Baker College Group Return FY2021 filing

Owosso, MIHigher education institutionSince 1986 EIN 83-0686168Revenue $81.4M in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSbaker.eduOwosso, MI

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Provide quality higher education and training which enables graduates to be successful throughout challenging and rewarding careers.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-0686168) · Dispute this line
87¢ of each $1 spent went to programs.
$4.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $28.7M a year · 39% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.2M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
2.4 mo
of spending, in cash
Plus $48.6M in investments, Pt X · Ln 11–13
2.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29.7M
16% of total assets
Liabilities are 16% of assets.
Pt X · Ln 26
Independent board members
68
of 101 voting members
68 of 101 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$81.4M
-2% vs prior year
Spent
$106.5M
To programs
87%
Net assets
$154.4M
By yearFY2020–FY2022
Revenue
$81.4M
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$82.9M
FY2021$81.4M
FY2022$58.1M
Expenses
$106.5M
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$114.4M
FY2021$106.5M
FY2022$87.6M
Net assets
$154.4M
FY2021▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$197.2M
FY2021$154.4M
FY2022$126.6M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $92.4M Management & general 13% · $14.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

64 people listed on the 990; $4.2M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Board of Regents/President/Trustee
$275,322Pt VII · Sec A
President-St Francis/Provost
$227,554Pt VII · Sec A
$226,108Pt VII · Sec A
Hlc Accreditation Liaison Ofcr
$218,120Pt VII · Sec A
Board of Regents/Chairman/Secretary/Trustee
$208,758Pt VII · Sec A
President - Muskegon
$192,475Pt VII · Sec A
President - Auburn Hills
$192,217Pt VII · Sec A
Adjunct Fac- Instructor
$180,801Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Bart Daig$288,026$275,322$284,972
Denise Bannan$169,575$218,120$258,180
Jacqueline Spicer$236,908$226,108$237,658
Jill Langen$233,289$227,554$220,269
F James Cummins—$208,758$202,181
Patricia Kaufman—$180,801$203,070
Aaron Maike$197,449$192,475$199,454
Peter Karsten$192,865$192,217$195,996

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Baker College Group Return executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides accredited online and on-campus higher education, offering degrees from certificates to doctorates and millions in scholarships to students in Michigan and worldwide.

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1 program · $92.4M · in their own filed words · FY2020
01

