2016 ANNUAL REPORT - New England College of …...424 BEACON STREET BOSTON, MA 02115 617-266-2030...

2016 ANNUAL REPORT

424 BEACON STREET | BOSTON, MA | 02115 | WWW.NECO.EDU | 617-266-2030

GREAT EXPERIENCES

FORGE GREAT DOCTORSWe’re pleased to introduce our online Annual Report for the New England College of Optometry (NECO). We value your input and hope you will take the time to offer us feed-back and re-connect with our institution. Our success hinges on the dedication of our faculty and staff, the commitment of our Board, and the ongoing support of our alumni and corporate and community partners.

As will become evident throughout this report, NECO is on the move – we are stronger than ever, confident about our fu-ture, alert to our challenges, and resolute in our commitment to give optometry’s future leaders the confidence, knowledge, and critical reasoning skills to practice expertly and thrive in the rapidly evolving world of healthcare.

We believe experience matters. NECO’s location in the center of Boston’s medical community, combined with the most expansive clinical network in the country, creates the optimum environment for educating students about the vital role an optometrist plays as a member of patient-centered healthcare teams. This belief is reflected in our brand prom-ise: Great Experiences Forge Great Doctors.

Our students learn within a vast, clinical network that in-cludes hospitals, community health centers, schools, private practices, elder care sites, the Veterans Administration, a Mobile Van and NECO’s owned and operated clinics. This network was intentionally designed to prepare students of optometry for the complexities of professional practice by immersing them in diverse healthcare settings with patients from different backgrounds. Our students impact hundreds of lives during their time at NECO, reinforcing our belief that the best teachers are often the patients we serve.

OUR YEAR

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Class Profile

CLASS OF 2020In August of 2016, New England College of Optometry welcomed the largest class in our 122-year history. The Class of 2020 is unique for more reasons than its illustrious year of graduation, which turns out to be very apropos given their choice of professions. Although they are a diverse group and come from different backgrounds, they share two common characteristics: they are all from the generation sometimes referred to as millenials, and more importantly, they are all seeking a career in optometry.

In general, competition for any optometry degree program is rigorous and NECO is no exception. In spite of the competitive nature of making application to optometry programs, NECO received more than 800 applications for the class of 2020. Our large class can be attributed to the fact NECO provides an early and diverse and intense clinical experience, is of relatively small size, is a single curriculum institution, and along with the Boston location, are all factors that make coming to NECO very attractive.

Every class has a personality, and the class of 2020 is no exception. Kristen Tobin, Director of Admissions acknowledged that the class of 2020 is highly motivated and academically prepared. She explains, “There is something very special about this class. Throughout the recruitment process, and during their first semester at NECO, I have found the Class of 2020 students to be extremely dedicated, friendly, humble and hard-working. As a whole they bring a sense of positive energy to the College and their passion for optometry and commitment to service is very evident.”

NECO students, and the class of 2020 in particular, have a strong humanitarian commitment. Many first year students have already signed on to work towards a VOSH (Volunteer Optometric Services to Humanity) trip in their third year. Every year, 25 students accompany a faculty member, Bina Patel, OD, and other volunteer optometrists, to an underserved or third world country to provide eye and vision care as part of VOSH trip. To be eligible to go on a VOSH medical mission, NECO students accumulate a certain number of volunteer hours at the College and in the Boston community.

CLASS OF 2020

HIGHIMPACT

A BROAD SPECTRUM

COMMITMENTTO SERVICE

145 STUDENTS

CLASS OF 2020 PLACES OF ORIGIN

819

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Student Spotlight

HANNAH YOON CLASS OF 2020

Hannah Yoon, a Boston College graduate, and a member of the class of 2020 personifies the type of student that is attracted to NECO. Although she spent four years in Chestnut Hill, she chose NECO for the attributes she heard about and witnessed during her interview. She sensed a spirit of compassion at NECO. As a first gener-ation immigrant from South Korea who immigrated to the US in 1998, she was the first in her family to have the opportunity to go to College in the US. She knew that optometry was the right career path for her and that NECO was where she wanted to pursue her dream. Hannah feels the sentiment of teamwork with her classmates.

“WE WORK TOGETHER AND ARE FLEXIBLE, YET GOAL DRIVEN. WE COLLABORATE IN SO MANY WAYS, ALWAYS LEARNING FROM EACH OTHER.”

- HANNAH YOON, CLASS OF 2020

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FACULTY

THOMAS ANDREA, ODASCO Starter Grant Recipient

ELENA Z. BIFFI, OD ’10, MSc, FAAO2016 AOF/Johnson & Johnson Vision Care, Inc. Innovation in Education Grant Recipient

JANE GWIAZDA, PhDNational Advisory Eye Council Appointment at the National Eye Institute (NEI) RICHARD JAMARA, OD ‘80, FAAO2016 AOF/ Frederic Rosemore Low Vision Educational Grant Recipient

CRYSTAL LEWANDOWSKI, OD ‘13ASCO Starter Grant Recipient

STACY LYONS, OD ‘88Dr. Mae Booth-Jones Award for Mentoring and Education Recipient

ALEXIS MALKIN, OD, ‘08, FAAOReaders Digest Partners for Sight Foundation Grant Recipient

BRUCE MOORE, OD ‘75, FAAOJenny Pomeroy Award for Excellence in Vision and Public Health Recipient

DEBRA NICKLA, PhDNational Eye Institute of the National Institutes of Health (NIH) Grant Recipient, research on circadian rhythms

BINA PATEL, OD, FAAO2016 VOSH/ International Humanitarian of the Year Award Recipient

NICOLE ROSS, OD ‘112016 ASCO Rising Star Award Recipient

FUENSANTA VERA-DIAZ, OD, PhDScientific Research Career Development Award Recipient, Amer-ican Academy of Optometry.

LEADERSHIP TEAM

ROBERT DIMARTINO, ODVice President and Dean for Academic Affairs Appointment

TRACI LOGANBoston Business Journal’s 8th annual CFO of the Year program finalist

HONORS, AWARDS & ACCOLADESHighlighting the achievements of NECO’s community of faculty, staff, students, and alumni.

ALUMNI

MARIA DENIETOLIS, OD ‘162016 Johnson & Johnson Vision Care, Inc. Award of Excellence in Contact Lens Recipient LAURA GOLDBERG, OD ‘16Master’s thesis published in the Journal of Vision Research JAMEEL KANJI, OD ‘14, MSTerrance Ingraham Pediatric Optometry Residency Award Recipient RICHARD LONDON, MA, OD ‘78, FAAOVincent Ellerbrock Clinician Educator Award Recipient

CAITLIN MORRISON, OD ‘15Bert C. and Lydia M. Corwin Contact Lens Residency Award Recipient

STUDENTS

TIANA CAMARILLO, OD ‘18VOSH One Student Grant Recipient AVANI DAVE, OD ‘17VSP/AOF Practice Excellence Scholarship Recipient JUAN DING, AODP ‘17Dr. Norman E. Wallis Award for Excellence Recipient, highest score on the National Boards Part 1

MICAELA GOBEILLE, OD ‘182016 J. Pat Cummings Scholarship; Walmart Optometry Schol-arship Recipient

SARA HANNA, OD ‘17VOSH One Student Grant Recipient

MICHAEL MERRITT, OD ‘17VSP/AOF Practice Excellence Scholarship Recipient; Walmart Optometry Scholarship

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Strategic Priorities

CLINICAL CAMPUSIn September 2015, the Board of Trustees approved New England College of Optometry’s 5-year strategic plan (2015-2020).

A key element of our Strategic Plan is the development of NECO’s Clinical Campus on Commonwealth Ave-nue in Boston. Our clinical campus will co-locate our student clinical training facility (the pre-clinic experience) with our Primary and Specialty Patient Clinics, NECO’s Optical Center, as well as Clinical Research focused on improving patients’ lives.

These interconnected activities will be united by our emphasis on stimulating innovation in teaching and learning - helping students make connections between discovery, integration and application to improve patient care; accentuating clinical experiences designed and appropriately timed to allow students to meld knowledge with patient impact; exposing students to new models in eye care delivery; and excellence in practice management.

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SPOTLIGHT

PROFILES IN VISIONOn October 26, 2016, New England College of Optometry welcomed over 250 friends, faculty, alumni, students, staff, and sponsors to celebrate Innovation, Leadership, and Access at our Profiles in Vision 2016 Gala Dinner. The signature fundraising event helps support the College’s patient care low vision rehabilitation programs and other outreach services.

Profiles in Vision has become one of NECO’s marquee events for board members, senior leadership and faculty, current NECO supporters, corporate sponsors, supporters, committee members, health care industry leaders, Boston business community and health center representatives. This year marked the fifth Profiles in Vision event and was held at one of Boston’s premier waterfront locations, the InterContinental Boston.

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New England College of Optometry’s longstanding tradition of serving the community is built into our mission: “Change the way people see the world through optometric education, discovery, and service.” The College is committed to providing leadership, innovation, and access to optometric care to the community. Care is delivered directly in our eye care centers and community health center as well as through our mobile vision clinic. Established in 2010, the mobile clinic travels throughout the state, delivering eye exams, eyeglasses, case management, and low vision rehabilitation services to children and adults directly on-site.

Profiles In Vision 2016 focused on the high impact of low vision services. The evening celebrated the contributions that New England College of Optometry has made in improving access to eye care throughout the Commonwealth, particularly in the area of low vision rehabilitation.

This year, NECO honored Janet LaBreck, who was nominated as Commissioner of Rehabilitation Services Administration (RSA) within the United States Depart-ment of Education, by President Barack Obama. Prior to that appointment, LaBreck served as the Commissioner of the Massachusetts Commission for the Blind, where she organized campaigns that increased access and opportunities for more than 30,000 legally blind Massachusetts residents. Connected to NECO since she was a patient as a child, Commissioner LaBreck is a champion of the College and its clinical outreach efforts. She discussed the tremendous impact that low vision technologies and services can have, noting, “These tools and strategies are used on a day-to-day basis to move people from diagnosis to independent, productive, and, most importantly, contributors to the community.”

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Boston resident and New York Times bestselling author, Ben Mezrich was also a special guest. He shared his experiences in how he came to write two of his bestselling books, “Bring Down the House: The Inside Story of Six M.I.T Students Who Took Vegas for Millions” and “The Accidental Billionaires: The Founding of Facebook: A Tale of Sex, Money, Genius and Betrayal”.

