ELEVATE EARLY EDUCATION INC

EIN: 300759825 501(c)(3) Education

VIRGINIA BEACH, VA

Total Revenue
$2,494,005
Total Expenses
$2,627,672
Total Assets
$6,197,876
Net Assets
$6,018,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
LISA J HOWARD
Phone
7572220134
Tax Period
2023-10-01 to 2024-09-30

ELEVATE EARLY EDUCATION INC, founded in 2012, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Net assets of $6.0M represent 29 months of operating reserves.

Mission

OUR MISSION IS TO RAISE AWARENESS, ADVOCATE AND CREATE INNOVATIVE INITIATIVES TO GIVE CHILDREN EQUITABLE ACCESS TO A HIGH-QUALITY EDUCATION FOR THE FIRST EIGHT YEARS OF THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $2,230,817 Revenue: $1,615,653

E3: ELEVATE EARLY EDUCATION + THE NEW E3 SCHOOL RAISE AWARENESS, ADVOCATE AND CREATE INNOVATIVE INITIATIVES TO GIVE ALL CHILDREN ACCESS TO A QUALITY EDUCATION FOR THE FIRST EIGHT YEARS.IN 2011, E3...

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E3: ELEVATE EARLY EDUCATION + THE NEW E3 SCHOOL RAISE AWARENESS, ADVOCATE AND CREATE INNOVATIVE INITIATIVES TO GIVE ALL CHILDREN ACCESS TO A QUALITY EDUCATION FOR THE FIRST EIGHT YEARS.IN 2011, E3 SET OUT TO MAKE EARLY EDUCATION A PRIORITY + INCREASE STATE INVESTMENT ALONG WITH OUR STRATEGIC PARTNERS. E3'S AWARENESS, ADVOCACY + INNOVATIVE INITIATIVES LED TO INCREASED PUBLIC-PRIVATE INVESTMENT ($198M+ AND $38M+) AND TRANSFORMATIONAL POLICY CHANGE. THOUSANDS OF CHILDREN AND FAMILIES HAVE EQUITABLE ACCESS TO QUALITY EARLY LEARNING PROGRAMS ACROSS VIRGINIA.NOW WE ARE TACKLING THE READING CRISIS IN COMMUNITIES ACROSS VIRGINIA. TOO MANY OF OUR CHILDREN CANNOT READ BY THIRD GRADE. IN FACT, 40% CANNOT READ BY THIRD GRADE, AND IN SOME COMMUNITIES, IT IS EVEN WORSE. THAT IS WHY E3 ALONG WITH OUR STRATEGIC PARTNERS CREATED THESE INITATIVES:RAISED AWARENESSLAUNCHED THE KIDS NEED TO READ CAMPAIGN IN HAMPTON ROADS, NORTHERN VIRGINIA, RICHMOND AND ROANOKE. BUILT THE KIDS NEED TO READ COALITION WITH OVER 8,000 FOLLOWERS. PARTNERED WITH COMMUNITY LEADERS, POLICYMAKERS, SCHOOL DIVISIONS AND GOVERNOR YOUNGKIN'S AMINISTRATION TO CURATE 13 THE RIGHT TO READ DOCUMENTARY SCREENING EVENTS.ACTIVATED FAMILIES WITH ACTIVITIES TO HELP THEIR CHILD WITH LITERACY AT HOME.EDUCATED ADVOCATED FOR LITERACY POLICY INITIATIVES DURING THE 2024 GENERAL ASSEMBLY SESSION AND SECURED $21M TO:-IMPLEMENT THE VIRGINIA LITERACY ACT (CURRICULUM, PROFESSIONAL DEVELOPMENT, COACHING AND TECHNICAL ASSISTANCE FOR PRESCHOOL TO THIRD GRADE).-FUND THE VIRGINIA LANGUAGE AND LITERACY SCREENER SYSTEM(VALLSS) TO UNDERSTAND THE SKILLS CHILDREN HAVE, DETECT READING DIFFICULTIES EARLY AND PROVIDE STRATEGIES TO CHILDREN AND FAMILIES IN PRESCHOOL TO THIRD GRADE. -OVER 2,000 EMAILS WERE SENT IN SUPPORT OF OUR LITERACY POLICY INITIATIVES BY BUSINESS, CIVIC, PHILANTHROPIC, FAMILIES AND SCHOOL LEADERS.INCREASED EQUITABLE ACCESS SPARKED A LOVE OF READING IN YOUNG CHILDREN AND FAMILIES THROUGH THE PASSAGE OF THE BILL HB 1075 WITH BIPARTISAN SUPPORT. THIS BILL SETS UP THE STRUCTURE FOR A STATE PROGRAM AND THE SHARED 50% PUBLIC-PRIVATE MATCH FOR DOLLY PARTON'S IMAGINATION LIBRARY OF VIRGINIA(DPIL). THERE IS A UNIQUE PARTNERSHIP BETWEEN THE DOLLYWOOD FOUNDATION, VIRGINIA DEPARTMENT OF EDUCATION, THE LEGISLATURE, LOCAL PROGRAM PARTNERS AND E3 AS THE STATE PARTNER. E3 WILL HELP TO GROW, PROMOTE AND SUSTAIN DPIL. OUR GOAL IS TO EXPONENTIALLY INCREASE ACCESS TO AGE-APPROPRIATE, QUALITY BOOKS FROM 68,000+ TO 300,000 OVER THE FEW YEARS.PARTNERED WITH MALCOLM MITCHELL, A SUPER BOWL CHAMPION WHO PLAYED FOR THE NEW ENGLAND PATRIOTS AND SCHOOLS IN CHESTERFIELD, PORTSMOUTH AND NEWPORT NEWS TO HOST 5 READING RALLIES AND HAND OUT OVER 2,000+ COPIES OF MALCOLM'S THE MAGICIAN'S HAT BOOKS TO STUDENTS IN TITLE I SCHOOLS THROUGH OUR GENEROUS SPONSORS.BUILT THE NEW E3 SCHOOL AS A HIGH-QUALITY IMPLEMENTATION MODEL WITH 10 YEARS OF DATA AND OUTCOMES TO PROVE THAT WHEN ALL CHILDREN FROM EVERY ZIP CODE HAVE ACCESS TO QUALITY, THEY WILL ENTER KINDERGARTEN READY ACADEMICALLY AND SOCIALLY. OVER 5,000 PUBLICLY FUNDED CLASSROOMS USE OUR STREAMIN3 MODEL DEVELOPED BY UVA IN OUR SCHOOL. IT IS THE MOST WIDELY USED EARLY CHILDHOOD CURRICULA IN VIRGINIA.THE NEW E3 SCHOOL HAS PROVEN YEAR AFTER YEAR THAT WHEN CHILDREN HAVE ACCESS TO HIGH QUALITY EARLY LEARNING, THEY WILL ENTER KINDERGARTEN READY WITH THE ACADEMIC AND SOCIAL SKILLS THEY NEED TO THRIVE. THE NEW E3 SCHOOL'S SPRING 2024 QUALITY, LITERACY + READINESS REPORT PREPARED BY UVA TELLS US:-TEACHERS ARE ENGAGED IN HIGH-QUALITY INTERACTIONS WITH CHILDREN IN EVERY CLASSROOM.-THE QUALITY IS CONSISTENT AND STRONG IN ALL CLASSROOMS.-CLASS SCORES EXCEED THOSE FROM PRESCHOOL CLASSROOMS IN VIRGINIA.-MOST CHILDREN ARE MEETING OR EXCEEDING BENCHMARKS IN LITERACY, MATH, SOCIAL SKILLS AND SELF-REGULATION.-SOME CHILDREN NEEDED ADDITIONAL HELP IN SOCIAL SKILLS AND SELF-REGULATION.-THERE WAS SUBSTANTIAL GROWTH IN ALL AREAS OF LITERACY.THE IMPACT:-OVER 1,200 CHILDREN IMPACTED.-117+ CHILDREN RECEIVED SCHOLARSHIPS.-OVER $2.6M IN PRIVATE DOLLARS RAISED FOR SCHOLARSHIPS.-THOUSANDS OF CHILDREN, TEACHERS AND PROGRAMS IMPACTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $836,799
Program Service Revenue $1,615,202
Investment Income $41,553
Other Revenue $451
TOTAL REVENUE $2,494,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,500,514
Fundraising Expenses $28,556
Program Expenses $2,230,817
Other Expenses $1,127,158
TOTAL EXPENSES $2,627,672

