Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Industrial Commons
990EZ • Fiscal year 2017 • EIN 47-2080338
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
67th percentile
Higher debt load relative to revenue than 67% of similar nonprofits.
Net Margin
86th percentile
Higher net margin than 86% of similar nonprofits.
Top Officer Pay
65th percentile
Higher top officer pay than 65% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$59,342
No earlier filing loaded for comparison.
Net Assets
$58,595
No earlier filing loaded for comparison.
Liabilities
$747
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$102,143
No earlier filing loaded for comparison.
Expenses
$67,318
No earlier filing loaded for comparison.
Net Income
$34,825
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Apr 16, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $102,143
Mission and Program Overview
Mission
The mission of the industrial commons is to rebuild a diverse working class based on locally-rooted wealth.
The industrial commons was incorporated on august 21, 2014 as a non-profit corporation whose purpose is to 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
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 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 | $0 | $67,318 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAN COLLINSON | Chairman | - | $0 | - | - |
| WT SORRELL | Member | - | $0 | - | - |
| BACILIO CASTRO | Member | - | $0 | - | - |
| ALAN CLARK | Member | - | $0 | - | - |
| ALAN WOOD | Member | - | $0 | - | - |
| KIMBERLY HUNTER | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Industrial Commons
- EIN
- 47-2080338
- Phone
- 8286743141
- Address
- POST OFFICE BOX 71, MORGANTON, NC 28680
Signing Officer
- Name
- Dan Collinson
- Title
- Chairman
- Phone
- 8286743141
- Signed
- 2018-04-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Lowdermilk Church & Co Llp
- Address
- 121 NORTH STERLING STREET, MORGANTON, NC 28655
- Preparer
- James Lowdermilk
- Phone
- 8284331226
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: miscellaneous. Amount: 974.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: travel. Amount: 1,820. Description: supplies. Amount: 894. Description: insurance. Amount: 544. Description: marketing and outreach. Amount: 3,215. Total to form 990-ez, line 16: 6,473.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 27,697. End of year amount: 10,160. Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 4,199.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 5,470. End of year amount: 0. Description: deferred revenues. Beg. Of year amount: 0. End of year amount: 747.”
Raw XML Appendix160 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8286743141 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | POST OFFICE BOX 71 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MORGANTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28680 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 1543 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 44983 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 82099 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 34825 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 59584 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 29240 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 59342 |
| IRS990EZ/GrossReceiptsAmt | 0 | 102143 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 23770 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 58595 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 23770 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 58595 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DAN COLLINSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | WT SORRELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BACILIO CASTRO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ALAN CLARK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ALAN WOOD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | KIMBERLY HUNTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 27697 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 14359 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6473 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 974 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE INDUSTRIAL COMMONS WAS INCORPORATED ON AUGUST 21, 2014 AS A NON-PROFIT CORPORATION WHOSE PURPOSE IS TO 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 |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1261 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 19070 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 67318 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5470 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 747 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 67318 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 67318 |
| IRS990EZ/TotalRevenueAmt | 0 | 102143 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | THEINDUSTRIALCOMMONS.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 82099 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 82099 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 19070 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 974 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 974 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.98830 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 82099 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 82099 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 82099 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 83073 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: MISCELLANEOUS. AMOUNT: 974. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: TRAVEL. AMOUNT: 1,820. DESCRIPTION: SUPPLIES. AMOUNT: 894. DESCRIPTION: INSURANCE. AMOUNT: 544. DESCRIPTION: MARKETING AND OUTREACH. AMOUNT: 3,215. TOTAL TO FORM 990-EZ, LINE 16: 6,473. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 27,697. END OF YEAR AMOUNT: 10,160. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,199. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 5,470. END OF YEAR AMOUNT: 0. DESCRIPTION: DEFERRED REVENUES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 747. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAN COLLINSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8286743141 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-04-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE INDUSTRIAL COMMONS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDU |
| ReturnHeader/Filer/EIN | 0 | 472080338 |
| ReturnHeader/Filer/PhoneNum | 0 | 8286743141 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | POST OFFICE BOX 71 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MORGANTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28680 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 2F3004899BE34B712B1AB49D75780A22B18625B6 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 5195214089D878859744104A859B4989C786439E |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 162.231.182.0 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-04-16 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 08:09:13 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561607661 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LOWDERMILK CHURCH & CO LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 121 NORTH STERLING STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MORGANTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28655 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8284331226 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES LOWDERMILK |
| ReturnHeader/ReturnTs | 0 | 2018-04-30T06:46:31-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $59,342
- Liabilities
- $747
- Net assets
- $58,595
- Revenue
- $102,143
- Expenses
- $67,318
- Net income
- $34,825