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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Total Given
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Orange County Partnership for Young
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Total Given
$2.1M
North Carolina Baptist Hospital
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Assets
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The Anne Shuford Mcbryde
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Assets
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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