Civic Intelligence

A Brighter Path Foundation

990 • Fiscal year 2021 • EIN 26-3376328

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

7730 North Point DriveWinstonsalem, NC 27106

(336) 759-0551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$533,564

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 181.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

24th percentile

0.6%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

6.1%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$10,117,523

Up $59,019 (+0.6%) from 2020

Net Assets

Up

$10,117,523

Up $148,519 (+1.5%) from 2020

Liabilities

Down

$0

Down $89,500 (-100%) from 2020

Revenue

Up

$293,441

Up $16,802 (+6.1%) from 2020

Expenses

Down

$86,708

Down $987,661 (-92%) from 2020

Net Income

Up

$206,733

Up $1,004,463 (+126%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $184,323Liabilities 2010: $4,002Net Assets 2010: $180,3212010Assets 2011: $263,774Liabilities 2011: $1,677Net Assets 2011: $262,0972011Assets 2012: $247,430Liabilities 2012: $1,552Net Assets 2012: $245,8782012Assets 2013: $252,833Liabilities 2013: $24,246Net Assets 2013: $228,5872013Assets 2014: $210,907Liabilities 2014: $29,150Net Assets 2014: $181,7572014Assets 2015: $186,573Liabilities 2015: $76,302Net Assets 2015: $110,2712015Assets 2016: $156,473Liabilities 2016: $5,793Net Assets 2016: $150,6802016Assets 2017: $76,186Liabilities 2017: $428Net Assets 2017: $75,7582017Assets 2019: $10,576,715Liabilities 2019: $25,000Net Assets 2019: $10,551,7152019Assets 2020: $10,058,504Liabilities 2020: $89,500Net Assets 2020: $9,969,0042020Assets 2021: $10,117,523Liabilities 2021: $0Net Assets 2021: $10,117,5232021Assets 2022: $9,971,532Liabilities 2022: $993,330Net Assets 2022: $8,978,2022022Assets 2023: $161,423Liabilities 2023: $24,500Net Assets 2023: $136,9232023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$10,117,523
Liabilities$0
Net Assets$10,117,523

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2010: $342,735Expenses 2010: $239,275Net Income 2010: $103,4602010Expenses 2011: $202,6792011Expenses 2012: $276,2982012Expenses 2013: $415,7472013Revenue 2014: $1,136,606Expenses 2014: $1,183,436Net Income 2014: -$46,8302014Revenue 2015: $334,007Expenses 2015: $405,493Net Income 2015: -$71,4862015Revenue 2016: $521,966Expenses 2016: $481,557Net Income 2016: $40,4092016Revenue 2017: $387,431Expenses 2017: $462,353Net Income 2017: -$74,9222017Revenue 2019: $293,302Expenses 2019: $98,653Net Income 2019: $194,6492019Revenue 2020: $276,639Expenses 2020: $1,074,369Net Income 2020: -$797,7302020Revenue 2021: $293,441Expenses 2021: $86,708Net Income 2021: $206,7332021Revenue 2022: $49,761Expenses 2022: $87,557Net Income 2022: -$37,7962022Revenue 2023: $125,294Expenses 2023: $126,634Net Income 2023: -$1,3402023Revenue 2024: $8,014Expenses 2024: $73,347Net Income 2024: -$65,3332024

Highlighted filing

2021

Revenue$293,441
Expenses$86,708
Net Income$206,733
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.2
Gross Receipts
$514,461
Mission and Program Overview

Mission

To operate exclusively for charitable purposes for the benefit of, to perform the functions of, and to carry out the purposes of winston-salem industries for the blind, inc., a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,887,228$9,996,037▲ $108,809
Cash and Non-Interest-Bearing Accounts$158,776$121,486▼ $37,290
Pledges and Grants Receivable$12,500$0▼ $12,500
Total Assets$10,058,504$10,117,523▲ $59,019
Liabilities
Accounts Payable and Accrued Expenses$89,500$0▼ $89,500
Total Liabilities$89,500$0▼ $89,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,956,504$10,117,523▲ $161,019
Net Assets With Donor Restrictions$12,500$0▼ $12,500
Total Net Assets Fund Balance$9,969,004$10,117,523▲ $148,519
Total Liabilities and Net Assets / Fund Balance$10,058,504$10,117,523▲ $59,019
Compensation and Service Providers

