Civic Intelligence

Meto Inc.

990 • Fiscal year 2022 • EIN 84-2456429

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 07, 2023

724 F St NEWashington, DC 20002-5240

(303) 601-6774

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

86th percentile

43%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$67,495

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

93rd percentile

130%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

90%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$245,019

Up $138,419 (+130%) from 2021

Net Assets

Up

$239,217

Up $146,930 (+159%) from 2021

Liabilities

Down

$5,802

Down $8,511 (-59%) from 2021

Revenue

Up

$343,584

Up $162,915 (+90%) from 2021

Expenses

Up

$196,654

Up $106,879 (+119%) from 2021

Net Income

Up

$146,930

Up $56,036 (+62%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $9,322Liabilities 2020: $7,929Net Assets 2020: $1,3932020Assets 2021: $106,600Liabilities 2021: $14,313Net Assets 2021: $92,2872021Assets 2022: $245,019Liabilities 2022: $5,802Net Assets 2022: $239,2172022Assets 2023: $890,036Liabilities 2023: $9,764Net Assets 2023: $880,2722023Assets 2024: $1,208,294Liabilities 2024: $52,885Net Assets 2024: $1,155,4092024Assets 2025: $1,893,686Liabilities 2025: $22,734Net Assets 2025: $1,870,9522025

Highlighted filing

2022

Assets$245,019
Liabilities$5,802
Net Assets$239,217

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2020: $33,701Expenses 2020: $33,308Net Income 2020: $3932020Revenue 2021: $180,669Expenses 2021: $89,775Net Income 2021: $90,8942021Revenue 2022: $343,584Expenses 2022: $196,654Net Income 2022: $146,9302022Revenue 2023: $1,079,411Expenses 2023: $438,356Net Income 2023: $641,0552023Revenue 2024: $1,052,905Expenses 2024: $777,768Net Income 2024: $275,1372024Revenue 2025: $1,557,659Expenses 2025: $842,116Net Income 2025: $715,5432025

Highlighted filing

2022

Revenue$343,584
Expenses$196,654
Net Income$146,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 7, 2023
Return Version
2021v4.2
Gross Receipts
$343,584
Mission and Program Overview

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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,140$232,329▲ $132,189
Accounts Receivable$6,460$12,690▲ $6,230
Total Assets$106,600$245,019▲ $138,419
Liabilities
Other Liabilities$10,702$5,802▼ $4,900
Accounts Payable and Accrued Expenses$3,611--
Total Liabilities$14,313$5,802▼ $8,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$92,287$239,217▲ $146,930
Total Net Assets Fund Balance$92,287$239,217▲ $146,930
Total Liabilities and Net Assets / Fund Balance$106,600$245,019▲ $138,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan BenitezChairFT$63,447$4,048$67,495

Board Members and Trustees

NameTitle
Cissy ViebranzTrustee
Curt ViebranzTrustee
Isaac ShongweTrustee
Joshua SimpsonTrustee
Jason KlugmanSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$303,184
Program Service Revenue
$35,100
Investment Income
$0
Other Revenue
$5,300
All Other Contributions
$303,184
Change in Net Assets
$146,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$151,091
Other Expenses$41,384
Total Fundraising Expense$16,433
Grants and Similar Amounts Paid$4,179
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,439$8,739$8,739$69,917
Other Salaries and Wages$46,566$12,418$3,104$62,088
Fees for Services Other$23,046$6,146$1,536$30,728
Payroll Taxes$8,446$2,252$563$11,261
Other Employee Benefits$5,869$1,565$391$7,825
Foreign Grants$4,179--$4,179
Travel$598-$1,395$1,993
Office Expenses-$943-$943
Other Expenses$922$360$90$922
Conferences and Meetings$425--$425
Total Functional Expenses$145,608$34,613$16,433$196,654
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liabilities$5,802
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Husband and wife are members of the board

Form 990, Part VI, Section B, line 11B

The 990 is delivered to the board after preparation and reviewed and approved by the board before filing

Form 990, Part VI, Section B, line 12C

The organizational annually submits to the board or upon entrance into the board for new members its conflict of interest policy and continully monitors this during board meetings

Form 990, Part VI, Section B, line 15

The independent board members use comparability data as a reference source in determine pay and discuss amongst themselves to arrive at a salary without the presence of the affected staff

Form 990, Part VI, Section C, line 18

The organization makes its 990 available to the public upon request.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Meto Inc
EIN
84-2456429
Phone
3036016774
Address
724 F St NE, Washington, DC 20002-5240

Signing Officer

Name
Ryan Benitez
Title
CEO
Phone
3036016774
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Benitez
Formed
2018
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
65

Preparer

Firm
Masters Smith & Wisby PA
Address
4651 Salisbury Road Suite 185, Jacksonville, FL 32256
Preparer
Gary M HuggettCPA
Phone
9043962202
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Outside contract services: Program service expenses 23,046. Management and general expenses 6,146. Fundraising expenses 1,536. Total expenses 30,728.

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IRS990/Desc0Address global poverty via access to higher education. Meto operates an online "meeting place" where students connect directly with universities and scholarship programs. This involves two main tasks: binging students/universities to the platform and devoping a robust platform where they can meet efficiently. At this point, Meto has successfully connected hundreds of students to universities or scholarship programs where they are enrolled.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Husband and wife are members of the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is delivered to the board after preparation and reviewed and approved by the board before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizational annually submits to the board or upon entrance into the board for new members its conflict of interest policy and continully monitors this during board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The independent board members use comparability data as a reference source in determine pay and discuss amongst themselves to arrive at a salary without the presence of the affected staff
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its 990 available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization makes its governing documents, conflict of interest policy and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Outside contract services: Program service expenses 23,046. Management and general expenses 6,146. Fundraising expenses 1,536. Total expenses 30,728.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 11g
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IRS990/TotalLiabilitiesEOYAmt05802
IRS990/TotalLiabilitiesGrp/BOYAmt014313
IRS990/TotalLiabilitiesGrp/EOYAmt05802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt092287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0239217
IRS990/TotalOtherCompensationAmt04048
IRS990/TotalProgramServiceExpensesAmt0145608
IRS990/TotalProgramServiceRevenueAmt035100
IRS990/TotalReportableCompFromOrgAmt063447
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0343584
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0245019
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01395
IRS990/TravelGrp/ProgramServicesAmt0598
IRS990/TravelGrp/TotalAmt01993
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0724 F St NE
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020002
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.METO-INTL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ryan Benitez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03036016774
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Meto Inc
ReturnHeader/Filer/BusinessNameControlTxt0METO
ReturnHeader/Filer/EIN0842456429
ReturnHeader/Filer/PhoneNum03036016774
ReturnHeader/Filer/USAddress/AddressLine1Txt0724 F St NE
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200025240
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591466001
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Masters Smith & Wisby PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04651 Salisbury Road Suite 185
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jacksonville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032256
ReturnHeader/PreparerPersonGrp/PhoneNum09043962202
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gary M HuggettCPA
ReturnHeader/ReturnTs02023-02-13T07:44:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ryan
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Benitez
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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