Overview
What is The Practice Space Inc?
The Practice Space Inc, located in El Cerrito, California, is a nonprofit organization dedicated to empowering individuals through public speaking workshops. Their core programs cater to young speakers aged 8-18, offering year-round camps and clubs in various strands like speech, debate, leadership, and media. These programs aim to provide public speaking education to underserved youth who may not have had such opportunities in their schools. Additionally, The Practice Space Inc offers workshops and lessons for adults, including women leaders, early career professionals, and professionals of color. These sessions provide a supportive environment for practicing pitches, keynotes, networking, and other public speaking scenarios. In 2022, they conducted bilingual online courses focused on pitches and public comment, and continued offering private lessons to professionals nationwide. The organization also hosts community events and performances to showcase participants' talents, foster practice in front of an audience, and bring the community together through enjoyable experiences. With a mission to build confidence and community through communication skill development, The Practice Space Inc aims to advance inclusion, develop empathy, and elevate underrepresented voices. The team, led by a majority-women team and Board, has served over 2000 students since its founding in 2017. The Practice Space Inc employs a team of 8 individuals.
Official website here: www.practice-space.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that The Practice Space Inc has room for improvement in terms of accountability and financial management. While the organization scores fairly well in areas such as independent board membership and has no reported material diversion of assets, the overall rating reflects some significant governance gaps.
The organization boasts a fully independent board, with 90% of its members being independent, which is a clear strength. Additionally, it maintains a high program expense ratio of 72.93%, suggesting that a substantial portion of its expenditures directly support its mission. However, the absence of critical policies like a whistleblower policy and document retention and destruction guidelines raises concerns about organizational transparency and long-term sustainability.
Furthermore, the lack of a posted tax form on the nonprofit's website may hinder transparency for potential donors and stakeholders. While The Practice Space Inc demonstrates a commitment to its programs, it must address these governance and policy shortcomings to improve its overall rating and build greater trust with the public.
This AI summary has been generated from information found on Charity Navigator.
Is The Practice Space Inc legitimate?
The Practice Space Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Practice Space Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,553
Professional Fundraising Fees: $0
Other Salaries and Wages: $403,547
For more financial information, click here
Official website here: www.practice-space.org
What is the mission statement of The Practice Space Inc?
The Practice Space Inc's mission is centered around fostering confidence and fostering a sense of community through communication skill development. Their objective is to promote inclusion, develop empathy, and amplify underrepresented voices. By offering public speaking workshops to both youth and adults, they aim to create an environment where diverse communities feel valued, free from stereotypes, and capable of making meaningful connections using their voices. The organization is led by a team with expertise in various areas of public speaking, such as speech, debate, storytelling, acting, podcasting, and poetry. Since its establishment in 2017, The Practice Space Inc has served over 2000 individuals, providing fun and practical experiences through their workshops.
Official website here: www.practice-space.org
What is the revenue of The Practice Space Inc?
The Practice Space Inc's revenue in 2023 was $1,043,662.
Official website here: www.practice-space.org
Who are the executives of The Practice Space Inc and what are their salaries?
The average compensation at The Practice Space Inc during 2023 was $17,611. There are 28 employees and 22 volunteers at The Practice Space Inc.
Here are 10 key members and their salaries:
- Compensation: $87,129
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- Other: $2,424
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Official website here: www.practice-space.org
Where can I find the form 990 for The Practice Space Inc?
The Practice Space Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.practice-space.org
Learn more at the official website: www.practice-space.org
Mission Statement of The Practice Space Inc
The Practice Space Inc, spearheaded by a predominantly female team and led by AnnMarie Baines, a seasoned educator and public speaking coach, is committed to a mission that transcends simple communication skill development. Their objective is to foster confidence, cultivate community, and promote inclusion by empowering underrepresented voices through public speaking workshops. By making public speaking education accessible to diverse generations, they envision a world where individuals feel valued, free from stereotypes, and capable of establishing meaningful connections.
The organization's mission is deeply rooted in the belief that communication skills are powerful tools for breaking down barriers and fostering empathy. By providing fun and practical experiences, The Practice Space Inc's team of experts, boasting expertise in public speaking, storytelling, acting, podcasting, and poetry, equips individuals with the necessary skills to navigate various social scenarios with confidence. Since its inception in 2017, the nonprofit has served over 2000 students, contributing significantly to the personal and professional growth of its participants.
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Impact
July, 2024
The Practice Space Inc's impact is far-reaching and profound. Through its public speaking workshops and programs, it has empowered over 2000 individuals, both youth and adults, to develop essential communication skills. By providing a platform for underserved young people to access public speaking education and for professionals to overcome barriers in expressing themselves, The Practice Space Inc has created a kind and supportive environment where individuals can build confidence, connect with others, and elevate their voices. The organization's commitment to advancing inclusion, developing empathy, and amplifying underrepresented voices aligns with its mission to create a world where diverse communities feel cared for and capable of meaningful connection through effective communication. Led by a majority-women team and a dedicated founder with extensive experience in public speaking, The Practice Space Inc has made a tangible impact on individuals in EL CERRITO, CA, and beyond, ultimately working towards a more inclusive and empathetic society.
This information is meant to be a general summary of The Practice Space Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $321,585
- Gross Receipts: $1,043,662
Assets and Liabilities:
- Total Assets: $203,999
- Total Liabilities: -$1,401
- Net Assets: $205,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Group Programs
Revenue
$81,650
Individual Programs
Revenue
$6,600
Private Lessons
Revenue
$7,150
Sales
Revenue
$3,215
School Programs
Revenue
$222,970
Organization Details
Founding Year
2017
Principal Officer
Rashon Lane
Website
www.practice-space.orgNTEE Category
Code: B90 - Education
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