Virginia Early Childhood Foundation
1703 N Parham Road, Suite 110
Richmond VA 23229
Mission Statement
Virginia Early Childhood Foundation is the non-partisan steward and capacity-builder for advancing school readiness in the Commonwealth.
 
Vision: Every Virginia child is prepared for school, laying the foundation for workforce and life success.
Leadership
CEO/Executive Director Ms. Kathy Glazer
Board Chair Mr. Reginald N. Jones
Board Chair Company Affiliation Williams Mullen
Contact Information
Address 1703 N Parham Road, Suite 110
Richmond, VA 23229
Telephone 804 358-8323
Fax 804 358-8353
E-mail betsy@vecf.org
History and Background
Year of Incorporation 2006
Financial Summary
 
 
Projected Revenue $5,406,431.00
Projected Expenses $5,233,352.00
Additional Documents
2014-2015 Annual Report2015View
2013-2014 Annual Report2014View
2012-2013 Annual Report2013View
2011-2012 Annual Report2012View
2010-2011 Annual Report2011View
2009-2010 Annual Report2010View
Statements
Mission
Virginia Early Childhood Foundation is the non-partisan steward and capacity-builder for advancing school readiness in the Commonwealth.
 
Vision: Every Virginia child is prepared for school, laying the foundation for workforce and life success.
Impact
Accomplishments: 
Smart Beginnings coalitions are advancing school readiness in their communities as demonstrated by improved kindergarten literacy scores, reduced rates of grade retention and reduced rates of the need for reading interventions. 
 
VECF and Smart Beginnings partners leveraged more than $30 million for school readiness initiatives with $1.5 million in state funds.
 
VECF operates efficiently; operating costs are 6% of its budget.
 
In an effort to provide better measures and tools to inform performance and guide progress in advancing Virginia's school readiness, VECF releases a biennial School Readiness Report Card and provides a school readiness interactive map on its website.  
 
Goals:
VECF will guide efforts of the public/private Smart Beginnings initiative, working efficiently to provide a strong first rung on the ladder to a capable workforce and prosperous Commonwealth.
 
A sharp focus on data collection and analysis will help guide and inform program, budget and policy decisions.
 
VECF will forge public and private partnerships that build capacity for increasing school readiness at the state and local levels.
Needs

In Virginia, one in eight children arrives at kindergarten without the basic skills needed to succeed in school. Research shows that children who enter kindergarten healthy and ready to learn have greater success along the education pipeline and become well prepared, productive employees and citizens. VECF and its Smart Beginnings partners work to build and strengthen early childhood infrastructures that create the foundation needed for success in school, work and life. Children who are exposed to quality learning at a young age perform better academically; are more likely to graduate from high school; own a home; and stay out of trouble with the law. With the majority of a child’s brain developing during the first 5 years of life, the quality of care a child receives during this time is critical. Children with access to high quality early learning experiences are more likely to acquire the skills they need to enter kindergarten ready to succeed. Virginia Quality was created to provide a consistent way to distinguish the level of quality in early education programs, allowing families to make more informed choices and child care providers a way to improve the quality of their services. 

Background
In 2006, the Virginia Early Childhood Foundation was created as a public/private partnership with the Commonwealth to support local communities in building early childhood collaborations to deliver high quality early childhood development experiences for Virginia's youngest citizens.  The Foundation operates as an independent nonprofit organization, led by a diverse and accomplished board of directors, representing all regions of the state.  Through its leadership of the Smart Beginnings initiative, the Foundation works to ensure that Virginia's children are prepared to succeed in a highly competitive and complex world.  Smart Beginnings initiatives also help parents to become effective first teachers for their children.  It is the Foundation's goal to give Virginia's children a "Smart Beginning" for success in school, at home, in the workplace and in service to our nation.
Areas of Service
Areas Served
Area
Statewide
Board Chair
Board Chair Mr. Reginald N. Jones
Company Affiliation Williams Mullen
Term July 2015 to June 2017
Email rjones@williamsmullen.com
Board of Directors
Board Members
NameAffiliation
Mr. Adrian P. Chapman Washington Gas
Mr. Thomas N. Chewning Dominion Resources, Inc. (retired)
Mr. Ben J. Davenport Jr.First Piedmont Corporation
Ms. Deborah DiCroce Hampton Roads Community Foundation
Mr. Glenn DuBois Virginia Community College System
Ms. Darla Edwards Successful Innovations
Mr. William R. Ermatinger Huntington Ingalls Industries
Mr. Mark Gordon St. Francis Medical Center
Honorable Todd Haymore Secretary of Commerce and Trade
Honorable William Hazel Secretary of Health and Human Resources
Reginald N. Jones EsquireWilliam Mullins Clark & Dobbins
Mr. Paul D. Koonce Dominion
Mr. Ned W. Massee MeadWestvaco
Ms. Monica Q. Matherly Wells Fargo
Mr. Jeffrey Novak AOL
Dr. William C. Rees Burke Pediatrics
Ms. Beth Rhinehart Wellmont Health System
Ms. Carrie Roth Virginia Biotechnology Research Park
Mr. Nicholas Sladic Capital One
Honorable Dietra Trent Secretary of Education
Mr. John A. Weinberg Federal Reserve Bank of Richmond
Board Demographics - Ethnicity
African American/Black 3
Asian American/Pacific Islander 0
Caucasian 18
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 15
Female 6
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Written Board Selection Criteria? Under Development
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Number of Full Board Meetings Annually 4
Standing Committees
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Finance
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Ms. Kathy Glazer
Experience

