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Nonprofiteer
← L C IND INC

Form 990 for tax year 2022

Filed by L C IND INC.

Totals

Total revenue
$295,716,440
Total expenses
$288,811,370
Contributions and grants received
$155,748
Grants paid
$1,100
Program service revenue
$286,174,130
Investment income
$2,001,091
Other revenue
$7,385,471
Total assets, end of year
$216,486,748
Total liabilities, end of year
$36,530,520
Net assets or fund balances, end of year
$179,956,228
Program services expenses (Part IX)
$270,956,461
Management and general expenses
$17,854,909
Fundraising expenses
$0
Program service expenses (Part III)
$270,956,461

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICK LINDSEY

    PRESIDENT

    Total calculated
    $687,915
    From this org
    $668,302
    From related orgs
    $0
    Other
    $19,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $551,650
    Bonus
    $111,680
    Other
    $4,972
    Deferred
    $10,675
    Nontaxable benefits
    $8,938
    Filer's total
    $687,915

  • WILLIAM HUDSON

    TREASURER/ SECRETARY

    Total calculated
    $458,556
    From this org
    $458,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $458,556
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $458,556

  • MARISA CHRISMON

    CHRO

    Total calculated
    $295,614
    From this org
    $265,205
    From related orgs
    $0
    Other
    $30,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,506
    Bonus
    $37,500
    Other
    $11,199
    Deferred
    $9,302
    Nontaxable benefits
    $21,107
    Filer's total
    $295,614

  • DUWAYNE GILBERTSON

    VP OF PRODUCT DEVELOPMENT

    Total calculated
    $279,840
    From this org
    $245,094
    From related orgs
    $0
    Other
    $34,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,589
    Bonus
    $37,500
    Other
    $5,005
    Deferred
    $7,228
    Nontaxable benefits
    $27,518
    Filer's total
    $279,840

  • WILLIAM BLACKTON

    VP OF RETAIL

    Total calculated
    $265,619
    From this org
    $236,161
    From related orgs
    $0
    Other
    $29,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,915
    Bonus
    $30,000
    Other
    $2,246
    Deferred
    $8,351
    Nontaxable benefits
    $21,107
    Filer's total
    $265,619

  • SCOTT M SCHRANTZ

    DIRECTOR DISTRIBUTION

    Total calculated
    $207,914
    From this org
    $181,214
    From related orgs
    $0
    Other
    $26,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,714
    Bonus
    $19,500
    Other
    $0
    Deferred
    $5,627
    Nontaxable benefits
    $21,073
    Filer's total
    $207,914

  • ANDRO P CZUCZUK

    DIRECTOR PURCHASING

    Total calculated
    $196,675
    From this org
    $163,307
    From related orgs
    $0
    Other
    $33,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,307
    Bonus
    $9,000
    Other
    $0
    Deferred
    $5,850
    Nontaxable benefits
    $27,518
    Filer's total
    $196,675

  • GRACE BAIER-GREEN

    DIRECTOR SALES

    Total calculated
    $174,767
    From this org
    $160,643
    From related orgs
    $0
    Other
    $14,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,674
    Bonus
    $15,000
    Other
    $3,969
    Deferred
    $5,152
    Nontaxable benefits
    $8,972
    Filer's total
    $174,767

  • MICHAEL W GRAFTON

    MANAGER PRODUCT DEVELOPMENT

    Total calculated
    $170,051
    From this org
    $143,851
    From related orgs
    $0
    Other
    $26,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,101
    Bonus
    $12,750
    Other
    $0
    Deferred
    $5,093
    Nontaxable benefits
    $21,107
    Filer's total
    $170,051

  • KEVIN P BECK

    SOFTWARE ENGINEER

    Total calculated
    $152,386
    From this org
    $138,414
    From related orgs
    $0
    Other
    $13,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,527
    Bonus
    $2,887
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $8,972
    Filer's total
    $152,386

  • JOHN G SAMUEL

    DIRECTOR OF ABLR

    Total calculated
    $135,697
    From this org
    $131,034
    From related orgs
    $0
    Other
    $4,663
    Hours/week
    40

  • JEFFREY HAWTING

    FORMER PRESIDENT

    Total calculated
    $130,252
    From this org
    $130,252
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $130,252
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $130,252

  • RICHARD M HUTSON

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • TED GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOE M LEE III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • THOM WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JIM HOLMES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • STEVE HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ERNIE ROESSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: - JEFFREY HAWTING: $130,252
PART I, LINE 5
THE ANNUAL PROFITS OF THE COMPANY INDIRECTLY INFLUENCE AMOUNTS REWARDED AS ANNUAL BONUSES TO ALL EMPLOYEES INCLUDING OFFICERS. ALL BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS.
PART I, LINE 7
THE ANNUAL PROFITS OF THE COMPANY INDIRECTLY INFLUENCE AMOUNTS REWARDED AS ANNUAL BONUSES TO ALL EMPLOYEES INCLUDING OFFICERS. ALL BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • L C INDUSTRIES FOUNDATION

    501(C)(3) · TO IMPROVE THE LIVES AND WELL BEING OF PERSONS WHO ARE BLIND · NC · controlled entity

    Directly controlled by L C INDUSTRIES INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LCI INVESTMENTS INC

    C · INVESTMENT · NC · 100% owned · controlled entity

    Directly controlled by L C INDUSTRIES INC

Provenance

Return type
form_990
Tax year
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202410519349301316

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