Civic Intelligence

Mennonite Economic Development Associates

990 • Fiscal year 2024 • EIN 23-7398678

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 28, 2025

342 North Queen St Warehouse DLancaster, PA 17603

(800) 665-7026

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.52x

Higher debt load relative to revenue than 70% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

0.1%

Higher net margin than 37% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$302,787

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

20th percentile

-3.3%

Faster asset growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-19%

Faster revenue growth than 13% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$19,071,492

Down $659,412 (-3.3%) from 2023

Net Assets

Up

$14,161,184

Up $10,771 (+0.1%) from 2023

Liabilities

Down

$4,910,308

Down $670,183 (-12%) from 2023

Revenue

Down

$9,388,424

Down $2,171,410 (-19%) from 2023

Expenses

Down

$9,377,653

Down $1,432,098 (-13%) from 2023

Net Income

Down

$10,771

Down $739,312 (-99%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2021: $30,497,243Liabilities 2021: $19,176,290Net Assets 2021: $11,320,9532021Assets 2022: $26,265,593Liabilities 2022: $10,797,268Net Assets 2022: $15,468,3252022Assets 2023: $19,730,904Liabilities 2023: $5,580,491Net Assets 2023: $14,150,4132023Assets 2024: $19,071,492Liabilities 2024: $4,910,308Net Assets 2024: $14,161,1842024Assets 2025: $17,608,172Liabilities 2025: $2,985,057Net Assets 2025: $14,623,1152025

Highlighted filing

2024

Assets$19,071,492
Liabilities$4,910,308
Net Assets$14,161,184

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Revenue 2021: $8,967,684Expenses 2021: $8,229,735Net Income 2021: $737,9492021Revenue 2022: $14,802,817Expenses 2022: $10,655,445Net Income 2022: $4,147,3722022Revenue 2023: $11,559,834Expenses 2023: $10,809,751Net Income 2023: $750,0832023Revenue 2024: $9,388,424Expenses 2024: $9,377,653Net Income 2024: $10,7712024Revenue 2025: $9,546,791Expenses 2025: $8,405,506Net Income 2025: $1,141,2852025

Highlighted filing

2024

Revenue$9,388,424
Expenses$9,377,653
Net Income$10,771
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 28, 2025
Return Version
2023v6.0
Gross Receipts
$9,390,636
Mission and Program Overview

Mission

MEDA creates business solutions to poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$15,676,007$14,283,239▼ $1,392,768
Accounts Receivable$1,023,975$2,254,437▲ $1,230,462
Savings and Temporary Cash Investments$0$2,227,532▲ $2,227,532
Prepaid Expenses and Deferred Charges$12,722$140,639▲ $127,917
Other Notes and Loans Receivable, Net$802,546$127,967▼ $674,579
Land, Buildings, and Equipment, Net$50,860$37,658▼ $13,202
Cash and Non-Interest-Bearing Accounts$2,164,794$20▼ $2,164,774
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$19,730,904$19,071,492▼ $659,412
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$4,430,795$4,589,063▲ $158,268
Deferred Revenue$788,383$0▼ $788,383
Accounts Payable and Accrued Expenses$361,313$321,245▼ $40,068
Grants Payable-$0-
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,580,491$4,910,308▼ $670,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,150,413$14,161,184▲ $10,771
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$14,150,413$14,161,184▲ $10,771
Total Liabilities and Net Assets / Fund Balance$19,730,904$19,071,492▼ $659,412

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,000,000--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$1,122$24,299$0
Leasehold Improvements$36,536$34,143$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claude ClodomirChief of Party, Haiti, MEDAFT$152,097$171,975$324,072
Lindsay WallaceSr. Vice President, Strategy & Impact--$147,776$147,776
Jessica VillanuevaSr. Director, Technical Areas of Practice, MEDAFT$143,860-$143,860
Mike MillerSr. Vice President, Marketing & Development, MEDAFT$141,883-$141,883

Board Members and Trustees

NameTitle
Crystal WeaverBoard Director, Chair
Dorothy NyambiPresident/CEO, MEDA
James MillerBoard Director , Vice-Chair
Bethany FosdyckBoard Director, Secretary
Andreas QuiringBoard Director, Treasurer
Verda BeacheyDirector
Pierre KadetRegional Director, West & Central Africa

Highest Paid Contractors

ContractorServicesLocationCompensation
Sarona Asset Management Incinvestment managementThe Catalyst Commons, 210-137 Glasgow Street, Kitchener, Ontario, Ca$323,474
Revenue and Support

Revenue Composition

Contributions and Grants
$9,006,449
Program Service Revenue
$338,737
Investment Income
$16,931
Other Revenue
$26,307
All Other Contributions
$5,817,486
Change in Net Assets
$10,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,471,407
Salaries, Compensation, and Employee Benefits$1,207,329
Total Fundraising Expense$976,832
Grants and Similar Amounts Paid$698,917
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$994,500$668,488$201,360$1,864,348
Other Salaries and Wages$348,635$98,051$490,772$937,458
Foreign Grants$698,917--$698,917
Fees for Service Investment Mgmnt Fees$331,392$0$0$331,392
Other Employee Benefits$49,636$8,814$93,088$151,538
Interest$116,938$0$0$116,938
Travel$11,298$5,568$71,573$88,439
Payroll Taxes$26,590$7,578$38,301$72,469
Office Expenses$34,131$15,222$15,633$64,986
Fees for Services Accounting$2,968$55,902$0$58,870
Conferences and Meetings$51,764$57$4,535$56,356
Occupancy$75$45,800$3,711$49,586
Pension Plan Contributions$16,687$4,834$24,343$45,864
Other Expenses$40,000$484$0$40,484
Advertising$6,519$8,028$22,328$36,875
Information Technology$9,086$14,628$897$24,611
Insurance$0$13,684$0$13,684
Fees for Services Legal$1,040$7,992$3,435$12,467
Depreciation Depletion$164$10,826$0$10,990
Total Functional Expenses$7,434,733$966,088$976,832$9,377,653
International Activity

