Totals
- Total revenue
- $4,579,529
- Total expenses
- $3,312,209
- Contributions and grants received
- $677,899
- Grants paid
- $9,600
- Program service revenue
- $3,480,668
- Investment income
- $420,663
- Other revenue
- $299
- Total assets, end of year
- $39,195,868
- Total liabilities, end of year
- $23,465,012
- Net assets or fund balances, end of year
- $15,730,856
- Program services expenses (Part IX)
- $2,632,346
- Management and general expenses
- $679,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,632,346
Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$677,899
-
2a · Program service revenue: FEE INCOME
total $1,925,367 · related or exempt $1,925,367
-
2b · Program service revenue: LOAN INTEREST INCOME
total $1,545,711 · related or exempt $1,545,711
-
2c · Program service revenue: PROJECT DIVIDEND INCOM
total $9,590 · related or exempt $9,590
-
3 · Investment income
total $420,663 · excluded $420,663
-
11a · Other revenue: OTHER INCOME
total $299 · related or exempt $299
-
11e · Other revenue, total
$299
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,600 · program services $9,600
-
5 · Compensation of officers, directors and key employees
total $1,249,471 · program services $1,032,446 · management and general $217,025
-
7 · Other salaries and wages
total $652,097 · program services $538,832 · management and general $113,265
-
8 · Pension plan contributions
total $11,450 · program services $9,461 · management and general $1,989
-
9 · Other employee benefits
total $47,334 · program services $39,112 · management and general $8,222
-
10 · Payroll taxes
total $117,099 · program services $96,760 · management and general $20,339
-
11b · Fees: legal
total $24,557 · program services $21,258 · management and general $3,299
-
11c · Fees: accounting
total $219,648 · program services $171,701 · management and general $47,947
-
11g · Fees: other
total $105,662 · program services $16,316 · management and general $89,346
-
12 · Advertising and promotion
total $30,476 · program services $27,221 · management and general $3,255
-
13 · Office expenses
total $8,722 · program services $7,825 · management and general $897
-
16 · Occupancy
total $60,665 · program services $50,061 · management and general $10,604
-
17 · Travel
total $17,843 · program services $14,073 · management and general $3,770
-
19 · Conferences, conventions and meetings
total $20,488 · program services $19,442 · management and general $1,046
-
20 · Interest
total $579,525 · program services $446,234 · management and general $133,291
-
22 · Depreciation, depletion and amortization
total $6,847 · program services $5,272 · management and general $1,575
-
23 · Insurance
total $58,486 · program services $48,273 · management and general $10,213
-
24a · Other expenses: LOAN ORIGINATION EXPENS
total $33,872 · program services $33,872
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $25,753 · program services $25,753
-
24c · Other expenses: TELEPHONE EXPENSE
total $13,328 · program services $10,998 · management and general $2,330
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $10,470 · program services $1,499 · management and general $8,971
-
24e · All other expenses
total $8,816 · program services $6,337 · management and general $2,479
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,610,863 · end of year $7,628,429
-
2 · Savings and temporary cash investments
beginning of year $5,891,303 · end of year $8,445,182
-
4 · Accounts receivable
beginning of year $35,141 · end of year $25,350
-
7 · Other notes and loans receivable
beginning of year $23,939,471 · end of year $21,805,912
-
9 · Prepaid expenses and deferred charges
beginning of year $34,791 · end of year $41,696
-
10a · Land, buildings and equipment: cost or other basis
$117,577
-
10b · Land, buildings and equipment: accumulated depreciation
$106,506
-
10c · Land, buildings and equipment, net
beginning of year $8,207 · end of year $11,071
-
11 · Investments: publicly traded securities
beginning of year $200,100 · end of year $215,800
-
13 · Investments: program-related
beginning of year $779,488 · end of year $880,646
-
15 · Other assets
beginning of year $189,455 · end of year $141,782
-
17 · Accounts payable and accrued expenses
beginning of year $497,937 · end of year $1,092,502
-
19 · Deferred revenue
beginning of year $862,934 · end of year $2,257,076
-
23 · Secured mortgages and notes payable
beginning of year $2,551,998 · end of year $1,835,338
-
25 · Other liabilities
beginning of year $18,576,856 · end of year $18,280,096
-
27 · Net assets without donor restrictions
beginning of year $14,199,094 · end of year $15,730,856
Mission and programs · 2023
Mission
TO PROMOTE COMMUNITY, ECONOMIC, AND WORKFORCE DEVELOPMENT THROUGHOUT THE STATE OF OKLAHOMA AND THE UNITED STATES OF AMERICA.
Activities or mission (Part I)
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.
-
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.
Expenses $2,632,346 · Grants $9,600 · Revenue $3,480,967
As filed on the 2023 return.
Listed in Part VII
-
A Thomas LoyA THOMAS LOY
CHAIRMAN
- Total calculated
- $294,353
- From this org
- $271,081
- From related orgs
- $0
- Other
- $23,272
- Hours/week
- 17 + 1 related
Schedule J breakdown matched by us
- Base
- $162,587
- Bonus
- $108,494
- Other
- $0
- Deferred
- $21,835
- Nontaxable benefits
- $1,437
- Filer's total
- $294,353
-
Sarah ReedSARAH REED
CEO & PRESIDENT/VICE CHAIR
- Total calculated
- $229,613
- From this org
- $196,345
- From related orgs
- $0
- Other
- $33,268
- Hours/week
- 31 + 1 related
Schedule J breakdown matched by us
- Base
- $181,345
- Bonus
- $15,000
- Other
- $0
- Deferred
- $16,367
- Nontaxable benefits
- $16,901
- Filer's total
- $229,613
-
Jill CastillaJILL CASTILLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
James FinchJAMES FINCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Raul FontRAUL FONT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Jane HaskinJANE HASKIN
BOARD MEMBER
- Total calculated
- $15,000
- From this org
- $15,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Deborah JenkinsDEBORAH JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Charles LeeCHARLES LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Blake TrippetBLAKE TRIPPET
CHIEF NEW MARKETS OFFICER
- Total calculated
- $266,663
- From this org
- $231,591
- From related orgs
- $0
- Other
- $35,072
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- $166,591
- Bonus
- $65,000
- Other
- $0
- Deferred
- $19,200
- Nontaxable benefits
- $15,872
- Filer's total
- $266,663
-
Ed LongED LONG
PRESIDENT OF OK IMPACT INVEST. COLLAB.
- Total calculated
- $203,865
- From this org
- $174,992
- From related orgs
- $0
- Other
- $28,873
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- $149,992
- Bonus
- $25,000
- Other
- $0
- Deferred
- $14,400
- Nontaxable benefits
- $14,473
- Filer's total
- $203,865
-
Maurianna AdamsMAURIANNA ADAMS
CHIEF COMMUNITY INVESTMENT
- Total calculated
- $144,872
- From this org
- $117,078
- From related orgs
- $0
- Other
- $27,794
- Hours/week
- 32
-
Robert DilgROBERT DILG
TREASURER & CHIEF RISK OFFICER
- Total calculated
- $110,105
- From this org
- $97,792
- From related orgs
- $0
- Other
- $12,313
- Hours/week
- 23
-
Steven HolmesSTEVEN HOLMES
CONTROLLER
- Total calculated
- $125,225
- From this org
- $117,632
- From related orgs
- $0
- Other
- $7,593
- Hours/week
- 31 + 1 related
-
Sharayah ForeSHARAYAH FORE
VICE PRESIDENT OF IMPACT
- Total calculated
- $116,210
- From this org
- $103,555
- From related orgs
- $0
- Other
- $12,655
- Hours/week
- 32
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- PROPRIETY OF THE CEO'S COMPENSATION PLAN: THE PLAN IS TYPICALLY REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS AND THE BOARD WILL REVIEW ANNUALLY FOR REASONABLENESS BASED ON PERFORMANCE, INFLATION, AND INDUSTRY COMPARABLE DATA. DURING THE CURRENT YEAR, SARAH REED WAS NAMED PREIDENT & CEO IN JUNE, HER COMPENSATION PACKAGE WAS REVIWED AND APPROVED BY THE BOARD OF DIRECTORS FOR REASONABLENESS BASED ON PERFORMANCE, INFLATION, AND INDUSTRY COMPARABLE DATA. WE FEEL CONFIDENT THAT WE ARE AT OR BELOW INDUSTRY NORMS.
- PART I, LINE 6
- BONUS AND INCENTIVE PLAN FOR THE CEO CALCULATES BONUS AS A CAPPED PERCENTAGE OF CURRENT YEAR CHANGE IN NET ASSETS AND AS A CAPPED PERCENTAGE OF 5-YEAR AVERAGE ANNUAL CHANGE IN NET ASSETS. BONUS AND INCENTIVE PLAN UTILIZES AUDITED FINANCIAL STATEMENTS FOR CALCULATIONS. PLAN IS EFFECTIVE ONLY FOR YEAR IN WHICH NET ASSETS ARE POSITIVE AT DECEMBER 31.
- PART I, LINE 7
- BLAKE TRIPPET, SARAH REED, ED LONG, MAURIANNA ADAMS, STEVEN HOLMES, SHARAYAH FORE, AND ROBERT DILG RECEIVED DISCRETIONARY PERFORMANCE BONUSES DURING THE YEAR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
OKLAHOMA IMPACT INVESTING COLLABORATIVE (FKA IMPACT ACCELERATOR)
TO SUPPORT METAFUND CORPORATION'S MISSION · OK · income $272,443 · assets $3,173,722
Directly controlled by METAFUND CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MF BLUE WAVE LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.1% owned · share of income $84 · share of assets $7,507 · general or managing partner
Directly controlled by METAFUND
-
MMOK SUB VI LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.1% owned · share of income $112 · share of assets $7,508 · general or managing partner
Directly controlled by METAFUND
-
MMOK SUB VII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.1% owned · share of income $108 · share of assets $16,000 · general or managing partner
Directly controlled by METAFUND
-
MMOK SUB VIII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $1 · share of assets $1,000 · general or managing partner
Directly controlled by METAFUND
-
MMOK SUB IX LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $3 · share of assets $900 · general or managing partner
Directly controlled by METAFUND
-
MMOK SUB X LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XI LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $6 · share of assets $900 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $3 · share of assets $600 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XIII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $7 · share of assets $1,500 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XIV LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $15 · share of assets $2,000 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XV LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $4 · share of assets $600 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XVI LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $10 · share of assets $1,500 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XVII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $14 · share of assets $1,900 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XVIII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $17 · share of assets $1,000 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XIX LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $3 · share of assets $700 · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XX LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XXI LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XXII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XXIII LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XXIV LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
-
METAFUND SUBSIDIARY XXV LLC
RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · general or managing partner
Directly controlled by METAFUND
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
METACORP INC
C · INVESTMENT · OK · 100% owned · share of income $271,395 · share of assets $270,570 · controlled entity
Directly controlled by METAFUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349305346
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