2024-02-20T15:52:28-06:00 2023-06-30 560747981 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 560686307 L C INDUSTRIES INC LCIN 9195968277 4500 EMPEROR BOULEVARD DURHAM NC 27703 PATRICK LINDSEY PRESIDENT 9195968277 2024-02-20 1 PATRICK LINDSEY 999009999 0 AMY BIBBY P00445891 8282542254 2024-02-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK LINDSEY 4500 EMPEROR BOULEVARD DURHAM NC 27703 326425189 0 X WWW.LCINDUSTRIES.COM X 1958 NC TO EMPLOY AND TEACH THE VISUALLY IMPAIRED. 8 7 911 0 0 0 103901 155748 0 286174130 -2346339 2001091 51178169 7385471 48935731 295716440 1500 1100 0 0 41285832 44512109 0 0 0 20297599 244298161 61584931 288811370 -12649200 6905070 199406608 216486748 26495525 36530520 172911083 179956228 THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR THOSE WHO ARE BLIND AND VISUALLY IMPAIRED. 0 0 270956461 1100 293522892 THE ORGANIZATION EMPLOYED VISUALLY IMPAIRED INDIVIDIUALS WHO MANUFACTURED MATTRESSES, MATTRESS COVERS, FILE FOLDERS, WALLET ENVELOPES, MOPS, WATER CANS, PAPER PRODUCTS AND OTHER PLASTICS. THE ORGANIZATION ALSO OPERATED RETAIL STORES THAT SELL BLIND-MADE PRODUCTS.THE ORGANIZATION'S DIRECT BLIND WORKFORCE AT 6/30/23 CONSISTED OF 270 INDIVIDUALS. 270956461 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 80 0 1 911 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 GA CA X PATRICK LINDSEY 9195968277 4500 EMPEROR BLVD DURHAM NC 27703 PATRICK LINDSEY PRESIDENT 40.00 X 668302 0 19613 WILLIAM HUDSON TREASURER/ SECRETARY 5.00 X X 458556 0 0 MARISA CHRISMON CHRO 40.00 X 265205 0 30409 DUWAYNE GILBERTSON VP OF PRODUCT DEVELOPMENT 40.00 X 245094 0 34746 WILLIAM BLACKTON VP OF RETAIL 40.00 X 236161 0 29458 SCOTT M SCHRANTZ DIRECTOR DISTRIBUTION 40.00 X 181214 0 26700 ANDRO P CZUCZUK DIRECTOR PURCHASING 40.00 X 163307 0 33368 GRACE BAIER-GREEN DIRECTOR SALES 40.00 X 160643 0 14124 MICHAEL W GRAFTON MANAGER PRODUCT DEVELOPMENT 40.00 X 143851 0 26200 KEVIN P BECK SOFTWARE ENGINEER 40.00 X 138414 0 13972 JOHN G SAMUEL DIRECTOR OF ABLR 40.00 X 131034 0 4663 JEFFREY HAWTING FORMER PRESIDENT 0.00 X 130252 0 0 RICHARD M HUTSON CHAIR 5.00 X X 0 0 0 TED GRIFFIN BOARD MEMBER 5.00 X 0 0 0 JOE M LEE III BOARD MEMBER 5.00 X 0 0 0 THOM WHITE BOARD MEMBER 5.00 X 0 0 0 JIM HOLMES BOARD MEMBER 5.00 X 0 0 0 STEVE HARRIS BOARD MEMBER 5.00 X 0 0 0 ERNIE ROESSLER BOARD MEMBER 5.00 X 0 0 0 2922033 0 233253 21 1 1 0 SWAN LEAP 6325 ODANA RD STE 2000 MADISON WI 53719 FREIGHT ADMINISTRATION 2202202 TIGER TECHNOLOGIES 11877 DOUGLAS ROAD STE 102-326 ALPHARETTA GA 30005 SOFTWARE SUPPORT 566755 WILLIAM HUDSON 7950 LEGACY DRIVE SUITE 900 PLANO TX 75024 EXECUTIVE CONSULTING SERVICES 458556 MCACONNECT 10497 TOWN COUNTRY WAY STE 950 HOUSTON TX 77024 SOFTWARE SUPPORT 328340 MANHATTAN ASSOCIATES 10TH FLOOR USA 2300 WINDY RIDGE PK ATLANTA GA 30339 SOFTWARE SUPPORT 246748 5 155748 155748 155748 SALES REVENUE 900099 286174130 286174130 286174130 1450224 1450224 36709 0 36709 36709 36709 31259616 30708749 550867 550867 550867 MANAGEMENT FEE INCOME 541610 2854862 2854862 MISCELLANEOUS 900099 2704469 2704469 SERVICE INCOME 561499 1582650 1582650 206781 206781 7348762 295716440 293522892 0 2037800 1100 1100 2195458 2195458 31469339 25440211 6029128 3838173 3407387 430786 4575770 4003507 572263 2433369 1941073 492296 91328 5664 85664 195136 195136 6731849 3696943 3034906 238121 159239 78882 10203307 9585078 618229 184585 52458 132127 3446606 3373169 73437 587653 280446 307207 365405 117943 247462 64 64 5086490 4003888 1082602 1064186 827308 236878 COGS 217654521 217654521 