Metta Fund
- Assets
- $84.4m
- Revenue
- $7.0m
- Investments
- $83.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 94-2992640
Organization Overview
Metta Fund is located in San Francisco, CA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Fund 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 12/2021, Metta Fund generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Metta Fund has awarded 602 individual grants totaling $21,318,175. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ROOM DESCRIPTION: METTA FUND RECOGNIZES THE IMPORTANCE OF PROVIDING SUPPORT TO THE NONPROFIT COMMUNITY BEYOND GRANTMAKING. AS SUCH, THE FOUNDATION PROVIDES ITS STATE-OF-THE-ART CONFERENCE CENTER AT NO COST TO LOCAL NONPROFITS, COMMUNITY PARTNERS, AND KEY STAKEHOLDERS. DURING A NORMAL YEAR, METTA FUND HOSTS DOZENS OF COMMUNITY CONVERSATIONS AND CAPACTITY-BUILDING EVENTS TO HELP FURTHER ADVANCE NONPROFITS' MISSION. TO EXPAND MEETING ROOM ACCESS, IN 2020, METTA FUND INTENTIONALLY LEASED NEW, MORE CENTRALLY LOCATED OFFICE SPACE WITH A LARGER CONFERENCE ROOM. THE NEW COMMUNITY ROOM CAN ACCOMMODATE UP TO 99 PEOPLE IN VARIOUS ARRANGEMENTS. IN 2021 DUE TO THE COVID 19 PANDEMIC THE CONVENING SPACE WAS NOT USED FOR MEETINGS OR CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Y Spears CEO | 40 | $271,500 | |
R Espinoza Director Of Program | 40 | $166,165 | |
B Garcia Director Of Administ | 40 | $164,600 | |
C Collen Senior Program And G | 40 | $134,179 | |
A Karrer Director Of Commuica | 32 | $119,878 | |
H Huynh Controller | 40 | $112,504 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheppard Mullin | 12/30/16 | $132,967 |
The 360 Consulting Group Inc | 12/30/16 | $66,747 |
Visceral Llc | 12/30/16 | $55,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,832,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,164,202 |
| Capital Gain Net Income | $3,164,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,997,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $451,500 |
| Other employee salaries and wages | $750,796 |
| Pension plans, employee benefits | $226,951 |
| Interest | $0 |
| Taxes | $139,996 |
| Depreciation | $28,235 |
| Occupancy | $437,874 |
| Travel, conferences, and meetings | $17,971 |
| Printing and publications | $3,153 |
| Other expenses | $247,311 |
| Total operating and administrative expenses | $2,598,091 |
| Contributions, gifts, grants paid | $2,140,000 |
| Total expenses and disbursements | $4,738,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,014 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $39,536 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $583,361 |
| Other assets | $80,458 |
| Total assets | $84,416,735 |
| Accounts payable and accrued expenses | $137,032 |
| Grants payable | $235,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $622,714 |
| Total liabilities | $994,746 |
Grants Awarded
Over the last fiscal year, Metta Fund has awarded $2,735,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
RICHMOND NEIGHBORHOOD CENTER PURPOSE: SFNCT HEALTHY BEHAVIORS FOR AGING AND OLDER ADULTS | $115,000 |
San Francisco, CA PURPOSE: SF LATINO TASK FORCE'S COVID-19 VACCINE ROLLOUT | $100,000 |
San Francisco, CA PURPOSE: COVID-19 VACCINE ROLLOUT | $100,000 |
San Francisco, CA PURPOSE: MEGABLACK SF | $100,000 |
San Francisco, CA PURPOSE: COVID 19 VACCINE ROLLOUT | $100,000 |
San Francisco, CA PURPOSE: ON THE JOB CERTIFIED NURSING ASSISTANT CERTIFICATION PILOT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |