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The mission of the Illinois College of Optometry is to develop highly qualified clinical optometrists through excellence in optometric education.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$38.5M
Total Contributions
$3.4M
Total Expenses
▼$36.8M
Total Assets
$100.2M
Total Liabilities
▼$33M
Net Assets
$67.2M
Officer Compensation
→$1.9M
Other Salaries
$15.6M
Investment Income
▼$1.6M
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.9M
Awards Found
9
Department of Health and Human Services
$445K
COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING - CONSTRUCTION
Department of Education
$429.8K
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND - INSTITUTION PORTION
Department of Health and Human Services
$419.4K
PPHF ? 2013 - COOPERATIVE AGREEMENT TO SUPPORT NAVIGATORS IN FEDERALLY-FACILITATED AND STATE PARTNERSHIP EXCHANGES
Department of Health and Human Services
$381.7K
FAMILY STUDY OF CTRP5 MUTATION, LONG ZONULES, MACULAR DEGENERATION AND GLAUCOMA
Department of Education
$381.5K
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND - STUDENT PORTION
Department of Education
$325.1K
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND - FIPSE
Department of Health and Human Services
$300K
COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING - CONSTRUCTION - THE ILLINOIS COLLEGE OF OPTOMETRY, 3241 S. MICHIGAN AVENUE, CHICAGO, IL 60616-3878 DANIEL REN, CHIEF OPERATING OFFICER OF THE ILLINOIS EYE INSTITUTE. 312.949.7102, DREN@ICO.EDU; WWW.ICO.EDU; THIS REQUEST FOR FUNDING IS FOR EQUIPMENT PURCHASES ONLY FOR DIAGNOSTIC TESTING AND TREATMENT OF PATIENTS WITH AND/OR AT RISK OF DEVELOPING GLAUCOMA. INVESTMENT IN MEDICAL DEVICES WILL HELP IMPROVE PATIENT CARE DELIVERY AND EFFECTIVE HEALTH OUTCOMES. THE ILLINOIS COLLEGE OF OPTOMETRY IS SPECIFICALLY ASKING FOR SEVERAL DIAGNOSTIC TOOLS, THAT INCLUDE: MOUNTED VISUAL FIELD TESTING DEVICES, OPTICAL COHERENCE TOMOGRAPHY (OCT) IMAGING DEVICE FOR DIAGNOSIS AND MONITORING, AND SELECTIVE LASER TRABECULOPLASTY (SLT) AND YAG LASER INSTRUMENTATION FOR THE TREATMENT OF GLAUCOMA. WE ARE ALSO REQUESTING FUNDING FOR THE ESTABLISHMENT OF EXAM LANES, WHICH INCLUDES STANDARD CLINIC CHAIR AND TRAY, SLIT LAMP, TONOMETER, TACHOMETER, AND ULTRASOUND BIO MICROSCOPE. THE MAJORITY OF EQUIPMENT PURCHASES HAVE A LIFE SPAN OF 10-15 YEARS, WHILE THE SOFTWARE COMPONENTS MAY HAVE A RENEWAL CYCLE OF APPROXIMATELY 3-5 YEARS. CLINICAL UPGRADES, INCLUDING ELECTRICAL AND CONSTRUCTION, ARE NOT NECESSARY FOR THIS PROJECT.
Department of Health and Human Services
$267.2K
CLINICAL OBSERVATIONS OF OCULAR LENS ULTRASTRUCTURAL CHANGES WITH AGE AND ACCOMMO
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $29.1M | Yes | 2025-12-10 |
| 2024 | Clean | Unmodified (Clean) | $29.1M | Yes | 2024-10-31 |
| 2023 | Clean | Unmodified (Clean) | $28.7M | Yes | 2023-11-01 |
| 2022 | Clean | Unmodified (Clean) | $29.1M | Yes | 2022-11-09 |
| 2021 | Clean | Unmodified (Clean) | $30.3M | Yes | 2021-12-02 |
| 2020 | Clean | Unmodified (Clean) | $29.6M | Yes | 2021-03-01 |
| 2019 | Clean | Unmodified (Clean) | $32.4M | Yes | 2019-11-19 |
| 2018 | Clean | Unmodified (Clean) | $32.4M | Yes | 2018-11-19 |
| 2017 | Clean | Unmodified (Clean) | $34M | Yes | 2017-11-12 |
| 2016 | Clean | Unmodified (Clean) | $35.4M | Yes | 2017-01-05 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$29.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$29.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$28.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$29.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$30.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$29.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$32.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$32.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$34M
Financial Report
Unmodified (Clean)
Federal Expenditure
$35.4M
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $38.5M | $3.4M | $36.8M | $100.2M | $67.2M |
| 2022 | $38.1M | $2.5M | $35.6M | $102.3M | $65.6M |
| 2021 | $41.4M | $6.8M | $36.5M | $110.2M | $70.9M |
| 2020 | $36.5M | $2M | $36.2M | $101.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| $56.6M |
| 2019 | $41M | $2.8M | $38.9M | $101.9M | $57.3M |
| 2018 | $40.4M | $2.1M | $39.1M | $101M | $53.5M |
| 2017 | $41.7M | $2.2M | $40.4M | $102.7M | $50.8M |
| 2016 | $39.3M | $1.9M | $39.1M | $100M | $46.2M |
| 2015 | $39M | $2.9M | $38.1M | $101.7M | $46.4M |
| 2014 | $39.5M | $2.9M | $37.9M | $101.6M | $44.8M |
| 2013 | $36M | $2M | $34.9M | $97.7M | $40.5M |
| 2012 | $36.8M | $3.9M | $33M | $95.4M | $36.4M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |