Nonprofit · EIN 22-2852248
VILLAGE ENTERPRISE FUND INC
Tax-exempt · SAN CARLOS, CA 94070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,517,758 | $20,984,394 | $533,364 | $20,841,149 | $4,395,108 | $16,446,041 |
| June 30, 2024 | 990 | $17,629,529 | $16,678,907 | $950,622 | $18,573,765 | $2,618,232 | $15,955,533 |
| June 30, 2023 | 990 | $18,562,068 | $12,595,548 | $5,966,520 | $16,503,296 | $1,615,763 | $14,887,533 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,640,247
- of which government grants
- $3,356,704
- Program service revenue
- $0
- Investment income
- $768,158
- Net gain from sales of assets
- $53,330
- Other revenue
- $109,353
Expenses
- Grants and similar amounts paid
- $7,209,078
- Compensation of officers, directors and key employees
- $842,508
- Other salaries and wages
- $6,085,916
- Salaries, compensation and benefits (total)
- $8,851,768
- Professional fundraising fees
- $0
- Legal fees
- $23,629
- Accounting fees
- $88,995
- Occupancy
- $168,232
- Travel
- $1,630,577
- Depreciation
- $25,427
- Program services (functional)
- $17,076,992
- Management and general (functional)
- $2,291,686
- Fundraising (functional)
- $1,615,716
Balance sheet and other
- Total assets, start of year
- $18,573,765
- Total assets, end of year
- $20,841,149
- Total liabilities, end of year
- $4,395,108
- Net assets, end of year
- $16,446,041
- Land, buildings and equipment
- $41,591
- Publicly traded securities
- $14,301,184
- Net assets without donor restrictions
- $15,507,606
- Net assets with donor restrictions
- $938,435
- Gross receipts
- $23,974,057
- Employees
- 19
- Volunteers
- 19
- Year formed
- 1987
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE CALVI | CEO Trustee or director, Officer | 40 | $273,863 | $28,496 |
| ABDI DEBELA | CHIEF FINANCIAL OFFICER Officer | 40 | $207,201 | $17,334 |
| CELESTE BRUBAKER | CHIEF IMPACT OFFICER (UNTIL 5/25) Highest-paid employee | 40 | $181,740 | $14,604 |
| JAMES PHELAN | VP OF PHILANTHROPY (UNTIL 2/25) Highest-paid employee | 40 | $166,613 | $18,890 |
| ZACH HOINS | COO (UNTIL 12/24), MANG. DIR US (FROM 1/25) Officer | 40 | $169,775 | $14,889 |
| TADEO MURIUKI | CHIEF GOVERNMENT RELATIONS OFFICER Highest-paid employee | 40 | $165,875 | $5,121 |
| WINNIE AUMA | CPO (UNTIL 12/2024), COO (FROM 1/25) Officer | 40 | $136,509 | $27,676 |
| JOSEPH MUDENGE | VP OF MONITORING & EVALUATION Highest-paid employee | 40 | $128,341 | $27,513 |
| EVELYNE MKUNGO | VP OF PEOPLE & CULTURE Highest-paid employee | 40 | $128,939 | $20,019 |
| KATIE BOLAND | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| BRUCE SEWELL | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| EMEKA AJOKU | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE AUSTIN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DEBBIE HALL | CHAIR OF DEV COMMITTEE Trustee or director | 2 | $0 | $0 |
| ALEKSANDRA PETERS | CHAIR OF GOV & HR COMMITTEE Trustee or director | 2 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA GUERRA | CHAIR OF NOM COMMITTEE Trustee or director | 1 | $0 |
| JAY FRIEDRICHS | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK BROWN | DIRECTOR Trustee or director | 1 | $0 |
| MARY DOSUNMU | DIRECTOR Trustee or director | 1 | $0 |
| SERAH KIMANI | DIRECTOR Trustee or director | 1 | $0 |
| ALEXIS RWABIZAMBUGA | DIRECTOR Trustee or director | 1 | $0 |
| EVELYN NAMARA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MITHIKA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE CALVI | CEO & PRESIDENT Trustee or director, Officer | 40 | $245,786 | $26,395 |
| ABDI DEBELA | CHIEF FINANCIAL OFFICER Officer | 40 | $188,364 | $15,440 |
| ZACH HOINS | CHIEF OPERATING OFFICER Officer | 40 | $152,315 | $14,018 |
| TADEO MURIUKI | CHIEF GOVERNMENT RELATIONS OFFICER Highest-paid employee | 40 | $148,805 | $5,681 |
| CELESTE BRUBAKER | CHIEF IMPACT OFFICER Highest-paid employee | 40 | $137,575 | $13,423 |
| WINNIE AUMA | CHIEF PROGRAMS OFFICER Officer | 40 | $119,906 | $19,191 |
| LIZ CORBISHLEY | CHIEF STRATEGY OFFICER(UNTIL 2/2024) Officer | 40 | $125,919 | $8,288 |
