2026-05-15T07:30:19-05:00 2025-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-07-01 222852248 VILLAGE ENTERPRISE FUND VILL 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 SAZINI MOJAPELO CEO 6508028891 2026-05-15 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z SAZINI MOJAPELO 1161 CHERRY STREET A SAN CARLOS CA 94070 23974057 0 X WWW.VILLAGEENTERPRISE.ORG X 1987 CA SEE PART III, LINE 1. 15 14 19 19 0 0 17047907 20640247 0 0 569654 768158 11968 109353 17629529 21517758 5786251 7209078 0 0 6775505 8851768 0 0 1615716 4117151 4923548 16678907 20984394 950622 533364 18573765 20841149 2618232 4395108 15955533 16446041 X VILLAGE ENTERPRISE'S MISSION IS TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. PARTNERING WITH GOVERNMENTS, NONPROFITS, UNITED NATIONS AGENCIES, CONSERVATION ORGANIZATIONS, AND PRIVATE SECTOR COMPANIES, (SEE SCHEDULE O) 0 0 5425322 3874003 THE DELIVERING RESILIENT ENTERPRISES AND MARKET SYSTEMS (DREAMS) PROJECT PROVIDES INNOVATIVE SOLUTION THAT DRIVES REFUGEE SELF-RELIANCE. THE PROJECT IS COFUNDED BY FIVE FOUNDATIONS AND IT AIMS TO PROVIDE TWO HUNDRED THOUSAND OF THE MOST VULNERABLE REFUGEES IN UGANDA AND ETHIOPIA. 987009 68384 CATHOLIC RELIEF SERVICES (CRS)-NAWIRI - CRS AND THE CONSORTIUM THAT VILLAGE ENTERPRISE FUND IS A MEMBER OF WERE AWARDED A FEDERAL COOPERATIVE AGREEMENT FROM USAID TO IMPLEMENT THE USAID MFUMO IMARA LISHE ENDELEVU (MILE) PROGRAM IN DELIVERING A MULTISECTORAL PACKAGE OF SERVICES TO SUPPORT LOCAL INSTITUTIONS TO SUSTAINABLY REDUCE PERSISTENT ACUTE MALNUTRITION AMONG VULNERABLE SUBPOPULATIONS OF ISIOLO AND MARSABIT COUNTIES IN KENYA. VILLAGE ENTERPRISE LEADS A POVERTY GRADUATION PROGRAM BY BUILDING ON ITS ENTREPRENEURIAL FOUNDATION THAT HAS SUPPORTED NEW ENTERPRISES IN KENYA. 985276 311034 VILLAGE ENTERPRISE FUND WAS AWARDED A FEDERAL COOPERATIVE AGREEMENT FROM USAID TO IMPLEMENT THE USAID SCALING SUSTAINABLE POVERTY GRADUATION PROGRAM IN RWANDA. THE PROGRAM SUPPORTS FIRST-TIME ENTREPRENEURS IN MOVING BEYOND EXTREME POVERTY BY EQUIPPING THEM WITH THE RESOURCES, KNOWLEDGE, AND LEADERSHIP SKILLS NEEDED TO START SUSTAINABLE BUSINESSES AND SAVINGS GROUPS. THROUGH THIS PROGRAM, VILLAGE ENTERPRISE AIMS TO EXPONENTIALLY SCALE ITS COST-EFFECTIVE, INNOVATIVE, AND EVIDENCE-BASED GRADUATION APPROACH, BOTH BY EXPANDING DIRECT IMPLEMENTATION IN RWANDA AND BY FOSTERING REPLICATION AND ADOPTION OF THE MODEL BY THE GOVERNMENT OF RWANDA AND OTHER AFRICAN COUNTRIES. THE GOAL IS TO REACH 10 MILLION BENEFICIARIES WITHIN TEN YEARS. 