2023-05-12T10:16:05-05:00 2022-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2021-07-01 560686307 L C INDUSTRIES INC LCIN 9195968277 4500 EMPEROR BOULEVARD DURHAM NC 27703 PATRICK LINDSEY PRESIDENT 9195968277 2023-05-11 1 PATRICK LINDSEY 999009999 AMY BIBBY P00445891 8282542254 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PATRICK LINDSEY 4500 EMPEROR BOULEVARD DURHAM NC 27703 262547558 0 X WWW.LCINDUSTRIES.COM X 1958 NC TO EMPLOY AND TEACH THE VISUALLY IMPAIRED. 7 6 936 0 0 0 0 103901 0 0 5113406 -2346339 61412975 51178169 66526381 48935731 1752062 1500 0 0 41323376 41285832 0 0 0 21202820 20297599 64278258 61584931 2248123 -12649200 208188082 199406608 22627799 26495525 185560283 172911083 THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR THOSE WHO ARE BLIND AND VISUALLY IMPAIRED. 0 0 45588926 1500 51141460 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 6/30/22 CONSISTED OF 276 INDIVIDUALS. 45588926 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 1 936 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 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 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 SECRETARY 5.00 X X 0 0 0 ERNIE ROESSLER BOARD MEMBER 5.00 X 0 0 0 JIM HOLMES BOARD MEMBER 5.00 X 0 0 0 WILLIAM HUDSON TREASURER 5.00 5.00 X X 485556 0 0 PATRICK LINDSEY PRESIDENT 40.00 X 571936 0 17207 MARISA CHRISMON CHRO 40.00 X 250458 0 25793 DELBERT WHITE CHIEF INFORMATION OFFICER 40.00 X 0 0 0 JEFFREY HAWTING PRESIDENT (THRU OCT) 40.00 X 587391 0 21866 NATHAN CARTER CFO (THRU DEC) 40.00 X 326108 0 27267 DUWAYNE GILBERTSON VP OF PRODUCT DEVELOPMENT 40.00 X 238298 0 29394 WILLIAM BLACKTON VP OF RETAIL 40.00 X 223781 0 23479 ANDRO P CZUCZUK DIRECTOR PURCHASING 40.00 X 161535 0 27872 SCOTT M SCHRANTZ DIRECTOR DISTRIBUTION 40.00 X 175391 0 22403 GRACE BAIER-GREEN DIRECTOR SALES 40.00 X 152418 0 22354 MICHAEL W GRAFTON MANAGER PRODUCT DEVELOPMENT 40.00 X 140383 0 21915 HOPE M GREENE DIRECTOR FINANCE 40.00 X 127999 0 4480 3441254 0 244030 23 0 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 586755 WILLIAM HUDSON 7950 LEGACY DRIVE SUITE 900 PLANO TX 75024 EXECUTIVE CONSULTING SERVICES 485556 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 7 103901 103901 103901 1022695 1022695 36709 0 36709 36709 36709 35943179 39290488 21725 -3347309 -21725 -3369034 -3369034 223218235 174299614 48918621 48918621 MANAGEMENT FEE INCOME 541610 707860 707860 MISCELLANEOUS 900099 685543 685543 SERVICE INCOME 561499 632768 632768 196668 196668 2222839 48935731 51141460 0 -2309630 1500 1500 2868124 2868124 27845342 22714300 5131042 3536480 3103483 432997 4786590 4031587 755003 2249296 1767105 482191 47895 495 47400 227004 227004 4481684 2460879 2020805 79453 68473 10980 9587838 8737256 850582 89277 25703 63574 5705178 4416217 1288961 688031 543876 144155 90064 77050 13014 18227 18107 120 5337584 4212133 1125451 928220 720749 207471 COMMISSIONS 2151862 2049731 102131 BAD DEBT EXPENSE 225201 201 225000 OVERHEAD ALLOCATION -9359919 -9359919 61584931 45588926 15996005 0 22335029 17284250 24552983 27439401 27511974 21040478 51970769 58507059 1376126 1305312 96627712 59177940 40825599 37449772 37348834 34641723 1991170 1738613 275598 0 208188082 199406608 17465576 19957688 181106 828091 4981117 5709746 22627799 26495525 X 185560283 172911083 185560283 172911083 208188082 199406608 -12649200 0 X X 0 0 0 X 103901 103901 267547599 273598888 248210281 298271662 223218235 1310846665 267547599 273598888 248210281 298271662 223322136 1310950566 0 0 0 1310950566 1144103 1402307 1434980 1102546 1059404 6143340 4479 25071 29550 1144103 1406786 1460051 1102546 1059404 6172890 1935 71 2006 374570 750400 649543 1057150 2222839 5054502 269066272 275758009 250319946 300431358 226604379 1322179964 0.99150 0.99300 0.00470 0.00460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 27500 27500 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 27233746 13396990 13836756 13292137 6447028 6845109 41749751 32897592 8852159 10539591 6436330 4103261 37449772 CUSTOMER DEPOSITS 3992288 PENSION LIABILITY 1717458 5709746 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. 60393 0 1 0 0 0 1 60393 0 60393 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 1 0 0 1 0 0 0 1 0 JEFFREY HAWTING PRESIDENT (THRU OCT) 537344 0 0 0 50047 0 3436 0 18430 0 609257 0 0 0 PATRICK LINDSEY PRESIDENT 455869 0 111681 0 4386 0 10150 0 7057 0 589143 0 0 0 WILLIAM HUDSON TREASURER 485556 0 0 0 0 0 0 0 0 0 485556 0 0 0 NATHAN CARTER CFO (THRU DEC) 267385 0 50000 0 8723 0 5205 0 22062 0 353375 0 0 0 MARISA CHRISMON CHRO 201758 0 37500 0 11200 0 8852 0 16941 0 276251 0 0 0 DUWAYNE GILBERTSON VP OF PRODUCT DEVELOPMENT 194519 0 37500 0 6279 0 7278 0 22116 0 267692 0 0 0 WILLIAM BLACKTON VP OF RETAIL 191754 0 30000 0 2027 0 6538 0 16941 0 247260 0 0 0 SCOTT M SCHRANTZ DIRECTOR DISTRIBUTION 155891 0 19500 0 0 0 5462 0 16941 0 197794 0 0 0 ANDRO P CZUCZUK DIRECTOR PURCHASING 152535 0 9000 0 0 0 5756 0 22116 0 189407 0 0 0 GRACE BAIER-GREEN DIRECTOR SALES 139241 0 8377 0 4800 0 5413 0 16941 0 174772 0 0 0 MICHAEL W GRAFTON MANAGER PRODUCT DEVELOPMENT 127633 0 12750 0 0 0 4974 0 16941 0 162298 0 0 0 PART I, LINE 4A THE FOLLOWING OFFICER RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: - JEFFREY HAWTING - $94,385.40 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 103901 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 103901 FMV