2020-08-17T11:08:36-05:00 2019-09-30 560747981 DIXON HUGHES GOODMAN LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990 2018-10-01 566001467 WINSTON-SALEM INDUSTRIES FOR THE BLIND INC WINS 3367590551 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 DAVID HORTON PRESIDENT/CEO 3367590551 2020-08-17 1 DAVID VOGLER P00187735 3368895156 2020-08-11 173.94.49.102 2020-08-17 08:10:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BB4A6C10DAC646745C5A9D585DB407C75395EBF7 2018 2020-09-23 17:36:50Z IFB SOLUTIONS DAVID HORTON 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 230078395 0 X IFBSOLUTIONS.ORG X 1936 NC TO TRAIN, EMPLOY AND SERVE VISUALLY-IMPAIRED INDIVIDUALS. 18 15 1103 50 0 0 892166 734713 0 0 111138 307073 41250375 52737156 42253679 53778942 10026750 19576 0 0 23111314 30222591 0 0 859766 18754015 20306476 51892079 50548643 -9638400 3230299 59105273 76656518 23231659 37502849 35873614 39153669 TO PROVIDE OPPORTUNITIES FOR PERSONS WHO ARE BLIND OR VISUALLY-IMPAIRED AND ARE IN NEED OF TRAINING, EMPLOYMENT AND SERVICES. 0 0 41826190 19576 52291474 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 707 INDIVIDUALS WHO ARE BLIND AND THE GENERATION OF 801,503 BLIND DIRECT LABOR HOURS AND 120,562 BLIND INDIRECT LABOR HOURS. 41826190 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 1 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 134 0 1 1103 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 15 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 DIRECTOR 1.00 X 0 0 0 DEAN VAVRA 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 KAREN CAREY ASSISTANT SECRETARY, DIRECTOR 1.00 X X 0 0 0 KATHRYN GARNER SECRETARY, DIRECTOR 1.00 X X 0 0 0 LOUIS GOTTLIEB DIRECTOR 1.00 X 0 0 0 MARK DOUGHTON VICE-CHAIR, DIRECTOR 1.00 X X 0 0 0 MIKE FAIRCLOTH DIRECTOR 1.00 X 0 0 0 PAT CARVER DIRECTOR 1.00 X 0 0 0 PAT SMITH DIRECTOR 1.00 X 0 0 0 SHIRLEY SHOUSE ASSISTANT TREASURER, DIRECTOR 1.00 X X 0 0 0 TIM NERHOOD CHAIR, DIRECTOR 1.00 X X 0 0 0 TOM SERRIN DIRECTOR 1.00 X 0 0 0 W ROBERT NEWELL DIRECTOR 1.00 X 0 0 0 DANIEL KELLY CHIEF OPERATING OFFICER 40.00 X 310268 0 70853 DAVID HAMPTON VP OF HUMAN RESOURCES 40.00 X 210773 0 50223 DAVID HORTON PRESIDENT / CEO 40.00 X 497563 0 37519 KENNETH EDWARDS VP OF CONSOLIDATED LOGISTI 40.00 X 196245 0 51195 ROBERT BURGESS CHIEF FINANCIAL OFFICER 40.00 X 250242 0 55697 SILAS MARTIN VP BSC & IT 40.00 X 213426 0 50918 DANIEL CARSON PROGRAM DIRECTOR OF CONSUM 40.00 X 165166 0 18625 GARY MENDELSOHN DIRECTOR OF SUPPLY CHAIN 40.00 X 126535 0 18282 JAMES JONES JR DIRECTOR OF TECHNICAL COMP 40.00 X 138114 0 17030 RANDY BUCKNER DIRECTOR OF ASHEVILLE OPER 40.00 X 150361 0 26086 VASHUDA RANGAPATHY DIRECTOR OF IT & E-COMMERC 40.00 X 139606 0 39694 2398299 0 436122 20 0 1 0 SHELCO LLC 2359 PERIMETER POINTE PARKWAY CHARLOTTE NC 28208 CONSTRUCTION SERVICES 684679 MICHAEL SMITH 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 FOOD SERVICES 371333 ACF STANDBY SYSTEM 9311 SOLAR DR TAMPA FL 33619 BACKUP POWER SERVICES 344266 DRINKER BIDDLE & REATH LLP ONE LOGAN SQUARE PHILADELPHIA PA 19103 LEGAL SERVICES 248719 HERE '2 THERE VAN SERVICE 3790 BETHANIA STATION ROAD WINSTONSALEM NC 27106 TRANSPORTATION SERVICES 246470 9 25755 25000 683958 18137 734713 42514 42514 2501743 875025 2541386 570823 -39643 304202 264559 264559 166234 