Virginia Early Childhood Foundation
1703 N Parham Road, Suite 110
Richmond VA 23229
Mission Statement
The Virginia Early Childhood Foundation's (VECF) mission is to serve as the non-partisan steward and capacity-builder for advancing school readiness in the Commonwealth.  Our vision is that every child is prepared for school, laying the foundation for workforce and life success.
Web and Social Media
Leadership
CEO/Executive Director Ms. Kathy Glazer
Board Chair Mr. Bill Ermatinger
Board Chair Company Affiliation Huntington Ingalls Industries
Contact Information
Address 1703 N Parham Road, Suite 110
Richmond, VA 23229
Telephone 804 358-8323
Fax 804 358-8353
E-mail info@vecf.org
History and Background
Year of Incorporation 2006
Financial Summary
 
 
Projected Revenue $5,278,952.00
Projected Expenses $5,937,722.00
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
The Virginia Early Childhood Foundation's (VECF) mission is to serve as the non-partisan steward and capacity-builder for advancing school readiness in the Commonwealth.  Our vision is that every child is prepared for school, laying the foundation for workforce and life success.
Impact

Smart Beginnings initiatives are effectively helping to advance 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. Another important indicator of success is the level of diverse funding and support harnessed by VECF and Smart Beginnings partners. During FY16, more than $30 million was leveraged for school readiness initiatives with $1.5 million in state funds – a 20 to 1 return on investment.

As the Virginia Early Childhood Foundation strides into its second decade, we are capitalizing on the strong foundation established over the past decade with sharpened focus and strategies. Positive 10-year trends for many school readiness indicators in Virginia are encouraging. While this demonstrates real progress, the data also indicate that some children are not experiencing gains at the same pace. Along with our partners, VECF is reaffirming its efforts to support a strong early start for all children in all families and communities across the Commonwealth.


Needs

The foundation for school readiness and academic success is built before children enter kindergarten.  The higher the quality of care and education children receive in their earliest years, the more likely they will start school in good health and with the intellectual and social/emotional skills needed to succeed. Children who enter kindergarten healthy and ready to learn have greater success throughout their education and are more likely to become productive employees and citizens.

Research shows that the single most important factor in learning outcomes for young children is the capabilities of the adults who support their growth and learning. In fact, beyond family factors, nothing is more important to a child’s development than the quality of his or her early education teachers. And since more than 60% of Virginia children live in families in which all parents work and therefore experience non-parental early care and education, it is critical to ensure that early experiences – beginning in infancy and extending to kindergarten entry – are as nurturing, effective, and learning-rich as possible.

Without a strong start, our children and our communities face poor outcomes. In Virginia, 1 in 8 children lack the skills needed to start school prepared to learn. Virginia taxpayers pay more than $61 million/year for students who repeat a grade between kindergarten and third grade; students who don’t read well by third grade are four times more likely to drop out of school. Dropouts, in turn, are eight times more likely to commit crimes and spend time in prison. Investing in quality early education can turn these outcomes around.

 
Background
Since its founding in 2005, the Virginia Early Childhood Foundation (VECF) has established its role as the state's trusted partner in advancing school readiness.  VECF has benefited from strong support and leadership from Virginia's business community, underscoring the direct link between a quality early start for children and a productive future workforce.  Building on this commitment, VECF and its partners leverage additional funds for school readiness, driving home the importance of VECF's systems-building work and yielding an impressive return on investment for the Commonwealth.
 
VECF's first decade has been marked by milestones, with the initial focus on building the Commonwealth's cornerstone state-to-local network for early childhood development, Smart Beginnings, and the current focus on strengthening, refining and leveraging that network to benefit all children and families in Virginia.  At every step, VECF has emphasized non-partisan leadership and results to fulfill its vision that every child in Virginia will arrive at kindergarten health and ready to succeed, laying the foundation for workforce and life success. 
Areas of Service
Areas Served
Area
Statewide
Board Chair
Board Chair Mr. Bill Ermatinger
Company Affiliation Huntington Ingalls Industries
Term July 2017 to June 2019
Email bill.ermatinger@hii-co.com
Board of Directors
Board Members
NameAffiliation
Mr. Adrian P. Chapman Washington Gas
Mr. Thomas N. Chewning Dominion Resources, Inc. (retired)
Ms. Alexandra B. Cunningham Hunton & Williams
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
Mr. Robert Hurt Liberty University
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
Dr. Cynthia Romero M. Foscue Brock Institute for Community and Global Health
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 1
Caucasian 20
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 16
Female 8
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Number of Full Board Meetings Annually 4
Standing Committees
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. Amy Hatheway Vice President 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 2
Volunteers 24
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

There are many factors that influence a child’s development during the critical first brain-building years. Elements of health, learning, social services, and others combine to provide the foundation for the brain’s rapidly growing architecture. Helping coordinate these elements into a coherent, aligned whole -- systems building -- is a key part of our work.

The Virginia Early Childhood Foundation serves as the convener between public and private sectors to increase efficiencies, encourage innovation and create partnerships. The Foundation acts as the backbone for a statewide network of Smart Beginnings collaborative partnerships that convene community leaders to build the capacity of local communities to create optimal environments for children's growth and development.

 
Description

An early childhood system is only as good as the quality of its programs and its teachers. This is why VECF places so much emphasis on supporting continuous cycles of improvement to ensure every child and family has access to high-quality learning opportunities which lead directly to school readiness.

On the program level, VECF co-administers the Virginia Quality rating and improvement system with the Virginia Department of Social Services. Virginia Quality is a way for providers to be acknowledged and supported in implementing research-backed best practices.

On the teacher level, VECF helps lead several initiatives around quality, including a major push for increasing the skills of our early learning workforce.

Description

If used strategically, data can be an invaluable tool in helping to shape an effective and efficient early childhood system.

VECF is committed to making sure the Commonwealth’s early childhood data systems are able to guide and support the broader system, and that research across the state is being coordinated and connected in ways that lead to a meaningful impact on children’s school readiness.

VECF also works to ensure that the Commonwealth’s policymakers have access to the information they need to make policy decisions that support a healthy and effective early childhood sector. This includes access to local and national research, best practices from other states, and on-the-ground experiences of stakeholders.

Fiscal Year
Projected Revenue $5,278,952.00
Projected Expenses $5,937,722.00
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 Year201620152014
Foundation and
Corporation Contributions
$819,500$856,019$395,339
Government Contributions$2,254,405$2,143,093$1,946,394
Federal------
State$1,868,092$1,798,307$1,946,394
Local------
Unspecified$386,313$344,786--
Individual Contributions$62,478$278,813$93,685
------
------
Investment Income, Net of Losses$1,462$1,052$5,172
Membership Dues------
Special Events------
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201620152014
Program Expense$2,862,300$3,067,274$3,013,801
Administration Expense$71,336$76,816$81,175
Fundraising Expense$121,484$138,549$90,646
Payments to Affiliates------
Total Revenue/Total Expenses1.021.000.77
Program Expense/Total Expenses94%93%95%
Fundraising Expense/Contributed Revenue4%4%4%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$2,296,890$2,323,331$2,386,739
Current Assets$2,296,204$2,248,263$2,386,075
Long-Term Liabilities$0$0--
Current Liabilities$233,877$325,543$385,289
Total Net Assets$2,063,013$1,997,788$2,001,450
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities9.826.916.19
Long Term Solvency
Fiscal Year201620152014
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