AI Transparency Report
Northeastern Seminary demonstrates a generally stable financial position with consistent revenue streams and positive net assets. In the latest 202306 filing, the organization reported revenues of $3,063,769 against expenses of $2,733,427, indicating a surplus for the period. This trend of revenue exceeding expenses has been observed in most recent years, contributing to a healthy growth in assets, which reached $9,289,773 in 202306 from $8,075,453 in 202206. The organization's liabilities have also seen an increase, reaching $2,107,504 in 202306, which warrants monitoring but remains manageable relative to its growing asset base.
The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong indicator of mission-driven focus. While specific program spending ratios are not detailed in the provided summary, the overall financial health appears robust, allowing for sustained operations and mission delivery. The consistent filing of IRS Form 990s over 13 periods further reinforces its commitment to public accountability.