Civic Intelligence

Northeastern Baptist College Inc.

990 • Fiscal year 2020 • EIN 27-1975049

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 04, 2020

104 Kocher DriveBennington, VT 05201

(802) 753-7233

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

92nd percentile

93%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

95%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,038,045

Up $982,300 (+93%) from 2019

Net Assets

Up

$2,033,810

Up $981,950 (+93%) from 2019

Liabilities

Up

$4,235

Up $350 (+9.0%) from 2019

Revenue

Up

$2,584,774

Up $1,261,949 (+95%) from 2019

Expenses

Up

$1,602,824

Up $499,968 (+45%) from 2019

Net Income

Up

$981,950

Up $761,981 (+346%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $4,908Net Assets 2012: $4,9082012Assets 2019: $1,055,745Liabilities 2019: $3,885Net Assets 2019: $1,051,8602019Assets 2020: $2,038,045Liabilities 2020: $4,235Net Assets 2020: $2,033,8102020Assets 2021: $2,620,296Liabilities 2021: $2,927,541Net Assets 2021: -$307,2452021Assets 2022: $3,088,424Liabilities 2022: $3,299,303Net Assets 2022: -$210,8792022

Highlighted filing

2020

Assets$2,038,045
Liabilities$4,235
Net Assets$2,033,810

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2012: $194,640Expenses 2012: $189,754Net Income 2012: $4,8862012Revenue 2019: $1,322,825Expenses 2019: $1,102,856Net Income 2019: $219,9692019Revenue 2020: $2,584,774Expenses 2020: $1,602,824Net Income 2020: $981,9502020Revenue 2021: $2,529,880Expenses 2021: $2,140,424Net Income 2021: $389,4562021Revenue 2022: $2,794,978Expenses 2022: $2,275,524Net Income 2022: $519,4542022

Highlighted filing

2020

Revenue$2,584,774
Expenses$1,602,824
Net Income$981,950
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 4, 2020
Return Version
2019v5.0
Gross Receipts
$2,584,774
Mission and Program Overview

Mission

NEBC's mission is to impact the Northeast, the United States, and the world by training students to have The Mind of a Scholar, The Heart of a Shepherd, and The Perseverance of a Soldier through the provision of a college education with a biblical foundation and a distinctive blend of academic excellence and practical mentoring.

Organization which provides college level degrees in Biblical Studies, Business, Counseling, and Christian Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$920,981$1,024,211▲ $103,230
Cash and Non-Interest-Bearing Accounts$115,014$608,353▲ $493,339
Investments in Publicly Traded Securities$19,650$0▼ $19,650
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,055,745$2,038,045▲ $982,300
Other Assets Total$100$405,481▲ $405,381
Liabilities
Other Liabilities$3,885$2,723▼ $1,162
Accounts Payable and Accrued Expenses-$1,512-
Total Liabilities$3,885$4,235▲ $350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,051,860$2,033,810▲ $981,950
Total Net Assets Fund Balance$1,051,860$2,033,810▲ $981,950
Total Liabilities and Net Assets / Fund Balance$1,055,745$2,038,045▲ $982,300

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$967,539$120,958$1,088,497
Equipment$42,711$2,248$44,959
Other Land Buildings$9,961$1,590$11,551
Land$4,000-$4,000
Other Assets Org$15,195--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phil WaldrepTrustee-Chair
Candi FinchTrustee
Chaplain Raja KandanadaTrustee
Ellen McLeanTrustee
Randolph KnepperTrustee
Ronald SmithTrustee
Stephen RummageTrustee
Ronald PoitrasTrustee-Secreta
Doug EcholsTrustee-Vice Ch
Revenue and Support

Revenue Composition

Contributions and Grants
$2,143,633
Program Service Revenue
$439,010
Investment Income
$2,131
Other Revenue
$0
All Other Contributions
$2,143,633
Change in Net Assets
$981,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$907,880
Other Expenses$694,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$565,129$29,744-$594,873
Other Employee Benefits$262,512$13,816-$276,328
Payroll Taxes$34,845$1,834-$36,679
Depreciation Depletion$27,785$1,462-$29,247
All Other Expenses$21,814$3,354-$25,168
Information Technology$22,015--$22,015
Fees for Services Other$18,951$961-$19,912
Travel$13,145$692-$13,837
Office Expenses$11,252$592-$11,844
Other Expenses$10,403$548-$10,951
Payment Travel Entrtnmnt Publicly Ofcl-$3,177-$3,177
Total Functional Expenses$1,519,542$83,282$0$1,602,824
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,723
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Return is reviewed at Board Meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing Documents distributed upon request.

Filing and Contact Details

Filer

Filer Name
Northeastern Baptist College Inc
EIN
27-1975049
Phone
8027537233
Address
104 Kocher Drive, Bennington, VT 05201

Signing Officer

Name
Mark Ballard
Title
President
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
29
Volunteers
100

Preparer

Firm
Summit Tax & Accounting LLC
Address
3040 N UNIVERSITY AVE STE 1, DECATUR, IL 62526
Preparer
Mark A Nicholas CPA CFE CVA CFF
Phone
2178776766
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Reimbursed Charges
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return is reviewed at Board Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing Documents distributed upon request.
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