2022-10-31T12:58:25-07:00 2022-06-30 990 2021-07-01 237398678 MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES MENN 8006657026 33 N Market Street Suite 400 Lancaster PA 176033805 Wendy Clayson CFIO 8006657026 2022-10-31 1 11 1 AAL2 2021 2022-09-23 18:48:47Z MEDA Dorothy Nyambi 595 Parkside Drive Suite 2 Waterloo Ontario CA N2L 0C7 14802817 0 X www.meda.org X 1973 PA MEDA creates business solutions to poverty. 18 18 16 54 0 0 7317578 13104520 1638631 1442095 568 796 10907 255406 8967684 14802817 642859 83052 0 0 1211818 1066538 0 0 1239190 6375058 9505855 8229735 10655445 737949 4147372 30497243 26265593 19176290 10797268 11320953 15468325 MEDA creates business solutions to poverty. 0 0 7544339 7511591 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. 1122541 1405644 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. 749375 35605 MEDA programs facilitates the connection of faith and work through discussions, publications and conventions for participants. 0 0 0 9416255 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 12 0 0 16 1 0 1 CA 0 0 0 0 0 0 X 18 18 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 261128 0 0 Dorothy Nyambi President/CEO, MEDA 0 37.50 X 0 170306 0 Michael White Chief Marketing & Development Officer, MEDA 0 37.5 X 0 132013 0 Thomas McCormack Country Director, Ethiopia, MEDA 37.5 0 X 129969 0 0 Derek Cameron Sr. Vice President, Global Programs, MEDA 0 37.5 X 0 127459 0 Millie Gadbois Country Director, Senegal, MEDA 37.5 0 X 120791 0 0 Jamie Alvarez Board Officer, Treasurer 1.00 0 X X 0 0 0 Verda Beachey Board Officer, Secretary 1.00 0 X X 0 0 0 Greg Gaeddert Board Officer, Chair 1.00 0 X X 0 0 0 Karin Krahn Board Director 1.00 0 X 0 0 0 Joyce Bontrager-Lehman Board Director 1.00 0 X 0 0 0 Gary Leis Board Director 1.00 0 X 0 0 0 James Miller Board Director 1.00 0 X 0 0 0 Myrl Nofziger Board Director 1.00 0 X 0 0 0 Jenny Shantz Board Director 1.00 0 X 0 0 0 Yvonne Sieber Board Director 1.00 0 X 0 0 0 Jeremy Showalter Board Officer, Vice Chair 1.00 0 X X 0 0 0 Marianne Unruh Board Director 1 0 X 0 0 0 Crystal Weaver Board Director 1 0 X 0 0 0 Andreas Quiring Board Director 1 0 X 0 0 0 Elke Horsch Board Director 1 0 X 0 0 0 Bethany Fosdyck Board Director 1 0 X 0 0 0 Rob Schlegel Board Director 1 0 X 0 0 0 Ferdinand Rempel Warkentin Board Director 1 0 X 0 0 0 511888 429778 0 6 0 1 0 Sarona Asset Management Inc The Catalyst Commons 210-137 Glasgow Street Kitchener Ontario CA N2G 4XB investment management 385959 1 0 0 0 0 4477391 8627129 184259 13104520 Publications, sponsorships, int'l tour fees 511190 27015 27015 0 0 Program related investment income 523000 1405645 1405645 0 0 Consulting Fees 541900 845 845 0 0 Convention and tour fees 900099 8590 8590 0 0 0 0 0 0 1442095 796 0 0 796 0 0 0 0 0 0 0 0 31902 0 0 0 31902 0 31902 0 0 31902 0 0 0 Foreign exchange gain revenue 900099 223504 223504 0 0 0 0 0 0 223504 14802817 1665599 0 32698 0 0 0 0 83052 83052 0 0 0 0 0 0 0 0 0 0 791224 381434 7881 401909 39571 19168 392 20011 168669 80301 2551 85817 67074 34916 660 31498 1446766 857878 58930 529958 39311 2098 34132 3081 56034 0 56034 0 0 0 0 0 0 0 420970 420970 0 0 0 0 0 0 54361 3287 7731 43343 35412 6665 14542 14205 2154 734 455 965 0 0 0 0 68154 0 68154 0 50635 13597 2661 34377 0 0 0 0 17717 5513 5635 6569 235856 235856 0 0 0 0 0 0 18270 0 18270 0 35666 11189 24477 0 Training, resources, publications, mailings 71640 67430 433 3777 Miscellaneous 17850 98 17005 747 Direct program expenditures 6504892 6504892 0 0 Mgmt. cost allocations 430167 687177 -319943 62933 10655445 9416255 0 1239190 5168576 5089429 0 0 0 0 631512 1976002 0 0 0 0 1448627 653684 0 0 64656 74434 769818 54952 733136 714866 0 0 0 0 22450736 17757178 0 0 0 0 30497243 26265593 549930 243005 0 0 3383482 1305915 0 0 0 0 0 0 0 0 15242878 9248348 19176290 10797268 X 11320953 