Village Enterprise Fund Inc

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.

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)Compensation
Dianne Calvi
CEO & President
$159,842
Caroline Bernadi
Cdo
$97,000
Kathryn Perkes
CFO
$97,000
Bruce Sewell
Vice-Chair
$0
Katie Boland
Chair
$0
Emeka Ajoku
Treasurer
$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

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Village Enterprise Fund Inc has recieved totaling $130,000.

Awarding OrganizationAmount
Branson Family Foundation

Los Altos, CA

PURPOSE: GENERAL

$100,000
Cnc Foundation Tr

Palo Alto, CA

PURPOSE: CHARITABLE

$30,000
View Grant Recipient Profile

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