Metafund Corporation
- Assets
- $36.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Edmond, OK
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 73-1575885
Organization Overview
Metafund Corporation is located in Edmond, OK. The organization was established in 2001. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Metafund Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metafund Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Metafund Corporation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O. METAFUND CORPORATION'S MISSION IS TO PROMOTE COMMUNITY, ECONOMIC, AND WORKFORCE DEVELOPMENT THROUGHOUT THE STATE OF OKLAHOMA AND THE UNITED STATES, THROUGH FINANCING AND CONSULTING. METAFUND ACHIEVES SUSTAINABLE SOCIAL IMPACT BY PROVIDING ACCESS TO DIVERSE SOURCES OF CAPITAL, AS WELL AS STRATEGIC ADVICE, GENERATING CREATIVE SOLUTIONS THAT BENEFIT UNDER-RESOURCED COMMUNITIES.
Describe the Organization's Program Activity:
METAFUND CORPORATION'S BUSINESS DEVELOPMENT PROGRAMS PROMOTE SUSTAINABLE SOCIAL IMPACT BY PROVIDING ACCESS TO DIVERSE SOURCES OF CAPITAL, AS WELL AS STRATEGIC ADVICE, GENERATING CREATIVE SOLUTIONS THAT BENEFIT UNDER-RESOURCED COMMUNITIES AND BUSINESSES. OUR PROGRAM SOLUTIONS INCLUDE TAX-CREDIT ELIGIBLE INVESTMENTS, FLEXIBLE DIRECT LENDING AND CREDIT ENHANCEMENT INVESTMENTS FOR MISSION-BASED ORGANIZATIONS AND SMALL BUSINESSES IN QUALIFYING AREAS, LOW-INCOME HOUSING-RELATED MORTGAGE ACQUISITIONS, AND UP-FRONT FINANCING FOR PAY-FOR-SUCCESS OUTCOME-BASED REPAYMENT STRUCTURES FOR SERVICE PROVIDERS THAT CREATE MEASURABLE PUBLIC BENEFITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Thomas Loy Chief Executive Officer/chairman | OfficerTrustee | 31 | $248,013 |
Jill Castilla Board Member | Trustee | 0.25 | $0 |
James Finch Board Member | Trustee | 0.25 | $0 |
Raul Font Board Member | Trustee | 0.25 | $0 |
Jane Haskin Board Member | Trustee | 0.25 | $0 |
Deborah Jenkins Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,000 |
| Total Program Service Revenue | $3,167,658 |
| Investment income | $103,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,117,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,189,414 |
| Compensation of current officers, directors, key employees. | $237,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,735 |
| Pension plan accruals and contributions | $20,598 |
| Other employee benefits | $38,261 |
| Payroll taxes | $100,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,383 |
| Fees for services: Accounting | $220,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,946 |
| Advertising and promotion | $11,763 |
| Office expenses | $7,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,910 |
| Travel | $10,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,524 |
| Interest | $164,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,567 |
| Insurance | $57,129 |
| All other expenses | $0 |
| Total functional expenses | $2,822,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,610,863 |
| Savings and temporary cash investments | $5,891,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,939,471 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,791 |
| Net Land, buildings, and equipment | $8,207 |
| Investments—publicly traded securities | $200,100 |
| Investments—other securities | $0 |
| Investments—program-related | $779,488 |
| Intangible assets | $0 |
| Other assets | $189,455 |
| Total assets | $36,688,819 |
| Accounts payable and accrued expenses | $497,937 |
| Grants payable | $0 |
| Deferred revenue | $862,934 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,551,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,576,856 |
| Total liabilities | $22,489,725 |
| Net assets without donor restrictions | $14,199,094 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,688,819 |
Grants Awarded
Over the last fiscal year, Metafund Corporation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF CENTRAL OKLAHOMA PURPOSE: GENERAL OPERATIONS | $5,000 |
WESTMINSTER SCHOOL INC PURPOSE: FINANCIAL AID ENDOWMENT | $5,000 |
CENTRAL OKLAHOMA HABITAT FOR HUMANITY PURPOSE: GENERAL OPERATIONS | $5,000 |