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President Clifford Scott highlighted the College’s reputation and its extraordinary contributions to the Greater Boston area in leadership, innovation and enhancing patient access. He introduced Honorary Committee Co-Chairs John Connors, of Boathouse, Inc. and Jim Hunt, CEO of Massachusetts League of Community Health Centers.

John Connors highlighted NECO’s ongoing approach of integrating innovative optometric education with early and diverse clinical care. He also described how the College’s commitment to leadership and excellence is aligned with an advanced approach in preparing our students to be future leaders in health care and active contributors to their community.

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Jim Hunt offered praise for the work that the College has done over the years in partnership with the Neighborhood Health Centers. Since the 1970s, the College has had a strong relationship with community health centers, been providing comprehensive eye care, including specialty care, at community health centers in the greater Boston area. Today, these clinical affiliations and community partnerships have expanded to include specialty low vision and vision rehabilitation services at Perkins School for the Blind and the Carroll Center, and to residents throughout Massachusetts through the services of our mobile clinic.

The next Profiles In Vision will take place in April, 2018, and will provide another opportunity for NECO to celebrate our commitment to the Boston Community and beyond though our ongoing efforts to improve access to eye and vision care.

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PROFILES IN VISION HONORARY COMMITTEE

Co-ChairsJohn Connors, Boathouse, Inc.Jim Hunt, Massachusetts League of Community Health CentersClifford Scott, President, New England College of Optometry

Committee MembersJohn Butterworth, CBRE New EnglandKristen K. Griebel, OD ‘97, New England College of OptometryRichard M. Heller, Esq., Legal Sea FoodsJosh Kraft, Boys & Girls Club BostonJack McHale, Orbis, Thompson AerospaceOz Mondejar, Partners Continuing CarePaul Saner, Massachusetts Commission for the BlindJoseph Zolner, EdD, Harvard Graduate School of Education


Message from the President

CLIFFORD SCOTT, OD ‘68, MPH

It’s hard to believe, but when the Class of 2017’s tech-savvy, always-connected students first came to NECO, the words Über, gender-neutral, Fitbit, and…”Alexa” were not part of their vocabulary. The pace of technological, geopolitical, and social change has been accelerating at breakneck speed and looks to be on course to continuing accelerating throughout the rest of the decade. Many of the assumptions that we previously used to achieve success will become obsolete. In the health care field, value-based will be the watchword for all policy decisions, stimulating debate about balancing value for the patient, value to the provider, and value within the payment system.

Increased access to services through insurance will be counterbalanced by the need to rein in the costs of those services. Delegating responsibilities among professional providers will shift, as team-based care, collaborative communications, and the use of electronic medical records become routine.

Our current first-year students, the Class of 2020 (how cool is that?!) will be practicing in a health care environment that will measured by access, outcomes, and cost-effectiveness. Vision care will be a lot different than what I signed up for five decades ago and even from what is now considered ‘standard-of-care’.

Our students also learn differently than we did. NECO has become a leader in providing education in ways and at locations that meet the needs of this generation. On-demand recorded lectures, team-based projects, facilitated group discussions (including sessions with live patients), simulators for clinical skills demonstration and practice, and online business course simulations are already part of our educational repertoire to create learning opportunities beyond the classroom experience.

Our newly designed clinical campus at Commonwealth Ave. will co-locate all our clinically related activities, including primary patient care, optical dispensing, specialty patient care, electro-diagnostic and other specialized testing, simulation laboratories, clinical research, and clinical procedures training. We will also be piloting models of care that emphasize the use of technology while delegating objective tests and measurements and patient education to technical staff. The goal is to upgrade the doctor’s role to a more appropriate skill level of analysis, diagnosis, and developing management/treatment strategies.

It’s a brave new world – and we want to help shape it.

OUR LEADERSHIP

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Message from the Chair, Board of Trustees

PETER (PANO) YERACARIS, MD, MPH

As pressure mounts to provide better access to high-quality, cost-effective health care, delivery systems in the US and Canada are undergoing major changes. This represents a profound challenge for organizations involved in education and training. Fortunately, excellence and innovation are two elements that characterize New England College of Optometry and we are well prepared as a college for the time ahead. Optometry will be an integral part of team-based care, the most promising model that is evolving. Payment incentives that encourage providers and patients to collaborate and communicate will help to identify and manage conditions in their early stages. As everyone eventually needs vision care, the eye exam will be a regular portal into the health care system.

In addition, many systemic conditions have ocular effects that can be indicators of severity or may in themselves cause impaired vision. Most community health centers include optometry as a basic service to assure that their patients receive full-scope primary care, including the prevention of avoidable vision loss. In the near future, the role of these providers will need to shift from independent practitioners to team members delivering timely and coordinated care. Each patient will have a unique network of a primary care physician, dentist, pharmacist, and optometrist, as well as other demographic- and condition- specific health providers.

NECO has a long history of educating its students in the principles of public health, not only through credited courses and team projects, but also as a theme interwoven into other courses in the curriculum. Its clinical system is unparalleled, immersing students in a wide variety of patient care environments and experiences, ranging from VA hospitals and clinics to community health centers and homeless shelters as well as in many types of private practice. The College’s graduates are well prepared to become successful in the health system of the next decade.

In helping to design optometric practice for the next decade, the College’s clinical leadership is working with the Centers for Medicare and Medicaid Services and UMASS Medical School on analyzing our current practices and determining methods to increase our effectiveness. Our new flagship clinic, the New England College of Optometry Center for Eye Care – Commonwealth, is in its final design. When it opens later this year, it will not only provide state-of-the-art patient care and clinical education, but also will provide a testing platform for innovation in technology and delivery models. We are looking forward to adding this new dimension to NECO’s clinical assets.

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Board of Trustees

NEW ENGLAND COLLEGE OF OPTOMETRY

Board of Trustees

Pano Yeracaris, MD, MPH, Board ChairMyron Allukian, Jr., DDS, MPHCornelius Chapman, Esq.Joan M. Exford, OD, DOSRonald R. Ferrucci, OD ‘74Howard I. GreenbergKristen K. Griebel, OD ‘97Richard M. Heller, Esq.Dorothy Lea Hitchmoth, OD ‘96Andrew W. HoarStephen N. Kirnon, MBA, EdDBrian S. Klinger, OD, FAAOColin L. Leitch, M. DivKelly M. MacDonald, OD ‘01Robert F. Meenan, MD, MPH, MBARachel E. Negris, OD ‘84Joel B. Rosen, MBAClifford A. Scott, OD ‘68, MPH, PresidentRichard N. Small, CPAJoseph P. Zolner, EdD

Emeritus Members

Joseph J.F. Bickford, OD ‘65Lester M. Brackley, OD ‘68Francis L. DiMella, A.I.A.G. Burtt Holmes, OD ‘52Charles F. Mullen, OD ‘69Adelbert O. Parrott, OD ‘34 *Paul Bradley Taylor, OD ‘55 *

Corporators

Lester M. Brackley, OD ‘68David J. Caban, OD ‘77Michael J. Cohn, OD ‘77Howard M. Coleman, OD ‘57Matthew E. Elgart, OD ‘66Elmer Freeman, BS, MSWPhilip E. Friedman, OD ‘62Fernando Hidalgo, OD ‘87Celia Anne Hinrichs, OD ‘79Robert H. Honnors, OD ‘63Barbara D. KamensFarooq A. Khan, OD ‘02Cynthia P. Macdonald, Esq.Jonathan MarcusDavid Miller, MDRobert S. Miller, CPAJoseph F. Molinari, OD ‘74, M.Ed.George R. Montminy, OD ‘69Joseph F. Osmanski, OD ‘74Gerard P. PhelanDavid A.V. Reynolds, DrPH, LHDJohn A. Stefanini, JDIrwin B. Suchoff, OD ‘59, DOSMichael R. Taylor, M.Ed.Thomas F. Terry, OD ‘75

* Deceased

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OUR DONORS

Foster Namias Legacy Society Donor Spotlight

AN INVESTMENT IN NECO’S FUTUREJoseph Feldberg, OD ‘521919 – 2011

“…this is my way (the scholarship fund) of returning some-thing to the school and the community that will live on after me.”

In June of 2016, New England College of Optome-try received the single largest donation of its 122-year history—a bequest from the estate of alumnus Joseph Feldberg, OD, Class of 1952. A member of the Foster Namias Legacy Society since its inception, it was the intention of Dr. Feldberg to give back to the institution that he held in such high regard and that prepared him well for years of successful practice. Dr. Feldberg explained, “I was so happy that I was an optometrist and very proud of it.”

Prior to enrolling in study at the Massachusetts College of Optometry (as it was known at the time), Feldberg received a BS in Zoology from the University of Arkansas, worked on a Master’s Degree at Long Island University, and attended Columbia for one year. He also completed a total of 14 years of military service through the college Air Force ROTC program and the Army Air Corps, achieving the rank of Major. While in the military he served as a bombardier/navigator, flying B-26s during the Solomon Islands campaign in World War II. He flew more than 25 combat missions.

Dr. Feldberg was not a stranger to hard work. He took jobs beginning at the age of 10 during the depression and he worked summers during his college years. Through the creation of the Feldberg Scholarship Fund, he has expressed an expectation that award recipients value the same work ethic he embodied by studying hard and achieving a notable grade point average.

After working in family and individual practice for more than 30 years, Dr. Feldberg retired at the age of 65, feeling that there was great reward in being able to give back after having been successful in his own optometry practices. Perhaps Dr. Feldberg’s philanthropy will inspire NECO alumni as well as future graduates to step forward and provide much-needed assistance to students eager to go forth in the community, serve, and become great optometrists.

The New England College of Optometry is grateful for the generous support and foresight of alumni such as Dr. Feldberg in creating endowed scholarship funds. These funds enable the College to attract the most promising students through the availability of tuition assistance dollars. Every dollar helps with the rising cost of education and the associated expenses of living in the bustling and cosmopolitan city of Boston. Consider the rewards of making your own gift today.

The Dr. Joseph and Judith Ann Feldberg Scholarship Fund will provide significant financial awards to deserv-ing students in their last three years of study at NECO. If you are interested in learning more about becoming a member of the Foster Namias Legacy Society or about creating an endowed NECO scholarship of your own to assist future optometrists in the pursuit of their studies, contact NECO’s Office of Institutional Advancement at 617.587.5585.

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(Cumulative giving of $50,000 or more)

THE PHILANTHROPIST’S SOCIETY

Members of the Philanthropist’s Society are recognized for their cumulative giving to the New England College of Optometry and New England Eye. This distinguished group has demonstrated their exceptional commitment to optometric education and we are pleased to express our gratitude for their philanthropic leadership.

