Nonprofit · EIN 04-1591060
NEW ENGLAND COLLEGE OF OPTOMETRY
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,939,924 | $26,376,482 | $5,563,442 | $96,585,845 | $12,778,878 | $83,806,967 |
| June 30, 2024 | 990 | $30,831,292 | $25,919,987 | $4,911,305 | $88,102,234 | $13,526,966 | $74,575,268 |
| June 30, 2023 | 990 | $29,864,825 | $25,334,160 | $4,530,665 | $79,714,056 | $14,251,736 | $65,462,320 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,106,055
- of which government grants
- $143,446
- Program service revenue
- $26,197,869
- Investment income
- $3,466,307
- Net gain from sales of assets
- $748,391
- Net income from sales of inventory
- -$1,882
- Other revenue
- $1,169,693
Expenses
- Grants and similar amounts paid
- $1,625,029
- Compensation of officers, directors and key employees
- $2,352,997
- Other salaries and wages
- $9,515,867
- Salaries, compensation and benefits (total)
- $14,855,315
- Professional fundraising fees
- $0
- Legal fees
- $28,520
- Accounting fees
- $58,707
- Occupancy
- $847,488
- Travel
- $226,736
- Depreciation
- $1,398,568
- Program services (functional)
- $18,807,411
- Management and general (functional)
- $7,146,545
- Fundraising (functional)
- $422,526
Balance sheet and other
- Total assets, start of year
- $88,102,234
- Total assets, end of year
- $96,585,845
- Total liabilities, end of year
- $12,778,878
- Net assets, end of year
- $83,806,967
- Land, buildings and equipment
- $8,828,763
- Publicly traded securities
- $69,669,003
- Net assets without donor restrictions
- $68,829,381
- Net assets with donor restrictions
- $14,977,586
- Gross receipts
- $51,499,402
- Employees
- 369
- Volunteers
- 50
- Year formed
- 1894
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOWARD PURCELL | PRESIDENT Trustee or director, Officer | 40 | $651,662 | $63,060 |
| TRACI LOGAN | TREASURER/EVP/COO Officer | 40 | $517,308 | $43,143 |
| ERIK M WEISSBERG | VP/DEAN Key employee | 40 | $307,902 | $23,960 |
| GARY Y CHU | VP/PROFESSIONAL AFFAIRS Key employee | 40 | $204,786 | $20,478 |
| STACY A LYONS | PROFESSOR Highest-paid employee | 40 | $177,543 | $38,759 |
| PETER MADDOCKS | EXEC DIR FIN OPERATIONS Highest-paid employee | 40 | $182,902 | $29,676 |
| STEVEN B KOEVARY | PROFESSOR Highest-paid employee | 40 | $185,018 | $26,618 |
| ATHANASIOS PANORGIAS | TRUSTEE/PROFESSOR Trustee or director | 40 | $177,697 | $29,465 |
| AURORA DENIAL | PROFESSOR Highest-paid employee | 40 | $161,504 | $37,542 |
| BINA J PATEL | PROFESSOR Highest-paid employee | 40 | $162,224 | $25,701 |
| SHAWNE K GILLIES | DIR FACILITIES/CAMPUS PLNG Key employee | 40 | $157,819 | $28,371 |
| MOLLIE S FORMAN | SECRETARY/MANAGER Officer | 40 | $77,484 | $22,286 |
| ADDY R REITER | ASST SECRETARY/OFFICE MANAGER Officer | 40 | $54,672 | $26,341 |
| RICHARD HELLER | BOARD CHAIR Trustee or director | 3 | $0 | $0 |
| DOROTHY L HITCHMOTH | BOARD VICE CHAIR Trustee or director | 3 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYRON ALLUKIAN JR | TRUSTEE Trustee or director | 3 | $0 |
| LINDA BENNETT | TRUSTEE Trustee or director | 3 | $0 |
| KAREN ENG | TRUSTEE Trustee or director | 3 | $0 |
| ALAN GLAZIER | TRUSTEE Trustee or director | 3 | $0 |
| KRISTEN GRIEBEL | TRUSTEE Trustee or director | 3 | $0 |
| ANNE KAVANAGH | TRUSTEE Trustee or director | 3 | $0 |
| JONATHAN MARCUS | TRUSTEE Trustee or director | 3 | $0 |
| ROBERT MEENAN | TRUSTEE Trustee or director | 3 | $0 |
| MELVIN MING | TRUSTEE Trustee or director | 3 | $0 |
| ANDREW MORGENSTERN | TRUSTEE Trustee or director | 3 | $0 |
| RACHEL NEGRIS | TRUSTEE Trustee or director | 3 | $0 |
| SUSAN PRIMO | TRUSTEE Trustee or director | 3 | $0 |
| VALARIE RICCIARDI | TRUSTEE Trustee or director | 3 | $0 |
| JOHN STEFANINI | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOWARD PURCELL | PRESIDENT Trustee or director, Officer | 40 | $602,862 | $59,957 |
| TRACI LOGAN | TREASURER/EVP/COO/CFO Officer | 40 | $497,216 | $40,710 |
| ERIK M WEISSBERG | VP/DEAN Key employee | 40 | $296,806 | $23,058 |
| FUENSANTA VERA-DIAZ | DIR RESEARCH Highest-paid employee | 40 | $202,765 | $24,136 |
| GARY Y CHU | VP/PROFESSIONAL AFFAIRS Key employee | 40 | $202,110 | $19,865 |
| STEVEN B KOEVARY | PROFESSOR Highest-paid employee | 40 | $189,549 | $25,727 |
| STACY LYONS | PROFESSOR Highest-paid employee | 40 | $174,171 | $35,699 |
| PETER MADDOCKS | EXEC DIR FIN OPERATIONS Highest-paid employee | 40 | $176,806 | $27,514 |
| ATHANASIOS PANORGIAS | TRUSTEE/PROFESSOR Trustee or director | 40 | $165,430 | $26,892 |
| DEBORA L NICKLA | PROFESSOR Highest-paid employee | 40 | $161,145 | $23,303 |
| SHAWNE K GILLIES | DIR FACILITIES/CAMPUS PLNG Key employee | 40 | $153,263 | $26,364 |
| MOLLIE S FORMAN | SECRETARY/MANAGER Officer | 40 | $70,452 | $20,090 |
| ASHLEY SLOANE | SECRETARY (UNTIL 12/31/23) Officer | 40 | $71,817 | $16,382 |
| ADDY R REITER | ASST SECRETARY/ADMIN ASST Officer | 40 | $46,208 | $24,024 |
| MYRON ALLUKIAN JR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LINDA BENNETT | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KAREN ENG | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RONALD R FERRUCCI | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ALAN GLAZIER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KRISTEN GRIEBEL | BOARD CHAIR Trustee or director | 3 | $0 | $0 |
| RICHARD HELLER | BOARD VICE CHAIR Trustee or director | 3 | $0 | $0 |
| DOROTHY L HITCHMOTH | TRUSTEE Trustee or director | 3 | $0 | $0 |
| COLIN L LEITCH | TRUSTEE (UNTIL 02/05/24) Trustee or director | 3 | $0 | $0 |
| JON MARCUS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ROBERT MEENAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MELVIN MING | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ANDREW MORGENSTERN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RACHEL NEGRIS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SUSAN PRIMO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| VALARIE RICCIARDI | TRUSTEE Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOWARD PURCELL | PRESIDENT Trustee or director, Officer | 40 | $573,960 | $60,749 |
| TRACI LOGAN | TREASURER/EVP/COO/CFO Officer | 40 | $473,574 | $40,671 |
| ERIK M WEISSBERG | VP/DEAN Key employee | 40 | $281,117 | $22,301 |
| KRISTEN B FILLION | ASSOC DEAN CLINICAL AFFAIR Key employee | 40 | $174,946 | $47,803 |
| GARY Y CHU | VP PROFESSIONAL AFFAIRS Key employee | 40 | $199,982 | $18,792 |
| STEVEN B KOEVARY | PROFESSOR Highest-paid employee | 40 | $191,950 | $26,667 |
| ELIZABETH DAVIES | FORMER OFFICER/EXEC DIR HR (UNTIL 01/20/2023) Former | 40 | $167,474 | $38,349 |
| STACY LYONS | PROFESSOR Highest-paid employee | 40 | $162,482 | $36,920 |
| PETER MADDOCKS | EXEC DIR FIN OPERATIONS Highest-paid employee | 40 | $170,768 | $27,927 |
| FUENSANTA VERA-DIAZ | PROFESSOR Highest-paid employee | 40 | $169,699 | $24,046 |
| JILL LUND | DIR ENTERPRISE TECH Highest-paid employee | 40 | $160,537 | $31,667 |
| NICOLE B QUINN | FORMER TRUSTEE/PROFESSOR Former | 40 | $133,594 | $45,759 |
| SHAWNE K GILLIES | DIR FACILITIES/CAMPUS PLNG Key employee | 40 | $150,537 | $25,927 |
| ATHANASIOS PANORGIAS | TRUSTEE/PROFESSOR Trustee or director | 40 | $144,157 | $25,996 |
| ASHLEY TORTORA | SECRETARY/ADMIN MANAGER Officer | 40 | $68,510 | $16,986 |
| JANET LABRECK | TRUSTEE (UNTIL 12/01/22) Trustee or director | 3 | $23,333 | $0 |
| MYRON ALLUKIAN JR DDS MPH | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LINDA BENNETT OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RONALD R FERRUCCI OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ALAN GLAZIER OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KRISTEN GRIEBEL OD | BOARD CHAIR Trustee or director | 3 | $0 | $0 |
| RICHARD HELLER JD | BOARD VICE CHAIR Trustee or director | 3 | $0 | $0 |
| DOROTHY L HITCHMOTH OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STEPHEN N KIRNON MBA EDD | TRUSTEE (UNTIL 10/15/22) Trustee or director | 3 | $0 | $0 |