| CAROLINE BERNADI | HEAD OF INNOVATIVE FINANCING Highest-paid employee | 40 | $129,618 | $3,893 |
| BRETT SLEZAK | VICE PRESIDENT OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $121,254 | $4,572 |
| EVELYNE MKUNGO | VICE PRESIDENT OF PEOPLE & CULTURE Highest-paid employee | 40 | $107,331 | $7,120 |
| BRUCE SEWELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EMEKA AJOKU | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| JAMIE AUSTIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KATIE BOLAND | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| ALEKSANDRA PETERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXIS RWABIZAMBUGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE HALL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| ERMIAS ESHETU | DIRECTOR (UNTIL 2/2024) Trustee or director | 1 | $0 | $0 |
| EVELYN NAMARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY FRIEDRICHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA GUERRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY DOSUNMU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MITHIKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK BROWN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SERAH KIMANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANNE CALVI | CEO & PRESIDENT Trustee or director, Officer | 40 | $193,042 | $23,369 |
| ZACH HOINS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $151,362 | $13,535 |
| CAROLINE BERNADI | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $127,933 | $3,227 |
| LIZ CORBISHLEY | CHIEF STRATEGY & PARTNERSHIP OFFICER Highest-paid employee | 40 | $126,439 | $3,336 |
| CELESTE BRUBAKER | CHIEF IMPACT OFFICER Officer | 40 | $95,182 | $12,136 |
| WINNIE AUMA | CHIEF PROGRAMS OFFICER Officer | 40 | $99,900 | $5,001 |
| ISRAEL GHEBRETSINAE | CHIEF FINANCIAL OFFICER Officer | 40 | $24,875 | $0 |
| ALEKSANDRA PETERS | CHAIR OF GOVERNANCE & HR COMMITTEE Trustee or director | 1 | $0 | $0 |
| ALEXIS RWABIZAMBUGA FROM 0523 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA BISHOP UNTIL 0323 | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BRUCE SEWELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBBIE HALL | CHAIR OF DEVELOPMENT COMMITTEE Trustee or director | 4 | $0 | $0 |
| EMEKA AJOKU | TREASURER, CHAIR OF FINANCE COMMITTEE Trustee or director, Officer | 4 | $0 | $0 |
| ERMIAS ESHETU FROM 0523 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVELYN NAMARA FROM 0523 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE AUSTIN | CHAIR OF IMPACT COMMITTEE Trustee or director | 1 | $0 | $0 |
| JAY FRIEDRICHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE CHERNESKY UNTIL 0323 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE DOUGHERTY UNTIL 0323 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE BOLAND | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| LARRY WU UNTIL 0323 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA GUERRA | CHAIR OF NOMINATING COMMITTEE Trustee or director | 1 | $0 | $0 |
| MARY DOSUNMU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MITHIKA FROM 0523 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK BROWN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SERAH KIMANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM GEISSE UNTIL 0323 | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ABDI DEBELA | CHIEF FINANCIAL OFFICER AS OF 1/2023 Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1161 CHERRY ST STE A, SAN CARLOS, CA 94070-3136
- In care of
- % KATHY PERKES
- Principal officer (990 for 2024)
- SAZINI MOJAPELO, 1161 CHERRY STREET A, SAN CARLOS, CA 94070
- Signed the 990
- SAZINI MOJAPELO, CEO
- Phone
- (650) 802-8891
- Website
- WWW.VILLAGEENTERPRISE.ORG
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
California records
California keeps its own records of charities and corporations. Search them by EIN 22-2852248 or by the name VILLAGE ENTERPRISE FUND INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
VILLAGE ENTERPRISE'S MISSION IS TO END EXTREME POVERTY IN RURAL AFRICA THROUGH ENTREPRENEURSHIP AND INNOVATION. PARTNERING WITH GOVERNMENTS, NONPROFITS, UNITED NATIONS AGENCIES, CONSERVATION ORGANIZATIONS, AND PRIVATE SECTOR COMPANIES, (SEE SCHEDULE O)
