2024-08-06T15:10:45-05:00 2023-09-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2022-10-01 560532308 INDUSTRIES OF THE BLIND INC INDU 3365443704 920 W GATE CITY BLVD GREENSBORO NC 27403 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 3365443704 2024-08-05 1 0 LAUREN STALLS P01284666 3362724551 2024-08-05 2022 2024-08-08 14:25:15Z JOSHUA GOULD 920 W GATE CITY BLVD GREENSBORO NC 27403 23753697 0 X WWW.INDUSTRIESOFTHEBLIND.COM X 1933 NC TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. 15 15 299 30 0 0 251691 3225972 0 0 99885 139879 1225623 1914113 1577199 5279964 0 0 0 0 1739629 1507503 0 0 7963 1197796 2261099 2937425 3768602 -1360226 1511362 14976206 17305809 3581392 4282090 11394814 13023719 X TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. 0 0 2438851 0 1914113 TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. INDUSTRIES OF THE BLIND, INC. OPERATES A MANUFACTURING, ASSEMBLY, AND DISTRIBUTION SERVICE BUSINESS THAT EMPLOYS BLIND AND SIGHTED PEOPLE IN ORDER TO PROVIDE THEM THESE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT. THE MANUFACTURING CONSISTS OF TEXTILE CUTTING AND SEWING FOR PRODUCTION OF MILITARY UNIFORMS, CLOTHING, AND COMMERCIAL GOODS. THE BLIND AND SIGHTED EMPLOYEES OF INDUSTRIES OF THE BLIND, INC. ALSO MANUFACTURE AND ASSEMBLE A VARIETY OF OFFICE SUPPLY AND SANITATION PRODUCTS INCLUDING WRITING INSTRUMENTS, CLIPBOARDS, MOPS, BROOMS, AND A VARIETY OF OTHER ITEMS. THE PROCESS TEACHES SEWING SKILLS, WORKING WITH FABRICS, AND MECHANIZED PROCEDURES TO THE BLIND AND SIGHTED EMPLOYEES. AS OF SEPTEMBER 30, 2023, INDUSTRIES OF THE BLIND EMPLOYS 121 BLIND AND 93 SIGHTED PEOPLE. REVENUE SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B. 2438851 1 1 0 1 0 0 0 0 0 0 1 0 0 1 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 1 10 0 1 299 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X VICTOR MARTIN 3365443704 920 W GATE CITY BLVD GREENSBORO NC 27403 BRAD HUFFSTETLER CHAIRPERSON 3.00 X X 0 0 0 IRISH THURSTON 1ST VICE CHAIR 2.00 X X 0 0 0 ANNE TINKER 2ND VICE CHAIR 1.00 X X 0 0 0 BRIAN GRAHAM TREASURER 1.00 X X 0 0 0 DR DANIELLE HARRISON SECRETARY 1.00 X X 0 0 0 MARK NELSON EX-OFFICIO 1.00 X 0 0 0 CARLA BANKS DIRECTOR (AS OF 1/1/23) 1.00 X 0 0 0 WES BREWER DIRECTOR (AS OF 1/1/23) 1.00 X 0 0 0 MARK GAYLORD DIRECTOR 1.00 X 0 0 0 RICK GILMORE DIRECTOR 1.00 X 0 0 0 DR MARIA JOHNSON DIRECTOR 1.00 X 0 0 0 STEPHEN ONEYEAR DIRECTOR 1.00 X 0 0 0 MAC SIMS DIRECTOR 1.00 X 0 0 0 JIM STORMENT DIRECTOR (AS OF 1/1/23) 1.00 X 0 0 0 LISA STRAMA DIRECTOR 1.00 X 0 0 0 BILL CRAFT DIRECTOR (THRU 12/31/22) 1.00 X 0 0 0 JASON STRANGE DIRECTOR (THRU 12/31/22) 1.00 X 0 0 0 ELIZABETH TROUTMAN DIRECTOR (THRU 12/31/22) 1.00 X 0 0 0 JOSHUA GOULD PRESIDENT AND CEO 48.00 X 206733 0 37309 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 48.00 X 136864 0 17073 SUSAN WILLIAMS DIRECTOR OF HUMAN RESOURCES 48.00 X 113288 0 16152 JOHN RICHTARIK DIR. MFG, ENGINEERING & QUALITY 48.00 X 110083 0 6635 566968 0 77169 4 0 1 0 NATIONAL INDUSTRIES FOR THE BLIND 3000 POTOMAC AVENUE ALEXANDRIA VA 22305 COMMISSIONS 659873 HOLLINGSWORTH CAPITAL PARTNERS TWO CENTRE PLAZA CLINTON TN 37716 FACILITY SERVICES 498473 2 3083997 141975 3225972 96062 96062 529151 485334 43817 43817 43817 19902512 17988399 1914113 1914113 5279964 1914113 0 139879 345589 94345 244325 6919 794955 673622 121333 225782 216751 8918 113 62686 44770 17491 425 78491 57150 20835 506 23341 23341 57399 57399 29253 29253 37856 37856 36668 30669 5999 151052 40926 110126 197250 125106 72144 47600 47377 223 7558 7558 392432 299619 92813 CONTRACT COMMISSIONS 659873 659873 FEES FOR EMPLOYEE RETEN 445273 445273 DUES AND SUBSCRIPTIONS 74053 55870 18183 HUMAN RESOURCE EXPENSES 57761 48955 8806 43730 14565 29165 3768602 2438851 1321788 7963 24660 2624137 410362 40471 2588308 2188880 3939854 3279372 41787 53682 19088003 13312272 5784926 5775731 2186309 2456518 0 887018 14976206 17305809 3444197 2726968 553737 137195 29164 0 972221 3581392 4282090 X 11358537 12987442 36277 36277 11394814 13023719 14976206 17305809 1511362 117543 0 X X 0 1 X 1 0 X 115032 185014 3618741 251691 3225972 7396450 19947933 20842358 19027465 18926275 19902512 98646543 20062965 21027372 22646206 19177966 23128484 106042993 0 0 0 106042993 110632 78011 72832 148251 96062 505788 110632 78011 72832 148251 96062 505788 1510 4663 672 2246 9091 20175107 21110046 22719710 19328463 23224546 106557872 0.99520 0.99510 0.00470 0.00480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 1,510. 2019 AMOUNT: $ 4,663. 2020 AMOUNT: $ 672. 2021 AMOUNT: $ 2,246. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 29253 29253 0 PART II-B, LINE 1: INDUSTRIES OF THE BLIND PUBLIC POLICY INITIATIVES INCLUDING EDUCATING MEMBERS OF THE NC HOUSE AND SENATE AND THEIR STAFFS ON THE ORGANIZATION'S MISSION AND INCREASED OPPORTUNITIES FOR EMPLOYMENT OF PEOPLE WHO ARE BLIND. 848305 848305 8716122 5733462 2982660 9099488 7549835 1549653 424088 28975 395113 5775731 RIGHT-OF-USE LEASE ASSETS 887018 887018 CAPITAL LEASE 972221 972221 X 23340492 117543 -7558 109985 23230507 37856 -17988399 -17950543 5279964 21711587 17988399 17988399 3723188 37856 7558 45414 3768602 PART X, LINE 2: MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT IT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS INTEREST EXPENSE -7,558. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD -17,988,399. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD 17,988,399. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS INTEREST EXPENSE 7,558. X X X X X 0 0 0 0 0 0 0 0 0 JOSHUA GOULD PRESIDENT AND CEO 206733 0 0 0 0 0 9140 0 28169 0 244042 0 0 0 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 126382 0 10482 0 0 0 5287 0 11786 0 153937 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM WILL BE FIRST REVIEWED BY THE IOB PRESIDENT AND DIRECTOR OF FINANCE AND THEN REVIEWED BY THE CHAIRPERSON OF AUDIT AND FINANCE COMMITTEES AND CHAIRPERSON OF THE BOARD OF DIRECTORS. THE 990 WILL THEN BE MADE AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT LEAST ONCE A YEAR EACH BOARD MEMBER SIGNS THE INDUSTRIES OF THE BLIND CODE OF CONDUCT AND ETHICS FORM WHICH IS SPECIFIC FOR THAT YEAR AND REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST AND OTHER ETHICAL CONSIDERATIONS. ANNUALLY AT A BOARD MEETING THE MEMBERS WILL OPENLY DISCUSS INTERESTS THAT COULD GIVE RISE TO SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND/OR KEY EMPLOYEES MAY INCLUDE DELIBERATIONS BY THE INDEPENDENT BOARD OF DIRECTORS IN EXECUTIVE SESSION AND REVIEWS OF COMPARABILITY DATA BY THE IOB HUMAN RESOURCES TEAM. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THEY CAN BE REVIEWED ON SITE AT THE ORGANIZATION. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE THE AUDIT COMMITTEE'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. 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.