2024-08-13T16:18:23-05:00 2023-09-30 440160260 FORVIS MAZARS LLP 4161 PIEDMONT PARKWAY SUITE 310 GREENSBORO NC 27410 990 2022-10-01 566001467 WINSTON-SALEM INDUSTRIES FOR THE BLIND INC WINS 3367590551 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 DANIEL KELLY PRESIDENT/CEO 3367590551 2024-08-07 1 1 BRIAN L DOUD P01748393 3368895156 2024-08-07 2022 2024-08-08 14:25:15Z IFB SOLUTIONS DANIEL KELLY 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 137940903 0 X IFBSOLUTIONS.ORG X 1936 NC TO TRAIN, EMPLOY AND SERVE VISUALLY-IMPAIRED INDIVIDUALS. 17 17 889 50 0 0 1675813 1023144 0 0 129082 1346201 9350570 14372039 11155465 16741384 60594 18000 0 0 14533707 11797776 0 0 472522 16910446 13191866 31504747 25007642 -20349282 -8266258 69196384 54582854 48881971 33816865 20314413 20765989 X TO PROVIDE OPPORTUNITIES FOR PERSONS WHO ARE BLIND OR VISUALLY-IMPAIRED AND ARE IN NEED OF TRAINING, EMPLOYMENT AND SERVICES. 0 0 15988122 18000 14207049 OPERATION OF A QUALIFIED ABILITYONE AGENCY: IN FISCAL YEAR 2023, IFB SOLUTIONS PROVIDED ESSENTIAL TRAINING, EMPLOYMENT AND SERVICES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED THROUGH LARGE-SCALE MANUFACTURING OPERATIONS, BASE SUPPLY CENTER RETAIL AND ONLINE STORES, REMOTE WORK OPPORTUNITIES THROUGH WORKFORCE SERVICES AND COMMUNITY OUTREACH. WITH A FOCUS ON CREATING FULFILLING CAREER PATHS, IFB SOLUTIONS BUILDS LIFE-CHANGING OPPORTUNITIES FOR A CRITICALLY UNDEREMPLOYED POPULATION. FOR THOSE NEW TO THE WORKFORCE, IFB'S PACKAGING AND ASSEMBLY OPERATIONS OFFER OPPORTUNITIES OF INFORMED CHOICE AS CRITICAL ENTRY POINTS TO EMPLOYMENT WHILE ALSO CREATING A GROWING NUMBER OF COMPETITIVE AND INTEGRATED SKILL-BASED TECHNICAL POSITIONS SUPPORTED BY EXTENSIVE IN-PERSON TRAINING. ADDITIONALLY, IFB WORKFORCE SERVICES DIVISION OFFERS WORK-FROM-HOME OPPORTUNITIES FOR THOSE WHO CANNOT RELOCATE OR ACCESS TRANSPORTATION. IFB ALSO PROVIDES SUPPORT TO THOSE WHO ARE BLIND OR VISUALLY IMPAIRED ON A STATEWIDE LEVEL THROUGH ITS COMMUNITY LOW VISION CENTERS, COMMUNITY OUTREACH AND THROUGH PROGRAMMING FOR CHILDREN WHO ARE BLIND. DURING FISCAL YEAR 2023, THIS WORK RESULTED IN THE EMPLOYMENT OF 404 INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED, GENERATING 622,624 HOURS WORKED BY PEOPLE WHO ARE BLIND. 15988122 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 86 0 1 889 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JASON MOSER 3362455648 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 DAVID HORTON PRESIDENT / CEO (THROUGH 12.31.2022) 40.00 X 380211 0 13500 DANIEL KELLY PRESIDENT / CEO (EFF. 01.01.2023) 40.00 X 304466 0 60095 SILAS MARTIN CHIEF OPERATING OFFICER 40.00 X 247296 0 12807 KENNETH EDWARDS CHIEF SUPPLY CHAIN OFFICER 40.00 X 219821 0 38621 DAVID HAMPTON VP OF HUMAN RESOURCES 40.00 X 206381 0 36988 VASHUDA RANGAPATHY VP OF IT & E-COMMERCE 40.00 X 171379 0 30885 JASON MOSER CHIEF FINANCIAL OFFICER 40.00 X 166825 0 11985 RANDY BUCKNER VP OF OPERATIONS SUPPORT 40.00 X 152566 0 15806 DANIEL CARSON DIRECTOR OF GOVERNMENT MAR 40.00 X 164394 0 1644 NATALYA MCCANDLESS DIRECTOR OF ACCOUNTING 40.00 X 148611 0 1635 GEORGE DOUGHTON III DIRECTOR OF MAJOR GIFTS 40.00 X 134792 0 15425 LAURA TRUE DIRECTOR OF HUMAN RESOURCES 40.00 X 122877 0 12174 ERIK COBHAM CHAIR, DIRECTOR 1.00 X X 0 0 0 HEATHER ROBINSON VICE CHAIR, DIRECTOR 1.00 X X 0 0 0 MICHAEL RHOADES SECRETARY, DIRECTOR 1.00 X X 0 0 0 ANN JOHNSTON ASSISTANT SECRETARY, DIRECTOR 1.00 X X 0 0 0 BOB COLUCCI TREASURER, DIRECTOR 1.00 X X 0 0 0 MARK DOUGHTON ASSISTANT TREASURER, DIRECTOR 1.00 X X 0 0 0 KAREN CAREY DIRECTOR 1.00 X 0 0 0 BRENDA DIGGS DIRECTOR 1.00 X 0 0 0 MIKE FAIRCLOTH DIRECTOR 1.00 X 0 0 0 JANE FERNANDES DIRECTOR 1.00 X 0 0 0 BIANCA MARTI JOHNSON DIRECTOR 1.00 X 0 0 0 W ROBERT NEWELL DIRECTOR 1.00 X 0 0 0 DAVE PLYLER DIRECTOR 1.00 X 0 0 0 ANDREW PRUETTE DIRECTOR 1.00 X 0 0 0 SAMUEL RICHARDSON DIRECTOR 1.00 X 0 0 0 PAT SMITH DIRECTOR 1.00 X 0 0 0 RUSS STINEHOUR DIRECTOR 1.00 X 0 0 0 JAMES TAYLOR JR DIRECTOR 1.00 X 0 0 0 JOHN GOOGE DIRECTOR EMERITUS 1.00 X 0 0 0 ROBERT BURGESS FORMER CHIEF FINANCIAL OFFICER 40.00 X 233635 0 9017 2653254 0 260582 21 1 1 0 SAMTECH LLC 1211 CORPORATION PKWY RALEIGH NC 27610 PURCHASE OF MATERIALS 10191400 84 LUMBER COMPANY 2600 LOWERY STREET WINSTON SALEM NC 27101 PURCHASE OF MATERIALS 987409 BETH PARTNERS LLC 104 QUINCY COURT YORKTOWN VA 23693 PURCHASE OF RESELL ITEMS (BSC) 863606 NCCL LLC 6295 CLEMENTINE DRIVE CLEMMONS NC 27012 LEASE 303987 SCHUYLER LINE NAVIGATION COMPANY LLC 130 SEVERN AVENUE 201 ANNAPOLIS MD 21403 FREIGHT SERVICES 300550 14 147625 875519 16404 1023144 69136 69136 1019 5022457 999 3745412 20 1277045 1277065 1277065 21944 147625 58492 -36548 -36548 2194 2489 -295 -295 131599176 117392127 14207049 14207049 MISCELLANEOUS INCOME 901101 201833 201833 201833 16741384 14207049 0 1511191 18000 18000 2465339 1290776 1094967 79596 5580232 2652047 2748233 179952 475041 368380 100321 6340 2610697 1526091 991908 92698 666467 339237 304938 22292 81083 81083 148406 148406 72000 72000 5043 5043 2344380 1321779 1001510 21091 572510 146205 424264 2041 194988 149133 45855 230800 61770 150233 18797 782967 782967 4819566 4797685 21506 375 2193571 1336984 856587 RESTRUCTURING CHARGES 1609991 1153814 456177 0 MISCELLANEOUS AND OTHER 136561 43254 43967 49340 25007642 15988122 8546998 472522 1849093 1614469 152644 54721 15311113 11221579 30276413 26380316 523990 312621 23094386 12660914 15635784 10433472 3122333 2795392 2325014 1770284 69196384 54582854 32631388 28550604 91652 0 14723354 4005886 1435577 1260375 48881971 33816865 X 19340548 20204355 973865 561634 20314413 20765989 69196384 54582854 X -8266258 -385753 9103587 X X 0 1 X 1 0 X 734713 1579401 8221904 1675813 1023144 13234975 225298522 215826289 200820581 130485398 131599176 904029966 226033235 217405690 209042485 132161211 132622320 917264941 47761 19430 138388 200390 17000 422969 153852301 138960353 131666380 79137813 87264157 590881004 153900062 138979783 131804768 79338203 87281157 591303973 325960968 42514 8662 11486 22666 69136 154464 42514 8662 11486 22666 69136 154464 359085 770329 38576 1449617 201833 2819440 226434834 218184681 209092547 133633494 132893289 920238845 0.35420 0.37460 0.00020 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 72000 0 0 72000 0 PART II-B, LINE 1: DIRECT CONTACT: FEES WERE PAID TO FAEGRE DRINKER BIDDLE & REATH LLP TO ASSIST IFB SOLUTIONS' EFFORTS TO EDUCATE CONGRESS ON THE IMPORTANCE OF PROTECTING THE JOBS OF PEOPLE WHO ARE BLIND AND WORKING ON ABILITYONE CONTRACTS. THIS REMAINS A CRITICALLY IMPORTANT EFFORT TO PROTECT THE ABILITYONE PROGRAM'S AUTHORIZING LEGISLATION ON WHICH 85% OF IFB SOLUTIONS' MISSION-RELATED REVENUE IS DEPENDENT TO DRIVE LONG-TERM SUSTAINABLE EMPLOYMENT FOR PEOPLE WHO ARE BLIND. 387760 28125 8000 407885 463607 -51350 20000 4497 387760 383966 83819 4178 463607 380600 14635 7570 3699 383966 360237 14050 9889 3576 380600 1.00000 1 0 1002812 1002812 13099745 8018967 5080778 226588 176421 50167 3681352 2345970 1335382 5083889 2119556 2964333 10433472 DEFERRED COMPENSATION 244110 EARNOUT PROVISION 285000 OPERATING LEASE 592917 OTHER LONG TERM LIABILITIES 138348 1260375 X PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO PROVIDE A PERMANENT FUND WHICH MAY BE USED TO SUPPORT THE ONGOING NEEDS OF IFB. PART X, LINE 2: WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. (IFB) IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, IFB QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2023. GOLF TOURNAMENT 169569 147625 21944 7055 13000 38437 169569 147625 21944 7055 13000 38437 58492 -36548 1 SCHOLARSHIP 5 8000 IFB EMPLOYEES & THEIR RELATIVES CAMP HANES YMCA 14 10000 FEES FOR CHILDREN TO ATTEND SUMMER CAMP PART I, LINE 2: IFB OFFERS TWO SCHOLARSHIPS, ONE OF WHICH IS AVAILABLE ONLY TO ELIGIBLE SIGHTED, BLIND AND VISUALLY-IMPAIRED EMPLOYEES WHO ARE FULL-TIME AND HAVE ONE YEAR OF SERVICE AND THE OTHER SCHOLARSHIP IS AVAILABLE ONLY TO ELIGIBLE BLIND AND VISUALLY-IMPAIRED EMPLOYEES AND THEIR DEPENDENTS. TO BE ELIGIBLE FOR THESE SCHOLARSHIPS A CANDIDATE MUST BE ACCEPTED TO, OR CURRENTLY ATTENDING, A POST-SECONDARY EDUCATIONAL INSTITUTION. EACH CANDIDATE MUST SUBMIT A SCHOLARSHIP APPLICATION, EVIDENCE OF ACCEPTANCE OR ATTENDANCE, AND THE BILL FOR TUITION FROM THEIR RESPECTIVE SCHOOLS. SCHOLARSHIP RECIPIENTS ARE CHOSEN FROM THE POOL OF CANDIDATES BY A COMMITTEE CONSISTING OF HUMAN RESOURCES AND EXECUTIVE MANAGEMENT. THE AMOUNTS OF INDIVIDUAL SCHOLARSHIP AWARDS ARE DETERMINED BASED ON THE INDIVIDUAL'S COST OF TUITION AND THE NUMBER OF CANDIDATES APPLYING FOR EACH SCHOLARSHIP. ALSO PROVIDED IS TUITION REIMBURSEMENT FOR SIGHTED, BLIND AND VISUALLY-IMPAIRED EMPLOYEES. EMPLOYEES WISHING TO RECEIVE REIMBURSEMENT MUST COMPLETE A REQUEST FORM DETAILING THE COURSES THEY WISH TO TAKE AND HOW THOSE COURSES CONTRIBUTE TO THEIR CURRENT POSITION WITHIN THE COMPANY. THESE FORMS ARE REVIEWED AND APPROVED BY THE IMMEDIATE SUPERVISOR AND THE HUMAN RESOURCES MANAGERS. UPON COMPLETION OF THE COURSE(S), THE EMPLOYEE SUBMITS A GRADE REPORT, AND AS LONG AS A GRADE OF C OR BETTER IS RECEIVED THE EMPLOYEE IS REIMBURSED FOR THE COST OF TUITION. X X 1 1 X X X X X 1 1 0 0 0 1 0 0 0 DAVID HORTON PRESIDENT / CEO (THROUGH 12.31.2022) 371847 0 0 0 8364 0 3050 0 10450 0 393711 0 0 0 DANIEL KELLY PRESIDENT / CEO (EFF. 01.01.2023) 255672 0 32098 0 16696 0 42196 0 17899 0 364561 0 31855 0 SILAS MARTIN CHIEF OPERATING OFFICER 227164 0 19371 0 761 0 2522 0 10285 0 260103 0 0 0 KENNETH EDWARDS CHIEF SUPPLY CHAIN OFFICER 200638 0 17218 0 1965 0 22472 0 16149 0 258442 0 17218 0 DAVID HAMPTON VP OF HUMAN RESOURCES 183822 0 17218 0 5341 0 19381 0 17607 0 243369 0 17218 0 VASHUDA RANGAPATHY VP OF IT & E-COMMERCE 160774 0 10233 0 372 0 12986 0 17899 0 202264 0 10233 0 JASON MOSER CHIEF FINANCIAL OFFICER 166441 0 0 0 384 0 1680 0 10305 0 178810 0 0 0 RANDY BUCKNER VP OF OPERATIONS SUPPORT 146117 0 5096 0 1353 0 1591 0 14215 0 168372 0 0 0 DANIEL CARSON DIRECTOR OF GOVERNMENT MAR 149294 0 13077 0 2023 0 1644 0 0 0 166038 0 0 0 NATALYA MCCANDLESS DIRECTOR OF ACCOUNTING 143386 0 5108 0 117 0 1490 0 145 0 150246 0 0 0 GEORGE DOUGHTON III DIRECTOR OF MAJOR GIFTS 134684 0 108 0 0 0 1436 0 13989 0 150217 0 0 0 ROBERT BURGESS FORMER CHIEF FINANCIAL OFFICER 39997 0 5722 0 187916 0 0 0 9017 0 242652 0 0 0 PART I, LINE 1A QUESTION 1A: IFB PROVIDES A DRIVER FOR DANIEL KELLY, PRESIDENT / CEO, WHO IS BLIND. IFB DOES, FROM TIME TO TIME, GROSS UP CERTAIN PAYMENTS MADE TO OFFICERS AND KEY EMPLOYEES. PART I, LINES 4A-B QUESTION 4A; ROBERT BURGESS, FORMER CHIEF FINANCIAL OFFICER, RECEIVED A SEVERANCE PAYMENT OF $187,916.47. QUESTION 4B: IFB SPONSORS A 457(F) DEFERRED COMPENSATION RETIREMENT PLAN IN WHICH THE FOLLOWING EMPLOYEES PARTICIPATE. AMOUNTS SHOWN REPRESENT PAYMENTS MADE FROM THE PLAN DURING 2022. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II), AS APPLICABLE. THE AMOUNTS CONTAIN COMPENSATION REPORTED AS DEFERRED ON PRIOR FORMS 990 AND INCLUDED IN SCHEDULE J, PART II, COLUMN (F). DAVID HAMPTON ($17,218) / ($17,218) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 DANIEL KELLY ($32,098) / ($31,855) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 KENNETH EDWARDS ($17,218) / ($17,218) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 VASUDHA RANGAPATHY ($10,233) / ($10,233) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 PART I, LINE 6 IFB MAINTAINS THE GAINSHARE INCENTIVE PROGRAM FOR THE BENEFIT OF ALL EMPLOYEES NOT PARTICIPATING IN THE 457(F) DEFERRED COMPENSATION RETIREMENT PLAN. THIS INCENTIVE PROGRAM IS BASED ON THE ATTAINMENT OF OPERATING RESULTS FOR FINANCIAL AND MISSION METRICS/PERFORMANCE TARGETS THAT EXCEED THOSE TARGETS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ERIK COBHAM DIRECTOR 919963 SEE PART V. 0 SCHEDULE L, PART IV, COLUMN (D) SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF INTERESTED PERSON: ERIK COBHAM(D) DESCRIPTION OF TRANSACTION: VENDOR PAYMENTS TO EMPLOYER OF INTERESTED PERSON. FORM 990, PART VI, SECTION A, LINE 1A ALL MEMBERS OF THE BOARD OF DIRECTORS, EXCEPT THOSE WHO ARE CONSIDERED TO BE EX-OFFICIO (NON-VOTING) MEMBERS AS PRESCRIBED BY THE ORGANIZATION'S BYLAWS, HAVE FULL AND EQUAL VOTING RIGHTS WITH RESPECT TO ALL MATTERS THAT COME FOR THE CONSIDERATION OF THE BOARD OF DIRECTORS. IF THE TERM OF OFFICE AS A DIRECTOR HAS ENDED, THE IMMEDIATE PAST CHAIR OF THE BOARD BECOMES AN EX-OFFICIO BOARD MEMBER FOR A TERM OF ONE YEAR ONCE THAT INDIVIDUAL'S TERM AS CHAIR OF THE BOARD ENDS, AND DURING THAT TIME PERIOD, HAS NO VOTING RIGHTS RELATING TO MATTERS BEFORE THE BOARD. THE BOARD-APPOINTED EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE FULL BOARD OF DIRECTORS IN