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Nonprofiteer
← MET CARES FOUNDATION INC

Form 990 for tax year 2023

Filed by MET CARES FOUNDATION INC.

Totals

Total revenue
$687,633
Total expenses
$546,634
Contributions and grants received
$687,111
Grants paid
$131,673
Program service revenue
$0
Investment income
$2
Other revenue
$520
Total assets, end of year
$539,189
Total liabilities, end of year
$1,704
Net assets or fund balances, end of year
$537,485
Program services expenses (Part IX)
$170,666
Management and general expenses
$375,968
Fundraising expenses
$0
Program service expenses (Part III)
$170,666

Program services were 31.2% 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

    $687,111

  • 3 · Investment income

    total $2 · excluded $2

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $520 · excluded $520

  • 11e · Other revenue, total

    $520

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,808 · program services $89,808

  • 2 · Grants to domestic individuals

    total $41,865 · program services $41,865

  • 7 · Other salaries and wages

    total $296,218 · management and general $296,218

  • 9 · Other employee benefits

    total $18,642 · management and general $18,642

  • 10 · Payroll taxes

    total $22,522 · management and general $22,522

  • 11a · Fees: management

    total $228 · program services $228

  • 11b · Fees: legal

    total $20,489 · program services $5,338 · management and general $15,151

  • 11c · Fees: accounting

    total $1,942 · management and general $1,942

  • 12 · Advertising and promotion

    total $73 · program services $73

  • 13 · Office expenses

    total $13,403 · program services $13,274 · management and general $129

  • 14 · Information technology

    total $5,010 · program services $3,928 · management and general $1,082

  • 16 · Occupancy

    total $12,821 · management and general $12,821

  • 17 · Travel

    total $800 · program services $800

  • 20 · Interest

    total $105 · program services $105

  • 22 · Depreciation, depletion and amortization

    total $2,385 · management and general $2,385

  • 23 · Insurance

    total $3,556 · management and general $3,556

  • 24a · Other expenses: MEALS

    total $12,036 · program services $12,036

  • 24b · Other expenses: BANK FEES

    total $1,103 · program services $1,076 · management and general $27

  • 24c · Other expenses: SMALL EQUIPMENT

    total $792 · program services $792

  • 24d · Other expenses: PARKING AND TOLLS

    total $780 · program services $65 · management and general $715

  • 24e · All other expenses

    total $2,056 · program services $1,278 · management and general $778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,515 · end of year $24,263

  • 2 · Savings and temporary cash investments

    beginning of year $372,342 · end of year $510,156

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

    $11,925

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

    $7,155

  • 10c · Land, buildings and equipment, net

    beginning of year $7,155 · end of year $4,770

  • 25 · Other liabilities

    beginning of year $3,526 · end of year $1,704

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $396,486 · end of year $537,485

Mission and programs · 2023

Mission

MCF IS COMMITTED TO TRANSFORMING THE ACADEMIC AND SOCIAL OUTCOMES FOR FAMILIES LIVING IN NORTH TULSA BY BUILDING STRONG PARTNERSHIPS WITH SCHOOLS, COMMUNITY ENGAGEMENT, LEADERSHIP DEVELOPMENT AND CREATING ECONOMIC OPPORTUNITIES THAT WILL STRENGTHEN FAMILIES.

  • MCF'S WORKSTREAM OR PROGRAM AREA IS COMMUNITY ENGAGEMENT AND ORGANIZING AROUND KEY SOCIAL INITIATIVES DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR NORTH TULSA RESIDENTS. THIS WORK TAKES MANY FORMS, INCLUDING COMMUNITY CONVENINGS AND LEADERSHIP DEVELOPMENT PROGRAMS AND COHORTS.

    Expenses $170,666 · Grants $131,673 · Revenue $684,789

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ashley Philippsen

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • David Ballard

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr Ray Owens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcia Bruno-Todd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brandon Oldham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharice Loftin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Davida Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Watkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dion'Trae Hayes

    EXECUTIVE DIRECTOR

    Total calculated
    $128,789
    From this org
    $128,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202540349349301474

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