California · Nonprofit
VILLAGE ENTERPRISE FUND
VILLAGE ENTERPRISE FUND (California) receives grants from 91 organizations whose IRS filings report $48,954,326 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($12,645,418). 62 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $22M
- Funders on record
- 91
- Grants received
- $49M
- Net assets
- $16M
What Village Enterprise Fund does
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)
As stated on its FY2025 Form 990.
Programs
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.
$5,425,322 spentof which $3,874,003 as grants32% of program spendingCatholic 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.
$987,009 spentof which $68,384 as grants6% of program spendingVillage 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.
$985,276 spentof which $311,034 as grants6% of program spendingThe 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.
$827,441 spentof which $101,880 as grants5% of program spendingThe 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.
$643,759 spentof which $352,771 as grants4% of program spendingOther program services
$8,208,185 spentof which $2,501,007 as grants48% of program spending
The 6 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $17,076,992.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $9.6M to $17M (+73%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 5% · 2022 3% · 2023 1% · 2024 12% · 2025 16%. Grants only. Government contracts and fees sit inside program revenue.
96% of VILLAGE ENTERPRISE FUND’s revenue is contributions — about as donation-reliant as the typical peer (96% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dianne Calvi
CEO
Board chair
Katie Boland
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 23 funders to 41 funders, grant income rose $1.5M → $13M.
24 of 91 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 59% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $2.3M from one payer (the payer shares this organization's board, largest Village Enterprise Capital Connector Corporation). These are real filings, and they are not money VILLAGE ENTERPRISE FUND raised.
From the IRS filings of VILLAGE ENTERPRISE FUND’s funders (the co-funder graph). Top 30 of 91 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VILLAGE ENTERPRISE FUND has a broad base — no single funder exceeds 26% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
62% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VILLAGE ENTERPRISE FUND.
Largest funder’s share by year: 2017 35% · 2018 17% · 2019 23% · 2020 19% · 2021 27% · 2022 42% · 2023 54% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
62% of VILLAGE ENTERPRISE FUND's funders are still giving 3 years after their first grant; 68% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of VILLAGE ENTERPRISE FUND's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $20M that is directly attributable, 73% of it comes from funders outside California, across 20 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $29M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VILLAGE ENTERPRISE FUND has grown faster than three-quarters of the 190 international nonprofits its size.
this organization peer median middle 50% of peers· 190 international nonprofits $10M–$100M, FY2025
Government funding VILLAGE ENTERPRISE FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.5M on record.
- Agency for International Development$5.5M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like VILLAGE ENTERPRISE FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Village Enterprise Capital Connector Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for VILLAGE ENTERPRISE FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VILLAGE ENTERPRISE FUND?
- VILLAGE ENTERPRISE FUND (California) receives grants from 91 organizations whose IRS filings report $48,954,326 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($12,645,418). 62 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does VILLAGE ENTERPRISE FUND have?
- IRS filings report 91 organizations giving $48,954,326 in grants to VILLAGE ENTERPRISE FUND, 62 of which have funded it in more than one year.
- Who is the largest funder of VILLAGE ENTERPRISE FUND?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $12,645,418 in grants. The full list of funders is on this page.
- How can an organization like VILLAGE ENTERPRISE FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 91 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing