Practice Space 108 Inc
Nonprofit profile at a glance
- EIN
- 270324729
- IRS 990-EZ coverage
- 2012–2023
- Forms available
- Form 990-EZ 2023
- Location
- Bedminster, NJ, USA
- Phone
- 9084392949
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Personal Social Services
Reported finances
- Revenue
- $935
- Expenses
- $13,771
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CAROLYN FAHEY (PRESIDENT)
People named in this filing
- ERIN KLEMME (EXECUTIVE DI)
- SAMARA ALBUM (VICE PRESIDE)
- ERIN FRIGERIO (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
P.s. 108 is a 501-c3, non-profit educational center that aims to serve as a hub of holistic and spiritual study for somerset county and the surrounding areas.
What it reported doing in 2023
Provided wellness education to the public
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.3%; rating input score 72
- Program expense ratio: 4.9%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1,372.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: -10.2% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -3.9% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 72.3% of revenue deployed · 4.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $676 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2012 to 2023
- Contacts: How to reach this organization
- 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 5/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.