THE INDUSTRIAL COMMONS: Single Audit Reports and Findings
THE INDUSTRIAL COMMONS filed 2 single audits between 2024 and 2025; the most recently observed auditor is WEGNER CPAS, LLP (2025), and the 2025 report lists 0 findings. Data as of 2026-10-30.
Data as of Oct 30, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; THE INDUSTRIAL COMMONS is recorded in MORGANTON, North Carolina under EIN 472080338, and the Clearinghouse records it as a nonprofit. Each report opens on the Clearinghouse itself; how to search the Federal Audit Clearinghouse explains the rest of the reporting package.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $9,427,058 | $1,000,000 | WEGNER CPAS, LLP | 0 | — | 2025-12-GSAFAC-0000430459 |
| 2024 | 2024-12-31 | $2,292,053 | $750,000 | WEGNER CPAS, LLP | 0 | MW | 2024-12-GSAFAC-0000383067 |
Which federal programs did this organization report?
From the most recent accepted report, as listed on its schedule of expenditures of federal awards (SEFA). "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 47.084 | TECHNOLOGY, INNOVATION, AND PARTNERSHIPS | $8,705,183 | Yes |
| 17.280 | WIOA DISLOCATED WORKER NATIONAL RESERVE DEMONSTRATION GRANTS | $295,802 | No |
| 11.307 | ECONOMIC ADJUSTMENT ASSISTANCE | $215,674 | No |
| 10.351 | RURAL BUSINESS DEVELOPMENT GRANT | $114,076 | No |
| 17.259 | WIOA YOUTH ACTIVITIES | $45,718 | No |
| 45.024 | PROMOTION OF THE ARTS GRANTS TO ORGANIZATIONS AND INDIVIDUALS | $20,629 | No |
| 45.129 | PROMOTION OF THE HUMANITIES FEDERAL/STATE PARTNERSHIP | $20,000 | No |
| 45.025 | PROMOTION OF THE ARTS PARTNERSHIP AGREEMENTS | $5,000 | No |
| 45.025 | PROMOTION OF THE ARTS PARTNERSHIP AGREEMENTS | $4,976 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full. What the two severity levels mean: material weakness vs significant deficiency.
The most recent report lists no finding.
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
Where to find the return itself, and what our Form 990 data covers: Form 990 lookup.
- Most recent return
- 990 for 2024-12
- Total revenue
- $8,682,953
- Total assets
- $35,394,219
- Accounting fees (Part IX line 11c)
- $61,001
- Paid preparer
- WEGNER CPAS LLP
- IRS object id
- 202533179349304358
- NTEE code
- J20
- Exempt under
- 501(c)(3)
- Ruling year
- 2015
- BMF release
- 2026-10-20
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits THE INDUSTRIAL COMMONS now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “The Industrial Commons, North Carolina Single Audits 2024–2025.” https://getauditradar.com/single-audits/nc/the-industrial-commons-472080338/. Data as of 2026-10-30.