Illinois College Of Optometry

Chicago, IL
Tax-exempt since June 1956
EIN: 36-2310478

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$38.5M (2023)

Expenses

$36.8M (2023)

Total Assets

$100M (2023)

Total Liabilities

$33M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2023

Revenue

$38,494,231

Expenses

$36,782,950

Net Income

$1,711,281

Net Assets

$67,202,557

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,365,977	8.7%
Program Services	$31,029,342	80.6%
Investment Income	$1,561,259	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,273,302	5.9%
Net Inventory Sales	$0
Other Revenue	$264,351	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,909,374	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,629,275	42.5%

Assets/Debt
Total Assets	$100,230,863
Total Liabilities	$33,028,306
Net Assets	$67,202,557

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Colip Od (President)	$387,969	$0	$55,360
Stephanie Messner Od (Vp Of Academic Affairs)	$247,321	$0	$37,778
Leonard Messner Od (Vp Of Patient Care)	$235,270	$0	$37,761
Christa Ojeda Cpa (Vp Of Business And Finance/Cfo)	$221,038	$0	$35,078
Zhiyong (Daniel) Ren (Chief Operating Officer At Iei)	$208,759	$0	$21,307
Erik Mothersbaugh Od (Dean For Student Affairs)	$205,951	$0	$30,216
Yi Pang Od (Professor Of Optometry)	$197,375	$0	$48,737
John Baker Od (Professor Of Optometry)	$182,029	$0	$37,683
Geoffrey Goodfellow Od (Professor Of Optometry)	$180,972	$0	$30,210
Amit Choksi (Sr Director Of Information Technology/Cio)	$180,069	$0	$16,206
Michael Chaglasian Od (Professor Of Optometry)	$179,670	$0	$54,224
Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees)	$143,605	$0	$34,905
Osvaldo Lopez Md (Board Of Trustees)	$3,572	$0	$0
Dwain Hahs (Board Of Trustees Treasurer)	$0	$0	$0
Dwight Ackerman Od Mba Faao (Chairman Of The Board)	$0	$0	$0
Jeffrey Smith Od Mba (Vice Chairman Of The Board (End 10/2022))	$0	$0	$0
Nana Owusu Od (Board Of Trustees Secretary)	$0	$0	$0
Robert Fait Od (Board Of Trustees Secretary (End 10/2022))	$0	$0	$0
Scott Jens Od Faao (Vice Chairman Of The Board)	$0	$0	$0
Casey Hogan Od Faao Fsls (Board Of Trustees)	$0	$0	$0
Jeffrey Johnson Od Mba Cfa (Board Of Trustees)	$0	$0	$0
Joseph Derezinski (Board Of Trustees)	$0	$0	$0
Karen Eng Od (Board Of Trustees)	$0	$0	$0
Kevin Danahey Od (Board Of Trustees)	$0	$0	$0
Michael Lo Piano Mba (Board Of Trustees)	$0	$0	$0
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990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2022

Revenue

$38,134,437

Expenses

$35,579,382

Net Income

$2,555,055

Net Assets

$65,571,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,541,417	6.7%
Program Services	$32,257,330	84.6%
Investment Income	$1,288,747	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,826,239	4.8%
Net Inventory Sales	$0
Other Revenue	$220,704	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,765,092	5.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,091,560	42.4%

Assets/Debt
Total Assets	$102,341,486
Total Liabilities	$36,769,775
Net Assets	$65,571,711

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Colip Od (President)	$348,268	$0	$54,354
Stephanie Messner Od (Vp Of Academic Affairs)	$235,320	$0	$37,461
Leonard Messner Od (Vp Of Patient Care)	$223,595	$0	$37,445
Christa Ojeda Cpa (Vp Of Business And Finance/Cfo)	$202,082	$0	$30,066
Erik Mothersbaugh Od (Dean For Student Affairs)	$199,693	$0	$15,876
Yi Pang Od (Professor Of Optometry)	$191,174	$0	$46,672
Zhiyong (Daniel) Ren Mba (Chief Operating Officer At Iei)	$189,077	$0	$20,544
Geoffrey Goodfellow Od (Professor Of Optometry)	$173,557	$0	$27,187
Amit Choksi Mba (Sr Director Of Information Technology/Cio)	$171,069	$0	$18,192
John Baker Od (Professor Of Optometry)	$169,614	$0	$36,830
Michael Chaglasian Od (Professor Of Optometry)	$164,074	$0	$53,153
Laura Rounce (Vp Of Physical And Human Resources (Term 6/30/2021))	$145,422	$0	$26,538
Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees)	$136,931	$0	$34,381
Osvaldo Lopez Md (Board Of Trustees)	$3,648	$0	$0
Dwain Hahs (Board Of Trustees Treasurer)	$0	$0	$0
Dwight Ackerman Od Mba Faao (Chairman Of The Board)	$0	$0	$0
Jeff Smith Od Mba (Vice Chairman Of The Board)	$0	$0	$0
Robert Fait Od (Board Of Trustees Secretary)	$0	$0	$0
Charles Weis Cpa (Board Of Trustees (End 10/2021))	$0	$0	$0
Jeanette Varanelli Od (Board Of Trustees (End 10/2021))	$0	$0	$0
Jeffrey Johnson Od Mba Cfa (Board Of Trustees)	$0	$0	$0
Joseph Derezinski (Board Of Trustees)	$0	$0	$0
Karen Eng Od (Board Of Trustees)	$0	$0	$0
Kevin Danahey Od (Board Of Trustees)	$0	$0	$0
Michael Lo Piano Mba (Board Of Trustees)	$0	$0	$0
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990

Filed on May 12, 2023

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2021

Revenue

$41,438,897

Expenses

$36,541,143

Net Income

$4,897,754

Net Assets

$70,899,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,753,416	16.3%
Program Services	$32,128,975	77.5%
Investment Income	$1,143,048	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,197,995	2.9%
Net Inventory Sales	$0
Other Revenue	$215,463	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,783,529	4.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,227,285	44.4%

Assets/Debt
Total Assets	$110,244,360
Total Liabilities	$39,345,000
Net Assets	$70,899,360

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Colip Od (President)	$338,060	$0	$70,853
Stephanie Messner Od (Vp Of Academic Affairs)	$227,959	$0	$40,234
Leonard Messner Od (Vp Of Patient Care)	$218,076	$0	$38,673
Laura Rounce (Vp Of Physical And Human Resources (Term 6/30/2021))	$210,708	$0	$56,107
Erik Mothersbaugh Od (Dean For Student Affairs)	$194,356	$0	$33,703
Yi Pang Od (Professor Of Optometry)	$185,098	$0	$49,567
Christa Ojeda Cpa (Vp Of Business And Finance/Cfo)	$179,010	$0	$21,754
Zhiyong (Daniel) Ren (Sr Director Of Clinical Performance)	$177,736	$0	$22,732
Michael Chaglasin Od (Professor Of Optometry)	$171,777	$0	$51,981
Geoffrey Goodfellow Od (Professor Of Optometry)	$168,854	$0	$49,654
John Baker Od (Professor Of Optometry)	$165,332	$0	$42,696
Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees)	$128,695	$0	$43,498
Osvaldo Lopez Md (Board Of Trustees)	$1,976	$0	$0
Dwain Hahs (Board Of Trustees Treasurer)	$0	$0	$0
Dwight Akerman Od Mba Faao (Vice Chairman Of The Board)	$0	$0	$0
Jeff Smith Od Mba (Chairman Of The Board)	$0	$0	$0
Robert Fait Od (Board Of Trustees Secretary)	$0	$0	$0
Charles Weis Cpa (Board Of Trustees)	$0	$0	$0
Danahey Kevin Od (Board Of Trustees)	$0	$0	$0
Jeanette Varanelli Od (Board Of Trustees)	$0	$0	$0
Jeffrey Johnson Od Mba Cfa (Board Of Trustees)	$0	$0	$0
Joseph Derezinski (Board Of Trustees)	$0	$0	$0
Karen Eng Od (Board Of Trustees)	$0	$0	$0
Michael Lo Piano Mba (Board Of Trustees)	$0	$0	$0
Nana Owusu Od (Board Of Trustees)	$0	$0	$0
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990

Filed on May 11, 2022

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2020

Revenue

$36,498,150

Expenses

$36,158,154

Net Income

$339,996

Net Assets

$56,556,996

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,964,936	5.4%
Program Services	$32,248,907	88.4%
Investment Income	$1,298,199	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$782,702	2.1%
Net Inventory Sales	$0
Other Revenue	$203,406	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,931,958	5.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,127,209	41.8%

Assets/Debt
Total Assets	$101,860,678
Total Liabilities	$45,303,682
Net Assets	$56,556,996

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Colip Od (President)	$350,478	$0	$67,698
Stephanie Messner Od (Vp And Dean Of Academic Affairs)	$249,281	$0	$38,465
Leonard Messner Od (Vp For Strategy And Institutional Advancement)	$234,408	$0	$36,920
Laura Rounce (Vp Of Physical And Human Resources)	$233,092	$0	$53,730
Janice Jurkus Od (Professor Of Optometry)	$210,655	$0	$34,264
John Budzynski Cpa (Vp Of Business And Finance/Cfo (End 9/20/19))	$199,081	$0	$37,513
Daniel Ren (Sr Director Of Clinical Performance)	$189,661	$0	$22,805
Valarie Conrad Od (Former Vp For Risk And Compliance (End 3/2019))	$184,268	$0	$31,321
Eirk Mothersbaugh Od (Dean For Student Affairs)	$182,198	$0	$39,746
John Baker Od (Professor Of Optometry)	$181,528	$0	$22,204
Geoffrey Goodfellow Od (Professor Of Optometry)	$181,356	$0	$46,986
Yi Pang Od (Professor Of Optometry)	$179,647	$0	$46,937
Sandra Block Od Faao (Former Board Of Trustees (End 10/2018) / Current Professor Of Optometry)	$178,860	$0	$31,082
Tracy Matchinski Od Faao (Professor Of Optometry / Board Of Trustees (Begin 2/2020))	$137,457	$0	$25,910
Elyse Chaglasian Od (Professor Of Optometry / Board Of Trustees (End 11/2019))	$132,383	$0	$32,699
Christa Ojeda Cpa (Vp Of Business And Finance/Cfo (Begin 10/2019))	$40,708	$0	$4,376
Odvaldo Lopeza Md (Board Of Trustees)	$5,848	$0	$0
Dwight Ackerman Od Mba Faao (Vice Chairman Of The Board)	$0	$0	$0
Jeff Smith Od Mba (Chairman Of The Board)	$0	$0	$0
Robert Fait Od (Board Of Trustees Secretary)	$0	$0	$0
Robert Steinmetz Od Faao (Board Of Trustees Treasurer)	$0	$0	$0
C Michael Lo Piano Mba (Board Of Trustees (Begin 10/2019))	$0	$0	$0
Charles Weiss Cpa (Board Of Trustees)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
Jeanette Varanelli Od (Board Of Trustees)	$0	$0	$0
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990

Filed on Dec. 2, 2020

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2019

Revenue

$41,033,747

Expenses

$38,852,171

Net Income

$2,181,576

Net Assets

$57,250,868

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,761,037	6.7%
Program Services	$36,146,496	88.1%
Investment Income	$1,295,589	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$564,314	1.4%
Net Inventory Sales	$0
Other Revenue	$266,311	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,639,506	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,448,119	42.3%

Assets/Debt
Total Assets	$101,923,487
Total Liabilities	$44,672,619
Net Assets	$57,250,868

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President Emeritus (Effective June 2018))	$452,983	$0	$23,845
Mark Colip Od (Vp For Student Affairs (Ended Aug 2018) / President (Began Aug 2018))	$273,944	$0	$58,581
Stephanie Messner Od (Vp Of Academic Affairs)	$229,373	$0	$37,207
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$225,682	$0	$44,270
Leonard Messner Od (Vp Of Patient Care)	$217,700	$0	$35,696
Laura Rounce (Vp Of Administration)	$213,272	$0	$51,273
Valarie Conrad Od (Vp For Risk And Compliance)	$195,822	$0	$48,123
Zhiyong (Daniel) Ren (Chief Operating Officer Illinois Eye Insttute)	$177,994	$0	$22,226
John Baker Od (Associate Professor Of Optometry)	$174,222	$0	$21,643
Sandra Block Od Faao (Professor Of Optometry / Board Of Trustees (Ended Oct 2018))	$172,576	$0	$30,091
Geoffrey Goodfellow Od (Associate Professor Of Optometry)	$171,895	$0	$46,271
Janice Jurkus Od (Professor Of Optometry)	$170,577	$0	$29,840
Yi Pang Od (Professor Of Optometry)	$169,492	$0	$46,217
Elyse Chaglasian Od Faao (Board Of Trustees / Associate Professor Of Optometry)	$124,762	$0	$32,090
Jeff Smith Od Mba (Interim President (July Aug 2018) / Board Of Trustees (Began Oct 2018))	$20,000	$0	$0
Osvaldo Lopez Md (Board Of Trustees)	$9,678	$0	$0
Karen Eng Od (Chairman Of The Board)	$0	$0	$0
Dwight Akerman Od Mba Faao (Vice Chariman Of The Board)	$0	$0	$0
Vasvi Babu Od (Treasurer)	$0	$0	$0
Robert Fait Od (Secretary)	$0	$0	$0
Jeffery Johnson Od Mba Cfa (Board Of Trustees)	$0	$0	$0
Nana Owusu Od (Board Of Trustees)	$0	$0	$0
Steven Schneider (Board Of Trustees)	$0	$0	$0
Robert Steinmetz Od Faao (Board Of Trustees)	$0	$0	$0
Charles Weiss Cpa (Board Of Trustees)	$0	$0	$0
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990

Filed on Dec. 3, 2019

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2018

Revenue

$40,417,486

Expenses

$39,098,471

Net Income

$1,319,015

Net Assets

$53,541,859

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,145,672	5.3%
Program Services	$36,049,612	89.2%
Investment Income	$1,238,204	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$690,118	1.7%
Net Inventory Sales	$0
Other Revenue	$293,880	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,734,290	7.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,023,600	41.0%

Assets/Debt
Total Assets	$100,956,365
Total Liabilities	$47,414,506
Net Assets	$53,541,859

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President)	$491,540	$0	$53,591
Mark Colip Od (Vp Of Development And Student Affairs)	$260,605	$0	$56,145
Stephanie Messner Od (Vp Of Academic Affairs)	$248,450	$0	$39,483
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$246,352	$0	$47,966
Laura Rounce (Vp Of Administration)	$243,105	$0	$54,165
Leonard Messner Od (Vp Of Patient Care)	$237,907	$0	$38,820
Valarie Conrad Od (Vp For Risk And Compliance)	$226,155	$0	$51,044
Zhiyong (Daniel) Ren (Sr Director Of Clinical Performance)	$171,892	$0	$21,353
John Baker Od (Professor Of Optometry)	$171,335	$0	$21,181
Janice Jurkus Od (Professor Of Optometry)	$171,173	$0	$29,336
Sandra Block Od Faao (Professor Of Optometry / Board Of Trustees)	$167,339	$0	$29,158
Bruce Teitelbaum Od (Associate Professor Of Optometry)	$165,803	$0	$28,615
Yi Pang Od (Professor Of Optometry)	$164,098	$0	$44,117
Elyse Chaglasian Od Faao (Professor Of Optometry / Board Of Trustees)	$126,030	$0	$38,526
Osvaldo Lopez Md (Board Of Trustees)	$17,148	$0	$0
Karen Eng Od (Chairman Of The Board)	$0	$0	$0
Dwight Akerman Od Mba Faao (Vice Chariman Of The Board)	$0	$0	$0
Vasvi Babu Od (Treasurer)	$0	$0	$0
Robert Fait Od (Secretary)	$0	$0	$0
Joseph Derezynski (Board Of Trustees)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
Jeffery Johnson Od Mba Cfa (Board Of Trustees)	$0	$0	$0
Nana Owusu Od (Board Of Trustees)	$0	$0	$0
Stephen Pugh Esq (Board Of Trustees Partial Year)	$0	$0	$0
Charles Quattrochi Cpa (Board Of Trustees Partial Year)	$0	$0	$0
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990

