NonprofitsNew England College Of Optometry

New England College Of Optometry

BOSTON, MA

Total revenue

$30.8M

Total expenses

$25.9M

Net assets

$74.6M

Grants received

$1.2M

39 grants

EIN

041591060

Tax year

2023

Mission

Changing the way people see the world through optometric education, discovery and service.

Programs

3 programs

Research - the college advances the frontiers of optometric knowledge and translates that knowledge to improve patients' lives worldwide by reducing vision loss and transforming the delivery of eye care. Neco has an international reputation in clinically relevant areas of research including myopia, low vision rehabilitation, and pediatrics. Neco faculty provides excellent teaching and research, with support from the nih, other government agencies, foundations, and industry. Student participation in research graduate programs is encouraged, with mentorship from faculty. In fy2024 the college received revenue from 25 grants and contracts, 10 of which were sponsored by u.s. Department of health and human services.

Expenses: $2.0M

International programs - the new england college of optometry is committed to the development of partnerships and educational programs that advance the quality of vision and eye care globally through partnerships and sponsorships with colleges and universities in europe, asia and the middle east. Neco faculty have played a key role in extending optometric education to other countries, including china, israel, south africa, and spain in fy2024.

Expenses: $213KGrants: $34K

Continuing professional education and conferences - the college provides patient-centered, clinically relevant education to support lifelong learning for optometrists.

Expenses: $29K

Financials

FY 2023

Revenue

Contributions & grants$1.1M
Program service revenue$26.4M
Investment income$2.1M
Other revenue$1.2M
Total revenue$30.8M

Expenses

Grants paid$1.7M
Salaries & benefits$14.0M
Fundraising$398K
Other expenses$10.2M
Total expenses$25.9M
Total assets$88.1M
Net assets$74.6M

People

30 listed

NameRoleCompensation

HOWARD PURCELL

PRESIDENT

Board

$603K

40 hrs/wk

TRACI LOGAN

TREASURER/EVP/COO/CFO

Board

$497K

40 hrs/wk

ATHANASIOS PANORGIAS

TRUSTEE/PROFESSOR

Board

$165K

40 hrs/wk

ASHLEY SLOANE

SECRETARY (UNTIL 12/31/23)

Board

$72K

40 hrs/wk

MOLLIE S FORMAN

SECRETARY/MANAGER

Board

$70K

40 hrs/wk

ADDY R REITER

ASST SECRETARY/ADMIN ASST

Board

$46K

40 hrs/wk

ANDREW MORGENSTERN

TRUSTEE

Board

3 hrs/wk

RACHEL NEGRIS

TRUSTEE

Board

3 hrs/wk

SUSAN PRIMO

TRUSTEE

Board

3 hrs/wk

VALARIE RICCIARDI

TRUSTEE

Board

3 hrs/wk

DOROTHY L HITCHMOTH

TRUSTEE

Board

3 hrs/wk

RICHARD HELLER

BOARD VICE CHAIR

Board

3 hrs/wk

KRISTEN GRIEBEL

BOARD CHAIR

Board

3 hrs/wk

ALAN GLAZIER

TRUSTEE

Board

3 hrs/wk

RONALD R FERRUCCI

TRUSTEE

Board

3 hrs/wk

KAREN ENG

TRUSTEE

Board

3 hrs/wk

LINDA BENNETT

TRUSTEE

Board

3 hrs/wk

COLIN L LEITCH

TRUSTEE (UNTIL 02/05/24)

Board

3 hrs/wk

MYRON ALLUKIAN JR

TRUSTEE

Board

3 hrs/wk

JON MARCUS

TRUSTEE

Board

3 hrs/wk

ROBERT MEENAN

TRUSTEE

Board

3 hrs/wk

MELVIN MING

TRUSTEE

Board

3 hrs/wk

ERIK M WEISSBERG

VP/DEAN

Staff

$297K

40 hrs/wk

FUENSANTA VERA-DIAZ

DIR RESEARCH

Staff

$203K

40 hrs/wk

GARY Y CHU

VP/PROFESSIONAL AFFAIRS

Staff

$202K

40 hrs/wk

STEVEN B KOEVARY

PROFESSOR

Staff

$190K

40 hrs/wk

PETER MADDOCKS

EXEC DIR FIN OPERATIONS

Staff

$177K

40 hrs/wk

STACY LYONS

PROFESSOR

Staff

$174K

40 hrs/wk

DEBORA L NICKLA

PROFESSOR

Staff

$161K

40 hrs/wk

SHAWNE K GILLIES

DIR FACILITIES/CAMPUS PLNG

Staff

$153K

40 hrs/wk

Independent contractors

NOODLE PARTNERS INC

HYBRID OD PROGRAM DEVELOPMENT

$306K

REGENTS OF UNIVERSITY OF CALIFORNIA

SUBCONTRACT RESEARCH

$177K

CRJ ENTERPRISE CORP

BUILDING CONTRACTOR SERVICES

$154K

PARADIGM MEDICAL COMMUNICATIONS LLC

CONTINUING MEDICAL EDUCATION PROGRAMS

$130K

CRAWFORD & ASSOCIATES

MARKETING CONSULTING SERVICES

$130K

Grants received

Showing 39 of 39

FromAmountPurposeYear
$12K
CASH GRANT FOR OPERATIONS
2024
$2K
SCHOLARSHIPS
2024
$61K
SUB-AWARD
2023
$15K
CASH GRANT FOR OPERATIONS
2023
$10K
Scholarship for Tabarek Kadhim ($10,000)
2023
$2K
SEE STATEMENT #9
2023
$2K
SCHOLARSHIPS
2023
$85K
SUB-AWARD
2022
$25K
EDUCATION
2022
$10K
CASH GRANT FOR OPERATIONS
2022
$3K
SEE STATEMENT #9
2022
$210K
RESEARCH GRANT
2021
$53K
SUB-AWARD
2021
$20K
ARTS, CULTURE, & HUMANITIES
2021
$20K
CASH GRANT FOR OPERATIONS
2021
$58K
SUB-AWARD
2020
$55K
Breaking Through - Advancing Career Paths in Optometry for Underrepresented Minorities
2020
$20K
CASH GRANT FOR OPERATIONS
2020
$109K
SUB-AWARD
2019
$14K
CASH GRANT FOR OPERATIONS
2019
$23K
CASH GRANT FOR OPERATIONS
2018
$50K
CAREER DEVELOPMENT AWARD
2017
$8K
EDUCATION
2017

Funded by

$1.2M from 13 funders · 39 grants · 2017–2024

Northeastern University

$366K · 5 grants · 2019–2023

American Academy Of Optometry

$264K · 7 grants · 2017–2023

Donor Advised Charitable Giving Inc

$153K · 3 grants · 2019–2022

Collier Community Foundation Inc

$140K · 7 grants · 2017–2023

Boston Center For Blind Children Inc

$113K · 7 grants · 2018–2024

The Coca-Cola Foundation Inc

$55K · 1 grant · 2020

American Academy Of Optometry

$50K · 1 grant · 2017

H Eric Cushing Foundation

$25K · 1 grant · 2022

Details

EIN041591060
Subsection03
Ruling date1948-01
Formed1894
Employees354
Volunteers50
NEW ENGLAND COLLEGE OF OPTOMETRY — Mission, Financials & Grants Received | Grantivo