25755 125179 41055 41055 74804 55017 19787 19787 225298522 173007048 52291474 52291474 MISCELLANEOUS INCOME 900099 384840 384840 384840 53778942 52291474 0 752755 3013 3013 16563 16563 3984234 2071802 1753063 159369 10588533 8725885 1725698 136950 1648921 1373178 244743 31000 11532824 10185741 1224332 122751 2468079 2109570 300849 57660 1810338 1661961 148377 115920 115920 186215 186215 5326 5326 3026531 1792148 1231223 3160 259040 121898 67229 69913 1822145 1613581 199565 8999 288585 288585 862348 658183 175479 28686 143335 143335 6621425 6587589 30592 3244 2180522 2180522 110695 110695 TRUCK EXPENSES 391478 158674 232804 EMPLOYEE ACTIVITIES 308379 179116 103810 25453 2174194 1844151 117462 212581 50548643 41826190 7862687 859766 5105907 13587444 489762 109628 13618140 20729793 19397607 22898999 407972 454245 36026806 18580998 17629983 17445808 447806 2008096 1430601 59105273 76656518 18625695 32435565 295246 3313369 2852662 1292595 1919376 23231659 37502849 X 34411783 38148579 787810 1005090 674021 0 35873614 39153669 59105273 76656518 X 3230299 55585 -5829 X X 0 1 X 1 0 X 467683 594506 880224 892166 734713 3569292 130327699 132560585 120708806 152916259 225298522 761811871 130795382 133155091 121589030 153808425 226033235 765381163 1529 30 1140 68538 47761 118998 64556174 58916360 59922706 81660818 153852301 418908359 64557703 58916390 59923846 81729356 153900062 419027357 346353806 285846 312546 403739 294807 42514 1339452 15417 15417 285846 312546 403739 310224 42514 1354869 195630 143598 341383 178431 359085 1218127 131276858 133611235 122334152 154297080 226434834 767954159 0.45100 0.50820 0.00180 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 178963 1 7252 0 186215 0 PART II-B, LINE 1: DIRECT CONTACT: DURING FISCAL YEAR 2019, WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. PAID FEES TO TODD TIAHRT, A LOBBYIST AND FORMER CONGRESSMAN, FOR THE PURPOSE OF MR. TIAHRT'S EFFORTS TO LOBBY US LAWMAKERS IN RELATION TO LEGISLATION AFFECTING THE BASE SUPPLY CENTER BUSINESS BETWEEN NON-PROFIT AGENCIES AND US GOVERNMENT AGENCIES. 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. RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY OTHER MEANS: IN APRIL 2019, OFFICERS AND STAFF MEMBERS OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. (IFB) ATTENDED THE NATIONAL INDUSTRIES FOR THE BLIND PUBLIC POLICY FORUM. THE ATTENDEES MET WITH SENATORS AND OTHER LEGISLATORS TO DISCUSS LAWS RELATING TO THE BLIND AND VISUALLY-IMPAIRED POPULATIONS. 360237 14050 9889 3576 380600 318652 21000 23899 3314 360237 340730 31291 50000 3369 318652 311734 19000 13187 3191 340730 300738 14093 3097 311734 1.00000 1 0 1722070 1722070 13066960 7488950 5578010 5783366 509463 5273903 13128579 8851491 4277088 2325831 1731094 594737 17445808 DEFERRED COMPENSATION 557069 TRANSITION SERVICES OBLIGATIONS 445482 DEFERRED GAIN ON SALE-LEASEBACK 916825 1919376 X 54127711 55585 118314 186025 359924 53767787 5326 5829 11155 53778942 50841827 118314 180196 298510 50543317 5326 5326 50548643 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, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EVENT EXPENSES 180,196. CHANGE IN BENEFICIAL INTEREST IN BECK TRUST 5,829. PART XI, LINE 4B - OTHER ADJUSTMENTS: VALUATION ADJUSTMENT 5,829. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EVENT EXPENSES 180,196. GOLF TOURNAMENT, ASHEVILLE 129993 5830 124163 150 5016 1000 39880 GALA 38528 15925 22603 100 51237 3 23468 4000 19468 100 63 27633 191989 25755 166234 150 5216 1063 118750 125179 41055 74804 5011 1000 49006 1 0.90000 74804 5011 1000 49006 55017 19787 AR 1 0 0 0 0.00000 1.00000 KSENIA RICHARDS DIRECTOR OF PHILAN 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 0 KNIGHTS OF COLUMBUS LITTLE ROCK AR 423 PROVIDED STATE-MANDATED BINGO CARDS AND PROVIDED BINGO CALLING SERVICES AS AN INDEPENDENT CONTRACTOR. X 0 1 HURRICANE MICHAEL RELIEF - TYNDALL 4 6063 SCHOLARSHIPS FOR HIGHER EDUCATION 13 7500 TUITION REIMBURSEMENT 1 3000 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. X 1 1 X X X X X 0 1 0 0 0 1 0 0 0 DANIEL KELLY CHIEF OPERATING OFFICER 215107 0 74347 0 20814 0 45991 0 24862 0 381121 0 13302 0 DAVID HAMPTON VP OF HUMAN RESOURCES 165186 0 41106 0 4481 0 27553 0 22670 0 260996 0 9347 0 DAVID HORTON PRESIDENT / CEO 329834 0 160582 0 7147 0 23028 0 14491 0 535082 0 26625 0 KENNETH EDWARDS VP OF CONSOLIDATED LOGISTI 162892 0 32439 0 914 0 26333 0 24862 0 247440 0 0 0 ROBERT BURGESS CHIEF FINANCIAL OFFICER 194013 0 54295 0 1934 0 33027 0 22670 0 305939 0 0 0 SILAS MARTIN VP BSC & IT 178615 0 34156 0 655 0 28248 0 22670 0 264344 0 0 0 DANIEL CARSON PROGRAM DIRECTOR OF CONSUM 135323 0 28648 0 1195 0 18625 0 0 0 183791 0 8763 0 JAMES JONES JR DIRECTOR OF TECHNICAL COMP 114095 0 23805 0 214 0 6269 0 10761 0 155144 0 0 0 RANDY BUCKNER DIRECTOR OF ASHEVILLE OPER 119044 0 30722 0 595 0 7343 0 18743 0 176447 0 5698 0 VASHUDA RANGAPATHY DIRECTOR OF IT & E-COMMERC 120890 0 18588 0 128 0 15928 0 23766 0 179300 0 0 0 PART I, LINE 1A QUESTION 1A: IFB PROVIDES A DRIVER FOR DANIEL KELLY, CHIEF OPERATING OFFICER, WHO IS BLIND. PART I, LINE 4B 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 2018. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II), AS APPLICABLE. DAVID HORTON ($154,990) DAVID HAMPTON ($38,134) DANIEL KELLY ($70,502) KENNETH EDWARDS ($29,467) ROBERT BURGESS ($50,799) SILAS MARTIN ($31,027) DANIEL CARSON ($26,224) RANDY BUCKNER ($28,484) VASUDHA RANGAPATHY ($16,322) 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 DIRECTOR PURCHASE COLISEUM BUILDING X 350000 295246 0 1 1 295246 SHIRLEY SHOUSE DIRECTOR 2236545 SEE PART V. 0 ERIK COBHAM DIRECTOR 2006469 SEE PART V. 0 SCHEDULE L, PART IV, COLUMN (D) SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF INTERESTED PERSON: SHIRLEY SHOUSE(D) DESCRIPTION OF TRANSACTION: EMPLOYMENT SERVICES PROVIDED BY A COMPANY OWNED BY THE 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, MILLIKEN - DIRECTOR OF BUSINESS DEVELOPMENT. 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 AND EXECUTIVE CHAIRMAN IS SET BY THE BOARD OF DIRECTORS. THE BOARD CONDUCTS ANNUAL PERFORMANCE EVALUATIONS OF THE PRESIDENT/CEO AND EXECUTIVE CHAIRMAN, 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 AND EXECUTIVE CHAIRMAN 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. ALSO, SUMMARIZED FINANCIAL INFORMATION IS INCLUDED IN THE ORGANIZATION'S ANNUAL REPORT. 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 -5,829. 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 0 1 0 0 0 0 IFB SOLUTIONS FOUNDATION INC O 60000 FAIR VALUE OF SERVICES RENDERED IFB SOLUTIONS FOUNDATION INC C 25000 FMV