Nonprofit · EIN 02-0223955
NEW ENGLAND COLLEGE
Tax-exempt · HENNIKER, NH 03242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $82,035,491 | $83,742,711 | -$1,707,220 | $93,026,084 | $32,316,459 | $60,709,625 |
| June 30, 2024 | 990 | $81,018,298 | $77,189,345 | $3,828,953 | $94,351,483 | $32,733,613 | $61,617,870 |
| June 30, 2023 | 990 | $74,124,658 | $78,629,375 | -$4,504,717 | $90,601,279 | $34,621,528 | $55,979,751 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,959,622
- of which government grants
- $1,056,063
- Program service revenue
- $76,054,750
- Investment income
- $2,358,744
- Net rental income
- -$331,431
- Net gain from sales of assets
- $1,647,955
- Net income from fundraising events
- -$6,194
- Other revenue
- -$337,625
Expenses
- Grants and similar amounts paid
- $28,880,567
- Compensation of officers, directors and key employees
- $788,430
- Other salaries and wages
- $22,649,282
- Salaries, compensation and benefits (total)
- $29,473,783
- Professional fundraising fees
- $0
- Legal fees
- $111,672
- Accounting fees
- $89,825
- Occupancy
- $5,288,322
- Travel
- $772,186
- Depreciation
- $2,727,438
- Program services (functional)
- $70,835,224
- Management and general (functional)
- $12,246,098
- Fundraising (functional)
- $661,389
Balance sheet and other
- Total assets, start of year
- $94,351,483
- Total assets, end of year
- $93,026,084
- Total liabilities, end of year
- $32,316,459
- Net assets, end of year
- $60,709,625
- Land, buildings and equipment
- $43,005,445
- Publicly traded securities
- $33,648,271
- Net assets without donor restrictions
- $21,754,573
- Net assets with donor restrictions
- $38,955,052
- Gross unrelated business income
- $98,675
- Gross receipts
- $100,951,499
- Employees
- 871
- Volunteers
- 28
- Year formed
- 1946
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Wayne F Lesperance | President Trustee or director, Officer | 40 | $411,087 | $17,250 |
| Paula A Amato CMA | Executive Vice President & CFO Officer | 40 | $315,171 | $44,922 |
| James Murtha PhD | Sr. VP of Academic Alliances Highest-paid employee | 37.5 | $291,906 | $49,374 |
| William P Deptula | VP of Advancement Highest-paid employee | 37.5 | $214,524 | $48,692 |
| David M Rubin | VP of Information Technology Highest-paid employee | 37.5 | $189,670 | $45,450 |
| Bradley F Poznanski | VP of Enrollment Management Highest-paid employee | 37.5 | $164,579 | $30,208 |
| Patricia M Corbett | VP of Academic Affairs Highest-paid employee | 37.5 | $183,588 | $9,146 |
| Alexander Scourby | Chair Trustee or director, Officer | 10 | $0 | $0 |
| TJ Whitelaw | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Astrid Williams | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Ray Apy | Trustee Trustee or director | 2 | $0 | $0 |
| Karen Backus | Trustee Trustee or director | 2 | $0 | $0 |
| Emmanuel Balogun PhD | Trustee Trustee or director | 2 | $0 | $0 |
| Peter Bordes | Trustee Trustee or director | 2 | $0 | $0 |
| Christopher Brazill | Trustee Trustee or director | 2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Farmen | Trustee Trustee or director | 2 | $0 |
| Elbridge T Gerry III | Trustee Trustee or director | 2 | $0 |
| Katherine Haley PhD | Trustee Trustee or director | 2 | $0 |
| Don Hasseltine | Trustee Trustee or director | 2 | $0 |
| Adam Kapner | Trustee Trustee or director | 2 | $0 |
| Stephen Ketchum | Trustee Trustee or director | 2 | $0 |
| Jay Lucas | Trustee Trustee or director | 2 | $0 |
| Daniel Lynch | Trustee Trustee or director | 2 | $0 |
| Thomas Markey | Trustee Trustee or director | 2 | $0 |
| Eric Morgan | Trustee Trustee or director | 2 | $0 |
| Clarke Smith III | Trustee Trustee or director | 2 | $0 |
| Lori Scherer | Trustee Trustee or director | 2 | $0 |
| Mary Simon Streep | Trustee Trustee or director | 2 | $0 |
| Dr Michael K Thomas | Trustee Trustee or director | 2 | $0 |
| Jeffrey Towle | Trustee Trustee or director | 2 | $0 |
| Bill Wyman | Trustee Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Wayne F Lesperance | President Trustee or director, Officer | 40 | $409,133 | $16,803 |
| Paula A Amato CMA | Executive Vice President & CFO Officer | 40 | $315,529 | $45,039 |
| James Murtha | Sr. VP of Academic Alliances Highest-paid employee | 40 | $288,798 | $47,608 |
| William P Deptula | VP of Advancement Highest-paid employee | 40 | $213,907 | $47,040 |
| David M Rubin | VP of Information Technology Highest-paid employee | 40 | $190,192 | $40,517 |
| Debra Dunlop | Dean of SHE Division Highest-paid employee | 37.5 | $166,444 | $33,382 |
| Patricia M Corbett | VP of Academic Affairs Highest-paid employee | 40 | $172,081 | $13,328 |
| Michele D Perkins EdD | Past Chancellor Trustee or director, Officer | 30 | $129,227 | $23,782 |
| Alexander Scourby | Trustee, Board Chair Trustee or director, Officer | 10 | $0 | $0 |
| TJ Whitelaw | Trustee, Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Astrid Williams | Trustee, Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Ray Apy | Trustee Trustee or director | 2 | $0 | $0 |
| Karen Backus | Trustee Trustee or director | 2 | $0 | $0 |
| Emmanuel Balogun | Trustee Trustee or director | 2 | $0 | $0 |
| Peter Bordes | Trustee Trustee or director | 2 | $0 | $0 |
| Christopher Brazill | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Farmen | Trustee Trustee or director | 2 | $0 | $0 |
| Elbridge T Gerry III | Trustee Trustee or director | 2 | $0 | $0 |
| Katherine Haley | Trustee Trustee or director | 2 | $0 | $0 |
| Don Hasseltine | Trustee Trustee or director | 2 | $0 | $0 |
| Adam Kapner | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Ketchum | Trustee Trustee or director | 2 | $0 | $0 |
| Jay Lucas | Trustee Trustee or director | 2 | $0 | $0 |
| Daniel Lynch | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Markey | Trustee Trustee or director | 2 | $0 | $0 |
| Eric Morgan | Trustee Trustee or director | 2 | $0 | $0 |
| Lori Scherer | Trustee Trustee or director | 2 | $0 | $0 |
| Clarke Smith III | Trustee Trustee or director | 2 | $0 | $0 |
| Mary Simon Streep | Trustee Trustee or director | 2 | $0 | $0 |
| Dr Michael K Thomas | Trustee Trustee or director | 2 | $0 | $0 |
| Jeffrey Towle | Trustee Trustee or director | 2 | $0 | $0 |
| Bill Wyman | Trustee Trustee or director | 2 | $0 | $0 |
| Scott Simpson | Past Trustee, Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michele D Perkins EdD | Chancellor Trustee or director, Officer | 30 | $428,109 | $24,059 |
| Paula A Amato CMA | Executive Vice President & CFO Officer | 40 | $299,979 | $25,607 |
| Wayne F Lesperance | President Trustee or director, Officer | 40 | $295,860 | $1,208 |
| James Murtha | Sr. VP of Academic Alliances Highest-paid employee | 40 | $257,550 | $28,677 |
| William P Deptula | Vice President of Advancement Highest-paid employee | 40 | $226,203 | $31,650 |
| David Pollak | Visiting Professor of CIS Highest-paid employee | 37.5 | $177,529 | $36,294 |
| David M Rubin | VP of Information Technology Highest-paid employee | 40 | $181,786 | $28,923 |
| Debra Dunlop | Dean of SHE Division Highest-paid employee | 37.5 | $179,384 | $22,957 |
| Alexander Scourby | Trustee, Board Chair Trustee or director, Officer | 10 | $0 | $0 |
| Scott Simpson | Trustee, Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| TJ Whitelaw | Trustee, Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Ray Apy | Trustee Trustee or director | 2 | $0 | $0 |
| Peter Bordes | Trustee Trustee or director | 2 | $0 | $0 |
| Christopher Brazill | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Farmen | Trustee Trustee or director | 2 | $0 | $0 |
| Elbridge T Gerry III | Trustee Trustee or director | 2 | $0 | $0 |
| Katherine Haley | Trustee Trustee or director | 2 | $0 | $0 |
| Adam Kapner | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Ketchum | Trustee Trustee or director | 2 | $0 | $0 |
| Jay Lucas | Trustee Trustee or director | 2 | $0 | $0 |
| Daniel Lynch | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Markey | Trustee Trustee or director | 2 | $0 | $0 |
| Clarke Smith | Trustee Trustee or director | 2 | $0 | $0 |
| Mary Simon Streep | Trustee Trustee or director | 2 | $0 | $0 |
| Dr Michael K Thomas | Trustee Trustee or director | 2 | $0 | $0 |
| Jeffrey Towle | Trustee Trustee or director | 2 | $0 | $0 |
| Astrid Williams | Trustee Trustee or director | 2 | $0 | $0 |
| Bill Wyman | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Stevens | Past Trustee Trustee or director | 2 | $0 | $0 |
| Kate Luckett | Past Trustee Trustee or director | 2 | $0 | $0 |
| Harriott Sanford | Past Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 98 BRIDGE ST, HENNIKER, NH 03242-3292
- Principal officer (990 for 2024)
- Dr Wayne F Lesperance, 98 Bridge St, Henniker, NH 03242
- Signed the 990
- Paula A Amato, Executive Vice President & CFO
- Phone
- (603) 428-2211
- Website
- www.NEC.edu
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
New England College emphasizes experiential learning as an essential component in the development of an enduring academic community. Building upon a strong liberal arts foundation, we challenge our students to reach their full potential through informed discourse and the pursuit of excellence in a framework of academic freedom that reflects the following values: imaginative, innovative, and creative approaches to all their endeavors; respect for self in the development of personal, social, physical and intellectual abilities; caring and collaborative relationships among members of our community; respect for the varied qualities of individuals, communities, and the world; an appreciation of beauty and elegance in the search for truth; inquiry into and the pursuit of social justice; ethical and responsible citizenship, including service to the community; the pursuit of ecological sustainability; continuous learning and a lifetime of personal achievement.
Program accomplishments
- The College provides an education that develops critical and creative thinking abilities, effective communication skills, and responsible academic and social commitments; historical and comparative understanding of the humanities, social sciences, and natural sciences; responsiveness to ethical and humane concerns; respect for gender, ethnicity, generational, racial and religious identities, and an appreciation for natural environments and world cultures; and a foundation for lifelong learning. New England College offers undergraduate, graduate and professional programs leading to the degrees of Bachelor of Arts, Bachelor of Science, Master of Science, Master of Education and a doctorate in Higher Education Administration and K-12 Leadership.Expenses $70,835,224 · grants $28,880,567 · revenue $76,054,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0223955
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $93,026,084
- Income (IRS master file)
- $100,951,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $82,035,491 | $83,742,711 | $93,026,084 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $81,018,298 | $77,189,345 | $94,351,483 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $74,124,658 | $78,629,375 | $90,601,279 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0223955).
Questions about NEW ENGLAND COLLEGE
- What is the EIN of NEW ENGLAND COLLEGE?
- The employer identification number (EIN) of NEW ENGLAND COLLEGE is 02-0223955.
- Is NEW ENGLAND COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to NEW ENGLAND COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ENGLAND COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW ENGLAND COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ENGLAND COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW ENGLAND COLLEGE?
- The 990 for the year ended June 30, 2025 names Dr Wayne F Lesperance.
- Who are the officers and directors of NEW ENGLAND COLLEGE?
- The 990 for the year ended June 30, 2025 lists 31 people; 7 received compensation from the organization, the highest $411,087 (Dr Wayne F Lesperance, President).
- How much revenue does NEW ENGLAND COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $82,035,491, expenses of $83,742,711 and total assets of $93,026,084 at year end.
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- WHITE BIRCH COMMUNITY CENTER EIN 02-0325474 · last filed 990 for 2025
- GUILD OF NEW HAMPSHIRE WOODWORKERS EIN 02-0520184 · last filed 990-EZ for 2025
- LOCKES PROMISE INC EIN 33-3655123 · last filed 990-EZ for 2025
- NANCY KATAJA MEMORIAL SCHOLARSHIP TR EIN 46-6559591 · last filed 990-PF for 2025
- TIE DYE FOR TEACHERS EIN 83-1346054 · last filed 990-N for 2024
- FRIENDS OF THE TUCKER FREE LIBRARY EIN 26-2942659 · last filed 990-N for 2025
- MARY COFFIN SCHOLARSHIP FUND EIN 22-3894504 · last filed 990-N for 2025