Metta Charitable Foundation
- Assets
- $27.4m
- Revenue
- $1.4m
- Investments
- $26.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 87-0969863
Organization Overview
Metta Charitable Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metta Charitable Foundation 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 12/2023, Metta Charitable Foundation generated $1.4m in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2023.
Since 2021, Metta Charitable Foundation has awarded 16 individual grants totaling $1,962,433. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Cyril Bauer Treas, Dir | 1 | $0 | |
Victoria Jane Bauer Dir, Pres, Sec | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 12/30/23 | $117,266 |
Foundation Source | 12/30/23 | $64,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,853 |
| Dividends & Interest | $1,336,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,209 |
| Capital Gain Net Income | $2,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,360,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $31 |
| Taxes | $35,229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,830 |
| Printing and publications | $0 |
| Other expenses | $69,160 |
| Total operating and administrative expenses | $234,516 |
| Contributions, gifts, grants paid | $1,872,933 |
| Total expenses and disbursements | $2,107,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $965,203 |
| Net Accounts receivable | $6,274 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,357,267 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Metta Charitable Foundation has awarded $1,872,933 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR MIDDLE EAST PEACE INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
EDVESTORS INC PURPOSE: SCHOOL ON THE MOVE | $10,000 |
ENVIRONMENTAL LEAGUE OF MASSACHUSETTS INC PURPOSE: GENERAL & UNRESTRICTED | $104,000 |
KEARSARGE FOOD HUB PURPOSE: GENERAL & UNRESTRICTED | $190,000 |
METROWEST WOMENS FUND INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
MYRIAD USA INC PURPOSE: CAPE KIDS FOUNDATION, US FUND | $410,000 |