The Illinois College of Optometry (ICO) is an innovator in optometric education, patient care, and the profession of optometry. Through a 4-year doctoral program, ICO develops highly qualified clinical optometrists through excellence in optometric education. The ICO campus has a full-service eye clinic, Illinois Eye Institute (IEI), on-site. IEI, provides compassionate, affordable eye and vision care to vulnerable populations in Chicago. CPS students were seen at the Lewenson Center since CPS closed the Princeton Clinic. ICO conducts research into optometry and related sciences; the College funds or otherwise carries out projects considered beneficial to its profession or community.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $362k
- Bonus
- $51k
- Other
- $2k
- Benefits
- $43k
- Base
- $247k
- Bonus
- $30k
- Other
- $2k
- Benefits
- $12k
- Base
- $236k
- Bonus
- $28k
- Other
- $2k
- Benefits
- $12k
- Base
- $220k
- Bonus
- $30k
- Other
- $774
- Benefits
- $30k
- Base
- $206k
- Bonus
- $3k
- Other
- $414
- Benefits
- $42k
- Base
- $207k
- Bonus
- $24k
- Other
- $162
- Benefits
- $11k
- Base
- $207k
- Bonus
- $28k
- Other
- $270
- Benefits
- —
- Base
- $178k
- Bonus
- $3k
- Other
- $1k
- Benefits
- $43k
- Base
- $180k
- Bonus
- $2k
- Other
- $1k
- Benefits
- $39k
- Base
- $186k
- Bonus
- $2k
- Other
- $774
- Benefits
- $37k
- Base
- $178k
- Bonus
- $2k
- Other
- $270
- Benefits
- $42k
- Base
- $146k
- Bonus
- $1k
- Other
- $774
- Benefits
- $14k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentile | $362k | $51k | $2k | $43k | $485k $537k |
VP of Academic Affairs Board Vice President 75th to 90th percentile | $247k | $30k | $2k | $12k | $321k $355k |
VP of Patient Care Board Vice President 75th to 90th percentile | $236k | $28k | $2k | $12k | $308k $341k |
VP of Business and Finance/cfo Vice President 75th to 90th percentile | $220k | $30k | $774 | $30k | $294k $325k |
Professor of Optometry Highest Compensated Employee Above 90th percentile | $206k | $3k | $414 | $42k | $274k $303k |
Dean for Student Affairs Key Employee Median to 75th percentile | $207k | $24k | $162 | $11k | $264k $292k |
Chief Operating Officer at Iei 75th to 90th percentile | $207k | $28k | $270 | — | $256k $284k |
Professor of Optometry Highest Compensated Employee 75th to 90th percentile | $178k | $3k | $1k | $43k | $255k $282k |
Professor of Optometry Highest Compensated Employee 75th to 90th percentile | $180k | $2k | $1k | $39k | $252k $279k |
Professor of Optometry Highest Compensated Employee 75th to 90th percentile | $186k | $2k | $774 | $37k | $240k $266k |
Professor of Optometry Highest Compensated Employee 75th to 90th percentile | $178k | $2k | $270 | $42k | $222k $246k |
Professor of Optometry / Board of Trustees Board Member Above 90th percentile | $146k | $1k | $774 | $14k | $186k $206k |
Board of Trustees Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 22 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Illinois College of Optometry equaled 1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 9%
from 2022
From $443k in 2022 to $485k in 2023.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 9% from 2022 to 2023, while revenue fell 4%.
- Board Vice President pay rose 13% from 2022 to 2023.
- Vice President pay rose 15% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Illinois College of Optometry
What does the Chief Executive Officer of Illinois College of Optometry earn?
In 2023, the Chief Executive Officer of Illinois College of Optometry received $485,050 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Illinois College of Optometry compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at Illinois College of Optometry falls in the top 10%. In 2023, the highest total compensation at Illinois College of Optometry equaled 1% of the organization's total expenses. The median for education organizations is 7%.
What are Illinois College of Optometry's revenue and expenses?
In 2023, Illinois College of Optometry reported $37.1M in total revenue and $38.5M in total expenses on its IRS Form 990.
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