2021-08-16T16:33:28-05:00 2020-09-30 560747981 DIXON HUGHES GOODMAN LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990 2019-10-01 566001467 WINSTON-SALEM INDUSTRIES FOR THE BLIND INC WINS 3367590551 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 DAVID HORTON PRESIDENT/CEO 3367590551 2021-08-12 1 DAVID VOGLER P00187735 3368895156 2021-08-10 2019 2022-09-23 18:48:47Z IFB SOLUTIONS DAVID HORTON 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 218634146 0 X IFBSOLUTIONS.ORG X 1936 NC TO TRAIN, EMPLOY AND SERVE VISUALLY-IMPAIRED INDIVIDUALS. 19 17 1101 50 0 0 734713 1579401 0 0 307073 174432 52737156 37254938 53778942 39008771 19576 8648 0 0 30222591 24421627 0 0 689124 20306476 14216664 50548643 38646939 3230299 361832 76656518 93066624 37502849 53541802 39153669 39524822 TO PROVIDE OPPORTUNITIES FOR PERSONS WHO ARE BLIND OR VISUALLY-IMPAIRED AND ARE IN NEED OF TRAINING, EMPLOYMENT AND SERVICES. 0 0 29854585 8648 36310883 OPERATION OF A QUALIFIED ABILITYONE AGENCY THAT PROVIDES TRAINING, EMPLOYMENT AND SERVICES FOR THE BLIND AND VISUALLY-IMPAIRED. THROUGH THESE EFFORTS, WE SELL MERCHANDISE THAT IS PRODUCED BY OUR EMPLOYEES, MOST OF WHOM ARE BLIND OR VISUALLY-IMPAIRED. WE ALSO OPERATE STORES THAT SELL PRODUCTS MADE BY THE BLIND AND VISUALLY-IMPAIRED ALONG WITH OTHER MERCHANDISE. THE RESULTS OF THESE EFFORTS ARE THE EMPLOYMENT OF 461 INDIVIDUALS WHO ARE BLIND AND THE GENERATION OF 644,187 BLIND DIRECT LABOR HOURS AND 86,186 BLIND INDIRECT LABOR HOURS. 29854585 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 1 136 0 1 1101 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT BURGESS CFO 3362455675 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 ANDREW PRUETTE DIRECTOR 1.00 X 0 0 0 BOB COLUCCI DIRECTOR 1.00 X 0 0 0 BRENDA DIGGS ASSISTANT TREASURER, DIRECTOR 1.00 X X 0 0 0 DAVE PLYLER DIRECTOR 1.00 X 0 0 0 ERIK COBHAM DIRECTOR 1.00 X 0 0 0 JAMES TAYLOR JR DIRECTOR 1.00 X 0 0 0 JANE FERNANDES DIRECTOR 1.00 X 0 0 0 JOHN GOOGE TREASURER, DIRECTOR 1.00 X X 0 0 0 JOHN ROWLAND DIRECTOR 1.00 X 0 0 0 KATHRYN GARNER SECRETARY, DIRECTOR 1.00 X X 0 0 0 LEO STEPANSKY DIRECTOR 1.00 X 0 0 0 MARK DOUGHTON CHAIRMAN, DIRECTOR 1.00 X X 0 0 0 MARY SEDGWICK DIRECTOR 1.00 X 0 0 0 MIKE FAIRCLOTH DIRECTOR 1.00 X 0 0 0 PAT SMITH DIRECTOR 1.00 X 0 0 0 TIM NERHOOD ASSISTANT SECRETARY, DIRECTOR 1.00 X X 0 0 0 TOM SERRIN DIRECTOR 1.00 X 0 0 0 W ROBERT NEWELL VICE CHAIRMAN, DIRECTOR 1.00 X X 0 0 0 WALKER DAVIDSON DIRECTOR 1.00 X 0 0 0 DANIEL KELLY EXECUTIVE VP OF STRATEGY & PROGRAMS 40.00 X 325525 0 82860 DAVID HAMPTON VP OF HUMAN RESOURCES 40.00 X 229302 0 63388 DAVID HORTON PRESIDENT / CEO 40.00 X 682929 0 47799 KENNETH EDWARDS CHIEF REVENUE OFFICER 40.00 X 222789 0 66798 ROBERT BURGESS CHIEF FINANCIAL OFFICER 40.00 X 