Overview
What is Mennonite Economic Development Associates?
Mennonite Economic Development Associates (MEDA) is a dedicated nonprofit organization that aims to combat poverty globally. They achieve this by designing business solutions, collaborating with partners and clients, and offering assistance to alleviate poverty. MEDA supports sustainable business growth and livelihoods, empowers women in their economies, and facilitates access to credit and equity financing for businesses and small entrepreneurs in developing countries. Their mission is multifaceted, encompassing poverty alleviation, fostering business growth, and promoting gender equality in economic development.
Official website here: www.meda.org
What are the reviews and ratings of this charity?
Mennonite Economic Development Associates (MEDA) has achieved an impressive score of 96% on Charity Navigator, which has earned the organization a Four-Star out of Four Star rating. This high score indicates MEDA's commitment to transparency, financial health, and operational efficiency, as reflected in their strong Accountability & Finance score of 97. The robust governance structure, including an independent board and comprehensive financial policies, supports MEDA's mission and enhances donor trust.
The organization scores exceptionally well in several key financial metrics, such as program expense ratio and fundraising efficiency, signaling that most of their funds are directed towards their mission. MEDA's healthy financial standing is further emphasized by a low liabilities to assets ratio and ample working capital, suggesting a sound fiscal management approach. Their efforts in culture and community, though slightly less perfect, still reflect strong operational practices.
There are no user reviews available on GreatNonprofits. However, based on Charity Navigator's insights, MEDA demonstrates commendable dedication to its cause, with significant attention to financial stewardship and accountability. This positions MEDA as a reliable and trustworthy choice for donors interested in supporting economic development through faith-based initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mennonite Economic Development Associates?
92% of 23 reviewers on Facebook recommend Mennonite Economic Development Associates. Here’s a brief overview of what people are saying:
Many users appreciate the organization’s commitment to addressing poverty through effective business solutions. Reviewers highlight the impactful mission, expressing confidence in MEDA’s ability to create sustainable changes in communities around the world.
Overall, sentiments are overwhelmingly positive, with individuals recognizing the organization’s dedication and the tangible benefits their programs offer to those in need.
This AI summary has been generated from reviews found on Facebook.
Is Mennonite Economic Development Associates legitimate?
Mennonite Economic Development Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mennonite Economic Development Associates submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $825,085
For more financial information, click here
Official website here: www.meda.org
What is the mission statement of Mennonite Economic Development Associates?
Mennonite Economic Development Associates, in its mission, aims to combat poverty by developing business solutions. They collaborate with partners and clients to alleviate poverty, foster sustainable business growth, and improve livelihoods in developing countries. The organization is committed to empowering women economically and providing access to credit and equity financing for small businesses and entrepreneurs in these regions.
Official website here: www.meda.org
Who is the CEO of Mennonite Economic Development Associates?
Unavailable The CEO's salary of Mennonite Economic Development Associates is $0 and their total compensation is $166,569.
Official website here: www.meda.org
What is the revenue of Mennonite Economic Development Associates?
Mennonite Economic Development Associates's revenue in 2023 was $11,559,834.
Official website here: www.meda.org
Who are the executives of Mennonite Economic Development Associates and what are their salaries?
The average compensation at Mennonite Economic Development Associates during 2023 was $58,935. There are 14 employees at Mennonite Economic Development Associates.
Here are 14 key members and their salaries (Mennonite Economic Development Associates's CEO's salary is $0 and their total compensation is $166,569):
- Compensation: $277,656
- Related: $0
- Other: $0
- Compensation: $0
- Related: $166,569
- Other: $0
- Compensation: $162,756
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,725
- Other: $0
- Compensation: $0
- Related: $134,566
- Other: $0
- Compensation: $0
- Related: $133,177
- Other: $0
- Compensation: $132,266
- Related: $0
- Other: $0
- Compensation: $0
- Related: $122,629
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.meda.org
Where can I find the form 990 for Mennonite Economic Development Associates?
Mennonite Economic Development Associates's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.meda.org
Learn more at the official website: www.meda.org
Mission Statement of Mennonite Economic Development Associates
Mennonite Economic Development Associates, abbreviated as MEDA, is a nonprofit organization dedicated to combating poverty through innovative business solutions. Their mission is threefold: firstly, they work in collaboration with partners and clients to alleviate poverty. Secondly, they strive to support sustainable business growth and livelihoods, ensuring that the economic opportunities they create are long-term and beneficial to the communities they serve. Lastly, MEDA is committed to empowering women in their economies and providing them with access to credit and equity financing. By doing so, this organization aims to uplift small entrepreneurs and businesses in developing countries, helping them to thrive and ultimately contributing to the eradication of poverty.
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Impact
October, 2024
Mennonite Economic Development Associates (MEDA) creates impactful business solutions that directly address poverty by promoting sustainable business growth and improving livelihoods. By partnering with clients and local communities in developing countries, MEDA empowers women economically and provides essential access to credit and equity financing for small businesses and entrepreneurs. This support not only alleviates poverty but also fosters resilience and economic independence, ultimately contributing to stronger, more sustainable economies. Through these initiatives, MEDA plays a vital role in transforming lives and communities worldwide.
This information is meant to be a general summary of Mennonite Economic Development Associates. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $212,126
- Gross Receipts: $11,559,834
Assets and Liabilities:
- Total Assets: $19,730,904
- Total Liabilities: $5,580,491
- Net Assets: $14,150,413
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Publications, sponsorships, int'l tour fees
Revenue
$67,830
Consulting Fees
Revenue
$13,775
Convention and tour fees
Revenue
$130,521
Organization Details
Founding Year
1973
Phone
(800) 665-7026Main Address
33 N Market Street Suite 400, Lancaster, PA, 176033805
Website
www.meda.orgNTEE Category
Code: Q320 - International
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