2024-03-11T09:11:08-05:00 2023-06-30 263753134 CBIZ MHM LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2022-07-01 043575676 NEW ENGLAND EYE INSTITUTE INC NEWE 6175875598 930 COMMONWEALTH AVENUE BOSTON MA 02215 HOWARD PURCELL OD PRESIDENT 6175875598 2024-02-08 1 HOWARD PURCELL OD 999009999 0 CRAIG KLEIN P00734640 6177610600 2024-02-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NECO CENTER FOR EYE CARE HOWARD PURCELL OD 424 BEACON ST BOSTON MA 02115 8461548 0 X WWW.NECOEYECARE.ORG X 2001 MA SEE PART III, LINE 1 FOR MISSION STATEMENT 18 16 134 50 0 0 175946 99570 7044008 7035272 7542 2889 786102 655476 8013598 7793207 0 0 0 0 5677028 5453527 0 0 0 2315490 2344716 7992518 7798243 21080 -5036 2207489 2853142 1354383 2000036 853106 853106 X TO IMPROVE THE VISUAL HEALTH OF POPULATIONS THROUGH EXCELLENCE IN COLLABORATIVE AND COMMUNITY-ORIENTED PATIENT CARE, EDUCATION AND RESEARCH. 0 0 3399036 2271561 OWNED AND OPERATED CLINICS: NEW ENGLAND EYE (NEEI), DBA NECO CENTER FOR EYE CARE, IS THE PATIENT CARE AND TEACHING AFFILIATE OF THE NEW ENGLAND COLLEGE OF OPTOMETRY (NECO). THE COMMONWEALTH AND ROSLINDALE EYE CENTERS ARE OWNED AND OPERATED BY NEEI. A SIGNIFICANT PORTION OF THE STUDENT'S EARLY CLINICAL EDUCATION EXPERIENCES OCCUR AT THESE LOCATIONS SERVING OVER 15,000 PATIENT VISITS ANNUALLY. SERVICES OFFERED INCLUDE PRIMARY EYE CARE, LOW VISION REHABILITATION, PEDIATRIC EYE CARE, VISION THERAPY, MYOPIA CONTROL, CONTACT LENSES, AND OPTICIAN SERVICES. 2712707 2168927 COMMUNITY HEALTH CENTERS: OUR DOCTORS AND STUDENTS PROVIDE EYE CARE SERVICES TO APPROXIMATELY 65,000 PATIENT VISITS ANNUALLY AT 14 MASSACHUSETTS COMMUNITY HEALTH CENTERS WITHIN THE NETWORK OF NEIGHBORHOOD-BASED PRIMARY CARE CLINICS. THIS MODEL OF CARE EXPOSES OUR STUDENTS TO A DIVERSE POPULATION, AND ALLOWS THEM TO EXPERIENCE THE DELIVERY OF HEALTH/EYE CARE IN A CULTURALLY COMPETENT AND INTERDISCIPLINARY SETTING. 173364 20700 SCHOOLS AND OUTREACH: OUR SCHOOLS AND OUTREACH PROGRAMS PROVIDE AN ARRAY OF SERVICES TO THE HOMELESS, ADULTS AND CHILDREN WITH INTELLECTUAL DISABILITIES, AND INDIVIDUALS WHO ARE LEGALLY BLIND OR VISUALLY IMPAIRED. SERVICES INCLUDE VISION SCREENINGS, COMPREHENSIVE EYE EXAMS, AND LOW VISION REHABILITATION. CARE IS PROVIDED WITH PARTNERS THAT INCLUDE PUBLIC SCHOOLS, HOMELESS SHELTERS, LOCAL GOVERNMENTS, AND COMMUNITY BASED ORGANIZATIONS. NEEI'S SCHOOLS AND OUTREACH PROGRAMS SERVICE APPROXIMATELY 5,000 PATIENTS ANNUALLY THROUGHOUT MASSACHUSETTS. 0 3229560 NEW ENGLAND EYE INSTITUTE, INC. PROVIDES CLINICAL EDUCATION SERVICES TO ITS AFFILIATE THE NEW ENGLAND COLLEGE OF OPTOMETRY. NOTE THAT EXPENSES FOR THESE SERVICES ARE INCLUDED IN ITEMS 4A, 4B, AND 4C ABOVE. 