Civic Intelligence

L C Industries Inc

990 • Fiscal year 2019 • EIN 56-0686307

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

Organization ProfileWWW.BUYLCI.COM

View Organization Page

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

25th percentile

0.12x

Higher debt load relative to assets than 25% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.35x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

52nd percentile

$906,250

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

36th percentile

2.0%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

4.1%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$203,902,041

Up $4,007,779 (+2.0%) from 2018

Net Assets

Up

$179,243,233

Up $4,925,949 (+2.8%) from 2018

Liabilities

Down

$24,658,808

Down $918,170 (-3.6%) from 2018

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin60th percentile

Revenue

Up

$70,414,612

Up $2,789,256 (+4.1%) from 2018

Expenses

Up

$65,488,663

Up $7,707,417 (+13%) from 2018

Net Income

Down

$4,925,949

Down $4,918,161 (-50%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$300M$200M$100M$0Assets 2010: $179,954,516Liabilities 2010: $19,874,661Net Assets 2010: $160,079,8552010Assets 2011: $200,427,218Liabilities 2011: $18,885,196Net Assets 2011: $181,542,0222011Assets 2012: $196,517,222Liabilities 2012: $19,408,418Net Assets 2012: $177,108,8042012Assets 2013: $190,733,180Liabilities 2013: $19,066,108Net Assets 2013: $171,667,0722013Assets 2014: $198,741,782Liabilities 2014: $27,424,541Net Assets 2014: $171,317,2412014Assets 2015: $191,431,785Liabilities 2015: $23,628,395Net Assets 2015: $167,803,3902015Assets 2016: $188,094,431Liabilities 2016: $18,481,428Net Assets 2016: $169,613,0032016Assets 2017: $183,458,504Liabilities 2017: $18,985,330Net Assets 2017: $164,473,1742017Assets 2018: $199,894,262Liabilities 2018: $25,576,978Net Assets 2018: $174,317,2842018Assets 2019: $203,902,041Liabilities 2019: $24,658,808Net Assets 2019: $179,243,2332019Assets 2020: $208,660,341Liabilities 2020: $25,348,181Net Assets 2020: $183,312,1602020Assets 2021: $208,188,082Liabilities 2021: $22,627,799Net Assets 2021: $185,560,2832021Assets 2022: $199,406,608Liabilities 2022: $26,495,525Net Assets 2022: $172,911,0832022Assets 2023: $216,486,748Liabilities 2023: $36,530,520Net Assets 2023: $179,956,2282023Assets 2024: $237,338,924Liabilities 2024: $40,864,032Net Assets 2024: $196,474,8922024

Highlighted filing

2019

Assets$203,902,041
Liabilities$24,658,808
Net Assets$179,243,233
Open 2019 Filing

Operations Trend

Revenue Growth50th percentile

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $44,691,4942010Expenses 2011: $44,348,3962011Expenses 2012: $53,911,8702012Revenue 2013: $56,925,019Expenses 2013: $62,366,751Net Income 2013: -$5,441,7322013Revenue 2014: $56,372,012Expenses 2014: $56,721,843Net Income 2014: -$349,8312014Revenue 2015: $68,905,403Expenses 2015: $72,383,799Net Income 2015: -$3,478,3962015Revenue 2016: $61,461,708Expenses 2016: $59,652,095Net Income 2016: $1,809,6132016Revenue 2017: $58,551,102Expenses 2017: $58,767,785Net Income 2017: -$216,6832017Revenue 2018: $67,625,356Expenses 2018: $57,781,246Net Income 2018: $9,844,1102018Revenue 2019: $70,414,612Expenses 2019: $65,488,663Net Income 2019: $4,925,9492019Revenue 2020: $68,096,867Expenses 2020: $64,027,940Net Income 2020: $4,068,9272020Revenue 2021: $66,526,381Expenses 2021: $64,278,258Net Income 2021: $2,248,1232021Revenue 2022: $48,935,731Expenses 2022: $61,584,931Net Income 2022: -$12,649,2002022Revenue 2023: $295,716,440Expenses 2023: $288,811,370Net Income 2023: $6,905,0702023Revenue 2024: $359,199,757Expenses 2024: $342,681,093Net Income 2024: $16,518,6642024

Highlighted filing

2019

Revenue$70,414,612
Expenses$65,488,663
Net Income$4,925,949
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
$306,603,817
Mission and Program Overview

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR those who are blind and visually impaired.

