Page 1


New England College of Optometry The New England College of Optometry (NECO) prepares the next generation of eye care providers, teachers, and innovators. Located in the heart of Boston, the College is a small, independent graduate institution that currently enrolls students from 29 states and 41 countries. NECO graduates 10 percent of the country’s new optometrists each year and supervises 10 percent of the nation’s optometric residents.

New England Eye New England Eye (NEE) is the patient care and clinical education subsidiary of the College. It is the largest provider of optometric services in Massachusetts with nearly 85,000 patient visits annually in 45 locations – including 80 percent of Boston’s community health centers. Using mobile vans, NEE clinicians and students provide eye care to children and the elderly as well as to disabled and homeless patients who are unable to travel to a clinic. NECO and NEE faculty and clinicians are committed to improving access to care, preventing blindness, enhancing quality of life, and developing innovative, economically viable, and reproducible models of eye care.

President Clifford Scott, OD ’68, MPH

The Classroom

The Clinic

The Practice

Students in Dr. Aurora Denial’s

New England Eye Commonwealth

Optometrist and low vision specialist

clinical reasoning course learn to

provides advanced-level, hands-on

Dr. Susan Primo applies the standards

listen to patients, ask the right

learning experience for post graduates,

of excellence she gained at NECO in

questions, and apply their critical

such as cornea and contact lens resident

the clinic, the research arena, and the

thinking skills to deliver the best

Brittney Mazza – while providing a

classroom as she prepares the next

care possible.

full range of comprehensive eye care

generation of professionals to deliver

services to Boston residents.

tomorrow’s best practices in vision

Vice President and Chief Financial Officer Bruce Bernier, MBA Vice President of Institutional Advancement Nancy Broude, EdM Vice President and Dean of Academic Affairs Barry Fisch, OD ’71

healthcare.

5

9

13

Vice President of Clinical Affairs and Chief Executive Officer of New England Eye Jody Fleit, MS Vice President of Business Development Robert Gordon, CPA, MST

The New England College of Optometry

Letter from the President

2

Letter from the Chair of the Board

3

Class of 2014 Profile

4

Learning the Art of Clinical Reasoning

5

The Clinic as Classroom

9

Best Practices in the Practice

13

NEE Network Map

17

Annual Report is published in December by the Office of the President. www.neco.edu T

617.587.5647

Donor Report

18

F

617.587.5555

Financials

22

New England College of Optometry 424 Beacon Street Boston, Massachusetts 02115

Annual Report 2010

ANNUAL REPORT 2010

1


“B uilding upon NECO’s standards of excellence

“T he decisions we make over the next

requires not only an unremitting focus on

several years will impact our growth

what we do well, but also a fearless imagining

and sustainability in the coming

of what we can accomplish in the future.”

decade and beyond.”

F r o m

b e s t

p r a ct i ce

to

ne x t

p r a ct i ce

l on g

v i e w

Healthcare System. NECO has also received a $1.3

Sustaining excellence requires a commitment to

Today, many institutions and individuals are not

Optometry (NECO) has embodied best practices in

million grant from the National Institutes of Health

continuous self-evaluation and a willingness to

only tightening their budgets, but also evaluating

optometric education. Inherent in our definition of

(NIH) that focuses on the development of new

evolve. At NECO, we’re taking the long view by

their spending to ensure that they invest in what

best practices is a creative approach toward “next

optical techniques to image rod photoreceptors in

carefully considering how the decisions we make

matters most. I hope you will continue to invest in

practices” that build upon NECO’s standards of

both normal and diseased retinas. These efforts will

over the next several years will impact our growth

NECO’s future through your financial support. Your

excellence in education and clinical care. That dual

be led, respectively, by NECO faculty members

and sustainability in the coming decade and beyond.

gifts strengthen our efforts to sustain and enhance

orientation requires not only an unremitting focus

Stacey S. Choi, OD, PhD and Nathan Doble, PhD.

The bold creativity that characterizes the NECO

those aspects of the College that matter most to our students and the greater Boston community: the

The heritage of the College is one of discovery,

community extends beyond our classrooms, clinics,

imagination, and a willingness to embrace

and laboratories to our operations as well. We’re

technological and paradigmatic change with

determined to make investments in our academic

We all know that tomorrow’s classrooms will look

insight and enthusiasm. We continue to address

programs and research endeavors, technological

very different from those of today. As technology

tomorrow’s challenges and demands from a firm

infrastructure, and facilities that will have a positive

We will continue to keep you informed of the

continues to transform the student experience, a

foundation of excellence – a foundation that will

impact on our students, our faculty, our profession,

progress of our strategic initiatives and look forward

growing number of courses will no longer follow

serve us well as we work to honor our legacy of

and the patients we serve. In this way, we honor the

to your feedback as we work together to build a

the traditional model of a lecture hall filled with

making a difference to our students, the

investments that others – alumni, friends,

long-term and sustainable operating framework

students. At NECO, we are shaping strategies for

community, and the optometric profession.

foundations, and government agencies – make in us.

for NECO.

what we can accomplish in the future – both in the classroom and through our research efforts.

the development and implementation of a more

and clinical work.

college – one that is heavily dependent on tuition

to earn credits as they amass knowledge rather

revenues and is housed in aging facilities that are

than credit hours.

major project that involves conducting important

faculty, and the far-reaching impact of our research

to the economic realities we face as a small private

are free to learn at their own pace, enabling them

On the scientific side, we are poised to begin a

excellence of our programs, the high quality of our

Our ability to meet this goal is inextricably linked

self-directed educational model in which students

ANNUAL R E P OR T 2010

t h e

For almost 120 years, New England College of

on what we do well, but also a fearless imagining of

2

Ta k i n g

costly to maintain. For that reason, we recently Clifford Scott, OD ’68, MPH President

convened a Special Committee on Physical Facilities and Business Modeling to evaluate NECO’s current

translational research in the area of adaptive optics.

physical plant and operational model in light of our

Thanks to a $1.5 million grant from the

ongoing expenditures and projected space and

Telemedicine and Advanced Technology Research

technology requirements. Comprising trustees,

Center (TATRC) of the Department of Defense,

external experts, faculty, staff, students, and alumni,

NECO will be investigating high-resolution retinal

the committee will provide recommendations

imaging as a diagnostic marker for blast-induced

that will enable NECO to meet its strategic goals

traumatic brain injury. The College will conduct this

while becoming a more efficient and financially

research in collaboration with the VA Boston

sustainable institution.

Steven P. Manfredi Chair of the Board

ANNUAL REPORT 2010

3


Class of 2014

Students who entered NECO this past fall are committed to success, evidenced

by their impressive GPA and OAT scores, according to Dr. Taline Farra, assistant dean and director of NECO’s office of admissions. The new students arrived from 24 states, Canada, China, Trinidad, England, and Korea.

Le a r n i n g t h e A r t of C l i n i c a l Re a s on i n g

They received their undergraduate degrees from prominent institutions of higher education including New York University, Cornell, Carnegie Mellon, Bates, Tufts, College of the Holy Cross, Emory, Brandeis, University of Waterloo, University of Toronto, and University of British Columbia. The 117 members of the

“M emorization alone doesn’t enable

Class of ’14 were selected from 889 applicants, a 14 percent increase over last year, demonstrating NECO’s

you to take care of patients. You have

preeminent position in eye care delivery, research, and education.

to be able to apply your knowledge.”

Meet some members of the Class of ‘14

- Aurora Denial, OD ’85

Eric Auyeung | San Francisco, California | BS, Psychology with Biology emphasis, University of California, Davis “NECO’s main focus is not on the doctors-in-training, but the patients – and that’s how it should be.” • Most admired spectacle designer: Ralph Anderl • Looks forward to experiencing a New England winter

Mila Leboeuf | Montreal, Quebec, Canada | BS, Biochemistry, University of Montreal “NECO’s location in a city with numerous other schools guarantees a great student dynamic.” • H  er hero: Canadian astrophysicist Hubert Reeve. “He is dedicated to spreading awareness of environmental issues. He has my complete respect.” • Is perfecting her culinary skills

Lauren Rowe | Quitman, Georgia | BS, Exercise Science, University of Mississippi “The instructors at NECO treat every student with respect and as a future colleague.” • Trained in sports vision therapy at Ole Miss • Best thing about Boston: “I love the fact that this is such a sports town!”

Roslyn Scalise | Calgary, Alberta, Canada | BS, Natural Sciences, University of Calgary

It’s Wednesday morning at the New England College of Optometry, and students are making their way into Lecture Hall 3. Associate Professor of Optometry Dr. Aurora Denial stands at the front of the room, welcoming students as they walk in. Once everyone is settled, she takes to the lectern and informs her students that today’s clinical reasoning class is special: Today they meet their patients.

“I appreciate the laboratory and research facilities at NECO. They are well-equipped and easy to access.” • Worked as an optometry clinic technician for four years before entering NECO • Enjoys dancing, soccer, and football

“The patients you’ll meet this morning have a variety of eye conditions,” says Dr. Denial. “Over the course of the school year, you’ll become experts on your patient’s overall health and lifestyle – not just their ocular health.” After explaining how the meetings will proceed, Dr. Denial divides the students into small groups and

Sabrina Sgroi | Richmond Hill, Ontario, Canada | BS, Biomedical Science, University of Waterloo

hands each group an index card with a patient’s name on it. Although they may not realize it yet, that patient

“I appreciate the hands-on learning at NECO. Interacting with patients early in the program is a great confidence booster.”

will become the students’ primary teaching tool for the next eight months and their first introduction to the

• Spent a year working as an optometry assistant • As a high school senior, studied history in Italy

art of clinical reasoning.

Aynsley Tinkham | Mississauga, Ontario, Canada | BS, Neuroscience, University of Western Ontario “Helping people correct and improve their eyesight is my ultimate professional goal.” • Favorite book: A Thousand Splendid Suns • Enjoys Boston’s historic sites and myriad activities

4

ANNUAL R E P OR T 2010

Patient carE ANNUAL REPORT 2010

5


Lea rn i n g t h e A rt of Cli nical Reas on ing

The Learning Curve

Abstract Concepts, Tangible Results

NECO’s clinical reasoning courses are

Clinical reasoning has always been part of the NECO

designed like a three-story house,

curriculum, but it wasn’t until 2007 that Dr. Denial

with each course serving as the foundation for the next. During their first year, students work primarily in small

made it the focus of a three-year course sequence. The goal of the courses is to help students develop the more abstract skills of patient care, such as the analytical processing skills necessary for diagnosis.

groups and interact regularly with

In other words, the goal is to teach students how

patients to hone their information

to think like doctors.

gathering and communication skills. The second-year course moves from

“This is the course I wish I could have taken when I was a NECO student,” says Dr. Denial. “I loved

gathering to analyzing patient

being a student, and I was good at memorizing

information and focuses on differential

information. The problem is, memorization alone

diagnosis, the process of distinguishing

doesn’t enable you to take care of patients. You

between various eye conditions. By

have to know how to apply your knowledge.”

third year, students learn to integrate

To help students bridge the gap between knowledge

all their knowledge and experiences

and the application of knowledge in a clinical

to make diagnoses and develop

context, Dr. Denial enlists volunteer patients to serve

treatment plans for patients.

as real-life case studies for her students. Through monthly phone calls or meetings, students learn about their patients’ personal and medical histories to uncover connections between vision health and factors such as aging, lifestyle, and socioeconomics. Students then present their findings in class to facilitate larger class discussions and problem-solving exercises based on their patient cases. “The first year of clinical reasoning taught me how to approach patient care,” says Maria Pham, a fourth-year NECO student. “Even though my knowledge of ocular disease at that point was limited, my classmates and I were able to identify the anatomic

Clinical reasoning 6

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

7


T h e C l i n i c a s C l a s s r oo m Lea rn i n g t h e A rt of Cli nical Reas on ing

“N EE Commonwealth is the and physiologic markers of disease, which is the first

launch pad of great doctors.”

step when you’re seeing a new patient.” - Commonwealth Clinic Director

By her third year, Pham realized she was able to

Mark O’Donoghue, OD ’82

identify not only those markers but also the diseases that were most likely associated with them – and options for treatment. “My takeaway from clinical reasoning was that you really need to know the basics before you determine the diagnosis and treatment,” says Pham. “You have to start with the big picture before you can narrow it down and figure out exactly what condition the patient has.” Big-picture analysis is a major tenet of Dr. Denial’s courses and the New England College of Optometry at large. “We always tell students that the patient is not a pair of eyeballs,” says Dr. Denial. “The contextual environment is very important.” In fact, numerous research journals such as Academic Medicine have published studies showing that the greater a doctor’s ability to think critically and comprehensively, the better clinical care he or she delivers. Even as patient practices and technologies evolve, the skills that students learn in NECO’s clinical reasoning courses will remain relevant. After all, the

New England Eye Commonwealth is not your average optometry clinic. A state-of-the-art facility near the B.U. West Campus neighborhood, the Commonwealth clinic is the destination of patients seeking eye care ranging from routine checkups to complex retinal evaluations. Children visit the pediatric section for their first eye exam, young professionals are fitted for contact lenses, and retina specialists and ophthalmologists extend expert care to patients with macular degeneration.

best optometrists will always be the ones who listen well, ask smart questions, and take the time to see the whole patient before determining a diagnosis.

