2019-05-15T14:15:20-05:00 2018-06-30 133842744 MBAF CPAS LLC 440 PARK AVE SOUTH NEW YORK NY 10016 990 2017-07-01 222852248 VILLAGE ENTERPRISE FUND INC VILL 6508028891 751 LAUREL STREET SAN CARLOS CA 94070 DIANNE CALVI CEO & PRESIDENT 6508028891 2019-05-14 1 MARC TAUB P00236664 2125761400 139.194.136.157 2019-05-14 16:22:53 US P E303922E6E0AAFF29FB4DE912DBC32EDAA0EADFE C6DE77DF7EAFCE64E84CE20962AB172FB6FF0A8D 2017 2019-02-21 02:37:17Z DIANNE CALVI 751 LAUREL STREET SAN CARLOS CA 94070 4427154 0 X WWW.VILLAGEENTERPRISE.ORG X 1987 CA TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 14 13 14 17 0 0 3571468 4426504 0 0 497 546 134 104 3572099 4427154 533268 767756 0 0 1442358 1569401 0 0 423603 793543 835559 2769169 3172716 802930 1254438 1521487 2911072 27841 163360 1493646 2747712 TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 0 0 2585928 767756 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, AS WELL AS AN ORGANIZATION INTO BUSINESS SAVINGS GROUPS, FOCUSED ON SAVINGS AND GROWTH CAPITAL. 2585928 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 6 0 1 14 1 0 1 KE UG 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 8.00 X X 0 0 0 EMEKA AJOKU TREASURER 1.00 X X 0 0 0 TIM TIGHT SECRETARY THRU JUNE 2018 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 0.10 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 1.00 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 1.00 X 0 0 0 DIANNE CALVI CEO & PRESIDENT 40.00 1.00 X X 126671 0 12858 BRUCE SEWELL BOARD MEMBER 1.00 0.10 X 0 0 0 KATHRYN PERKES DIRECTOR OF FINANCE 40.00 2.00 X 81875 0 12924 LUCY WURTZ DEVELOPMENT DIRECTOR 40.00 X 101389 0 11438 309935 0 37220 2 0 0 0 0 1000000 3426504 50085 4426504 546 546 OTHER INCOME 900099 104 104 104 4427154 104 0 546 130202 130202 637554 637554 272865 184456 88409 1070109 797277 28627 244205 4660 1467 263 2930 175849 150097 3417 22335 45918 19506 8091 18321 4375 4375 21026 10513 10513 126659 125602 1057 100383 2879 97504 83914 66674 7345 9895 34320 28020 6300 72401 51513 5408 15480 142005 136605 2700 2700 10033 6271 812 2950 11804 10155 666 983 8296 4148 4148 STIPEND 109204 109204 CURRENCY EXCHANGE LOSS 32386 32386 VEHICLE EXPENSES 25462 25462 TRAINING 25418 25418 27873 26144 1729 3172716 2585928 163185 423603 273730 1606466 202007 32046 980130 1113616 5867 101368 25574 15178 108501 66103 34179 42398 1521487 2911072 27841 163360 27841 163360 X 382056 1494218 1111590 1253494 1493646 2747712 1521487 2911072 1254438 -372 0 X X 0 1 X 1 0 X 1527799 1931607 2035418 3571468 4426504 13492796 1527799 1931607 2035418 3571468 4426504 13492796 2008682 11484114 3198 1596 497 546 5837 113556 91976 23259 134 104 229029 13727662 0.83660 0.77850 X 32908 21636 11272 75593 44467 31126 42398 X 5880658 -372 2453876 2453504 3427154 1000000 1000000 4427154 3300748 1128032 1128032 2172716 1000000 1000000 3172716 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 2015. 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 2D - OTHER ADJUSTMENTS: REVENUES INCLUDED IN VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP. 2,327,830. IN-KIND CONTRIBUTIONS IN VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP. 126,046. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT IMPACT BOND REVENUE 1,000,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCLUDED IN VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP. 1,128,032. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEVELOPMENT IMPACT BOND REVENUE 1,000,000. 1 SUB-SAHARAN AFRICA 5 139 GRANTS TO RECIPIENTS LOCATED IN THE REGION SMALL CASH GRANTS ($150 EACH) ARE MADE TO GROUPS OF LOCAL INDIVIDUALS. GRANTS ARE MADE THROUGH LOCAL 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. 2166364 5 139 0 0 5 139 2166364 0 2166364 CASH GRANTS VALUED AT $150 ARE PROVIDED TO PEOPLE (IN GROUPS OF 3) LIVING IN EXTREME POVERTY. SUB-SAHARAN AFRICA 13590 637554 DISTRIBUTED THROUGH LOCAL MENTORS BOOK 0 0 0 0 0 0 PART I, LINE 2: VEF EMPLOYEES AND FELLOWS VISIT THE REGION REGULARLY TO VERIFY GRANTS MADE DURING THE YEAR AND TO FOLLOW UP ON THE PROGRESS MADE BY THE LOCAL RECIPIENTS. 1 AFRICAN WILDLIFE FOUNDATION INC 1100 NEW JERSEY AVENUE SE NO 900 WASHINGTON DC 20003 520781390 501(C)(3) 127871 BOOK THIS GRANT WILL ALLOW VILLAGE ENTERPRISE AND AFRICAN WILDLIFE FOUNDATION (AWF) TO PARTNER IN THE LOMAKORESERVE AREA TO IMPLEMENT A PROGRAMME THAT WILL SUPPORT LOCAL COMMUNITIES TO ESTABLISH SUSTAINABLE BUSINESSES. VILLAGE ENTERPRISE WILL BRING OUR EXPERTISE IN POVERTY GRADUATION, ADAPT OUR APPROACH TO MAKE RELEVANT TO THE CONTEXT, AND TRAIN AWF TO IMPLEMENT OUR EVIDENCE-BASED MODEL. AWF WILL BRING THEIR LOCAL GEOGRAPHIC EXPERTISE, THEMATIC EXPERTISE (IN THE AREA OF CONSERVATION), AND EXISTING INFRASTRUCTURE AS THE IMPLEMENTING PARTNER. 1 PART I, LINE 2: THE AWF GRANT FUNDS ARE BEING UTILIZED AT THE PROJECT LOCATION, WHICH IS THE DEMOCRATIC REPUBLIC OF THE CONGO. VEF MONITORS THE AWF ACTIVITIES BOTH FROM MILESTONE/DELIVERABLE AND FINANCIAL PERSPECTIVES. X 188 50085 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. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VILLAGE ENTERPRISE IMPACT BOND LLC C 1000000 BOOK VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP B 2331 BOOK