0 3229560 6285107 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 134 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X TRACI LOGAN 6175875711 424 BEACON STREET BOSTON MA 02115 X ATHANASIOS PANORGIAS TRUSTEE/PROFESSOR 3.00 40.00 X 0 144157 25996 HOWARD PURCELL PRESIDENT 0.00 40.00 X X 0 573960 60749 MELVIN MING CPA TRUSTEE 3.00 3.00 X 0 0 0 JON MARCUS CFP AIF TRUSTEE 3.00 3.00 X 0 0 0 ANDREW MORGENSTERN OD FAAO FN TRUSTEE 3.00 3.00 X 0 0 0 RICHARD N SMALL CPA TRUSTEE (UNTIL 10/15/22) 3.00 3.00 X 0 0 0 ROBERT RYAN CPA CGMA TRUSTEE (UNTIL 10/15/22) 3.00 3.00 X 0 0 0 VALARIE RICCIARDI TRUSTEE 3.00 3.00 X 0 0 0 RACHEL NEGRIS OD TRUSTEE 3.00 3.00 X 0 0 0 JOSEPH P ZOLNER EDD TRUSTEE 3.00 3.00 X 0 0 0 COLIN L LEITCH MDIV 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 ROBERT MEENAN MD MPH MBA TRUSTEE 3.00 3.00 X 0 0 0 RONALD R FERRUCCI OD TRUSTEE 3.00 3.00 X 0 0 0 SUSAN PRIMO 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 BOARD VICE CHAIR 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 (UNTIL 10/15/22) 3.00 3.00 X 0 0 0 JANET LABRECK TRUSTEE (UNTIL 12/01/22) 3.00 3.00 X 0 23333 0 ALAN GLAZIER OD TRUSTEE 3.00 3.00 X 0 0 0 ASHLEY TORTORA SECRETARY/ADMIN MANAGER 0.00 40.00 X 0 68510 16986 TRACI LOGAN TREASURER/EVP/CFO/COO 0.00 40.00 X 0 473574 40671 TIMOTHY BOSSIE SR DIR OWNED CLINICS AND OUTREACH 40.00 0.00 X 172025 0 48602 AMY R MOY SR DIR CHC INITIATIVES AND COMPLIANCE 40.00 0.00 X 156861 0 21170 ANITA GULMIRI ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 164107 0 53487 MARK W O'DONOGHUE ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 149670 0 33445 DANIEL BASTIAN ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 142893 0 18151 CRYSTAL LEWANDOWSKI ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 126036 0 50044 PHYLLIS ANDREJKO CLINICAL ASST PROFESSOR 40.00 0.00 X 152226 0 25273 NICOLE B QUINN FORMER TRUSTEE/PROFESSOR 0.00 40.00 X 0 133594 45759 1063818 1417128 440333 21 1 1 0 0 5000 94570 19570 99570 EDUCATIONAL SERVICES FEE FROM AFF 900099 3229560 3229560 PROF. SERVICE AGREEMENTS 900099 2189627 2189627 NET PATIENT CARE REVENUE 900099 1616085 1616085 7035272 3774 3774 24709 25594 -885 -885 -885 1284060 642747 641313 641313 OPERATING INCOME 900099 14163 14163 14163 7793207 7690748 0 2889 358006 358006 4009287 3731284 278003 313161 292348 20813 428519 400039 28480 344554 321654 22900 8875 309 8566 11850 11850 123525 104905 18620 20438 20252 186 90207 9374 80833 474051 444032 30019 11303 3142 8161 6808 5605 1203 19940 19940 334548 334548 77334 77334 ADMIN. SERVICE FEE 920000 920000 TELEPHONE 73610 73610 BANK AND CREDIT CARD PR 55870 55870 SUPPLIES 49872 49872 66485 60317 6168 7798243 6285107 1513136 0 151212 115083 8634 8160 325587 296352 