Overview
What is Montserrat College Of Art Inc?
Montserrat College of Art Inc is a small, independent art college located at 23 Essex Street, Beverly, Massachusetts, with a student body of over 360 students and 70+ faculty members as of Fall 2021. Founded by working creative professionals, the college is dedicated to providing individualized education to artists and designers, focusing on their professional and personal success. Montserrat offers a wide range of art, design, and writing programs in a student-centered environment that emphasizes experiential learning, studio practice, liberal arts, and professional preparation. The college's mission is to ensure its graduates leave equipped with the necessary competence, confidence, and habits of mind to build lives of creative enterprise and community engagement. Accredited by the National Association of Schools of Art and Design (NASAD) and the New England Commission of Higher Education (NECHE), Montserrat College of Art awards the Bachelor of Fine Arts degree in ten studio concentrations. The non-profit institution is a member of the Association of Independent Colleges of Art and Design.
Official website here: www.montserrat.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Montserrat College of Art Inc received an impressive Four-Star rating from Charity Navigator, reflecting strong performance in Accountability & Finance. The organization excelled with a score of 92% in this area, indicating robust fiscal management and transparency. Notably, it boasts a fully independent board, with 90% of its members being independent, and it maintains a high level of oversight through its audit and oversight committee.
The nonprofit's financial practices are commendable, with no material diversion of assets reported, and comprehensive policies for conflict of interest and whistleblower protection in place. The program expense ratio stands at 74.40%, suggesting a significant portion of its expenditures directly support its mission. Additionally, its financial statements are accessible and organized, contributing to its overall accountability.
One point of concern is the liabilities to assets ratio at 55.24%, which indicates that over half of its assets are tied up in liabilities. While this is not uncommon, it signals that the organization should continue to monitor its financial health closely. Overall, Montserrat College of Art Inc demonstrates a commitment to accountability and effective use of resources, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Montserrat College Of Art Inc legitimate?
Montserrat College Of Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montserrat College Of Art Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $703,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,514,987
For more financial information, click here
Official website here: www.montserrat.edu
What is the mission statement of Montserrat College Of Art Inc?
Montserrat College of Art is a small, independent institution dedicated to providing personalized education for artists and designers. Founded by working creative professionals, the college emphasizes experiential learning, studio practice, liberal arts, and professional preparation. Its mission is to equip students with the necessary skills, confidence, and mindset to build successful creative careers and engage in their communities. Montserrat College of Art prides itself on being a cultural leader and economic driver in the region. Accredited by the National Association of Schools of Art and Design (NASAD) and the New England Commission of Higher Education (NECHE), the college offers Bachelor of Fine Arts degrees in ten studio concentrations. Additionally, it is a member of the Association of Independent Colleges of Art and Design.
Official website here: www.montserrat.edu
Who is the CEO of Montserrat College Of Art Inc?
Brian Pellinen is the Vice Chair Of Advancement of Montserrat College Of Art Inc.
Official website here: www.montserrat.edu
What is the revenue of Montserrat College Of Art Inc?
Montserrat College Of Art Inc's revenue in 2022 was $17,190,540.
Official website here: www.montserrat.edu
Who are the executives of Montserrat College Of Art Inc and what are their salaries?
The average compensation at Montserrat College Of Art Inc during 2022 was $17,934. There are 291 employees at Montserrat College Of Art Inc.
Here are 21 key members and their salaries:
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- Compensation: $57,692
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- Compensation: $263,692
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- Other: $23,929
- Compensation: $121,000
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- Other: $16,640
Official website here: www.montserrat.edu
Where can I find the form 990 for Montserrat College Of Art Inc?
Montserrat College Of Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montserrat.edu
Learn more at the official website: www.montserrat.edu
Mission Statement of Montserrat College Of Art Inc
Montserrat College of Art, a small independent art college, is dedicated to providing individualized education that maximizes the professional and personal success of each student. Founded by working creative professionals, the college's mission centers around experiential learning, studio practice, liberal arts, and professional preparation.
Montserrat College of Art prioritizes the growth and development of its students, ensuring they leave with the necessary competence, confidence, and habits of mind to build lives of creative enterprise and community engagement. The college recognizes its role as an economic driver and cultural leader in the arts community. Montserrat College of Art is a non-profit, independent art school, accredited by the National Association of Schools of Art and Design (NASAD) and the New England Commission of Higher Education (NECHE), enabling it to award the Bachelor of Fine Arts degree in ten studio concentrations. The institution is also a member of the Association of Independent Colleges of Art and Design.
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Impact
October, 2024
Montserrat College of Art is dedicated to fostering the professional and personal growth of artists and designers through an individualized educational approach. With an active student body of over 360 and a faculty of more than 70, the college provides a close-knit academic environment that ensures personalized attention and mentorship for each student.
The curriculum is designed around experiential learning, incorporating studio practice, liberal arts, and professional preparation. This approach equips students with the competencies and confidence necessary to excel in creative careers. Montserrat emphasizes the importance of real-world experience, encouraging students to pursue meaningful internships during their junior year, enhancing their readiness for the professional landscape.
Founded by creative professionals, Montserrat positions itself as both an economic driver and a cultural leader in the Beverly, MA region. The college's commitment to community engagement and artistic innovation positively impacts the local economy while cultivating a vibrant creative ecosystem. Graduates leave not only with a Bachelor of Fine Arts degree across various concentrations but also with the mindset to contribute significantly to their communities and the broader arts landscape.
This information is meant to be a general summary of Montserrat College Of Art Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $39,285
- Program Service Revenue: $14,749,803
- Gross Receipts: $17,310,420
Assets and Liabilities:
- Total Assets: $17,112,239
- Total Liabilities: $7,568,261
- Net Assets: $9,543,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERGRADUATE TUITION
Revenue
$10,892,005
STUDENT HOUSING
Revenue
$2,648,820
STUDENT FEES
Revenue
$726,530
CONTINUING EDUCATION
Revenue
$401,108
STUDENT ART SUPPLIES
Revenue
$81,340
Organization Details
Founding Year
1992
Phone
(978) 921-4242Principal Officer
Brian Pellinen
Main Address
23 ESSEX STREET, BEVERLY, MA, 01915
Website
www.montserrat.eduNTEE Category
Code: B40Z - Education
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