To employ and teach the visually impaired

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$43,835,524$47,515,258▲ $3,679,734
Land, Buildings, and Equipment, Net$36,656,050$41,617,524▲ $4,961,474
Cash and Non-Interest-Bearing Accounts$57,135,756$38,271,857▼ $18,863,899
Investments in Publicly Traded Securities$28,938,287$30,919,524▲ $1,981,237
Accounts Receivable$19,845,278$28,686,522▲ $8,841,244
Savings and Temporary Cash Investments$10,532,556$13,614,893▲ $3,082,337
Intangible Assets$2,292,239$2,253,371▼ $38,868
Prepaid Expenses and Deferred Charges$658,572$1,023,092▲ $364,520
Total Assets$199,894,262$203,902,041▲ $4,007,779
Liabilities
Accounts Payable and Accrued Expenses$21,845,072$19,838,583▼ $2,006,489
Other Liabilities$3,731,906$4,820,225▲ $1,088,319
Total Liabilities$25,576,978$24,658,808▼ $918,170
Net Assets / Fund Balance
Unrestricted Net Assets$174,317,284$179,243,233▲ $4,925,949
Total Net Assets Fund Balance$174,317,284$179,243,233▲ $4,925,949
Total Liabilities and Net Assets / Fund Balance$199,894,262$203,902,041▲ $4,007,779

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,737,406$28,140,004$38,877,410
Buildings$16,318,976$11,034,670$27,353,646
Leasehold Improvements$7,548,133$4,327,345$11,875,478
Other Land Buildings$3,200,522$3,855,727$7,056,249
Land$3,812,487-$3,812,487
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William HudsonCEO/treasurerFT$545,098$361,152$906,250
Jeffrey HawtingPresidentFT$404,335$214,988$619,323
Patrick LindseyCOOFT$378,715$166,598$545,313
Marisa ChrismonChroFT$182,344$59,908$242,252
William BlacktonVP RetailFT$148,826$73,722$222,548
Duwayne GilbertsonVP of Business DevelopmentFT$130,852$77,098$207,950
Susan JohnsonVP of FinanceFT$135,826$39,730$175,556
Derek ByrneDirector Information Tech.FT$132,315$38,414$170,729
Christopher PowerDirector, Bsc SalesFT$133,077$35,816$168,893
Scott SchrantzDirector DistributionFT$115,579$50,218$165,797
Andro CzuczukDirector, PurchasingFT$119,744$39,242$158,986
Michael GraftonManager, Product DevelopmeFT$112,510$46,105$158,615

Board Members and Trustees

NameTitle
Richard M HutsonChair
Ernie RoesslerBoard Member
Jim HolmesBoard Member
Joe M Lee IiiBoard Member
Steve HarrisBoard Member
Ted GriffinBoard Member
Thom WhiteSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Clearview Audit LLCFreight Services6325 ODANA RD, Madison, WI 53719$945,488
Golden Triangle Industrial Park LLCLeasePO BOX 80318, City Of Industry, CA 91716$277,006
Dixon Hughes GoodmanAccounting Services4350 CONGRESS STREET SUITE 900, Charlotte, NC 28209$112,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,409,064
Other Revenue
$68,005,548
Change in Net Assets
$4,925,949

Audited Revenue Reconciliation

Revenue per Audited Statements
$70,414,612
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$70,414,612
Total Revenue per Form 990
$70,414,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,910,863
Other Expenses$20,521,675
Grants and Similar Amounts Paid$6,056,125
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,172,259$4,965,045-$26,137,304
Office Expenses$10,361,763$765,289-$11,127,052
Grants to Domestic Orgs$6,056,125--$6,056,125
Fees for Services Other$3,883,739$1,774,026-$5,657,765
Other Employee Benefits$3,626,456$539,190-$4,165,646
Occupancy$3,579,668$331,106-$3,910,774
Pension Plan Contributions$2,705,669$906,136-$3,611,805
Depreciation Depletion$2,874,763$427,313-$3,302,076
Current Officers, Directors, Trustees, and Key Employees-$2,919,192-$2,919,192
Payroll Taxes$1,630,742$446,174-$2,076,916
Travel$533,916$316,238-$850,154
Insurance$401,272$146,779-$548,051
Information Technology$127,015$167,487-$294,502
Conferences and Meetings$70,787$168,846-$239,633
Fees for Services Accounting-$186,829-$186,829
Advertising$89,644$6,304-$95,948
Fees for Services Legal$13,526$61,225-$74,751
Other Expenses$-10,455,247$688,893-$-10,455,247
Total Functional Expenses$50,534,591$14,954,072$0$65,488,663

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$65,488,663
Expenses per Audited Statements$59,488,663
Total Expenses per Audited Statements$59,488,663
Expenses Not Reported on Financial Statements$6,000,000
Other Expense Adjustments$6,000,000
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
L C Industries FoundationDurham, NC501(c)(3)Operational Support$6,000,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberA Board Member Listed in Part Vii Is Also a Stockholder of a Company That Was Compensated for Repairs and Maintenance of Equipment.No$157,932
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$3,207,987
Pension Liability$1,612,238
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 form 990 was reviewed by management and then emailed to every board member prior to filing with the irs.”

Form 990, Part VI, Section B, Line 15

“Executive compensation is established by the ceo with board approval. Chro conducts annual national executive compensation study for benchmarking. Market data acquired annually by chro to update salary administration plan for all other positions to determine compensation. Available for review with ceo/president.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements, and conflict of interest policy are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
L C Industries Inc
EIN
56-0686307
Phone
9195968277
Address
4500 EMPEROR BOULEVARD, DURHAM, NC 27703

Signing Officer

Name
Jeffrey Hawting
Title
President
Phone
9195968277
Signed
2020-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hudson
Formed
1958
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
957
Volunteers
0

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 XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“L c industries inc. Is exempt from income taxes 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 company determined that they do not have any material unrecognized tax benefits or obligations as of june 30, 2019 and 2018.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grant to lci foundation 6,000,000.”

Raw XML AppendixShowing 400 of 873 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/OtherCompensationAmt1828105
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD M HUTSON
IRS990/Form990PartVIISectionAGrp/PersonNm1THOM WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm2TED GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE M LEE III
IRS990/Form990PartVIISectionAGrp/PersonNm4ERNIE ROESSLER
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm6JIM HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm8JEFFREY HAWTING
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICK LINDSEY
IRS990/Form990PartVIISectionAGrp/PersonNm10SUSAN JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm11MARISA CHRISMON
IRS990/Form990PartVIISectionAGrp/PersonNm12DUWAYNE GILBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM BLACKTON
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTOPHER POWER
IRS990/Form990PartVIISectionAGrp/PersonNm15SCOTT SCHRANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm16DEREK BYRNE
IRS990/Form990PartVIISectionAGrp/PersonNm17ANDRO CZUCZUK
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL GRAFTON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7879098
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8593367
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9530706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10163926
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11226404
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12178448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13191962
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14143077
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15142332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16142315
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17130984
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18130510
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHRO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP RETAIL
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR, BSC SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR DISTRIBUTION
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR INFORMATION TECH.
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR, PURCHASING
IRS990/Form990PartVIISectionAGrp/TitleTxt18MANAGER, PRODUCT DEVELOPME
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-351
IRS990/GainOrLossGrp/SecuritiesAmt01043817
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt06056125
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06056125
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06056125
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt054203
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt030793540
IRS990/GrossReceiptsAmt0306603817
IRS990/GrossRentsGrp/RealAmt036709
IRS990/GrossSalesOfInventoryAmt0273598888
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt017
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0167487
IRS990/InformationTechnologyGrp/ProgramServicesAmt0127015
IRS990/InformationTechnologyGrp/TotalAmt0294502
IRS990/InsuranceGrp/ManagementAndGeneralAmt0146779
IRS990/InsuranceGrp/ProgramServicesAmt0401272
IRS990/InsuranceGrp/TotalAmt0548051
IRS990/IntangibleAssetsGrp/BOYAmt02292239
IRS990/IntangibleAssetsGrp/EOYAmt02253371
IRS990/InventoriesForSaleOrUseGrp/BOYAmt043835524
IRS990/InventoriesForSaleOrUseGrp/EOYAmt047515258
IRS990/InvestmentIncomeGrp/ExclusionAmt01365598
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01365598
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt028938287
IRS990/InvestmentsPubTradedSecGrp/EOYAmt030919524
IRS990/IRPDocumentCnt048
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt047357746
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036656050
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041617524
IRS990/LandBldgEquipCostOrOtherBssAmt088975270
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt054554
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt029749723
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR THOSE WHO ARE BLIND AND VISUALLY IMPAIRED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0174317284
IRS990/NetAssetsOrFundBalancesEOYAmt0179243233
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01043466
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01043466
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt067213960
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt067213960
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt036709
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036709
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0331106
IRS990/OccupancyGrp/ProgramServicesAmt03579668
IRS990/OccupancyGrp/TotalAmt03910774
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0765289
IRS990/OfficeExpensesGrp/ProgramServicesAmt010361763
IRS990/OfficeExpensesGrp/TotalAmt011127052
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0539190
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03626456
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04165646
IRS990/OtherExpensesGrp/Desc0COMMISSIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2OVERHEAD ALLOCATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0138000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1688893
IRS990/OtherExpensesGrp/ProgramServicesAmt03832802
IRS990/OtherExpensesGrp/ProgramServicesAmt129692
IRS990/OtherExpensesGrp/ProgramServicesAmt2-10455247
IRS990/OtherExpensesGrp/TotalAmt03970802
IRS990/OtherExpensesGrp/TotalAmt1718585
IRS990/OtherExpensesGrp/TotalAmt2-10455247
IRS990/OtherLiabilitiesGrp/BOYAmt03731906
IRS990/OtherLiabilitiesGrp/EOYAmt04820225
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1COMMISSIONS
IRS990/OtherRevenueMiscGrp/Desc2SERVICE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0526462
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1199073
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt224865
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0530941
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1199073
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt224865
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt04479
IRS990/OtherRevenueTotalAmt0754879
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04965045
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021172259
IRS990/OtherSalariesAndWagesGrp/TotalAmt026137304
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0446174
IRS990/PayrollTaxesGrp/ProgramServicesAmt01630742
IRS990/PayrollTaxesGrp/TotalAmt02076916
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0906136
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02705669
IRS990/PensionPlanContributionsGrp/TotalAmt03611805
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0658572
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01023092
IRS990/PrincipalOfficerNm0WILLIAM HUDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03038162
IRS990/PYInvestmentIncomeAmt01350757
IRS990/PYOtherExpensesAmt017938879
IRS990/PYOtherRevenueAmt066274599
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt09844110
IRS990/PYSalariesCompEmpBnftPaidAmt036804205
IRS990/PYTotalExpensesAmt057781246
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt067625356
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04925949
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt036709
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00

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Filings

Displayed year

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

Open filing
Assets
$203,902,041
Liabilities
$24,658,808
Net assets
$179,243,233
Revenue
$70,414,612
Expenses
$65,488,663
Net income
$4,925,949
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$237$40.9$196$359$343$16.5
2023Detailed filing. Detailed filing data is available for this year.$216$36.5$180$296$289$6.91
2022Detailed filing. Detailed filing data is available for this year.$199$26.5$173$48.9$61.6$12.6
2021Detailed filing. Detailed filing data is available for this year.$208$22.6$186$66.5$64.3$2.25
2020Detailed filing. Detailed filing data is available for this year.$209$25.3$183$68.1$64.0$4.07
2019Detailed filing. Detailed filing data is available for this year.$204$24.7$179$70.4$65.5$4.93
2018Detailed filing. Detailed filing data is available for this year.$200$25.6$174$67.6$57.8$9.84
2017Detailed filing. Detailed filing data is available for this year.$183$19.0$164$58.6$58.8$0.22
2016Detailed filing. Detailed filing data is available for this year.$188$18.5$170$61.5$59.7$1.81
2015Detailed filing. Detailed filing data is available for this year.$191$23.6$168$68.9$72.4$3.48
2014Detailed filing. Detailed filing data is available for this year.$199$27.4$171$56.4$56.7$0.35
2013Summary only. Only limited summary data is available for this year.$191$19.1$172$56.9$62.4$5.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$19.4$177$53.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$18.9$182$44.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$180$19.9$160$44.7