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Nonprofiteer
← ILLINOIS COLLEGE OF OPTOMETRY

Form 990 for tax year 2023

Filed by ILLINOIS COLLEGE OF OPTOMETRY.

Totals

Total revenue
$37,146,736
Total expenses
$38,523,194
Contributions and grants received
$2,660,892
Grants paid
$2,427,186
Program service revenue
$32,941,814
Investment income
$1,334,309
Other revenue
$209,721
Total assets, end of year
$99,057,565
Total liabilities, end of year
$29,152,731
Net assets or fund balances, end of year
$69,904,834
Program services expenses (Part IX)
$28,868,654
Management and general expenses
$9,325,279
Fundraising expenses
$329,261
Program service expenses (Part III)
$28,868,654

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dwain Hahs

    Board of Trustees-Treasurer (End 10/2023)

    Total calculated
    $0

  • Dwight Ackerman OD MBA FAAO

    Chairman of the Board (End 10/2023)

    Total calculated
    $0

  • Kevin Danahey OD

    Vice Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Nana Owusu OD

    Board of Trustees- Secretary

    Total calculated
    $0
    Hours/week
    1

  • Scott Jens OD FAAO

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Steven Schneider CPA

    Board of Trustees-Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Casey Hogan OD FAAO FSLS

    Board of Trustees (End 10/2023)

    Total calculated
    $0

  • James Wachter OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Johnson OD MBA CFA

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Joseph Derezinski

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Karen Eng OD

    Board of Trustees (End 10/2023)

    Total calculated
    $0

  • Michael LoPiano MBA

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Mohammed Eid OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Nicole Wheatly

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Osvaldo Lopez MD

    Board of Trustees

    Total calculated
    $3,572
    From this org
    $3,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Philip Hasler OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Roberto Lucca OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Sandra Bury OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Shawn Mallady OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Steven Lee OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Thomas Duchardt FAAO

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Timothy Tsang OD FAAO

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Tracy Matchinski OD FAAO

    Professor of Optometry / Board of Trustees

    Total calculated
    $185,840
    From this org
    $147,382
    From related orgs
    $0
    Other
    $38,458
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $145,608
    Bonus
    $1,000
    Other
    $774
    Deferred
    $24,288
    Nontaxable benefits
    $14,170
    Filer's total
    $185,840

  • Vasvi Babu OD

    Board of Trustees (End 10/2023)

    Total calculated
    $0

  • Christa Ojeda CPA

    VP of Business and Finance/CFO

    Total calculated
    $293,608
    From this org
    $250,382
    From related orgs
    $0
    Other
    $43,226
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $219,628
    Bonus
    $29,980
    Other
    $774
    Deferred
    $13,610
    Nontaxable benefits
    $29,616
    Filer's total
    $293,608

  • Mark Colip OD

    President

    Total calculated
    $485,050
    From this org
    $415,556
    From related orgs
    $0
    Other
    $69,494
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $362,180
    Bonus
    $51,000
    Other
    $2,376
    Deferred
    $26,255
    Nontaxable benefits
    $43,239
    Filer's total
    $485,050

  • Erik Mothersbaugh OD

    Dean for Student Affairs

    Total calculated
    $263,658
    From this org
    $230,588
    From related orgs
    $0
    Other
    $33,070
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,641
    Bonus
    $23,785
    Other
    $162
    Deferred
    $22,500
    Nontaxable benefits
    $10,570
    Filer's total
    $263,658

  • Leonard Messner OD

    VP of Patient Care

    Total calculated
    $308,244
    From this org
    $266,374
    From related orgs
    $0
    Other
    $41,870
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $236,036
    Bonus
    $28,052
    Other
    $2,286
    Deferred
    $30,000
    Nontaxable benefits
    $11,870
    Filer's total
    $308,244

  • Stephanie Messner OD

    VP of Academic Affairs

    Total calculated
    $320,785
    From this org
    $278,915
    From related orgs
    $0
    Other
    $41,870
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $246,873
    Bonus
    $29,756
    Other
    $2,286
    Deferred
    $30,000
    Nontaxable benefits
    $11,870
    Filer's total
    $320,785

  • Zhiyong Daniel Ren

    Chief Operating Officer at IEI

    Total calculated
    $256,089
    From this org
    $234,489
    From related orgs
    $0
    Other
    $21,600
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,534
    Bonus
    $27,685
    Other
    $270
    Deferred
    $21,600
    Nontaxable benefits
    $0
    Filer's total
    $256,089

  • Anne Rozwat OD

    Professor of Optometry

    Total calculated
    $239,865
    From this org
    $188,476
    From related orgs
    $0
    Other
    $51,389
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $185,702
    Bonus
    $2,000
    Other
    $774
    Deferred
    $14,400
    Nontaxable benefits
    $36,989
    Filer's total
    $239,865

  • Daniel Roberts OD

    Professor of Optometry

    Total calculated
    $254,980
    From this org
    $181,741
    From related orgs
    $0
    Other
    $73,239
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $178,053
    Bonus
    $2,500
    Other
    $1,188
    Deferred
    $30,000
    Nontaxable benefits
    $43,239
    Filer's total
    $254,980

  • Geoffrey Goodfellow OD

    Professor of Optometry

    Total calculated
    $222,068
    From this org
    $179,829
    From related orgs
    $0
    Other
    $42,239
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $177,559
    Bonus
    $2,000
    Other
    $270
    Deferred
    $0
    Nontaxable benefits
    $42,239
    Filer's total
    $222,068

  • Michael Chaglasian OD

    Professor of Optometry

    Total calculated
    $251,831
    From this org
    $182,589
    From related orgs
    $0
    Other
    $69,242
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $179,901
    Bonus
    $1,500
    Other
    $1,188
    Deferred
    $30,000
    Nontaxable benefits
    $39,242
    Filer's total
    $251,831

  • Yi Pang OD

    Professor of Optometry

    Total calculated
    $273,708
    From this org
    $208,969
    From related orgs
    $0
    Other
    $64,739
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,055
    Bonus
    $2,500
    Other
    $414
    Deferred
    $22,500
    Nontaxable benefits
    $42,239
    Filer's total
    $273,708

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
DISCRETIONARY BONUSES ARE DETERMINED AT THE VP LEVEL. THEY ARE REVIEWED BY THE PRESIDENT AND CFO BASED ON MERIT/PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349307781

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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