Overview
What is Village Enterprise Capital Connector Corporation?
Village Enterprise Capital Connector Corporation, situated in San Carlos, California, is a nonprofit organization established with the purpose of supporting Village Enterprise Development Impact Bond activities. The corporation receives investment funds, subsequently issuing economic development grants to Village Enterprise. By doing so, VECC collects outcome payments and distributes them to investors, thereby contributing to the growth and development of the impact bond activities. The organization's mission is centered around fostering economic growth among communities, ultimately benefiting investors and the impacted areas.
Is Village Enterprise Capital Connector Corporation legitimate?
Village Enterprise Capital Connector Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Enterprise Capital Connector Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Village Enterprise Capital Connector Corporation?
The Village Enterprise Capital Connector Corporation (VECC) was established with a mission to support the activities related to Village Enterprise Development Impact Bonds. In this role, VECC receives investment funds and utilizes them to issue economic development grants to Village Enterprise. Subsequently, VECC collects outcome payments from these grants and distributes them to the investors. Essentially, VECC serves as a bridge between investors and Village Enterprise, aiming to foster economic development through impact bonds.
Who is the CEO of Village Enterprise Capital Connector Corporation?
Dianne Calvi is the President of Village Enterprise Capital Connector Corporation.
What is the revenue of Village Enterprise Capital Connector Corporation?
Village Enterprise Capital Connector Corporation's revenue in 2022 was $2,493,964.
Who are the executives of Village Enterprise Capital Connector Corporation and what are their salaries?
There 3 volunteers at Village Enterprise Capital Connector Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $176,233
- Other: $21,776
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $123,601
- Other: $21,797
Where can I find the form 990 for Village Enterprise Capital Connector Corporation?
Village Enterprise Capital Connector Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village Enterprise Capital Connector Corporation
Village Enterprise Capital Connector Corporation, often referred to as VECC, was established with a specific purpose. Its mission is centered around supporting the development impact bond activities of Village Enterprise. VECC receives investment funds and uses them to issue economic development grants to Village Enterprise. Once the grantee achieves desired outcomes, VECC collects the outcome payments and distributes them back to the investors. In essence, VECC acts as a bridge, connecting investors with Village Enterprise projects, and ensuring a return on investment while fostering economic growth and development.
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Impact
October, 2024
Village Enterprise Capital Connector Corporation (VECC) significantly impacts economic development and poverty alleviation in underserved communities. By supporting Village Enterprise's Development Impact Bond activities, VECC plays a critical role in raising investment funds that directly contribute to sustainable entrepreneurship and job creation.
VECC issues economic development grants that empower local entrepreneurs with the resources they need to start and grow their businesses. This not only stimulates local economies but also fosters self-sufficiency among community members. The collection of outcome payments ensures a continuous cycle of funding, where successful initiatives can generate returns for investors, thus incentivizing further investment into impactful projects.
Through its focus on international development, VECC contributes to meaningful change in various regions, enhancing the livelihoods of individuals and families while promoting socioeconomic stability. By bridging investment capital with grassroots economic initiatives, VECC drives a transformative impact that helps lift communities out of poverty.
This information is meant to be a general summary of Village Enterprise Capital Connector Corporation. 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.
- Program Service Revenue: $2,493,964
- Gross Receipts: $2,493,964
Assets and Liabilities:
- Total Assets: $74,333
- Total Liabilities: $37,000
- Net Assets: $37,333
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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
$2,493,964
Organization Details
Founding Year
2018
Phone
(650) 802-8891Principal Officer
Dianne Calvi
Main Address
1161 CHERRY STREET A, SAN CARLOS, CA, 94070
NTEE Category
Code: Q32 - International
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