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Nonprofiteer
← ILLINOIS COLLEGE OF OPTOMETRY

Form 990 for tax year 2022

Filed by ILLINOIS COLLEGE OF OPTOMETRY.

Totals

Total revenue
$38,494,231
Total expenses
$36,782,950
Contributions and grants received
$3,365,977
Grants paid
$1,876,286
Program service revenue
$31,029,342
Investment income
$3,834,561
Other revenue
$264,351
Total assets, end of year
$100,230,863
Total liabilities, end of year
$33,028,306
Net assets or fund balances, end of year
$67,202,557
Program services expenses (Part IX)
$27,809,002
Management and general expenses
$8,672,849
Fundraising expenses
$301,099
Program service expenses (Part III)
$27,809,002

Program services were 75.6% 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

    Total calculated
    $0
    Hours/week
    1

  • Dwight Ackerman OD MBA FAAO

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Smith OD MBA

    Vice Chairman of the Board (End 10/2022)

    Total calculated
    $0

  • Nana Owusu OD

    Board of Trustees- Secretary

    Total calculated
    $0
    Hours/week
    1

  • Robert Fait OD

    Board of Trustees- Secretary (End 10/2022)

    Total calculated
    $0

  • Scott Jens OD FAAO

    Vice Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Casey Hogan OD FAAO FSLS

    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

    Total calculated
    $0
    Hours/week
    1

  • Kevin Danahey OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Michael LoPiano MBA

    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

  • Steven Schneider

    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

  • Torrey Barrett

    Board of Trustees (End 10/2022)

    Total calculated
    $0

  • Tracy Matchinski OD FAAO

    Professor of Optometry / Board of Trustees

    Total calculated
    $178,510
    From this org
    $143,605
    From related orgs
    $0
    Other
    $34,905
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $136,795
    Bonus
    $6,396
    Other
    $414
    Deferred
    $24,288
    Nontaxable benefits
    $10,617
    Filer's total
    $178,510

  • Vasvi Babu OD

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Christa Ojeda CPA

    VP of Business and Finance/CFO

    Total calculated
    $256,116
    From this org
    $221,038
    From related orgs
    $0
    Other
    $35,078
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $207,424
    Bonus
    $12,840
    Other
    $774
    Deferred
    $12,840
    Nontaxable benefits
    $22,238
    Filer's total
    $256,116

  • Mark Colip OD

    President

    Total calculated
    $443,329
    From this org
    $387,969
    From related orgs
    $0
    Other
    $55,360
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $346,093
    Bonus
    $39,500
    Other
    $2,376
    Deferred
    $27,000
    Nontaxable benefits
    $28,360
    Filer's total
    $443,329

  • Erik Mothersbaugh OD

    Dean for Student Affairs

    Total calculated
    $236,167
    From this org
    $205,951
    From related orgs
    $0
    Other
    $30,216
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $198,939
    Bonus
    $6,850
    Other
    $162
    Deferred
    $19,500
    Nontaxable benefits
    $10,716
    Filer's total
    $236,167

  • Leonard Messner OD

    VP of Patient Care

    Total calculated
    $273,031
    From this org
    $235,270
    From related orgs
    $0
    Other
    $37,761
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $223,949
    Bonus
    $9,035
    Other
    $2,286
    Deferred
    $27,000
    Nontaxable benefits
    $10,761
    Filer's total
    $273,031

  • Stephanie Messner OD

    VP of Academic Affairs

    Total calculated
    $285,099
    From this org
    $247,321
    From related orgs
    $0
    Other
    $37,778
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $234,253
    Bonus
    $11,880
    Other
    $1,188
    Deferred
    $27,000
    Nontaxable benefits
    $10,778
    Filer's total
    $285,099

  • Zhiyong (Daniel) Ren

    Chief Operating Officer at IEI

    Total calculated
    $230,066
    From this org
    $208,759
    From related orgs
    $0
    Other
    $21,307
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $194,804
    Bonus
    $13,685
    Other
    $270
    Deferred
    $20,500
    Nontaxable benefits
    $807
    Filer's total
    $230,066

  • Amit Choksi

    Sr Director of Information Technology/CIO

    Total calculated
    $196,275
    From this org
    $180,069
    From related orgs
    $0
    Other
    $16,206
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,799
    Bonus
    $9,000
    Other
    $270
    Deferred
    $15,435
    Nontaxable benefits
    $771
    Filer's total
    $196,275

  • Geoffrey Goodfellow OD

    Professor of Optometry

    Total calculated
    $211,182
    From this org
    $180,972
    From related orgs
    $0
    Other
    $30,210
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $172,179
    Bonus
    $8,523
    Other
    $270
    Deferred
    $0
    Nontaxable benefits
    $30,210
    Filer's total
    $211,182

  • John Baker OD

    Professor of Optometry

    Total calculated
    $219,712
    From this org
    $182,029
    From related orgs
    $0
    Other
    $37,683
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $171,325
    Bonus
    $8,418
    Other
    $2,286
    Deferred
    $15,500
    Nontaxable benefits
    $22,183
    Filer's total
    $219,712

  • Michael Chaglasian OD

    Professor of Optometry

    Total calculated
    $233,894
    From this org
    $179,670
    From related orgs
    $0
    Other
    $54,224
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $169,797
    Bonus
    $8,685
    Other
    $1,188
    Deferred
    $26,000
    Nontaxable benefits
    $28,224
    Filer's total
    $233,894

  • Yi Pang OD

    Professor of Optometry

    Total calculated
    $246,112
    From this org
    $197,375
    From related orgs
    $0
    Other
    $48,737
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $187,998
    Bonus
    $9,107
    Other
    $270
    Deferred
    $20,496
    Nontaxable benefits
    $28,241
    Filer's total
    $246,112

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349302217

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

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