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NEW ENGLAND COLLEGE OF OPTOMETRY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
NEW ENGLAND COLLEGE OF OPTOMETRY (EIN 04-1591060)
Tax period
2010-07-01 to 2011-06-30
Filed
2012-05-14
IRS object ID
201241359349305109
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-14T15:05:37-05:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIZ TOFIASBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1500 BOYLSTON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02116ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN041591060EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE NEW ENGLAND COLLEGE OF OPTOMETRYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNEWENameControl
Phone6172662030Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1424 BEACON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02115ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCLIFFORD SCOTT OD MPHName
TitlePRESIDENTTitle
Phone6172662030Phone
Date Signed2012-05-11DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCRAIG KLEINName
Phone6177610600Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonCLIFFORD SCOTT OD MPHNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1424 BEACON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02115ZIPCode
FieldValueIRS element (for citing)
Gross Receipts25731752GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.NECO.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1894YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO SERVE THE OPTOMETRIC NEEDS OF THE PUBLIC BY EDUCATING OPTOMETRISTS TO THE HIGHEST LEVEL OF PROFICIENCY AND INTEGRITY.ActivityOrMissionDescription
Nbr Voting Members Governing Body23NbrVotingMembersGoverningBody
Nbr Independent Voting Members22NbrIndependentVotingMembers
Total Nbr Employees464TotalNbrEmployees
Total Nbr Volunteers22TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year377981ContributionsGrantsPriorYear
Contributions Grants Current Year720397ContributionsGrantsCurrentYear
Program Service Revenue Prior Year17685750ProgramServiceRevenuePriorYear
Program Service Revenue CY18071257ProgramServiceRevenueCY
Investment Income Prior Year1713583InvestmentIncomePriorYear
Investment Income Current Year886862InvestmentIncomeCurrentYear
Other Revenue Prior Year284765OtherRevenuePriorYear
Other Revenue Current Year220615OtherRevenueCurrentYear
Total Revenue Prior Year20062079TotalRevenuePriorYear
Total Revenue Current Year19899131TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year420777GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY363176GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year10097367SalariesEtcPriorYear
Salaries Etc Current Year9194990SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year410465TotalFundrsngExpCurrentYear
Other Expense Prior Year8789033OtherExpensePriorYear
Other Expenses Current Year8702675OtherExpensesCurrentYear
Total Expenses Prior Year19307177TotalExpensesPriorYear
Total Expenses Current Year18260841TotalExpensesCurrentYear
Revenues Less Expenses Prior Year754902RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1638290RevenuesLessExpensesCY
Total Assets BOY32929779TotalAssetsBOY
Total Assets EOY34528747TotalAssetsEOY
Total Liabilities BOY19945743TotalLiabilitiesBOY
Total Liabilities EOY18953705TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY12984036NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY15575042NetAssetsOrFundBalancesEOY
Mission DescriptionTO SERVE THE OPTOMETRIC NEEDS OF THE PUBLIC BY EDUCATING OPTOMETRISTS TO THE HIGHEST LEVEL OF PROFICIENCY AND INTEGRITY.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense11355777Expense
Grants363176Grants
Revenue16588196Revenue
DescriptionSINCE 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 OF LIFE-LONG LEARNING AND COMMUNITY SERVICE. ITS CURRICULUM EMPHASIZES THAT ITS STUDENTS ARE HEALTH CARE PROVIDERS WITH THE EMPHASIS THAT CHANGES IN THE FUNCTIONING OF THE EYE OFTEN INDICATE OTHER RELATED AILMENTS WITHIN THE BODY. WITH AN ENROLLMENT IN EXCESS OF 450 STUDENTS, THE STUDENT BODY IS DIVERSE; REPRESENTING 38 US STATES AND 7 OTHER COUNTRIES.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense1502276Expense
Revenue1636262Revenue
DescriptionTHE NEW ENGLAND COLLEGE OF OPTOMETRY ADOPTED A VISION STATEMENT OVER A DECADE AGO THAT HONORS DISCOVERY, WITH ONE OF ITS STATED GOALS "TO ESTABLISH THE COLLEGE AS A LEADER IN IMPORTANT AND SELECTED AREAS OF RESEARCH AND SCHOLARSHIP IN VISION SCIENCE AND HEALTHCARE". IN FISCAL YEAR 2011, THE COLLEGE SECURED FUNDING FOR 8 GRANTS, 6 OF WHICH WERE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH. AREAS OF FOCUS INCLUDED RETINAL PHYSIOLOGY, HIGH RESOLUTION RETINAL IMAGING, PROGRESSION OF JUVENILE-ONSET MYOPIA, VISION SCREENING, OCULAR GROWTH RHYTHMS, TOPICAL OCULAR DRUG DELIVERY, AND NEUROPHARMACOLOGY AND VISUAL PHOTOPHYSICS.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense190210Expense
Revenue67414Revenue
DescriptionIN FULFILLMENT OF ITS VISION STATEMENT, THE COLLEGE'S FACULTY HAS PLAYED A KEY ROLE BY PROVIDING OPTOMETRIC EDUCATION IN MANY COUNTRIES INCLUDING GERMANY, ISRAEL, AND SOUTH AFRICA DURING FISCAL YEAR 2011.Description
FieldValueIRS element (for citing)
Total Program Service Expense13048263TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities1LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities1ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds1TaxExemptBonds
Invest Tax Exempt Bonds0InvestTaxExemptBonds
Escrow Account0EscrowAccount
On Behalf Of Issuer0OnBehalfOfIssuer
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp1OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity1RelatedOrgControlledEntity
Transaction Related Entity1TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109660NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees464NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members23NbrVotingGoverningBodyMembers
Number Independent Voting Members22NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonBRUCE BERNIER CFONamePerson
Telephone Number6175875693TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1424 BEACON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02115ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (35 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
STEVEN P MANFREDI
BOARD CHAIR12.00XX000
RONALD R FERRUCCI OD
BOARD VICE CHAIR4.00XX000
MYRON ALLUKIAN JR DDS MPH
TRUSTEE4.00X000
A ROBERT CHILD OD
TRUSTEE4.00X000
FRANCIS L DIMELLA AIA
TRUSTEE4.00X000
JOAN M EXFORD OD
TRUSTEE4.00X000
HOWARD GREENBERG
TRUSTEE4.00X000
ANN HUDSON CPA
TRUSTEE4.00X000
JAMES HUNT JR MUA CAE LHD
TRUSTEE4.00X000
STEPHEN N KIRNON MDA EDD
TRUSTEE4.00X000
BRIAN S KLINGER OD FAAO
TRUSTEE4.00X000
COLIN L LEITCH M DIV
TRUSTEE4.00X000
KELLY MACDONALD OD
TRUSTEE4.00X000
ROBERT MEENAN MD MPH MBA
TRUSTEE4.00X000
JOEL B ROSEN MBA
TRUSTEE4.00X000
RICHARD N SMALL CPA
TRUSTEE4.00X000
NORMAN C SPECTOR JD
TRUSTEE4.00X000
JIAQI TAO MSC
TRUSTEE4.00X000
PANO YERACARIS MD MPH
TRUSTEE4.00X000
JOSEPH P ZOLNER EDD
TRUSTEE4.00X000
CHARLES MULLEN
TRUSTEE4.00X000
ROBERT SEKULER
TRUSTEE4.00X000
ANN MAGUIRE
TRUSTEE4.00X000
JAMES HOOLEY
TRUSTEE4.00X000
CLIFFORD SCOTT OD MPH
TRUSTEE/PRESIDENT40.00XX249990021950
ROBERT GORDON CPA MST
VP/SECRETARY/TREASURER40.00X144764031846
BRUCE BERNIER MBA
CFO/TREASURER40.00X87409017771
JODY FLEIT RN MS
CEO, NEEI40.00X016654534622
BARRY FISCH OD
VP ACADEMIC AFFAIRS40.00199595019915X
NANCY BROUDE
VP INSTITUTIONAL ADVANCEMENT40.00123523030070X
BRUCE MOORE OD
PROFESSOR40.001283841426529630X
ERIK WEISSBERG OD
PROFESSOR40.001156091005327979X
STEVEN KOEVARY PHD
PROFESSOR40.00138930029501X
JANE GWIAZDA
PROFESSOR40.00137887017788X
ELIZABETH CHEN MBA
FORMER PRESIDENT/TRUSTEE40.00284872043165X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1610963TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs190863TotalReportableCompFrmRltdOrgs
Total Other Compensation304237TotalOtherCompensation
Number Individuals GT100 K18NumberIndividualsGT100K
Formers Listed1FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
HARVARD PILGRIM HEALTH CARE
PO BOX 970050BOSTONMA022970050HEALTH INSURANCE1196547
ARCHITECTURAL ENVIRONMENTS INC
221 CHELMSFORD STCHELMSFORDMA01824ARCHITECTURAL/CONSTRUCTION SERVICES292470
UNITED HEALTHCARE
2301 W PLANO PARKWAYPLANOTX75075HEALTH INSURANCE269542
ROBLIN INSURANCE
