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Mennonite Economic Development Associates

Meda

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237398678 ✦ Lancaster, PA ✦ Designated as a 501(c)(3)

Overview

What is Mennonite Economic Development Associates?

Mennonite Economic Development Associates (MEDA) is a dedicated nonprofit organization that aims to combat poverty globally. They achieve this by designing business solutions, collaborating with partners and clients, and offering assistance to alleviate poverty. MEDA supports sustainable business growth and livelihoods, empowers women in their economies, and facilitates access to credit and equity financing for businesses and small entrepreneurs in developing countries. Their mission is multifaceted, encompassing poverty alleviation, fostering business growth, and promoting gender equality in economic development.


Official website here: www.meda.org

Is Mennonite Economic Development Associates legitimate?

Mennonite Economic Development Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mennonite Economic Development Associates submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $825,085

For more financial information, click here


Official website here: www.meda.org

What is the mission statement of Mennonite Economic Development Associates?

Mennonite Economic Development Associates, in its mission, aims to combat poverty by developing business solutions. They collaborate with partners and clients to alleviate poverty, foster sustainable business growth, and improve livelihoods in developing countries. The organization is committed to empowering women economically and providing access to credit and equity financing for small businesses and entrepreneurs in these regions.


Official website here: www.meda.org

What is the revenue of Mennonite Economic Development Associates?

Mennonite Economic Development Associates's revenue in 2023 was $11,559,834.


Official website here: www.meda.org

Who are the executives of Mennonite Economic Development Associates and what are their salaries?

The average compensation at Mennonite Economic Development Associates during 2023 was $58,935. There are 14 employees at Mennonite Economic Development Associates.

Here are 14 key members and their salaries (Mennonite Economic Development Associates's CEO's salary is $0 and their total compensation is $166,569):

    Claude Clodomir (Chief Of Party, Haiti, Meda)
  • Compensation: $277,656
  • Related: $0
  • Other: $0

    • Dorothy Nyambi (President/Ceo, Meda)
  • Compensation: $0
  • Related: $166,569
  • Other: $0

    • Millie Gadbois (Country Director, Senegal, Meda)
  • Compensation: $162,756
  • Related: $0
  • Other: $0

    • Derek Cameron (Sr. Vice President, Global Programs, Meda)
  • Compensation: $0
  • Related: $137,725
  • Other: $0

    • Lindsay Wallace (Sr. Vice President, Strategy & Impact)
  • Compensation: $0
  • Related: $134,566
  • Other: $0

    • Wendy Clayson (Chief Financial & Investment Officer)
  • Compensation: $0
  • Related: $133,177
  • Other: $0

    • Thomas Mccormack (Country Director, Ethiopia, Meda)
  • Compensation: $132,266
  • Related: $0
  • Other: $0

    • Michael White (Chief Marketing & Development Officer, Meda)
  • Compensation: $0
  • Related: $122,629
  • Other: $0

    • Verda Beachey (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Miller (Board Director , Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Myrl Nofziger (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crystal Weaver (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andreas Quiring (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bethany Fosdyck (Board Director , Treasury And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.meda.org

    Where can I find the form 990 for Mennonite Economic Development Associates?

    The Mennonite Economic Development Associates’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.meda.org

    Learn more at the official website: www.meda.org

    Mission Statement of Mennonite Economic Development Associates

    Mennonite Economic Development Associates, abbreviated as MEDA, is a nonprofit organization dedicated to combating poverty through innovative business solutions. Their mission is threefold: firstly, they work in collaboration with partners and clients to alleviate poverty. Secondly, they strive to support sustainable business growth and livelihoods, ensuring that the economic opportunities they create are long-term and beneficial to the communities they serve. Lastly, MEDA is committed to empowering women in their economies and providing them with access to credit and equity financing. By doing so, this organization aims to uplift small entrepreneurs and businesses in developing countries, helping them to thrive and ultimately contributing to the eradication of poverty.

    Impact

    This information is meant to be a general summary of Mennonite Economic Development Associates. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Mennonite Economic Development Associates (MEDA) creates business solutions to poverty by 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. Through its work, MEDA has made a significant impact on communities by lifting individuals out of poverty, fostering economic development, empowering women, and improving access to financial resources for small businesses. MEDA's efforts have contributed to building more resilient and prosperous communities in developing countries around the world.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $212,126
  • Gross Receipts: $11,559,834

    • Assets and Liabilities:
  • Total Assets: $19,730,904
  • Total Liabilities: $5,580,491
  • Net Assets: $14,150,413
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Publications, sponsorships, int'l tour fees

    Revenue

    $67,830

    Consulting Fees

    Revenue

    $13,775

    Convention and tour fees

    Revenue

    $130,521

    Organization Details

    Founding Year

    1973

    Main Address

    33 N Market Street Suite 400, Lancaster, PA, 176033805

    NTEE Category

    Code: Q320 - International

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