VISIONARY ($500,000 and greater)

Estate of Joseph Feldberg, OD ‘52Bausch & LombLester Marcus, OD ‘54 *Massachusetts Commission for the Blind

HUMANITARIAN ($250,000 - $499,999)

Alcon LaboratoriesStella Beider *CIBA VisionEssilor of America, Inc.The Ludcke FoundationMarco Family FoundationMaurice Saval *Vision Service PlanVistakon, Division of Johnson & Johnson Vision Care, Inc.Clinton Wilson, OD ‘43 *

BENEFACTOR($100,000 - $249,999)

Carl and Ruth Shapiro Family FoundationAllergan, Inc.American Diabetes AssociationEstate of Arthur W. Baker, OD ‘67Bank of America N.A., Trustee of the Perpetual Trust for Charitable GivingBoston Center for Blind ChildrenEdith Heymans *G. Burtt Holmes, OD ‘52Donald R. Korb, OD and Joan M. Exford, ODLuxottica GroupChristine & Steven ManfrediPolymer Technology

Mary Scott, OD ‘68 and Clifford Scott, OD ‘68, MPHState Street FoundationThe Whitaker Foundation

LEADER ($50,000 - $99,999)

AnonymousBlue Cross Blue Shield of MassachusettsB&R FoundationThe Boston FoundationElizabeth Chen and Richard EdmistonCitizens Bank Charitable FoundationFriends of the DisabledGould Family Charitable FoundationKristen K. Griebel, OD ‘97Edith Hochstadt *HOYA Vision CareJuvenile Diabetes Research FoundationArnold Katz, OD ‘50 *Monthe N. Kofos, OD ‘43 *OneSight Research FoundationReader’s Digest Partners for Sight FoundationMelvin Stack, OD ‘53William R. Tolford, OD ‘55 *

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FOSTER NAMIAS LEGACY SOCIETY

The Foster Namias Legacy Society honors individuals who have remembered the New England College of Optometry in their estate plans. We recognize this esteemed group of individuals with deep gratitude for their commitment to the future success of the College.

Arthur W. Baker, OD ‘67 *Stella Beider *Larry R. Clausen, ODPaul A. DeCesare, OD ‘69Carl E. Doughty, OD ‘69Joseph Feldberg, OD ‘52 *Marion and Eugene I. Fischer, OD ‘61 *Kristen K. Griebel, OD ‘97David J. Helfman, OD ‘69Edith Heymans *Dorothy Lea Hitchmoth, OD ‘96Edith Hochstadt *G. Burtt Holmes, OD ‘52Arnold Katz, OD ‘50 *Benjamin J. Lambert, III, OD ‘62 *Joan C. and Alton W. Lamont, OD ‘55Peter Gilbert Lapre, OD ‘88Wendy J. Leslie, OD ‘74Lester Marcus, OD ‘54 *Joseph F. Molinari, OD ‘74Jean T. and Pasquale L. Palomba, OD ‘38*Andrew J. Portoghese, OD ‘60Harvey David Rappoport, OD ‘75Maurice Saval *Norman C. Spector, Esq.Melvin Stack, OD ‘53Timothy W. Tolford, OD ‘79William Ronald Tolford, OD ‘55 *Guang-Ji Wang, OD, MD ‘92Roger J. Wilson, OD ‘80Harry I. Zeltzer, OD ‘52, DOS

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THE PRESIDENT’S CIRCLE

The President’s Circle recognizes alumni and friends whose gifts to the 2016 Annual Appeal totaled $1,000 or more. Members of this group are among the College’s most loyal supporters and are recognized at the following giving levels.

Diamond($100,000 +)

Estate of Joseph Feldberg, OD ‘52

Ruby($50,000 - $99,999)

Massachusetts Commission for the Blind

Emerald($25,000 - $49,999)

Alcon LaboratoriesThe Ludcke FoundationLuxottica Group

Platinum($10,000 - $24,999)

Bank of America N.A., Trustee of the Perpetual Trust for Charitable GivingBoston Center for Blind ChildrenGratis FoundationG. Burtt Holmes, OD ‘52HOYA Vision CareJohnson & Johnson Vision Care, Inc.Mary Scott, OD ‘68 and Clifford Scott, OD ‘68, MPHVision Service Plan

Gold($5,000 - $9,999)

Allergan, Inc.Blue Cross Blue Shield of MA FoundationDonald R. Korb, OD and Joan M. Exford, ODJane E. FisherKristen K. Griebel, OD ‘97Andrew HoarEstate of Benjamin J. Lambert, III, OD ‘62

Kenneth J. Myers, OD ‘74, PhD

Silver($2,500 - $4,999)

Anthony Cavallerano, OD ‘72Edward H. Fitch, ODDavid J. Helfman, OD ‘69Khuong An Nguyen, OD ‘03Howard B. Purcell, OD ‘84Laura Dake Roche, OD ‘85Susan G. Rodgin, OD ‘84

Bronze($1,000 - $2,499)

