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Community Development : Housing and Neighborhood Development

MEDA

Helping entrepreneurs of color succeed

three stars

88.55

250 Second Avenue South Suite 106
Minneapolis, MN 55401
tel: (612) 332-6332   Web Site
EIN: 41-0977257

Board Leadership
Barbara Butts Williams
Chair of the Board

CEO
Gary Cunningham
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 88.55 three stars
  Financial 84.32 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/21/2018 and includes data from FY2017, the most recent 990 received at that time.

MEDA (Metropolitan Economic Development Association) was created in 1971 by a group of Twin Cities business leaders to address the issues of rapidly rising poverty, crime and unemployment in a new and improved way. MEDA provides assistance to businesses owned and managed by ethnic minorities. Unique among economic development organizations, MEDA's services are directed toward new and existing businesses whose owners are committed to making an impact through: job creation; their firms' growth and profitability; and community involvement.

MEDA (Metropolitan Economic Development Association) was created in 1971 by a group of Twin Cities business leaders to address the issues of rapidly rising poverty, crime and unemployment in a new and improved way. MEDA provides assistance to businesses owned and managed by ethnic minorities. Unique among economic development organizations, MEDA's services are directed toward new and existing businesses whose owners are committed to making an impact through: job creation; their firms' growth and profitability; and community involvement.

Impact Information

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Financial

three stars

84.32

Accountability & Transparency

four stars

96.00

This rating was published 12/21/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
73.9%
  Administrative Expenses 15.0%
  Fundraising Expenses 11.0%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.66
  Program Expenses Growth 18.4%
  Liabilities to Assets 54.5%
All data for Financial Performance Metrics calculations was provided by MEDA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by MEDA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
MEDA (MN) 88.55 three stars
Community Voices Heard (CVH) (NY) 89.02 three stars
Urban Affairs Coalition (PA) 86.84 three stars
Greater Phoenix Economic Council (AZ) 90.59 four stars
Mountain Association for Community Economic Development (KY) 96.63 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,586,532
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $310,550
   Related Organizations $0
   Government Grants $3,387,056
Total Contributions $5,284,138
   Program Service Revenue $805,470
Total Primary Revenue $6,089,608
   Other Revenue $-106,983
TOTAL REVENUE $5,982,625
   
EXPENSES  
   Program Expenses $4,241,601
   Administrative Expenses $875,222
   Fundraising Expenses $712,513
TOTAL FUNCTIONAL EXPENSES $5,829,336
   
Payments to Affiliates $0
Excess (or Deficit) for the year $153,289
   
Net Assets $7,447,752

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Minority Business Consulting Services $1,710,798 40.3%
Loan Program $1,299,142 30.6%
Government Contracting Assistance $417,787 9.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 12/21/2018 88.55 three stars
2016-12 03/01/2018 88.36 three stars
2015-12 02/01/2017 87.33 three stars
2014-12 06/01/2016 89.96 three stars
 
CN 2.0
2014-12 12/22/2015 92.08 four stars
2013-12 05/01/2015 91.58 four stars
2012-12 12/01/2013 92.10 four stars
2011-12 02/01/2013 86.82 three stars
2010-12 03/01/2012 82.97 three stars
2009-12 09/20/2011 88.33 three stars
 
CN 1.0
2009-12 02/01/2011 87.42 three stars
2008-12 11/01/2009 86.08 three stars
2007-12 05/01/2009 90.09 four stars
2006-12 10/01/2007 84.82 three stars
2005-12 12/01/2006 83.29 three stars
2004-12 12/01/2005 69.46 one star
2003-12 11/01/2004 79.57 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-0977257
Name in IRS Master File METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (200) Business promotion (chamber of commerce, business league, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1971
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$276,855 4.74% Gary L. Cunningham President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
MEDA (MN) 88.55 three stars
Slavic Village Development (OH) 89.99 three stars
Fund for the City of New York (NY) 87.83 three stars
Pillsbury United Communities (MN) 92.89 four stars
Initiative Foundation (MN) 92.11 four stars

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Charity Contact Info

MEDA
250 Second Avenue South
Suite 106
Minneapolis, MN 55401
tel: (612) 332-6332
EIN: 41-0977257

Visit Web Site

Board Leadership

Barbara Butts Williams
Chair of the Board

CEO

Gary Cunningham
President & CEO

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