Pine Manor College FY2020 filing

IRS exemption revoked

Chestnut Hill, MA501(c)(3)Colleges & UniversitiesEIN 04-2321292

The mission of pine manor college is to make certain that all graduates are prepared to take meaningful steps in their lives: engaging in new jobs and careers, continuing to learn, and positively contributing to their communities. Students, including those who are the first in their families to attend college, who are looking for a purposeful education in a personalized and inclusive learning community, will find a home at pine manor college.

81¢ of each $1 spent went to programs.
$673K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $3.3M a year · 23% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$673K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.1M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.9M
Spent
$23.0M
To programs
81%
Net assets
$13.0M
By yearFY2020–FY2022
Revenue
$19.9M
FY2020
Revenue by fiscal year
FY2020$19.9M
FY2022$9.2M
FY2022$359K
Expenses
$23.0M
FY2020
Expenses by fiscal year
FY2020$23.0M
FY2022$12.7M
FY2022$3.3M
Net assets
$13.0M
FY2020
Net assets by fiscal year
FY2020$13.0M
FY2022$12.8M
FY2022$0

From the FY2020 Form 990 (year ending June 2020) · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Mar 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $18.7M Management & general 17% · $3.9M Fundraising 2% · $416K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990; $673K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$300,000Pt VII · Sec A
VP Advancement
$140,000Pt VII · Sec A
Dean of College
$130,000Pt VII · Sec A
Director of Human Resources
$103,000Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Thomas M O'Reilly’s $319K as President is at the 100th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2022FY2022FY2020
Thomas M O'Reilly$318,619$300,000$300,000
Janine Dailey$146,524$140,000$140,000
Melissa Yoffe$135,624——
Diane Mello-Goldner——$130,000
Shelley Dropkin—$111,218$103,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pine Manor College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares graduates for careers, further learning, and community contributions through a personalized education.

Provided by the organization

This section is blank until Pine Manor College claims this page.

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1 program service account for $18.7M of program spending, described in the organization's own filed words · FY2019.
01

The college provides an undergraduate liberal arts education and a graduate degree in fine arts. Total enrollment is 358 students.

$18.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$300
Grants paid · 1 grant · $1.6M · 2021–2021
Unitemized GrantFY2021$1,560,412

