METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION (EIN 41-0977257)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-07-06
IRS object ID
202131879349300623
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-07-06T10:37:57-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450250958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eide Bailly LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 Nicollet Mall Ste 1300AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554027033ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410977257EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Metropolitan Economic DevelopmentBusinessNameLine1Txt
Business Name Line2AssociationBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMETRBusinessNameControlTxt
Phone6123326332PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11256 Penn Avenue North No 4800AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55411ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAlfredo V MartelPersonNm
Person TitleCEOPersonTitleTxt
Phone6123326332PhoneNum
Signature2021-06-30SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAlfredoPersonFirstNm
Person LastMartelPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDeb Nelson CPAPreparerPersonNm
PTINP01264758PTIN
Phone6122536500PhoneNum
Preparation2021-06-30PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAlfredo V MartelPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11256 Penn Avenue North No 4800AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55411ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,685,776GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.meda.netWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionHelping minority entrepreneurs succeed.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee33TotalEmployeeCnt
Total Volunteers194TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,501,703PYContributionsGrantsAmt
CY Contributions Grants$5,600,139CYContributionsGrantsAmt
PY Program Service Revenue$1,422,146PYProgramServiceRevenueAmt
CY Program Service Revenue$1,643,075CYProgramServiceRevenueAmt
PY Investment Income$673PYInvestmentIncomeAmt
CY Investment Income$276,286CYInvestmentIncomeAmt
PY Other Revenue-$68,219PYOtherRevenueAmt
CY Other Revenue$69,715CYOtherRevenueAmt
PY Total Revenue$5,856,303PYTotalRevenueAmt
CY Total Revenue$7,589,215CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,419,926PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,116,681CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$713,543CYTotalFundraisingExpenseAmt
PY Other Expenses$3,279,157PYOtherExpensesAmt
CY Other Expenses$2,918,241CYOtherExpensesAmt
PY Total Expenses$6,699,083PYTotalExpensesAmt
CY Total Expenses$6,034,922CYTotalExpensesAmt
PY Revenues Less Expenses-$842,780PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,554,293CYRevenuesLessExpensesAmt
Total Assets BOY$26,982,294TotalAssetsBOYAmt
Total Assets EOY$39,495,187TotalAssetsEOYAmt
Total Liabilities BOY$19,350,501TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,309,101TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,631,793NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,186,086NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHelping minority entrepreneurs succeed.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,616,636ExpenseAmt
Revenue$1,652,071RevenueAmt
DescIn response to the COVID-19 pandemic and civil unrest, Meda provided 9,000+ hours of technical assistance to over 500 BIPOC-owned businesses as they respond and recover from the pandemic and retool for the future.Meda made loans totaling $12.1 million to 165 businesses in 2020.This work led to the retention or creation of 1,564 jobs in BIPOC-owned businesses.Meda also assisted over 350 BIPOC-owned businesses apply for emergency lending programs including SBA Economic Injury Disaster Loans, PPP and DEED Emergency Loan Funds. Meda helped clients secure over $40 million in emergency funding.Meda was also the lead operator in disbursing DEED Emergency Loan Funds financing 89 businesses with a total of $2.7 million in financing.Meda is also a lead operator in the DEED Small Business Relief Grant Program and Hennepin County Small Business Grant. Meda has helped distribute $11 million in grants to over 1,100 small businesses.Desc
Total Program Service Expenses$4,616,636TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document26IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee33EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Daniel HolmquistBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6122596572PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11256 Penn Ave N Ste 4800AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55411ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Alfredo V Martel
President & CEO40.00Yes (X)Yes (X)$259,296$0$18,325
Daniel Holmquist
Vice President - Finance40.00Yes (X)$154,843$0$36,485
Patrick Pariseau - Vice
President - Lending & Consulting40.00$142,652$0$20,236Yes (X)
Uri Camarena-Micahel
Director of Business Consulting40.00$107,463$0$36,781Yes (X)
Andrew J O'Leary
Chief Development Officer40.00$121,160$0$22,695Yes (X)
Susan Gall
Chief of Operations40.00$104,563$0$16,940Yes (X)
Barbara Butts Williams
Chair of the Board4.00Yes (X)Yes (X)$0$0$0
Joel Lebewitz
Vice Chair4.00Yes (X)Yes (X)$0$0$0