Bausch & LombEstate of Warren and Stella BeiderLinda Bennett, OD ‘80Kathryn M. Beveridge, OD ‘89Randolph Brooks, OD ‘77David J. Caban, OD ‘77Terry L.N. Chin, OD ‘76Gary Y.K. Chu, OD ‘95, MPHThe Cooper CompaniesJoseph A. D’Amico, OD ‘63Sally H. Dang, OD ‘94Elizabeth DaviesRobert B. DiMartino, OD, MSJoseph R. Donatelle, OD ‘61Eschenbach Optik of America, Inc.Claudia C. Evans, OD ‘74Stephen A. Feltus, OD ‘72Ronald R. Ferrucci, OD ‘74Drs. Richard and Julianne Rapalus Gallerani ‘84Alan R. Gold, OD ‘74Richard M. Heller, Esq.Celia A. Hinrichs, OD ‘79Irwin JacobsDaniel J. Jandreau, OD ‘95Wilhelm Jaremczuk, OD ‘78

Lynette K. Johns, OD ‘04Barbara D. KamensPaul J. Kantrowich, OD ‘74Allen I. Kaplan, OD ‘67Brian S. Klinger, ODMarielle Kwon, OD ‘95Wendy J. Leslie, OD ‘74Alan L. Lewis, OD ‘65, PhDLoretta M. Li, OD ‘82Ernest Loewenstein, OD ‘77Traci A. LoganLawrence Lupo, OD ‘77Kelly M. MacDonald, OD ‘01Jonathan MarcusBarbara McGinleyRobert F. Meenan, MD, MPH, MBADrs. Janis F. Mertz ‘82 and James R. Mertz ‘07John Joseph Mertzlufft, OD ‘87Iris M. Miller ‘11George R. Montminy, OD ‘69National Vision, Inc.Rachel E. Negris, OD ‘84Dennis Pardo, OD ‘97Alan M. Rapoport, OD ‘86Joel B. Rosen, MBARobert N. Rosenstein, OD ‘74Norman C. Spector, JDKenneth Taylor, OD ‘77Keith Taylor, OD ‘81Eleanor TitelbaumClement L. Trempe, MDTruForm Optics, Inc.Young’s Valley Contax, Inc.WalmartWiner Foundation AgencyDr. Mitzi and Mr. Hal WitkinJoseph P. Zolner, EdD

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2016 ANNUAL FUNDWe gratefully acknowledge the generosity of our many supporters. The following list reflects gifts received

between July 1, 2015 and June 30, 2016. We apologize for any inadvertant errors or omissions.(Cumulative giving of $1,000 or more)


ADDITIONAL DONORS

The following group of donors recognizes alumni and friends whose gifts to the 2016 Annual Fund were up to $999. They are recognized at the following giving levels.

Patron ($500 - $999)

James Casazza, OD ‘71John A. Child, OD ‘82Jason Chin, OD ‘04James Comerford, OD ‘78Ralph W. Eaves, OD ‘84Ethis Communications, Inc.Lawrence T. Ginsberg, OD ‘84Paul Heyman, OD ‘66Ruth JoressCatherine A. Kennedy, OD ‘78Neil Kozol, OD ‘81Michele Ann Lagana, OD ‘92Richard E. Lippman, OD ‘68Brian Lynch, OD ‘81Michael S. McAvoy, OD ‘84Eileen C. McGill, OD ‘78Andrew D.L. McLeod, OD ‘06Frederick Moffa, OD ‘95Michael Newman, OD ‘67Northeast Congress of OptometryEugene T. O’Leary, OD ‘79John J. Pietrantonio, OD ‘80Rajini Seevaratnam, OD ‘15Jeanette M. Sewell, OD ‘81Shapiro/Fleishman FundCathy Stern, ODPhilip L. Sutherland, OD ‘86Frederick Valentine, OD ‘76Winston W. Yao, OD ‘99Pano Yeracaris, MD, MPHHarry I. Zeltzer, OD ‘52, DOS

Friend ($250 - $499)

Joseph W. Alger, OD ‘57Phyllis Andrejko, OD ‘97Diane M. AramonySally Austin-Fitzpatrick, OD ‘82James M. Aylward, OD ‘85Douglas P. Benoit, OD ‘83

Nancy Broude, EdMMark CataudellaCornelius ‘Con’ Chapman, JDMaria EluszkiewiczMichael FlynnDavid B. Gaudreau, OD ‘86Edward Goldberg, OD ‘70Tammy Gray, OD ‘06Howard (Hank) GreenbergTina HallMaureen Hanley, OD ‘81Elise Noel Harb, OD ‘04Dorothy L. Hitchmoth, OD ‘96Anthony W. Iraca, OD ‘88Garry S. Kain, OD ‘74Stephen N. Kirnon, MBA, EdDSteven Koevary, PhDShelia LawlerColin L. Leitch, MDivNorma A. MacLeodJean M. Martori-CramGlen L. McCormack, ODSalvatore Musumeci, OD ‘87Mutual of America FoundationMark W. O’Donoghue, OD ‘82Robert Parks, OD ‘84Eliezer Peli, MSc, OD ‘83Patrick F. Phelan, OD ‘72Walter Potaznick, OD ‘76Kathleen Prucnal, ODNicole Quinn, OD ‘01Nicole C. Ross, OD ‘11Steven Santos, OD ‘89Steven Saramanidis, OD, ‘68Susanne L ShaysHenry W. Stevens, OD ‘74Margery WarrenErik Weissberg, OD ‘97Yuhui Zhu, OD ‘12

Sponsor (up to $249)

John Mark Abbondanza, OD ‘88Myron Allukian, Jr., DDS, MPHVitelio AlmeydaArthur W. Baker, OD ‘67 *Kayla B. Baker, OD ‘03Virginia Q. BanksDavid Baron, OD ‘89Marvin G. Baum, OD ‘64Andrew L. Berger, OD ‘96George D. Bertherman, OD ‘93Michael D. Billig, OD ‘83Joseph Y. Bistricer, OD ‘80Drs. Paul Zerbinopoulos & Pamela L. Blodgett ‘88Jessica BonitatibusTimothy J. Bossie, OD ‘12James Bourgeois, OD ‘82Robert A. Buck, OD ‘91Ina CarducciCherelle ChalCeida Chan, ODSarah Kit-Yee Cheng, OD ‘13A. Robert Child, Jr., OD ‘78Kenneth J. Ciuffreda, OD ‘73Taylor ClelandLinda ColeNancy Coletta, ODRobert A. Connors, OD ‘81Donald Costello, OD ‘95Donald H. Czelusniak, OD ‘66Patricia DahillRichard A. Dahill and Tina San-ford DahillJudith R. Darrow, OD ‘90David R. De Ruosi, OD ‘87Aurora Liberace Denial, OD ‘84Mark S. Deresienski, OD ‘75Robert J. Doty, Jr., OD ‘75Tom DuchardtKyla M. Duchin, OD ‘08

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Heather Stone EdmondsGeorge J. Ehlert, OD ‘67Peter T. Eudenbach, OD ‘55R. Craig Evans, OD ‘85Xiaomin Fang, OD ‘12James H. Fantazian, OD ‘62Ben Feingold ThorynChester S. Fichandler, OD ‘73John R. Flaherty, OD ‘48Irving Fradkin, OD ‘43 *Philip E. Friedman, OD, ‘62Stuart A. Friedman, OD ‘81Harriett GadsonGary A. Galante, OD ‘84Mary Ellen Gallick Simmons, OD ‘85Roland E. Gaudette, OD ‘59Steven A. Goldstein, OD ‘83Ana Marie Gomes, OD ‘90Lucinda A. GouldCatherine GrantMarcia K. Green, OD ‘74Charles Griffen, OD ‘83Alan Grossman, OD ‘68E. Robert Grossman, OD ‘64Randy Grover, OD ‘94David L. Guiseley, OD ‘87Weiqun Guo, OD ‘09Kerry Ann Hile, ODMarie HillJulie E. Hiura, OD ‘12Ingrid HoogendoornMarek JacisinJeanette Jezick, OD ‘93Jonathon H. Jimmerson, OD ‘12Tracy KelleyE. Bruce Kirn, OD ‘66Lisa M. Kralian, OD, ‘85Michael Lakher, OD, PhDPeter Gilbert Lapre, OD ‘88Steven Lary, OD ‘82Ha Tien Thi Le, OD ‘12Kenneth S. Lee, OD ‘91Mark A. Leipert, OD ‘00Wayne M. Levasseur, OD ‘80Phyllis A. Liu, ODMyles and Lois LopatinJeremy LoweJill LundDavid E. Magnus, OD ‘81

Jenny K. Mai, OD ‘02Alexis Malkin, OD ‘08Martin Mark, OD ‘66John McGintyGordon McMurdo, OD ‘54Megan McPhail, ODBarbara MeltzerJeffrey S. MeltzerKellie Mendenhall-CuadradoEllen MierzewskiDavid Miller, MDPaul MillsJohn C. Minardi, OD ‘85Peter F. Morse, OD ‘79Anne Moskowitz, OD ‘93Nicholas V. Motto, OD ‘02Milly Mui, OD ‘09William M. Myers, OD ‘52Tecleab G. NeguseDebora NicklaJohn R. Paskowski, OD ‘88Deborah PicardBrian J. Pietrantonio, OD ‘11Donald Plum, OD ‘71Susan A. Primo, OD ‘85, MPHDavid Rearwin, ODAnthony Regonini, OD ‘78Tal ReichertCheryl K. Robson, OD ‘80Jeffrey Rose, OD ‘73Gitta Rott, OD ‘87Camille B. RuanCarol RubelHector Santiago, OD, PhDNeil I. Schram, OD ‘71Margot S. Seligman, OD ‘85Ronald J. Serra, OD ‘70Mirage Shah, OD ‘12Arnold Shapiro, OD ‘72Robert H. Sherrin, OD ‘77Michael A. Simeone, OD ‘82L. Mark SlawsonWilliam E. Sleight, OD ‘82Richard N. Small, CPAHarrison T. Smiley, OD ‘68Robert A. Smith, OD ‘72Elaine R. SokoloffPaul L. Sonenblum, OD ‘03Irwin B. Suchoff, OD ‘59, DOS

Emily SummersIrving J. Tanzman, OD ‘66Paulette D. TattersallKristie Teets, OD ‘04Denise A. Thomas-Wilcox, OD, PhD ‘85James Toop, OD ‘84, PhDGlenda UnderwoodDavid G. Vanderloop, OD ‘04Brian W. Wadman, OD ‘85Qiaoqiao Wang, OD ‘13Min Xu, OD ‘12Beverly Young, OD ‘88Minsheng Yuan, OD ‘14Mr. and Mrs. Peter Zaksheski

In Kind

Drs. Michael J. Cohn ’77 and Suzanne LuCash Cohn ’79

* Deceased

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OUR FINANCIALS

2016 2015AssetsCash and cash equivalents $ 9,711,713 $ 7,805,753Accounts receivable, net 718,639 765,048Prepayments and other assets 637,434 698,921Contributions receivable, net 61,289 260,393Student loans, net 8,746,249 8,780,110Investments 16,852,301 15,297,74Property, plant and equipment, net 10,265,624 10,841,836Total Assets $ 46,993,249 $ 44,449,806

CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONJune 30, 2016 and 2015

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Liabilities and Net Assets Liabilities Accounts payable and accrued expenses $ 1,250,704 $ 1,900,291Annuity obligations 63,362 84,175Deferred revenue 2,679,561 2,960,568Bonds payable 6,790,000 7,215,000Refundable U.S. government grants 7,732,837 7,564,558Total liabilities $ 18,516,464 $ 19,724,592

Net assets Unrestricted 19,286,916 16,740,600Temporarily restricted 5,376,833 5,736,727Permanently restricted 3,813,036 2,247,887Total net assets $ 28,476,785 $ 24,725,214Total liabilities and net assets $ 46,993,249 $ 44,449,806


CONSOLIDATED STATEMENTS OF ACTIVITIESYear Ended June 30, 2016 (with comparative totals for 2015)

Unrestricted Temporarily Restricted

Permanently Restricted

2016 Total 2015 Total

Operating revenues

Tuition and fees $ 20,901,866 - - $ 20,901,866 $ 20,796,025Less scholarships and grants (534,287) - - (534,287) (528,783)Tuition and fees, net 20,367,579 - - 20,367,579 20,267,242

Contributions and bequests 221,682 36,386 1,565,149 1,823,217 310,383Patient care 2,819,388 - - 2,819,388 2,786,085Professional service agreements 1,698,629 - - 1,698,629 1,657,902Grants and contracts 1,201,275 - - 1,201,275 1,147,485Interest income 48,776 - - 48,776 32,021Other sources 79,142 - - 79,142 57,041

Auxiliary enterprises 122,094 - - 122,094 125,880Total operating revenues 26,558,565 36,386 1,565,149 28,160,100 26,384,039

Net assets released from restrictions 361,249 (59,869) - 301,380 -Total operating revenues and net assets released from restrictions

$ 26,919,814 (23,483) $ 1,565,149 $ 28,461,480 $ 26,384,039

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Non-operating activities

Investment return (loss) (36,998) (35,031) - (72,029) 410,045Net assets released from restrictions per spending policy

- (301,380) - (301,380) -

Change in value of charitable remainder trust

- - - - 5,148

Change in value of annuity obligations (4,957) - - (4,957) (3,300)Change in net assets 2,546,316 (359,894) 1,565,149 3,751,571 3,324,052Net assets as of beginning of year 16,740,600 5,736,727 2,247,887 24,725,214 21,401,162Net assets as of end of year $ 19,286,916 $ 5,376,833 $ 3,813,036 $ 28,476,785 $ 24,725,214




Operating expenses

Clinical instruction and patient care 8,223,106 - - 8,223,106 8,100,868Instruction 5,762,189 - - 5,762,189 5,646,906Research 1,169,967 - - 1,169,967 1,102,381Academic support 2,225,265 - - 2,225,265 2,035,413Student services 1,782,845 - - 1,782,845 1,612,733Institutional support 4,868,664 - - 4,868,664 4,697,966Auxiliary enterprises 299,507 - - 299,507 275,613Total operating expenses 24,331,543 - - 24,331,543 23,471,880

Change in net assets from operating activities

$ 2,588,271 (23,483) $ 1,565,149 $ 4,129,937 $ 2,912,159


PATHWAYS TO GIVING

GIVING OPPORTUNITIESNECO’s alumni and friends are essential to one of the core missions of the College: to educate the world leaders of tomorrow for careers in eye and vision care, research, and education. You can contribute in several ways.

: + (DONATE ONLINE DONATE BY MAIL DONATE BY PHONE

Use our secure portal to make a gift or recurring gift for general support of the College or for a specific pur-

pose of your choosing.

www.neco.edu/giving

Send a donation by check to the following address:

New England College of OptometryOffice of Institutional Advancement

424 Beacon StreetBoston, MA 02115

Contact the Office of Institutional Advancement at:

617-587-5585

GIVING SOCIETIESGiving Societies honor individuals who have contributed greatly to NECO’s continued success through large gifts and estate planning.

ANNUAL FUNDGifts to the Annual Fund help support items such as student financial aid, community outreach programs, curriculum innovations, and clinical facilities.

LEADERSHIP SCHOLARSHIPSThe Leadership Mentors and Scholars Program matches student leaders to mentors who provide a tuition stipend during their years at NECO.

PLANNED GIVING OPTIONSPlanned giving is finding ways to make charitable gifts now or after your lifetime to make a lasting impact on the College, the community, and the future of optometric education.

TRIBUTE GIFTSTribute gifts allow donors to honor a special person in their life – a friend, loved one, or mentor – or to commemorate a special occasion.

WAYS TO GIVE

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2016 ANNUAL REPORT - New England College of …...424 BEACON STREET BOSTON, MA 02115 617-266-2030...

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Transcript of 2016 ANNUAL REPORT - New England College of …...424 BEACON STREET BOSTON, MA 02115 617-266-2030...