2021-04-27T11:13:48-05:00 2020-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2019-07-01 222852248 Village Enterprise Fund Inc % KATHY PERKES VILL 6508028891 751 LAUREL STREET PMB 222 SAN CARLOS CA 94070 DIANNE CALVI CEO & PRESIDENT 6508028891 2021-04-12 true Kristin Ruffini P00741491 2128858000 2019 2022-09-23 18:48:47Z DIANNE CALVI 751 LAUREL STREET PMB 222 SAN CARLOS CA 94070 5230383 false X WWW.VILLAGEENTERPRISE.ORG X 1987 CA TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 16 15 16 16 0 0 4498551 5195199 0 0 1016 35062 23 122 4499590 5230383 929442 794357 0 0 1931195 2246819 0 0 379286 1146024 1053979 4006661 4095155 492929 1135228 3302575 4609714 61934 233845 3240641 4375869 TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. false false 3294382 794357 0 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. 3294382 true true false false false false false false false false true false false false true true false true false true true false true false false false false false false true false false false false false false false false true false false false false true true true false false true 2 0 true 16 true false true KE UG false false false false false false false false false false X 16 15 false false false false false false false true true false false true true true true true true true true false CA X X KATHY PERKES 6508028891 751 LAUREL ST 222 SAN CARLOS CA 94070 DIANNE CALVI CEO & PRESIDENT 40.0 1.0 X X 176875 0 19357 KATHRYN PERKES CFO 40.0 2.0 X 97000 0 19997 CAROLINE BERNADI CDO 40.0 2.0 X 97000 0 2547 KATIE BOLAND CHAIR 6.0 0.0 X X 0 0 0 BRUCE SEWELL VICE-CHAIR 1.0 0.4 X X 0 0 0 EMEKA AJOKU TREASURER 4.0 0.0 X X 0 0 0 TIM GEISSE SECRETARY 1.0 0.0 X X 0 0 0 JAMIE AUSTIN DIRECTOR 1.0 0.4 X 0 0 0 BARBARA BISHOP DIRECTOR 4.0 0.0 X 0 0 0 PATRICK BROWN DIRECTOR 4.0 0.0 X 0 0 0 JOE CHERNESKY DIRECTOR 1.0 0.4 X 0 0 0 JOE DOUGHERTY DIRECTOR 1.0 0.0 X 0 0 0 MARY DOSUNMU DIRECTOR (as of 6/23/20) 1.0 0.0 X 0 0 0 JAY FRIEDRICHS DIRECTOR 1.0 0.0 X 0 0 0 LISA GUERRA DIRECTOR (as of 6/11/20) 1.0 0.0 X 0 0 0 DEBORAH A HALL DIRECTOR 4.0 0.0 X 0 0 0 ALEKSANDRA PETERS DIRECTOR 1.0 0.0 X 0 0 0 LARRY WU DIRECTOR 1.0 0.0 X 0 0 0 370875 0 41901 1 false true false 0 5195199 94538 5195199 0 35062 35062 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 122 122 122 5230383 35184 0 0 794357 794357 0 406473 310114 47505 48854 0 1555908 1187063 181842 187003 23579 17989 2756 2834 123925 94548 14483 14894 136934 104472 16004 16458 0 9256 9256 43495 22182 21313 0 0 0 97624 57625 33749 6250 35249 1578 33671 61336 46591 9417 5328 91855 44977 30255 16623 0 109350 58296 25527 25527 95528 77380 12573 5575 0 27737 13623 6506 7608 0 0 18869 16628 732 1509 16759 5442 10999 318 FIELD OPERATIONS 236281 236281 TRAINING 119416 115488 3362 566 CURRENCY EXCHANGE 50719 50719 RECRUITING 36499 27846 4266 4387 4006 1927 198 1881 4095155 3294382 421487 379286 1929127 1993987 532094 1017333 591627 1298451 195674 239051 0 0 0 0 0 0 0 0 24535 17111 124471 80690 29518 43781 0 0 0 0 0 0 0 0 0 0 3302575 4609714 61934 50973 0 0 0 7662 0 0 0 0 0 0 0 0 0 0 0 175210 61934 233845 X 2851619 2566301 389022 1809568 3240641 4375869 3302575 4609714 1135228 X X false true X true false X 2035418 3571468 4426504 4498551 5195199 19727140 0 0 2035418 3571468 4426504 4498551 5195199 19727140 2967033 16760107 1596 497 546 1016 35062 38717 23259 134 23393 0 0 104 23 122 249 19789499 0.84692 0.81470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124471 80690 43781 43781 0 PPP LOAN PAYABLE 175210 175210 X PART X, LINE 2: VILLAGE ENTERPRISE FUND, INC. (VEF) 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 THEM ARE TAX DEDUCTIBLE AS PRESCRIBED BY THE CODE. VEF IS ALSO EXEMPT FROM CALIFORNIA INCOME TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. VEF IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS RELATING TO FEDERAL AND STATE TAX RETURNS FOR YEARS PRIOR TO 2017. VEF HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND HAS BEEN DESIGNATED AS A "PUBLICLY SUPPORTED" ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI) OF THE CODE. VEF FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS. MANAGEMENT BELIEVES THAT ITS NOT-FOR-PROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. PART XII, LINE 2D: EXPENSES SEPARATELY REPORTED BY VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP. 13,926 true Sub-Saharan Africa 5 155 Program Services Training & Mentoring 1527166 Sub-Saharan Africa Grantmaking Seed Capital Grants 794357 5 155 5 155 2321523 2321523 SEED CAPITAL FOR PEOPLE LIVING IN POVERTY Sub-Saharan Africa 11343 794357 Mobile Money BOOK false false false false false false 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, COLUMN (E): REGION: SUB-SAHARAN AFRICA - KENYA AND UGANDA (E) SPECIFIC TYPES OF SERVICES IN REGION: SMALL CASH GRANTS ($150 EACH) 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. X X false false false false false false false false false DIANNE CALVI CEO & PRESIDENT 176875 0 0 0 0 0 5325 0 14032 0 196232 0 0 0 X 9 94538 fmv false false false FORM 990, PART VI, SECTION B, LINE 11B: The initial draft of the 990 is evaluated and revised by the CFO and other internal finance staff. VILLAGE ENTERPRISE FUND HAS PROVIDED ALL MEMBERS OF ITS GOVERNING BODY A COPY OF ITS FORM 990 FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS ARE REQUIRED TO CONFIRM ANNUALLY THEIR INDEPENDENCE FROM THE ORGANIZATION AND TO DISCLOSE ANY RELATIONSHIPS WITH THE ORGANIZATION THAT MIGHT BE CONSIDERED A CONFLICT OF INTEREST. The HR & Governance Board Committee is responsible for monitoring compliance with the Conflict of Interest policy. 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 XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. VILLAGE ENTERPRISE CAPITAL CONNECTOR COR 1161 CHERRY STREET SAN CARLOS CA 94070 824611573 support DE 501(C)(3) 12 Type I VEF true false false false false false false false false false false false false false false false false false false false