Vilcap
Vilcap reported $14.0 million in revenue and $8.5 million in expenses for calendar year 2024. Of every $100 it spent, $92.70 went to program services, $4.48 to management and general costs and $2.82 to fundraising. Its largest source of revenue was contributions and grants: 89.9% of the total. Government grants made up 12.6%. The highest compensation it reported for one person was $270,312 (CHIEF EXECUTIVE OFFICER). 12 people received more than $100,000 in reportable compensation. Revenue rose 117% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.5MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.7% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.5% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 89.9% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 12.6% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 10.0% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $270,312 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.18% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 12 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.6 | 6.8 |
| Independent voting board members Part VI 1a–1b | 11 of 12 | 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
2024 · Form 990, Part III · the three largest programs by expenseVilcap, inc. (the organization") leverages entrepreneurship to drive impact at scale. It supports entrepreneurs who are building solutions in three core thematic areas - climate adaptation and innovation, economic mobility, and equitable access to essential services; and drives impact at scale by democratizing entrepreneurship, looking beyond equity, and enabling inclusive capital. To execute its mission, the organization has dispersed teams in bangalore, india; mumbai, india; nairobi, kenya; mexico city, mexico; london, uk; and across the united states
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Director/trustee, officer, 40.00 hrs/week | $251,558 | $0 | $18,754 | $270,312 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $182,569 | $0 | $19,356 | $201,925 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $167,108 | $0 | $14,830 | $181,938 |
| VP & MANAGING DIR, IMPACT INVESTMENTS Highest compensated employee, 40.00 hrs/week | $144,236 | $0 | $4,388 | $148,624 |
| REGINAL DIRECTOR, UNITED STATES Highest compensated employee, 40.00 hrs/week | $127,145 | $0 | $9,698 | $136,843 |
| REGINAL DIRECTOR, EUROPE Highest compensated employee, 40.00 hrs/week | $125,549 | $0 | $9,478 | $135,027 |
| HEAD OF TEAM & ORG DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $127,628 | $0 | $2,614 | $130,242 |
| CHIEF GROWTH OFFICER (THRU 07/2024) Highest compensated employee, 40.00 hrs/week | $110,458 | $0 | $3,349 | $113,807 |
12 people received more than $100,000 in reportable compensation from Vilcap (Part VII, line 2). Compensation of current officers, directors and key employees totaled $654K (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
2024 · 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–1b12 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- 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 530
- Volunteers Part I, line 6620
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| PIXELMATTERS - UNIPESSOAL LDA Web platform development & maintenance | $204,069 |
| ARMANINO LLP Accounting / bookkeeping services | $176,400 |
| SONA ATHRU LTD Consulting services | $155,244 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Vilcap totaling $1.5M 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 Vilcap's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Vilcap, you can publish a response that is linked from this page.
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Of every $100 Vilcap spent in 2024, $92.70 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Vilcap's spending goes to programs?
In calendar year 2024, Vilcap reported that 92.7% of its $8.5 million in expenses went to program services, 4.5% to management and general and 2.8% to fundraising (Form 990, Part IX).
How much does Vilcap pay its top executive?
The largest total compensation Vilcap reported for one person in calendar year 2024 was $270,312, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Vilcap get its money?
Of $14.0 million in revenue in calendar year 2024, 89.9% came from contributions and grants (including 12.6% from government grants) and 10.0% from program service revenue (Form 990, Part VIII).
Is Vilcap a registered charity?
The IRS lists EIN 27-4059343 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
- 2024: Form 990 for calendar year 2024, object 202503219349317540 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433189349305498 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349309848 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243149349305189 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143069349300819 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012139349300106 · read the filing
All filings for EIN 27-4059343: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.