NonprofitsIllinois College Of Optometry

Education

Illinois College Of Optometry

CHICAGO, IL

Total revenue

$37.1M

Total expenses

$38.5M

Net assets

$69.9M

Grants received

$2.1M

62 grants

EIN

362310478

Tax year

2023

Mission

The mission of the Illinois College of Optometry is to develop highly qualified clinical optometrists through excellence in optometric education.

Programs

3 programs

CLINIC: The Illinois Eye Institute (IEI) acts as a safety net provider of eye and vision services for the Chicago area, serving diverse patients with complex needs. The clinic received approximately 85,000 patient visits in the previous year (48,000 to providers, 37,000 to optical). The site is a vital community resource for Medicaid and Medicare carriers, as well as underinsured and uninsured patients. Specialty areas of the clinic include (but are not limited to) Pediatrics, Development Disability Clinics, Binocular Vision Service, Urgent Care, Cornea and Contact Lenses, Glaucoma Care, Retina and Vitreous Care, and Low Vision Care. The IEI acts as a teaching clinic that aides in the education of students as they pursue Doctor of Optometry degrees.

Expenses: $9.2M

DORMITORY: The Residential Complex provides affordable and safe on-campus living quarters for optometry students, prospective students, visitors, and their families. The RC hosts events to promote camaraderie and healthy student life. In addition, exam lanes are available in the RC for the exclusive use of its residents.

Expenses: $685KGrants: $64K

The organization receives other program service revenue related to its bookstore, faculty research, student loans and administration of illinois eye institute.

0

Financials

FY 2023

Revenue

Contributions & grants$2.7M
Program service revenue$32.9M
Investment income$1.3M
Other revenue$210K
Total revenue$37.1M

Expenses

Grants paid$2.4M
Salaries & benefits$23.7M
Fundraising$329K
Other expenses$12.3M
Total expenses$38.5M
Total assets$99.1M
Net assets$69.9M

People

35 listed

NameRoleCompensation

Mark Colip OD

President

Board

$416K

35 hrs/wk

Christa Ojeda CPA

VP of Business and Finance/CFO

Board

$250K

35 hrs/wk

Tracy Matchinski OD FAAO

Professor of Optometry / Board of Trustees

Board

$147K

35 hrs/wk

Osvaldo Lopez MD

Board of Trustees

Board

$4K

1 hrs/wk

Nicole Wheatly

Board of Trustees

Board

1 hrs/wk

Philip Hasler OD

Board of Trustees

Board

1 hrs/wk

Roberto Lucca OD

Board of Trustees

Board

1 hrs/wk

Dwain Hahs

Board of Trustees-Treasurer (End 10/2023)

Board

Shawn Mallady OD

Board of Trustees

Board

1 hrs/wk

Steven Lee OD

Board of Trustees

Board

1 hrs/wk

Thomas Duchardt FAAO

Board of Trustees

Board

1 hrs/wk

Timothy Tsang OD FAAO

Board of Trustees

Board

1 hrs/wk

Vasvi Babu OD

Board of Trustees (End 10/2023)

Board

Sandra Bury OD

Board of Trustees

Board

1 hrs/wk

Dwight Ackerman OD MBA FAAO

Chairman of the Board (End 10/2023)

Board

Kevin Danahey OD

Vice Chairman of the Board

Board

1 hrs/wk

Nana Owusu OD

Board of Trustees- Secretary

Board

1 hrs/wk

Scott Jens OD FAAO

Chairman of the Board

Board

1 hrs/wk

Steven Schneider CPA

Board of Trustees-Treasurer

Board

1 hrs/wk

Casey Hogan OD FAAO FSLS

Board of Trustees (End 10/2023)

Board

James Wachter OD

Board of Trustees

Board

1 hrs/wk

Jeffrey Johnson OD MBA CFA

Board of Trustees

Board

1 hrs/wk

Joseph Derezinski

Board of Trustees

Board

1 hrs/wk

Karen Eng OD

Board of Trustees (End 10/2023)

