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Nonprofiteer
← THE INDUSTRIAL COMMONS

Form 990 for tax year 2024

Filed by THE INDUSTRIAL COMMONS.

Totals

Total revenue
$8,682,953
Total expenses
$4,017,046
Contributions and grants received
$7,817,883
Grants paid
$880,466
Program service revenue
$423,910
Investment income
$461,934
Other revenue
-$20,774
Total assets, end of year
$35,394,219
Total liabilities, end of year
$15,229,338
Net assets or fund balances, end of year
$20,164,881
Program services expenses (Part IX)
$3,099,107
Management and general expenses
$587,858
Fundraising expenses
$330,081
Program service expenses (Part III)
$3,099,107

Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MOLLY HEMSTREET

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $124,125
    From this org
    $124,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DEBORAH SIGMON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY HUNTER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHARLEY MENDOZA PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA DAMMAN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RENEA CANIPE

    DIRECTOR (THRU AUGUST)

    Total calculated
    $0
    Hours/week
    1

  • LISA MILLER

    DIRECTOR/SECRETARY (THRU JUNE)

    Total calculated
    $0
    Hours/week
    1

  • MARCELINA MIGUEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA CHESTER

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $113,427
    From this org
    $107,925
    From related orgs
    $0
    Other
    $5,502
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CAROLINA TEXTILE DISTRICT LLC

    VALUES-ALIGNED TEXTILE MANUFACTURER · NC · income $110,205 · assets $416,970

    Directly controlled by THE INDUSTRIAL COMMONS

  • CAPITAL FOR THE COMMONS LLC

    LOAN FUND FOR STARTUP BUSINESS · NC · income $4,499 · assets $393,263

    Directly controlled by THE INDUSTRIAL COMMONS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE INDUSTRIAL COMMONS CORPS

    C · HOLDING COMPANY · DE · 100% owned · share of income $441,907 · share of assets $402,702 · controlled entity

    Directly controlled by THE INDUSTRIAL COMMONS

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533179349304358

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