Civic Intelligence

Metro Technology Centers Foundation Inc.

990EZ • Fiscal year 2014 • EIN 73-1308962

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 04, 2015

1900 Springlake DriveOklahoma City, OK 73111-5238

(405) 605-4418

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

47th percentile

-0.2%

Faster revenue growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$303,154

Up $52,874 (+21%) from 2013

Net Assets

Up

$303,154

Up $52,874 (+21%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$96,512

Down $149 (-0.2%) from 2013

Expenses

Down

$43,638

Down $33,152 (-43%) from 2013

Net Income

Up

$52,874

Up $33,003 (+166%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $276,203Liabilities 2011: $0Net Assets 2011: $276,2032011Assets 2012: $307,609Liabilities 2012: $0Net Assets 2012: $307,6092012Assets 2013: $250,280Liabilities 2013: $0Net Assets 2013: $250,2802013Assets 2014: $303,154Liabilities 2014: $0Net Assets 2014: $303,1542014Assets 2015: $322,364Liabilities 2015: $6,250Net Assets 2015: $316,1142015Assets 2016: $217,569Liabilities 2016: $1,341Net Assets 2016: $216,2282016Assets 2017: $245,612Liabilities 2017: $5,906Net Assets 2017: $239,7062017Assets 2018: $233,194Liabilities 2018: $9,583Net Assets 2018: $223,6112018Assets 2019: $338,871Liabilities 2019: $5,370Net Assets 2019: $333,5012019Assets 2020: $334,085Liabilities 2020: $24,654Net Assets 2020: $309,4312020Assets 2021: $345,549Liabilities 2021: $42,905Net Assets 2021: $302,6442021Assets 2022: $276,220Liabilities 2022: $13,481Net Assets 2022: $262,7392022Assets 2023: $295,184Liabilities 2023: $15,701Net Assets 2023: $279,4832023Assets 2024: $301,893Liabilities 2024: $20,071Net Assets 2024: $281,8222024

Highlighted filing

2014

Assets$303,154
Liabilities$0
Net Assets$303,154

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $74,380Expenses 2011: $25,622Net Income 2011: $48,7582011Revenue 2012: $73,680Expenses 2012: $42,274Net Income 2012: $31,4062012Revenue 2013: $96,661Expenses 2013: $76,790Net Income 2013: $19,8712013Revenue 2014: $96,512Expenses 2014: $43,638Net Income 2014: $52,8742014Revenue 2015: $69,590Expenses 2015: $56,630Net Income 2015: $12,9602015Revenue 2016: $81,217Expenses 2016: $181,103Net Income 2016: -$99,8862016Revenue 2017: $122,032Expenses 2017: $98,554Net Income 2017: $23,4782017Revenue 2018: $100,682Expenses 2018: $116,777Net Income 2018: -$16,0952018Revenue 2019: $158,825Expenses 2019: $153,528Net Income 2019: $5,2972019Revenue 2020: $88,926Expenses 2020: $139,790Net Income 2020: -$50,8642020Revenue 2021: $118,706Expenses 2021: $163,054Net Income 2021: -$44,3482021Revenue 2022: $138,855Expenses 2022: $182,844Net Income 2022: -$43,9892022Revenue 2023: $360,692Expenses 2023: $327,187Net Income 2023: $33,5052023Revenue 2024: $164,573Expenses 2024: $166,000Net Income 2024: -$1,4272024

Highlighted filing

2014

Revenue$96,512
Expenses$43,638
Net Income$52,874
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 4, 2015
Return Version
2014v5.0
Gross Receipts
$113,678
Mission and Program Overview

Mission

The metro tech foundation exists to secure funds to enhance and improve facilities and programs at metro technology centers. For over 25 years the foundation has provided scholarships, awards, grants and financial assistance on an individual basis to adult and high-school students. The foundation undertakes any project considered by the board of directors to be in the best interests of the district and its students.

The metro tech foundation exists to secure funds to enhance and improve facilities and programs at metro technology centers. For over 25 years the foundation has provided scholarships and financial assistance on an individual basis to adult and high-school students. The foundation undertakes any project considered by the board of directors to be in the best interests of the district and its students.

Program Services

DescriptionGrantsExpenses
FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS TO ADULT AND HIGH-SCHOOL STUDENTS.-$41,663
THE METRO TECH FOUNDATION EXISTS TO SECURE FUNDS TO ENHANCE AND IMPROVE FACILITIES AND PROGRAMS AT METRO TECHNOLOGY CENTERS--
THE FOUNDATION UNDERTAKES ANY PROJECT CONSIDERED BY THE BOARD OF DIRECTORS TO BE IN THE BEST INTERESTS OF THE DISTRICT AND ITS STUDENTS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN M JOYCEChair-$0--
JOSH PARSONSSecretary/Tr-$0--
LORRIE JACOBSVice Chair-$0--
CINDY FRIEDEMANNFoundation DFT$0--
JOANN JOHNSONFoundation L-$0--
DICK BESHEARBoard-$0--
JODI DISHMANBoard-$0--
TOM HARDIMANBoard-$0--
CATHY POTEETFound Asst DPT$0--
BARBARA BATCHELORBoard-$0--
REGINALD D JOHNSONBoard-$0--
MAUTRA JONESBoard-$0--
JOHN LYTTLEBoard-$0--
JEFFREY NEFFBoard-$0--
HELEN RAMBOBoard-$0--
CLAUDIA PINAEx-Offico-$0--
BONNIE LOGANEx-Officio-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$62,356$34,856$17,166$17,690
Total Events$62,356$34,856$17,166$17,690
Filing and Contact Details

