Civic Intelligence

Metro Technology Centers Foundation Inc.

990EZ • Fiscal year 2021 • EIN 73-1308962

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 02, 2022

Organization Profilewww.metrotech.edu/foundation
1900 Springlake DrOklahoma City, OK 73111

(405) 595-4415

Siviq Scores

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

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.36x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

14th percentile

-37%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$68,250

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 57.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

47th percentile

3.4%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

33%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$345,549

Up $11,464 (+3.4%) from 2020

Net Assets

Down

$302,644

Down $6,787 (-2.2%) from 2020

Liabilities

Up

$42,905

Up $18,251 (+74%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin14th percentile

Revenue

Up

$118,706

Up $29,780 (+33%) from 2020

Expenses

Up

$163,054

Up $23,264 (+17%) from 2020

Net Income

Up

-$44,348

Up $6,516 (+13%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

2021

Assets$345,549
Liabilities$42,905
Net Assets$302,644
Open 2021 Filing

Operations Trend

Revenue Growth69th percentile

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

2021

Revenue$118,706
Expenses$163,054
Net Income-$44,348
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 2, 2022
Return Version
2021v4.0
Gross Receipts
$127,719
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 technology centers 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 other 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 interest of the district and its students.

Program Services

DescriptionGrantsExpenses
THE METRO TECH FOUNDATION EXISTS TO SECURE FUNDS TO ENHANCE AND IMPROVE FACILITIESAND PROGRAMS AT METRO TECHNOLOGY CENTERS.$104,979-
FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCEON AN INDIVIDUAL BASIS TO ADULT AND HIGH SCHOOL STUDENTS.--
THE FOUNDATION UNDERTAKES ANY PROJECT CONSIDERED BY THE BOARD OF DIRECTORS TO BE INTHE BEST INTERESTS OF THE DISTRICT AND ITS STUDENTS.--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ASHLEIGH GIBSONExecutive DirectorFT$68,250-$68,250
JENNIFER BARKERChairman-$0--
MIKE DYEChairman-$0--
JOHN DAYChairman-$0--
MATT LATHAMDirector-$0--
BLAKE LAWRENCEDirector-$0--
KEITH MAGILLVice Chairman-$0--
AARON COLLINSDirector-$0--
MICHAEL MCDANIELDirector-$0--
KARL STORMChairman-$0--
RUTHIE OWENSDirector-$0--
HOLLY PANKURSTSecretary/Treas-$0--
KRISTY VIRAVONG-PORTISDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$32,571$32,571$9,013$23,558
Total Events$32,571$32,571$9,013$23,558
Filing and Contact Details

Filer

Filer Name
Metro Technology Centers Foundation Inc
EIN
73-1308962
Phone
4055954415
Address
1900 SPRINGLAKE DR, OKLAHOMA CITY, OK 73111

Signing Officer

Name
Ashleigh Gibson
Title
Executive Director
Signed
2022-08-02
Discuss with paid preparer
Yes

Preparer

Firm
Cole & Company CPAs PC
Address
2925 NW 156th St, Edmond, OK 73013
Preparer
R Brett Cole
Phone
4054184444
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $6141”

Other Expenses.1007

“Conferences, Conventions, and Meetings $4453”

Other Expenses.1012

“Insurance $1700”

Other Expenses.1

“Scholarship/awards/grants $54307”

Other Expenses.2

“BANK FEES $1234”

Other Expenses.3

“BUSINESS REG FEES $506”

Other Assets.1005

“Accounts Receivable - Beginning $372 Accounts Receivable - Ending $2343”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $7083”

Other Assets.1

“ACCRUED PTO - Beginning $5370 ACCRUED PTO - Ending $0”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $14500 Unsecured Notes and Loans Payable - Ending $29000”

Total Liabilities.1

“OTHER CURRENT LIABILITIES - Beginning $10154 OTHER CURRENT LIABILITIES - Ending $13905”

Raw XML Appendix222 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE METRO TECHNOLOGY CENTERS 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 OTHER 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 INTEREST OF THE DISTRICT AND ITS STUDENTS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCEON AN INDIVIDUAL BASIS TO ADULT AND HIGH SCHOOL STUDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $6141
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIP/AWARDS/GRANTS $54307
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ReturnHeader/Filer/EIN0731308962
ReturnHeader/Filer/PhoneNum04055954415
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073111
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208257738
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ReturnHeader/PreparerPersonGrp/PhoneNum04054184444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R Brett Cole
ReturnHeader/ReturnTs02022-08-02T07:28:57-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ASHLEIGH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GIBSON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$345,549
Liabilities
$42,905
Net assets
$302,644
Revenue
$118,706
Expenses
$163,054
Net income
-$44,348
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