2025-08-04T13:15:06-05:00 2024-09-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-10-01 560532308 INDUSTRIES OF THE BLIND INC INDU 3365443704 920 W GATE CITY BLVD GREENSBORO NC 27403 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 3365443704 2025-08-04 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2025-08-04 2023 2025-03-06 01:10:19Z JOSHUA GOULD 920 W GATE CITY BLVD GREENSBORO NC 27403 26047088 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 15 329 30 0 0 3225972 172425 0 0 139879 120310 1914113 3842300 5279964 4135035 0 0 0 0 1507503 1991885 0 0 9335 2261099 1945533 3768602 3937418 1511362 197617 17305809 25537656 4282090 11930534 13023719 13607122 X TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. 0 0 3178547 0 3842300 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, 2024, INDUSTRIES OF THE BLIND EMPLOYS 136 BLIND AND 111 SIGHTED PEOPLE. REVENUE SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B. 3178547 1 1 0 0 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 20 0 1 329 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 X BRAD HUFFSTETLER CHAIRPERSON 3.00 X X 0 0 0 IRISH THURSTON 1ST VICE CHAIR 2.00 X X 0 0 0 JIM STORMENT 2ND VICE CHAIR 2.00 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 CARLA BANKS DIRECTOR 1.00 X 0 0 0 WES BREWER DIRECTOR 1.00 X 0 0 0 JAMIE DEAN DIRECTOR 1.00 X 0 0 0 MARK GAYLORD DIRECTOR 1.00 X 0 0 0 RICK GILMORE 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 LISA STRAMA DIRECTOR 1.00 X 0 0 0 ANNE TINKER DIRECTOR 1.00 X 0 0 0 JAYE WEBB DIRECTOR 1.00 X 0 0 0 JOSHUA GOULD PRESIDENT AND CEO 48.00 X 281853 0 42658 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 48.00 X 150116 0 19111 SUSAN WILLIAMS DIRECTOR OF HUMAN RESOURCES 48.00 X 128053 0 17405 JOHN RICHTARIK DIR. MFG, ENGINEERING & QUALITY 48.00 X 127273 0 5587 687295 0 84761 3 0 1 0 REEP-IND MCP WEST NC LLC PO BOX 6188 HICKSVILLE NY 11802 FACILITY SERVICES 1089760 HOLLINGSWORTH CAPITAL PARTNERS TWO CENTRE PLAZA CLINTON TN 37716 FACILITY SERVICES 510015 NATIONAL INDUSTRIES FOR THE BLIND 3000 POTOMAC AVENUE ALEXANDRIA VA 22305 COMMISSIONS 459913 3 93669 78756 172425 120310 120310 25754353 21912053 3842300 3842300 4135035 3842300 0 120310 488338 377473 102550 8315 947424 730239 217185 306497 294237 12107 153 123142 96789 26137 216 126484 99077 26756 651 7842 7842 63700 63700 1250 1250 43936 43936 222772 184637 38135 386879 270814 116065 34762 34762 441505 397355 44150 CONTRACT COMMISSIONS 649228 649228 HUMAN RESOURCE EXPENSES 93659 93659 3937418 3178547 749536 9335 2624137 1056278 40471 1035324 2188880 2652764 3279372 2584380 53682 251903 21054152 14028302 5775731 7025850 2456518 2915430 887018 8015727 17305809 25537656 2726968 3371807 553737 347264 29164 0 972221 8211463 4282090 11930534 X 12987442 13570845 36277 36277 13023719 13607122 17305809 25537656 197617 385786 0 X X 0 1 X 1 0 X 185014 3618741 251691 3225972 172425 7453843 20842358 19027465 18926275 19902512 25754353 104452963 21027372 22646206 19177966 23128484 25926778 111906806 0 0 0 111906806 78011 72832 148251 96062 120310 515466 78011 72832 148251 96062 120310 515466 4663 672 2246 7581 21110046 22719710 19328463 23224546 26047088 112429853 0.99530 0.99520 0.00460 0.00470 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 4,663. 2020 AMOUNT: $ 672. 2021 AMOUNT: $ 2,246. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 848305 848305 9643319 6056028 3587291 10345444 7953093 2392351 217084 19181 197903 7025850 RIGHT-OF-USE LEASE ASSETS 8015727 8015727 CAPITAL LEASE 8211463 8211463 X 26431624 385786 21912053 22297839 4133785 1250 1250 4135035 25848221 21912053 21912053 3936168 1250 1250 3937418 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: COST OF GOODS SOLD INCLUDED IN PART VIII 21,912,053. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN PART VIII 21,912,053. X X X X X 0 0 0 0 0 0 0 0 0 JOSHUA GOULD PRESIDENT AND CEO 221627 0 60226 0 0 0 9758 0 32900 0 324511 0 0 0 VICTOR MARTIN DIRECTOR OF FINANCE AND IT 133715 0 16401 0 0 0 5600 0 13511 0 169227 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 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. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.