Filer

Filer Name
Metro Technology Centers Foundation
EIN
73-1308962
Phone
4056054418
Address
1900 SPRINGLAKE DRIVE, OKLAHOMA CITY, OK 73111-5238

Signing Officer

Name
Josh Parsons
Title
Secretary/treasurer
Phone
4056054418
Signed
2015-08-04
Discuss with paid preparer
Yes

Preparer

Firm
Smedlund & Company Pc
Address
5600 N MAY AVENUE SUITE 162, OKLAHOMA CITY, OK 73112-3911
Preparer
P Mike Smedlund
Phone
4058431171
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Memorials 3,250 total 3,250

Form 990-ez, Part I, Line 16

Expenses awards 40,018 business registration 65 credit card fees 360 program expense 1,150 special events 17,166 allocated -17,166 total 41,593

Form 990-ez, Part I, Line 20

Gifted land to metro tech 0

Form 990-ez, Part III

The metro tech foudation exists to secure funds to enhance and improve facilities and programs at metro technology centers. For over 25 years the foundation has provided scholarships and financial assistance on an individual basis to adult and high-school students. The foundation undertakes any project considered by the board of directors to be in the best interests of the district and its students. We are funded by donations from our employees, community leaders and organizations in oklahoma city.

Form 990-ez, Part III

The metro tech foundation exists to secure funds to enhance and improve facilities and programs at metro technology centers. For over 25 years the foundation has provided scholarships and financial assistance on an individual basis to adult and high-school students. The foundation undertakes any project considered by the board of directors to be in the best interests of the district and its students.

Form 990-ez, Part V

The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indirectly, on a personal benefit contact.

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IRS990EZ/PrimaryExemptPurposeTxt0THE METRO TECH FOUNDATION EXISTS TO SECURE FUNDS TO ENHANCE AND IMPROVE FACILITIES AND PROGRAMS AT METRO TECHNOLOGY CENTERS. FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS TO ADULT AND HIGH-SCHOOL STUDENTS. THE FOUNDATION UNDERTAKES ANY PROJECT CONSIDERED BY THE BOARD OF DIRECTORS TO BE IN THE BEST INTERESTS OF THE DISTRICT AND ITS STUDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMORIALS 3,250 TOTAL 3,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES AWARDS 40,018 BUSINESS REGISTRATION 65 CREDIT CARD FEES 360 PROGRAM EXPENSE 1,150 SPECIAL EVENTS 17,166 ALLOCATED -17,166 TOTAL 41,593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GIFTED LAND TO METRO TECH 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE METRO TECH FOUDATION EXISTS TO SECURE FUNDS TO ENHANCE AND IMPROVE FACILITIES AND PROGRAMS AT METRO TECHNOLOGY CENTERS. FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS TO ADULT AND HIGH-SCHOOL STUDENTS. THE FOUNDATION UNDERTAKES ANY PROJECT CONSIDERED BY THE BOARD OF DIRECTORS TO BE IN THE BEST INTERESTS OF THE DISTRICT AND ITS STUDENTS. WE ARE FUNDED BY DONATIONS FROM OUR EMPLOYEES, COMMUNITY LEADERS AND ORGANIZATIONS IN OKLAHOMA CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE METRO TECH FOUNDATION EXISTS TO SECURE FUNDS TO ENHANCE AND IMPROVE FACILITIES AND PROGRAMS AT METRO TECHNOLOGY CENTERS. FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS TO ADULT AND HIGH-SCHOOL STUDENTS. THE FOUNDATION UNDERTAKES ANY PROJECT CONSIDERED BY THE BOARD OF DIRECTORS TO BE IN THE BEST INTERESTS OF THE DISTRICT AND ITS STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTACT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART V
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ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0P MIKE SMEDLUND
ReturnHeader/ReturnTs02015-08-13T08:58:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.02$0.20$2.82$1.65$1.66$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.95$0.16$2.79$3.61$3.27$0.34
2022Detailed filing. Detailed filing data is available for this year.$2.76$0.13$2.63$1.39$1.83$0.44
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.43$3.03$1.19$1.63$0.44
2020Detailed filing. Detailed filing data is available for this year.$3.34$0.25$3.09$0.89$1.40$0.51
2019Detailed filing. Detailed filing data is available for this year.$3.39$0.05$3.34$1.59$1.54$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.33$0.10$2.24$1.01$1.17$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.46$0.06$2.40$1.22$0.99$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.01$2.16$0.81$1.81$1.00
2015Detailed filing. Detailed filing data is available for this year.$3.22$0.06$3.16$0.70$0.57$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.97$0.44$0.53
2013Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.97$0.77$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.00$3.08$0.74$0.42$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.00$2.76$0.74$0.26$0.49