Program accomplishments
- THE DELIVERING RESILIENT ENTERPRISES AND MARKET SYSTEMS (DREAMS) PROJECT PROVIDES INNOVATIVE SOLUTION THAT DRIVES REFUGEE SELF-RELIANCE. THE PROJECT IS COFUNDED BY FIVE FOUNDATIONS AND IT AIMS TO PROVIDE TWO HUNDRED THOUSAND OF THE MOST VULNERABLE REFUGEES IN UGANDA AND ETHIOPIA.Expenses $5,425,322 · grants $3,874,003
- CATHOLIC RELIEF SERVICES (CRS)-NAWIRI - CRS AND THE CONSORTIUM THAT 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 $987,009 · grants $68,384
- 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 $985,276 · grants $311,034
- THE BILL & MELINDA GATES FOUNDATION SUPPORTED PROGRAM STRENGTHENED THE SCALABILITY AND SUSTAINABILITY OF VILLAGE ENTERPRISE'S ULTRA-POOR GRADUATION (UPG) MODEL IN KENYA THROUGH GOVERNMENT AND PRIVATE SECTOR INTEGRATION. THE PROGRAM ADVANCED PARTNERSHIPS WITH COUNTY GOVERNMENTS BY SUPPORTING POLICY DEVELOPMENT, BUILDING INSTITUTIONAL CAPACITY, AND IMPLEMENTING MANAGEMENT INFORMATION SYSTEMS TO ENABLE LOCAL OWNERSHIP AND DELIVERY OF POVERTY GRADUATION PROGRAMS. IN ADDITION, THE INITIATIVE PILOTED AN INNOVATIVE APPROACH THAT INTEGRATES UPG WITH MARKET SYSTEMS DEVELOPMENT, LINKING PARTICIPANTS TO PRIVATE SECTOR ACTORS AND VALUE CHAINS TO STRENGTHEN THE GROWTH AND SUSTAINABILITY OF MICROENTERPRISES. THE PROGRAM ALSO GENERATED LEARNING TO INFORM NATIONAL-LEVEL SOCIAL PROTECTION PROGRAMS AND CONTRIBUTE TO THE EVOLUTION OF ECONOMIC INCLUSION STRATEGIES IN KENYA.Expenses $827,441 · grants $101,880
- THE GREATER IMPACT FOUNDATION (GIF) PROJECT SUPPORTED THE EXPANSION OF VILLAGE ENTERPRISE'S RURAL MICROENTERPRISE DEVELOPMENT PROGRAM IN KENYA AND UGANDA. THE PROGRAM DELIVERED ENTREPRENEURSHIP TRAINING, SEED CAPITAL, AND BUSINESS MENTORSHIP TO VULNERABLE HOUSEHOLDS IN WEST POKOT AND MT. ELGON (KENYA), AND GULU AND SOROTI (UGANDA), ENABLING THE ESTABLISHMENT OF NEW MICROENTERPRISES AND STRENGTHENING HOUSEHOLD INCOME GENERATION. THE INITIATIVE INCORPORATED PROGRAM EFFICIENCY IMPROVEMENTS TO EXPAND OUTREACH AND COST-EFFECTIVENESS, AND INCLUDED MONITORING OF PREVIOUSLY SUPPORTED BUSINESSES TO INFORM LEARNING AND CONTINUOUS IMPROVEMENT OF THE MODEL.Expenses $643,759 · grants $352,771
- OTHER PROGRAM SERVICESExpenses $8,208,185 · grants $2,501,007
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2852248
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q320)
- Assets (IRS master file)
- $20,841,149
- Income (IRS master file)
- $23,974,057
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,517,758 | $20,984,394 | $20,841,149 | IRS |
| 990 | June 2024 | $17,629,529 | $16,678,907 | $18,573,765 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $18,562,068 | $12,595,548 | $16,503,296 | XML |
| 990 | June 2022 | $11,795,930 | $7,739,988 | $9,553,935 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2852248).
Questions about VILLAGE ENTERPRISE FUND INC
- What is the EIN of VILLAGE ENTERPRISE FUND INC?
- The employer identification number (EIN) of VILLAGE ENTERPRISE FUND INC is 22-2852248.
- Is VILLAGE ENTERPRISE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to VILLAGE ENTERPRISE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE ENTERPRISE FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VILLAGE ENTERPRISE FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILLAGE ENTERPRISE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VILLAGE ENTERPRISE FUND INC?
- The 990 for the year ended June 30, 2025 names SAZINI MOJAPELO.
- Who are the officers and directors of VILLAGE ENTERPRISE FUND INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 9 received compensation from the organization, the highest $273,863 (DIANNE CALVI, CEO).
- How much revenue does VILLAGE ENTERPRISE FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,517,758, expenses of $20,984,394 and total assets of $20,841,149 at year end.
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All nonprofits in SAN CARLOS · California · International, foreign affairs and national security