Mennonite Economic Development Associates (MEDA)

The information on this page was last updated 5/29/2023. 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 rating1042 of 1110136 of 146
Fund acquisition rating1041 of 1111134 of 146
Resource allocation rating617 of 111179 of 146
Asset utilization rating1089 of 1110145 of 146

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%16%9%13%12%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%15%8%10%10%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%89%82%86%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%17%12%11%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%11%18%14%5%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%83%88%89%91%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%94%72%92%108%85%
Program output ratio Program output ratio =
Program services /
Total revenue
82%78%64%81%98%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%6%28%8%-8%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%5%27%7%-7%19%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
8%0%0%0%0%0%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.330.550.410.270.330.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.246.163.685.203.154.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.023.381.491.401.041.71
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.812.784.611.492.051.60
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.360.220.670.490.62
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.622.286.302.825.922.64
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%28%41%63%65%66%
Debt ratio Debt ratio =
Debt /
Total assets
0%22%35%50%50%53%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%131%145%138%105%95%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$2,164,794$5,089,429$5,168,576$9,363,595$6,500,601
Receivables, inventories, prepaids$1,036,697$2,050,436$696,168$317,877$521,127
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,201,491$7,139,865$5,864,744$9,681,472$7,021,728
Long-term investments$15,676,007$17,757,178$22,450,736$18,654,128$20,062,434
Fixed assets$50,860$714,866$733,136$77,184$1,715
Other long-term assets$802,546$653,684$1,448,627$2,096,799$6,467,606
Total long-term assets$16,529,413$19,125,728$24,632,499$20,828,111$26,531,755
Total assets$19,730,904$26,265,593$30,497,243$30,509,583$33,553,483
 
Liabilities20232022202120202019
Payables and accrued expenses$361,313$243,005$549,930$224,394$464,853
Other current liabilities$788,383$1,305,915$3,383,482$4,505,715$3,920,318
Total current liabilities$1,149,696$1,548,920$3,933,412$4,730,109$4,385,171
Debt$4,430,795$9,248,348$15,242,878$15,196,470$17,813,030
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$4,430,795$9,248,348$15,242,878$15,196,470$17,813,030
Total liabilities$5,580,491$10,797,268$19,176,290$19,926,579$22,198,201
 
Net assets20232022202120202019
Without donor restrictions$14,150,413$15,468,325$11,320,953$10,583,004$11,355,282
With donor restrictions$0$0$0$0$0
Net assets$14,150,413$15,468,325$11,320,953$10,583,004$11,355,282
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$11,296,249$13,104,520$7,317,578$7,967,659$13,385,620
Program service revenue$212,126$1,442,095$1,638,631$977,838$582,394
Membership dues$0$0$0$0$0
Investment income$0$796$568$1,874$4,155
Other revenue$51,459$255,406$10,907$313,967$110,717
Total other revenue$263,585$1,698,297$1,650,106$1,293,679$697,266
Total revenue$11,559,834$14,802,817$8,967,684$9,261,338$14,082,886
 
Expenses20232022202120202019
Program services$9,022,967$9,416,255$7,293,660$9,087,415$11,074,821
Management and general$0$0$0$0$0
Fundraising$1,786,784$1,239,190$936,075$946,201$905,778
Total expenses$10,809,751$10,655,445$8,229,735$10,033,616$11,980,599
 
Change in net assets20232022202120202019
Surplus (deficit)$750,083$4,147,372$737,949($772,278)$2,102,287
Other changes in net assets$0$0$0$0$0
Total change in net assets$750,083$4,147,372$737,949($772,278)$2,102,287

Compensation

NameTitleCompensation
Claude ClodomirChief of Party, Haiti, MEDA$277,656
Dorothy NyambiPresident/CEO, MEDA$166,569
Millie GadboisCountry Director, Senegal, MEDA$162,756
Derek CameronSr. Vice President, Global Programs, MEDA$137,725
Lindsay WallaceSr. Vice President, Strategy & Impact$134,566
Wendy ClaysonChief Financial & Investment Officer$133,177
Thomas McCormackCountry Director, Ethiopia, MEDA$132,266
Michael WhiteChief Marketing & Development Officer, MEDA$122,629

Compensation data as of: 6/30/2023


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 5/29/2023. 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