Overview
What is New England Eye Institute Inc?
New England Eye Institute Inc, with its headquarters in Boston, Massachusetts, is a notable nonprofit organization. Primarily, it operates through its patient care and teaching affiliate, New England Eye (NEEI), also known as NECO Center for Eye Care. This affiliate oversees the Commonwealth and Roslindale Eye Centers, serving as vital training grounds for over 16,000 patient visits annually. The Institute's mission is to enhance visual health across various populations through collaborative and community-focused patient care, education, and research. Its services span primary eye care, low vision rehabilitation, pediatric eye care, vision therapy, myopia control, contact lenses, and optician services. With a team of 137 dedicated individuals, New England Eye Institute Inc is committed to improving visual health in its community.
Official website here: www.necoeyecare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
New England Eye Institute Inc has achieved a respectable Three-Star rating from Charity Navigator, indicating solid performance in accountability and finance. The score is comprised entirely of a single beacon score which reflects the charity's commitment to transparency and responsible financial management. The organization has earned high marks for having a majority of independent board members and effective oversight mechanisms.
The Institute excels in several areas, including its program expense ratio, which stands at 79.86%. This suggests that a significant portion of its resources is directed toward its core mission rather than administrative costs. The charity also demonstrates good governance with policies in place for conflict of interest, whistleblower protections, and document retention.
However, the organization faces challenges with its liabilities to assets ratio, scoring 0 out of 15 points in this category. This may raise concerns about its financial stability and ability to meet obligations. Overall, while New England Eye Institute Inc demonstrates strong accountability and a commitment to its mission, its financial ratios warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is New England Eye Institute Inc legitimate?
New England Eye Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Eye Institute Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $379,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,138,361
For more financial information, click here
Official website here: www.necoeyecare.org
What is the mission statement of New England Eye Institute Inc?
The New England Eye Institute Inc's mission is centered around enhancing the visual health of various populations. They achieve this goal through a commitment to outstanding collaborative and community-oriented patient care, education, and research. The organization operates several clinics, including New England Eye and NECO Center for Eye Care, which serve as both patient care facilities and teaching sites for optometry students. These clinics cater to over 16,000 patient visits annually, offering services such as primary eye care, low vision rehabilitation, pediatric eye care, vision therapy, myopia control, contact lenses, and optician services.
Official website here: www.necoeyecare.org
What is the revenue of New England Eye Institute Inc?
New England Eye Institute Inc's revenue in 2024 was $8,045,364.
Official website here: www.necoeyecare.org
Who are the executives of New England Eye Institute Inc and what are their salaries?
The average compensation at New England Eye Institute Inc during 2024 was $32,041. There are 141 employees and 50 volunteers at New England Eye Institute Inc.
Here are 29 key members and their salaries:
- Compensation: $0
- Related: $602,862
- Other: $59,957
- Compensation: $0
- Related: $165,430
- Other: $26,892
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- Related: $497,216
- Other: $40,710
- Compensation: $0
- Related: $70,452
- Other: $20,090
- Compensation: $0
- Related: $46,208
- Other: $24,024
- Compensation: $0
- Related: $71,817
- Other: $16,382
- Compensation: $199,453
- Related: $0
- Other: $51,418
- Compensation: $157,979
- Related: $0
- Other: $22,023
- Compensation: $167,801
- Related: $0
- Other: $24,896
- Compensation: $159,761
- Related: $0
- Other: $15,291
- Compensation: $150,651
- Related: $0
- Other: $18,487
- Compensation: $128,083
- Related: $0
- Other: $49,121
- Compensation: $126,739
- Related: $0
- Other: $47,864
Official website here: www.necoeyecare.org
Where can I find the form 990 for New England Eye Institute Inc?
New England Eye Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.necoeyecare.org
Learn more at the official website: www.necoeyecare.org
Mission Statement of New England Eye Institute Inc
The New England Eye Institute Inc is committed to enhancing the visual health of various populations through exceptional collaborative and community-focused patient care, education, and research. Their mission is to make strides in this field by providing top-tier services, fostering knowledge, and conducting groundbreaking research.
This organization takes a holistic approach, integrating patient care, teaching, and research to achieve its goals. One of its key initiatives is operating clinics, such as New England Eye (NEEI), which serves as both a patient care facility and a teaching affiliate for the New England College of Optometry (NECO). Other clinics, like the Commonwealth and Roslindale Eye Centers, are also owned and operated by NEEI. A substantial portion of the students' initial clinical education experiences takes place at these locations, catering to over 16,000 patient visits annually. Services offered include primary eye care, low vision rehabilitation, pediatric eye care, vision therapy, myopia control, contact lenses, and optician services.
In essence, the New England Eye Institute Inc is dedicated to improving visual health by delivering high-quality patient care, nurturing future professionals, and conducting groundbreaking research. The organization's mission is to make a lasting impact on the lives of individuals by ensuring they can see the world clearly, empowering the next generation of eye care professionals, and pushing the boundaries of knowledge in the field of optometry.
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Impact
July, 2024
New England Eye Institute Inc has a significant impact on improving the visual health of populations through excellence in collaborative and community-oriented patient care, education, and research. The institute, through its owned and operated clinics such as New England Eye (NEEI) and NECO Center for Eye Care, serves over 16,000 patient visits annually. By offering a wide range of services including primary eye care, low vision rehabilitation, pediatric eye care, vision therapy, myopia control, contact lenses, and optician services, New England Eye Institute Inc plays a crucial role in enhancing the visual well-being of individuals in the Boston area and beyond.
This information is meant to be a general summary of New England Eye Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $3,979
- Program Service Revenue: $7,479,556
- Gross Receipts: $8,698,308
Assets and Liabilities:
- Total Assets: $2,207,489
- Total Liabilities: $1,354,383
- Net Assets: $853,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL SERVICES FEE FROM AFF
Revenue
$3,627,484
PROF. SERVICE AGREEMENTS
Revenue
$2,220,669
NET PATIENT CARE REVENUE
Revenue
$1,631,403
Organization Details
Founding Year
2001
Principal Officer
Howard Purcell Od
Website
www.necoeyecare.orgNTEE Category
Code: P86 - Human services
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