Overview
What is Metafund Corporation?
Metafund Corporation is a nonprofit organization situated in Edmond, Oklahoma, with a mission to stimulate sustainable social impact. They achieve this by offering diverse capital sources and strategic advice, fostering innovative solutions that benefit underprivileged communities and businesses. Their program solutions encompass tax-credit eligible investments, flexible direct lending and credit enhancement investments for mission-driven organizations and small enterprises in eligible areas, low-income housing-related mortgage acquisitions, and up-front financing for pay-for-success outcome-based repayment structures for service providers generating measurable public benefits. With a workforce of 11 individuals, Metafund Corporation is dedicated to promoting community, economic, and workforce development across Oklahoma and the United States.
Official website here: www.metafund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% - Three-Star out of Four Star rating
Metafund Corporation has achieved a solid Three-Star rating with an overall score of 86%, indicating a strong level of accountability and financial health. The organization scores particularly well in areas such as its independent board composition and the thoroughness of its financial oversight, with 87% of board members being independent and a perfect score for its audit and oversight committee.
Financially, the charity demonstrates a commendable program expense ratio of 79.30%, reflecting a significant portion of its funds directed towards its mission-related activities. However, the liabilities to assets ratio of 62.79% suggests that the organization has a higher level of liabilities compared to its assets, which may raise concerns about its long-term financial stability. Overall, while Metafund has notable strengths in governance and program spending, attention to its financial leverage may be warranted.
This AI summary has been generated from information found on Charity Navigator.
Is Metafund Corporation legitimate?
Metafund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metafund Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,189,414
Professional Fundraising Fees: $0
Other Salaries and Wages: $452,735
For more financial information, click here
Official website here: www.metafund.org
What is the mission statement of Metafund Corporation?
Metafund Corporation's mission is centered around promoting community, economic, and workforce development on a national scale. They achieve this by offering financing and strategic consulting services. Metafund aims to create sustainable social impact by providing diverse sources of capital and strategic advice, generating innovative solutions that benefit underprivileged communities and businesses. Their program solutions include tax-credit eligible investments, flexible direct lending and credit enhancement investments, low-income housing-related mortgage acquisitions, and upfront financing for pay-for-success outcome-based repayment structures for service providers that yield measurable public benefits.
Official website here: www.metafund.org
Who is the CEO of Metafund Corporation?
Sarah Reed is the Chief Executive Officer/Chairman of Metafund Corporation. The CEO's salary of Metafund Corporation is $248,013 and their total compensation is $270,947.
Official website here: www.metafund.org
What is the revenue of Metafund Corporation?
Metafund Corporation's revenue in 2022 was $4,117,417.
Official website here: www.metafund.org
Who are the executives of Metafund Corporation and what are their salaries?
The average compensation at Metafund Corporation during 2022 was $149,286. There are 11 employees and 16 volunteers at Metafund Corporation.
Here are 12 key members and their salaries (Metafund Corporation's CEO's salary is $248,013 and their total compensation is $270,947):
- Compensation: $248,013
- Related: $0
- Other: $22,934
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $200,381
- Related: $0
- Other: $32,288
- Compensation: $200,940
- Related: $0
- Other: $31,585
- Compensation: $140,067
- Related: $0
- Other: $24,678
- Compensation: $124,631
- Related: $0
- Other: $16,646
- Compensation: $122,964
- Related: $0
- Other: $24,287
Official website here: www.metafund.org
Where can I find the form 990 for Metafund Corporation?
Metafund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metafund.org
Learn more at the official website: www.metafund.org
Mission Statement of Metafund Corporation
Metafund Corporation, a notable entity, is committed to promoting community, economic, and workforce development across the United States. Their mission is to achieve sustainable social impact by providing diverse sources of capital and strategic advice, thereby generating creative solutions that benefit under-resourced communities and businesses. By doing so, Metafund Corporation strives to contribute to the betterment of these communities, fostering growth and improvement in various aspects. Their business development programs are instrumental in this mission, offering tax-credit eligible investments, flexible direct lending and credit enhancement investments, low-income housing-related mortgage acquisitions, and upfront financing for pay-for-success outcome-based repayment structures for service providers. These initiatives are designed to create measurable public benefits, demonstrating Metafund Corporation's dedication to uplifting underprivileged communities and businesses.
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Impact
July, 2024
Metafund Corporation's impact can be seen through its mission to promote community, economic, and workforce development throughout the state of Oklahoma and the United States. By providing access to diverse sources of capital and strategic advice, Metafund works to generate creative solutions that benefit under-resourced communities and businesses. Their business development programs include tax-credit eligible investments, direct lending, credit enhancement investments, low-income housing-related mortgage acquisitions, and financing for pay-for-success outcome-based repayment structures. Through these initiatives, Metafund is able to create sustainable social impact and contribute to the improvement of communities in need.
This information is meant to be a general summary of Metafund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $103,543
- Program Service Revenue: $3,167,658
- Gross Receipts: $4,117,417
Assets and Liabilities:
- Total Assets: $36,688,819
- Total Liabilities: $22,489,725
- Net Assets: $14,199,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$1,774,818
LOAN INTEREST INCOME
Revenue
$1,384,438
PROJECT DIVIDEND INCOM
Revenue
$8,402
Organization Details
Founding Year
1999
Phone
(405) 949-0001Principal Officer
Sarah Reed
Main Address
2545 S KELLY AVENUE SUITE F, EDMOND, OK, 73013
Website
www.metafund.orgNTEE Category
Code: S31 - Community improvement
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