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Nonprofiteer
← METAFUND CORPORATION

Form 990 for tax year 2024

Filed by METAFUND CORPORATION.

Totals

Total revenue
$5,097,647
Total expenses
$3,615,394
Contributions and grants received
$794,192
Grants paid
$25,502
Program service revenue
$3,678,909
Investment income
$594,362
Other revenue
$30,184
Total assets, end of year
$38,719,754
Total liabilities, end of year
$21,513,804
Net assets or fund balances, end of year
$17,205,950
Program services expenses (Part IX)
$3,016,121
Management and general expenses
$599,273
Fundraising expenses
$0
Program service expenses (Part III)
$3,016,121

Program services were 83.4% 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

    $794,192

  • 2a · Program service revenue: FEE INCOME

    total $2,128,997 · related or exempt $2,128,997

  • 2b · Program service revenue: LOAN INTEREST INCOME

    total $1,546,526 · related or exempt $1,546,526

  • 2c · Program service revenue: PROJECT DIVIDEND INCOM

    total $3,386 · related or exempt $3,386

  • 3 · Investment income

    total $594,362 · excluded $594,362

  • 11a · Other revenue: OTHER INCOME

    total $30,184 · related or exempt $30,184

  • 11e · Other revenue, total

    $30,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,502 · program services $25,502

  • 5 · Compensation of officers, directors and key employees

    total $1,389,954 · program services $1,192,901 · management and general $197,053

  • 7 · Other salaries and wages

    total $659,823 · program services $566,280 · management and general $93,543

  • 8 · Pension plan contributions

    total $37,425 · program services $32,119 · management and general $5,306

  • 9 · Other employee benefits

    total $12,200 · program services $10,471 · management and general $1,729

  • 10 · Payroll taxes

    total $123,941 · program services $106,370 · management and general $17,571

  • 11b · Fees: legal

    total $84,727 · program services $69,036 · management and general $15,691

  • 11c · Fees: accounting

    total $234,014 · program services $192,088 · management and general $41,926

  • 11g · Fees: other

    total $119,913 · program services $66,796 · management and general $53,117

  • 12 · Advertising and promotion

    total $11,600 · program services $9,396 · management and general $2,204

  • 13 · Office expenses

    total $20,350 · program services $11,794 · management and general $8,556

  • 14 · Information technology

    total $18,351 · program services $4,821 · management and general $13,530

  • 16 · Occupancy

    total $68,780 · program services $58,718 · management and general $10,062

  • 17 · Travel

    total $10,641 · program services $9,987 · management and general $654

  • 19 · Conferences, conventions and meetings

    total $23,240 · program services $21,116 · management and general $2,124

  • 20 · Interest

    total $569,883 · program services $461,605 · management and general $108,278

  • 22 · Depreciation, depletion and amortization

    total $6,758 · program services $5,474 · management and general $1,284

  • 23 · Insurance

    total $62,485 · program services $53,366 · management and general $9,119

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $56,038 · program services $56,038

  • 24b · Other expenses: LOAN ORIGINATION EXPENS

    total $38,041 · program services $38,041

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,808 · program services $4,006 · management and general $13,802

  • 24d · Other expenses: TELEPHONE EXPENSE

    total $13,479 · program services $11,507 · management and general $1,972

  • 24e · All other expenses

    total $10,441 · program services $8,689 · management and general $1,752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,628,429 · end of year $11,089,292

  • 2 · Savings and temporary cash investments

    beginning of year $8,445,182 · end of year $6,311,916

  • 4 · Accounts receivable

    beginning of year $25,350 · end of year $22,673

  • 7 · Other notes and loans receivable

    beginning of year $21,805,912 · end of year $20,125,305

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,696 · end of year $70,733

  • 10a · Land, buildings and equipment: cost or other basis

    $118,472

  • 10b · Land, buildings and equipment: accumulated depreciation

    $109,911

  • 10c · Land, buildings and equipment, net

    beginning of year $11,071 · end of year $8,561

  • 11 · Investments: publicly traded securities

    beginning of year $215,800 · end of year $232,100

  • 13 · Investments: program-related

    beginning of year $880,646 · end of year $663,225

  • 15 · Other assets

    beginning of year $141,782 · end of year $195,949

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,092,502 · end of year $1,057,619

  • 19 · Deferred revenue

    beginning of year $2,257,076 · end of year $1,541,253

  • 23 · Secured mortgages and notes payable

    beginning of year $1,835,338 · end of year $2,331,430

  • 25 · Other liabilities

    beginning of year $18,280,096 · end of year $16,583,502

  • 27 · Net assets without donor restrictions

    beginning of year $15,730,856 · end of year $17,205,950

Mission and programs · 2024

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 $3,016,121 · Grants $25,502 · Revenue $3,709,093

As filed on the 2024 return.

Listed in Part VII

  • A Thomas Loy

    EXECUTIVE CHAIRMAN

    Total calculated
    $208,614
    From this org
    $193,161
    From related orgs
    $0
    Other
    $15,453
    Hours/week
    9 + 1 related

    Schedule J breakdown matched by us

    Base
    $93,493
    Bonus
    $99,668
    Other
    $0
    Deferred
    $15,453
    Nontaxable benefits
    $0
    Filer's total
    $208,614

  • Sarah Reed

    CEO & PRESIDENT/VICE CHAIR

    Total calculated
    $389,230
    From this org
    $323,959
    From related orgs
    $0
    Other
    $65,271
    Hours/week
    31 + 1 related

    Schedule J breakdown matched by us

    Base
    $215,175
    Bonus
    $108,784
    Other
    $0
    Deferred
    $46,703
    Nontaxable benefits
    $18,568
    Filer's total
    $389,230

  • Jane Haskin

    BOARD MEMBER

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.25

  • Amanda Ewing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Desjean Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • James Finch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Charles Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jill Castilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Blake Trippet

    CHIEF NEW MARKETS OFFICER

    Total calculated
    $335,745
    From this org
    $275,823
    From related orgs
    $0
    Other
    $59,922
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $125,823
    Bonus
    $150,000
    Other
    $0
    Deferred
    $42,880
    Nontaxable benefits
    $17,042
    Filer's total
    $335,745

  • Ed Long

    PRESIDENT OF IMPACT INVESTING COLLABORATIVE

    Total calculated
    $221,454
    From this org
    $189,919
    From related orgs
    $0
    Other
    $31,535
    Hours/week
    31 + 1 related

    Schedule J breakdown matched by us

    Base
    $169,919
    Bonus
    $20,000
    Other
    $0
    Deferred
    $15,600
    Nontaxable benefits
    $15,935
    Filer's total
    $221,454

  • Maurianna Adams

    CHIEF COMMUNITY INVESTMENT

    Total calculated
    $146,111
    From this org
    $116,806
    From related orgs
    $0
    Other
    $29,305
    Hours/week
    31 + 1 related

  • Robert Dilg

    CHIEF RISK OFF & TREASURER

    Total calculated
    $64,800
    From this org
    $60,000
    From related orgs
    $0
    Other
    $4,800
    Hours/week
    16

  • Steven Holmes

    CONTROLLER

    Total calculated
    $145,691
    From this org
    $124,616
    From related orgs
    $0
    Other
    $21,075
    Hours/week
    31 + 1 related

  • Sharayah Fore

    VICE PRESIDENT OF IMPACT

    Total calculated
    $124,331
    From this org
    $107,447
    From related orgs
    $0
    Other
    $16,884
    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. THE BOARD WILL REVIEW ANNUALLY 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 THE YEAR IN WHICH NET ASSETS ARE POSITIVE AT DECEMBER 31.
PART I, LINE 7
BLAKE TRIPPET, ED LONG, MAURIANNA ADAMS, STEVEN HOLMES, AND SHARAYAH FORE 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

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 $415,748 · assets $4,106,731

    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 -$7,517 · share of assets $9,575 · general or managing partner

    Directly controlled by METAFUND

  • METAFUND SUBSIDIARY XIX LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $11 · share of assets $700 · general or managing partner

    Directly controlled by METAFUND

  • METAFUND SUBSIDIARY XVIII LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $25 · share of assets $1,000 · 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 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 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 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 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 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

  • MMOK SUB X LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 99.99% owned · 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 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 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 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

  • 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 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

  • METAFUND SUBSIDIARY XX LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $5 · share of assets $1,500 · general or managing partner

    Directly controlled by METAFUND

  • METAFUND SUBSIDIARY XXI LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $2 · share of assets $800 · general or managing partner

    Directly controlled by METAFUND

  • METAFUND SUBSIDIARY XXII LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 0.01% owned · share of income $1 · share of assets $700 · 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 assets $21,613 · controlled entity

    Directly controlled by METAFUND

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503119349304045

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