MONTSERRAT COLLEGE OF ART INC

EIN: 521859814 501(c)(3) Education

BEVERLY, MA

Total Revenue
$14,037,495
Total Expenses
$16,147,310
Total Assets
$19,852,624
Net Assets
$7,671,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
LISA SHAWNEY
Phone
9789214242
Tax Period
2023-07-01 to 2024-06-30

MONTSERRAT COLLEGE OF ART INC, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $16.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

MONTSERRAT COLLEGE OF ART, IS A SMALL INDEPENDENT ART COLLEGE, WHICH PROVIDES AN INDIVIDUALIZED EDUCATION TO ARTISTS AND DESIGNERS THAT IS FOCUSED ON THE PROFESSIONAL AND PERSONAL SUCCESS OF EACH STUDENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $936,653
Program Service Revenue $12,633,653
Investment Income $143,261
Other Revenue $323,928
TOTAL REVENUE $14,037,495

Expense Breakdown

Grants Paid $4,787,872
Salaries & Benefits $6,267,482
Fundraising Expenses $141,419
Program Expenses $12,169,795
Other Expenses $5,091,956
TOTAL EXPENSES $16,147,310

Year-over-Year Comparison

2023 2022 Change
Revenue $14,037,495 $15,865,147 -0.1%
Expenses $16,147,310 $16,133,010 +0.0%
Net Income $-2,109,815 $-267,863 +6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
14
Employees
259
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$410,719
Total Directors
17
$68,347
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Pellinen PRESIDENT 40.0
Officer
$216,646 $20,860 $237,506
Lisa Shawney CFO 40.0
Officer
$153,715 $19,498 $173,213
Blyth Hazen TRUSTEE - FACULTY REP 40.0
Director
$59,296 $9,051 $68,347
Mercedes Sherrod Evans CHAIR 1.0
Officer Director
$0 $0 $0
Dr Michael J Belliveau VICE CHAIR 1.0
Officer Director
$0 $0 $0
Katherine B Winter TRUSTEE 1.0
Director
$0 $0 $0
Josue Bessiake TRUSTEE 1.0
Director
$0 $0 $0
Sarah Dineen TRUSTEE 1.0
Director
$0 $0 $0
Ken Mastrocola TRUSTEE 1.0
Director
$0 $0 $0
Robert Hart Jr TREASURER 1.0
Officer Director
$0 $0 $0
David Shopper TRUSTEE 1.0
Director
$0 $0 $0
Chris Koeplin TRUSTEE 1.0
Director
$0 $0 $0
Dr Tony Laing TRUSTEE 1.0
Director
$0 $0 $0
Tyson J Lynch TRUSTEE 1.0
Director
$0 $0 $0
Dr Velda McRae-Yates TRUSTEE 1.0
Director
$0 $0 $0
January O'Neil TRUSTEE 1.0
Director
$0 $0 $0
Mags Harries TRUSTEE 1.0
Director
$0 $0 $0
Barbara Schaye TRUSTEE 1.0
Director
$0 $0 $0
John Sutyak SECRETARY 1.0
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $14,037,495 $16,147,310 $19,852,624 $-2,109,815
2023 $15,865,147 $16,133,010 $21,311,238 $-267,863
2022 $17,190,540 $17,016,825 $17,112,239 $173,715
2021 $17,973,351 $16,002,350 $16,506,023 $1,971,001
2020 $15,694,570 $15,361,556 $15,016,205 $333,014
2019 $15,937,582 $15,208,170 $13,630,343 $729,412
2018 $14,898,736 $14,485,724 $13,090,638 $413,012
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