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Board of Directors Meeting February 26 , 2019. Education Policy. Education policy. Texas Legislature is in full swing (session from Jan. 8th-May 27th)
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Education policy • Texas Legislature is in full swing (session from Jan. 8th-May 27th) • Texas Commission on Public School Finance issued its comprehensive final report to improve public education from pre-k-12th grade that includes: • Recognition of the critical importance of early literacy--pre-k-third grade; • Much greater funding to schools for early literacy programs; • Pre-k, if offered, should be high quality and full-day; • Encouragement of districts to develop partnerships with private childcare centers. • Bills and regulatory actions that may impact childcare providers: • Cameras in Centers; • TRS enrollment of all centers accepting childcare subsidies; • Data collection on ratios, injuries in childcare, number of children in TRS centers; • Database created for public to access on child safety elements at childcare centers; • Policies on administration of epinephrine to children in care • We will integrate this discussion into our Strategic initiatives work
Finance Ft .Worth Lease • Lease is up July 31st, 2019 (currently 992 sq. ft., about ) • Realtor- Kim Martin w/Kim Martin Company • Visited a total of 11 options so far Financial/ Business Risk Assessment • Done by Social Impact Architects, currently being reviewed, more information to come in the May board meeting
2018-19 YTD FUNDRAISING $2.8 million raised thus far, including Major Donor Annual Gifts Bridge Funds reflects the amount of the Deferred Revenue spent of $39,798 and the amount budgeted to be spent of $225,000 as of 01/31/19. The total payments received from the Texas Women's Fdn. As of 02/15/19 is $400,000,
Dallas Luncheon *Article about Rolando Blackman/ EFS in Good Life Family magazine
Million Dollar Match • The match was an effective motivator for donors to increase their giving.
EFS Drive to Maximize Growth • In-center children age 0-5 served: 10% year-over-year growth • In-center children age 0-5 in quality: 9.7% year-over-year growth CHILDREN SERVED IN EFS PROGRAMS Definitions: In Discovery is the EFS initial mentoring and onboarding stage | On The Way is FL 1 & 2 | In Quality is FL 3, AP Centers and Rainwater Centers | All Children includes children in all program stages from ages 0-12. Home Based children not represented in stage breakdown or total children count. Total Homebased children 302 (0-5) and 73 (6-12)
integrated services for All accredited partners 11 30 Centers-2 7 29 21 “Quality, Full & Stable” Re-Accreditation Self-Use of Economic Best Practices Audition 2/3 enter Four Steps 2.0 Accredited Initial Enrollment Programs Mgmt, Fin & Org Skill Sets Quality Self-Study for Accreditation Safety, Social-Emotional & Pre-Academic Development Fully Active Enrollment Programs Quality Maintenance * 2 pre-accredited centers also receive complete Enrollment Services funded by Rainwater
Path to exceed growth targets • Both organic growth and acquired growth (new centers) comes with a cost • At an average cost of $450/child, to achieve the 20% growth target costs are estimated to grow $250K • The majority of those costs include variable material costs and field resources to service the new centers • EFS will begin to refine a growth plan to identify more specifically which markets have the best opportunity for new growth • Childcare center and quality deserts • Greenspace market opportunities we don’t fully serve today • School partnerships • There is no cap on our growth potential as long as the organization can keep pace with funding requirements
Programs- other updates • Wedgewood • Progress • Currently working in 3 centers • GPS progressing at a faster rate, ½ of the teachers enrolled in upcoming CDA class • Challenges • Continued abnormal attrition (50% of centers enrolled have closed) • Meetings with schools for data, • Our work with UNT-D has allowed us to create ideal characteristics of a successful director and focused training topics for current partners • Meeting with NAC to enhance partnership in response to increase in rates • Master Your Money director training with Frost Bank, benefit to directors • Momentous training evident in classrooms of teachers who participated
Program News2019 Conference Empowering the Leader in You • Over 500 teachers and administrators • More than 3500 hours of professional development • Keynote speaker- DeDe McGuire (DeDe in the morning)
Staff Spotlight Melissa joined EFS in May of 2010. EFS peaked her curiosity as a single mother rejoining the workforce. She started out as an Administrative Assistant, has held positions in Programs, Development and has now found her calling as the Marketing and Enrollment Specialist in Accredited Partner Services. Her position has given her unrivaled confidence and the ability to grow in areas she was unsure of. Melissa has a wonderful husband and 2 beautiful daughters who she considers her greatest accomplishment. They spend their free time camping and soaking up nature. Melissa is compassionate, strong willed and often referred to as "Mrs. Fix It" here at the office1 Melissa Renell Anderson- Baretto
