VILLAGE ENTERPRISE FUND INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VILLAGE ENTERPRISE FUND INC (EIN 22-2852248)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-09
- IRS object ID
- 201301299349300925
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-05-09T12:57:45-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 743001153 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PMB Helin Donovan LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222852248 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Village Enterprise Fund Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VILL | NameControl |
| Phone | 6508028891 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dianne Calvi | Name |
| Title | President & CEO | Title |
| Phone | 6508028891 | Phone |
| Date Signed | 2013-02-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W Noel McNabola | Name |
| PTIN | P00181055 | PTIN |
| Phone | 4153991330 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dianne Calvi | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 1080438 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| All Affiliates Included | 1 | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://www.villageenterprise.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 11 | TotalNbrEmployees |
| Total Nbr Volunteers | 47 | TotalNbrVolunteers |
| Total Gross UBI | 44470 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 940790 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1029892 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 95148 | OtherRevenuePriorYear |
| Other Revenue Current Year | 44470 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1035938 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1074362 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 248478 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 266461 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 503950 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 533408 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 181732 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 359162 | OtherExpensePriorYear |
| Other Expenses Current Year | 316230 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1111590 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1116099 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -75652 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -41737 | RevenuesLessExpensesCY |
| Total Assets BOY | 300759 | TotalAssetsBOY |
| Total Assets EOY | 269815 | TotalAssetsEOY |
| Total Liabilities BOY | 124771 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 147362 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 175988 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 122453 | NetAssetsOrFundBalancesEOY |
| Mission Description | Our mission is to equip people living in extreme poverty with resources to create sustainable businesses. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 779139 | Expense |
| Grants | 266462 | Grants |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 44523 | Expense |
| Description | Businesses are composed of 3 individuals.At the end: the training program is composed of 14 separate training sessions, extending over the period of 1 year. The majority of training sessions are conducted prior to receiving the seed capital or assets. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 31470 | Expense |
| Description | 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 groups 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 855132 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 11 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | KE | NameOfForeignCountry |
| Name Of Foreign Country | UG | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dianne Calvi | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6508028891 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Woodson Hobbs | ||||||
| Director | 24.00 | X | X | 0 | 0 | 0 |
| Larry Langdon | ||||||
| Board Chair | 2.00 | X | X | 0 | 0 | 0 |
| Tracea Roman | ||||||
| Secretary | 1.00 | X | X | 0 | 0 | 0 |
| Christopher Wuthmann | ||||||
| Treasurer | 1.00 | X | X | 0 | 0 | 0 |
| Jay Friedrichs | ||||||
| Director | 1.00 | X | X | 0 | 0 | 0 |
| Larry Langdon | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Deborah A Hall | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Tim Tight | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Dianne Calvi | ||||||
| President & CEO | 40.00 | X | X | 137996 | 0 | 4649 |
| Safa Rashtchy | ||||||
| Director | 2.00 | X | 0 | 0 | 0 | |
| Emeka Ajoku | ||||||
| Director | 2.00 | X | 0 | 0 | 0 | |
| Tim Geisse | ||||||
| Director | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 137996 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 4649 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1029892 | AllOtherContributions |
| Total Contributions | 1029892 | TotalContributions |
| Gross Income Fundraising Events | 50546 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 6076 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44470 | TotalRevenueColumn |
| Unrelated Business Revenue | 44470 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1074362 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 44470 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 266461 | Total |
| Program Services | 266461 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 142645 | Total |
| Program Services | 84126 | ProgramServices |
| Management And General | 16190 | ManagementAndGeneral |
| Fundraising | 42329 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 304597 | Total |
| Program Services | 179639 | ProgramServices |
| Management And General | 34571 | ManagementAndGeneral |
| Fundraising | 90387 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54804 | Total |
| Program Services | 32321 | ProgramServices |
| Management And General | 6220 | ManagementAndGeneral |
| Fundraising | 16263 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31362 | Total |
| Program Services | 18496 | ProgramServices |
| Management And General | 3559 | ManagementAndGeneral |
| Fundraising | 9307 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3722 | Total |
| Program Services | 2233 | ProgramServices |
| Management And General | 558 | ManagementAndGeneral |
| Fundraising | 931 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13006 | Total |
| Program Services | 7804 | ProgramServices |
| Management And General | 1951 | ManagementAndGeneral |
| Fundraising | 3251 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19976 | Total |
| Program Services | 11986 | ProgramServices |
| Management And General | 2996 | ManagementAndGeneral |
| Fundraising | 4994 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12941 | Total |
| Program Services | 12941 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3270 | Total |
| Program Services | 1962 | ProgramServices |
| Management And General | 491 | ManagementAndGeneral |
| Fundraising | 817 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19153 | Total |
| Program Services | 14365 | ProgramServices |
| Management And General | 4788 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2739 | Total |
| Program Services | 1643 | ProgramServices |
| Management And General | 411 | ManagementAndGeneral |
| Fundraising | 685 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Field Operations Expens | 110795 | 110795 | ||
| Interns | 36626 | 36626 | ||
| Professional Fees | 26553 | 18395 | 3059 | 5099 |
| Special Projects | 19628 | 19628 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47821 | Total |
| Program Services | 35711 | ProgramServices |
| Management And General | 4441 | ManagementAndGeneral |
| Fundraising | 7669 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1116099 | Total |
| Program Services | 855132 | ProgramServices |
| Management And General | 79235 | ManagementAndGeneral |
| Fundraising | 181732 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118043 | BOY |
| EOY | 71975 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141759 | BOY |
| EOY | 34307 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2101 | BOY |
| EOY | 145294 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3000 | BOY |
| EOY | 1536 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 101430 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 84727 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35856 | BOY |
| EOY | 16703 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 300759 | BOY |
| EOY | 269815 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37973 | BOY |
| EOY | 33279 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86798 | BOY |
| EOY | 114083 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124771 | BOY |
| EOY | 147362 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -182125 | BOY |
| EOY | -37141 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 358113 | BOY |
| EOY | 159594 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175988 | BOY |
| EOY | 122453 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 300759 | BOY |
| EOY | 269815 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -41737 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -11798 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1007264 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1055741 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1316359 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 940790 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1029892 | CurrentTaxYear |
| Total | 5350046 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1007264 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1055741 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1316359 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 940790 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1029892 | CurrentTaxYear |
| Total | 5350046 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 316357 | AmountsSubstContributorsTotal |
| Public Support Total170 | 5033689 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2241 | CurrentTaxYearMinus4Years |
| Total | 2241 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5352287 | TotalSupport |
| Public Support Pertcentage170 | 0.94050 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.95700 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 101430 | OtherCostOrOtherBasis |
| Depreciation | 84727 | Depreciation |
| Book Value | 16703 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16703 | TotalOfBookValueLandBuildings |
| Total Revenue | 1074362 | TotalRevenue |
| Total Expenses | 1116099 | TotalExpenses |
| Excess Or Deficit For Year | -41737 | ExcessOrDeficitForYear |
| Other | -$11,798 | OtherAmount |
| Total Adjustments | -11798 | TotalAdjustments |
| Excess Or Deficit Per FS | -53535 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1068750 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 6186 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -11798 | OtherRevenues |
| Revenue Not Rptd F990 | -5612 | RevenueNotRptdF990 |
| Revenue Subtotal | 1074362 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1074362 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1122285 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 6186 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 6186 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1116099 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1116099 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | In June 2006, FASB issued ASC 740, Accounting for Uncertainty in Income Taxes. ASC 740 addresses the accounting for uncertainties in income taxes recognized in an enterprise's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. ASC 740 also provides related guidance on measurement, classification, interest and penalties, and disclosure. There was no material impact to Village Enterprise's financial statements as a result of the adoption of ASC 740. |
| Part XI, Line 8 - Other Adjustments: | Foreign Exchange Loss -11,798. | |
| Part XII, Line 2d - Other Adjustments: | Currency Exchange Loss -11,798. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Sub-Saharan Africa | 3 | 50 | Small business development to qualified recipients in the region, including business and financial | Small cash grants ($150 each) are made to groups local individuals. Grants are made through local mentors who are responsible for identifying local small business entrepreneurs and mentoring their progress. | 624426 |
| and financial literacy training, seed capital or asset transfers and savings group formation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 3 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 50 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 3 | TotalNumberOfOffices |
| Total Number Of Employees | 50 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 624426 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 624426 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Sub-Saharan Africa | Region |
| Purpose Of Grant | Grants and training expense. | PurposeOfGrant |
| Amount Of Cash Grant | 39000 | AmountOfCashGrant |
| Manner Of Cash Disbursement | Cash | MannerOfCashDisbursement |
| Method Of Valuation | Cash | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 1 | TotalNumberOf501c3Orgs |
| Total Number Of Other Orgs | 0 | TotalNumberOfOtherOrgs |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Business and Financial Literacy Training, Seed Capital/asset transfers and Savings Group Formation to small businesses | TypeOfAssistance |
| Region | Sub-Saharan Africa | Region |
| Number Of Recipients | 6351 | NumberOfRecipients |
| Amount Of Cash Grant | 231563 | AmountOfCashGrant |
| Manner Of Cash Disbursement | Distributed by staff and mentors to recipients once conditions are met. | MannerOfCashDisbursement |
| Amount Of Non Cash Assistance | 34898 | AmountOfNonCashAssistance |
| Description Of Non Cash Assistance | Business Inputs/Assets, varying by type of "Business-in-a-box". | DescriptionOfNonCashAssistance |
| Method Of Valuation | Cash | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Procedure for Monitoring Grants Outside the U.S.: | Schedule F, 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. |
| Method Used to Acccount for Expenditures: | Schedule F, Part I, Line 3: Grants are recorded when awarded. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | X | EmailSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Fundraising Event/House Parties | NameOfEvent1 |
| Gross Receipts Event1 | 50546 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 50546 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 1400 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 2623 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 2053 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 50546 | GrossReceiptsTotal |
| Gross Revenue Total Events | 50546 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 1400 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 2623 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 2053 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 6076 | DirectExpenseSummaryEvents |
| Net Income Summary | 44470 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The former Executive Director received a severance payment of $90,257 in the year ended June 30, 2010. The remaining balance of $17,287 was paid during the year ended June 30, 2012. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 5: | Foreign Exchange Loss -11,798. Total to Form 990, Part XI, Line 5: -11,798. | Changes in Net Assets or Fund Balances: |
| 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. | Oversight of Audit process |
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