International Summary

Offices
2
Employees
19
Spending
$15,707,059

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$7,422,967
Central America and the CaribbeanProgram ServicesMicroenterprise113$2,350,964
Sub-Saharan AfricaProgram ServicesMicroenterprise16$1,774,022
Russia and Neighboring StatesInvestments-00$1,449,921
South AmericaInvestments-00$1,232,042
North America (including Canada and Mexico, but not the United States)Investments-00$1,172,512
Sub-Saharan AfricaInvestments-00$304,631
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Mennonite Economic Development Associates is a membership organization.

Form 990, Part VI, Section A, Line 7A

The Board of Directors is elected by the membership. Certain key actions and decisions of the Board must be approved by the members.

Form 990, Part VI, Section A, Line 7B

The approval of the Members is required for fundamental transactions of the Corporation: amendments of the by-laws or other organizational/governance documents, changes that could affect not-for-profit status, any change in mission or direction of the Corporation, expenditures in excess of a ten percent (10%) variance in the total annual budget, selection and/or removal of members of the Board of Directors of the Corporation, or to rescind any delegation of power by the Members to the Board of Directors, and to reserve such additional powers as the Members shall from time to time determine.

Form 990, Part VI, Section B, Line 11B

The Form 990 is available to public upon request. Form 990 is prepared by the Manager, Financial Planning & Analysis, reviewed by the Senior Director, Corporate Finance and signed off by the Chief Financial and Investment Officer.

Form 990, Part VI, Section B, Line 12C

Directors are asked to openly declare all potential conflicts of interest prior to each Board action.

Form 990, Part VI, Section B, Line 15

The compensation of the CEO is set by the Board of Directors after consultation with an external advisor.

Form 990, Part VI, Section C, Line 19

All organizational policies, financial statements and governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mennonite Economic Development Associates
EIN
23-7398678
Phone
8006657026
Address
342 North Queen St Warehouse D, Lancaster, PA 17603
Doing Business As
Meda

Signing Officer

Name
Wendy Clayson
Title
Cfio
Phone
8006657026
Signed
2025-02-28

Organization Details

Formed
1973
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
0
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IRS990/Desc0MEDA works alongside our partners and clients to help: i) alleviate poverty, ii) support sustainable business growth and livelihoods, iii) women move into more valued and equitable roles in their economies, iv) businesses and small entrepreneurs gain access to financial services including investment, adopt clean technologies/climate-smart approaches, and minimize their environmental footprint, and v) improve their economies. MEDA's development programs include a full range of economic development tools: financial services, improved technology, business training and better access to markets. Our development program work most often focuses on women, youth and people living in poverty in rural areas.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1170177
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2159012
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3147776
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chief of Party, Haiti, MEDA
IRS990/Form990PartVIISectionAGrp/TitleTxt1President/CEO, MEDA
IRS990/Form990PartVIISectionAGrp/TitleTxt2Regional Director, West & Central Africa
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sr. Vice President, Strategy & Impact
IRS990/Form990PartVIISectionAGrp/TitleTxt4Sr. Director, Technical Areas of Practice, MEDA
IRS990/Form990PartVIISectionAGrp/TitleTxt5Sr. Vice President, Marketing & Development, MEDA
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Director , Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Director, Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Director, Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Director, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/FormationYr01973
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt03374
IRS990/GainOrLossGrp/SecuritiesAmt00
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IRS990/GamingDirectExpensesAmt00
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IRS990/GrantAmt0648449
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05586
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt09390636
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt026307
IRS990/GrossSalesOfInventoryAmt00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0897
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014628
IRS990/InformationTechnologyGrp/ProgramServicesAmt09086
IRS990/InformationTechnologyGrp/TotalAmt024611
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt013684
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt013684
IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
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IRS990/InterestGrp/TotalAmt0116938
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt014283239
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt050860
IRS990/LandBldgEquipBasisNetGrp/EOYAmt037658
IRS990/LandBldgEquipCostOrOtherBssAmt096100
IRS990/LegalDomicileStateCd0PA
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0MEDA creates business solutions to poverty.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt034131
IRS990/OfficeExpensesGrp/TotalAmt064986
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08814
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt049636
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0151538
IRS990/OtherExpensesGrp/Desc0Direct Program Expenditures
IRS990/OtherExpensesGrp/Desc1Training, resources, publications, mailings
IRS990/OtherExpensesGrp/Desc2Unrealized and Realized Losses on Investments
IRS990/OtherExpensesGrp/Desc3Foreign Exchange Losses
IRS990/OtherExpensesGrp/FundraisingAmt01003
IRS990/OtherExpensesGrp/FundraisingAmt15853
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt04234130
IRS990/OtherExpensesGrp/ProgramServicesAmt133610
IRS990/OtherExpensesGrp/ProgramServicesAmt2426653
IRS990/OtherExpensesGrp/ProgramServicesAmt340000
IRS990/OtherExpensesGrp/TotalAmt04235133
IRS990/OtherExpensesGrp/TotalAmt139595
IRS990/OtherExpensesGrp/TotalAmt2426653
IRS990/OtherExpensesGrp/TotalAmt340484
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0490772

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