The largest private college in michigan, baker college is accredited by the higher learning commission and is a member of HLC. Baker college is a non-profit higher education institution, serving students at locations throughout michigan and online worldwide.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-0686168) · Dispute this line
$92.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 108 grants · $25.4M · 2019–2021
Unitemized GrantFY2021$1,825,833
Unitemized GrantFY2021$1,478,743
Unitemized GrantFY2021$915,984
Unitemized GrantFY2021$735,225
Unitemized GrantFY2021$670,450
Unitemized GrantFY2021$437,000
Unitemized GrantFY2021$310,760
Unitemized GrantFY2021$168,000
Unitemized GrantFY2021$112,500
Unitemized GrantFY2021$108,420
Unitemized GrantFY2021$102,200
Unitemized GrantFY2021$93,378
Unitemized GrantFY2021$92,060
Unitemized GrantFY2021$82,608
Unitemized GrantFY2021$79,200
Unitemized GrantFY2021$52,550
Unitemized GrantFY2021$47,328
Unitemized GrantFY2021$46,680
See all 108 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$81.4M
Ln 12
Fees for servicesLn 2g$67.1M
Gifts and grantsLn 1h$30.1M
Investment incomeLn 3$1.2M
Money outPt IX
$106.5M
Ln 25
Programscol B$92.4M
Managementcol C$14.1M
Owns and owesPt X
$154.4M
net assets · Ln 32
Cash and savingsLn 1–2$21.4M
Total assetsLn 16$184.1M
LiabilitiesLn 26$29.7M
PeoplePt VI, VII
64
listed · VII A
PaidVII A28
Voting boardVI 1a101
IndependentVI 1b68
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30.1M
Government grantsLn 1e$21.1M
Fees for servicesLn 2g$67.1M
Investment incomeLn 3$1.2M
Gains on assetsLn 7−$17.4M
Total revenueLn 12$81.4M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$21.4M
Cash and savings togetherLn 1–2$21.4M
Accounts receivableLn 4$2.4M
Inventories for sale or useLn 8$61K
Prepaid expenses and deferred chargesLn 9$752K
Land, buildings, equipmentLn 10c$102.6M
InvestmentsLn 11–13$48.6M
Intangible assetsLn 14$107K
Other assetsLn 15$8.2M
Total assetsLn 16$184.1M
LiabilitiesLn 26$29.7M
Net assetsLn 32$154.4M
OperationsPt I, VI
EmployeesI 52,152
VolunteersI 663
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$130K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$200K
Share of the $5.7M endowmentSch D 1g3.5%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$5.7M$4.9M$4.5M$3.9M$3.7M
AddedLn 1b$609K
SpentLn 1d–1f$166K$102K$40K$118K$56K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$19.3M$21.4M
InvestmentsLn 11–13$40.4M$48.6M
Land, buildings, equipmentLn 10c$138.4M$102.6M
Total assetsLn 16$225.0M$184.1M
LiabilitiesLn 26$27.8M$29.7M
Net assetsLn 32$197.2M$154.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Grants to domestic individualsLn 2$9.1M$9.1M
Pay of officers and key staff (Part IX, line 5)Ln 5$3.2M$1.8M$1.4M
Pay of disqualified personsLn 6$273K$269K$3K
Other salaries and wagesLn 7$29.8M$27.2M$2.6M
Pension plan contributionsLn 8$1.9M$1.6M$250K
Other employee benefitsLn 9$5.7M$5.0M$683K
Payroll taxesLn 10$2.5M$2.2M$288K
Legal feesLn 11b$314K$314K
Accounting feesLn 11c$397K$397K
Investment management feesLn 11f$200K$200K
Other fees for servicesLn 11g$4.3M$2.1M$2.1M
Advertising and promotionLn 12$8.2M$8.1M$80K
Office expensesLn 13$2.4M$1.9M$517K
Information technologyLn 14$4.5M$3.9M$558K
OccupancyLn 16$3.0M$1.9M$1.1M
TravelLn 17$164K$69K$95K
Conferences, conventions and meetingsLn 19$310K$227K$83K
Depreciation, depletion and amortizationLn 22$7.5M$4.5M$3.0M
InsuranceLn 23$765K$727K$38K
Other expenses (24a–d)Ln 24$22.3M$22.0M$326K
All other expensesLn 24e−$322K−$343K$21K
Total functional expensesLn 25$106.5M$92.4M$14.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Jun 29, 2023 $58.1M$87.6M−$29.5M$126.6M 990 PDF
FY2021 ViewingFiled with the IRS Jun 14, 2022 $81.4M$106.5M−$25.1M$154.4M 990 PDF
FY2020Filed with the IRS Jun 22, 2021 $82.9M$114.4M−$31.5M$197.2M 990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $81,403,450 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,484,349$30,126,419
I-9 Program service revenuePrior year $67,796,942$67,091,524
I-10 Investment incomePrior year $2,091,431−$16,203,576
I-11 Other revenuePrior year $493,311$389,083
I-12 Total revenuePrior year $82,866,033$81,403,450
I-13 Grants and similar amounts paidPrior year $8,661,214$9,113,680
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $61,406,727$43,307,357
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,293,152$54,087,699
I-18 Total expensesPrior year $114,361,093$106,508,736
I-19 Revenue less expensesPrior year −$31,495,060−$25,105,286
Part VI · Governance 68 of 101 board members independent, no flags
VI-1a Voting members of the governing body101
VI-1b Independent voting members68
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $81,403,450 across 10 lines filed
VIII-1d Related organizations$8,910,042
VIII-1e Government grants$21,086,532
VIII-1f All other contributions, gifts and grants$129,845
VIII-1h Total contributions, gifts and grants$30,126,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,091,524$67,091,524
VIII-3 Investment incomeExcluded from tax $1,198,181$1,198,181
VIII-6 Net rental income or lossExcluded from tax $291,117$291,117
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$17,401,757−$17,401,757
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $95,693 · Excluded from tax $2,273$97,966
VIII-12 Total revenueRelated to mission $67,187,217 · Unrelated business $0 · Excluded from tax −$15,910,186$81,403,450
Part IX · Statement of functional expenses $106,508,736 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $53,197$53,197
IX-2 Grants to domestic individualsPrograms $9,060,483$9,060,483
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $1,782,624 · Management $1,402,296$3,184,920
IX-6 Pay of disqualified personsPrograms $269,236 · Management $3,483$272,719
IX-7 Other salaries and wagesPrograms $27,194,410 · Management $2,608,278$29,802,688
IX-8 Pension plan contributionsPrograms $1,619,714 · Management $249,736$1,869,450
IX-9 Other employee benefitsPrograms $5,034,078 · Management $682,787$5,716,865
IX-10 Payroll taxesPrograms $2,172,650 · Management $288,065$2,460,715
IX-11b Legal feesManagement $314,494$314,494
IX-11c Accounting feesManagement $396,874$396,874
IX-11f Investment management feesManagement $199,756$199,756
IX-11g Other fees for servicesPrograms $2,142,303 · Management $2,137,608$4,279,911
IX-12 Advertising and promotionPrograms $8,095,395 · Management $80,400$8,175,795
IX-13 Office expensesPrograms $1,915,606 · Management $517,492$2,433,098
IX-14 Information technologyPrograms $3,949,055 · Management $557,695$4,506,750
IX-16 OccupancyPrograms $1,938,346 · Management $1,091,832$3,030,178
IX-17 TravelPrograms $69,463 · Management $94,535$163,998
IX-19 Conferences, conventions and meetingsPrograms $227,178 · Management $83,135$310,313
IX-22 Depreciation, depletion and amortizationPrograms $4,549,955 · Management $2,996,054$7,546,009
IX-23 InsurancePrograms $726,901 · Management $38,233$765,134
IX-24 Other expenses (24a–d)Programs $21,961,024 · Management $326,446$22,287,470
IX-24e All other expensesPrograms −$343,135 · Management $21,054−$322,081
IX-25 Total functional expensesPrograms $92,418,483 · Management $14,090,253 · Fundraising $0$106,508,736
Part X · Balance sheet $184,080,723 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,050$4,031
X-2 Savings and temporary cash investmentsStart of year $19,340,114$21,359,587
X-4 Accounts receivableStart of year $1,118,769$2,401,110
X-8 Inventories for sale or useStart of year $52,490$60,532
X-9 Prepaid expenses and deferred chargesStart of year $597,020$752,042
X-10c Land, buildings and equipment, netStart of year $138,399,812$102,598,617
X-11 Publicly traded securitiesStart of year $40,428,597$48,600,625
X-14 Intangible assetsStart of year $107,468$107,468
X-15 Other assetsStart of year $24,924,195$8,196,711
X-16 Total assetsStart of year $224,972,515$184,080,723
X-17 Accounts payable and accrued expensesStart of year $9,625,653$11,776,953
X-25 Other liabilitiesStart of year $18,133,516$17,899,908
X-26 Total liabilitiesStart of year $27,759,169$29,676,861
X-27 Net assets without donor restrictionsStart of year $192,448,543$148,676,250
X-28 Net assets with donor restrictionsStart of year $4,764,803$5,727,612
X-32 Total net assets or fund balancesStart of year $197,213,346$154,403,862
X-33 Total liabilities and net assetsStart of year $224,972,515$184,080,723
Part XI · Reconciliation of net assets $154,403,862 net assets at year end
XI-1 Total revenue$81,403,450
XI-2 Total expenses$106,508,736
XI-3 Revenue less expenses−$25,105,286
XI-4 Net assets at start of year$197,213,346
XI-5 Net unrealized gains (losses) on investments$6,665,924
XI-9 Other changes in net assets−$24,370,122
XI-10 Net assets at end of year$154,403,862

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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