2026-03-15T13:06:53-05:00 2025-06-30 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-07-01 043575676 NEW ENGLAND EYE INSTITUTE INC NEWE 6175875598 930 COMMONWEALTH AVENUE BOSTON MA 02215 HOWARD PURCELL OD PRESIDENT 6175875598 2026-03-13 1 1 CRAIG KLEIN P00734640 6178075000 2026-03-13 2024 2025-03-06 01:10:19Z NECO CENTER FOR EYE CARE HOWARD PURCELL OD 424 BEACON ST BOSTON MA 02115 9014714 0 X WWW.NECOEYECARE.ORG X 2001 MA SEE PART III, LINE 1 FOR MISSION STATEMENT 18 16 149 50 0 0 40387 16138 7479556 7870659 3689 6688 521732 451878 8045364 8345363 0 0 0 0 5609598 6028715 0 0 0 2444219 2323962 8053817 8352677 -8453 -7314 2491035 1853840 1637929 1000734 853106 853106 X TO IMPROVE THE VISUAL HEALTH OF POPULATIONS THROUGH EXCELLENCE IN COLLABORATIVE AND COMMUNITY-ORIENTED PATIENT CARE, EDUCATION AND RESEARCH. 0 0 3565591 2101187 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. 3020237 2400220 COMMUNITY HEALTH CENTERS AND EXTERNAL CLINICS: OUR DOCTORS AND STUDENTS PROVIDE EYE CARE SERVICES TO APPROXIMATELY 65,000 PATIENT VISITS ANNUALLY AT 15 MASSACHUSETTS COMMUNITY HEALTH CENTERS AND EXTERNAL CLINICS WITHIN A 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.` 203816 25900 SCHOOL SCREENINGS AND OUTREACH SERVICES: OUR SCHOOLS AND OUTREACH PROGRAMS PROVIDE A WIDE RANGE OF SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS, 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 IN PARTNERSHIP WITH PUBLIC SCHOOLS, HOMELESS SHELTERS, LOCAL GOVERNMENTS, AND COMMUNITY BASED ORGANIZATIONS. NEEI'S SCHOOLS AND OUTREACH PROGRAMS SERVE APPROXIMATELY 5,000 PATIENTS ANNUALLY ACROSS MASSACHUSETTS. 0 3795230 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 3795230 6789644 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 1 149 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 RICHARD KELLEY CFO 6175875633 424 BEACON STREET BOSTON MA 02115 X HOWARD PURCELL PRESIDENT 0.00 40.00 X X 0 651662 63060 ATHANASIOS PANORGIAS TRUSTEE/PROFESSOR 3.00 40.00 X 0 177697 29465 RICHARD HELLER BOARD CHAIR 3.00 3.00 X 0 0 0 DOROTHY L HITCHMOTH BOARD VICE CHAIR 3.00 3.00 X 0 0 0 MYRON ALLUKIAN JR TRUSTEE 3.00 3.00 X 0 0 0 LINDA BENNETT TRUSTEE 3.00 3.00 X 0 0 0 KAREN ENG TRUSTEE 3.00 3.00 X 0 0 0 ALAN GLAZIER TRUSTEE 3.00 3.00 X 0 0 0 KRISTEN GRIEBEL TRUSTEE 3.00 3.00 X 0 0 0 ANNE KAVANAGH TRUSTEE 3.00 3.00 X 0 0 0 JONATHAN MARCUS TRUSTEE 3.00 3.00 X 0 0 0 ROBERT MEENAN TRUSTEE 3.00 3.00 X 0 0 0 MELVIN MING TRUSTEE 3.00 3.00 X 0 0 0 ANDREW MORGENSTERN TRUSTEE 3.00 3.00 X 0 0 0 RACHEL NEGRIS TRUSTEE 3.00 3.00 X 0 0 0 SUSAN PRIMO TRUSTEE 3.00 3.00 X 0 0 0 VALARIE RICCIARDI TRUSTEE 3.00 3.00 X 0 0 0 JOHN STEFANINI TRUSTEE 3.00 3.00 X 0 0 0 TRACI LOGAN TREASURER/EVP/COO 0.00 40.00 X 0 517308 43143 MOLLIE S FORMAN SECRETARY/MANAGER 0.00 40.00 X 0 77484 22286 ADDY R REITER ASST SECRETARY/OFFICE MANAGER 0.00 40.00 X 0 54672 26341 TIMOTHY BOSSIE SR DIR OWNED CLINICS AND OUTREACH 40.00 0.00 X 197370 0 53640 AMY R MOY SR DIR CHC INITIATIVES AND COMPLIANCE 40.00 0.00 X 162579 0 35848 PHYLLIS ANDREJKO ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 165707 0 25998 CRYSTAL LEWANDOWSKI ASSOC PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 138114 0 48609 THOMAS ANDREA ASST PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 143453 0 37670 LEXI MALKIN ASSOC PROFESSOR 40.00 0.00 X 130226 0 53178 DANIEL BASTIAN ASSOC PROFESSOR CLINICAL OPTOMETRY 40.00 0.00 X 161135 0 19299 1098584 1478823 458537 21 0 1 0 0 16138 16138 EDUCATIONAL SERVICES FEE FROM AFF 900099 3795230 3795230 PROF. SERVICE AGREEMENTS 900099 2426120 2426120 NET PATIENT CARE REVENUE 900099 1649309 1649309 7870659 5239 5239 38647 37198 1449 1449 1449 1084022 632153 451869 451869 OPERATING INCOME 900099 9 9 9 8345363 8322537 0 6688 389446 389446 4425787 4145717 280070 356642 334916 21726 487942 458217 29725 368898 346426 22472 1639 1639 19524 19524 82883 81898 985 19448 16101 3347 158567 89962 68605 429243 414726 14517 22658 14667 7991 4293 1270 3023 13732 13732 327940 327940 81990 81990 ADMIN. SERVICE FEE 995000 995000 BANK AND CREDIT CARD PR 71276 71276 SUPPLIES 32727 32727 EQUIPMENT RENTAL AND MA 21770 21770 41272 28853 12419 8352677 6789644 1563033 0 185122 222646 2539 0 318548 147913 170230 173610 86996 94268 5220084 4593414 947503 626670 121624 135052 658473 453681 2491035 1853840 157241 143190 1480688 857544 1637929 1000734 X 777997 781646 75109 71460 853106 853106 2491035 1853840 -7314 7314 0 X 0 1 X 1 1 1 X 177471 175946 99570 40387 16138 509512 8138921 8465273 8333495 8569788 8954690 42462167 8316392 8641219 8433065 8610175 8970828 42971679 61540 51279 94570 40387 16138 263914 3155038 3023403 3145193 3541342 3705469 16570445 3216578 3074682 3239763 3581729 3721607 16834359 26137320 2719 4487 3774 3979 5239 20198 2719 4487 3774 3979 5239 20198 8319111 8645706 8436839 8614154 8976067 42991877 0.60800 0.59830 0.00050 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23564 2614 107 19 26052 21377 2311 107 17 23564 19897 1496 16 21377 22685 -2684 89 15 19897 18460 4241 16 22685 0.00000 0.11530 0.88470 0 1 1 2615616 2237508 378108 2509973 2261411 248562 94495 94495 0 626670 OPERATING LEASE RIGHT-OF-USE ASSET 403651 OPERATING RECEIVABLES FROM NECO 50030 453681 LOANS PAYABLE DUE TO THE NEW ENGLAND COLLEGE OF OPTOMETRY 409110 OPERATING LEASE LIABILITY 448434 857544 X 8984735 7314 632153 639467 8345268 95 95 8345363 8984735 632153 632153 8352582 95 95 8352677 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 632,153. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 632,153. X X 0 0 0 0 0 0 0 0 0 HOWARD PURCELL PRESIDENT 0 487509 0 156512 0 7641 0 31050 0 32010 0 714722 0 0 TRACI LOGAN TREASURER/EVP/COO 0 412658 0 77679 0 26971 0 31050 0 12093 0 560451 0 0 TIMOTHY BOSSIE SR DIR OWNED CLINICS AND OUTREACH 196456 0 100 0 814 0 17098 0 36542 0 251010 0 0 0 ATHANASIOS PANORGIAS TRUSTEE/PROFESSOR 0 176954 0 0 0 743 0 15172 0 14293 0 207162 0 0 AMY R MOY SR DIR CHC INITIATIVES AND COMPLIANC 161743 0 0 0 836 0 15290 0 20558 0 198427 0 0 0 PHYLLIS ANDREJKO ASST PROFESSOR CLINICAL OPTOMETRY 157680 0 6575 0 1452 0 14379 0 11619 0 191705 0 0 0 CRYSTAL LEWANDOWSKI ASSOC PROFESSOR CLINICAL OPTOMETRY 134788 0 2707 0 619 0 13078 0 35531 0 186723 0 0 0 LEXI MALKIN ASSOC PROFESSOR 129630 0 0 0 596 0 12061 0 41117 0 183404 0 0 0 THOMAS ANDREA ASST PROFESSOR CLINICAL OPTOMETRY 142824 0 0 0 629 0 13010 0 24660 0 181123 0 0 0 DANIEL BASTIAN ASSOC PROFESSOR CLINICAL OPTOMETRY 158388 0 2109 0 638 0 13794 0 5505 0 180434 0 0 0 FORM 990 PART I, LINE 5 THE NUMBER OF CALENDAR 2024 EMPLOYEES SHOWN ON PART I, LINE 5, INCLUDES FULL-TIME AND PART-TIME REGULAR EMPLOYEES AS WELL AS FEDERAL WORK STUDY AND SIMILAR STUDENTS. 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 CFO, THE EXECUTIVE VP/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 AND TO NECO'S VICE PRESIDENT ACADEMIC AFFAIRS. COMPENSATION IS DETERMINED BY THE EXECUTIVE VICE PRESIDENT/COO 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 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0