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Nonprofiteer
← VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP

Form 990 for tax year 2024

Filed by VILLAGE ENTERPRISE CAPITAL CONNECTOR CORP.

Totals

Total revenue
$7,951
Total expenses
$14,737
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,650
Investment income
$0
Other revenue
$6,301
Total assets, end of year
$5,348
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,348
Program services expenses (Part IX)
$0
Management and general expenses
$14,737
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FEES FOR SERVICES

    total $1,650 · related or exempt $1,650

  • 11a · Other revenue: OTHER INCOME

    total $6,301 · excluded $6,301

  • 11e · Other revenue, total

    $6,301

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $578 · management and general $578

  • 11c · Fees: accounting

    total $3,465 · management and general $3,465

  • 13 · Office expenses

    total $6,815 · management and general $6,815

  • 14 · Information technology

    total $1,550 · management and general $1,550

  • 23 · Insurance

    total $1,617 · management and general $1,617

  • 24a · Other expenses: TAXES & FEES

    total $712 · management and general $712

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,680 · end of year $3,698

  • 3 · Pledges and grants receivable

    end of year $1,650

  • 4 · Accounts receivable

    beginning of year $454

  • 27 · Net assets without donor restrictions

    beginning of year $12,134 · end of year $5,348

Mission and programs · 2024

Mission

VECC WAS FORMED TO SUPPORT VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND ACTIVITIES. VECC RECEIVES INVESTMENT FUNDS, ISSUES ECONOMIC DEVELOPMENT GRANTS TO VILLAGE ENTERPRISE AND COLLECTS OUTCOME PAYMENTS FOR DISTRIBUTION TO INVESTORS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • VECC WAS FORMED TO SUPPORT VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND ACTIVITIES. VECC RECEIVES INVESTMENT FUNDS, ISSUES ECONOMIC DEVELOPMENT GRANTS TO VILLAGE ENTERPRISE AND COLLECTS OUTCOME PAYMENTS FOR DISTRIBUTIONS TO INVESTORS.

    Revenue $1,650

As filed on the 2024 return.

Listed in Part VII

  • DIANE CALVI

    CEO

    Total calculated
    $302,359
    From this org
    $0
    From related orgs
    $273,863
    Other
    $28,496
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,380 related
    Bonus
    $0 + $11,483 related
    Other
    $0
    Deferred
    $0 + $7,583 related
    Nontaxable benefits
    $0 + $20,913 related
    Filer's total
    $0 + $302,359 related

  • JOE CHERNESKY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • JAMIE AUSTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • BRUCE SEWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • ABDI DEBELA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $224,535
    From this org
    $0
    From related orgs
    $207,201
    Other
    $17,334
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,512 related
    Bonus
    $0 + $8,689 related
    Other
    $0
    Deferred
    $0 + $5,738 related
    Nontaxable benefits
    $0 + $11,596 related
    Filer's total
    $0 + $224,535 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY THE RELATED ORGANIZATION, VEF, AND AS SUCH UTILIZES THE FOLLOWING TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VILLAGE ENTERPRISE IMPACT BOND LLC

    TO IMPROVE INCOME LEVELS OF THE EXTREME POOR · DE · income $0 · assets $2,608

    Directly controlled by VILLAGE ENTERPRISE CAPITAL CONNECTOR CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349301681

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