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Nonprofiteer
← METO INC

Form 990 for tax year 2024

Filed by METO INC.

Totals

Total revenue
$1,557,659
Total expenses
$842,116
Contributions and grants received
$1,414,719
Grants paid
$70,727
Program service revenue
$84,941
Investment income
$57,999
Other revenue
$0
Total assets, end of year
$1,893,686
Total liabilities, end of year
$22,734
Net assets or fund balances, end of year
$1,870,952
Program services expenses (Part IX)
$565,143
Management and general expenses
$247,992
Fundraising expenses
$28,981
Program service expenses (Part III)
$565,143

Program services were 67.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,414,719

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Service Fees

    total $84,941 · related or exempt $84,941 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $57,999 · related or exempt $0 · unrelated business $0 · excluded $57,999

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $1 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $70,727 · program services $70,727

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $133,887 · program services $66,944 · management and general $40,166 · fundraising $26,777

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $160,809 · program services $112,566 · management and general $48,243 · fundraising $0

  • 8 · Pension plan contributions

    total $9,647 · program services $6,753 · management and general $2,894 · fundraising $0

  • 9 · Other employee benefits

    total $17,187 · program services $10,312 · management and general $5,156 · fundraising $1,719

  • 10 · Payroll taxes

    total $21,971 · program services $0 · management and general $21,971 · fundraising $0

  • 11a · Fees: management

    total $62,042 · program services $0 · management and general $62,042 · fundraising $0

  • 11b · Fees: legal

    total $3,714 · program services $0 · management and general $3,714 · fundraising $0

  • 11c · Fees: accounting

    total $14,316 · program services $0 · management and general $14,316 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $258,540 · program services $258,540 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total -$1,936 · program services $0 · management and general $0 · fundraising -$1,936

  • 13 · Office expenses

    total $4,235 · program services $847 · management and general $3,388 · fundraising $0

  • 14 · Information technology

    total $3,775 · program services $0 · management and general $3,775 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $3,980 · program services $0 · management and general $3,980 · fundraising $0

  • 17 · Travel

    total $20,232 · program services $17,327 · management and general $903 · fundraising $2,002

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $31,667 · program services $15,043 · management and general $16,624 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,087 · program services $0 · management and general $2,087 · fundraising $0

  • 24a · Other expenses: Admin Software

    total $16,176 · program services $0 · management and general $16,176 · fundraising $0

  • 24b · Other expenses: Platform Services

    total $5,613 · program services $5,613 · management and general $0 · fundraising $0

  • 24c · Other expenses: Website

    total $1,047 · program services $471 · management and general $157 · fundraising $419

  • 24d · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,400 · program services $0 · management and general $2,400 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,675 · end of year $67,907

  • 2 · Savings and temporary cash investments

    beginning of year $1,154,052 · end of year $1,707,702

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $12,467 · end of year $12,634

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $84,343

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $21,100 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $21,100

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,740 · end of year $16,912

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $1,407 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,738 · end of year $5,822

  • 27 · Net assets without donor restrictions

    beginning of year $834,070 · end of year $1,620,340

  • 28 · Net assets with donor restrictions

    beginning of year $321,339 · end of year $250,612

Mission and programs · 2024

Mission

To ameliorate global poverty by connecting students around the world to educational and professional opportunities that are currently difficult for them to access due to a lack of information a lack of funding or a lack of other necessary resources.

Activities or mission (Part I)

To ameliorate poverty by connecting students to educational and professional opportunities.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $565,143 · Grants $70,727 · Revenue $84,940

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Ryan Benitez

    CEO

    Total calculated
    $103,232
    From this org
    $103,232
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Jason Klugman

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Joshua Simpson

    Vice Chair Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Debra Shaver

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Jasmine Agyekum

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Elodie Shami

    Trustee

    Total calculated
    $0
    Hours/week
    1

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Meto CBC

    C-Corporation · Formed to support the Metos charitable programs in Rwanda; currently no operations · RW · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Meto Inc

Provenance

Return type
form_990
Tax year
2024
Filed
24 February 2026
IRS schema version
2024v5.1
Source object
202640559349300104

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