Kathryn V. Glazer is the VECF’s President and CEO. She was appointed by the Board of Directors on December 14, 2011 and began her post on January 16, 2012. Kathy Glazer is a long-time advocate for policies benefiting young children and families in Virginia. Glazer’s most recent position was Director of State Services for the national Build Initiative. In this capacity, she provided technical assistance and strategic advice to leaders in nine states in support of their early childhood agendas. In addition, she worked in partnership with researchers, other national partners and federal representatives on policy priorities to assist states in their service to young children and families.

Prior to Build she served in Virginia state government in positions including Executive Director of the Governor’s Working Group on Early Childhood Initiatives and Director of the Office of Early Childhood Development. In these roles, she collaborated with leaders in numerous agencies to coordinate programs and policies to maximize resources for young children.

Glazer also forged public-private partnerships, providing leadership for the development of the Commonwealth’s Smart Beginnings and strategic plan process, as well as assistance with creation of the Virginia Early Childhood Foundation. She helped initiate Virginia’s quality rating and improvement system to inform parents about the importance of quality in early learning settings that they select for their children.

Glazer earned her undergraduate degree at the University of Georgia and her Master’s Degree in Public Administration at Virginia Commonwealth University.

Former CEOs
NameTerm
Mr. Scott L. Hippert Apr 2007 - Dec 2011
Senior Staff
NameTitle
Ms. Karin A. Bowles Director of Strategy
Ms. Dora Butler Director of Community Investments
Ms. Kris A. Meyers Director of Quality Improvement
Ms. Betsy Pollard Director of Development
Staff
Full Time Staff 9
Part Time Staff 3
Volunteers 21
Contractors 3
Retention Rate 70
Plans
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 4
Date Strategic Plan Adopted June 2012
Management Succession Plan? No
Organization Policy and Procedures Yes
Whistleblower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
Collaborations
Smart Beginnings Initiatives Statewide
State Council of Higher Education for Virginia 
Virginia Chamber of Commerce 
Virginia Community College System 
Virginia Department of Education
Virginia Department of Health
Virginia Department of Social Services
 
 
Awards
Awards
Award/RecognitionOrganizationYear
Best Practice of a Public Private PartnershipNational Governor's Association2008
PR News' Nonprofit PR Awards - PR on a ShoestringPR News2011
VA Public Relations Merit Award for Smart Beginnings Start with Families CampaignRichmond Chapter PRSA2015
Outstanding Philanthropic FoundationAssociation of Fundraising Professionals Virginia Piedmont Chapter2016
Programs
Description
VECF builds community-driven enterprises called Smart Beginnings, which devise local solutions to school readiness in nearly 100 cities and counties.
 
Smart Beginnings brings together and connects community stakeholders, including families, schools, early care providers, faith-based organizations, higher education, businesses and others and drives this community-based network by facilitating local leadership, diverse investment, coordinated planning, and data-driven decision making.
 
VECF is the "backbone" for the Smart Beginnings network, providing strategic leadership, technical assistance, and financial resources as communities develop solutions to local and regional challenges impacting the healthy development of young children.
 
Uniquely positioned as the bridge between local and state level early childhood efforts in Virginia, VECF uses lessons learned at the local level to inform state policy and promote successful innovations to benefit Virginia's statewide school readiness. 
 
Budget $884,535.00
Description
VECF is the statewide, private sector partner in implementing Virginia Quality, the state's quality rating and improvement system focused on child care centers, preschools, and family child care homes.
 
Virginia Quality provides step-by-step support so that programs can voluntarily improve the quality of their services and parents have an objective source of information about programs options. 
Budget $656,951.00
Fiscal Year
Projected Revenue $5,406,431.00
Projected Expenses $5,233,352.00
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$856,019$395,339$354,400
Government Contributions$2,143,093$1,946,394$2,070,608
Federal------
State$1,798,307$1,946,394$2,070,608
Local------
Unspecified$344,786----
Individual Contributions$278,813$93,685$98,921
------
------
Investment Income, Net of Losses$1,052$5,172$5,328
Membership Dues------
Special Events------
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$3,067,274$3,013,801$2,723,829
Administration Expense$76,816$81,175$81,511
Fundraising Expense$138,549$90,646$95,541
Payments to Affiliates------
Total Revenue/Total Expenses1.000.770.87
Program Expense/Total Expenses93%95%94%
Fundraising Expense/Contributed Revenue4%4%4%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$2,323,331$2,386,739$2,908,501
Current Assets$2,248,263$2,386,075$2,409,545
Long-Term Liabilities$0----
Current Liabilities$325,543$385,289$162,019
Total Net Assets$1,997,788$2,001,450$2,746,482
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities6.916.1914.87
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2016View
Comments
Foundation Comments
  • Form 990 and audit prepared by Larry Saunders & Associates, LLC
  • Financial information provided by audit