Civic Intelligence

Meto Inc.

990 • Fiscal year 2024 • EIN 84-2456429

Jul 01, 2023 to Jun 30, 2024 • Filed on May 08, 2025

6218 Georgia Ave NW Unit 3210Washington, DC 20011

(303) 601-6774

Siviq Scores

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

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$106,809

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

87th percentile

36%

Faster asset growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.5%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,208,294

Up $318,258 (+36%) from 2023

Net Assets

Up

$1,155,409

Up $275,137 (+31%) from 2023

Liabilities

Up

$52,885

Up $43,121 (+442%) from 2023

Revenue

Down

$1,052,905

Down $26,506 (-2.5%) from 2023

Expenses

Up

$777,768

Up $339,412 (+77%) from 2023

Net Income

Down

$275,137

Down $365,918 (-57%) from 2023

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

2024

Assets$1,208,294
Liabilities$52,885
Net Assets$1,155,409

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

2024

Revenue$1,052,905
Expenses$777,768
Net Income$275,137
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$1,052,905
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$1,154,052▲ $517,743
Investments Program Related$21,100$21,100→ $0
Cash and Non-Interest-Bearing Accounts$80,417$20,675▼ $59,742
Accounts Receivable$152,210$12,467▼ $139,743
Loans From Officers Directors$0$1,407▲ $1,407
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$890,036$1,208,294▲ $318,258
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,357$41,740▲ $37,383
Other Liabilities$5,407$9,738▲ $4,331
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,764$52,885▲ $43,121
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$880,272$834,070▼ $46,202
Net Assets With Donor Restrictions$0$321,339▲ $321,339
Total Net Assets Fund Balance$880,272$1,155,409▲ $275,137
Total Liabilities and Net Assets / Fund Balance$890,036$1,208,294▲ $318,258
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan BenitezCEOFT$83,616$23,193$106,809

Board Members and Trustees

NameTitle
Jason KlugmanChair
Joshua SimpsonVice Chair Treasurer
Elodie ShamiTrustee
Jasmine AgyekumTrustee
Debra ShaverSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$995,088
Program Service Revenue
$21,440
Investment Income
$36,377
Other Revenue
$0
All Other Contributions
$995,088
Change in Net Assets
$275,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,426
Salaries, Compensation, and Employee Benefits$324,796
Total Fundraising Expense$41,104
Grants and Similar Amounts Paid$19,546
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$296,371$0$0$296,371
Other Salaries and Wages$108,694$46,582$0$155,276
Current Officers, Directors, Trustees, and Key Employees$66,939$15,447$20,597$102,983
Fees for Services Management$0$27,910$0$27,910
Other Employee Benefits$22,628$2,035$1,000$25,663
Conferences and Meetings$5,300$16,417$0$21,717
Payroll Taxes$13,631$3,146$4,194$20,971
Fees for Services Accounting$0$20,238$0$20,238
Pension Plan Contributions$11,941$5,970$1,992$19,903
Foreign Grants$19,546--$19,546
Travel$12,962$2,593$0$15,555
Advertising$0$0$12,710$12,710
Occupancy$0$5,782$0$5,782
All Other Expenses$0$5,726$0$5,726
Information Technology$0$2,221$0$2,221
Insurance$0$1,969$0$1,969
Office Expenses$0$1,406$0$1,406
Fees for Services Legal$0$780$0$780
Total Functional Expenses$563,898$172,766$41,104$777,768
International Activity

