Industries Of The Blind Inc in Greensboro, North Carolina (NC)

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Industries Of The Blind Inc
Employer Identification Number (EIN)560532308
Name of OrganizationIndustries Of The Blind Inc
Address920 W Lee St, Greensboro, NC 27403-2803
ActivitiesAid to the handicapped (see also 031), Job training, counseling, or assistance
SubsectionCharitable Organization
Ruling Date09/1956
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$20,736,632
Amount of Income$23,203,617
Form 990 Revenue Amount$3,937,780
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Vocational Rehabilitation

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Amount of income in 2012: $23,203,617 (it was $7,823,902 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $20,736,632 (it was $18,970,475 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$7,823,902
Contributions, Gifts, Grants and Other Similar Amounts$53,516
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$37,315
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net loss from sales of assets other than inventory$-533
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $533
Gain or (loss) (Securities / Other)$0 / $-533
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$7,687,193
Gross sales of inventory, less returns and allowances$34,511,749
Less: cost of goods sold$26,824,556
Miscellaneous Revenue$46,411
Statement of Functional Expenses (for 2011)
Total functional expenses$3,001,753
Compensation of current officers, directors, trustees, and key employees$288,485
Other salaries and wages$1,105,716
Payroll taxes$67,356
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$18,970,475
Total liabilities$1,840,748
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$17,129,727
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$114,457,641
Gifts, grants, contributions, and membership fees received$770,112
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$112,736,043
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$790,377
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Readyone Industries Inc1414 Ability Dr, El Paso, TX 79936-6415TX1990-03$101,860,275
2Easter Seals North Georgia Inc, 1200 Lake Hearn Drive Ne1200 Lake Hearn Dr Ne Ste 250, Atlanta, GA 30319-1454GA1990-11$18,130,196
3Innovative Services Nw9414 Ne Fourth Plain Rd, Vancouver, WA 98662-6109WA1966-03$4,716,559
4Every Citizen Has Opportunities IncPO BOX 2277, Leesburg, VA 20177-7611VA1993-08$4,446,687
5Cochise County Association For The HandicappedPO BOX AM, Bisbee, AZ 85603-0107AZ1965-08$3,404,380
6Tommy Nobis Foundation Inc1480 Bells Ferry Rd, Marietta, GA 30066-6014GA1995-02$1,003,956
7Blue Ridge Opportunity Services Inc37 Water St, Front Royal, VA 22630-3070VA1992-03$604,040
8Community Work & Independence Inc37 Everts Ave, Glens Falls, NY 12804-2040NY1973-03$27,559,945
9Challenge Unlimited Inc4 Emmie L Kaus Ln, Alton, IL 62002-8865IL1963-03$26,500,563
10Work Incorporated25 Beach St, Dorchester, MA 02122-2734MA1971-02$23,506,529
11Industries Of The Blind Inc920 W Lee St, Greensboro, NC 27403-2803NC1956-09$23,203,617
12Minot Vocational Adjustment Workshop605 27th St Se, Minot, ND 58701-5169ND1964-01$18,929,089
13Lions Industries For The Blind Inc4126 Berkley Ave, Kinston, NC 28504-8321NC1971-07$11,678,033
14Durham Exchange Club Industries Inc1717 E Lawson St, Durham, NC 27703-5025NC1967-06$7,327,457
15Johnston County Industries Inc1100 E Preston St, Selma, NC 27576-3162NC1976-06$6,281,260
16Community Workforce Solutions Inc3011 Falstaff Rd, Raleigh, NC 27610-1812NC1965-06$4,443,752
17Nevins Inc3523 Nevin Rd, Charlotte, NC 28269-4351NC1969-09$1,615,788
18Mclaurin Vocational Training Center Inc10 N Bridges St, Hamlet, NC 28345-2914NC1968-11$550,800
19B J Hill And Associates Inc, Simple Advise Education CenterPO BOX 758, Fayetteville, NC 28302-0758NC1996-03$21,500
20Iredell Vocational Workshop Inc360 Wagner St, Troutman, NC 28166-8609NC1967-03$10,819
Number of organizations performing similar types of work
North Carolina15
North Dakota2
New Hampshire1
New Jersey6
New Mexico1
New York7
Rhode Island2
South Dakota2
West Virginia4
Total256 is not associated with, endorsed by, or sponsored by Industries Of The Blind Inc and has no official or unofficial affiliation with Industries Of The Blind Inc