266587 0 72422 SILAS MARTIN CHIEF OPERATING OFFICER 40.00 X 255393 0 68499 VASHUDA RANGAPATHY VP OF IT & E-COMMERCE 40.00 X 158661 0 51956 DANIEL CARSON DIRECTOR OF GOVERNMENT MARKETS 40.00 X 172703 0 24049 JASON MOSER DIRECTOR OF FINANCIAL PLAN 40.00 X 138749 0 15524 MARK WILLIAMS DIRECTOR OF OPTICAL OPERATIONS 40.00 X 142600 0 21242 NICOLE DUCOUER DIRECTOR OF CORPORATE COMMUNICATIONS 40.00 X 138905 0 24663 RANDY BUCKNER VP OF OPERATIONS SUPPORT 40.00 X 161046 0 29081 2895189 0 568281 25 0 1 0 SAMTECH LLC 1211 CORPORATION PKWY RALEIGH NC 27610 PURCHASE OF MATERIALS 9530772 BETH PARTNERS LLC 104 QUINCY COURT YORKTOWN VA 23693 PURCHASE OF RESELL ITEMS (BSC) 4083312 FAEGRE DRINKER BIDDLE & REATH LLP ONE LOGAN SQUARE PHILADELPHIA PA 19103 LEGAL SERVICES 1540185 DC HOLDINGS 20 MAIN STREET SUITE 2C LEOMINSTER MA 01453 CONSULTING SERVICES 497367 MICHAEL SMITH 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 CAFE / MEAL SERVICES 397758 15 24950 1000000 554451 5165 1579401 8662 8662 638 166695 252 1311 386 165384 165770 165770 282132 24950 108406 173726 173726 215826289 179515406 36310883 36310883 MISCELLANEOUS INCOME 900099 770329 770329 770329 39008771 36310883 0 1118487 8648 8648 2734963 1422181 1203384 109398 9640596 6958632 2450356 231608 1027173 857373 154306 15494 9007671 7988193 934296 85182 2011224 1725524 270335 15365 835164 835164 91170 91170 105583 105583 4337 4337 2412895 1172739 1237357 2799 179250 131117 18670 29463 954284 726402 214558 13324 556359 556214 87 58 333963 273053 51162 9748 105440 105440 5283462 5215437 64865 3160 1784162 1691975 84776 7411 TRUCK EXPENSES 413464 221236 192228 EMPLOYEE ACTIVITIES 199381 102431 70738 26212 UNIFORMS 21326 21326 936424 676664 119858 139902 38646939 29854585 8103230 689124 13587444 15336843 109628 65537 20729793 26854207 22898999 25781887 454245 465527 40480480 20240799 17445808 20239681 1430601 4322942 76656518 93066624 32435565 43690584 295246 227712 2852662 762809 1919376 8860697 37502849 53541802 X 38148579 38538080 1005090 986742 39153669 39524822 76656518 93066624 X 361832 16235 -6914 X X 0 1 X 1 0 X 594506 880224 892166 734713 1579401 4681010 132560585 120708806 152916259 225298522 215826289 847310461 133155091 121589030 153808425 226033235 217405690 851991471 30 1140 68538 47761 19430 136899 58916360 59922706 81660818 153852301 138960353 493312538 58916390 59923846 81729356 153900062 138979783 493449437 358542034 312546 403739 294807 42514 8662 1062268 15417 15417 312546 403739 310224 42514 8662 1077685 143598 341383 178431 359085 770329 1792826 133611235 122334152 154297080 226434834 218184681 854861982 0.41940 0.45100 0.00130 0.00180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 105583 0 0 105583 0 PART II-B, LINE 1: DIRECT CONTACT: FEES WERE PAID