Civic Intelligence

L C Industries Foundation

990 • Fiscal year 2014 • EIN 45-5200306

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 09, 2015

Organization ProfileN/A
4500 Emperor BoulevardDurham, NC 27703

(919) 596-8277

Siviq Scores

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

Liabilities / Assets

1st percentile

0.00x

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

2014 filings • NTEE P • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

1st percentile

0.00x

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

2014 filings • NTEE P • $25M-$50M nonprofits • Source year 2014

Net Margin

99th percentile

94%

Higher net margin than 99% of similar nonprofits.

2014 filings • NTEE P • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

96th percentile

$925,756

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2014 filings • NTEE P • $25M-$50M nonprofits • Source year 2014

Asset Growth

97th percentile

66%

Faster asset growth than 97% of similar nonprofits.

2014 filings • NTEE P • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

3rd percentile

-30%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • NTEE P • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$29,822,773

Up $11,807,922 (+66%) from 2013

Net Assets

Up

$29,822,773

Up $11,807,922 (+66%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin99th percentile

Revenue

$12,584,765

No earlier filing loaded for comparison.

Expenses

Up

$781,648

Up $755,966 (+2944%) from 2013

Net Income

$11,803,117

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$80M$60M$40M$20M$0Assets 2013: $18,014,851Liabilities 2013: $0Net Assets 2013: $18,014,8512013Assets 2014: $29,822,773Liabilities 2014: $0Net Assets 2014: $29,822,7732014Assets 2015: $44,233,007Liabilities 2015: $0Net Assets 2015: $44,233,0072015Assets 2016: $46,295,580Liabilities 2016: $0Net Assets 2016: $46,295,5802016Assets 2017: $52,860,379Liabilities 2017: $0Net Assets 2017: $52,860,3792017Assets 2018: $54,705,907Liabilities 2018: $0Net Assets 2018: $54,705,9072018Assets 2019: $56,582,480Liabilities 2019: $0Net Assets 2019: $56,582,4802019Assets 2020: $63,133,395Liabilities 2020: $0Net Assets 2020: $63,133,3952020Assets 2021: $70,225,807Liabilities 2021: $0Net Assets 2021: $70,225,8072021Assets 2022: $64,591,160Liabilities 2022: $0Net Assets 2022: $64,591,1602022Assets 2023: $68,313,434Liabilities 2023: $0Net Assets 2023: $68,313,4342023Assets 2024: $73,147,325Liabilities 2024: $0Net Assets 2024: $73,147,3252024

Highlighted filing

2014

Assets$29,822,773
Liabilities$0
Net Assets$29,822,773
Open 2014 Filing

Operations Trend

Revenue Growth3rd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $25,6822013Revenue 2014: $12,584,765Expenses 2014: $781,648Net Income 2014: $11,803,1172014Revenue 2015: $14,729,859Expenses 2015: $2,030,458Net Income 2015: $12,699,4012015Revenue 2016: $3,964,064Expenses 2016: $661,561Net Income 2016: $3,302,5032016Revenue 2017: $5,936,402Expenses 2017: $3,715,007Net Income 2017: $2,221,3952017Revenue 2018: $4,740,004Expenses 2018: $4,633,389Net Income 2018: $106,6152018Revenue 2019: $4,167,814Expenses 2019: $2,296,745Net Income 2019: $1,871,0692019Revenue 2020: $6,759,120Expenses 2020: $2,466,217Net Income 2020: $4,292,9032020Revenue 2021: $7,494,768Expenses 2021: $2,253,302Net Income 2021: $5,241,4662021Revenue 2022: $851,710Expenses 2022: $1,356,449Net Income 2022: -$504,7392022Revenue 2023: $3,029,940Expenses 2023: $2,307,535Net Income 2023: $722,4052023Revenue 2024: $1,925,410Expenses 2024: $1,601,907Net Income 2024: $323,5032024

Highlighted filing

2014

Revenue$12,584,765
Expenses$781,648
Net Income$11,803,117
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 9, 2015
Return Version
2013v4.0
Gross Receipts
$12,584,765
Mission and Program Overview

