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THE NEW ENGLAND COLLEGE OF OPTOMETRY
THE NEW ENGLAND COLLEGE OF OPTOMETRY
BOSTON, MA, US
•
a.k.a
NECO
•
501(c)(3)
•
EIN
04-1591060
•
WWW.NECO.EDU
•
•
School
Women Led
BIPOC Led
LGBTQ+ Led
THE NEW ENGLAND COLLEGE OF OPTOMETRY
BOSTON, MA, US
•
a.k.a
NECO
•
501(c)(3)
•
EIN
04-1591060
•
WWW.NECO.EDU
•
•
School
Women Led
BIPOC Led
LGBTQ+ Led
Overview
Programs
990s
Income Statement
Balance Sheet
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People
Board & Team
Financials
Financial Trends
Funding
Funders
Grants Received
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Balance Sheet
Fiscal Year Start:
Jul 1
Assets in
2024
(Year End)
$88,102,234
Investments
69%
Cash & Equivalents
11%
Receivables (Non-Related)
9%
Property, Plant, & Equipment (net)
8%
Other Assets
1%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in
2024
(Year End)
$13,526,966
Other Liabilities
48%
Tax-Exempt Bond Liabilities
21%
Deferred Revenue
19%
Payables & Accruals
12%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,952,736
$10,080,890
+27%
Receivables (Non-Related)
$8,616,531
$7,612,542
-12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$847,355
$928,079
+10%
Investments
$53,163,986
$61,149,745
+15%
Property, Plant, & Equipment (net)
$7,885,249
$7,203,984
-9%
Other Assets
$1,248,199
$1,126,994
-10%
Total Assets
$79,714,056
$88,102,234
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,297,702
$1,681,379
+30%
Grants Payable
-
-
-
Deferred Revenue
$2,754,077
$2,605,008
-5%
Tax-Exempt Bond Liabilities
$3,365,000
$2,800,000
-17%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,834,957
$6,440,579
-6%
Total Liabilities
$14,251,736
$13,526,966
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$13,519,538
$14,243,880
+5%
Unrestricted Net Assets
$51,942,782
$60,331,388
+16%
Net assets
2023
2024
Change
Net assets
+$65,462,320
+$74,575,268
+14%
Balance Sheet
