2025-05-15T16:50:32-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-07-01 222852248 VILLAGE ENTERPRISE FUND INC VILL 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 DIANNE CALVI CEO/PRESIDENT 6508028891 2025-05-15 1 1 JOLANTA TUCK P01340068 9164429100 2025-05-15 2023 2025-03-06 01:10:19Z DIANNE CALVI 1161 CHERRY STREET A SAN CARLOS CA 94070 25060756 0 X WWW.VILLAGEENTERPRISE.ORG X 1987 CA TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. (SEE SCHEDULE O)PARTNERING WITH GOVERNMENTS, NONPROFITS, UNITED NATIONS AGENCIES, CONSERVATION ORGANIZATIONS, AND PRIVATE SECTOR COMPANIES, VILLAGE ENTERPRISE EQUIPS FIRST-TIME ENTREPRENEURS IN AFRICA WITH RESOURCES AND SKILLS TO START CLIMATE-SMART BUSINESSES AND SAVINGS GROUPS. LOCALLY-LED AND COMMUNITY-BASED, THE ORGANIZATION WORK WITH THE MOST VULNERABLE WOMEN, REFUGEES, AND YOUTH IN RURAL AFRICA AND EQUIP THEM TO ADAPT TO THE SHOCKS OF DROUGHT, DISPLACEMENT, THE PANDEMIC, AND CONFLICT. 15 14 18 22 0 0 18465789 17047907 0 0 87564 569654 8715 11968 18562068 17629529 3924503 5786251 0 0 5304037 6775505 0 0 1332116 3367008 4117151 12595548 16678907 5966520 950622 16503296 18573765 1615763 2618232 14887533 15955533 X VILLAGE ENTERPRISE'S MISSION IS TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. PARTNERING WITH GOVERNMENTS, NONPROFITS, UNITED NATIONS AGENCIES, CONSERVATION ORGANIZATIONS, AND PRIVATE SECTOR COMPANIES, (SEE SCHEDULE O)VILLAGE ENTERPRISE EQUIPS FIRST-TIME ENTREPRENEURS IN AFRICA WITH RESOURCES AND SKILLS TO START CLIMATE-SMART BUSINESSES AND SAVINGS GROUPS. LOCALLY-LED AND COMMUNITY-BASED, THE ORGANIZATION WORK WITH THE MOST VULNERABLE WOMEN, REFUGEES, AND YOUTH IN RURAL AFRICA AND EQUIP THEM TO ADAPT TO THE SHOCKS OF DROUGHT, DISPLACEMENT, THE PANDEMIC, AND CONFLICT. 0 0 9543540 5786251 6908 THE DELIVERING RESILIENT ENTERPRISES AND MARKET SYSTEMS (DREAMS) PROJECT PROVIDES INNOVATIVE SOLUTION THAT DRIVES REFUGEE SELF-RELIANCE. THE PROJECT IS COFUNDED BY FIVE FOUNDATIONS AND IT AIMS TO EQUIP TWO HUNDRED THOUSAND OF THE MOST VULNERABLE REFUGEES IN UGANDA AND ETHIOPIA WITH SKILLS AND RESOURCES TO BECOME SUCCESSFUL ENTREPRENEURS. 2445484 CATHOLIC RELIEF SERVICES (CRS)-NAWIRI - CRS AND THE CONSORTIUM VILLAGE ENTERPRISE FUND IS A MEMBER OF WERE AWARDED A FEDERAL COOPERATIVE AGREEMENT FROM USAID TO IMPLEMENT THE USAID MFUMO IMARA LISHE ENDELEVU (MILE) PROGRAM IN DELIVERING A MULTISECTORAL PACKAGE OF SERVICES TO SUPPORT LOCAL INSTITUTIONS TO SUSTAINABLY REDUCE PERSISTENT ACUTE MALNUTRITION AMONG VULNERABLE SUBPOPULATIONS OF ISIOLO AND MARSABIT COUNTIES IN KENYA. VILLAGE ENTERPRISE LEADS A POVERTY GRADUATION PROGRAM BY BUILDING ON ITS ENTREPRENEURIAL FOUNDATION THAT HAS SUPPORTED NEW ENTERPRISES IN KENYA. 