Lions Industries For The Blind Inc is located in Kinston, NC. The organization was established in 1971. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Lions Industries For The Blind Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lions Industries For The Blind Inc 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, Lions Industries For The Blind Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT OF THE BLIND AND VISUALLY IMPAIRED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EMPLOYMENT FOR THE BLIND AND VISUALLY IMPAIRED
THE ORGANIZATION PROVIDES EMPLOYMENT FOR THE BLIND AND VISUALLY IMPAIRED
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marc Camnitz Dir. Of Oper | Officer | 40 | $103,234 |
Sharon Axelberg Executive Di | Officer | 40 | $91,857 |
Robert Goins Secretary | OfficerTrustee | $0 | |
Richard Landis II Chairman | OfficerTrustee | $0 | |
Bill Moxley Vice-Chairma | OfficerTrustee | $0 | |
Harrison Smith Treasurer | OfficerTrustee | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Servpro Of Hunt Valley Restoration | 6/29/17 | $160,407 |
Lee Lanier Bldg Renovation | 6/29/17 | $142,371 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $84,297 |
All other contributions, gifts, grants, and similar amounts not included above | $35,212 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $119,509 |
Total Program Service Revenue | $988 |
Investment income | $196,601 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $278,157 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $884,833 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,480,507 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $214,623 |
Compensation of current officers, directors, key employees. | $64,387 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $409,240 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $33,439 |
Payroll taxes | $48,604 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $48,121 |
Fees for services: Other | $1,850 |
Advertising and promotion | $13,343 |
Office expenses | $5,107 |
Information technology | $53,243 |
Royalties | $0 |
Occupancy | $49,173 |
Travel | $3,165 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $200,051 |
Insurance | $29,821 |
All other expenses | $30,345 |
Total functional expenses | $1,318,627 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $91,057 |
Savings and temporary cash investments | $140,766 |
Pledges and grants receivable | $34,560 |
Accounts receivable, net | $355,739 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $368,338 |
Prepaid expenses and deferred charges | $20,090 |
Net Land, buildings, and equipment | $1,542,518 |
Investments—publicly traded securities | $9,549,166 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $39,511 |
Other assets | $0 |
Total assets | $12,141,745 |
Accounts payable and accrued expenses | $259,339 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $41,670 |
Total liabilities | $301,009 |
Net assets without donor restrictions | $11,840,736 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $12,141,745 |
Over the last fiscal year, we have identified 2 grants that Lions Industries For The Blind Inc has recieved totaling $69,120.
Awarding Organization | Amount |
---|---|
National Industries For The Blind Alexandria, VA PURPOSE: PTC GRANT | $34,560 |
National Industries For The Blind Alexandria, VA PURPOSE: PTC GRANT | $34,560 |
Organization Name | Assets | Revenue |
---|---|---|
Bobby Dodd Institute Inc Atlanta, GA | $15,439,617 | $18,957,191 |
Community Alternatives Incorporated Norfolk, VA | $5,227,014 | $13,773,753 |
Eastern Carolina Vocational Center Inc Greenville, NC | $26,970,682 | $10,804,799 |
Portco Inc Suffolk, VA | $2,077,717 | $9,434,318 |
Park Center Nashville, TN | $31,811,535 | $21,739,362 |
Johnston County Industries Inc Selma, NC | $6,782,486 | $8,118,141 |
Steps Inc Farmville, VA | $3,388,656 | $7,256,385 |
Durham Exchange Club Industries Inc Durham, NC | $24,396,757 | $5,688,631 |
Nw Works Inc Winchester, VA | $4,880,956 | $5,477,841 |
Every Citizen Has Opportunities Inc Leesburg, VA | $4,562,432 | $6,133,227 |
Easter Seals West Georgia Inc Columbus, GA | $14,019,285 | $4,649,150 |
Manufacturing Skill Standards Council Alexandria, VA | $1,590,941 | $4,396,856 |