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Nonprofiteer
← LOTT INDUSTRIES INC

Form 990 for tax year 2025

Filed by LOTT INDUSTRIES INC.

Totals

Total revenue
$4,948,184
Total expenses
$5,350,767
Contributions and grants received
$165,679
Grants paid
$0
Program service revenue
$4,415,056
Investment income
$161,201
Other revenue
$206,248
Total assets, end of year
$9,820,158
Total liabilities, end of year
$223,754
Net assets or fund balances, end of year
$9,596,404
Program services expenses (Part IX)
$4,584,600
Management and general expenses
$728,490
Fundraising expenses
$37,677
Program service expenses (Part III)
$4,584,600

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,150

  • 1e · Government grants (contributions)

    $16,373

  • 1f · All other contributions, gifts and grants

    $148,156

  • 2a · Program service revenue: SALES

    total $2,743,960 · related or exempt $2,743,960

  • 2b · Program service revenue: MEDICAID

    total $1,671,096 · related or exempt $1,671,096

  • 3 · Investment income

    total $218,029 · excluded $218,029

  • 6a · Gross rents

    real property $186,216

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $186,216

  • 6d · Net rental income or loss

    total $186,216 · excluded $186,216

  • 7a · Gross sales of assets other than inventory

    securities $2,975,106 · other assets $1,185

  • 7b · Less cost or other basis and sales expenses

    securities $3,033,119 · other assets $0

  • 7c · Gain or loss

    securities -$58,013 · other assets $1,185

  • 7d · Net gain or loss

    total -$56,828 · excluded -$56,828

  • 8a · Fundraising events: gross income

    $31,365

  • 8a · Fundraising events: contributions included on line 1c

    $1,150

  • 8b · Fundraising events: direct expenses

    $17,589

  • 8c · Net income from fundraising events

    total $13,776 · excluded $13,776

  • 11a · Other revenue: OTHER INCOME

    total $6,256 · related or exempt $6,256

  • 11e · Other revenue, total

    $6,256

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $254,178 · program services $54,872 · management and general $177,214 · fundraising $22,092

  • 7 · Other salaries and wages

    total $3,028,577 · program services $2,818,285 · management and general $206,799 · fundraising $3,493

  • 9 · Other employee benefits

    total $332,097 · program services $299,498 · management and general $32,478 · fundraising $121

  • 10 · Payroll taxes

    total $244,284 · program services $216,155 · management and general $26,488 · fundraising $1,641

  • 11f · Fees: investment management

    total $25,146 · management and general $25,146

  • 11g · Fees: other

    total $176,678 · program services $123,592 · management and general $49,186 · fundraising $3,900

  • 12 · Advertising and promotion

    total $15,437 · management and general $15,437

  • 13 · Office expenses

    total $60,789 · program services $18,237 · management and general $39,513 · fundraising $3,039

  • 16 · Occupancy

    total $187,843 · program services $150,274 · management and general $37,569

  • 17 · Travel

    total $16,711 · program services $16,711

  • 20 · Interest

    total $18 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $302,305 · program services $276,226 · management and general $26,079

  • 23 · Insurance

    total $76,460 · program services $13,059 · management and general $63,401

  • 24a · Other expenses: PRODUCTION MATERIALS

    total $281,638 · program services $281,638

  • 24b · Other expenses: SUPPLIES

    total $96,970 · program services $96,970

  • 24c · Other expenses: PRODUCTION EXPENSES

    total $94,638 · program services $94,638

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $60,832 · program services $60,832

  • 24e · All other expenses

    total $96,166 · program services $63,613 · management and general $29,162 · fundraising $3,391

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,121,240 · end of year $869,566

  • 4 · Accounts receivable

    beginning of year $377,181 · end of year $315,487

  • 8 · Inventories for sale or use

    beginning of year $49,980 · end of year $64,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,689 · end of year $16,724

  • 10a · Land, buildings and equipment: cost or other basis

    $11,154,391

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,777,512

  • 10c · Land, buildings and equipment, net

    beginning of year $3,546,119 · end of year $3,376,879

  • 11 · Investments: publicly traded securities

    beginning of year $4,602,406 · end of year $5,139,697

  • 15 · Other assets

    beginning of year $48,210 · end of year $37,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,701 · end of year $172,319

  • 19 · Deferred revenue

    beginning of year $12,151 · end of year $13,792

  • 23 · Secured mortgages and notes payable

    beginning of year $8,129

  • 25 · Other liabilities

    beginning of year $48,210 · end of year $37,643

  • 27 · Net assets without donor restrictions

    beginning of year $9,557,634 · end of year $9,596,404

  • 28 · Net assets with donor restrictions

    beginning of year $70,000 · end of year $0

Mission and programs · 2025

Mission

LOTT INDUSTRIES IS A NON-PROFIT, 501 (C) 3 ORGANIZATION WHICH PROVIDES MEANINGFUL EDUCATIONAL AND VOCATIONAL OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES SINCE 1956. THE ORGANIZATION IS PASSIONATE ABOUT SERVING PEOPLE WITH ANY BARRIER, AND SEEKS TO PROVIDE PURPOSEFUL WORK TO ALL PARTIES WITHIN REACH. THE ORGANIZATION SERVES BUSINESS CUSTOMERS LOCALLY AND THROUGHOUT THE UNITED STATES.

Activities or mission (Part I)

LOTT INDUSTRIES IS A NON-PROFIT, 501(C)3 ORGANIZATION WHICH HAS PROVIDED MEANINGFUL EDUCATIONAL AND VOCATIONAL OPPORTUNITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES SINCE 1956. THE ORGANIZATION IS PASSIONATE ABOUT SERVING INDIVIDUALS WITH ANY BARRIER, AND SEEKS TO PROVIDE PURPOSEFUL WORK TO ALL PARTIES WITHIN REACH. THE ORGANIZATION SERVES BUSINESS CUSTOMERS LOCALLY AND THROUGHOUT THE UNITED STATES.

  • PRODUCTIONLOTT INDUSTRIES PROVIDED DAY AND VOCATION HABILITATION TRAINING AND MEANINGFUL PAID WORK OPPORTUNITIES TO OVER 78 AREA INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

    Expenses $3,913,322 · Revenue $3,522,483

  • ENCLAVEENCLAVE WORK INCLUDES WORK OPPORTUNITES OUTSIDE OUR PRIMARY MANUFACTURING FACILITY IN OTHER AREAS, SUCH AS JANITORIAL AND OFFICE ASSISTANCE.

    Expenses $671,278 · Revenue $898,829

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Chiarelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard MacMillan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Michael Malone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ricardo King

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard Sweeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandy Spang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Menke

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $147,275
    From this org
    $128,390
    From related orgs
    $0
    Other
    $18,885
    Hours/week
    40

  • David Gall

    CHIEF FINANCIAL OFFICER

    Total calculated
    $102,466
    From this org
    $98,252
    From related orgs
    $0
    Other
    $4,214
    Hours/week
    40

  • Larry Deitering

    CHIEF FINANCIAL OFFICER

    Total calculated
    $4,437
    From this org
    $4,437
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
24 August 2026
IRS schema version
2025v4.2
Source object
202602649349301205

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