Metta Fund
- Assets
- $71.7m
- Revenue
- $3.8m
- Investments
- $69.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/1986
- Data as of
- 12/2023
- 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 12/2023, Metta Fund generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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.
Since 2016, Metta Fund has awarded 609 individual grants totaling $25,232,045. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ROOM DESCRIPTION: METTA FUND RECOGNIZES THE IMPORTANCE OF PROVIDING SUPPORT TO THE NON-PROFIT COMMUNITY BEYOND GRANTMAKING. AS SUCH, THE FOUNDATION PROVIDES ITS STATE-OF-THE-ART CONFERENCE CENTER AT NO COST TO LOCAL NON-PROFITS, COMMUNITY PARTNERS, AND KEY STAKEHOLDERS. DURING A NORMAL YEAR, METTA FUND HOSTS DOZENS OF COMMUNITY CONVERSATIONS AND CAPACITY-BUILDING EVENTS TO HELP FURTHER ADVANCE NON-PROFITS' 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Y Spears Chief Executive Officer | 40 | $344,214 | |
Kimberly Brandon Chair & Director | 6 | $25,000 | |
Joe Hafey Vice Chair & Director (until 06/23) | 3 | $12,500 | |
Roma Guy Secretary & Director | 3 | $25,000 | |
John Woodward Treasurer & Director | 4 | $0 | |
James Loyce Director | 3 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheppard Mullin | 12/30/16 | $132,967 |
Visceral Llc | 12/30/16 | $55,844 |
The 360 Consulting Group Inc | 12/30/16 | $66,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,293,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,472,066 |
| Capital Gain Net Income | $1,472,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,765,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $501,514 |
| Other employee salaries and wages | $948,001 |
| Pension plans, employee benefits | $282,801 |
| Interest | $0 |
| Taxes | $2,173 |
| Depreciation | $109,327 |
| Occupancy | $516,815 |
| Travel, conferences, and meetings | $86,501 |
| Printing and publications | $0 |
| Other expenses | $175,804 |
| Total operating and administrative expenses | $2,946,824 |
| Contributions, gifts, grants paid | $3,165,000 |
| Total expenses and disbursements | $6,111,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,028 |
| 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 | $43,235 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $398,302 |
| Other assets | $1,952,476 |
| Total assets | $71,673,019 |
| Accounts payable and accrued expenses | $159,831 |
| Grants payable | $900,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,300,172 |
| Total liabilities | $3,360,003 |
Grants Awarded
Over the last fiscal year, Metta Fund has awarded $3,665,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
BEND THE ARC PURPOSE: HAND IN HAND: THE DOMESTIC EMPLOYER'S NETWORK | $75,000 |
ASIANWEEK FOUNDATION PURPOSE: THE FLORENCE FANG COMMUNITY FARM'S BAYVIEW BLACK ORGANIC FARMERS PROGRAM | $5,000 |
BAYVIEW HUNTERS POINT MULTIPURPOSE SENIOR SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
AT HOME WITH GROWING OLDER PURPOSE: SF BASED AGING 360 WORKSHOP PROJECT | $10,000 |
BOOKER T WASHINGTON COMMUNITY SERVICE CENTER PURPOSE: BROADBAND FOR ALL DIGITAL EQUITY AND BEAD WORKSHOP IN OAKLAND | $1,000 |
BEND THE ARC PURPOSE: SF DOMESTIC WORKER PORTABLE BENEFIT OUTREACH AND EDUCATION PROJECT | $20,000 |