But NEE Commonwealth is also much more than that. An academic partner of the College, the clinic is an extension of the classroom where NECO students and residents learn the best practices in eye care to prepare for successful careers in optometry. “NEE Commonwealth is the launch pad of great doctors,” says Clinic Director Mark O’Donoghue, OD ’82. “The key to an NEE residency is taking what is learned in the classroom and turning it into real, applicable information.”

Hands-on learning 8

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

9


Th e Cli n i c a s Cla ssroom

T he C lin ic as Clas s room

Commonwealth services – from primary eye care

assessment, diagnosis, and suggestions for glasses,

to contact lens and cornea care, non-surgical vision

medication, or further testing. After reassessing

therapy, and low-vision rehabilitation services –

the patient, the preceptor points out where their

give residents exposure to a range of specialties

evaluations agree – or diverge. “That interchange is

and approaches. Interacting with a broad patient

the most instructive step,” says Dr. O’Donoghue.

demographic and a multidisciplinary team of

“If there is agreement, the patient is treated

physicians, they graduate equipped to practice

according to the resident’s plan. On the other hand,

in a variety of clinical settings.

if the mentor feels the resident has overlooked or

A day in the clinic During a typical day at NEE Commonwealth,

misinterpreted something, they’re right there to guide and to instruct.”

pediatric and contact lens residents take part

A winning combination

in a continuous exchange of information in the

Collaboration with experienced doctors on staff is

conference room they share with students, Dr.

a key Commonwealth differentiator. Residents enjoy

O’Donoghue, and other faculty optometrists.

a broad and multidisciplinary residency, working

“That ongoing dialogue is a wonderful part of

directly with seasoned professionals who serve as

the residency program,” he says. “If we have

examples, teachers, and mentors, offering both

a particularly complicated case, everyone has

empowerment and support.

a chance to discuss it and learn from it.”

“Residents leave Commonwealth prepared for

But the real classroom, Dr. O’Donoghue points out,

the challenges of the future,” says Dr. O’Donoghue.

is the clinic itself. NEE Commonwealth residents are

“They’ve interacted with expert doctors and learned

responsible for the entire eye exam – from the

to see each patient as an individual and treat them

moment a patient arrives for an annual exam or

in a moral, ethical, and efficient way. When our

with concerns about blurred vision until a treatment

residents graduate into hospitals, VA centers,

plan is designed. Residents review the patient’s

community health centers, and private practice,

medical history, perform visual acuity measurements,

those lessons go with them and become

refraction, and neurological testing, and dilate the

optometry’s next practices.”

pupils to check for eye disease. “It is a wonderful opportunity for the residents to compare what they’ve seen a million times on the blackboard or in slides with what they see in a real patient,” says Dr. O’Donoghue. Following the exam, residents review with the physician assigned as their mentor their patient

10

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

11


Be s t P r a ct i ce s i n t h e P r a ct i ce Th e Cli n i c a s Cla ssroom

“T he course of my career revolves around Brittney Mazza: Realizing her vision

one thing. It’s about decreasing visual

Brittney Mazza, OD ’10, made her career choice early. During her senior year in high school, she interned with an optometry and ophthalmology practice in her

health disparities and impairment, and

hometown of Dartmouth, Mass., where she watched grateful patients leave the

if impairment occurs, helping patients

office with improved vision. “I knew right away that optometry was the career I

to manage it.”

wanted to pursue,” she says.

- Susan Primo, OD ’85, MPH

“O nce the lenses were in place, his vision was clearer than it had been in a very long time. His whole life will be different now.” – Brittney Mazza, OD ’10 That pursuit began in earnest at NECO, the school she chose in part for its superior clinical program. “NECO gave me the opportunity to do pediatric vision screenings during the first month of school,” she says. “From the beginning, I was exposed to all areas of optometry and had the chance to network with experts in the field.” Her residency in NEE Commonwealth’s cornea and contact lens area is an extension of that training, giving her first-hand experience with patients seeking routine eye exams, contact lenses, and follow-up care. In preparation for a career in specialty contact lens fitting, she often treats post-surgical patients or those with corneal disease and determines the lenses that will best address their unique conditions. “I recently treated a 30-year-old patient with keratoconus in both eyes,” she says. Although his corneal deterioration could not be corrected with glasses or traditional contacts, Dr. Mazza hypothesized that rigid scleral lenses might be the solution. “Once the lenses were in place,” she says, “his vision was clearer than it had been in a very long time. His whole life will be different now. Experiences like that are my reason for choosing this career.” In addition to caring for patients, Dr. Mazza mentors and instructs students in Commonwealth contact lens rotations, confirming their patient assessments. In turn, Dr. Mazza’s attending optometrists – Commonwealth contact lens specialists Susan Baylus, OD ’89, Jason Chin, OD ’04, and Ron Watanabe, OD – verify her evaluations, providing guidance as needed. “They’re always available to share their expertise,” says Dr. Mazza. “They encourage us to remain current on developments in optometry from basic science and academics to managing the practice once we’re established in our career. Keeping up with the always-changing field provides a strong foundation for best practices, and that translates to what’s most important – quality and compassionate care for our patients.” 12

ANNUAL R E P OR T 2010

Susan Primo, OD ’85, MPH learned the power of compassionate community service early. The daughter of an Episcopalian minister, she accompanied her father when he sat with hospitalized parishioners, observing as he dispensed comfort and hope. She was at his side, too, one fortuitous summer afternoon when he paid a visit to his optometrist. “My father took me with him when he went for an eye exam,” she recalls. “The doctor explained to me his instruments and how the eye works – and I was fascinated.” And at 15, she knew her future would include helping people to see. Multiple roles, single focus In addition to her duties as mom to her 12-year-old daughter and 9-year-old son, Dr. Primo’s myriad responsibilities include her role as director of Vision and Optical Services and Low Vision at Atlanta’s Emory Eye Center and assisting medically underserved patients at Grady Memorial Hospital’s neighborhood health center. “My career revolves around one thing,” says Primo. “It’s about decreasing visual health disparities and reducing the risk of visual impairment, and if impairment occurs, helping patients to manage it – all with the goal of improving quality of life and better overall health for members of our community.”

PASSION

ANNUAL REPORT 2010

13


Be s t P r a ct i ce s i n t h e P r a ct i ce

Be s t P r a ct i ce s i n t h e P r a ct i ce

The importance of influence Dr. Susan Primo’s NECO externships and rotations not only provided her with invaluable career skills, but introduced her to supervisors who became lifelong confidantes and colleagues. “They all had a major influence on me and on my career decisions,” she says. Her preceptors, Bob Perlin at the VA’s Eastern Blind Rehab Center (EBRC) and Doug Hoffman OD ’80 at Dorchester House remain friends as does Roger Wilson, OD ’80 with whom she has served on the Community Health Center committee of the American Optometric Association. “Roger and Doug’s passion for taking care of this community is extraordinary,” she says of her NECO mentors. “Bob, Doug, and Roger were all superb role models for how to be a good citizen, let alone a good optometrist. They laid the groundwork for me both professionally and personally.”

After receiving her master’s degree in public health

House Multi-Service Health Center and EBRC in

NECO’s unique external training program and the

in 2002, Primo added another aspect to her work:

West Haven [Conn.] had a profound effect on me,”

required fourth-year community health rotation

clinical research. In collaboration with Emory’s Rollins

she says. “At Dot House, I saw patients who were

gave Primo the opportunity to interact not only

School of Public Health and other organizations,

medically underserved and who traditionally had

with patients but also with professional providers at

she conducts clinical trials and vision rehabilitation

limited access to good eye care. They were so

NECO-affiliated health centers. Her EBRC rotation

research in Emory’s Department of Ophthalmology,

appreciative of compassionate caregivers who

also served as a serendipitous introduction to what

recently completing an NEI-funded clinical trial on

prescribed glasses or who diagnosed and managed

would become an enduring professional passion.

glaucoma medication adherence.

conditions that might have caused blindness.

“I knew nothing about low-vision patients when I

At the VA, I was able to spend a great deal of time

got there,” she says. “But I fell in love with the idea

evaluating and helping visually impaired patients

of being able to make a difference in the lives of

who came for a 10-week in-patient program. It was

those with visual impairments.”

She credits her NECO rotations with shaping her multi-stranded career and concentration in public health. “The clinical exposure and training I experienced through my rotations at Dorchester

a very powerful experience.”

m ake a difference 14

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

15


FlagshiPs Ho m e l e s s Se r v i ce s

Be s t P r a ct i ce s i n t h e P r a ct i ce

1. NE Eye Commonwealth 940 Commonwealth Ave., Boston

4. NE Eye at Pine Street Inn 444 Harrison Ave., Boston

2. NE Eye Roslindale 4199 Washington St., Suite 2, Roslindale –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 3. Boston Healthcare for Homeless Program Jean Yawkey Place 780 Albany St., Boston

New England Eye Network Our Growing Patient Care System

5. Rosie’s Place 889 Harrison Ave., Boston 6. Shattuck Shelter 170 Morton St., Jamaica Plain 7. St. Francis House 39 Boylston St., Boston

One of a small cadre of practitioners in the U.S. working with the visually impaired, Primo helps

Sc h oo l P r o g r a m s

8. NE Shelter for Homeless Veterans 17 Court St., Boston –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 9. NE Eye at Framingham Public Schools 31 Flagg Dr., Framingham

patients at the Emory Eye Center’s Vision

enable them to see well enough to perform activities of daily living such as cooking and cleaning their homes, as well as do things they love to do –

Disabilities

she explains, “we identify devices and therapies that

Ho s p i ta l s

problem can’t be corrected with surgery or glasses,”

reading, sewing, playing cards, and other activities.”

As associate professor of ophthalmology in Emory University School of Medicine’s Emory Eye Center,

16. Cotting School for Multi-handicapped Children 453 Concord Ave., Lexington 17. St. Coletta and Cardinal Cushing Schools of Mass. 405 Washington St., Hanover –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 18. Boston Medical Center, Dept. of Ophthalmology 720 Harrison Ave., Boston 19. Tufts NE Medical-Floating Hospital for Children 755 Washington St., Boston –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 20. Codman Square Health Center 637 Washington St., Dorchester

23. East Boston Neighborhood Health Center 10 Gove St., East Boston C o m m un i ty He a lt h C ente r s

Next practitioners = best practitioners

15. May Institute 794 Broadway St., Revere

22. Dorchester House Multi-Service Center 1353 Dorchester Ave., Dorchester

magnifiers, and even head-borne telescopes so they behind the wheel and drive.

12. Screening Program at Brookline Public Schools 333 Washington St., Brookline

21. The Dimock Center 55 Dimock St., Boston

Primo’s patients learn to use electronic readers and may once again – with certain restrictions – get

11. Screening Program at Boston Public Schools 26 Court St., Boston

13. ABCD Head Start 178 Tremont St., Boston –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 14. NE Eye at Perkins School for the Blind 175 North Beacon St., Watertown

Rehabilitation Service adapt to tools that increase their independence and quality of life. “If their vision

10. NE Eye at Boston Renaissance Charter School 250 Stuart St., Boston

24. Fenway Community Health Center 1340 Boylston St., Boston 25. Geiger-Gibson Community Health Center 250 Mt. Vernon St., Dorchester 26. Joseph P. Smith Community Health Center 300 Western Ave., Allston 27. Lynn Community Health Center 23 Central Ave., 5th Floor, Lynn 28. Martha Eliot Health Center 75 Bickford St., Jamaica Plain 29. North End Community Health Center 332 Hanover St., Boston

basics of performing eye exams and refraction tests

30. South Boston Community Health Center 386 W. Broadway, South Boston

and shares with first- through third-year residents

31. South End Community Health Center 1601 Washington St., Boston

her low-vision expertise. In the course of her lectures at Emory and elsewhere, she shares something else

32. Upham’s Corner Health Center 500 Columbia Rd., Dorchester –––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 33. Hebrew Senior Life 1200 Central St., Roslindale

as well: her NECO heritage as the standard of

34. Boston University Eye Associates, Brockton 22 Christy Dr., Brockton

compassion and excellence to which the next

35. NE Eye at MAB Holyoke 267 High St., Holyoke

generation of eye care providers may aspire.

36. NE Eye at MAB Worcester 799 W Boylston St., Worcester

“My passions of public health and low vision

37. Marian Manor 130 Dorchester St., South Boston

came to light at NECO,” she says. “I’m giving my

38. The Boston Home 2049 Dorchester Ave., Dorchester

patients the best possible care and helping them achieve their best visual potential – because of the exceptional training I received there.”

Ge r i at r i c s / Lo w V i s i on

Primo teaches first-year ophthalmology residents the

39. Boston Medical Center, Geriatric Service 88 E. Newton St., Boston 40. Elder Service Plan of the North Shore - Friend St. 37 Friend St., Lynn 41. Elder Service Plan of the North Shore - Buffum St. 9 Buffum St., Lynn 42. Elder Service Plan of the North Shore - Market St. 62 Market St., Lynn 43. Elder Service Plan of the North Shore - Cummings 100 Cummings Center, Beverley 44. Elder Service Plan of Harbor Health 2216 Dorchester Ave., Dorchester 45. Upham’s Elder Service Plan - Savin Hill 1140 Dorchester Ave., Dorchester 46. Upham’s Elder Service Plan - Dudley Square 36 Dearborn St., Roxbury 47. Boston Housing Authority, Elder Housing 125 Amory St., Jamaica Plain

16

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

17


We acknowledge the generosity of the following individuals, corporations, and foundations:

Annual Fund 2010 We gratefully acknowledge the generosity of our many supporters. The following list reflects gifts made between July 1, 2009 and June 30, 2010. We apologize for any errors or exclusions.

The Foster Namias Legacy Society 2010

The President’s Circle 2010

Members of The Philanthropist’s Society are recognized

The Foster Namias Legacy Society honors individuals who

The President’s Circle recognizes alumni and friends whose gifts to the 2010 Annual Fund totaled $1,000 or more. Members

for their cumulative giving to the New England College

have remembered the New England College of Optometry

of this prestigious group are among the College’s most loyal supporters. They are recognized at the following giving levels.

of Optometry and New England Eye. This distinguished

in their estate plans. We recognize this esteemed group of

group has demonstrated their exceptional commitment.

individuals with deep gratitude for their commitment to

We are pleased to express our gratitude for their

the future success of the College.

The Philanthropist’s Society 2010 (Cumulative giving of $50,000 or more)

philanthropic leadership. Visionary

Leader

Arthur Baker, OD ’67

Benjamin Lambert III, OD ’62

($500,000 and greater)

($50,000-$99,999)

Stella Beider*

Dr. Alton W. Lamont

Bausch & Lomb

Anonymous

Larry Clausen, OD

Lester Marcus, OD ’54*

Allergan, Inc.

Carl Doughty, OD ’69

Lester Marcus, OD ’54*

B&R Foundation

Joseph Feldberg, OD ’52

Joseph Molinari, OD ’74

Blue Cross Blue Shield

Gerald Feldman, OD ’50

Andrew Portoghese, OD ’60

of Massachusetts

Marion and Dr. Eugene

Harvey Rappoport, OD ’75

Humanitarian ($250,000-$499,999) Alcon

The Boston Foundation

Stella Beider*

Elizabeth Chen and

CIBA VISION G. Burtt Holmes, OD ’52 Marco Family Foundation

Richard Edmiston Citizens Bank Charitable Foundation

Maurice Saval*

Friends of the Disabled

Vistakon®, Division of Johnson

Gould Family Charitable

& Johnson Vision Care, Inc. Clinton Wilson, OD ’43*

Fischer, ’61*

and Joan C. Lamont

Maurice Saval*

David Helfman, OD ’69

Gilbert Sellars, OD ’60*

Edith Heymans*

Norman Spector

Edith Hochstadt*

Melvin Stack, OD ’53

G. Burtt Holmes, OD ’52

Timothy Tolford, OD ’79

Arnold Katz, OD ’50

William Tolford, OD ’55*

Foundation Edith Hochstadt* Juvenile Diabetes Research

Benefactor

Foundation

($100,000-$249,999)

Arnold Katz, OD ’50

American Diabetes Association

Monthe Kofos, OD ’43*

Edith Heymans*

Donald Korb, OD ‘57

Ludcke Foundation

and Joan Exford, OD

Polymer Technology

Christine and Steven P. Manfredi

Carl & Ruth Shapiro Family

Joseph Molinari, OD ’74

Foundation State Street Foundation

Ruby ($50,000-$99,999) Melvin Stack, OD ’53 Emerald ($25,000-$49,999) Alcon Citizens Bank Charitable Foundation Ludcke Foundation Christine and Steven P. Manfredi OneSight Research Foundation Carl and Ruth Shapiro Family Foundation Platinum ($10,000-$24,999) Boston Center for Blind Children Community Foundation of Collier County Essilor of America Robert Hormats Donald Korb, OD ’57 and Joan Exford, OD Marco Family Foundation Edward Schwartzberg, OD ’69 Drs. Mary and Clifford Scott ’68 Rhoda Stone Gold ($5,000-$9,999) Allergan, Inc. BJ’s Charitable Foundation Blue Cross Blue Shield of Massachusetts Kristen Griebel, OD ’97 HOYA Vision Care Neighborhood Health Plan Partners HealthCare Tufts Health Plan Foundation Vistakon®, Division of Johnson & Johnson Vision Care, Inc. Walmart

Melvin Stack, OD ’53 William Tolford, OD ’55*

The Whitaker Foundation Vision Service Plan

Silver ($2,500-$4,999) AHB & Associates Jane E. Fisher O’Neill, Athy & Casey, PC Norman C. Spector, JD Theodore N. Voss Bronze ($1,000-$2,499) Anonymous Simon Bagdigian, OD ’53 Bausch & Lomb Linda Bennett, OD ’80 Randolph Brooks, OD ’77 Nancy Broude Burns & Levinson LLP James Casazza, OD ’71 A. Robert Child, OD ’78 Terry Chin, OD ’76 Michael Cohn, OD ’77 James Comerford, OD ’78 CooperVision, Inc. Francis DiMella Joseph Donatelle, OD ’61 Elizabeth Edgell Matthew Elgart, OD ’66 Paul Elliott, OD ’85 Denise and Elias Farrah Stephen Feltus, OD ’72 Ronald Ferrucci, OD ’74 Barry Fisch, OD ’71 Edward Fitch, OD Jody Fleit Micki Flynn, OD ’03 Robert Gordon Michael Gorman, OD ’62 Howard Greenberg James Haas Heine USA Ltd. David Helfman, OD ’69 Celia Hinrichs, OD ’79 James Hooley

Arthur S. Jankolovits, OD ’70 Reginald Jones, OD ’81 Laura Kain, OD ’97 Barbara Kamens Brian Klinger, OD Lawrence Lupo, OD ’77 Luxottica Group Sylvia and Gerald Marlio Massachusetts League of Community Health Centers Robert Meenan Ronald Millman, OD ’67 Adilson Monteiro George R. Montminy, OD ’69 Charles Mullen, OD ’69 Dennis Pardo, OD ’97, MPH Sebastian Polizzi, OD ’67 James Prince, OD ’57 Alan Rapoport, OD ’86 Joel Rosen Safilo USA, Inc. Jeanette Sewell, OD ’81 Margaret and Peter Sherin Irwin Shwom, OD ’80 Cathy Stern, OD Kenneth Taylor, OD ’77 TruForm Optics, Inc. Frederick Valentine, OD ’76 Waber Fund Hal and Mitzi Witkin Lynn Wittman, OD ’76 Patron ($500-$999) Christopher Agro, OD ’93 Arthur Baker, OD ’67 Elliott Brass, OD ’70 California International Airshow Salinas Elizabeth Chen and Richard Edmiston Yiu-Kin Gary Chu, OD ’95 Patricia Dahill

