Share |

Montserrat College of Art, Inc.

 23 Essex Street
 Beverly, MA 01915
[P] (978) 921-4242 x 1111
[F] (978) 922-4268
http://www.montserrat.edu
[email protected]
Howard Amidon
Facebook Twitter
INCORPORATED: 1970
 Printable Profile (Summary / Full)
EIN 52-1859814

LAST UPDATED: 11/20/2015
Organization DBA
Former Names Montserrat School of Visual Art (1970)
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

Montserrat College of Art provides an intensive visual arts education that will enable students to sustain a lifelong involvement in art and design and to become informed, responsible members of society. In addition, Montserrat is committed to contributing to the cultural life of its surrounding communities. Through its undergraduate degree, diploma, and community-based learning programs, it offers a vital learning community for students deeply engaged in the study of art and design which encourages and nurtures their unique talents, visions, aspirations, and commitment,  a varied curriculum that challenges the individual, an accomplished and diverse faculty of artists, designers and scholars that is dedicated to reinforcing student progress and to promoting the highest standards of artistic and intellectual development, and a continuing array of public art programs, which enhances the cultural life of our campus and the surrounding communities.

Mission Statement

Montserrat College of Art provides an intensive visual arts education that will enable students to sustain a lifelong involvement in art and design and to become informed, responsible members of society. In addition, Montserrat is committed to contributing to the cultural life of its surrounding communities. Through its undergraduate degree, diploma, and community-based learning programs, it offers a vital learning community for students deeply engaged in the study of art and design which encourages and nurtures their unique talents, visions, aspirations, and commitment,  a varied curriculum that challenges the individual, an accomplished and diverse faculty of artists, designers and scholars that is dedicated to reinforcing student progress and to promoting the highest standards of artistic and intellectual development, and a continuing array of public art programs, which enhances the cultural life of our campus and the surrounding communities.


FinancialsMORE »

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $10,355,736.00
Projected Expense $10,255,669.00

ProgramsMORE »

  • Auxiliary Programs/Continuing Education
  • Bachelor of Fine Arts Degree/Diploma
  • Gallery and Visiting Artist Program

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Montserrat College of Art provides an intensive visual arts education that will enable students to sustain a lifelong involvement in art and design and to become informed, responsible members of society. In addition, Montserrat is committed to contributing to the cultural life of its surrounding communities. Through its undergraduate degree, diploma, and community-based learning programs, it offers a vital learning community for students deeply engaged in the study of art and design which encourages and nurtures their unique talents, visions, aspirations, and commitment,  a varied curriculum that challenges the individual, an accomplished and diverse faculty of artists, designers and scholars that is dedicated to reinforcing student progress and to promoting the highest standards of artistic and intellectual development, and a continuing array of public art programs, which enhances the cultural life of our campus and the surrounding communities.


Background Statement

 Montserrat was started by a group of 8 artists in 1970. Their goal was to offer a professional education in the visual arts while focusing on the individuality of their students. Montserrat received its formal accreditation as a college to award a four year Bachelor of Fine Arts degree in 1985. In 1995, the College moved into downtown Beverly and opened residence halls. In 2009, Montserrat built and opened the Student Village, an award winning green student residence hall, and an addition to the campus that boosted enrollment.

 

Montserrat College of Art offers the Bachelor of Fine Arts (BFA) degree in 9 concentrations, a 108-credit Diploma, initial licensure in art education for teachers (k-12), and minors in art history and creative writing. All students must complete a relevant 120 hour internship as part of their course of study. Through partnerships and programs, Montserrat also offers study-abroad opportunities in Italy, Mallorca, Japan, and other countries.

 

In 2005 and again recently, the College reaffirmed its desire to remain an independent college. The term "independent college of art" has particular significance in the art college realm because there are only 40 such institutions, 34 of which are in the United States.

 

While the particulars of the education have evolved in response to new technologies and the needs of the workplace, Montserrat’s core ethos has remained the same – to offer a rigorous and excellent visual arts education that challenges students to develop critical thinking and creative problem solving skills, their own unique vision, and expertise to communicate and express it. This is reinforced with small classes, faculty who know each student and teach to how they learn, constant supportive critique of their work, and a nurturing community. 

