Civic Intelligence

Metrolina Association for the Blind Inc

EIN 56-0529998 • 501(c)3 • Charlotte, NC

View Organization Page

Profile

The association's mission is to reduce, prevent or eliminate the daily challenges experienced by people living with blindness or visual impairment, and to facilitate the personal growth and development of such individuals.

704 Louise AveCharlotte, NC 28204

www.mabnc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.51x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE G • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

75th percentile

0.24x

Higher debt load relative to revenue than 75% of similar nonprofits.

NTEE G • $1M-$5M nonprofits • Source year 2025

Net Margin

49th percentile

8.0%

Higher net margin than 49% of similar nonprofits.

NTEE G • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$160,629

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

NTEE G • $1M-$5M nonprofits • Source year 2025

Asset Growth

69th percentile

14%

Faster asset growth than 69% of similar nonprofits.

NTEE G • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

52nd percentile

12%

Faster revenue growth than 52% of similar nonprofits.

NTEE G • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$2,132,703

Up $267,802 (+14%) from 2024

Liabilities

Down

$1,082,799

Down $99,121 (-8.4%) from 2024

Net Assets

Up

$1,049,904

Up $366,923 (+54%) from 2024

Operations
Liabilities / Revenue75th percentileNet Margin49th percentile

Revenue

Up

$4,579,491

Up $501,929 (+12%) from 2024

Expenses

Up

$4,212,568

Up $301,401 (+7.7%) from 2024

Net Income

Up

$366,923

Up $200,528 (+121%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $977,636Liabilities 2011: $357,795Net Assets 2011: $619,8412011Assets 2012: $934,062Liabilities 2012: $408,370Net Assets 2012: $525,6922012Assets 2013: $912,011Liabilities 2013: $417,361Net Assets 2013: $494,6502013Assets 2014: $990,061Liabilities 2014: $320,291Net Assets 2014: $669,7702014Assets 2015: $1,157,442Liabilities 2015: $346,237Net Assets 2015: $811,2052015Assets 2016: $1,353,549Liabilities 2016: $435,163Net Assets 2016: $918,3862016Assets 2017: $1,378,600Liabilities 2017: $571,878Net Assets 2017: $806,7222017Assets 2018: $1,250,256Liabilities 2018: $510,567Net Assets 2018: $739,6892018Assets 2019: $1,067,189Liabilities 2019: $572,171Net Assets 2019: $495,0182019Assets 2020: $1,602,742Liabilities 2020: $1,030,644Net Assets 2020: $572,0982020Assets 2021: $1,550,880Liabilities 2021: $599,857Net Assets 2021: $951,0232021Assets 2022: $1,978,768Liabilities 2022: $971,163Net Assets 2022: $1,007,6052022Assets 2023: $1,731,831Liabilities 2023: $1,215,245Net Assets 2023: $516,5862023Assets 2024: $1,864,901Liabilities 2024: $1,181,920Net Assets 2024: $682,9812024Assets 2025: $2,132,703Liabilities 2025: $1,082,799Net Assets 2025: $1,049,9042025

Highlighted filing

2025

Assets$2,132,703
Liabilities$1,082,799
Net Assets$1,049,904
Open 2025 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,468,0382011Revenue 2012: $3,023,486Expenses 2012: $3,117,635Net Income 2012: -$94,1492012Expenses 2013: $3,398,2272013Revenue 2014: $3,538,960Expenses 2014: $3,363,840Net Income 2014: $175,1202014Revenue 2015: $3,602,300Expenses 2015: $3,460,865Net Income 2015: $141,4352015Revenue 2016: $3,673,282Expenses 2016: $3,566,101Net Income 2016: $107,1812016Revenue 2017: $3,833,717Expenses 2017: $3,945,381Net Income 2017: -$111,6642017Revenue 2018: $3,960,123Expenses 2018: $4,027,156Net Income 2018: -$67,0332018Revenue 2019: $3,501,419Expenses 2019: $3,628,894Net Income 2019: -$127,4752019Revenue 2020: $3,449,045Expenses 2020: $3,371,965Net Income 2020: $77,0802020Revenue 2021: $3,809,591Expenses 2021: $3,430,666Net Income 2021: $378,9252021Revenue 2022: $3,646,463Expenses 2022: $3,589,881Net Income 2022: $56,5822022Revenue 2023: $3,797,365Expenses 2023: $4,288,384Net Income 2023: -$491,0192023Revenue 2024: $4,077,562Expenses 2024: $3,911,167Net Income 2024: $166,3952024Revenue 2025: $4,579,491Expenses 2025: $4,212,568Net Income 2025: $366,9232025

