Village Enterprise Fund Inc
- Assets
- $5.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 16
- Location
- San Carlos, CA
- Founding
- 02/1988
- Data as of
- 06/2021
- EIN
- 22-2852248
Organization Overview
Village Enterprise Fund Inc is located in San Carlos, CA. The organization was established in 1988. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Village Enterprise Fund Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Enterprise Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Village Enterprise Fund Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 14.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGE ENTERPRISE'S MISSION IS TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. WE IMPLEMENT A HIGH-IMPACT MICRO-ENTERPRISE GRADUATION PROGRAM FOR PEOPLE LIVING IN EXTREME POVERTY IN UGANDA AND KENYA. THE ORGANIZATION ENGAGES GROUPS OF THREE ENTREPRENEURS WHO LIVE BELOW THE EXTREME POVERTY LEVEL OF $1.90 PER DAY IN A ONE-YEAR PROGRAM THAT PROVIDES SEED CAPITAL, TRAINING, AND ONGOING MENTORSHIP. THESE ENTREPRENEURS FORM BUSINESS SAVINGS GROUPS FOCUSED ON SAVINGS AND GROWTH CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Calvi CEO & President | OfficerTrustee | 40 | $159,842 |
Caroline Bernadi Cdo | Officer | 40 | $97,000 |
Kathryn Perkes CFO | Officer | 40 | $97,000 |
Bruce Sewell Vice-Chair | OfficerTrustee | 1 | $0 |
Katie Boland Chair | OfficerTrustee | 6 | $0 |
Emeka Ajoku Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $425,000 |
| Government grants | $287,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,977,111 |
| Noncash contributions included in lines 1a–1f | $104,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,689,133 |
| Total Program Service Revenue | $0 |
| Investment income | $3,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,693,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $680,658 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $436,130 |
| Compensation of current officers, directors, key employees. | $41,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,910,086 |
| Pension plan accruals and contributions | $42,527 |
| Other employee benefits | $143,386 |
| Payroll taxes | $141,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,589 |
| Fees for services: Accounting | $45,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,646 |
| Advertising and promotion | $46,950 |
| Office expenses | $133,454 |
| Information technology | $116,230 |
| Royalties | $0 |
| Occupancy | $88,158 |
| Travel | $98,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,510 |
| Insurance | $4,453 |
| All other expenses | $59,762 |
| Total functional expenses | $4,722,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,996,076 |
| Savings and temporary cash investments | $2,136,587 |
| Pledges and grants receivable | $1,345,850 |
| Accounts receivable, net | $46,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,065 |
| Net Land, buildings, and equipment | $53,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,608,385 |
| Accounts payable and accrued expenses | $58,408 |
| Grants payable | $0 |
| Deferred revenue | $203,914 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $262,322 |
| Net assets without donor restrictions | $3,807,023 |
| Net assets with donor restrictions | $1,539,040 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,608,385 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Village Enterprise Fund Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Branson Family Foundation Los Altos, CA PURPOSE: GENERAL | $100,000 |
Cnc Foundation Tr Palo Alto, CA PURPOSE: CHARITABLE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Enterprise Fund Inc San Carlos, CA | $5,608,385 | $5,693,155 |
Junior Achievement Of Arizona Tempe, AZ | $8,907,412 | $7,233,481 |
Junior Achievement Of Southern Ca Los Angeles, CA | $6,219,396 | $3,428,800 |
Junior Achievement Of San Diego County San Diego, CA | $9,827,517 | $2,941,808 |
Junior Acheivement Of Northern California Walnut Creek, CA | $1,961,632 | $2,378,267 |
Power For All San Francisco, CA | $1,275,461 | $2,575,235 |
Christian Childrens Health & Hope Mission Vista, CA | $36,927 | $1,506,032 |
Junior Achievement Of Oregon And Sw Washington Inc Portland, OR | $3,597,887 | $1,035,795 |
Village Enterprise Capital Connector Corp San Carlos, CA | $44,265 | $692,938 |
Junior Achievement Of Southern Nevada Las Vegas, NV | $9,425,008 | $6,465,868 |
Empowerment Works Inc Santa Barbara, CA | $242,705 | $1,154,866 |
Global Distribution Fund Inc San Francisco, CA | $1,485,669 | $1,509,161 |