 

During the past five years, there has been an increased emphasis on professional preparation to help ready graduates for success in the arts, the broader creative economy, or other paths.  Montserrat alumni take the skills they have learned and apply them in a broad range of ways, from more direct “artsy” paths such as founding and working in galleries and studios across the region, to creative economy professions as photographers, art directors, illustrators and designers, to completely unique fields, including being the head of Threat Security for Boston’s Federal Reserve Bank, an organ builder and voicer with Fiske Organ, even a world famous fashion designer.


 

 


Impact Statement

A cultural leader, Montserrat offers numerous free public programs and exhibitions. Its four galleries present work by acclaimed and rising artists. The College offers a pre-college program for HS students, continuing ed programs for teens and adults, and many other events. A lead economic partner in the revitalization of downtown Beverly, Montserrat was integral to its Arts and Cultural District winning state designation. The College is also a key economic engine, adding more than $25 million last year.
 
1) 2,146 arts-related businesses operate within 10 miles of the college employing 9,050.In 2013, Montserrat assumed leadership of the Creative Economy Association of the North Shore, and in 2014 was designated as the North Shore Lead Partner for the Creative Economy Network by the Commonwealth of Massachusetts.
 
2) To benefit Beverly, Montserrat offers:
  • 2 annual full-tuition scholarships for Beverly students;
  • an Advanced Studio Art/College Intro Program at Beverly High to enable juniors and seniors to learn studio art in a master class setting with Montserrat faculty;
  • workshops to assist Beverly teachers with integrating arts more fully into their curriculum;
  • education students who complete teaching internships and practicums in area schools.
3) 1/2 of Montserrat alumni settle in Essex County, with 1 in 10 staying in Beverly. 75% remain in NE. They work in a wide variety of fields in and outside of the creative economy. Currently six alumni-owned businesses in operate in downtown Beverly. In the most recent alumni survey:
  • 72% are currently working in a job related to their field of study;
  • 56% stated that their primary income comes from art related activities.
4) Montserrat partners with area arts associations and organizations to enhance the cultural vitality of the region. It also maintains strong relationships with Raw Art in Lynn and Artists for Humanity in Boston, with faculty and staff serving as mentors and advisors to young people in their programs.
 

Needs Statement

Montserrat primarily serves a lower-middle-class demographic. 40% of students are Federal Pell Grant eligible. Many have diagnosed, or undiagnosed, learning disabilities and struggled in the standardized testing environment that dominates secondary education. Consequently many struggle with academic preparation and significant esteem issues. At Montserrat they are known, valued, and taught to how they learn. They succeed.
 
This education is transformational, building student’s skills and expertise, and the self-worth and confidence essential for success.To help support them the College annually awards more than $4 million in financial aid. Without it few would be able to attend - or earn a 4 year degree. Supporting this aid is the most pressing need.
  • $10,000 supplements a year for a student.
  • $100,000 in endowment creates an impactful scholarship in perpetuity.

Montserrat also has exciting opportunities for campus enhancement including:

  • All seniors have a studio to use for their thesis project. Providing studios for all juniors would add continuity and focus for their work and process;
  • A new larger Gallery on Cabot Street would bring more attention and visitors to the College and to the Arts and Culture District - a boon for local businesses and Montserrat’s enrollment.

 


CEO Statement

Montserrat is an intentionally small, caring and nurturing community. We are proud of the students we enroll and the alumni that we graduate. Our faculty is devoted to developing individual artistic vision in our students and their ability to present it through different artistic mediums, while preparing them to be well-rounded citizens, able and willing to contribute to society. Pedagogy is guided by principles of exemplary professional practice, rigorous work ethic, meaningful student-faculty relationships, community engagement, and cultural equity. This combination supports students as they transform themselves into adept artists and visual communicators.  While developing expertise in various artistic mediums, Montserrat students become creative problem solvers and critical thinkers who can convey complex information through their work. In doing so, they shape how we interpret, understand, and interact with our world. They are prepared for a life in art and the art of life. 

