2015 Annual Report

newenglandcollegeofoptometry

New England College of Optometry Annual Report 2015

ENGAGED

NEW ENGLAND COLLEGE OF OPTOMETRY

2015 ANNUAL REPORT


NEW ENGLAND COLLEGE OF OPTOMETRY

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.

NEW ENGLAND COLLEGE OF OPTOMETRY

The New England College of Optometry

(NECO) prepares the next generation of

care providers, teachers, and innovators

through a rigorous curriculum and

extensive clinical experiences. NECO

graduates compassionate and skilled

optometrists prepared to practice in

diverse settings. Located in the heart

of Boston, the College is a small,

independent graduate institution that

currently enrolls students from 24

states and 6 provinces.

NEW ENGLAND EYE

New England Eye (NEE) is the patient care

and clinical education affiliate of the New

England College of Optometry. It is one of

the largest providers of optometric services

in Massachusetts with nearly 90,000 patient

visits annually in more than 43 locations,

including many of Greater Boston’s

community health centers. New England

Eye’s doctors and students provide vision

care three days a week on the fully

equipped mobile clinic, New England

Eye On-Sight, to children, the elderly,

and individuals who are legally blind.

President

Clifford Scott, OD ’68, MPH

Vice President and

Dean of Academic Affairs

Barry Fisch, OD ‘71

Senior Vice President

for Finance and

Administration, CFO

Traci Logan, MS

The Office of the President

publishes the New England

College of Optometry’s

Annual Report each year

in January.

New England College

of Optometry

424 Beacon Street

Boston, MA 02115

T 617.587.5647

F 617.587.5555

www.neco.edu

NECO STUDENTS AND ALUMNI

SHARE PATHWAYS TO SUCCESS

As NECO students consider possible career

paths, the Alumni Association connects

them with alumni who help guide them

toward becoming a successful professional.

FULL CIRCLE:

NECO ALUMS JOIN THE FACULTY

Graduates Alexis Malkin, OD ’08, and

Nicole Ross, OD ’11, MSc, return to

NECO as faculty members in the

growing low-vision program.

Continuing Education, Sunday Seminars,

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Letter from the President

Letter from the Chair of the Board

Class of 2019 Profile

NECO Students and Alumni Share Pathways to Success

Leadership Scholarship Program

Full Circle: NECO Alums Join the Faculty

Continuing Education: Giving Back to Alumni through

the Gift of Learning

A Tribute to Barry Fisch

Donor Report 2015

Financials

Foster Namias Legacy Society

2015 ANNUAL REPORT

CONTINUING EDUCATION:

GIVING BACK TO ALUMNI THROUGH

THE GIFT OF LEARNING

NECO’s commitment to providing valuable

educational programs for students continues

when they become alumni through

and meeting them where they live.

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“NECO has a strong and sustained

commitment to remain engaged

with our alumni over the course

of their careers.”

The role of a college in its students’ lives doesn’t end after

diplomas have been awarded. A school’s relationship with

its alumni evolves as graduates move through their careers

and develop as professionals. At New England College

of Optometry, we are deeply committed to serving the

engagement is higher than ever thanks in large part to

the concerted efforts of our Alumni Association Board

members. Through outreach to their fellow graduates, the

many dedicated and accomplished practitioners educated

here continue to enrich our school.

professional needs of our graduates – both during and after

their years on Beacon Street. In turn, our alumni continue

to strengthen NECO through their participation in and

support for our programs.

In this year’s report, you will read about the resources NECO

offers students to help them choose their career paths. You

will hear from two alumnae who have come full circle:

studying at NECO, working in the field, and then rejoining

As a NECO graduate, I have firsthand insight into how the

needs of alumni have changed over the years as a result of

the profession’s dramatic transformation. Innovative new

technologies, combined with changes to the broader health

care landscape, require today’s eye care professionals to be

nimble and adaptable in ways that enable them to succeed

the College as faculty members. You will also learn about

how NECO gives back to alumni through programs like our

HomeTown Lecture Series and Sunday Seminars. All of these

diverse activities demonstrate the College’s commitment to

remain engaged with our graduates throughout the course

of their careers.

in a changing marketplace.

The pride I have for my alma mater grows with each year as

As educators, we have the responsibility to provide our

alumni with opportunities to expand their knowledge and

stay abreast of the new trends and best practices in the

profession. Our faculty teaches an exceptional variety of

I encounter new examples of the accomplishments NECO

graduates achieve. We continue to attract the best and

brightest students who inject a vibrancy and excitement

into the school and the optometry profession as a whole.

continuing education programs here in New England and

across the country; many of our graduates, including our

most experienced alumni, engage in these very worthwhile

opportunities. We encourage our alumni to think of

the College as a resource that they will continue to use

throughout their careers.

NECO graduates have forged extraordinary careers in

locations across the nation and around the world; although

Clifford Scott, OD ’68, MPH

President

this introduces inherent logistical challenges to maintaining

connections, I’m proud to report that the College’s alumni

ANNUAL REPORT 2015

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“NECO’s high level of personal

engagement is representative of our

institutional emphasis on

compassionate care.”

A s I enter my third year as chair of NECO’s Board of

Trustees, I cannot emphasize enough what an honor and

a pleasure it has been to serve with such a dedicated and

insightful group of people. Thanks to the tenacious efforts

of each and every board member, I’m proud to say that

New England College of Optometry occupies a stronger

position today – both fiscally and operationally – than at

any point over the last several years.

We bring this emphasis to bear on our outstanding

clinical programs, which continue to expand and

gain recognition. Our students learn the importance

of forging meaningful connections with their peers,

professors, and patients from their first day on campus,

and the College extends that philosophy to alumni as

well. This focus on substantive, human connections

endures as a defining characteristic of our school – one

that enables us to prepare some of the best young

While the Board is tasked with safeguarding the financial

health of the College, we never lose sight of the fact that

doctors in the country. In every dimension, NECO

embodies an institution that truly cares about people.

those fiscal decisions must reflect our students’ needs

and the financial realities they face. As we work in close

collaboration with President Scott, OD ’68, and other senior

administrators to build a solid foundation of resources

for NECO, we remain committed to keeping tuition

increases to a minimum. Our students graduate with an

exemplary education in optometry; we want to ensure

On behalf of the Board of Trustees, I thank our alumni,

faculty, staff, members of the board, and other friends

who have given generously to help ensure that NECO

remains the top-flight institution we all know it to

be, and who continue to enrich the profession of

optometry through their dedication and brilliance.

that they also continue to find their investment in NECO

financially worthwhile.

We have also enjoyed significant success in our recent

fundraising efforts, resulting in a substantial increase in

our endowment. I credit this to the extraordinary work

of President Scott, Dean Barry Fisch, the staff of the

development office, and my fellow board members. Many

of us have crisscrossed the country to engage with our

Brian S. Klinger, OD

Chair, Board of Trustees

alumni and strengthen the College’s connections with its

graduates at all stages of their careers.

This high level of personal engagement not only pays

tremendous dividends for NECO – it is also representative

of our institutional emphasis on compassionate care.

ANNUAL REPORT 2015

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CLASS OF 2019 This year’s dedicated and committed

incoming students join NECO from 24 states and 6 Canadian provinces. The

class’ average GPA of 3.36 and OAT score of 328 are higher than last year’s

averages. Many students received their undergraduate degrees from

highly regarded institutions, including Boston College, Boston University,

College of William and Mary, McMaster University, McGill University, NYU,

Pennsylvania State University, Rhodes College, UC-Berkeley, UCLA, Villanova

University, and Waterloo University. The 117 members of the Class of 2019

were selected from 922 applicants, resulting in a 33% acceptance rate.

Meet some of our students:

Janelle Levesque | Newmarket, New Hampshire | Biology | University of Maine

“My first impression of NECO was admiring the brownstones as I drove down Beacon Street. The school almost

looked like a place where someone lived. When I spotted the sign and went inside, I discovered it was beautiful

and felt like home.”

•Born in Boston, but raised in a small New Hampshire town

•Jump-roped competitively across the U.S., including at Disney’s ESPN Wide World of Sports

Paige Oliver | Sidney, Maine | Medical Biology | University of New England

“In Maine, all of the optometrists I worked with had attended NECO and only had wonderful things to say about

the faculty, facilities, and experience. I’ve found them to be right – NECO provides an extremely rigorous and

encompassing program.”

•As an undergraduate, started a program at University of New England to replace the dining hall’s paper cups with

reusable ones

•Enjoys writing songs about herself, including one titled “Summer Camp Drop-Out”

Mary Troyer | Evansville, Indiana | Chemistry | Indiana University

“When I visited the school before I applied, I was struck by how welcoming everyone was. All of the faculty and staff I

communicated with during the application process were extremely helpful. There hasn’t been a moment that I haven’t

felt welcomed into the NECO community.”

•Completed five marathons so far, and hopes to run Boston while at NECO

• Has played piano for 18 years

Joshua Vanderhoof | Vernon, New York | Biology | Franciscan University of Steubenville

“I remember putting on my very first pair of glasses when I was 11 years old. Everything was so clear and vivid – it was

amazing to see the leaves on trees and the stars in the night sky. That transformational experience made me realize that

I wanted my career to be helping people see the world’s true beauty.”

• Serves as an EMT and a volunteer fireman in Vernon, New York

• Volunteered at a pediatric cancer center, spending time with patients while they received treatment

ANNUAL REPORT 2015

ANNUAL REPORT 2015

Yue Yu Jinan, Shandong Province, China | Biology | Linyi University

“A month into my first semester, I participated in a children’s eye screening, the first opportunity I had to work so closely

with patients. I felt great knowing I was helping to maintain the children’s eye health, and I knew at that moment that

I’d made the right decision choosing optometry as my career.”

• Enjoys hiking and experiencing nature

• Has been conducting scientific research about diabetes at Boston Children’s Hospital for three years, where she

is currently a part-time research fellow in the Department of Endocrinology

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NECO Students and Alumni Share Pathways to Success

While every alumni association attends to the needs of its graduates, the NECO Alumni

Association also focuses on its alumni-to-be: the current students. In addition to their

coursework and clinical experience, students learn how to launch successful careers from

those who graduated before them. The NECO Alumni Association offers a wide range

of programs that connect students with alumni who can help them develop a path

reflecting their career goals, and guide them toward becoming a successful professional.

Bill Gleason, OD ’74, is currently serving his fourth year as president of the NECO Alumni Association. “One thing students and alumni

share is a great NECO education,” he explains. “That common experience opens up meaningful conversations about the careers that

students can pursue upon graduation. It turns out that if you ask them – and we did – you’ll find that NECO alumni are eager to work

with students, and those students appreciate the opportunity to connect with graduates. Making those exchanges happen has become

a key project of the Alumni Association. We view ourselves as a service organization that creates programs where students and alumni

interact in mutually beneficial ways.” These programs, which focus on helping current students transition to the working world,

include an annual career seminar, “Graduate Strong” panel discussions, practice management lectures, mentoring, and residency

application reviews.

ANNUAL REPORT 2015

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CAREER SEMINAR

NECO’s Alumni

Association offers

a range of programs

It used to be that ODs had essentially two choices for

a career path: private practice or a staff position at a

commercial enterprise. Over the past few decades, the

profession has diversified considerably. To help students

fully understand the breadth of these career

opportunities, the Alumni Association offers an annual

career seminar where alumni from diverse professional

backgrounds participate in a panel discussion for

second- and third-year students. Panelists describe their

experiences in the field and share insights about what

motivated them to choose their respective career paths.

really like in the working world. They’re always very

appreciative and grateful.”

Paul Cangiano, OD ’96, agrees. The owner of a

successful private practice in Boston’s North End, he

says, “I like to give back to NECO as much as I can, and

I especially enjoy talking to students. I tell them, ‘You

shouldn’t think about signing a partnership agreement

if you’re not sure that’s the type of career you want.’

Speaking with us, they can learn the pros and cons of

different careers and make more informed decisions.”

ANNUAL REPORT 2015

that connect students

with alumni who can

help them develop a

clear, personalized

path toward becoming

a successful

vision professional.

Career seminars are ideal for students looking to make

sense of today’s expansive professional landscape.

NECO has actually been hosting these events for 36

years – solid evidence of the College’s longstanding

commitment to students’ career success. Their ongoing

popularity attests to the fact that both students and

alumni find them extremely valuable.

At a seminar held in early November, 11 alumni

comprised a panel representing fields such as clinical

research, commercial practice, OD/MD practice,

industry, HMO, academic, hospital-based practice,

private practice, and military. According to Baharak

Asefzadeh, OD ’03, who works for the Veteran’s Health

Administration, such events are important.

“It’s a fabulous opportunity for students to meet with

diverse professionals face-to-face and learn what it’s

GRADUATE STRONG

Thanks to NECO’s strong curriculum, exceptionally

committed faculty, and breadth of clinical experiences,

NECO students gain many of the skills they need to

hit the ground running after graduation. At the same

time, they also face the challenge of addressing the

numerous administrative requirements involved in

becoming a health care professional.

For that reason, NECO launched Graduate Strong

in 2014. The program’s objective is to provide

opportunities for current students to hear from recent

graduates about a range of non-clinical elements that

affect their work as they go forward, such as licensing,

practice insurance, debt management, credentialing,

employment searches, and accessing resources from the

American Optometric Association.

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GRADUATE STRONG

“Graduate Strong arose out of a series of conversations with students,” notes Dr.

Gleason. “They told us that, while they had a clear understanding of how to earn

their degree, they weren’t quite as sure about making the transition to becoming a

professional. Graduate Strong brings students together with those who know best –

NECO alumni – so that they can obtain the information they need.”

In April 2015, the second annual Graduate Strong event attracted more than 100

students, most in their second or third years. Gleason moderated the panel, which

included two recent NECO alumni. Following the discussion, panelists and attendees

mingled at a dinner reception, enabling both groups to expand their professional

networks. Later that month, in recognition of NECO’s strong Canadian contingent,

the first Graduate Strong: Canadian event was held via Skype. Alberta native and

current faculty member Nicole Ross, OD ’11, and members of NECO’s Canadian Club

collaborated to produce the event.

PRACTICE MANAGEMENT SEMINARS

Since 2012, NECO has offered a series of practice management seminars in partnership

with Vision Service Plan. These programs provide valuable networking opportunities for

students and alumni alike as they learn “the art of practice” through topics that serve as

the cornerstones of practice management within today’s health care landscape.

“The practice management seminars create an opportunity for students and alumni to

learn about business issues and challenges they will face when delivering eye care,”

says Tony Cavallerano, OD ’72, executive director of clinical training and patient care at

NECO, who coordinates the program with David Mills, MBA, OD ’80, assistant professor

of optometry. “We target third- and fourth-year students who want to learn about

creating a business plan, developing marketing strategies, evaluating insurance plans,

managing risk, and other essential topics. Alumni enjoy the opportunity to gain insight

from experts in business management, and to interact with students who represent a

potential talent pool of practice associates.”

MARGERY WARREN

Director of Alumni Relations

As director of alumni relations, Margery

Warren’s primary focus is to keep graduates

informed, involved, and engaged with

the College. She works with the Alumni

Association Board in the furtherance of their

mission and goals, and is often the first point

of contact for alumni seeking to connect with

their alma mater and classmates. Margery

coordinates the production of NECO’s very

successful Continuing Education programs,

including HomeTown and Sunday Series, and

plans and attends NECO alumni receptions at

regional and national optometry conferences.

