The Industrial Commons
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 · View filing
Total Assets
$35.4M
+120.1% YoY
Annual Giving
$866K
Grant Count
6
Avg Grant Size
$144K
About The Industrial Commons
Based on IRS filings
The Industrial Commons is a nonprofit organization focused on Community Improvement & Capacity Building, based in MORGANTON, NC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $35.4M in total assets. In 2024, it awarded 6 grants totaling $866K. Net investment income was $462K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Open Grants
1 open opportunity from The Industrial Commons
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Carolina State University ($337,761), Manufacturing Solutions Center ($327,495), Gaston College ($89,224).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | GRANT SUBAWARDEE | $337,761 |
| WESTERN PIEDMONT COMMUNITY COLLEGE MORGANTON, NC | GRANT SUBAWARDEE | $27,445 |
| MANUFACTURING SOLUTIONS CENTER CONOVER, NC | GRANT SUBAWARDEE | $327,495 |
| GASTON COLLEGE DALLAS, NC | GRANT SUBAWARDEE | $89,224 |
| THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA ASHEVILLE, NC | SCHOLARSHIP - HOMETOWN WALKABOUT TOURS | $20,000 |
| MATERIAL RETURN MORGANTON, NC | GENERAL SUPPORT | $64,143 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MOLLY HEMSTREET | CO-EXECUTIVE DIRECTOR | 40 | $124,125 |
| DEBORAH SIGMON | CHAIRPERSON | 1 | — |
| KIMBERLY HUNTER | VICE CHAIR | 1 | — |
| SHARLEY MENDOZA PEREZ | DIRECTOR | 1 | — |
| ERICA DAMMAN | SECRETARY/TREASURER | 1 | — |
| RENEA CANIPE | DIRECTOR (THRU AUGUST) | 1 | — |
| LISA MILLER | DIRECTOR/SECRETARY (THRU JUNE) | 1 | — |
| MARCELINA MIGUEL | DIRECTOR | 1 | — |
| SARA CHESTER | CO-EXECUTIVE DIRECTOR | 40 | $107,925 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Industrial Commons?
The Industrial Commons is a nonprofit organization focused on Community Improvement & Capacity Building, based in MORGANTON, NC. It holds $35.4M in total assets as of 2024.
How large is The Industrial Commons?
As of 2024, The Industrial Commons holds $35.4M in total assets with $8.7M in annual revenue. It awarded 6 grants totaling $866K in 2024.
Where does The Industrial Commons operate?
The Industrial Commons has awarded grants in North Carolina.
What size grants does The Industrial Commons award?
In 2024, The Industrial Commons awarded 6 grants totaling $866K — an average of about $144K per grant, based on its IRS Form 990 filings.
What is The Industrial Commons's EIN?
The Industrial Commons's EIN (Employer Identification Number) is 47-2080338. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Industrial Commons's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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