144 GOULD STNEEDHAMMA024942321INSURANCE228149
LOONEY & GROSSMAN LLP
101 ARCH STBOSTONMA021101112LEGAL SERVICES130332
FieldValueIRS element (for citing)
Number Of Contractors GT100 K6NumberOfContractorsGT100K
All Other Contributions720397AllOtherContributions
Total Contributions720397TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION AND FEES9000991636758116367581
RESEARCH GRANTS90009916362621636262
INTERNATIONAL STUDIES9000996741467414
FieldValueIRS element (for citing)
Total Program Service Revenue18071257TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column366846TotalRevenueColumn
Exclusion$366,846ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities6318337Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities5798321Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities520016Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column520016TotalRevenueColumn
Exclusion$520,016ExclusionAmount
FieldValueIRS element (for citing)
Gross Sales Of Inventory23312GrossSalesOfInventory
Cost Of Goods Sold34300CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column-10988TotalRevenueColumn
Related Or Exempt Function Income-10988RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
ADMIN. SERVICE FEE900099150000150000
AUXILIARY ENTERPRISES9000997376173761
INTEREST INCOME ON STU90009978427842
FieldValueIRS element (for citing)
Total Other Revenue231603TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column19899131TotalRevenueColumn
Related Or Exempt Function Income18291872RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$886,862ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total363176Total
Program Services363176ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1262250Total
Program Services245993ProgramServices
Management And General1016257ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total6475201Total
Program Services4834850ProgramServices
Management And General1407571ManagementAndGeneral
Fundraising232780Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total495549Total
Program Services370012ProgramServices
Management And General107722ManagementAndGeneral
Fundraising17815Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total466637Total
Program Services348425ProgramServices
Management And General101437ManagementAndGeneral
Fundraising16775Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total495353Total
Program Services369866ProgramServices
Management And General107679ManagementAndGeneral
Fundraising17808Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total233890Total
Management And General233890ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total132200Total
Management And General132200ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total123174Total
Program Services61587ProgramServices
Management And General61587ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total1260500Total
Program Services799833ProgramServices
Management And General422256ManagementAndGeneral
Fundraising38411Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total9497Total
Program Services8520ProgramServices
Management And General977ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total369745Total
Program Services277679ProgramServices
Management And General92066ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total144686Total
Program Services121889ProgramServices
Management And General19194ManagementAndGeneral
Fundraising3603Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total135174Total
Program Services55007ProgramServices
Management And General35846ManagementAndGeneral
Fundraising44321Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total212099Total
Program Services159286ProgramServices
Management And General52813ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total996453Total
Program Services748336ProgramServices
Management And General248117ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total243656Total
Management And General243656ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
EDUCATION SERVICE FEES37964973796497
SUPPLIES3828492702781032519320
EQUIPMENT RENTAL/MAINT.20106211134889714
LETTER OF CREDIT FEES151471151471
PRINTING & PUBLICATIONS112883626403129518948

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total196839Total
Program Services43041ProgramServices
Management And General143114ManagementAndGeneral
Fundraising10684Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total18260841Total
Program Services13048263ProgramServices
Management And General4802113ManagementAndGeneral
Fundraising410465Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY668146BOY
EOY1129625EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY200480BOY
EOY146579EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY803715BOY
EOY698354EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY7156511BOY
EOY7357093EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY41093BOY
EOY27182EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY147793BOY
EOY189192EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis24503194LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec14136200LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY11110551BOY
EOY10366994EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY10805628BOY
EOY12851088EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY288492BOY
EOY254597EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1707370BOY
EOY1508043EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY32929779BOY
EOY34528747EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1043182BOY
EOY902064EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY1888481BOY
EOY1822349EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY9235000BOY
EOY8900000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY7779080BOY
EOY7329292EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY19945743BOY
EOY18953705EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY7183367BOY
EOY8934836EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY3661030BOY
EOY4460828EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2139639BOY
EOY2179378EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY12984036BOY
EOY15575042EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY32929779BOY
EOY34528747EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses1638290ReconcilationRevenueExpenses
Reconcilation Other Changes952716ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0Volunteers
Paid Staff Or Management0PaidStaffOrManagement
Media Advertisements0MediaAdvertisements
Mailings Members0MailingsMembers
Publications Or Broadcast0PublicationsOrBroadcast
Grants Other Organizations0GrantsOtherOrganizations
Direct Contact Legislators1DirectContactLegislators
Direct Contact Legislators$123,174DirectContactLegislatorsAmount
Rallies Demonstrations0RalliesDemonstrations
Other Activities0OtherActivities
Total Lobbying Expenditures IIB123174TotalLobbyingExpendituresIIB
Not Described In501c30NotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierEXPLANATION OF OTHER LOBBYING ACTIVITIES:Identifier
Return ReferencePART II-B, LINE 1I:ReturnReference
ExplanationTHE COLLEGE HAS PAID TWO LOBBYISTS A TOTAL OF $121,615 FOR MATTERS OF IMPORTANCE REGARDING FEDERAL AND STATE LEGISLATIVE MATTERS. AMOUNTS WERE PAID TO LYNCH & ASSOCIATES, BOSTON, MA $60,759 AND TO O'NEILL, ATHY & CASEY, WASHINGTON, DC $60,856. THE COLLEGE IS ALSO A MEMBER OF THE NEW ENGLAND COUNCIL AND THE ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY. THE COLLEGE'S PORTION OF THEIR LOBBYING EXPENSES WERE $200 AND $1250 RESPECTIVELY FOR FISCAL YEAR 2011. THE TOTAL ON LINE 1G ABOVE ALSO INCLUDES FILING FEES OF $109.Explanation

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance5364794BeginningOfYearBalance
Contributions64392Contributions
Investment Earnings Or Losses879686InvestmentEarningsOrLosses
Grants Or Scholarships60194GrantsOrScholarships
Other Expenditures79173OtherExpenditures
End Of Year Balance6169505EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance4925194BeginningOfYearBalance
Contributions56658Contributions
Investment Earnings Or Losses548620InvestmentEarningsOrLosses
Grants Or Scholarships62200GrantsOrScholarships
Other Expenditures103478OtherExpenditures
End Of Year Balance5364794EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance6000505BeginningOfYearBalance
Contributions48017Contributions
Investment Earnings Or Losses-952855InvestmentEarningsOrLosses
Grants Or Scholarships162780GrantsOrScholarships
Other Expenditures7693OtherExpenditures
End Of Year Balance4925194EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.00000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.33710PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.66290TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis19378316OtherCostOrOtherBasis
Depreciation9820280Depreciation
Book Value9558036BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis2685090OtherCostOrOtherBasis
Depreciation2251315Depreciation
Book Value433775BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2439788OtherCostOrOtherBasis
Depreciation2064605Depreciation
Book Value375183BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings10366994TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
GOVERNMENT GRANTS REFUNDABLE$6,487,345
ANNUITIES PAYABLE$148,933
INTEREST RATE SWAP$369,911
LINE OF CREDIT$323,103
FieldValueIRS element (for citing)
Total Of Amounts7329292TotalOfAmounts
Total Revenue19899131TotalRevenue
Total Expenses18260841TotalExpenses
Excess Or Deficit For Year1638290ExcessOrDeficitForYear
Net Unrealized GL On Investments918783NetUnrealizedGLOnInvestments
Other$33,933OtherAmount
Total Adjustments952716TotalAdjustments
Excess Or Deficit Per FS2591006ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt20522971TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments918783NetUnrealizedGainsInvestments
Other Revenues68233OtherRevenues
Revenue Not Rptd F990987016RevenueNotRptdF990
Revenue Subtotal19535955RevenueSubtotal
Other Revenues Not Included363176OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt363176RevenueNotRptdOnFinStmt
Total Revenue Per Form99019899131TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt17931965TotExpensesEtcAuditedFinclStmt
Other Expenses Included34300OtherExpensesIncluded
Expenses Not Rptd F99034300ExpensesNotRptdF990
Expenses Subtotal17897665ExpensesSubtotal
Other Expenses Not Included363176OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt363176ExpensesNotRptdOnFinStmt
Total Expenses Per Form99018260841TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: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 TO BE IN ACCORDANCE WITH DONORS' INSTRUCTIONS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X: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 8 - OTHER ADJUSTMENTS:CHANGE IN VALUE OF LIFE INCOME FUNDS 26,630. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -20,077. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 27,380.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 34,300. CHANGE IN VALUE OF LIFE INCOME FUNDS 26,630. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -20,077. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 27,380.
PART XII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS AWARDED 363,176.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 34,300.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:SCHOLARSHIPS AWARDED 363,176.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records1MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received1GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONSCHEDULE E, PART I, LINE 3ALL RECRUITMENT MATERIAL, ALL APPLICABLE CATALOGUES AND GUIDE-BOOKS, AS WELL AS THE WEBSITE AND BYLAWS CLEARLY DISCLOSE THE COLLEGE'S NON-DISCRIMINATION POLICIES.
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCESCHEDULE E, PART I, LINE 6THE 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.