My proudest moments are when I meet alumni who have gone out into the world and used their education and preparation to do something remarkable. Many apply them directly in the creative economy - running galleries and studios across the region, working as professional photographers, art directors, illustrators, designers, and more. Others go off into to completely different fields. One founded a successful chain of chocolatiers, another is the Head of Threat Security for Boston’s Federal Reserve Bank another is an organ builder and voicer with Fiske Organ. They are limited by neither their skills nor imagination.


Board Chair Statement

 

At Montserrat, students transform themselves. The personalized education and nurturing environment encourage them to discover and refine their personal creative vision and how they express it. We see this most dramatically when we watch students whom we saw arrive as freshman – timid, anxious, often “decoratively attired” as they try to find some way to express themselves – walk confidently across the stage to receive their diploma.

As a board it is our job to support and help advance the environment that makes this growth and transformation possible. We have a responsibility as stewards but also to advance Montserrat. 100% of trustees support the College financially, but we also see it as our job to introduce people to the College, to tell its story.

I’m honored and excited to lead our Board of Trustees as we further the momentum of this vibrant small College as it readies students for success in the creative economy, or the many other paths their Montserrat education enables them to take.

 


Geographic Area Served

Throughout the United States

 

Montserrat has 385 enrolled students; 70 of whom are expected to graduate in 2015/16. 48% are from MA, 28% from the other 5 New England states, the remainder are from NY, NJ, TX, FL, OH and others. 70% of students live on or near campus. More than 50% of the College’s alumni now reside within 25 miles of campus.

 

Organization Categories

  1. Education - Higher Education
  2. Arts,Culture & Humanities - Arts Education
  3. Education - Higher Education

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Auxiliary Programs/Continuing Education

In addition to the BFA program, the college brings visual arts education to the greater community in three other ways. There is a Continuing Education program conducted on evening and weekends offering non-credit art courses for adults, teens, and youth. It provides professional instruction in the visual arts for the North Shore community. Secondly, a Pre-College Program for high school students runs in summer and targets aspiring artists who intend to pursue a Bachelor of Fine Arts degree. The curriculum, comprised of living on campus and mini-courses, helps students build the skills and the work for a college portfolio, while earning college credit. Lastly, another initiative includes student abroad, conferences and intensive workshop for artists. There is also a program of intensive master classes with nationally-known artists held for adults in week long sessions in the summer. 

Budget  $167,000.00
Category  Education, General/Other Extracurricular Arts & Culture
Population Served College Aged (18-26 years) Adults Children and Youth (0 - 19 years)
Program Short-Term Success 

Continuing Education creates a supportive environment with small class sizes, where all levels of artists are welcome to explore, learn new skills, and sharpen existing ones. It also serves to “friend-raise,” bringing potential donors to the college. The college is exploring partnerships to increase program enrollments and build on already-existing audiences. For example, the nearby Wenham Museum is a partner in offering young artist programs, and new plans were developed in 2010-2011 to teach youth art classes after school through the YMCA. Saturday intensive classes are another relatively new strategy that Continuing Education is exploring to develop its audience.

The Continuing Education, Pre-College and Auxiliary programs also enhance the image of the College, provide opportunities for Montserrat students, faculty and staff to teach,  and provide outreach to the community. 

Program Long-Term Success 

 The Continuing Education, Pre-College and Conference programs have goals which enhance the college’s revenue stream, ultimately contributing to the long-term financial success of the college. Additionally, the programs are successful in their connection with building collaborative relationships with arts organizations, community organizations, schools to grow the student base and the availability to the general public.  

 
Program Success Monitored By  These programs are reviewed annually by Senior Leadership, faculty and participants.  All programs are measured by demand of the audience, attendance, completion of courses, and repeat programming. Senior Leadership of the college conducts analysis and tracks performance on all facets of its programming.     
Examples of Program Success 
The most successful revenue and recruiting auxiliary program at Montserrat is the Pre-College Program. Recent changes in program scheduling have resulted in a 25% boost in enrollment. This program is an important source for recruitment of students to the of BFA program applicants. Historically, 10% of Pre-College students enroll in the full-time BFA program.  

Bachelor of Fine Arts Degree/Diploma

Montserrat College of Art offers the Bachelor of Fine Arts degree and four-year diplomas in the following concentrations: Art Education, Interdisciplinary Studies, Graphic Design, Illustration, Painting and Drawing, Photography and Video, Printmaking, Book Arts, Animation, and Sculpture. Community Education programs range from one-session workshops to intensive, residential summer institutes and cover topics and disciplines ranging from the foundations of visual arts, life drawing and photography to textile art, cartooning, and computer graphic design. Montserrat's public programs seek to broaden general knowledge of contemporary art and artists through free exhibitions, lectures, and demonstrations. In addition, Montserrat students can earn initial licensure in Art Education (K-12).

Budget  $4,340,000.00
Category  Education, General/Other Extracurricular Arts & Culture
Population Served College Aged (18-26 years) Children and Youth (0 - 19 years) Adults
Program Short-Term Success 
The personal direction and expertise that is offered to the students enables them to achieve their goals.  Through the mentoring process, they experience continuous improvement in education, graduate with a particular area of expertise, and complete a portfolio that demonstrates their professional preparation and development of a personal style.  A near term achievement for some is to continue their education in a graduate program.  The immediate short term achievement is completion of the Bachelor of Fine Arts degree and/or licensure in art education, and the ability to continue their education if desired.  
 
 
Program Long-Term Success 
Our current undergraduate population of 397 had a 79% (against national average of 76%) retention rate of students returning from last year. This is a strong indicator that our BFA program is successful. Enrollment and retention numbers provide quantitative assessment and results are strong and continuing to improve. Long term success is also measured by our students graduating with an art degree and obtaining employment in the creative sector. In 2009, a survey was conducted among Montserrat alumni that inquired about their current employment and the effectiveness of their college education in preparing them for life after graduation. The results showed that over 70% of respondents reported they are working in the arts. 
 
 
 
Program Success Monitored By 
The Mission of the college guides the assessment of all core programs.  All guidelines create clear expectations for learning during the student’s four years at the college. They are also strong measures for gauging the effectiveness of the Montserrat education. The academic programs are subject to ongoing review. Within each department, chairpersons establish course offerings, sequence, and frequency based on feedback from both faculty and students.  Periodic alumni surveys assess effectiveness of the curriculum from graduates’ perspectives. Comprehensive Departmental assessments include useful observations from outside evaluators and student surveys, as well as internal self-assessment. Goals developed by the Academic Dean also guide the academic program.
 
The institution is also accredited the National Association of Schools and Design (NASAD) and by the New England Association of Schools and Colleges (NEASC), and is required to meet compliance standards as regulated by the Department of Education Secondary Education.    

 

 
Examples of Program Success 

 Again, results of surveys conducted among Montserrat alumni indicates that over 70% of respondents reported they are working in the arts. Our students, alumni, faculty and staff have achieved many accomplishments and awards too numerous to list in this report.  A visit to our website and a view of the Montserrat blogs offer many examples of our students, alumni, faculty, and staff's successes in the various capacities in the creative field.  


Gallery and Visiting Artist Program

The college has four public art galleries and a vibrant exhibition program that enhances the students’ experience and engages outside community. The exhibition, discussion, and viewing of artwork are important aspects of a Montserrat education. The galleries are the sites of projects, reflection, and social interaction. The Gallery annually presents four exhibits of contemporary art by emerging and established artists of regional, national and international note, and two student exhibitions. The Schlosberg Alumni Gallery presents twelve exhibits of work by Montserrat faculty, alumni and visiting artists. The 301 Gallery showcases the work of Montserrat students and emerging artists. The Bear Gallery, a student run initiative, features student exhibitions. Finally, we have a Gallery space on campus at 24 Essex Street. New programs include professional practice offerings for students and the community, and a program called the Art Connection, which places art in non-profit, social service institutions in Essex County.

