2018-02-13T09:29:37-06:00 2017-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2016-07-01 041591060 THE NEW ENGLAND COLLEGE OF OPTOMETRY NEWE 6172662030 424 BEACON STREET BOSTON MA 02115 CLIFFORD SCOTT OD MPH PRESIDENT 6172662030 2018-02-01 CRAIG KLEIN P00734640 6177610600 2018-02-01 207.172.72.163 2018-02-01 09:25:46 ES P 102C1995D04F643618E9EB8F2AEF5D32C98268A5 5DFDE5D22B2233F853D1439EA186636DEDF726C4 2016 2021-01-29 14:40:06Z CLIFFORD SCOTT OD MPH 424 BEACON STREET BOSTON MA 02115 30756932 0 X WWW.NECO.EDU X 1894 MA CHANGING THE WAY PEOPLE SEE THE WORLD THROUGH OPTOMETRIC EDUCATION, DISCOVERY AND SERVICE. 21 20 394 46 0 0 1807109 1465751 21956251 23232041 577082 537487 233208 128176 24573650 25363455 534287 511401 0 0 10901063 11256746 0 0 486929 9475452 10117215 20910802 21885362 3662848 3478093 43335308 48258955 17958246 17981976 25377062 30276979 X SEE SCHEDULE OCHANGING THE WAY PEOPLE SEE THE WORLD THROUGH OPTOMETRIC EDUCATION, DISCOVERY AND SERVICE.WE DO SO BY:- INTEGRATING INNOVATIVE EDUCATION WITH EARLY AND DIVERSE CLINICAL EXPERIENCES TO PREPARE STUDENTS TO BECOME OUTSTANDING DOCTORS OF OPTOMETRY- ADVANCING THE FRONTIERS OF OPTOMETRIC KNOWLEDGE THROUGH RESEARCH, AND TRANSLATING THAT 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 INSTILLING SENSITIVITY TO THE HEALTH AND SOCIAL WELFARE OF DIVERSE COMMUNITIES 0 0 14476850 511401 21733206 DIDACTIC INSTRUCTION: SINCE 1894, THE NEW ENGLAND COLLEGE OF OPTOMETRY HAS BEEN THE EDUCATIONAL AND INTELLECTUAL CENTER OF OPTOMETRY IN NEW ENGLAND. LOCATED IN THE BACK BAY AREA OF BOSTON, THE COLLEGE IS AN INDEPENDENT PROFESSIONAL GRADUATE SCHOOL THAT EDUCATES ITS STUDENTS IN THE SCIENCE OF OPTOMETRY TO THE HIGHEST STANDARDS OF THE OPTOMETRIC PROFESSION WHILE AT THE SAME TIME ENCOURAGING A COMMITMENT TO LIFE-LONG LEARNING AND COMMUNITY SERVICE. NECO'S CURRICULUM EMPHASIZES THE RELATIONSHIP BETWEEN VISION, EYE HEALTH, AND SYSTEMIC HEALTH MORE BROADLY, AS WELL AS THE ROLE OF EYE AND VISION CARE IN THE EVOLVING LANDSCAPE OF HEALTHCARE AND HEALTHCARE POLICY.WITH AN ENROLLMENT OF APPROXIMATELY 533 STUDENTS, 508 IN THE OD PROGRAM, THE STUDENT BODY IS DIVERSE; REPRESENTING 34 US STATES AND 13 OTHER COUNTRIES. 1241700 1614917 RESEARCH: THE NEW ENGLAND COLLEGE OF OPTOMETRY ADOPTED A MISSION STATEMENT IN 2015 EMPHASIZING THE COLLEGE'S ROLE IN ADVANCING THE FRONTIERS OF OPTOMETRIC KNOWLEDGE THROUGH RESEARCH AND TRANSLATING THAT KNOWLEDGE TO IMPROVE PATIENTS' LIVES WORLDWIDE. IN FISCAL YEAR 2017, THE COLLEGE RECEIVED REVENUE FROM 19 GRANTS, 3 OF WHICH WERE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH. AREAS OF FOCUS INCLUDED MYOPIA IN CHILDREN, EYE GROWTH RHYTHMS AND RETINAL SIGNALS IN REFRACTIVE DEVELOPMENT, CHANGES IN ASTIGMATISM AND ANISOMETROPIA, OCULAR SURFACE DISEASE, CONE SENSITIVITY TO TEMPORAL CHANGES IN COLOR AND LUMINANCE AND THE DEVELOPMENT OF MYOPIA, AND TESTING OF CERTAIN OPTICAL DEVICES. 