Overview
What is The Industrial Commons?
The Industrial Commons is a nonprofit organization situated in Morganton, North Carolina. Its mission is to revitalize the local economy and create sustainable, meaningful employment opportunities in rural Western North Carolina and surrounding regions. They accomplish this by lessening governmental burdens, developing public assets, and enhancing the retention and creation of small to mid-sized manufacturing firms. Additionally, they provide economic, business, and vocational education services to both workers and business owners, aiming to improve the overall economic well-being of the community. The organization currently employs 16 individuals in its mission to rebuild a diverse working class based on locally-rooted wealth.
Official website here: www.theindustrialcommons.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Industrial Commons has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score of 100% for its Accountability & Finance beacon, the organization showcases significant operational transparency and effective financial management, including a low liability-to-assets ratio of 8.65% and a program expense ratio of 82.11%.
The nonprofit is noted for its robust governance, featuring a majority independent board, which enhances its credibility and decision-making processes. The organization has a well-established infrastructure for oversight, including an audit committee and various policies in place to maintain integrity and accountability, such as conflict of interest and whistleblower policies.
While the ratings highlight the strengths of The Industrial Commons, no specific limitations or weaknesses were noted in the data provided. Therefore, the organization appears to be well-positioned to continue its mission effectively and sustainably.
This AI summary has been generated from information found on Charity Navigator.
Is The Industrial Commons legitimate?
The Industrial Commons is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Industrial Commons submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $270,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $698,278
For more financial information, click here
Official website here: www.theindustrialcommons.org
What is the mission statement of The Industrial Commons?
The mission of The Industrial Commons is to rebuild a diverse working class by fostering locally-rooted wealth. They achieve this by establishing interconnected enterprises that address industrial challenges for businesses and workers, manufacturing opportunities, and enhancing the economic well-being of the community. The organization accomplishes its mission by promoting the retention and creation of small to mid-size manufacturing firms, offering economic, business, and vocational education services to workers and business owners, and sustaining the economic prosperity of the entire community.
Official website here: www.theindustrialcommons.org
Who is the CEO of The Industrial Commons?
Sara Chester is the Co-Executive Director of The Industrial Commons.
Official website here: www.theindustrialcommons.org
What is the revenue of The Industrial Commons?
The Industrial Commons's revenue in 2022 was $2,647,034.
Official website here: www.theindustrialcommons.org
Who are the executives of The Industrial Commons and what are their salaries?
The average compensation at The Industrial Commons during 2022 was $60,545. There are 16 employees and 6 volunteers at The Industrial Commons.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $56,208
- Related: $0
- Other: $5,103
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $51,110
- Related: $0
- Other: $4,363
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $81,849
- Related: $0
- Other: $0
- Compensation: $66,579
- Related: $0
- Other: $5,227
Official website here: www.theindustrialcommons.org
Where can I find the form 990 for The Industrial Commons?
The Industrial Commons's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theindustrialcommons.org
Learn more at the official website: www.theindustrialcommons.org
Mission Statement of The Industrial Commons
The Industrial Commons, a nonprofit organization, is committed to rebuilding a diverse working class based on locally-rooted wealth. They achieve this mission by fostering interconnected enterprises that address industrial challenges for businesses and workers in a sustainable manner. By enhancing the retention and creation of small to mid-size manufacturing firms and providing economic, business, and vocational education services to workers and business owners, The Industrial Commons not only contributes to the growth of meaningful, gainful employment but also aims to improve the economic well-being of the entire community. Their ultimate goal is to create long-term economic and societal benefits in rural western North Carolina and neighboring regions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Industrial Commons' impact can be seen in the transformation of rural Western North Carolina and neighboring regions by lessening the burdens of government, developing public assets, and enhancing the retention and creation of small to mid-size manufacturing firms. By providing economic, business, and vocational education services to workers and business owners, they are sustainably enhancing the economic well-being of all members of the community. Through founding and growing interconnected enterprises, The Industrial Commons is solving industrial problems, manufacturing hope, and rebuilding a diverse working class based on locally-rooted wealth in Morganton, NC.
This information is meant to be a general summary of The Industrial Commons. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,791
- Program Service Revenue: $352,996
- Gross Receipts: $3,637,093
Assets and Liabilities:
- Total Assets: $6,820,044
- Total Liabilities: $590,134
- Net Assets: $6,229,910
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICES
Revenue
$347,196
MEMBERSHIP DUES
Revenue
$5,800
Organization Details
Founding Year
2014
Phone
(828) 443-4043Principal Officer
Sara Chester
Main Address
PO BOX 71, MORGANTON, NC, 28680
Website
www.theindustrialcommons.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of The Industrial Commons and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.