Overview
What is Virginia Early Childhood Foundation?
The Virginia Early Childhood Foundation is a nonprofit organization headquartered at 1703 N Parham Road 110, Henrico, Virginia, 23229. With a team of 19 dedicated individuals, their mission is to strengthen community partnerships and build capacity to enhance the growth and development of young children. They act as the backbone for a statewide network of collaborative initiatives, called Smart Beginnings, which convene local leaders to create optimal environments for children's healthy development and school readiness. Additionally, the Foundation administers various large grant programs aimed at improving community and parent capacity to support young children's healthy development and school readiness.
Official website here: www.vecf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Virginia Early Childhood Foundation has received an overall score of 82%, which reflects a strong emphasis on accountability and finance, scoring 81 in this area. This organization showcases robust financial management, indicated by a high program expense ratio of 99.52%, suggesting that nearly all of its funds are directed toward its programs. Additionally, it boasts a fully independent board, enhancing its governance credibility.
On the cultural and community side, the foundation performed exceptionally well, earning a score of 91. It has effectively implemented multiple equity practices, demonstrating a commitment to inclusivity and diversity within its operations. The strong oversight measures, such as an audit and oversight committee scoring full points, further underscore the organization's dedication to ethical practices.
However, there are some limitations noted, particularly concerning transparency. The absence of the tax form on the nonprofit's website marks a notable gap in accessibility to financial information. Additionally, the liabilities to assets ratio, while not a major concern, has room for improvement, as it received a low score of 0 out of 15 points. Overall, the foundation shows promise but could enhance its transparency and financial reporting.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Early Childhood Foundation legitimate?
Virginia Early Childhood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Early Childhood Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $233,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,148,016
For more financial information, click here
Official website here: www.vecf.org
What is the mission statement of Virginia Early Childhood Foundation?
The Virginia Early Childhood Foundation functions as the backbone for a statewide network, bringing together community leaders to enhance the capacity for promoting young children's school readiness. Their mission is geared towards building the capability to create optimal environments for children's growth and development. Through several significant grant initiatives, the Foundation aims to improve community and parental capacity to support children's healthy development and school readiness.
Official website here: www.vecf.org
Who is the CEO of Virginia Early Childhood Foundation?
Kathryn V Glazer is the Chair of Virginia Early Childhood Foundation.
Official website here: www.vecf.org
What is the revenue of Virginia Early Childhood Foundation?
Virginia Early Childhood Foundation's revenue in 2022 was $41,199,281.
Official website here: www.vecf.org
Who are the executives of Virginia Early Childhood Foundation and what are their salaries?
The average compensation at Virginia Early Childhood Foundation during 2022 was $72,693. There are 19 employees and 26 volunteers at Virginia Early Childhood Foundation.
Here are 29 key members and their salaries:
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- Compensation: $195,211
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- Other: $26,433
Official website here: www.vecf.org
Where can I find the form 990 for Virginia Early Childhood Foundation?
Virginia Early Childhood Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vecf.org
Learn more at the official website: www.vecf.org
Mission Statement of Virginia Early Childhood Foundation
The Virginia Early Childhood Foundation (VECF) is a dynamic organization that fosters the capability of local communities to create optimal environments for young children's growth and development, with a primary focus on school readiness. By acting as the backbone for a statewide network of Smart Beginnings collaborative partnerships, VECF brings together community leaders to build capacity and support healthy development and school readiness in children.
VECF's mission extends beyond simply supporting local initiatives. The Foundation administers several large grant initiatives, each with the shared goal of enhancing community and parent capacity to foster young children's healthy development and academic preparedness. Through its various programs, VECF empowers communities to create nurturing environments that cater to the unique needs of young children, paving the way for a strong foundation in their educational journey.
In essence, the Virginia Early Childhood Foundation serves as a catalyst for change, enabling communities to tap into their collective potential and invest in the future of their young children. By building capacity and fostering collaboration, VECF lays the groundwork for a brighter future, where every child has the opportunity to thrive and succeed.
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Impact
October, 2024
The Virginia Early Childhood Foundation significantly enhances children's school readiness by fostering collaboration among local community leaders. Through its statewide network of Smart Beginnings collaborative partnerships, it empowers communities to create optimal environments for children's growth and development. By administering various large grant initiatives, the foundation improves both community and parental capacities to support the healthy development of young children. This focused approach helps ensure that children are better prepared for school, ultimately leading to improved educational outcomes and lifelong success.
This information is meant to be a general summary of Virginia Early Childhood Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $574
- Gross Receipts: $41,199,281
Assets and Liabilities:
- Total Assets: $39,759,006
- Total Liabilities: $36,929,297
- Net Assets: $2,829,709
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Organization Details
Founding Year
2005
Phone
(804) 358-8323Principal Officer
Kathryn V Glazer
Main Address
1703 N PARHAM ROAD 110, HENRICO, VA, 23229
Website
www.vecf.orgNTEE Category
Code: B01 - Education
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