- Revenue 2024
- $8,682,953
- Expenses 2024
- $4,017,046
Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- J20
- Classification
- 1200
- Street
- PO BOX 71
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $8,682,953
- Expenses
- $4,017,046
- Contributions
- $7,817,883
- Grants paid
- $880,466
-
2023
- Revenue
- $11,657,616
- Expenses
- $2,236,647
- Contributions
- $10,971,882
- Grants paid
- $5,280
-
2022
- Revenue
- $2,647,034
- Expenses
- $2,390,165
- Contributions
- $2,181,163
- Grants paid
- $282,725
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Form 990-N e-Postcard, tax year 2016
- Tax period
- 1 January 2016 to 31 December 2016
- Principal officer
- Sara Chester
- Mailing address
- PO Box 71Morganton NC 28680
- Website
- www.theindustrialcommons.org
As filed, from the IRS e-Postcard file of 12 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
-
NORTH CAROLINA STATE UNIVERSITY
$337,761
2024 GRANT SUBAWARDEE
-
MANUFACTURING SOLUTIONS CENTER
$327,495
2024 GRANT SUBAWARDEE
-
$89,224
2024 GRANT SUBAWARDEE
-
$64,143
2024 GENERAL SUPPORT
-
2024 GRANT SUBAWARDEE
-
2024 SCHOLARSHIP - HOMETOWN WALKABOUT TOURS
-
2022 GENERAL PURPOSE/TO SUPPORT MISSION
Grants received
-
$1,030,000
2024 GENERAL SUPPORT
-
$633,000
2024 General operating support
-
$470,000
2022 GENERAL SUPPORT
-
2024 EMPLOYMENT & FINANCIAL INCLUSION
-
$200,000
2024 PUBLIC, SOCIETAL BENEFIT
-
2023 GENERAL SUPPORT
-
$181,440
2024 TO SUPPORT ARES REGIONAL CHALLENGE
-
$173,560
2023 TO SUPPORT ARES REGIONAL CHALLENGE
-
THE CENTER FOR CULTURAL INNOVATION
$106,000
2023 AMBITIOUS PROGRAM
-
2023 GENERAL
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2024 return
-
VALUES-ALIGNED TEXTILE MANUFACTURER · NC · income $110,205 · assets $416,970
-
LOAN FUND FOR STARTUP BUSINESS · NC · income $4,499 · assets $393,263
Related corporations and trusts on its 2024 return
-
C · HOLDING COMPANY · DE · 100% owned · share of income $441,907 · share of assets $402,702 · controlled entity
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 10 September 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The IRS Business Master File ingested 5 October 2026, which is when the registration facts above were last refreshed for every organization. Returns through tax year 2024, the newest we have parsed for this organization.