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Tax-deductible

Fredericksbrg, VA501(c)(3)EducationEIN 27-4379476Revenue $4.9M in FY2025

On file with the IRSsmartbeginningsra.org10718 Ballantraye Dr Ste 402, 22407-4703 · Fredericksbrg, VATax-exempt since Jun 2011Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the organization is to lead community partners in maximizing and coordinating resources that ensure equal opportunities for all young children, birth to five, to be ready for school and ready for life.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 2 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4.4M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$526K
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
+11% vs prior year
Spent
$4.9M
To programs
99%
Net assets
$200K
By yearFY2020–FY2025
Revenue
$4.9M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$635K
FY2021$806K
FY2022$690K
FY2023$2.4M
FY2024$4.4M
FY2025$4.9M
Expenses
$4.9M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$632K
FY2021$779K
FY2022$682K
FY2023$2.3M
FY2024$4.6M
FY2025$4.9M
Net assets
$200K
FY2025▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2020$225K
FY2021$252K
FY2022$260K
FY2023$313K
FY2024$132K
FY2025$200K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.8M Management & general 1% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Bryan Rothamel
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Holly Handy
Director
$0Pt VII · Sec A
Dr Kia Steen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects partners to coordinate resources for young children's school and life readiness.

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Provided by the organization

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2 programs · $4.8M · in their own filed words · FY2024
01

Ready Region Programs

With steady investment and bipartisan support from virginias governors and legislature, local smart beginnings have brought public and private leaders together to collaborate on priorities for young children since 2005.

$4.4Mprogram expense
02

Infant & Toddler Specialist Network (itsn)

Foundation first is a beneficiary the virginia infant & toddler specialist network through the virginia department of education and supports them by being their regional office in our area. Our dedicated infant & toddler specialist network internal staff aims to serve infants, toddlers, and two-year-olds.

$455Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Virginia Early Childhood FoundationFY2024$4.4M
Total grants receivedfrom 1 funder$4.4M

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.9M
Other incomeLn 4–11$5K
Investment incomeLn 3$382
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$31K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$726K
LiabilitiesLn 26$526K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$4.9M
Investment incomeLn 3$382
Other incomeLn 4–11$5K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$161K
Cash and savings togetherLn 1–2$161K
Other assetsLn 15$260K
Total assetsLn 16$726K
LiabilitiesLn 26$526K
Net assetsLn 32$200K
OperationsPt I, VI
EmployeesI 510
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$118K$161K
Total assetsLn 16$716K$726K
LiabilitiesLn 26$584K$526K
Net assetsLn 32$132K$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.5M$1.4M$14K
Pension plan contributionsLn 8$70K$70K
Other employee benefitsLn 9$51K$51K
Payroll taxesLn 10$110K$110K$298
Accounting feesLn 11c$131K$131K
Other fees for servicesLn 11g$1.1M$1.1M
Information technologyLn 14$124K$124K$100
OccupancyLn 16$107K$107K
TravelLn 17$29K$26K$4K
InsuranceLn 23$6K$5K$1K
Other expenses (24a–d)Ln 24$1.6M$1.6M$7K
All other expensesLn 24e$25K$19K$6K
Total functional expensesLn 25$4.9M$4.8M$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.9M$4.9M$68K$200K 990 PDF
FY2024 $4.4M$4.6M−$180K$132K 990 PDF
FY2023 $2.4M$2.3M$53K$313K 990 PDF
FY2022 $690K$682K$8K$260K 990 PDF
FY2021 $806K$779K$27K$252K 990 PDF
FY2020 $635K$632K$3K$225K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $4,921,659 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,409,184$4,915,788
I-9 Program service revenue$0
I-10 Investment incomePrior year $703$382
I-11 Other revenuePrior year $4,684$5,489
I-12 Total revenuePrior year $4,414,571$4,921,659
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,671,181$1,681,840
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,923,115$3,171,443
I-18 Total expensesPrior year $4,594,296$4,853,283
I-19 Revenue less expensesPrior year −$179,725$68,376
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,921,659 across 6 lines filed
VIII-1e Government grants$4,906,408
VIII-1f All other contributions, gifts and grants$9,380
VIII-1h Total contributions, gifts and grants$4,915,788
VIII-3 Investment incomeExcluded from tax $382$382
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,489$5,489
VIII-12 Total revenueRelated to mission $5,489 · Excluded from tax $382$4,921,659
Part IX · Statement of functional expenses $4,853,283 across 12 lines filed
IX-7 Other salaries and wagesPrograms $1,437,313 · Management $13,943$1,451,256
IX-8 Pension plan contributionsPrograms $69,979$69,979
IX-9 Other employee benefitsPrograms $50,506$50,506
IX-10 Payroll taxesPrograms $109,801 · Management $298$110,099
IX-11c Accounting feesPrograms $131,032$131,032
IX-11g Other fees for servicesPrograms $1,126,326$1,126,326
IX-14 Information technologyPrograms $124,078 · Management $100$124,178
IX-16 OccupancyPrograms $106,604$106,604
IX-17 TravelPrograms $25,583 · Management $3,540$29,123
IX-23 InsurancePrograms $4,585 · Management $1,284$5,869
IX-24 Other expenses (24a–d)Programs $1,616,924 · Management $6,574$1,623,498
IX-24e All other expensesPrograms $19,087 · Management $5,726$24,813
IX-25 Total functional expensesPrograms $4,821,818 · Management $31,465 · Fundraising $0$4,853,283
Part X · Balance sheet $726,230 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $118,336$160,819
X-3 Pledges and grants receivableStart of year $249,318$296,280
X-9 Prepaid expenses and deferred chargesStart of year $5,748$8,817
X-15 Other assetsStart of year $342,595$260,314
X-16 Total assetsStart of year $715,997$726,230
X-17 Accounts payable and accrued expensesStart of year $246,450$196,325
X-19 Deferred revenue$29,583
X-25 Other liabilitiesStart of year $337,635$300,034
X-26 Total liabilitiesStart of year $584,085$525,942
X-27 Net assets without donor restrictionsStart of year $131,912$200,288
X-32 Total net assets or fund balancesStart of year $131,912$200,288
X-33 Total liabilities and net assetsStart of year $715,997$726,230
Part XI · Reconciliation of net assets $200,288 net assets at year end
XI-1 Total revenue$4,921,659
XI-2 Total expenses$4,853,283
XI-3 Revenue less expenses$68,376
XI-4 Net assets at start of year$131,912
XI-10 Net assets at end of year$200,288

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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