Civic Intelligence

Lee County Industries Inc

EIN 56-0898262 • 501(c)3 • Sanford, NC

Profile

Lci provides rehabilitation and educational training to youth and adults with barriers to employment. The wide variety of training opportunities available attracts a broad range of individuals, including people with disabilities, those adapting from accidental injuries and others from low-income families.lci operates through income from industrial contracts and award sales, charitable grants and, most importantly, tax-deductible gifts from friends. It also draws upon volunteers to work with participants and publishes occasional information for anyone wanting to stay informed about the organization and its new ventures.though lci has expanded its services and moved over the years -- the current building opened in 1981 -- it has remained faithful to its mission: to help people with disabilities achieve their greatest possible independence and use its resources to enhance the entire community

2711 Tramway RoadSanford, NC 27332

www.lciinc.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

54th percentile

6.4%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

6.9%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

18%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,526,232

Up $25,110 (+1.7%) from 2023

Liabilities

Up

$62,434

Up $8,252 (+15%) from 2023

Net Assets

Up

$1,463,798

Up $16,858 (+1.2%) from 2023

Revenue

Up

$1,254,508

Up $165,408 (+15%) from 2023

Expenses

Up

$1,241,763

Up $221,877 (+22%) from 2023

Net Income

Down

$12,745

Down $56,469 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,677,075Liabilities 2011: $170,402Net Assets 2011: $1,506,6732011Assets 2012: $1,594,026Liabilities 2012: $66,792Net Assets 2012: $1,527,2342012Assets 2013: $1,626,310Liabilities 2013: $60,483Net Assets 2013: $1,565,8272013Assets 2014: $1,578,024Liabilities 2014: $58,742Net Assets 2014: $1,519,2822014Assets 2015: $1,522,606Liabilities 2015: $70,091Net Assets 2015: $1,452,5152015Assets 2016: $1,368,184Liabilities 2016: $26,514Net Assets 2016: $1,341,6702016Assets 2017: $1,361,618Liabilities 2017: $42,240Net Assets 2017: $1,319,3782017Assets 2018: $1,337,415Liabilities 2018: $54,173Net Assets 2018: $1,283,2422018Assets 2019: $1,343,549Liabilities 2019: $58,023Net Assets 2019: $1,285,5262019Assets 2020: $1,364,825Liabilities 2020: $44,119Net Assets 2020: $1,320,7062020Assets 2021: $1,392,741Liabilities 2021: $31,343Net Assets 2021: $1,361,3982021Assets 2022: $1,404,070Liabilities 2022: $31,456Net Assets 2022: $1,372,6142022Assets 2023: $1,501,122Liabilities 2023: $54,182Net Assets 2023: $1,446,9402023Assets 2024: $1,526,232Liabilities 2024: $62,434Net Assets 2024: $1,463,7982024

Highlighted filing

2024

Assets$1,526,232
Liabilities$62,434
Net Assets$1,463,798

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,405,795Expenses 2011: $1,293,513Net Income 2011: $112,2822011Revenue 2012: $1,302,809Expenses 2012: $1,282,248Net Income 2012: $20,5612012Expenses 2013: $1,070,8722013Revenue 2014: $1,140,487Expenses 2014: $1,187,032Net Income 2014: -$46,5452014Revenue 2015: $977,253Expenses 2015: $1,044,852Net Income 2015: -$67,5992015Revenue 2016: $743,799Expenses 2016: $852,280Net Income 2016: -$108,4812016Revenue 2017: $868,801Expenses 2017: $896,531Net Income 2017: -$27,7302017Revenue 2018: $987,384Expenses 2018: $1,026,553Net Income 2018: -$39,1692018Revenue 2019: $1,047,907Expenses 2019: $1,047,417Net Income 2019: $4902019Revenue 2020: $1,088,252Expenses 2020: $1,042,725Net Income 2020: $45,5272020Revenue 2021: $945,858Expenses 2021: $906,296Net Income 2021: $39,5622021Revenue 2022: $921,325Expenses 2022: $894,053Net Income 2022: $27,2722022Revenue 2023: $1,089,100Expenses 2023: $1,019,886Net Income 2023: $69,2142023Revenue 2024: $1,254,508Expenses 2024: $1,241,763Net Income 2024: $12,7452024

Highlighted filing

2024

Revenue$1,254,508
Expenses$1,241,763
Net Income$12,745

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.06$1.46$1.25$1.24$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.05$1.45$1.09$1.02$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.03$1.37$0.92$0.89$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.03$1.36$0.95$0.91$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.04$1.32$1.09$1.04$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.06$1.29$1.05$1.05$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.05$1.28$0.99$1.03$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.04$1.32$0.87$0.90$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.03$1.34$0.74$0.85$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.07$1.45$0.98$1.04$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.58$0.06$1.52$1.14$1.19$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.06$1.57$1.07
2012Summary only. Only limited summary data is available for this year.$1.59$0.07$1.53$1.30$1.28$0.02
2011Summary only. Only limited summary data is available for this year.$1.68$0.17$1.51$1.41$1.29$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 19, 2025
Return Version
2023v6.0
Gross Receipts
$1,254,508
Mission and Program Overview

Mission

SEE PT 1, LINE 1.

