests in the enhancement and development of facilities, fostering an environment conducive to learning. The Fund also supports various educational projects and research efforts undertaken by the college or its subsidiaries, facilitating advancements in knowledge and innovation. Additionally, the organization encourages collaboration with other educational institutions to broaden the scope of educational opportunities. All in all, the Jewell Educational Fund contributes significantly to Baker College's mission to provide quality education and foster growth within its community.
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Impact
October, 2024
The Jewell Educational Fund has a significant impact on education by providing crucial financial support to Baker College and its subsidiaries. Through its efforts, the Fund has directly contributed over $7 million in financial assistance, enabling 3,251 eligible students to access tuition discounts. This support is vital for academically qualified students, particularly those facing financial challenges, fostering an environment where higher education is more attainable.
In addition to scholarships, the Fund supports capital improvements and various educational projects that benefit the college community. It invests in research and training for faculty, enhancing the overall quality of education provided to students. By participating in joint ventures with other educational organizations, the Jewell Educational Fund promotes collaborative learning and resources, further enriching the academic ecosystem.
Overall, the impact of the Jewell Educational Fund is far-reaching, facilitating educational opportunities, improving institutional resources, and nurturing a thriving learning environment for students and faculty alike.
This information is meant to be a general summary of Jewell Educational Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,937,183
- Gross Receipts: $102,710,574
Assets and Liabilities:
- Total Assets: $349,055,428
- Total Liabilities: $0
- Net Assets: $349,055,428
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Organization Details
Founding Year
1990
Phone
(989) 729-3437Principal Officer
Jacqueline Spicer
Main Address
1020 S WASHINGTON ST, OWOSSO, MI, 48867
Website
www.baker.eduNTEE Category
Code: B82 - Education
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