Civic Intelligence

Industrial Commons

990 • Fiscal year 2023 • EIN 47-2080338

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 17, 2024

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

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$94,222

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

97th percentile

136%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

340%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$16,084,125

Up $9,264,081 (+136%) from 2022

Net Assets

Up

$15,725,792

Up $9,495,882 (+152%) from 2022

Liabilities

Down

$358,333

Down $231,801 (-39%) from 2022

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin96th percentile

Revenue

Up

$11,657,616

Up $9,010,582 (+340%) from 2022

Expenses

Down

$2,236,647

Down $153,518 (-6.4%) from 2022

Net Income

Up

$9,420,969

Up $9,164,100 (+3568%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2023

Assets$16,084,125
Liabilities$358,333
Net Assets$15,725,792
Open 2023 Filing

Operations Trend

Revenue Growth98th 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

2023

Revenue$11,657,616
Expenses$2,236,647
Net Income$9,420,969
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 17, 2024
Return Version
2023v5.1
Gross Receipts
$11,735,586
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
Investments Other Securities-$8,264,026-
Land, Buildings, and Equipment, Net$2,208,506$3,620,763▲ $1,412,257
Savings and Temporary Cash Investments$2,254,020$2,536,698▲ $282,678
Cash and Non-Interest-Bearing Accounts$443,607$442,616▼ $991
Inventories for Sale or Use$272,438$264,446▼ $7,992
Pledges and Grants Receivable$728,826$184,965▼ $543,861
Accounts Receivable$332,782$59,219▼ $273,563
Other Notes and Loans Receivable, Net$67,000$54,135▼ $12,865
Prepaid Expenses and Deferred Charges$36,755$43,367▲ $6,612
Investments Program Related$0$25,000▲ $25,000
Total Assets$6,820,044$16,084,125▲ $9,264,081
Other Assets Total$476,110$588,890▲ $112,780
Liabilities
Other Liabilities$498,319$242,420▼ $255,899
Accounts Payable and Accrued Expenses$91,815$115,913▲ $24,098
Total Liabilities$590,134$358,333▼ $231,801
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,428,933$9,125,276▲ $7,696,343
Net Assets Without Donor Restrictions$4,800,977$6,600,516▲ $1,799,539
Total Net Assets Fund Balance$6,229,910$15,725,792▲ $9,495,882
Total Liabilities and Net Assets / Fund Balance$6,820,044$16,084,125▲ $9,264,081

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,743,235-$1,743,235
Equipment$864,354$215,458$1,079,812
Land$1,013,174-$1,013,174
Other Securities$8,264,026--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Molly HemstreetCo-executive DirectorFT$94,222-$94,222
Sara ChesterCo-executive DirectorFT$78,770$5,257$84,027
Bobby CarswellDirector/research & Development DirectorFT$58,113$5,152$63,265
Sharley Mendoza PerezDirector/director of OperationsFT$57,987$4,461$62,448

Board Members and Trustees

NameTitle
Alan ClarkChairman (thru November)
Alan WoodVice Chairman (thru November)
Erica DammanDirector
Kimberly HunterDirector
Lisa MillerDirector
Renea CanipeDirector
Deborah SigmonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,971,882
Program Service Revenue
$415,646
Investment Income
$291,977
Other Revenue
$-21,889
All Other Contributions
$10,474,811
Change in Net Assets
$9,420,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,404,274
Other Expenses$827,093
Total Fundraising Expense$252,442
Grants and Similar Amounts Paid$5,280
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$725,262$122,837$118,851$966,950
Current Officers, Directors, Trustees, and Key Employees$166,345$94,093$43,524$303,962
Occupancy$195,672$59,980$44,896$300,548
Fees for Services Other$115,694-$75$115,769
Depreciation Depletion$74,301$14,241$10,660$99,202
Advertising$79,172-$4,792$83,964
Payroll Taxes$51,192$12,455$9,323$72,970
Office Expenses$63,085$280$865$64,230
Other Employee Benefits$42,368$10,308$7,716$60,392
Conferences and Meetings$42,421$690$9,608$52,719
Travel$44,960-$63$45,023
Fees for Services Accounting$10,305$25,810-$36,115
Insurance$11,359$2,764$2,069$16,192
All Other Expenses$9,933$1,918-$11,851
Grants to Domestic Individuals$4,180--$4,180
Grants to Domestic Orgs$1,100--$1,100
Information Technology$1,000--$1,000
Other Expenses-$480-$480
Total Functional Expenses$1,638,349$345,856$252,442$2,236,647
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 Liabilities$242,420
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
Deborah Sigmon
Title
Chairperson
Phone
8284434043
Signed
2024-10-17
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
15
Volunteers
7

