Common Place Inc

Nonprofit profile at a glance

EIN
370918811
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Peoria, IL, USA
Phone
3096741131
Rating confidence
Limited
Sector
Human Service Organizations

Reported finances

Revenue
$0
Expenses
$2,009
Assets
$141,336
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • JULIE BONAR (PRESIDENT/CEO)

Highest reported compensation

  • JULIE BONAR (PRESIDENT/CEO): $108,537 total reported compensation
  • ALEX CHEESMAN (COO): $80,994 total reported compensation
  • THOMAS BROWN (ACCOUNTING DIRECTOR): $80,400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of common place is to strive to eliminate root causes of poverty and other social injustices, recognizing the dignity and self-worth of every individual.

What it reported doing in 2024

On january 1, 2020, neighborhood house acquired common place. After months of discussions, meetings, and extensive collaborative efforts from the boards of both neighborhood house and common place, it was agreed this acquisition would be in the best interest of the community and people served by both organizations. Only separated by 0.5 miles, neighborhood house and common place already had strategic partnerships in place and were collaborating on several existing programs. Through economies of scale, the available resources have been utilized to make a more significant impact for the people we serve, instead of wrapped up in the maintenance and security of two buildings. By providing all programs in the same location, it was more efficient and convenient for clients who have transportation barriers. All common place programs have been folded under the neighborhood house umbrella.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 91
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 70.35; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 594.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -20.2% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -10.6% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: -8.6% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 24 of 24 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $109K · 28 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.