Mennonite Economic Development Associates

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MEDA creates business solutions to poverty.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7398678) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 54 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.4M a year · 13% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
73% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$886K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
7.1 mo
of spending, in cash
Plus $12.2M in investments, Pt X · Ln 11–13
7.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $135K
7 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
17% of total assets
Liabilities are 17% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$9.5M
+2% vs prior year
Spent
$8.4M
To programs
73%
Net assets
$14.6M
By yearFY2021–FY2025
Revenue
$9.5M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$9.0M
FY2022$14.8M
FY2023$11.6M
FY2024$9.4M
FY2025$9.5M
Expenses
$8.4M
FY2025▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$8.2M
FY2022$10.7M
FY2023$10.8M
FY2024$9.4M
FY2025$8.4M
Net assets
$14.6M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$11.3M
FY2022$15.5M
FY2023$14.2M
FY2024$14.2M
FY2025$14.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $6.1M Management & general 1% · $52K Fundraising 26% · $2.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $886K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Chief of Party, Haiti, Meda
$377,177Pt VII · Sec A
Interim VP Philanthropy & Public Engagement
$188,027Pt VII · Sec A
SVP, Partnerships & Business Accelerator
$160,218Pt VII · Sec A
SR. Vice President, Marketing & Development, Meda
$160,204Pt VII · Sec A
Board Director, Treasurer
$0Pt VII · Sec A
Board Director, Secretary
$0Pt VII · Sec A
Board Director - Vice Chair
$0Pt VII · Sec A
President/CEO, Meda
$0Pt VII · Sec A

Claude Clodomir’s $377K as Chief of Party, Haiti, Meda is at the 97th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Claude Clodomir$377,177$302,787$277,656$261,128—
Josh Landis$188,027————
Millie Gadbois——$162,756$120,791—
Gina Volynsky$160,218————
Mike Miller$160,204$141,883———
Jessica Villanueva—$143,860——$110,422
Thomas McCormack——$132,266$129,969$116,062
Michael Miller————$116,778

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mennonite Economic Development Associates executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers entrepreneurs with business tools to overcome poverty.

Questions for Mennonite Economic Development Associates

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3 programs · $6.1M · in their own filed words · FY2024
01

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…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7398678) · Dispute this line
$3.0Mprogram expense
02

MEDA programs facilitates the connection of faith and work through discussions, publications and conventions for participants.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7398678) · Dispute this line
$2.0Mprogram expense
03

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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7398678) · Dispute this line
$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2023 · $3.8M federal money spent
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$3.8M

The auditor reported no findings.

Year ending Jun 2022 · $4.1M federal money spent
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$4.1M

The auditor reported no findings.

Year ending Jun 2021 · $1.2M federal money spent
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$1.2M

The auditor reported no findings.

Year ending Jun 2020 · $1.4M federal money spent
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Direct$1.4M

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.5M
Ln 12
Gifts and grantsLn 1h$9.0M
Fees for servicesLn 2g$449K
Other incomeLn 4–11$90K
Money outPt IX
$8.4M
Ln 25
Programscol B$6.1M
Managementcol C$52K
Fundraisingcol D$2.2M
Owns and owesPt X
$14.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$17.6M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.0M
Government grantsLn 1e$619K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$449K
Investment incomeLn 3$14K
Other incomeLn 4–11$90K
Total revenueLn 12$9.5M
Assets in detailPt X, end of year
CashLn 1$420K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$4.9M
Accounts receivableLn 4$24K
Notes and loans receivableLn 7$109K
Prepaid expenses and deferred chargesLn 9$255K
Land, buildings, equipmentLn 10c$32K
InvestmentsLn 11–13$12.2M
Total assetsLn 16$17.6M
LiabilitiesLn 26$3.0M
Net assetsLn 32$14.6M
OperationsPt I, VI
EmployeesI 516
VolunteersI 654
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$3.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.2M$4.9M
InvestmentsLn 11–13$14.3M$12.2M
Land, buildings, equipmentLn 10c$38K$32K
Total assetsLn 16$19.1M$17.6M
LiabilitiesLn 26$4.9M$3.0M
Net assetsLn 32$14.2M$14.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3.0M$3.0M
Other salaries and wagesLn 7$2.2M$1.2M$207K$837K
Pension plan contributionsLn 8$47K$11K$14K$22K
Other employee benefitsLn 9$146K$38K$33K$75K
Payroll taxesLn 10$78K$23K$20K$35K
Management feesLn 11a$643K$451K$192K$0
Legal feesLn 11b$18K$14K$4K$0
Accounting feesLn 11c$99K$99K
Advertising and promotionLn 12$968$968
Office expensesLn 13$2.3M$972K$769K$517K
Information technologyLn 14$16K$13K$2K
OccupancyLn 16$46K$41K$5K
TravelLn 17$691K$298K$31K$362K
Conferences, conventions and meetingsLn 19$363K$363K
Depreciation, depletion and amortizationLn 22$8K$394$8K$0
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24−$1.3M$0−$1.3M$0
Total functional expensesLn 25$8.4M$6.1M$52K$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 3, 2026 $9.5M$8.4M$1.1M$14.6M 990 PDF
FY2024Filed with the IRS Feb 28, 2025 $9.4M$9.4M$11K$14.2M 990 PDF
FY2023Filed with the IRS Nov 15, 2023 $11.6M$10.8M$750K$14.2M 990 PDF
FY2022Filed with the IRS Oct 31, 2022 $14.8M$10.7M$4.1M$15.5M 990 PDF
FY2021Filed with the IRS Nov 2, 2021 $9.0M$8.2M$738K$11.3M 990 PDF

