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International : Development and Relief Services

Village Enterprise

Creating sustainable businesses. Transforming lives.

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Impact Information Available
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four stars

93.72

751 Laurel Street, PMB 222 San Carlos, CA 94070
tel: (650) 802-8891   Web Site
EIN: 22-2852248

Board Leadership
Deborah A Hall
Chair

CEO
Dianne Calvi
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 93.72 four stars
  Financial 91.12 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Our mission end extreme poverty in rural Africa through entrepreneurship and innovation.

The Village Enterprise one-year Graduation program provides groups of three entrepreneurs with seed capital ($150), training and on-going mentoring by a local business mentor. We organize the business groups into Business Savings Groups (BSGs) of 30 entrepreneurs (10 business groups) to allow access to growth capital, provide a safe place for savings and build social capital. Integrated conservation training ensures that new business activities promote environmental best practices. Examples of businesses include livestock, farming, small retail stores and restaurants, tailoring, and beekeeping.

Village Enterprise has started over 33,000 businesses and trained over 136,000 East Africans. As we scale up and move into new communities, we're designing and testing pilots to improve our impact and efficiency.
Village Enterprise is headquartered in San Carlos, CA, and operates in Kenya and Uganda.

Our mission end extreme poverty in rural Africa through entrepreneurship and innovation.

The Village Enterprise one-year Graduation program provides groups of three entrepreneurs with seed capital ($150), training and on-going mentoring by a local business mentor. We organize the business groups into Business Savings Groups (BSGs) of 30 entrepreneurs (10 business groups) to allow access to growth capital, provide a safe place for savings and build social capital. Integrated conservation training ensures that new business activities promote environmental best practices. Examples of businesses include livestock, farming, small retail stores and restaurants, tailoring, and beekeeping.

Village Enterprise has started over 33,000 businesses and trained over 136,000 East Africans. As we scale up and move into new communities, we're designing and testing pilots to improve our impact and efficiency.
Village Enterprise is headquartered in San Carlos, CA, and operates in Kenya and Uganda.

Impact Information

Program Name: Village Enterprise Microenterprise Graduation Program
Problem

More than one-third of those living on less than $1.90 per day reside in sub-Saharan Africa. While the global rate of extreme poverty plummeted from 36% in 1990 to 14% by 2014, the extreme poverty rate in sub-Saharan Africa only decreased from 57% to 47%. And because of high population growth, the absolute number of Africans living in extreme poverty has almost doubled to 415 million people. We work in remote rural areas of East Africa, where nearly 60% of the population lives below this line.

Strategy

Village Enterprise plays a unique role in the poverty reduction ‘Graduation’ sector. Our evidence-based model is simple, impactful, and cost effective at just $500 per 3-person business. We are pursuing a dual strategy to scale: (1) increase our in-country growth; and (2) partner with NGOs, governments, foundations, and research institutions that are interested in bringing our model into new African countries. We aim to impact the lives of millions, thus significantly contributing to the #1 SDG.

IF:THEN

IF seed capital, business and motiviational training, and access to savings are provided to the the rural ultra poor who live below the extreme poverty line of $1.90 a day...

THEN program participants will have the capital and tools to start and grow their income-generating businesses. Thus, our business owners will increase their economic potential and lift themselves and their families out of extreme poverty through their own efforts. In addition, their confidence, economic self-sufficiency, and hope for their future will increase.

IF business owners run successful businesses and form successful savings groups...

THEN incomes and savings available for household needs will increase
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This impact information is current as of November 2017, when it was provided to us by Classy. Impact information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

four stars

91.12

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.2%
  Administrative Expenses 5.9%
  Fundraising Expenses 13.8%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.67
  Program Expenses Growth 12.9%
  Liabilities to Assets 1.8%
All data for Financial Performance Metrics calculations was provided by Village Enterprise on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Village Enterprise on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Village Enterprise (CA) 93.72 four stars
Outreach International (MO) 98.00 four stars
Sustainable Harvest International (ME) 89.80 three stars
Bridges to Prosperity (CO) 89.99 three stars
Plant With Purpose (CA) 89.20 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,571,468
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,571,468
   Program Service Revenue $0
Total Primary Revenue $3,571,468
   Other Revenue $631
TOTAL REVENUE $3,572,099
   
EXPENSES  
   Program Expenses $2,302,495
   Administrative Expenses $161,519
   Fundraising Expenses $305,155
TOTAL FUNCTIONAL EXPENSES $2,769,169
   
Payments to Affiliates $0
Excess (or Deficit) for the year $802,930
   
Net Assets $1,493,646

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Seed Capital Grants $2,072,245 90.0%
Training and Mentoring $138,150 6.0%
Business Mentoring for New Businesses $92,100 4.0%

Ratings History
Village Enterprise has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 07/01/2018 93.72 four stars
2016-06 12/22/2017 91.93 four stars
2015-06 11/01/2016 90.39 four stars
2014-06 06/01/2016 88.58 three stars
 
CN 2.0
2014-06 07/01/2015 91.81 four stars
2013-06 09/01/2014 92.76 four stars
2013-06 08/01/2014 91.23 four stars
2012-06 10/01/2013 80.15 three stars
2011-06 06/01/2013 77.09 two stars
2011-06 10/01/2012 72.05 two stars
2010-06 06/01/2012 75.52 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 22-2852248
Name in IRS Master File VILLAGE ENTERPRISE FUND INC
NTEE Code Q32
NTEE Classification International Economic Development
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (910) Domestic organization with activities outside U.S.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1988
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$133,141 4.80% Dianne Calvi President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Village Enterprise (CA) 93.72 four stars
Friendship Bridge (CO) 89.02 three stars
Mentors International (UT) 87.44 three stars
The Resource Foundation (NY) 93.53 four stars
American Himalayan Foundation (CA) 95.06 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Village Enterprise
751 Laurel Street, PMB 222
San Carlos, CA 94070
tel: (650) 802-8891
EIN: 22-2852248

Visit Web Site

Board Leadership

Deborah A Hall
Chair

CEO

Dianne Calvi
CEO

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