New England Eye Institute Inc.

“The new england college of optometry is the sole member of new england eye institute, inc.”

“The new england college of optometry is the sole member of the new england eye institute, inc.”

“Under neei's by-laws, the new england college of optometry as sole member, in addition to those powers and rights granted under massachusetts law, has the power to appoint the initial directors of neei, to appoint and remove the president of neei, to manage the investments of neei, to review and approve capital or development plans over a certain amount, to review and approve all proposed operating and capital budgets, to appoint the independent auditor, to approve all mortgages or granting of a security interest in the assets of neei, etc.”

“Form 990 was reviewed by the cfo, the executive vp/coo, and the president, as well as the finance, audit and business affairs committee of the board of trustees. A copy was provided to the full board of trustees for review prior to filing.”

“The institute's written conflict of interest policy requires trustees, officers, and key employees to report at least annually, on a written basis, any conflict or potential conflict of interest. Those statements are first reviewed by the governance and trusteeship committee and then referred to the finance, audit and business affairs committee. After review and clarification, those conflicts are only discussed with the full board when viewed as material. Trustees are prohibited from voting on matters involving an actual or potential conflict and are requested to recuse themselves from voting on such matters.”

“The institute's senior director of owned clinics and outreach affiliations, and senior director of community health center initiatives and optical practice compliance, report jointly to neco's executive vice president/coo and to neco's vice president academic affairs. Compensation is determined by the executive vice president/coo with input from neco's vice president academic affairs. Compensation for these positions was determined using benchmark data for comparable positions; annual salary increases are determined through the annual performance evaluation process.”

“Audited financial statements are publicly available on the college's website. Audited financial statements and form 990 are publicly available on the massachusetts attorney general's website. Form 990 is publicly available at www.guidestar.org. Form 990, governing documents, and the conflict of interest policy are available on written request.”

“Compensation for employees of new england eye institute, inc. Is administered by the new england college of optometry, including the filing of payroll tax returns.”

“The number of calendar 2024 employees shown on part i, line 5, includes full-time and part-time regular employees as well as federal work study and similar students.”