Minnesota State Academy for the Blind Foundation
The purpose of the MSAB Foundation is to raise funds to enhance the education of the students at the Minnesota State Academy for the Blind and to help them achieve their full potential.
Mission Statement
Review Completed: 12/3/2010
From the Council
Even though Minnesota State Academy for the Blind Foundation had three consecutive years of unrestricted net asset losses, in 2008 the loss was less than 2%, which meets the Council's Financial Health standard.
P.O. Box 52 Faribault, MN 55021
Phone: 507-332-7206
Fax: 507-333-5858
| EIN |
41-1739069 |
| Principal Staff |
Rolland Baldwin, President |
| Number of Full-Time Equivalents (FTE) |
0 |
| Number of Volunteers |
12 |
| Number of Clients Served |
50 |
General Information
| Board Chair |
Rolland Baldwin |
| Number of Board Members |
13 |
| Board meetings with quorum |
8 |
| Average Member Attendance at Board Meetings |
7.75 |
| Publicly Available Documents |
Most Recent 990
|
Board
Accomplishments
The MSAB Foundation successfully funded and completed installation of a bike path and obstacle course for use by MSAB students.
Current Goals
The MSAB Foundation approved funding for classroom equipment to enhance vocational learning, mathematics instruction, music and performing arts experiences, and physical education with the installation of a climbing wall.
Community or Constituency Served
Blind and visually impaired students who attend the Minnesota State Academy for the Blind.
Geographic Area Served
State of Minnesota residents.
Impact and Programs
3 Year Average Expenses
| Program Services: |
$39,966 |
86.9% |
| Management: |
$3,839 |
8.3% |
| Fundraising: |
$2,192 |
4.8% |
Unrestricted Net Assets
|
2010 |
2009 |
2008 |
| End of Year: |
$146,979 |
$114,289 |
$131,543 |
| Beginning of Year |
$114,289 |
$131,543 |
$132,927 |
| Difference |
$32,690 |
($17,254) |
($1,384) |
| Unrestricted Net Assets (End of Year), Current 990 |
$146,979 |
| Based on information provided on 2008 to 2010 |
|
Financials
|