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.9M
Ln 12
Fees for servicesLn 2g$16.2M
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$712K
Money outPt IX
$23.0M
Ln 25
Programscol B$18.7M
Managementcol C$3.9M
Fundraisingcol D$416K
Owns and owesPt X
$13.0M
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$25.1M
LiabilitiesLn 26$12.1M
PeoplePt VI, VII
16
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$16.2M
Investment incomeLn 3$712K
Other incomeLn 4–11$316K
Gains on assetsLn 7$435K
Total revenueLn 12$19.9M
Assets in detailPt X, end of year
CashLn 1$368K
Cash and savings togetherLn 1–2$368K
InvestmentsLn 11–13$9.3M
Land, buildings, equipmentLn 10c$14.0M
Other assetsLn 15$305K
Total assetsLn 16$25.1M
LiabilitiesLn 26$12.1M
Net assetsLn 32$13.0M
OperationsPt I, VI
EmployeesI 5298
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$227K$368K
InvestmentsLn 11–13$9.6M$9.3M
Land, buildings, equipmentLn 10c$14.6M$14.0M
Total assetsLn 16$26.6M$25.1M
LiabilitiesLn 26$10.1M$12.1M
Net assetsLn 32$16.5M$13.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.9M$5.9M
Pay of current officers, directors and key staffLn 5$318K$191K$127K
Other salaries and wagesLn 7$6.3M$5.2M$1.0M$149K
Other employee benefitsLn 9$878K$736K$112K$30K
Payroll taxesLn 10$488K$400K$67K$21K
Legal feesLn 11b$352K$352K
Accounting feesLn 11c$330K$330K
Investment management feesLn 11f$49K$49K
Other fees for servicesLn 11g$1.4M$786K$627K$18K
Advertising and promotionLn 12$41K$15K$23K$3K
Office expensesLn 13$419K$362K$44K$13K
OccupancyLn 16$2.5M$2.2M$222K$28K
TravelLn 17$61K$58K$3K$633
InterestLn 20$134K$20K$114K$252
Depreciation, depletion and amortizationLn 22$367K$330K$33K$4K
InsuranceLn 23$187K$187K
Other expenses (24a–d)Ln 24$2.8M$2.4M$384K$2K
All other expensesLn 24e$504K$320K$164K$19K
Total functional expensesLn 25$23.0M$18.7M$3.9M$416K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 $9.2M$12.7M−$3.4M$12.8M 990 PDF
FY2021 Not on file
FY2020 Viewing $19.9M$23.0M−$3.1M$13.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $19,892,152 across 9 lines filed
VIII-1e Government grants$1,280,147
VIII-1f All other contributions, gifts and grants$1,394,929
VIII-1h Total contributions, gifts and grants$2,675,076
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,807,566 · Unrelated business $382,168$16,189,734
VIII-3 Investment incomeExcluded from tax $276,315$276,315
VIII-6 Net rental income or lossUnrelated business −$49,975−$49,975
VIII-7 Net gain or loss on sales of assetsExcluded from tax $435,208$435,208
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $365,794$365,794
VIII-12 Total revenueRelated to mission $16,173,360 · Unrelated business $332,193 · Excluded from tax $711,523$19,892,152
Part IX · Statement of functional expenses $23,014,815 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $5,904,239$5,904,239
IX-5 Pay of current officers, directors and key staffManagement $191,033 · Fundraising $127,356$318,389
IX-7 Other salaries and wagesPrograms $5,163,213 · Management $1,004,572 · Fundraising $148,874$6,316,659
IX-9 Other employee benefitsPrograms $735,663 · Management $112,209 · Fundraising $30,414$878,286
IX-10 Payroll taxesPrograms $400,364 · Management $67,071 · Fundraising $20,555$487,990
IX-11b Legal feesManagement $352,001$352,001
IX-11c Accounting feesManagement $329,757$329,757
IX-11f Investment management feesManagement $49,417$49,417
IX-11g Other fees for servicesPrograms $786,010 · Management $626,685 · Fundraising $18,238$1,430,933
IX-12 Advertising and promotionPrograms $14,781 · Management $22,737 · Fundraising $3,037$40,555
IX-13 Office expensesPrograms $362,176 · Management $43,821 · Fundraising $12,642$418,639
IX-16 OccupancyPrograms $2,200,229 · Management $222,174 · Fundraising $27,695$2,450,098
IX-17 TravelPrograms $57,712 · Management $3,096 · Fundraising $633$61,441
IX-20 InterestPrograms $20,055 · Management $113,799 · Fundraising $252$134,106
IX-22 Depreciation, depletion and amortizationPrograms $329,622 · Management $33,290 · Fundraising $4,150$367,062
IX-23 InsuranceManagement $186,594$186,594
IX-24 Other expenses (24a–d)Programs $2,398,385 · Management $384,117 · Fundraising $2,293$2,784,795
IX-24e All other expensesPrograms $320,400 · Management $164,011 · Fundraising $19,443$503,854
IX-25 Total functional expensesPrograms $18,692,849 · Management $3,906,384 · Fundraising $415,582$23,014,815
Part X · Balance sheet $25,101,977 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $227,261$368,442
X-3 Pledges and grants receivableStart of year $1,095,695$286,584
X-4 Accounts receivableStart of year $657,223$690,255
X-9 Prepaid expenses and deferred chargesStart of year $122,709$108,160
X-10c Land, buildings and equipment, netStart of year $14,599,077$14,030,051
X-11 Publicly traded securitiesStart of year $6,874,219$6,308,450
X-12 Other securitiesStart of year $2,747,487$3,005,237
X-15 Other assetsStart of year $262,547$304,798
X-16 Total assetsStart of year $26,586,218$25,101,977
X-17 Accounts payable and accrued expensesStart of year $2,097,586$3,157,482
X-19 Deferred revenueStart of year $990,778$165,464
X-20 Tax-exempt bond liabilitiesStart of year $4,938,948$4,687,314
X-25 Other liabilitiesStart of year $372,048$781,106
X-26 Total liabilitiesStart of year $10,060,257$12,113,839
X-27 Net assets without donor restrictionsStart of year $4,663,529$1,816,775
X-28 Net assets with donor restrictionsStart of year $11,862,432$11,171,363
X-32 Total net assets or fund balancesStart of year $16,525,961$12,988,138
X-33 Total liabilities and net assetsStart of year $26,586,218$25,101,977
Part XI · Reconciliation of net assets $12,988,138 net assets at year end
XI-1 Total revenue$19,892,152
XI-2 Total expenses$23,014,815
XI-3 Revenue less expenses−$3,122,663
XI-4 Net assets at start of year$16,525,961
XI-5 Net unrealized gains (losses) on investments−$473,404
XI-9 Other changes in net assets$58,244
XI-10 Net assets at end of year$12,988,138

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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