EIN 04-1591060

New England College of Optometry (NECO)

IRS 501(c) type
501(c)(3)
Num. employees
350
City
Year formed
1894
Most recent tax filings
2020-06-01
Description
The New England College of Optometry (NECO) prepares the next generation of eye care providers, educators, and innovators through a rigorous curriculum and extensive clinical experiences.
Total revenues
$27,018,548
2020
Total expenses
$21,444,654
2020
Total assets
$64,092,870
2020
Num. employees
350
2020

Program areas at NECO

Optometric education (didactic instruction and clinical training) - The New England College of Optometry is an independent graduate school that educates students to become outstanding doctors of Optometry who exemplify professionalism and compassion in The communities in which they serve. The curriculum optimizes The synergistic relationship between The didactic and clinical experience, utilizing both traditional and innovative pedagogical practices to ensure a learning experience that is student-centered and engaging, and reflective of The evolving landscape of eye care, healthcare, and healthcare policy. 553 students were enrolled during The year ended 06/30/2020.
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 and israel in fy2020.
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 fy2020 The College received revenue from 20 grants and contracts, 8 of which were sponsored by The national institutes of health.

Who funds New England College of Optometry (NECO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Northeastern University (NU)Sub-Award$109,354
Schwab Charitable FundEducation$52,500
Community Foundation of Collier CountyHolmes Fund$20,000
...and 1 more grant received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$15,983,940
Department of Health and Human ServicesHEALTH PROFESSIONS STUDENT LOANS, INCLUDING PRIMARY CARE LOANS/LOANS FOR DISADVANTAGED STUDENTS$4,906,268
Department of EducationFEDERAL PERKINS LOAN PROGRAM$3,424,901
...and 7 more federal grants / contracts

Personnel at NECO

NameTitleCompensation
Traci LoganExecutive, Vice President, Chief Financial Officer and Chief Operating Officer$389,078
Gary ChuVice President, Professional Affairs$172,969
Erik WeissbergVice President$202,529
Beth DaviesExecutive Director, Human Resources
Pete MaddocksExecutive Director of Financial Operations
...and 13 more key personnel

Financials for NECO

RevenuesFYE 06/2020
Total grants, contributions, etc.$573,568
Program services$24,143,616
Investment income and dividends$1,053,014
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$352,213
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-14,757
Miscellaneous revenues$910,894
Total revenues$27,018,548

Form 990s for NECO

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-11990View PDF
2019-062020-10-15990View PDF
2018-062019-06-19990View PDF
2017-062018-04-10990View PDF
2016-062017-07-25990View PDF
...and 6 more Form 990s
Data update history
December 25, 2021
Updated personnel
Identified 35 new personnel
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 27, 2021
Posted financials
Added Form 990 for fiscal year 2020
June 24, 2021
Received grants
Identified 3 new grant, including a grant for $109,354 from Northeastern University (NU)
June 20, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingOperates internationallyReceives government fundingEndowed supportProvides scholarshipsGala fundraisersTax deductible donations
General information
Address
424 Beacon St
Boston, MA 02115
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
neco.edu/ 
Phone
(617) 266-2030
Facebook page
NewEnglandCollegeofOptometry 
Twitter profile
@neco424 
IRS details
EIN
04-1591060
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1894
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
Free account sign-up

Want updates when NECO has new information, or want to find more organizations like New England College of Optometry (NECO)?

Create free Cause IQ account