Budget  $225,000.00
Category  Arts, Culture & Humanities, General/Other Visual Arts Exhibitions
Population Served College Aged (18-26 years) Adults Adolescents Only (13-19 years)
Program Short-Term Success 

Montserrat’s Visiting Artist Program exposes students and the community audience to artists and art world professionals with a wide range of viewpoints and aesthetics. The program presents a diverse schedule of gallery and artist talks, lectures, performances, poetry readings, and other events that provide unique opportunities for firsthand discussion with professionals in the field. Its short term success is the high impact it adds to the education provided to the campus community, in particularly for the students. Guest artists, art directors, designers, illustrators and other professionals make presentations, share professional experiences, and conduct private or group critiques. 

 

 
 
 
Program Long-Term Success 

Gallery exhibitions and the Visiting Artist Program contribute significantly to the implementation of the college’s Mission by providing access to the arts on campus and in the surrounding community. All of the college gallery exhibitions and associated public programs are linked to the academic program. They are accessible to a wide audience, since they are free and open to the public. While staying true to the founders’ original Mission, the College continues to expand programs to better serve the needs of contemporary society and to bolster the creative economy. The program has enjoyed long term success in its lengthy existence since it began with the College and its continuous improvement and ranking in the art sector. 

 
Program Success Monitored By 
The Gallery and Visiting Artist Program is a teaching program. Students are taught in their own professional development in this area and are critiqued and graded in a variety of gallery-portfolio classes that specifically deal with real world applications.  
 
The success of the program is evident by the attendance from the internal and external community who attend the many exhibitions, lectures, show and events overseen by the Gallery and Visiting Artist Program.  Another indication of our success is the media coverage and exposure that the college receives for its cultural offering to the art world and community.  This is inclusive of major art publications, news media, radio and television. The college also has a social media network overseen by its Communications department who monitor the college's activity. 
 
Examples of Program Success  The Gallery and Visiting Artist program has a published track record of publications and followings in the art world. The schedule for all programming is projected two years out, and is at capacity; additionally,the program continues to grow and is experiencing even more success with its continued integration into the academic program and the additional focus on Profession Practice for Artists.  Examples of success are again too numerous to list in this report. A visit to our website and a view in the galleries section offers many examples of success in the Gallery and Visiting Artist Program.

CEO/Executive Director/Board Comments

Montserrat College of Art welcomes the opportunity to share its passion, plans and progress as a special place of higher education in the visual arts.  With changes in leadership, program, financial and planning processes, solid enrollment and retention performance, and continued strength in volunteer support, Montserrat has fully made the shift to a campus fully engaged in aggressive continuous improvement.  While challenges for all small private institutions of higher education are well known, Montserrat is well positioned to succeed and to continue to provide its students with outstanding preparation for lives of art and design.  The college takes pride in its intensive, undergraduate education in the visual arts.   

 

Central among many initiatives have been the College’s attention to it financial strength and the infrastructure that support operations. Additionally, new program development in education, professional preparation, continuing education, and media studies have laid the groundwork for building on Montserrat’s strong existing brand of personal attention, excellence in art, and community.  Outreach and ongoing development of important strategic partnerships have gained substantial traction.  While much more opportunity exists, the trajectory is again solid evidence of exciting and productive relationships to come.  Montserrat is an educationally vibrant and close-knit community, passionately, focused on the individual development of its students. Lastly, Montserrat is committed in it capability and impact as an educational institution and valued community partner.  


 

Management


CEO/Executive Director Dr. Stephen D. Immerman
CEO Term Start Nov 2009
CEO Email [email protected]
CEO Experience

President Stephen D. Immerman Ed.D is a seasoned, charismatic leader who, since taking the role of president of Montserrat in November 2009, has increased the college's enrollment, balanced the finances, and enhanced the academic environment with new faculty appointments, upgraded technologies, and renovated facilities.

Building on the strength of the college's rich history, Dr. Immerman aims to inspire innovation and enhance Montserrat's stimulating educational environment allowing each and every student to develop and realize their own creative vision.  While strengthening relations within both internal and external communities Dr. Immerman also provides steady support for the daily operational management of the college as a whole.

Dr. Immerman has dedicated his more than 30-year career promoting and establishing change in higher education to improve the lives of young adults. Prior to becoming Montserrat's president, he spent the majority of his career in a variety of departments at Massachusetts Institute of Technology; including student life, advancement, business management, operations, project management, and alumni relations. He is an influential speaker, effective fundraiser, and creative thinker.

An involved community leader, he currently serves on the boards of Beverly Main Streets, the North Shore Chamber of Commerce, the Essex National Heritage Commission, and the State University of New York, Potsdam College Foundation. Dr. Immerman is a native of Malone, New York. He holds a Doctor of Education Degree from the University of Pennsylvania, Certificates in Leadership from MIT and in Management from the Sloan School of Management at MIT, a Master of Science and Education from the University of New York, Albany, and a Bachelor of Arts in Psychology from the State University of New York, Potsdam.

Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Helena Judith Sturnick June 2007 Dec 2010
Mr. Stan Trecker July 2002 June 2007

Senior Staff

Name Title Experience/Biography
Howard Amidon Dean of Development --
Jo Broderick Dean of College Relations + Special Asst. to the President --
Laura Olmstead Tonelli Academic Dean --
Maureen Wark Dean of Students --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
New England Association of Schools and Colleges 1995
National Association of Schools of Art and Design - Accreditation 1985

Collaborations

--

CEO/Executive Director/Board Comments

As President, I feel privileged to be part of this community, to experience the endless creativity of the students, and their deep dedication to the practice of art," he said. "The quality of Montserrat's remarkable faculty and the close knit nature of the Montserrat College community breathe life into each and every element of the institution. Montserrat's environment is filled with respectful, inspiring, and inventive individuals who maintain both a passion for art and design as well as a grounded real-world entrepreneurial orientation. Montserrat's distinct atmosphere overflows with a sense of warmth and aspirational potential complemented by a strong emphasis on the professional practice of art. The entire Montserrat community recognizes that we all must be hands-on and flexible, ready to adapt to change to change, dedicated to excellence, and committed to contributing to one another and our community.

 


 

Foundation Comments

--

Staff Information

Number of Full Time Staff 51
Number of Part Time Staff 50
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % 97%

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 2
Caucasian: 97
Hispanic/Latino: 0
Native American/American Indian: 1
Other: 0
Other (if specified): 0
Gender Female: 66
Male: 35
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers 3
Management Succession Plan Yes
Business Continuity of Operations Plan Yes
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. John Colucci
Board Chair Company Affiliation McLane Middleton
Board Chair Term July 2015 - June 2018
Board Co-Chair --
Board Co-Chair Company Affiliation no affiliation
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Stephen C. Archer Keller-William Realty, Beverly, MA Voting
Mr. John Colucci McLane Voting
Mr. Lee Dellicker Windover Construction, LLC, Manchester, MA Voting
Mr. Ron DiRito Montserrat College of Art Voting
Mr. Gerald J. Donovan CLU ®, CLTC Northwestern Mutual Voting
Mr. R. Hilliard Ebling Windward Investment Management, Boston, MA Voting
Ms. Henrietta Gates Community Volunteer Voting
Ms. Miranda Gooding Glovsky and Glovsky, Beverly, MA Voting
Mr. William H. Hess American Tower Corporation, Boston, MA Voting
Mr. Alex Lamb Commonwealth Impact Partners Voting
Ms. Katrina Maestri Community Volunteer Voting
Ms. Joyce M. Moore Brookwood Financial Partners, Beverly, MA Voting
Mr. Richard O'Connor Partner, Johnson O’Connor Feron & Carucci LLP Voting
Ms. Olivia Parker Artist Voting
Ms. Jennifer Pinck Pinck & Co. Voting
Ms. Judy Schmid Judy Schmid Encaustic Studio Voting
Mr. William S. Wasserman Retired Voting
Mr. Barry Weiner Weiner & Voting
Mr. Michael Wheeler Beverly Cooperative Bank Voting
Ms. Katherine Winter Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 20
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 8
Male: 12
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 85%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 50%
Constituency Includes Client Representation Yes

Standing Committees

  • Board Governance
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Executive
  • Finance

CEO/Executive Director/Board Comments

Since 2010 Montserrat has made great strides in achieving financial stability and implementing a strategic model and business plan that secures the college’s future. The Board of Trustees have been instrumental in support and leadership in this area. We are also actively building the visibility and reach of the college in many sectors and communities where previously it had no presence.

Montserrat is deeply woven into the fabric of the North Shore. With the recent receipt of a planning grant from the NEA we will work with the city of Beverly and the Beverly Main Streets organization to create a new Arts and Culture District, of which Montserrat will serve as an appropriate anchor. Beyond vitalizing the city, this will inform future campus planning.

This is one example of the many initiatives Montserrat is undertaking to drive its value to our students, alumni and community, to our city and our region.

Best preparing our students for their lives after college is a priority. Most will not take a job out of school from which they will someday retire. Their nature and inclination as innovators, creative problem solvers and entrepreneurs will take them down many, sometimes multiple paths. Toward that end, working closely with a team of faculty, all of whom are working artists themselves, staff, and with advice from alumni and other experts, we have implemented a new professional preparation program. It is woven into the academic and studio curricula from freshman year but also supplemented with many varied presentations from visiting artists, alumni who are already living the life, and employers and professionals from the creative economy. The experience and advice they share about steps to take and avoid, skills to acquire, and how to promote one’s self and work in the “real world“ are invaluable. 

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $10,355,736.00
Projected Expense $10,255,669.00
Form 990s

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

2008 990

Audit Documents

2014 Audited Financials

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

2009 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $14,421,352 $13,613,975 $13,108,855
Total Expenses $14,009,826 $13,952,714 $13,120,639

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- -- --
Government Contributions $18,500 $62,200 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $18,500 $62,200 --
Individual Contributions $949,829 $666,846 $676,139
Indirect Public Support $0 -- --
Earned Revenue $12,985,235 $12,607,809 $12,203,873
Investment Income, Net of Losses $86,558 $13,729 $18,232
Membership Dues $0 -- --
Special Events $256,456 $207,572 $178,302
Revenue In-Kind -- -- --
Other $124,774 $55,819 $32,309

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $10,194,437 $10,852,560 $9,861,638
Administration Expense $3,627,480 $2,814,622 $2,896,532
Fundraising Expense $187,909 $285,532 $362,469
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.03 0.98 1.00
Program Expense/Total Expenses 73% 78% 75%
Fundraising Expense/Contributed Revenue 15% 30% 42%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $12,471,793 $11,880,499 $12,674,911
Current Assets $1,452,060 $874,816 $1,102,444
Long-Term Liabilities $7,508,023 $7,575,517 $8,062,534
Current Liabilities $1,321,644 $1,075,834 $1,035,236
Total Net Assets $3,642,126 $3,229,148 $3,577,141

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $704,245.00
Spending Policy N/A
Percentage(If selected) --
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 1.10 0.81 1.06

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 60% 64% 64%

CEO/Executive Director/Board Comments

 Montserrat had a very successful year in FY15 (7/1/14 – 6/30/15.) Good enrollment was bolstered by very strong fundraising and careful cash and budget management. The result was a net increase in operating income of $454,000, and appreciation of assets of $809,000, after depreciation.

While Montserrat’s retention and graduation rates remain above national average, enrollment remains the core challenge for most independent schools, particularly so for small schools. The number of college age students in New England will continue to shrink for the next several years. That, combined with ever-increasing discounts rates, has made it very competitive environment.

For Montserrat this was further complicated by a discussion, that became very public during spring 2015, of a possible merger with Salem State University. Major attractions to Montserrat have always been its small size, personalized education, and intimate, nurturing, community. While the merger proposed some clear benefits - expanded curricular and student life opportunities, and athletics among them - the possibility that Montserrat would be folded into a school of 10,000 clearly did not appeal to a number who likely would have otherwise enrolled. Due to changes in state government and funding the merger conversation was abandoned. Unfortunately, while the Montserrat received the most completed applications in its history, by the time the merger talks ended, many students had already enrolled elsewhere.

