Civic Intelligence

Industries of the Blind Inc

EIN 56-0532308 • 501(c)3 • Greensboro, NC

View Organization Page

Profile

To provide opportunities for employment and personal development for people who are blind or visually impaired to achieve greater independence.

920 W Gate City BlvdGreensboro, NC 27403

www.industriesoftheblind.com

Siviq Scores

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

Liabilities / Assets

75th percentile

0.54x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

4.33x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

6th percentile

-42%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

69th percentile

$360,921

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

45th percentile

3.8%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-21%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$26,500,746

Up $963,090 (+3.8%) from 2024

Liabilities

Up

$14,196,116

Up $2,265,582 (+19%) from 2024

Net Assets

Down

$12,304,630

Down $1,302,492 (-9.6%) from 2024

Operations
Liabilities / Revenue93rd percentileNet Margin6th percentile

Revenue

Down

$3,280,716

Down $854,319 (-21%) from 2024

Expenses

Up

$4,646,705

Up $709,287 (+18%) from 2024

Net Income

Down

-$1,365,989

Down $1,563,606 (-791%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$30M$20M$10M$0Assets 2010: $20,768,247Liabilities 2010: $8,494,426Net Assets 2010: $12,273,8212010Assets 2011: $18,970,475Liabilities 2011: $1,840,748Net Assets 2011: $17,129,7272011Assets 2012: $20,736,632Liabilities 2012: $2,626,338Net Assets 2012: $18,110,2942012Assets 2013: $17,708,323Liabilities 2013: $785,151Net Assets 2013: $16,923,1722013Assets 2014: $16,110,312Liabilities 2014: $1,337,087Net Assets 2014: $14,773,2252014Assets 2015: $16,244,389Liabilities 2015: $2,182,963Net Assets 2015: $14,061,4262015Assets 2016: $14,924,074Liabilities 2016: $2,254,873Net Assets 2016: $12,669,2012016Assets 2017: $13,981,363Liabilities 2017: $4,501,437Net Assets 2017: $9,479,9262017Assets 2018: $13,783,659Liabilities 2018: $4,112,477Net Assets 2018: $9,671,1822018Assets 2019: $13,372,438Liabilities 2019: $4,244,078Net Assets 2019: $9,128,3602019Assets 2020: $14,175,822Liabilities 2020: $4,641,750Net Assets 2020: $9,534,0722020Assets 2021: $16,540,370Liabilities 2021: $3,242,282Net Assets 2021: $13,298,0882021Assets 2022: $14,976,206Liabilities 2022: $3,581,392Net Assets 2022: $11,394,8142022Assets 2023: $17,305,809Liabilities 2023: $4,282,090Net Assets 2023: $13,023,7192023Assets 2024: $25,537,656Liabilities 2024: $11,930,534Net Assets 2024: $13,607,1222024Assets 2025: $26,500,746Liabilities 2025: $14,196,116Net Assets 2025: $12,304,6302025

Highlighted filing

2025

Assets$26,500,746
Liabilities$14,196,116
Net Assets$12,304,630
Open 2025 Filing

Operations Trend

Revenue Growth11th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,080,1072010Expenses 2011: $3,001,7532011Expenses 2012: $3,072,5462012Expenses 2013: $2,423,8102013Revenue 2014: $1,297,333Expenses 2014: $2,462,749Net Income 2014: -$1,165,4162014Revenue 2015: $2,999,752Expenses 2015: $2,434,153Net Income 2015: $565,5992015Revenue 2016: $1,819,005Expenses 2016: $2,645,045Net Income 2016: -$826,0402016Revenue 2017: $972,778Expenses 2017: $2,944,553Net Income 2017: -$1,971,7752017Revenue 2018: $3,921,856Expenses 2018: $3,582,850Net Income 2018: $339,0062018Revenue 2019: $2,556,230Expenses 2019: $3,036,900Net Income 2019: -$480,6702019Revenue 2020: $3,732,876Expenses 2020: $3,372,253Net Income 2020: $360,6232020Revenue 2021: $7,286,566Expenses 2021: $3,238,752Net Income 2021: $4,047,8142021Revenue 2022: $1,577,199Expenses 2022: $2,937,425Net Income 2022: -$1,360,2262022Revenue 2023: $5,279,964Expenses 2023: $3,768,602Net Income 2023: $1,511,3622023Revenue 2024: $4,135,035Expenses 2024: $3,937,418Net Income 2024: $197,6172024Revenue 2025: $3,280,716Expenses 2025: $4,646,705Net Income 2025: -$1,365,9892025

Highlighted filing

2025

Revenue$3,280,716
Expenses$4,646,705
Net Income-$1,365,989
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$26,500,746
Liabilities
$14,196,116
Net assets
$12,304,630
Revenue
$3,280,716
Expenses
$4,646,705
Net income
-$1,365,989
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.5$14.2$12.3$3.28$4.65$1.37
2024Detailed filing. Detailed filing data is available for this year.$25.5$11.9$13.6$4.14$3.94$0.20
2023Detailed filing. Detailed filing data is available for this year.$17.3$4.28$13.0$5.28$3.77$1.51
2022Detailed filing. Detailed filing data is available for this year.$15.0$3.58$11.4$1.58$2.94$1.36
2021Detailed filing. Detailed filing data is available for this year.$16.5$3.24$13.3$7.29$3.24$4.05
2020Detailed filing. Detailed filing data is available for this year.$14.2$4.64$9.53$3.73$3.37$0.36
2019Detailed filing. Detailed filing data is available for this year.$13.4$4.24$9.13$2.56$3.04$0.48
2018Detailed filing. Detailed filing data is available for this year.$13.8$4.11$9.67$3.92$3.58$0.34
2017Detailed filing. Detailed filing data is available for this year.$14.0$4.50$9.48$0.97$2.94$1.97
2016Detailed filing. Detailed filing data is available for this year.$14.9$2.25$12.7$1.82$2.65$0.83
2015Detailed filing. Detailed filing data is available for this year.$16.2$2.18$14.1$3.00$2.43$0.57
2014Detailed filing. Detailed filing data is available for this year.$16.1$1.34$14.8$1.30$2.46$1.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$0.79$16.9$2.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$2.63$18.1$3.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$1.84$17.1$3.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$8.49$12.3$2.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 11, 2026
Return Version
2024v5.2
Gross Receipts
$39,417,956
Mission and Program Overview

Mission

To provide opportunities for employment and personal development for people who are blind or visually impaired to achieve greater independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,025,850$6,855,907▼ $169,943
Inventories for Sale or Use$2,584,380$4,113,378▲ $1,528,998
Accounts Receivable$2,652,764$3,469,335▲ $816,571
Investments in Publicly Traded Securities$2,915,430$2,514,923▼ $400,507
Savings and Temporary Cash Investments$1,035,324$2,014,268▲ $978,944
Cash and Non-Interest-Bearing Accounts$1,056,278$307,346▼ $748,932
Prepaid Expenses and Deferred Charges$251,903$270,039▲ $18,136
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$25,537,656$26,500,746▲ $963,090
Other Assets Total$8,015,727$6,955,550▼ $1,060,177
Liabilities
Other Liabilities$8,211,463$7,308,709▼ $902,754
Accounts Payable and Accrued Expenses$3,371,807$5,999,356▲ $2,627,549
Deferred Revenue$347,264$888,051▲ $540,787
Total Liabilities$11,930,534$14,196,116▲ $2,265,582
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,570,845$12,268,353▼ $1,302,492
Net Assets With Donor Restrictions$36,277$36,277→ $0
Total Net Assets Fund Balance$13,607,122$12,304,630▼ $1,302,492
Total Liabilities and Net Assets / Fund Balance$25,537,656$26,500,746▲ $963,090

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,688,179$8,514,643$11,202,822
Buildings$3,319,423$6,440,186$9,759,609
Land$848,305-$848,305
Other Assets Org$6,955,550--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua GouldPresident & CEOFT$245,588$115,333$360,921
Victor MartinDirector of Fin & ITFT$144,194$37,018$181,212
Susan WilliamsDirector of Human ResourcesFT$120,800$41,774$162,574
John RichtarikDirector Mfg, Engineering & QualityFT$135,030$6,310$141,340

Board Members and Trustees

NameTitle
Brad HuffstetlerChairperson
Irish Thurston1st Vice Chair
Jim Storment2nd Vice Chair
Anne TinkerDirector
Carla BanksDirector
Jamie DeanDirector
Jaye WebbDirector
Lisa StramaDirector
Mac SimsDirector
Mark GaylordDirector
Rick GilmoreDirector
Stephen OneyearDirector
Wes BrewerDirector
Dr Danielle HarrisonSecretary
Brian GrahamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Reep-ind Mcp West Nc LLCFacility ServicesPO BOX 6188, Hicksville, NY 11802$1,443,542
National Industries For The BlindCommissions3000 POTOMAC AVENUE, Alexandria, VA 22305$548,488
Hollingsworth Capital PartnersFacility ServicesTWO CENTRE PLAZA, Clinton, TN 37716$481,424
Revenue and Support