Mission

To improve the lives and well being of persons who are blind, and to offer such persons opportunities for education, training and job related skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$18,014,851$29,822,773▲ $11,807,922
Investments in Publicly Traded Securities$3,416,832$29,074,483▲ $25,657,651
Savings and Temporary Cash Investments$14,598,019$748,290▼ $13,849,729
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$18,014,851$29,822,773▲ $11,807,922
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,014,851$29,822,773▲ $11,807,922
Total Liabilities and Net Assets / Fund Balance$18,014,851$29,822,773▲ $11,807,922
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
William HudsonPresident
John JanesSecretary
Stephen HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,000,000
Program Service Revenue
$0
Investment Income
$584,765
Other Revenue
$0
Change in Net Assets
$11,803,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$665,000
Other Expenses$116,648
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$665,000--$665,000
Fees for Service Investment Mgmnt Fees$116,283--$116,283
Other Expenses$365--$365
Total Functional Expenses$781,648$0$0$781,648
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
56-0532129-501(c)(3)Operational Support$250,000
56-6049935-501(c)(3)Operational Support$200,000
73-0592386-501(c)(3)Operational Support$100,000
27-3107617-501(c)(3)Operational Support$90,000
58-1528968-501(c)(3)Operational Support$25,000
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 will be reviewed by the board prior to filing with the irs.”

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

“The organization adheres to its conflict of interest policy document by consistantly monitoring the independence of its board members”

Form 990, Part VI, Section C, Line 18

“Copies are provided upon request.”

Form 990, Part VI, Section C, Line 19

“Copies of governing documents, conflict of interest policy, and financial statements are provided upon request.”

Filing and Contact Details

Filer

EIN
45-5200306
Phone
9195968277

Signing Officer

Name
William Hudson
Title
President
Phone
9195968277
Signed
2015-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hudson
Formed
2012
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Preparer
Amy Bibby
Phone
8282542254
Raw XML AppendixShowing 400 of 406 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/FormationYr02012
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0665000
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IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt00
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04805
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOREIGN TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt0365
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleA/CertificationInd0X
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IRS990ScheduleA/ContributionControllerInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc09
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0665000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10LC INDUSTRIES INC
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IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt2100000
IRS990ScheduleI/RecipientTable/CashGrantAmt390000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10TRIANGLE RADIO READING SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11DUKE UNIVERSITY EYE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12NEWVIEW OKLAHOMA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13ILLINOIS EYE-BANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14WINGATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0581528968
IRS990ScheduleI/RecipientTable/RecipientEIN1560532129
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine10211 EAST SIX FORKS ROAD SUITE 103
IRS990ScheduleI/RecipientTable/USAddress/AddressLine112351 ERWIN RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12PO BOX 24020
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13547 WEST JACKSON BLVD STE 600
IRS990ScheduleI/RecipientTable/USAddress/AddressLine14PO BOX 159
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IRS990ScheduleI/RecipientTable/USAddress/State1NC
IRS990ScheduleI/RecipientTable/USAddress/State2OK
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IRS990ScheduleI/RecipientTable/USAddress/State4NC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SUPPORTS ITS PARENT ORGANIZATION, LC INDUSTRIES, INC., BY MAKING GRANTS TO CHARITABLE ORGANIZATION THAT SUPPORT INDIVIDUALS WHO ARE BLIND.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM HUDSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ADHERES TO ITS CONFLICT OF INTEREST POLICY DOCUMENT BY CONSISTANTLY MONITORING THE INDEPENDENCE OF ITS BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,822,773
Liabilities
$0
Net assets
$29,822,773
Revenue
$12,584,765
Expenses
$781,648
Net income
$11,803,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$73.1$0.00$73.1$1.93$1.60$0.32
2023Detailed filing. Detailed filing data is available for this year.$68.3$0.00$68.3$3.03$2.31$0.72
2022Detailed filing. Detailed filing data is available for this year.$64.6$0.00$64.6$0.85$1.36$0.50
2021Detailed filing. Detailed filing data is available for this year.$70.2$0.00$70.2$7.49$2.25$5.24
2020Detailed filing. Detailed filing data is available for this year.$63.1$0.00$63.1$6.76$2.47$4.29
2019Detailed filing. Detailed filing data is available for this year.$56.6$0.00$56.6$4.17$2.30$1.87
2018Detailed filing. Detailed filing data is available for this year.$54.7$0.00$54.7$4.74$4.63$0.11
2017Detailed filing. Detailed filing data is available for this year.$52.9$0.00$52.9$5.94$3.72$2.22
2016Detailed filing. Detailed filing data is available for this year.$46.3$0.00$46.3$3.96$0.66$3.30
2015Detailed filing. Detailed filing data is available for this year.$44.2$0.00$44.2$14.7$2.03$12.7
2014Detailed filing. Detailed filing data is available for this year.$29.8$0.00$29.8$12.6$0.78$11.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.00$18.0$0.03