2023-04-24T12:59:05-05:00 2022-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2021-07-01 041591060 THE NEW ENGLAND COLLEGE OF OPTOMETRY NEWE 6172662030 424 BEACON STREET BOSTON MA 02115 HOWARD PURCELL OD PRESIDENT 6172662030 2023-04-13 1 HOWARD PURCELL OD 999009999 CRAIG KLEIN P00734640 6177610600 2023-04-13 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z HOWARD PURCELL OD 424 BEACON STREET BOSTON MA 02115 38479869 0 X WWW.NECO.EDU X 1894 MA CHANGING THE WAY PEOPLE SEE THE WORLD THROUGH OPTOMETRIC EDUCATION, DISCOVERY AND SERVICE. 20 17 308 50 35600 34600 1632097 1383692 24452635 25213195 3380805 3227643 939118 1036143 30404655 30860673 1205800 1792696 0 0 11956113 13047145 0 0 540726 9255565 9577044 22417478 24416885 7987177 6443788 76301492 74214520 14903075 15634077 61398417 58580443 X 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 TODAY'S OPTOMETRISTS FOR TOMORROW'S 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. 0 0 16316992 1767433 24322058 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. 549 STUDENTS WERE ENROLLED DURING THE YEAR ENDED 06/30/2022. 1398690 0 1875506 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 FY2022 THE COLLEGE RECEIVED REVENUE FROM 22 GRANTS AND CONTRACTS, 8 OF WHICH WERE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH. 185973 25263 16174 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, ISRAEL, SOUTH AFRICA, AND SPAIN IN FY2022. 17901655 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 549 0 1 308 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TRACI LOGAN EVPCOOCFO 6175875711 424 BEACON STREET BOSTON MA 02115 PANO YERACARIS MD MPH TRUSTEE 3.00 3.00 X 0 0 0 MYRON ALLUKIAN JR DDS MPH TRUSTEE 3.00 3.00 X 0 0 0 LINDA BENNETT OD TRUSTEE 3.00 3.00 X 0 0 0 CORNELIUS CHAPMAN JD TRUSTEE 3.00 3.00 X 0 0 0 KATHERINE COFFEY OD TRUSTEE (UNTIL 4/1/22) 3.00 3.00 X 0 0 0 RONALD R FERRUCCI OD TRUSTEE 3.00 3.00 X 0 0 0 ALAN GLAZIER OD TRUSTEE 3.00 3.00 X 0 0 0 KRISTEN GRIEBEL OD BOARD CHAIR 3.00 3.00 X 0 0 0 RICHARD HELLER JD TRUSTEE 3.00 3.00 X 0 0 0 DOROTHY L HITCHMOTH OD TRUSTEE 3.00 3.00 X 0 0 0 STEPHEN N KIRNON MBA EDD TRUSTEE 3.00 3.00 X 0 0 0 JANET LABRECK TRUSTEE 3.00 3.00 X 16695 9971 0 COLIN L LEITCH MDIV TRUSTEE 3.00 3.00 X 0 0 0 ROBERT MEENAN MD MPH MBA TRUSTEE 3.00 3.00 X 0 0 0 RACHEL NEGRIS OD TRUSTEE 3.00 3.00 X 0 0 0 VALARIE RICCIARDI TRUSTEE 3.00 3.00 X 0 0 0 ROBERT RYAN CPA CGMA TRUSTEE 3.00 3.00 X 0 0 0 RICHARD N SMALL CPA TRUSTEE 3.00 3.00 X 0 0 0 JOSEPH P ZOLNER EDD TRUSTEE 3.00 3.00 X 0 0 0 HOWARD PURCELL PRESIDENT 40.00 0.00 X X 515408 0 54402 NICOLE B QUINN TRUSTEE/PROFESSOR 40.00 3.00 X 127928 0 41777 TRACI LOGAN TREASURER/EVP/COO/CFO 40.00 0.00 X 434017 0 38351 JOANNA M HURIER SEC/EXEC DIR HR (UNTIL 11/21) 40.00 0.00 X 124321 0 21443 ASHLEY TORTORA SECRETARY/ADMIN MANAGER 40.00 0.00 X 57673 0 14147 ERIK M WEISSBERG VP/DEAN 40.00 0.00 X 259607 0 21487 KRISTEN B FILLION ASSOC DEAN CLINICAL AFFAIR 40.00 0.00 X 166715 0 42219 SHAWNE K GILLIES DIR