NATIONAL FEDERATION OF THE BLIND OF MINNESOTA INC

EIN: 410721641 501(c)(3)

Minneapolis, MN

Total Revenue
$46,560
Total Expenses
$81,644
Total Assets
$545,894
Net Assets
$545,621
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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
MN
Principal Officer
Corbb O'Connor
Phone
6128729363
Tax Period
2024-01-01 to 2024-12-31

NATIONAL FEDERATION OF THE BLIND OF MINNESOTA INC, founded in 1920, is a micro nonprofit that reported $47K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $82K exceeded revenue, resulting in a 75% operating deficit.

Mission

The NFB of Minnesota is an organization made up of blind and sighted people working to improve the lives of blind Minnesota residents by providing assistance and services to parents, blind workers, and consumers of rehabilitation services.

Program Service Accomplishments

Program 1
Expenses: $10,835 Revenue: $0

Program A: Education, Civil Rights, and Self-Organization - Operated community outreach offices to provide information to the public about blindness and how to help blind people and to locate blind...

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Program A: Education, Civil Rights, and Self-Organization - Operated community outreach offices to provide information to the public about blindness and how to help blind people and to locate blind persons in need of assistance. Provided assistance to blind people to attend seminars and workshops designed to assist the blind in learning methods and techniques of organizing local groups of blind people for self-help and in learning about library services, rehabilitation services, new technology, aids, devices, and other resources and materials. Developed, produced, or distributed in print, Braille, and/or recorded media materials relating to blindness. Provided information to individuals, employers, governmental agencies, and the general public through written, telephone, personal, and media contacts. Developed and strengthened state and local organizations of the blind (self-help and support groups) and provided legal assistance, encouragement, information, or advocacy assistance to blind persons. Worked to improve services of governmental and private agencies established to give services to the blind through consumer input, technical assistance, and monitoring. It is estimated that educational activities in one way or another impact upon at least one million individuals in this state annually. Such services are available to and benefit all of the blind of this state. Additionally, since improvements for blind persons in this state affect all blind persons in the country, these activities potentially benefit in excess of half a million blind people.

Program 2
Expenses: $68,185 Revenue: $0

Program B: Specialized Programs and Services - Provided scholarships to blind students. Provided direct assistance to individual blind persons to meet specific needs. Sponsored seminars and other...

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Program B: Specialized Programs and Services - Provided scholarships to blind students. Provided direct assistance to individual blind persons to meet specific needs. Sponsored seminars and other activities to assist parents of blind children. Sponsored seminars and other activities to create better employment opportunities for blind persons. Helped to make available specialized aids, devices, tools, and materials for the blind-Braille writing equipment, measuring devices, white canes, clocks, watches, talking calculators, etc. Operated NEWSLINE for the Blind(R), a free digital talking newspaper service available by telephone for the blind. Provided Braille materials to the blind. Made grants to provide services of the kind described herein and to improve educational, vocational, and cultural opportunities for the blind. The activities described herein potentially benefit all blind persons in this state, and improvements in opportunities here expand opportunities for the half million blind persons in the country as well as creating more opportunities for the blind adults of tomorrow.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,971
Program Service Revenue $0
Investment Income $6,589
Other Revenue $0
TOTAL REVENUE $46,560

Expense Breakdown

Grants Paid $14,881
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,020
Other Expenses $66,763
TOTAL EXPENSES $81,644

Year-over-Year Comparison

2024 2023 Change
Revenue $46,560 $52,168 -0.1%
Expenses $81,644 $130,516 -0.4%
Net Income $-35,084 $-78,348 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corbb O'Connor President 10
Officer Director
$0 $0 $0
Steve Sawczyn Vice President 2
Officer Director
$0 $0 $0
Jennifer Dunnam Treasurer 10
Officer Director
$0 $0 $0
Steve Jacobson Board Member 2
Director
$0 $0 $0
Dale Heltzer Board Member 2
Director
$0 $0 $0
Kotuma Kamara Board Member 2
Director
$0 $0 $0
Mike Colbrunn Board Member 2
Director
$0 $0 $0
Jan Bailey Board Member 2
Director
$0 $0 $0
Dave Andrews Secretary 2
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $46,560 $81,644 $545,894 $-35,084
2022 $41,895 $59,896 $489,569 $-18,001
2021 $38,586 $38,938 $604,544 $-352
2020 $45,489 $103,037 $556,017 $-57,548
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