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← NORTHEASTERN ASSOCIATION FOR THE BLIND FOUNDATION INC

Form 990 for tax year 2024

Filed by NORTHEASTERN ASSOCIATION FOR THE BLIND FOUNDATION INC.

Totals

Total revenue
$45,787
Total expenses
$1,942,001
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$45,787
Other revenue
$0
Total assets, end of year
$1,434,435
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,434,435
Program services expenses (Part IX)
$1,921,215
Management and general expenses
$20,786
Fundraising expenses
$0
Program service expenses (Part III)
$1,921,215

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $45,787 · excluded $45,787

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $663 · management and general $663

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 20 · Interest

    total $14,116 · management and general $14,116

  • 24a · Other expenses: FORGIVENESS OF DEBT

    total $1,921,215 · program services $1,921,215

  • 24b · Other expenses: MISCELLANEOUS

    total $1,007 · management and general $1,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $237,680 · end of year $10,867

  • 7 · Other notes and loans receivable

    beginning of year $1,869,058 · end of year $130,956

  • 11 · Investments: publicly traded securities

    beginning of year $1,758,037 · end of year $1,292,612

  • 23 · Secured mortgages and notes payable

    beginning of year $748,381

  • 27 · Net assets without donor restrictions

    beginning of year $3,006,253 · end of year $1,324,294

  • 28 · Net assets with donor restrictions

    beginning of year $110,141 · end of year $110,141

Mission and programs · 2024

Mission

TO FURTHER SUPPORT THE MISSION OF THE NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY, INC. BY PROVIDING FINANCIAL AND OTHER SUPPORT IN THE FURTHERANCE OF THE ASSOCIATION'S PURPOSE.

  • THE FOUNDATION'S PURPOSE IS TO ASSIST IN SUPPORTING VARIOUS PROGRAMS AND EXPENSES AT THE NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY. INC. TO ENSURE THE PROGRAMS CONTINUE TO BE OFFERED TO INDIVIDUALS WHO ARE VISUALLY IMPAIRED.

    Expenses $1,921,215

As filed on the 2024 return.

Listed in Part VII

  • Laura E Zeliger

    CEO

    Total calculated
    $176,507
    From this org
    $0
    From related orgs
    $172,190
    Other
    $4,317
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $172,190 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,317 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $176,507 related

  • John McDonald

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Bohne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Murray

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Tim Distefano

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • James Watkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Steven A Smith Jr

    NABA PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J - PART II - LINE 1:
THE ORGANIZATION'S COMPENSATION METHODS ARE DETERMINED BY NORTHEASTERN ASSOCIATION OF THE BLIND. SEE NORTHEASTERN ASSOCIATION OF THE BLIND'S SCHEDULE J FOR THE COMPENSATION METHODS DETERMINED FOR THE CHIEF EXECUTIVE OFFICER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202543049349302509

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