Skip to content
ProPublica Donate
ProPublica Donate

Jewell Educational Fund

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$13.7M (2023)

Expenses
$7.34M (2023)

Total Assets
$362M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,698,138
Expenses
$7,342,030
Net Income
$6,356,108
Net Assets
$362,332,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,119,487
52.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,578,651
48.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $362,332,794
Total Liabilities $0
Net Assets $362,332,794
Compensation
Key Employees and Officers Compensation Related Other
F James Cummins (Former Board Of Regents/Chairperson/Trustee) $16,000 $0 $0
Denise Bannan (Senior Associate/Trustee/Board Of Regents/Secretar) $0 $55,000 $24,921
Susan Ebeling (Trustee/Board Of Regents) $0 $0 $0
James Martin (Board Of Regents) $0 $0 $0
Michael Moore (Treasurer/Controller/Board Of Regents) $0 $142,530 $44,354
Paul Schluckebier (Board Of Regents) $0 $0 $0
Jacqueline Spicer (President/Ceo/Board Of Regents) $0 $280,888 $51,650
Nathan Davidson (Board Of Regents) $0 $0 $0
Bart Daig (Former Board Of Regents/President Ceo/Trustee) $0 $339,907 $43,329

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,937,183
Expenses
$9,004,632
Net Income
$13,932,551
Net Assets
$349,055,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,284,815
44.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,652,368
55.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $349,055,428
Total Liabilities $0
Net Assets $349,055,428
Compensation
Key Employees and Officers Compensation Related Other
Denise Bannan (Senior Associate/Trustee/Board Of Regents/Chairper) $0 $169,575 $38,495
F James Cummins (President Jef Board) $0 $22,961 $31,613
Bart Daig (Board Of Regents/President Ceo/Trustee) $0 $288,026 $115,461
Susan Ebeling (Trustee/Board Of Regents) $0 $0 $0
James Martin (Board Of Regents) $0 $0 $0
Michael Moore (Secretary/Treasurer/Controller) $0 $145,330 $48,118
Paul Schluckebier (Board Of Regents) $0 $0 $0
Jacqueline Spicer (Coo/Board Of Regents) $0 $236,908 $81,551

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,985,075
Expenses
$9,515,944
Net Income
$9,469,131
Net Assets
$389,717,131
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,914,521
36.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,067,870
63.6%
Net Inventory Sales $0
Other Revenue $2,684
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $398,993,901
Total Liabilities $9,276,770
Net Assets $389,717,131
Compensation
Key Employees and Officers Compensation Related Other
Denise Bannan (Hlc Accreditation Liaison Ofcr) $0 $218,120 $47,343
F James Cummins (Board Of Regents/Chairman/Secretary/Trustee) $0 $208,758 $31,460
Bart Daig (Board Of Regents/President/Trustee) $0 $275,322 $112,908
Susan Ebeling (Trustee/Board Of Regents) $0 $0 $0
James Martin (Board Of Regents) $0 $0 $0
Michael Moore (Treasurer/Controller) $0 $139,730 $45,142
Paul Schluckebier (Board Of Regents) $0 $0 $0
Jacqueline Spicer (Coo) $0 $226,108 $80,798

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,831,032
Expenses
$9,068,933
Net Income
$762,099
Net Assets
$313,415,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,658,970
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$827,978
Net Inventory Sales $0
Other Revenue $40
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $339,314,495
Total Liabilities $25,899,403
Net Assets $313,415,092
Compensation
Key Employees and Officers Compensation Related Other
Michael Moore (Treasurer/Controller) $0 $139,730 $43,326
Wayne Schaeffer (Board Of Regents) $0 $0 $0
Paul Schluckebier (Board Of Regents) $0 $0 $0
Denise Bannan (Provost/President Owosso) $0 $258,180 $48,986
F James Cummins (Board Of Regents/Chairman/Secretary/Trustee) $0 $202,181 $29,903
Bart Daig (Board Of Regents/President/Trustee) $0 $284,972 $111,351
Susan Ebeling (Trustee/Board Of Regents) $0 $0 $0
James Martin (Board Of Regents) $0 $0 $0
Jacqueline Spicer (Coo) $0 $237,658 $76,941

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,199,090
Expenses
$9,374,783
Net Income
$14,824,307
Net Assets
$295,143,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $21,349,495
88.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,846,002
11.8%
Net Inventory Sales $0
Other Revenue $3,593
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $324,342,046
Total Liabilities $29,198,310
Net Assets $295,143,736
Compensation
Key Employees and Officers Compensation Related Other
F James Cummins (Board Of Regents/Chairman/Secretary/Trustee) $0 $208,426 $29,504
Bart Daig (Board Of Regents/President/Trustee) $0 $278,487 $109,219
Susan Ebeling (Trustee/Board Of Regents) $0 $0 $0
Wendy Hemingway (President Flint/Board Of Directors) $0 $199,460 $65,798
Robert Jewell (Board Of Regents) $0 $0 $10,450
Meriam Leeke (Board Of Directors) $0 $0 $0
Michael Moore (Treasurer/Controller) $0 $139,730 $40,841
Wayne Schaeffer (Board Of Regents) $0 $0 $0
Paul Schluckebier (Board Of Regents) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,713,657
Expenses
$9,305,280
Net Income
$4,408,377
Net Assets
$301,151,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $150
0.0%
Program Services $0
Investment Income $3,947,213
28.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,766,294
71.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $327,701,004
Total Liabilities $26,549,074
Net Assets $301,151,930
Compensation
Key Employees and Officers Compensation Related Other
Robert Jewell (Board Of Directors & Presi) $0 $0 $0
Wendy Hemingway (Board Of Directors) $0 $209,604 $50,348
F James Cummins (Board Of Directors, Vp) $0 $216,247 $29,601
Bart Daig (Board Of Directors) $0 $291,036 $111,448
Susan Ebeling (Board Of Directors) $0 $0 $0
Paul Schluckebier (Board Of Directors) $0 $0 $0
Meriam Leeke (Board Of Directors) $0 $0 $0
Wayne Schaeffer (Board Of Directors) $0 $0 $0
Michael Moore (Board Of Dir,Secy/Treas A/) $0 $145,115 $43,440

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,112,735
Expenses
$8,245,353
Net Income
-$1,132,618
Net Assets
$281,580,725
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,350
0.2%
Program Services $0
Investment Income $3,108,402
43.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,992,983
56.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $299,698,076
Total Liabilities $18,117,351
Net Assets $281,580,725
Compensation
Key Employees and Officers Compensation Related Other
Robert Jewell (Board Of Directors & President) $0 $0 $0
Wendy Hemingway (Board Of Dir,Secy/Treas Til 5/2017) $0 $215,228 $44,233
F James Cummins (Board Of Directors, Vp) $0 $292,005 $27,313
Bart Daig (Board Of Directors) $0 $299,583 $106,360
Susan Ebeling (Board Of Directors) $0 $0 $0
Jack Ennest (Board Of Directors Until 5/2017) $0 $0 $0
Meriam Leeke (Board Of Directors) $0 $0 $0
Wayne Schaeffer (Board Of Directors) $0 $0 $0
Michael Moore (Board Of Dir,Secy/Treas A/O 5/2017) $0 $132,077 $35,693

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,902,894
Expenses
$10,890,689
Net Income
$13,012,205
Net Assets
$265,206,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,011,040
58.6%
Program Services $0
Investment Income $2,200,953
9.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,485,873
23.0%
Net Inventory Sales $0
Other Revenue $2,205,028
9.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $280,963,650
Total Liabilities $15,757,195
Net Assets $265,206,455
Compensation
Key Employees and Officers Compensation Related Other
Wendy Hemingway (Board Of Directors&Treasurer/Secretary) $0 $203,229 $42,871
Edward Kurtz (Board Of Directors & V.P. (Partial)) $0 $69,691 $27,465
Robert Jewell (Board Of Directors & President) $0 $0 $0
F James Cummins (Board Of Directors) $0 $423,110 $46,219
Bart Daig (Board Of Directors) $0 $276,518 $72,106
Susan Ebeling (Board Of Directors) $0 $0 $0
Jack Ennest (Board Of Directors) $0 $0 $0
Meriam Leeke (Board Of Directors) $0 $0 $0
Wayne Schaeffer (Board Of Directors) $0 $0 $0
Tiffany Davis (Former Board Of Directors&Treas./Secr.) $0 $188,795 $34,726

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,184,780
Expenses
$8,751,932
Net Income
$39,432,848
Net Assets
$247,309,962
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,525,516
44.7%
Program Services $0
Investment Income $3,146,126
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,737,514
47.2%
Net Inventory Sales $0
Other Revenue $775,624
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $247,309,962
Total Liabilities $0
Net Assets $247,309,962
Compensation
Key Employees and Officers Compensation Related Other
Robert Jewell (Board Of Directors & President) $0 $0 $0
Edward Kurtz (Board Of Directors & Vice President) $0 $74,722 $28,640
Wendy Hemingway (Board Of Directors&Treasurer/Sec (Partial)) $0 $188,976 $42,687
Tiffany Davis (Board Of Directors&Treas./Secr.(Partial)) $0 $211,867 $42,873
F James Cummins (Board Of Directors) $0 $366,663 $47,230
Bart Daig (Board Of Directors) $0 $252,894 $41,628
Susan Ebeling (Board Of Directors) $0 $0 $0
Jack Ennest (Board Of Directors) $0 $0 $0
Meriam Leeke (Board Of Directors) $0 $0 $0
Wayne Schaeffer (Board Of Directors) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,925,518
Expenses
$8,909,976
Net Income
$3,015,542
Net Assets
$240,043,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,509,413
12.7%
Program Services $0
Investment Income $5,153,720
43.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,262,331
44.1%
Net Inventory Sales $0
Other Revenue $54
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $246,619,610
Total Liabilities $6,576,608
Net Assets $240,043,002
Compensation
Key Employees and Officers Compensation Related Other
Edward Kurtz (Board Of Directors & Vice President) $0 $118,055 $29,713
Robert Jewell (Board Of Directors & President) $0 $0 $0
Tiffany Davis (Board Of Directors & Treas./Secr.) $0 $199,037 $38,382
Daniel Thill (Board Of Directors (Partial)) $0 $0 $0
F James Cummins (Board Of Directors) $0 $360,551 $102,490
Jack Ennest (Board Of Directors) $0 $0 $0
Meriam Leeke (Board Of Directors) $0 $0 $0
Susan Ebeling (Board Of Directors) $0 $0 $0
Wayne Schaeffer (Board Of Directors) $0 $0 $0
Wendy Hemingway (Board Of Directors) $0 $15,532 $4,772

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,267,976
Expenses
$6,571,029
Net Income
$36,696,947
Net Assets
$218,364,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,113,994
74.2%
Program Services $0
Investment Income $3,872,527
9.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,281,294
16.8%
Net Inventory Sales $0
Other Revenue $161
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $218,659,579
Total Liabilities $295,141
Net Assets $218,364,438

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,922,239
Expenses
$5,490,103
Net Income
$3,432,136
Net Assets
$178,557,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,006,312
33.7%
Program Services $0
Investment Income $2,900,890
32.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,001,709
33.6%
Net Inventory Sales $0
Other Revenue $13,328
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $178,743,988
Total Liabilities $186,115
Net Assets $178,557,873

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,650,660
Expenses
$4,490,785
Net Income
$20,159,875
Net Assets
$172,262,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,015,082
81.2%
Program Services $0
Investment Income $2,452,847
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,182,731
8.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $172,443,888
Total Liabilities $181,589
Net Assets $172,262,299

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »