2023-11-15T15:49:45-07:00 2023-06-30 990 2022-07-01 237398678 MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES MENN 8006657026 33 N Market Street Suite 400 Lancaster PA 176033805 Wendy Clayson CFIO 8006657026 2023-11-15 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z MEDA MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES 33 N Market St Ste 400 Lancaster PA 176033805 11559834 0 X www.meda.org X 1973 PA MEDA creates business solutions to poverty. 6 6 14 0 0 0 13104520 11296249 1442095 212126 796 0 255406 51459 14802817 11559834 83052 824424 0 0 1066538 1061144 0 0 1786784 9505855 8924183 10655445 10809751 4147372 750083 26265593 19730904 10797268 5580491 15468325 14150413 MEDA creates business solutions to poverty. 0 0 6688264 0 6568048 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. 547919 0 474944 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. 1786784 0 223484 MEDA programs facilitates the connection of faith and work through discussions, publications and conventions for participants. 0 0 0 9022967 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 14 1 0 1 CA 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 PA X Wendy Clayson 8006657026 595 Parkside Drive Suite 2 Waterloo Ontario CA N2L 0C7 Claude Clodomir Chief of Party, Haiti, MEDA 37.5 0 X 277656 0 0 Dorothy Nyambi President/CEO, MEDA 37.5 0 X 0 166569 0 Millie Gadbois Country Director, Senegal, MEDA 37.5 0 X 162756 0 0 Derek Cameron Sr. Vice President, Global Programs, MEDA 37.5 0 X 0 137725 0 Lindsay Wallace Sr. Vice President, Strategy & Impact 37.5 0 X 0 134566 0 Wendy Clayson Chief Financial & Investment Officer 37.5 0 X 0 133177 0 Thomas McCormack Country Director, Ethiopia, MEDA 37.5 0 X 132266 0 0 Michael White Chief Marketing & Development Officer, MEDA 37.5 0 X 0 122629 0 Verda Beachey Board Director 0 0 X 0 0 0 James Miller Board Director , Chair 0 0 X X 0 0 0 Myrl Nofziger Board Director 0 0 X 0 0 0 Crystal Weaver Board Director 0 0 X 0 0 0 Andreas Quiring Board Director 0 0 X 0 0 0 Bethany Fosdyck Board Director , Treasury and Secretary 0 0 X X 0 0 0 572678 694666 0 6 1 1 0 Sarona Asset Management Inc The Catalyst Commons 210-137 Glasgow Street Kitchener Ontario CA N2G 4XB investment management 479141 Criterion Institute 81 Church Hill Road Haddam Haddam CT 06438 Consultancy on donor project 110000 2 0 0 0 0 4469832 6826417 188340 11296249 Publications, sponsorships, int'l tour fees 511190 67830 67830 0 0 Consulting Fees 541900 13775 13775 0 0 Convention and tour fees 900099 130521 130521 0 0 0 0 0 0 212126 51459 0 0 0 51459 0 51459 51459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11559834 263585 0 0 0 0 824424 824424 825085 144855 225987 454243 39996 5489 10806 23701 132972 17530 32773 82669 63091 8695 16736 37660 1960003 516321 678934 764748 123539 3648 112618 7273 48778 48778 546998 546998 70088 70088 47860 292 16743 30825 4604 4009 595 48186 47786 400 154185 359 48071 105755 179084 32330 146754 0 4769 4769 46054 46054 Management Cost Allocations -122856 1292102 -1339907 -75051 Direct Program Expenditures 5765072 5661017 0 104055 Unrealized & Realized Loss on Invest & FX 20666 1237 12923 6506 Training, resources, publications, mailings 27153 0 590 26563 10809751 9022967 0 1786784 5089429 2164794 0 0 0 0 1976002 1023975 0 0 0 0 653684 802546 0 0 74434 12722 108965 58105 714866 50860 0 0 0 0 17757178 15676007 0 0 0 0 26265593 19730904 243005 361313 0 1305915 788383 0 0 0 0 0 0 0 0 9248348 4430795 10797268 5580491 X 15468325 14150413 0 0 15468325 14150413 26265593 19730904 X 750083 0 0 0 -2067995 0 X 0 1 X 1 1 1 X 13385620 7967659 7317578 13104520 11296249 53071626 582394 977838 1638631 1442095 212126 4853084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13968014 8945497 8956209 14546615 11508375 57924710 318987 42802 39871 45330 71953 518943 428151 496182 1498484 1321241 1340000 5084058 747138 538984 1538355 1366571 1411953 5603001 52321709 4155 1874 11475 32698 51459 101661 0 0 0 0 0 0 4155 1874 11475 32698 51459 101661 0 0 0 0 0 0 110717 313967 0 223504 0 648188 14082886 9261338 8967684 14802817 11559834 58674559 0.89173 0.90131 0.00173 0.00089 X Schedule A, Part III, Line 12 Foreign exchange gains RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 70679 0 27075 43604 38286 0 31030 7256 0 0 0 0 50860 CODIP S.A. 1232042 C MiCredito 2522041 F SEAF Single Vintage Flex Fund 125001 C IMON 1449921 C Access Africa Fund 25163 C MicroVest Plus L.P. 87268 C Sarona Frontier Markets Fund 1, L.P. 2073344 C Sarona Global Growth Markets Fund 1, L.P. 2823402 C Sarona Global Growth Markets Fund 2, L.P. 1548940 C WWB Capital Partners Fund L.P. 672678 C Sevis Finansye Fonkoze S.A 125910 C Fonkoze, S.A. 1 C Mountain Lion Agriculture 534930 C WWB Capital Partners Fund II L.P. 995919 C