Northeastern Baptist College

Legal name: Northeastern Baptist College Inc

Nonprofit profile at a glance

EIN
271975049
IRS 990 coverage
2017–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023, Form 990-EZ 2012
Location
Bennington, VT, United States
Phone
(802) 753-7233
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Higher Education Institutions
Affiliation
Christianity

Official website

Reported finances

Revenue
$3,348,518
Expenses
$2,977,998
Assets
$4,004,942
Liabilities
$3,553,829

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • David King (Vice President - Administration)
  • James Lee Williams (Senior Vice President - Academics)
  • Lorrie Francis (Vice President - Inst. Readiness)
  • Mark Ballard (President)
  • Tony Levesque (Vice President - Dean of Students)

Highest reported compensation

  • Mark Ballard (President): $107,144 total reported compensation
  • Tony Levesque (Vice President - Dean of Students): $79,469 total reported compensation
  • Lorrie Francis (Vice President - Inst. Readiness): $72,671 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our 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 until Jesus comes.

What it reported doing in 2023

Northeastern Baptist College offers Associate and Bachelor Degrees in Biblical Studies, Business, Christian Counseling, and Christian Education. Master's Degree programs are also available in Applied Theology, Advanced Applied Theology, and Biblical Exegesis. A Ministry Diploma program and a dual-enrollment program for high school students are also available. The central tenet of NEBC's mission is the provision of a college education with a biblical foundation and a distinctive blend of academic excellence and practical mentoring. NEBC is also committed to enabling students to avoid debt; students who work 12 hours per week for the college may attend tuition free.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.9%; rating input score 70
  • Program expense ratio: 78.6%; rating input score 79
  • Fundraising efficiency: $21.33 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.1%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.34; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 14.7% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 80th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 69.9% of revenue deployed · 78.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $107K · 17 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2017 to 2023
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.