FACILITIES/CAMPUS PLNG 40.00 0.00 X 150738 0 23247 GARY Y CHU VP PROFESSIONAL AFFAIRS 40.00 0.00 X 186988 0 17669 STEVEN B KOEVARY PROFESSOR 40.00 0.00 X 173413 0 24906 JILL LUND DIR ENTERPRISE TECH 40.00 0.00 X 159479 0 28326 LANCE MCNAUGHTON PROFESSOR 40.00 0.00 X 158794 0 23734 PETER MADDOCKS EXEC DIR FIN OPERATIONS 40.00 0.00 X 154542 0 25688 2686318 9971 377396 40 0 1 0 OHO INTERACTIVE 50 DAVIS SQUARE SOMERVILLE MA 02144 WEBSITE DEVELOPMENT 166819 UNIVERSITY OF PENNSYLVANIA PO BOX 785541 PHILADELPHIA PA 19178 SUBCONTRACT CONSULTING 155831 2 698106 685586 10054 1383692 TUITION AND FEES 900099 23321515 23321515 RESEARCH GRANTS 900099 1875506 1875506 INTERNATIONAL STUDIES 900099 16174 16174 25213195 1896624 1896624 8849750 7518731 1331019 1331019 1331019 102140 100465 1675 1675 ADMINISTRATIVE FEE CHARGED TO AFF 900099 893000 893000 INTEREST INCOME ON STUDENT LOANS 900099 18582 18582 AUXILIARY ENTERPRISES 900099 7985 7985 114901 79301 35600 1034468 30860673 26213738 35600 3227643 1767433 1767433 25263 25263 1829004 580194 1248810 8619235 5861614 2416615 341006 782271 479357 275793 27121 1026308 628898 361829 35581 790327 484294 278633 27400 34525 11978 22547 104216 104216 36000 36000 1422555 930885 483932 7738 170826 24444 146382 41443 25483 14967 993 464136 151120 312082 934 770444 257160 513284 122276 77256 41478 3542 172759 153179 10993 8587 101730 73698 25229 2803 1359282 973772 346959 38551 249469 249469 EDUCATIONAL SERVICE FEE 3109860 3109860 PRINTING AND PUBLICATIO 256992 252621 4256 115 SUPPLIES 219246 219246 ALLOCATION OF FACILITIE 0 1406222 -1447048 40826 941285 407678 528078 5529 24416885 17901655 5974504 540726 7967733 9106926 489829 696308 455873 619175 6871064 7137583 647385 1111968 36599247 28597051 7987297 8002196 50678132 46606787 1204179 933577 76301492 74214520 1078402 2170713 2701799 2715627 4435000 3910000 6687874 6837737 14903075 15634077 X 46793337 45592196 14605080 12988247 61398417 58580443 76301492 74214520 X 6443788 -9259189 -2573 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 36000 0 0 36000 0 PART II-B, LINE 1: THE COLLEGE HAS PAID THE LOBBYING FIRM CASCADE STRATEGIES, LLC, BOSTON, MASSACHUSETTS, A TOTAL OF $36,000, FOR MATTERS OF IMPORTANCE REGARDING STATE LEGISLATIVE ISSUES IN FY2022. 12466891 146703 -1440576 255841 229743 8206 10679228 10434269 45509 2367928 171481 200250 9084 12466891 10687888 23055 317801 274467 309073 10935 10434269 10344188 14826 646739 239398 65804 12663 10687888 9992791 19793 713091 241118 128644 11725 10344188 0.00000 0.67650 0.32350 0 0 25414632 19750802 5663830 6080642 4443002 1637640 5103973 4403247 700726 8002196 GOVERNMENT GRANTS REFUNDABLE 6837737 6837737 X 20293820 -9259189 100465 -9158724 29452544 32791 1375338 1408129 30860673 23111794 100465 100465 23011329 32791 1372765 1405556 24416885 PART V, LINE 4: THE USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS PRIMARILY TO FUND SCHOLARSHIPS AS WELL AS OPTOMETRIC EDUCATIONAL AND RESEARCH PROGRAMS. ALL USES ARE IN ACCORDANCE WITH DONOR'S INSTRUCTIONS. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 100,465. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS AWARDED 1,361,725. BAD DEBT 11,040. CHANGE IN VALUE OF ANNUITY OBLIGATION 2,573. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 100,465. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS AWARDED 1,361,725. BAD DEBT 11,040. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL RECRUITMENT MATERIAL, ALL APPLICABLE CATALOGUES AND GUIDE-BOOKS, AS WELL AS THE WEBSITE AND BYLAWS CLEARLY DISCLOSE THE COLLEGE'S NON-DISCRIMINATION POLICIES. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN A NUMBER OF FEDERAL FINANCIAL AID PROGRAMS FOR ITS STUDENTS: FEDERAL DIRECT STUDENT LOANS, LOANS FOR DISADVANTAGED STUDENTS, SCHOLARSHIPS FOR DISADVANTAGED STUDENTS, AND HEALTH PROFESSIONAL STUDENT LOANS. 1 EAST ASIA AND THE PACIFIC PROGRAM SERVICE OPTOMETRIC EDUCATION - CHINA 600 MIDDLE EAST AND NORTH AFRICA GRANTS 25263 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICE OPTOMETRIC EDUCATION - SPAIN 1830 SUB-SAHARAN AFRICA PROGRAM SERVICE OPTOMETRIC EDUCATION - SOUTH AFRICA 323 0 0 0 0 0 0 28016 0 28016 MIDDLE EAST AND NORTH AFRICA AID TO OPTOMETRIC EDUCATION PROGRAM 8792 PAID EXPENSES ON BEHALF OF GRANTEE 0 MIDDLE EAST AND NORTH AFRICA AID TO OPTOMETRIC EDUCATION PROGRAM 16471 PAID EXPENSES ON BEHALF OF GRANTEE 0 2 0 0 0 0 0 0 0 PART I, LINE 2: GRANTS ARE AWARDED TO OPTOMETRY EDUCATION PROGRAMS AT PUBLIC COLLEGES AND UNIVERSITIES. GRANTS ARE AWARDED SOLELY IN THE FORM OF ELIGIBLE EXPENSES PAID ON BEHALF OF THE GRANTEES. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 148 1361725 FMV TUITION SCHOLARSHIPS COVID-19 RELIEF GRANTS TO STUDENTS 202 327280 78428 FMV CREDIT TO STUDENTS' TUITION BILLING ACCOUNTS PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON A VARIETY OF CRITERIA, GENERALLY ACADEMIC MERIT AND/OR FINANCIAL NEED. ALL SCHOLARSHIPS ARE APPLIED BY THE COLLEGE'S FINANCIAL AID OFFICE AND BUSINESS OFFICE DIRECTLY TO EACH STUDENT'S TUITION BILLING ACCOUNT BALANCE. COVID-19 RELIEF GRANTS TO STUDENTS ARE AWARDED BASED ON FINANCIAL NEED RELATED TO THE COVID-19 PANDEMIC. X 0 0 X X X X X 0 0 0 0 0 0 0 1 0 HOWARD PURCELL PRESIDENT 441019 0 70187 0 4202 0 26100 0 28302 0 569810 0 0 0 TRACI LOGAN TREASURER/EVP/COO/CFO 368738 0 42012 0 23267 0 26100 0 12251 0 472368 0 0 0 ERIK M WEISSBERG VP/DEAN 233254 0 24968 0 1385 0 21009 0 478 0 281094 0 0 0 KRISTEN B FILLION ASSOC DEAN CLINICAL AFFAIR 164030 0 1342 0 1343 0 15385 0 26834 0 208934 0 0 0 GARY Y CHU VP PROFESSIONAL AFFAIRS 184162 0 1694 0 1132 0 16669 0 1000 0 204657 0 0 0 STEVEN B KOEVARY PROFESSOR 168673 0 2177 0 2563 0 15376 0 9530 0 198319 0 0 0 JILL LUND DIR ENTERPRISE TECH 145869 0 5525 0 8085 0 13336 0 14990 0 187805 0 0 0 LANCE MCNAUGHTON PROFESSOR 156565 0 1042 0 1187 0 13916 0 9818 0 182528 0 0 0 PETER MADDOCKS EXEC DIR FIN OPERATIONS 142430 0 1136 0 10976 0 14078 0 11610 0 180230 0 0 0 SHAWNE K GILLIES DIR FACILITIES/CAMPUS PLNG 123955 0 6167 0 