Massachusetts · Nonprofit
THE NEW ENGLAND COLLEGE OF OPTOMETRY
THE NEW ENGLAND COLLEGE OF OPTOMETRY (Massachusetts) receives grants from 18 organizations whose IRS filings report $1,488,996 to it, the largest being NORTHEASTERN UNIVERSITY ($366,094). 14 of them have funded it in more than one year.
- Revenue FY2025
- $32M
- Funders on record
- 18
- Grants received
- $1.5M
- Net assets
- $84M
What The New England College of Optometry does
Mission
See schedule othe mission of new england college of optometry is to change the way people see the world.we do so by:- integrating innovative education with early and diverse clinical experiences to prepare today's optometrists for tomorrow's optometry.- advancing the frontiers of optometric knowledge through evidence-based research and then applying this knowledge to improve patients' lives worldwide.- cultivating compassionate care of the highest level of proficiency, integrity, and professionalism; influencing public policy; expanding access to comprehensive and specialty optometric services; and emphasizing a sensitivity to the health and social welfare of diverse communities.
As stated on its FY2025 Form 990.
Programs
Optometric education (didactic instruction and clinical training) - The New England College of Optometry is an independent graduate school that educates students to become outstanding doctors of optometry who exemplify professionalism and compassion in the communities in which they serve. The curriculum optimizes the synergistic relationship between the didactic and clinical experience, utilizing both traditional and innovative pedagogical practices to ensure a learning experience that is student-centered and engaging, and reflective of the evolving landscape of eye care, healthcare, and healthcare policy. 538 students were enrolled during the year ended 06/30/2025.
$17,310,448 spentof which $1,586,234 as grants$26,512,135 earned by the program92% of program spendingResearch - the college advances the frontiers of optometric knowledge and translates that knowledge to improve patients' lives worldwide by reducing vision loss and transforming the delivery of eye care. Neco maintains an international reputation in clinically relevant areas of research including myopia, pediatric, low vision rehabilitation, and vision science. Faculty actively engage in research supported by the nih, other federal agencies, foundations, and industry partners, while mentoring graduate and professional students who participate in these projects. In fy2025 the college received revenue from 21 grants and contracts, 9 of which were sponsored by u.s. Department of health and human services.
$1,249,225 spent$775,439 earned by the program7% of program spendingInternational programs - The New England College of Optometry is committed to the development of partnerships and educational programs that advance the quality of vision and eye care globally through partnerships and sponsorships with colleges and universities in europe, asia and the middle east. Neco faculty have played a key role in extending optometric education to other countries, including china, israel, and spain in fy2025.
$218,847 spentof which $38,795 as grants$39,150 earned by the program1% of program spendingContinuing professional education - the college provides patient-centered, clinically relevant education to support lifelong learning for optometrists.
$28,891 spent$40,838 earned by the program0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $18,807,411.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $64M to $76M (+19%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 1% · 2020 1% · 2021 2% · 2022 2% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Peter Maddocks
Exec dir fin operations
Board chair
Richard Heller
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 11 funders, grant income rose $98k → $213k.
6 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE NEW ENGLAND COLLEGE OF OPTOMETRY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE NEW ENGLAND COLLEGE OF OPTOMETRY has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE NEW ENGLAND COLLEGE OF OPTOMETRY.
Largest funder’s share by year: 2017 51% · 2018 45% · 2019 45% · 2020 42% · 2021 59% · 2022 59% · 2023 40% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
45% of THE NEW ENGLAND COLLEGE OF OPTOMETRY's funders are still giving 3 years after their first grant; 78% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
54% of THE NEW ENGLAND COLLEGE OF OPTOMETRY's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $442k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding THE NEW ENGLAND COLLEGE OF OPTOMETRY receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $11.2M on record — $11.0M federal, $142k state.
- Department of Health and Human Services$9.2M
- Department of Education$1.3M
- Department of Defense$500k
- MA$140k
- DE$2k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE NEW ENGLAND COLLEGE OF OPTOMETRY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- New England Eye Institute Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for THE NEW ENGLAND COLLEGE OF OPTOMETRY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE NEW ENGLAND COLLEGE OF OPTOMETRY?
- THE NEW ENGLAND COLLEGE OF OPTOMETRY (Massachusetts) receives grants from 18 organizations whose IRS filings report $1,488,996 to it, the largest being NORTHEASTERN UNIVERSITY ($366,094). 14 of them have funded it in more than one year.
- How many funders does THE NEW ENGLAND COLLEGE OF OPTOMETRY have?
- IRS filings report 18 organizations giving $1,488,996 in grants to THE NEW ENGLAND COLLEGE OF OPTOMETRY, 14 of which have funded it in more than one year.
- Who is the largest funder of THE NEW ENGLAND COLLEGE OF OPTOMETRY?
- NORTHEASTERN UNIVERSITY is the largest funder on record, with $366,094 in grants. The full list of funders is on this page.
- How can an organization like THE NEW ENGLAND COLLEGE OF OPTOMETRY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New England College of Optometry →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing