2025-02-28T09:46:13+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 560686307 L C Industries Inc LCIN 9195968277 4500 EMPEROR BOULEVARD DURHAM NC 27703 PATRICK LINDSEY President 9195968277 2025-02-28 true true Amy Bibby P00445891 8282542254 2025-02-28 2023 2025-03-06 01:10:19Z PATRICK LINDSEY 4500 EMPEROR BOULEVARD DURHAM NC 27703 393771081 false X WWW.LCINDUSTRIES.COM X 1958 NC TO EMPLOY AND TEACH THE VISUALLY IMPAIRED. 8 7 946 0 0 0 155748 112248 286174130 347867051 2001091 6264029 7385471 4956429 295716440 359199757 1100 1756422 0 0 44512109 50094374 0 0 0 244298161 290830297 288811370 342681093 6905070 16518664 216486748 237338924 36530520 40864032 179956228 196474892 THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR those who are blind and visually impaired. false false 323141980 1756422 352783712 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 6/30/24 CONSISTED OF 256 INDIVIDUALS. 323141980 true true false true false false false false false true false false false true false false false false true true false false false false false false true false true false false false false false false false false true false false false false true true true false false true 99 0 true 946 true false false false false false false false false false false false false X 8 7 false false false false false false false true true false false true true false false true true true true false CA GA X PATRICK LINDSEY 9195968277 4500 EMPEROR BLVD DURHAM NC 27703 Richard M Hutson Chair 5.0 0.0 X X 0 0 0 William Hudson Treasurer / Secretary 5.0 0.0 X X 485556 0 0 Gene Lewis Board Member 5.0 0.0 X 0 0 0 Jim Holmes Board Member 5.0 0.0 X 0 0 0 Joe M Lee III Board Member 5.0 0.0 X 0 0 0 Justin Wright Board Member 5.0 0.0 X 0 0 0 Ted Griffin Board Member 5.0 0.0 X 0 0 0 Thom White Board Member 5.0 0.0 X 0 0 0 Duwayne T Gilbertson VP of Product Development 40.0 0.0 X 272305 0 30005 Marisa O Chrismon CHRO 40.0 0.0 X 298221 0 27378 Patrick K Lindsey President 40.0 0.0 X 868163 0 18607 William H Blackton VP of Retail 40.0 0.0 X 281554 0 24530 Paige H Goss VP of Finance 40.0 0.0 X 181639 0 26702 Scott M Schrantz Director Distribution 40.0 0.0 X 199765 0 23155 Andro P Czuczuk Director Purchasing 40.0 0.0 X 177717 0 28336 Grace Baier-green Director Sales 40.0 0.0 X 175219 0 13189 John G Samuel Director of ABLR 40.0 0.0 X 142872 0 5054 Kevin P Beck Software Engineer 40.0 0.0 X 150947 0 12340 Michael W Grafton Manager Product Development 40.0 0.0 X 152735 0 22286 3386693 0 231582 40 false true false Tiger Technology 11877 Douglas Road Suite 102-326 Alpharetta GA 30005 Software Support 571837 Forvis Mazars LLP 500 Ridgefield Ct Asheville NC 28806 Assurance Tax & Consulting Services 319376 Stealth Partner Group 18700 N Hayden Rd Suite 405 Scottsdale AZ 85255 Specialized General Agency 296156 MCAConnect 10497 Town Country Way Ste 950 Houston TX 77024 Software Support 251410 Manhattan Associates 10th Floor USA 2300 Windy Ridge Pk Atlanta GA 30339 Software Support 235964 8 112248 112248 112248 Sales Revenue 900099 347867051 347867051 0 0 0 0 347867051 2861517 2861517 39768 0 39768 0 39768 39768 37973836 34571324 3402512 0 3402512 3402512 MANAGEMENT FEE INCOME 541610 2946786 2946786 SERVICE INCOME 561499 1753663 1753663 COMMISSIONS 900099 216212 216212 0 0 0 0 4916661 359199757 352783712 0 6303797 1756422 1756422 2252024 2252024 35137599 27471669 7665930 4155289 3553159 602130 5814881 4827781 987100 2734581 2112971 621610 63273 3800 59473 73070 73070 6556278 3668238 2888040 0 224984 35816 189168 10273178 9883140 390038 173587 34773 138814 3447994 3375785 72209 590420 244064 346356 371924 53642 318282 4240459 3691200 549259 1648241 1215478 432763 COGS 264919354 264919354 REPAIRS & MAINTENANCE 4926582 3767914 1158668 COMMISSIONS 3781032 3545375 235657 BAD DEBT EXPENSE 558522 558522 -11018601 -11018601 0 0 342681093 323141980 19539113 0 11052445 34017029 30262005 30763907 25126443 24148101 0 0 0 0 71104105 67863921 1485555 4194609 92495237 59930337 34470077 32564900 35626002 39660282 0 0 1363068 987523 5997048 3138652 216486748 237338924 24317604 31434529 2296768 1369559 0 0 9916148 8059944 36530520 40864032 X 179956228 196474892 179956228 196474892 216486748 237338924 16518664 0 X true X false false false X 103901 155748 112248 371897 248859824 299328812 225441074 293522892 352783712 1419936314 0 0 0 248859824 299328812 225544975 293678640 352895960 1420308211 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1420308211 1434980 1102546 1059404 1486933 2901285 7985148 25071 25071 1460051 1102546 1059404 1486933 2901285 8010219 71 71 0 0 0 0 0 0 250319946 300431358 226604379 295165573 355797245 1428318501 0.9944 0.9917 0.01 0.0048 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 24000 24000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY 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 27342460 14552048 12790412 14170162 7683018 6487144 36795748 28799212 7996536 10374380 8896059 1478321 32564900 CUSTOMER DEPOSITS 2982887 PENSION LIBILITY 1948787 LEASE LIABILITY 3128270 8059944 East Asia and the Pacific 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. 59753 0 1 0 0 0 1 59753 0 59753 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual L C INDUSTRIES FOUNDATION 4500 EMPEROR BOULEVARD DURHAM NC 27703 455200306 501(c)(3) 1750000 Program Support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. n/a X false false false true false false false true false William Hudson Treasurer / Secretary 485556 0 0 0 0 0 0 0 0 0 485556 0 0 0 Patrick K Lindsey President 614800 0 250000 0 3363 0 11550 0 7057 0 886770 0 0 0 Marisa O Chrismon CHRO 237022 0 50000 0 11199 0 10437 0 16941 0 325599 0 0 0 William H Blackton VP of Retail 229517 0 50000 0 2037 0 7589 0 16941 0 306084 0 0 0 Duwayne T Gilbertson VP of Product Development 218048 0 50000 0 4257 0 7889 0 22116 0 302310 0 0 0 Scott M Schrantz Director Distribution 173396 0 26000 0 369 0 6214 0 16941 0 222920 0 0 0 Paige H Goss VP of Finance 151839 0 25000 0 4800 0 4586 0 22116 0 208341 0 0 0 Andro P Czuczuk Director Purchasing 165717 0 12000 0 0 0 6220 0 22116 0 206053 0 0 0 Grace Baier-green Director Sales 155419 0 15000 0 4800 0 6132 0 7057 0 188408 0 0 0 Michael W Grafton Manager Product Development 135735 0 17000 0 0 0 5345 0 16941 0 175021 0 0 0 Kevin P Beck Software Engineer 147097 0 3850 0 0 0 5283 0 7057 0 163287 0 0 0 Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization 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 J, Part I, Line 7 Non-fixed payments 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 112248 Market value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - Fixed Assets The organization is reporting the number of contributions. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY MANAGEMENT AND THEN EMAILED TO EVERY BOARD MEMBER PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 15a Process to establish compensation of top management official 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, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public 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 ROAD DURHAM NC 27703 455200306 TO IMPROVE THE LIVES AND WELL BEING OF PERSONS WHO ARE BLIND NC 501(c)(3) Type I L C INDUSTRIES INC true LCI INVESTMENTS INC 23211 S MIAMI BLVD DURHAM NC 263966355 263966355 INVESTMENT NC L C INDUSTRIES INC C Corporation 0 0 1 true false true true false false false false false false false false false false false false false false false false L C Industries Foundation B 1750000 FMV L C Industries Foundation C 112248 FMV Schedule R, Part V, Line 2 Line 1b Transaction L C Industries Foundation - Transaction Type B - $1,750,000 - Method of determining amount involved: FMV