2026-03-13T20:56:19-05:00 2025-04-30 042694095 LITMANGERSON ASSOCIATES LLP 500 WEST CUMMINGS PARK SUITE 5650 WOBURN MA 01801 990 2024-05-01 056015988 NORTHPOINT BIBLE COLLEGE NORT 9784783450 320 SOUTH MAIN STREET HAVERHILL MA 01835 DR DANIEL HOWELL PROVOST 9784783450 2026-03-10 1 0 ROBERT F HART JR P00937795 7815694700 2026-03-03 2024 2025-03-06 01:10:19Z REV TIFF SHUTTLESWORTH 320 SOUTH MAIN STREET HAVERHILL MA 01835 4274467 0 X WWW.NORTHPOINT.EDU X 1941 MA NORTHPOINT BIBLE COLLEGE EXISTS TO TEACH AND TRAIN STUDENTS FOR PENTECOSTAL MINISTRY. 20 20 113 20 0 0 1778589 1124867 2694430 2057691 26707 94751 0 153789 4499726 3431098 713655 620776 0 0 2403695 1958756 0 0 155450 2800223 3065890 5917573 5645422 -1417847 -2214324 17038200 15978368 2984292 4220009 14053908 11758359 NORTHPOINT BIBLE COLLEGE EXISTS TO TEACH AND TRAIN STUDENTS FOR PENTECOSTAL MINISTRY, IN FULFILLMENT OF THE GREAT COMMISSION. 0 0 3625089 620776 2057691 NORTHPOINT BIBLE COLLEGE'S ACCOMPLISHMENTS DURING THE FISCAL YEAR INCLUDED: 1) PROVIDING EDUCATIONAL SERVICES AT THE CERTIFICATE, ASSOCIATES, BACHELORS, AND MASTER'S LEVEL TO 102 STUDENTS IN PREPARATION FOR VOCATIONAL MINISTRY. NORTHPOINT GRADUATED 27 STUDENTS. 2) STARTED NEW 2 GRADUATE LEVEL COHORTS IN PASTORAL LEADERSHIP THAT ARE BEING TAUGHT IN SPANISH. 3625089 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 113 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 0 1 1 0 0 MA X DAN HOWELL PROVOST 9784783450 320 SOUTH MAIN STREET HAVERHILL MA 01835 TIFF SHUTTLESWORTH PRESIDENT 1.00 X X 0 0 0 EDWIN SHEARER TREASURER 1.00 X X 0 0 0 ROBERT REEVES CHAIRMAN 1.00 X X 0 0 0 NICHOLAS FATATO ASSISTANT CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER DELMADGE SECRETARY 1.00 X X 0 0 0 DUANE DURST BOARD OF TRUSTEES 1.00 X 0 0 0 DENNIS MARQUARDT BOARD OF TRUSTEES 1.00 X 0 0 0 MARK EVANS BOARD OF TRUSTEES 1.00 X 0 0 0 RITA LAMBERGS-TOMES BOARD OF TRUSTEES 1.00 X 0 0 0 JARED BERRY BOARD OF TRUSTEES 1.00 X 0 0 0 TRAVIS NICHELSON BOARD OF TRUSTEES 1.00 X 0 0 0 DAN MCLAUGHLIN BOARD OF TRUSTEES 1.00 X 0 0 0 CHRIS HURTADO BOARD OF TRUSTEES 1.00 X 0 0 0 MARK BALDWIN BOARD OF TRUSTEES 1.00 X 0 0 0 DAN ABBATIELLO BOARD OF TRUSTEES 1.00 X 0 0 0 PAUL YACOVONE BOARD OF TRUSTEES 1.00 X 0 0 0 MANNY ALVAREZ BOARD OF TRUSTEES 1.00 X 0 0 0 PASCO MANZO BOARD OF TRUSTEES 1.00 X 0 0 0 KAREN RYDWANSKY BOARD OF TRUSTEES 1.00 X 0 0 0 GILBERTO VELEZ BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL HOWELL PROVOST 60.00 X 80200 0 37800 JOE CONSENTINO OUTSOURCED DIRECTOR OF FINANCE 4.00 X 19701 0 0 99901 0 37800 0 0 0 0 0 1124867 18020 1124867 STUDENT TUITION AND FE 611710 1542201 1542201 AUXILLARY ENTERPRISES 611710 437575 437575 OTHER INCOME 611710 77915 77915 2057691 43569 43569 250000 96211 153789 153789 153789 798340 747158 51182 51182 51182 3431098 2057691 0 248540 620776 620776 155114 24060 131054 1534423 1167716 329845 36862 23655 13849 9806 175858 155711 20147 69706 41121 26051 2534 11878 11878 86332 86332 9283 9283 77789 77789 102231 50473 20399 31359 214302 156303 57999 594734 463893 101104 29737 22793 22793 149198 149198 566439 