VILLAGE ENTERPRISE FUND INC

EIN: 222852248 501(c)(3) International Affairs

SAN CARLOS, CA

Total Revenue
$17,629,529
Total Expenses
$16,678,907
Total Assets
$18,573,765
Net Assets
$15,955,533
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
DIANNE CALVI
Phone
6508028891
Tax Period
2023-07-01 to 2024-06-30

VILLAGE ENTERPRISE FUND INC, founded in 1987, is a mid-sized nonprofit in the International Affairs sector that reported $17.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $16.7M left a modest 5% surplus.

Mission

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)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 WORK 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.

Program Service Accomplishments

Program 1
Expenses: $9,543,540 Revenue: $6,908

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...

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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 EQUIP TWO HUNDRED THOUSAND OF THE MOST VULNERABLE REFUGEES IN UGANDA AND ETHIOPIA WITH SKILLS AND RESOURCES TO BECOME SUCCESSFUL ENTREPRENEURS.

Program 2
Expenses: $2,445,484

CATHOLIC RELIEF SERVICES (CRS)-NAWIRI - CRS AND THE CONSORTIUM VILLAGE ENTERPRISE FUND IS A MEMBER OF WERE AWARDED A FEDERAL COOPERATIVE AGREEMENT FROM USAID TO IMPLEMENT THE USAID MFUMO IMARA LISHE...

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CATHOLIC RELIEF SERVICES (CRS)-NAWIRI - CRS AND THE CONSORTIUM 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.

Program 3
Expenses: $551,012

THE GLOBAL DEVELOPMENT INCUBATOR (GDI), IN CONSORTIUM WITH VILLAGE ENTERPRISE AND THE BOMA PROJECT, HAS BEEN AWARDED A GRANT BY THE GOVERNMENT OF KENYA'S MINISTRY OF LABOR AND SOCIAL PROTECTION, AND...

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THE GLOBAL DEVELOPMENT INCUBATOR (GDI), IN CONSORTIUM WITH VILLAGE ENTERPRISE AND THE BOMA PROJECT, HAS BEEN AWARDED A GRANT BY THE GOVERNMENT OF KENYA'S MINISTRY OF LABOR AND SOCIAL PROTECTION, AND THE STATE DEPARTMENT FOR SOCIAL PROTECTION. THIS GRANT IS FOR EXECUTING A SUBAWARD TITLED "PROVISION OF TECHNICAL ASSISTANCE TO SUPPORT IMPLEMENTATION OF ECONOMIC INCLUSION INTERVENTION," UNDER THE KENYA SOCIAL ECONOMIC INCLUSION PROJECT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,047,907
Program Service Revenue $0
Investment Income $569,654
Other Revenue $11,968
TOTAL REVENUE $17,629,529

Expense Breakdown

Grants Paid $5,786,251
Salaries & Benefits $6,775,505
Fundraising Expenses $1,332,116
Program Expenses $13,561,912
Other Expenses $4,117,151
TOTAL EXPENSES $16,678,907

Year-over-Year Comparison

2023 2022 Change
Revenue $17,629,529 $18,562,068 -0.1%
Expenses $16,678,907 $12,595,548 +0.3%
Net Income $950,622 $5,966,520 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
18
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$915,622
Total Directors
16
$272,181
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE SEWELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
DIANNE CALVI CEO & PRESIDENT 40.00
Officer Director
$245,786 $26,395 $272,181
EMEKA AJOKU TREASURER 4.00
Officer Director
$0 $0 $0
JAMIE AUSTIN SECRETARY 1.00
Officer Director
$0 $0 $0
KATIE BOLAND CHAIR 6.00
Officer Director
$0 $0 $0
ALEKSANDRA PETERS DIRECTOR 1.00
Director
$0 $0 $0
ALEXIS RWABIZAMBUGA DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE HALL DIRECTOR 4.00
Director
$0 $0 $0
ERMIAS ESHETU DIRECTOR (UNTIL 2/2024) 1.00
Director
$0 $0 $0
EVELYN NAMARA DIRECTOR 1.00
Director
$0 $0 $0
JAY FRIEDRICHS DIRECTOR 1.00
Director
$0 $0 $0
LISA GUERRA DIRECTOR 1.00
Director
$0 $0 $0
MARY DOSUNMU DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MITHIKA DIRECTOR 1.00
Director
$0 $0 $0
PATRICK BROWN DIRECTOR 4.00
Director
$0 $0 $0
SERAH KIMANI DIRECTOR 1.00
Director
$0 $0 $0
ABDI DEBELA CHIEF FINANCIAL OFFICER 40.00
Officer
$188,364 $15,440 $203,804
LIZ CORBISHLEY CHIEF STRATEGY OFFICER(UNTIL 2/2024) 40.00
Officer
$125,919 $8,288 $134,207
WINNIE AUMA CHIEF PROGRAMS OFFICER 40.00
Officer
$119,906 $19,191 $139,097
ZACH HOINS CHIEF OPERATING OFFICER 40.00
Officer
$152,315 $14,018 $166,333
BRETT SLEZAK VICE PRESIDENT OF MARKETING & COMMUNICATIONS 40.00
Highest
$121,254 $4,572 $125,826
CAROLINE BERNADI HEAD OF INNOVATIVE FINANCING 40.00
Highest
$129,618 $3,893 $133,511
CELESTE BRUBAKER CHIEF IMPACT OFFICER 40.00
Highest
$137,575 $13,423 $150,998
EVELYNE MKUNGO VICE PRESIDENT OF PEOPLE & CULTURE 40.00
Highest
$107,331 $7,120 $114,451
TADEO MURIUKI CHIEF GOVERNMENT RELATIONS OFFICER 40.00
Highest
$148,805 $5,681 $154,486
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $17,629,529 $16,678,907 $18,573,765 $950,622
2023 $18,562,068 $12,595,548 $16,503,296 $5,966,520
2022 $11,795,930 $7,739,988 $9,553,935 $4,055,942
2021 $5,693,155 $4,722,961 $5,608,385 $970,194
2020 $5,230,383 $4,095,155 $4,609,714 $1,135,228
2019 $4,499,590 $4,006,661 $3,302,575 $492,929
2018 $4,427,154 $3,172,716 $2,911,072 $1,254,438
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