For more information, contact Margery at

warrenm@neco.edu or 617.587.5687.

ANNUAL REPORT 2015

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RESIDENCY APPLICATION REVIEW

The residency application review started informally but has

since evolved into an established offering. As Dr. Gleason

explains, “One day, the president of NECO’s Student

Council asked me if I would be willing to review his resume

before he submitted applications to residency programs. It

was a simple request, but an important one: I realized that

reviewing students’ residency applications could help them

distinguish themselves from the competition.”

Guided by his own business experience in assessing

resumes, Dr. Gleason approached the task with one

overarching question in mind: “Beyond grades and

rotations, what makes this person different from all of the

other candidates who are applying for this position?” The

key, he says, lies in emphasizing qualities and experiences

that help the candidate stand out.

“The first year, we reviewed 25 applications,” he says.

“Last year, to address increased demand for the service, a

formal committee was formed by the board to recruit

additional ODs, including a number of NECO alumni.” This

provides yet another example of the Alumni Association’s

focus on helping current students position themselves for

success after graduation – and grow into loyal, active, and

involved alumni.

ANNUAL REPORT 2015

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Leadership Scholarship Program:

Where Benefactors Become Mentors

Class of 2019

Leadership Scholarships

Paul C. Ajamian, OD Leadership Scholarship

Student: Arianna Jordan

Mentor: Paul C. Ajamian, OD ’80

For those who want to make a direct impact on

the education and life of a student, establishing

a scholarship provides an opportunity that is

second to none. At most institutions, grateful

students and the generous donors who

support them never meet. NECO has found

a way to make such gifts more powerful and

impactful for both the donor and the student.

Through our innovative Leadership Scholarship Program, launched in

2013, each donor to the program serves as a mentor to a NECO student

for the entire four years of that student’s education. The student receives

a tuition stipend annually and benefits from their relationship with a

committed professional whose knowledge and experience enhances

their education and career development.

Randolph Brooks, OD Leadership Scholarship

Student: Joshua Vanderhoof

Mentor: Randolph E. Brooks, OD ’77

Drs. Terry and Jason Chin Leadership Scholarship

Student: Dmitriy Richter

Mentors: Drs. Terry Chin ’74 and Jason Chin ’04

David Mills, OD, MBA Leadership Scholarship

Student: Sukhdeep Dhami

Mentor: David Mills, OD ’80, MBA

Kenneth J. Myers Leadership Scholarship

Student: Mary Troyer

Mentor: Kenneth J. Myers, OD ’74, PhD

Saul Purcell, OD Leadership Scholarship

Student: Kendra Phillis

Mentor: Howard B. Purcell, OD ’84

To date, the Leadership Scholarship Program has brought together

approximately three dozen mentors and first-year students with similar

attributes and interests. Through events and mentoring opportunities

held at the College and other Boston locations, the program creates

strong bonds that will continue after our students become alumni –

and, perhaps, mentors themselves one day.

To learn more about the Leadership Scholarship Program,

please contact: Cindy Gould

Director of Development

617.587.5647

gouldc@neco.edu

Drs. Keith and Kenneth Taylor Leadership Scholarship

Student: Nicole Broden

Mentors: Drs. Keith E. Taylor ’81 and Kenneth P. Taylor ’77

“ The Leadership Scholarship Program has

meant a tremendous amount to me. It has

encouraged me to be more active in

seeking out research opportunities and

participating in professional extracurricular

activities on campus.” Hilary Hamer, OD ’17

ANNUAL REPORT 2015

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Full Circle

NECO Alums Join the Faculty

ANNUAL REPORT 2015

Maintaining positive connections with alumni is central to NECO’s mission. The College

brings graduates together for class receptions, continuing education programs, and other

events – both locally and across the country. Keeping in touch with alumni is especially

easy when their offices are within our historic Beacon Street building. Such is the case with

Alexis Malkin, OD ’08, and Nicole Ross, OD ’11, MSc, two NECO alumnae who recently

joined the College’s faculty.

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FAMILIAR FACES

“When you walk into this building, you immediately get the feeling of being home,” explains Dr. Malkin, who assumed her position as a clinical

assistant professor with a focus on vision rehabilitation in 2015. “I see many of the familiar faces that I saw as a student, including faculty

members who were once my mentors and are now my colleagues.” After graduating as salutatorian of the Class of 2008, Dr. Malkin completed

her residency at the Northport VA Medical Center in New York. She went on to complete the Lions Vision Rehabilitation Fellowship at the Wilmer

Eye Institute of the Johns Hopkins School of Medicine, and then worked in private practice and as a part-time faculty member at Johns Hopkins.

Dr. Malkin leapt at the opportunity to help the College expand its low vision program. In addition to her teaching duties, she sees patients at the

Lynn Community Health Center (LCHC) and coordinates efforts between NECO and LCHC to bring the successful Lions Low Vision Rehabilitation

Network (LOVRNET) to Massachusetts. The program, which originated in the Washington, DC, area, aims to increase access to care within

targeted communities by creating unified systems that connect doctors with patients. “My clinical experience as a NECO student enabled me to

establish a strong connection with the low vision community here in Massachusetts,” Dr. Malkin explains. “Having returned to Boston, I can now

leverage those existing relationships to create a program that will help doctors do a better job of serving their patients’ needs.”

AN IDEAL PLACE

Dr. Nicole Ross joined the faculty as an assistant professor of optometry in 2014. “I wanted to start my career in an environment that promoted

a highly collaborative approach to both clinical practice and teaching,” she recalls. “Without a doubt, NECO is the ideal place for achieving that

balance.” Dr. Ross completed her residency at The Ohio State University, followed by a clinical fellowship at the Wilmer Eye Institute of the Johns

Hopkins School of Medicine, where she worked closely with Dr. Malkin.

Dr. Ross has enjoyed serving as a mentor to a new generation of NECO students through her clinical work at local institutions like Perkins School

for the Blind. “I could never have explored a career in academia without the guidance I received from my own mentors, and I’m thrilled to be

able to pass along what I’ve learned,” she explains. “Seeing my students’ excitement makes the field feel new again. My hope is that I can

help them understand the synergy between clinical work and the didactic, research-oriented aspects of their education.” Her commitment to

assisting current students extends to her fellow alumni as well. A native of Alberta, Canada, Dr. Ross organized an offshoot of the NECO Alumni

Association’s Graduate Strong program to help connect current students and recent graduates who hail from Canada with alumni practicing on

both sides of the border.

A FRUITFUL PARTNERSHIP

Since becoming colleagues, Dr. Ross and Dr. Malkin have collaborated on several initiatives related to low vision. “There are many more students

interested in the specialty today than there were when I was in school,” explains Dr. Malkin. She attributes this increased interest to the growing

aging population in need of low vision services, but also cites the emergence of technology for the visually impaired as a contributing factor. “As

the dynamics of the profession shift, the role of specialists who can reach patients in different ways is of vital importance,” she says.

In September, Dr. Malkin and Dr. Ross organized the first international grand rounds program focused on low vision. Along with colleagues at

the L.V. Prasad Eye Institute in Hyderabad, India, NECO students and faculty participated in a virtual consortium focused on vision rehabilitation

management and strategies, and on addressing the global and local barriers patients face when seeking vision rehabilitation services.

“NECO is an incredibly supportive community,” says Dr. Ross. “The school provides students with unprecedented opportunities to explore their

interests; I feel very fortunate to be a part of that process as a faculty member.” Dr. Malkin is equally enthusiastic about her new position. “NECO

offers its faculty members tremendous room for growth, both within the clinical realm and in the classroom,” she says. “It’s so good to be back.”