Highlighted filing

2025

Revenue$4,579,491
Expenses$4,212,568
Net Income$366,923
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,132,703
Liabilities
$1,082,799
Net assets
$1,049,904
Revenue
$4,579,491
Expenses
$4,212,568
Net income
$366,923
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.13$1.08$1.05$4.58$4.21$0.37
2024Detailed filing. Detailed filing data is available for this year.$1.86$1.18$0.68$4.08$3.91$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.73$1.22$0.52$3.80$4.29$0.49
2022Detailed filing. Detailed filing data is available for this year.$1.98$0.97$1.01$3.65$3.59$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.60$0.95$3.81$3.43$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.60$1.03$0.57$3.45$3.37$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.57$0.50$3.50$3.63$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.51$0.74$3.96$4.03$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.57$0.81$3.83$3.95$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.44$0.92$3.67$3.57$0.11
2015Summary only. Only limited summary data is available for this year.$1.16$0.35$0.81$3.60$3.46$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.32$0.67$3.54$3.36$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.42$0.49$3.40
2012Summary only. Only limited summary data is available for this year.$0.93$0.41$0.53$3.02$3.12$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.36$0.62$3.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 2, 2026
Return Version
2024v5.5
Gross Receipts
$4,593,768
Mission and Program Overview

Mission

The association's mission is to reduce, prevent or eliminate the daily challenges experienced by people living with blindness or visual impairment, and to facilitate the personal growth and development of such individuals.

Enable people experiencing blind and visual impairment to adjust to their vision loss and manage selected daily living activities independently by the provision of the direct services of therapeutic casework, rehabilitative teaching, orientation and mobility instruction, low vision training and clinical assessment, door-through-door transportation, and support service. In addition to one-on-one sessions, mab provides group training and support for mobility management, independent living, vocational readiness, accessible training, and community engagement. Additionally, the organization provides accessible document / communication services to organizations to support the independence of individuals experiencing vision loss through the receipt of information or documents that allow the individual to manage their personal finances and daily living independently.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$636,156$784,862▲ $148,706
Savings and Temporary Cash Investments$475,332$629,208▲ $153,876
Land, Buildings, and Equipment, Net$442,953$477,600▲ $34,647
Prepaid Expenses and Deferred Charges$33,807$54,432▲ $20,625
Inventories for Sale or Use$41,508$54,108▲ $12,600
Cash and Non-Interest-Bearing Accounts$327$327→ $0
Total Assets$1,864,901$2,132,703▲ $267,802
Other Assets Total$234,818$132,166▼ $102,652
Liabilities
Mortgage Notes Payable Secured by Investment Property$762,129$785,904▲ $23,775
Accounts Payable and Accrued Expenses$184,973$164,729▼ $20,244
Other Liabilities$234,818$132,166▼ $102,652
Total Liabilities$1,181,920$1,082,799▼ $99,121
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$576,383$752,304▲ $175,921
Net Assets With Donor Restrictions$106,598$297,600▲ $191,002
Total Net Assets Fund Balance$682,981$1,049,904▲ $366,923
Total Liabilities and Net Assets / Fund Balance$1,864,901$2,132,703▲ $267,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$383,689$977,618$1,361,307
Buildings$1,183$500,560$501,743
Leasehold Improvements$29,551$159,362$188,913
Land$35,000-$35,000
Other Land Buildings$28,177-$28,177
Other Assets Org$132,166--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Laurie HoffmanOptometristFT$156,539$4,090$160,629
Tracy Libertino - FegarskyPresident / CEOFT$155,015$444$155,459
Richard HartnessSenior Software DeveloperFT$126,638-$126,638
Benjamin PackSenior Software DeveloperFT$108,855$3,872$112,727
Keisha ParrisControllerFT$82,085$3,823$85,908

