Baker College Group Return
- Assets
- $184.1m
- Revenue
- $81.4m
- Investments
- $0.0
- Employees
- 1,713
- Location
- Owosso, MI
- Founding
- 12/1985
- Data as of
- 08/2021
- EIN
- 83-0686168
Organization Overview
Baker College Group Return is located in Owosso, MI. The organization was established in 1985. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2021, Baker College Group Return employed 1,713 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Baker College Group Return is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Baker College Group Return generated $81.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $106.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HIGHER EDUCATION AND TRAINING WHICH ENABLES GRADUATES TO BE SUCCESSFUL THROUGHOUT CHALLENGING AND REWARDING CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. BAKER COLLEGE SUBORDINATE ORGANIZATIONS PROVIDE CERTIFICATE, ASSOCIATE, BACHELOR, MASTER, AND DORTORATE DEGREES IN VARIOUS SERVICE AND TECHNICAL FIELDS. FOR THE 2020-21 FISCAL YEAR, BAKER COLLEGE HAD A TOTAL OF 6,654 STUDENTS WITH A TOTAL OF 122,678 CREDIT HOURS. AWARDED $9,060,483 IN SCHOLARSHIPS TO 4,237 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Daig Board Of Regents/president/trustee | OfficerTrustee | 50 | $275,322 |
Jill Langen President-St Francis/provost | Officer | 40 | $227,554 |
Jacqueline Spicer COO | Officer | 40 | $226,108 |
Denise Bannan Hlc Accreditation Liaison Ofcr | OfficerTrustee | 40 | $218,120 |
F James Cummins Board Of Regents/chairman/secretary/trustee | OfficerTrustee | 20 | $208,758 |
Aaron Maike President - Muskegon | OfficerTrustee | 40 | $192,475 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ath Services Llc Consulting | 8/30/21 | $131,334 |
Dell Marketing Lp Computer Services | 8/30/21 | $307,974 |
H&h Lawn Svc & Snowplowing Llc Lawn & Snow | 8/30/21 | $111,787 |
Gfj Bth Llc Dorm Rental | 8/30/21 | $600,000 |
Enrollment Rx Llc Admissions Mgt Software | 8/30/21 | $135,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,910,042 |
| Government grants | $21,086,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,126,419 |
| Total Program Service Revenue | $67,091,524 |
| Investment income | $1,198,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $291,117 |
| Net Gain/Loss on Asset Sales | -$17,401,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,403,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,197 |
| Grants and other assistance to domestic individuals. | $9,060,483 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,184,920 |
| Compensation of current officers, directors, key employees. | $1,402,296 |
| Compensation to disqualified persons | $272,719 |
| Other salaries and wages | $29,802,688 |
| Pension plan accruals and contributions | $1,869,450 |
| Other employee benefits | $5,716,865 |
| Payroll taxes | $2,460,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $314,494 |
| Fees for services: Accounting | $396,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $199,756 |
| Fees for services: Other | $4,279,911 |
| Advertising and promotion | $8,175,795 |
| Office expenses | $2,433,098 |
| Information technology | $4,506,750 |
| Royalties | $0 |
| Occupancy | $3,030,178 |
| Travel | $163,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310,313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,546,009 |
| Insurance | $765,134 |
| All other expenses | -$322,081 |
| Total functional expenses | $106,508,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,031 |
| Savings and temporary cash investments | $21,359,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,401,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,532 |
| Prepaid expenses and deferred charges | $752,042 |
| Net Land, buildings, and equipment | $102,598,617 |
| Investments—publicly traded securities | $48,600,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $107,468 |
| Other assets | $8,196,711 |
| Total assets | $184,080,723 |
| Accounts payable and accrued expenses | $11,776,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,899,908 |
| Total liabilities | $29,676,861 |
| Net assets without donor restrictions | $148,676,250 |
| Net assets with donor restrictions | $5,727,612 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $184,080,723 |
Endowment Analysis
| Beg. Balance | $4,866,855 |
| Earnings | $1,000,061 |
| Grants | $166,448 |
| Ending Balance | $5,700,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herzing University Ltd Milwaukee, WI | $145,438,947 | $172,534,723 |
Baker College Group Return Owosso, MI | $184,080,723 | $81,403,450 |
Christel House Academy Inc Indianapolis, IN | $13,789,684 | $29,066,462 |
Strategic Ohio Council For Higher E Ducation Beavercreek, OH | $6,812,573 | $4,928,002 |
Puritan Reformed Theological Seminary Grand Rapids, MI | $13,368,431 | $7,247,093 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Grand Valley University Foundation Allendale, MI | $3,517,597 | $1,567,995 |
Stem Academy Inc Brookfield, WI | $965,909 | $785,708 |
Michigan Integrated Food & Farming Systems East Lansing, MI | $79,493 | $348,981 |
Physicians Leadership Academy Columbus, OH | $180,323 | $346,500 |
Northeast Ohio Council On Higher Education Independence, OH | $42,855 | $358,439 |