277756 147102 INTERNATIONAL EDUCATION: THE COLLEGE VALUES ITS TRADITION OF EDUCATING THE COMMUNITY AND BRINGING VISION CARE TO UNDERSERVED POPULATIONS. IN FULFILLMENT OF THIS VALUE STATEMENT, THE COLLEGE'S FACULTY HAS PLAYED A KEY ROLE BY PROVIDING OPTOMETRIC EDUCATION IN OTHER COUNTRIES INCLUDING CHINA, GERMANY, AND ISRAEL DURING FISCAL YEAR 2017. 15996306 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 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 67 0 1 394 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TRACI LOGAN SR VP FOR FINANCE AND 6175875711 424 BEACON STREET BOSTON MA 02115 PANO YERACARIS MD MPH BOARD CHAIR 3.00 3.00 X 0 0 0 MYRON ALLUKIAN JR DDS MPH TRUSTEE 3.00 3.00 X 0 0 0 CORNELIUS CHAPMAN JD TRUSTEE 3.00 3.00 X 0 0 0 JOAN M EXFORD OD DOS TRUSTEE 3.00 3.00 X 0 0 0 RONALD R FERRUCCI OD TRUSTEE 3.00 3.00 X 0 0 0 HOWARD GREENBERG TRUSTEE 3.00 3.00 X 0 0 0 KRISTEN GRIEBEL OD TRUSTEE 3.00 3.00 X 0 0 0 ANDREW HOAR TRUSTEE 3.00 3.00 X 0 0 0 RICHARD HELLER JD TRUSTEE 3.00 3.00 X 0 0 0 DOROTHY 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 COLIN L LEITCH MDIV TRUSTEE 3.00 3.00 X 0 0 0 KELLY MACDONALD OD TRUSTEE 3.00 3.00 X 0 0 0 ROBERT F 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 HOWARD PURCELL OD TRUSTEE 3.00 3.00 X 0 0 0 JOEL B ROSEN MBA TRUSTEE 3.00 3.00 X 0 0 0 ROBERT RYAN CPA 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 CLIFFORD SCOTT OD MPH TRUSTEE/PRESIDENT 40.00 0.00 X X 351940 0 25457 TRACI LOGAN SR. VP FIN. & ADMIN./CFO-TREASURER 40.00 0.00 X 340060 0 34153 ELIZABETH DAVIES SECRETARY/EXEC. DIR HR 40.00 0.00 X 142200 0 13675 PATRICIA DAHILL SECRETARY/DIR. HR 40.00 0.00 X 117208 0 18847 ROBERT B DIMARTINO OD VP ACAD AFF/DEAN 40.00 0.00 X 172365 0 35641 ANTHONY CAVALLERANO OD EXECUTIVE DIRECTOR 20.00 20.00 X 92297 92298 17970 STEVEN B KOEVARY PHD PROFESSOR/CHAIR 40.00 0.00 X 164745 0 38974 BRUCE D MOORE OD PROFESSOR 32.00 8.00 X 129914 32478 38603 ERIK WEISSBERG OD PROFESSOR 36.00 4.00 X 136112 15123 13433 C MARK CATAUDELLA DIR CAMPUS PLANNING/FACILITIES 40.00 0.00 X 159338 0 17095 1806179 139899 253848 31 0 1 0 BOWDOIN CONSTRUCTION CORP 220-1 RESERVOIR STREET NEEDHAM HEIGHTS MA 02494 CONSTRUCTION 532046 ANN BEHA ARCHITECTS INC 33 KINGSTON STREET BOSTON MA 02111 ARCHITECTURAL SERVICES 149366 POIRIER & SPRINGER INC 17E STERLING ROAD NORTH BILLERICA MA 01862 MAINTENANCE SERVICES 103111 3 120140 1345611 1465751 TUITION AND FEES 900099 21470022 21470022 RESEARCH GRANTS 900099 1614917 1614917 INTERNATIONAL STUDIES 900099 147102 147102 23232041 480787 480787 5181022 5122922 1400 58100 -1400 56700 56700 17935 120140 152943 -135008 -135008 129593 116212 13381 13381 ADMIN. SERVICE FEE 900099 150000 150000 AUXILIARY ENTERPRISES 900099 52093 52093 INTEREST INCOME ON STUDENT LOANS 900099 47710 47710 249803 25363455 23495225 0 402479 511401 511401 1286019 278811 1007208 8029622 5790561 2072702 166359 605473 436637 156292 12544 721366 520213 186208 14945 614266 442978 158562 12726 68050 8498 59552 71985 71985 120109 60055 60054 1426613 1063329 358574 4710 133617 6400 116367 10850 152551 120588 23929 8034 297051 223169 73882 217119 183900 21055 12164 522233 224720 66146 231367 160318 120239 40079 1293626 970220 323406 198457 198457 EDUCATIONAL SERVICE FEE 4400590 4400590 EQUIPMENT RENTAL/MAINT. 