Rlcb INC FY2021 filing

Raleigh, NCUnknown exempt organization EIN 56-0884337Revenue $192K in FY2021Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSrlcb.netRaleigh, NC

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To provide assessment, training, and job placement services to individuals who are blind or visually impaired, empowering them to access the vocational setting of their choice and to achieve economic and personal independence through employment.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-0884337) · Dispute this line
26¢ of each $1 spent went to programs.
$225K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $332K a year · 77% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
26%
of spending
26% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$225K
to officers and key staff · 51% of spending
Pay to officers and key staff is 51% of spending.
Part VII, Section A
11.7 mo
of spending, in cash
Plus $3.7M in investments, Pt X · Ln 11–13
11.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$93K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$192K
-81% vs prior year
Spent
$440K
To programs
26%
Net assets
$4.7M
By yearFY2020–FY2023
Revenue
$192K
FY2021▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$192K
FY2022$107K
FY2023$6K
Expenses
$440K
FY2021▼ -70%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$440K
FY2022$401K
FY2023Not on file
Net assets
$4.7M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.7M
FY2022$3.8M
FY2023$0

From the FY2021 Form 990 (year ending September 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $114K Management & general 74% · $326K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $225K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President/CEO
$189,988Pt VII · Sec A
$34,650Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Janet Griffey$71,000$193,626$189,988$233,621
Gerald Whaley——$34,650$178,583
Chris Huff—$137,727——
Len Srala———$109,346

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Rlcb INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps blind and visually impaired people find jobs through training and placement.

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1 program · $114K · in their own filed words · FY2020
01

Provided job training, through workshop employment opportunities, to over 100 clients. The purpose of the workshop is to develop the talents of the blind clients so that they may move out into the business world and be gainfully employed.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-0884337) · Dispute this line
$114Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$26

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$192K
Ln 12
Gifts and grantsLn 1h$90K
Investment incomeLn 3$67K
Other incomeLn 4–11$35K
Money outPt IX
$440K
Ln 25
Programscol B$114K
Managementcol C$326K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$430K
Total assetsLn 16$4.7M
LiabilitiesLn 26$93K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Investment incomeLn 3$67K
Other incomeLn 4–11$35K
Gains on assetsLn 7$20K
Total revenueLn 12$192K
Assets in detailPt X, end of year
SavingsLn 2$430K
Cash and savings togetherLn 1–2$430K
Accounts receivableLn 4$37K
InvestmentsLn 11–13$3.7M
Other assetsLn 15$550K
Total assetsLn 16$4.7M
LiabilitiesLn 26$93K
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 566
VolunteersI 614
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$696K$430K
InvestmentsLn 11–13$3.1M$3.7M
Total assetsLn 16$4.4M$4.7M
LiabilitiesLn 26$0$93K
Net assetsLn 32$4.4M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$199K$62K$138K
Other salaries and wagesLn 7$125K$39K$86K
Pension plan contributionsLn 8$9K$9K
Payroll taxesLn 10$21K$6K$14K
Management feesLn 11a$2K$2K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$26K$26K
Office expensesLn 13$156$156
Information technologyLn 14$16K$16K
OccupancyLn 16$4K$4K
TravelLn 17$52$52
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$10K$7K$3K
Total functional expensesLn 25$440K$114K$326K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Feb 15, 2024 $6K$0 990 PDF
FY2022Filed with the IRS May 31, 2023 $107K$401K−$293K$3.8M 990 PDF
FY2021 ViewingFiled with the IRS Aug 9, 2022 $192K$440K−$248K$4.7M 990 PDF
FY2020Filed with the IRS Jul 21, 2021 $1.0M$1.5M−$455K$4.4M 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $191,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,037$90,042
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $345,338$87,012
I-11 Other revenuePrior year $557,298$14,797
I-12 Total revenuePrior year $1,002,673$191,851
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,091,047$353,978
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $366,317$85,904
I-18 Total expensesPrior year $1,457,364$439,882
I-19 Revenue less expensesPrior year −$454,691−$248,031
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $191,851 across 5 lines filed
Lines not itemized here account for $14,797 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$90,042
VIII-1h Total contributions, gifts and grants$90,042
VIII-3 Investment incomeExcluded from tax $67,092$67,092
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,920$19,920
VIII-12 Total revenueRelated to mission $14,797 · Unrelated business $0 · Excluded from tax $87,012$191,851
Part IX · Statement of functional expenses $439,882 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $61,819 · Management $137,596$199,415
IX-7 Other salaries and wagesPrograms $38,630 · Management $85,982$124,612
IX-8 Pension plan contributionsManagement $9,223$9,223
IX-10 Payroll taxesPrograms $6,426 · Management $14,302$20,728
IX-11a Management feesManagement $1,808$1,808
IX-11b Legal feesManagement $9,482$9,482
IX-11c Accounting feesManagement $12,093$12,093
IX-11f Investment management feesManagement $25,644$25,644
IX-13 Office expensesManagement $156$156
IX-14 Information technologyManagement $16,380$16,380
IX-16 OccupancyManagement $4,352$4,352
IX-17 TravelManagement $52$52
IX-23 InsuranceManagement $6,085$6,085
IX-24 Other expenses (24a–d)Programs $6,921 · Management $2,931$9,852
IX-25 Total functional expensesPrograms $113,796 · Management $326,086 · Fundraising $0$439,882
Part X · Balance sheet $4,748,223 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $695,908$430,422
X-4 Accounts receivable$36,777
X-11 Publicly traded securitiesStart of year $3,136,932$3,730,562
X-15 Other assetsStart of year $551,401$550,462
X-16 Total assetsStart of year $4,384,241$4,748,223
X-17 Accounts payable and accrued expensesStart of year $0$92,678
X-26 Total liabilitiesStart of year $0$92,678
X-27 Net assets without donor restrictionsStart of year $4,384,241$4,655,545
X-32 Total net assets or fund balancesStart of year $4,384,241$4,655,545
X-33 Total liabilities and net assetsStart of year $4,384,241$4,748,223
Part XI · Reconciliation of net assets $4,655,545 net assets at year end
XI-1 Total revenue$191,851
XI-2 Total expenses$439,882
XI-3 Revenue less expenses−$248,031
XI-4 Net assets at start of year$4,384,241
XI-5 Net unrealized gains (losses) on investments$519,335
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,655,545

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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