TO FAEGRE DRINKLE BIDDLE & REATH LLP AND MULTIPLE TRIPS WERE MADE TO WASHINGTON D.C. BY IFB'S MANAGEMENT AND STAFF MEMBERS TO MEET WITH CONGRESSIONAL MEMBERS AND THEIR STAFF IN AN EFFORT TO PASS HR 4920. THIS WAS A CRITICALLY IMPORTANT EFFORT TO PROTECT THE ABILITYONE PROGRAMS, INCLUDING IFB'S BLIND WORKFORCE THAT WERE EMPLOYED TO PROVIDE EYEGLASSES TO THE DEPARTMENT OF VETERANS AFFAIRS. FEES WERE PAID TO LCI TO WORK WITH THE NORTH CAROLINA STATE LEGISLATURE AND EXECUTIVE BRANCH IN SUPPORT OF HB654, WHICH STRENGTHENS THE EXISTING STATE USE LAW TO ENHANCE THE CREATION OF JOB OPPORTUNITIES FOR PEOPLE WHO ARE BLIND THROUGH STATE GOVERNMENT PROCUREMENTS. 380600 0 14635 7570 3699 383966 360237 14050 9889 3576 380600 318652 21000 23899 3314 360237 340730 31291 50000 3369 318652 311734 19000 13187 3191 340730 1.00000 1 0 1722070 1722070 13066966 8163212 4903754 5825924 514210 5311714 13953210 10522509 3430701 5912310 1040868 4871442 20239681 DEFERRED COMPENSATION 633220 TRANSITION SERVICES OBLIGATIONS 386916 DEFERRED GAIN ON SALE-LEASEBACK 750129 PAYCHECK PROTECTION PROGRAM LOAN 7090432 8860697 X 39248043 16235 118968 115320 250523 38997520 4337 6914 11251 39008771 38869976 118968 108406 227374 38642602 4337 4337 38646939 PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO PROVIDE A PERMANENT FUND WHICH MAY BE USED TO SUPPORT THE ONGOING NEEDS OF IFB. PART X, LINE 2: IFB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. IN ADDITION, IFB QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EVENT EXPENSES 108,406. CHANGE IN BENEFICIAL INTEREST IN BECK TRUST 6,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: VALUATION ADJUSTMENT 6,914. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EVENT EXPENSES 108,406. GOLF TOURNAMENT, ASHEVILLE 138128 7590 130538 1360 1200 28060 GALA 114965 15860 99105 1220 2216 51033 5 53989 1500 52489 1310 22007 307082 24950 282132 3890 3416 101100 108406 173726 1 OPERATION NORTH STATE INC 151 WINDEMERE COURT WINSTON SALEM NC 27127 273851623 501(C)(3) 8179 BOOK MARKERS NC CARES CHRISTMAS BOX PROJECT PART I, LINE 2: IFB OFFERS TWO SCHOLARSHIPS, ONE OF WHICH IS AVAILABLE ONLY TO ELIGIBLE SIGHTED, BLIND AND VISUALLY-IMPAIRED EMPLOYEES WHO ARE FULL-TIME AND HAVE ONE YEAR OF SERVICE AND THE OTHER SCHOLARSHIP IS AVAILABLE ONLY TO ELIGIBLE BLIND AND VISUALLY-IMPAIRED EMPLOYEES AND THEIR DEPENDENTS. TO BE ELIGIBLE FOR THESE SCHOLARSHIPS A CANDIDATE MUST BE ACCEPTED TO, OR CURRENTLY ATTENDING, A POST-SECONDARY EDUCATIONAL INSTITUTION. EACH CANDIDATE MUST SUBMIT A SCHOLARSHIP APPLICATION, EVIDENCE OF ACCEPTANCE OR ATTENDANCE, AND THE BILL FOR TUITION FROM THEIR RESPECTIVE SCHOOLS. SCHOLARSHIP RECIPIENTS ARE CHOSEN FROM THE POOL OF CANDIDATES BY A COMMITTEE CONSISTING OF HUMAN RESOURCES AND EXECUTIVE