Matthew Lyons
Vice Chair4.00Yes (X)Yes (X)$0$0$0
Camille Helou
Vice Chair4.00Yes (X)Yes (X)$0$0$0
Hoyt Hsaio
Vice Chair/Tresurer4.00Yes (X)Yes (X)$0$0$0
Maria Reitan
Vice Chair4.00Yes (X)Yes (X)$0$0$0
Craig Veurink
Vice Chair4.00Yes (X)Yes (X)$0$0$0
Gene Sieve
Vice Chair (Jan-May)4.00Yes (X)Yes (X)$0$0$0
Nanc Brooks
Vice Chair (Jan-May)4.00Yes (X)Yes (X)$0$0$0
John Stout
Secretary4.00Yes (X)Yes (X)$0$0$0
Al Mendoza
Director4.00Yes (X)$0$0$0
Amelia Hardy
Director (Dec)4.00Yes (X)$0$0$0
Andrea Novak
Director4.00Yes (X)$0$0$0
Binh Tran
Director4.00Yes (X)$0$0$0
Brad Pomerleau
Director4.00Yes (X)$0$0$0
Darren Moquist
Director4.00Yes (X)$0$0$0
David Rudolph
Director4.00Yes (X)$0$0$0
Gloria Contreras Edin
Director (Jun-Dec)4.00Yes (X)$0$0$0
Gloria Freeman
Director4.00Yes (X)$0$0$0
James Garness
Director (Mar-Dec)4.00Yes (X)$0$0$0
Jashan Eison
Director4.00Yes (X)$0$0$0
Jeffrey Payne
Director4.00Yes (X)$0$0$0
John JT Taylor
Director (Mar-Dec)4.00Yes (X)$0$0$0
Kevin Besikof
Director4.00Yes (X)$0$0$0
Laura Helmueller
Director4.00Yes (X)$0$0$0
Martha Currea
Director4.00Yes (X)$0$0$0
Megan Selby
Director4.00Yes (X)$0$0$0
Mimi Bekele
Director4.00Yes (X)$0$0$0
Rich Tofte
Director4.00Yes (X)$0$0$0
Sara Idle
Director4.00Yes (X)$0$0$0
Shawn Quant
Director (Jan-May)4.00Yes (X)$0$0$0
Steven Singer
Director4.00Yes (X)$0$0$0
Vicki Stute
Director4.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$889,977TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$151,462TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Fredrikson & Byron PABusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 South 6th St 4000AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
ServicesGovernment Regulations and Legal ServiceServicesDesc
Compensation$108,455CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Fundraising$226,350FundraisingAmt
Government Grants$1,811,505GovernmentGrantsAmt
All Other Contributions$3,562,284AllOtherContributionsAmt
Total Contributions$5,600,139TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Interest From PRI900099$861,677$861,677
Client Service Revenue611430$756,398$756,398
$1MM Challenge900099$25,000$25,000
FieldValueIRS element (for citing)
Total Program Service Revenue$1,643,075TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$399TotalRevenueColumnAmt
Exclusion$399ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$55,884RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$55,884RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$55,884TotalRevenueColumnAmt
Exclusion$55,884ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$363,038OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$87,151OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$275,887OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$275,887TotalRevenueColumnAmt
Exclusion$275,887ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$14,245FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$226,350ContriRptFundraisingEventAmt
Fundraising Direct Expenses$9,410FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,835TotalRevenueColumnAmt
Exclusion$4,835ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$8,996TotalRevenueColumnAmt
Related Or Exempt Func Income$8,996RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,996OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,589,215TotalRevenueColumnAmt
Related Or Exempt Func Income$1,652,071RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$337,005ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$469,341TotalAmt
Program Services$168,583ProgramServicesAmt
Management And General$203,522ManagementAndGeneralAmt
Fundraising$97,236FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,014,201TotalAmt
Program Services$1,585,006ProgramServicesAmt
Management And General$187,563ManagementAndGeneralAmt
Fundraising$241,632FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$69,327TotalAmt
Program Services$48,674ProgramServicesAmt
Management And General$11,013ManagementAndGeneralAmt
Fundraising$9,640FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$383,183TotalAmt
Program Services$268,629ProgramServicesAmt
Management And General$67,254ManagementAndGeneralAmt
Fundraising$47,300FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$180,629TotalAmt
Program Services$122,635ProgramServicesAmt
Management And General$37,290ManagementAndGeneralAmt
Fundraising$20,704FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$14,658TotalAmt
Program Services$3,277ProgramServicesAmt
Management And General$11,381ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,280TotalAmt
Management And General$38,280ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,245,017TotalAmt
Program Services$1,006,793ProgramServicesAmt
Management And General$42,687ManagementAndGeneralAmt
Fundraising$195,537FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,689TotalAmt
Program Services$17,283ProgramServicesAmt
Management And General$5,454ManagementAndGeneralAmt
Fundraising$12,952FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$93,105TotalAmt
Program Services$33,196ProgramServicesAmt
Management And General$1,992ManagementAndGeneralAmt
Fundraising$57,917FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$165,736TotalAmt
Program Services$114,358ProgramServicesAmt
Management And General$38,119ManagementAndGeneralAmt
Fundraising$13,259FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,473TotalAmt
Program Services$9,983ProgramServicesAmt
Management And General$619ManagementAndGeneralAmt
Fundraising$1,871FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,491TotalAmt
Program Services$1,240ProgramServicesAmt
Management And General$911ManagementAndGeneralAmt
Fundraising$340FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$287,181TotalAmt
Program Services$283,952ProgramServicesAmt
Management And General$3,229ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$118,079TotalAmt
Program Services$81,475ProgramServicesAmt
Management And General$27,158ManagementAndGeneralAmt
Fundraising$9,446FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$49,795TotalAmt
Program Services$34,358ProgramServicesAmt
Management And General$11,453ManagementAndGeneralAmt
Fundraising$3,984FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Bad Debt/Loan Loss Rese$822,230$822,230
Bank Fees$17,455$8,029$9,426
Memberships$9,007$7,319$1,688
Educational Workshops$6,935$6,935

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$110TotalAmt
Management And General$73ManagementAndGeneralAmt
Fundraising$37FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,034,922TotalAmt
Program Services$4,616,636ProgramServicesAmt
Management And General$704,743ManagementAndGeneralAmt
Fundraising$713,543FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,271,315BOYAmt
EOY$14,955,159EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,649,424BOYAmt
EOY$1,422,596EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$88,736BOYAmt
EOY$123,986EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$141,208BOYAmt
EOY$194,038EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$763,681LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$273,344LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$682,101BOYAmt
EOY$490,337EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$115,865BOYAmt
EOY$116,326EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$400,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$17,370,720BOYAmt
EOY$21,413,917EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$462,925BOYAmt
EOY$378,828EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$26,982,294BOYAmt
EOY$39,495,187EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$446,931BOYAmt
EOY$1,466,647EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$397,357BOYAmt
EOY$249,674EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$17,447,539BOYAmt
EOY$24,284,017EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$609,700EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,058,674BOYAmt
EOY$3,699,063EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19,350,501BOYAmt
EOY$30,309,101EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,777,064BOYAmt
EOY$5,302,400EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,854,729BOYAmt
EOY$3,883,686EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,631,793BOYAmt
EOY$9,186,086EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,982,294BOYAmt
EOY$39,495,187EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,554,293ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,633,912CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,284,138CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,172,476CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,501,703CurrentTaxYearMinus1YearAmt
Current Tax Year$5,600,139CurrentTaxYearAmt
Total$28,192,368TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,633,912CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,284,138CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,172,476CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,501,703CurrentTaxYearMinus1YearAmt
Current Tax Year$5,600,139CurrentTaxYearAmt
Total$28,192,368TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,030,458SubstantialContributorsTotAmt
Public Support Total170$24,161,910PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,884CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,171CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$640CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$673CurrentTaxYearMinus1YearAmt
Current Tax Year$56,283CurrentTaxYearAmt
Total$61,651TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,811CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,104CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,393CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$571CurrentTaxYearMinus1YearAmt
Current Tax Year$8,996CurrentTaxYearAmt
Total$30,875TotalAmt
FieldValueIRS element (for citing)
Total Support$28,284,894TotalSupportAmt
Gross Receipts Rltd Activities$6,206,613GrossReceiptsRltdActivitiesAmt
Public Support CY1700.85420PublicSupportCY170Pct
Public Support PY1700.84040PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10, Explanation of Other Income:FormAndLineReferenceDesc
ExplanationMiscellaneous - 2016 Amount: $ 5,811. 2017 Amount: $ 6,104. 2018 Amount: $ 9,393. 2019 Amount: $ 571. 2020 Amount: $ 8,996.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$19,750DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$19,750TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II-B, Line 1:FormAndLineReferenceDesc