270292 151580 117278 1434 SUPPLIES 270056 182791 85566 1699 PRINTING & PUBLICATIONS 121267 111570 3624 6073 393281 188056 201201 4024 21885362 15996306 5402127 486929 6529787 5889467 61289 242312 314734 252487 8746249 9209781 97552 145412 331592 307985 30472958 21384260 8974660 9088698 16794707 21848756 1484738 1274057 43335308 48258955 843718 1252473 2528329 2302668 6790000 6350000 7796199 8076835 17958246 17981976 X 16202537 19131064 5362489 6640299 3812036 4505616 25377062 30276979 43335308 48258955 X 3478093 1424928 -3104 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 120000 0 1 109 120109 0 PART II-B, LINE 1: THE COLLEGE HAS PAID TWO LOBBYISTS A TOTAL OF $120,000 FOR MATTERS OF IMPORTANCE REGARDING FEDERAL AND STATE LEGISLATIVE ISSUES IN FY'17. AMOUNTS WERE PAID TO LYNCH & ASSOCIATES, BOSTON, MA $60,000 AND TO O'NEILL, ATHY & CASEY $60,000. IN ADDITION, THE COLLEGE IS A MEMBER OF THE NEW ENGLAND COUNCIL, THE ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY, AND THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF MASSACHUSETTS; EACH OF WHICH MAY HAVE A PORTION OF THEIR DUES ATTRIBUTED TO LOBBYING. 8577524 730392 997753 120052 192826 9992791 7175324 1738611 -35031 119801 181579 8577524 7216061 33848 197444 88812 183217 7175324 6341786 102960 1083371 84753 227303 7216061 5949268 139179 588019 163010 171670 6341786 0.00000 0.45100 0.54900 0 0 22653055 15153356 7499699 3459639 2796462 663177 4360264 3434442 925822 9088698 ANNUITY OBLIGATIONS 40697 GOVERNMENT GRANTS REFUNDABLE 8036138 8076835 X 26390090 1424928 113108 1538036 24852054 511401 511401 25363455 21490173 116212 116212 21373961 511401 511401 21885362 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 AND ITS DETERMINATION AS TO ITS INCOME BEING RELATED OR UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITIONS DO 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 116,212. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -3,105. ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 511,401. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 116,212. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 511,401. 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 FAMILY EDUCATION LOANS, FEDERAL DIRECT STUDENT LOANS, FEDERAL PERKINS LOANS, LOANS FOR DISADVANTAGED STUDENTS, SCHOLARSHIPS FOR DISADVANTAGED STUDENTS, AND HEALTH PROFESSIONAL STUDENT LOANS. MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE OPTOMETRIC EDUCATION - ISRAEL 15108 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE OPTOMETRIC EDUCATION - CHINA 36634 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE OPTOMETRIC EDUCATION - GERMANY 86397 0 0 0 0 0 0 138139 0 138139 0 0 0 0 0 0 PROFILES IN VISION GALA 138075 120140 17935 20370 50435 6172 75966 138075 120140 17935 20370 50435 6172 75966 152943 -135008 1 SCHOLARSHIPS 87 511401 FMV TUITION SCHOLARSHIPS PART I, LINE 2: ALL FUNDS ARE APPLIED DIRECTLY FROM THE FINANCIAL AID OFFICE AND THE BUSINESS OFFICE TO THE STUDENT'S ACCOUNT BALANCE AT THE COLLEGE. USE IS INTERNALLY CONTROLLED BY THE COLLEGE. NECO SCHOLARSHIPS REQUIRE A MINIMUM 3.2 GRADE POINT AVERAGE. X X X X 0 0 0 0 0 0 0 1 0 CLIFFORD SCOTT OD MPH TRUSTEE/PRESIDENT 343289 0 0 0 8651 0 23850 0 1607 0 377397 0 0 0 TRACI LOGAN SR. VP FIN. & ADMIN./CFO-TREASURER 325618 0 13000 0 1442 0 23850 0 10303 0 374213 0 0 0 ELIZABETH DAVIES SECRETARY/EXEC. DIR HR 137790 0 4000 0 410 0 12068 0 1607 0 155875 0 0 0 ROBERT B DIMARTINO OD VP ACAD AFF/DEAN 172170 0 0 0 195 0 15992 0 19649 0 208006 0 0 0 ANTHONY CAVALLERANO OD EXECUTIVE DIRECTOR 91185 91185 0 0 1112 1113 8181 8182 803 804 101281 101284 0 0 STEVEN B KOEVARY PHD PROFESSOR/CHAIR 163175 0 0 0 1570 0 14866 0 24108 0 203719 0 0 0 BRUCE D MOORE OD PROFESSOR 128469 32117 0 0 1445 361 12082 3020 18801 4700 160797 40198 0 0 ERIK WEISSBERG OD PROFESSOR 134587 14954 1260 140 265 29 11594 1288 496 55 148202 16466 0 0 C MARK CATAUDELLA DIR CAMPUS PLANNING/FACILITIES 157631 0 0 0 1707 0 14545 0 2550 0 176433 0 0 0 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 COMERCIAL 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 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY MANAGEMENT AND APPROVED BY THE COLLEGE'S AUDIT AND COMPLIANCE COMMITTEE AND FURNISHED TO THE 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 AUDIT AND COMPLIANCE COMMITTEE. AFTER REVIEW AND CLARIFICATION, THOSE CONFLICTS ARE DISCUSSED WITH THE FULL BOARD IRRESPECTIVE OF DOLLAR AMOUNT. 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 REVIEWS THE COMPENSATION OF THE PRESIDENT AND SENIOR VICE PRESIDENT, EXAMINING BOTH PERFORMANCE AND COMPARATIVE SALARY DATA FROM OTHER ACADEMIC INSTITUTIONS. THE EXECUTIVE COMMITTEE ON OCCASION HAS USED AN OUTSIDE SEARCH FIRM OR OTHER COMPENSATION CONSULTANTS. NECO HAS ALSO INITIATED AN INDEPENDENT COMPENSATION STUDY FOR FACULTY AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 IS ALSO AVAILABLE VIA WWW.GUIDESTAR.ORG. THE GOVERNING DOCUMENTS ARE PUBLISHED ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITY OBLIGATIONS -3,104. NEW ENGLAND EYE INSTITUTE INC 940 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 1 0 0 0 NEW ENGLAND EYE INSTITUTE INC D 1137438 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC D 136619 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC L 150000 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC M 4400590 BOOK VALUE NEW ENGLAND EYE INSTITUTE INC P 72778 BOOK VALUE