L C IND INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- L C IND INC (EIN 56-0686307)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201401349349300110
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T06:26:10-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560747981 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560686307 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L C INDUSTRIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LCIN | NameControl |
| Phone | 9195968277 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 EMPEROR BOULEVARD | AddressLine1 |
| City | DURHAM | City |
| State | NC | State |
| ZIP Code | 27703 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD STALLINGS | Name |
| Title | CFO | Title |
| Phone | 9195968277 | Phone |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| PTIN | P00445891 | PTIN |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WILLIAM HUDSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 EMPEROR BOULEVARD | AddressLine1 |
| City | DURHAM | City |
| State | NC | State |
| ZIP Code | 27703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 230691299 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BUYLCI.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1958 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO EMPLOY AND TEACH THE VISUALLY HANDICAPPED | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 920 | TotalNbrEmployees |
| Total Nbr Volunteers | 7 | TotalNbrVolunteers |
| Total Gross UBI | 28600 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 531115 | InvestmentIncomePriorYear |
| Investment Income Current Year | 794903 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 66951460 | OtherRevenuePriorYear |
| Other Revenue Current Year | 56130116 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 67482575 | TotalRevenuePriorYear |
| Total Revenue Current Year | 56925019 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6164700 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12082000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 25484588 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27545867 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22262582 | OtherExpensePriorYear |
| Other Expenses Current Year | 22738884 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 53911870 | TotalExpensesPriorYear |
| Total Expenses Current Year | 62366751 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13570705 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -5441732 | RevenuesLessExpensesCY |
| Total Assets BOY | 196517222 | TotalAssetsBOY |
| Total Assets EOY | 190733180 | TotalAssetsEOY |
| Total Liabilities BOY | 19408418 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 19066108 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 177108804 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 171667072 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR PEOPLE WHO ARE LEGALLY BLIND. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 48583743 | Expense |
| Grants | 12082000 | Grants |
| Description | THE ORGANIZATION EMPLOYED VISUALLY HANDICAPPED 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 10/1/2012 CONSISTED OF 363 INDIVIDUALS. THIRTY-THREE ADDITIONAL INDIVIDUALS WERE ADDED TO THE DIRECT BLIND WORKFORCE FOR THE TAX YEAR. | Description |
| Total Program Service Expense | 48583743 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 47 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 920 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD STALLINGS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9195968277 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 EMPEROR BLVD | AddressLine1 |
| City | DURHAM | City |
| State | NC | State |
| ZIP Code | 27703 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per Week RelatedAverageHoursPerWeekRelated | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD M HUTSON | |||||||||
| BOARD MEMBER | 5.00 | 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 | ||||
| TOM WHITE | |||||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||||
| JOHN MALLARD | |||||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||||
| ERNIE ROESSLER | |||||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||||
| STEVE HARRIS | |||||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||||
| WILLIAM HUDSON | |||||||||
| CEO & PRESIDENT | 40.00 | X | 916105 | 0 | 38185 | 5.00 | X | ||
| RICHARD STALLINGS | |||||||||
| CFO | 40.00 | 426183 | 0 | 37967 | X | ||||
| JEFFREY HAWTING | |||||||||
| COO | 40.00 | 249560 | 0 | 38183 | X | ||||
| JEFF SCHWARTZ | |||||||||
| PRESIDENT | 40.00 | 565794 | 0 | 31787 | X | ||||
| DELBERT L WHITE | |||||||||
| VP - BUSINESS STRATEGY & DEVELOPMENT | 40.00 | 240031 | 0 | 16266 | X | ||||
| WILLIAM H BLACKTON | |||||||||
| DIRECTOR - RETAIL/DC | 40.00 | 179874 | 0 | 32630 | X | ||||
| JEFFERSON S EASTERLING | |||||||||
| PLANT MANAGER | 40.00 | 172086 | 0 | 28259 | X | ||||
| MARISA O CHRISMON | |||||||||
| VP - HUMAN RESOURCE | 40.00 | 161400 | 0 | 11157 | X | ||||
| EDDIE R GAGNE | |||||||||
| BUSINESS & PRODUCT DEVELOPMENT | 40.00 | 175392 | 0 | 26163 | X | ||||
| KENNETH W EDWARDS | |||||||||
