Jewell Educational Fund
1020 S Washington St, Owosso, MI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $26,759,291 | $9,870,220 | $425,780,643 |
| FY2024 | $13,385,243 | $7,394,851 | $405,269,502 |
| FY2023 | $13,698,138 | $7,342,030 | $362,332,794 |
| FY2022 | $22,937,183 | $9,004,632 | $349,055,428 |
| FY2021 | $18,985,075 | $9,515,944 | $389,717,131 |
| FY2020 | $9,831,032 | $9,068,933 | $313,415,092 |
| FY2019 | $24,199,090 | $9,374,783 | $295,143,736 |
| FY2018 | $13,713,657 | $9,305,280 | $301,151,930 |
| FY2017 | $7,112,735 | $8,245,353 | $281,580,725 |
| FY2016 | $23,902,894 | $10,890,689 | $265,206,455 |
| FY2015 | $48,184,780 | $8,751,932 | $247,309,962 |
| FY2014 | $11,925,518 | $8,909,976 | $240,043,002 |
| FY2013 | $43,267,976 | $6,571,029 | $218,364,438 |
| FY2012 | $8,922,239 | $5,490,103 | $178,557,873 |
Form 990 filings
The returns filed by Jewell Educational Fund (EIN 38-2958545), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $0 | 0% |
| Other revenue | $26,759,291 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $8,203,646 | 83% |
| Management & general | $1,666,574 | 17% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 17%, and fundraising 0%.
- 83% of functional expenses went to program services in FY2025. That is higher than 52.4% of 63 Education organizations in MI.
- Net assets covered about 517.7 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 1365 Education organizations in MI.
- Total revenue was higher than 97.9% of 1396 Education organizations in MI.
- Total revenue rose from $8,922,239 in FY2012 to $26,759,291 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2017).
- The highest revenue on record here is $48,184,780 in FY2015.
- Net assets grew from $178,557,873 to $425,780,643 between FY2012 and FY2025.
- Contributions and grants made up 34% of revenue in FY2012 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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
IRS status
| Ruling year | 1991 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B82 — Education (in MI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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