Revenue Composition

Contributions and Grants
$785,549
Program Service Revenue
$0
Investment Income
$183,483
Other Revenue
$2,311,684
All Other Contributions
$103,918
Change in Net Assets
$-1,365,989

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,271,519
Revenue Not Reported on Financial Statements
$9,197
Revenue Not Reported on Form 990
$33,578,363
Total Revenue per Audited Statements
$36,849,882
Total Revenue per Form 990
$3,280,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,326,803
Other Expenses$2,319,902
Total Fundraising Expense$34,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$653,995$177,668$14,384$846,047
Other Salaries and Wages$525,445$250,813$18,794$795,052
Other Employee Benefits$530,768$19,593-$550,361
Office Expenses$328,872$127,894-$456,766
Insurance$402,340$44,705-$447,045
Other Expenses$173,323$10,282-$183,605
Payroll Taxes$128,788$4,818$1,737$135,343
Fees for Services Other$37,560$36,088-$73,648
Fees for Services Accounting$21,899$21,041-$42,940
Travel$26,675--$26,675
Advertising$12,874--$12,874
Fees for Service Investment Mgmnt Fees-$9,197-$9,197
Fees for Services Legal$4,553$4,373-$8,926
Total Functional Expenses$3,871,219$740,571$34,915$4,646,705

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,646,705
Expenses per Audited Statements$4,637,508
Total Expenses per Audited Statements$4,637,508
Expenses Not Reported on Financial Statements$9,197
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$7,308,708
Rounding$1
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
Yes
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 990 form will be first reviewed by the iob president and director of finance and then reviewed by the chairperson of audit and finance committees and chairperson of the board of directors. The 990 will then be made available to all board members for their review and discussion prior to filing.”

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

“At least once a year each board member signs the industries of the blind code of conduct and ethics form which is specific for that year and requires disclosure of any conflicts of interest and other ethical considerations. Annually at a board meeting the members will openly discuss interests that could give rise to such conflicts.”

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

“The process for determining compensation for the ceo and/or key employees may include deliberations by the independent board of directors in executive session and reviews of comparability data by the iob human resources team.”

Form 990, Part VI, Section C, Line 19

“Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d). They can be reviewed on site at the organization.”

Form 990, Part VII, Section A, Column F

“The organization, in a full transparency posture to reporting, is reporting all benefits in full in column f, part vii and not applying the $10,000 per item exception for certain benefits.”

Filing and Contact Details

Filer

Filer Name
Industries of the Blind Inc
EIN
56-0532308
Phone
3365443704
Address
920 W GATE CITY BLVD, GREENSBORO, NC 27403

Signing Officer

Name
Victor Martin
Title
Director of Finance
Signed
2026-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Gould
Formed
1933
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
329
Volunteers
31

Preparer

Firm
Dodson Shelton & Nelson Pa
Address
603 DOLLEY MADISON RD SUITE 104, GREENSBORO, NC 27410
Preparer
Julia E Kinlaw CPA
Phone
3362996061
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The audit committee's oversight and selection process has not changed since prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“Management evaluated the corporation's tax positions and concluded that it had taken no uncertain tax positions that require adjustment to the financial statements.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Cost of goods sold $33514866”

Raw XML AppendixShowing 400 of 649 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/Desc0TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATERINDEPENDENCE. INDUSTRIES OF THE BLIND, INC. OPERATES A MANUFACTURING, ASSEMBLY, AND DISTRIBUTION SERVICE BUSINESS THAT EMPLOYS BLIND ANDSIGHTED PEOPLE IN ORDER TO PROVIDE THEM THESE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT. THE MANUFACTURING CONSISTS OF TEXTILE CUTTING AND SEWING FOR PRODUCTION OF MILITARY UNIFORMS, CLOTHING, AND COMMERCIAL GOODS. THE BLIND AND SIGHTED EMPLOYEES OF INDUSTRIES OF THE BLIND, INC. ALSO MANUFACTURE AND ASSEMBLE A VARIETY OF OFFICE SUPPLY AND SANITATION PRODUCTS INCLUDING WRITING INSTRUMENTS, CLIPBOARDS, MOPS, BROOMS, AND A VARIETY OF OTHER ITEMS. THE PROCESS TEACHES SEWING SKILLS, WORKING WITH FABRICS, AND MECHANIZED PROCEDURES TO THE BLIND AND SIGHTED EMPLOYEES. AS OF SEPTEMBER 30, 2025, INDUSTRIES OF THE BLIND EMPLOYS 136 BLIND AND 111 SIGHTED PEOPLE. REVENUE SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B.
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