2018-01-18T12:39:52-06:00 2017-06-30 461171913 S D MAYER & ASSOCIATES LLP 235 MONTGOMERY STREET 30TH FL SAN FRANCISCO CA 94104 990 2016-07-01 222852248 VILLAGE ENTERPRISE FUND INC VILL 6508028891 751 LAUREL STREET NO 222 SAN CARLOS CA 940703113 DIANNE CALVI EXECUTIVE DIRECTOR 6508028891 2018-01-18 1 W NOEL MCNABOLA P00181055 4156914040 2018-01-17 2016 2022-09-23 18:48:47Z DIANNE CALVI 751 LAUREL ST 222 SAN CARLOS CA 94070 3572099 0 1 X HTTP://WWW.VILLAGEENTERPRISE.ORG/ X 1987 CA TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 15 14 16 26 0 0 2035418 3571468 0 0 -680 497 11916 134 2046654 3572099 327692 533268 0 0 1038025 1442358 0 0 305155 714745 793543 2080462 2769169 -33808 802930 714528 1521487 24971 27841 689557 1493646 TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. 0 0 2072245 533268 SEED CAPITAL - SEED CAPITAL GRANTS VALUED AT $150, WHICH ARE DISBURSED TO BUSINESSES (AS DESCRIBED BELOW) AFTER A RIGOROUS TRAINING AND MENTORING PROGRAM. BUSINESS GROUPS ARE COMPOSED OF THREE INDIVIDUALS WHO MUST: QUALIFY FOR THE PROGRAM BASED ON THEIR SOCIO-ECONOMIC STATUS, COMPLETE THE TRAINING PROGRAM, BEGIN SAVING ON A MONTHLY BASIS AND SUBMIT A VIABLE BUSINESS PLAN. SEED CAPITAL IS DISBURSED SIX TIMES PER YEAR; TWO DISBURSEMENTS PER CYCLE (THREE CYCLES PER YEAR), ONE FOR THE FIRST PART OF THE GRANT ($100) AND A SECOND FOR THE REST OF THE GRANT ($50). 138150 TRAINING AND MENTORING - THE TRAINING PROGRAM IS COMPOSED OF 14 MODULES, EXTENDING OVER A 3 OR 4 MONTH PERIOD. THE MAJORITY OF TRAINING SESSIONS ARE CONDUCTED PRIOR TO THE DISBURSEMENT OF SEED CAPITAL GRANTS. 92100 BUSINESS MENTORING FOR NEW BUSINESSES - AFTER THE CONCLUSION OF THE TRAINING PROGRAM AND DISBURSEMENT OF SEED CAPITAL, VILLAGE ENTERPRISE BUSINESS MENTORS CONTINUE TO PROVIDE MENTORING TO THE NEWLY FORMED BUSINESS GROUPS. THEY ASSIST WITH BUSINESS GROUP DYNAMICS, MARKET DEVELOPMENT AND SAVINGS GROUP SUPPORT (THE SAVINGS GROUPS ARE COMPOSED OF 30 INDIVIDUALS). THE BUSINESS MENTORS ARE FULL-TIME STAFF MEMBERS WHO WORK WITH COMMUNITIES IN THE FIELD ON A DAILY BASIS, PROVIDING GUIDANCE AND SUPPORT TO NEW BUSINESSES FOR APPROXIMATELY 1 YEAR. 2302495 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 16 1 0 1 KE UG 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 DIANNE CALVI 6508028891 751 LAUREL ST 222 SAN CARLOS CA 94070 DEBORAH A HALL CHAIR 5.00 X X 0 0 0 EMEKA AJOKU TREASURER 1.00 X X 0 0 0 TIM TIGHT SECRETARY 1.00 X X 0 0 0 ALEKSANDRA PETERS DIRECTOR 1.00 X 0 0 0 BARBARA BISHOP DIRECTOR 1.00 X 0 0 0 JAMIE AUSTIN DIRECTOR 1.00 X 0 0 0 JAY FRIEDRICHS DIRECTOR 1.00 X 0 0 0 JOE CHERNESKY DIRECTOR 1.00 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 LARRY LANGDON 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 X X 133141 0 11719 KATHY PERKES DIRECTOR OF FINANCE 40.00 X 43715 0 8403 176856 0 20122 1 0 0 0 0 3571468 35193 3571468 497 497 134 0 134 134 3572099 0 0 631 533268 533268 231696 176089 20853 34754 1029188 787946 87822 153420 124028 94261 11163 18604 57446 43659 5170 8617 16239 10068 6171 22808 14141 8667 2067 1293 774 56037 56037 24481 6733 10538 7210 38849 29129 3645 6075 107163 101556 2804 2803 12324 10939 200 1185 14605 12984 997 624 8917 8417 500 SPECIAL PROJECTS 253954 253954 FIELD OPERATIONS EXPENS 122347 122347 CURRENCY EXCHANGE LOSS 33757 33757 TRAINING 25053 25053 54942 36901 2215 15826 2769169 2302495 161519 305155 331025 273730 102128 202007 980130 223283 5867 16309 25574 88903 54724 41783 34179 714528 1521487 24971 27841 24971 27841 X 451439 382056 238118 1111590 689557 1493646 714528 1521487 802930 1159 0 X X 0 1 X 1 0 X 1674870 1527799 1931607 2035418 3571468 10741162 1674870 1527799 1931607 2035418 3571468 10741162 1961277 8779885 3198 1596 497 5291 303282 113556 91976 23259 134 532207 11278660 0.77850 0.77350 X PART II LINE 10 - OTHER INCOME OTHER INCOME IN 2016 CONSISTS OF GROSS FUNDRAISING EVENT INCOME IN THE AMOUNT OF $134. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88903 54724 34179 34179 X 3573258 1159 1159 3572099 0 3572099 2769169 0 2769169 0 2769169 PART X, LINE 2: VILLAGE ENTERPRISE ASSESSES ITS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS 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. 1 SUB-SAHARAN AFRICA 4 127 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. 1997779 4 127 0 0 4 127 1997779 0 1997779 CASH GRANTS VALUED AT $150 ARE PROVIDED TO PEOPLE (IN GROUPS OF 3) LIVING IN EXTREME POVERTY. SUB-SAHARAN AFRICA 10596 533268 DISTRIBUTED THROUGH LOCAL MENTORS. BUSINESS INPUTS/ASSETS VARYING BY TYPE OF "BUSINESS IN A BOX" CASH. 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. PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL BASIS, WHICH IS THE METHOD USED FOR THE ORGANIZATION'S FINANCIAL STATEMENTS. X 2 35193 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 MANGAGEMENT POSITIONS, DETERMINING THE PACKAGE THAT ACKNOWLEDGES THEIR EXPERIENCE AND RESPONSIBILITIES. 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 XI LINE 2C VILLAGE ENTERPRISE FUND HAS AN AUDIT COMMITTEE WHOSE RESPONSIBILITY IS TO ENGAGE THE AUDITOR, TO MONITOR THE AUDIT PROCESS AND TO AND MEET WITH, REVIEW AND APPROVE THE FINAL AUDIT REPORT. THIS IS THE SAME PROCESS AS HAS BEEN IN EFFECT IN PRIOR YEARS.