2025-05-15T15:28:11-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-07-01 824611573 VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION VILL 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 DIANNE CALVI PRESIDENT/CEO 6508028891 2025-05-15 1 1 JOLANTA TUCK P01340068 9164429100 2025-05-13 2023 2025-03-06 01:10:19Z DIANNE CALVI 1161 CHERRY STREET A SAN CARLOS CA 94070 4599 0 X N/A X 2018 DE VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION (VECC) WAS FORMED TO SUPPORT VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND ACTIVITIES. 4 3 0 3 0 0 836 4599 0 0 0 0 0 0 836 4599 0 0 0 0 0 0 0 0 0 15820 14814 15820 14814 -14984 -10215 32188 12134 9839 0 22349 12134 VECC WAS FORMED TO SUPPORT VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND ACTIVITIES. VECC RECEIVES INVESTMENT FUNDS, ISSUES ECONOMIC DEVELOPMENT GRANTS TO VILLAGE ENTERPRISE AND COLLECTS OUTCOME PAYMENTS FOR DISTRIBUTION TO INVESTORS. 0 0 0 0 VECC WAS FORMED TO SUPPORT VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND ACTIVITIES. VECC RECEIVES INVESTMENT FUNDS, ISSUES ECONOMIC DEVELOPMENT GRANTS TO VILLAGE ENTERPRISE AND COLLECTS OUTCOME PAYMENTS FOR DISTRIBUTION TO INVESTORS. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X ABDI DEBELA 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 DIANNE CALVI PRESIDENT 0.50 40.00 X X 0 245786 26395 JOE CHERNESKY CHAIR 0.40 1.00 X X 0 0 0 JAMIE AUSTIN DIRECTOR 0.40 1.00 X 0 0 0 BRUCE SEWELL DIRECTOR 0.40 1.00 X 0 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 188364 15440 0 434150 41835 0 0 1 0 0 4599 4599 4599 0 0 0 X 827 827 5688 5688 4598 4598 278 278 1450 1450 1618 1618 TAXES AND FEES 355 355 14814 0 14814 0 32188 11680 454 32188 12134 9839 9839 0 X 22349 12134 22349 12134 32188 12134 -10215 0 X 0 1 X 1 0 X X X 1 VILLAGE ENTERPRISE FUND INC 222852248 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 17751506 17746907 17746907 4599 0 4599 16693721 16678907 16678907 14814 0 14814 PART X, LINE 2: VECC IS A NOT-FOR-PROFIT ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (THE "CODE"), AND CONTRIBUTIONS TO VECC ARE TAX DEDUCTIBLE AS PRESCRIBED BY THE CODE. VECC IS ALSO EXEMPT FROM CALIFORNIA INCOME TAXES UNDER SECTION 23701 D OF THE CALIFORNIA REVENUE AND TAXATION CODE. VECC HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND HAS BEEN DESIGNATED AS A TYPE 1 SUPPORTING ORGANIZATION. VEIB IS TREATED AS A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES AND IS INCLUDED IN THE TAX FILINGS OF VECC. 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 17,746,907. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATES 16,678,907. 0 0 0 0 0 0 0 0 0 DIANNE CALVI PRESIDENT 0 223913 0 21873 0 0 0 7386 0 19009 0 272181 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 0 151814 0 36550 0 0 0 5771 0 9669 0 203804 0 0 PART I, LINE 3 THE OFFICERS WERE COMPENSATED THROUGH A RELATED ORGANIZATION, VILLAGE ENTERPRISE FUND, INC. COMPENSATION WAS ESTABLISHED BY WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE 990 WILL BE PROVIDED TO ALL OFFICERS AND DIRECTORS VIA EMAIL AND THEIR FEEDBACK COLLECTED PRIOR TO FINALIZING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C VILLAGE ENTERPRISE HAS A CONFLICT OF INTEREST POLICY IN PLACE. ALL BOARD MEMBERS OF VILLAGE ENTERPRISE 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 C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART IX, LINE 11G MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,598. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,598. VILLAGE ENTERPRISE IMPACT BOND LLC 1161 CHERRY STREET SUITE A SAN CARLOS CA 94070 824655179 TO IMPROVE INCOME LEVELS OF THE EXTREME POOR DE 0 10339 VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION VILLAGE ENTERPRISE FUND INC 1161 CHERRY STREET SUITE A SAN CARLOS CA 94070 222852248 TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP/INNOVATION CA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0