2011-05-12T14:49:52-05:00 2010-06-30 DIXON HUGHES GOODMAN LLP 2501 BLUE RIDGE ROAD SUITE 500 RALEIGH NC 27607 990 2009-07-01 560686307 L C INDUSTRIES INC FKA LC IND INC LCIN 9195968277 4500 EMPEROR BOULEVARD DURHAM NC 27703 RICHARD STALLINGS 9195968277 2011-05-11 1 Heather Horton 9198764546 2011-05-11 2009 2016-02-24 21:20:13Z RICHARD STALLINGS 4500 EMPEROR BOULEVARD DURHAM NC 27703 263732435 0 X www.buylci.com X 1958 NC TO EMPLOY AND TEACH THE VISUALLY HANDICAPPED 8 7 905 0 0 0 0 0 1067604 728322 54040856 66401499 55108460 67129821 6052300 0 18748432 20621813 0 0 17303252 18017381 36051684 44691494 19056776 22438327 161380532 179954516 23115023 19874661 138265509 160079855 TO PROVIDE JOB OPPORTUNITIES TO THE LEGALLY BLIND THROUGH MANUFACTURING AND SALES DISTRIBUTION OF A VARIETY OF PRODUCTS. 0 0 33259080 6052300 EMPLOYMENT OF VISUALLY HANDICAPPED TO MANUFACTURE MATTRESSES, MATTRESS COVERS, FILE FOLDERS, WALLET ENVELOPES, MOPS, WATER CANS, PAPER PRODUCTS AND OTHER PLASTICS. ALSO OPERATE RETAIL STORES THAT SELL BLIND MADE PRODUCTS. 33259080 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 43 0 905 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 7 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 GA MS CA X RICHARD STALLINGS 9195968277 4500 EMPEROR BLVD DURHAM NC 27703 richard hutson 5.00 X 0 0 0 ted griffin 5.00 X 0 0 0 joe lee III 5.00 X 0 0 0 tom white 5.00 X 0 0 0 john mallard 5.00 X 0 0 0 ernie roessler 5.00 X 0 0 0 steve harris 5.00 X 0 0 0 WILLIAM HUDSON 40.00 X 794031 0 32500 jeffrey schwartz 40.00 X 443110 0 37781 richard stallings 40.00 X 335145 0 36000 ed gagne 40.00 X 167237 0 0 jefferson easterling 40.00 X 169687 0 0 jeffrey hawting 40.00 X 228549 0 0 william blackton 40.00 X 166103 0 0 delbert white 40.00 X 208372 0 0 2512234 0 106281 16 0 1 0 0 765935 765935 295432 295432 295432 295432 26640336 2200 26665899 14250 -25563 -12050 -37613 -37613 235919595 169922465 65997130 65997130 miscellaneous income 900099 108937 108937 108937 67129821 66106067 0 1023754 6052300 6052300 1130635 769009 361626 16160383 10345651 5814732 1966170 1329905 636265 88314 22895 65419 1276311 946184 330127 2948826 1702508 1246318 108770 76282 32488 1842278 1364772 477506 10658 4083 6575 203989 203989 599413 195585 403828 120314 3560 116754 1208 1208 2333332 1375366 957966 2180795 1708940 471855 freight and delivery ex 2846967 2794162 52805 merchant fees and bank 1650837 1638388 12449 sales commission and ex 1472525 1441059 31466 repairs and maintenance 1246703 1078581 168122 bad debt expense 152572 53607 98965 298194 151046 147148 44691494 33259080 11432414 0 34355917 42323248 35466004 34735737 15467198 14370029 38235497 44926361 497860 3612148 60629482 28542417 30842206 32087065 1162364 530777 5321088 5647572 32398 1721579 161380532 179954516 20680075 17554168 908160 1064008 38473 1526788 1218012 23115023 19874661 X 138265509 160079855 138265509 160079855 161380532 179954516 X 0 1 1 X 0 X 158380878 166608431 193961598 222051807 235919595 976922309 158380878 166608431 193961598 222051807 235919595 976922309 0 0 0 976922309 1248050 2162215 1522241 1517625 1061367 7511498 1248050 2162215 1522241 1517625 1061367 7511498 412539 182414 92108 170943 108937 966941 160041467 168953060 195575947 223740375 237089899 985400748 0.99140 0.99030 0.00760 0.00800 X 3358586 3358586 19200476 5546606 13653870 5738888 2275678 3463210 24881057 16189942 8691115 7450475 4530191 2920284 32087065 customer deposits 1218012 1218012 67129821 44691494 22438327 207606 -831587 -623981 21814346 66505840 207606 -831587 -623981 67129821 0 67129821 44691494 0 44691494 0 44691494 Part X: Description of Uncertain Tax Positions Under FIN 48: Effective July 1, 2009, the Company adopted FASB authoritative guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for the recognition and measurement of the benefits of individual tax positions in the consolidated financial statements. Tax positions must meet a recognition threshold of more-likely-than-not in order for the benefit of those tax positions to be recognized in the Company's consolidated financial statements. The Company has determined that it does not have any material unrecognized tax benefits or obligations as of June 30, 2010 and the adoption of the guidance did not have a material effect on the Company's consolidated financial position or results of operations. Interest and penalties related to income tax assessments, if any, are reflected in program and supporting services in the accompanying statement of activities. Fiscal years ending on or after June 30, 2009 and June 30, 2007 remain subject to examination by federal and state tax authorities, respectively. Part XI, Line 8 - Other Adjustments: LOSS FROM SUBSIDIARY: -831587. Part XII, Line 2d - Other Adjustments: LOSS FROM SUBSIDIARY: -831587. 0 DUKE EYE CENTER 2351 erwin road DURHAM NC 27710 560532129 501(c)(3) 6000000 TO FUND A NEW FACILITY FOR THE OPHTHALMOLOGY TREATMENT AND RESEARCH CENTER AT DUKE UNIVERSITY USO OF NC PO BOX 91536 RALEIGH NC 27675 560532315 501(c)(3) 50000 TO SUPPORT MILITARY FAMILIES 2 X 0 0 0 0 0 0 0 0 0 WILLIAM HUDSON 391270 0 398300 0 4461 0 0 0 32500 0 826531 0 0 0 jeffrey schwartz 233710 0 199150 0 10250 0 0 0 37781 0 480891 0 0 0 richard stallings 183110 0 145937 0 6098 0 0 0 36000 0 371145 0 0 0 ed gagne 167237 0 0 0 0 0 0 0 0 0 167237 0 0 0 jefferson easterling 169687 0 0 0 0 0 0 0 0 0 169687 0 0 0 jeffrey hawting 228549 0 0 0 0 0 0 0 0 0 228549 0 0 0 william blackton 166103 0 0 0 0 0 0 0 0 0 166103 0 0 0 delbert white 208372 0 0 0 0 0 0 0 0 0 208372 0 0 0 Joe M Lee III board member 420126 Member's company was paid for repairs and maintenance of equipment. 0 Form 990, Part VI, Section B, line 11 THE FORM 990 WILL BE REVIEWED BY MANAGEMENT PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 15 Study done by outside consulting firm and presented to the Board of Directors. The Board of Directors sets CEO and other VP compensation. All other compensation is reviewed by the HR department and the CEO. Form 990, Part VI, Section C, line 18 PROVIDES COPIES UPON REQUEST. Form 990, Part VI, Section C, line 19 PROVIDES COPIES UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR LCI INVESTMENTS INC 3211 S MIAMI BLVD DURHAM NC 27703 263966355 INVESTMENT NC L C INDUSTRIES INC C -831587 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA