Overview
What is Village Enterprise Fund Inc?
Village Enterprise Fund Inc is a nonprofit organization based in San Carlos, California, with a mission to eradicate extreme poverty in rural Africa through entrepreneurship and innovation. They accomplish this by implementing a micro-enterprise graduation program, focusing on individuals living below the extreme poverty level of $1.90 per day in Uganda, Kenya, and Rwanda. Through this program, they offer seed capital, training, and ongoing mentorship, encouraging entrepreneurs to form business savings groups centered on savings and growth capital. With a team of 14 dedicated individuals, Village Enterprise Fund Inc is committed to empowering communities and fostering sustainable development in Africa.
Official website here: www.villageenterprise.org
Is Village Enterprise Fund Inc legitimate?
Village Enterprise Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Enterprise Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $274,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,991,931
For more financial information, click here
Official website here: www.villageenterprise.org
What is the mission statement of Village Enterprise Fund Inc?
Village Enterprise Fund Inc aims to eradicate extreme poverty in rural Africa through entrepreneurship and innovation. They accomplish this by implementing a high-impact micro-enterprise graduation program. This program targets individuals living in extreme poverty in Uganda, Kenya, and Rwanda, providing them with seed capital, training, and ongoing mentorship. These entrepreneurs form business savings groups, focusing on savings and growth capital, to foster their ventures.
Official website here: www.villageenterprise.org
Who is the CEO of Village Enterprise Fund Inc?
Dianne Calvi is the Ceo & President of Village Enterprise Fund Inc. The CEO's salary of Village Enterprise Fund Inc is $176,233 and their total compensation is $198,009.
Official website here: www.villageenterprise.org
What is the revenue of Village Enterprise Fund Inc?
Village Enterprise Fund Inc's revenue in 2022 was $11,795,930.
Official website here: www.villageenterprise.org
Who are the executives of Village Enterprise Fund Inc and what are their salaries?
The average compensation at Village Enterprise Fund Inc during 2022 was $233,319. There are 14 employees and 16 volunteers at Village Enterprise Fund Inc.
Here are 22 key members and their salaries (Village Enterprise Fund Inc's CEO's salary is $176,233 and their total compensation is $198,009):
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- Compensation: $176,233
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- Other: $21,776
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- Compensation: $116,742
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- Compensation: $115,217
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- Compensation: $109,518
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- Other: $11,921
Official website here: www.villageenterprise.org
Where can I find the form 990 for Village Enterprise Fund Inc?
Village Enterprise Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.villageenterprise.org
Learn more at the official website: www.villageenterprise.org
Mission Statement of Village Enterprise Fund Inc
Village Enterprise Fund Inc is dedicated to eradicating extreme poverty in rural Africa through entrepreneurship and innovation. Their mission is to empower individuals living in extreme poverty, defined as earning less than $1.90 per day, by implementing a micro-enterprise graduation program. This program engages groups of three entrepreneurs and offers them seed capital, training, and ongoing mentorship. By forming business savings groups focused on savings and growth capital, these entrepreneurs can develop their ventures, thereby contributing to their financial independence and overall community development.
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Impact
October, 2024
Village Enterprise Fund Inc significantly impacts rural communities in Africa by addressing extreme poverty through entrepreneurship and innovation. By implementing a high-impact micro-enterprise graduation program, the organization focuses on empowering individuals living below the extreme poverty line, currently set at $1.90 per day, in Uganda, Kenya, and Rwanda.
The program engages groups of three entrepreneurs, offering them essential resources over the course of a year. These resources include seed capital to kickstart their businesses, comprehensive training to develop their entrepreneurial skills, and ongoing mentorship to ensure sustained growth and success. As part of their journey, participants form business savings groups that emphasize saving and capital growth, fostering financial independence and resilience.
Through this approach, Village Enterprise not only provides immediate financial support but also equips individuals with the knowledge and skills needed to thrive in the long term, ultimately contributing to the reduction of extreme poverty in these regions.
This information is meant to be a general summary of Village Enterprise Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,340
- Program Service Revenue: $37,000
- Gross Receipts: $11,795,930
Assets and Liabilities:
- Total Assets: $9,553,935
- Total Liabilities: $632,922
- Net Assets: $8,921,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT IMPACT BOND REVENUE
Revenue
$37,000
Organization Details
Founding Year
1987
Phone
(650) 802-8891Principal Officer
Dianne Calvi
Main Address
1161 CHERRY STREET A, SAN CARLOS, CA, 94070
Website
www.villageenterprise.orgNTEE Category
Code: Q320 - International
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