VILLAGE ENTERPRISE FUND INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- VILLAGE ENTERPRISE FUND INC (EIN 22-2852248)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-03-27
- IRS object ID
- 201530869349300338
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-27T15:35:05-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743001153 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PMB Helin Donovan LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 Sansome Street Suite 850 | AddressLine1 |
| City | San Francisco | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222852248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Village Enterprise Fund Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VILL | BusinessNameControlTxt |
| Phone | 6508028891 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 751 Laurel Street No 222 | AddressLine1 |
| City | San Carlos | City |
| State | CA | State |
| ZIP Code | 940703113 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dianne Calvi | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 6508028891 | PhoneNum |
| Signature | 2015-03-17 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | W Noel McNabola | PreparerPersonNm |
| PTIN | P00181055 | PTIN |
| Phone | 4153991330 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Dianne Calvi | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 751 Laurel St 222 | AddressLine1 |
| City | San Carlos | City |
| State | CA | State |
| ZIP Code | 94070 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,641,355 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| All Affiliates Included | Yes (1) | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://www.villageenterprise.org/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 42 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,670,874 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,538,334 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,274 | CYInvestmentIncomeAmt |
| PY Other Revenue | $236,890 | PYOtherRevenueAmt |
| CY Other Revenue | $86,510 | CYOtherRevenueAmt |
| PY Total Revenue | $1,907,764 | PYTotalRevenueAmt |
| CY Total Revenue | $1,626,118 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $271,152 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $306,136 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $585,571 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $805,917 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $202,717 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $396,039 | PYOtherExpensesAmt |
| CY Other Expenses | $787,693 | CYOtherExpensesAmt |
| PY Total Expenses | $1,252,762 | PYTotalExpensesAmt |
| CY Total Expenses | $1,899,746 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $655,002 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$273,628 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $910,882 | TotalAssetsBOYAmt |
| Total Assets EOY | $660,527 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $133,427 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $156,700 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $777,455 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $503,827 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,447,443 | ExpenseAmt |
| Grant | $306,136 | GrantAmt |
| Desc | Seed Capital - Seed capital grants and/or assets valued at $150, which are disbursed to businesses 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 and/or assets are disbursed three times per year. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $93,597 | ExpenseAmt |
| Desc | Training and Mentoring - The training program is composed of 14 separate training sessions, extending over a period of one year. The majority of training sessions are conducted prior to receiving the seed capital or assets. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $59,373 | ExpenseAmt |
| Desc | Business mentoring for new businesses - During the training program and after the businesses have been funded with seed capital, Village Enterprise Business Mentors assist in business formation, group dynamics and savings group development (the savings group are composed of 30 individuals). The Business Mentors are full-time staff members who work in the communities and in the field on a daily basis, providing guidance and support to new businesses for one year. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,600,413 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | KE | ForeignCountryCd |
| Foreign Country | UG | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dianne Calvi | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6508028891 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 751 Laurel St 222 | AddressLine1 |
| City | San Carlos | City |
| State | CA | State |
| ZIP Code | 94070 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Deborah A Hall | ||||||
| Chair | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Larry Langdon | ||||||
| Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Emeka Ajoku | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Tim Tight | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Safa Raschty | ||||||
| Former Treasaurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Patrick Brown | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Christopher Wuthmann | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jay Friedrichs | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Larry Wu | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Tim Geisse | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Dianne Calvi | ||||||
| CEO & President | 40.00 | Yes (X) | $144,815 | $0 | $3,792 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $144,815 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $3,792 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $11,809 | FundraisingAmt |
| Government Grants | $32,676 | GovernmentGrantsAmt |
| All Other Contributions | $1,493,849 | AllOtherContributionsAmt |
| Noncash Contributions | $15,908 | NoncashContributionsAmt |
| Total Contributions | $1,538,334 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,274 | TotalRevenueColumnAmt |
| Exclusion | $1,274 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $101,747 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $11,809 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $15,237 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $86,510 | TotalRevenueColumnAmt |
| Exclusion | $86,510 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,626,118 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $87,784 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,136 | TotalAmt |
| Program Services | $306,136 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,052 | TotalAmt |
| Program Services | $98,432 | ProgramServicesAmt |
| Management And General | $32,810 | ManagementAndGeneralAmt |
| Fundraising | $32,810 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,964 | TotalAmt |
| Program Services | $369,610 | ProgramServicesAmt |
| Management And General | $29,822 | ManagementAndGeneralAmt |
| Fundraising | $116,532 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,201 | TotalAmt |
| Program Services | $34,662 | ProgramServicesAmt |
| Management And General | $5,513 | ManagementAndGeneralAmt |
| Fundraising | $5,026 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,700 | TotalAmt |
| Program Services | $55,683 | ProgramServicesAmt |
| Management And General | $7,263 | ManagementAndGeneralAmt |
| Fundraising | $17,754 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,020 | TotalAmt |
