DATEBOOK - Illinois College of Optometry
DATEBOOK - Illinois College of Optometry
DATEBOOK - Illinois College of Optometry
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on august 27,<br />
drs. david lee and<br />
donovan Crouch ’63<br />
received lifetime service<br />
awards from the iCo<br />
alumni association<br />
G i f t s<br />
i n - K i n D<br />
These donors have made non-cash contributions<br />
to the <strong>Illinois</strong> Eye Institute Foundation<br />
a Cut above<br />
advocate illinois Masonic Medical<br />
Center<br />
Ms. Kathleen ameche<br />
american one limo<br />
ann sather restaurant<br />
arthur Murray dance Center<br />
dr. and Mrs. arol augsburger<br />
BMW Championship/ Western golf<br />
assoc/evans scholars fdn<br />
The Carlisle Collection new york<br />
Mr. dick Chappell<br />
Chicago Bulls<br />
Chicago Chocolate Tours<br />
Chicago Cubs - Community affairs<br />
Chicago White sox<br />
Mr. r. Michael daley<br />
desoto house hotel<br />
steven devick, od<br />
Mr. John difilippo<br />
Mr. Matt ditka - ferrari-Carano<br />
Vineyards<br />
east Bank Club<br />
edward fox photography<br />
elan hair, Body and sole<br />
Mr. adam epstein<br />
drs. paul and deborah erickson<br />
expert optics, inc.<br />
robert l. fait, od<br />
Michael V. favia, Jd<br />
pamila faye, llC<br />
four seasons hotel Chicago<br />
The french pastry school<br />
Mr. Michael george<br />
gibson restaurant<br />
gary g. gray, Jr., od<br />
Mr. almont green<br />
Mr. Brian higgins<br />
Mr. Kevin hinton<br />
Ms. samantha h<strong>of</strong>fman<br />
Casey hogan, od<br />
Mr. Tony hu<br />
illinois retina association<br />
i-promotions<br />
John godoy fitness<br />
Kenmark optical<br />
ronald a. Krefman, od<br />
lao Beijing<br />
lao shanghi<br />
lao szechuan<br />
gary a. lesher, phd<br />
osvaldo i. lopez, Md<br />
Mr. Bob love<br />
luxottica retail<br />
dominick M. Maino, od, Med<br />
Jim Malone design<br />
Marchon eyewear, inc.<br />
Ms. anna Markley<br />
Marquette associates, inc.<br />
Maui Jim usa inc.<br />
The Medical spa at st. James<br />
leonard V. Messner, od<br />
oakley<br />
david orth, Md<br />
Mr. John page<br />
park hyatt Chicago<br />
Mr. daniel ren and dr. yi pang<br />
revolution eyewear<br />
Ms. sandy rueve - she Beads<br />
river forest Community Center<br />
Mr. Matt romero<br />
Mr. John rondonet<br />
round 3<br />
salon V<br />
Janice e. scharre, od, Ma<br />
John g. shedd aquarium<br />
Mr. Tom sheridan<br />
The signature room at the 95th<br />
Jeff W. smith, od<br />
solo eye Care<br />
robert steinmetz, od<br />
steven steinmetz, od<br />
Tasting deVine Cellars<br />
Tommy Bahama<br />
Transitions Championship for healthy<br />
sight<br />
alderman Tom Tunney<br />
Ms. Tamilee Webb<br />
Ms. Mikki Williams<br />
frank lloyd Wright preservation Trust<br />
Mr. david yurman<br />
Zyloware eyewear - Mr. James M. shyer<br />
G i f t s<br />
i n - K i n D<br />
These donors have made non-cash<br />
contributions to the <strong>College</strong>. These gifts<br />
include optometric equipment, eyewear<br />
and other tangible items.<br />
america’s Best/national Vision<br />
antarctic Mechanical systems, inc.<br />
arT optical<br />
Broadway in Chicago<br />
Center point energy<br />
J.p. Morgan Chase Bank<br />
Classique eyewear<br />
dan M. Chapman, od<br />
essilor lenses<br />
expert optics, inc.<br />
floyd d. Mizener, od, dos, phd<br />
fox Valley fire and safety<br />
fresnel prism and lens Co.<br />
garvey’s <strong>of</strong>fice products<br />
golf invite, inc.<br />
grand lux Cafe<br />
iCo alumni Council<br />
interContinental Chicago<br />
John g. shedd aquarium<br />
John szabocsik, phd<br />
Johnson Controls<br />
Mark Vend Company<br />
Matthews Bookstore<br />
Michael l. Cohen, od<br />
Modern optical international<br />
ocular instruments<br />
optometric extension program foundation<br />
pepsi Cola general Bottlers, inc.<br />
Quality Contact lens inc.<br />
richard s. Kattouf, od<br />
robert Morrison, od<br />
safilo<br />
signet armorlite<br />
sugar plum Catering<br />
The Vision Council<br />
Vision service plan<br />
Volk optical, inc.<br />
Waste Management<br />
Western Waterpro<strong>of</strong>ing<br />
york/Johnson Controls<br />
I C O a n n u a l r e p O r t 20<br />
10<br />
$ million<br />
f i n a n c i a l<br />
s U m m a r y<br />
The <strong>Illinois</strong> <strong>College</strong> <strong>of</strong> <strong>Optometry</strong> ended Fiscal<br />
Year 2010 with positive operating results, staying<br />
within the institution’s $31 million annual budget.<br />
In addition, the U.S. Department <strong>of</strong> Education’s<br />
“financial responsibility test” indicated the <strong>College</strong> is<br />
financially healthy.<br />
Unrestricted Operating reVenUe<br />
% Operating Activity<br />
Tuition and Fees 64.4%<br />
Patient Care Services and Materials 18.2%<br />
Grants and Contributions 7.9%<br />
Other 1.0%<br />
Interest and Dividends 2.9%<br />
Auxiliary Enterprises 5.6%<br />
Total<br />
100.0%<br />
Unrestric ted Operating expenditUres<br />
BOnd deBt<br />
(dUe 2028)<br />
45.5<br />
45<br />
44.5<br />
44<br />
43.5<br />
43<br />
42.5<br />
42<br />
41.5<br />
Education 44.3%<br />
Patient Care Operations 27.2%<br />
Auxiliary Enterprises 5.0%<br />
Institutional Support 23.5%<br />
Total<br />
100.0%<br />
Through careful management, ICO paid down its outstanding<br />
bond debt (see graph below)<br />
ICO allocated $1.5 million for capital expenditures<br />
in the Fiscal Year 2010 budget. These expenditures,<br />
which are budgeted every year to create future<br />
benefits for ICO, are funded through operational<br />
cash flow and contributions.<br />
ICO investments grew 18% in fiscal 2010 to $31.5<br />
million and are kept in reserve to meet the bond<br />
covenant. The investments will ultimately be used to<br />
retire bond debt in 2028.<br />
6.30.2005 6.30.2006 12.31.2010<br />
5.0%<br />
7.9%<br />
18.2%<br />
2.9%<br />
5.6%<br />
23.5%<br />
27.2%<br />
1.0%<br />
64.4%<br />
44.3%<br />
33
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