827441 101880 THE BILL & MELINDA GATES FOUNDATION SUPPORTED PROGRAM STRENGTHENED THE SCALABILITY AND SUSTAINABILITY OF VILLAGE ENTERPRISE'S ULTRA-POOR GRADUATION (UPG) MODEL IN KENYA THROUGH GOVERNMENT AND PRIVATE SECTOR INTEGRATION. THE PROGRAM ADVANCED PARTNERSHIPS WITH COUNTY GOVERNMENTS BY SUPPORTING POLICY DEVELOPMENT, BUILDING INSTITUTIONAL CAPACITY, AND IMPLEMENTING MANAGEMENT INFORMATION SYSTEMS TO ENABLE LOCAL OWNERSHIP AND DELIVERY OF POVERTY GRADUATION PROGRAMS. IN ADDITION, THE INITIATIVE PILOTED AN INNOVATIVE APPROACH THAT INTEGRATES UPG WITH MARKET SYSTEMS DEVELOPMENT, LINKING PARTICIPANTS TO PRIVATE SECTOR ACTORS AND VALUE CHAINS TO STRENGTHEN THE GROWTH AND SUSTAINABILITY OF MICROENTERPRISES. THE PROGRAM ALSO GENERATED LEARNING TO INFORM NATIONAL-LEVEL SOCIAL PROTECTION PROGRAMS AND CONTRIBUTE TO THE EVOLUTION OF ECONOMIC INCLUSION STRATEGIES IN KENYA. 643759 352771 THE GREATER IMPACT FOUNDATION (GIF) PROJECT SUPPORTED THE EXPANSION OF VILLAGE ENTERPRISE'S RURAL MICROENTERPRISE DEVELOPMENT PROGRAM IN KENYA AND UGANDA. THE PROGRAM DELIVERED ENTREPRENEURSHIP TRAINING, SEED CAPITAL, AND BUSINESS MENTORSHIP TO VULNERABLE HOUSEHOLDS IN WEST POKOT AND MT. ELGON (KENYA), AND GULU AND SOROTI (UGANDA), ENABLING THE ESTABLISHMENT OF NEW MICROENTERPRISES AND STRENGTHENING HOUSEHOLD INCOME GENERATION. THE INITIATIVE INCORPORATED PROGRAM EFFICIENCY IMPROVEMENTS TO EXPAND OUTREACH AND COST-EFFECTIVENESS, AND INCLUDED MONITORING OF PREVIOUSLY SUPPORTED BUSINESSES TO INFORM LEARNING AND CONTINUOUS IMPROVEMENT OF THE MODEL. 8208185 2501007 OTHER PROGRAM SERVICES 9679385 2955658 17076992 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 1 19 1 0 1 ET KE RW UG 0 0 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 ABDI DEBELA 6508028891 1161 CHERRY STREET A SAN CARLOS CA 94070 DIANNE CALVI CEO 40.00 0.50 X X 273863 0 28496 KATIE BOLAND CHAIR 6.00 X X 0 0 0 BRUCE SEWELL VICE CHAIR 2.00 0.25 X X 0 0 0 EMEKA AJOKU TREASURER 2.00 X X 0 0 0 JAMIE AUSTIN SECRETARY 2.00 0.25 X X 0 0 0 DEBBIE HALL CHAIR OF DEV COMMITTEE 2.00 X 0 0 0 ALEKSANDRA PETERS CHAIR OF GOV & HR COMMITTEE 2.00 X 0 0 0 LISA GUERRA CHAIR OF NOM COMMITTEE 1.00 X 0 0 0 JAY FRIEDRICHS DIRECTOR 1.00 X 0 0 0 PATRICK BROWN DIRECTOR 1.00 X 0 0 0 MARY DOSUNMU DIRECTOR 1.00 X 0 0 0 SERAH KIMANI DIRECTOR 1.00 X 0 0 0 ALEXIS RWABIZAMBUGA DIRECTOR 1.00 X 0 0 0 EVELYN NAMARA DIRECTOR 1.00 X 0 0 0 MICHAEL MITHIKA DIRECTOR 1.00 X 0 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 40.00 0.25 X 207201 0 17334 ZACH HOINS COO (UNTIL 12/24), MANG. DIR US (FROM 1/25) 40.00 X 169775 0 14889 WINNIE AUMA CPO (UNTIL 12/2024), COO (FROM 1/25) 40.00 X 136509 0 27676 CELESTE BRUBAKER CHIEF IMPACT OFFICER (UNTIL 5/25) 40.00 X 181740 0 14604 JAMES PHELAN VP OF PHILANTHROPY (UNTIL 2/25) 40.00 X 166613 0 18890 TADEO MURIUKI CHIEF GOVERNMENT RELATIONS OFFICER 40.00 X 165875 0 5121 JOSEPH MUDENGE VP OF MONITORING & EVALUATION 40.00 X 128341 0 27513 EVELYNE MKUNGO VP OF PEOPLE & CULTURE 40.00 X 128939 0 20019 1558856 0 174542 12 0 1 0 SEVEN HILLS COMM 1ST FL RIVER HOUSE 33-35 PT PLEA LONDON UK SW181NN PUBLIC RELATIONS 119468 1 3356704 17283543 18711 20640247 714828 714828 2509629 2456299 53330 53330 53330 CURRENCY EXCHANGE GAIN 990999 98202 98202 OTHER REVENUE 990999 11151 11151 109353 21517758 