| DIRECTOR - MARKETING | 40.00 | 151079 | 0 | 29197 | X | ||||
| MICHAEL W GRAFTON | |||||||||
| DIRECTOR - MANUFACTURING | 40.00 | 139781 | 0 | 33462 | X | ||||
| DUWAYNE GILBERTSON | |||||||||
| DIRECTOR - PRODUCTION DEVELOPMENT | 40.00 | 136484 | 0 | 8165 | X | ||||
| TERRENCE T MANNS | |||||||||
| DIRECTOR - SALES | 40.00 | 132600 | 0 | 70 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3646369 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 331491 | TotalOtherCompensation |
| Number Individuals GT100 K | 21 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PARISELLI VINDELLI ASSOCIATES | |||||
| 101 FEDERAL ST SUITE 1900 | BOSTON | MA | 02110 | STREAMLINE MANUFACTURING PROCESS | 521050 |
| DIXON HUGHES GOODMAN | |||||
| 2501 BLUE RIDGE RD SUITE 500 | RALEIGH | NC | 27607 | INDEPENDENT AUDITORS | 293999 |
| TRANSATLANTIC GROUP | |||||
| 3 MERIDIAN LANE | STAFFORD | VA | 22556 | SALES CONSULTANT | 145139 |
| GUILLUAME CONSULTING | |||||
| 917 1ST ST SOUTH UNIT 1002 | JACKSONVILLE BEACH | FL | 32250 | ERP IMPLEMENTATION | 139973 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 741358 | TotalRevenueColumn |
| Exclusion | $741,358 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 35640 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 35640 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35640 | TotalRevenueColumn |
| Exclusion | $35,640 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2888256 | Securities |
| Other | 2850 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2836366 | Securities |
| Other | 1195 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 51890 | Securities |
| Other | 1655 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53545 | TotalRevenueColumn |
| Exclusion | $53,545 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 226752701 | GrossSalesOfInventory |
| Cost Of Goods Sold | 170928719 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55823982 | TotalRevenueColumn |
| Related Or Exempt Function Income | 55823982 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| COMMISSIONS | 900099 | 190277 | 190277 | |
| MISCELLANEOUS | 900099 | 51617 | 51617 | |
| ADVERTISING | 900099 | 28600 | 28600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 270494 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 56925019 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56065876 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 28600 | UnrelatedBusinessRevenue |
| Exclusion | $830,543 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12082000 | Total |
| Program Services | 12082000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2633227 | Total |
| Program Services | 1725726 | ProgramServices |
| Management And General | 907501 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18641244 | Total |
| Program Services | 12728405 | ProgramServices |
| Management And General | 5912839 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2553633 | Total |
| Program Services | 1866291 | ProgramServices |
| Management And General | 687342 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2135262 | Total |
| Program Services | 1659125 | ProgramServices |
| Management And General | 476137 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1582501 | Total |
| Program Services | 1217406 | ProgramServices |
| Management And General | 365095 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43702 | Total |
| Program Services | 575 | ProgramServices |
| Management And General | 43127 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319699 | Total |
| Management And General | 319699 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4165746 | Total |
| Program Services | 3037164 | ProgramServices |
| Management And General | 1128582 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100584 | Total |
| Program Services | 4167 | ProgramServices |
| Management And General | 96417 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7415413 | Total |
| Program Services | 6608180 | ProgramServices |
| Management And General | 807233 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 393903 | Total |
| Program Services | 81845 | ProgramServices |
| Management And General | 312058 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2402880 | Total |
| Program Services | 2097547 | ProgramServices |
| Management And General | 305333 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 748535 | Total |
| Program Services | 352219 | ProgramServices |
| Management And General | 396316 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 760801 | Total |
| Program Services | 383824 | ProgramServices |
| Management And General | 376977 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2635481 | Total |
| Program Services | 2134805 | ProgramServices |
| Management And General | 500676 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 621576 | Total |
| Program Services | 579103 | ProgramServices |
| Management And General | 42473 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| COMMISSIONS | 2187051 | 2001413 | 185638 |
| BAD DEBT EXPENSE | 943435 | 23948 | 919487 |
| MISCELLANEOUS | 78 | 0 | 78 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62366751 | Total |
