ILLINOIS COLLEGE OF OPTOMETRY Charity Report

Public IRS 990 nonprofit record

ILLINOIS COLLEGE OF OPTOMETRY

EIN 36-2310478 · Education (B500)

What they do

The Mission of The Illinois College of Optometry is to Develop Highly Qualified Clinical Optometrists Through Excellence In Optometric Education Who Will Strive to "seek That All Will Receive Optimal Healthcare".

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.60 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 leaders32 people are listed in the latest report.

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

Money made simple

65.71%of revenue went to mission work76.6% of expenses · Program services

0.66%of revenue went to fundraising0.8% of expenses

$85.79spent for every $100 of revenueRevenue covered expenses this year.

19.42%of revenue went to management and office costs22.6% of expenses

$2.71in assets for every $1 spent this yearSome assets cannot be spent right away.

14.6%of its money came from giftsOther money may come from services or investments.

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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 $491,412 for MARK COLIP OD (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$45,393,261

Mission workProgram services$29,828,06865.71% of revenue76.6% of expenses

ManagementOffice and general costs$8,813,71219.42% of revenue22.6% of expenses

FundraisingAsking for donations$301,3470.66% of revenue0.8% of expenses

Revenue left after expensesReported annual surplus$6,450,13414.21% of revenueShown in gray on the chart

Total expenses$38,943,12785.79% 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: 76.6% mission · 22.6% management · 0.8% fundraisingTotal expenses: 85.79% of revenue

2023Expense mix: 74.9% mission · 24.2% management · 0.9% fundraisingTotal expenses: 103.71% of revenue

2022Expense mix: 75.6% mission · 23.6% management · 0.8% fundraisingTotal expenses: 95.55% of revenue

2021Expense mix: 77.4% mission · 21.9% management · 0.8% fundraisingTotal expenses: 93.30% of revenue

2020Expense mix: 72.2% mission · 26.4% management · 1.4% fundraisingTotal expenses: 88.18% of revenue

2019Expense mix: 74.1% mission · 24.4% management · 1.4% fundraisingTotal expenses: 99.07% of revenue

2018Expense mix: 74.3% mission · 24.6% management · 1.1% fundraisingTotal expenses: 94.68% of revenue

2017Expense mix: 73.0% mission · 25.7% management · 1.3% fundraisingTotal expenses: 96.74% of revenue

Money in and money out

Revenue$45,393,261

Expenses$38,943,127

Annual surplus $6,450,134 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)$29,828,068 · 76.6% of expenses

Management and office costs$8,813,712 · 22.6% of expenses

Fundraising$301,347 · 0.8% of expenses

See all reported dollar amounts

Revenue$45,393,261

Expenses$38,943,127

Assets$105,639,295

Income$86,990,188

Contributions$6,622,457

Mission work (program services)$29,828,068

Fundraising$301,347

Management and general$8,813,712

Stocks and bonds$49,535,021

Accounting fees$130,872

Investing fees$244,120

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

MARK COLIP ODPRESIDENT · 35 hrs/week $491,412Base $414,616 · Other $76,796

STEPHANIE MESSNER ODVP OF ACADEMIC AFFAIRS · 35 hrs/week $318,182Base $274,440 · Other $43,742

LEONARD MESSNER ODVP OF PATIENT CARE · 35 hrs/week $305,080Base $261,338 · Other $43,742

CHRISTA OJEDA CPAVP OF BUSINESS AND FINANCE/CFO · 35 hrs/week $292,009Base $244,940 · Other $47,069

YI PANG ODPROFESSOR OF OPTOMETRY · 35 hrs/week $289,586Base $219,790 · Other $69,796

ERIK MOTHERSBAUGH ODDEAN FOR STUDENT AFFAIRS · 35 hrs/week $260,056Base $221,110 · Other $38,946

DANIEL ROBERTS ODPROFESSOR OF OPTOMETRY · 35 hrs/week $257,204Base $178,908 · Other $78,296

ZHIYONG DANIEL REN MBACHIEF OPERATING OFFICER AT IEI · 35 hrs/week $252,020Base $229,021 · Other $22,999

MICHAEL CHAGLASIAN ODPROFESSOR OF OPTOMETRY · 35 hrs/week $240,038Base $193,092 · Other $46,946

GEOFFREY GOODFELLOW ODPROFESSOR OF OPTOMETRY · 35 hrs/week $231,310Base $184,514 · Other $46,796

JENNIFER HARTHAN OD FAAOPROFESSOR OF OPTOMETRY / BOARD OF TRUSTEES · 35 hrs/week $228,379Base $164,570 · Other $63,809

AMIT CHOKSISR DIRECTOR OF INFORMATION TECHNOLOGY/CIO · 35 hrs/week $200,496Base $182,588 · Other $17,908

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 (32)

MARK COLIP ODPRESIDENT

STEPHANIE MESSNER ODVP OF ACADEMIC AFFAIRS

LEONARD MESSNER ODVP OF PATIENT CARE

CHRISTA OJEDA CPAVP OF BUSINESS AND FINANCE/CFO

YI PANG ODPROFESSOR OF OPTOMETRY

ERIK MOTHERSBAUGH ODDEAN FOR STUDENT AFFAIRS

DANIEL ROBERTS ODPROFESSOR OF OPTOMETRY

ZHIYONG DANIEL REN MBACHIEF OPERATING OFFICER AT IEI

MICHAEL CHAGLASIAN ODPROFESSOR OF OPTOMETRY

GEOFFREY GOODFELLOW ODPROFESSOR OF OPTOMETRY

JENNIFER HARTHAN OD FAAOPROFESSOR OF OPTOMETRY / BOARD OF TRUSTEES

AMIT CHOKSISR DIRECTOR OF INFORMATION TECHNOLOGY/CIO

TRACY MATCHINSKI OD FAAOPROFESSOR OF OPTOMETRY / BOARD OF TRUSTEES

RUPE HANSRA ODBOARD OF TRUSTEES

TIMOTHY TSANG OD FAAOBOARD OF TRUSTEES

THOMAS DUCHARDT FAAOBOARD OF TRUSTEES

STEVEN SCHNEIDER CPABOARD OF TRUSTEES-TREASURER

STEVEN LEE ODBOARD OF TRUSTEES

JAMES WACHTER ODBOARD OF TRUSTEES

SHAWN MALLADY ODBOARD OF TRUSTEES

SCOTT JENS OD FAAOCHAIRMAN OF THE BOARD

SANDRA BURY ODBOARD OF TRUSTEES

JOSEPH DEREZINSKIBOARD OF TRUSTEES (END 10/2024)

ROBERTO LUCCA ODBOARD OF TRUSTEES

PHILIP HASLER ODBOARD OF TRUSTEES

OSVALDO LOPEZ MDBOARD OF TRUSTEES (END 10/2024)

NICOLE WHEATLYBOARD OF TRUSTEES

NANA OWUSU ODBOARD OF TRUSTEES- SECRETARY

MOHAMMED EID ODBOARD OF TRUSTEES (END 10/2024)

MICHAEL LOPIANO MBABOARD OF TRUSTEES (END 10/2024)

JEFFREY JOHNSON OD MBA CFABOARD OF TRUSTEES

KEVIN DANAHEY ODVICE CHAIRMAN OF THE BOARD

About this charity

Recognized since: January 1956
Location: 3241 S MICHIGAN AVE, CHICAGO, IL 60616-4201
County: Cook
In care of: % MARY RYBERG
Primary officer: Mark Colip OD, President

How to reach them

WebsiteVisit the charity’s website Phone(312) 225-1700

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B500)