International Summary

Offices
3
Employees
12
Spending
$180,998

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
Sub-Saharan AfricaProgram servicesStudent Outreach: The organization conducts structured outreach efforts to identify and support low-income high-achieving African students who lack access to quality higher education opportunities. Outreach activities include school visits virtual information sessions partnership building with community organizations and targeted communication campaigns. Interested students are guided through an onboarding process that helps bridge the information asymmetry that exists in college admissions including information related to scholarships and application requirements. Outreach personnel provide support to ensure that applicants meet eligibility requirements. These activities are central to the organizations exempt purpose of increasing access to higher education for marginalized populations and are subject to internal program oversight data tracking and impact assessment.15$144,495
Sub-Saharan AfricaGrantmakingStudent Tuition Health Insurance Internet and Travel: The organization provides comprehensive scholarships to high-need African students attending accredited private universities across the African continent. These scholarships cover tuition health insurance internet access and necessary travel to and from campus. The program is designed to remove financial barriers to higher education for academically qualified students from underserved backgrounds. To ensure accountability and alignment with the organizations exempt purpose recipients are subject to ongoing monitoring through required academic reporting transcript submission and regular engagement with staff. Continued eligibility is reviewed annually based on academic progress and financial need. This direct support helps students complete post-secondary education and contributes to the development of skilled professionals in emerging African economies.16$19,546
East Asia and the PacificProgram servicesTech Platform Development and Support: The organization develops and maintains a custom digital platform designed to expand educational access by connecting students to universities and scholarship opportunities. The platform allows students to build academic profiles receive tailored outreach and apply to institutional partners where there is a fit. Universities can use the platform to identify promising candidates who meet their admissions and aid criteria. The technology streamlines program delivery improves data tracking and enhances transparency in the matching process. Development efforts are led by an internal product and engineering team with oversight from senior staff to ensure alignment with program goals and user needs with contributions from contractors. Ongoing support includes user feedback collection data privacy compliance and continuous feature improvements to support equitable access and program integrity.11$16,957
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$1,407▲ $1,407
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$6,693
Credit Cards Liabilities$1,639
Due to Amos Mugume Virtual Assistant$1,406
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

Part VI, Line 12C

Yes. The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy. Each board member is required to review and sign the policy upon joining the board and again on an annual basis. In addition the organization provides periodic reminders of the policys requirements and actively monitors for potential conflicts during board meetings and decision-making processes. When matters arise that could present a conflict board members are required to disclose the potential conflict and where appropriate recuse themselves from discussions or votes. These procedures help ensure ongoing compliance and promote transparency and accountability in governance.

Part VI, Line 15

Yes. The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy. Each board member is required to review and sign the policy upon joining the board and again on an annual basis. In addition the organization provides periodic reminders of the policys requirements and actively monitors for potential conflicts during board meetings and decision-making processes. When matters arise that could present a conflict board members are required to disclose the potential conflict and where appropriate recuse themselves from discussions or votes. These procedures help ensure ongoing compliance and promote transparency and accountability in governance.

Part VI, Line 19

The organization makes its governing documents conflict of interest policy and financial statements available to the public upon request. Individuals may request copies by contacting the organization via email or mail or by visiting the organizations principal office during regular business hours. In addition the organizations Form 990 is publicly available on the IRS website and other public databases. These practices are intended to promote transparency and public accountability.

Part VI Line 11

| Explanation:| A draft of Form 990 is prepared by the organizations operations team using internal resources and reviewed by senior staff for accuracy and completeness. Once the draft is finalized it is distributed to all members of the Board of Directors for review prior to filing. Board members are given the opportunity to ask questions and provide feedback and any necessary revisions are incorporated based on their input. The final version of the Form 990 is filed only after the Board has had sufficient time to review and approve the return.

Filing and Contact Details

Filer

Filer Name
Meto Inc
EIN
84-2456429
In Care Of
% RYAN BENITEZ
Phone
3036016774
Address
6218 GEORGIA AVE NW UNIT 3210, WASHINGTON, DC 20011

Signing Officer

Name
Ryan Benitez
Title
CEO
Signed
2025-05-08

Organization Details

Formed
2018
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
20
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

Outside contract services: Program service expenses = 296,371; Management and general expenses = 0; Fundraising expenses = 0; Total expenses = 296,371

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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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