0 0 877511 2808314 2808314 4400764 4400764 842508 319767 360346 162395 6085916 4616384 788034 681498 257966 191860 37116 28990 1214058 887443 184038 142577 451320 323184 73580 54556 23629 13120 4595 5914 88995 49414 17308 22273 680100 377623 132268 170209 231363 1918 229445 189925 114232 72367 3326 353006 99499 226884 26623 168232 104093 62961 1178 1630577 1481107 100500 48970 941239 901907 26400 12932 25427 12916 10622 1889 17060 10556 6385 119 FURNITURE & EQUIPMENT 243592 68982 157319 17291 PROGRAM SUPPORT & DELIV 180424 180400 24 GRANT DELIVERY EXPENSES 75856 75856 MEMBERSHIP & DUES 30689 15589 12820 2280 43434 22064 18143 3227 20984394 17076992 2291686 1615716 709443 1030683 1808313 4083082 1949350 501871 209485 597382 180661 139070 67017 41591 13754527 14301184 75630 0 0 285356 18573765 20841149 1274143 1693078 1268459 75630 2702030 2618232 4395108 X 13058903 15507606 2896630 938435 15955533 16446041 18573765 20841149 533364 -42856 0 X 0 1 X 1 1 1 X 5689133 11757490 18465789 17047907 20640247 73600566 5689133 11757490 18465789 17047907 20640247 73600566 8953423 64647143 3336 1124 77895 400727 714828 1197910 686 100 8715 11968 103843 125312 74923788 0.86280 0.87570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 156111 130888 25223 24550 8182 16368 41591 REFUNDABLE ADVANCES 2416674 OPERATING LEASE LIABILITIES 285356 2702030 21474902 -42856 -42856 21517758 0 21517758 20984394 0 20984394 0 20984394 1 SUB-SAHARAN AFRICA 4 216 PROGRAM SERVICES TRAINING AND MENTORING 14150639 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 4400764 4 216 0 0 4 216 18551403 0 18551403 SEED CAPITAL SUB-SAHARAN AFRICA 46395 4400764 CASH TRANSFER 0 0 0 0 0 0 PART I, LINE 2: VEF EMPLOYEES VISIT THE FIELD SITES REGULARLY TO VERIFY GRANTS MADE DURING THE YEAR AND FOLLOW UP ON THE PROGRESS ACHIEVED BY OUR PROGRAM PARTICIPANTS. 1 MERCY CORPS 45 SW ANKENY ST PORTLAND OR 97204 911148123 501(C)(3) 2323287 0 SUBAWARD FUNDING FOR DREAMS PROJECT WORK IN UGANDA AND ETHIOPIA THE NGOGO CHIMPANZEE PROJECT 1120 E ALMERIA RD PHOENIX AZ 85006 453861462 501(C)(3) 30000 0 SUBAWARD FUNDING FOR THE NGOGO CHIMPANZEE PROJECT WORK IN UGANDA IDINSIGHT PO BOX 689 SAN FRANCISCO CA 94104 274933181 501(C)(3) 455027 0 SUBAWARD FUNDING TO IDINSIGHT FOR DREAMS PROJECT WORK IN UGANDA AND ETHIOPIA. 3 0 PART I, LINE 2: VILLAGE ENTERPRISE MONITORS ITS SUBAWARDS THROUGH A COMBINATION OF FORMAL SUBAWARD AGREEMENTS, PERIODIC PROGRAMMATIC AND FINANCIAL REPORTING, BUDGET MONITORING, AND ONGOING COMMUNICATION WITH SUBRECIPIENTS. SUBAWARD AGREEMENTS ESTABLISH THE APPROVED SCOPE OF WORK, BUDGET, REPORTING REQUIREMENTS, COMPLIANCE OBLIGATIONS, AUDIT RIGHTS, AND PERFORMANCE EXPECTATIONS. SUBRECIPIENTS ARE REQUIRED TO SUBMIT PERIODIC NARRATIVE AND FINANCIAL REPORTS, AND VILLAGE ENTERPRISE REVIEWS PROGRESS AGAINST APPROVED ACTIVITIES, DELIVERABLES, TIMELINES, AND BUDGET UTILIZATION. ADDITIONAL MONITORING