Civic Intelligence

Industrial Commons

990 • Fiscal year 2022 • EIN 47-2080338

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileTHEINDUSTRIALCOMMONS.ORG
PO Box 71Morganton, NC 28680

(828) 443-4043

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.09x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.22x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

56th percentile

9.7%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$81,849

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-42%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$6,820,044

Up $759,069 (+13%) from 2021

Net Assets

Up

$6,229,910

Up $225,840 (+3.8%) from 2021

Liabilities

Up

$590,134

Up $533,229 (+937%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin56th percentile

Revenue

Down

$2,647,034

Down $1,911,519 (-42%) from 2021

Expenses

Up

$2,390,165

Up $644,738 (+37%) from 2021

Net Income

Down

$256,869

Down $2,556,257 (-91%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2017: $59,342Liabilities 2017: $747Net Assets 2017: $58,5952017Assets 2018: $1,301,351Liabilities 2018: $12,415Net Assets 2018: $1,288,9362018Assets 2019: $1,107,828Liabilities 2019: $31,208Net Assets 2019: $1,076,6202019Assets 2020: $3,601,215Liabilities 2020: $410,271Net Assets 2020: $3,190,9442020Assets 2021: $6,060,975Liabilities 2021: $56,905Net Assets 2021: $6,004,0702021Assets 2022: $6,820,044Liabilities 2022: $590,134Net Assets 2022: $6,229,9102022Assets 2023: $16,084,125Liabilities 2023: $358,333Net Assets 2023: $15,725,7922023Assets 2024: $35,394,219Liabilities 2024: $15,229,338Net Assets 2024: $20,164,8812024

Highlighted filing

2022

Assets$6,820,044
Liabilities$590,134
Net Assets$6,229,910
Open 2022 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2017: $102,143Expenses 2017: $67,318Net Income 2017: $34,8252017Revenue 2018: $1,344,220Expenses 2018: $187,103Net Income 2018: $1,157,1172018Revenue 2019: $803,796Expenses 2019: $1,016,112Net Income 2019: -$212,3162019Revenue 2020: $3,472,669Expenses 2020: $1,358,345Net Income 2020: $2,114,3242020Revenue 2021: $4,558,553Expenses 2021: $1,745,427Net Income 2021: $2,813,1262021Revenue 2022: $2,647,034Expenses 2022: $2,390,165Net Income 2022: $256,8692022Revenue 2023: $11,657,616Expenses 2023: $2,236,647Net Income 2023: $9,420,9692023Revenue 2024: $8,682,953Expenses 2024: $4,017,046Net Income 2024: $4,665,9072024

Highlighted filing

2022

Revenue$2,647,034
Expenses$2,390,165
Net Income$256,869
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$3,637,093
Mission and Program Overview

Mission

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

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,644,693$2,254,020▲ $609,327
Land, Buildings, and Equipment, Net$2,276,224$2,208,506▼ $67,718
Pledges and Grants Receivable$998,688$728,826▼ $269,862
Cash and Non-Interest-Bearing Accounts$100,396$443,607▲ $343,211
Accounts Receivable$112,326$332,782▲ $220,456
Inventories for Sale or Use$819,963$272,438▼ $547,525
Other Notes and Loans Receivable, Net$79,000$67,000▼ $12,000
Prepaid Expenses and Deferred Charges$29,685$36,755▲ $7,070
Total Assets$6,060,975$6,820,044▲ $759,069
Other Assets Total$0$476,110▲ $476,110
Liabilities
Other Liabilities$0$498,319▲ $498,319
Accounts Payable and Accrued Expenses$56,905$91,815▲ $34,910
Total Liabilities$56,905$590,134▲ $533,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,955,034$4,800,977▲ $845,943
Net Assets With Donor Restrictions$2,049,036$1,428,933▼ $620,103
Total Net Assets Fund Balance$6,004,070$6,229,910▲ $225,840
Total Liabilities and Net Assets / Fund Balance$6,060,975$6,820,044▲ $759,069

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$951,958$127,854$1,079,812
Land$1,013,174-$1,013,174
Other Land Buildings$243,374-$243,374
Other Assets Org$476,110--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Molly HemstreetCo-executive DirectorFT$81,849-$81,849
Sara ChesterCo-executive DirectorFT$66,579$5,227$71,806
Bobby CarswellDirector/research & Development DirectorFT$56,208$5,103$61,311
Sharley Mendoza PerezDirector/director of OperationsFT$51,110$4,363$55,473

Board Members and Trustees

NameTitle
Alan ClarkChairman
Alan WoodVice Chairman
Erica DammanDirector
Kimberly HunterDirector
Debbie SigmonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sharley And Co LLCSewing Services203 SUMMIT ST, Morganton, NC 28655$122,271
Nverse Architects PllcDesign Services For Innovation Campus Pr305 N GREEN ST, Morganton, NC 28655$111,606
Revenue and Support

Revenue Composition

Contributions and Grants
$2,181,163
Program Service Revenue
$352,996
Investment Income
$8,791
Other Revenue
$104,084
All Other Contributions
$1,978,553
Change in Net Assets
$256,869

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$32,878Cost of Donated Prop
Total Noncash Contributions5$32,878-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,092,188
Other Expenses$1,015,252
Grants and Similar Amounts Paid$282,725
Total Fundraising Expense$124,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$583,612$78,987$35,679$698,278
Occupancy$278,455$59,402$27,071$364,928
Grants to Domestic Orgs$282,725--$282,725
Current Officers, Directors, Trustees, and Key Employees$127,737$97,811$44,891$270,439
Fees for Services Other$143,275--$143,275
Office Expenses$120,649$71-$120,720
Depreciation Depletion$69,833$13,833$6,304$89,970
Advertising$83,322--$83,322
Payroll Taxes$53,879$13,391$6,103$73,373
Conferences and Meetings$64,651$4,343-$68,994
Travel$57,099--$57,099
Other Employee Benefits$36,788$9,143$4,167$50,098
All Other Expenses$42,936$4,199-$47,135
Insurance$17,758$3,698-$21,456
Fees for Services Accounting-$18,353-$18,353
Total Functional Expenses$1,962,719$303,231$124,215$2,390,165
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
C2life FoundationMorganton, NC501(c)(3)General Purpose/to Support Mission$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Right of Use Liability$498,319
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
The Industrial Commons
EIN
47-2080338
Phone
8284434043
Address
PO BOX 71, MORGANTON, NC 28680

Signing Officer

Name
Alan Clark
Title
Chairman
Phone
8284434043
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Chester
Formed
2014
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
5
Employees
16
Volunteers
6

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of equity in llc entities to the industrial commons corps -31,029.”

Raw XML AppendixShowing 400 of 586 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.

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IRS990/Desc0THE 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.
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0649
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0649
IRS990/MissionDesc0THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06004070
IRS990/NetAssetsOrFundBalancesEOYAmt06229910
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0103435
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0103435
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03955034
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04800977
IRS990/NoncashContributionsAmt032878
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt027071
IRS990/OccupancyGrp/ManagementAndGeneralAmt059402
IRS990/OccupancyGrp/ProgramServicesAmt0278455
IRS990/OccupancyGrp/TotalAmt0364928
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt071
IRS990/OfficeExpensesGrp/ProgramServicesAmt0120649
IRS990/OfficeExpensesGrp/TotalAmt0120720
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0476110
IRS990/OtherChangesInNetAssetsAmt0-31029
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04167
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09143
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036788
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050098
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0498319
IRS990/OtherRevenueTotalAmt0649
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt035679
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078987
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0583612
IRS990/OtherSalariesAndWagesGrp/TotalAmt0698278
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt079000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt067000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06103
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013391
IRS990/PayrollTaxesGrp/ProgramServicesAmt053879
IRS990/PayrollTaxesGrp/TotalAmt073373
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0998688
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0728826
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029685
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036755
IRS990/PrincipalOfficerNm0SARA CHESTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541618
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0347196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0347196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15800
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04038089
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05765
IRS990/PYInvestmentIncomeAmt03436
IRS990/PYOtherExpensesAmt0903445
IRS990/PYOtherRevenueAmt0299336
IRS990/PYProgramServiceRevenueAmt0217692
IRS990/PYRevenuesLessExpensesAmt02813126
IRS990/PYSalariesCompEmpBnftPaidAmt0836217
IRS990/PYTotalExpensesAmt01745427
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04558553
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0256869
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0456431
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01644693
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02254020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02181163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04038089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02715115
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0673329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01263670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010871366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06196
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023493
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05706982
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61950
IRS990ScheduleA/PublicSupportPY170Pct00.60970
IRS990ScheduleA/PublicSupportTotal170Amt06749058
IRS990ScheduleA/SubstantialContributorsTotAmt04122308
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02181163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04038089
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02715115
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0673329
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01263670
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010871366
IRS990ScheduleA/TotalSupportAmt010894859
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt067377
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt067377
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0269508
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0269508
IRS990ScheduleC/GrassrootsCeilingAmt0101066
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt067377
IRS990ScheduleC/LobbyingCeilingAmt0404262
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0269508
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt02390165
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt02390165
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0951958
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127854
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01079812
IRS990ScheduleD/LandGrp/BookValueAmt01013174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01013174
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0476110
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT OF USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0243374
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0243374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0498319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE RIGHT OF USE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02208506
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0476110
IRS990ScheduleD/TotalLiabilityAmt0498319
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0250000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LAND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL PURPOSE/TO SUPPORT MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0C2LIFE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0851065378
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0114 SOUTH STERLING ST SUITE 8
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MORGANTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028655
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ONCE THE GRANTS WERE DISBURSED, THE ORGANIZATION DID NOT HAVE ANY PROCEDURES FOR MONITORING THE USE OF THE GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt05
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST OF DONATED PROP
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt032878
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,820,044
Liabilities
$590,134
Net assets
$6,229,910
Revenue
$2,647,034
Expenses
$2,390,165
Net income
$256,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.4$15.2$20.2$8.68$4.02$4.67
2023Detailed filing. Detailed filing data is available for this year.$16.1$0.36$15.7$11.7$2.24$9.42
2022Detailed filing. Detailed filing data is available for this year.$6.82$0.59$6.23$2.65$2.39$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.06$0.06$6.00$4.56$1.75$2.81
2020Detailed filing. Detailed filing data is available for this year.$3.60$0.41$3.19$3.47$1.36$2.11
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.08$0.80$1.02$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$1.34$0.19$1.16
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.10$0.07$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $5M-$10M nonprofits