Banana Fana Preschool
Nonprofit profile at a glance
- EIN
- 862978150
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4156545114
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $1,268,363
- Expenses
- $1,094,894
- Assets
- $337,608
- Liabilities
- $145,708
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- GLORIA MORALES-NOVA (CEO/PRESIDEN)
Highest reported compensation
- GLORIA MORALES-NOVA (CEO/PRESIDEN): $153,444 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Banana fana preschool provides safe, high-quality, relationship-based spanishenglish bilingual and bicultural early childhood education, fostering social-emotional growth, trust, and a supportive, equitable community for families in the greater san francisco area.
What it reported doing in 2024
Banana fana preschool (bfp) is a mission-driven early childhood education program serving families across the greater san francisco area, with a strong focus on supporting historically underserved communities in the mission district. While our childcare center operates as a tuition-based program to sustain daily operations, we are also a tax-exempt nonprofit organization. This hybrid model allows us to balance sustainability with impact, using grants, donations, and community partnerships to reduce financial barriers and expand access to high-quality care for families who might otherwise be unable to afford it.
Operating model
- Revenue model
- Earned-program. 78% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 60
- Accountability: 69
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.6%; rating input score 84
- Program expense ratio: 96.9%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 38.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 31.4% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 27.8% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 83.6% of revenue deployed · 96.9% of spending went to programs
- Governance: 5 of 6 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $153K · 8 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $167K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Sustainability: Officer compensation ratio scored 25/100.