Palcare
- Assets
- $3.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Burlingame, CA
- Founding
- 08/1993
- Data as of
- 06/2021
- EIN
- 94-3048383
Organization Overview
Palcare is located in Burlingame, CA. The organization was established in 1993. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2021, Palcare employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palcare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Palcare generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CHILD CARE AND EARLY EDUCATION AND TO ADVOCATE FOR THE CHANGING NEEDS OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CHILDCARE AND EARLY EDUCATION TO FAMILIES OF ALL INCOME LEVELS, SERVINGCHILDREN BETWEEN THE AGES OF 3 MONTHS TO PRE-KINDERGATEN. PALCARE CONTINUED ITS THEPALCARE LITERACY INNOVATION PROJECT HOSTING GUEST READERS INCLUDING PARENTS,GRANDPARENTS AND COMMUNITY MEMBERS, FIRE FIGHTERS, POLICY OFFICERS, COUNTYSUPERVISORS AND PALCARE ALUMNI STUDENTS NOW IN MIDDLE SCHOOL AND HIGH SCHOOL. GUESTREADERS HELP ACHIEVE THE PROGRAMS FOAL OF A WIDER PRESENCE IN THE COMMUNITY, AS WELLAS LEARNING ABOUT OUR COMMUNITY IN THE CLASSROOM.DURING THE MONTH OF APRIL, PALCARE CELEBRATED ITS 26TH YEAR PROVIDING CHILDCARE ANDEARLY EDUCATION TO CHILDREN AND SUPPORT TO FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Kiesselbach Executive Dir. | Officer | 40 | $125,000 |
William Pitney President | OfficerTrustee | 1 | $0 |
Jean Caramatti Vice President | OfficerTrustee | 1 | $0 |
Scott Johnson Secretary | OfficerTrustee | 1 | $0 |
John Delaney Treasurer | OfficerTrustee | 1 | $0 |
Steven Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,964,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,108,523 |
| Total Program Service Revenue | $2,082,434 |
| Investment income | $446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,196,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $18,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,053,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,222 |
| Payroll taxes | $214,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,047 |
| Advertising and promotion | $11,488 |
| Office expenses | $65,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,741 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,296 |
| Interest | $16,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,949 |
| Insurance | $25,432 |
| All other expenses | $64,204 |
| Total functional expenses | $3,589,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,174 |
| Savings and temporary cash investments | $791,443 |
| Pledges and grants receivable | $175,963 |
| Accounts receivable, net | $3,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,367 |
| Net Land, buildings, and equipment | $1,699,027 |
| Investments—publicly traded securities | $437,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,480,032 |
| Accounts payable and accrued expenses | $548,019 |
| Grants payable | $0 |
| Deferred revenue | $149,474 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $697,493 |
| Net assets without donor restrictions | $2,782,539 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,480,032 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Palcare has recieved totaling $77,884.
| Awarding Organization | Amount |
|---|---|
Carl Gellert And Celia Berta Gellert Foundation Daly City, CA PURPOSE: PALCARE SCHOLARSHIP PROGRAM | $50,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $10,000 |
Morton Foundation Lafayette, CA PURPOSE: TO SUPPORT THE INDIGENT | $10,000 |
Sutter Bay Medical Foundation Sacramento, CA PURPOSE: PROGRAM SUPPORT | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |
Central California Child Development Services Ceres, CA | $5,867,759 | $17,911,125 |
Child Care Coordinating Council Of San Mateo County Inc Redwood City, CA | $6,695,792 | $17,903,623 |
Sjb Child Development Centers San Jose, CA | $5,435,445 | $16,724,123 |
Quality Childrens Services Carlsbad, CA | $6,642,630 | $14,225,799 |
B J Jordan Child Care Programs Inc Sacramento, CA | $3,184,918 | $12,848,102 |
Child Lane Signal Hill, CA | $3,930,326 | $12,699,593 |
Child Development Consortium Of Los Angeles Inc Los Angeles, CA | $4,690,183 | $12,931,725 |
The Resource Connection Of Amador And Calaveras Counties Inc San Andreas, CA | $6,713,065 | $11,772,962 |
California Childrens Academy Los Angeles, CA | $2,968,947 | $10,881,122 |
Santa Barbara Family Care Center Santa Maria, CA | $1,622,293 | $10,784,346 |
The Childrens Collective Inc Los Angeles, CA | $3,341,814 | $9,814,488 |