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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
Your actions

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.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.