Civic Intelligence

Metro Technology Centers Foundation Inc.

990EZ • Fiscal year 2016 • EIN 73-1308962

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 07, 2017

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

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

4th percentile

-123%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

84th percentile

$23,878

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 29.4% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

14th percentile

-33%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$217,569

Down $104,795 (-33%) from 2015

Net Assets

Down

$216,228

Down $99,886 (-32%) from 2015

Liabilities

Down

$1,341

Down $4,909 (-79%) from 2015

Revenue

Up

$81,217

Up $11,627 (+17%) from 2015

Expenses

Up

$181,103

Up $124,473 (+220%) from 2015

Net Income

Down

-$99,886

Down $112,846 (-871%) from 2015

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

2016

Assets$217,569
Liabilities$1,341
Net Assets$216,228

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

2016

Revenue$81,217
Expenses$181,103
Net Income-$99,886
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 7, 2017
Return Version
2016v3.0
Gross Receipts
$99,885
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.

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.-$154,806
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
DEBRA D PONDER-NELSONExecutive DiFT$23,878-$23,878
JOHN M JOYCEBoard-$0--
JOSH PARSONSVice-Chair-$0--
LORRIE JACOBSChair-$0--
CINDY FRIEDEMANNBoard-$0--
DICK BESHEARBoard-$0--
JODI DISHMANBoard-$0--
CATHY STORYFoundation DFT$0--
REGINALD D JOHNSONBoard-$0--
JEFFREY NEFFBoard-$0--
HELEN RAMBOBoard-$0--
SUNDEE BUSBYBoard-$0--
JAY FOOTETreasurer-$0--
LORE STORMBoard-$0--
LEWIS CUNNINGHAM IIIBoard-$0--
JANE DERRICKBoard-$0--
LEO FUNDARO JRBoard-$0--
RUTHIE GALLARDO-OWENSBoard-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$43,203$43,203$8,921$34,282
Golf Tournament$22,037$22,037$9,084$12,953
Total Events$67,268$67,268$18,668$48,600
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
Jay Foote
Title
Treasurer
Phone
4056054418
Signed
2017-02-07
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 16

Expenses office expenses-software 3,960 staff & board registration 1,199 meeting expense 1,957 liability insurance 440 scholarship/awards/grants 37,114 occ fndn contr-current yr 76,500 occ fndn contr-prior year 20,417 occ fndn curr yr reinvest 1,013 occ fndn cur yr reinv inc -1,013 program expense 4,425 business registration 115 bank fees 208 paypal/cc processing fees 691 special events 18,667 allocated -18,667 total 147,026

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 6,250 0 payroll liabilites 0 1,341

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, 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. 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, 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.

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.

Form 990-ez, Part V, Line 34

Under "article x:officers", the position executive director was added

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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 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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1FOR OVER 25 YEARS THE FOUNDATION HAS PROVIDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS TO ADULT AND HIGH-SCHOOL STUDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES-SOFTWARE 3,960 STAFF & BOARD REGISTRATION 1,199 MEETING EXPENSE 1,957 LIABILITY INSURANCE 440 SCHOLARSHIP/AWARDS/GRANTS 37,114 OCC FNDN CONTR-CURRENT YR 76,500 OCC FNDN CONTR-PRIOR YEAR 20,417 OCC FNDN CURR YR REINVEST 1,013 OCC FNDN CUR YR REINV INC -1,013 PROGRAM EXPENSE 4,425 BUSINESS REGISTRATION 115 BANK FEES 208 PAYPAL/CC PROCESSING FEES 691 SPECIAL EVENTS 18,667 ALLOCATED -18,667 TOTAL 147,026
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,250 0 PAYROLL LIABILITES 0 1,341
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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, 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. WE ARE FUNDED BY DONATIONS FROM OUR EMPLOYEES, COMMUNITY LEADERS AND ORGANIZATIONS IN OKLAHOMA CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5UNDER "ARTICLE X:OFFICERS", THE POSITION EXECUTIVE DIRECTOR WAS ADDED
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART V, LINE 34
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0METRO TECHNOLOGY CENTERS FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0METR
ReturnHeader/Filer/EIN0731308962
ReturnHeader/Filer/PhoneNum04056054418
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 SPRINGLAKE DRIVE
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd0731115238
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId001767F1FED8EFCE70BC41CEC9B0DAE221C1001C2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId001767F1FED8EFCE70BC41CEC9B0DAE221C1001C2
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731249124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMEDLUND & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05600 N MAY AVENUE SUITE 162
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0731123911
ReturnHeader/PreparerPersonGrp/PhoneNum04058431171
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0P MIKE SMEDLUND
ReturnHeader/ReturnTs02017-05-05T10:12:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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