Year-over-Year Comparison

2023 2022 Change
Revenue $2,494,005 $2,376,736 +0.0%
Expenses $2,627,672 $2,389,453 +0.1%
Net Income $-133,667 $-12,717 +9.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
56
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$230,802
Total Directors
20
$230,802
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA J HOWARD PRESIDENT & CEO 40.00
Officer Director
$217,510 $13,292 $230,802
DR JENNIFER GENTRY BOARD MEMBER 1.00
Director
$0 $0 $0
JANE BATTEN BOARD MEMBER 1.00
Director
$0 $0 $0
MATT CLARKE TREASURER 1.00
Officer Director
$0 $0 $0
LAURA MAJOR CHAIR 1.00
Officer Director
$0 $0 $0
ANITA POSTON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA NOVEY BOARD MEMBER 1.00
Director
$0 $0 $0
TAG GREASON VICE CHAIR 1.00
Officer Director
$0 $0 $0
HOWARD KERN BOARD MEMBER 1.00
Director
$0 $0 $0
G GIL MINOR III BOARD MEMBER 1.00
Director
$0 $0 $0
LISA ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR BOB PIANTA BOARD MEMBER 1.00
Director
$0 $0 $0
CALLY ROBERTSON EVERETT BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSAY BERRY WINTER BOARD MEMBER 1.00
Director
$0 $0 $0
JAYME SWAIM BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA GILLIAM STERLING BOARD MEMBER 1.00
Director
$0 $0 $0
DR HARRY THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
DEVAN MALONEY BOARD MEMBER 1.00
Director
$0 $0 $0
MAREN MACCONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN HIGHTON BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,494,005 $2,627,672 $6,197,876 $-133,667
2023 $2,376,736 $2,389,453 $6,218,805 $-12,717
2022 $2,135,490 $2,207,646 $6,211,821 $-72,156
2021 $2,907,056 $2,217,487 $6,304,504 $689,569
2020 $2,152,445 $2,052,314 $5,629,699 $100,131
2019 $1,838,470 $1,864,940 $5,479,200 $-26,470
2018 $2,089,181 $1,631,313 $5,547,191 $457,868
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