Dr. and Mrs. James DiResta Sylvio Dupuis, OD and Cecile Dupuis William Dyke, OD ’76 Ralph Eaves, OD ’84 Richard Gallerani, OD ’84 Emily Garrison David Gaudreau, OD ’86 Give with Liberty William Gleason, OD ’74 Alan Gold, OD ’74 Jack Goldstein, OD ’48 Ryan Hargreaves, OD ’97 Harvard Pilgrim Health Care, Inc. Ann Hudson Jonathan Kaplan, OD ’90 Catherine Kennedy, OD ’78 Lasik Plus Richard Laudon, OD ’75 Ernest Loewenstein, OD ’77, PhD Anne Lynch Brian Lynch, OD ’81 Norman MacLeod, Jr. Caroline Marten-Ellis, OD ’78, MD Barbara McGinley David Mills, OD ’80 Frederick Moffa, OD ’95 Bruce Moore, OD ’75 Northeast Congress of Optometry Fund Mark O’Donoghue, OD ’82 David E. Palozej, OD ’86 Robert Parks, OD ’84 Peter Pegolo, OD ’96 Beverly and Paul Peterson Emily Pratt, OD ’07 Kathleen Prucnal, OD Anthony Regonini, OD ’78 Susan Rodgin, OD ’84 Frances Rucker, PhD Donald Salmanson, OD ’46 Herbert Shuer, OD ’73 William Trinh, OD ’03

(*) Indicates that the donor is deceased.

18

ANNUAL R E P OR T 2010

ANNUAL REPORT 2010

19


Vision Service Plan Robert Webster Paul White, OD ’61 Roger Wilson, OD ’80 Pano Yeracaris, MD Friend ($250-$499) Laura Avakian Kayla Baker, OD ’03 Susan Baylus, OD ’89 Douglas Benoit, OD ’83 Joan Broude Kristen Brown, OD Stephen Byrnes, OD ’77 Nancy Carlson, OD ’77 Fran Lipson and Jack Carroll Jason Chin, OD ’04 John Corvese, OD ’82 Marguerite Cote, OD ’83 Richard Crinigan, OD ’60 R. Craig Evans, OD ’85 Murray Fingeret, OD ’76 Peter Fleming Michael Flynn Kevin Gasiorowski, OD ’90 Edward Goldberg, OD ’70 Steven Goldstein, OD ’83 Tammy Gray, OD ’06 Randy Grover, OD ’94 Rodney Gutner, OD ’73 Amanda Hale, OD ’04 Maureen Hanley, OD ’81 Douglas Hoffman, OD ’80 Kevin Hoye, OD ’99 Gary Kain, OD ’74 Jennifer Kaldenberg Paul Kantrowich, OD ’74 Neil Kemp, OD ’95 Elliot Kirstein, OD ’76 David A. Klibanoff, OD ’76 Lawrence Kline, OD ’67 Terrence Knisley, OD Rosanne LaBollita Shelia Lawler Cynthia Macdonald Hope Marandola, OD ’92 Martin Mark, OD ’66 Glen McCormack, OD Janis Mertz, OD ’82 David Momnie, OD ’74 Mr. and Mrs. Russell Moreau Yee Moy Satpal Multani, OD ’94 20

ANNUAL R E P OR T 2010

Paul Murray, OD ’82 Sandra Payton, OD ’08 Calvin Perry, OD ’65 Michael Phillips, OD ’79 Richard Price, OD ’03 Raytheon Jane Shanahan and Peter Robart Gerard Roubichou Madeline Sanabria Neil Schram, OD ’71 Lisa and Richard Setian Hayes Sogoloff, OD ’70 Jeffrey Sonsino, OD ’01 William Tanzer, OD ’79 Teague Training Group Ethelanne Trent Terry Walton, OD ’71 Timothy Wilson Andrew Zodikoff, OD ’86 Sponsors ($25-$249) Anonymous Yves J. Alloucherie, OD ’79 Myron Allukian Jr., DDS, MPH American Metalcraft Company, Inc. Benay Ames Eric Hall Anderson Phyllis Andrejko, OD ’97 Wieslawa Andros-Andrzejewska, OD ’92 Daniel Appleton, OD ’69 John Archibald, OD ’66 Yeshayahu Artsy Jerry Baker, OD ’73 Marla Barker Mr. and Mrs. Walter Barnes David Baron, OD ’89 Marvin Baum, OD ’64 Alan Beaulieu, OD ’89 Catherine Berce Andrew Berger, OD ’96 George Bertherman, OD ’93 Ryan Beyer, OD ’05 James Bick John Biestek, OD ’82 Peter Bird, OD ’92 Joseph Bistricer, OD ’80 Isreal Bloomfield, OD ’52 Alison Boda, OD ’03 Henry Boroyan, OD ’69 Salvatore Bosco Lynn Brandes, OD ’87 Russell Broude

Bruce Bunker, OD ’79 Gail Buschmann Linda Cameron, OD ’97 Magdalen Cantwell Kimberly Carleton Amy Carlyle, OD ’97 Mary Carter Ronald Cedrone, OD ’78 Lavinia Chase Kevin Chauvette, OD ’89 Claudia Chavez, OD ’02 Donald Chen Mili Chitalia, OD ’05 Paul and Shirley Chorney Kenneth Ciuffreda, OD ’73 Kristin Tallman Colden, OD ’93 Linda Cole Nancy Coletta, OD College of Optometrists in Vision Development John Comstock Robert Connors, OD ’81 Leonard Contardo, OD ’80 Arthur Corvese, OD ’81 Thomas Corwin, OD ’93 Janis Cotter, OD ’85 Peter Cottone, OD ’71 Michael Cozzetta, OD ’87 John Curran Eileen Curtin, OD ’92 Charles Cyr, OD ’86 Richard Dahill Tina Dahill Edouard Dalexis Elise D’Amiano, OD ’91 Mildred Daniel Edgar Davis Janice Davis Brenda DeForrest, OD ’90 Chine de Jenga, OD ’90 Frank DiChiara, OD Nathan Doble, PhD and Stacey S. Choi, OD, PhD Han Dong, OD ’69 Robert Doty, OD ’75 Nina Nghi Doyle, OD ’03 Alma Dugas Sharon Eagan, OD ’87 Karon and Christopher Easton Heather Stone Edmonds George Ehlert, OD ’67 Meredith Emery Beatrice and Stephen Erdely Peter Eudenbach, OD ’55