141124 83291 212384 5187093 3978383 1395406 1208710 102235 109838 0 902615 2207489 2853142 284817 250810 135989 22731 933577 1726495 1354383 2000036 X 790027 789562 63079 63544 853106 853106 2207489 2853142 -5036 5036 0 X 0 1 X 1 1 1 X 80300 56047 177471 175946 99570 589334 8281811 8001030 8138921 8465273 8333495 41220530 8362111 8057077 8316392 8641219 8433065 41809864 80300 56047 61540 51279 99570 348736 3305369 3714175 3155038 3023403 3145193 16343178 3385669 3770222 3216578 3074682 3244763 16691914 25117950 26849 2936 2719 4487 3774 40765 26849 2936 2719 4487 3774 40765 8388960 8060013 8319111 8645706 8436839 41850629 0.60020 0.64590 0.00100 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19897 1496 16 21377 22685 -2684 89 15 19897 18460 4241 16 22685 17929 549 18 18460 17277 1094 420 22 17929 0.00000 0.12310 0.87690 0 1 1 2612917 1815100 797817 2248738 1846534 402204 325438 316749 8689 1208710 OPERATING LEASE RIGHT-OF-USE ASSET 902615 902615 LOANS PAYABLE DUE TO THE NEW ENGLAND COLLEGE OF OPTOMETRY 621921 OPERATING PAYABLES DUE TO THE NEW ENGLAND COLLEGE OF OPTOMETRY 113516 OPERATING LEASE LIABILITY 991058 1726495 X 8440908 5036 642747 647783 7793125 82 82 7793207 8440908 642747 642747 7798161 82 82 7798243 PART V, LINE 4: THE USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO HELP FUND VISION CARE FOR INDIVIDUALS WITH DISABILITIES, INDIVIDUALS WHO CANNOT AFFORD EYE CARE AS WELL AS FOR VISION RESEARCH. ALL USES ARE TO BE IN ACCORDANCE WITH DONOR'S INSTRUCTIONS. PART X, LINE 2: NEEI 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. NEEI HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, NEEI HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. NEEI IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. NEEI'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 642,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 642,747. X X 0 0 0 0 0 0 0 0 0 HOWARD PURCELL PRESIDENT 0 457133 0 112524 0 4303 0 27450 0 33299 0 634709 0 0 TRACI LOGAN TREASURER/EVP/CFO/COO 0 383043 0 66180 0 24351 0 27450 0 13221 0 514245 0 0 TIMOTHY BOSSIE SR DIR OWNED CLINICS AND OUTREACH 165203 0 6000 0 822 0 15303 0 33299 0 220627 0 0 0 ANITA GULMIRI ASST PROFESSOR CLINICAL OPTOMETRY 162457 0 1000 0 650 0 12358 0 41129 0 217594 0 0 0 MARK W O'DONOGHUE ASST PROFESSOR CLINICAL OPTOMETRY 146972 0 1150 0 1548 0 13101 0 20344 0 183115 0 0 0 NICOLE B QUINN FORMER TRUSTEE/PROFESSOR 0 131575 0 1200 0 819 0 12593 0 33166 0 179353 0 0 AMY R MOY SR DIR CHC INITIATIVES AND COMPLIANC 150037 0 6000 0 824 0 14070 0 7100 0 178031 0 0 0 PHYLLIS ANDREJKO CLINICAL ASST PROFESSOR 151071 0 0 0 1155 0 13752 0 11521 0 177499 0 0 0 CRYSTAL LEWANDOWSKI ASST PROFESSOR CLINICAL OPTOMETRY 