Northpoint Bible College
- Assets
- $17.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 121
- Location
- Haverhill, MA
- Founding
- 03/1960
- Data as of
- 04/2023
- EIN
- 05-6015988
Organization Overview
Northpoint Bible College is located in Haverhill, MA. The organization was established in 1960. As of 04/2023, Northpoint Bible College employed 121 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 04/2023, Northpoint Bible College generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.5m during the year ending 04/2023. 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
2023
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'S ACCOMPLISHMENTS DURING THE FISCAL YEAR INCLUDED - 1 - PROVIDING EDUCATIONAL SERVICES AT THE CERTIFICATE, ASSOCIATES, BACHELORS, AND MASTER'S LEVEL TO 234 STUDENTS IN PREPARATION FOR VOCATIONAL MINISTRY.2 - STUDENTS TRAVELED TO INDONESIA AND VANUATU ON SHORT TERM MISSION TRIPS.3 - ORGANIZED AND SPONSORED THREE COMMUNITY OUTREACH EVENTS; HOPE FOR HAVERHILL, FALL FESTIVAL, AND AN EASTER EGG HUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Chris Hurtado Trustee | Trustee | 1 | $0 |
Rev Pasco Manzo Trustee | Trustee | 1 | $0 |
Dr Duane Durst Trustee | Trustee | 1 | $0 |
Dr Gilberto Velez Trustee | Trustee | 1 | $0 |
Rev Dan Mclaughlin Trustee | Trustee | 1 | $0 |
Rev Manuel Alvarez Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,727,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,727,222 |
| Total Program Service Revenue | $2,486,826 |
| Investment income | $9,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,318,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $898,426 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $346,490 |
| Compensation of current officers, directors, key employees. | $172,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,977,604 |
| Pension plan accruals and contributions | $30,566 |
| Other employee benefits | $207,088 |
| Payroll taxes | $87,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,500 |
| Fees for services: Accounting | $21,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,450 |
| Fees for services: Other | $105,756 |
| Advertising and promotion | $0 |
| Office expenses | $94,284 |
| Information technology | $311,956 |
| Royalties | $0 |
| Occupancy | $785,353 |
| Travel | $48,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601,227 |
| Insurance | $124,945 |
| All other expenses | $126,307 |
| Total functional expenses | $6,497,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,979 |
| Savings and temporary cash investments | $80,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,319 |
| Net Land, buildings, and equipment | $16,036,556 |
| Investments—publicly traded securities | $657,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,395,570 |
| Accounts payable and accrued expenses | $841,227 |
| Grants payable | $0 |
| Deferred revenue | $13,418 |
| 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 | $450,000 |
| Unsecured mortgages and notes payable | $531,600 |
| Other liabilities | $137,822 |
| Total liabilities | $1,974,067 |
| Net assets without donor restrictions | $14,412,987 |
| Net assets with donor restrictions | $1,008,516 |
| 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 | $17,395,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northpoint Bible College Haverhill, MA | $17,395,570 | $4,318,562 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,587,324 | $4,218,917 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $42,452 | $1,847,908 |
Association For Jewish Studies Inc New York, NY | $3,136,491 | $1,390,091 |
Hadar Hatorah Inc Brooklyn, NY | $818,040 | $673,454 |
Boston Theological Institute Cambridge, MA | $245,158 | $287,886 |
China Evangelical Seminary Association Inc Lexington, MA | $201,029 | $0 |
Shaar Hatalmud Institute Brooklyn, NY | $1,519,376 | $120,573 |
Sanborn Seminary Kingston, NH | $1,406,709 | $62,361 |