Peninsula Family Service
Nonprofit profile at a glance
- EIN
- 941186169
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- San Mateo, CA, USA
- Phone
- 6504034300
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $25,969,044
- Expenses
- $23,582,160
- Assets
- $15,283,947
- Liabilities
- $3,740,993
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- HEATHER CLEARY (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- HEATHER CLEARY (CHIEF EXECUTIVE OFFICER): $308,171 total reported compensation
- VIKKI DAVIS (CHIEF HR OFFICER): $284,643 total reported compensation
- INESSA SHISHMANYAN (CHIEF FINANCIAL OFFICER): $280,014 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Peninsula family service provides comprehensive services that support individuals and families at various stages of life. Founded in 1950, pfs has served our community for 76 years, providing innovative, professionally-led, locally targeted (continued on schedule o)solutions to secure the wellness and stability of our neighbors. We provide these services in four priority program areas: early learning, older adult services, employment services and financial empowerment.
What it reported doing in 2024
Early learning program our eight child development centers provide children (six weeks to five years old) from low-income and poverty-level families, including those who experience homelessness, with a safe, nurturing environment where they can learn, socialize, and thrive. We fuel that growth by providing nutritious meals - a healthy morning and afternoon snack, and lunch. The earliest years of infancy to preschool form a critical growth stage when more than 90 percent of brain development occurs. To achieve our goal of securing opportunity for every child in our community, we concentrate our early learning efforts on the neighborhoods and populations that need it most. (continued on schedule o)therapeutic interventions - we are known for excellence in assessment and customized, targeted interventions for our children who have experienced trauma.serving children experiencing homelessness - two of our early learning centers are dedicated to children living in transitional or emergency housing.high quality curriculum - we provide high-quality early learning curriculum taught in each of our early learning classrooms for all ages of our children: infants, toddlers, and preschoolers.stem from the start - peninsula family service is known for our stem from the start program, building comprehensive stem curriculum and fully trained teachers for our children from infants through school-age.school-age after school and summer programs - we extend our program to school-age children as we provide our club program of after-school and summer learning for children ages 5 to 12 (kindergarten through 5th grade).family engagement - we support the development of our children at home by educating parents on healthy parenting and the latest early childhood development techniques. We connect families to physical and behavioral health resources; work one-on-one with parents to ensure their needs as a family-unit are met; and educate parents on the latest early childhood development techniques so they can nurture their children's development during the critical early years.
Operating model
- Revenue model
- Grant-funded. 75% of the money available for current operations came from government grants.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 67
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.8%; rating input score 73
- Program expense ratio: 79.7%; rating input score 80
- Fundraising efficiency: $9.4 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: Pass
Sustainability
- Operating margin: 9.2%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 72.8% of revenue deployed · 79.7% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $18.8M in reported program spending
- Leadership: top reported pay $308K · 24 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.