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Nonprofiteer
← LIONS VOLUNTEER BLIND INDUSTRIES INC

Form 990 for tax year 2023

Filed by LIONS VOLUNTEER BLIND INDUSTRIES INC.

Totals

Total revenue
$262,647
Total expenses
$2,158,048
Contributions and grants received
$98,757
Grants paid
$0
Program service revenue
$1,947
Investment income
$629,352
Other revenue
-$467,409
Total assets, end of year
$13,884,813
Total liabilities, end of year
$15,146,575
Net assets or fund balances, end of year
-$1,261,762
Program services expenses (Part IX)
$437,364
Management and general expenses
$1,720,684
Fundraising expenses
$0
Program service expenses (Part III)
$437,364

Program services were 20.3% 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

    $240

  • 1f · All other contributions, gifts and grants

    $98,517

  • 2a · Program service revenue: CAFETERIA INCOME

    total $1,947 · related or exempt $1,947

  • 3 · Investment income

    total $51,129 · excluded $51,129

  • 6a · Gross rents

    real property $54,042

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $54,042

  • 6d · Net rental income or loss

    total $54,042 · excluded $54,042

  • 7a · Gross sales of assets other than inventory

    securities $578,223

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

    securities $0

  • 7c · Gain or loss

    securities $578,223

  • 7d · Net gain or loss

    total $578,223 · related or exempt $578,223

  • 8a · Fundraising events: gross income

    $0

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

    $240

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $5,569,540

  • 10b · Cost of goods sold

    $6,090,991

  • 10c · Net income from sales of inventory

    total -$521,451 · related or exempt -$521,451

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $191,813 · program services $76,725 · management and general $115,088

  • 7 · Other salaries and wages

    total $305,234 · program services $20,117 · management and general $285,117

  • 8 · Pension plan contributions

    total $14,652 · program services $2,481 · management and general $12,171

  • 9 · Other employee benefits

    total $322,849 · program services $39,308 · management and general $283,541

  • 11b · Fees: legal

    total $30,260 · management and general $30,260

  • 11c · Fees: accounting

    total $76,049 · management and general $76,049

  • 11f · Fees: investment management

    total $131,671 · management and general $131,671

  • 11g · Fees: other

    total $36,289 · management and general $36,289

  • 12 · Advertising and promotion

    total $3,748 · program services $3,748

  • 13 · Office expenses

    total $32,458 · management and general $32,458

  • 16 · Occupancy

    total $185,494 · program services $138,880 · management and general $46,614

  • 17 · Travel

    total $50,504 · program services $1,837 · management and general $48,667

  • 20 · Interest

    total $240,080 · management and general $240,080

  • 22 · Depreciation, depletion and amortization

    total $38,249 · program services $9,314 · management and general $28,935

  • 24a · Other expenses: MISC ADMINISTRATIVE EXP

    total $261,245 · program services $31,503 · management and general $229,742

  • 24b · Other expenses: NET PERIODIC PENSION CO

    total $124,002 · management and general $124,002

  • 24c · Other expenses: NIB COMMISSIONS

    total $113,212 · program services $113,212

  • 24d · Other expenses: DELIVERY EXPENSE

    total $239 · program services $239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,833 · end of year $82,282

  • 2 · Savings and temporary cash investments

    beginning of year $1,913,217 · end of year $891,450

  • 4 · Accounts receivable

    beginning of year $1,016,182 · end of year $606,566

  • 7 · Other notes and loans receivable

    beginning of year $7,966,245 · end of year $7,966,245

  • 8 · Inventories for sale or use

    beginning of year $1,195,084 · end of year $871,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,675 · end of year $16,140

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

    $8,671,043

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

    $5,995,406

  • 10c · Land, buildings and equipment, net

    beginning of year $3,880,782 · end of year $2,675,637

  • 14 · Intangible assets

    beginning of year $703,251 · end of year $679,662

  • 15 · Other assets

    beginning of year $177,972 · end of year $94,879

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,068,132 · end of year $923,247

  • 19 · Deferred revenue

    end of year $24,975

  • 23 · Secured mortgages and notes payable

    beginning of year $14,624,518 · end of year $13,518,725

  • 25 · Other liabilities

    beginning of year $960,703 · end of year $679,628

  • 27 · Net assets without donor restrictions

    beginning of year $397,888 · end of year -$1,261,762

Mission and programs · 2023

Mission

TO PROVIDE EMPLOYMENT OPPORTUNITIES AND VOCATIONAL REHAB TO VISUALLY IMPAIRED INDIVIDUALS.

  • VOCATIONAL REHABILITATION - EVALUATING WORK ADJUSTMENT AND TRAINING

    Expenses $39,673 · Revenue $1,947

  • SHELTERED MANUFACTURING FACILITY - MAINTAINING A NON-PROFIT FACILITY FOR THE PRODUCTION OF BLIND MADE PRODUCTS

    Expenses $397,691 · Revenue $56,772

As filed on the 2023 return.

Listed in Part VII

  • Don Abernathy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Millie Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Baker

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ed Gibbons

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lisa Grooms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathanael Hughes

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Curt Isakson

    PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Brandon Johnson

    2ND PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jack Kennerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith McCord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim McFarland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Osborne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Parman

    3RD PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • David Purkey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Raines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Wilson

    1ST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Rich Wilson

    DISTRICT GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen McCrary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Southerland

    CEO

    Total calculated
    $191,813
    From this org
    $191,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,813
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $191,813

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2025
IRS schema version
2023v6.0
Source object
202533049349301343

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