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Nonprofiteer
← L C IND INC

Form 990 for tax year 2024

Filed by L C IND INC.

Totals

Total revenue
$408,056,988
Total expenses
$382,867,270
Contributions and grants received
$112,248
Grants paid
$2,810,320
Program services expenses (Part IX)
$363,181,294
Management and general expenses
$19,685,976
Fundraising expenses
$0
Program service expenses (Part III)
$363,181,294

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Richard Hutson

    Chair

    Total calculated
    $0
    Hours/week
    5

  • William Hudson

    Treasurer/Secretary

    Total calculated
    $485,556
    From this org
    $485,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $485,556
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $485,556

  • Ben Thompson

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Gene Lewis

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Jim Holmes

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Joe Lee III

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Justin Wright

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Thom White

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • DuWayne T Gilbertson

    Chief Revenue Officer

    Total calculated
    $350,691
    From this org
    $312,011
    From related orgs
    $0
    Other
    $38,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,616
    Bonus
    $75,000
    Other
    $4,395
    Deferred
    $10,727
    Nontaxable benefits
    $27,953
    Filer's total
    $350,691

  • Marisa O Chrismon

    Chief Human Resources Officer

    Total calculated
    $366,388
    From this org
    $333,859
    From related orgs
    $0
    Other
    $32,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,859
    Bonus
    $75,000
    Other
    $0
    Deferred
    $10,717
    Nontaxable benefits
    $21,812
    Filer's total
    $366,388

  • Patrick K Lindsey

    President/ CEO

    Total calculated
    $1,188,854
    From this org
    $1,167,567
    From related orgs
    $0
    Other
    $21,287
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $682,847
    Bonus
    $481,000
    Other
    $3,720
    Deferred
    $12,075
    Nontaxable benefits
    $9,212
    Filer's total
    $1,188,854

  • Paige H Goss

    Vice President of Finance

    Total calculated
    $236,940
    From this org
    $214,940
    From related orgs
    $0
    Other
    $22,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,076
    Bonus
    $50,000
    Other
    $2,864
    Deferred
    $7,523
    Nontaxable benefits
    $14,477
    Filer's total
    $236,940

  • Scott M Schrantz

    Senior Vice President of Operations

    Total calculated
    $284,154
    From this org
    $255,217
    From related orgs
    $0
    Other
    $28,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,585
    Bonus
    $50,000
    Other
    $632
    Deferred
    $7,370
    Nontaxable benefits
    $21,567
    Filer's total
    $284,154

  • Andro P Czuczuk

    Director, Purchasing

    Total calculated
    $227,244
    From this org
    $193,267
    From related orgs
    $0
    Other
    $33,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,267
    Bonus
    $17,000
    Other
    $0
    Deferred
    $6,024
    Nontaxable benefits
    $27,953
    Filer's total
    $227,244

  • Grace Baier-Green

    Director, Sales

    Total calculated
    $199,471
    From this org
    $183,590
    From related orgs
    $0
    Other
    $15,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,590
    Bonus
    $17,000
    Other
    $0
    Deferred
    $6,425
    Nontaxable benefits
    $9,456
    Filer's total
    $199,471

  • John G Samuel

    Director of ABLR

    Total calculated
    $180,535
    From this org
    $175,121
    From related orgs
    $0
    Other
    $5,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,121
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,368
    Nontaxable benefits
    $46
    Filer's total
    $180,535

  • Michael Iannelli

    Director, Sales & Marketing

    Total calculated
    $195,727
    From this org
    $175,121
    From related orgs
    $0
    Other
    $20,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,121
    Bonus
    $15,000
    Other
    $0
    Deferred
    $6,129
    Nontaxable benefits
    $14,477
    Filer's total
    $195,727

  • Michael W Grafton

    Manager Product Development

    Total calculated
    $167,291
    From this org
    $161,188
    From related orgs
    $0
    Other
    $6,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,188
    Bonus
    $20,000
    Other
    $0
    Deferred
    $5,641
    Nontaxable benefits
    $462
    Filer's total
    $167,291

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 — 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
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
William Blackton received a severance payment of $53,731.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN 457(F): Patrick Lindsey: $9,200 DuWayne Gilbertson: $3,729
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
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

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.1
Source object
202601039349300205

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