124404 0 1000 0 632 0 12198 0 37846 0 176080 0 0 0 ATHANASIOS PANORGIAS TRUSTEE/PROFESSOR 0 142539 0 1000 0 618 0 12775 0 13221 0 170153 0 0 DANIEL BASTIAN ASST PROFESSOR CLINICAL OPTOMETRY 141234 0 1000 0 659 0 12646 0 5505 0 161044 0 0 0 FORM 990 PART I, LINE 5 THE NUMBER OF CALENDAR YEAR 2022 EMPLOYEES SHOWN ON PART I, LINE 5, INCLUDES FULL-TIME AND PART-TIME REGULAR EMPLOYEES AS WELL AS FEDERAL WORK STUDY AND SIMILAR STUDENT EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE NEW ENGLAND COLLEGE OF OPTOMETRY IS THE SOLE MEMBER OF NEW ENGLAND EYE INSTITUTE, INC. FORM 990, PART VI, SECTION A, LINE 7A THE NEW ENGLAND COLLEGE OF OPTOMETRY IS THE SOLE MEMBER OF THE NEW ENGLAND EYE INSTITUTE, INC. FORM 990, PART VI, SECTION A, LINE 7B UNDER NEEI'S BY-LAWS, THE NEW ENGLAND COLLEGE OF OPTOMETRY AS SOLE MEMBER, IN ADDITION TO THOSE POWERS AND RIGHTS GRANTED UNDER MASSACHUSETTS LAW, HAS THE POWER TO APPOINT THE INITIAL DIRECTORS OF NEEI, TO APPOINT AND REMOVE THE PRESIDENT OF NEEI, TO MANAGE THE INVESTMENTS OF NEEI, TO REVIEW AND APPROVE CAPITAL OR DEVELOPMENT PLANS OVER A CERTAIN AMOUNT, TO REVIEW AND APPROVE ALL PROPOSED OPERATING AND CAPITAL BUDGETS, TO APPOINT THE INDEPENDENT AUDITOR, TO APPROVE ALL MORTGAGES OR GRANTING OF A SECURITY INTEREST IN THE ASSETS OF NEEI, ETC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR OF FINANCIAL OPERATIONS, THE EXECUTIVE VP/CFO/COO, AND THE PRESIDENT, AS WELL AS THE FINANCE, AUDIT AND BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES. A COPY WAS PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE'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. TRUSTEES 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 INSTITUTE'S SENIOR DIRECTOR OF OWNED CLINICS AND OUTREACH AFFILIATIONS, AND SENIOR DIRECTOR OF COMMUNITY HEALTH CENTER INITIATIVES AND OPTICAL PRACTICE COMPLIANCE, REPORT JOINTLY TO NECO'S EXECUTIVE VICE PRESIDENT/COO/CFO AND TO NECO'S VICE PRESIDENT ACADEMIC AFFAIRS . COMPENSATION IS DETERMINED BY THE EXECUTIVE VICE PRESIDENT/COO/CFO WITH INPUT FROM NECO'S VICE PRESIDENT ACADEMIC AFFAIRS. COMPENSATION FOR THESE POSITIONS WAS DETERMINED USING BENCHMARK DATA FOR COMPARABLE POSITIONS; ANNUAL SALARY INCREASES ARE DETERMINED THROUGH THE ANNUAL PERFORMANCE EVALUATION PROCESS. 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 VII, SECTION A: COMPENSATION FOR EMPLOYEES OF NEW ENGLAND EYE INSTITUTE, INC. IS ADMINISTERED BY THE NEW ENGLAND COLLEGE OF OPTOMETRY, INCLUDING THE FILING OF PAYROLL TAX RETURNS. THE NEW ENGLAND COLLEGE OF OPTOMETRY 424 BEACON STREET BOSTON MA 02115 041591060 PROFESSIONAL GRADUATE SCHOOL OF OPTOMETRY MA 501(C)(3) LINE 2 N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0