Nonprofit · EIN 23-7398678
MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES
Tax-exempt · LANCASTER, PA 17603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,546,791 | $8,405,506 | $1,141,285 | $17,608,172 | $2,985,057 | $14,623,115 |
| June 30, 2024 | 990 | $9,388,424 | $9,377,653 | $10,771 | $19,071,492 | $4,910,308 | $14,161,184 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,993,835
- of which government grants
- $619,455
- Program service revenue
- $449,134
- Investment income
- $14,307
- Net rental income
- $89,515
- Other revenue
- $89,515
Expenses
- Grants and similar amounts paid
- $3,010,578
- Other salaries and wages
- $2,215,951
- Salaries, compensation and benefits (total)
- $2,487,249
- Professional fundraising fees
- $0
- Legal fees
- $17,723
- Accounting fees
- $99,226
- Occupancy
- $46,324
- Travel
- $691,212
- Depreciation
- $8,058
- Program services (functional)
- $6,142,465
- Management and general (functional)
- $51,651
- Fundraising (functional)
- $2,211,390
Balance sheet and other
- Total assets, start of year
- $19,071,492
- Total assets, end of year
- $17,608,172
- Total liabilities, end of year
- $2,985,057
- Net assets, end of year
- $14,623,115
- Land, buildings and equipment
- $31,628
- Net assets without donor restrictions
- $14,623,115
- Gross receipts
- $9,546,791
- Employees
- 14
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Claude Clodomir | Chief of Party, Haiti, MEDA Highest-paid employee | 37.5 | $377,177 | $0 |
| Dorothy Nyambi | President/CEO, MEDA Key employee | 37.5 | $0 | $190,701 |
| Josh Landis | Interim VP Philanthropy & Public Engagement Highest-paid employee | 37.5 | $188,027 | $0 |
| Gina Volynsky | SVP, Partnerships & Business Accelerator Highest-paid employee | 37.5 | $160,218 | $0 |
| Mike Miller | Sr. Vice President, Marketing & Development, MEDA Highest-paid employee | 37.5 | $160,204 | $0 |
| Derek Camaron | VP Global Programs Highest-paid employee | 37.5 | $0 | $138,363 |
| Crystal Weaver | Board Director, Chair Trustee or director | 0 | $0 | $0 |
| Andreas Quiring | Board Director, Treasurer Trustee or director | 0 | $0 | $0 |
| Verda Beachey | Board Director, Secretary Trustee or director | 0 | $0 | $0 |
| Bethany Fosdyck | Board Director - Vice Chair Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Claude Clodomir | Chief of Party, Haiti, MEDA Highest-paid employee | 37.5 | $302,787 | $0 |
| Dorothy Nyambi | President/CEO, MEDA Key employee | 0 | $0 | $170,177 |
| Pierre Kadet | Regional Director, West & Central Africa Highest-paid employee | 0 | $0 | $159,012 |
| Lindsay Wallace | Sr. Vice President, Strategy & Impact Highest-paid employee | 0 | $0 | $147,776 |
| Jessica Villanueva | Sr. Director, Technical Areas of Practice, MEDA Highest-paid employee | 37.5 | $143,860 | $0 |
| Mike Miller | Sr. Vice President, Marketing & Development, MEDA Highest-paid employee | 37.5 | $141,883 | $0 |
| James Miller | Board Director , Vice-Chair Trustee or director, Officer | 0 | $0 | $0 |
| Crystal Weaver | Board Director, Chair Trustee or director, Officer | 0 | $0 | $0 |
| Andreas Quiring | Board Director, Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Bethany Fosdyck | Board Director, Secretary Trustee or director, Officer | 0 | $0 | $0 |
| Verda Beachey | Director Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 342 N QUEEN ST STE D, LANCASTER, PA 17603-3072
- Principal officer (990 for 2024)
- Wendy Clayson, 595 Parkside Drive Unit 2, Waterloo, Ontario N2L 0C7, CA
- Signed the 990
- Wendy Clayson, CFIO
- Phone
- (800) 665-7026
- Website
- www.meda.org
Mission
MEDA creates business solutions to poverty.
Program accomplishments
- 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.Expenses $3,010,578 · revenue $3,274,982
- 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.Expenses $1,143,988 · revenue $249,109
- MEDA programs facilitates the connection of faith and work through discussions, publications and conventions for participants.Expenses $1,987,899 · revenue $200,025
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7398678
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q320)
- Assets (IRS master file)
- $17,608,172
- Income (IRS master file)
- $9,546,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,546,791 | $8,405,506 | $17,608,172 | XML |
| 990 | June 2024 | $9,388,424 | $9,377,653 | $19,071,492 | XML |
| 990 | June 2023 | $11,559,834 | $10,809,751 | $19,730,904 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7398678).
Questions about MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES
- What is the EIN of MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES?
- The employer identification number (EIN) of MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES is 23-7398678.
- Is MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES?
- The 990 for the year ended June 30, 2025 names Wendy Clayson.
- Who are the officers and directors of MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES?
- The 990 for the year ended June 30, 2025 lists 10 people; 4 received compensation from the organization, the highest $377,177 (Claude Clodomir, Chief of Party, Haiti, MEDA).
- How much revenue does MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,546,791, expenses of $8,405,506 and total assets of $17,608,172 at year end.
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