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← MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES

Form 990 for tax year 2024

Filed by MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES.

Totals

Total revenue
$9,546,791
Total expenses
$8,405,506
Contributions and grants received
$8,993,835
Grants paid
$3,010,578
Program service revenue
$449,134
Investment income
$14,307
Other revenue
$89,515
Total assets, end of year
$17,608,172
Total liabilities, end of year
$2,985,057
Net assets or fund balances, end of year
$14,623,115
Program services expenses (Part IX)
$6,142,465
Management and general expenses
$51,651
Fundraising expenses
$2,211,390
Program service expenses (Part III)
$6,142,465

Program services were 73.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $619,455

  • 1f · All other contributions, gifts and grants

    $8,374,380

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Publications, sponsorships, International Tour Fees

    total $200,025 · related or exempt $200,025 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Program Related Investment Income

    total $249,109 · related or exempt $249,109 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14,307 · related or exempt $0 · unrelated business $0 · excluded $14,307

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $89,515 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $89,515 · personal property $0

  • 6d · Net rental income or loss

    total $89,515 · related or exempt $0 · unrelated business $0 · excluded $89,515

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,010,578 · program services $3,010,578

  • 7 · Other salaries and wages

    total $2,215,951 · program services $1,171,597 · management and general $207,400 · fundraising $836,954

  • 8 · Pension plan contributions

    total $47,170 · program services $10,606 · management and general $14,077 · fundraising $22,487

  • 9 · Other employee benefits

    total $145,755 · program services $37,788 · management and general $33,042 · fundraising $74,925

  • 10 · Payroll taxes

    total $78,373 · program services $22,954 · management and general $20,248 · fundraising $35,171

  • 11a · Fees: management

    total $643,119 · program services $450,840 · management and general $192,279 · fundraising $0

  • 11b · Fees: legal

    total $17,723 · program services $14,152 · management and general $3,571 · fundraising $0

  • 11c · Fees: accounting

    total $99,226 · program services $99,226

  • 12 · Advertising and promotion

    total $968 · management and general $968

  • 13 · Office expenses

    total $2,257,147 · program services $971,806 · management and general $768,575 · fundraising $516,766

  • 14 · Information technology

    total $15,535 · program services $13,443 · management and general $2,092

  • 16 · Occupancy

    total $46,324 · program services $41,380 · management and general $4,944

  • 17 · Travel

    total $691,212 · program services $297,701 · management and general $31,468 · fundraising $362,043

  • 19 · Conferences, conventions and meetings

    total $363,044 · fundraising $363,044

  • 22 · Depreciation, depletion and amortization

    total $8,058 · program services $394 · management and general $7,664 · fundraising $0

  • 23 · Insurance

    total $32,508 · management and general $32,508

  • 24a · Other expenses: Direct Program Expenditures

    total $136,255 · program services $0 · management and general $136,255 · fundraising $0

  • 24b · Other expenses: Training/Resources/Publication/Mailings

    total -$24,359 · program services $0 · management and general -$24,359 · fundraising $0

  • 24c · Other expenses: Foreign Exchange Gain

    total -$1,379,081 · program services $0 · management and general -$1,379,081 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20 · end of year $420,179

  • 2 · Savings and temporary cash investments

    beginning of year $2,227,532 · end of year $4,526,451

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $2,254,437 · end of year $23,638

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $127,967 · end of year $109,126

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,639 · end of year $255,000

  • 10a · Land, buildings and equipment: cost or other basis

    $179,011

  • 10b · Land, buildings and equipment: accumulated depreciation

    $147,383

  • 10c · Land, buildings and equipment, net

    beginning of year $37,658 · end of year $31,628

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $14,283,239 · end of year $12,242,150

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $321,245 · end of year $497,412

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $753,861

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $4,589,063 · end of year $1,733,784

  • 27 · Net assets without donor restrictions

    beginning of year $14,161,184 · end of year $14,623,115

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

MEDA creates business solutions to poverty.

  • MEDA 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.

    Expenses $3,010,578 · Revenue $3,274,982

  • MEDA develops and invests in vehicles that assist low-income persons in developing countries through the provision of credit and equity financing that creates businesses and income generation to assist the poor.

    Expenses $1,143,988 · Revenue $249,109

  • MEDA programs facilitates the connection of faith and work through discussions, publications and conventions for participants.

    Expenses $1,987,899 · Revenue $200,025

As filed on the 2024 return.

Listed in Part VII

  • Claude Clodomir

    Chief of Party, Haiti, MEDA

    Total calculated
    $377,177
    From this org
    $377,177
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $170,251
    Bonus
    $0
    Other
    $206,925
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,190 related
    Filer's total
    $377,176 + $14,190 related

  • Dorothy Nyambi

    President/CEO, MEDA

    Total calculated
    $190,701
    From this org
    $0
    From related orgs
    $190,701
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $154,887
    Bonus
    $0
    Other
    $35,814
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,218 related
    Filer's total
    $190,701 + $4,218 related

  • Josh Landis

    Interim VP Philanthropy & Public Engagement

    Total calculated
    $188,027
    From this org
    $188,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $170,251
    Bonus
    $0
    Other
    $17,775
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,190 related
    Filer's total
    $188,026 + $14,190 related

  • Gina Volynsky

    SVP, Partnerships & Business Accelerator

    Total calculated
    $160,218
    From this org
    $160,218
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Mike Miller

    Sr. Vice President, Marketing & Development, MEDA

    Total calculated
    $160,204
    From this org
    $160,204
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Derek Camaron

    VP Global Programs

    Total calculated
    $138,363
    From this org
    $0
    From related orgs
    $138,363
    Other
    $0
    Hours/week
    37.5

  • Crystal Weaver

    Board Director, Chair

    Total calculated
    $0
    Hours/week
    0

  • Andreas Quiring

    Board Director, Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Verda Beachey

    Board Director, Secretary

    Total calculated
    $0
    Hours/week
    0

  • Bethany Fosdyck

    Board Director - Vice Chair

    Total calculated
    $0
    Hours/week
    0

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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)

Schedule J, Part I, Line 1a
Schedule J, Part I, Line 1a - Claude Clodomir, as his role as Chief of Party in Haiti, is eligible for a housing allowance.

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.

  • Mennonite Economic Development Associates of Canada

    Economic development · CA

    Directly controlled by MEDA International

  • MEDA Europa

    Economic development · GM · controlled entity

    Directly controlled by Mennonite Economic Associates US

  • MEDA International

    Economic Development · CA

  • MEDA Impact Investments

    Economic Development · CA

    Directly controlled by Mennonite Economic Development Associates of Canada

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.0
Source object
202630349349300343

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