THE NEW ENGLAND COLLEGE OF OPTOMETRY Charity Report

Public IRS 990 nonprofit record

THE NEW ENGLAND COLLEGE OF OPTOMETRY

EIN 04-1591060 · Education (B)

What they do

SEE SCHEDULE OTHE MISSION of NEW ENGLAND COLLEGE of OPTOMETRY is to CHANGE THE WAY PEOPLE SEE THE WORLD.WE DO SO BY:- INTEGRATING INNOVATIVE EDUCATION WITH EARLY and DIVERSE CLINICAL EXPERIENCES to PREPARE TODAYS OPTOMETRISTS for TOMORROWS OPTOMETRY.- ADVANCING THE FRONTIERS of OPTOMETRIC KNOWLEDGE THROUGH EVIDENCE-BASED RESEARCH and THEN APPLYING THIS KNOWLEDGE to IMPROVE PATIENTS LIVES WORLDWIDE.- CULTIVATING COMPASSIONATE CARE of THE HIGHEST LEVEL of PROFICIENCY, INTEGRITY, and PROFESSIONALISM; INFLUENCING PUBLIC POLICY; EXPANDING ACCESS to COMPREHENSIVE and SPECIALTY OPTOMETRIC SERVICES; and EMPHASIZING A SENSITIVITY to THE HEALTH and SOCIAL WELFARE of DIVERSE COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

58.88%of revenue went to mission work71.3% of expenses · Program services

1.32%of revenue went to fundraising1.6% of expenses

$82.58spent for every $100 of revenueRevenue covered expenses this year.

22.37%of revenue went to management and office costs27.1% of expenses

$3.66in assets for every $1 spent this yearSome assets cannot be spent right away.

3.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $714,722 for HOWARD PURCELL (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$31,939,924

Mission workProgram services$18,807,41158.88% of revenue71.3% of expenses

ManagementOffice and general costs$7,146,54522.37% of revenue27.1% of expenses

FundraisingAsking for donations$422,5261.32% of revenue1.6% of expenses

Revenue left after expensesReported annual surplus$5,563,44217.42% of revenueShown in gray on the chart

Total expenses$26,376,48282.58% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.3% mission · 27.1% management · 1.6% fundraisingTotal expenses: 82.58% of revenue

2023Expense mix: 72.2% mission · 26.3% management · 1.5% fundraisingTotal expenses: 84.07% of revenue

2022Expense mix: 72.5% mission · 24.3% management · 3.2% fundraisingTotal expenses: 84.83% of revenue

2021Expense mix: 73.3% mission · 24.5% management · 2.2% fundraisingTotal expenses: 79.12% of revenue

2020Expense mix: 71.5% mission · 26.0% management · 2.5% fundraisingTotal expenses: 73.73% of revenue

2019Expense mix: 73.7% mission · 23.1% management · 3.2% fundraisingTotal expenses: 79.37% of revenue

2018Expense mix: 73.0% mission · 25.1% management · 1.9% fundraisingTotal expenses: 81.53% of revenue

2017Expense mix: 65.6% mission · 32.9% management · 1.5% fundraisingTotal expenses: 70.94% of revenue

Money in and money out

Revenue$31,939,924

Expenses$26,376,482

Annual surplus $5,563,442 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$18,807,411 · 71.3% of expenses

Management and office costs$7,146,545 · 27.1% of expenses

Fundraising$422,526 · 1.6% of expenses

See all reported dollar amounts

Revenue$31,939,924

Expenses$26,376,482

Assets$96,585,845

Income$51,499,402

Contributions$1,106,055

Mission work (program services)$18,807,411

Fundraising$422,526

Management and general$7,146,545

Stocks and bonds$69,669,003

Accounting fees$58,707

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HOWARD PURCELLPRESIDENT · 40 hrs/week $714,722Base $651,662 · Other $63,060

TRACI LOGANTREASURER/EVP/COO · 40 hrs/week $560,451Base $517,308 · Other $43,143

ERIK M WEISSBERGVP/DEAN · 40 hrs/week $331,862Base $307,902 · Other $23,960

GARY Y CHUVP/PROFESSIONAL AFFAIRS · 40 hrs/week $225,264Base $204,786 · Other $20,478

STACY A LYONSPROFESSOR · 40 hrs/week $216,302Base $177,543 · Other $38,759

PETER MADDOCKSEXEC DIR FIN OPERATIONS · 40 hrs/week $212,578Base $182,902 · Other $29,676

STEVEN B KOEVARYPROFESSOR · 40 hrs/week $211,636Base $185,018 · Other $26,618

ATHANASIOS PANORGIASTRUSTEE/PROFESSOR · 40 hrs/week $207,162Base $177,697 · Other $29,465

AURORA DENIALPROFESSOR · 40 hrs/week $199,046Base $161,504 · Other $37,542

BINA J PATELPROFESSOR · 40 hrs/week $187,925Base $162,224 · Other $25,701

SHAWNE K GILLIESDIR FACILITIES/CAMPUS PLNG · 40 hrs/week $186,190Base $157,819 · Other $28,371

MOLLIE S FORMANSECRETARY/MANAGER · 40 hrs/week $99,770Base $77,484 · Other $22,286

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

HOWARD PURCELLPRESIDENT

TRACI LOGANTREASURER/EVP/COO

ERIK M WEISSBERGVP/DEAN

GARY Y CHUVP/PROFESSIONAL AFFAIRS

STACY A LYONSPROFESSOR

PETER MADDOCKSEXEC DIR FIN OPERATIONS

STEVEN B KOEVARYPROFESSOR

ATHANASIOS PANORGIASTRUSTEE/PROFESSOR

AURORA DENIALPROFESSOR

BINA J PATELPROFESSOR

SHAWNE K GILLIESDIR FACILITIES/CAMPUS PLNG

MOLLIE S FORMANSECRETARY/MANAGER

ADDY R REITERASST SECRETARY/OFFICE MANAGER

SUSAN PRIMOTRUSTEE

VALARIE RICCIARDITRUSTEE

ROBERT MEENANTRUSTEE

RICHARD HELLERBOARD CHAIR

RACHEL NEGRISTRUSTEE

KRISTEN GRIEBELTRUSTEE

MYRON ALLUKIAN JRTRUSTEE

MELVIN MINGTRUSTEE

LINDA BENNETTTRUSTEE

KAREN ENGTRUSTEE

JONATHAN MARCUSTRUSTEE

JOHN STEFANINITRUSTEE

DOROTHY L HITCHMOTHBOARD VICE CHAIR

ANNE KAVANAGHTRUSTEE

ANDREW MORGENSTERNTRUSTEE

ALAN GLAZIERTRUSTEE

About this charity

Recognized since: January 1948
Location: 424 BEACON ST, BOSTON, MA 02115-1129
County: Suffolk
In care of: % NEWE
Primary officer: HOWARD PURCELL OD, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(617) 266-2030

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Education (B)
IRS tax category: Education