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Raw XML AppendixShowing 400 of 551 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/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0701
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0701
IRS990/MissionDesc0THE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06229910
IRS990/NetAssetsOrFundBalancesEOYAmt015725792
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-22590
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-22590
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04800977
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06600516
IRS990/NoncashContributionsAmt014141
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt044896
IRS990/OccupancyGrp/ManagementAndGeneralAmt059980
IRS990/OccupancyGrp/ProgramServicesAmt0195672
IRS990/OccupancyGrp/TotalAmt0300548
IRS990/OfficeExpensesGrp/FundraisingAmt0865
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0280
IRS990/OfficeExpensesGrp/ProgramServicesAmt063085
IRS990/OfficeExpensesGrp/TotalAmt064230
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0476110
IRS990/OtherAssetsTotalGrp/EOYAmt0588890
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07716
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010308
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042368
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060392
IRS990/OtherExpensesGrp/Desc0SALES TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0480
IRS990/OtherExpensesGrp/TotalAmt0480
IRS990/OtherLiabilitiesGrp/BOYAmt0498319
IRS990/OtherLiabilitiesGrp/EOYAmt0242420
IRS990/OtherRevenueTotalAmt0701
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0118851
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0122837
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0725262
IRS990/OtherSalariesAndWagesGrp/TotalAmt0966950
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt067000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt054135
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09323
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012455
IRS990/PayrollTaxesGrp/ProgramServicesAmt051192
IRS990/PayrollTaxesGrp/TotalAmt072970
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0728826
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0184965
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036755
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043367
IRS990/PrincipalOfficerNm0SARA CHESTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541618
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES & EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0408046
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0408046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02181163
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0282725
IRS990/PYInvestmentIncomeAmt08791
IRS990/PYOtherExpensesAmt01015252
IRS990/PYOtherRevenueAmt0104084
IRS990/PYProgramServiceRevenueAmt0352996
IRS990/PYRevenuesLessExpensesAmt0256869
IRS990/PYSalariesCompEmpBnftPaidAmt01092188
IRS990/PYTotalExpensesAmt02390165
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02647034
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt09420969
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0393056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02254020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02536698
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010971882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02181163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04038089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02715115
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0673329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020579578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0291977
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06196
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0315470
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06098159
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46900
IRS990ScheduleA/PublicSupportPY170Pct00.61950
IRS990ScheduleA/PublicSupportTotal170Amt09799986
IRS990ScheduleA/SubstantialContributorsTotAmt010779592
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010971882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02181163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04038089
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02715115
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0673329
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020579578
IRS990ScheduleA/TotalSupportAmt020895048
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/CurrentYearAmt065458
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt067377
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0132835
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0261832
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0269508
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0531340
IRS990ScheduleC/GrassrootsCeilingAmt0199253
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt065458
IRS990ScheduleC/LobbyingCeilingAmt0797010
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0261832
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt02236647
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt02236647
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0864354
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0215458
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01079812
IRS990ScheduleD/LandGrp/BookValueAmt01013174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01013174
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01743235
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01743235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0242420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE RIGHT OF USE LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08264026
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03620763
IRS990ScheduleD/TotalBookValueSecuritiesAmt08264026
IRS990ScheduleD/TotalLiabilityAmt0242420
IRS990/ScheduleJRequiredInd00
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,084,125
Liabilities
$358,333
Net assets
$15,725,792
Revenue
$11,657,616
Expenses
$2,236,647
Net income
$9,420,969
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