Mission Economic Development Agency
Mission Economic Development Agency reported $25.0 million in revenue and $30.4 million in expenses for calendar year 2024. Of every $100 it spent, $84.46 went to program services, $12.98 to management and general costs and $2.56 to fundraising. Its largest source of revenue was contributions and grants: 66.7% of the total. Government grants made up 38.8%. The highest compensation it reported for one person was $468,239 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 28% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.5% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.0% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 66.7% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 38.8% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 32.3% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $468,239 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.54% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 12 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.7 | 6.8 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMeda's community real estate (cre) program strategically acquires, develops, and stewards properties to create and preserve permanently affordable housing and community-serving commercial spaces. This work, combined with the long-term oversight of our asset management team, is critical to combating displacement, protecting the cultural heritage of the mission district, and ensuring lasting community ownership in san francisco. Since 2015, we have created or preserved 1,456 afforable units through the acquisition of 38 buildings via the small sites program 5 via the rental assistance…
Meda's asset building programs include workshops and individual coaching to help low-income and moderate-income clients achieve family economic success. Free programs include: financial capability, business development, housing opportunities, eviction prevention, free tax preparation, and workforce development
Meda is the lead agency for the mpn program, a federal initiative to help families succeed and students achieve. Meda is collaborating with the san francisco unified school district and a host of vital community partners to ensure that every child in the mission district of san francisco is on tract to thrive, from cradle to college and beyond
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $422,985 | $0 | $45,254 | $468,239 |
| CFO (TO 9/24) Officer, 40.00 hrs/week | $240,397 | $0 | $20,310 | $260,707 |
| CHIEF STRATEGY AND ADVANCE Officer, 40.00 hrs/week | $220,351 | $0 | $14,904 | $235,255 |
| SENIOR ADVISOR TO CRE Key employee, 40.00 hrs/week | $205,860 | $0 | $23,960 | $229,820 |
| COO Officer, 40.00 hrs/week | $201,452 | $0 | $6,458 | $207,910 |
| VP OF COMM. REAL ESTATE Highest compensated employee, 40.00 hrs/week | $180,618 | $0 | $19,833 | $200,451 |
| VP OF DATA, ANALYSIS AND PLANNING Highest compensated employee, 40.00 hrs/week | $173,710 | $0 | $25,702 | $199,412 |
| CFO FROM 09/24 Officer, 40.00 hrs/week | $190,692 | $0 | $6,064 | $196,756 |
12 people received more than $100,000 in reportable compensation from Mission Economic Development Agency (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5121
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BPM LLP Accounting services | $635,857 |
| RTI INTERNATIONAL Scientific research institute | $380,067 |
| STARLIGHT STARTEGIES CA LLC Consulting | $293,354 |
| ROBERT HALF FINANCE & ACCOUNTING Staffing solutions | $129,211 |
| TRENDING SOCIAL LLC Social media content | $111,183 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Mission Economic Development Agency totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Mission Economic Development Agency's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mission Economic Development Agency, you can publish a response that is linked from this page.
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Of every $100 Mission Economic Development Agency spent in 2024, $84.46 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Boys and Girls Clubs of Metro DenverDenver, CO · revenue $25M · programs 71.5% · FY2025
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All unclassified charities · Largest charities in California
Questions people ask
How much of Mission Economic Development Agency's spending goes to programs?
In calendar year 2024, Mission Economic Development Agency reported that 84.5% of its $30.4 million in expenses went to program services, 13.0% to management and general and 2.6% to fundraising (Form 990, Part IX).
How much does Mission Economic Development Agency pay its top executive?
The largest total compensation Mission Economic Development Agency reported for one person in calendar year 2024 was $468,239, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Mission Economic Development Agency get its money?
Of $25.0 million in revenue in calendar year 2024, 66.7% came from contributions and grants (including 38.8% from government grants) and 32.3% from program service revenue (Form 990, Part VIII).
Is Mission Economic Development Agency a registered charity?
The IRS lists EIN 51-0187791 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513219349325391 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349328364 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349307782 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349328453 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349303548 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349314515 · read the filing
All filings for EIN 51-0187791: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.