Overview
What is L C Industries Inc?
L C Industries Inc is a North Carolina-based nonprofit organization, specifically located at 4500 Emperor Boulevard in Durham, employing a significant number of visually impaired individuals. The organization's mission is to provide meaningful employment opportunities for those who are blind and visually impaired. Their diverse range of products includes mattresses, mattress covers, file folders, wallet envelopes, mops, water cans, paper products, and various plastics. The organization also operates retail stores selling blind-made goods. As of June 30, 2022, their direct workforce consisted of 276 visually impaired individuals, contributing to a total employee count of 936. The organization's activities revolve around teaching and employing visually impaired individuals, producing a variety of items while making a positive impact on their lives.
Official website here: www.lcindustries.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
L C Industries Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's overall score is based solely on its Accountability & Finance metrics, which reflect a strong commitment to transparency and responsible management of resources.
The nonprofit boasts an impressive governance structure, with 87% of its board members being independent. It has a clean record regarding the diversion of assets and has established various policies, including conflict of interest and whistleblower protections. Additionally, the organization demonstrates a high program expense ratio, with nearly 88% of its budget directed towards programs.
Despite the strengths in governance and financial practices, there are no additional ratings or programmatic performance metrics provided. This limits a comprehensive understanding of the organization's impact beyond financial accountability. However, the existing data suggests that L C Industries Inc is effectively managed and operates with a focus on fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is L C Industries Inc legitimate?
L C Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. L C Industries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,868,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,845,342
For more financial information, click here
Official website here: www.lcindustries.com
What is the mission statement of L C Industries Inc?
L C Industries Inc is dedicated to providing meaningful employment opportunities for individuals who are blind and visually impaired. Their mission is to create a work environment where these individuals can thrive and contribute to the production of various products. The organization's offerings include mattresses, mattress covers, file folders, wallet envelopes, mops, water cans, paper products, and other plastics. The team at L C Industries Inc manages retail stores that sell their blind-made products. As of June 30, 2022, their direct workforce consisted of 276 visually impaired individuals.
Official website here: www.lcindustries.com
Who is the CEO of L C Industries Inc?
Patrick Lindsey is the Chair of L C Industries Inc.
Official website here: www.lcindustries.com
What is the revenue of L C Industries Inc?
L C Industries Inc's revenue in 2022 was $48,935,731.
Official website here: www.lcindustries.com
Who are the executives of L C Industries Inc and what are their salaries?
The average compensation at L C Industries Inc during 2022 was $32,814. There are 936 employees at L C Industries Inc.
Here are 19 key members and their salaries:
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- Compensation: $485,556
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- Compensation: $571,936
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- Other: $17,207
- Compensation: $250,458
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- Other: $25,793
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- Compensation: $587,391
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- Other: $21,866
- Compensation: $326,108
- Related: $0
- Other: $27,267
- Compensation: $238,298
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- Other: $29,394
- Compensation: $223,781
- Related: $0
- Other: $23,479
- Compensation: $161,535
- Related: $0
- Other: $27,872
- Compensation: $175,391
- Related: $0
- Other: $22,403
- Compensation: $152,418
- Related: $0
- Other: $22,354
- Compensation: $140,383
- Related: $0
- Other: $21,915
- Compensation: $127,999
- Related: $0
- Other: $4,480
Official website here: www.lcindustries.com
Where can I find the form 990 for L C Industries Inc?
L C Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcindustries.com
Learn more at the official website: www.lcindustries.com
Mission Statement of L C Industries Inc
L C Industries Inc, a notable organization, is dedicated to providing meaningful employment opportunities for individuals who are blind and visually impaired. In line with its mission, the organization manufactures a diverse range of products, including mattresses, mattress covers, file folders, wallet envelopes, mops, water cans, paper products, and other plastics. The workforce behind these products is made up of visually impaired individuals.
Beyond manufacturing, L C Industries Inc also operates retail stores where these blind-made products are sold. The organization's commitment to employing visually impaired individuals extends to all aspects of its operations. As of June 30, 2022, the organization's direct workforce consisted of 276 individuals who are visually impaired, reflecting its unwavering dedication to its mission.
L C Industries Inc goes beyond just providing employment. By offering a safe and inclusive working environment, the organization empowers its employees to contribute their skills and talents, fostering a sense of self-worth and independence. In doing so, L C Industries Inc not only provides employment but also plays a vital role in enhancing the lives of those who are blind and visually impaired.
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Impact
October, 2024
L C Industries Inc has made a significant impact by providing meaningful employment and training opportunities for individuals who are blind or visually impaired. By employing 276 visually impaired individuals, the organization plays a crucial role in fostering independence and self-sufficiency among its workforce.
Through the production of various products such as mattresses, mattress covers, file folders, wallet envelopes, mops, water cans, and paper products, L C Industries Inc not only offers valuable job training but also enhances the economic contributions of its employees. The organization's retail stores further promote awareness and support for blind-made products, creating a market for goods produced by individuals with disabilities.
In addition to its economic benefits, L C Industries Inc also contributes to the social inclusion of visually impaired individuals, helping to dismantle stigmas and encouraging community engagement. Overall, the organization stands as a vital resource in the Durham, NC area, emphasizing the capabilities and potential of those who are blind or visually impaired while also enhancing their quality of life.
This information is meant to be a general summary of L C Industries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$2,346,339
- Gross Receipts: $262,547,558
Assets and Liabilities:
- Total Assets: $199,406,608
- Total Liabilities: $26,495,525
- Net Assets: $172,911,083
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Organization Details
Founding Year
1958
Phone
(919) 596-8277Principal Officer
Patrick Lindsey
Main Address
4500 EMPEROR BOULEVARD, DURHAM, NC, 27703
Website
www.lcindustries.comNTEE Category
Code: P860 - Human services
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