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FCF Board Presentation - Strategic Goals

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Jamie Swezey

on 15 August 2013

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Transcript of FCF Board Presentation - Strategic Goals

Strategic Goals
1, 5 & 6

Mission
Resource Development
To help children thrive and learn by forging partnerships that bring economic power and viability to the business of child care.
All the ways we bring cash into the organization to support viability and sustainability.
Evaluation
The Fit
Communication
Strategic Partnerships
Wilder Research Report
Internal Evaluation Data Points
Cumulative Impact Summary
Goal 5: Communication
How do we enhance the visibility of FCF in regional office locations and nationally?
Website
Video
Proposals
Promotional Materials
Presentation Technology
Goal 6: Strategic Partnerships
How do we forge partnerships for new and existing programs?
History
Multi-level Approach
Partner Qualities
Goal 1: Evaluation
Demonstrate the relevance and effectiveness of FCF programs
FCF will demonstrate to external audiences the impact of its programs on individual participants, families and children, and their communities.
FCF staff and board members will understand the intended outcomes of each program and have the ability to clearly articulate the impact of programs and services in the context of the communities we serve.
FCF will demonstrate the impact of its programs within the frameworks of community economic development and early care and education.
Goal 1: Evaluation
How do we demonstrate the relevance and effectiveness of FCF programs?
Goal 5: Communication
Enhance the visibility of FCF in regional office locations and nationally
Goal 6: Strategic Partnerships
Explore partnership opportunities for new and existing programs
FCF will create national or state partnerships to strengthen the loan fund by adding capital, increasing loan volume and reducing risk.
FCF will establish partnerships that open doors and provide resources in regions within existing states as well as new states to increase FCF's finance and business programming reach and impact.
FCF will secure national partnerships that expand FCF's resources and capacity to assist states by increasing ECE providers' access to capital and improve their business practices.
Desired Outcomes:
Successes
FCF will have increased name-recognition among the key audiences in regional office locations and nationally, including potential customers, investors, partners, and ECE policy makers and thought leaders.
FCF will be seen as the go-to organization for the business side of child care among key audiences and stakeholders in FCF regional office locations and nationally, including current and potential customers, investors, and ECE policy makers and thought leaders.
Desired Outcomes:
Desired Outcomes:
Rural TA Center Proposal
Otto Bremer Foundation

"The Business Improvement Project we've partnered on with First Children's Finance has proven to be an extremely valuable resource to the region's child care providers. We know their efforts will contribute to our goal of helping more children be ready to learn when they enter kindergarten."

Tim Penny
President,
Southern MN Initiative Foundation
"Forging relationships..."

All successful endeavors, including...
National
State
Local/Regional
The right partnerships bring:

Joint planning, if appropriate
Promotion of our organization/programs
Commitment of time
Resources
North Dakota CCR&R
Iowa state
Southern MN Initiative Foundation
Sunrise Community Banks
State and Regional Advisory Councils
FCF Board Members
LISC Proposal
Letter of Support

"As you know, NAZ has established an ambitious goal of providing over 1,000 Northside families with a “cradle to college” support by 2014. To reach this goal, we will need to stabilize and increase the capacity of high-quality providers of child care and early education serving North Minneapolis. We see FCF as an essential partner in this work. FCF has already established strong working relationships with several Northside child care providers, through its lending and business development programs. We have seen first-hand the results of FCF’s work."

Sondra Samuels
President
Northside Achievement Zone
Southern MN Intiative Fundation Proposal
Letter of Support

"I am writing in support of the Southern MN Business Improvement Project that is being lead by First Children’s Finance. Greater Mankato Area United Way has been working with First Children’s Finance for a few years as a member of the Growth Fund Advisory Board. We have come to greatly appreciate the work that First Children’s Finance is involved with across our state and country and acknowledge the significant impact their organization has on local providers."

Laura Bowman
President
Greater Mankato Area United Way
Thoughts,

Questions,

Comments?

"Reading this brings tears to my eyes. Thank you and everyone involved for helping show the public that as providers we are professionals and take our responsibilities very seriously."

-Melanie Smith, Quality Family Child Care Program Participant
Growth Fund Data
2006 - 2011
Since 2006, 51 child care programs participated in the Growth Fund program. All but one was still in business at the end of 2011.
FCF contracts with Wilder Research to conduct an evaluation of grants, loans, and technical assistance provided to child care centers and family child care providers.
621 slots for children were created for children through the Growth Fund.
98% of centers rated themselves as more or much more stable after the first year of investment.
145 jobs have been created in Growth Fund participant centers.
Growth Fund Centers
MN Child Care Industry
Job Growth, 2006-2011:
As of December 2011, FCF had 78 active loans with 50 child care centers and 15 family child care providers.
Loan Fund Data
1998 - 2011
Over 400 new slots for children have been created by loan recipients.

180 of those slots serve low-income children.
142 new jobs were created by loan fund recipients.
79% said FCF contributed "a lot" or "some" to an increase in their overall service quality.

Almost all (over 90%) were highly satisfied with FCF.
FCF Internal Evaluation Results: FY2012
FCF's Cumultive Impact Summary
(as of October 2012)
FCF has loaned more than $10 million to child care businesses, creating more than 5,000 new child care spaces and more than 700 new jobs.

On average, every $1 of FCF lending leverages $3.50 in financing from other sources.

FCF has invested more than $1 million in child care businesses through its Business Development Programs, creating or improving more than 6,000 child care spaces.

On average, program participants achieve 23% growth in licensed capacity and 28% growth in jobs.
Loan Fund
14 loans closed, totaling $1,675,364

11 loans in MN, 1 loan in WA, 1 loan in SD, and 1 loan in MI
Jobs created:
33 full-time
17 part-time

Jobs preserved:
83 full-time
25 part-time
389 new child care slots created

629 child care slots preserved
Training
69 Training Sessions for 1,005 participants in 5 states - IA, MI, MN, SD, and WA

Training conducted by FCF is consistently rated as good or excellent by participants
Consulting
23 fee-for-service consulting projects

29 consulting projects funded by contributions
and government contracts

$143,000 in revenue
Business Development Programs
94 participants in 5 states

23% average increase in licensed capacity

28% average increase in full-time and part-time jobs

Centers rated by a QRS have doubled
Board Members as Strategic Partners
100% Board contribution

Using influence to open doors to resources

Introducing the non-profit to his/her company resources (corporate/foundation)

Participating in funder site visits

Hosting fundraising events

Leading major gifts/donor campaigns

Other
Board Members as Strategic Partners in Resource Development
Celebrating Success!
Non-Profit Boards and Resource Development
(FY 2012)
(FY 2012)
(FY 2012)
(FY 2012)
Full transcript