Baker College Group Return
- Assets
- $153.7m
- Revenue
- $58.1m
- Investments
- $0.0
- Employees
- 1,277
- Location
- Owosso, MI
- Founding
- 12/1985
- Data as of
- 08/2022
- 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 08/2022, Baker College Group Return employed 1,277 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 08/2022, Baker College Group Return generated $58.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $87.6m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BAKER COLLEGE IS TO PROVIDE AN INCLUSIVE, INNOVATIVE, AND TRANSFORMATIVE EDUCATIONAL EXPERIENCE WHICH ALLOWS STUDENTS TO POSITIVELY IMPACT THEIR LIVES AND THE WORLD AROUND THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A 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 DOCTORATE DEGREES IN VARIOUS SERVICE AND TECHNICAL FIELDS. FOR THE 2021-22 FISCAL YEAR, BAKER COLLEGE HAD A TOTAL OF 4,792 STUDENTS WITH A TOTAL OF 98,741 CREDIT HOURS. AWARDED $7,609,718 IN SCHOLARSHIPS TO 3,363 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Shirley Trustee/board Of Regents | Trustee | 11 | $0 |
Alan Wise Board Of Regents/trustee | Trustee | 11 | $0 |
Bart Daig Board Of Regents/president Ceo/trustee | OfficerTrustee | 50 | $288,026 |
Dan Casey Trustee/board Of Regents | Trustee | 11 | $0 |
Denise Bannan Senior Associate/trustee/board Of Regents/chairper | OfficerTrustee | 50 | $169,575 |
Jim Teets Board Of Regents/trustee | Trustee | 11 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dell Marketing Lp Computer Services | 8/30/22 | $701,096 |
Gfj Bth Llc Dorm Rental | 8/30/22 | $322,000 |
Acoss Consulting Group Consulting | 8/30/22 | $250,000 |
Diamond Sports Intermediate Hold Media | 8/30/22 | $235,691 |
Ath Services Llc Consulting | 8/30/22 | $164,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,429,468 |
| Government grants | $12,035,059 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,417 |
| Noncash contributions included in lines 1a–1f | $93,417 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,557,944 |
| Total Program Service Revenue | $52,425,680 |
| Investment income | $1,273,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $306,476 |
| Net Gain/Loss on Asset Sales | -$15,549,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,098,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200 |
| Grants and other assistance to domestic individuals. | $7,609,718 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,647,520 |
| Compensation of current officers, directors, key employees. | $404,053 |
| Compensation to disqualified persons | $256,473 |
| Other salaries and wages | $28,290,805 |
| Pension plan accruals and contributions | $1,790,656 |
| Other employee benefits | $4,264,914 |
| Payroll taxes | $2,250,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,351 |
| Fees for services: Accounting | $389,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $240,108 |
| Fees for services: Other | $3,841,008 |
| Advertising and promotion | $5,804,526 |
| Office expenses | $3,571,147 |
| Information technology | $3,397,988 |
| Royalties | $0 |
| Occupancy | $2,493,660 |
| Travel | $205,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $449,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,366,601 |
| Insurance | $807,276 |
| All other expenses | $151,658 |
| Total functional expenses | $87,620,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,132 |
| Savings and temporary cash investments | $20,106,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,033 |
| Prepaid expenses and deferred charges | $1,051,910 |
| Net Land, buildings, and equipment | $89,897,749 |
| Investments—publicly traded securities | $41,724,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $107,468 |
| Other assets | $0 |
| Total assets | $153,733,199 |
| Accounts payable and accrued expenses | $9,304,051 |
| 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 | $17,791,088 |
| Total liabilities | $27,095,139 |
| Net assets without donor restrictions | $121,746,875 |
| Net assets with donor restrictions | $4,891,185 |
| 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 | $153,733,199 |