441822 96295 28322 222305 15439 199230 7636 BLDG & EQUIP MAINT 384567 304174 80160 233 PROVISION FOR CREDIT LO 303498 303498 FOOD COSTS 91694 91403 291 DUES AND MEMBERSHIP 83882 13755 67218 2909 144965 41801 87306 15858 5645422 3625089 1864883 155450 344037 108288 282378 526553 50000 50000 49238 1851 23558749 8367307 15582745 15191442 729802 0 100234 17038200 15978368 801274 1196783 50865 52285 1744331 2833119 250000 137822 137822 2984292 4220009 X 12774505 11465672 1279403 292687 14053908 11758359 17038200 15978368 X -2214324 -18705 -62520 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 779802 66763 846565 707796 72006 779802 703509 4287 707796 713018 -9509 703509 570331 142687 713018 0.00000 0.00000 0.00000 4377600 4377600 694442 16365465 6519829 10540078 2121242 1847478 273764 15191442 REFUNDABLE ADVANCE 137822 137822 X 2878545 -18705 -524565 -543270 3421815 9283 9283 3431098 5111574 96211 96211 5015363 9283 620776 630059 5645422 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION RENTAL EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION PART V, LINE 4 DURING THE YEAR ENDED APRIL 30, 2025, THE COLLEGE IDENTIFIED AND CORRECTED A CLASSIFICATION ERROR RELATED TO BALANCES PREVIOUSLY REPORTED AS DONOR RESTRICTED ENDOWMENT FUNDS WITH NET ASSETS WITH DONOR RESTRICTIONS. SEVERAL YEARS AGO, THE COLLEGE POOLED CONTRIBUTIONS AND DEPOSITED THEM INTO AN INVESTMENT ACCOUNT WITH A THIRD-PARTY FINANCIAL INSTITUTION. AT THAT TIME, THE COLLEGE ENTERED INTO AN ENDOWMENT AGREEMENT WITH THE INSTITUTION, AND THE FUNDS WERE CLASSIFIED AS DONOR-RESTRICTED ENDOWMENT FUNDS IN THE AUDITED FINANCIAL STATEMENTS. UPON REVIEW BY CURRENT MANAGEMENT AND FORMER PRESIDENTS OF THE COLLEGE, IT WAS DETERMINED THAT THE FUNDS WERE NEVER INTENDED BY THE DONORS TO BE RESTRICTED AS AN ENDOWMENT, AND NO DOCUMENTATION EXISTS TO SUPPORT ANY DONOR-IMPOSED RESTRICTIONS. LEGAL COUNSEL WAS CONSULTED, AND BASED ON THE FACTS, CIRCUMSTANCES, AVAILABLE INFORMATION, AND APPLICABLE LAWS, CONCLUDED THAT THE CLASSIFICATION OF THE FUNDS AS DONOR-RESTRICTED ENDOWMENT WAS IN ERROR AND THAT THE WITHDRAWAL OF SUCH FUNDS WOULD NOT APPEAR TO BE UNLAWFUL. ACCORDINGLY, DURING THE YEAR ENDED APRIL 30, 2025, THE COLLEGE ENTERED INTO AN AGREEMENT WITH THE THIRD-PARTY FINANCIAL INSTITUTION TO TERMINATE THE ENDOWMENT AGREEMENT AND RELEASE THE FUNDS. THE FUNDS WERE RETURNED TO THE COLLEGE AND ARE NOW REPORTED AS NET ASSETS WITHOUT DONOR RESTRICTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NORTHPOINT'S NONDISCRIMINATORY POLICY IS STATED IN THE SCHOOL CATALOG, WHICH IS AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FEDERAL AWARDS, INCLUDING GRANTS, CONTRACTS AND SIMILAR AGREEMENTS ENTERED INTO DIRECTLY BETWEEN THE COLLEGE AND DEPARTMENTS OF THE FEDERAL GOVERNMENT. FOR THE FISCAL YEAR ENDED APRIL 30, 2025, THE COLLEGE REPORTED EXPENDITURES OF FEDERAL AWARDS RELATED TO FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, FEDERAL FAMILY EDUCATION LOANS, FEDERAL WORK STUDY PROGRAM AND FEDERALL PELL GRANT PROGRAM. TOTAL FEDERAL EXPENDITURES FOR THE YEAR WERE APPROXIMATELY $204,000. 