| COLIN L LEITCH MDIV | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ROBERT MEENAN MD MPH MBA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| RACHEL NEGRIS OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| VALARIE RICCIARDI | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ROBERT RYAN CPA CGMA | TRUSTEE (UNTIL 10/15/22) Trustee or director | 3 | $0 | $0 |
| RICHARD N SMALL CPA | TRUSTEE (UNTIL 10/15/22) Trustee or director | 3 | $0 | $0 |
| JOSEPH P ZOLNER EDD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JON MARCUS CFP AIF | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MELVIN MING CPA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ANDREW MORGENSTERN OD FAAO FNAP | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SUSAN PRIMO OD | TRUSTEE Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 424 BEACON ST, BOSTON, MA 02115-1129
- In care of
- % NEWE
- Principal officer (990 for 2024)
- HOWARD PURCELL OD, 424 BEACON STREET, BOSTON, MA 02115
- Signed the 990
- HOWARD PURCELL OD, PRESIDENT
- Phone
- (617) 266-2030
- Website
- WWW.NECO.EDU
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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. 538 STUDENTS WERE ENROLLED DURING THE YEAR ENDED 06/30/2025.Expenses $17,310,448 · grants $1,586,234 · revenue $26,512,135
- 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 MAINTAINS AN INTERNATIONAL REPUTATION IN CLINICALLY RELEVANT AREAS OF RESEARCH INCLUDING MYOPIA, PEDIATRIC, LOW VISION REHABILITATION, AND VISION SCIENCE. FACULTY ACTIVELY ENGAGE IN RESEARCH SUPPORTED BY THE NIH, OTHER FEDERAL AGENCIES, FOUNDATIONS, AND INDUSTRY PARTNERS, WHILE MENTORING GRADUATE AND PROFESSIONAL STUDENTS WHO PARTICIPATE IN THESE PROJECTS. IN FY2025 THE COLLEGE RECEIVED REVENUE FROM 21 GRANTS AND CONTRACTS, 9 OF WHICH WERE SPONSORED BY U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES.Expenses $1,249,225 · revenue $775,439
- 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, AND SPAIN IN FY2025.Expenses $218,847 · grants $38,795 · revenue $39,150
- CONTINUING PROFESSIONAL EDUCATION - THE COLLEGE PROVIDES PATIENT-CENTERED, CLINICALLY RELEVANT EDUCATION TO SUPPORT LIFELONG LEARNING FOR OPTOMETRISTS.Expenses $28,891 · revenue $40,838
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1591060
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1948
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $96,585,845
- Income (IRS master file)
- $51,499,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,939,924 | $26,376,482 | $96,585,845 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $30,831,292 | $25,919,987 | $88,102,234 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $29,864,825 | $25,334,160 | $79,714,056 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $30,860,673 | $24,416,885 | $74,214,520 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1591060).
Questions about NEW ENGLAND COLLEGE OF OPTOMETRY
- What is the EIN of NEW ENGLAND COLLEGE OF OPTOMETRY?
- The employer identification number (EIN) of NEW ENGLAND COLLEGE OF OPTOMETRY is 04-1591060.
- Is NEW ENGLAND COLLEGE OF OPTOMETRY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to NEW ENGLAND COLLEGE OF OPTOMETRY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ENGLAND COLLEGE OF OPTOMETRY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW ENGLAND COLLEGE OF OPTOMETRY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ENGLAND COLLEGE OF OPTOMETRY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW ENGLAND COLLEGE OF OPTOMETRY?
- The 990 for the year ended June 30, 2025 names HOWARD PURCELL OD.
- Who are the officers and directors of NEW ENGLAND COLLEGE OF OPTOMETRY?
- The 990 for the year ended June 30, 2025 lists 29 people; 13 received compensation from the organization, the highest $651,662 (HOWARD PURCELL, PRESIDENT).
- How much revenue does NEW ENGLAND COLLEGE OF OPTOMETRY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,939,924, expenses of $26,376,482 and total assets of $96,585,845 at year end.
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