Northpoint Bible College
- Assets
- $18.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 145
- Location
- Haverhill, MA
- Founding
- 03/1960
- Data as of
- 04/2022
- EIN
- 05-6015988
Organization Overview
Northpoint Bible College is located in Haverhill, MA. The organization was established in 1960. As of 04/2022, Northpoint Bible College employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northpoint Bible College 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 04/2022, Northpoint Bible College generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $6.8m during the year ending 04/2022. 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
MINISTRY EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHPOINT BIBLE COLLEGE SERVES APPROXIMATELY 250-300 FULL-TIME AND PART-TIME STUDENTS AND IS ALSO ACTIVELY INVOLVED IN OVERSEAS MISSIONS AND TRAINING FOR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Howell Chief Academic Officer | 40 | $113,461 | |
Dr David Arnett President | OfficerTrustee | 40 | $110,895 |
Rev Chris Delmadge Secretary | OfficerTrustee | 1 | $0 |
Rev Robert Reeves Vice-Chair | OfficerTrustee | 1 | $0 |
Rev Ed Shearer Treasurer | OfficerTrustee | 1 | $0 |
Rev Tiff Shuttlesworth Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,245,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,211,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,456,629 |
| Total Program Service Revenue | $2,846,015 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,450,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,319,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,306,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $265,925 |
| Payroll taxes | $89,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,543 |
| Advertising and promotion | $0 |
| Office expenses | $204,720 |
| Information technology | $324,629 |
| Royalties | $0 |
| Occupancy | $800,770 |
| Travel | $75,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $608,011 |
| Insurance | $94,020 |
| All other expenses | $127,345 |
| Total functional expenses | $6,790,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,634 |
| Savings and temporary cash investments | $393,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $712,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,988 |
| Net Land, buildings, and equipment | $16,518,427 |
| Investments—publicly traded securities | $663,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,874 |
| Total assets | $18,526,528 |
| Accounts payable and accrued expenses | $337,405 |
| Grants payable | $0 |
| Deferred revenue | $19,018 |
| 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 | $531,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $888,023 |
| Net assets without donor restrictions | $16,352,614 |
| Net assets with donor restrictions | $1,285,891 |
| 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 | $18,526,528 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northpoint Bible College has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Niccum Educational Trust Foundation First National Bank Of Goshen Ttee Greenfield, IN PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $713,018 |
| Ending Balance | $713,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Northpoint Bible College Haverhill, MA | $18,526,528 | $5,450,539 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,601,557 | $4,913,878 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |
Boston Theological Institute Cambridge, MA | $214,295 | $331,397 |
Shaar Hatalmud Institute Brooklyn, NY | $1,893,423 | $1,487,905 |
China Evangelical Seminary Association Inc Lexington, MA | $54,171 | $0 |
Sanborn Seminary Kingston, NH | $1,280,682 | $75,527 |