Lions Services Inc
- Assets
- $6.5m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 304
- Location
- Charlotte, NC
- Founding
- 07/1976
- Data as of
- 06/2023
- EIN
- 51-0191811
Organization Overview
Lions Services Inc is located in Charlotte, NC. The organization was established in 1976. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Lions Services Inc employed 304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lions Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Lions Services Inc generated $16.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $18.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING PEOPLE WHO ARE BLIND TO ACHIEVE PERSONAL AND ECONOMIC INDEPENDENCE BY PROVIDING THEM WITH VOCATIONAL REHABILITIATION AND EMPLOYMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A SOCIAL ENTERPRISE THAT PROVIDES EMPLOYMENT OPPORTUNITIES TO PEOPLE WHO ARE BLIND THROUGH WORKFORCE DEVELOPMENT IN MANUFACTURING IN THE TEXTILE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Murph President/ce | Trustee | 40 | $138,502 |
Durden Dean Vice Preside | OfficerTrustee | 5 | $0 |
Bob Elliott Member | Trustee | 5 | $0 |
Foster Fegarsky Treasurer | OfficerTrustee | 5 | $0 |
Joe Grooms Member | Trustee | 5 | $0 |
Tony Long President Of | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,480 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,480 |
| Total Program Service Revenue | $15,692,901 |
| Investment income | $1,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $557,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,460,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,502 |
| Compensation of current officers, directors, key employees. | $138,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,919,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $903,453 |
| Payroll taxes | $593,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,090 |
| Fees for services: Accounting | $47,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,207 |
| Office expenses | $36,980 |
| Information technology | $0 |
| Royalties | $603,686 |
| Occupancy | $158,989 |
| Travel | $33,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,936 |
| Insurance | $136,147 |
| All other expenses | $335,011 |
| Total functional expenses | $18,407,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,110 |
| Savings and temporary cash investments | $501,526 |
| Pledges and grants receivable | $19,000 |
| Accounts receivable, net | $1,160,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,464,019 |
| Prepaid expenses and deferred charges | $231,204 |
| Net Land, buildings, and equipment | $1,921,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,611 |
| Total assets | $6,546,180 |
| Accounts payable and accrued expenses | $2,737,281 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $446,791 |
| Total liabilities | $3,184,072 |
| Net assets without donor restrictions | $3,029,048 |
| Net assets with donor restrictions | $333,060 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,546,180 |