2022-08-08T08:58:12-05:00 2021-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2021-01-01 472080338 THE INDUSTRIAL COMMONS INDU 8284434043 PO BOX 71 MORGANTON NC 28680 ALAN CLARK CHAIRMAN 8284434043 2022-08-05 1 ALAN CLARK 999009999 BRUCE MAYER CPA P00187180 6082744020 2022-08-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SARA CHESTER PO BOX 71 MORGANTON NC 28680 5185081 0 X THEINDUSTRIALCOMMONS.ORG X 2014 NC TO CREATE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS IN RURAL WESTERN NORTH CAROLINA AND NEIGHBORING REGIONS BY LESSENING THE BURDENS OF GOVERNMENT AND DEVELOPING PUBLIC ASSETS THAT ENHANCE THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY. 6 4 14 8 0 0 2715115 4038089 105052 217692 5070 3436 647432 299336 3472669 4558553 139163 5765 0 0 678968 836217 0 0 86500 540214 903445 1358345 1745427 2114324 2813126 3601215 6060975 410271 56905 3190944 6004070 AT THE INDUSTRIAL COMMONS OUR MISSION IS TO BUILD A NEW SOUTHERN WORKING CLASS THAT BREAKS GENERATIONAL POVERTY BY GROWING EMPLOYEE-OWNED SOCIAL ENTERPRISES AND INDUSTRIAL COOPERATIVES, AND SUPPORTING FRONTLINE WORKERS TO BUILD AN ECONOMY FOR ALL. 0 0 1414437 5765 510970 THE INDUSTRIAL COMMONS FOUNDS AND GROWS INTERCONNECTED ENTERPRISES THAT SOLVE INDUSTRIAL PROBLEMS FOR BUSINESSES AND WORKERS AND MANUFACTURES HOPE FOR THE PEOPLE OF WESTERN NORTH CAROLINA.THE INDUSTRIAL COMMONS FULFILLS THEIR MISSION BY ENHANCING THE RETENTION AND CREATION OF SMALL TO MID-SIZE MANUFACTURING FIRMS AND MEANINGFUL, GAINFUL EMPLOYMENT; BY PROVIDING ECONOMIC, BUSINESS AND VOCATIONAL EDUCATION SERVICES TO WORKERS AND BUSINESS OWNERS; AND BY SUSTAINABLY ENHANCING THE ECONOMIC WELL-BEING OF ALL MEMBERS OF A COMMUNITY. 1414437 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 19 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X NAOMI HUNT 8284434043 PO BOX 71 MORGANTON NC 28680 ALAN CLARK CHAIRMAN 1.00 X X 0 0 0 ALAN WOOD VICE CHAIRMAN 1.00 X X 0 0 0 DEBBIE SIGMON SECRETARY/TREASURER 1.00 X X 0 0 0 BOBBY CARSWELL DIRECTOR 40.00 X 54865 0 4711 KIMBERLY HUNTER DIRECTOR 1.00 X 0 0 0 SHARLEY MENDOZA PEREZ DIRECTOR 40.00 X 44273 0 4050 MOLLY HEMSTREET CO-EXECUTIVE DIRECTOR 40.00 X 75244 0 0 SARA CHESTER CO-EXECUTIVE DIRECTOR 40.00 X 61072 0 4846 235454 0 13607 0 0 0 0 0 963805 3074284 4038089 FEES FOR SERVICES 541618 211359 211359 MEMBERSHIP DUES 900099 6333 6333 217692 3436 3436 919806 626528 293278 293278 6058 6058 6058 4558553 510970 0 9494 X 700 700 5065 5065 249062 153574 61860 33628 498166 412041 60467 25658 30593 23662 4851 2080 58396 44241 9548 4607 15890 15890 225550 179816 45734 106060 106060 68633 67399 383 851 306940 256260 34185 16495 18096 18096 27864 27864 50219 40445 6593 3181 27812 23879 3933 56381 55335 1046 1745427 1414437 244490 86500 68365 100396 1741616 1644693 175000 998688 32743 112326 80000 79000 572183 819963 23476 29685 2340926 64702 907832 2276224 3601215 6060975 410271 56905 410271 56905 X 1485454 3955034 1705490 2049036 3190944 6004070 3601215 6060975 2813126 0 X 0 1 X 1 0 X 82099 1263670 673329 2715115 4038089 8772302 82099 1263670 673329 2715115 4038089 8772302 3415082 5357220 6196 5070 3436 14702 8787004 4279887 0.60970 0.51280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1263174 1263174 1077752 64702 1013050 2276224 1 SCHOLARSHIPS 2 5065 PART I, LINE 2: ONCE THE SCHOLARSHIPS WERE DISBURSED, THE ORGANIZATION DID NOT HAVE ANY PROCEDURES FOR MONITORING THE USE OF THE SCHOLARSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT OF THE 990 TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING AND GIVE THREE BUSINESS DAYS FOR A RESPONSE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD IS REQUIRED TO REVIEW FOR CONFLICTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE CO-EXECUTIVE DIRECTORS. THE CO-EXECUTIVE DIRECTORS COMPENSATIONS ARE REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. THE BOARD APPROVES COMPENSATION FOR THE CO-EXECUTIVE DIRECTORS WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 59,025. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,025. TECHNICAL ASSISTANCE/PARTNERSHIPS: PROGRAM SERVICE EXPENSES 119,751. MANAGEMENT AND GENERAL EXPENSES 45,734. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,485. PEST CONTROL: PROGRAM SERVICE EXPENSES 1,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,040. 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