METAFUND CORPORATION | OKLAHOMA META FUND CDC

EDMOND, OK | Oklahoma County
Economic Development
METAFUND CORPORATION | OKLAHOMA META FUND CDC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

METAFUND CORPORATION | OKLAHOMA META FUND CDC
73-1575885
2545 S KELLY AE STE F
EDMOND, OK 73013
Oklahoma County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Venture Capital Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new MetaFund Corporation fka Oklahoma MetaFund CDC
2016 $50,000,000 New Markets Tax Credit open_in_new MetaFund Corporation fka Oklahoma MetaFund CDC
2017 $30,000,000 New Markets Tax Credit open_in_new MetaFund Corporation fka Oklahoma MetaFund CDC
2019 $60,000,000 New Markets Tax Credit open_in_new MetaFund Corporation fka Oklahoma MetaFund CDC
2021 $50,000,000 New Markets Tax Credit open_in_new MetaFund Corporation fka Oklahoma MetaFund CDC

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$3.4M
Revenue
$3.4M
Assets
$34.7M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2001-09
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
2545 S KELLY AE STE F
EDMOND, OK 73013
Oklahoma County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
36420
MSA/MD info
40
State info
109
County info
1083.17
Tract info
Upper
Income Level info
Core-Based Statistical Area info
36420 - Oklahoma City, OK
Combined Statistical Area info
416 - Oklahoma City-Shawnee, OK
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 36.06%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
1083.17 Oklahoma County
Population
Total Population 3,910 790,938
Total Households 1,745 313,822
Income
Median Family Income (Census*) $95,474 $58,239
Median Family Income (2022 FFIEC est.) $84,900 $84,900
Tract Income Percentage 127.01% N/A
Below Poverty Level 2.9% 15.8%
Unemployment Level 3.6% 4.6%
Housing
Total Housing Units 1,798 349,731
Total Owner-Occupied Units 72.0% 59.3%
Total Renter-Occupied Units 25.0% 40.7%
Total Vacant Units 2.9% 10%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body info
7
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
A Thomas Loy
Chief Executive Officer
(405) 949-0001
Principal Officer info
A Thomas Loy
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.