NonprofitsIndustrial Commons

Community Improvement & Capacity Building

Industrial Commons

MORGANTON, NC

Total revenue

$8.7M

Total expenses

$4.0M

Net assets

$20.2M

Grants received

$16.3M

72 grants

EIN

472080338

Tax year

2024

Mission

To create long-term economic and societal benefits in rural western north carolina and neighboring regions by lessening the burdens of government and developing public assets that enhance the retention and creation of small to mid-size manufacturing firms and meaningful, gainful employment; by providing economic, business and vocational education services to workers and business owners; and by sustainably enhancing the economic well-being of all members of a community.

Financials

FY 2024

Revenue

Contributions & grants$7.8M
Program service revenue$424K
Investment income$462K
Other revenue
Total revenue$8.7M

Expenses

Grants paid$880K
Salaries & benefits$1.7M
Fundraising$330K
Other expenses$1.4M
Total expenses$4.0M
Total assets$35.4M
Net assets$20.2M

People

9 listed

NameRoleCompensation

MOLLY HEMSTREET

CO-EXECUTIVE DIRECTOR

Board

$124K

40 hrs/wk

SARA CHESTER

CO-EXECUTIVE DIRECTOR

Board

$108K

40 hrs/wk

KIMBERLY HUNTER

VICE CHAIR

Board

1 hrs/wk

SHARLEY MENDOZA PEREZ

DIRECTOR

Board

1 hrs/wk

ERICA DAMMAN

SECRETARY/TREASURER

Board

1 hrs/wk

RENEA CANIPE

DIRECTOR (THRU AUGUST)

Board

1 hrs/wk

LISA MILLER

DIRECTOR/SECRETARY (THRU JUNE)

Board

1 hrs/wk

MARCELINA MIGUEL

DIRECTOR

Board

1 hrs/wk

DEBORAH SIGMON

CHAIRPERSON

Board

1 hrs/wk

Grants received

Showing 72 of 72

FromAmountPurposeYear
$1.0M
GENERAL SUPPORT
2024
$633K
General operating support
2024
$425K
EMPLOYMENT & FINANCIAL INCLUSION
2024
$350K
GENERAL OPERATING SUPPORT
2024
$350K
GREENING THE TEXTILE SECTOR LEADING ECONOMIC IMPACT AND CHANGE
2024
$110K
SALARY AND BENEFITS ART DIRECTOR AND ACCELERATOR
2024
$100K
OUT-OF-SCHOOL ARTS EDUCATION ACCESS AND EQUIPMENT EXPANSION FOR BURKE COUNTY STUDENTS.
2024
$75K
COMMUNITY IMPROVEMENT
2024
$50K
GENERAL PURPOSES
2024
$31K
Community Development
2024
$30K
Training
2024
$25K
Digital Inventory System, Implementation Supporting Textile Circularity
2024
$13K
DISCRETIONARY STAFF CARE AND SUPPORT FOLLOWING HURRICANE HELENE.
2024
$3K
PHILANTHROPIC
2024
$8M
Innovation Campus
2023
$395K
Building, growing and sustaining The Industrial Commons ecosystem fund
2023
$330K
WORK IN BURKE: ECONOMIC TRANSFORMATION FOR OPPORTUNITY YOUTH
2023
$250K
TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2023
$174K
TO SUPPORT ARES REGIONAL CHALLENGE
2023
$106K
AMBITIOUS PROGRAM
2023
$100K
GENERAL SUPPORT
2023
$84K
General operating support
2023
$80K
GENERAL PURPOSES
2023
$75K
THROUGH FNL: TO ENHANCE THE RENTENTION AND CREATION OF MANUFACTURING FIRMS AND GAINFUL EMPLOYMENT
2023
$40K
ORGANIZATIONAL DEVELOPMENT SUPPORT FOR THE INDUSTRIAL COMMONS.
2023
$40K
PUBLIC, SOCIETAL BENEFIT
2023
$33K
TO SUPPORT INDUSTRIAL SEWING TRAINING PROGRAM TO SUPPLY SKILLED LABOR TO LOCAL COOPERATIVES TO MEET THE GROWING DEMAND IN TEXTILE MANUFACTURING.
2023
$30K
GENERAL OPERATING
2023
$25K
The Circular Collaborative
2023
$25K
TOSS (THE OLD SCHOOL STUDIO)
2023
$25K
GENERAL OPERATING
2023
$21K
BUILDING COMMUNITY & ECONOMIC VITALITY
2023
$20K
ACCELERATING COMMON ECONOMIES INSTITUTE
2023
$20K
THIS GRANT SUPPORTS LOCAL WALKING TOURS IN BURKE COUNTY LED BY LOCAL RESIDENTS WHICH HIGHLIGHT THE UNIQUE COMMUNITIES WITHIN THE COUNTY TO BUILD TRUST AND CONNECTION.
2023
$5K
CREATING INCLUSIVE QUALITY GREEN JOBS IN A SOUTHERN RURAL REGION
2023
$5K
PHILANTHROPIC
2023
$4K
GENERAL OPERATING SUPPORT
2023
$4K
GRANT WRITER ASSISTANCE.
2023
$491K
THIS GRANT WILL SUPPORT THE INDUSTRIAL COMMONS IN THEIR EFFORTS TO PROVIDE ACCESS TO CAPITAL TO UNDER-FUELED ENTREPRENEURS BY FUNDING THE EXPANSION OF THEIR LOAN FUND PROGRAM.
2022
$470K
GENERAL SUPPORT
2022
$295K
Building, growing and sustaining The Industrial Commons ecosystem
2022
$76K
PUBLIC, SOCIETAL BENEFIT
2022
$40K
WES ASSEFA FUND PROJECT
2022
$30K
THESE FUNDS WILL BE USED TO ENGAGE THE ASSISTANCE OF DAN GERLACH TO HELP CHART THE COURSE OF THE INDUSTRIAL COMMONS PROJECT AND GAIN PHILANTHROPIC CONNECTIONS.
2022
$30K
FOR CAPACITY BUILDING AND BUSINESS GROWTH
2022
$30K
GENERAL OPERATING
2022
$25K
Material Return - Custom Circularity
2022
$25K
IMPACT GRANT - ACTIVE
2022
$15K
For grant recipient's exempt purposes
2022
$6K
VIBRANT ECONOMIES
2022
$5K
PHILANTHROPIC
2022
$4K
IF WE ARE TO RECEIVE FUNDING FROM THE NATIONAL ENDOWMENT FOR THE ARTS (NEA), OUR AIM WOULD BE TO RECORD AND PRESERVE THIS CHRONICLE OF SOUTHERN LIFE AND OUR COMPLEX CULTURE THROUGH ORAL HISTORY COLLECTION THAT WOULD GIVE VOICE PARTICULARLY TO HISTORICALLY OVERLOOKED COMMUNITIES, INCLUDING THE BIPOC, LGBTQ+, AND NATIVE AMERICAN COMMUNITIES.
2022
$3K
General & Unrestricted
2022
$25K
PUBLIC, SOCIETAL BENEFIT
2021
$25K
Programs which provide economic opportunities for women.
2021
$10K
INNOVATION AWARD
2021
$5K
PHILANTHROPIC
2021
$500K
SEE PART IV
2020
$250K
COVID- response fund and PPE manufacturing
2020
$200K
Just Markets Initiative - Worker Wear Line program
2020
$106K
CONNECTING CULTURAL HERITAGE, YOUTH RETENTION, AND ECONOMIC REVIVAL, THE INDUSTRIAL COMMONS HELPS SMALL TO MID-SIZE MANUFACTURERS CONVERT TO WORKER-OWNERSHIP.
2020
$100K
to provide general support
2020
$40K
WORKING CAPITAL OPERATIONS
2020
$10K
GENERAL OPERATING SUPPORT
2020
$5K
ENCOURAGE PURSUITOF EMPLOYEEOWNED BUSINESSES
2020
$1K
Operations budget assistance
2020
$10K
ENCOURAGE PURSUITOF EMPLOYEEOWNED BUSINESSES
2019

Funded by

$16.3M from 38 funders · 72 grants · 2019–2024

The Kendeda Fund

$9.1M · 6 grants · 2020–2023

Impactassetsinc

$1.6M · 3 grants · 2022–2024

Dogwood Health Trust

$1.0M · 8 grants · 2022–2024

Amalgamated Charitable Foundation Inc

$717K · 2 grants · 2023–2024

Rockefeller Philanthropy Advisors Inc

$525K · 2 grants · 2023–2024

The Golden Leaf Inc

$500K · 1 grant · 2020

Gitlab Foundation

$350K · 1 grant · 2024

Marguerite Casey Foundation

$350K · 1 grant · 2024

Details

EIN472080338
NTEE codeS31
Subsection03
Ruling date2015-04
Formed2014
Employees31
Volunteers9
INDUSTRIAL COMMONS — Mission, Financials & Grants Received | Grantivo