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)

RegionRegionNumber Of OfficesNumberOfOfficesNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpenditures
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICEOPTOMETRIC EDUCATION - GERMANY AND SPAIN177256
MIDDLE EAST AND NORTH AFRICA00PROGRAM SERVICEOPTOMETRIC EDUCATION - ISRAEL7032
SOUTH ASIA00PROGRAM SERVICEOPTOMETRIC EDUCATION - CHINA458
SUB-SAHARAN AFRICA00PROGRAM SERVICEOPTOMETRIC EDUCATION - SOUTH AFRICA5464
FieldValueIRS element (for citing)
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Cont Number Of Offices0ContNumberOfOffices
Cont Number Of Employees0ContNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent190210SubtotalAmountSpent
Cont Amount Spent0ContAmountSpent
Total Amount Spent190210TotalAmountSpent
Transfer To Foreign Corp0TransferToForeignCorp
Interest In Foreign Trust0InterestInForeignTrust
Own Foreign Corp0OwnForeignCorp
Passive Foreign Invest Co0PassiveForeignInvestCo
Foreign Partnership0ForeignPartnership
Boycott Countries0BoycottCountries

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients84NumberOfRecipients
Amount Of Non Cash Assistance363176AmountOfNonCashAssistance
Method Of ValuationFMVMethodOfValuation
Description Of Non Cash AssistanceTUITION DISCOUNTSDescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: FOR SCHOLARSHIP AWARDS, ALL FUNDS ARE APPLIED DIRECTLY FROM THE FINANCIAL AID OFFICE TO THE STUDENT'S OUTSTANDING BALANCE AT THE COLLEGE. USE IS CONTROLLED INTERNALLY BY THE COLLEGE. NECO SCHOLARSHIPS REQUIRE A MINIMUM 3.4 GRADE POINT AVERAGE.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment1SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments1AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
CLIFFORD SCOTT OD MPH
2489370001053020519014310271940000
ROBERT GORDON CPA MST
14248600022780122890195570176610000
JODY FLEIT RN MS
01665450000014125020497020116700
BARRY FISCH OD
199487010800015984039310219510000
NANCY BROUDE
12352300000100730199970153593000
BRUCE MOORE OD
12778614199495549611153012811513816811550521722700
ERIK WEISSBERG OD
115530100460079798638581587813801413501229100
STEVEN KOEVARY PHD
1384220005080125040169970168431000
JANE GWIAZDA
1368990540934011380064080155675000
ELIZABETH CHEN MBA
263546000213260241530190120328037000

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanation
PART I, LINE 4AELIZABETH CHEN, MBA RECEIVED SEVERANCE PAYMENTS OF $328,037 (INCLUDING $43,165 OF BENEFITS) IN 2010.
PART I, LINE 7$50 AND $100 GIFT CARDS WERE GIVEN TO INDIVIDUALS AS LENGTH OF SERVICE AWARDS. ALL STAFF RECEIVE A GIFT CARD AFTER WORK 10, 15, 25 YEARS AND BEYOND. THE AMOUNT IS DETERMINED BY THE LENGTH OF SERVICE AND THE GIFT CARDS ARE GROSSED UP TO ACCOUNT FOR TAXES.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MASS DEVELOPMENT FINANCE AGENCYBusinessNameLine1
FieldValueIRS element (for citing)
Issuer EIN043431814IssuerEIN
CUSIP NumberNONEAVAILCUSIPNumber
Date Issued2006-12-20DateIssued
Issue Price3910000IssuePrice
Description Of PurposeCONSTRUCTION & FINANCING OF TWO EYE CLINICS, UPGRADE ACADEMIC/STUDENT SPACEDescriptionOfPurpose
Defeased0Defeased
On Behalf Of Issuer0OnBehalfOfIssuer
Pool Financing0PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

FieldValueIRS element (for citing)
Total Proceeds3910000TotalProceeds
Amount In Reserve Fund55704AmountInReserveFund
Issuance Costs From Proceeds19550IssuanceCostsFromProceeds
Capital Expenditures3834746CapitalExpenditures
Year Of Subst Completion2007YearOfSubstCompletion
Current Refunding0CurrentRefunding
Advance Refunding0AdvanceRefunding
Final Allocation Made1FinalAllocationMade
Adequate Books And Recds Maintaind1AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

FieldValueIRS element (for citing)
Owning Bond Financed Property0OwningBondFinancedProperty
Any Lease Arrangements0AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty0MngmentCntrctBondFinancdPrprty
Any Research Agreements0AnyResearchAgreements
Prcntge Prvt Business Use By Others0.00000PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI0.00000PercentageOfPrvtBusinessReUBI
Total Private Business Use0.00000TotalPrivateBusinessUse
Post Issuance Compliance Procdrs1PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

FieldValueIRS element (for citing)
Form8038 T Filed0Form8038TFiled
Variable Rate Issue1VariableRateIssue
Hedge Identified In Books And Recds1HedgeIdentifiedInBooksAndRecds

Name Of Hedge Provider NameOfHedgeProvider

FieldValueIRS element (for citing)
Business Name Line1CITIZENS BANK NABusinessNameLine1
FieldValueIRS element (for citing)
Term Of Hedge30.000000000000TermOfHedge
Superintegrated Hedge0SuperintegratedHedge
Hedge Terminated0HedgeTerminated
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGIC
Gross Proceeds Invested0GrossProceedsInvested
Exception To Rebate0ExceptionToRebate

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
NEW ENGLAND EYE INSTITUTE
NECO/NEEI SHARE 100% BOARD OVERLAP3796497$3,796,497 WAS PAID PURSUANT TO AN EDUCATIONAL SERVICES AGREEMENT.0
NEW ENGLAND EYE INSTITUTE
NECO/NEEI SHARE 100% BOARD OVERLAP150000EDUCATIONAL SERVICE FEES.0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS REVIEWED BY MANAGEMENT AND APPROVED BY THE COLLEGE'S AUDIT AND COMPLIANCE COMMITTEE. IT IS FURNISHED TO ALL TRUSTEES PRIOR TO FILING.
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 12C
NECO'S PRACTICE HAS BEEN TO HAVE THE EXECUTIVE COMMITTEE DETERMINE AN APPROPRIATE COMPENSATION PACKAGE FOR ITS PRESIDENT AND TO NEGOTIATE SAME. THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION DATA FROM OTHER COLLEGE OF OPTOMETRIC EDUCATION INCLUDING DATA FROM 990'S AS WELL AS STATE FILINGS. THE EXECUTIVE COMMITTEE ON OCCASION HAS USED AN OUTSIDE SEARCH FIRM OR OTHER COMPENSATION CONSULTANTS. THE PRESIDENT OF NECO SETS THE COMPENSATION OF ITS KEY EMPLOYEES USING COMPARABLE DATA, INCLUDING 990, STATE FILINGS AND CPI DATA, PROVIDED BY THE DIRECTOR OF HUMAN RESOURCES AS WELL AS INPUT FROM THE CFO.FORM 990, PART VI, SECTION B, LINE 15
THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. ADDITIONALLY, THE FORM 990 IS AVAILABLE VIA WWW.GUIDESTAR.ORG. THE COMPANY MAKES THE GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 918,783. CHANGE IN VALUE OF LIFE INCOME FUNDS 26,630. CHANGE IN VALUE OF ANNUITY OBLIGATIONS -20,077. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 27,380. TOTAL TO FORM 990, PART XI, LINE 5: 952,716.FORM 990, PART XI, LINE 5:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1NEW ENGLAND EYE INSTITUTE INCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1940 COMMONWEALTH AVENUEAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02215ZIPCode
FieldValueIRS element (for citing)
EIN043575676EIN
Primary ActivitiesEYE CARE PROVIDERPrimaryActivities
Legal Domicile StateMALegalDomicileState
Exempt Code Section501(C)(3)ExemptCodeSection
Public Charity StatusLINE 9PublicCharityStatus
Direct Controlling Entity NAN/ADirectControllingEntityNA
Controlled Org1ControlledOrg

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE REMAINDER TRUSTBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1424 BEACON STREETAddressLine1
CityBOSTONCity
StateMAState
ZIP Code02115ZIPCode
FieldValueIRS element (for citing)
Primary ActivityCHARITABLE TRUSTPrimaryActivity
Legal Domicile StateMALegalDomicileState
Direct Controlling Entity NAN/ADirectControllingEntityNA
Type Of EntityTTypeOfEntity
Share Of EOY Assets125719ShareOfEOYAssets
Percentage Ownership1.00000PercentageOwnership
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org1LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org1ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
NEW ENGLAND EYE INSTITUTE INC
D10900000COST
NEW ENGLAND EYE INSTITUTE INC
E10900000COST
NEW ENGLAND EYE INSTITUTE INC
O3864166COST
NEW ENGLAND EYE INSTITUTE INC
P208726COST