NonprofitsVillage Enterprise Fund Inc

International Affairs

Village Enterprise Fund Inc

SAN CARLOS, CA

Total revenue

$17.6M

Total expenses

$16.7M

Net assets

$16.0M

Grants received

$33.0M

144 grants

EIN

222852248

Tax year

2023

Mission

To end extreme poverty in rural africa through entrepreneurship and innovation. (see schedule o)partnering with governments, nonprofits, united nations agencies, conservation organizations, and private sector companies, 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.

Programs

3 programs

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.

Expenses: $2.4M

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.

Expenses: $551K

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.

Expenses: $1.0M

Financials

FY 2023

Revenue

Contributions & grants$17.0M
Program service revenue
Investment income$570K
Other revenue$12K
Total revenue$17.6M

Expenses

Grants paid$5.8M
Salaries & benefits$6.8M
Fundraising$1.3M
Other expenses$4.1M
Total expenses$16.7M
Total assets$18.6M
Net assets$16.0M

People

25 listed

NameRoleCompensation

DIANNE CALVI

CEO & PRESIDENT

Board

$246K

40 hrs/wk

ABDI DEBELA

CHIEF FINANCIAL OFFICER

Board

$188K

40 hrs/wk

ZACH HOINS

CHIEF OPERATING OFFICER

Board

$152K

40 hrs/wk

LIZ CORBISHLEY

CHIEF STRATEGY OFFICER(UNTIL 2/2024)

Board

$126K

40 hrs/wk

WINNIE AUMA

CHIEF PROGRAMS OFFICER

Board

$120K

40 hrs/wk

LISA GUERRA

DIRECTOR

Board

1 hrs/wk

BRUCE SEWELL

VICE CHAIR

Board

1 hrs/wk

MICHAEL MITHIKA

DIRECTOR

Board

1 hrs/wk

PATRICK BROWN

DIRECTOR

Board

4 hrs/wk

SERAH KIMANI

DIRECTOR

Board

1 hrs/wk

MARY DOSUNMU

DIRECTOR

Board

1 hrs/wk

EMEKA AJOKU

TREASURER

Board

4 hrs/wk

JAMIE AUSTIN

SECRETARY

Board

1 hrs/wk

KATIE BOLAND

CHAIR

Board

6 hrs/wk

ALEKSANDRA PETERS

DIRECTOR

Board

1 hrs/wk

ALEXIS RWABIZAMBUGA

DIRECTOR

Board

1 hrs/wk

DEBBIE HALL

DIRECTOR

Board

4 hrs/wk

ERMIAS ESHETU

DIRECTOR (UNTIL 2/2024)