ANNUAL REPORT 2015

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NECO takes justifiable pride in its track record of preparing students for

rewarding careers in optometry. The College’s expansive curriculum and

expert instructors provide the skills, tools, and experience that optometristsin-training

need to pursue the profession they are passionate about.

Giving Back to Alumni through the Gift of Learning

NECO’s commitment to providing valuable educational programs continues long after students graduate. Practicing

ODs are required to earn continuing education (CE) credits throughout their careers. To help satisfy this need, the

College offers highly regarded CE programs in partnership with the NECO Alumni Association. Programs are offered

to both alumni and non-alumni through NECO’s Learning Center.

“The practice of eye care has changed so much in the last three decades,” explains Tony Cavallerano, OD ‘72,

executive director of clinical training and patient care at NECO. “We have a responsibility to our alumni to help them

stay abreast of new developments and treatment strategies, and give them the information required to best serve

their patients.”

ANNUAL REPORT 2015

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STRENGTHENING TIES THROUGH QUALITY PROGRAMS

Typically, alumni engagement activities are directed toward encouraging graduates to give back to the school that

helped them launch their careers. At NECO, the focus is more on the school giving back to its alumni by serving their

ongoing professional needs.

“My approach is to merge alumni relations with continuing education,” notes Dr. Cavallerano. “It’s a form of

stewardship. When alumni hear from us, their first assumption shouldn’t always be that we’re looking for financial

support. I like to think that we’re making a positive difference – not only in our graduates’ professional lives, but also

in their relationship with NECO.”

To that end, Dr. Cavallerano is committed to providing CE programs of the highest quality, in terms of both the

choice of topic and the choice of speaker, who is often a NECO graduate. Corporate sponsorship helps make these

great programs possible, an important element given the significant competition among providers of continuing

education. Partnering with NECO’s Alumni Association and the Office of Institutional Advancement also helps

strengthen outreach efforts to potential participants.

“We need to differentiate ourselves,” explains Dr. Cavallerano. “Fortunately, our programs have developed a

following and we routinely generate substantial interest with our offerings. It’s not unusual for us to attract more

than 100 people on a given Sunday. As a result, we’ve built a reputation for delivering quality CE programs, which

drives us to sustain and grow.”

ANNUAL REPORT 2015

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HOMETOWN DINNER LECTURES MEET ALUMNI WHERE THEY LIVE

NECO offers CE opportunities in a range of formats, with topics that address a variety of current, relevant, and interesting issues

facing vision professionals today.

For alumni scattered throughout the U.S. and Canada (see the map below showing the distribution of NECO alumni), returning

to Boston for CE programs can prove challenging. In response, the College developed the HomeTown reception and lecture

series, which brings NECO’s educational programs to the communities where alumni live and work. These informal evening

events include dinner and a one-hour COPE-approved lecture on a topic typically suggested by an alumnus. The events are held in

restaurants, which allows for networking and social time.

During the fall of 2015, dozens of NECO alumni convened in New York City and Bethesda, Maryland, for HomeTown events

focused on clinical challenges related to diagnosing and managing vitreomacular disorders.

NECO’S GLOBAL REACH

NECO’s impact is far-reaching,

with alumni working in all

50 U.S. states and the District

of Columbia, as well as in

Europe, Asia, Africa, and

Australia. In fact, 8% of our

alumni are located outside

the U.S., including in Canada,

home of the fourth-largest

concentration of alumni after

Massachusetts, New York,

and California.

4,216 U.S. ALUMNI

ANNUAL REPORT 2015

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3

57

3

399

44

244

2

277

80

7

7

48

8

6

10

7

5

166

87

1,077

37

27

4

11

6

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

7 Nebraska

14 Nevada

135 New Hampshire

187 New Jersey

10 New Mexico

477 New York

61 North Carolina

1 North Dakota

47 Ohio

9 Oklahoma

18 Oregon

103 Pennsylvania

140 Rhode Island

28 South Carolina

2 South Dakota

14 Tennessee

83 Texas

7 Utah

46 Vermont

98 Virginia

58 Washington

9 Washington, DC

2 West Virginia

27 Wisconsin

1 Wyoming

San Francisco

Los Angeles

14


SUNDAY SEMINARS DELVE INTO IMPORTANT TOPICS

Sunday Seminars augment participants’ clinical skills and enhance the quality and effectiveness of their patient care. Six seminars are held every

year, each of which satisfies five hours of COPE-approved continuing education credits through a program that includes breakfast, a morning

session, lunch, and an afternoon session. During the lunch break, participants have a chance to share information and expand their personal and

professional networks.

At a recent Sunday Seminar, “Pharmacology Fireside Chat,” held in September 2015, NECO alumnus Paul Ajamian, OD ’80, was the featured

speaker at the morning session. Dr. Ajamian, who currently serves as the center director of Omni Eye Services in Atlanta, gave an informative and

entertaining presentation about the relative effectiveness of currently available medications, showing actual cases he has managed.

Notes Dr. Ajamian, “NECO is responsible for why I practice the way I do. Because I owe my success to the education I received here, I enjoy

having the opportunity to come back and share what I’ve learned with others. I believe that if optometrists want to be successful, we have to

support each other and our institutions. CE programs also create opportunities to see old friends and classmates, which is another benefit of

maintaining ties to one’s alma mater.”

367 INTERNATIONAL ALUMNI

New York

Boston

Los Angeles

Edmonton

San Francisco

3 Australia

3 Bahamas

1 Belgium

1 British West Indies

315 Canada

4 China

2 France

1 Greece

2 Hong Kong

1 India

1 Indonesia

4 Israel

4 Italy

2 Kenya

13 South Africa

4 Spain

1 Sri Lanka

1 Tanzania

4 United Kingdom

Miami

ANNUAL REPORT 2015

15


ONLINE OR OFF, THE GOAL IS THE SAME

“My overarching

goal for

NECO’s continuing

education programs

is to change

someone’s behavior

the very next day

in their practice.”

Tony Cavallerano, OD ’72

Executive Director of Clinical

Training and Patient Care

In addition to in-person programs, NECO offers an online learning option that allows participants

to log in and review case studies at any time and from any location. Three case studies are currently

available, each of which provides one hour of COPE-approved CE credit; a yearlong, bimonthly

online program on glaucoma is currently in development.

Overall, NECO offers 30 CE credit hours each year. Since most states require ODs to earn between

18 and 25 CE credits annually, NECO offers an opportunity for alumni and non-alumni to fulfill their

annual requirements through College programs.

“Whether it’s through HomeTown Lectures, Sunday Seminars, or online case studies, my overarching

goal for NECO’s continuing education programs is to change someone’s behavior the very next day

in their practice,” says Dr. Cavallerano. “I always appreciate getting feedback from attendees, and

their input helps us improve our programs.” Attendees at a recent Sunday Seminar expressed a high

level of satisfaction with the program. “It’s a good format – over five hours you really learn a lot,”

said one attendee; “Great topics and speakers,” offered another.

Tony

Cavallerano

A CONSTANT PRESENCE IN

CONTINUING EDUCATION

Tony Cavallerano, OD ’72, currently serves as executive director of clinical

training and patient care, director of professional relations, and professor

of optometry at NECO. Dr. Cavallerano has been affiliated with the College

since earning his Doctor of Optometry degree from what was then the

Massachusetts College of Optometry more than 40 years ago. He served as

NECO’s clinical dean from 1993 to 1998, and in 2006, he received

the College’s Carroll Martus Award for Outstanding Clinical Instruction.