REPAIRS AND MAINTENANCE 4296692 3188821 1107871 COMMISSIONS 2979337 2625257 354080 BAD DEBT EXPENSE 580451 18 580433 -9407570 -9407570 288811370 270956461 17854909 0 17284250 11052445 27439401 30262005 21040478 25126443 58507059 71104105 1305312 1485555 98064869 63594792 37449772 34470077 34641723 35626002 1738613 1363068 0 5997048 199406608 216486748 19957688 24317604 828091 2296768 5709746 9916148 26495525 36530520 X 172911083 179956228 172911083 179956228 199406608 216486748 6905070 140075 0 X X 1 X 0 0 0 X 103901 155748 259649 273598888 248210281 298271662 223218235 293522892 1336821958 273598888 248210281 298271662 223322136 293678640 1337081607 0 0 0 1337081607 1402307 1434980 1102546 1059404 1486933 6486170 4479 25071 29550 1406786 1460051 1102546 1059404 1486933 6515720 1935 71 2006 750400 649543 1057150 2222839 4679932 275758009 250319946 300431358 226604379 295165573 1348279265 0.99170 0.99150 0.00480 0.00470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 24000 24000 0 PART II-B, LINE 1: THE ORGANIZATION HAS RETAINED A FIRM TO PROVIDE CONSULTING SERVICES, STRATEGIC ADVICE, AND LOBBYING SERVICES REGARDING THE REGULATION OF PURHCASING GOODS AND SERVICES BY THE STATE OF NORTH CAROLINA. ALSO, THE FIRM WILL FILE ALL LOBBYIST AND PRINCIPAL REGISTRATIONS AND LOBBYING REPORTS REQUIRE BY STATE LAW. 3812487 3812487 27474104 14053403 13420701 13285598 7010067 6275531 43466308 34473742 8992566 10026372 8057580 1968792 34470077 CUSTOMER DEPOSITS 3307538 PENSION LIABILITY 1880500 LEASE LIABILITY 4728110 9916148 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 PROGRAM SERVICES CONDUCTS REGULAR VISITS TO WAREHOUSES TO INSPECT OPERATIONS AND ASSIST IN ISSUES RESOLUTIONS, SPECIALLY THOSE THAT REQUIRE GREAT UNDERSTANDING OF US OCONUS MILITARY LOGISTICS. 49172 0 1 0 0 0 1 49172 0 49172 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 1 0 0 1 0 0 0 1 0 PATRICK LINDSEY PRESIDENT 551650 0 111680 0 4972 0 10675 0 8938 0 687915 0 0 0 WILLIAM HUDSON TREASURER/ SECRETARY 458556 0 0 0 0 0 0 0 0 0 458556 0 0 0 MARISA CHRISMON CHRO 216506 0 37500 0 11199 0 9302 0 21107 0 295614 0 0 0 DUWAYNE GILBERTSON VP OF PRODUCT DEVELOPMENT 202589 0 37500 0 5005 0 7228 0 27518 0 279840 0 0 0 WILLIAM BLACKTON VP OF RETAIL 203915 0 30000 0 2246 0 8351 0 21107 0 265619 0 0 0 SCOTT M SCHRANTZ DIRECTOR DISTRIBUTION 161714 0 19500 0 0 0 5627 0 21073 0 207914 0 0 0 ANDRO P CZUCZUK DIRECTOR PURCHASING 154307 0 9000 0 0 0 5850 0 27518 0 196675 0 0 0 GRACE BAIER-GREEN DIRECTOR SALES 141674 0 15000 0 3969 0 5152 0 8972 0 174767 0 0 0 MICHAEL W GRAFTON MANAGER PRODUCT DEVELOPMENT 131101 0 12750 0 0 0 5093 0 21107 0 170051 0 0 0 KEVIN P BECK SOFTWARE ENGINEER 135527 0 2887 0 0 0 5000 0 8972 0 152386 0 0 0 JEFFREY HAWTING FORMER PRESIDENT 0 0 0 0 130252 0 0 0 0 0 130252 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: - JEFFREY HAWTING: $130,252 PART I, LINE 5 THE 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. PART I, LINE 7 THE 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. X FIXED ASSETS 1 155748 FMV 0 0 0 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. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. L C INDUSTRIES FOUNDATION 4500 EMPEROR BOULEVARD DURHAM NC 27703 455200306 TO IMPROVE THE LIVES AND WELL BEING OF PERSONS WHO ARE BLIND NC 501(C)(3) LINE 12A, I L C INDUSTRIES INC 1 LCI INVESTMENTS INC 3211 S MIAMI BLVD DURHAM NC 27703 263966355 INVESTMENT NC L C INDUSTRIES INC C 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 L C INDUSTRIES FOUNDATION C 155748 FMV