Palcare Inc

Nonprofit profile at a glance

EIN
943048383
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Burlingame, CA, USA
Phone
6503401289
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Child Day Care

Official website

Reported finances

Revenue
$6,474,533
Expenses
$5,514,139
Assets
$5,509,486
Liabilities
$1,668,186

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • WILLIAM PITNEY (PRESIDENT)
  • JEAN CARAMATTI (VICE PRESIDENT)
  • LISA KIESSELBACH (EXECUTIVE DIRECTOR)
  • ALLISON RIOZZIE HAAS (ASSOCIATE EXECUTIVE DIRECTOR)

Highest reported compensation

  • LISA KIESSELBACH (EXECUTIVE DIRECTOR): $172,951 total reported compensation
  • KARLA ESTRADA UNTIL 032025 (DIRECTOR OF FINANCE): $129,476 total reported compensation
  • ALLISON RIOZZIE HAAS (ASSOCIATE EXECUTIVE DIRECTOR): $125,998 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide high quality, flexible, affordable child care, early education and support to families employed at the sf international airport and in the surrounding communities; and to serve as a model of collaboration, innovation and advocacy for children, working families and the child care profession.

What it reported doing in 2024

Palcare preschool/pre-k programpalcare's preschool/pre-k program comprises academically distinct preschool and pre- kindergarten components. The preschool classroom is organized into learning areas so that children can find the materials they wish to use. The learning centers include the library, dramatic play, art and construction blocks, manipulatives and puzzles, science, math, natural history, language and music. Most materials are available to the children on open shelves. Teaching teams transform the environment periodically to provide new opportunities. Each classroom contains several small spaces to encourage small group play and to provide a bit of privacy that children need. Parents are strongly encouraged to help us to develop the environment by bringing in more props for a learning center or something of beauty or curiosity from the natural world for the children to explore. Our play yard has a current design of climbing structures, which is challenging, yet safe. The yard also features playhouses, a trike run, sand box, balance toys, sensory tables, art easels, balls and more. The yard meets the latest playground safety regulations and is still lots of fun.our pre-kindergarten program is designed to prepare children to be successful and comfortable in kindergarten, whether they go to kindergarten in the fall of the current year or spend two years in our program and head to kindergarten the following fall. The public school requirement for kindergarten is that children must be five years old by september 1st. We believe that learning and development is not a race but a complex, rich process. Everything we plan and do with the children is intended to help them have a strong, solid foundation. Our approach includes daily experiences in language, literacy, mathematics, natural science, music and art. Our group size of approximately ninety-one (91) with the 3-5 year old age group, with credentialed, experienced pre-kindergarten teachers, ensures that the children will receive individual attention and support for their learning. Every week the children have enrichment classes in music and movement education in addition to their classroom daily activities. Each child may also participate in the "raising a reader" book bag program, a wonderful literacy building experience.

Operating model

Revenue model
Earned-program. 86% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.7%; rating input score 71
  • Program expense ratio: 83.2%; rating input score 83
  • Fundraising efficiency: $36.04 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.8%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 70.7% of revenue deployed · 83.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $4.6M in reported program spending
  • Leadership: top reported pay $173K · 14 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $722K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.