1 FINANCIAL AID AND TUITION REMISSION 66 620776 PART I, LINE 2: SCHOLARSHIP COMMITTEE MEETS TWICE A YEAR, ONCE EACH SEMESTER, TO DISCUSS WHAT SCHOLARSHIPS WILL BE AWARDED BASED ON THE QUALIFICATIONS FOR EACH SCHOLARSHIP, AND THEN THOSE FUNDS ARE DISBURSED TO STUDENTS FOLLOWING THE MEETING. THE QUALIFICATIONS FOR EACH SCHOLARSHIP ARE HELD IN A NOTEBOOK IN FINANCIAL AID AS WELL AS A SHARED DRIVE. LOST LAMB EVANGELISTIC LLE REV. TIFF SHUTTLEWORTH IS THE PRESIDENT OF LLE & NORTHPOINT BIBLE COLLEGE TO ASSIST WITH THE ORGANIZATION'S DAILY OPERATIONS. X 2000000 1833119 0 1 1 NEW LIFE ASSEMBLY OF GOD OF CONNECT MARK EVANS (TRUSTEE) IS IN A LEADERSHIP POSITION OF NLAG TO ASSIST WITH THE ORGANIZATION'S DAILY OPERATIONS. X 1000000 1000000 0 1 1 2833119 SCHEDULE L, PART II, LINE ONE: THE LENDER GRANTED AN INTEREST-FREE LOAN TO THE ORGANIZATION. THE ACTUAL BALANCE DUE ON THIS LOAN AT THE END OF THE FISCAL YEAR IS $2,000,000. THE BALANCE DUE REFLECTED ON SCHEDULE L, PART II, LINE 1 IN COLUMN F OF $1,833,119 IS SHOWN NET OF A PRESENT VALUE DISCOUNT OF $166,881. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE INTERNAL FINANCE COMMITTEE AND THE BOARD OF ADMINISTRATION PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY EVALUATING SITUATIONS AS THEY ARISE FOR POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES STUDIES COST OF LIVING IN LOCAL AREA AS WELL AS COMPENSATION SURVEYS FOR HIGHER EDUCATION INSTITUTIONS. THE BOARD OF ADMINISTRATION MAKES BUDGET RECOMMENDATIONS THAT THE BOARD OF TRUSTEES APPROVES. FORM 990, PART VI, SECTION C, LINE 19 ALL COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE HELD IN THE FINANCE OFFICE UNDER THE CUSTODY OF THE COMPTROLLER. SHOULD A PUBLIC REQUEST BE MADE, THE VALIDITY OF THE REQUEST WOULD BE REVIEWED BY THE BOARD OF ADMINISTRATION BEFORE THE INFORMATION IS RELEASED. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBLITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. FORM 990, PART XI, LINE 8 - PRIOR PERIOD ADJUSTMENT EXPLANATION DURING THE YEAR ENDED APRIL 30, 2025, MANAGEMENT IDENTIFIED AND CORRECTED AN ERROR OF HOW TUITION AND FEES AND STUDENT FEES RECEIVABLE WERE RECORDED FOR CERTAIN INTERNATIONAL STUDENTS WHO WERE RECEIVING FULL TUITION SCHOLARSHIPS. IN PRIOR PERIODS, THE COLLEGE DID NOT RECORD TUITION REMISSION AGAINST THE GROSS AMOUNT OF THE TUITION AND FEES CHARGED TO THESE INTERNATIONAL STUDENTS, AND INCORRECTLY ESTABLISHED A STUDENT FEES RECEIVABLE BALANCE, EVEN THOUGH NO PAYMENT WAS EXPECTED OR DUE FROM THE STUDENTS. UNDER GAAP, FINANCIAL AID AND TUITION REMISSION SHOULD BE ACCOUNTED FOR AS A REDUCTION IN GROSS TUITION AND FEE REVENUE. ADDITIONALLY, A RECEIVABLE SHOULD NOT BE RECORDED WHEN THERE IS NO EXPECTATION OF COLLECTION. ACCORDINGLY, TUITION AND FEES, NET AND CHANGE IN NET ASSETS WITHOUT DONOR RESTRICTIONS WAS OVERSTATED BY $62,520 FOR THE YEAR ENDED APRIL 30, 2024. FUTHERMORE, STUDENT FEES RECEIVABLE AND NET ASSETS WITHOUT DONOR RESTRICTIONS WERE OVERSTATED AT APRIL 30, 2024. MANAGEMENT HAS RESTATED ITS FINANCIAL STATEMENTS AT AND FOR THE YEAR ENDED APRIL 30, 2024.