Nonprofit · EIN 52-1859814
MONTSERRAT COLLEGE OF ART INC
Tax-exempt · BEVERLY, MA 01915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,355,381 | $15,877,593 | -$522,212 | $18,701,932 | $11,314,425 | $7,387,507 |
| June 30, 2024 | 990 | $14,037,495 | $16,147,310 | -$2,109,815 | $19,852,624 | $12,180,864 | $7,671,760 |
| June 30, 2023 | 990 | $15,865,147 | $16,133,010 | -$267,863 | $21,311,238 | $11,773,589 | $9,537,649 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,579,413
- of which government grants
- $420,678
- Program service revenue
- $11,690,981
- Investment income
- $705,714
- Net rental income
- $297,358
- Net gain from sales of assets
- $587,724
- Net income from fundraising events
- -$30,500
- Other revenue
- $379,273
Expenses
- Grants and similar amounts paid
- $4,459,670
- Compensation of officers, directors and key employees
- $555,624
- Other salaries and wages
- $4,741,070
- Salaries, compensation and benefits (total)
- $6,424,541
- Professional fundraising fees
- $0
- Legal fees
- $55,156
- Accounting fees
- $65,689
- Occupancy
- $1,526,599
- Travel
- $467,839
- Depreciation
- $600,715
- Program services (functional)
- $11,463,955
- Management and general (functional)
- $4,183,245
- Fundraising (functional)
- $230,393
Balance sheet and other
- Total assets, start of year
- $19,852,624
- Total assets, end of year
- $18,701,932
- Total liabilities, end of year
- $11,314,425
- Net assets, end of year
- $7,387,507
- Land, buildings and equipment
- $9,770,655
- Publicly traded securities
- $2,280,061
- Net assets without donor restrictions
- $3,757,444
- Net assets with donor restrictions
- $3,630,063
- Gross receipts
- $16,121,805
- Employees
- 273
- Volunteers
- 19
- Year formed
- 1992
- State of legal domicile
- MA
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 |
|---|---|---|---|---|
| Brian Pellinen | President Officer | 40 | $240,733 | $20,142 |
| Lisa Shawney | CFO Officer | 40 | $146,584 | $20,128 |
| Blyth Hazen | Trustee Faculty Rep Trustee or director | 40 | $68,220 | $9,221 |
| Mercedes Sherrod Evans | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael J Belliveau PhD | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Sutyak | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Robert Hart Jr | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Barbara Schaye | Trustee Trustee or director | 1 | $0 | $0 |
| Sarah Dineen | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Tony Laing PhD | Trustee Trustee or director | 1 | $0 | $0 |
| Reagan McCarthy | Trustee Student Rep Trustee or director | 1 | $0 | $0 |
| Katherine B Winter | Trustee Trustee or director | 1 | $0 | $0 |
| Ken Mastrocola | Trustee Trustee or director | 1 | $0 | $0 |
| Tyson J Lynch | Trustee Trustee or director | 1 | $0 | $0 |
| David Shopper | Trustee Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Koeplin | Trustee Trustee or director | 1 | $0 |
| Dr Velda McRae-Yates | Trustee Trustee or director | 1 | $0 |
| Mags Harries | Trustee Trustee or director | 1 | $0 |
| Oliver Parker | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brian Pellinen | PRESIDENT Officer | 40 | $216,646 | $20,860 |
| Lisa Shawney | CFO Officer | 40 | $153,715 | $19,498 |
| Blyth Hazen | TRUSTEE - FACULTY REP Trustee or director | 40 | $59,296 | $9,051 |
| Mercedes Sherrod Evans | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Dr Michael J Belliveau | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| Katherine B Winter | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Josue Bessiake | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Sarah Dineen | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Ken Mastrocola | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Robert Hart Jr | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| David Shopper | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Chris Koeplin | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Dr Tony Laing | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Tyson J Lynch | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Dr Velda McRae-Yates | TRUSTEE Trustee or director | 1 | $0 | $0 |
| January O'Neil | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Mags Harries | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Barbara Schaye | TRUSTEE Trustee or director | 1 | $0 | $0 |
| John Sutyak | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KURT STEINBERG | PRESIDENT Officer | 38 | $250,569 | $25,250 |
| LISA SHAWNEY | CFO Officer | 38 | $151,499 | $20,525 |
| BRIAN PELLINEN | INTERIM PRESIDENT/DEAN OF ACADEMIC AFFAIRS Officer | 38 | $121,400 | $17,933 |
| BLYTH HAZEN | TRUSTEE FACULTY REP Trustee or director | 38 | $61,162 | $0 |
| BARBARA SCHAYE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH M GISO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN SUTYAK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MERCEDES SHERROD EVANS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TYSON J LYNCH ESQ | VICE CHAIR OF BOARD RELATIONS Trustee or director | 1 | $0 | $0 |
| MICHAEL J BELLIVEAU PHD | VICE CHAIR OF ADVANCEMENT Trustee or director | 1 | $0 | $0 |
| SARAH DINEEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TONY LAING PHD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSUE BESSIAKE | STUDENT TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHRINE B WINTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RACHEL PERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS GRANT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENNETH TURNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRIS KOEPLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANUARY O'NEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF HAMILTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR VELDA MCRAE-YATES | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 23 ESSEX ST, BEVERLY, MA 01915-4508
- In care of
- % LISA SHAWNEY
- Principal officer (990 for 2024)
- LISA SHAWNEY, 23 Essex Street, Beverly, MA 01915
- Signed the 990
- LISA SHAWNEY, CFO
- Phone
- (978) 921-4242
- Website
- WWW.MONTSERRAT.EDU
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
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.
Program accomplishments
- MONTSERRAT HAS AN ACTIVE STUDENT BODY OF 360+ STUDENTS AS OF FALL 2024 AND EMPLOYS 70+ FACULTY MEMBERS. ITS SMALL SIZE ALLOWS FOR MORE ACADEMIC ATTENTION TO THE PROGRESS OF EACH INDIVIDUAL STUDENT. WE BELIEVE IN PREPARING OUR STUDENTS FOR SUCCESSFUL, ENJOYABLE CAREERS IN CREATIVE FIELDS. THAT'S WHY WE INCORPORATE EXPERIENCE-BASED LEARNING INTO OUR CURRICULUM AND ASSIST STUDENTS WITH FINDING MEANINGFUL INTERNSHIPS THAT MOST COMPLETE DURING THEIR JUNIOR YEAR. MONTSERRAT COLLEGE OF ART OFFERS A WIDE VARIETY OF ART, DESIGN AND WRITING PROGRAMS IN A STUDENT-CENTERED ENVIRONMENT THAT'S RIGOROUS, AND COLLABORATIVE.Expenses $11,463,955 · grants $4,459,670 · revenue $11,690,981
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
- 52-1859814
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40Z)
- Assets (IRS master file)
- $18,701,932
- Income (IRS master file)
- $16,121,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,355,381 | $15,877,593 | $18,701,932 | IRS |
| 990 | June 2024 | $14,037,495 | $16,147,310 | $19,852,624 | IRS |
| 990 | June 2023 | $15,865,147 | $16,133,010 | $21,311,238 | XML |
| 990 | June 2022 | $17,190,540 | $17,016,825 | $17,112,239 | IRS |
| 990 | 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 52-1859814).
Questions about MONTSERRAT COLLEGE OF ART INC
- What is the EIN of MONTSERRAT COLLEGE OF ART INC?
- The employer identification number (EIN) of MONTSERRAT COLLEGE OF ART INC is 52-1859814.
- Is MONTSERRAT COLLEGE OF ART INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MONTSERRAT COLLEGE OF ART INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTSERRAT COLLEGE OF ART INC 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 MONTSERRAT COLLEGE OF ART INC 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 MONTSERRAT COLLEGE OF ART INC 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 MONTSERRAT COLLEGE OF ART INC?
- The 990 for the year ended June 30, 2025 names LISA SHAWNEY.
- Who are the officers and directors of MONTSERRAT COLLEGE OF ART INC?
- The 990 for the year ended June 30, 2025 lists 19 people; 3 received compensation from the organization, the highest $240,733 (Brian Pellinen, President).
- How much revenue does MONTSERRAT COLLEGE OF ART INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,355,381, expenses of $15,877,593 and total assets of $18,701,932 at year end.
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