MONTSERRAT COLLEGE OF ART INC Charity Report

Public IRS 990 nonprofit record

MONTSERRAT COLLEGE OF ART INC

EIN 52-1859814 · Education (B40Z)

What they do

FOUNDED BY WORKING CREATIVE PROFESSIONALS, MONTSERRAT COLLEGE of ART PROVIDES AN INDIVIDUALIZED EDUCATION FOCUSED ON MAXIMIZING THE PROFESSIONAL and PERSONAL SUCCESS of EACH STUDENT. STRUCTURED AROUND EXPERIENTIAL LEARNING, STUDIO PRACTICE, LIBERAL ARTS, and PROFESSIONAL PREPARATION, THE MISSION of THE COLLEGE is to ENSURE THAT ITS GRADUATES LEAVE EQUIPPED WITH THE COMPETENCE, CONFIDENCE, and HABITS of MIND to BUILD LIVES of CREATIVE ENTERPRISE and COMMUNITY ENGAGEMENT. MONTSERRAT RECOGNIZES ITS ROLE AS AN ECONOMIC DRIVER and CULTURAL LEADER IN THE REGION. MONTSERRAT COLLEGE of ART is A NON-PROFIT, INDEPENDENT ART SCHOOL, ACCREDITED BY THE NEW ENGLAND COMMISSION of HIGHER EDUCATION (NECHE), THROUGH ITS COMMISSION ON INSTITUTIONS of HIGHER EDUCATION to AWARD THE BACHELOR of FINE ARTS DEGREE IN 10 STUDIO CONCENTRATIONS. THE COLLEGE is ALSO A MEMBER of THE ASSOCIATION of INDEPENDENT COLLEGES of ART and DESIGN.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.20 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 leaders19 people are listed in the latest report.

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

Money made simple

74.66%of revenue went to mission work72.2% of expenses · Program services

1.50%of revenue went to fundraising1.5% of expenses

$103.40spent for every $100 of revenueSpending was higher than revenue this year.

27.24%of revenue went to management and office costs26.3% of expenses

$1.18in assets for every $1 spent this yearSome assets cannot be spent right away.

16.8%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 $522,212 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $260,875 for BRIAN PELLINEN (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$15,355,381

Mission workProgram services$11,463,95574.66% of revenue72.2% of expenses

ManagementOffice and general costs$4,183,24527.24% of revenue26.3% of expenses

FundraisingAsking for donations$230,3931.50% of revenue1.5% of expenses

Total expenses$15,877,593103.40% 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: 72.2% mission · 26.3% management · 1.5% fundraisingTotal expenses: 103.40% of revenue

2023Expense mix: 75.4% mission · 23.8% management · 0.9% fundraisingTotal expenses: 115.03% of revenue

2022Expense mix: 71.5% mission · 27.5% management · 1.0% fundraisingTotal expenses: 101.69% of revenue

2021Expense mix: 76.0% mission · 22.8% management · 1.2% fundraisingTotal expenses: 98.99% of revenue

2020Expense mix: 75.5% mission · 22.4% management · 2.1% fundraisingTotal expenses: 89.03% of revenue

2019Expense mix: 75.0% mission · 23.2% management · 1.8% fundraisingTotal expenses: 97.88% of revenue

2018Expense mix: 75.0% mission · 23.5% management · 1.5% fundraisingTotal expenses: 95.42% of revenue

2017Expense mix: 75.2% mission · 23.6% management · 1.2% fundraisingTotal expenses: 97.23% of revenue

Money in and money out

Revenue$15,355,381

Expenses$15,877,593

Annual shortfall $522,212 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)$11,463,955 · 72.2% of expenses

Management and office costs$4,183,245 · 26.3% of expenses

Fundraising$230,393 · 1.5% of expenses

See all reported dollar amounts

Revenue$15,355,381

Expenses$15,877,593

Assets$18,701,932

Income$16,121,805

Contributions$2,579,413

Mission work (program services)$11,463,955

Fundraising$230,393

Management and general$4,183,245

Stocks and bonds$2,280,061

Accounting fees$65,689

Investing fees$3,750

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

BRIAN PELLINENPRESIDENT · 40 hrs/week $260,875Base $240,733 · Other $20,142

LISA SHAWNEYCFO · 40 hrs/week $166,712Base $146,584 · Other $20,128

BLYTH HAZENTRUSTEE FACULTY REP · 40 hrs/week $77,441Base $68,220 · Other $9,221

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 (19)

BRIAN PELLINENPRESIDENT

LISA SHAWNEYCFO

BLYTH HAZENTRUSTEE FACULTY REP

TYSON J LYNCHTRUSTEE

BARBARA SCHAYETRUSTEE

SARAH DINEENTRUSTEE

ROBERT HART JRTREASURER

REAGAN MCCARTHYTRUSTEE STUDENT REP

OLIVER PARKERTRUSTEE

MICHAEL J BELLIVEAU PHDVICE CHAIR

MERCEDES SHERROD EVANSCHAIR

MAGS HARRIESTRUSTEE

KEN MASTROCOLATRUSTEE

KATHERINE B WINTERTRUSTEE

JOHN SUTYAKSECRETARY

DR VELDA MCRAE-YATESTRUSTEE

DR TONY LAING PHDTRUSTEE

DAVID SHOPPERTRUSTEE

CHRIS KOEPLINTRUSTEE

About this charity

Recognized since: January 1993
Location: 23 ESSEX ST, BEVERLY, MA 01915-4508
County: Essex
In care of: % LISA SHAWNEY
Primary officer: LISA SHAWNEY, CFO

How to reach them

WebsiteVisit the charity’s website Phone(978) 921-4242

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WITHUMSMITHBROWNPC
NTEE classification: Education (B40Z)