Board Members and Trustees

NameTitle
John GoogeChair
David HortonPresident
John RowlandVice Chair
Jeff ClarkDirector
Wayne MorganDirector
Robert BurgessCFO, Treasurer
Mark DoughtonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$293,441
Other Revenue
$0
Change in Net Assets
$206,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$293,441
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-58,214
Total Revenue per Audited Statements
$235,227
Total Revenue per Form 990
$293,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$60,000-$60,000
Fees for Services Accounting-$14,000-$14,000
Other Expenses-$208-$208
Total Functional Expenses$0$86,708$0$86,708

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$86,708
Total Expenses per Audited Statements$86,708
Total Expenses per Form 990$86,708
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

After review by wsifb financial management personnel, the form 990 is distributed to all members of the board, the goverance body charged with approval of the filing of the return, for the purpose of conducting a detailed review of the form 990. Once the form 990 is reviewed by all members of the board, the vice president of finance of wsifb and the president of the foundation are available to any board member to discuss any questions or concerns raised regarding the content of the return. Once any and all issues are resolved, the board approves the return for filing as prepared, or with agreed-upon changes. Following board aproval, the form 990 is timely filed with the irs.

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

On an annual basis, the board of directors distributes a conflicts of interest disclosure statement to all board members and officers. The board, along with wsifb compliance personnel, examine the completed statements and promptly investigate and resolve any real or perceived conflicts.

Form 990, Part VI, Section C, Line 19

All governing documents are maintained by the foundation president's executive assistant. This employee makes available these documents upon request. The financial statements are maintained by the vice president of finance of wsifb. The vice president of finance makes these statements, as disclosed in the form 990, available upon request. The conflict of interest policy is maintained by the board of directors. The board chair makes this policy available upon request.

Filing and Contact Details

Filer

Filer Name
Ifb Solutions Foundation Inc
EIN
26-3376328
Phone
3367590551
Address
7730 NORTH POINT DRIVE, WINSTONSALEM, NC 27106

Signing Officer

Name
David Horton
Title
President
Phone
3367590551
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Horton
Formed
2008
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Forvis Llp
Address
1829 EASTCHESTER DRIVE, HIGH POINT, NC 27265
Preparer
Brian L Doud
Phone
3368895156
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There is no change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The foundation has determined that it does not have any material unrecognized tax benefits or obligations as of september 30, 2021. Contributions made to the foundation are tax deductible within the limitations prescribed by the internal revenue code.