Filed on Nov. 1, 2018

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2017

Revenue

$41,663,314

Expenses

$40,395,895

Net Income

$1,267,419

Net Assets

$50,767,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,155,534	5.2%
Program Services	$37,133,385	89.1%
Investment Income	$1,364,522	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$687,886	1.7%
Net Inventory Sales	$0
Other Revenue	$321,987	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,246,522	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,363,689	43.0%

Assets/Debt
Total Assets	$102,705,836
Total Liabilities	$51,938,445
Net Assets	$50,767,391

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President)	$511,415	$0	$54,782
Mark Colip Od (Vp Of Development And Student Affairs)	$239,176	$0	$52,662
Stephanie Messner Od (Vp Of Academic Affairs)	$235,949	$0	$29,735
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$231,477	$0	$46,961
Laura Rounce (Vp Of Administration)	$222,036	$0	$45,927
Leonard Messner Od (Vp Of Patient Care)	$214,336	$0	$50,108
Valarie Conrad Od (Vp For Risk And Compliance)	$202,676	$0	$47,283
Gary Lesher Phd (Professor Of Pharmacology)	$190,441	$0	$36,921
Janice Jurkus Od (Professor Of Optometry)	$166,239	$0	$29,060
Sandra Block Od Faao (Professor Of Optometry / Board Of Trustees)	$164,160	$0	$29,403
John Baker Od (Professor Of Optometry)	$158,846	$0	$19,586
Yi Pang Od (Professor Of Optometry)	$158,418	$0	$42,915
Daniel Ren (Sr Director Of Clinical Performance)	$156,486	$0	$19,372
Elyse Chaglasian Od (Professor Of Optometry / Board Of Trustees)	$118,216	$0	$23,719
Karen Eng Od (Treasurer Partial Year / Chair)	$0	$0	$0
Dwight Akerman Od (Secretary Partial Year / Vice Chairman)	$0	$0	$0
Robert Fait Od (Board Of Trustees Partial Year / Secretary)	$0	$0	$0
Vasvi Babu Od (Board Of Trustees Partial Year / Treasurer)	$0	$0	$0
Donovan L Crouch Od Faao (Chairman Partial Year / Immediate Past Chairman)	$0	$0	$0
Jeff Smith Od Mba (Vice Chairman Partial Year / Trustee)	$0	$0	$0
Joseph Derezynski (Board Of Trustees)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
Jeffrey Johnson Od Cfa (Board Of Trustees)	$0	$0	$0
Stephen H Pugh Esq (Board Of Trustees)	$0	$0	$0
Charles Quattrochi Cpa (Board Of Trustees)	$0	$0	$0
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990

Filed on Nov. 8, 2017

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2016

Revenue

$39,263,806

Expenses

$39,122,743

Net Income

$141,063

Net Assets

$46,199,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,920,719	4.9%
Program Services	$35,963,702	91.6%
Investment Income	$1,256,393	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$177,175
Net Inventory Sales	$0
Other Revenue	$300,167	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,194,281	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,706,870	42.7%

Assets/Debt
Total Assets	$99,997,820
Total Liabilities	$53,798,062
Net Assets	$46,199,758