MAY INCLUDE REQUESTS FOR SUPPORTING DOCUMENTATION, REVIEW MEETINGS, AUDITS, EVALUATIONS, AND FOLLOW-UP ON COMPLIANCE OR PERFORMANCE ISSUES AS NEEDED. X X X 0 0 0 1 0 0 0 1 0 DIANNE CALVI CEO 262380 0 11483 0 0 0 7583 0 20913 0 302359 0 0 0 ABDI DEBELA CHIEF FINANCIAL OFFICER 198512 0 8689 0 0 0 5738 0 11596 0 224535 0 0 0 CELESTE BRUBAKER CHIEF IMPACT OFFICER (UNTIL 5/25) 162154 0 19586 0 0 0 4701 0 9903 0 196344 0 0 0 JAMES PHELAN VP OF PHILANTHROPY (UNTIL 2/25) 162863 0 3750 0 0 0 4698 0 14192 0 185503 0 0 0 ZACH HOINS COO (UNTIL 12/24), MANG. DIR US (FRO 162653 0 7122 0 0 0 4701 0 10188 0 184664 0 0 0 TADEO MURIUKI CHIEF GOVERNMENT RELATIONS OFFICER 158919 0 6956 0 0 0 4594 0 527 0 170996 0 0 0 WINNIE AUMA CPO (UNTIL 12/2024), COO (FROM 1/25) 130099 0 6410 0 0 0 22738 0 4938 0 164185 0 0 0 JOSEPH MUDENGE VP OF MONITORING & EVALUATION 125216 0 3125 0 0 0 6409 0 21104 0 155854 0 0 0 PART I, LINE 5 BONUSES SHOWN ON PART II ARE CONTRACTUAL BONUSES THAT ARE CONDITIONAL ON MEETING REVENUE TARGETS. PART I, LINE 7 CERTAIN EMPLOYEES RECEIVED A PERFORMANCE BASED BONUS PAYMENT, BASED ON COMPANY PERFORMANCE METRICS AND CONTRACT STIPULATIONS. THE CEO AND PRESIDENT'S BONUS IS AT THE DISCRETION OF THE BOARD. FORM 990, PART III, LINE 1 VILLAGE ENTERPRISE EQUIPS FIRST-TIME ENTREPRENEURS IN AFRICA WITH RESOURCES AND SKILLS TO START CLIMATE-SMART BUSINESSES AND SAVINGS GROUPS. LOCALLY-LED AND COMMUNITY-BASED, THE ORGANIZATION WORKS WITH THE MOST VULNERABLE WOMEN, REFUGEES, AND YOUTH IN RURAL AFRICA AND EQUIP THEM TO ADAPT TO THE SHOCKS OF DROUGHT, DISPLACEMENT, THE PANDEMIC, AND CONFLICT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT IS REVIEWED BY THE CFO AND OTHER INTERNAL STAFF. THE DRAFT FILING IS DISTRIBUTED TO THE MEMBERS OF THE GOVERNANCE BODY FOR REVIEW AND THEIR APPROVAL BEFORE THE FINAL COPY IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE. ALL BOARD MEMBERS OF THE ORGANIZATION AND ITS AFFILIATED ENTITIES ARE REQUIRED TO REIVEW THE POLICY AND DISCLOSE AND CONFLICTS, IN WRITING, WHEN THEY JOIN THE BOARD. MANAGEMENT MONITORS THE POLICY BY DISTRIBUTING CONFLICT OF INTEREST FORMS TO ALL BOARD MEMBERS ANNUALLY. THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND COMPLETE THE FORMS, DISCLOSING ANY CONFLICTS, AND RETURN THEM TO THE STAFF BOARD LIASON WHO MAINTAINS THE RECORDS. 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. ANNUAL CHANGES IN COMPENSATION ARE REVIEWED WITH THE HR & GOVERNANCE COMMITTEE PRIOR TO IMPLEMENTATION. DISCUSSIONS AROUND ALL COMPENSATION DECISIONS ARE REFLECTED IN THE COMMITTEE MEETING NOTES. THE LAST REVIEW PROCESS TOOK PLACE IN JUNE 2025. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAW. VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION 1161 CHERRY ST SUITE A SAN CARLOS CA 94070 824611573 SUPPORT DE 501(C)(3) LINE 12A, I VILLAGE ENTERPRISE FUND 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0