Covenant Children's Center
Nonprofit profile at a glance
- EIN
- 800856991
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Palo Alto, CA, USA
- Phone
- 6504939505
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $1,661,501
- Expenses
- $1,460,322
- Assets
- $447,359
- Liabilities
- $90,827
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JOHN DIOIRO (PRESIDENT)
- KATE LAYTON (VICE PRESIDENT)
Highest reported compensation
- ALANNA O'HEA (DIRECTOR): $73,671 total reported compensation
- LAVON HOWARD (ASSISTANT DIRECTOR): $66,553 total reported compensation
- BRANDI ROBINSON (ASSISTANT DIRECTOR): $58,584 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 organization strives to create a nurturing family environment and guide the emotional and intellectual growth of young children with a focus on developing self-confidence and positive social skills - all while having fun.
What it reported doing in 2024
Daycare & pre-school services - the organization provides daycare services to children who are too young to begin traditional public schooling, as well as pre-kindergarten ("pre-school") services. There were approximately 70 students enrolled in the daycare and pre-school programs for the current fiscal year. The program has been in place since 1978 but was previously adminstered by the covenant presbyterian church until 2012. The learning experiences provided by the program are varied both through curriculum as well as play, and are designed to promote social, emotional, cognitive, and physical development.
Operating model
- Revenue model
- Earned-program. 77% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.8%; rating input score 68
- Program expense ratio: 77.2%; rating input score 77
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 12.1%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: -0.6% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 67.8% of revenue deployed · 77.2% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $74K · 9 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.