2021-09-13T10:24:32-05:00 2020-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2020-01-01 472080338 THE INDUSTRIAL COMMONS INDU 8286743141 PO BOX 71 MORGANTON NC 28680 ALAN CLARK CHAIRMAN 8286743141 2021-09-10 1 ALAN CLARK 999009999 BRUCE MAYER CPA P00187180 6082744020 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SARA CHESTER PO BOX 71 MORGANTON NC 28680 5585173 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. 5 4 14 7 0 0 673329 2715115 130664 105052 6196 5070 -6393 647432 803796 3472669 0 139163 0 0 475571 678968 0 0 48018 540541 540214 1016112 1358345 -212316 2114324 1107828 3601215 31208 410271 1076620 3190944 THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH. 0 0 1134266 139163 750955 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. 1134266 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 8 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X SHARLEY MENDOZA 8286743141 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 53222 0 4830 KIMBERLY HUNTER DIRECTOR 1.00 X 0 0 0 MOLLY HEMSTREET CO-EXECUTIVE DIRECTOR 40.00 X 73395 0 0 SARA CHESTER CO-EXECUTIVE DIRECTOR 40.00 X 58441 0 5786 185058 0 10616 0 0 0 0 SHARLEY AND CO 816 E UNION ST MORGANTON NC 28655 PRODUCT MANUFACTURING 231881 QUINTER TEXTILE GROUP 3600 S TYRON ST CHARLOTTE NC 28217 PRODUCT MANUFACTURING 128991 DIAMOND BRAND GEAR 145 CANE CREEK INDUSTRIAL PARK RD FLETCHER NC 28732 PRODUCT MANUFACTURING 122536 OPPORTUNITY THREADS 617 CARBON CITY RD MORGANTON NC 28655 PRODUCT MANUFACTURING 113610 PARKER MEDICAL 2400 DISTRIBUTION ST CHARLOTTE NC 28203 PRODUCT MANUFACTURING 111662 6 330000 2385115 250000 2715115 FEES FOR SERVICES 541618 102519 102519 MEMBERSHIP DUES 900099 2533 2533 105052 5070 5070 2758407 2112504 645903 645903 1529 1529 1529 3472669 750955 0 6599 X 139163 139163 194924 113727 64595 16602 415944 348044 45038 22862 19547 14776 3508 1263 48553 36702 8714 3137 15425 15425 208043 208043 45373 44259 889 225 35457 31513 3359 585 97444 85739 8607 3098 57490 43843 13647 36463 35299 1164 11111 10182 683 246 10367 6117 4250 23041 16859 6182 1358345 1134266 176061 48018 291878 68365 581196 1741616 120000 175000 29434 112743 21201 572183 1224 23476 922315 14483 62895 907832 1107828 3601215 31208 410271 31208 410271 X 30635 1485454 1045985 1705490 1076620 3190944 1107828 3601215 2114324 0 X 0 1 X 1 0 X 82099 1263670 673329 2715115 4734213 82099 1263670 673329 2715115 4734213 2300802 2433411 6196 5070 11266 4745479 3136331 0.51280 0.34480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 211650 14483 197167 460665 460665 907832 1 BLUE RIDGE HEALTHCARE SYSTEM INC 2201 S STERLING ST MORGANTON NC 28655 562150313 501(C)(3) 0 24000 BOOK VALUE FACE MASKS COVID-19 BURKE COUNTY PUBLIC SCHOOLS PO DRAWER 989 MORGANTON NC 28680 560935935 BURKE COUNTY 0 24000 BOOK VALUE FACE MASKS COVID-19 BURKE COUNTY HEALTH DEPARTMENT 700 E PARKER RD MORGANTON NC 28655 566000280 BURKE COUNTY 0 15000 BOOK VALUE FACE MASKS COVID-19 BURKE UNITED CHRISTIAN MINISTRIES 305-B W UNION ST MORGANTON NC 28655 591771449 501(C)(3) 0 7500 BOOK VALUE FACE MASKS COVID-19 GOOD SAMARITAN CLINIC INC 305 W UNION ST MORGANTON NC 28655 561939030 501(C)(3) 0 6000 BOOK VALUE FACE MASKS COVID-19 THE OUTREACH CENTER 510 E FLEMING DR MORGANTON NC 28655 562221575 501(C)(3) 0 15000 BOOK VALUE FACE MASKS COVID-19 6 0 PART I, LINE 2: ONCE THE FACE MASKS WERE DISBURSED, THE ORGANIZATION DID NOT HAVE ANY PROCEDURES FOR MONITORING THE USE OF THE MASKS. X 1 250000 FAIR MARKET VALUE 1 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN B. 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 5,215. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,215. TECHNICAL ASSISTANCE/PARTNERSHIPS: PROGRAM SERVICE EXPENSES 202,828. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 202,828. 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