2025-11-13T10:45:20-06:00 2024-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-01-01 472080338 THE INDUSTRIAL COMMONS INDU 8286743141 PO BOX 71 MORGANTON NC 28680 DEBORAH SIGMON CHAIRPERSON 8286743141 2025-11-12 1 1 MITCH DAVIS CPA P01273382 6082744020 2025-11-12 2024 2025-03-06 01:10:19Z SARA CHESTER PO BOX 71 MORGANTON NC 28680 8727804 0 X THEINDUSTRIALCOMMONS.ORG X 2014 NC 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. 6 5 31 9 0 0 10971882 7817883 415646 423910 291977 461934 -21889 -20774 11657616 8682953 5280 880466 0 0 1404274 1722123 0 0 330081 827093 1414457 2236647 4017046 9420969 4665907 16084125 35394219 358333 15229338 15725792 20164881 THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH. 0 0 3099107 880466 396291 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 FULFILLS THEIR MISSION BY ENHANCING 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. 3099107 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 67 0 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X NAOMI HUNT 8284434043 647 HOPEWELL RD MORGANTOWN NC 28655 MOLLY HEMSTREET CO-EXECUTIVE DIRECTOR 40.00 X X 124125 0 0 DEBORAH SIGMON CHAIRPERSON 1.00 X X 0 0 0 KIMBERLY HUNTER VICE CHAIR 1.00 X X 0 0 0 SHARLEY MENDOZA PEREZ DIRECTOR 1.00 X 0 0 0 ERICA DAMMAN SECRETARY/TREASURER 1.00 X X 0 0 0 RENEA CANIPE DIRECTOR (THRU AUGUST) 1.00 X 0 0 0 LISA MILLER DIRECTOR/SECRETARY (THRU JUNE) 1.00 X X 0 0 0 MARCELINA MIGUEL DIRECTOR 1.00 X 0 0 0 SARA CHESTER CO-EXECUTIVE DIRECTOR 40.00 X 107925 0 5502 232050 0 5502 2 0 0 0 0 3104638 4713245 1050 7817883 FEES FOR SERVICES 541618 235302 235302 RENTAL INCOME 900099 184282 184282 MEMBERSHIP DUES & EVEN 900099 4326 4326 423910 461934 461934 17232 44851 -27619 -27619 6845 6845 6845 8682953 396291 0 468779 X 880466 880466 237552 143601 46441 47510 1261044 712156 345674 203214 109007 70970 23202 14835 114520 74559 24375 15586 42980 42980 61001 9844 51157 410740 409800 940 19480 18085 273 1122 209746 208809 329 608 926 926 383801 293046 64587 26168 86921 86394 57 470 53702 45222 3546 4934 90401 60311 18354 11736 11852 4593 4428 2831 42907 37345 5435 127 4017046 3099107 587858 330081 442616 351853 2536698 7331129 184965 1662815 59219 98647 54135 88759 264446 24470 43367 216969 11929755 305858 3620763 11623897 8264026 13635748 25000 0 588890 359932 16084125 35394219 115913 589777 0 10000000 242420 4639561 358333 15229338 X 6600516 10522627 9125276 9642254 15725792 20164881 16084125 35394219 X 4665907 -226818 X 0 1 X 1 1 1 X 2715115 4038089 2181163 10971882 7817883 27724132 2715115 4038089 2181163 10971882 7817883 27724132 10122525 17601607 5070 3436 8791 291977 461934 771208 28495340 6375397 0.61770 0.46900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4017046 4017046 350852 87713 0 0 269508 261832 350852 882192 1323288 67377 65458 87713 220548 330822 1672224 1672224 5849951 189 5849762 1389628 305669 1083959 3017952 3017952 11623897 MONEY MARKET FUNDS 13635748 F 13635748 REFUNDABLE GRANT ADVANCES 4639561 4639561 1 NORTH CAROLINA STATE UNIVERSITY CAMPUS BOX 7214 RALEIGH NC 27695 566000756 GOVERNMENT ENTITY 337761 0 GRANT SUBAWARDEE WESTERN PIEDMONT COMMUNITY COLLEGE 1001 BURKEMONT AVE MORGANTON NC 28655 560816544 GOVERNMENT ENTITY 27445 0 GRANT SUBAWARDEE MANUFACTURING SOLUTIONS CENTER 301 CONOVER STATION SE CONOVER NC 28613 560792028 327495 0 GRANT SUBAWARDEE GASTON COLLEGE 201 HIGHWAY 321 SOUTH DALLAS NC 28034 560792028 GOVERNMENT ENTITY 89224 0 GRANT SUBAWARDEE THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA 4 VANDERBILT PARK DR STE 300 ASHEVILLE NC 28803 561223384 501(C)(3) 20000 0 SCHOLARSHIP - HOMETOWN WALKABOUT TOURS MATERIAL RETURN 647 HOPEWELL RD MORGANTON NC 28655 883050851 64143 0 GENERAL SUPPORT 1 5 PART I, LINE 2: EACH ENTITY IS REQUIRED TO SUBMIT RECEIPTS TO SUPPORT EXPENSES. THE RECEIPTS ARE CHECKED AGAINST THE GRANT AGREEMENT AND BUDGET TO ENSURE THE EXPENES ARE ALLOWABLE, ALLOCABLE AND REASONABLE. AFTERWARDS, EXPENSES ARE ALLOCATED TO THE APPROPRIATE GRANT PROJECT IN THE ACCOUNTING SOFTWARE. ADDITIONALLY, EXPENSES ARE REVIEWED AND APPROVED BY THE CHECK SIGNERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT OF THE 990 TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING AND GIVE THREE BUSINESS DAYS FOR A RESPONSE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD IS REQUIRED TO REVIEW FOR CONFLICTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE CO-EXECUTIVE DIRECTORS. THE CO-EXECUTIVE DIRECTORS COMPENSATIONS ARE REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. THE BOARD APPROVES COMPENSATION FOR THE CO-EXECUTIVE DIRECTORS WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G TECHNICAL ASSISTANCE/CONTRACTS: PROGRAM SERVICE EXPENSES 403,240. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 940. TOTAL EXPENSES 404,180. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,560. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,560. FORM 990, PART XI, LINE 9: WRITE OFF OBSOLETE INVENTORY -226,818. CAROLINA TEXTILE DISTRICT LLC PO BOX 71 MORGANTON NC 28680 463031029 VALUES-ALIGNED TEXTILE MANUFACTURER NC 110205 416970 THE INDUSTRIAL COMMONS CAPITAL FOR THE COMMONS LLC PO BOX 71 MORGANTON NC 28680 852785731 LOAN FUND FOR STARTUP BUSINESS NC 4499 393263 THE INDUSTRIAL COMMONS THE INDUSTRIAL COMMONS CORPS PO BOX 71 MORGANTON NC 28680 883050851 HOLDING COMPANY DE THE INDUSTRIAL COMMONS C 441907 402702 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 THE INDUSTRIAL COMMONS CORPS B 64143 BOOK VALUE