Meto Inc
Nonprofit profile at a glance
- EIN
- 842456429
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Washington, DC, USA
- Phone
- 3036016774
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $1,557,659
- Expenses
- $842,116
- Assets
- $1,893,686
- Liabilities
- $22,734
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Ryan Benitez (CEO)
Highest reported compensation
- Ryan Benitez (CEO): $103,232 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2024
Address 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.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 80
- Accountability: 69
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.7%; rating input score 39
- Program expense ratio: 67.1%; rating input score 67
- Fundraising efficiency: $48.82 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Pass
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 45.9%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 2.25; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 12.3%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 39.2% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 44.3% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 52.7% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 38.7% of revenue deployed · 67.1% of spending went to programs
- Governance: 5 of 6 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $565K in reported program spending
- Leadership: top reported pay $103K · 6 people listed
- Consistency: 43 of 45 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.