Schedules filed Part IV

A · Public support F · Foreign I · Grants J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $9,546,791 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,006,449$8,993,835
I-9 Program service revenuePrior year $338,737$449,134
I-10 Investment incomePrior year $16,931$14,307
I-11 Other revenuePrior year $26,307$89,515
I-12 Total revenuePrior year $9,388,424$9,546,791
I-13 Grants and similar amounts paidPrior year $698,917$3,010,578
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,207,329$2,487,249
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,471,407$2,907,679
I-18 Total expensesPrior year $9,377,653$8,405,506
I-19 Revenue less expensesPrior year $10,771$1,141,285
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,546,791 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$619,455
VIII-1f All other contributions, gifts and grants$8,374,380
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$8,993,835
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $449,134 · Unrelated business $0 · Excluded from tax $0$449,134
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,307$14,307
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $89,515$89,515
VIII-12 Total revenueRelated to mission $449,134 · Unrelated business $0 · Excluded from tax $103,822$9,546,791
Part IX · Statement of functional expenses $8,405,506 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,010,578$3,010,578
IX-7 Other salaries and wagesPrograms $1,171,597 · Management $207,400 · Fundraising $836,954$2,215,951
IX-8 Pension plan contributionsPrograms $10,606 · Management $14,077 · Fundraising $22,487$47,170
IX-9 Other employee benefitsPrograms $37,788 · Management $33,042 · Fundraising $74,925$145,755
IX-10 Payroll taxesPrograms $22,954 · Management $20,248 · Fundraising $35,171$78,373
IX-11a Management feesPrograms $450,840 · Management $192,279 · Fundraising $0$643,119
IX-11b Legal feesPrograms $14,152 · Management $3,571 · Fundraising $0$17,723
IX-11c Accounting feesPrograms $99,226$99,226
IX-12 Advertising and promotionManagement $968$968
IX-13 Office expensesPrograms $971,806 · Management $768,575 · Fundraising $516,766$2,257,147
IX-14 Information technologyPrograms $13,443 · Management $2,092$15,535
IX-16 OccupancyPrograms $41,380 · Management $4,944$46,324
IX-17 TravelPrograms $297,701 · Management $31,468 · Fundraising $362,043$691,212
IX-19 Conferences, conventions and meetingsFundraising $363,044$363,044
IX-22 Depreciation, depletion and amortizationPrograms $394 · Management $7,664 · Fundraising $0$8,058
IX-23 InsuranceManagement $32,508$32,508
IX-24 Other expenses (24a–d)Programs $0 · Management −$1,267,185 · Fundraising $0−$1,267,185
IX-25 Total functional expensesPrograms $6,142,465 · Management $51,651 · Fundraising $2,211,390$8,405,506
Part X · Balance sheet $17,608,172 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $20$420,179
X-2 Savings and temporary cash investmentsStart of year $2,227,532$4,526,451
X-4 Accounts receivableStart of year $2,254,437$23,638
X-7 Notes and loans receivableStart of year $127,967$109,126
X-9 Prepaid expenses and deferred chargesStart of year $140,639$255,000
X-10c Land, buildings and equipment, netStart of year $37,658$31,628
X-13 Program-related investmentsStart of year $14,283,239$12,242,150
X-16 Total assetsStart of year $19,071,492$17,608,172
X-17 Accounts payable and accrued expensesStart of year $321,245$497,412
X-19 Deferred revenueStart of year $0$753,861
X-24 Unsecured notes and loans payableStart of year $4,589,063$1,733,784
X-26 Total liabilitiesStart of year $4,910,308$2,985,057
X-27 Net assets without donor restrictionsStart of year $14,161,184$14,623,115
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $14,161,184$14,623,115
X-33 Total liabilities and net assetsStart of year $19,071,492$17,608,172
Part XI · Reconciliation of net assets $14,623,115 net assets at year end
XI-1 Total revenue$9,546,791
XI-2 Total expenses$8,405,506
XI-3 Revenue less expenses$1,141,285
XI-4 Net assets at start of year$14,161,184
XI-5 Net unrealized gains (losses) on investments−$679,354
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,623,115

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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