Dr. Cavallerano’s interest in continuing education was sparked in 1974, when

new re-licensure programs sprang up throughout New England. Building on

his experience as an OD candidate and teaching assistant in Rhode Island’s

first diagnostic therapeutic program, he began speaking at a number of those

programs. Today, among his many responsibilities at NECO, Dr. Cavallerano

teaches “Special Topics in Ocular Disease and Advanced Clinical Care” as well

as the “Retina Grand Rounds” elective during the summer semester.

ANNUAL REPORT 2015

Beyond his work at NECO, Dr. Cavallerano has a special interest in

telemedicine and in using technology for health care solutions. He was

formerly an attending optometrist in the VA Boston Healthcare System,

where he is a researcher and training center coordinator for the VHA Office

of Telehealth Services. He is a fellow of the American Academy of Optometry,

a member of the Massachusetts Society of Optometrists and the American

Optometric Association, and a founding member of the Optometric Retina

Society. He is also an editorial board member for Primary Care Optometry

News and the former editor-in-chief of Clinical Eye and Vision Care and

Optometry: Journal of the American Optometric Association.

16


A TRIBUTE TO BARRY FISCH

“I believe, as many have said, that hard work plus preparation allows one to take advantage of

opportunities, but you also need a good dose of passion for what you do. It serves as your compass.”

Barry Fisch, OD ’71, outgoing vice president and dean of academic affairs, made this remark about NECO students,

but the statement also applies to Barry’s life and career. His talent, passion, insight, good humor, and commitment

to the profession have benefited the College immensely. Barry retires in January 2016; NECO will forever appreciate

his longstanding dedication to the school and to its students.

“I cherish everything I’ve done at NECO and during my professional career,” says Barry. “I look back and I feel lucky.

I’ve had many amazing opportunities and experiences, all due to my 40-plus years of association with the College,

and with my colleagues, students, and residents. After years of maintaining a consistent and full work schedule, I

really look forward to the opportunity to be spontaneous and have time to pursue some old and some new interests,

and volunteering; but most of all, I look forward to spending time with my family and enjoying watching my

granddaughters grow up.”

“Barry and I have worked together for many years. I

can’t imagine what it will be like not having him here

helping to lead the College – but I know that, thanks to

his efforts, we will continue to be successful. On behalf

of everyone at NECO, I thank him for his outstanding

“I came to know Barry when he was involved in some of

my second-year classes. He always encouraged me to

make the most of my time at NECO. He was very

supportive of my research activities. Most importantly,

he encouraged his students to ask questions, and that

service to our faculty and students, and wish him the

very best as he begins the next chapter of his life.”

Clifford Scott, OD ’68, MPH

President, New England College of Optometry

mindset helped inspire me to return to NECO as a

faculty member under his leadership.”

Nicole Ross, OD ’11, MSc

Assistant Professor of Optometry

ANNUAL REPORT 2015

17


DONOR REPORT 2015 | NEW ENGLAND COLLEGE OF OPTOMETRY

The Philanthropist’s Society 2015

(Cumulative giving of $50,000 or more)

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.

We are pleased to express our gratitude for their

philanthropic leadership.

Foster Namias Legacy Society 2015

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.

ANNUAL REPORT 2015

Visionary

($500,000 and greater)

Bausch & Lomb

Lester Marcus, OD ‘54*

Massachusetts Commission

for the Blind

Humanitarian

($250,000-$499,999)

Alcon Laboratories

Stella Beider*

CIBA Vision

Essilor of America, Inc.

The Ludcke Foundation

Marco Family Foundation

Maurice Saval*

Vision Service Plan

Vistakon, Division of Johnson &

Johnson Vision Care, Inc.

Clinton Wilson, OD ‘43*

Benefactor

($100,000-$249,999)

American Diabetes Association

Bank of America N.A., Trustee of

the Perpetual Trust for

Charitable Giving

Boston Center for Blind Children

Edith Heymans*

G. Burtt Holmes, OD ‘52

Donald R. Korb, OD and

Joan M. Exford, OD

Luxottica Group

Christine and Steven Manfredi

Polymer Technology

Mary Scott, OD ‘68 and

Clifford Scott, OD ‘68, MPH

Carl and Ruth Shapiro

Family Foundation

State Street Foundation

The Whitaker Foundation

Leader

($50,000-$99,999)

Anonymous

Allergan, Inc.

B&R Foundation

Blue Cross Blue Shield

of Massachusetts

The Boston Foundation

Elizabeth Chen and

Richard Edmiston

Citizens Bank Charitable

Foundation

Friends of the Disabled

Gould Family Charitable

Foundation

Kristen K. Griebel, OD ‘97

Edith Hochstadt*

HOYA Vision Care

Juvenile Diabetes Research

Foundation

Monthe N. Kofos, OD ‘43*

OneSight Research

Foundation

Reader’s Digest Partners

for Sight Foundation

Melvin Stack, OD ‘53

William R. Tolford, OD ‘55*

Arthur W. Baker, OD ‘67*

Stella Beider*

Larry R. Clausen, OD

Paul A. DeCesare, OD ‘69

Carl E. Doughty, OD ‘69

Joseph Feldberg, OD ‘52*

Marion and Dr. Eugene I. Fischer ‘61*

Kristen K. Griebel, OD ‘97

David J. Helfman, OD ‘69

Edith Heymans*

Edith Hochstadt*

G. Burtt Holmes, OD ‘52

Arnold Katz, OD ‘50*

Benjamin J. Lambert, III, OD ‘62*

Joan C. and Alton W. Lamont, OD ‘55

Lester Marcus, OD ‘54*

Joseph F. Molinari, OD ‘74, MEd

Jean T. and Pasquale L. Palomba, OD ‘38*

Andrew J. Portoghese, OD ‘60

Harvey D. Rappoport, OD ‘75

Maurice Saval*

Norman C. Spector, JD

Melvin Stack, OD ‘53

Timothy W. Tolford, OD ‘79

William R. Tolford, OD ‘55*

Guang-Ji Wang, OD ‘92

Harry I. Zeltzer, OD ’52, DOS

* Deceased

18


ANNUAL FUND 2015 | NEW ENGLAND COLLEGE OF OPTOMETRY

We gratefully acknowledge the generosity of our many supporters. The following list reflects gifts received between

July 1, 2014 and June 30, 2015. We apologize for any inadvertent errors or omissions.

The President’s Circle 2015

The President’s Circle recognizes alumni and friends whose gifts to the 2015 Annual Fund totaled $1,000 or more.

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

following giving levels.

Ruby

Kristen K. Griebel, OD ‘97

The Cooper Companies

Barbara McGinley

($50,000-$99,999)

HOYA Vision Care

Joseph A. D’Amico, OD ‘63

Dr. Robert Meenan

Massachusetts Commission

Laura J. Kain, OD ‘97

Sally H. Dang, OD ‘94

Drs. Janis F. Mertz ‘82 and

for the Blind

Estate of Benjamin J. Lambert, III, OD ‘62

Joseph R. Donatelle, OD ‘61

James R. Mertz ‘07

Donald P. Snyder, OD ‘55

Eastern Bank Charitable

Iris M. Miller, OD ‘11

Emerald

Timothy W. Tolford, OD ‘79

Foundation

David Mills, OD ‘80, MBA

($25,000-$49,999)

ZEISS Meditec

Claudia C. Evans, OD ‘74

George R. Montminy, OD ‘69

Alcon Laboratories

Stephen A. Feltus, OD ‘72

National Vision, Inc.

Boston Center for Blind Children

Silver

Ronald R. Ferrucci, OD ‘74

Rachel E. Negris, OD ‘84

The Ludcke Foundation

($2,500-$4,999)

Barry M. Fisch, OD ‘71

O’Neill, Athy & Casey, P.C.

Jason R. Chin, OD ‘04

Drs. Jack Fried and

Mr. and Mrs. Benjamin Pan

Platinum

Terry L.N. Chin, OD ‘76

Stacy M. Kosik-Fried ‘97

Dennis P. Pardo, OD ‘97

($10,000-$24,999)

Donald R. Korb, OD and

Drs. Richard and Julianne

Mr. Seth Pollock

Allergan, Inc.

Joan M. Exford, OD

Rapalus Gallerani, ‘84

Alan M. Rapoport, OD ‘86

Bank of America N.A., Trustee

Edward H. Fitch, OD

Alan R. Gold, OD ‘74

Roblin Insurance Agency Inc.

of the Perpetual Trust for

David J. Helfman, OD ‘69

Haag-Streit USA

Joel B. Rosen, MBA

Charitable Giving

Andrew Hoar

Elise Noel Harb, OD ‘04

Robert N. Rosenstein, OD ‘74

Boston Children’s Hospital

Khuong An Nguyen, OD ‘03

Celia A. Hinrichs, OD ‘79

Safilo USA, Inc.

Boys & Girls Club of Boston

Robin Rathjens, OD ‘99

Mr. and Mrs. Paul Houghton

Herbert M. Shuer, OD ‘73

G. Burtt Holmes, OD ‘52

Laura Dake Roche, OD ‘85

Irwin Jacobs

Norman C. Spector, JD

Lowell General Hospital/

Susan G. Rodgin, OD ‘84

Daniel J. Jandreau, OD ‘95

Eleanor Titelbaum

Circle Health

Keith E. Taylor, OD ‘81

Lynette K. Johns, OD ‘04

TruForm Optics, Inc.

Luxottica Group

Kenneth P. Taylor, OD ‘77

Johnson & Johnson Matching

The Vision Council

Kenneth J. Myers, OD ‘74, PhD

Gifts Program

Visionary Optics, LLC

Theodore Edson Parker

Bronze

Reginald H. Jones, OD ‘81

Guang-Ji Wang, OD ‘92

Foundation

($1,000-$2,499)

Barbara D. Kamens

Winer Foundation Agency

Howard B. Purcell, OD ‘84

Paul C. Ajamian, OD ‘80

Paul J. Kantrowich, OD ‘74

Dr. Mitzi and Mr. Hal Witkin

Mary Scott, OD ‘68 and

Arthur W. Baker, OD ‘67*

Allen I. Kaplan, OD ‘67

Young’s Valley Contax, Inc.

Clifford Scott, OD ‘68, MPH

Estate of Warren and

Jonathan D. Kaplan, OD ‘90

Joseph P. Zolner, EdD

Vision Service Plan

Stella Beider

Brian S. Klinger, OD

Gold

($5,000-$9,999)

Alcon Foundation, Inc.

Dr. Susan L. Connors and

Dr. Andrew W. Zimmerman

Jane E. Fisher

Linda M. Bennett, OD ‘80

Lynn M. Brandes, OD ‘87

Nancy Broude, EdM

Barbara E. Caffery, OD ‘77

James A. Casazza, OD ‘71

Anthony A. Cavallerano, OD ‘72

Gary Y.K. Chu, OD ‘95, MPH

Wendy J. Leslie, OD ‘74

Alan L. Lewis, OD ‘65, PhD

Loretta M. Li, OD ‘82

Ernest V. Loewenstein, OD ‘77

Lawrence A. Lupo, OD ‘77

Kelly M. MacDonald, OD ‘01

Eileen C. McGill, OD ‘78

ANNUAL REPORT 2015

19


ANNUAL FUND 2015 | NEW ENGLAND COLLEGE OF OPTOMETRY

ANNUAL REPORT 2015

Patron ($500-$999)

David J. Caban, OD ‘77

Cornelius Chapman, JD

John A. Child, OD ‘82

James P. Comerford, OD ‘78

Elizabeth Davies

Diversified Ophthalmics, Inc.

Drs. John and Anne Marie

Gaetani ‘89

William J. Gleason, OD ‘74

Carl F. Gruning, OD ‘66

Alden N. Haffner, OD

Ann Hudson, CPA

John Hancock Financial Services

Neil W. Kemp, OD ‘95

Catherine A. Kennedy, OD ‘78

Barry S. Kran, OD

Richard E. Lippman, OD ‘68

Sylvia and Gerard Marlio

Jean M. Martori-Cram

Glen L. McCormack, OD

Andrew D.L. McLeod, OD ‘06

Robert E. Miller, OD ‘65

Frederick A. Moffa, OD ‘95

Northeast Congress of Optometry

Mark W. O’Donoghue, OD ‘82

Eugene T. O’Leary, OD ‘79

Calvin G. Perry, OD ‘65

John J. Pietrantonio, OD ‘80

Frances Rucker, PhD

Jeanette M. Sewell, OD ‘81

Shapiro/Fleishman Fund

South Boston Community

Health Center

Cathy Stern, OD

Tonya Watson, OD ‘02, PhD

Bernard H. Weitz, OD ‘77

Drs. David and Grace Wu

Winston W. Yao, OD ‘99

Pano Yeracaris, MD, MPH

Harry I. Zeltzer, OD ‘52, DOS

Friend ($250-$499)

Suraj Sadeghi Afshar, OD ‘07

Joseph W. Alger, OD ‘57

Phyllis Andrejko, OD ‘97

Douglas P. Benoit, OD ‘83

James A. Bourgeois, OD ‘82

Peter P. Cottone, OD ‘71

Judith R. Darrow, OD ‘90

Richard Lee Dickinson

Matthew E. Elgart, OD ‘66

Michael G. Flynn

David B. Gaudreau, OD ‘86

Lawrence T. Ginsberg, OD ‘84

Edward M. Goldberg, OD ‘70

Tammy J. Gray, OD ‘06

Tina Hall

Maureen M. Hanley, OD ‘81

Kevin P. Hoye, OD ‘99

Anthony W. Iraca, OD ‘88

Ruth Joress

Garry S. Kain, OD ‘74

Stephen N. Kirnon, MBA, EdD

Steven Koevary, PhD

Kathleen Leona Krenzer, OD ‘90

Norman A. MacLeod, Jr.

Massachusetts League of

Community Health Centers

Drs. John T. Mooney and

Deborah Bettencourt ‘85

Amy Roan Moy, OD ‘03

Salvatore Musumeci, OD ‘87

Robert J. Parks, OD ‘84

Eliezer Peli, MSc, OD ‘83

Patrick F. Phelan, OD ‘72

Carol Rubel

Steven W. Santos, OD ‘89

David S. Smith, OD ‘67

Margery Warren

Drs. Paul Zerbinopoulos and

Pamela L. Blodgett ‘88

Yuhui Zhu, OD ‘12

Michelle Zickel Blew, OD

Sponsor (up to $249)