THE MANAGEMENT OF THE ORGANIZATION DURING INTERVALS BETWEEN REGULARLY-SCHEDULED BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY FINANCIAL MANAGEMENT PERSONNEL AT IFB, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD, THE GOVERNANCE BODY CHARGED WITH APPROVAL OF THE FILING OF THE RETURN, IN ADVANCE OF A SCHEDULED MEETING OF THE AUDIT COMMITTEE FOR THE PURPOSE OF CONDUCTING A DETAILED REVIEW OF THE FORM 990. THE CHIEF FINANCIAL OFFICER (CFO) AND A REPRESENTATIVE FROM IFB'S TAX RETURN PREPARER MEET WITH THE AUDIT COMMITTEE FOR AN IN-DEPTH REVIEW OF THE FORM 990. FROM THIS MEETING, THE AUDIT COMMITTEE APPROVES THE RETURN FOR FILING AS PREPARED, OR WITH AGREED-UPON CHANGES. A COPY OF THE FORM 990, AS APPROVED BY THE AUDIT COMMITTEE, IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO TIMELY FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS DISTRIBUTES A CONFLICTS OF INTEREST DISCLOSURE STATEMENT TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. THE COMMITTEE, ALONG WITH COMPLIANCE PERSONNEL, EXAMINE THE COMPLETED STATEMENTS AND PROMPTLY INVESTIGATE AND RESOLVE ANY REAL OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION OF THE PRESIDENT/CEO IS SET BY THE BOARD OF DIRECTORS. THE BOARD CONDUCTS ANNUAL PERFORMANCE EVALUATIONS OF THE PRESIDENT/CEO, AND ALONG WITH THE RESULTS OF THE EVALUATIONS, THE BOARD USES PERIODIC COMPENSATION SURVEYS CONDUCTED BY OUTSIDE CONSULTANTS AND CONSULTS COMPARATIVE COMPENSATION DATA RELATED TO THE COMPENSATION PACKAGES OF TOP EXECUTIVES AT ORGANIZATIONS OF SIMILAR SIZE AND MISSION, INCLUDING EXAMINATION OF THE ORGANIZATIONS' FORMS 990, IN ORDER TO DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO ON A YEARLY BASIS. FOR OTHER OFFICERS AND KEY EMPLOYEES, ANNUAL COMPENSATION IS SET BY THE PRESIDENT/CEO. THE PRESIDENT/CEO CONDUCTS AN ANNUAL PERFORMANCE EVALUATION FOR EACH OFFICER AND KEY EMPLOYEE, AND ALONG WITH THE RESULTS OF THE EVALUATION, THE PRESIDENT/CEO CONSULTS COMPARATIVE COMPENSATION DATA RELATED TO OFFICERS AND KEY EMPLOYEES AT ORGANIZATIONS OF SIMILAR SIZE AND MISSION, INCLUDING EXAMINATION OF THE ORGANIZATIONS' FORMS 990, IN ORDER TO DETERMINE EACH OFFICER'S AND KEY EMPLOYEE'S COMPENSATION ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MAINTAINED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT/CEO. THIS EMPLOYEE MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE MAINTAINED BY THE CFO. THE CFO MAKES THESE STATEMENTS, AS DISCLOSED IN THE FORM 990, AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS MAINTAINED BY THE CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE CHAIR MAKES THIS POLICY AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO (FROM) AFFILIATES 9,103,587. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. IFB SOLUTIONS FOUNDATION INC 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 263376328 SUPPORTING WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. NC 501(C)(3) 509(A)(3), TYPE I N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 IFB SOLUTIONS FOUNDATION INC O 40000 FAIR VALUE OF SERVICES RENDERED IFB SOLUTIONS FOUNDATION INC N 20000 FMV IFB SOLUTIONS FOUNDATION INC S 9108583 FMV