nonprofit logo

Illinois College Of Optometry

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362310478 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Illinois College Of Optometry?

The Illinois College of Optometry (ICO) is a leading institution in Chicago, Illinois, dedicated to the development of clinical optometrists through exceptional education. With a focus on optometry, ICO provides classroom instruction for the Doctor of Optometry Degree and offers continuing education and faculty research, accommodating approximately 480 students per year. The college's four-year program prioritizes hands-on clinical experience, including patient care, starting from the first year. Beyond eye care, ICO offers courses in financial literacy, practice management, and other essential skills. Their campuses, including the Illinois Eye Institute (IEI) and the IEI Princeton location, offer compassionate, affordable eye and vision care to underserved populations in Chicago. During the COVID-19 pandemic, CPS students have been seen at the Lewenson Center at IEI instead of the Princeton location. ICO also conducts research in optometry and related sciences, funding projects beneficial to the profession and community.


Official website here: www.ico.edu

Is Illinois College Of Optometry legitimate?

Illinois College Of Optometry is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois College Of Optometry submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,765,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,091,560

For more financial information, click here


Official website here: www.ico.edu

What is the mission statement of Illinois College Of Optometry?

The Illinois College of Optometry (ICO) is dedicated to cultivating skilled clinical optometrists through top-notch optometric education. The institution is a pioneer in optometric education, patient care, and the optometry profession. At ICO, students pursue a four-year doctoral program, resulting in the development of highly proficient clinical optometrists. The college boasts a full-service eye clinic where compassionate and affordable eye and vision care is provided to underserved communities. Although COVID-19 led to the temporary suspension of operations at one of their locations, ICO has managed to continue serving Chicago Public School students at an alternative site. ICO's commitment to research in optometry and related sciences drives advancements beneficial to the profession and community.


Official website here: www.ico.edu

What is the revenue of Illinois College Of Optometry?

Illinois College Of Optometry's revenue in 2022 was $38,134,437.


Official website here: www.ico.edu

Who are the executives of Illinois College Of Optometry and what are their salaries?

The average compensation at Illinois College Of Optometry during 2022 was $28,619. There are 589 employees and 18 volunteers at Illinois College Of Optometry.

Here are 33 key members and their salaries:

    Mark Colip Od (President)
  • Compensation: $348,268
  • Related: $0
  • Other: $54,354

    • Stephanie Messner Od (Vp Of Academic Affairs)
  • Compensation: $235,320
  • Related: $0
  • Other: $37,461

    • Leonard Messner Od (Vp Of Patient Care)
  • Compensation: $223,595
  • Related: $0
  • Other: $37,445

    • Yi Pang Od (Professor Of Optometry)
  • Compensation: $191,174
  • Related: $0
  • Other: $46,672

    • Christa Ojeda Cpa (Vp Of Business And Finance/Cfo)
  • Compensation: $202,082
  • Related: $0
  • Other: $30,066

    • Michael Chaglasian Od (Professor Of Optometry)
  • Compensation: $164,074
  • Related: $0
  • Other: $53,153

    • Erik Mothersbaugh Od (Dean For Student Affairs)
  • Compensation: $199,693
  • Related: $0
  • Other: $15,876

    • Zhiyong (Daniel) Ren Mba (Chief Operating Officer At Iei)
  • Compensation: $189,077
  • Related: $0
  • Other: $20,544

    • John Baker Od (Professor Of Optometry)
  • Compensation: $169,614
  • Related: $0
  • Other: $36,830

    • Geoffrey Goodfellow Od (Professor Of Optometry)
  • Compensation: $173,557
  • Related: $0
  • Other: $27,187

    • Amit Choksi Mba (Sr Director Of Information Technology/Cio)
  • Compensation: $171,069
  • Related: $0
  • Other: $18,192

    • Laura Rounce (Vp Of Physical And Human Resources (Term 6/30/2021))
  • Compensation: $145,422
  • Related: $0
  • Other: $26,538

    • Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees)
  • Compensation: $136,931
  • Related: $0
  • Other: $34,381

    • Osvaldo Lopez Md (Board Of Trustees)
  • Compensation: $3,648
  • Related: $0
  • Other: $0

    • Dwain Hahs (Board Of Trustees-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dwight Ackerman Od Mba Faao (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Smith Od Mba (Vice Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Fait Od (Board Of Trustees- Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Weis Cpa (Board Of Trustees (End 10/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeanette Varanelli Od (Board Of Trustees (End 10/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Johnson Od Mba Cfa (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Derezinski (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Eng Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Danahey Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Lopiano Mba (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nana Owusu Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Hasler Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandra Bury Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Jens Od Faao (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Schneider (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Tsang Od Faao (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Torrey Barrett (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vasvi Babu Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ico.edu

    Where can I find the form 990 for Illinois College Of Optometry?

    The Illinois College Of Optometry’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ico.edu

    Learn more at the official website: www.ico.edu

    Mission Statement of Illinois College Of Optometry

    The Illinois College of Optometry (ICO) is a pioneering institution dedicated to advancing optometric education and delivering exceptional eye and vision care. With a four-year doctoral program, ICO fosters the development of skilled clinical optometrists by embracing excellence in education. The campus is home to the Illinois Eye Institute (IEI), a full-service eye clinic that offers compassionate and affordable care to underserved populations in Chicago.

    ICO's commitment to research in optometry and related sciences is evident through its funding or execution of projects that benefit the profession and community. The Illinois College of Optometry goes beyond education to provide essential eye care services to vulnerable populations. The IEI clinic, a beacon of care, ensures that those in need receive the attention and treatment they deserve. By focusing on both education and patient care, ICO continues to make a significant impact on the field of optometry and the lives of those it serves.

    Impact

    This information is meant to be a general summary of Illinois College Of Optometry. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Illinois College of Optometry (ICO) has a significant impact on the field of optometry and the community it serves. Through its mission to develop highly qualified clinical optometrists, ICO provides top-notch educational services that equip approximately 480 students each year with the skills and knowledge they need to succeed in the field.

    ICO's 4-year program is focused entirely on optometry, offering robust clinical experience to students, including hands-on patient care beginning in their first year. In addition to traditional coursework, ICO also offers courses in financial literacy, practice management, and other real-world aspects of optometry, preparing students for the diverse challenges they may face in their careers.

    Furthermore, ICO's commitment to patient care is demonstrated through its Illinois Eye Institute (IEI), which provides compassionate and affordable eye and vision care to vulnerable populations in Chicago. By offering services at both the main campus and the IEI Princeton location, ICO ensures that essential eye care is accessible to those in need.

    In addition to education and patient care, ICO also contributes to the advancement of the optometry field through research initiatives. By conducting research into optometry and related sciences, ICO furthers knowledge and innovation within the profession, benefiting both the optometric community and the broader public.

    Overall, the Illinois College of Optometry plays a vital role in shaping the future of optometry through its educational, clinical, and research efforts, making a lasting impact on students, patients, and the field of optometry as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,114,986
  • Program Service Revenue: $32,257,330
  • Gross Receipts: $57,111,300

    • Assets and Liabilities:
  • Total Assets: $102,341,486
  • Total Liabilities: $36,769,775
  • Net Assets: $65,571,711
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Student tuition and Fees

    Revenue

    $24,121,775

    Patient Services and Materials

    Revenue

    $6,841,239

    Bookstore and Dormitory

    Revenue

    $1,256,022

    Faculty Research

    Revenue

    $34,319

    Student Loan Interest

    Revenue

    $3,975

    Organization Details

    Founding Year

    1955

    Main Address

    3241 S Michigan Avenue, Chicago, IL, 60616

    NTEE Category

    Code: B500 - Education

    If you are a representative of Illinois College Of Optometry and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.