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President)	$488,906	$0	$57,140
Mark Colip Od (Vp Of Development And Student Affairs)	$236,387	$0	$49,607
Laura Rounce (Vp Of Administration)	$227,622	$0	$49,734
Stephanie Messner Od (Vp Of Academic Affairs)	$224,246	$0	$28,518
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$222,215	$0	$49,506
Leonard Messner Od (Vp Of Patient Care)	$211,622	$0	$47,794
Valarie Conrad Od (Vp For Risk And Compliance)	$200,012	$0	$44,169
Gary Lesher Phd (Professor Of Pharmacology)	$168,962	$0	$40,684
Janice Jurkus Od (Professor Of Optometry)	$160,353	$0	$29,237
Sandra Block Od (Professor Of Optometry / Board Of Trustees)	$159,860	$0	$39,521
Dominick Opitz Od (Professor Of Optometry)	$152,076	$0	$39,975
John Baker Od (Professor Of Optometry)	$151,707	$0	$38,071
Bruce Teitelbaum Od (Professor Of Optometry)	$151,526	$0	$38,498
Neal Hodur Od (Professor Of Optometry / Board Of Trustees Part Year)	$147,683	$0	$36,042
Elyse Chaglasian Od (Professor Of Optometry / Board Of Trustees Part Year)	$114,367	$0	$23,923
Donovan Crouch Od Faao (Chairman Of The Board)	$0	$0	$0
Jeff Smith Od Mba (Vice Chairman Of The Board)	$0	$0	$0
Dwight Akerman Od (Secretary Of The Board Part Year)	$0	$0	$0
Karen Eng Od (Treasurer Of The Board)	$0	$0	$0
R Michael Daley (Secretary Part Year; Board Of Trustees)	$0	$0	$0
Michael P Stinziano Phd (Secretary Of The Board Part Year)	$0	$0	$0
Vasvi Babu Od (Board Of Trustees)	$0	$0	$0
Joseph Derezynski (Board Of Trustees)	$0	$0	$0
Robert Fait Od (Board Of Trustees)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
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990

Filed on Nov. 8, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2015

Revenue

$39,049,036

Expenses

$38,135,104

Net Income

$913,932

Net Assets

$46,386,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,918,075	7.5%
Program Services	$34,770,338	89.0%
Investment Income	$1,175,054	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$128,851
Net Inventory Sales	$0
Other Revenue	$314,420	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,077,480	5.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,939,389	41.8%

Assets/Debt
Total Assets	$101,717,574
Total Liabilities	$55,331,054
Net Assets	$46,386,520

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President)	$496,959	$0	$54,124
Mark Colip Od (Vp Of Development And Student Affairs)	$217,326	$0	$45,081
Laura Rounce (Vp Of Administration)	$208,436	$0	$43,999
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$205,288	$0	$44,282
Stephanie Messner Od (Vp Of Academic Affairs)	$205,271	$0	$26,214
Leonard Messner Od (Vp Of Patient Care)	$195,811	$0	$47,451
Valarie Conrad Od (Vp For Risk And Compliance)	$180,301	$0	$40,287
Zeki Nur (Sr Director Of Benefits And Compensation)	$163,860	$0	$34,583
Gary Lesher Phd (Professor Of Pharmacology)	$162,566	$0	$37,678
Sandra Block Od (Professor Of Optometry / Board Of Trustees Part Year)	$153,004	$0	$36,508
Janice Jurkus Od (Professor Of Optometry)	$151,116	$0	$26,693
Dominick Opitz Od (Professor Of Optometry)	$149,292	$0	$36,263
Bruce Teitelbaum Od (Professor Of Optometry)	$145,862	$0	$35,630
Neal Hodur Od (Professor Of Optometry / Board Of Trustees)	$125,412	$0	$32,937
Donovan Crouch Od Faao (Chairman Of The Board)	$0	$0	$0
Jeff Smith Od Mba (Vice Chairman Of The Board)	$0	$0	$0
R Michael Daley (Treasurer Of The Board)	$0	$0	$0
Michael P Stinziano Phd (Secretary Of The Board)	$0	$0	$0
Karen Eng Od (Board Of Trustees)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
Vasvi Babu Od (Board Of Trustees)	$0	$0	$0
Robert Fait Od (Board Of Trustees)	$0	$0	$0
Charles Quattrochi Cpa (Board Of Trustees)	$0	$0	$0
Dwight Akerman Od (Board Of Trustees)	$0	$0	$0
Joseph Derezynski (Board Of Trustees)	$0	$0	$0
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990

