Nonprofit · EIN 56-0686307
L C IND INC
Tax-exempt · DURHAM, NC 27703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $408,056,988 | $382,867,270 | $25,189,718 | $267,889,557 | $46,224,947 | $221,664,610 |
| June 30, 2024 | 990 | $359,199,757 | $342,681,093 | $16,518,664 | $237,338,924 | $40,864,032 | $196,474,892 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $112,248
- Program service revenue
- $394,370,936
- Investment income
- $8,705,909
- Net rental income
- $38,291
- Net gain from sales of assets
- $3,939,968
- Other revenue
- $4,867,895
Expenses
- Grants and similar amounts paid
- $2,810,320
- Compensation of officers, directors and key employees
- $2,414,852
- Other salaries and wages
- $36,697,922
- Salaries, compensation and benefits (total)
- $50,944,340
- Professional fundraising fees
- $0
- Legal fees
- $67,698
- Accounting fees
- $105,000
- Occupancy
- $3,130,883
- Travel
- $705,113
- Depreciation
- $3,729,968
- Program services (functional)
- $363,181,294
- Management and general (functional)
- $19,685,976
Balance sheet and other
- Total assets, start of year
- $237,338,924
- Total assets, end of year
- $267,889,557
- Total liabilities, end of year
- $46,224,947
- Net assets, end of year
- $221,664,610
- Land, buildings and equipment
- $30,700,166
- Publicly traded securities
- $32,807,714
- Net assets without donor restrictions
- $221,664,610
- Gross receipts
- $450,360,024
- Employees
- 933
- Volunteers
- 0
- Year formed
- 1958
- 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 | Other / benefits |
|---|---|---|---|---|
| Patrick K Lindsey | President/ CEO Officer | 40 | $1,167,567 | $21,287 |
| William Hudson | Treasurer/Secretary Trustee or director, Officer | 40 | $485,556 | $0 |
| Marisa O Chrismon | Chief Human Resources Officer Officer | 40 | $333,859 | $32,529 |
| DuWayne T Gilbertson | Chief Revenue Officer Officer | 40 | $312,011 | $38,680 |
| Scott M Schrantz | Senior Vice President of Operations Key employee | 40 | $255,217 | $28,937 |
| Paige H Goss | Vice President of Finance Key employee | 40 | $214,940 | $22,000 |
| Andro P Czuczuk | Director, Purchasing Highest-paid employee | 40 | $193,267 | $33,977 |
| Grace Baier-Green | Director, Sales Highest-paid employee | 40 | $183,590 | $15,881 |
| Michael Iannelli | Director, Sales & Marketing Highest-paid employee | 40 | $175,121 | $20,606 |
| John G Samuel | Director of ABLR Highest-paid employee | 40 | $175,121 | $5,414 |
| Michael W Grafton | Manager Product Development Highest-paid employee | 40 | $161,188 | $6,103 |
| Richard Hutson | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Ben Thompson | Board Member Trustee or director | 5 | $0 | $0 |
| Gene Lewis | Board Member Trustee or director | 5 | $0 | $0 |
| Jim Holmes | Board Member Trustee or director | 5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Lee III | Board Member Trustee or director | 5 | $0 |
| Justin Wright | Board Member Trustee or director | 5 | $0 |
| Thom White | Board Member Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Patrick K Lindsey | President Officer | 40 | $868,163 | $18,607 |
| William Hudson | Treasurer / Secretary Trustee or director, Officer | 5 | $485,556 | $0 |
| Marisa O Chrismon | CHRO Officer | 40 | $298,221 | $27,378 |
| William H Blackton | VP of Retail Officer | 40 | $281,554 | $24,530 |
| Duwayne T Gilbertson | VP of Product Development Officer | 40 | $272,305 | $30,005 |
| Scott M Schrantz | Director Distribution Key employee | 40 | $199,765 | $23,155 |
| Paige H Goss | VP of Finance Key employee | 40 | $181,639 | $26,702 |
| Andro P Czuczuk | Director Purchasing Highest-paid employee | 40 | $177,717 | $28,336 |
| Grace Baier-green | Director Sales Highest-paid employee | 40 | $175,219 | $13,189 |
| Michael W Grafton | Manager Product Development Highest-paid employee | 40 | $152,735 | $22,286 |
| Kevin P Beck | Software Engineer Highest-paid employee | 40 | $150,947 | $12,340 |
| John G Samuel | Director of ABLR Highest-paid employee | 40 | $142,872 | $5,054 |
| Richard M Hutson | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Gene Lewis | Board Member Trustee or director | 5 | $0 | $0 |
| Jim Holmes | Board Member Trustee or director | 5 | $0 | $0 |
| Joe M Lee III | Board Member Trustee or director | 5 | $0 | $0 |
| Justin Wright | Board Member Trustee or director | 5 | $0 | $0 |
| Ted Griffin | Board Member Trustee or director | 5 | $0 | $0 |
| Thom White | Board Member Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4500 EMPEROR BLVD, DURHAM, NC 27703-8420
- In care of
- % PAYROLL DEPARTMENT
- Principal officer (990 for 2024)
- PATRICK LINDSEY, 4500 EMPEROR BOULEVARD, DURHAM, NC 27703
- Signed the 990
- PATRICK LINDSEY, President
- Phone
- (919) 596-8277
- Website
- WWW.LCINDUSTRIES.COM
- Return prepared by
- Forvis Mazars LLP
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL EMPLOYMENT FOR those who are blind and visually impaired.
Program accomplishments
- 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 6/30/25 CONSISTED OF 207 INDIVIDUALS.Expenses $363,181,294 · grants $2,810,320 · revenue $399,200,540
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
- 56-0686307
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P860)
- Assets (IRS master file)
- $267,889,557
- Income (IRS master file)
- $450,360,024
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $408,056,988 | $382,867,270 | $267,889,557 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $359,199,757 | $342,681,093 | $237,338,924 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $295,716,440 | $288,811,370 | $216,486,748 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $48,935,731 | $61,584,931 | $199,406,608 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about L C IND INC
- What is the EIN of L C IND INC?
- The employer identification number (EIN) of L C IND INC is 56-0686307.
- Is L C IND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to L C IND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does L C IND INC 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 IND INC 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 IND INC 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 IND INC?
- The 990 for the year ended June 30, 2025 names PATRICK LINDSEY.
- Who are the officers and directors of L C IND INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 11 received compensation from the organization, the highest $1,167,567 (Patrick K Lindsey, President/ CEO).
- How much revenue does L C IND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $408,056,988, expenses of $382,867,270 and total assets of $267,889,557 at year end.
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