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The Industrial Commons

Public charityFed auditsIRS 990
DBA: % MOLLY HEMSTREET
Other · MORGANTON, NC · EIN 47-2080338

About

The mission of the industrial commons is to rebuild a diverse working class based on locally-rooted wealth.

In care of Molly Hemstreet

Donations are tax-deductible
Category
Other
Employees
15
Volunteers
7

Financial Snapshot

FY ending 2023-12-31
Revenue
$11.7M
Expenses
$2.2M
Assets
$16.1M
Liabilities
$358K

Financial history

$11.7M$5.8M$0
181920212223
RevenueExpenses
Latest FY2023: $11.7M · Avg: $4.1M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$0
Grants Given
$5K
THE INDUSTRIAL COMMONS
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Address

PO BOX 71
Morganton, NC, 28680-007

Governance

Voting board members7
Independent members5
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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