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← VILLAGE MICRO FUND

Form 990 for tax year 2023

Filed by VILLAGE MICRO FUND.

Totals

Total revenue
$737,871
Total expenses
$1,097,906
Contributions and grants received
$737,871
Grants paid
$90,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$37,561
Total liabilities, end of year
$27,659
Net assets or fund balances, end of year
$9,902
Program services expenses (Part IX)
$1,097,906
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,097,906

Program services were 100.0% 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.

  • 1d · Related organizations

    $737,871

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,000 · program services $90,000

  • 4 · Benefits paid to or for members

    total $25,319 · program services $25,319

  • 5 · Compensation of officers, directors and key employees

    total $222,768 · program services $222,768

  • 7 · Other salaries and wages

    total $398,558 · program services $398,558

  • 10 · Payroll taxes

    total $46,164 · program services $46,164

  • 11a · Fees: management

    total $201,642 · program services $201,642

  • 11c · Fees: accounting

    total $8,091 · program services $8,091

  • 12 · Advertising and promotion

    total $21,149 · program services $21,149

  • 13 · Office expenses

    total $25,481 · program services $25,481

  • 14 · Information technology

    total $670 · program services $670

  • 16 · Occupancy

    total $2,077 · program services $2,077

  • 17 · Travel

    total $52,498 · program services $52,498

  • 20 · Interest

    total $2,165 · program services $2,165

  • 23 · Insurance

    total $369 · program services $369

  • 24a · Other expenses: BANK FEES

    total $630 · program services $630

  • 24b · Other expenses: GIFTS

    total $325 · program services $325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,937 · end of year $37,561

  • 17 · Accounts payable and accrued expenses

    end of year $27,659

  • 27 · Net assets without donor restrictions

    beginning of year $369,937 · end of year $9,902

Mission and programs · 2023

Mission

VILLAGE MICRO FUND IS A COMMUNITY OF BUSINESSES THAT SIT ON THE WESTSIDE OF ATLANTA AND WE EDUCATE, CONNECT, AND ORGANIZE OUR COMMUNITY OF LOCAL BLACK OWNED BUSINESSES THROUGH OUR ACCELERATOR, COOPERATIVES, AND EVENTS.

  • In 2023, the Village Micro Fund had two successful cohorts, with one specifically focused on retail participants. We awarded $90,000 in grants to six businesses, demonstrating our commitment to supporting local entrepreneurship. Our achievements were recognized with the Bulldog 100 award from the University of Georgia (UGA). Additionally, we completed the prestigious Echoing Green fellowship, furthering our mission and impact.

    Expenses $1,097,906 · Grants $90,000 · Revenue $737,871

As filed on the 2023 return.

Listed in Part VII

  • Donte Miller

    EXECUTIVE DIRECTOR

    Total calculated
    $104,604
    From this org
    $104,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Harriett Williams

    VICE PRESIDENT

    Total calculated
    $104,396
    From this org
    $104,396
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

  • OUR KINDRED PAPER

    $15,000

  • G ANNS JUICES

    $15,000

  • MY NETWORKING APPAREL

    $15,000

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.1
Source object
202412559349301286

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