Lci provides people with disabilities the services needed to be independent and productive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$676,408$706,689▲ $30,281
Accounts Receivable$78,323$328,758▲ $250,435
Savings and Temporary Cash Investments$266,075$271,137▲ $5,062
Cash and Non-Interest-Bearing Accounts$407,804$142,688▼ $265,116
Prepaid Expenses and Deferred Charges$4,246$0▼ $4,246
Inventories for Sale or Use$2,978$2,978→ $0
Total Assets$1,501,122$1,526,232▲ $25,110
Other Assets Total$65,288$73,982▲ $8,694
Liabilities
Accounts Payable and Accrued Expenses$44,117$54,231▲ $10,114
Mortgage Notes Payable Secured by Investment Property$10,065$8,203▼ $1,862
Total Liabilities$54,182$62,434▲ $8,252
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,438,123$1,454,481▲ $16,358
Net Assets With Donor Restrictions$8,817$9,317▲ $500
Total Net Assets Fund Balance$1,446,940$1,463,798▲ $16,858
Total Liabilities and Net Assets / Fund Balance$1,501,122$1,526,232▲ $25,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$599,271$1,061,898$1,661,169
Other Land Buildings$73,626$153,288$226,914
Equipment$7,814$213,505$221,319
Land$25,978-$25,978
Leasehold Improvements$0$3,231$3,231

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$65,288-▲ $9,381-$73,982
2022$57,971-▲ $7,923-$65,288
2021$68,486-▼ $9,847-$57,971
2020$51,702$500▲ $16,284-$68,486
2019$50,989-▲ $1,220-$51,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Audrey M MurchisonExecutive DirectorFT$55,418$55,418

Board Members and Trustees

NameTitle
Ashton NoelPresident
Michael W HammondVice President
Charlie ParksDirector
Joanne KeinathDirector
Valencia BuffordDirector
Jim MurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,750
Program Service Revenue
$1,237,694
Investment Income
$9,826
Other Revenue
$238
All Other Contributions
$1,750
Change in Net Assets
$12,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$916,707
Other Expenses$325,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$688,523$92,117-$780,640
Occupancy-$91,798-$91,798
Payroll Taxes$52,407$11,363-$63,770
Depreciation Depletion$22,955$34,914-$57,869
Current Officers, Directors, Trustees, and Key Employees-$55,418-$55,418
Insurance$11,545$28,727-$40,272
Fees for Services Other$9,108$27,795-$36,903
Other Employee Benefits$14,807$2,072-$16,879
Office Expenses-$9,107-$9,107
Advertising$5,992$495-$6,487
Other Expenses$22,108$2,891-$2,891
All Other Expenses$2,285$81-$2,366
Interest-$698-$698
Fees for Service Investment Mgmnt Fees-$687-$687
Total Functional Expenses$862,355$379,408$0$1,241,763
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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 990 will first be reviewed by the board finance chairman, then the executive director. If there are questions, these will be discussed. The finance chair will then present the 990 to the board of directors at one of the monthly board meetings. The board president will call for any questions to be answered by the finance chair. The president will then call for a vote on the 990 as presented.

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

Staff and board sign the conflict of interest policy at the time of hire. It is the intent of the organization that no person, other than service recipients, should be granted unearned benefits as a result of his/her relationship with lci, inc. Every person affiliated with lci is instructed to notify the executive director of any potential conflict of interest.

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

Board of directors and officers are not compensated. Key employees compensation is based on survey of other community rehabilitation facilities comparable to lci along with experience in field. We obtain comparable data from ncarf, the north carolina association of rehabilitation facilities.

Form 990, Part VI, Section C, Line 19

Information is available upon request.

Filing and Contact Details

Filer

Filer Name
Lee County Industries Inc
EIN
56-0898262
Phone
9197753439
Address
2711 TRAMWAY ROAD, SANFORD, NC 27332

Signing Officer

Name
Audrey M Murchison
Title
Executive Director
Phone
9197753439
Signed
2025-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audrey M Murchison
Formed
1967
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
44
Volunteers
8

Preparer

Firm
Dmjps Pllc
Address
509 WEST MAIN STREET, SANFORD, NC 27332
Preparer
Robin D Bennett CPA
Phone
9197744535
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment purpose is to devote support to lci.

