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International : Development and Relief Services

Village Enterprise

Creating sustainable businesses. Transforming lives.

four stars

93.88

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 93.88 four stars
  Financial 91.35 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Our mission is to 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 ongoing mentoring by a local business mentor. We organize the business groups into Business Savings Groups 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, restaurants, tailoring, and beekeeping. Village Enterprise has started over 45,000 businesses and trained over 178,000 East Africans. Village Enterprise is headquartered in San Carlos, CA, and operates in Kenya and Uganda. Village Enterprise has top ratings across all categories from ImpactMatters and is endorsed by The Life You Can Save.

Our mission is to 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 ongoing mentoring by a local business mentor. We organize the business groups into Business Savings Groups 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, restaurants, tailoring, and beekeeping. Village Enterprise has started over 45,000 businesses and trained over 178,000 East Africans. Village Enterprise is headquartered in San Carlos, CA, and operates in Kenya and Uganda. Village Enterprise has top ratings across all categories from ImpactMatters and is endorsed by The Life You Can Save.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Microenterprise Program
Program Activities
A yearlong, four-part program to the extreme poor: cash to start a business, training, mentoring and a savings group.
Impact Statement
$400 increases consumption expenditure of a person living in poverty by $900.
Confidence in Estimate
ImpactMatters assigned a rating of 5/5 for the audit team's confidence in its impact estimate for the Microenterprise Program.
Methodology
Village Enterprise underwent a rigorous audit of its impact by ImpactMatters.
Data Source
Multi-arm randomized controlled trial (R.C.T.) conducted by third-party evaluator Innovations for Poverty Action (I.P.A.) on the Village Enterprise program.
Attribution Method
Villages were randomly assigned to the control group. The R.C.T. tracked outcomes of the control group to estimate counterfactual success.
Details
This report was independently audited by ImpactMatters. This report covers August 2014 to August 2015.
This impact information is current as of March 2019, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

91.35

Accountability & Transparency

four stars

100.00

This rating was published 11/01/2019 and includes data from FY2018, 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)
81.0%
  Administrative Expenses 5.5%
  Fundraising Expenses 13.3%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.02
  Program Expenses Growth 21.6%
  Liabilities to Assets 5.6%
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) 93.88 four stars
Partners Worldwide (MI) 89.48 three stars
Acumen (NY) 96.85 four stars
buildOn (CT) 95.84 four stars
Root Capital (MA) 92.38 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,426,504
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $1,000,000
   Government Grants $0
Total Contributions $4,426,504
   Program Service Revenue $0
Total Primary Revenue $4,426,504
   Other Revenue $650
TOTAL REVENUE $4,427,154
   
EXPENSES  
   Program Expenses $2,585,928
   Administrative Expenses $163,185
   Fundraising Expenses $423,603
TOTAL FUNCTIONAL EXPENSES $3,172,716
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,254,438
   
Net Assets $2,747,712

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.

Due to an error on this organization's Form 990, we are unable to display program information.

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

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 11/01/2019 93.88 four stars
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
Compensation % of Expenses Paid to Title
$126,671 3.99% Dianne Calvi President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Village Enterprise (CA) 93.88 four stars
Solar Electric Light Fund (DC) 89.02 three stars
Global Fund for Children (DC) 86.51 three stars
Safe Water Network (NY) 91.11 four stars
World Neighbors (OK) 90.97 four stars

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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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