ExplanationProvided activity and economic impact information to State legislators in support of State appropriated funds to support services and programs.ExplanationTxt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$174,050OtherCostOrOtherBasisAmt
Depreciation$62,138DepreciationAmt
Book Value$111,912BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$589,631OtherCostOrOtherBasisAmt
Depreciation$211,206DepreciationAmt
Book Value$378,425BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$490,337TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescProgram-Related LoansDesc
Book Value$21,413,917BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$21,413,917TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Due to Third Party Loan Participants$3,177,813
Lease Liabilities$521,250
FieldValueIRS element (for citing)
Total Liability$3,699,063TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,589,215TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$7,589,215RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,589,215TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,034,922TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$6,034,922ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,034,922TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationMeda undergoes an annual analysis of its various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. As of December 31, 2020 and 2019, no amounts were recorded as a result of this analysis. If Meda is subject to interest or penalties on underpaid income taxes, they will be recorded as income tax expense in the period in which they are incurred.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$240,595GrossReceiptsEvent1Amt
Charitable Contri Event1$226,350CharitableContriEvent1Amt
Gross Revenue Event1$14,245GrossRevenueEvent1Amt
Non Cash Prizes Event1$3,780NonCashPrizesEvent1Amt
Other Direct Expenses Event1$5,630OtherDirectExpensesEvent1Amt
Gross Receipts Total$240,595GrossReceiptsTotalAmt
Charitable Contributions Tot$226,350CharitableContributionsTotAmt
Gross Revenue Total Events$14,245GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$3,780NonCashPrizesTotalEventsAmt
Oth Direct Expnss Total Events$5,630OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$9,410DirectExpenseSummaryEventsAmt
Net Income Summary$4,835NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Alfredo V Martel
President & CEO$259,296$0$0$0$0$0$0$0$18,519$0$277,815$0$0$0
Daniel Holmquist
Vice President - Finance$144,843$0$10,000$0$0$0$7,842$0$28,841$0$191,526$0$0$0
Patrick Pariseau - Vice
President - Lending & Consulting$133,652$0$9,000$0$0$0$6,733$0$13,701$0$163,086$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 7FormAndLineReferenceDesc
ExplanationOfficers are eligible for bonuses based on annual performance reviews. The bonuses are determined by the President and Board of Directors. Please see Schedule J, Part II, column (B)(ii) for the bonus amounts awarded to officers during 2020.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 1The Executive Committee is composed of three or more designated board members. Unless specified by action of the board, the Executive Committee shall have and exercise the authority of the board with respect to the business of the corporation in the intervals between meetings of the board. The Executive Committee shall at all times be subject to the control and direction of the board.
Form 990, Part VI, Section B, line 11bA draft copy of the Form 990 is provided to the Finance Audit Committee. The Finance Audit Committee reviews the draft Form 990, addressing any comments or concerns, and then makes a recommendation to the Board of Directors for approval. A copy is provided to the board and upon review and approval of the draft Form 990 by the Board of Directors the form is filed.
Form 990, Part VI, Section B, line 12cConflict of interest statements are issued every year to all directors and employees. These individuals disclose applicable conflicts and sign as to compliance with the policy. The Meda Governance Committee reviews all statements to review any disclosed potential conflicts of interest. The Governance Committee documents any actions undertaken. The person with the conflict of interest is excluded from the discussion and approval of the activity.
Form 990, Part VI, Section B, line 15Meda's Personnel Committee performs an annual review on the CEO. This review involves collecting feedback from the management team and the Board of Directors. The Director of Finance and Administration provides the Personnel Committee with a salary range comprised from comparatives of similar nonprofits. The Personnel Committee recommends a compensation adjustment for approval by the board. Meda uses a similar process for other officers and all employees. Each individual undergoes an annual performance review with their supervisor. Supervisors award merit adjustments from a merit pool identified in the approved operational budget.
Form 990, Part VI, Section C, line 19These documents are made available upon request.
Form 990, Part IX, line 11gProfessional Services: Program service expenses 828,472. Management and general expenses 33,317. Fundraising expenses 183,012. Total expenses 1,044,801. Equipment Lease & Service Contracts: Program service expenses 178,321. Management and general expenses 9,370. Fundraising expenses 12,525. Total expenses 200,216.

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