2020-04-24T08:08:17-05:00 2019-06-30 133842744 MBAF CPAS LLC 600 THIRD AVENUE NEW YORK NY 10016 990 2018-07-01 222852248 VILLAGE ENTERPRISE FUND INC VILL 6508028891 751 LAUREL STREET PMB 222 SAN CARLOS CA 94070 DIANNE CALVI CEO & PRESIDENT 6508028891 2020-04-14 1 MARC TAUB P00236664 2125761400 38.140.52.131 2020-04-14 08:02:42 ED P E9C924457B5D275461852EC86B70A375E5271692 D3E9B08D1D5CE2436F6CA1DBFFA9B388C7C0D89F 2018 2020-11-06 18:47:13Z DIANNE CALVI 751 LAUREL STREET PMB 222 SAN CARLOS CA 94070 4499590 0 X WWW.VILLAGEENTERPRISE.ORG X 1987 CA TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 14 13 15 21 0 0 4426504 4498551 0 0 546 1016 104 23 4427154 4499590 767756 929442 0 0 1569401 1931195 0 0 487747 835559 1146024 3172716 4006661 1254438 492929 2911072 3302575 163360 61934 2747712 3240641 TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 0 0 3267609 929442 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. 3267609 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 4 0 1 15 1 0 1 KE UG 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X KATHY PERKES 6508028891 751 LAUREL ST 222 SAN CARLOS CA 94070 DEBORAH A HALL CHAIR; DIRECTOR SINCE MAY 2019 6.00 X X 0 0 0 EMEKA AJOKU TREASURER 1.00 X X 0 0 0 ALEKSANDRA PETERS DIRECTOR 1.00 X 0 0 0 BARBARA BISHOP DIRECTOR 4.00 X 0 0 0 JAMIE AUSTIN DIRECTOR 1.00 0.10 X 0 0 0 JAY FRIEDRICHS DIRECTOR 1.00 X 0 0 0 JOE CHERNESKY DIRECTOR 1.00 0.10 X 0 0 0 JOE DOUGHERTY DIRECTOR 1.00 X 0 0 0 KATIE BOLAND DIRECTOR; CHAIR SINCE MAY 2019 3.00 X X 0 0 0 LARRY WU DIRECTOR 1.00 X 0 0 0 PATRICK BROWN DIRECTOR 1.00 X 0 0 0 TIM GEISSE DIRECTOR; SECRETARY SINCE MAY 2019 1.00 X X 0 0 0 DIANNE CALVI CEO & PRESIDENT 40.00 1.00 X X 173800 0 18443 BRUCE SEWELL DIRECTOR; VICE-CHAIR SINCE MAY 2019 1.00 0.10 X X 0 0 0 KATHRYN PERKES DIRECTOR OF FINANCE 40.00 2.00 X 95000 0 17233 LUCY WURTZ DEVELOPMENT DIRECTOR 40.00 X 107500 0 15523 376300 0 51199 2 0 1 0 0 900000 3598551 37687 4498551 1016 1016 OTHER INCOME 900099 23 23 23 4499590 23 0 1016 929442 929442 324662 217589 107073 1348649 1029129 35281 284239 9028 2228 304 6496 196179 176769 1286 18124 52677 21805 9920 20952 3949 3949 22433 11433 11000 162868 110642 52226 122828 4027 118801 117208 97835 9708 9665 42861 39354 1503 2004 101373 71643 9448 20282 217865 209957 3954 3954 20521 18351 2170 14842 13005 367 1470 11154 5354 4770 1030 FIELD OPERATIONS 158327 158327 TRAINING 76069 76069 CURRENCY EXCHANGE LOSS 36171 34092 2079 VEHICLE EXPENSES 23251 23251 14304 13358 216 730 4006661 3267609 251305 487747 1606466 1929127 32046 532094 1113616 591627 101368 195674 15178 24535 96570 67052 42398 29518 2911072 3302575 163360 61934 163360 61934 X 1494218 2851619 1253494 389022 2747712 3240641 2911072 3302575 492929 0 X X 0 1 X 1 0 X 1931607 2035418 3571468 4426504 4498551 16463548 1931607 2035418 3571468 4426504 4498551 16463548 2951846 13511702 3198 1596 497 546 1016 6853 91976 23259 134 104 23 115496 16585897 0.81470 0.83660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20977 11815 9162 75593 55237 20356 29518 X 3599590 0 3599590 900000 900000 4499590 4022529 915868 915868 3106661 900000 900000 4006661 PART X, LINE 2: VILLAGE ENTERPRISE 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 VILLAGE ENTERPRISE ARE TAX DEDUCTIBLE AS PRESCRIBED BY THE CODE. VILLAGE ENTERPRISE IS ALSO EXEMPT FROM CALIFORNIA INCOME TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. VILLAGE ENTERPRISE IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS RELATING TO FEDERAL AND STATE TAX RETURNS FOR YEARS PRIOR TO 2016. VILLAGE ENTERPRISE 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. VILLAGE ENTERPRISE ASSESSES ITS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS AND PRESCRIBE 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 XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT IMPACT BOND REVENUE 900,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP. 915,868. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT IMPACT BOND REVENUE 900,000. 1 SUB-SAHARAN AFRICA - KENYA AND UGANDA 5 158 GRANTS TO RECIPIENTS LOCATED IN THE 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. 2747524 5 158 0 0 5 158 2747524 0 2747524 CASH GRANTS VALUED AT $150 ARE PROVIDED TO PEOPLE (IN GROUPS OF 3) LIVING IN EXTREME POVERTY. SUB-SAHARAN AFRICA - KENYA AND UGANDA 5094 929442 DISTRIBUTED THROUGH LOCAL MENTORS BOOK 0 0 0 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. X X 0 0 0 0 0 0 0 0 0 DIANNE CALVI CEO & PRESIDENT 173800 0 0 0 0 0 5695 0 12748 0 192243 0 0 0 X 206 37687 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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. 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. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE ONLINE ON OUR WEBSITE AND ON A RANGE OF OTHER CHARITY WEBSITES, THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT POSTED ONLINE BUT AVAILABLE AT ANYONE'S REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ONLINE ON OUR WEBSITE AND ON A RANGE OF OTHER CHARITY WEBSITES, THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT POSTED ONLINE BUT AVAILABLE AT ANYONE'S REQUEST. VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP 1161 CHERRY STREET SAN CARLOS CA 94070 824611573 TO ISSUE ECONOMIC DEVELOPMENT GRANTS TO VILLAGE ENTERPRISE DE 501(C)(3) LINE 7 VILLAGE ENTERPRISE FUND INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VILLAGE ENTERPRISE IMPACT BOND LLC C 900000 BOOK