The Industrial Commons

MORGANTON, NC EIN: 47-2080338 Website

THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$35.4M

+120.1% YoY

Annual Giving

$866K

Grant Count

6

Avg Grant Size

$144K

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$6M$10M$13M201920202021202220232024
Metric202420232022
Total Assets$35,394,219$16,084,125$6,820,044
Revenue$8,682,953$11,657,616$2,647,034
Expenses$4,017,046$2,236,647$2,390,165
Qualifying Distributions
Net Investment Income$461,934$291,977$8,791
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$217K$433K$650K$866K0 grants20190 grants20200 grants20210 grants20220 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

NORTH CAROLINA STATE UNI…$338KMANUFACTURING SOLUTIONS …$327KGASTON COLLEGE$89KMATERIAL RETURN$64KWESTERN PIEDMONT COMMUNI…$27KTHE COMMUNITY FOUNDATION…$20K

Grant Size Distribution

6 grants across all recorded years

2<$50K2$50–100K$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does The Industrial Commons fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MOLLY HEMSTREETCO-EXECUTIVE DIRECTOR$124KSARA CHESTERCO-EXECUTIVE DIRECTOR$108K

From 2024 filing

NameTitleHoursCompensation
MOLLY HEMSTREETCO-EXECUTIVE DIRECTOR40$124,125
DEBORAH SIGMONCHAIRPERSON1
KIMBERLY HUNTERVICE CHAIR1
SHARLEY MENDOZA PEREZDIRECTOR1
ERICA DAMMANSECRETARY/TREASURER1
RENEA CANIPEDIRECTOR (THRU AUGUST)1
LISA MILLERDIRECTOR/SECRETARY (THRU JUNE)1
MARCELINA MIGUELDIRECTOR1
SARA CHESTERCO-EXECUTIVE DIRECTOR40$107,925

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

ASHEVILLECONOVERDALLASMORGANTONRALEIGH

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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