15468325 0 0 11320953 15468325 30497243 26265593 4147372 0 0 0 0 0 X 0 1 X 1 1 1 X 7519096 13385620 7967659 7317578 13104520 49294473 2892242 582394 977838 1638631 1442095 7533200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10411338 13968014 8945497 8956209 14546615 56827673 400504 318987 42802 39871 45330 847494 386482 428151 496182 1498484 1321241 4130540 786986 747138 538984 1538355 1366571 4978034 51849639 1004 4155 1874 11475 32698 51206 0 0 0 0 0 0 1004 4155 1874 11475 32698 51206 0 0 0 0 0 0 0 110717 313967 0 223504 648188 10412342 14082886 9261338 8967684 14802817 57527067 0.90131 0.88515 0.00089 0.00036 X Schedule A, Part III, Line 12 Foreign exchange gains RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 630872 0 630872 0 0 0 0 70679 0 20007 50672 68267 0 34945 33322 0 0 0 0 714866 Sarona MEDA Investments Inc. 100 C CODIP S.A. 1234654 F MiCredito 2522041 F SEAF Single Vintage Flex Fund 124456 C IMON 1492535 C Access Africa Fund 25163 F Sarona Risk Capital Fund 1, L.P. 151344 F MicroVest Plus L.P. 85033 C Sarona Frontier Markets Fund 1, L.P. 2173031 F Sarona Global Growth Markets Fund 1, L.P. 4555921 F Sarona Global Growth Markets Fund 2, L.P. 2141490 F WWB Capital Partners Fund L.P. 527343 C MicroVest Short Term Duration Fund A 6637 C Sevis Finansye Fonkoze S.A. 125910 C Fonkoze S.A. 1 C Mountain Lion Agriculture 534930 F WWB Capital Partners Fund II L.P. 457266 C MicroVest Enhanced Debt Fund 958558 C Advances to partner agencies and field programs 640765 C 17757178 14802817 0 0 0 0 0 14802817 0 0 0 14802817 10655445 0 0 0 0 0 10655445 0 0 0 10655445 1 Sub-Saharan Africa 3 20 Program Services Microenterprise 3197657 Central America and the Caribbean 1 14 Program Services Microenterprise 3251760 North America (including Canada and Mexico, but not the United States) 0 0 Investments 2173031 Central America and the Caribbean 0 0 Investments 9345363 Russia and the newly independent States 0 0 Investments 1492535 South America 0 0 Investments 1234654 Sub-Saharan Africa 0 0 Investments 1034454 4 34 21729454 North America (including Canada and Mexico, but not the United States) Program activities 83052 Intercompany loan 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 0 161807 0 0 0 8499 0 0 0 4183 0 174489 0 0 Claude Clodomir Chief of Party, Haiti, MEDA 138353 0 0 0 122775 0 0 0 20219 0 281347 0 0 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 50371 avg of high/low (selling price) X 2 133888 fair market value 2 0 0 0 Form 990, Part VI, Section A, Line 6 Mennonite Economic Development Associates 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 B, Line 11b The Form 990 is available to the 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. Sarona Global Investment Fund Inc 33 N Market Street Suite 400 Lancaster PA 176033805 Raise capital for development PA 501(c)3 7 N/A 0 Mennonite Economic Development Associates of Canada 595 Parkside Drive Suite 2 Waterloo Ontario CA N2L 0C7 Economic development CA N/A 0 MEDA Europa Heinrich Schuetz Str 12a 56566 Neuwied GM Economic development GM N/A 0 Sarona Risk Capital Fund 1 LP 33 N Market Street Suite 400 Lancaster PA 176033805 Investment PA Sarona MEDA Investments Inc Related -2483 151344 0 0 0.4576 Sarona MEDA Investments Inc 33 N Market Street Suite 400 Lancaster PA 176033805 Investment management PA Mennonite Economic Development Associates C 0 0 1 0 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 83052 General ledger Mennonite Economic Development Associates of Canada e 8826016 General ledger Mennonite Economic Development Associates of Canada l 101680 General ledger Mennonite Economic Development Associates of Canada m 1245783 General ledger Mennonite Economic Development Associates of Canada p 1723979 General ledger Mennonite Economic Development Associates of Canada q 1094953 General ledger