MANAGEMENT. THE AMOUNTS OF INDIVIDUAL SCHOLARSHIP AWARDS ARE DETERMINED BASED ON THE INDIVIDUAL'S COST OF TUITION AND THE NUMBER OF CANDIDATES APPLYING FOR EACH SCHOLARSHIP. ALSO PROVIDED IS TUITION REIMBURSEMENT FOR SIGHTED, BLIND AND VISUALLY-IMPAIRED EMPLOYEES. EMPLOYEES WISHING TO RECEIVE REIMBURSEMENT MUST COMPLETE A REQUEST FORM DETAILING THE COURSES THEY WISH TO TAKE AND HOW THOSE COURSES CONTRIBUTE TO THEIR CURRENT POSITION WITHIN THE COMPANY. THESE FORMS ARE REVIEWED AND APPROVED BY THE IMMEDIATE SUPERVISOR AND THE HUMAN RESOURCES MANAGERS. UPON COMPLETION OF THE COURSE(S), THE EMPLOYEE SUBMITS A GRADE REPORT, AND AS LONG AS A GRADE OF C OR BETTER IS RECEIVED THE EMPLOYEE IS REIMBURSED FOR THE COST OF TUITION. THERE WERE NO SCHOLARSHIPS NOR TUITION REIMBURSEMENTS GIVEN IN FY20 DUE TO COVID-19. X X 1 1 X X X X X 1 1 0 0 0 1 0 0 0 DANIEL KELLY EXECUTIVE VP OF STRATEGY & PROGRAMS 228294 0 77626 0 19605 0 56333 0 26527 0 408385 0 15127 0 DAVID HAMPTON VP OF HUMAN RESOURCES 172617 0 51460 0 5225 0 39380 0 24008 0 292690 0 12175 0 DAVID HORTON PRESIDENT / CEO 349169 0 326613 0 7147 0 30729 0 17070 0 730728 0 183456 0 KENNETH EDWARDS CHIEF REVENUE OFFICER 178337 0 42765 0 1687 0 40271 0 26527 0 289587 0 0 0 ROBERT BURGESS CHIEF FINANCIAL OFFICER 208320 0 56333 0 1934 0 48414 0 24008 0 339009 0 0 0 SILAS MARTIN CHIEF OPERATING OFFICER 197077 0 57661 0 655 0 44491 0 24008 0 323892 0 8678 0 VASHUDA RANGAPATHY VP OF IT & E-COMMERCE 130014 0 28502 0 145 0 25429 0 26527 0 210617 0 0 0 DANIEL CARSON DIRECTOR OF GOVERNMENT MARKETS 138490 0 32983 0 1230 0 24049 0 0 0 196752 0 13125 0 JASON MOSER DIRECTOR OF FINANCIAL PLAN 121446 0 17193 0 110 0 5354 0 10170 0 154273 0 0 0 MARK WILLIAMS DIRECTOR OF OPTICAL OPERATIONS 112558 0 30042 0 0 0 9644 0 11598 0 163842 0 0 0 NICOLE DUCOUER DIRECTOR OF CORPORATE COMMUNICATIONS 119110 0 19672 0 123 0 5156 0 19507 0 163568 0 0 0 RANDY BUCKNER VP OF OPERATIONS SUPPORT 126375 0 33546 0 1125 0 11729 0 17352 0 190127 0 0 0 PART I, LINE 1A QUESTION 1A: IFB PROVIDES A DRIVER FOR DANIEL KELLY, EXECUTIVE VP OF STRATEGY AND PROGRAMS, WHO IS BLIND. IFB DOES, FROM TIME TO TIME, GROSS UP CERTAIN PAYMENTS MADE TO OFFICERS AND KEY EMPLOYEES. PART I, LINES 4A-B QUESTION 4A: MARK WILLIAMS, FORMER DIRECTOR OF OPTICAL OPERATIONS, RECEIVED A SEVERANCE PAYMENT OF $13,690. QUESTION 4B: IFB SPONSORS A 457(F) DEFERRED COMPENSATION RETIREMENT PLAN IN WHICH THE FOLLOWING EMPLOYEES PARTICIPATE. AMOUNTS SHOWN REPRESENT PAYMENTS MADE FROM THE PLAN DURING 2019. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II), AS APPLICABLE. THE AMOUNTS CONTAIN COMPENSATION REPORTED AS DEFERRED ON PRIOR FORMS 990 AND INCLUDED IN SCHEDULE J, PART II, COLUMN (F). DAVID HORTON ($322,090) / ($183,456) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 DAVID HAMPTON ($49,075) / ($12,175) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 DANIEL KELLY ($74,516) / ($15,127) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 KENNETH EDWARDS ($40,300) ROBERT BURGESS ($53,550) SILAS MARTIN ($52,011) / ($8,678) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 DANIEL CARSON ($31,110) / ($13,125) COMPENSATION REPORTED AS DEFERRED ON PRIOR FORM 990 RANDY BUCKNER ($31,809) VASUDHA RANGAPATHY ($23,504) PART I, LINE 6 IFB MAINTAINS THE GAINSHARE INCENTIVE PROGRAM FOR THE BENEFIT OF ALL EMPLOYEES NOT PARTICIPATING IN THE 457(F) DEFERRED COMPENSATION RETIREMENT PLAN. THIS INCENTIVE PROGRAM IS BASED ON THE ATTAINMENT OF OPERATING RESULTS FOR FINANCIAL AND MISSION METRICS/PERFORMANCE TARGETS THAT EXCEED THOSE TARGETS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS. LOUIS GOTTLIEB FORMER DIRECTOR PURCHASE COLISEUM BUILDING X 350000 227712 0 1 1 227712 LEO STEPANSKY DIRECTOR 268129 SEE PART V. 0 ERIK COBHAM DIRECTOR 1607604 SEE PART V. 0 SCHEDULE L, PART IV, COLUMN (D) SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF INTERESTED PERSON: LEO STEPANSKY(D) DESCRIPTION OF TRANSACTION: VENDOR PAYMENTS TO EMPLOYER OF INTERESTED PERSON. SCHEDULE L, PART IV, COLUMN (D) SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF INTERESTED PERSON: ERIK COBHAM(D) DESCRIPTION OF TRANSACTION: VENDOR PAYMENTS TO EMPLOYER OF INTERESTED PERSON. X 1 1000 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 ALL MEMBERS OF THE BOARD OF DIRECTORS, EXCEPT THOSE WHO ARE CONSIDERED TO BE EX-OFFICIO (NON-VOTING) MEMBERS AS PRESCRIBED BY THE ORGANIZATION'S BYLAWS, HAVE FULL AND EQUAL VOTING RIGHTS WITH RESPECT TO ALL MATTERS THAT COME FOR THE CONSIDERATION OF THE BOARD OF DIRECTORS. IF THE TERM OF OFFICE AS A DIRECTOR HAS ENDED, THE IMMEDIATE PAST CHAIR OF THE BOARD BECOMES AN EX-OFFICIO BOARD MEMBER FOR A TERM OF ONE YEAR ONCE THAT INDIVIDUAL'S TERM AS CHAIR OF THE BOARD ENDS, AND DURING THAT TIME PERIOD, HAS NO VOTING RIGHTS RELATING TO MATTERS BEFORE THE BOARD. THE BOARD-APPOINTED EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE FULL BOARD OF DIRECTORS IN THE MANAGEMENT OF THE ORGANIZATION DURING INTERVALS BETWEEN REGULARLY-SCHEDULED BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B AFTER REVIEW BY FINANCIAL MANAGEMENT PERSONNEL AT IFB, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD, THE GOVERNANCE BODY CHARGED WITH APPROVAL OF THE FILING OF THE RETURN, IN ADVANCE OF A SCHEDULED MEETING OF THE AUDIT COMMITTEE FOR THE PURPOSE OF CONDUCTING A DETAILED REVIEW OF THE FORM 990. THE CHIEF FINANCIAL OFFICER (CFO) AND A REPRESENTATIVE FROM IFB'S TAX RETURN PREPARER MEET WITH THE AUDIT COMMITTEE FOR AN IN-DEPTH REVIEW OF THE FORM 990. FROM THIS