The Common Place
- Assets
- $413.6k
- Revenue
- $762.5k
- Investments
- $0.0
- Employees
- 32
- Location
- Philadelphia, PA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2143184
Organization Overview
The Common Place is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Common Place employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Place 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, Common Place generated $762.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMON PLACE IS A NONPROFIT ORGANIZATION ENVISIONED AS A HAVEN FOR THE CHILDREN OF THE NEIGHBORHOOD USING INNOVATIVE EDUCATIONAL SUPPORT PROGRAMS AND BEING A CENTRAL HUB FOR SOCIAL SERVICES. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMON PLACE IS A NONPROFIT ORGANIZATION ENVISIONED AS A HAVEN FOR THE CHILDREN OF THE NEIGHBORHOOD BY INNOVATIVE EDUCATIONAL SUPPORT PROGRAMS AND BEING A CENTRAL NEIGHBORHOOD HUB FOR SOCIAL SERVICES THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Thompson Board Chair President | Trustee | 1 | $0 |
Ron Race Board Member | Trustee | 1 | $0 |
Leonard Dow Board Members | Trustee | 0 | $0 |
Elisabeth Slate Board Member | Trustee | 1 | $0 |
Cean James Board Member | Trustee | 1 | $0 |
Meg Born Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $42,349 |
| Government grants | $57,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645,678 |
| Total Program Service Revenue | $94,025 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,747 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $762,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,815 |
| Compensation of current officers, directors, key employees. | $43,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,301 |
| Payroll taxes | $50,643 |
| Fees for services: Management | $258 |
| Fees for services: Legal | $1,004 |
| Fees for services: Accounting | $13,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,469 |
| Office expenses | $22,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $198,097 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,552 |
| All other expenses | $0 |
| Total functional expenses | $1,007,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $413,573 |
| Accounts payable and accrued expenses | $5,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,632 |
| Net assets without donor restrictions | $106,202 |
| Net assets with donor restrictions | $301,739 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $413,573 |