Claudia Evans, OD ’74 Peter Everett, OD ’84 EZ Landscaping James Fantazian, OD ’62 Taline Farra, OD Kathy Faulk Derek Feifke, OD ’90 Shuellen Ferreira Chester Fichandler, OD ’73 Richard Finkel John Flaherty, OD ’48 Irving Fradkin, OD ’43 Raymond Franzone, OD ’82 Philip Friedman, OD ’62 Eva Fung, OD ’03 Mr. Gary Fung Harriett Gadson John Gaetani, OD ’89 Gary Galante, OD ’84 Stewart Galeucia, OD ’82 C. Farrell Gallaway, OD ’49 Mary Ellen Gallick, OD ’85 Ginny Galpin Gustavo Garmizo, OD ’82 Jo Ann Gershaw Robert Geula, OD ’74 Leon Ginsburg, OD ’49 Leonard Gittler, OD ’56 Alan Glickman, OD ’86 E. Albert Glickman, OD ’42 Edward Godnig, OD ’76 Bruce Goldin, OD ’78 Catherine Grant Marcia Kay Green, OD ’74 Morton Green, OD ’39 Rhonda Greifinger, OD ’80 Charles Griffen, OD ’83 E. Robert Grossman, OD ’64 Viktoriya Gutkevich, OD ’02 Anne Marie Hall, OD ’89 Stephen Harrell, OD ’88 Mark Harris, OD ’94 Ji He Amy Hebert, OD ’00 James Hendrix Marie Hill Hilda Hite, OD ’01 Judy and Peter Holden Emil Horowitz, OD ’77 Lee Hunsaker Barry Jacobs, MD Jeanette Jezick, OD ’93 Catherine Johnson, OD ’06 Ian Jones, OD ’97

John Joyce Suzi Kahn Cheryl Kane-Robson, OD ’80 Robert Kanter Tracy Kelley Steven Koevary, PhD Leslie Koo, OD ’89 Neil Kozol, OD ’81 Lisa Kralian, OD ’85 Arthur Kravitz, OD ’91 Jeffrey Kublin, OD ’83 Patricia Kus Marielle Kwon, OD ’95 Cheryl Landry, OD ’85 Patti Landry, OD ’83 Mark Lappin Steven Lary, OD ’82 Susan Leader, OD ’89 John Leary, OD ’49 Jill and William Leisman Lee Lerner, OD ’89 Wayne Levasseur, OD ’80 Ralph Levoy, OD ’72 Alan Lewis, OD ’65 Joyce Libby Steven Liberfarb, OD ’78 Libretto, Inc. Joy Lin Lois and Myles Lopatin Barbara Lottero James Luccio, OD ’75 Sivhour Ly, OD ’08 Grace Lytle, OD ’08 Kelly MacDonald, OD ’01 John MacKenzie, OD ’69 Sharon Magill, OD ’96 David Magnus, OD ’81 Naheed K. Malik, OD ’01 Tracey Mangham Eleanor Mann Chester Marcus Steven Markow, OD ’81 Derek Maroun, OD ’98 Mary Martin Barbara Cox Masiello, OD ’02 Susan Matteson Roger McCarthy, OD ’63 Eileen McGill, OD ’78 Joanne McIntosh John McIntyre, OD ’84 Thomas Meaker, OD ’73 Anthony Messa, OD ’86 Nicole Metzger David Mitchell, OD ’86

Stephen Morris, OD ’81 Peter F. Morse, OD ’79 Harvey Moscot, OD ’86 Anne Moskowitz, OD ’93, PhD Amy Roan Moy, OD ’03 Milly Mui, OD ’09 Salvatore Musumeci, OD ’87 William Myers, OD ’52 Michael Newman, OD ’67 Debora Nickla, PhD Neal Nyman, OD ’72 Christine and Thomas O’Brien Rosemary Oreskovich, OD ’86 Mr. and Mrs. Gerard Ouellette Regina Panzone, OD ’90 Sydney Parlow John Paskowski, OD ’88 Adolfo Patron Eliezer Peli, OD ’83 Linda Pham Patrick Phelan, OD ’72 Robert M. Pine, OD ’82 Mary and William Pitochelli Donald Plum, OD ’71 Cozette Poirier Jasmin Popplewell Walter Potaznick, OD ’76 Joanne and Roger Pothier Amy Pruszenski, OD ’93 David Quartz, OD ’83 Nicole Quinn, OD ’01 Galina Rabkin, OD ’03 Haskell Rapoport, OD ’49 Rosemary Redmond, OD ’91 David Reed, OD ’68 Gina Reiners, OD ’09 Jack Richman, OD Richmond Products, Inc. Roblin Insurance Agency Inc. Richard Rock, OD ’71 Frederic Rose, OD ’64 Jeffrey Rose, OD ’73 Robert Rosenstein, OD ’74 Richard Rosenthal, OD ’71 Peter Rosenwald, OD ’71 Xin Ruan, OD ’05 Carol Rubel Rostislav Ryvkin, OD ’02 Dana Salgado, OD ’04 Steven Santos, OD ’89 Steven Saramanidis, OD ’68 Perry Savoy, OD ’42 Judith Schaffer, OD ’93 Stephanie Schultz, OD ’07

Ellen and Gregory Scott Robert Sekuler, PhD Arnelda Shapiro, OD ’43* Arnold Shapiro, OD ’72 Robert Sherrin, OD ’77 Robert Shulman, OD ’57 Alan Siegel, OD ’74 William Sleight, OD ’82 Richard Small Harrison Smiley, OD ’68 David Smith, OD ’67 Richard Snow, OD ’49 David Soll, OD ’76 Sally Dang Soltes, OD ’94 Cynthia Soper Mr. and Mrs. Philip Spiro William St. Vincent, OD ’81 Mark Steadman, OD ’86 Alicja Stoeger, OD ’78 Teresa Stone, OD ’95 Diana and David Sullivan Michael Sullivan, OD ’90 Cholappadi Sundar-Raj, OD ’86 Philip Sutherland, OD ’86 Mr. and Mrs. Patrick Swanick Lizabeth and Jeffrey Swift Joseph Taddonio, OD ’76 Jiaqi Tao Keith Taylor, OD ’81 Kristie Teets, OD ’04 Jennifer Teti April Thacker-Salvador, OD ’04 Komal Thakore, OD ’06 Lina Tollis Ruth Trachimowicz, OD ’87 Mark Traveis, OD ’93 Edward Tsang Tucker, Heifetz, & Saltzman Jennifer Turcott, OD ’94 Michael Tusino Glenda Underwood Peter Violette, OD ’86 Visiting Nurse Association David Vito, OD ’73 MingJun Wang, OD ’00 Brian Weber, OD ’86 Matt Weinstock Erik Weissberg, OD ’97 Bertram Widder, OD ’55 Denise Wilcox, OD ’85 Robert Wilcox, OD ’86 James Williams, OD ’77 Laureen Williams Sara and Marc Winer

