L C Industries Foundation
L C Industries Foundation reported $10.8 million in revenue and $1.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.01 went to program services, $15.99 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 74.6% of the total. The highest compensation it reported for one person was $1,188,854 (Board Member). Revenue rose 60% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $1.7MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.0% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.0% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 25.4% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,188,854 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 70.71% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 0 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 580.7 | 6.9 |
| Independent voting board members Part VI 1a–1b | 1 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Board Member Director/trustee, 5.0 hrs/week | $0 | $1,167,567 | $21,287 | $1,188,854 |
| President Director/trustee, officer, 5.0 hrs/week | $0 | $485,556 | $0 | $485,556 |
0 people received more than $100,000 in reportable compensation from L C Industries Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 1 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 61
Correct a figure or respond
Every number above is copied from L C Industries Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for L C Industries Foundation, you can publish a response that is linked from this page.
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Of every $100 L C Industries Foundation spent in FY2025, $84.01 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in North Carolina
Questions people ask
How much of L C Industries Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, L C Industries Foundation reported that 84.0% of its $1.7 million in expenses went to program services, 16.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does L C Industries Foundation pay its top executive?
The largest total compensation L C Industries Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,188,854, for the role of Board Member (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does L C Industries Foundation get its money?
Of $10.8 million in revenue in the fiscal year ending June 30, 2025, 25.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is L C Industries Foundation a registered charity?
The IRS lists EIN 45-5200306 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611039349300106 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202530599349300133 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420439349301642 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311289349300031 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201239349301310 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120589349300022 · read the filing
All filings for EIN 45-5200306: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.