EIN 36-2310478

Illinois College of Optometry (ICO)

IRS 501(c) type
501(c)(3)
Num. employees
683
Year formed
1955
Most recent tax filings
2020-06
Description
The Illinois College of Optometry (ICO) is a 4-year private optometry college located in the city of Chicago, Illinois. Graduating approximately 160 optometrists a year, it is the largest optometry college in the United States.

Program areas at ICO

GENERAL EDUCATIONAL SERVICES AT THE ILLINOIS COLLEGE OF OPTOMETRY (ICO): Classroom instruction for Doctor of Optometry Degree; Continuing Education and Faculty Research serving approximately 580 students per year. ICO's 4-year program is focused entirely on optometry. Our students receive robust clinical experience, including hands-on patient care in the IEI beginning in their very first year. Understanding that being a doctor extends beyond eye care, ICO offers courses in financial literacy, practice management, and other real-world aspects of optometry. Our top-notch resources expose students to tomorrow's technologies and modes of practice.
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. The facility went through a remodel in 2016 and offers the traditional single and double suites as well as one, two, and three bedroom apartments.
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 71,344 patient visits in the previous year (44,268 to providers, 27,076 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, Urgent Care, Cornea and Contact Lenses, Diabetic Care, and Myopia Control. The IEI acts as a teaching clinic that aides in the education of students as they pursue Doctor of Optometry degrees.

Form 990s for ICO

Fiscal year endingDate received by IRSFormPDF link
2020-062021-04-05990View PDF
2019-062020-02-06990View PDF
2018-062019-02-21990View PDF
2017-062018-03-14990View PDF
2016-062017-02-28990View PDF
...and 6 more Form 990s

Who funds Illinois College of Optometry (ICO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustGeneral Operating Support$42,500
 Subscribe to viewEducational Programs$20,153
 Subscribe to viewThe Illinois Eye Institute at Princeton Elementary$20,000
...and 7 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT LOAN PROGRAM$15,852,236
 Subscribe to view████ ███ ██ ██ ███$░,░░░,░░░
 Subscribe to view███ █████ ███ ██, █████ ████ ██ █████ █ ██████ ████$░,░░░,░░░
...and 6 more federal grants / contracts

Financials for ICO

RevenuesFYE 06/2020
Total grants, contributions, etc.$1,964,936
Program services$32,248,907
Investment income and dividends$1,298,199
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$782,702
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$203,406
Total revenues$36,498,150

Personnel at ICO

NameTitleCompensation
Maggie LopezChief Executive Assistant
Christa OjedaVice President of Business and Finance and Chief Financial Officer$40,708
John BudzynskiVice President for Business and Finance and Chief Financial Officer$199,081
 Subscribe to viewVice President for Administration$233,092
 Subscribe to viewFormer Vice President for Risk and Compliance$195,822
...and 10 more key personnel

Organizations like ICO

OrganizationLocationRevenue
New York Medical College (NYMC)Valhalla, NY$119,697,970
Wmu-Cooley Law SchoolLansing, MI$61,498,536
Lake Erie College of Osteopathic Medicine (LECOM)Erie, PA$162,737,666
California Western School of Law (CWSL)San Diego, CA$44,301,695
Philadelphia College of Osteopathic Medicine (PCOM)Philadelphia, PA$158,892,412
Roseman University of Health SciencesHenderson, NV$103,402,090
Salus UniversityElkins Park, PA$52,169,129
Rosalind Franklin University of Medicine and Science (RFUMS)North Chicago, IL$124,906,476
The John Marshall Law School (JMLS)Chicago, IL$47,381,972
New England College of Optometry (NECO)Boston, MA$27,018,548
Frontier Nursing University (FNU)Versailles, KY$39,224,301
Mitchell Hamline School of LawSt Paul, MN$53,471,342
Morehouse School of Medicine (MSM)atlanta, GA$156,540,633
Vermont College of Fine Arts (VCFA)Montpelier, VT$9,860,501
New York Chiropractic College (NYCC)Seneca Falls, NY$26,384,869
Southern California University Health Sciences (SCUHS)Whittier, CA$28,921,224
William James CollegeNewton, MA$34,165,479
Kansas City University of Medicine and Biosciences (KCUMB)Kansas City, MO$91,867,213
Dallas Theological Seminary (DTS)Dallas, TX$52,630,450
South Texas College of Law Houston (STCL)Houston, TX$40,035,066
The Boston ConservatoryBoston, MA$42,077,485
New York College of Podiatric Medicine (NYCPM)New York, NY$18,835,190
Geisinger Commonwealth SCH of Med (TCMC)Danville, PA$43,273,643
Des Moines UniversityDes Moines, IA$72,304,261
Brooklyn Law School (BLS)Brooklyn, NY$65,236,818
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$36,498,150
2020
Yearly growth
-11.1%
% of revenues
n/a
Total expenses
$36,158,154
2020
Yearly growth
-6.9%
% of expenses
n/a
Total assets
$101,860,678
2020
Yearly growth
-0.1%
% of assets
n/a
Num. employees
683
2020
Yearly growth
-4.7%
% of total
n/a
General information
Address
3241 S Michigan Avenue
Chicago, IL 60616
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
ico.edu/ 
Phone
(312) 949-7000
Facebook page
IllinoisCollegeOfOptometry 
Twitter profile
@ico_optometry 
IRS details
EIN
36-2310478
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B50: Graduate, Professional Schools
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization