L C Ind Inc
95% goes to programs $0 to raise $100 Strong reserves Growing revenue
L C Ind Inc is a 501(c)(3) organization based in Durham, North Carolina, registered in 1960, with $408,056,988 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
4500 Emperor Blvd, Durham, NC, 27703 EIN 56-0686307 Since 1960
Revenue (FY2024)
$408.1M
▲ 13.6% vs prior year
Human Services median: $293K
Expenses (FY2024)
$382.9M
Net assets
$221.7M
Employees
933
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For L C Ind Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For L C Ind Inc: 7 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For L C Ind Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L C Ind Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To employ and teach the visually impaired.
Contact & location
- Address
- 4500 Emperor Blvd, Durham, NC, 27703
- City
- Durham
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $56.4M (FY2013) to $408.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46.2MNet assets $221.7M
Operating margin
6.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$267.9M
Total liabilities
$46.2M
Net assets
$221.7M
Salaries & benefits
$50.9M
13% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $408,056,988▲13.6% | $382,867,270▲11.7% | $221,664,610▲12.8% | $267,889,557▲12.9% | 990 |
| 2023 | $359,199,757▲21.5% | $342,681,093▲18.7% | $196,474,892▲9.2% | $237,338,924▲9.6% | 990 |
| 2022 | $295,716,440▲504% | $288,811,370▲369% | $179,956,228▲4.1% | $216,486,748▲8.6% | 990 |
| 2021 | $48,935,731▼26.4% | $61,584,931▼4.2% | $172,911,083▼6.8% | $199,406,608▼4.2% | 990 |
| 2020 | $66,526,381▼2.3% | $64,278,258▲0.4% | $185,560,283▲1.2% | $208,188,082▼0.2% | 990 |
| 2019 | $68,096,867▼3.3% | $64,027,940▼2.2% | $183,312,160▲2.3% | $208,660,341▲2.3% | 990 |
| 2018 | $70,414,612▲4.1% | $65,488,663▲13.3% | $179,243,233▲2.8% | $203,902,041▲2.0% | 990 |
| 2017 | $67,625,356▲15.5% | $57,781,246▼1.7% | $174,317,284▲6.0% | $199,894,262▲9.0% | 990 |
| 2016 | $58,551,102▲1.7% | $58,767,785▼3.2% | $164,473,174▼0.1% | $183,458,504▲0.2% | 990 |
| 2015 | $57,597,424▼16.4% | $60,710,957▼16.1% | $164,689,857▼1.9% | $183,171,285▼4.3% | 990 |
| 2014 | $68,905,403▲22.2% | $72,383,799▲27.6% | $167,803,390▼2.1% | $191,431,785▼3.7% | 990 |
| 2013 | $56,372,012 | $56,721,843▼9.1% | $171,317,241▼0.2% | $198,741,782▲4.2% | 990 |
| 2012 | — | $62,366,751▲15.7% | $171,667,072▼3.1% | $190,733,180▼2.9% | 990 |
| 2011 | — | $53,911,870▲21.6% | $177,108,804▼2.4% | $196,517,222▼2.0% | 990 |
| 2010 | — | $44,348,396▼0.8% | $181,542,022▲13.4% | $200,427,218▲11.4% | 990 |
| 2009 | — | $44,691,494 | $160,079,855 | $179,954,516 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Patrick K Lindsey — $1,167,567 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick K Lindsey | President/ Ceo | 40 | $1,167,567 |
| William Hudson | Treasurer/secretary | 40 | $485,556 |
| Marisa O Chrismon | Chief Human Resources Officer | 40 | $333,859 |
| Duwayne T Gilbertson | Chief Revenue Officer | 40 | $312,011 |
| Scott M Schrantz | Senior Vice President of Operations | 40 | $255,217 |
| Paige H Goss | Vice President of Finance | 40 | $214,940 |
| Andro P Czuczuk | Director, Purchasing | 40 | $193,267 |
| Grace Baier-green | Director, Sales | 40 | $183,590 |
| John G Samuel | Director of Ablr | 40 | $175,121 |
| Michael Iannelli | Director, Sales & Marketing | 40 | $175,121 |
| Michael W Grafton | Manager Product Development | 40 | $161,188 |
| Ben Thompson | Board Member | 5 | — |
| Gene Lewis | Board Member | 5 | — |
| Jim Holmes | Board Member | 5 | — |
| Joe Lee III | Board Member | 5 | — |
| Justin Wright | Board Member | 5 | — |
| Richard Hutson | Chair | 5 | — |
| Thom White | Board Member | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Tiger Technologies | Software Support | $645,658 |
| Stealth Partners | Stop Loss Insurance - Health | $551,349 |
| William Hudson | Consulting | $485,556 |
| Mca Connect | Software Support | $244,247 |
| Manhattan Associates | Software Support | $223,172 |
Grants received · $169K total
1 grant to L C Ind Inc totaling $169K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| University of Southern California | Subaward | 2023 | $169,098 |
Grants made · $2.8M in FY2024
1 grant totaling $2.8M in FY2024. All grants made by L C Ind Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| L C Industries Foundation | Program support | $2,750,000 |
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Compare L C Ind Inc
Frequently asked questions
- Is L C Ind Inc a legitimate nonprofit?
- Yes. L C Ind Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0686307, based in Durham, North Carolina. Donations are tax-deductible.
- What is L C Ind Inc's EIN?
- L C Ind Inc's Employer Identification Number (EIN) is 56-0686307.
- How much revenue does L C Ind Inc report?
- L C Ind Inc reported $408,056,988 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of L C Ind Inc's spending goes to programs?
- L C Ind Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does L C Ind Inc have?
- CharityIndex grades L C Ind Inc A, based on program efficiency and fundraising cost.
- How much does L C Ind Inc's highest-paid employee make?
- The highest reported compensation on L C Ind Inc's latest Form 990 is $1,167,567, paid to Patrick K Lindsey (President/ Ceo).
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Data for L C Ind Inc (EIN 56-0686307) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.