551012 THE GLOBAL DEVELOPMENT INCUBATOR (GDI), IN CONSORTIUM WITH VILLAGE ENTERPRISE AND THE BOMA PROJECT, HAS BEEN AWARDED A GRANT BY THE GOVERNMENT OF KENYA'S MINISTRY OF LABOR AND SOCIAL PROTECTION, AND THE STATE DEPARTMENT FOR SOCIAL PROTECTION. THIS GRANT IS FOR EXECUTING A SUBAWARD TITLED "PROVISION OF TECHNICAL ASSISTANCE TO SUPPORT IMPLEMENTATION OF ECONOMIC INCLUSION INTERVENTION," UNDER THE KENYA SOCIAL ECONOMIC INCLUSION PROJECT. 1021876 VILLAGE ENTERPRISE FUND WAS AWARDED A FEDERAL COOPERATIVE AGREEMENT FROM USAID TO IMPLEMENT THE USAID SCALING SUSTAINABLE POVERTY GRADUATION PROGRAM IN RWANDA. THE PROGRAM SUPPORTS FIRST-TIME ENTREPRENEURS IN MOVING BEYOND EXTREME POVERTY BY EQUIPPING THEM WITH THE RESOURCES, KNOWLEDGE, AND LEADERSHIP SKILLS NEEDED TO START SUSTAINABLE BUSINESSES AND SAVINGS GROUPS. THROUGH THIS PROGRAM, VILLAGE ENTERPRISE AIMS TO EXPONENTIALLY SCALE ITS COST-EFFECTIVE, INNOVATIVE, AND EVIDENCE-BASED GRADUATION APPROACH, BOTH BY EXPANDING DIRECT IMPLEMENTATION IN RWANDA AND BY FOSTERING REPLICATION AND ADOPTION OF THE MODEL BY THE GOVERNMENT OF RWANDA AND OTHER AFRICAN COUNTRIES. THE GOAL IS TO REACH 10 MILLION BENEFICIARIES WITHIN TEN YEARS. 1021876 13561912 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 5 0 1 18 1 0 1 KE RW UG ET 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ABDI DEBELA 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 BRUCE SEWELL VICE CHAIR 1.00 0.40 X X 0 0 0 DIANNE CALVI CEO & PRESIDENT 40.00 0.50 X X 245786 0 26395 EMEKA AJOKU TREASURER 4.00 0.00 X X 0 0 0 JAMIE AUSTIN SECRETARY 1.00 0.40 X X 0 0 0 KATIE BOLAND CHAIR 6.00 0.00 X X 0 0 0 ALEKSANDRA PETERS DIRECTOR 1.00 0.00 X 0 0 0 ALEXIS RWABIZAMBUGA DIRECTOR 1.00 0.00 X 0 0 0 DEBBIE HALL DIRECTOR 4.00 0.00 X 0 0 0 ERMIAS ESHETU DIRECTOR (UNTIL 2/2024) 1.00 0.00 X 0 0 0 EVELYN NAMARA DIRECTOR 1.00 0.00 X 0 0 0 JAY FRIEDRICHS DIRECTOR 1.00 0.00 X 0 0 0 LISA GUERRA DIRECTOR 1.00 0.00 X 0 0 0 MARY DOSUNMU DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MITHIKA DIRECTOR 1.00 0.00 X 0 0 0 PATRICK BROWN DIRECTOR 4.00 0.00 X 0 0 0 SERAH KIMANI DIRECTOR 1.00 0.00 X 0 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 40.00 1.00 X 188364 0 15440 LIZ CORBISHLEY CHIEF STRATEGY OFFICER(UNTIL 2/2024) 40.00 0.00 X 125919 0 8288 WINNIE AUMA CHIEF PROGRAMS OFFICER 40.00 0.00 X 119906 0 19191 ZACH HOINS CHIEF OPERATING OFFICER 40.00 0.00 X 152315 0 14018 BRETT SLEZAK VICE PRESIDENT OF MARKETING & COMMUNICATIONS 40.00 0.00 X 121254 0 4572 CAROLINE BERNADI HEAD OF INNOVATIVE FINANCING 40.00 0.50 X 129618 0 3893 CELESTE BRUBAKER CHIEF IMPACT OFFICER 40.00 0.00 X 137575 0 13423 EVELYNE MKUNGO VICE PRESIDENT OF PEOPLE & CULTURE 40.00 0.00 X 107331 0 7120 TADEO MURIUKI CHIEF GOVERNMENT RELATIONS OFFICER 40.00 0.00 X 148805 0 5681 1476873 0 118021 10 0 1 0 SEVEN HILLS COMMUNICATIONS FIRST FLOOR RIVER HOUSE 33-35 POIN LONDON UK PUBLIC RELATIONS 113089 1 2140210 14907697 29359 17047907 400727 400727 7600000 154 7431227 0 168773 154 168927 168927 11968 6908 5060 11968 17629529 6908 0 574714 2300829 2300829 3485422 3485422 868741 597405 148221 123115 4854528 3338304 828259 687965 186359 128153 31796 26410 567223 390062 96777 80384 298654 205375 50955 42324 19938 19938 110834 110834 295402 168750 94164 32488 194483 1666 192817 239875 143580 77311 18984 243008 88277 123700 31031 109144 73740 28502 6902 616384 460297 101191 54896 8401 6274 1379 748 21000 12286 8465 249 13849 9357 3616 876 FIELD OPERATIONS 1856392 1856392 RECRUITMENT 176252 121203 30071 24978 TRAINING 47474 32646 8100 6728 164715 121956 41538 1221 16678907 13561912 1784879 1332116 6028848 709443 9166865 1808313 1045453 1949350 138595 209485 180661 113644 63468 67017 13754527 60067 75630 16503296 18573765 1084902 1274143 470794 1268459 60067 75630 1615763 2618232 X 11108238 13058903 3779295 2896630 14887533 15955533 16503296 18573765 X 950622 84617 32761 X 0 1 X 1 0 X 5195199 5689133 11757490 18465789 17047907 58155518 5195199 5689133 11757490 18465789 17047907 58155518 6753193 51402325 35062 3336 1124 77895 400727 518144 122 685 100 8715 11968 21590 58695252 37000 0.87570 0.87910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 122. 2020 AMOUNT: $ 685. 2021 AMOUNT: $ 100. 2022 AMOUNT: $ 8,715. 2023 AMOUNT: $ 11,968. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180661 113644 67017 67017 LEASE LIABILITIES 75630 75630 X 17751506 84617 37360 121977 17629529 0 17629529 16693721 14814 14814 16678907 0 16678907 PART X, LINE 2: VILLAGE ENTERPRISE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE "CODE"), AND CONTRIBUTIONS TO VILLAGE ENTERPRISE ARE TAX DEDUCTIBLE AS PRESCRIBED BY THE CODE. VILLAGE ENTERPRISE IS ALSO EXEMPT FROM CALIFORNIA INCOME TAXES UNDER SECTION 23701 D OF THE CALIFORNIA REVENUE AND TAXATION CODE. VILLAGE ENTERPRISE HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND HAS BEEN DESIGNATED A "PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS DETERMINED THAT AS OF JUNE 30, 2024, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, TAX YEARS FROM JUNE 30, 2021 THROUGH THE CURRENT YEAR REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION DOES NOT BELIEVE THAT THE RESULTS FROM ANY EXAMINATION OF THESE OPEN YEARS WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATES 4,599. CURRENCY EXCHANGE GAIN 32,761. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATES 14,814. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 4 565 PROGRAM SERVICES TRAINING & MENTORING 12941762 4 565 0 0 4 565 12941762 0 12941762 SUB-SAHARAN AFRICA SUBAWARD FUNDING 156210 CASH TRANSFERS 0 FMV SEED CAPITAL FOR PEOPLE LIVING IN POVERTY SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 82092 3485422 CASH TRANSFERS FMV 0 0 1 0 0 0 PART I, LINE 2: VEF EMPLOYEES VISIT THE FIELD SITES REGULARLY TO VERIFY GRANTS MADE DURING THE YEAR AND FOLLOW UP ON THE PROGRESS ACHIEVED BY OUR PROGRAM PARTICIPANTS. PART I, LINE 3: SPECIFIC TYPES OF SERVICES IN REGION: SMALL CASH GRANTS ARE MADE TO GROUPS OF LOCAL INDIVIDUALS. GRANTS ARE MANAGED THROUGH COMMUNITY BASED BUSINESS MENTORS WHO ARE RESPONSIBLE FOR IDENTIFYING LOCAL SMALL BUSINESS ENTREPRENEURS AND MENTORING THEIR PROGRESS. EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL BASIS, WHICH IS THE METHOD USED FOR THE ORGANIZATION'S FINANCIAL STATEMENTS. PART III, COL (C): NUMBER OF RECIPIENTS IS A REASONABLE ESTIMATE. 0 MERCY CORPS 911148123 501(C)(3) 2053724 0 FMV N/A SUBAWARD FUNDING FOR DREAMS PROJECT WORK IN UGANDA AND ETHIOPIA. ARIZONA STATE UNIVERSITY 860196696 501(C)(3) 90895 0 FMV N/A SUBAWARD FUNDING FOR THE NGOGO CHIMPANZEE PROJECT WORK IN UGANDA 1 X X 0 0 0 0 0 0 0 1 0 DIANNE CALVI CEO & PRESIDENT 223913 0 21873 0 0 0 7386 0 19009 0 272181 0 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 151814 0 36550 0 0 0 5771 0 9669 0 203804 0 0 0 ZACH HOINS CHIEF OPERATING OFFICER 138749 0 13566 0 0 0 4576 0 9442 0 166333 0 0 0 TADEO MURIUKI CHIEF GOVERNMENT RELATIONS OFFICER 135555 0 13250 0 0 0 4470 0 1211 0 154486 0 0 0 CELESTE BRUBAKER CHIEF IMPACT OFFICER 125140 0 12435 0 0 0 4194 0 9229 0 150998 0 0 0 PART I, LINE 7 CERTAIN EMPLOYEES RECEIVED A PERFORMANCE BASED BONUS PAYMENT, BASED ON COMPANY PERFORMANCE METRICS AND CONTRACT STIPULATIONS. THE CEO AND PRESIDENT'S BONUS IS AT THE DISCRETION OF THE BOARD. X 78 29359 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT IS REVIEWED BY THE CFO AND OTHER INTERNAL STAFF. THE DRAFT FILING IS DISTRIBUTED TO THE MEMBERS OF THE GOVERNANCE BODY FOR REVIEW AND THEIR APPROVAL BEFORE THE FINAL COPY IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE. ALL BOARD MEMBERS OF THE ORGANIZATION AND ITS AFFILIATED ENTITIES ARE REQUIRED TO REVIEW THE POLICY AND DISCLOSE ANY CONFLICTS, IN WRITING, WHEN THEY JOIN THE BOARD. MANAGEMENT MONITORS THE POLICY BY DISTRIBUTING CONFLICT OF INTEREST FORMS TO ALL BOARD MEMBERS ANNUALLY. THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS, DISCLOSING ANY CONFLICTS, AND RETURN THEM TO THE STAFF BOARD LIAISON WHO MAINTAINS THE RECORDS. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED TO DETERMINE WHAT PROPER COMPENSATION PACKAGE IS REASONABLE FOR ALL EMPLOYEES. THE BOARD AND OFFICERS DO A THOROUGH ANALYSIS OF POTENTIAL CANDIDATES FOR UPPER MANAGEMENT POSITIONS DETERMINING THE PACKAGE THAT ACKNOWLEDGES THEIR EXPERIENCE AND RESPONSIBILITIES. ANNUAL CHANGES IN COMPENSATION ARE REVIEWED WITH THE HR & GOVERNANCE COMMITTEE PRIOR TO IMPLEMENTATION. DISCUSSIONS AROUND ALL COMPENSATION DECISIONS ARE REFLECTED IN THE COMMITTEE MEETING NOTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE GAIN 32,761. VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION 1161 CHERRY STREET SUITE A SAN CARLOS CA 94070 824611573 SUPPORT DE 501(C)(3) LINE 12A, I VILLAGE ENTERPRISE FUND INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0