Lindsey Wong Winston Yao, OD ’99 David Yorra, OD ’47 Beverly Young, OD ’88 Mr. and Mrs. Paul Young Supporter (<$25) Ina Carducci Kai-May Chen, OD ’03 Valeria Gauthier Stanley Koehler, OD ’78 John McGinty Willa Rapp Mindy Roseman Daniel Sirkin In-Kind ABB Concise Alcon Art Optical Contact Lens Inc. Laura Avakian Bausch & Lomb Blanchard Contact Lens Inc. Stephen Byrnes, OD ’77 Contamac US, Inc. Joseph Feldberg, OD ’52 Gangi Printing Robert Gels Gordon’s Fine Wine & Liquors Michael Gorman, OD ’62 Heine USA Ltd. G. Burtt Holmes, OD ’52 Robert Honnors, OD ’63 Dr. Kevin Levine Luxottica Group Marchon Eyewear, Inc. Massachusetts Lions Richmond Products, Inc. Rivkind Kenneth Sydow Teague Training Group Topcon Medical Systems, Inc Vision Service Plan Volk Optical, Inc. Welch Allyn ZEISS Meditec *Deceased

ANNUAL REPORT 2010

21


New England College of Optometry Consolidated Statements of Financial Position

New England College of Optometry Consolidated Statements of Activities

June 30, 2010 and 2009

Years Ended June 30 2010

2009

Assets

2010 Operating revenues

Cash and cash equivalents

768,098  

Tuition and fees

162,641

159,393

Less scholarships and grants

1,087,898  

731,688  

Prepayments and other assets  

389,131

382,111

Contributions receivable, net

219,380  

128,496

7,156,511  

7,144,113  

Investments, at market value

11,135,994  

Property, plant, and equipment, net  

12,835,314

$

Cash on deposit with trustee Accounts receivable, net   

Student loans, net  

Total assets

619,219  

$

33,606,088  

$

14,918,844  

Contributions

444,741  

297,438  

Patient care

3,756,983  

3,039,375  

10,147,092  

Grants and contracts

1,551,129

1,651,410  

13,158,855

Interest income

37,831

34,721

118,022  

174,318

21,622,549  

20,116,107  

Liabilities: 1,174,885

$

15,240,545  

15,713,844  

Tuition and fees, net

Other sources, including auxiliary enterprises

Net assets released from restrictions $

$

(321,701)

Liabilities and Net Assets Accounts payable and accrued expenses

16,134,621   (420,777)

32,619,846

$

$

Total operating revenues

1,122,362

—    

Total operating revenues and net assets released from restrictions

Annuity obligations

154,626  

Interest rate swap, at fair value    

397,291  

153,003

Operating expenses

Lines of credit    

839,716  

529,699

—    

21,622,549

20,116,107  

42,534  

Clinical instruction and patient care

6,831,886  

6,661,363  

Deferred revenue

2,145,634

2,168,660

Instruction

4,642,766

4,455,587  

Bonds payable  

9,235,000  

9,555,000

Research

1,696,417  

1,792,964  

Refundable U.S. government grants

6,387,447

6,226,219  

Academic support

1,450,516  

1,309,409  

19,797,477  

Student services

1,279,575

1,230,164  

Institutional support

5,882,660  

5,190,883  

Auxiliary enterprises

153,808  

161,493  

21,937,628  

20,801,863  

(315,079)

(685,756)

Investment return

1,138,141

(1,936,779)

Change in value of annuity obligations

(137,862)

Change in value of life income funds

8,188

Total liabilities

20,334,600  

Net assets: Unrestricted  

7,422,738  

7,445,427

Temporarily restricted  

3,708,111  

3,341,202

Permanently restricted  

2,140,639

2,035,740

Total net assets

Total liabilities and net assets

13,271,488   $

33,606,088

12,822,369 $

32,619,846

Total operating expenses Change in net assets from operating activities Non-operating activities

— (43,887)

(153,003)

Reclassification of net assets

—    

Net assets as of beginning of year Net assets as of end of year

ANNUAL R E P OR T 2010

Change in fair value of interest rate swap (244,269)

Change in net assets

22

2009

$

449,119

(2,819,425)

12,822,369  

15,641,795  

13,271,488

$

12,822,370

ANNUAL REPORT 2010

23


New England College of Optometry 2010-2011 Board of Trustees

Corporators

Steven P. Manfredi, Chair

William R. Baldwin, OD,

Ronald R. Ferrucci, OD ’74, Vice-Chair Clifford Scott, OD ’68, MPH,

Credits: Design Dickinson | Writing / Editorial Libretto | Photography Rodney Gutner and Richard Dickinson

President

PhD, LHD Linda Bennett, OD ’80 Lester M. Brackley, OD ’68 Edward L. Burke, JD

Myron Allukian Jr., DDS, MPH

David J. Caban, OD ’77

A. Robert Child, OD ’78

Con Chapman, JD

Francis L. DiMella, AIA

Charles Clark

Joan M. Exford, OD

Michael Cohn, OD ’77

Howard Greenberg

Howard Coleman, OD ’57

James Hooley, MSW

Matthew Elgart, OD ’66

Ann Hudson, CPA

David Ferris, OD ’66, LHD

James Hunt Jr., MUA, CAE, LHD

Elmer Freeman

Stephen N. Kirnon, MBA, EdD

Philip E. Friedman, OD ’62

Brian S. Klinger, OD, FAAO

Elaine S. Garrett

Colin L. Leitch, MDiv

Carl F. Gruning, OD ’66

Kelly MacDonald, OD ’01

Donald Higgins, OD ’82

Annie McGuire

Celia Anne Hinrichs, OD ’79

Robert Meenan, MD, MPH, MBA

Robert H. Honnors, OD ’63

Joel B. Rosen, MBA

Barbara Kamens

Robert W. Sekuler, PhD

Farooq Khan, OD ’02

Richard N. Small, CPA

Senator Benjamin Lambert

Norman C. Spector, JD

III, OD ’62

Jiaqi Tao, MSc

Cynthia P. Macdonald, JD

Pano Yeracaris, MD, MPH

Norman A. MacLeod, LHD David Miller, MD

Emeritus Members Joseph J.F. Bickford, OD ’65 Lester M. Brackley, OD ’68 G. Burtt Holmes, OD ’52, LHD Adelbert Parrot, OD ’34* Paul Taylor, OD ’55 *

Robert Miller, CFE, CPA Joseph F. Molinari, OD ’74, MEd Joseph F. Osmanski, OD ’74 Gerard Phelan David A.V. Reynolds, DPH Fernando Hidalgo Santa Cruz, OD ’87 Ronald J. Serra, OD ’70 Thomas M. Sheehan, OD ’64 Solomon K. Slobins, OD ’50 John A. Stefanini, JD Jennifer Stewart, OD ’07 Irwin B. Suchoff, OD ’59, DOS Michael R. Taylor, MEd Thomas Terry, OD ’75 Timothy W. Tolford, OD ’79 Alison Bibbins Ward * Deceased


424 Beacon Street | Boston, Massachusetts 02115 | 617.587.5647 | www.neco.edu

2010 NECO Annual Report  
2010 NECO Annual Report