NEW ENGLAND COLLEGE Charity Report

Public IRS 990 nonprofit record

NEW ENGLAND COLLEGE

EIN 02-0223955 · Education (B420)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.35%of revenue went to mission work84.6% of expenses · Program services

0.81%of revenue went to fundraising0.8% of expenses

$102.08spent for every $100 of revenueSpending was higher than revenue this year.

14.93%of revenue went to management and office costs14.6% of expenses

$1.11in assets for every $1 spent this yearSome assets cannot be spent right away.

4.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,707,220 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $428,337 for DR WAYNE F LESPERANCE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$82,035,491

Mission workProgram services$70,835,22486.35% of revenue84.6% of expenses

ManagementOffice and general costs$12,246,09814.93% of revenue14.6% of expenses

FundraisingAsking for donations$661,3890.81% of revenue0.8% of expenses

Total expenses$83,742,711102.08% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.6% mission · 14.6% management · 0.8% fundraisingTotal expenses: 102.08% of revenue

2023Expense mix: 84.1% mission · 15.0% management · 0.9% fundraisingTotal expenses: 95.27% of revenue

2022Expense mix: 84.4% mission · 15.0% management · 0.6% fundraisingTotal expenses: 106.08% of revenue

2021Expense mix: 84.6% mission · 15.3% management · 0.1% fundraisingTotal expenses: 93.04% of revenue

2020Expense mix: 86.2% mission · 13.7% management · 0.1% fundraisingTotal expenses: 96.13% of revenue

2019Expense mix: 85.7% mission · 14.0% management · 0.3% fundraisingTotal expenses: 98.16% of revenue

2018Expense mix: 87.2% mission · 12.5% management · 0.3% fundraisingTotal expenses: 94.47% of revenue

2017Expense mix: 83.0% mission · 15.8% management · 1.3% fundraisingTotal expenses: 95.26% of revenue

Money in and money out

Revenue$82,035,491

Expenses$83,742,711

Annual shortfall $1,707,220 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$70,835,224 · 84.6% of expenses

Management and office costs$12,246,098 · 14.6% of expenses

Fundraising$661,389 · 0.8% of expenses

See all reported dollar amounts

Revenue$82,035,491

Expenses$83,742,711

Assets$93,026,084

Income$100,951,499

Contributions$3,959,622

Mission work (program services)$70,835,224

Fundraising$661,389

Management and general$12,246,098

Stocks and bonds$33,648,271

Accounting fees$89,825

Investing fees$84,524

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR WAYNE F LESPERANCEPRESIDENT · 40 hrs/week $428,337Base $411,087 · Other $17,250

PAULA A AMATO CMAEXECUTIVE VICE PRESIDENT & CFO · 40 hrs/week $360,093Base $315,171 · Other $44,922

JAMES MURTHA PHDSR. VP OF ACADEMIC ALLIANCES · 38 hrs/week $341,280Base $291,906 · Other $49,374

WILLIAM P DEPTULAVP OF ADVANCEMENT · 38 hrs/week $263,216Base $214,524 · Other $48,692

DAVID M RUBINVP OF INFORMATION TECHNOLOGY · 38 hrs/week $235,120Base $189,670 · Other $45,450

BRADLEY F POZNANSKIVP OF ENROLLMENT MANAGEMENT · 38 hrs/week $194,787Base $164,579 · Other $30,208

PATRICIA M CORBETTVP OF ACADEMIC AFFAIRS · 38 hrs/week $192,734Base $183,588 · Other $9,146

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

DR WAYNE F LESPERANCEPRESIDENT

PAULA A AMATO CMAEXECUTIVE VICE PRESIDENT & CFO

JAMES MURTHA PHDSR. VP OF ACADEMIC ALLIANCES

WILLIAM P DEPTULAVP OF ADVANCEMENT

DAVID M RUBINVP OF INFORMATION TECHNOLOGY

BRADLEY F POZNANSKIVP OF ENROLLMENT MANAGEMENT

PATRICIA M CORBETTVP OF ACADEMIC AFFAIRS

JEFFREY TOWLETRUSTEE

ADAM KAPNERTRUSTEE

TJ WHITELAWVICE CHAIR

THOMAS MARKEYTRUSTEE

THOMAS FARMENTRUSTEE

STEPHEN KETCHUMTRUSTEE

RAY APYTRUSTEE

PETER BORDESTRUSTEE

ALEXANDER SCOURBYCHAIR

MARY SIMON STREEPTRUSTEE

LORI SCHERERTRUSTEE

KATHERINE HALEY PHDTRUSTEE

KAREN BACKUSTRUSTEE

JAY LUCASTRUSTEE

ASTRID WILLIAMSVICE CHAIR

ERIC MORGANTRUSTEE

EMMANUEL BALOGUN PHDTRUSTEE

ELBRIDGE T GERRY IIITRUSTEE

BILL WYMANTRUSTEE

DR MICHAEL K THOMASTRUSTEE

DON HASSELTINETRUSTEE

DANIEL LYNCHTRUSTEE

CLARKE SMITH IIITRUSTEE

CHRISTOPHER BRAZILLTRUSTEE

About this charity

Recognized since: January 1949
Location: 98 Bridge St, Henniker, NH 03242
County: Merrimack
In care of: Paula A Amato
Primary officer: Paula A Amato, Executive Vice President & CFO

How to reach them

WebsiteVisit the charity’s website Phone(603) 428-2211

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BERRY DUNN MCNEIL & PARKER LLC
NTEE classification: Education (B420)