Board

1 hrs/wk

EVELYN NAMARA

DIRECTOR

Board

1 hrs/wk

JAY FRIEDRICHS

DIRECTOR

Board

1 hrs/wk

TADEO MURIUKI

CHIEF GOVERNMENT RELATIONS OFFICER

Staff

$149K

40 hrs/wk

CELESTE BRUBAKER

CHIEF IMPACT OFFICER

Staff

$138K

40 hrs/wk

CAROLINE BERNADI

HEAD OF INNOVATIVE FINANCING

Staff

$130K

40 hrs/wk

BRETT SLEZAK

VICE PRESIDENT OF MARKETING & COMMUNICATIONS

Staff

$121K

40 hrs/wk

EVELYNE MKUNGO

VICE PRESIDENT OF PEOPLE & CULTURE

Staff

$107K

40 hrs/wk

Independent contractors

SEVEN HILLS COMMUNICATIONS

PUBLIC RELATIONS

$113K

Grants received

Showing 144 of 144

FromAmountPurposeYear
$1M
Year 2 of 3 Year Commitment
2024
$305K
UNRESTRICTED GENERAL SUPPORT
2024
$202K
GENERAL SUPPORT
2024
$146K
SUPPORT FOR EXPANDING AN INITIATIVE, REDUCING THREATS TO CHIMPANZEES, AND IMPROVING HUMAN WELL-BEING.
2024
$131K
International Development
2024
$105K
Program Support
2024
$100K
UNRESTRICTED GENERAL SUPPORT
2024
$75K
GENERAL SUPPORT
2024
$25K
TO FURTHER AND PROMOTE CHARITABLE EFFORTS.
2024
$25K
UTILIZE THE GRADUATION APPROACH TO ADDRESS THE CHALLENGES OF WOMEN LIVING IN RURAL POVERTY IN UGANDA BY PROVIDING ACCESS TO BUSINESS SAVINGS GROUPS, FINANCIAL LITERACY, SUSTAINABILITY TRAINING, MEMBERSHIP AND A CASH GRANT AS SEED CAPITAL.
2024
$18K
GENERAL SUPPORT
2024
$17K
UNRESTRICTED
2024
$11K
GENERAL SUPPORT
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$8K
operating fund and general assistance.
2024
$6K
INTERNATIONAL
2024
$5K
DIRECT FOR EXEMPT
2024
$2.7M
For grant recipient's exempt purposes
2023
$1M
Year 1 of 3 Year Commitment
2023
$938K
EMPOWER WOMEN AND GIRLS
2023
$498K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$234K
SUPPORT FOR THE PARKS: POVERTY ALLEVIATION AND REMOVAL OF KIBALE SNARES PROJECT, REDUCING THREATS TO CHIMPANZEES AND IMPROVING HUMAN WELL-BEING IN AND AROUND KIBALE NATIONAL PARK.
2023
$210K
PROVIDE GENERAL OPERATING SUPPORT
2023
$200K
INTERNATIONAL, FOREIGN AFFAIRS
2023
$150K
GENERAL SUPPORT
2023
$75K
International Development
2023
$60K
GENERAL SUPPORT
2023
$50K
CULTURE & ARTS
2023
$41K
TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION.
2023
$40K
GENERAL SUPPORT
2023
$38K
UNRESTRICTED
2023
$25K
TO FURTHER AND PROMOTE CHARITABLE EFFORTS.
2023
$25K
UTILIZE THE GRADUATION APPROACH TO ADDRESS THE CHALLENGES OF WOMEN LIVING IN RURAL POVERTY IN UGANDA BY PROVIDING ACCESS TO BUSINESS SAVINGS GROUPS, FINANCIAL LITERACY, SUSTAINABILITY TRAINING, MEMBERSHIP AND A CASH GRANT AS SEED CAPITAL.
2023
$10K
GENERAL SUPPORT
2023
$10K
OPERATING FUND AND GENERAL ASSISTANCE
2023
$10K
General Purpose
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$8K
DIRECT FOR EXEMPT
2023
$4K
General Operating Support
2023
$4K
FOR GENERAL OPERATING SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$1K
SUPPORT PROGRAMS THAT HELP INDIVIDUALS IN EXTREME POVERTY WITH RESOURCES TO CREATE SUSTAINABLE BUSINESSES.
2023
$25
PROGRAM/OPERATING SUPPORT
2023
$7.1M
INTERNATIONAL
2022
$2.3M
For grant recipient's exempt purposes
2022
$728K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$222K
INTERNATIONAL, FOREIGN AFFAIRS
2022
$216K
SUPPORT FOR THE PARKS: POVERTY ALLEVIATION AND REMOVAL OF KIBALE SNARES PROJECT, REDUCING THREATS TO CHIMPANZEES AND IMPROVING HUMAN WELL-BEING IN AND AROUND KIBALE NATIONAL PARK.
2022
$216K
SUPPORT FOR THE PARKS: POVERTY ALLEVIATION AND REMOVAL OF KIBALE SNARES PROJECT, REDUCING THREATS TO CHIMPANZEES AND IMPROVING HUMAN WELL-BEING IN AND AROUND KIBALE NATIONAL PARK.
2022
$200K
GENERAL OPERATING SUPPORT
2022
$110K
GENERAL OPERATING SUPPORT
2022
$110K
UNRESTRICTED GENERAL SUPPORT
2022
$77K
International Development
2022
$50K
GENERAL SUPPORT
2022
$49K
UNRESTRICTED
2022
$40K
TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION.
2022
$40K
UTILIZE THE GRADUATION APPROACH TO ADDRESS THE CHALLENGES OF WOMEN LIVING IN RURAL POVERTY IN UGANDA BY PROVIDING ACCESS TO BUSINESS SAVINGS GROUPS, FINANCIAL LITERACY, SUSTAINABILITY TRAINING, MEMBERSHIP AND A CASH GRANT AS SEED CAPITAL.
2022
$30K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$25K
SUPPORT FOR TECHNICAL ASSISTANCE FOR THE LOMAKO PROJECT EXPANSION TO BRIDGE THE GAP BETWEEN LOCAL COMMUNITIES AND BONOBOS IN THE DRC.
2022
$25K
SUPPORT FOR TECHNICAL ASSISTANCE FOR THE LOMAKO PROJECT EXPANSION TO BRIDGE THE GAP BETWEEN LOCAL COMMUNITIES AND BONOBOS IN THE DRC.
2022
$25K
TO FURTHER AND PROMOTE CHARITABLE EFFORTS.
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$20K
CHARITABLE PURPOSE
2022
$10K
GENERAL SUPPORT
2022
$10K
General Purpose
2022
$10K
FOR GENERAL OPERATING SUPPORT
2022
$5K
DIRECT FOR EXEMPT
2022
$4K
General Operating Support
2022
$4K
FOR GENERAL OPERATING SUPPORT, IN HONOR OF RUSSELL AND DEBBIE HALL
2022
$1K
PROGRAM/OPERATING SUPPORT
2022
$1K
SUPPORT PROGRAMS THAT HELP INDIVIDUALS IN EXTREME POVERTY WITH RESOURCES TO CREATE SUSTAINABLE BUSINESSES.
2022
$2.4M
For grant recipient's exempt purposes
2021
$2.4M
For grant recipient's exempt purposes
2021
$254K
INTERNATIONAL, FOREIGN AFFAIRS
2021
$150K
GENERAL OPERATING SUPPORT
2021
$90K
INTERNATIONAL
2021
$36K
UNRESTRICTED
2021
$32K
For recipient's exempt purpose
2021
$25K
TO FURTHER AND PROMOTE CHARITABLE EFFORTS.
2021
$10K
GENERAL OPERATING SUPPORT
2021
$10K
ENDING POVERTY IN RURAL AFRICA
2021
$5K
DIRECT FOR EXEMPT
2021
$602K
For grant recipient's exempt purposes
2020
$292K
to support West Pokot County Government, in Kenya, to develop a coherent approach to scale up graduation and integrate it into interventions seeking to realize social and economic inclusion of the extreme poor
2020
$243K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$160K
UNRESTRICTED GENERAL SUPPORT
2020
$110K
GENERAL OPERATING SUPPORT
2020
$74K
INTERNATIONAL, FOREIGN AFFAIRS
2020
$72K
International Development
2020
$51K
INTERNATIONAL
2020
$50K
GENERAL SUPPORT
2020
$39K
Unrestricted
2020
$30K
CHARITABLE PURPOSE
2020
$30K
General support
2020
$25K
TO FURTHER AND PROMOTE CHARITABLE EFFORTS.
2020
$25K
ENDING POVERTY FOR WOMEN IN WEST POKOT THROUGH ENTREPRENEURSHIP
2020
$10K
FOR GENERAL OPERATING SUPPORT
2020
$10K
General Purpose
2020
$10K
GENERAL OPERATING SUPPORT
2020
$5K
Directly for the conduct of exempt activities
2020
$5K
INTERNATIONAL
2020
$5K
General Support
2020
$5K
GENERAL OPERATING
2020
$1K
GENERAL SUPPORT
2020
$153
HEALTH AND HUMAN SERVICES
2020
$10
GENERAL SUPPORT
2020
$543K
For grant recipient's exempt purposes
2019
$400K
SUPPORT OF SCALING EFFORTS
2019
$90K
UNRESTRICTED GENERAL SUPPORT
2019
$60K
INTERNATIONAL, FOREIGN AFFAIRS
2019
$50K
INTERNATIONAL
2019
$10K
General Purpose
2019
$900K
TO PROVIDE WORKING CAPITAL FOR FUNDING SOCIAL PROGRAMS IN ORDER TO REDUCE EXTREME POVERTY BY PROVIDING GRANTS AND TRAINING TO ENTREPRENEURS WHO WILL CREATE SMALL BUSINESSES.
2018
$438K
For grant recipient's exempt purposes
2018
$75K
General Operating Support
2018
$52K
INTERNATIONAL, FOREIGN AFFAIRS
2018
$47K
Unrestricted
2018
$41K
TO END EXTREME POVERTY IN RURAL AFRICA
2018
$40K
General Support
2018
$3K
PROGRAM ACTIVITIES
2018
$1K
PROGRAM/OPERATING SUPPORT
2018
$1M
TO PROVIDE WORKING CAPITAL FOR FUNDING SOCIAL PROGRAMS IN ORDER TO REDUCE EXTREME POVERTY BY PROVIDING GRANTS AND TRAINING TO ENTREPRENEURS WHO WILL CREATE SMALL BUSINESSES.
2017
$110K
PROVIDE OPERATING SUPPORT
2017
$51K
PUBLIC, SOCIETAL BENEFIT
2017
$44K
INTERNATIONAL/FOREIGN AFFAIRS
2017
$40K
General Support
2017

Funded by

$33.0M from 52 funders · 144 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$11.3M · 7 grants · 2018–2023

National Philanthropic Trust

$7.4M · 6 grants · 2017–2023

Village Enterprise Capital Connector Corp

$2.3M · 3 grants · 2017–2020

The Laura Ellen & Robert Muglia Family

$2M · 2 grants · 2023–2024

Vanguard Charitable Endowment Program

$1.5M · 4 grants · 2020–2023

Gates Foundation

$938K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$906K · 7 grants · 2017–2023

Arcus Foundation

$862K · 6 grants · 2022–2024

Details

EIN222852248
NTEE codeQ320
Subsection03
Ruling date1988-02
Formed1987
Employees18
Volunteers22
VILLAGE ENTERPRISE FUND INC — Mission, Financials & Grants Received | Grantivo