2013-08-13T09:12:16-05:00 2012-09-30 420714325 MCGLADREY LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2011-10-01 560532308 INDUSTRIES OF THE BLIND INC INDU 3362741591 920 WEST LEE STREET GREENSBORO NC 27403 DAVID LOPRESTI 3362741591 2013-08-05 1 TAMELA L GAINEY P00437957 3362724551 2011 2016-02-24 21:20:13Z DAVID LOPRESTI 920 WEST LEE STREET GREENSBORO NC 27403 23203617 0 X WWW.INDUSTRIESOFTHEBLIND.COM X 1933 NC SEE SCHEDULE O.TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. 13 12 228 12 0 0 53516 406 0 0 36782 71848 7733604 3865526 7823902 3937780 950 0 0 0 1719738 1726052 0 0 0 1281065 1346494 3001753 3072546 4822149 865234 18970475 20736632 1840748 2626338 17129727 18110294 TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. 0 0 0 0 3865526 TO ENHANCE THE OPPORTUNITIES FOR PEOPLE WHO ARE BLIND TO ACHIEVE GREATER VOCATIONAL, PERSONAL, AND ECONOMIC INDEPENDENCE. INDUSTRIES OF THE BLIND HAS PROVIDED JOBS AND VOCATIONAL TRAINING TO THE BLIND. AS OF FISCAL YEAR END SEPTEMBER 30, 2012, INDUSTRIES OF THE BLIND EMPLOYEES 130 VISUALLY IMPAIRED AND BLIND PEOPLE. REVENUE OF $3,865,526 SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 228 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MR TOM BOGGS 3362741591 920 WEST LEE STREET GREENSBORO NC 27403 LENWOOD E DENNIS 2.50 X X 0 0 0 WILLIAM J CRAFT 1.00 X X 0 0 0 SANDRA SHELTON 1.00 X X 0 0 0 HAROLD MESSICK 0.50 X X 0 0 0 ASHLEY S JAMES JR 1.00 X X 0 0 0 CHI ANYANSI-ARCHIBONG 0.50 X 0 0 0 TIM JARRELL 0.50 X 0 0 0 PAUL MARTH 0.50 X 0 0 0 MILTON MCFARLAND 0.50 X 0 0 0 DAVID THOMPSON 1.00 X 0 0 0 SCOTT THORNHILL 0.50 X 0 0 0 WILLIAM WIENER 0.50 X 0 0 0 DAVID LOPRESTI 40.00 X X 220912 0 7182 TOM BOGGS 40.00 X 133251 0 11833 354163 0 19015 2 0 1 0 HOLLAND & KNIGHT LLP PO BOX 864084 ORLANDO FL 328864084 LEGAL SERVICES 450774 1 406 406 72769 72769 566654 10618 568775 9418 -2121 1200 -921 -921 22534935 18687644 3847291 3847291 MISCELLANEOUS 900099 16827 16827 DISCOUNTS EARNED 900099 1408 1408 18235 3937780 3865526 0 71848 414578 414578 936885 936885 159025 159025 135834 135834 79730 79730 458113 458113 26875 26875 12579 12579 45458 45458 93404 93404 87892 87892 36115 36115 17246 17246 343 343 200831 200831 154402 154402 TELEPHONE & INTERNET 41029 41029 REPAIRS & MAINTENANCE 34359 34359 EMPLOYEE DEVELOPMENT 32396 32396 BANK SERVICE CHARGES 26891 26891 78561 78561 3072546 0 3072546 0 821016 1057529 4949309 4442652 3550070 2620481 2718229 2239003 50646 76889 13794445 6522238 6879705 7272207 3026371 1500 1500 18970475 20736632 1840748 2607845 0 18493 1840748 2626338 X 17093465 18074021 36262 36273 17129727 18110294 18970475 20736632 X 865234 115333 X 0 1 1 X 0 X 670136 13 46447 53516 406 770518 15579458 29781526 18668063 34511749 22534935 121075731 16249594 29781539 18714510 34565265 22535341 121846249 0 0 0 121846249 408021 46724 30431 37315 72769 595260 408021 46724 30431 37315 72769 595260 29589 38714 37152 46411 18235 170101 16687204 29866977 18782093 34648991 22626345 122611610 0.99380 0.99170 0.00490 0.00690 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: DISCOUNTS EARNED MISCELLANEOUS STORAGE FEES 848305 848305 8188271 3375808 4812463 4452382 3066536 1385846 305487 79894 225593 7272207 CURRENT PORTION OF CAPITAL LEASE 3941 LONG TERM PORTION OF CAPITAL LEASE 14552 18493 3937780 3072546 865234 115333 115333 980567 4904911 115333 -343 114990 4789921 12579 -864720 -852141 3937780 3924344 864720 864720 3059624 12579 343 12922 3072546 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES BEFORE 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS INTEREST EXPENSE -343. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS SELLING EXPENSE -864,720. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SELLING EXPENSE 864,720. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS INTEREST EXPENSE 343. X X 0 0 0 0 0 0 0 0 0 DAVID LOPRESTI 157027 0 63885 0 0 0 6281 0 901 0 228094 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 FORM WILL BE FIRST REVIEWED BY IOB DIRECTOR OF FINANCE THEN PASSED ON TO THE CHAIRMAN OF FINANCE COMMITTEE AND TREASURER OF THE BOARD OF DIRECTORS. THE 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AT A BOARD MEETING THE MEMBERS WILL OPENLY DISCUSS INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PROCESS FOR DETERMINING OFFICER COMPENSATION. IN ORDER TO DETERMINE COMPENSATION, THE BOARD ANALYZES COMPARABILITY DATA FROM THE INDUSTRY AND SIMILAR NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THEY CAN BE REVIEWED ON SITE AT THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 115,333. FORM 990, PART VII, SECTION A, COLUMN F THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS.