Lions Volunteer Blind Industries Inc
- Assets
- $6.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 104
- Location
- Morristown, TN
- Founding
- 06/1956
- Data as of
- 06/2022
- EIN
- 62-0526643
Organization Overview
Lions Volunteer Blind Industries Inc is located in Morristown, TN. The organization was established in 1956. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Lions Volunteer Blind Industries Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lions Volunteer Blind Industries 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 06/2022, Lions Volunteer Blind Industries Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMPLOYMENT OPPORTUNITIES AND VOCATIONAL REHAB TO VISUALLY IMPAIRED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL REHABILITATION - EVALUATING WORK ADJUSTMENT AND TRAINING.
SHELTERED MANUFACTURING FACILITY - MAINTAINING A NON-PROFIT FACILITY FOR THE PRODUCTION OF BLIND MADE PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Southerland CEO | Officer | 40 | $121,756 |
Jane Hutton Treasurer | OfficerTrustee | 40 | $77,322 |
Don Abernathy Director | Trustee | 1 | $0 |
Millie Burke Director | Trustee | 1 | $0 |
Paulette Bailey Director | Trustee | 1 | $0 |
Ed Gibbons Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $677,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $795,129 |
| Total Program Service Revenue | $3,255 |
| Investment income | $364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,108 |
| Net Gain/Loss on Asset Sales | $31,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $440,547 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,528 |
| 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. | $121,756 |
| Compensation of current officers, directors, key employees. | $73,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,449 |
| Pension plan accruals and contributions | $76,510 |
| Other employee benefits | $414,169 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,671 |
| Fees for services: Accounting | $89,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,351 |
| Fees for services: Other | $34,241 |
| Advertising and promotion | $4,266 |
| Office expenses | $21,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,887 |
| Travel | $79,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,366 |
| Interest | $62,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,115 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,346,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $256,414 |
| Pledges and grants receivable | $22,176 |
| Accounts receivable, net | $504,497 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,987,117 |
| Prepaid expenses and deferred charges | $15,545 |
| Net Land, buildings, and equipment | $3,382,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,941 |
| Total assets | $6,170,102 |
| Accounts payable and accrued expenses | $943,538 |
| 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 | $2,012,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $920,686 |
| Total liabilities | $3,876,696 |
| Net assets without donor restrictions | $2,293,406 |
| Net assets with donor restrictions | $0 |
| 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 | $6,170,102 |