Civic Intelligence

Redwood City Child Development Program Inc.

990 • Fiscal year 2021 • EIN 94-3017184

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

2600 Middlefield RoadRedwood City, CA 94063

(650) 780-7520

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$78,080

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

12th percentile

-5.6%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.5%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$323,231

Down $19,238 (-5.6%) from 2020

Net Assets

Up

$230,083

Up $149,286 (+185%) from 2020

Liabilities

Down

$93,148

Down $168,524 (-64%) from 2020

Revenue

Up

$1,285,035

Up $89,446 (+7.5%) from 2020

Expenses

Down

$1,131,798

Down $95,626 (-7.8%) from 2020

Net Income

Up

$153,237

Up $185,072 (+581%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $218,738Liabilities 2011: $84,315Net Assets 2011: $134,4232011Assets 2012: $172,911Liabilities 2012: $52,543Net Assets 2012: $120,3682012Assets 2013: $183,778Liabilities 2013: $45,432Net Assets 2013: $138,3462013Assets 2014: $188,020Liabilities 2014: $55,748Net Assets 2014: $132,2722014Assets 2015: $149,485Liabilities 2015: $43,336Net Assets 2015: $106,1492015Assets 2016: $170,194Liabilities 2016: $62,357Net Assets 2016: $107,8372016Assets 2017: $136,717Liabilities 2017: $44,254Net Assets 2017: $92,4632017Assets 2018: $249,272Liabilities 2018: $142,857Net Assets 2018: $106,4152018Assets 2019: $230,782Liabilities 2019: $137,907Net Assets 2019: $92,8752019Assets 2020: $342,469Liabilities 2020: $261,672Net Assets 2020: $80,7972020Assets 2021: $323,231Liabilities 2021: $93,148Net Assets 2021: $230,0832021Assets 2022: $485,842Liabilities 2022: $347,915Net Assets 2022: $137,9272022Assets 2023: $908,673Liabilities 2023: $686,512Net Assets 2023: $222,1612023Assets 2024: $1,394,855Liabilities 2024: $1,136,832Net Assets 2024: $258,0232024

Highlighted filing

2021

Assets$323,231
Liabilities$93,148
Net Assets$230,083

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $809,310Expenses 2011: $798,760Net Income 2011: $10,5502011Revenue 2012: $757,300Expenses 2012: $771,355Net Income 2012: -$14,0552012Revenue 2013: $682,872Expenses 2013: $664,894Net Income 2013: $17,9782013Revenue 2014: $746,083Expenses 2014: $752,157Net Income 2014: -$6,0742014Revenue 2015: $779,137Expenses 2015: $805,260Net Income 2015: -$26,1232015Revenue 2016: $883,561Expenses 2016: $881,873Net Income 2016: $1,6882016Revenue 2017: $1,009,881Expenses 2017: $1,025,255Net Income 2017: -$15,3742017Revenue 2018: $1,077,456Expenses 2018: $1,063,504Net Income 2018: $13,9522018Revenue 2019: $1,137,566Expenses 2019: $1,151,106Net Income 2019: -$13,5402019Revenue 2020: $1,195,589Expenses 2020: $1,227,424Net Income 2020: -$31,8352020Revenue 2021: $1,285,035Expenses 2021: $1,131,798Net Income 2021: $153,2372021Revenue 2022: $1,161,698Expenses 2022: $1,149,988Net Income 2022: $11,7102022Revenue 2023: $1,652,676Expenses 2023: $1,564,491Net Income 2023: $88,1852023Revenue 2024: $1,854,284Expenses 2024: $1,814,471Net Income 2024: $39,8132024

Highlighted filing

2021

Revenue$1,285,035
Expenses$1,131,798
Net Income$153,237
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.0
Gross Receipts
$1,285,035
Mission and Program Overview

Mission

Provide quality infant care and preschool programs for residents of redwoodcity and adjacent areas.

Child care and development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$178,327$144,131▼ $34,196
Accounts Receivable$44,543$137,848▲ $93,305
Land, Buildings, and Equipment, Net$19,757$15,806▼ $3,951
Cash and Non-Interest-Bearing Accounts$86,500$14,316▼ $72,184
Prepaid Expenses and Deferred Charges$13,342$11,130▼ $2,212
Total Assets$342,469$323,231▼ $19,238
Liabilities
Unsecured Notes Loans Payable$156,500--
Accounts Payable and Accrued Expenses$99,778$84,369▼ $15,409
Other Liabilities$5,394$5,397▲ $3
Deferred Revenue-$3,382-
Total Liabilities$261,672$93,148▼ $168,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,797$230,083▲ $149,286
Total Net Assets Fund Balance$80,797$230,083▲ $149,286
Total Liabilities and Net Assets / Fund Balance$342,469$323,231▼ $19,238

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,806$142,746$158,552
Equipment-$6,006$6,006
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa PenisiniExecutive DiFT$78,080$78,080

Board Members and Trustees

NameTitle
Glenn SnyderPresident
Efrat ShimmiDirector
Hank ScherfDirector
Sherry WarpSecretary
Kathryn SchmidtTreasurer
Patricia HartVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,255,890
Program Service Revenue
$29,100
Investment Income
$45
Other Revenue
$0
All Other Contributions
$8,642
Change in Net Assets
$153,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,285,035
Revenue Not Reported on Form 990
$37,440
Total Revenue per Audited Statements
$1,322,475
Total Revenue per Form 990
$1,285,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$948,944
Other Expenses$182,854
Total Fundraising Expense$676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$619,521$32,706-$652,227
Other Employee Benefits$154,403$8,870-$163,273
Current Officers, Directors, Trustees, and Key Employees$72,614$5,466-$78,080
Payroll Taxes$52,357$3,007-$55,364
Fees for Services Accounting-$28,371-$28,371
Office Expenses$6,800$18,360-$25,160
Insurance-$6,373-$6,373
All Other Expenses-$2,356$676$3,032
Other Expenses$14,810$1,766-$1,766
Total Functional Expenses$1,023,847$107,275$676$1,131,798

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,169,238
Expenses per Audited Statements$1,131,798
Total Expenses per Form 990$1,131,798
Expenses Not Reported on Form 990$37,440
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve$5,397
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is presented to the board for review.

Form 990, Page 6, Part VI, Line 12C

Annual review of policy with board and executive director.

Form 990, Page 6, Part VI, Line 15A

Compensation determined and approved by board of directors based on comparable salaries for position based on local data.

Form 990, Page 6, Part VI, Line 15B

Compensation determined and approved by board of directors based on comparable salaries for position based on local data.

Form 990, Page 6, Part VI, Line 19

The governing documents,conflict of interest policy and financial statements are made available upon request, administered by the executive director.

Filing and Contact Details

Filer

Filer Name
Redwood City Child Development
EIN
94-3017184
Phone
6507807520
Address
2600 MIDDLEFIELD ROAD, REDWOOD CITY, CA 94063

Signing Officer

Name
Lisa Penisini
Title
Executive Director
Phone
6507807521
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Penisini
Formed
1986
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
21
Volunteers
3

Preparer

Firm
Grant Bennett Associates
Address
10850 GOLD CENTER DR STE 260, RANCHO CORDOVA, CA 95670-5143
Preparer
Michael R Marucheau
Phone
9169225109
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Depreciation on assets purch w grant funds -3,951

Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt037440
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt037440
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0187200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt068
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0334
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0363877
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IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt05528506
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01293330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01185118
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01092000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01025722
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0932336
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05528506
IRS990ScheduleA/TotalSupportAmt05528840
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt037440
IRS990ScheduleD/DonatedServicesUseFcltsAmt037440
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06006
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06006
IRS990ScheduleD/ExpensesNotReportedAmt037440
IRS990ScheduleD/ExpensesSubtotalAmt01131798
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015806
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0142746
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE
IRS990ScheduleD/RevenueNotReportedAmt037440
IRS990ScheduleD/RevenueSubtotalAmt01285035
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015806
IRS990ScheduleD/TotalExpensesPerForm990Amt01131798
IRS990ScheduleD/TotalLiabilityAmt05397
IRS990ScheduleD/TotalRevenuePerForm990Amt01285035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01322475
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01169238
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REVIEW OF POLICY WITH BOARD AND EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION DETERMINED AND APPROVED BY BOARD OF DIRECTORS BASED ON COMPARABLE SALARIES FOR POSITION BASED ON LOCAL DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION DETERMINED AND APPROVED BY BOARD OF DIRECTORS BASED ON COMPARABLE SALARIES FOR POSITION BASED ON LOCAL DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST, ADMINISTERED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DEPRECIATION ON ASSETS PURCH W GRANT FUNDS -3,951
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0342469
IRS990/TotalAssetsEOYAmt0323231
IRS990/TotalAssetsGrp/BOYAmt0342469
IRS990/TotalAssetsGrp/EOYAmt0323231
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01255890
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0676
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107275
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01023847
IRS990/TotalFunctionalExpensesGrp/TotalAmt01131798
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0261672
IRS990/TotalLiabilitiesEOYAmt093148
IRS990/TotalLiabilitiesGrp/BOYAmt0261672
IRS990/TotalLiabilitiesGrp/EOYAmt093148
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt080797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0230083
IRS990/TotalProgramServiceExpensesAmt01023847
IRS990/TotalProgramServiceRevenueAmt029100
IRS990/TotalReportableCompFromOrgAmt078080
IRS990/TotalRevenueGrp/ExclusionAmt045
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01285035
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0342469
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0323231
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0156500
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 MIDDLEFIELD ROAD
IRS990/USAddress/CityNm0REDWOOD CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094063
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA PENISINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06507807521
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REDWOOD CITY CHILD DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROGRAM
ReturnHeader/Filer/BusinessNameControlTxt0REDW
ReturnHeader/Filer/EIN0943017184
ReturnHeader/Filer/PhoneNum06507807520
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 MIDDLEFIELD ROAD
ReturnHeader/Filer/USAddress/CityNm0REDWOOD CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094063
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942692073
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANT BENNETT ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010850 GOLD CENTER DR STE 260
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANCHO CORDOVA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0956705143
ReturnHeader/PreparerPersonGrp/PhoneNum09169225109
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R MARUCHEAU
ReturnHeader/ReturnTs02022-05-13T14:41:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PENISINI
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.39$1.14$0.26$1.85$1.81$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.69$0.22$1.65$1.56$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.35$0.14$1.16$1.15$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.09$0.23$1.29$1.13$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.26$0.08$1.20$1.23$0.03
2019Summary only. Only limited summary data is available for this year.$0.23$0.14$0.09$1.14$1.15$0.01
2018Summary only. Only limited summary data is available for this year.$0.25$0.14$0.11$1.08$1.06$0.01
2017Summary only. Only limited summary data is available for this year.$0.14$0.04$0.09$1.01$1.03$0.02
2016Summary only. Only limited summary data is available for this year.$0.17$0.06$0.11$0.88$0.88$0.00
2015Summary only. Only limited summary data is available for this year.$0.15$0.04$0.11$0.78$0.81$0.03
2014Summary only. Only limited summary data is available for this year.$0.19$0.06$0.13$0.75$0.75$0.01
2013Summary only. Only limited summary data is available for this year.$0.18$0.05$0.14$0.68$0.66$0.02
2012Summary only. Only limited summary data is available for this year.$0.17$0.05$0.12$0.76$0.77$0.01
2011Summary only. Only limited summary data is available for this year.$0.22$0.08$0.13$0.81$0.80$0.01