The Practice Space Inc
Nonprofit profile at a glance
- EIN
- 815115661
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2017
- Location
- El Cerrito, CA, USA
- Phone
- 5107080535
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,182,785
- Expenses
- $1,089,312
- Assets
- $672,780
- Liabilities
- $50,049
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Todd Groves (President)
- Paul Porter (Vice President)
Highest reported compensation
- Maribel Lopez (Sr Dir of Programs): $121,546 total reported compensation
- AnnMarie Baines (Executive Dir.): $115,379 total reported compensation
- Moneek Bhanot (Dir. Strat. Init.): $115,199 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We build confidence and community through communication skill development.
What it reported doing in 2024
Adult Workshops, Curriculum, and Coaching: We partner with businesses, nonprofits and school districts to offer customized workshops, curriculum, and coaching to enhance communication in the workplace. Participants work with a coach to build skills around pitches, storytelling, discussion, presentations, and keynotes. Workshops also help participants with speech writing, oral delivery, anxiety-coping, and adapting to their audiences. Our curriculum helps organizations launch and implement programs that support community voice. Our work with school districts helps teachers facilitate student voice and increase engagement and literacy in the classrooms. Overall, our adult work provides tips and techniques that they can immediately apply to their jobs and practice implementing coach feedback. In 2024, we served roughly 300 adult participants in 2024.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 92
- Accountability: 83
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.9%; rating input score 59
- Program expense ratio: 63.9%; rating input score 64
- Fundraising efficiency: $10.15 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.9%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 32.3%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 30.8% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 32.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 30.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 58.9% of revenue deployed · 63.9% of spending went to programs
- Governance: 8 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $696K in reported program spending
- Leadership: top reported pay $122K · 14 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Operating margin scored 57/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.