Mennonite Economic Development Associates (MEDA)

The information on this page was last updated 9/19/2022. If you see errors or omissions, please email: [email protected]


Summary

MEDA is an international economic development organization that creates business solutions to poverty. For nearly 70 years, MEDA has been creating business solutions to poverty that are sustainable, scalable, measurable and replicable.

MEDA began as an association of Mennonite business people who believed they were called to be faithful in generously sharing their abilities and resources. Continuing in that Christian tradition, MEDA welcomes all who share our values and want to join us in our mission.

MEDA has worked in over 70 countries and brings a unique market systems approach to project design that integrates technical assistance and access to capital. As an early leader in innovative finance, MEDA leverages public and private funding to advance social enterprises around the world that are positively impacting social, environmental and governance challenges in their communities. We work in agri-food market systems, focusing primarily on women and youth in rural communities in the Global South. Our success is measured by income, improved processes, increased knowledge, and the creation of decent work.


Contact information

Mailing address:
Mennonite Economic Development Associates
595 Parkside Drive, Suite 2
Waterloo, ON N2L 0C7

Website: meda.org

Phone: 1-800-665-7026

Email: [email protected]


Organization details

EIN: 237398678

CEO/President: Dr. Dorothy Nyambi

Chairman: Jenny Shantz

Board size: 18

Founder: group of generous Mennonites

Ruling year: 1981

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We believe that all people deserve the opportunity to earn a livelihood and that unleashing entrepreneurship is a powerful way to alleviate poverty.

Vision: That all people may unleash their God-given potential to earn a livelihood, provide for families and enrich communities.


Mission statement

Mission: MEDA creates business solutions to poverty.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating874 of 1021101 of 128
Fund acquisition rating946 of 1024112 of 128
Resource allocation rating277 of 102428 of 128
Asset utilization rating996 of 1021127 of 128

Financial ratios

Funding ratiosSector median20212020201920182016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
4%13%12%7%11%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%10%10%6%8%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%82%86%95%72%70%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%11%9%8%9%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%18%14%5%28%30%
 
Operating ratiosSector median20212020201920182016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%91%92%91%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%92%108%85%88%97%
Program output ratio Program output ratio =
Program services /
Total revenue
76%81%98%79%80%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%8%-8%15%12%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%7%-7%19%13%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%0%0%0%0%0%
 
Investing ratiosSector median20212020201920182016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.110.270.330.360.310.31
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.275.203.154.784.319.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.631.401.041.711.332.97
 
Liquidity ratiosSector median20212020201920182016
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.021.492.051.601.661.12
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.670.490.620.600.89
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.792.825.922.643.590.44
 
Solvency ratiosSector median20212020201920182016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%63%65%66%69%73%
Debt ratio Debt ratio =
Debt /
Total assets
0%50%50%53%55%64%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%138%105%95%101%86%

Financials

Balance sheet
 
Assets20212020201920182016
Cash$5,168,576$9,363,595$6,500,601$6,452,171$877,600
Receivables, inventories, prepaids$696,168$317,877$521,127$430,104$428,564
Short-term investments$0$0$0$0$1,322,448
Other current assets$0$0$0$0$0
Total current assets$5,864,744$9,681,472$7,021,728$6,882,275$2,628,612
Long-term investments$22,450,736$18,654,128$20,062,434$17,539,100$18,861,704
Fixed assets$733,136$77,184$1,715$5,562$15,860
Other long-term assets$1,448,627$2,096,799$6,467,606$5,262,604$3,611,616
Total long-term assets$24,632,499$20,828,111$26,531,755$22,807,266$22,489,180
Total assets$30,497,243$30,509,583$33,553,483$29,689,541$25,117,792
 
Liabilities20212020201920182016
Payables and accrued expenses$549,930$224,394$464,853$427,798$310,884
Other current liabilities$3,383,482$4,505,715$3,920,318$3,709,042$2,028,698
Total current liabilities$3,933,412$4,730,109$4,385,171$4,136,840$2,339,582
Debt$15,242,878$15,196,470$17,813,030$16,299,706$16,041,164
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$15,242,878$15,196,470$17,813,030$16,299,706$16,041,164
Total liabilities$19,176,290$19,926,579$22,198,201$20,436,546$18,380,746
 
Net assets20212020201920182016
Without donor restrictions$11,320,953$10,583,004$11,355,282$9,252,995$6,737,046
With donor restrictions$0$0$0$0$0
Net assets$11,320,953$10,583,004$11,355,282$9,252,995$6,737,046
 
Revenues and expenses
 
Revenue20212020201920182016
Total contributions$7,317,578$7,967,659$13,385,620$7,519,096$5,631,944
Program service revenue$1,638,631$977,838$582,394$2,892,242$1,804,028
Membership dues$0$0$0$0$0
Investment income$568$1,874$4,155$1,004$165
Other revenue$10,907$313,967$110,717$0$645,614
Total other revenue$1,650,106$1,293,679$697,266$2,893,246$2,449,807
Total revenue$8,967,684$9,261,338$14,082,886$10,412,342$8,081,751
 
Expenses20212020201920182016
Program services$7,293,660$9,087,415$11,074,821$8,325,198$6,697,135
Management and general$0$0$0$0$0
Fundraising$936,075$946,201$905,778$857,250$1,111,859
Total expenses$8,229,735$10,033,616$11,980,599$9,182,448$7,808,994
 
Change in net assets20212020201920182016
Surplus (deficit)$737,949($772,278)$2,102,287$1,229,894$272,757
Other changes in net assets$0$0$0$0$0
Total change in net assets$737,949($772,278)$2,102,287$1,229,894$272,757

Compensation

NameTitleCompensation
Dorothy NyambiPresident/CEO, MEDA$156,531
Michael WhiteChief Marketing & Development Officer, MEDA$118,654
Michael MillerSr. Director, Resource Development, MEDA$116,778
Thomas McCormackCountry Director, Ethiopia, MEDA$116,062
Rachel HessSr. Regional Director, ESCA, MEDA$115,904
Jessica VillanuevaTechnical Director, Impact Investment, MEDA$110,422

Compensation data as of: 6/30/2021


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/19/2022. To update the information below, please email: [email protected]


History

Investment as a Legacy since 1953
MEDA's story began in the aftermath of World War II. Over 35,000 Mennonites fled from East Germany and Russia, with about 5,000 settling in Paraguay. Initially, the recent newcomers struggled to make a living in their new South American home. Many were skilled craftspeople and farmers eager to set up their businesses but lacked the necessary financial resources.

At first, development assistance efforts in Paraguay mainly helped establish schools and hospitals. Yet, while this assistance was essential, it was only a temporary solution. The newly settled Mennonites needed capital to support business growth. Over time, Mennonite businesspeople in North America provided their fellow Mennonites with long-term financial assistance, which enabled them to build permanent settlements in Paraguay.

On December 10th, 1953, a group of generous Mennonites met at the old Atlantic Hotel in Chicago, Illinois, U.S.A. They decided to form an impact investment group and pooled their resources to send financial support to Paraguay. From this historic meeting, MEDA was formed.

Creating Business Solutions to Poverty
With the assistance of MEDA and their brothers and sisters in North America, the Paraguayans established businesses. They formed communities rooted in the ideals of peace, justice, and entrepreneurship.

Eventually, MEDA realized it could support people to lift themselves out of poverty by assisting small businesses worldwide. This new awareness inspired a new mission and vision - to create business solutions to poverty. Over time, the organization expanded its services and expertise to Asia, Africa, Europe, and Latin America.

Today, we continue our founders' work. MEDA views investment as a seed that can bloom into something greater. The seeds of prosperity that our founders planted decades earlier have continued to grow through the MEDA Risk Capital Fund and through the support that we've received from our generous private and institutional donors. These seeds have blossomed into millions of people in the Global South and beyond building successful enterprises, learning new skills, and growing higher quality and environmentally sustainable crops.


Program accomplishments

Our Global Impact FY2021:
200,854 individuals
7,765 businesses
52% women
106,088 decent work


Needs