2015-03-27T15:35:05-05:00 2014-06-30 743001153 PMB Helin Donovan LLP 505 Sansome Street Suite 850 San Francisco CA 94111 990 2013-07-01 222852248 Village Enterprise Fund Inc VILL 6508028891 751 Laurel Street No 222 San Carlos CA 940703113 Dianne Calvi Executive Director 6508028891 2015-03-17 W Noel McNabola P00181055 4153991330 2013 2016-02-25 16:41:14Z Dianne Calvi 751 Laurel St 222 San Carlos CA 94070 1641355 0 1 X http://www.villageenterprise.org/ X 1987 CA Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. 9 9 11 42 0 0 1670874 1538334 0 0 0 1274 236890 86510 1907764 1626118 271152 306136 0 0 585571 805917 0 0 202717 396039 787693 1252762 1899746 655002 -273628 910882 660527 133427 156700 777455 503827 Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. 0 0 1447443 306136 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. 93597 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. 59373 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. 1600413 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 11 1 0 1 KE UG 0 0 0 1 1 0 0 0 0 X 9 9 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 Larry Langdon Vice Chair 1.00 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 Safa Raschty Former Treasaurer 1.00 X X 0 0 0 Patrick Brown Director 1.00 X 0 0 0 Christopher Wuthmann Director 1.00 X 0 0 0 Jay Friedrichs Director 1.00 X 0 0 0 Larry Wu Director 1.00 X 0 0 0 Tim Geisse Director 1.00 X 0 0 0 Dianne Calvi CEO & President 40.00 X 144815 0 3792 144815 0 3792 1 0 0 0 0 11809 32676 1493849 15908 1538334 1274 1274 101747 11809 15237 86510 86510 1626118 0 0 87784 306136 306136 164052 98432 32810 32810 515964 369610 29822 116532 45201 34662 5513 5026 80700 55683 7263 17754 36020 26382 4114 5524 15205 9123 2281 3801 20904 12542 3136 5226 32470 31949 195 326 1007 1007 10444 9400 1044 6363 3818 954 1591 Special Projects 268885 268885 Field Operations Expens 225821 225821 Interns 60850 60850 Other Expenses 43223 25991 6462 10770 66501 61129 2015 3357 1899746 1600413 96616 202717 750281 228049 31386 88669 105733 294664 26307 132972 110134 23482 22838 910882 660527 55473 78836 77954 77864 133427 156700 X -9816 -68154 787271 571981 777455 503827 910882 660527 -273628 0 X X 0 1 X 1 0 X 1316359 940790 1029892 1674870 1527799 6489710 1316359 940790 1029892 1674870 1527799 6489710 1006488 5483222 14180 133569 50546 303282 113556 615133 7104843 0.77180 0.83340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132972 110134 22838 22838 X 1626118 0 1626118 0 1626118 1899746 0 1899746 0 1899746 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 the tax returns. 1 Sub-Saharan Africa 3 100 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. 879222 3 100 0 0 3 100 879222 0 879222 Cash grants as seed money to small businesses Sub-Saharan Africa 6507 296555 Distributed through local mentors 9581 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 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. Bi-Annual Gala Dinner 113556 11809 101747 15237 113556 11809 101747 15237 15237 86510 X 0 0 0 0 0 0 0 0 0 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.