Virginia Early Childhood Foundation

Nonprofit profile at a glance

EIN
203970624
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Richmond, VA, United States
Phone
+1 (804) 358-8323
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$86,939,246
Expenses
$87,027,571
Assets
$17,450,976
Liabilities
$13,498,194

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • KATHRYN V GLAZER (PRESIDENT)
  • AMY E HATHEWAY (VICE PRESIDENT OF COMMUNITY NETWORKS)
  • BRIDGET K KING (VICE PRESIDENT OF OPERATIONS)

Highest reported compensation

  • KATHRYN V GLAZER (PRESIDENT): $277,824 total reported compensation
  • REBECCA TIPPETT (CHIEF ACCOUNTABILITY OFFICER): $130,941 total reported compensation
  • AMY E HATHEWAY (VICE PRESIDENT OF COMMUNITY NETWORKS): $128,836 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Virginia Early Childhood Foundation (VECF) serves as the non-partisan steward of Virginia’s promise for early childhood success. 7. Support the development of an integrated early childhood longitudinal data process to capture and link access, quality, and educator data with child outcomes, and facilitate the integration of this data with other longitudinal data systems; and 8. Monitor and support ongoing research and evaluation conducted by VDOE, UVA, and VECF, and any other higher education or research institutes deemed relevant, to continuously improve ECCE quality. 2025 Commission Meetings.

What it reported doing in 2024

Vecf administers several large grant initiatives with the goal of improving community and parental capacity to support young children's school readiness. Accomplishments include implementation of ready regions, a statewide network providing strategic leadership and public-private partnership to ensure every child and family has access to quality child care services, the mixed delivery program of full day, year-round child care services for low-income families with children from birth to age 5, coordinated enrollment of child care services, and family engagement in systems design.

Operating model

Revenue model
Grant-funded. 99% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.7%; rating input score 100
  • Program expense ratio: 99.6%; rating input score 100
  • Fundraising efficiency: $1,945.3 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.1%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.77; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 30.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 29.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 99.7% of revenue deployed · 99.6% of spending went to programs
  • Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $86.6M in reported program spending
  • Leadership: top reported pay $278K · 28 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.3M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.