Board

Michael LoPiano MBA

Board of Trustees

Board

1 hrs/wk

Mohammed Eid OD

Board of Trustees

Board

1 hrs/wk

Stephanie Messner OD

VP of Academic Affairs

Staff

$279K

35 hrs/wk

Leonard Messner OD

VP of Patient Care

Staff

$266K

35 hrs/wk

Zhiyong Daniel Ren

Chief Operating Officer at IEI

Staff

$234K

35 hrs/wk

Erik Mothersbaugh OD

Dean for Student Affairs

Staff

$231K

35 hrs/wk

Yi Pang OD

Professor of Optometry

Staff

$209K

35 hrs/wk

Anne Rozwat OD

Professor of Optometry

Staff

$188K

35 hrs/wk

Michael Chaglasian OD

Professor of Optometry

Staff

$183K

35 hrs/wk

Daniel Roberts OD

Professor of Optometry

Staff

$182K

35 hrs/wk

Geoffrey Goodfellow OD

Professor of Optometry

Staff

$180K

35 hrs/wk

Independent contractors

Crowe LLP

Audit and Tax Services

$121K

Grants received

Showing 62 of 62

FromAmountPurposeYear
$50K
EYE CARE
2024
$4K
UNRESTRICTED GENERAL
2024
$125K
GENERAL SUPPORT
2023
$50K
EYE CARE
2023
$10K
Scholarship for Jason Yu ($10,000)
2023
$5K
GENERAL PURPOSE
2023
$3K
UNRESTRICTED GENERAL
2023
$1K
SCHOLARSHIP
2023
$125K
GENERAL SUPPORT
2022
$50K
EYE CARE
2022
$50K
TO ADDRESS THE UNMET VISION AND EYE CARE NEEDS OF CPS STUDENTS AND LOW-INCOME ADULTS
2022
$35K
TO PROVIDE EDUCATION AND TRAINING AND HEALTHCARE TO COMMUNITIES THROUGHOUT THE US.
2022
$10K
GENERAL OPERATING SUPPORT
2022
$10K
SOCIAL ASSISTANCE
2022
$5K
HEALTH AND HUMAN SERVICES
2022
$2K
SCHOLARSHIP
2022
$100K
GENERAL SUPPORT
2021
$50K
TO ADDRESS THE UNMET VISION AND EYE CARE NEEDS OF CPS STUDENTS AND LOW-INCOME ADULTS
2021
$35K
EYE CARE
2021
$20K
ADDRESSING THE UNMET NEEDS OF UNDERSERVED CHICAGO PUBLIC SCHOOL CHILDREN
2021
$11K
TO FURTHER OPTOMETRIC EDUCATION
2021
$1K
YOUTH ORGANIZATIONS
2021
$43K
COMMUNITY SERVICES
2020
$25K
EYE CARE
2020
$12K
TO FURTHER OPTOMETRIC EDUCATION
2020
$10K
SOCIAL ASSISTANCE
2020
$8K
For grant recipient's exempt purposes
2020
$5K
GENERAL PURPOSE
2020
$3K
UNRESTRICTED GENERAL
2020
$1K
HEALTH AND HUMAN SERVICES
2020
$750
HEALTH AND HUMAN SERVICES
2020
$100K
For addressing the Unmet Vision and Eye Care Needs of Underserved Patient Populations/For general operating support
2019
$9K
TO FURTHER OPTOMETRIC EDUCATION
2019
$8K
For grant recipient's exempt purposes
2019
$5K
PROGRAM SUPPORT
2019
$43K
GENERAL OPERATING SUPPORT
2018
$4K
UNRESTRICTED GENERAL
2018
$268K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$238K
HEALTH & HUMAN SERVICES
2017
$150K
For the CPS Vision Clinic and Diabetes Eye Clinic
2017
$85K
GENERAL OPERATING SUPPORT
2017
$16K
TO FURTHER OPTOMETRIC EDUCATION
2017

Funded by

$2.1M from 23 funders · 62 grants · 2017–2024

Children's Care Foundation

$350K · 3 grants · 2021–2023

Lloyd A Fry Foundation

$350K · 4 grants · 2017–2022

Fidelity Investments Charitable Gift Fund

$283K · 3 grants · 2017–2020

Donor Advised Charitable Giving Inc

$258K · 2 grants · 2017–2023

The Alcon Foundation Inc

$210K · 5 grants · 2020–2024

The Chicago Community Trust

$128K · 2 grants · 2017–2018

Polk Bros Foundation Inc

$125K · 3 grants · 2020–2022

American Academy Of Optometry

$62K · 7 grants · 2017–2023

Details

EIN362310478
NTEE codeB500
Subsection03
Ruling date1956-06
Formed1955
Employees603
Volunteers18
ILLINOIS COLLEGE OF OPTOMETRY — Mission, Financials & Grants Received | Grantivo