595 Parkside Drive
Waterloo, ON N2L 0C7
CEO: Dr. Dorothy Nyambi
Board Chair: Tim Penner

Charitable Reg. #:10769 1057 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

B

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

87%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.



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Programs

About MEDA:

Founded in 1953, Mennonite Economic Development Associates (MEDA) is an international economic development organization striving to alleviate poverty by improving local economies and helping businesses gain access to financial services. MEDA hopes to give everyone the opportunity to provide for their families and improve their communities.

MEDA partners with people living in poverty to start or grow businesses in developing regions around the world. Since its inception, MEDA, alongside its 401 partners, has helped 103 million families in 62 countries. As of the time of this report, MEDA currently has 22 active projects.

MEDA’s areas of focus are market systems, investment, gender equality and social inclusion, and financial services. MEDA’s expertise includes economic development tools such as financial services, improved technology, business training, and better access to markets and investment. In F2018, the charity served 910,000 clients, a 48% increase from F2017.

MEDA works with entrepreneurs to strengthen their business contracts, promote innovation, and comply with policy. It also helps entrepreneurs secure financing and maximize the impact of money received. Through its work, MEDA aims to empower women and youth by reducing social and systemic barriers allowing them to start businesses. Lastly, MEDA works to ensure that everyone has access to banking and insurance. In the last ten years, MEDA has provided technical assistance to over 40 micro finance institutions and banks in 22 countries.

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Finances

Mennonite Economic Development Associates is one of Canada’s Major 100 charities, with $20.1m in donations in F2017. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 8% of donations. For every dollar donated to the charity, 87 cents go to its programs. This is within Ci’s reasonable range for overhead expenditures. MEDA has net funding reserves of $21.1m. Reserves can cover program costs for almost one year.

This report is a new charity profile that has been sent to Mennonite Economic Development Associates for review. Changes and edits may be forthcoming.

Updated August 29, 2019 by Stefan Tetzlaff.

Financial Review


Financial Ratios

Fiscal year ending June
201720162015
Administrative costs as % of revenues 4.6%4.8%5.8%
Fundraising costs as % of donations 8.1%10.8%12.9%
Program cost coverage (%) 99.5%104.1%94.9%

Summary Financial Statements

All figures in $000s
201720162015
Donations 20,09917,17114,365
Fees for service 4,7034,1483,731
Investment income 1,584(215)(51)
Other income 375209300
Total revenues 26,76121,31218,345
Program costs 21,21417,90217,341
Administrative costs 1,1671,0351,064
Fundraising costs 1,6221,8511,847
Other costs 14011337
Total spending 24,14320,90120,289
Cash flow from operations 2,617411(1,944)
Funding reserves 21,10518,63916,454

Note: Ci recognized unrealized loss on investments as a contra-revenue reducing expenses by $447k in F2017, $537k in F2016, and $324k in F2015.

Salary Information

Full-time staff: 68

Avg. Compensation $83,332

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
4
$120k - $160k
5
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: https://www.meda.org/
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-800-665-7026

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