PART X, LINE 2:

Lci has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2024. As of june 30, 2024 and including the previous three years considering extensions, lci's income tax returns are open and subject to examination by tax authorities with relevant jurisdiction.

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IRS990/MissionDesc0LCI PROVIDES REHABILITATION AND EDUCATIONAL TRAINING TO YOUTH AND ADULTS WITH BARRIERS TO EMPLOYMENT. THE WIDE VARIETY OF TRAINING OPPORTUNITIES AVAILABLE ATTRACTS A BROAD RANGE OF INDIVIDUALS, INCLUDING PEOPLE WITH DISABILITIES, THOSE ADAPTING FROM ACCIDENTAL INJURIES AND OTHERS FROM LOW-INCOME FAMILIES.LCI OPERATES THROUGH INCOME FROM INDUSTRIAL CONTRACTS AND AWARD SALES, CHARITABLE GRANTS AND, MOST IMPORTANTLY, TAX-DEDUCTIBLE GIFTS FROM FRIENDS. IT ALSO DRAWS UPON VOLUNTEERS TO WORK WITH PARTICIPANTS AND PUBLISHES OCCASIONAL INFORMATION FOR ANYONE WANTING TO STAY INFORMED ABOUT THE ORGANIZATION AND ITS NEW VENTURES.THOUGH LCI HAS EXPANDED ITS SERVICES AND MOVED OVER THE YEARS -- THE CURRENT BUILDING OPENED IN 1981 -- IT HAS REMAINED FAITHFUL TO ITS MISSION: TO HELP PEOPLE WITH DISABILITIES ACHIEVE THEIR GREATEST POSSIBLE INDEPENDENCE AND USE ITS RESOURCES TO ENHANCE THE ENTIRE COMMUNITY
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrincipalOfficerNm0AUDREY M MURCHISON
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IRS990/ProgramServiceRevenueGrp/Desc2INDUSTRY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3VR SUPPORT SERVICES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1189324
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IRS990/ProgSrvcAccomActy2Grp/Desc0ADULT DEVELOPMENT ACTIVITY PROGRAM: PROVIDE TRAINING FOR CLIENTS ABLE TO PRODUCE ONLY AT A MINIMUM LEVEL AND ASSIST IN DEVELOPING SOCIAL AND DAILY LIVING SKILLS. PERSONS BENEFITTED - 6
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IRS990/ProgSrvcAccomActy3Grp/Desc0INNOVATIONS/RESPITE/DEVELOPMENTAL THERAPY/PERSONAL ASSISTANCE AND ICF/MR PROVIDES EITHER ONE ON ONE OR GROUP VOCATIONAL SKILLS TRAINING, COMMUNITY INCLUSION, DAILY LIVING SKILLS, BEHAVIOR MANAGEMENT AND SOCIALIZATION TO CONSUMERS IN ORDER FOR THEM TO FURTHER ENHANCE THEIR LIVES. PERSONS BENEFITTED - 4
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt013663
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT PURPOSE IS TO DEVOTE SUPPORT TO LCI.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LCI HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2024. AS OF JUNE 30, 2024 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, LCI'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0706689
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL FIRST BE REVIEWED BY THE BOARD FINANCE CHAIRMAN, THEN THE EXECUTIVE DIRECTOR. IF THERE ARE QUESTIONS, THESE WILL BE DISCUSSED. THE FINANCE CHAIR WILL THEN PRESENT THE 990 TO THE BOARD OF DIRECTORS AT ONE OF THE MONTHLY BOARD MEETINGS. THE BOARD PRESIDENT WILL CALL FOR ANY QUESTIONS TO BE ANSWERED BY THE FINANCE CHAIR. THE PRESIDENT WILL THEN CALL FOR A VOTE ON THE 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STAFF AND BOARD SIGN THE CONFLICT OF INTEREST POLICY AT THE TIME OF HIRE. IT IS THE INTENT OF THE ORGANIZATION THAT NO PERSON, OTHER THAN SERVICE RECIPIENTS, SHOULD BE GRANTED UNEARNED BENEFITS AS A RESULT OF HIS/HER RELATIONSHIP WITH LCI, INC. EVERY PERSON AFFILIATED WITH LCI IS INSTRUCTED TO NOTIFY THE EXECUTIVE DIRECTOR OF ANY POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS AND OFFICERS ARE NOT COMPENSATED. KEY EMPLOYEES COMPENSATION IS BASED ON SURVEY OF OTHER COMMUNITY REHABILITATION FACILITIES COMPARABLE TO LCI ALONG WITH EXPERIENCE IN FIELD. WE OBTAIN COMPARABLE DATA FROM NCARF, THE NORTH CAROLINA ASSOCIATION OF REHABILITATION FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE UPON REQUEST.
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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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IRS990/TotalContributionsAmt06750
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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