Pine Manor College FY2022 filing

IRS exemption revoked

Chestnut Hill, MA501(c)(3)Colleges & UniversitiesEIN 04-2321292Revenue $9.2M in FY2022

On file with the IRSpmc.edu400 Heath St, 02467-2332 · Chestnut Hill, MATax-exempt since Mar 1965School — 170(b)(1)(A)(ii)

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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.

66¢ of each $1 spent went to programs.
$551K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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-T
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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$551K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
$20.2M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 18 voting members
Worth a look: 6 of 18 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
-54% vs prior year
Spent
$12.7M
To programs
66%
Net assets
$12.8M
By yearFY2020–FY2022
Revenue
$9.2M
FY2022▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.9M
FY2022$9.2M
FY2022$359K
Expenses
$12.7M
FY2022▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$23.0M
FY2022$12.7M
FY2022$3.3M
Net assets
$12.8M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.0M
FY2022$12.8M
FY2022$0

From the FY2022 Form 990 (year ending May 2022) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026
You’re viewing the FY2022 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

66 cents of each dollar spent went to programs.

Program services 66% · $8.3M Management & general 31% · $3.9M Fundraising 3% · $412K

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

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Who runs it and what they're paid

21 people listed on the 990-T; $551K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$300,000Pt VII · Sec A
VP Advancement
$140,000Pt VII · Sec A
Former Director of Human Resources
$111,218Pt VII · Sec A
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

Questions for Pine Manor College

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Provided by the organization

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1 program · $8.3M · in their own filed words · FY2021
01

The college provides an undergraduate liberal arts education and a graduate degree in fine arts. Total enrollment is 60 students.

$8.3Mprogram expense

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 FY2022 990-T, line by line.

1The main four
Money in
$9.2M
Fees for services$7.4M
Gifts and grants$1.5M
Other income$330K
Money out
$12.7M
Programs$8.3M
Management$3.9M
Fundraising$412K
Owns and owes
$12.8M
net assets
Cash and savings$756K
Total assets$32.9M
Liabilities$20.2M
People
21
listed
Paid3
Voting board18
Independent6
2In more detail
Revenue in detail
Gifts and grants$1.5M
Government grants$706K
Fees for services$7.4M
Other income$330K
Total revenue$9.2M
Assets in detailEnd of year
Cash and savings together$756K
Total assets$32.9M
Liabilities$20.2M
Net assets$12.8M
Operations
Employees298
Volunteers20
Fiscal year endsMay
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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