2014-08-14T09:37:41-05:00 2013-09-30 560747981 DIXON HUGHES GOODMAN LLP ONE WEST FOURTH STREET SUITE 700 WINSTONSALEM NC 27101 990 2012-10-01 566001467 WINSTON-SALEM INDUSTRIES FOR THE BLIND INC WINS 3367590551 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 DAVID HORTON 3367590551 2014-08-13 1 DAVID VOGLER P00187735 3367148100 2012 2015-11-30 17:44:51Z DAVID HORTON 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 105289094 0 X WWW.WSIFB.COM X 1936 NC TO TRAIN AND EMPLOY BLIND AND VISUALLY-IMPAIRED INDIVIDUALS. 23 22 829 63 -95149 -95149 863147 527977 0 0 -7477 -179232 28294217 25756576 29149887 26105321 42062 81936 0 0 16885881 16375523 0 0 249461 10232037 10272872 27159980 26730331 1989907 -625010 45410637 43983483 13888025 13042222 31522612 30941261 TO PROVIDE OPPORTUNITIES FOR PERSONS WHO ARE BLIND OR VISUALLY-IMPAIRED AND ARE IN NEED OF TRAINING, EMPLOYMENT AND SERVICES. 0 0 20962190 81936 25800675 OPERATION OF A QUALIFIED ABILITYONE AGENCY THAT PROVIDES TRAINING AND EMPLOYMENT 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 458 INDIVIDUALS WHO ARE BLIND AND THE GENERATION OF APPROXIMATELY 493,802 BLIND DIRECT LABOR HOURS AND 61,090 BLIND INDIRECT LABOR HOURS. 20962190 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 117 0 1 640 1 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X SAM D GEORGE JR CFO 3362455615 7730 NORTH POINT DRIVE WINSTONSALEM NC 27106 GREG ANDERSON 1.00 X 0 0 0 RUSTY DAVIS 1.00 X 0 0 0 KAREN CAREY 1.00 X 0 0 0 JOHN GOOGE 1.00 X 0 0 0 DAVID GOOGE 1.00 X 0 0 0 PATRICK GRANTHAM 1.00 X 0 0 0 LISA CALDWELL 1.00 X 0 0 0 HEATHER ROBINSON 1.00 X 0 0 0 COOK GRIFFIN 1.00 X 0 0 0 CHARLES PINE 1.00 X 0 0 0 ANN JOHNSTON 1.00 X 0 0 0 DR KERRY COLLINS 1.00 X 0 0 0 GILMOUR LAKE 1.00 X 0 0 0 JIM O'NEILL 1.00 X 0 0 0 RICHARD SIEG 1.00 X 0 0 0 MIKE FAIRCLOTH 1.00 X 0 0 0 KATHRYN GARNER 1.00 X 0 0 0 DAVID PLYLER 1.00 X 0 0 0 JOHN BRAIS 1.00 X 0 0 0 JEFF CLARK 1.00 X 0 0 0 BOB NEWELL 1.00 X 0 0 0 TODD LYNCH 1.00 X 0 0 0 CARVER RUDOLPH 1.00 X 0 0 0 JOHN WIGODSKY 1.00 X 0 0 0 DANIEL BOUCHER 40.00 X 409478 0 82779 DAVID HORTON 40.00 X 359988 0 80607 JEANNE WILKINSON 40.00 X 181585 0 35122 SAM D GEORGE JR 40.00 X 239340 0 53188 PAMELA MILLER 40.00 X 145829 0 40181 DANIEL KELLY 40.00 X 185495 0 46816 DAVID HAMPTON 40.00 X 159296 0 34363 WILLARD SPIVEY 40.00 X 75148 0 18187 JERRY O'HAGAN 40.00 X 208167 0 45133 RANDY BUCKNER 40.00 X 144833 0 39236 SILAS MARTIN 40.00 X 138450 0 25817 DAVID BARNWELL 40.00 X 128877 0 26634 DANIEL CARSON 40.00 X 137595 0 19223 WILLIAM COLANGELO 40.00 X 116011 0 2221 JESUS A MANGUAL 40.00 X 153417 0 0 2783509 0 549507 17 1 1 0 WINSTON PERSONNEL GROUP 253 EXECUTIVE PARK BLVD WINSTONSALEM NC 27113 TEMPORARY EMPLOYEES 1227492 THE OPPORTUNITIES GROUP INC 415 CLAREMONT AVE UNIT 4-C MONTCLAIR NJ 07042 SALES CONSULTING 1066743 SHELCO INC 5016 PARKWAY PLAZA BLVD STE 100 CHARLOTTE NC 28217 CONSTRUCTION SERVICES 660167 KELLY SERVICES INC PO BOX 530437 ATLANTA GA 303530437 TEMPORARY EMPLOYEES 540903 WILKES VOCATIONAL SERVICES 501 ELKIN HIGHWAY NORTH WILKESBORO NC 28659 TEMPORARY EMPLOYEES 457417 7 118375 152006 257596 34886 527977 32788 32788 4500 216520 -212020 -212020 -212020 104871931 78967253 25904678 25904678 UNREL. BUS. TAX REFUND 900099 32752 32752 MISCELLANEOUS INCOME 900099 18298 18298 PASS-THRU INCOME(LOSS) 900099 -199152 -104003 -95149 -148102 26105321 25800675 -95149 -128182 78436 78436 3500 3500 1057198 528599 528599 7188793 5904704 1083787 200302 6718791 6082989 596574 39228 1410741 1320871 79939 9931 148175 148175 85415 85415 475 475 2463684 2463684 128576 72947 55629 735240 629442 105798 322573 284721 37852 649759 519180 130579 35397 35397 3394331 3394331 1411409 1222535 188874 62620 55832 6788 TRUCK EXPENSES 137775 131263 6512 EMPLOYEE ACTIVITIES 135315 135315 UNIFORMS 48184 48184 DUES AND MEMBERSHIPS 30761 30761 483183 483183 26730331 20962190 5518680 249461 9130999 8650426 2618439 2650083 644618 245215 6032515 9979508 251553 238444 11250086 8576203 1363363 628534 23426496 11361698 13102814 12064798 1016250 950272 45410637 43983483 12476177 11460061 1411848 1280992 0 301169 13888025 13042222 X 31266521 30549775 59921 195316 196170 196170 31522612 30941261 45410637 43983483 -625010 43659 0 X X 0 1 X 1 0 X 234160 590447 1055929 863147 527977 3271660 100769704 115088903 133913149 116647870 104871931 571291557 101003864 115679350 134969078 117511017 105399908 574563217 575 34750 168041 1000 10806 215172 54288142 56559293 56749674 46846713 39159423 253603245 54288717 56594043 56917715 46847713 39170229 253818417 320744800 9984 11939 19206 5570 32788 79487 159656 362670 201392 723718 9984 171595 381876 206962 32788 803205 233809 340202 -45990 -346520 -85705 95796 101247657 116191147 135304964 117371459 105346991 575462218 0.55740 0.99770 0.00140 0.00140 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART III, SECTION B, LINE 12: SUPPORT REPORTED ON LINE 12 INCLUDES MISCELLANEOUS INCOME AND PASS-THRU INCOME/(LOSS). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 475 1 5491 0 5966 0 PART IV, SUPPLEMENTAL INFORMATION: PART II-B, LINE 1(G), DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: A CONSULTANT MADE DIRECT CONTACT WITH MEMBERS OF THE PUERTO RICO LEGISLATURE ON WSIFB'S BEHALF TO DISCUSS PUERTO RICAN LAWS PERTAINING TO THE BLIND AND VISUALLY-IMPAIRED POPULATION IN PUERTO RICO. PART II-B, LINE 1(H), RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: IN MAY 2013 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. 244283 25755 1888 268150 222850 23175 1742 244283 203706 9916 10885 1657 222850 177462 12446 15169 1371 203706 151643 23170 3679 1030 177462 1.00000 1 0 1711454 1711454 8911696 4362544 4549152 3018716 339053 2679663 8001043 5426277 2574766 1783587 1233824 549763 12064798 DEFERRED COMPENSATION 301169 301169 X 26398253 43659 37253 80912 26317341 -212020 -212020 26105321 26979604 37253 37253 26942351 -212020 -212020 26730331 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO PROVIDE A PERMANENT FUND WHICH MAY BE USED TO SUPPORT THE ONGOING NEEDS OF IFB. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IFB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, IFB QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). ALTHOUGH MANAGEMENT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT TO MAINTAIN ITS TAX-EXEMPT STATUS, THE FINANCIAL STATEMENTS REFLECT A PROVISION AND LIABILITY FOR FEDERAL AND STATE INCOME TAXES RESULTING FROM UNRELATED BUSINESS INCOME(LOSS) GENERATED BY THE OPERATIONS OF A COMPANY IN WHICH IFB HELD A 49% MEMBER INTEREST THROUGH JUNE 2013. EXCEPT FOR THE DISCLOSURE HEREIN, MANAGEMENT HAS DETERMINED THAT THERE ARE NO OTHER MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2013 AND 2012. FISCAL YEARS ENDING ON OR AFTER SEPTEMBER 30, 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS LOSS ON DISPOSAL OF FIXED ASSETS TO REVENUE -212,020. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS LOSS ON DISPOSAL OF FIXED ASSETS TO REVENUE -212,020. 1 NEW VIEW OKLAHOMA 501 NORTH DOUGLAS AVENUE OKLAHOMA CITY OK 73106 730592386 501(C)(3) 8301 COST PONCHO LINERS TORNADO RELIEF WAR MEMORIAL FOUNDATION 600 NORTH REGIONAL ROAD GREENSBORO NC 27409 262187703 501(C)(3) 15000 BRAILLE SIGNATE FOR WAR MEMORIAL PARK PUERTO RICO INDUSTRIES FOR THE BLIND 2010 JAIME RODRIGUEZ STREET MAYAGUEZ RQ 00682 660800062 45846 FMV SEWING EQUIPMENT DONATION TO A START-UP ORGANIZATION 2 1 SCHOLARSHIPS FOR HIGHER EDUCATION 2 2500 TUITION REIMBURSEMENT 1 1000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 POSTION 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 X 0 0 0 0 0 1 0 0 0 DANIEL BOUCHER 254751 0 135436 0 19291 0 68749 0 14030 0 492257 0 130725 0 DAVID HORTON 234660 0 124224 0 1104 0 63759 0 16848 0 440595 0 119700 0 JEANNE WILKINSON 123894 0 57139 0 552 0 27730 0 7392 0 216707 0 53125 0 SAM D GEORGE JR 153179 0 82351 0 3810 0 39662 0 13526 0 292528 0 77250 0 PAMELA MILLER 97902 0 47122 0 805 0 23880 0 16301 0 186010 0 43775 0 DANIEL KELLY 110461 0 63962 0 11072 0 30421 0 16395 0 232311 0 60000 0 DAVID HAMPTON 120092 0 38844 0 360 0 17956 0 16407 0 193659 0 35000 0 JERRY O'HAGAN 137994 0 68128 0 2045 0 37689 0 7444 0 253300 0 63607 0 RANDY BUCKNER 101225 0 43313 0 295 0 22899 0 16337 0 184069 0 39500 0 SILAS MARTIN 104103 0 34288 0 59 0 18606 0 7211 0 164267 0 31000 0 DAVID BARNWELL 95092 0 33605 0 180 0 10314 0 16320 0 155511 0 14000 0 DANIEL CARSON 134960 0 1973 0 662 0 18614 0 609 0 156818 0 0 0 JESUS A MANGUAL 0 0 83000 0 70417 0 0 0 0 0 153417 0 83000 0 PART I, LINE 1A PART I, LINE 1A: AN OFFICER OF IFB MAINTAINS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT PROVIDES MEETING AND DINING FACILITIES IN A PROFESSIONAL BUSINESS SETTING. THE OFFICER MAINTAINS THIS MEMBERSHIP PREDOMINATELY FOR THE PURPOSE OF ALLOWING ACCESS TO THE CLUB FACILITIES TO IFB TO CONDUCT BUSINESS AND PLANNING MEETINGS AT THE CLUB FACILITIES ATTENDED BY IFB EMPLOYEES, DIRECTORS, CUSTOMERS AND VENDORS. THIS ARRANGEMENT IS NECESSARY BECAUSE THE CLUB ONLY ACCEPTS INDIVIDUAL MEMBERS, AND NOT CORPORATE OR BUSINESS MEMBERS, AND THE CLUB IS THE ONLY ONE OF ITS KIND IN THE REASONABLY IMMEDIATE AREA. IFB PAYS THE MONTHLY CLUB DUES ON BEHALF OF THE OFFICER DIRECTLY TO THE CLUB AND IS SUBSEQUENTLY REIMBURSED BY THE OFFICER FOR ANY PORTION OF THE MONTHLY DUES OR CHARGES RELATED TO NON-BUSINESS USE. PART I, LINE 6 IFB MAINTAINS THE GAINSHARE INCENTIVE PROGRAM FOR THE BENEFIT OF ALL EMPLOYEES INCLUDING OFFICERS, KEY EMPLOYEES AND OTHER HIGHLY COMPENSATED EMPLOYEES. THIS INCENTIVE PROGRAM IS BASED ON THE ATTAINMENT OF OPERATING RESULTS FOR FINANCIAL METRICS/PERFORMANCE TARGETS THAT EXCEED THOSE TARGETS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS. DANIEL BOUCHER X 238444 238444 0 1 1 238444 DR KERRY COLLINS DIRECTOR 301811 SEE PART V. 0 SCHEDULE L, PART II, LOANS TO AND/OR FROM INTERESTED PERSONS: (A) NAME OF INTERESTED PERSON: DANIEL BOUCHER(A) PURPOSE OF LOAN: LIFE INSURANCE PREMIUMS.THE RELATED PARTY RECEIVABLE BETWEEN IFB AND DANIEL BOUCHER, AN OFFICER OF THE ORGANIZATION, IS RELATED TO A SPLIT-DOLLAR LIFE INSURANCE AGREEMENT WHEREBY DANIEL BOUCHER OWNS THE LIFE INSURANCE POLICY AND IFB PAYS THE PREMIUMS REQUIRED TO MAINTAIN THE POLICY. IN CONJUNCTION WITH THE AGREEMENT, DANIEL BOUCHER HAS EXECUTED A COLLATERAL ASSIGNMENT IN FAVOR OF IFB THAT SECURES THE REPAYMENT TO IFB OF THE AMOUNT OF PREMIUMS PAID ON THE POLICY. THE RECEIVABLE IS RECORDED AT THE PRESENT VALUE OF PREMIUMS PAID TO DATE BASED ON THE APPLICABLE RISK-FREE RATE OF RETURN AND THE LIFE EXPECTANCY OF THE OFFICER AS DETERMINED BY STANDARD MORTALITY TABLES.SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF INTERESTED PERSON: DR. KERRY COLLINS(D) DESCRIPTION OF TRANSACTION: MEDICAL CLINIC SERVICES PROVIDED BY A MEDICAL PRACTICE OWNED BY THE INTERESTED PERSON. X 682 FMV X 33014 FMV X 2 1191 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 A, LINE 2 JOHN GOOGE, MEMBER OF THE BOARD OF DIRECTORS, IS THE FATHER OF DAVID GOOGE, EX OFFICIO NON-VOTING MEMBER OF THE BOARD OF DIRECTORS. RICHARD SIEG, MEMBER OF THE BOARD OF DIRECTORS, IS THE SON-IN-LAW OF DAVID PLYLER, MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 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. FOLLOWING AUDIT COMMITTEE APPROVAL, A COPY OF THE FORM 990 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 EXECUTIVE DIRECTOR AND EXECUTIVE CHAIRMAN IS SET BY THE BOARD OF DIRECTORS. THE BOARD CONDUCTS ANNUAL PERFORMANCE EVALUATIONS OF THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR AND EXECUTIVE CHAIRMAN ON A YEARLY BASIS. FOR OTHER OFFICERS AND KEY EMPLOYEES, ANNUAL COMPENSATION IS SET BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR CONDUCTS AN ANNUAL PERFORMANCE EVALUATION FOR EACH OFFICER AND KEY EMPLOYEE, AND ALONG WITH THE RESULTS OF THE EVALUATION, THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR. 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 XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. A BRIGHTER PATH FOUNDATION 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 A BRIGHTER PATH FOUNDATION INC O 175200 FAIR VALUE OF SERVICES RENDERED A BRIGHTER PATH FOUNDATION INC C 118375 FMV