Commonplace Practice
- Assets
- $187.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/2017
- Data as of
- 12/2021
- 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 12/2021, Commonplace Practice generated $145.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $115.0k during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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 | |
Heather Ratliffe Secretary | 3 | $0 | |
Megan Motil Vice President | 3 | $0 | |
Kate Redman Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,231 |
| Total Program Service Revenue | $86,056 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $145,303 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $77,896 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,147 |
| Total expenses | $115,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,474 |
| Other assets | $0 |
| Total assets | $186,961 |
| Total liabilities | $172,100 |
| Net assets or fund balances | $14,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commonplace Practice has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Rotary Charities Of Traverse City Traverse City, MI PURPOSE: EMERGING NEEDS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
569 Directions Credit Union Inc Toledo, OH | $1,165,662,447 | $46,146,625 |
Food Gatherers Ann Arbor, MI | $16,131,759 | $18,319,883 |
Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |
Lafayette-West Lafayette Development Corporation Lafayette, IN | $8,692,255 | $2,407,037 |
Groundwork Center For Resilient Communities Inc Traverse City, MI | $1,306,127 | $2,441,412 |