| Program Services | 48583743 | ProgramServices |
| Management And General | 13783008 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57929886 | BOY |
| EOY | 45549800 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18132296 | BOY |
| EOY | 14639683 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13749079 | BOY |
| EOY | 13979934 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48953429 | BOY |
| EOY | 52311959 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1660560 | BOY |
| EOY | 703651 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 76696331 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 37257810 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39377933 | BOY |
| EOY | 39438521 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 22297565 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4893683 | BOY |
| EOY | 131122 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10103732 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1680945 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1716624 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 196517222 | BOY |
| EOY | 190733180 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15705316 | BOY |
| EOY | 16165895 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1167031 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2536071 | BOY |
| EOY | 2900213 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19408418 | BOY |
| EOY | 19066108 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177108804 | BOY |
| EOY | 171667072 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177108804 | BOY |
| EOY | 171667072 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 196517222 | BOY |
| EOY | 190733180 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -5441732 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 222051807 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 235919595 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 266579880 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 247733877 | CurrentTaxYearMinus1Year |
| Current Tax Year | 226994595 | CurrentTaxYear |
| Total | 1199279754 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 222051807 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 235919595 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 266579880 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 247733877 | CurrentTaxYearMinus1Year |
| Current Tax Year | 226994595 | CurrentTaxYear |
| Total | 1199279754 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 1199279754 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1517625 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1061367 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 939526 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 592390 | CurrentTaxYearMinus1Year |
| Current Tax Year | 776989 | CurrentTaxYear |
| Total | 4887897 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 27100 | CurrentTaxYear |
| Total | 27100 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1517625 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1061367 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 939526 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 592390 | CurrentTaxYearMinus1Year |
| Current Tax Year | 804089 | CurrentTaxYear |
| Total | 4914997 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 170943 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 108937 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 174313 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 238949 | CurrentTaxYearMinus1Year |
| Total | 693142 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 223740375 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 237089899 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 267693719 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 248565216 | CurrentTaxYearMinus1Year |
| Current Tax Year | 227798684 | CurrentTaxYear |
| Total | 1204887893 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99530 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.99450 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00410 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00480 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 789302 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3812487 | OtherCostOrOtherBasis |
| Book Value | 4601789 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24385371 | OtherCostOrOtherBasis |
| Depreciation | 7247526 | Depreciation |
| Book Value | 17137845 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7149705 | OtherCostOrOtherBasis |
| Depreciation | 2850497 | Depreciation |
| Book Value | 4299208 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32688608 | OtherCostOrOtherBasis |
| Depreciation | 22343591 | Depreciation |
| Book Value | 10345017 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7870858 | OtherCostOrOtherBasis |
| Depreciation | 4816196 | Depreciation |
| Book Value | 3054662 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39438521 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER DEPOSITS | $1,639,645 |
| PENSION LIABILITY | $1,260,568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2900213 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 56925019 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 56925019 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 56925019 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 50366751 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 50366751 | ExpensesSubtotal |
| Other Expenses Not Included | 12000000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 12000000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 62366751 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | 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 NO 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, 2013 AND 2012. THE COMPANY BELIEVES THEY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR JUNE 30, 2010. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | DONATION TO FOUNDATION 12,000,000. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| USO OF NORTH CAROLINA | |||||||
| PO BOX 91536 | RALEIGH | NC | 27625 | 560532315 | 501(C)(3) | 75000 | OPERATIONAL SUPPORT |
| CITY OF HOPE | |||||||
| 1500 E DUARTE RD | DUARTE | CA | 91010 | 953435918 | 501(C)(3) | 6000 | OPERATIONAL SUPPORT |
| L C INDUSTRIES FOUNDATION | |||||||
| 4500 EMPEROR BLVD | DURHAM | NC | 27703 | 455200306 | 501(C)(3) | 12000000 | OPERATIONAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE ORGANIZATION DOES NOT HAVE A FORMAL GRANT ASSISTANCE POLICY. INSTEAD, THE ORGANIZATION OFFERS DONATIONS TO SELECT CHARITABLE ORGANIZATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM HUDSON | ||||||||||||||
| CEO & PRESIDENT | 571158 | 0 | 339196 | 0 | 5751 | 0 | 22500 | 0 | 15685 | 0 | 954290 | 0 | 5486 | 0 |
| RICHARD STALLINGS | ||||||||||||||
| CFO | 266070 | 0 | 157000 | 0 | 3113 | 0 | 22500 | 0 | 15467 | 0 | 464150 | 0 | 3169 | 0 |
| JEFFREY HAWTING | ||||||||||||||
| COO | 188858 | 0 | 58200 | 0 | 2502 | 0 | 18000 | 0 | 20183 | 0 | 287743 | 0 | 2388 | 0 |
| JEFF SCHWARTZ | ||||||||||||||
| PRESIDENT | 335544 | 0 | 216000 | 0 | 14250 | 0 | 16320 | 0 | 15467 | 0 | 597581 | 0 | 5470 | 0 |
| DELBERT L WHITE | ||||||||||||||
| VP - BUSINESS STRATEGY & DEVELOPMENT | 174481 | 0 | 60000 | 0 | 5550 | 0 | 9876 | 0 | 6390 | 0 | 256297 | 0 | 0 | 0 |
| WILLIAM H BLACKTON | ||||||||||||||
| DIRECTOR - RETAIL/DC | 143809 | 0 | 34000 | 0 | 2065 | 0 | 12447 | 0 | 20183 | 0 | 212504 | 0 | 0 | 0 |
| JEFFERSON S EASTERLING | ||||||||||||||
| PLANT MANAGER | 162086 | 0 | 10000 | 0 | 0 | 0 | 22500 | 0 | 5759 | 0 | 200345 | 0 | 0 | 0 |
| MARISA O CHRISMON | ||||||||||||||
| VP - HUMAN RESOURCE | 135400 | 0 | 26000 | 0 | 0 | 0 | 4842 | 0 | 6315 | 0 | 172557 | 0 | 0 | 0 |
| EDDIE R GAGNE | ||||||||||||||
| BUSINESS & PRODUCT DEVELOPMENT | 143031 | 0 | 31600 | 0 | 761 | 0 | 10478 | 0 | 15685 | 0 | 201555 | 0 | 0 | 0 |
| KENNETH W EDWARDS | ||||||||||||||
| DIRECTOR - MARKETING | 135079 | 0 | 16000 | 0 | 0 | 0 | 9065 | 0 | 20132 | 0 | 180276 | 0 | 0 | 0 |
| MICHAEL W GRAFTON | ||||||||||||||
| DIRECTOR - MANUFACTURING | 116531 | 0 | 23250 | 0 | 0 | 0 | 13279 | 0 | 20183 | 0 | 173243 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | TRAVEL EXPENSES WERE PROVIDED FOR THE SPOUSE OF AN EMPLOYEE WHO SUCCESSFULLY ATTAINED A GOAL FOR AN ANNUAL SALES TRIP. AT THE DISCRETION OF THE CEO, SELECT ADMINISTRATIVE POSITIONS THAT SUPPORT SALES EFFORTS MAY ALSO BE INCLUDED. |
| 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. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOE LEE III | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER | Relationship |
| Amount Of Transaction | 124040 | AmountOfTransaction |
| Description Of Transaction | BOARD MEMBER IS ALSO A STOCKHOLDER OF A COMPANY THAT WAS COMPENSATED FOR REPAIRS AND MAINTENANCE OF EQUIPMENT. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 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 | A STUDY IS DONE PERIODICALLY. THE LAST STUDY WAS DONE IN 2010 BY AN OUTSIDE CONSULTING FIRM AND PRESENTED TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SETS THE CEO AND OTHER VP COMPENSATION. ALL OTHER COMPENSATION IS REVIEWED BY THE HR DEPARTMENT AND CEO. |
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L C INDUSTRIES FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 EMPEROR BOULEVARD | AddressLine1 |
| City | DURHAM | City |
| State | NC | State |
| ZIP Code | 27703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455200306 | EIN |
| Primary Activities | TO IMPROVE THE LIVES AND WELL BEING OF PERSONS WHO ARE BLIND | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 509(A)(2) | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L C INDUSTRIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LCI INVESTMENTS INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3211 S MIAMI BLVD | AddressLine1 |
| City | DURHAM | City |
| State | NC | State |
| ZIP Code | 27703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263966355 | EIN |
| Primary Activity | INVESTMENT | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L C INDUSTRIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 1058969 | ShareOfTotalIncome |
| Share Of EOY Assets | 761835 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L C INDUSTRIES FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 12000000 | AmountInvolved |