EIN 23-7398678

Mennonite Economic Development Associates (MEDA)

IRS 501(c) type
501(c)(3)
Num. employees
14
Year formed
1973
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Mennonite Economic Development Associates creates business solutions to poverty, working alongside partners and clients to alleviate poverty, support sustainable business growth and livelihoods, empower women in their economies, and provide access to credit and equity financing for businesses and small entrepreneurs in developing countries.
Total revenues
$11,559,834
2023
Total expenses
$10,809,751
2023
Total assets
$19,730,904
2023
Num. employees
14
2023

Program areas at MEDA

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

Who funds Mennonite Economic Development Associates (MEDA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bill & Melinda Gates FoundationAgricultural Development$450,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$38,200
National Christian Foundation / Natl Christian Charitable FDN IncPoverty$30,000
...and 8 more grants received

Personnel at MEDA

NameTitleCompensation
Dorothy NyambiPresident and Chief Executive Officer , Meda$0
Claude ClodomirChief of Party , Haiti , Meda$277,656
Linkedin Claude ClodomirChief of Party, Haiti
Wendy ClaysonChief Financial and Investment Officer$0
Michael WhiteChief Marketing and Development Officer$0
...and 23 more key personnel

Financials for MEDA

RevenuesFYE 06/2023
Total grants, contributions, etc.$11,296,249
Program services$212,126
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$51,459
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,559,834

Form 990s for MEDA

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-15990View PDF
2022-062022-10-31990View PDF
2021-062021-10-29990View PDF
2020-062021-10-15990View PDF
2019-062019-11-25990View PDF
...and 10 more Form 990s
Data update history
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 12, 2024
Updated personnel
Identified 1 new personnel
December 31, 2023
Received grants
Identified 6 new grant, including a grant for $450,000 from Bill & Melinda Gates Foundation
December 29, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsFamily service centersHeadquarter / parent organizationsCharities
Issues
Community improvementForeign affairsInternational developmentEconomic development
Characteristics
Operates internationallyReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
33 N Market St Suite 400
Lancaster, PA 17603
Metro area
Lancaster, PA
County
Lancaster County, PA
Website URL
meda.org/ 
Phone
(800) 665-7026
Facebook page
business.solutions.to.poverty 
Twitter profile
@medadotorg 
IRS details
EIN
23-7398678
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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