| Program Services | $26,382 | ProgramServicesAmt |
| Management And General | $4,114 | ManagementAndGeneralAmt |
| Fundraising | $5,524 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,205 | TotalAmt |
| Program Services | $9,123 | ProgramServicesAmt |
| Management And General | $2,281 | ManagementAndGeneralAmt |
| Fundraising | $3,801 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,904 | TotalAmt |
| Program Services | $12,542 | ProgramServicesAmt |
| Management And General | $3,136 | ManagementAndGeneralAmt |
| Fundraising | $5,226 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,470 | TotalAmt |
| Program Services | $31,949 | ProgramServicesAmt |
| Management And General | $195 | ManagementAndGeneralAmt |
| Fundraising | $326 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,007 | TotalAmt |
| Management And General | $1,007 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,444 | TotalAmt |
| Program Services | $9,400 | ProgramServicesAmt |
| Management And General | $1,044 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,363 | TotalAmt |
| Program Services | $3,818 | ProgramServicesAmt |
| Management And General | $954 | ManagementAndGeneralAmt |
| Fundraising | $1,591 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Special Projects | $268,885 | $268,885 | ||
| Field Operations Expens | $225,821 | $225,821 | ||
| Interns | $60,850 | $60,850 | ||
| Other Expenses | $43,223 | $25,991 | $6,462 | $10,770 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,501 | TotalAmt |
| Program Services | $61,129 | ProgramServicesAmt |
| Management And General | $2,015 | ManagementAndGeneralAmt |
| Fundraising | $3,357 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,899,746 | TotalAmt |
| Program Services | $1,600,413 | ProgramServicesAmt |
| Management And General | $96,616 | ManagementAndGeneralAmt |
| Fundraising | $202,717 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750,281 | BOYAmt |
| EOY | $228,049 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,386 | BOYAmt |
| EOY | $88,669 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,733 | BOYAmt |
| EOY | $294,664 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $26,307 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $132,972 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $110,134 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,482 | BOYAmt |
| EOY | $22,838 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $910,882 | BOYAmt |
| EOY | $660,527 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,473 | BOYAmt |
| EOY | $78,836 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,954 | BOYAmt |
| EOY | $77,864 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,427 | BOYAmt |
| EOY | $156,700 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$9,816 | BOYAmt |
| EOY | -$68,154 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $787,271 | BOYAmt |
| EOY | $571,981 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,455 | BOYAmt |
| EOY | $503,827 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $910,882 | BOYAmt |
| EOY | $660,527 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$273,628 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,316,359 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $940,790 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,029,892 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,674,870 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,527,799 | CurrentTaxYearAmt |
| Total | $6,489,710 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,316,359 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $940,790 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,029,892 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,674,870 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,527,799 | CurrentTaxYearAmt |
| Total | $6,489,710 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,006,488 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,483,222 | PublicSupportTotal170Amt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,180 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $133,569 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $50,546 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $303,282 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $113,556 | CurrentTaxYearAmt |
| Total | $615,133 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,104,843 | TotalSupportAmt |
| Public Support CY170 | 0.77180 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83340 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $132,972 | OtherCostOrOtherBasisAmt |
| Depreciation | $110,134 | DepreciationAmt |
| Book Value | $22,838 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,838 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,626,118 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,626,118 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,626,118 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,899,746 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,899,746 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,899,746 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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 the tax returns. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Sub-Saharan Africa | RegionTxt |
| Offices | 3 | OfficesCnt |
| Employee | 100 | EmployeeCnt |
| Type Of Activities Conducted | Grants to recipients located in the region. | TypeOfActivitiesConductedTxt |
| Specific Services Provided | 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. | SpecificServicesProvidedTxt |
| Region Total Expenditures | $879,222 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 3 | SubtotalOfficesCnt |
| Subtotal Employees | 100 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 3 | TotalOfficeCnt |
| Total Employee | 100 | TotalEmployeeCnt |
| Subtotal Spent | $879,222 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $879,222 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Cash grants as seed money to small businesses | TypeOfAssistanceTxt |
| Region | Sub-Saharan Africa | RegionTxt |
| Recipient | 6507 | RecipientCnt |
| Cash Grant | $296,555 | CashGrantAmt |
| Manner Of Cash Disbursement | Distributed through local mentors | MannerOfCashDisbursementTxt |
| Non Cash Assistance | $9,581 | NonCashAssistanceAmt |
| Description Of Non Cash Asst | Business inputs/assets varying by type of "Business in a Box" | DescriptionOfNonCashAsstTxt |
| Valuation Method Used | Cash | ValuationMethodUsedDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | VEF employees and interns 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: | Grants are recorded when awarded. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Bi-Annual Gala Dinner | NameOfEvent1Amt |
| Gross Receipts Event1 | $113,556 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $11,809 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $101,747 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $15,237 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $113,556 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $11,809 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $101,747 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $15,237 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $15,237 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $86,510 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | 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 a 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. |
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