Civic Intelligence

Meto Inc.

990 • Fiscal year 2023 • EIN 84-2456429

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

1802 Vernon St NW PMB 2252Washington, DC 20009

(303) 601-6774

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$72,215

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

263%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

214%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$890,036

Up $645,017 (+263%) from 2022

Net Assets

Up

$880,272

Up $641,055 (+268%) from 2022

Liabilities

Up

$9,764

Up $3,962 (+68%) from 2022

Revenue

Up

$1,079,411

Up $735,827 (+214%) from 2022

Expenses

Up

$438,356

Up $241,702 (+123%) from 2022

Net Income

Up

$641,055

Up $494,125 (+336%) from 2022

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

2023

Assets$890,036
Liabilities$9,764
Net Assets$880,272

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

2023

Revenue$1,079,411
Expenses$438,356
Net Income$641,055
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,079,411
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
Savings and Temporary Cash Investments-$636,309-
Accounts Receivable$12,690$152,210▲ $139,520
Cash and Non-Interest-Bearing Accounts$232,329$80,417▼ $151,912
Prepaid Expenses and Deferred Charges-$21,100-
Total Assets$245,019$890,036▲ $645,017
Liabilities
Other Liabilities$5,802$5,407▼ $395
Accounts Payable and Accrued Expenses-$4,357-
Total Liabilities$5,802$9,764▲ $3,962
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$239,217$880,272▲ $641,055
Total Net Assets Fund Balance$239,217$880,272▲ $641,055
Total Liabilities and Net Assets / Fund Balance$245,019$890,036▲ $645,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ryan BenitezChairFT$72,215$72,215

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,029,235
Program Service Revenue
$43,640
Investment Income
$6,536
Other Revenue
$0
All Other Contributions
$1,029,235
Change in Net Assets
$641,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,785
Salaries, Compensation, and Employee Benefits$156,438
Total Fundraising Expense$47,931
Grants and Similar Amounts Paid$10,133
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$187,191$2,050-$189,241
Current Officers, Directors, Trustees, and Key Employees$25,275$28,886$18,054$72,215
Other Salaries and Wages$54,631$9,746-$64,377
Travel-$16,778$11,188$27,966
Payroll Taxes$7,032$3,396$1,593$12,021
Advertising--$11,925$11,925
Foreign Grants$10,133--$10,133
Other Employee Benefits$4,578$2,210$1,037$7,825
Fees for Services Accounting-$6,563-$6,563
Other Expenses-$3,681$759$3,681
Conferences and Meetings--$3,375$3,375
Insurance-$2,438-$2,438
Information Technology-$1,939-$1,939
Total Functional Expenses$288,840$101,585$47,931$438,356
International Activity

International Summary

Offices
3
Employees
11
Spending
$87,755

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
AfricaManagement and General-11$50,796
AfricaProgram ServicesStudent OutreachStudent Outreach-18$26,826
AfricaGrantsStudent Outreach12$10,133
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$5,407
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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 for their review 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 determining 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
1802 Vernon St NW PMB 2252, Washington, DC 20009

Signing Officer

Name
Ryan Benitez
Title
CEO
Phone
3036016774
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Benitez
Formed
2018
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
6
Employees
2
Volunteers
20

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 187,191. Management and general expenses 2,050. Fundraising expenses 0. Total expenses 189,241.

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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: bringing students/universities to the platform and developing 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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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt150796
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt226826
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Student Outreach
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Management and General
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program ServicesStudent OutreachStudent Outreach
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt010133
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Wire transfer
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt02
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Africa
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Student tuition, health insurance, internet and travel
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt011
IRS990ScheduleF/SubtotalOfficesCnt03
IRS990ScheduleF/SubtotalSpentAmt087755
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The Organization gives grants to low-income students for scholarships. It monitors the use of these funds by staying connected to students throughout their studies, evaluating and assessing their transcripts along the way, and communicating to their university about them (when necessary) to ensure they are tracking for an on-time graduation.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III Accounting Method:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule F, Part 1, Line 2
IRS990ScheduleF/TotalEmployeeCnt011
IRS990ScheduleF/TotalOfficeCnt03
IRS990ScheduleF/TotalSpentAmt087755
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Husband and wife are members of the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is delivered to the Board for their review 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 determining 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 187,191. Management and general expenses 2,050. Fundraising expenses 0. Total expenses 189,241.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0245019
IRS990/TotalAssetsEOYAmt0890036
IRS990/TotalAssetsGrp/BOYAmt0245019
IRS990/TotalAssetsGrp/EOYAmt0890036
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01029235
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt047931
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101585
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288840
IRS990/TotalFunctionalExpensesGrp/TotalAmt0438356
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05802
IRS990/TotalLiabilitiesEOYAmt09764
IRS990/TotalLiabilitiesGrp/BOYAmt05802
IRS990/TotalLiabilitiesGrp/EOYAmt09764
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0239217
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0880272
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0288840
IRS990/TotalProgramServiceRevenueAmt043640
IRS990/TotalReportableCompFromOrgAmt072215
IRS990/TotalRevenueGrp/ExclusionAmt06536
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043640
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01079411
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0245019
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0890036
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt011188
IRS990/TravelGrp/ManagementAndGeneralAmt016778
IRS990/TravelGrp/TotalAmt027966
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03422 R St NW
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020007
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.METO-INTL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ryan Benitez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03036016774
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Meto Inc
ReturnHeader/Filer/BusinessNameControlTxt0METO
ReturnHeader/Filer/EIN0842456429
ReturnHeader/Filer/PhoneNum03036016774

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