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EIN 45-5200306

L C Industries Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Durham
State
North Carolina
Year formed
2012
Most recent tax filings
2023-06-01
NTEE code, primary
P80: Services to Promote the Independence of Specific Population Groups
Description
The L C Industries Foundation improves the lives and well-being of persons who are blind and offers them opportunities for education, training, and job-related skills. It supports its parent organization, lc Industries, inc., by making grants to charitable organizations that support individuals who are blind.
Related structure
L C Industries Foundation is a subordinate organization under LC Industries.
Total revenues
$3,029,940
2023
Total expenses
$2,307,535
2023
Total assets
$68,313,434
2023
Num. employees
0
2023

Program areas at L C Industries Foundation

The Foundation supports its parent organization, lc Industries, inc., by making grants to charitable organization that support individuals who are blind.

Grants made by L C Industries Foundation

GranteeGrant descriptionAmount
Envision FoundationSupport for the Envision Workforce Innovation Center$1,488,500
Duke University Health SystemHudson Visual Function Gift Fund$250,000
LC IndustriesOperational Support$200,000

Personnel at L C Industries Foundation

NameTitleCompensation
William HudsonPresident$0
Stephen HarrisTreasurer$0
John JanesSecretary$0

Financials for L C Industries Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$1,493,563
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,366,253
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$170,124
Total revenues$3,029,940

Form 990s for L C Industries Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-12990View PDF
2022-062023-05-08990View PDF
2021-062022-05-03990View PDF
2020-062021-04-13990View PDF
2019-062020-10-15990View PDF
...and 7 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Used new vendors
Identified 1 new vendor, including
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $1,750,000 from LC Industries
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsHuman service organizationsChapter / child organizationsCharities
Issues
Human services
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
4500 Emperor Blvd
Durham, NC 27703
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
lcindustries.com/ 
Phone
(919) 596-8277
IRS details
EIN
45-5200306
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P80: Services to Promote the Independence of Specific Population Groups
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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