Adventure in Colors

Myron Allukian, Jr., DDS, MPH

Vitelio Almeyda

AmazonSmile Foundation

Daniel R. Appleton, OD ‘69

Diane M. Aramony

Mohammad Ashfaq, OD ‘08

Kayla B. Baker, OD ‘03

Louis Y. Bardfield, OD ‘59

David Baron, OD ‘89

Belisa A. Basile, OD ‘84

Marvin G. Baum, OD ‘64

Andrew L. Berger, OD ‘96

George D. Bertherman, OD ‘93

Keshav S. Bhat, OD ‘01

Elena Z. Biffi, OD ‘10, MSc

Michael D. Billig, OD ‘83

Joseph Y. Bistricer, OD ‘80

Frederick H. Bloom, OD ‘75

Alison A. Boda, OD ‘03

Salvatore J. Bosco

Russell Broude

Pauline Buck, OD ‘94

Yihong Cai, OD ‘09

Donna Cantillo

Ina Carducci

Ronald Cedrone, OD ‘78

Ceida Chan, OD

A. Robert Child, Jr., OD ‘78

Mr. and Mrs. Hoi Chung

and Wai Ying Chu

Kenneth J. Ciuffreda, OD ‘73

Linda Cole

Nancy Coletta, OD

Robert A. Connors, OD ‘81

Patrick Corr

John S. Corvese, OD ‘82

Donald J. Costello, OD ‘95

Dr. and Mrs. Barry Cuiffo

Kelly L. Cyr, OD ‘09

Patricia Dahill

Richard Dahill and

Tina Sanford Dahill

Edouard Dalexis

David R. De Ruosi, OD ‘87

Li Deng, PhD

Aurora Liberace Denial, OD ‘84

Mark S. Deresienski, OD ‘75

Robert J. Doty, Jr., OD ‘75

Nina Nghi Doyle, OD ‘03

Tom Duchardt

Kyla M. Duchin, OD ‘08

Heather Stone Edmonds

George J. Ehlert, OD ‘67

Edward Eliot

Peter T. Eudenbach, OD ‘55

R. Craig Evans, OD ‘85

Xiaomin Fang, OD ‘12

James H. Fantazian, OD ‘62

Mr. and Mrs. Philip L. Feldberg

Chester S. Fichandler, OD ‘73

Leon I. Fishlyn, OD ‘80

John R. Flaherty, OD ‘48

Russell D. Fradkin, OD ‘78

Philip E. Friedman, OD, ‘62

Stuart A. Friedman, OD ‘81

Harriett Gadson

Gary A. Galante, OD ‘84

Jaclyn E. Garlich, OD ‘10

Roland E. Gaudette, OD ‘59

Edward C. Godnig, OD ‘76

Steven A. Goldstein, OD ‘83

Lucinda A. Gould

Catherine Grant

Marcia K. Green, OD ‘74

Howard I. Greenberg

Maritza Y. Grey, OD ‘11

David L. Guiseley, OD ‘87

Camille M. Guzek-Latka, OD ‘83

Paul V. Hamel, OD ‘94

Marie Hill

Douglas J. Hoffman, OD ‘80

Ingrid Hoogendoorn

Scott D. Huffer, OD ‘06

Jonathon H. Jimmerson, OD ‘12

Andrew M. Jones, OD ‘94

Emily S. Kachinsky, OD ‘08

Susan B. Kahn

Cheryl Kane-Robson, OD ‘80

Tracy Kelley

Peter Keville

Drs. Barry M. Kowalik and

Denise Dobbins-Kowalik ‘89

Lisa M. Kralian, OD, ‘85

Michael Lakher, OD ‘88, PhD

Lauren Ann LaPaglia, OD ‘05

20


Stephanie Chin Lau

Shelia Lawler

Mark A. Leipert, OD ‘00

Colin L. Leitch, MDiv

Wayne M. Levasseur, OD ‘80

Joyce Libby

Lockheed Martin Corporation

Foundation

James M. Lombardi

Lois and Myles Lopatin

Barbara R. Louie, OD ‘77

Eric Lynch

Stacy Ayn Lyons, OD ‘88

David E. Magnus, OD ‘81

Alexis Malkin, OD ‘08

Neil Malkin, OD ‘83

Martin O. Mark, OD ‘66

Steven A. Markow, OD ‘81

MassMutual

Brittney J. Mazza, OD ‘10

John McGinty

Gordon McMurdo, OD ‘54

Medway Lions Club

Mr. and Ms. Wally Mei

John M. Melnyk, OD ‘91, PhD

Barbara Meltzer

Jeffrey S. Meltzer

John C. Minardi, OD ‘85

David C. Momnie, OD ‘74

Kathy A. Moreira-Tortorici, OD ‘01

Jeffrey L. Morer OD ‘88

Anne Moskowitz, OD ‘93

Nicholas V. Motto, OD ‘02

Sandy Moy

Mutual of America Foundation

William M. Myers, OD ‘52

Yanna K. Nachtigall, OD ‘04

Tecleab G. Neguse

New England Private Wealth

Advisors, LLC

Jad Osmanski, OD ‘08

John R. Paskowski, OD ‘88

Deborah Picard

Brian J. Pietrantonio, OD ‘11

Steven L. Pinson, OD ‘77

Cynthia Pollard

Susan A. Primo, OD ‘85, MPH

Steven Rafalowsky, OD ‘81

B. Naimah Rashid

Anthony Regonini, OD ‘78

Diana M. Risco, OD ‘97

Mark Risher

Neil I. Schram, OD ‘71

Margot S. Seligman, OD ‘85

Hank Shafran and Dr. Toni Delisi

Mirage Shah, OD ‘12

Robert H. Sherrin, OD ‘77

Tia Shorter

Michael A. Simeone, OD ‘82

L. Mark Slawson

William E. Sleight, OD ‘82

Richard N. Small, CPA

Harrison T. Smiley, OD ‘68

Paul L. Sonenblum, OD ‘03

Bernard Stecher, OD ‘52

Dr. and Mrs. Richard Stellar

Drs. Mitchell B. and

Regina A. Strand ‘84

Irwin B. Suchoff, OD ‘59, DOS

Emily Summers

Philip L. Sutherland, OD ‘86

Irving J. Tanzman, OD ‘66

Mr. and Mrs. Stephen Taylor

Kristie Teets, OD ‘04

Denise A. Thomas-Wilcox, OD ‘85, PhD

Kristen Tobin

Dr. Paul and Mrs. Mary Torraca

Mark A. Traveis, OD ‘93

Caitlin Trosko

Glenda Underwood

David G. Vanderloop, OD ‘04

Ana Vargas

Brian W. Wadman, OD ‘85

Ellis Walker

Qiaoqiao Wang, OD ‘13

Mr. and Mrs. Leon S. White

Mr. and Mrs. Caleb Wong

Meng M. Xu, OD

Min Xu, OD ‘12

Beverly Young, OD ‘88

Mr. and Mrs. Norman Young

Mr. and Mrs. Peter Zaksheski

Ling Zhang

Mr. and Mrs. Lenard Zohn

Joel Zuckerbraun, OD ‘82

In Kind

Drs. Michael J. Cohn ‘77 and

Suzanne LuCash Cohn ‘79

Haag-Streit USA

Keeler Instruments, Inc.

Robert W. Kerwin, OD ‘60

Donald R. Korb, OD

Luxottica Group

Amy C. Nau, OD ‘00

Eliezer Peli, OD ‘83

Vasiliki Poulaki, MD, PhD

Tresca

TruForm Optics, Inc.

Volk Optical, Inc.

ANNUAL REPORT 2015

21


NEW ENGLAND COLLEGE OF OPTOMETRY AND NEE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

June 30, 2015 and 2014

2015

2014

Assets

Cash and cash equivalents

$

7,805,753

$

3,913,906

Accounts receivable, net

765,048

941,679

Prepayments and other assets

763,921

608,013

Contributions receivable, net

260,393

290,439

Student loans, net

8,780,110

8,152,476

Investments

15,297,745

14,843,249

Property, plant, and equipment, net

10,841,836

11,403,587

Total assets

$

44,514,806

$

40,153,349

Liabilities and Net Assets

Liabilities:

Accounts payable and accrued expenses

$

1,900,291

$

1,366,001

Annuity obligations

84,175

106,645

Deferred revenue

2,960,568

2,202,838

Bonds payable

7,280,000

7,695,000

Refundable U.S. government grants

7,564,558

7,381,703

Total liabilities

19,789,592

18,752,187

Net assets:

