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Village Enterprise Fund
Village Enterprise Fund reported $21.5 million in revenue and $21.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.38 went to program services, $10.92 to management and general costs and $7.70 to fundraising. Its largest source of revenue was contributions and grants: 95.9% of the total. Government grants made up 15.6%. The highest compensation it reported for one person was $302,359 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 311% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $21MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.4% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.9% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.7% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 95.9% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 15.6% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $302,359 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.44% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 12 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.4 | 7.5 |
| Independent voting board members Part VI 1a–1b | 14 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe 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
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
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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Director/trustee, officer, 40.00 hrs/week | $273,863 | $0 | $28,496 | $302,359 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $207,201 | $0 | $17,334 | $224,535 |
| CHIEF IMPACT OFFICER (UNTIL 5/25) Highest compensated employee, 40.00 hrs/week | $181,740 | $0 | $14,604 | $196,344 |
| VP OF PHILANTHROPY (UNTIL 2/25) Highest compensated employee, 40.00 hrs/week | $166,613 | $0 | $18,890 | $185,503 |
| COO (UNTIL 12/24), MANG. DIR US (FROM 1/25) Officer, 40.00 hrs/week | $169,775 | $0 | $14,889 | $184,664 |
| CHIEF GOVERNMENT RELATIONS OFFICER Highest compensated employee, 40.00 hrs/week | $165,875 | $0 | $5,121 | $170,996 |
| CPO (UNTIL 12/2024), COO (FROM 1/25) Officer, 40.00 hrs/week | $136,509 | $0 | $27,676 | $164,185 |
| VP OF MONITORING & EVALUATION Highest compensated employee, 40.00 hrs/week | $128,341 | $0 | $27,513 | $155,854 |
12 people received more than $100,000 in reportable compensation from Village Enterprise Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $843K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 519
- Volunteers Part I, line 619
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SEVEN HILLS COMM Public relations | $119,468 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Village Enterprise Fund totaling $2.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Village Enterprise Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Village Enterprise Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Village Enterprise Fund spent in FY2025, $81.38 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Global Development IncubatorWashington, DC · revenue $22M · programs 88.7% · 2024
- Washington Institute for Near East PolicyWashington, DC · revenue $22M · programs 79.1% · 2024
- American Society of the University of HaifaNew York, NY · revenue $21M · programs 86.0% · FY2025
- Center for a New American SecurityWashington, DC · revenue $22M · programs 73.8% · FY2025
- Hope International Development AgencyChicago, IL · revenue $21M · programs 99.9% · 2024
All international, foreign affairs & national security charities · Largest charities in California
Questions people ask
How much of Village Enterprise Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, Village Enterprise Fund reported that 81.4% of its $21.0 million in expenses went to program services, 10.9% to management and general and 7.7% to fundraising (Form 990, Part IX).
How much does Village Enterprise Fund pay its top executive?
The largest total compensation Village Enterprise Fund reported for one person in the fiscal year ending June 30, 2025 was $302,359, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Village Enterprise Fund get its money?
Of $21.5 million in revenue in the fiscal year ending June 30, 2025, 95.9% came from contributions and grants (including 15.6% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Village Enterprise Fund a registered charity?
The IRS lists EIN 22-2852248 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349301128 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349315340 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349307530 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349318479 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349313795 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131179349300233 · read the filing
All filings for EIN 22-2852248: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.