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Nonprofiteer
← NORTHEASTERN SEMINARY

Form 990 for tax year 2022

Filed by NORTHEASTERN SEMINARY.

Totals

Total revenue
$3,063,769
Total expenses
$2,733,427
Contributions and grants received
$1,573,456
Grants paid
$153,164
Program service revenue
$1,392,176
Investment income
$0
Other revenue
$98,137
Total assets, end of year
$9,289,773
Total liabilities, end of year
$2,107,504
Net assets or fund balances, end of year
$7,182,269
Program services expenses (Part IX)
$2,314,881
Management and general expenses
$332,469
Fundraising expenses
$86,077
Program service expenses (Part III)
$2,314,881

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $27,825

  • 1f · All other contributions, gifts and grants

    $1,545,631

  • 1g · Noncash contributions included above

    $24,965

  • 2a · Program service revenue: TUITION AND FEES

    total $1,392,176 · related or exempt $1,392,176

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $98,137 · related or exempt $98,137

  • 11e · Other revenue, total

    $98,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $153,164 · program services $153,164

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,084,431 · program services $939,714 · management and general $84,718 · fundraising $59,999

  • 8 · Pension plan contributions

    total $15,690 · program services $13,596 · management and general $1,226 · fundraising $868

  • 9 · Other employee benefits

    total $204,855 · program services $125,971 · management and general $68,465 · fundraising $10,419

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $10,408 · management and general $10,408

  • 11c · Fees: accounting

    total $14,600 · management and general $14,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,599 · program services $3,599

  • 12 · Advertising and promotion

    total $134,089 · program services $1,659 · management and general $132,430

  • 13 · Office expenses

    total $20,619 · program services $364 · management and general $19,493 · fundraising $762

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $46,100 · program services $46,100

  • 17 · Travel

    total $28,519 · program services $13,361 · management and general $1,129 · fundraising $14,029

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $64,518 · program services $64,518

  • 20 · Interest

    total $1,848 · program services $1,848

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $51,024 · program services $51,024

  • 23 · Insurance

    total $5,400 · program services $5,400

  • 24a · Other expenses: ACADEMIC COSTS & SYMPOSIUMS

    total $77,876 · program services $77,876

  • 24b · Other expenses: MAINTENANCE COSTS

    total $48,518 · program services $48,518

  • 24c · Other expenses: GROUND LEASE

    total $16,482 · program services $16,482

  • 24d · Other expenses: GRANT EXPENDITURES

    total $612,295 · program services $612,295

  • 24e · All other expenses

    total $139,392 · program services $139,392

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,127 · end of year $3,127

  • 2 · Savings and temporary cash investments

    beginning of year $615,126 · end of year $1,013,622

  • 3 · Pledges and grants receivable

    beginning of year $1,113,141 · end of year $2,337,732

  • 4 · Accounts receivable

    beginning of year $484,499 · end of year $263,604

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $2,197,309

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,104,898

  • 10c · Land, buildings and equipment, net

    beginning of year $1,111,226 · end of year $1,092,411

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $4,383,531 · end of year $4,223,956

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $364,803 · end of year $355,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,285 · end of year $675,248

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $101,968 · end of year $83,707

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,142,727 · end of year $1,348,549

  • 27 · Net assets without donor restrictions

    beginning of year $1,027,866 · end of year $991,121

  • 28 · Net assets with donor restrictions

    beginning of year $5,764,607 · end of year $6,191,148

Mission and programs · 2022

Mission

NORTHEASTERN SEMINARY STRIVES TO BE A VIBRANT SOURCE FOR CHRISTIAN THEOLOGICAL FORMATION WHOSE STUDENTS ARE FORMED IN A BIBLICAL VISION OF GRACIOUS CHRISTIANITY AND IMPACT WHOLENESS TO THE WORLD IN AN EXPANSIVE ARRAY OF VOCATIONS AND CONTEXTS.

Activities or mission (Part I)

ROOTED IN BIBLICAL AND HISTORIC CHRISTIAN FAITH, NORTHEASTERN SEMINARY PREPARES CHRIST-CENTERED MEN AND WOMEN FOR FAITHFUL, EFFECTIVE MINISTRY TO THE CHURCH AND WORLD.

  • TO PREPARE MEN AND WOMEN FOR CHRISTIAN MINISTRY, BOTH LAY AND ORDAINED ROOTED IN CLASSICAL CHRISTIAN FAITH, THE SEMINARY CREATIVELY SEEKS TO EQUIP ITS STUDENTS FOR MINISTRY TO CONTEMPORARY CULTURE.

    Expenses $2,314,881 · Grants $153,164 · Revenue $1,490,313

As filed on the 2022 return.

Listed in Part VII

  • Deana Porterfield

    PRESIDENT (LEFT 06/23)

    Total calculated
    $279,862
    From this org
    $0
    From related orgs
    $229,475
    Other
    $50,387
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,961 related
    Bonus
    $0
    Other
    $0 + $2,514 related
    Deferred
    $0 + $24,060 related
    Nontaxable benefits
    $0 + $26,327 related
    Filer's total
    $0 + $279,862 related

  • Laurie Leo

    VP OF FINANCE AND CFO

    Total calculated
    $154,652
    From this org
    $0
    From related orgs
    $152,367
    Other
    $2,285
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,367 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,285 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $154,652 related

  • Alexander Jones

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $141,647
    From this org
    $0
    From related orgs
    $119,551
    Other
    $22,096
    Hours/week
    2 + 40 related

  • Kristen Brown

    VP FOR STUDENT AND ORGANZATION

    Total calculated
    $116,200
    From this org
    $0
    From related orgs
    $107,520
    Other
    $8,680
    Hours/week
    40 + 2 related

  • Benjamin Espinozastart 722

    VP AND DEAN OF NORTHEASTERN SE

    Total calculated
    $114,580
    From this org
    $0
    From related orgs
    $91,600
    Other
    $22,980
    Hours/week
    40 + 2 related

  • Kevin W Mannoia

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Caryl L Wenzke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Guy Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Linda Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Herbert Alexander

    TRUSTEE (START 10/22)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Janet Balajthy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lyn Barnett

    TRUSTEE (LEFT 01/23)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Pamela Braman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Emerson Fullwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Chad Goodchild

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ramona Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Timothy Harner

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Holly Hillberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John Jennings

    TRUSTEE (START 10/22)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Eric Logan

    TRUSTEE (START 10/22)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paul Lysander

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Wayne McCown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Duncan O'Dwyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dwight Kip Palmer

    TRUSTEE (LEFT 10/22)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • David Rinker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mauricio Riveros

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Barbara Rose

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Deborah Schmidt

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Wesley Skinner Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Terry Taber

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Deborah White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II
ALL COMPENSATION LISTED ON SCHEDULE J, PART II AND FORM 990, PART VII IS PAID BY ROBERTS WESLEYAN UNIVERSITY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202440929349300109

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