Board Members and Trustees

NameTitle
Morgan AllenChairman
Becky DavidsonVice Chairman
Alicia TorresDirector
Anne OnafowokanDirector
JOANNE O'BRIEN BEAMDirector
Michelle TreadawayDirector
Roberto YonDirector
Sabrena Boyd FoxxDirector
William Cowden JrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$841,396
Program Service Revenue
$3,738,375
Investment Income
$11,837
Other Revenue
$-12,117
All Other Contributions
$394,264
Change in Net Assets
$366,923

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,576,091
Revenue Not Reported on Financial Statements
$3,400
Revenue Not Reported on Form 990
$14,277
Other Revenue Adjustments
$3,400
Total Revenue per Audited Statements
$4,590,368
Total Revenue per Form 990
$4,579,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,888,588
Other Expenses$1,323,980
Total Fundraising Expense$70,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,048,294$172,231$26,103$2,246,628
Current Officers, Directors, Trustees, and Key Employees$256,710$21,586$3,271$281,567
Fees for Services Other$115,923$120,979$11,503$248,405
Payroll Taxes$183,759$15,127$2,513$201,399
Other Employee Benefits$144,730$13,240$1,024$158,994
All Other Expenses$120,764$17,284$5,925$143,973
Depreciation Depletion$128,550$14,850$261$143,661
Other Expenses$89,986$0$0$89,986
Interest$16,249$26,972-$43,221
Conferences and Meetings$15,240$2,669$950$18,859
Occupancy$1,979$8,693-$10,672
Total Functional Expenses$3,679,754$462,609$70,205$4,212,568

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,223,445
Total Expenses per Form 990$4,212,568
Expenses per Audited Statements$4,209,168
Expenses Not Reported on Form 990$14,277
Expenses Not Reported on Financial Statements$3,400
Other Expense Adjustments$3,400
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,277
Fundraising Gross Income$2,160
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mardigras Ball$26,963$2,160$4,555$-2,395
Total Events$26,963$2,160$14,277$-12,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Non-current$66,113
Lease Liability - Current$66,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Organization's process is to have a meeting to review the form 990 with the board finance committee, the president & ceo and controller. Once it is reviewed for accuracy and any questions are answered and it is ready for approvals, it is then made available to all board members to vote to confirm accuracy before submission.”

Form 990, Part VI, Section B, Line 12C

“The board of directors monitor for any conflict of interest per the by-laws and any concern is reviewed by the executive committee. A director is required to abstain from discussions and voting if it is determinded there may be a conflict. The staff officers adhere to the policy as stated in the employee manual and do not vote.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviews the recommendations of the president using an industry specific compensation survey done by vision serve alliance or industry standard publications.”

Form 990, Part VI, Section C, Line 19

“All governing documents and financial statements may be examined upon request. They are compiled by the controller and approved by the president & ceo prior to release.”

Filing and Contact Details

Filer

Filer Name
Metrolina Association for the Blind Inc
EIN
56-0529998
Phone
7048875101
Address
704 LOUISE AVE, CHARLOTTE, NC 28204

Signing Officer

Name
Tracy Libertino-fegarsky
Title
President
Phone
7048875101
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Libertino-fegarsky
Formed
1938
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
47
Volunteers
52

Preparer

Firm
Greerwalker Llp
Address
227 WEST TRADE ST SUITE 1100, CHARLOTTE, NC 28202
Preparer
Paula P Tilley
Phone
7043770239
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“Yes, initially created by the controller, reviewed and approved by the the finance committee.”

Financial Statement Notes

PART X, LINE 2:

“The association is a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, no provision for income taxes has been made in the accompanying financial statements. The association records liabilities for income tax positions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities. There were no such positions as of june 30, 2025 and 2024. Therefore, no liabilities for uncertain tax positions were recorded as of june 30, 2025 and 2024.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses 14,277.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain from sale of assets 3,400.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses 14,277.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Gain from sale of assets 3,400.”

Raw XML AppendixShowing 400 of 594 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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