MEETING, THE AUDIT COMMITTEE APPROVES THE RETURN FOR FILING AS PREPARED, OR WITH AGREED-UPON CHANGES. A COPY OF THE FORM 990, AS APPROVED BY THE AUDIT COMMITTEE, IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO TIMELY FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS DISTRIBUTES A CONFLICTS OF INTEREST DISCLOSURE STATEMENT TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. THE COMMITTEE, ALONG WITH COMPLIANCE PERSONNEL, EXAMINE THE COMPLETED STATEMENTS AND PROMPTLY INVESTIGATE AND RESOLVE ANY REAL OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION OF THE PRESIDENT/CEO IS SET BY THE BOARD OF DIRECTORS. THE BOARD CONDUCTS ANNUAL PERFORMANCE EVALUATIONS OF THE PRESIDENT/CEO, AND ALONG WITH THE RESULTS OF THE EVALUATIONS, THE BOARD USES PERIODIC COMPENSATION SURVEYS CONDUCTED BY OUTSIDE CONSULTANTS AND CONSULTS COMPARATIVE COMPENSATION DATA RELATED TO THE COMPENSATION PACKAGES OF TOP EXECUTIVES AT ORGANIZATIONS OF SIMILAR SIZE AND MISSION, INCLUDING EXAMINATION OF THE ORGANIZATIONS' FORMS 990, IN ORDER TO DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO ON A YEARLY BASIS. FOR OTHER OFFICERS AND KEY EMPLOYEES, ANNUAL COMPENSATION IS SET BY THE PRESIDENT/CEO. THE PRESIDENT/CEO CONDUCTS AN ANNUAL PERFORMANCE EVALUATION FOR EACH OFFICER AND KEY EMPLOYEE, AND ALONG WITH THE RESULTS OF THE EVALUATION, THE PRESIDENT/CEO CONSULTS COMPARATIVE COMPENSATION DATA RELATED TO OFFICERS AND KEY EMPLOYEES AT ORGANIZATIONS OF SIMILAR SIZE AND MISSION, INCLUDING EXAMINATION OF THE ORGANIZATIONS' FORMS 990, IN ORDER TO DETERMINE EACH OFFICER'S AND KEY EMPLOYEE'S COMPENSATION ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MAINTAINED BY THE EXECUTIVE ASSISTANT TO THE PRESIDENT/CEO. THIS EMPLOYEE MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE MAINTAINED BY THE CFO. THE CFO MAKES THESE STATEMENTS, AS DISCLOSED IN THE FORM 990, AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS MAINTAINED BY THE CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE CHAIR MAKES THIS POLICY AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: VALUATION ADJUSTMENT -6,914. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. IFB SOLUTIONS FOUNDATION INC 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 263376328 SUPPORTING WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. NC 501(C)(3) 509(A)(3), TYPE I N/A 1 THE ARKANSAS LIGHTHOUSE FOR THE BLIND 6818 MURRAY STREET LITTLE ROCK AR 72209 710233257 ORGANIZATION CONTROLLED BY WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. AR 501(C)(3) 509(A)(2) N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 IFB SOLUTIONS FOUNDATION INC O 40000 FAIR VALUE OF SERVICES RENDERED IFB SOLUTIONS FOUNDATION INC C 1000000 FMV IFB SOLUTIONS FOUNDATION INC N 20000 FMV