Virginia Early Childhood Foundation
- Assets
- $39.8m
- Revenue
- $41.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Henrico, VA
- Founding
- 03/2006
- Data as of
- 06/2022
- EIN
- 20-3970624
Organization Overview
Virginia Early Childhood Foundation is located in Henrico, VA. The organization was established in 2006. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Virginia Early Childhood Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Early Childhood Foundation 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 06/2022, Virginia Early Childhood Foundation generated $41.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $40.6m during the year ending 06/2022. While expenses have increased by 44.7% per year over the past 7 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.
Since 2015, Virginia Early Childhood Foundation has awarded 178 individual grants totaling $59,640,598. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA EARLY CHILDHOOD FOUNDATION BUILDS CAPACITY FOR PROMOTING CHILDREN'S SCHOOL READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VECF ACTS AS THE BACKBONE FOR A STATEWIDE NETWORK OF SMART BEGINNINGS COLLABORATIVE PARTNERSHIPS THAT CONVENE LOCAL COMMUNITY LEADERS TO BUILD THE CAPACITY TO CREATE OPTIMAL ENVIRONMENTS FOR CHILDREN'S GROWTH AND DEVELOPMENT. VECF ADMINISTERS SEVERAL ADDITIONAL LARGE GRANT INITIATIVES, EACH WITH THE GOAL OF IMPROVING COMMUNITY AND PARENT CAPACITY TO SUPPORT YOUNG CHILDREN'S HEALTHY DEVELOPMENT AND SCHOOL READINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn V Glazer President | Officer | 40 | $195,211 |
Kevin Curtis Treasurer | OfficerTrustee | 1 | $0 |
Robert Hurt Chair | OfficerTrustee | 1 | $0 |
Richard K Bynum Vice Chair | OfficerTrustee | 1 | $0 |
Dr Cynthia Romero Secretary | OfficerTrustee | 1 | $0 |
Todd Asbury Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Data Network Services Early Childhood Consulting | 6/29/22 | $414,843 |
Wonderschool Inc Early Childhood Consulting | 6/29/22 | $346,635 |
Capital Results Early Childhood Consulting | 6/29/22 | $291,924 |
Johnson Inc Early Childhood Consulting | 6/29/22 | $256,420 |
Mathematica Early Childhood Consulting | 6/29/22 | $240,127 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,148,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,050,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,198,707 |
| Total Program Service Revenue | $0 |
| Investment income | $574 |
| 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 | $41,199,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,562,780 |
| Grants and other assistance to domestic individuals. | $10,355,371 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,156 |
| Compensation of current officers, directors, key employees. | $23,316 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,148,016 |
| Pension plan accruals and contributions | $55,698 |
| Other employee benefits | $118,476 |
| Payroll taxes | $98,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,308 |
| Fees for services: Accounting | $58,625 |
| Fees for services: Lobbying | $9,700 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,116,728 |
| Advertising and promotion | $1,739 |
| Office expenses | $41,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,377 |
| Travel | $2,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,519 |
| Interest | $40,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,026 |
| Insurance | $8,061 |
| All other expenses | $0 |
| Total functional expenses | $40,641,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,792,971 |
| Savings and temporary cash investments | $446,781 |
| Pledges and grants receivable | $7,832,404 |
| Accounts receivable, net | $0 |
| 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 | $46,887 |
| Net Land, buildings, and equipment | $17,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,622,820 |
| Total assets | $39,759,006 |
| Accounts payable and accrued expenses | $593,208 |
| Grants payable | $4,671,826 |
| Deferred revenue | $0 |
| 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 | $2,045,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,619,053 |
| Total liabilities | $36,929,297 |
| Net assets without donor restrictions | $711,099 |
| Net assets with donor restrictions | $2,118,610 |
| 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 | $39,759,006 |
Grants Awarded
Over the last fiscal year, Virginia Early Childhood Foundation has awarded $24,546,575 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Henrico, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $4,048,522 |
Abingdon, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $3,625,230 |
Harrisonburg, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $3,539,577 |
Roanoke, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $2,214,019 |
Norfolk, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $1,907,171 |
Charlottesville, VA PURPOSE: CHILDHOOD/EDUCATIONAL DEVELOPMENT | $1,872,940 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Virginia Early Childhood Foundation has recieved totaling $161,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $103,500 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: MATCHING FUNDS GRANT TO SUPPORT VIRGINIA EARLY CHILDHOOD FOUNDATION'S CHILD CARE NEXT GRANT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Partnership For Children Inc Raleigh, NC | $10,232,802 | $109,841,772 |
National Student Clearinghouse Herndon, VA | $70,565,470 | $80,581,219 |
Virginia Early Childhood Foundation Henrico, VA | $39,759,006 | $41,199,281 |
Mecklenburg Partnership For Children Charlotte, NC | $3,360,557 | $28,062,403 |
Council For Advancement And Support Of Education Washington, DC | $33,602,600 | $32,913,153 |
American Indian Higher Education Consortium Alexandria, VA | $29,604,694 | $48,551,691 |
Guilford County Partnership For Children Inc Greensboro, NC | $1,133,559 | $15,560,026 |
Partnership For Children Of Cumberland County Inc Fayetteville, NC | $3,851,277 | $14,252,624 |
Moveon Org Civic Action Washington, DC | $4,457,959 | $10,598,957 |
Onslow County Partnership For Children Jacksonville, NC | $467,793 | $12,255,030 |
50can Inc Washington, DC | $11,451,169 | $14,699,448 |
Durhams Partnership For Children Durham, NC | $515,182 | $10,701,897 |