Microvest Enhanced Debt Fund 1000000 C Advances to partner agencies and field programs 459447 C 15676007 11559834 0 0 0 0 0 11559834 0 0 0 11559834 10809751 0 0 0 0 0 10809751 0 0 0 10809751 1 Sub-Saharan Africa 7 37 Program Services Microenterprise 2698312 Central America and the Caribbean 1 13 Program Services Microenterprise 2962705 Central America and the Caribbean 0 0 Investments 7020294 North America (including Canada and Mexico, but not the United States) 0 0 Investments 2073344 Russia and the newly independent States 0 0 Investments 1449921 South America 0 0 Investments 1232042 Sub-Saharan Africa 0 0 Investments 991551 8 50 18428169 North America (including Canada and Mexico, but not the United States) Program Activities 824424 Wire Transfer 0 Book 1 0 0 0 1 0 0 0 Schedule F, Part I, Line 2 Recipients of awards are screened through a due diligence process. Agreements are required to stipulate the type of activities undertaken and how funds will be spent. Regular programmatic and financial reports are required and variances are followed up on. X 1 1 0 0 0 0 0 0 0 0 0 Dorothy Nyambi President/CEO, MEDA 158204 0 0 0 8365 0 0 0 4241 0 170810 0 Claude Clodomir Chief of Party, Haiti, MEDA 146013 0 0 0 131643 0 0 0 20219 0 297875 0 Schedule J, Part I, Line 1a Thomas McCormack, Millie Gadbois, and Claude Clodomir, as part of their roles as Country Directors in Ethiopia and Senegal and Chief of Party in Haiti, are eligible for a housing allowance. Schedule J, Part I, Line 3 Related organization establishes compensation for CEO/President using the following methods - written employment contract and approval by the board. X 7 175594 AVG of High/low (selling price) X 1 12747 fair market value 0 0 0 0 Form 990, Part VI, Section A, Line 6 Mennonite Economic Development Assouciates is a membership organization Form 990, Part VI, Section A, Line 7a The Board of Directors is elected by the membership. Certain Key actions and decision of the Board must be approved by the members Form 990, Part VI, Section A, Line 7b The approval of the Member is required for fundamental transactions of the Corporation; amendments of the by-laws or other organizational/governance documents; changes that could affect not-for-profit status; any change in mission or direction of the Corporation; expenditures in excess of a ten percent (10%) variance in the total annual budget; selection and/or removal of members of the Board of Directors of the Corporation; or to rescind any delegation of power by the Member to the Board of Directors, and to reserve such additional powers as the Member shall from time to time determine. Form 990, Part VI, Section B, Line 11b The form 990 is available to public upon request. Form 990 is prepared by the Manager, Corporate and Investment Finance, reviewed by the Senior Director, Corporate Finance and signed off by the Chief Financial and Investment Officer Form 990, Part VI, Section B, Line 12c Directors are asked to openly declare all potential conflicts of interest prior to each Board Action Form 990, Part VI, Section B, Line 15 The compensation of the CEO is set by the Board of Directors after consultation with an external Advisor Form 990, Part VI, Section C, Line 19 All organizational policies, financial statements and governing documents are available to the public upon request Form 990, Part XI, Line 8 During the past fiscal year MEDA changed its valuation policy from valuing at fair market value to cost, and accounting using equity method for investments where MEDA ownership exceeds 20% where previously 10% was used Mennonite Economic Development Associates of Canada 595 Parkside Drive Suite 2 Waterloo Ontario CA N2L 0C7 Economic development CA MEDA International 0 MEDA Europa Heinrich Schuetz Str 12a 56566 Neuwied GM Economic development GM Mennonite Economic Associates US 1 MEDA International 595 Parkside Drive Suite 2 Waterloo Ontario CA N2L OC7 Economic Development CA N/A 0 MEDA Impact Investments 595 Parkside Drive Suite 2 Waterloo Ontario CA N2l OC7 Economic Development CA Mennonite Economic Development Associates of Canada 0 Sarona Risk Capital Fund 1 LP 33 N Market Street Suite 400 Lancaster PA 176033805 Investment PA Sarona MEDA Investments Inc Related 0 0 0.4576 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 Mennonite Economic Development Associates of Canada b 46035 General Ledger Mennonite Economic Development Associates of Canada l 155253 General Ledger Mennonite Economic Development Associates of Canada m 832136 General Ledger Mennonite Economic Development Associates of Canada p 4115821 General Ledger Mennonite Economic Development Associates of Canada q 10690970 General Ledger MEDA International b 492229 General Ledger MEDA Impact Investments b 286159 General Ledger