Civic Intelligence

L C Industries Foundation

990 • Fiscal year 2019 • EIN 45-5200306

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 26, 2020

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

2nd percentile

0.00x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

2nd percentile

0.00x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

91st percentile

45%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$906,250

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

45th percentile

3.4%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$56,582,480

Up $1,876,573 (+3.4%) from 2018

Net Assets

Up

$56,582,480

Up $1,876,573 (+3.4%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin91st percentile

Revenue

Down

$4,167,814

Down $572,190 (-12%) from 2018

Expenses

Down

$2,296,745

Down $2,336,644 (-50%) from 2018

Net Income

Up

$1,871,069

Up $1,764,454 (+1655%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2019

Assets$56,582,480
Liabilities$0
Net Assets$56,582,480
Open 2019 Filing

Operations Trend

Revenue Growth18th 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

2019

Revenue$4,167,814
Expenses$2,296,745
Net Income$1,871,069
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 26, 2020
Return Version
2018v3.2
Gross Receipts
$4,167,814
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$54,705,907$56,582,480▲ $1,876,573
Investments in Publicly Traded Securities$51,130,479$52,929,568▲ $1,799,089
Savings and Temporary Cash Investments$3,575,427$3,652,912▲ $77,485
Cash and Non-Interest-Bearing Accounts$1--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$54,705,907$56,582,480▲ $1,876,573
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$54,705,907$56,582,480▲ $1,876,573
Total Liabilities and Net Assets / Fund Balance$54,705,907$56,582,480▲ $1,876,573
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
William HudsonPresident
Patrick LindseyBoard Member
John JanesSecretary
Stephen HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000,000
Program Service Revenue
$0
Investment Income
$1,167,814
Other Revenue
$0
Change in Net Assets
$1,871,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,024,700
Other Expenses$272,045
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,024,700--$2,024,700
Fees for Service Investment Mgmnt Fees-$182,338-$182,338
Depreciation Depletion$37,931--$37,931
Interest$34,082--$34,082
Fees for Services Accounting-$11,950-$11,950
Office Expenses$5,269--$5,269
Travel$475--$475
Total Functional Expenses$2,102,457$194,288$0$2,296,745
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Duke University Eye CenterDurham, NC501(c)(3)Hudson Visual Function Gift Fund$400,000
Envision FoundationWichita, KS501(c)(3)Support for the Envision Workforce Innovation Center$285,000
Phoenix Childrens FoundationPhoenix, AZ501(c)(3)To Support the Endowed Chair in Neonatology$250,000
Southeastern Guide Dogs IncPalmetto, FL501(c)(3)Support for Guide Dog Training Program$250,000
Braille Institute of America IncLos Angeles, CA501(c)(3)To Support the Lo Vision Rehab Service$167,000
Newview OklahomaOklahoma City, OK501(c)(3)To Aid in Program Expansion$100,000
Southeastern Guide Dogs IncPalmetto, FL501(c)(3)To Support Children and Teen Program$100,000
Triangle Radio Reading ServiceRaleigh, NC501(c)(3)Operational Support$100,000
Vision Resource CenterSan Antonio, TX501(c)(3)Operational Support$95,700
EversightAnn Arbor, MI501(c)(3)To Support Cornea Graft Safety Program$85,000
Envision FoundationWichita, KS501(c)(3)Operational Support$75,000
Newview OklahomaOklahoma City, OK501(c)(3)Support for Guide Dog Training Program$50,000
Semper Fi FundCamp Pendleton, CA501(c)(3)Operational Support$50,000
City of HopeDuarte, CA501(c)(3)Operational Support$15,000
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 11B

“The form 990 is prepared by an independent accounting firm. 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

Filer Name
L C Industries Foundation
EIN
45-5200306
Phone
9195968277
Address
4500 EMPEROR BOULEVARD, DURHAM, NC 27703

Signing Officer

Name
William Hudson
Title
President
Phone
9195968277
Signed
2020-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hudson
Formed
2012
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
2

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustment related to prior year grants 111,965.”

Raw XML AppendixShowing 400 of 533 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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IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT FOR THE ENVISION WORKFORCE INNOVATION CENTER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO SUPPORT CHILDREN AND TEEN PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FOR GUIDE DOG TRAINING PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4HUDSON VISUAL FUNCTION GIFT FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO SUPPORT THE LO VISION REHAB SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO SUPPORT THE ENDOWED CHAIR IN NEONATOLOGY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9TO SUPPORT CORNEA GRAFT SAFETY PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10TO AID IN PROGRAM EXPANSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11SUPPORT FOR GUIDE DOG TRAINING PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ENVISION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ENVISION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SOUTHEASTERN GUIDE DOGS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SOUTHEASTERN GUIDE DOGS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4DUKE UNIVERSITY EYE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5TRIANGLE RADIO READING SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6BRAILLE INSTITUTE OF AMERICA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7PHOENIX CHILDRENS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8CITY OF HOPE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9EVERSIGHT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10NEWVIEW OKLAHOMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11NEWVIEW OKLAHOMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12SEMPER FI FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13VISION RESOURCE CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0203874095
IRS990ScheduleI/RecipientTable/RecipientEIN1203874095
IRS990ScheduleI/RecipientTable/RecipientEIN2592252352
IRS990ScheduleI/RecipientTable/RecipientEIN3592252352
IRS990ScheduleI/RecipientTable/RecipientEIN4562070036
IRS990ScheduleI/RecipientTable/RecipientEIN5581528968
IRS990ScheduleI/RecipientTable/RecipientEIN6951641426
IRS990ScheduleI/RecipientTable/RecipientEIN7742421549
IRS990ScheduleI/RecipientTable/RecipientEIN8953435919
IRS990ScheduleI/RecipientTable/RecipientEIN9382117115
IRS990ScheduleI/RecipientTable/RecipientEIN10730592386
IRS990ScheduleI/RecipientTable/RecipientEIN11730592386
IRS990ScheduleI/RecipientTable/RecipientEIN12260086305
IRS990ScheduleI/RecipientTable/RecipientEIN13742930723
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0610 N MAIN 4TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1610 N MAIN 4TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24210 77TH STREET E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt34210 77TH STREET E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4710 W MAIN STREET SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5211 E SIX FORKS RD STE 103
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6741 N VERMONT AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt72929 E CAMELBACK RD 122
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt81500 E DUARTE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt93985 RESEARCH PARK DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10501 N DOUGLAS AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11501 N DOUGLAS AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12BOX 555193
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt131250 NE LOOP 410 SUITE 630
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WICHITA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WICHITA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PALMETTO
IRS990ScheduleI/RecipientTable/USAddress/CityNm3PALMETTO
IRS990ScheduleI/RecipientTable/USAddress/CityNm4DURHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm5RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/CityNm6LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm7PHOENIX
IRS990ScheduleI/RecipientTable/USAddress/CityNm8DUARTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm9ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm10OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm11OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm12CAMP PENDLETON
IRS990ScheduleI/RecipientTable/USAddress/CityNm13SAN ANTONIO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd11OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd12CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd13TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd067203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd167203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd234221
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd334221
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd427701
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd527609
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd690029
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd785016
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd891010
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd948108
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1073118
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1173118
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1292055
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1378209
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:
IRS990ScheduleI/Total501c3OrgCnt011
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd01
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0334000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0545098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM HUDSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0906250
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ANNUAL PROFITS OF THE COMPANY INDIRECTLY INFLUENCE AMOUNTS REWARDED AS ANNUAL BONUSES TO ALL EMPLOYEES INCLUDING OFFICERS. ALL BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS OF RELATED ENTITY, L C INDUSTIRES, INC.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL PROFITS OF THE COMPANY INDIRECTLY INFLUENCE AMOUNTS REWARDED AS ANNUAL BONUSES TO ALL EMPLOYEES INCLUDING OFFICERS. ALL BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS OF RELATED ENTITY, L C INDUSTRIES, INC.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 5
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 5 :
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE 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/ExplanationTxt4ADJUSTMENT RELATED TO PRIOR YEAR GRANTS 111,965.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,582,480
Liabilities
$0
Net assets
$56,582,480
Revenue
$4,167,814
Expenses
$2,296,745
Net income
$1,871,069
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