While it would be easy lay blame for this year’s soft enrollment on the merger conversation, the college is taking the other approach of aggressively analyzing our processes. Ruffalo Noel Levitz, the nation’s leading enrollment consultant, has been engaged to help review and advise on enrollment and discount strategies. Further, as part of its regular decennial reaccreditation by the National Association of Schools of Art and Design (NASAD), Montserrat has undertaken a strategic planning process involving a deep review of its academic programs as well as administrative functions.

After an 18 month hiatus, another consequence of the merger conversation, building the Board has been robustly resumed. A new chair was elected and three new trustees have joined the board since September 1, 2015. Additional members will be added during this fiscal year bringing new energy, vision, skills, and resources. This, combined with experienced senior administrative leadership, most of whom have been with the college for more than five years, sets the stage well for the college to continue to move forward.

 

Foundation Comments

Financial summary data in charts and graphs are per the organization's form 990s.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

-- To continue to provide a first-rate visual arts education that helps students to define their personal creative vision, and develop expertise in ways to express it. Through this process, they develop broadly applicable critical thinking, creative problem solving skills and learn how to work in a team environment, and to effectively give and receive critique. Further, to support their success after graduation by incorporating professional preparation throughout the 4-year curriculum, requiring an effective internship, offering opportunities to hear from and interact with creative economy professionals throughout their education, and by continuing to offer career services support prior to and after they graduate.

-- To be a cultural leader and economic driver enriching life in the City of Beverly and the greater North Shore.


2. What are your strategies for making this happen?

 -- Montserrat offers a rigorous and robust curriculum that is tied to teaching students to think and develop their own unique vision, rather than simply teaching them to make. Each student is an individual and most all learn differently. The college’s small size, and intimate nurturing culture, enable faculty to know each student and to teach to how they learn. Students are encouraged to take artistic and academic risks and are developed through supportive critique throughout.

-- As a cultural leader Montserrat annually offers a broad range of free and open to the public exhibitions, artist talks and presentations. It also offers lifelong learning through summer and continuing education programs for all ages.

-- The college is an economic driver through its leadership in the regional creative economy and its annual generation of more than $25 million in the regional economy. 


3. What are your organization’s capabilities for doing this?

-- Montserrat’s education is accredited by NEASC and NASAD, but more importantly the college has a faculty, Board and community who are committed to these ideals. For more almost 40 years the college has been delivering this education and nurturing community to generations of students who go on to make a life in art, and many other directions.

-- The college is also a proven partner with the City, and community, of Beverly and the region. Administration and faculty work closely with civic, business and social leaders to develop important initiatives, such as the recently state designated Arts and Culture District, and programs such as presenting, for free, internationally renowned African artist Wengchi Mutu at the Cabot Theater.


4. How will your organization know if you are making progress?

-- Progress at a college can be measured several ways:

  • Statistically the college’s graduation and retention rates exceed the national average. This is particularly compelling given the low socio-economic demographic that Montserrat primarily serves. Typically the group is much less successful in a four year college environment.
  • As important, if not more, are the lives our alumni build. Qualitatively, as mentioned above, we know that 72% are currently working in a job related to their field of study and 56% list that their primary income comes from art related activities. Qualitatively, our alumni are clear that they enjoy their lives and appreciate their Montserrat experience. While few go on to have careers in high finance, investments, or other highly lucrative fields, they live the lives they want – the lives that reflect who they are. 

 



5. What have and haven’t you accomplished so far?

 -- Montserrat has educated generations of young people – in the process helping them to find and transform themselves, and to identify and learn to express their creative vision. Montserrat is a partner and agent of change in the revitalization of downtown Beverly and in the vitality of the greater North Shore. Montserrat continues to enliven the lives of residents with a myriad of exhibitions and cultural projects.

 
-- There is always so much more to be done, new ideas to be explored. This is a challenging environment for small independent schools and, while much progress has been made during the past five years, continuing to build enrollment and financially strengthen the college is paramount. With additions to its campus the college will be able to offer more public programming and improved community life for its students. There are opportunities to create new programs to further enhance professional preparation such as a Design Lab where members of the non-profit and business community can seek help with projects. The work of looking forward never stops.