Raw XML AppendixShowing 400 of 432 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt089500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC., A 501(C)(3) ORGANIZATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JASON MOSER
IRS990/BooksInCareOfDetail/PhoneNum03362455648
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07730 NORTH POINT DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WINSTONSALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027106
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0158776
IRS990/CashNonInterestBearingGrp/EOYAmt0121486
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0293441
IRS990/CYOtherExpensesAmt086708
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0206733
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt086708
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0293441
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0OPERATING EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF OR CARRYING OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. AS A TYPE ONE SUPPORTING ORGANIZATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt012500
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014000
IRS990/FeesForServicesAccountingGrp/TotalAmt014000
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt060000
IRS990/FeesForServicesManagementGrp/TotalAmt060000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt525272
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt634005
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN GOOGE
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN ROWLAND
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK DOUGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm4WAYNE MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT BURGESS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5508292
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6265496
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO, TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt014120
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0235140
IRS990/GrossReceiptsAmt0514461
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0279321
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0279321
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09887228
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09996037
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0221020
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC., A 501(C)(3) ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09969004
IRS990/NetAssetsOrFundBalancesEOYAmt010117523
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014120
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014120
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-58214
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09956504
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010117523
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1BANKING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1208
IRS990/OtherExpensesGrp/TotalAmt012500
IRS990/OtherExpensesGrp/TotalAmt1208
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt012500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID HORTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0642
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01000000
IRS990/PYInvestmentIncomeAmt0275997
IRS990/PYOtherExpensesAmt074369
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-797730
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01074369
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0276639
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0206733
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566001467
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WINSTON-SALEM INDUSTRIES FOR THE BLIND INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt086708
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-58214
IRS990ScheduleD/RevenueNotReportedAmt0-58214
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0293441
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2021. CONTRIBUTIONS MADE TO THE FOUNDATION ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt086708
IRS990ScheduleD/TotalRevenuePerForm990Amt0293441
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0235227
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt086708
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0143157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt157383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0356716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1204999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt111017
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt122988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt08419
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt13114
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID HORTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT BURGESS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO, TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0533564
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1299501
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0WSIFB, IFB SOLUTIONS FOUNDATION, INC.'S SUPPORTED ORGANIZATION, SPONSORS A 457(F) DEFERRED COMPENSATION RETIREMENT PLAN IN WHICH THE FOLLOWING EMPLOYEES PARTICIPATE. AMOUNTS SHOWN REPRESENT PAYMENTS MADE FROM THE PLAN DURING 2020. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II), AS APPLICABLE. THE AMOUNTS CONTAIN COMPENSATION REPORTED AS DEFERRED ON PRIOR FORMS 990 AND INCLUDED IN SCHEDULE J, PART II, COLUMN (F). DAVID HORTON ($138,634) ROBERT BURGESS ($54,600)
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER REVIEW BY WSIFB FINANCIAL MANAGEMENT PERSONNEL, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD, THE GOVERANCE BODY CHARGED WITH APPROVAL OF THE FILING OF THE RETURN, FOR THE PURPOSE OF CONDUCTING A DETAILED REVIEW OF THE FORM 990. ONCE THE FORM 990 IS REVIEWED BY ALL MEMBERS OF THE BOARD, THE VICE PRESIDENT OF FINANCE OF WSIFB AND THE PRESIDENT OF THE FOUNDATION ARE AVAILABLE TO ANY BOARD MEMBER TO DISCUSS ANY QUESTIONS OR CONCERNS RAISED REGARDING THE CONTENT OF THE RETURN. ONCE ANY AND ALL ISSUES ARE RESOLVED, THE BOARD APPROVES THE RETURN FOR FILING AS PREPARED, OR WITH AGREED-UPON CHANGES. FOLLOWING BOARD APROVAL, THE FORM 990 IS TIMELY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS DISTRIBUTES A CONFLICTS OF INTEREST DISCLOSURE STATEMENT TO ALL BOARD MEMBERS AND OFFICERS. THE BOARD, ALONG WITH WSIFB COMPLIANCE PERSONNEL, EXAMINE THE COMPLETED STATEMENTS AND PROMPTLY INVESTIGATE AND RESOLVE ANY REAL OR PERCEIVED CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE MAINTAINED BY THE FOUNDATION PRESIDENT'S EXECUTIVE ASSISTANT. THIS EMPLOYEE MAKES AVAILABLE THESE DOCUMENTS UPON REQUEST. THE FINANCIAL STATEMENTS ARE MAINTAINED BY THE VICE PRESIDENT OF FINANCE OF WSIFB. THE VICE PRESIDENT OF FINANCE MAKES THESE STATEMENTS, AS DISCLOSED IN THE FORM 990, AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS MAINTAINED BY THE BOARD OF DIRECTORS. THE BOARD CHAIR MAKES THIS POLICY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WINSTON-SALEM INDUSTRIES FOR THE BLIND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0566001467
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TRAINING, EMPLOYMENT AND SERVICES FOR BLIND AND VISUALLY-IMPAIRED PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07730 NORTH POINT DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WINSTONSALEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027106
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt020000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt140000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WINSTON-SALEM INDUSTRIES FOR THE BLIND
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1WINSTON-SALEM INDUSTRIES FOR THE BLIND
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010058504
IRS990/TotalAssetsEOYAmt010117523
IRS990/TotalAssetsGrp/BOYAmt010058504
IRS990/TotalAssetsGrp/EOYAmt010117523
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086708
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt086708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089500
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt089500
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09969004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010117523
IRS990/TotalOtherCompensationAmt059277
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0293441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0293441
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010058504
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010117523
IRS990/TotReportableCompRltdOrgAmt0773788
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07730 NORTH POINT DRIVE
IRS990/USAddress/CityNm0WINSTONSALEM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027106
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IFBSOLUTIONSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.07$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.13$0.13$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.97$0.99$8.98$0.05$0.09$0.04
2021Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$0.29$0.09$0.21
2020Detailed filing. Detailed filing data is available for this year.$10.1$0.09$9.97$0.28$1.07$0.80
2019Detailed filing. Detailed filing data is available for this year.$10.6$0.03$10.6$0.29$0.10$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.39$0.46$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.52$0.48$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.08$0.11$0.33$0.41$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.03$0.18$1.14$1.18$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.02$0.23$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.34$0.24$0.10