Unrestricted

$

16,740,600

$

13,349,337

Temporarily restricted

5,736,727

5,817,361

Permanently restricted

2,247,887

2,234,464

Total net assets

24,725,214

21,401,162

Total liabilities and net assets

$

44,514,806

$

40,153,349

NECO Operating Revenues

NECO Operating Expenses

Patient Care

Contributions

Auxiliary Enterprises

Grants & Contracts

Interest Income

Other Sources

Institutional

Support

Student

Services

Clinical Instruction

& Patient Care

ANNUAL REPORT 2015

Tuition & Fees

Academic

Support

Research

Instruction

22


NEW ENGLAND COLLEGE OF OPTOMETRY AND NEE CONSOLIDATED STATEMENTS OF ACTIVITIES

Year Ended June 30, 2015

(with comparative totals for 2014)

Unrestricted

Temporarily

Restricted

Permanently

Restricted

2015

2014

Operating revenues

Tuition and fees

$ 20,796,025

-

-

$ 20,796,025

$ 19,229,341

Less scholarships and grants

(528,783)

-

-

(528,783)

(388,779)

Tuition and fees, net

20,267,242

-

-

20,267,242

18,840,562

Contributions

241,125

60,983

8,275

310,383

473,310

Patient care

4,443,987

-

-

4,443,987

4,262,753

Grants and contracts

1,147,485

-

-

1,147,485

1,084,493

Interest income

32,021

-

-

32,021

24,517

Other sources

57,041

-

-

57,041

195,941

Auxiliary enterprises

125,880

-

-

125,880

113,149

Total operating revenues

26,314,781 60,983 8,275 26,384,039 24,994,725

Net assets released from restrictions

338,882

(338,882)

-

-

-

Total operating revenues and net assets

released from restrictions

26,653,663

(277,899)

8,275

26,384,039

24,994,725

Operating expenses

Clinical instruction and patient care

8,100,868

-

-

8,100,868

8,385,894

Instruction

5,646,906

-

-

5,646,906

5,324,443

Research

1,102,381

-

-

1,102,381

1,076,715

Academic support

2,035,413

-

-

2,035,413

1,785,812

Student services

1,612,733

-

-

1,612,733

1,514,243

Institutional support

4,697,966

-

-

4,697,966

5,688,037

Auxiliary enterprises

275,613

-

-

275,613

237,320

Total operating expenses

23,471,880

-

-

23,471,880

24,012,464

Change in net assets from operating activities

3,181,783

(277,899)

8,275

2,912,159

982,261

Non-operating activities

Investment return

212,780

197,265

-

410,045

2,246,241

Change in value of charitable remainder trust

(3,300)

-

-

(3,300)

22,207

Change in value of annuity obligations

-

-

5,148

5,148

(5,727)

Change in fair value of interest rate swap

-

-

-

-

65,679

Change in net assets

3,391,263

(80,634)

13,423

3,324,052

3,310,661

Net assets as of beginning of year

13,349,337

5,817,361

2,234,464

21,401,162

18,090,501

Net assets as of end of year

$ 16,740,600 $ 5,736,727 $ 2,247,887 $ 24,725,214 $

21,401,162

ANNUAL REPORT 2015

23


FOSTER NAMIAS LEGACY SOCIETY

An Investment in NECO’s Future

For generations, optometry has been an integral part of the family of

Paul A. DeCesare, OD ’69. Dr. DeCesare developed his interest in eye

care watching his two uncles treat patients; he now runs the practice

founded in 1947 by Roland H. DeCesare, OD ’44. “NECO opened the

door to a wonderful profession that continues to fulfill me after more

than 40 years,” he says. Inspired by his passion for optometry and his

appreciation for NECO, Dr. DeCesare joined the institution’s Legacy

Society to help ensure that both his profession and his alma mater

continue to thrive.

“NECO opened

the door to

a wonderful

profession

that continues

to fulfill me

after more

than 40 years.”

Paul A. DeCesare, OD ’69

Dr. DeCesare has maintained his connection with NECO over the years

through a range of alumni activities, including the College’s continuing

education programs. “NECO has invested in my education throughout

my career,” he explains. “As optometry has evolved, I’ve been able to

stay up to date on the latest industry knowledge through my association

with the College.”

By remaining involved with the school, Dr. DeCesare has observed

firsthand the evolution of NECO’s offerings. “The current administration

has taken the College to a new level in terms of how it prepares

students for success,” he says. “Today’s graduates receive more robust

medical training through clinical experience, which enables them to

better serve their patients’ needs.” Dr. DeCesare has welcomed many

NECO students and alumni into his Providence, RI, practice as interns

and assistants, and he is consistently impressed by their intelligence,

enthusiasm, and preparedness. “Simply put, the College is producing

better doctors now than ever before.”

With his generous gift to the College through the Legacy Society,

Dr. DeCesare hopes to give future generations of students access to

the exceptional opportunities NECO offers. “I feel very fortunate to

have attended optometry school, and to have built a successful career

as a result of the training I received at NECO,” he says. “I owe that

success in part to the Alumni Association Scholarship I received as a

student; I hope my gift will help bring a NECO education within reach

for bright, motivated students in the future.”

ANNUAL REPORT 2015

To learn more about becoming a member of The Legacy Society,

please contact: Cindy Gould

Director of Development

617.587.5647

gouldc@neco.edu

24


NEW ENGLAND COLLEGE OF OPTOMETRY 2015-2016

Board of Trustees

Corporators

Brian S. Klinger, OD, Board Chair

Pano Yeracaris, MD, MPH, Vice Chair

Clifford A. Scott, OD ‘68, MPH, President

Myron Allukian, Jr., DDS, MPH

Joan M. Exford, OD, DOS

Ronald R. Ferrucci, OD ‘74

Howard (Hank) Greenberg

Kristen K. Griebel, OD ‘97

William J. Halpin, Jr., MBA

Richard Heller

Dorothy L. Hitchmoth, OD ’96

Andrew Hoar

Stephen N. Kirnon, MBA, EdD

Colin L. Leitch, MDiv

Kelly M. MacDonald, OD ‘01

Robert F. Meenan, MD, MPH, MBA

Rachel E. Negris, OD ‘84

Joel B. Rosen, MBA

Richard N. Small, CPA

Norman C. Spector, JD

Joseph P. Zolner, EdD

Emeritus Members

Joseph J.F. Bickford, OD ‘65

Lester M. Brackley, OD ‘68

Francis L. DiMella, AIA

G. Burtt Holmes, OD ‘52, LHD

Charles F. Mullen, OD ‘69, DOS

Adelbert O. Parrott, OD ‘34*

Paul B. Taylor, OD ‘55*

Lester M. Brackley, OD ‘68

David J. Caban, OD ‘77

Cornelius “Con” Chapman, JD

Michael J. Cohn, OD ‘77

Howard M. Coleman, OD ‘57

Matthew E. Elgart, OD ‘66

Jennifer L. Ellison, OD ‘07

Elmer Freeman, BS, MSW

Philip E. Friedman, OD, ‘62

Fernando Hidalgo Santa Cruz, OD ‘87

Celia A. Hinrichs, OD ‘79

Robert H. Honnors, OD ‘63

Barbara D. Kamens

Farooq A. Khan, OD ‘02

Cynthia P. Macdonald, JD

Norman A. MacLeod, Jr., LHD *

David Miller, MD

Robert S. Miller, CFE, CPA

Joseph F. Molinari, OD ‘74, MEd

George R. Montminy, OD ‘69

Joseph F. Osmanski, OD ‘74

Gerard P. Phelan

David A.V. Reynolds, DrPH, LHD

Solomon K. Slobins, OD ‘50

John A. Stefanini, JD

Irwin B. Suchoff, OD ‘59, DOS

Michael R. Taylor, MEd

Thomas F. Terry, OD ‘75

* Deceased


New England College of Optometry

www.neco.edu

424 Beacon Street, Boston, Massachusetts 02115 617.587.5647

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