Nonprofit · EIN 45-5200306
L C INDUSTRIES FOUNDATION
Tax-exempt · DURHAM, NC 27703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,841,089 | $1,681,371 | $9,159,718 | $81,357,889 | $0 | $81,357,889 |
| June 30, 2024 | 990 | $1,925,410 | $1,601,907 | $323,503 | $73,147,325 | $0 | $73,147,325 |
| June 30, 2023 | 990 | $3,029,940 | $2,307,535 | $722,405 | $68,313,434 | $0 | $68,313,434 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,750,000
- Program service revenue
- $0
- Investment income
- $8,091,089
- Net gain from sales of assets
- $5,907,976
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,400,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $16,819
- Accounting fees
- $3,410
- Travel
- $9,623
- Program services (functional)
- $1,412,529
- Management and general (functional)
- $268,842
Balance sheet and other
- Total assets, start of year
- $73,147,325
- Total assets, end of year
- $81,357,889
- Total liabilities, end of year
- $0
- Net assets, end of year
- $81,357,889
- Publicly traded securities
- $75,258,207
- Gross receipts
- $10,841,089
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2012
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Patrick Lindsey | Board Member Trustee or director | 5 | $0 | $1,167,567 | $21,287 |
| William Hudson | President Trustee or director, Officer | 5 | $0 | $485,556 | $0 |
| John Janes | Secretary Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Patrick Lindsey | Board Member Trustee or director | 5 | $0 | $868,163 | $18,607 |
| William Hudson | President Trustee or director, Officer | 5 | $0 | $485,556 | $0 |
| John Janes | Secretary Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Stephen Harris | Treasurer Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICK LINDSEY | BOARD MEMBER Trustee or director | 5 | $0 | $668,302 | $19,613 |
| WILLIAM HUDSON | PRESIDENT Trustee or director, Officer | 5 | $0 | $458,556 | $0 |
| STEPHEN HARRIS | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN JANES | SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4500 EMPEROR BLVD, DURHAM, NC 27703-8420
- In care of
- % WILLIAM HUDSON
- Principal officer (990 for 2024)
- WILLIAM HUDSON, 4500 Emperor Boulevard, Durham, NC 27703
- Signed the 990
- WILLIAM HUDSON, President
- Phone
- (919) 596-8277
- Return prepared by
- Forvis Mazars LLP
Mission
TO IMPROVE THE LIVES AND WELL BEING OF PERSONS WHO ARE BLIND, AND TO OFFER SUCH PERSONS OPPORTUNITIES FOR EDUCATION, TRAINING AND JOB RELATED SKILLS.
Program accomplishments
- THE FOUNDATION SUPPORTS ITS PARENT ORGANIZATION, LC INDUSTRIES, INC., BY MAKING GRANTS TO CHARITABLE ORGANIZATION THAT SUPPORT INDIVIDUALS WHO ARE BLIND.Expenses $1,412,529 · grants $1,400,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5200306
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P86)
- Assets (IRS master file)
- $81,357,889
- Income (IRS master file)
- $10,841,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,841,089 | $1,681,371 | $81,357,889 | XML |
| 990 | June 2024 | $1,925,410 | $1,601,907 | $73,147,325 | XML |
| 990 | June 2023 | $3,029,940 | $2,307,535 | $68,313,434 | XML |
| 990 | June 2022 | $851,710 | $1,356,449 | $64,591,160 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5200306).
Questions about L C INDUSTRIES FOUNDATION
- What is the EIN of L C INDUSTRIES FOUNDATION?
- The employer identification number (EIN) of L C INDUSTRIES FOUNDATION is 45-5200306.
- Is L C INDUSTRIES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to L C INDUSTRIES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does L C INDUSTRIES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of L C INDUSTRIES FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did L C INDUSTRIES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of L C INDUSTRIES FOUNDATION?
- The 990 for the year ended June 30, 2025 names WILLIAM HUDSON.
- Who are the officers and directors of L C INDUSTRIES FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does L C INDUSTRIES FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,841,089, expenses of $1,681,371 and total assets of $81,357,889 at year end.
Other nonprofits in DURHAM
- L C IND INC EIN 56-0686307 · last filed 990 for 2025
- LATINO COMMUNITY DEVELOPMENT CENTER EIN 82-0551614 · last filed 990 for 2024
- FOREST AT DUKE INC EIN 56-1630158 · last filed 990 for 2025
- COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC EIN 56-1677831 · last filed 990 for 2025
- KRAMDEN INSTITUTE INC EIN 74-3108814 · last filed 990 for 2025
- FIRST ENVIRONMENTS PARENTS ORGANIZATION EIN 58-1696674 · last filed 990 for 2024
- FIRST IN FAMILIES OF NORTH CAROLINA EIN 46-0471896 · last filed 990 for 2025
- CAROLINA FEDERATION FUND EIN 84-2537864 · last filed 990 for 2025