20616 0 13209 0 10038 0 173985 0 0 0 NICOLE B QUINN TRUSTEE/PROFESSOR 126313 0 897 0 718 0 12175 0 29602 0 169705 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT WAS REIMBURSED FOR MEMBERSHIP DUES PAID TO A SOCIAL CLUB USED PRIMARILY FOR BUSINESS PURPOSES. PART I, LINE 7 CERTAIN PERFORMANCE BASED BONUSES WERE PAID FOLLOWING APPROVAL BY THE PRESIDENT AND/OR SENIOR MANAGEMENT. A MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2013-12-05 7900000 REFINANCING OF THE SERIES 1997 BOND AND COMMERCIAL PAPER 0 0 0 A 7900000 74725 7825275 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED IN DETAIL BY SENIOR MANAGEMENT AND ALSO REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IT WAS FURNISHED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S WRITTEN CONFLICT OF INTEREST POLICY REQUIRES TRUSTEES, OFFICERS, AND KEY EMPLOYEES TO REPORT AT LEAST ANNUALLY, ON A WRITTEN BASIS, ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST. THOSE STATEMENTS ARE FIRST REVIEWED BY THE GOVERNANCE AND TRUSTEESHIP COMMITTEE AND THEN REFERRED TO THE FINANCE, AUDIT AND BUSINESS AFFAIRS COMMITTEE. AFTER REVIEW AND CLARIFICATION, THOSE CONFLICTS ARE ONLY DISCUSSED WITH THE FULL BOARD WHEN VIEWED AS MATERIAL. DIRECTORS ARE PROHIBITED FROM VOTING ON MATTERS INVOLVING AN ACTUAL OR POTENTIAL CONFLICT AND ARE REQUESTED TO RECUSE THEMSELVES FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ESTABLISHES THE COMPENSATION (SALARY AND BENEFITS) OF THE PRESIDENT/CEO AND EXECUTIVE VP/CFO/COO BY IDENTIFYING COMPENSATION THAT IS REASONABLE AND NOT EXCESSIVE, AND IS SUFFICIENTLY COMPETITIVE TO RETAIN THE BEST POSSIBLE TALENT TO LEAD THE ORGANIZATION. SIMILARLY, THE PRESIDENT ESTABLISHES THE COMPENSATION FOR THE VP AND DEAN OF ACADEMIC AFFAIRS, USING ASCO DATA FOR SIMILAR POSITIONS AT OTHER SCHOOLS OF OPTOMETRY, ADJUSTED FOR THE COST OF LIVING IN SIMILAR GEOGRAPHIC LOCATIONS. THE EXECUTIVE COMMITTEE HAS PREVIOUSLY COMPLETED INDEPENDENT COMPENSATION STUDIES FOR EXECUTIVE LEADERSHIP. REVIEWS BY INDEPENDENT THIRD PARTIES ARE CONDUCTED EVERY THREE YEARS TO DETERMINE WHAT SIMILARLY-SIZED PEER ORGANIZATIONS, IN THE SAME GEOGRAPHIC LOCATION, OFFER THEIR EXECUTIVE LEADERSHIP, FACULTY AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON THE COLLEGE'S WEBSITE. AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE PUBLICLY AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990 IS PUBLICLY AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY OBLIGATIONS -2,573. NEW ENGLAND EYE INSTITUTE INC 930 COMMONWEALTH AVENUE BOSTON MA 02215 043575676 EYE CARE PROVIDER MA 501(C)(3) LINE 10 NEW ENGLAND COLLEGE OF OPTOMETRY 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 NEW ENGLAND EYE INSTITUTE INC D 722823 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC D 210754 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC O 4531785 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC M 3109860 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC L 893000 BOOK VALUE