Mission
THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH.
Public Charity
THE INDUSTRIAL COMMONS
THE INDUSTRIAL COMMONS is a Public Charity headquartered in MORGANTON, NC. Financial data from the 2024 filing: $8.7M revenue, $4.0M expenses, $35.4M total assets. 30 publicly reported grants to this organization, totaling roughly $4.7M, appear in IRS filings.
EIN: 472080338
MORGANTON, NC
Employment Preparation & Procurement
NTEE: J20
Latest filing: 2024
Total Revenue$8.7M
Total Expenses$4.0M
Total Assets$35.4M
Grant Records30
Funding Total$4.7M
Filing Years2020–2024
Where $100 goes at The Industrial Commons
How The Industrial Commons divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$79
Programs
the work itself
$14
Management
running the organization
$7
Fundraising
raising the next dollar
Inside the $79 for programs
$79
The Industrial Commons founds and grows interconnected enterprises that solve industrial problems for businesses and workers, and manufactures hope for the people of western north carolina.The Industrial Commons…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$1,030,000
General operating support
$633,000
EMPLOYMENT & FINANCIAL INCLUSION
$425,000
PUBLIC, SOCIETAL BENEFIT
$200,000
TO SUPPORT ARES REGIONAL CHALLENGE
$181,440
Showing up to 5 of 30 total records — full history available with membership.
Officers & Directors
CHAIRPERSON
Deborah Sigmon
SECRETARY/TREASURER
Erica Damman
VICE CHAIR
Kimberly Hunter
DIRECTOR/SECRETARY (THRU JUNE)
Lisa Miller
DIRECTOR
Marcelina Miguel
CO-EXECUTIVE DIRECTOR
Molly Hemstreet
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.7M | $4.0M | $35.4M |
| 2023 | $11.7M | $2.2M | $16.1M |
| 2022 | $2.6M | $2.4M | $6.8M |
| 2021 | $4.6M | $1.7M | $6.1M |
| 2020 | $3.5M | $1.4M | $3.6M |
Between 2020 and 2024, reported annual revenue grew from $3.5M to $8.7M (+150%), with total assets most recently reported at $35.4M.
Interactive year-over-year charts and full filing details available with membership.