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Illinois College Of Optometry

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

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

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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

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

The Illinois College Of Optometry has achieved an impressive 96% score on Charity Navigator, reflecting its strong performance in accountability and finance. This high rating indicates a well-managed organization, with a robust oversight structure and a commitment to transparency, as evidenced by policies on conflict of interest and whistleblowing.

Strengths of the organization include its majority independent board members, with all board members being independent, and a strong financial oversight committee that ensures the integrity of financial statements. Additionally, the organization's program expense ratio of 75.05% highlights its dedication to spending a significant portion of its funds directly on programs and services rather than administrative costs.

While the organization showcases exemplary practices in governance and financial management, it's important for potential supporters to remain engaged and informed about the ongoing impact of their contributions. Overall, the Illinois College Of Optometry stands out as a responsible and effective nonprofit aimed at advancing optometric education and practice.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Illinois College Of Optometry?

92% of 58 reviewers on Facebook recommend Illinois College Of Optometry. Here is a summary of their reviews:

The school is highly praised for its supportive environment, with students highlighting the positive interactions among peers and the professionalism of the faculty. Many reviews emphasize the quality of education provided, noting that the college fosters both academic and personal growth.

Overall, this institution seems to be a strong choice for those interested in optometry, as it has successfully cultivated a community that values collaboration and excellence. The commendations reflect a sense of pride and satisfaction among students, reinforcing the college's reputation in the field.


This AI summary has been generated from reviews found on Facebook.

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.


Heare 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

Who is the CEO of Illinois College Of Optometry?

Unavailable


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:


Dwain Hahs (Board Of Trustees-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Ackerman Od Mba Faao (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Smith Od Mba (Vice Chairman Of The Board)
  • 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
Osvaldo Lopez Md (Board Of Trustees)
  • Compensation: $3,648
  • 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
Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees)
  • Compensation: $136,931
  • Related: $0
  • Other: $34,381
Vasvi Babu Od (Board Of Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christa Ojeda Cpa (Vp Of Business And Finance/Cfo)
  • Compensation: $202,082
  • Related: $0
  • Other: $30,066
Mark Colip Od (President)
  • Compensation: $348,268
  • Related: $0
  • Other: $54,354
Erik Mothersbaugh Od (Dean For Student Affairs)
  • Compensation: $199,693
  • Related: $0
  • Other: $15,876
Leonard Messner Od (Vp Of Patient Care)
  • Compensation: $223,595
  • Related: $0
  • Other: $37,445
Stephanie Messner Od (Vp Of Academic Affairs)
  • Compensation: $235,320
  • Related: $0
  • Other: $37,461
Zhiyong (Daniel) Ren Mba (Chief Operating Officer At Iei)
  • Compensation: $189,077
  • Related: $0
  • Other: $20,544
Amit Choksi Mba (Sr Director Of Information Technology/Cio)
  • Compensation: $171,069
  • Related: $0
  • Other: $18,192
Geoffrey Goodfellow Od (Professor Of Optometry)
  • Compensation: $173,557
  • Related: $0
  • Other: $27,187
John Baker Od (Professor Of Optometry)
  • Compensation: $169,614
  • Related: $0
  • Other: $36,830
Michael Chaglasian Od (Professor Of Optometry)
  • Compensation: $164,074
  • Related: $0
  • Other: $53,153
Yi Pang Od (Professor Of Optometry)
  • Compensation: $191,174
  • Related: $0
  • Other: $46,672
Laura Rounce (Vp Of Physical And Human Resources (Term 6/30/2021))
  • Compensation: $145,422
  • Related: $0
  • Other: $26,538


Official website here: www.ico.edu

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

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.

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Impact




October, 2024

The Illinois College of Optometry (ICO) plays a vital role in shaping the future of clinical optometry and enhancing community health in Chicago. The institution offers a comprehensive four-year Doctor of Optometry program that focuses on producing highly skilled optometrists. ICO's curriculum integrates rigorous classroom instruction with substantial hands-on clinical experience, starting in students' first year, allowing them to engage in patient care early in their education.

ICO's commitment to excellence extends beyond clinical training. The college prepares its students for real-world challenges by providing courses in essential areas such as financial literacy and practice management. This holistic approach ensures that graduates are well-equipped to navigate the complexities of running a successful optometric practice.

Additionally, the Illinois Eye Institute (IEI), located on the ICO campus, serves as a full-service eye clinic, offering compassionate and affordable eye care to underserved populations. The IEI Princeton location specifically addresses the needs of Chicago Public Schools students, ensuring access to vital eye care for vulnerable groups.

Furthermore, ICO is an innovator in optometric education and research, continuously advancing knowledge in the field. By funding projects beneficial to the profession and the community, ICO not only contributes to the professional development of its students but also enhances the overall health and well-being of the populations it serves. Through these initiatives, the Illinois College of Optometry significantly impacts both the field of optometry and the broader community in Chicago.




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.


Financials

This financial information is from Propublica.

Revenue
$38,134,437 (2022)
Expenses
$35,579,382 (2022)
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

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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

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