L C Industries Foundation

Organization Overview

L C Industries Foundation is located in Durham, NC. The organization was established in 2013. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L C Industries Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, L C Industries Foundation generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, L C Industries Foundation has awarded 68 individual grants totaling $18,106,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPORTS ITS PARENT ORGANIZATION, LC INDUSTRIES, INC., BY MAKING GRANTS TO CHARITABLE ORGANIZATION THAT SUPPORT INDIVIDUALS WHO ARE BLIND.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Harris
Treasurer
$0
William Hudson
President
$0
John Janes
Secretary
$0
Patrick Lindsey
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,750,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,750,000
Total Program Service Revenue$0
Investment income $1,130,356
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,804
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,494,768

Grants Awarded

Over the last fiscal year, L C Industries Foundation has awarded $1,908,000 in support to 5 organizations.

Grant RecipientAmount

ENVISION FOUNDATION

Org PageRecipient Profile

Wichita, KS

PURPOSE: SUPPORT FOR THE ENVISION WORKFORCE INNOVATION CENTER

$758,000

DUKE UNIVERSITY EYE CENTER

Org PageRecipient Profile

Durham, NC

PURPOSE: HUDSON VISUAL FUNCTION GIFT FUND

$400,000

SOUTHEASTERN GUIDE DOGS

Org PageRecipient Profile

Palmetto, FL

PURPOSE: OPERATIONAL SUPPORT

$250,000

PHOENIX CHILDRENS FOUNDATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: TO SUPPORT THE ENDOWED CHAIR IN NEONATOLOGY

$250,000

Durham, NC

PURPOSE: OPERATIONAL SUPPORT

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that L C Industries Foundation has recieved totaling $20,000.

Awarding OrganizationAmount
National Industries For The Blind

Alexandria, VA

PURPOSE: CMMC GRANT

$10,000
National Industries For The Blind

Alexandria, VA

PURPOSE: CMMC GRANT

$10,000
View Grant Recipient Profile

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