Filed on Nov. 3, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$39,454,890

Expenses

$37,940,927

Net Income

$1,513,963

Net Assets

$44,770,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,887,464	7.3%
Program Services	$33,633,547	85.2%
Investment Income	$970,448	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,634,931	4.1%
Net Inventory Sales	$0
Other Revenue	$328,500	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,100,999	5.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,780,394	41.6%

Assets/Debt
Total Assets	$101,590,640
Total Liabilities	$56,820,040
Net Assets	$44,770,600

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Arol Augsburger Od (President)	$495,390	$0	$46,406
Mark Colip Od (Vp Of Development And Student Affairs)	$225,352	$0	$43,880
Laura Rounce (Vp Of Administration)	$214,752	$0	$42,281
John Budzynski Cpa (Vp Of Business And Finance/Cfo)	$213,526	$0	$43,113
Stephanie Messner Od (Vp Of Academic Affairs)	$210,390	$0	$26,797
Leonard Messner Od (Vp Of Patient Care)	$205,124	$0	$41,412
Valarie Conrad Od (Vp For Risk And Compliance)	$188,552	$0	$39,124
Gary Lesher Phd (Professor Of Pharmacology)	$165,340	$0	$35,785
Sandra Block Od (Professor Of Optometry)	$155,065	$0	$34,544
Janice Jurkus Od (Professor Of Optometry)	$153,697	$0	$26,000
Dominick Opitz Od (Professor Of Optometry)	$150,857	$0	$34,228
Bruce Teitelbaum (Professor Of Optometry)	$147,471	$0	$33,674
Neal Hodur Od (Professor Of Optometry / Board Of Trustees)	$124,816	$0	$30,719
Charles Quattrochi Cpa (Treasurer Of The Board)	$0	$0	$0
Donovan Crouch Od Faao (Chairman Of The Board Eff 10/2013)	$0	$0	$0
Jeff Smith Od Mba (Vice Chairman Of The Board Eff 10/2013)	$0	$0	$0
Michael P Stinziano Phd (Secretary Of The Board)	$0	$0	$0
Richard S Kattouf Od Dos (Board Of Trustees / Chairman Until 10/2013)	$0	$0	$0
Brian Higgins (Board Of Trustees)	$0	$0	$0
Charles Weiss (Board Of Trustees Part Year)	$0	$0	$0
Donna Thompson (Board Of Trustees Part Year)	$0	$0	$0
Dwain Hahs (Board Of Trustees)	$0	$0	$0
Dwight Akerman Od (Board Of Trustees)	$0	$0	$0
Geri Hansen (Board Of Trustees)	$0	$0	$0
Joseph Derezynski (Board Of Trustees)	$0	$0	$0
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990

Filed on Nov. 10, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2013

Revenue

$36,017,407

Expenses

$34,856,277

Net Income

$1,161,130

Net Assets

$40,497,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,956,378	5.4%
Program Services	$32,127,299	89.2%
Investment Income	$1,112,803	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$556,706	1.5%
Net Inventory Sales	$0
Other Revenue	$264,221	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,945,833	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,118,881	43.4%

Assets/Debt
Total Assets	$97,704,122
Total Liabilities	$57,206,879
Net Assets	$40,497,243

990

Filed on Dec. 26, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2012

Revenue

$36,769,380

Expenses

$32,952,850

Net Income

$3,816,530

Net Assets

$36,447,097

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,941,420	10.7%
Program Services	$31,730,415	86.3%
Investment Income	$997,419	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$153,196
Net Inventory Sales	$0
Other Revenue	$253,322	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,842,698	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,352,987	43.6%

Assets/Debt
Total Assets	$95,385,176
Total Liabilities	$58,938,079
Net Assets	$36,447,097

990

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated December 20, 2024

Illinois College Of Optometry

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $38.5M (2023)

Expenses $36.8M (2023)

Total Assets $100M (2023)

Total Liabilities $33M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending June 2024

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Audit

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Audit

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

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Compensation

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990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

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Compensation

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990

Audit

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Audit

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2015

Revenue

$38.5M (2023)

Expenses

$36.8M (2023)

Total Assets

$100M (2023)

Total Liabilities

$33M (2023)

Fiscal Year Ending June
2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2001