Commonplace Practice
- Assets
- $297.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-3805677
Organization Overview
Commonplace Practice is located in Traverse City, MI. The organization was established in 2017. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonplace Practice is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Commonplace Practice generated $140.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $179.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COORDINATED SHARED WORK AND MEETING SPACE FOR ORGANIZATIONS THAT IMPROVED COMMUNITY WELL-BEING AND/OR OPERATE FOR CHARITABLE, EDUCATIONAL, OR SCIENTIFIC PURPOSES EXEMPT FROM TAXATION UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE IN ORDER TO FOSTER COLLABORATION, SHARED RESOURCES, AND IMPROVED COMMUNITY IMPACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Taylor President | 3 | $0 | |
Megan Motil Vice President | 3 | $0 | |
Heather Ratliffe Secretary | 3 | $0 | |
Kate Redman Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $139,997 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,782 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $83,402 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,934 |
| Total expenses | $179,118 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,040 |
| Other assets | $0 |
| Total assets | $297,840 |
| Total liabilities | $322,100 |
| Net assets or fund balances | -$24,260 |