Elevate Early Education Inc

What it reported doing in 2024

E3: elevate early education raises awareness, advocates and creates innovative initiatives to give all children access to a quality education for the first eight years. The first eight years are a critical time in language and literacy development. In 2011, e3 set out to make early education a priority and increase state investment along with our strategic partners. E3's awareness, advocacy and innovative initiatives led to increased public-private investment ($199m+ and $40m+) and transformational policy change. Now, thousands of children and families have equitable access to quality early learning programs across Virginia. Virginia has made early education a top priority.the reading crisis is our next big problem to solve in communities across Virginia. E3's initiatives: pillar 1: awarenessreached 500k families with literacy activities. Raised awareness around the reading crisis through local and national media.launched the just read campaign and encouraged families to read for 15 minutes every day.partnered with 17 corporate sponsors and foundations to host six reading rallies in title i schools across Virginia for k-3 students. Provided 2,000 books.built a 10,000+ coalition of literacy champions and moved them to action. Pillar 2: policy + advocacy increased state investment for literacy initiatives during the 2025 general assembly session in partnership with virgina literacy partnerships @ uva to: implement the Virginia literacy act (curriculum, professional development, coaching and technical assistance for preschool to third grade).utilize the Virginia language and literacy screener system(vallss) to detect reading difficulties early and provide interventions to children in preschool through third grade.expand and increase funding for dolly parton's imagination library from $481k to $2.9m over the biennium. 3,790 letters sent by coalition to legislators in support of literacy investments.pillar 3: increase equitable access to books + high quality early education promoted and expanded dolly parton's imagination library in partnership with 88 local program partners. 909k quality books delivered in one year.reached 79,000 children and families enrolled in the imagination library.advocated and expanded the e3 school model to reach more children and families. Over 5,400 publicly funded early education programs across Virginia use streamin3 developed in our school by uva.provided 121 scholarships to underserved and working families at the e3 school. Celebrated 10+ years of excellence, innovation and impact at the e3 school with over 100+ alumni, business, civic, philanthropic leaders and policymakers.recognized by the commonwealth and the general assembly with a resolution for the e3 school's commitment to innovation and impact as a statewide model.pillar 4: k-3 literacy innovation + impact pilotspartnered with three school divisions in portsmouth, roanoke city and richmond public schools to launch pilots to help teachers teach reading effectively and increase the number of students reading by third grade in title i schools. Pillar 5: amplify impact + capacitylaunched the gil minor innovation + impact fund in partnership with the minor family.launched the tomorrow fund to increase equitable access and provide scholarships at the e3 school.cultivated partnerships with mission-aligned donors, corporate sponsors and foundations.

Financial Efficiency

• Mission deployment rate: 65.4%; rating input score 65
• Program expense ratio: 84.3%; rating input score 84
• Fundraising efficiency: $74.69 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 23.4%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 2.34; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 7.9%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
• Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
• Asset growth: 1.5% per year; rating input score 100; 17th percentile among comparable filings