EIN 04-1591060

New England College of Optometry (NECO)

IRS 501(c) type
501(c)(3)
Num. employees
335
City
Year formed
1894
Most recent tax filings
2023-06-01
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
$29,864,825
2023
Total expenses
$25,334,160
2023
Total assets
$79,714,056
2023
Num. employees
335
2023

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 06/30/2023
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, germany, israel, south africa, and spain in fy2023.
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 fy2023 The College received revenue from 22 grants and contracts, 10 of which were sponsored by The national institutes of health.
Continuing professional education and conferences - The College provides patient-centered, clinically relevant education to support lifelong learning for optometrists.

Who funds New England College of Optometry (NECO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Northeastern University (NU)Sub-Award$85,329
Schwab Charitable FundEducation$50,000
H Eric Cushing FoundationEducation$25,000
...and 5 more grants received

Personnel at NECO

NameTitleCompensation
Traci LoganExecutive Vice President , Chief Financial Officer and Chief Operating Officer$473,574
Gary Y ChuVice President Professional Affairs$199,982
Erik M WeissbergVice President and Dean$281,117
Beth DaviesExecutive Director, Human Resources
Pete MaddocksExecutive Director of Financial Operations
...and 16 more key personnel

Financials for NECO

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,005,260
Program services$26,377,133
Investment income and dividends$1,860,998
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-512,401
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$2,379
Miscellaneous revenues$1,131,456
Total revenues$29,864,825

Form 990s for NECO

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-11990View PDF
2022-062023-04-24990View PDF
2021-062022-07-19990View PDF
2020-062021-05-11990View PDF
2019-062020-10-15990View PDF
...and 9 more Form 990s

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Presbyterian CollegeClinton, SC$67,335,105
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Mitchell Hamline School of LawSaint Paul, MN$62,006,087
Salve Regina UniversityNewport, RI$136,593,065
Augsburg UniversityMinneapolis, MN$130,082,142
Beacon CollegeLeesburg, FL$35,901,560
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 4 new personnel
May 19, 2024
Used new vendors
Identified 4 new vendors, including , , , and
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $25,000 from H Eric Cushing Foundation
July 13, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
EducationCommunity improvementBusiness and industry
Characteristics
Political advocacyLobbyingOperates internationallyReceives government fundingEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsAccepts online 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
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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